Stock Name: Global Logistic
Company Name: GLOBAL LOGISTIC PROP LIMITED
Company Name: GLOBAL LOGISTIC PROP LIMITED
| Research House: OCBC | Price Call: BUY | Target Price: 2.99 |
SINGAPORE (May 20): OCBC Research is maintaining its "buy" call on Global Logistic Properties with $2.99 fair value.
In May 15 report led by analyst Eli Lee, OCBC says the group delivered a "solid set of KPIs" in its key markets in the fourth quarter even though GLP's 4QFY15 PATMI came in slightly below expectations.
In 4QFY15, GLP's PATMI decreased 34.5% y-o-y to US$104.9 million, mostly due to increased minority interests' share of profits.
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