Share Market Update : Why UOB is starting FLT at 'buy' .

SINGAPORE (Aug 3): UOB Kay Hian has started scope for Frasers Logistics and Industrial Trust with a "purchase" rating and an objective cost of $1.08. 

FLT is a modern land venture trust with an underlying portfolio containing 51 Australia-based mechanical and logistics resources esteemed at A$1.6 billion ($1.6 billion). 

UOB Kay Hian's Derek Chang noticed that the mechanical REIT offers financial specialists a road to put resources into Australian modern properties while the nearby modern REITs keep on facing supply headwinds.

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