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Recommend BUY by UOBKH with Target Price at $1.23, over 30% upside
CWT remains on our BUY list
with a RNAV-based target price of S$1.23. We continue to favour CWT
for its global exposure to trade, dominance in logistics niches, exposure
in developing countries and strong balance sheet.
Good growth outlook. We believe CWT is on track to deliver a two-year
EPS CAGR (excluding exceptionals) of 18% over 2011-12, driven by rising
contributions from its commodities logistics and the lack of start-up losses
in Europe. These estimates look conservative as we have not factored in
any uplift from the ASI investment.
• Organic growth on track. 2011 is expected to see its warehousing
capacity grow to over 8.5m sf. This is projected for after the completion of
the CWT Logistics Hub 3 in 1H11 and the redevelopment of 49 Pandan
Road into a five-storey ramp-up warehouse in 2H11.
Make love more, don't make more enemies
how to cheong like that? ppl short sell
Taking a rest ...can cheong any time soon
chriscyng ( Date: 02-Mar-2010 09:34) Posted:
| Is this stock moving up ? No action |
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Is this stock moving up ? No action
Thanks gracedyh for this info.
| DJ MARKET TALK: CWT +8.3%; Hopes For S'pore REIT Listing Increase |
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| 12/30/2009 10:05:00 AM |
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0205 GMT [Dow Jones] CWT (C14.SG) +8.3% at S$0.845 in active trade, rising above S$0.80 for first time since July last year. Gains follow yesterday's 5.4% rise, as investors continue to bet logistics group will soon unveil final plan to list REIT in Singapore. Shares +13.0% since company disclosed Dec. 17 it's in advanced discussions over selling two properties in Singapore, leasing them back with aim to inject them into a property trust. Just this week alone, stock up as much as 15.6%, suggesting market hopeful deal will be finalized soon. Analysts generally upbeat about proposal, saying special dividend for shareholders may be in store, with CWT able to channel proceeds to other business segments while enjoying regular stream of dividends from REIT. Having cleared S$0.80, stock's next near-term resistance at S$0.88, minor peak in June 2008. (FKH) |
Hi guys, any new why this counter is moving up...
Besides the growth potential and what to come after this, CWT has been giving out very high dividends consistently over the years. It is not a speculative play - but for middle and long term investors
commando ( Date: 19-Dec-2009 21:01) Posted:
| agreed...purely specculative play |
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agreed...purely specculative play
Pure speculative play! I believe Chmn Loi Kai Meng is not so stupid to go into industrial reits at this time when industrial property prices @rock bottom. Just look at 2 industrial reits -MiReits & Cambridge, both r trading at substantial discount to NAV. Where GIC holds majority stake, in the case of A-reits n Mapletree Logistic, it is a different story.
SINGAPORE: Logistics company CWT said that it is in advanced talks on the proposed sale and leaseback of its logistics facilities in 24 Penjuru Road and 2 Fishery Port Road.
These facilities could eventually be included in the proposed listing of a real estate investment trust (REIT).
Apart from the proposed deal, CWT also said that Kim Eng Research has issued a favourable recommendation for the company's shares today.
Kim Eng has initiated coverage of the stock with a "buy" call and set a target price of S$1.11. - CNA/vm
One serious investor quoted : I think CWT is interesting enough to buy and hold until next year when trading picks up again. Probably should see more concrete developments NEXT YEAR on whether their going to divest their logistic warehouses into a REIT or not.
