Global Logistic Properties Ltd *Official* (SGX: MC0)

chowck

Senior Member
Joined
Dec 24, 2014
Messages
538
Reaction score
6
Today ex-div yet price dropping more than the dividend.

Maybe fund or institution selling the past weeks?

sian...:s11:
 

Minx99

Master Member
Joined
Apr 29, 2013
Messages
2,906
Reaction score
0
Today ex-div yet price dropping more than the dividend.

Maybe fund or institution selling the past weeks?

sian...:s11:
I think the results did not live up to expectations. This is what happen when you beat the drum too loudly and get everyone's expectations up high, then the result turn out to be an anti-climax :(
 

mav3rick

Master Member
Joined
Dec 14, 2001
Messages
3,769
Reaction score
14
SINGAPORE (Aug 10): Global Logistic Properties, the provider of modern logistics facilities, will sell five wholly-owned properties in Japan to GLP J-REIT for JPY38.1 billion ($424 million).

The properties comprise a total gross floor area of 2.2 million sf.

Following this transaction, GLP’s fund management platform will grow to US$27.4 billion.

The transaction is expected to be completed in September 2015.

GLP J-REIT, listed on the Tokyo Stock Exchange in December 2012, is a real estate investment trust focused on operating logistics properties in Japan.

GLP is the property and asset manager of the J-REIT.

GLP J-REIT has the right of first look on a further 20 properties worth US$1.8 billion wholly owned by GLP.

GLP closed 1 cent higher at $2.37 on Aug 6.

http://www.theedgemarkets.com/sg/ar...perties-sells-5-properties-glp-j-reit-424-mil
 

Pocoyoz

High Supremacy Member
Joined
Aug 7, 2005
Messages
33,508
Reaction score
3,393
1.655 :s22:

CIMB Research 2015-12-09
Retain Add rating with an RNAV-backed target price of S$3.18.

DBS Research 2016-01-06
We maintain BUY on Global logistics Properties (GLP) with TP of S$2.73, pegged at 20% discount to RNAV.

OCBC Investment 2015-11-02
Maintain BUY with an unchanged fair value estimate of S$3.07.

:s13::s13:
 

hypertrophy

Master Member
Joined
Jun 6, 2010
Messages
2,741
Reaction score
121
These folks are as good as weather forecasters..
No one can predict the sentiment of the market.

Btw anyone noticed that more than 90% of GLP shares are held by investors who hold 1,000,000 or more shares?
 

Shion

Senior Mentor
Joined
Oct 24, 2008
Messages
320,169
Reaction score
80,643
GLP’s 3Q earnings surge 67%, China operations shine

GLP’s 3Q earnings surge 67%, China operations shine

http://www.theedgemarkets.com/sg/article/glp’s-3q-earnings-surge-67-china-operations-shine

SINGAPORE (Feb 4): Global Logistic Properties reported a 64% jump in 3Q earnings to US$184 million ($262 million).

This was due to its China earnings, which were up 50%, driven by higher asset values, rent growth and continued leasing of developments.

Leasing in China was up 27% and same-property portfolio rents went up 4.6% for the period.

Japan’s earnings also leaped 34% on the back of higher development completions of its logistic facilities.

Revenue increased 11% to US$199 million, owing to the completion of projects in China and the management fee income from GLP US Income Partners I.

GLP says it has completed US$516 million worth of modern logistic facilities during the period, which translates to US$67 million in development gains.

It remains confident it can meet its FY16 guidance.

GLP ended 2.7% lower at $1.62 on Wednesday.
 

Average

Banned
Joined
Apr 14, 2012
Messages
29,037
Reaction score
311
Time to chiong? Plus 5cents now... this company is cash rich. And expanding business despite economic slowdown.

Less than 40% debt.

Ceo says share price is undervalued, instructed to do share buyback. Bought back 2.2% of outstanding shares in the 3rd quarter.

Targets sustainable and consistent dividends.

Sent from your gal nex door using GAGT
 
Last edited:
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top