Goldman Sachs Downgrades Mapletree Industrial Trust (MAPIF) on Currency Concerns | MAPIF Stock News

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May 11, 2025

Goldman Sachs has adjusted its rating for Mapletree Industrial Trust (MAPIF, Financial), moving it from Buy to Neutral. The new price target is S$2.23, reduced from the previous S$2.65. The downgrade is attributed to anticipated challenges from a weakening U.S. dollar. Despite having partial offsets through natural and rolling income hedges, the firm expects these measures to be insufficient to fully counteract the currency's adverse effects on Mapletree's financial performance.

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