Warehouse Landlords Rank Among Biggest Gainers Of Growing E-commerce In Asean (Business Times)

October 13, 2020 – WAREHOUSE landlords are expected to be the biggest gainers as growing Sino-US tensions fuel a strategic shift in manufacturing and logistics value chains to South-east Asia and more companies adopt a “China + 1” strategy.

On Monday, a DBS Group Research report named Mapletree Logistics Trust (MLT), Westports, ESR Cayman, Thailand’s industrial estate developer Amata, as well as Thailand’s logistics Reits (real estate investment trusts), Hemaraj Reit and WHA Premium Reit, as “gems” to buy within the Asean logistics industry.

The analysts that penned the report believe that Asean offers the right recipe for an “explosive” growth in e-commerce, with pivots in manufacturing value chains benefiting Vietnam, Indonesia and Thailand, while Singapore and Malaysia remain the region’s key logistics hubs.

Growth drivers for Asean’s logistics sector include the region’s rising affluence, sizeable young population, as well as high digital connectivity and mobile penetration, which make it one of the most attractive consumer markets.

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