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FATABA Supreme	07-Mar-2017 20:11        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Thks Joshlai..... ​ Beside the highlight ...which we are all VERY interested that GLP is for sale as a WHOLE. ( which is expected or GIC wld not be interested honestly) ​ there is a 2ND important pt which is new now ....ALL have lineup a world class bankers ( see how serious they are / as this is a big deal, and financial backing is very important. ) ​ GLP is certainly getting hotter. Happy investing TanSiBeiKu      ( Date: 07-Mar-2017 18:51) Posted: Thank you for sharing. " While some potential bidders have inquired about buying parts of the operation, the strategic review is focused on the possible sale of the company as a whole." joshlai86      ( Date: 07-Mar-2017 18:46) Posted: https://www.ft.com/content/43a045ac-0244-11e7-ace0-1ce02ef0def9 BNP Paribas has been lined up to finance a bid by a Warburg Pincus-led consortium for the $9bn Singapore-listed warehouse operator, according to two people familiar with the matter, while Blackstone and Chinese dealmaker Fang Fenglei?s Hopu Investment Management have also submitted offers. Hopu?s bid is also backed by Beijing-based fund Hillhouse Capital Management and GLP?s chief executive Ming Mei, according to two other people familiar with the situation. GLP said in December that it would conduct a strategic review aimed at enhancing shareholder value following a request from its biggest investor, the Singapore sovereign wealth fund GIC, which holds a 36.9 per cent stake. GLP appointed JPMorgan to advise on the review.  With a market value of $9bn, a sale of GLP would be the biggest private equity buyout in Asia since US-listed Chinese internet services group Qihoo 360 was acquired in 2015 by a consortium of investors for $9.3bn including debt, at the end of 2015.  Interest in GLP is high because of the scale of its operations, according to a person familiar with the review. GLP is the biggest modern logistics operator in China, with 16.5m square metres of available space it is also market leader in Japan and Brazil and the second-biggest logistics operator in the US.  Citigroup and Morgan Stanley are advising the Chinese consortium, according to two people familiar with the matter. Citi and Morgan Stanley declined to comment. BNP Paribas and Warburg also declined to comment. Both Mr Ming and Mr Fang, who joined the board of GLP after Hopu invested in the logistics company?s Chinese business in 2014, have recused themselves from the strategic review. While some potential bidders have inquired about buying parts of the operation, the strategic review is focused on the possible sale of the company as a whole.  Analysts say GLP is poised to benefit from the growth in ecommerce in China, which accounted for about half of the company?s profit after tax and minority interests in its 2016 financial year.  GLP?s scale means it is able to collect a large volume of data that can be offered to clients, helping pinpoint ideal locations in a city for warehouse operations.  Unlike older Chinese warehouses, its properties have high ceilings and large floor space, a significant advantage for ecommerce retailers keen to stock a wide range of goods that can be delivered quickly to customers
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gopguppy Veteran	07-Mar-2017 20:09        gopguppy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Private equity groups circle Singapore logistics company Global Logistic Properties deal set to be one of Asia&rsquo s most valuable buyouts   Save 7 HOURS AGO by: Jeevan Vasagar in Singapore Competition is intensifying for Global Logistic Properties, one of the world' s biggest logistics companies by warehouse space, in what is potentially one of Asia&rsquo s most valuable private equity buyout deals.  BNP Paribas has been lined up to finance a bid by a Warburg Pincus-led consortium for the $9bn Singapore-listed warehouse operator, according to two people familiar with the matter, while Blackstone and Chinese dealmaker Fang Fenglei&rsquo s Hopu Investment Management have also submitted offers. Hopu&rsquo s bid is also backed by Beijing-based fund Hillhouse Capital Management and GLP&rsquo s chief executive Ming Mei, according to two other people familiar with the situation. GLP said in December that it would conduct a strategic review aimed at enhancing shareholder value following a request from its biggest investor, the Singapore sovereign wealth fund GIC, which holds a 36.9 per cent stake. GLP appointed JPMorgan to advise on the review.  With a market value of $9bn, a sale of GLP would be the biggest private equity buyout in Asia since US-listed Chinese internet services group  Qihoo 360 was acquired in 2015 by a consortium of investors for $9.3bn including debt, at the end of 2015.  