| Latest Forum Topics / Global Logistic |
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GSS ENERGY - The NEW ENERGY PLAY BULL
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gopguppy
Veteran |
28-Jun-2016 12:09
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This stock is frustrating. Even when there are continuous good news, the price stays the same or even drops. Strong backing from GIC does not help. Everyone say this is a good stock to buy or hold. But price wise I am puzzled. Can anyone explain why this is so? |
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FATABA
Supreme |
28-Jun-2016 12:09
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Good rebound for GLP ...with new sign up in Japan ....hope more to go .  
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Msport
Elite |
28-Jun-2016 09:45
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kill who? shortist?
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moron101
Supreme |
28-Jun-2016 09:38
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Si liao. Killings switched to Blue chips.. | ||||
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halleluyah
Supreme |
27-Jun-2016 23:20
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Yup..huge one....coy share buy back tdy n 2 dys ago too....
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FATABA
Supreme |
27-Jun-2016 23:04
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This is not a small leases ...but a very large one , especially in space scare Japan.  More so during sure a tough timing . This leases is say to be for e-comm customer in Japan and once again justify GLP strenght in Jpan.
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halleluyah
Supreme |
27-Jun-2016 18:10
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NEW LEASES IN JAPAN TOTALLING 214,000 SQM..... |
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halleluyah
Supreme |
27-Jun-2016 15:17
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Earlier hoot hoot some liao....go go |
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FATABA
Supreme |
27-Jun-2016 15:10
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Wow over 14.7 M done as of now ....its holding on very well with overall market setiment down. Shortist at work would be concern if it can hold well till month end closing ...haha.    
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earlybird14
Supreme |
27-Jun-2016 11:49
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Technically, touch support should jump, especially a lot of bluechips jump in the morning. Don't jump one is deemed as weak. 1.74 was the bottom level at last shoot. So, actually it is weak technically.
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FATABA
Supreme |
27-Jun-2016 11:43
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Very strong support from 1.74 to 1.72 .....haa ( if shortist darn to challenge GIC ..let see) TA dont work here as GIC has a larger pool of analyst working on it. Eventually it fall back that GLP is strong fundamentally. ( not for trade) ....dyodd ...happy investing. |
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Msport
Elite |
27-Jun-2016 11:09
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this is the cheapest logistic stock on the planet! |
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trader20yr
Senior |
27-Jun-2016 23:04
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These several days after brexit of cause weak lah ... since all are weak, now traders all go trade bluest blue chip like banks, singtel, cap land, ... this not bluest blue chip although good, but there are better ones ... wait till the bluest blue chips all kana played already then come back here :) Nothing about FA or TA of this, it is because there are better ones elsewhere ... |
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BullsAndBear
Veteran |
27-Jun-2016 10:36
Yells: "I come at the turn of the tide " |
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Charting wise, GLP looks weak. If today price action cannot hold above $1.75, It will be a break of a bearish pennant pattern, which shows that the downtrend from Nov' 13 is not over. Re-test of $1.60 low (Fe' 16 low) might be a test of possible support. On the upside, a break above $1.87 is needed to at least signal that the downtrend might be over. And a break above $1.95, it' s falling 200DMA might be seen a bullish reversal. ~Cheers! |
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earlybird14
Supreme |
27-Jun-2016 10:24
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Price still weak. Glp very care about their share price. Share buy back plus giving confidence this and that.
Why can't they ignore share price and keep cash and reduce debt? The 3billion debt through buying us warehouse are still there which they promise to divest to China investors. Watch up closely the development if you invest on this.
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FATABA
Supreme |
27-Jun 10:20
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Wow u really got permission from BT to produce it here .... Fundamentally ....its book value is 2.50 and a dividend yield of 3.4%  ( currently CD with  a 6 cents ) Dyodd.
