
bishan22 ( Date: 17-Jan-2011 12:23) Posted:
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yummygd ( Date: 17-Jan-2011 12:18) Posted:
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Why is the price fluctuating and went down so much?
What is the progress of purchasing stake in Airport City Development Co Ltd (ACL)?
DBS recommends BUY with Target Price of $2.76
Strategic purchase of ACL
• Acquires 53.1% of ACL giving it exposure to the
fastest growing segment of the logistics market –
airside cargo logistics
• Strengthens portfolio and market position; earnings
and valuation accretive
• Maintain Buy, TP S$2.76
2nd acquisition within 3 months of listing. In another
exercise that demonstrates management’s execution ability,
GLP is proposing to purchase a 53.14% stake in Airport City
Development Co Ltd (ACL) for RMB2483m. ACL is the sole
developer in the Beijing Capital International Airport (BCIA)
air cargo handling and bonded logistics area. The deal will be
funded by an issue of new shares (57%) and cash (43%) and
result in a 2.8% expansion in share capital.
Strategic acquisition, enhancement in market position,
earnings and valuation. This acquisition is positive for the
group as the unique on-tarmac assets complements the
existing portfolio by giving exposure to the fastest growing
and high-value airside cargo handling and bonded logistics
area while strengthening the group’s positioning in the Tier 1
city. Cargo throughput in BCIA had grown by 17% in 2005-
09 and is expected to improve by 15% annually from 2010-
15. As a result, we believe rentals are likely to appreciate at a
robust clip over the same period. We expect the purchase to
be earnings accretive, with the initial completed GFA
boosting earnings by 2-3% and increasing as the
development pipeline is completed. Meanwhile, RNAV is
maintained at S$2.76, after factoring the enlargement in
share capital.
Maintain buy, TP S$2.76. We remain upbeat on the
prospects of GLP. Our BUY call and target price of S$2.76 for
GLP is based on parity to our sum of parts valuation, which
has factored in valuation of existing assets as well as
imputing a value of US$1380m for potential asset origination
through its ability to deploy its balance sheet capacity.
Life Is Great
true enough said by blackreplica..
niuyear ( Date: 06-Jan-2011 15:31) Posted:
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blackreplica ( Date: 11-Dec-2010 16:03) Posted:
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Ask urself, our General Election roughly when?
GLP & MIT belongs 2 who?
Dan u'll noe e ans liao...
('',)
saturn ( Date: 06-Jan-2011 13:08) Posted:
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It just funny how this stock have so many good news but stocks not moving much.
Move like a snail.
GLP starts building Shenyang logistics park
Singapore based Global Logistic Properties (GLP), one of the largest providers of modern logistics facilities in Asia, has started to build another industrial park in Shenyang.
The new park will cover 43,000 square metres, and serve mainly as a distribution centre for electronic and medical products, services outsourcing and large-scale retail business.TODAY Online reports GLP manages 51 logistics parks and two light assembly facilities parks in 18 major Chinese cities.


Bon3260 ( Date: 06-Jan-2011 12:30) Posted:
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GLP Cheong Ah!!!
('',)
Bon3260 ( Date: 31-Dec-2010 22:07) Posted:
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unbelieveable buyer!
12:23:02 |
2.190 | 2,381,000 | A |
12:22:41 | 2.190 | 20,000 | A |
Global Logistic Properties Ltd (“GLP” or “the Company”), has strengthened its presence in China ’s fast-expanding air cargo business segment through an equity-linked transaction related to Airport City Development Co., Ltd. (“ACL”). The arrangement will see GLP entering a sale and purchase agreement for an approximately 53% effective interest in ACL, the sole developer of the airside cargo handling and bonded logistics facility at the Beijing Capital International Airport (“BCIA”).
This stock is starting to look like a big disappointment....
This counter had alot of hype on it.. with GIC. Although a growth stock, I think it has lost investors confidence after the transparency issue.
Happens.
Bon3260 ( Date: 31-Dec-2010 22:07) Posted:
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