Singapore Stock Market News
Global Logistic Properties - Intensifying asset build
StockFanatic
Publish date: Mon, 27 May 2013, 12:38 PM
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4Q13 core net profit was broadly in
line, at 15% of our full-year estimate
and 14% of consensus, taking FY13
core net profit to 95% of our estimate.
We lift our FY14-16 core EPS (+1-5%)
and our SOP-based target price to
factor in a higher asset base in China.
GLP remains an Outperform, with
catalysts from more acquisitions in
China and asset recycling in Japan.
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