In its outlook, MLT’s manager said that following the progressive easing of restrictions and as economies reopen, nearly all its tenants have resumed operations, except for a small number of mainly Singapore tenants representing 1.3 per cent of MLT’s revenue base.
Ng Kiat, CEO of the manager said: “Covid-19 has accelerated several pre-existing structural trends, such as e-commerce growth and supply chain diversification, benefitting the logistics market in the Asia-Pacific. Underpinned by these trends, the logistics sector has continued to demonstrate resilience.”
It said that it will continue to be vigilant on maintaining a strong balance sheet and prudent cash flow management.
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