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Global Logistic
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grhu8175
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31-Jul-2015 09:56
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basically they will be forcing auditors to give more details on their audit on valuation of assets... this will force companies to be more careful, divulge more details and maybe forced to write down their assets to prevent people from picking their bones like what happened to Noble. |
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HESOPJ
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31-Jul-2015 09:51
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can shine me some light on the asset valuation part from ACRA?
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Heero78
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31-Jul-2015 09:41
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stupid ACRA..sg50 do this kind of thing...
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halleluyah
Supreme |
31-Jul-2015 09:32
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RE-ENTER 2.42 after sold all recently run up...gd results + dividend 0.055 |
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tkc_drew
Member |
31-Jul-2015 09:19
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i hope i don' t have to collect more. :( Looks like sinking |
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central
Senior |
31-Jul-2015 09:18
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stocks market all are trap. 
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grhu8175
Member |
31-Jul-2015 09:15
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I guess might be due to China and the new ruling by Singapore ACRA that might trigger a write down in assets valuation... not to mention the 46pts plunge of the STI |
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Heero78
Veteran |
31-Jul-2015 09:01
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really dun understand |
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FATABA
Supreme |
31-Jul-2015 08:33
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Great results and a good dividend..wow more to come over the next 6 mths.
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WanSiTong
Supreme |
31-Jul-2015 07:48
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GLP' s 1Q earnings surge 49% to US$268 mil July 31, 2015 : 7:33 AM GLP' s earnings surged 49% to US $ 268 million ($ 368.6 million) in the first quarter ended June 30, 2015, from US $ 179 million in the previous corresponding quarter. Its revenue also jumped 12% to US $ 190 million from US $ 169 million a year earlier. The positive results were underpinned by higher asset values, development gains and the continued expansion of GLP' s fund management platform, the logistics services provider says. Meanwhile, in China, GLP' s earnings were up 50% year-on-year, driven by US $ 98 million of development and fair value pre-tax gains. To " better" reflect the increased uncertainty in China, GLP says it has taken a more prudent approach by lowering its development targets in China for FY16. Nevertheless, GLP CEO Ming Z. Mei says: " Our long term outlook for China remains positive and we expect to be able to ramp up development activity in accordance with demand." GLP ended higher at $ 2.50 on July 30 after rising 2 cents or 0.8%. |
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tkc_drew
Member |
30-Jul-2015 19:12
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@buysellbuysell - i am also waiting for 2.65 but we will see. (> .< )' ' |
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buysellbuysell
Master |
30-Jul-2015 19:05
Yells: "someone please sell down low so that others can buy low" |
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tp $2.8x for this counter GLP. dividend of $0.055 even at $2.65 is around ~2.07% now GLP is ~$2.50 put your lazy money in the bank is ~0.02% or ~0.0002 per $10000 example is $2 per $10000 deposit. http://singapore.deposits.org/savings-accounts/ tomorrow probably is the last day before ex-div on 3rd aug. |
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tkc_drew
Member |
30-Jul-2015 18:07
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Invested at 2.48 and 2.56. And thoughts on what will happen tomorrow? |
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scage11
Member |
29-Jul-2015 13:27
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FATABA
Supreme |
29-Jul-2015 12:50
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Definately ...global financial volatility aside....GLP strategy and plans for growth over 4 major countries are solid ( USA, CHINA, Japan, Brazil ) Look at their latest presentation sildes released in SGX website today ....I think its a good presentation. Further with a book value of 2.47 and a dividend payout of 0.055 now ...it is certainly worth considering for long term investment. Do yr own check pls. Happy INvesting.
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scage11
Member |
29-Jul-2015 12:04
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So is this something to cheer about? I really hope so cause I' m vested 
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vivienneteo
Senior |
29-Jul-2015 10:00
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Global Logistic in US$4.55b warehouse deal , making it 2nd-largest owner of US industrial real estateSEATTLE (BLOOMBERG) - Global Logistic Properties Ltd., whose biggest shareholder is Singapore sovereign wealth fund GIC, agreed to buy more than 200 warehouses from Industrial Income Trust Inc. for US$4.55 billion. The deal will make it the second-largest owner of US industrial real estate. In its second American acquisition this year, Singapore-listed GLP will purchase assets that comprise 58 million square feet (5.4 million square metres) in 20 major markets, including Los Angeles, Washington and Pennsylvania, GLP said in a statement on Wednesday. The deal will increase GLP' s US assets by 50 per cent to 173 million square feet, and the company will surpass Duke Realty Corp. to be the country' s second-biggest owner of industrial real estate, after Prologis Inc. GLP said it plans to provide US$1.9 billion of equity for the purchase with cash on hand and existing credit lines. The transaction is being done at a capitalization rate of 5.6 per cent, the company said. Cap rates are a measure of investment yield used by real estate companies. US warehouses are attracting investors as Web commerce helps drive demand for the storing and transporting of goods. Prologis in April teamed with Norway' s sovereign wealth fund for a US$5.9 billion purchase of US industrial properties and related assets. GLP said it expects to own 100 per cent of the assets when the deal with Industrial Income Trust closes, expected by Nov. 16, and reduce its stake to 10 per cent by April by selling part of its interest to institutional investors. The company will continue to operate the properties. The warehouses being acquired are 93 per cent leased on average, and have a weighted average lease expiration of almost five and a half years, GLP said. GLP entered the US warehouse market in February, with the US$8.1 billion purchase of IndCor Properties Inc. from Blackstone Group. The deal was done jointly with Singapore sovereign wealth fund GIC, GLP' s largest shareholder. While industrial vacancies are at their lowest in at least 15 years, that has yet to translate into " consistently large" rent growth as the supply of new buildings grows, Bradley Doremus, an associate at property-research firm Reis Inc., said in a July 15 report. Vacancies at US warehouse and distribution centers fell to 10.8 per cent in the second quarter from 11.3 percent a year earlier, while rents after landlord discounts rose 2.5 per cent, according to Reis. |
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KiLrOy
Elite |
28-Jul-2015 21:29
Yells: "I buy only what I can see." |
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Second bounce akan datang~ |
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KiLrOy
Elite |
27-Jul-2015 21:39
Yells: "I buy only what I can see." |
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Sub 2.50 haha~ be patience lah. |
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halleluyah
Supreme |
27-Jul-2015 14:35
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Wait fr re entry....patience.... |
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