Interest in GLP is high because of the scale of its operations, according to a person familiar with the review.  GLP is the biggest modern logistics operator in China, with 16.5m square metres of available space it is also market leader in Japan and Brazil and the second-biggest logistics operator in the US.  Citigroup and Morgan Stanley are advising the Chinese consortium, according to two people familiar with the matter. Citi and Morgan Stanley declined to comment. BNP Paribas and Warburg also declined to comment. Both Mr Ming and Mr Fang, who joined the board of GLP after Hopu invested in the logistics company&rsquo s Chinese business in 2014, have recused themselves from the strategic review. While some potential bidders have inquired about buying parts of the operation, the strategic review is focused on the possible sale of the company as a whole.  Analysts say GLP is poised to benefit from the growth in  ecommerce in China, which accounted for about half of the company&rsquo s profit after tax and minority interests in its 2016 financial year.  GLP&rsquo s scale means it is able to collect a large volume of data that can be offered to clients, helping pinpoint ideal locations in a city for warehouse operations.  Unlike older Chinese warehouses, its properties have high ceilings and large floor space, a significant advantage for ecommerce retailers keen to stock a wide range of goods that can be delivered quickly to customers.  Related article Singapore&rsquo s GIC targets stake in DLF&rsquo s commercial rental unit Move would represent latest big foreign bet on India&rsquo s real estate market GLP&rsquo s two biggest customers in China are Best Logistics, which is partly owned by Alibaba, and JD.com, China&rsquo s second-largest ecommerce platform by sales.  The Singapore-based company also has a growing fund management business based on real estate assets, which one person familiar with the review said would be the &ldquo icing on the cake&rdquo for potential buyers.  However, GLP faces risks from a slowdown in the Chinese economy, as well as growing competition from property developers and even some clients such as JD.com, which are building their own custom-designed warehouses, analysts say.  If the  Warburg bid is successful, it would be the latest in a string of Asian deals for BNP Paribas, which led a group of banks that provided $1.65bn to France&rsquo s CMA CGM to buy Singapore shipping container group Neptune Orient Lines in 2015.  Last year, BNP Paribas led a group of banks that provided &euro 3.2bn to Thailand&rsquo s Berli Jucker, the core retail business of Thai tycoon Charoen Sirivadhanabhakdi, to fund the purchase of hypermarket operator Big C Supercenter from France&rsquo s Casino Group.
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kerier Veteran	07-Mar-2017 18:59        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	thank you for sharing. joshlai86      ( Date: 07-Mar-2017 18:53) Posted: Thanks I wanted to highlight that point but I couldn't do it on mobile.
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joshlai86 Veteran	07-Mar-2017 18:53        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks I wanted to highlight that point but I couldn't do it on mobile.
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TanSiBeiKu Senior	07-Mar-2017 18:51        TanSiBeiKu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank you for sharing. " While some potential bidders have inquired about buying parts of the operation, the strategic review is focused on the possible sale of the company as a whole." joshlai86      ( Date: 07-Mar-2017 18:46) Posted: https://www.ft.com/content/43a045ac-0244-11e7-ace0-1ce02ef0def9 BNP Paribas has been lined up to finance a bid by a Warburg Pincus-led consortium for the $9bn Singapore-listed warehouse operator, according to two people familiar with the matter, while Blackstone and Chinese dealmaker Fang Fenglei?s Hopu Investment Management have also submitted offers. Hopu?s bid is also backed by Beijing-based fund Hillhouse Capital Management and GLP?s chief executive Ming Mei, according to two other people familiar with the situation. GLP said in December that it would conduct a strategic review aimed at enhancing shareholder value following a request from its biggest investor, the Singapore sovereign wealth fund GIC, which holds a 36.9 per cent stake. GLP appointed JPMorgan to advise on the review.  With a market value of $9bn, a sale of GLP would be the biggest private equity buyout in Asia since US-listed Chinese internet services group Qihoo 360 was acquired in 2015 by a consortium of investors for $9.3bn including debt, at the end of 2015.  Interest in GLP is high because of the scale of its operations, according to a person familiar with the review. GLP is the biggest modern logistics operator in China, with 16.5m square metres of available space it is also market leader in Japan and Brazil and the second-biggest logistics operator in the US.  