Singapore Stock Market News
Global Logistic Properties - Robust leasing demand
StockFanatic
Publish date: Fri, 30 Oct 2015, 06:00 PM
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
■ 2QFY3/16 EPS slightly below, accounting for 18% of our FY16 estimate.
■ China operations benefited from new-builds and rent growth; more completions in 2H.
■ Weak currency continues to be a drag on Japan earnings on translation.
■ Strong performance in the US while Brazil impacted by lower asset values.
■ Maintain Add with a lower RNAV-based target price of S$3.18.
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