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GLP Results Announcement
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seanpent
Elite |
08-Feb-2012 13:45
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very beautiful chart ..... this one is poised to be up & running again ..... | ||
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seanpent
Elite |
08-Feb-2012 12:16
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one day rest ... then 2 or more days cheong ... hmmm ... so heading towards 2.20 - 2.30 next ? |
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katak88
Senior |
16-Nov-2011 00:14
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Business Times - 15 Nov 2011 DBS Vickers maintains 'buy' call on GLP, lowers TP to S$2.29 By CARINE LEE DBS Vickers on Tuesday maintained a buy call on Global Logistics Properties (GLP) with a lowered price target of S$2.29, from S$2.80 previously. 'We have lowered revised net asset value estimates as we removed the value created from reinvestment potential from its balance sheet capacity and adjusted for latest balance sheet numbers,' said analyst Lock Mun Yee. GLP's second quarter ended results rose to US$200.7 million from US$85.4 million a year ago, which is above analysts expectations. The results took into consideration US$89.7 million in fair value gains from its investment properties, compared with US$11.6 million a year ago. Excluding revaluations, profit after tax and minority interests rose 39 per cent to US$103.2 million from US$74.2 million a year ago. Looking ahead, demand on the ground remains healthy, and GLP remains a major player in the Asian modern logistics space with pole positions in China and Japan. |
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Blastoff
Elite |
11-Nov-2011 14:39
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Congrats!
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susan66
Master |
11-Nov-2011 14:35
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Thanks for the information. Entered yesterday $1.725 taken profit already, not bad. 
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katak88
Senior |
11-Nov-2011 00:12
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GLP sees boost in performance By Millet Enriquez | Posted: 10 November 2011 2352 hrs SINGAPORE: Global Logistic Properties (GLP) has reported a 135 per cent on-year rise in its second-quarter net profit to US$200.7 million. In a stock exchange filing, GLP said the completion and stabilisation of GLP's development projects in China and favourable currency translation boosted performance. In the three months ended September, GLP's revenue also rose 20 per cent to US$138.6 million. Excluding revaluation gains, group profit increased 39 per cent on-year to US$103 million. Meanwhile, GLP's gain in fair value of investment properties amounted to US$90 million -- up from US$11.6 million from a year ago. This was mainly due to the reassessment of certain property values in China. For the quarter, new and expansion leased area was 672,000 square metres in China, an increase of 108 per cent compared to the same period last year. Stabilised logistics lease ratios hit 91 per cent in China while in Japan it remained stable at 99 per cent. GLP deputy chairman Jeffrey H. Schwartz said while the firm sees robust demand across the firm's portfolio, it will continue to monitor the market closely and adjust its strategy accordingly. During the quarter, GLP also completed the refinancing of 89.3 billion Japanese Yen (US$1.2 billion) Japan debt, which forms 35 per cent of GLP's overall debt in Japan. - CNA/wk |
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