Citigroup and Morgan Stanley are advising the Chinese consortium, according to two people familiar with the matter. Citi and Morgan Stanley declined to comment. BNP Paribas and Warburg also declined to comment. Both Mr Ming and Mr Fang, who joined the board of GLP after Hopu invested in the logistics company?s Chinese business in 2014, have recused themselves from the strategic review. While some potential bidders have inquired about buying parts of the operation, the strategic review is focused on the possible sale of the company as a whole.  Analysts say GLP is poised to benefit from the growth in ecommerce in China, which accounted for about half of the company?s profit after tax and minority interests in its 2016 financial year.  GLP?s scale means it is able to collect a large volume of data that can be offered to clients, helping pinpoint ideal locations in a city for warehouse operations.  Unlike older Chinese warehouses, its properties have high ceilings and large floor space, a significant advantage for ecommerce retailers keen to stock a wide range of goods that can be delivered quickly to customers
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joshlai86 Veteran	07-Mar-2017 18:46        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.ft.com/content/43a045ac-0244-11e7-ace0-1ce02ef0def9 BNP Paribas has been lined up to finance a bid by a Warburg Pincus-led consortium for the $9bn Singapore-listed warehouse operator, according to two people familiar with the matter, while Blackstone and Chinese dealmaker Fang Fenglei?s Hopu Investment Management have also submitted offers. Hopu?s bid is also backed by Beijing-based fund Hillhouse Capital Management and GLP?s chief executive Ming Mei, according to two other people familiar with the situation. GLP said in December that it would conduct a strategic review aimed at enhancing shareholder value following a request from its biggest investor, the Singapore sovereign wealth fund GIC, which holds a 36.9 per cent stake. GLP appointed JPMorgan to advise on the review.  With a market value of $9bn, a sale of GLP would be the biggest private equity buyout in Asia since US-listed Chinese internet services group Qihoo 360 was acquired in 2015 by a consortium of investors for $9.3bn including debt, at the end of 2015.  Interest in GLP is high because of the scale of its operations, according to a person familiar with the review. GLP is the biggest modern logistics operator in China, with 16.5m square metres of available space it is also market leader in Japan and Brazil and the second-biggest logistics operator in the US.  Citigroup and Morgan Stanley are advising the Chinese consortium, according to two people familiar with the matter. Citi and Morgan Stanley declined to comment. BNP Paribas and Warburg also declined to comment. Both Mr Ming and Mr Fang, who joined the board of GLP after Hopu invested in the logistics company?s Chinese business in 2014, have recused themselves from the strategic review. While some potential bidders have inquired about buying parts of the operation, the strategic review is focused on the possible sale of the company as a whole.  Analysts say GLP is poised to benefit from the growth in ecommerce in China, which accounted for about half of the company?s profit after tax and minority interests in its 2016 financial year.  GLP?s scale means it is able to collect a large volume of data that can be offered to clients, helping pinpoint ideal locations in a city for warehouse operations.  Unlike older Chinese warehouses, its properties have high ceilings and large floor space, a significant advantage for ecommerce retailers keen to stock a wide range of goods that can be delivered quickly to customers
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earlybird14 Supreme	07-Mar-2017 16:18        earlybird14 About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The magic number is 2.7 x 10% so around 3 dollars???? The bidders may has commanded houses to collect from them at open market now. So the house try to buy 10% cheaper than offered price. any price higher say no. So explain why price at 2.65-2.7??? May be bidders will adjust in next round counter offer? Who knows but based on price seem like is around 3 dollars
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stlimst Master	07-Mar-2017 16:12        stlimst About Contact  Quote this Post!
x 0   x 0  Alert Admin	I  think someone mentoined here before and I quote " those who want to buy, bought and those who want to sell, sold" . So let' s just let the fund houses jostle around. If you believe the  target proice  of GLP to be around $3.5-$3.7, then just close book and wait for the offer to come, after their due diligence of the value of the company. Happy Investing.
