Cache Logistics Trust

Cache Logistics Trust | Hold

Target price: 80 cents

June 28 close: 76.5 cents

Broker: CGS-CIMB, June 25

We see the consolidation of ownership and decision-making as positive for Cache. Over the past three years, the trust has embarked on a portfolio rebalancing and growth strategy, particularly in Australia.

With a greater alignment of interest with ARA, we believe the trust would continue to be able to tap ARA's expanding presence and network in the Asia-Pacific region. In addition, the amalgamated interest in the property manager would also ensure good continuity in the management of Cache's properties.

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