Home Capital Broker's Calls

GLP remains attractive despite potential headwinds

Michelle Zhu
Michelle Zhu8/16/2016 09:30 AM GMT+08  • 3 min read
GLP remains attractive despite potential headwinds
SINGAPORE (Aug 16): DBS Vickers Securities is maintaining its “buy” call on Global Logistic Properties (GLP) at a target price of $2.47.  
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 16): DBS Vickers Securities is maintaining its “buy” call on Global Logistic Properties (GLP) at a target price of $2.47.

The global provider of modern logistics facilities recently posted 1Q17 earnings of US$203 million ($273 million) for 1Q17, 24% lower than US$268 million a year ago on forex losses and lower revaluation gains.


(See: GLP’s 1Q earnings falls 24% to US$203 mil on forex losses, lower revaluation gains)

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now