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Global Logistic Properties (GLP SP, MC0)
Technical BUY with +7.7% potential return, By UOBKH
Last done : S$2.97
Resistance : S$3.20
Support : S$2.86
BUY with a target price of S$3.20 with stops
placed below S$2.86. On 27 Nov 13, we
highlighted that the stock could be supported
near its 150-day EMA. Currently there could be
further upside should prices continue to trade
above its 50-day EMA. Watch to see whether
prices could close above S$3.00 as its
Stochastics indicator has formed a bullish
crossover and could move away from its
oversold region.
GLP: two workers were killed on Wednesday after a crane toppled, crushing a portion of the Itequerao stadium, one of 12 being built for the opening game of the football World Cup in Sao Paulo next year. Fifa, the sport?s governing body has demanded that all work be finished by the end of next month, but several stadiums are already behind schedule. The accident casts another shadow over Brazil?s preparations for the World Cup, which have been plagued by delays, accidents, cost overruns and public anger over govt waste that led to nationwide protests last year. GLP?s Brazil portfolio size currently stands at 2.1m sqm, with pro-rata valuation of US$644m (~6% of group gross asset valuation). Investors remain hopeful that GLP can replicate the success with Brazil, that it achieved developing logistic properties in China and Japan. GLP?s consensus RNAV stands at $3.30.
Good...just lock it up and wait for it to rise gradually but surely
lglg666 ( Date: 28-Nov-2013 21:02) Posted:
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After reading thru all the posts here decided to vest....got 20 yesterday and didnt get the rest. This morning in Q but it has ran off....:) it seem to be trading in a range and I got it near the bottom of the range....will now ride to the top.
tonylim ( Date: 22-Nov-2013 18:15) Posted:
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Hello123, any update pls?
hello123 ( Date: 21-Oct-2013 14:24) Posted:
as predicted last fri , GLP this monday morning surge to 313 then react down , now 309. for more details , see http://sgxswinger.blogspot.sg/ |
hello123 ( Date: 08-Nov-2013 12:58) Posted:
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GLP J-REIT has first refusal rights on ¥270b in sponsor properties. With development costs for logistics centers on the rise, CS expect the market to take another look at GLP J-REIT?s potential for external growth regardless of the sponsor?s pace of new development. The current distribution yield of 4.2% (FT2/15E) looks attractive vs. the 3.8% average for the TSE REIT Index. LTV (49.3% at end FT8/14) is also higher than at other logistics REITs, leading house to believe that GLP J-REIT could outperform should additional BoJ easing drive expectations for a rise in asset value. CS believe sponsor GLP is looking to sell ¥30-50b in properties per year to GLP J-REIT.
I am vested for medium and long term. I have great confidence in this stock with good business model, dynamism and leadership. Should do well in China, Brazil and Japan.
Octavia ( Date: 22-Nov-2013 17:32) Posted:
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Cresting the e-commerce wave in China According to consultant Bain & Co, Chinese shoppers spent a whopping ~US$213b online in 2012, just trailing behind their US counterparts who made ~US$225b worth of purchases. If the Chinese internet consumer market continues its blistering 71% average annual growth since 2009 (about five times faster than the US), China can be expected to overtake the US as the global leader in e-commerce once the 2013 industry statistics are published early next year. Such stellar industry growth will inevitably have a knock-on effect on GLP. The e-commerce operators are scrambling to rapidly expand their distribution network and capability, leading to a scarcity of the high-end, modern logistics facilities that GLP develops and operates across the key cities in China. In fact, in the recent months, Market Insights has posted numerous updates on GLP?s new lease signings, reflecting the strong market demand. GLP?s high quality customer base boasts e-commerce giants such as Amazon, Tencent and Vipshop, to name a few. GLP remains a key constituent in Market Insights model Growth portfolio. The counter is up 1.0% at $2.99 today, and trades at a 9% discount to consensus RNAV of $3.30.
What I meant is........ if someone had taken a look at, for example, Assiasons' NAV & PB before 1 Oct, he would be alerted that the PB was 15.67 times which is extremely high!........
Rosesyrup ( Date: 17-Nov-2013 15:34) Posted:
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Mind explaining that bold statment?
WanSiTong ( Date: 17-Nov-2013 15:18) Posted:
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Now it's too late to look at NAV for the trio..........Lol
WanSiTong ( Date: 17-Nov-2013 15:02) Posted:
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Not only PE..........PB becomes more & more important and widely used in the financial analysis .........
Rosesyrup ( Date: 17-Nov-2013 14:22) Posted:
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Agree with you friend. Why bother about NAV for this kind of stock? Not as if it is unsutainable or anything. This is a growth counter. A more appropriate valuation model would be PE.
NAV is a better model for the trio.
LOVEYOURSELF ( Date: 17-Nov-2013 11:49) Posted:
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I don't know what to say......
One thing for sure GLP is not a penny stock therefore any reference with recent dive of the 3 penny stocks may not be helpful.....
Although NAV is one important factor used but I think investors would consider other factors/issues in determining what prices would be fair to pay.....
I just got a feeling GLP may test $3.2+ in coming days, if convincingly may end up in the $3.3+ zone around the CNY 2014 period .....that is just my own opinion....cheers.......
https://www.youtube.com/watch?v=NUgn-Kzgkxw
WanSiTong ( Date: 17-Nov-2013 11:17) Posted:
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Yes, I fully agreed with you.......... NAV is not the only factor to consider for the stock price.
Look at the price on 1 Oct, Assissons closed at $ 2.83, Bluemont $ 2.44 and lionGold at $ 1.545.............and many many.......
Assiasons had a NAV of 18.06c, Bluemont 6.27c and LionGold 25.50c
I don't know how to say.......
tonylim ( Date: 16-Nov-2013 23:57) Posted:
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Yes I agreed with you. However, amongst other factors, NAV is one of a important factors.
tonylim ( Date: 16-Nov-2013 23:57) Posted:
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SuperCoffee NAV much less than a dollar but the share price is higher than Capitland. NAV is not the only factor to consider for the stock price.
WanSiTong ( Date: 16-Nov-2013 11:29) Posted:
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| GLP | Capitaland | |
| (US$) | (s$) | |
| NAV | 1.81 | 3.74 |
| NTA | 1.7 | 3.63 |
| Last price (S$) | 3.13 | 3.07 |
WanSiTong ( Date: 15-Nov-2013 17:29) Posted:
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