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Msport
Elite |
27-Jun-2016 10:05
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Even brighter...   GLP' s prospects brighter than what analysts think 21 Jun 2016 09:00
By LYNETTE KHOO GLOBAL Logistic Properties Limited (GLP) may well be a misunderstood stock, as far as its risk profile and accounting treatment are concerned. Amid worries over a slowdown in its key market China, group CEO Ming Z Mei said the group is still slated to achieve strong profits from development completions in China this year. Net operating income (NOI) from its US assets is also expected to be " very strong" on the back of high rental growth on renewal leases, Mr Mei told The Business Times. On the whole, GLP is still expecting positive same-property NOI growth for its key markets of the US, Brazil, China and Japan, similar to the 6.9 per cent growth seen in fiscal 2016 ended March 31. Such upbeat tone from the group CEO flies in the face of concerns flagged in recent analyst reports following the group' s release of fourth-quarter results. GLP, whose single largest shareholder is GIC, has a US$36 billion property portfolio spanning 52 million square metres of logistics facilities across China, Japan, the US and Brazil. Of this, 57 per cent of its net asset value resides in China. And clearly, investors have been applying a discount on the counter due to a lack of clarity over macro-economic risks in China. But Mr Mei told BT: " Even though we are slowing down investments in some markets where we see oversupply because a lot of capital has been flowing into those cities and into the sector, we continue to expect earnings growth in our China business this year despite the slowdown. " Earnings this year is going to be buoyed by actions done the prior year, development completions and rental growth," he added. " Development completions in China are going to be just the same if not higher than last year, because the projects started a year ago are completing this year, so earnings (from China) are not going to be impacted this year," he added. He opined that some analysts probably strayed on at least two counts - first, domestic consumption in China is " way underestimated" and second, GLP' s mark-to-market treatment for development completions which it terms as value creation is not fully appreciated. For the first time, the consumption and service sector has surpassed 50 per cent of China' s GDP. " Why that is important is because more than 90 per cent of our business is driven by domestic consumption. Going forward, we will see domestic consumption and service industry make up a larger percentage of the economy," he added. Noting that retail sales in China are still growing at 10 per cent from a year ago, Mr Mei pointed out that organised retail - as opposed to mom-and-pop stores - still makes up only 14 per cent of total retail in China, well below other countries. The growing trend of chain stores and e-commerce is driving demand for modern logistics facilities in China. " About 20 per cent of the markets we are operating in China face some over-supply because in the last two years a lot of pension funds have been drawn to the sector, so we slow down development in those markets but we continue to grow in other core markets," he said. Value creation from development projects on completion in China is still expected to be similar to last year due to the work done in prior years. For the year ended March 31, GLP registered a 30 per cent jump in profit after tax and minority interests (Patmi) in China to US$395 million, underpinned by higher fair value gains from development completions and cap rate compression as well as rental growth. Group Patmi (profit after tax and minority interest) was up 48 per cent to US$719 million for fiscal 2016 on the back of higher asset values in China, development completion gains in Japan and GLP' s entry into the US market. GLP has raised its dividend payout every year from three Singapore cents per share in fiscal 2012 to six cents in fiscal 2016. Its three-pronged growth strategy hinges on rental growth from operating assets, value creation from development completions as well as expansion through the fund management platform. Earnings is hence underpinned by rental income from logistics properties, management fee income as well as fair value gains from investment properties. The latter includes revaluation gains from operating assets as well as mark-to-market gains from development projects upon completion. " Analysts, in their reports, talk about the concept of core income and non-core income - the reason being that we develop and recognise the value of capital appreciation of our assets, and so create accounting income. But we don' t sell those assets in the same financial quarter or year. " In a year or two later, we sell these assets into GLP J-Reit and recognise cash profit but there is no accounting profit because the accounting gain was already recognised in the prior year," Mr Mei said. Put simply, " we didn' t get credit the first time, and we didn' t get credit the second time" , he quipped. Another area of concern flagged by analysts has been GLP' s lower target for development starts in fiscal 2017, which can affect earnings growth further down the road when these assets are marked to market upon development completions. Mr Mei agreed that GLP' s fiscal 2017 development targets reflect a more cautious outlook in the markets it is operating in. The group is targeting to start US$2.1 billion of new developments and complete US$1.5 billion of developments in fiscal 2016, it started US$2.8 billion of new developments and completed US$2.1 billion of developments. While the group remains focused on logistics projects, it has two industrial sites in Beijing and Shanghai that could potentially be converted into mixed-use, pending approval from the Chinese authorities. GLP is looking to bring in international partners, from Singapore, Hong Kong or even the US, to co-develop the sites. Same-property NOI growth in China may normalise to about 7-10 per cent after a 10.7 per cent growth in fiscal 2016, but the group expects the Chinese economy to pick up in a year or two from now. There is also room for cap rate compression in China because the yields for logistics facilities are higher than other real estate sectors like office and retail, Mr Mei said. " We see potential cap rate compression in Japan because we see transactions occurring at lower cap rates than what we have on our books," he said, adding that there is a continued healthy supply-demand dynamics for logistics space in Japan. Any further compression of cap rates in markets that GLP operates in bodes well for future revaluation gains. In the US, where supply is still below historical demand, GLP' s logistics assets have many leases inked after the global financial crisis. Hence lease renewals are expected to mark strong rental growth, as seen in the 19 per cent effective rent growth that GLP achieved for renewal leases in fiscal 2016. As for Brazil, Mr Mei posited: " I think we have seen the worst in Brazil, so things will pick up."   " Even though we are slowing down investments in some markets where we see oversupply because a lot of capital has been flowing into those cities and into the sector, we continue to expect earnings growth in our China business this year despite the slowdown." Global Logistic Properties group CEO Ming Z Mei * This article was published in The Business Times on 20 Jun 2016 and is reproduced here with permission in its entirety. Source: Business Times |
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sgng123
Supreme |
25-Jun-2016 19:58
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Think 1.50 might hit soon, market very bearish plu uk intend to drag out brexit while infighting who gona be new pm. Existing pm would not sign off brexit waiting to let the new pm to do dirty job. Drama would drag out with stock market falling and wild swing in pound. It gona messy divorce from eu |
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Qanghoo
Supreme |
24-Jun-2016 20:24
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If got will be good.  For me, wld be real value.  I think it almost got there a few mths ago. 
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moron101
Supreme |
24-Jun-2016 20:22
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Waiting at 1.50.. | ||||
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