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FATABA Supreme	07-Mar-2017 16:06        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Its not a report. ( sorry if I cause confusion ) ​ Phillip user has a feature " where they provide stock analystics" when u right click on your mouse.... ​ It then offer a one page infor on that sotck ....here is where the consensus TP is shown ( oh I found the date as 7th Mar 2017) ​ There is no detail of the actual houses ( maybe 13 of those analyse) ​ Cant cut and paste here ( sorry ) gopguppy      ( Date: 07-Mar-2017 15:47) Posted: Can we have the link to the Philips website please? joshlai86      ( Date: 07-Mar-2017 13:26) Posted: Because such reports are given based on fundamental analysis. When a counter is under takeover, they can only say hold and wait for details. They can't advise or speculate whether it will happen or not. So the TP that you see is based on last report F
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gopguppy Veteran	07-Mar-2017 15:47        gopguppy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can we have the link to the Philips website please? joshlai86      ( Date: 07-Mar-2017 13:26) Posted: Because such reports are given based on fundamental analysis. When a counter is under takeover, they can only say hold and wait for details. They can't advise or speculate whether it will happen or not. So the TP that you see is based on last report FA deantfy      ( Date: 07-Mar-2017 12:24) Posted: I saw that too, but I also thinking on the same time if TP is 3.7 why only hold instead of buy or outperform? It is kind of contradict
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joshlai86 Veteran	07-Mar-2017 13:26        joshlai86 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Because such reports are given based on fundamental analysis. When a counter is under takeover, they can only say hold and wait for details. They can't advise or speculate whether it will happen or not. So the TP that you see is based on last report FA deantfy      ( Date: 07-Mar-2017 12:24) Posted: I saw that too, but I also thinking on the same time if TP is 3.7 why only hold instead of buy or outperform? It is kind of contradict FATABA      ( Date: 07-Mar-2017 11:43) Posted: Its still on their stock analysis page.....I dont hv the date its state....I guess its the TP og each houses....and then it sum and average them.
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deantfy Member	07-Mar-2017 12:24        deantfy About Contact  Quote this Post!
x 0   x 0  Alert Admin	I saw that too, but I also thinking on the same time if TP is 3.7 why only hold instead of buy or outperform? It is kind of contradict FATABA      ( Date: 07-Mar-2017 11:43) Posted: Its still on their stock analysis page.....I dont hv the date its state....I guess its the TP og each houses....and then it sum and average them.   MekMiRic      ( Date: 07-Mar-2017 11:33) Posted: Thx. btw what is the date of the analysis
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FATABA Supreme	07-Mar-2017 11:43        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Its still on their stock analysis page.....I dont hv the date its state....I guess its the TP og each houses....and then it sum and average them.   MekMiRic      ( Date: 07-Mar-2017 11:33) Posted: Thx. btw what is the date of the analysis? FATABA      ( Date: 07-Mar-2017 11:15) Posted: I didnt notice this ....on Phillip site...stock analysis.....consensence target price ...is 3.729  ( hmm  ) ​ So many of them think will cross $3.50
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MekMiRic Member	07-Mar-2017 11:33        MekMiRic About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Thx. btw what is the date of the analysis? FATABA      ( Date: 07-Mar-2017 11:15) Posted: I didnt notice this ....on Phillip site...stock analysis.....consensence target price ...is 3.729  ( hmm  ) ​ So many of them think will cross $3.50
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FATABA Supreme	07-Mar-2017 11:15        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 1  Alert Admin	I didnt notice this ....on Phillip site...stock analysis.....consensence target price ...is 3.729  ( hmm  ) ​ So many of them think will cross $3.50
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mrwise Supreme	07-Mar-2017 10:18        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	LAI LIAO!!! Offer please!!!
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kerier Veteran	07-Mar-2017 10:04        kerier About Contact  Quote this Post!
x 0   x 0  Alert Admin	finally some positive movements today! :)
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moneyspinner Veteran	07-Mar-2017 09:52        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Guess formal offer should be coming in anytime! 👍
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lynmin0197 Senior	06-Mar-2017 11:54        lynmin0197 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dun think so, it is hoovering between 2.66-2.68 moneyspinner      ( Date: 06-Mar-2017 11:45) Posted: Looks like beginning to move?
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moneyspinner Veteran	06-Mar-2017 11:45        moneyspinner About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like beginning to move?
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