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Mapletree Logistics Trust rated buy

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DBS Vickers Securities in a Jan 22 research report says: Mapletree Logistics Trust (MLT) reported 4Q09 results in line with expectations. Gross revenues and net property income came in relatively stable at $50.8 million (-3.1% y-o-y, flat q-o-q) and $44.9 million (-0.4% y-o-y, +2% q-o-q) respectively.

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