Yes, I also added a few more lots but the price went further down! Scarry, eh? But in this case, I believe that those willing to be patient will be rewarded. Already the 9M earnings have exceeded annual earnings for all the previous years. When the FY results come out in May, we should see a surge in share price as people discover its positive FCF.
According to reports - GLP share price falls as many investors were concerns over the weakening of Chinese Yuan and this in turn may have a negative impact (on its' earning) from any proposed China deals. Nomura, maintained "neutral" rating on GLP, TP at S$2.84. The weakening Yuan may be one reason why GLP has been underperformance since mid-February.
I guess that's why GLP made a huge investment into logistics warehousing properties in Brazil, as a form of diversification. But its primary focus is still very much China, and I guess it just have to roll with the punches. This stock appears to have pretty high beta, so I expect the volatility to be high in this market.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yamiyugi
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Posted by yamiyugi > 2014-03-17 14:37 | Report Abuse
why suddenly drop so much? anyone knows?