GLP kept at 'buy' with $2.99 fair value by OCBC

Stock Name: Global Logistic
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.

Global Logistic Properties started at "buy", $3.10 target by Deutsche Bank

Stock Name: Global Logistic
Company Name: GLOBAL LOGISTIC PROP LIMITED

Research House: Deutsche Bank

Price Call: BUY

Target Price: 3.10

SINGAPORE (Feb 12): Deutsche Bank has started coverage on Global Logistic Properties with a "buy" call and $3.10 price target.

With its extensive reach in China, Japan and Brazil, "GLP's dominant network across the market, one of its key competitive edges, allows the group to attract demand on a national and global level," Deutsche Bank analysts Joy Wang and Man Chien-Fie wrote in a note.

GLP kept at 'buy' with $3.42 target price by Citi

Stock Name: Global Logistic
Company Name: GLOBAL LOGISTIC PROP LIMITED

Research House: Citigroup

Price Call: BUY

Target Price: 3.42

SINGAPORE (Feb 6): Citi Research is maintaining a "buy" call for Global Logistic Properties (GLP) with a target price of $3.42 due to its strong performance in China, despite recording a lower profit in 3Q15 ended Dec.

GLP reported a profit of $381 million in 3Q15, down 27% from the same quarter last year.

This also translates into a 30% drop of core profit y-o-y to US$135 million.