Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Equity Bottom-Up

Global Logistic Properties / Equity Bottom-Up

<p><em>Q2 results strong, but uneventful:</em> This morning in Singapore <a href="https://www.smartkarma.com/entities/2894" target="_blank" data-smartkarma-citation="entities:2894:1">Global Logistic Properties Ltd (GLP SP)</a> reported the company's Q2 (September) results. The P&amp;L looks good, with revenue, EBIT (excluding re-valuation gains), and PATMI (excluding re-valuation gains) up 13%, 51%, and 44% Y/Y, respectively. A doubling of the contribution from JVs and associates (US$71 mn vs US$34m a year ago) was partially offset by a small FX loss (booked under 'net finance costs'). Our initial sense is that there are…</p>

Q2 results strong, but uneventful: This morning in Singapore Global Logistic Properties Ltd (GLP SP) reported the company's Q2 (September) results. The P&amp;L looks good, with revenue, EBIT (excluding re-valuation gains), and PATMI (excluding re-valuation gains) up 13%, 51%, and 44% Y/Y, respectively. A doubling of the contribution from JVs and associates (US$71 mn vs US$34m a year ago) was partially offset by a small FX loss (booked under 'net finance costs'). Our initial sense is that there are…

GLP Q2 Review and More Thoughts on a Rumored Deal; What Is GLP Worth to an Acquirer? To a Seller?

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

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Equity Capital Markets

<p>GLP J-REIT plans to raise USD 300mn to fund its acquisition of four properties from GLP. This is the third placement since its listing in December 2012.</p><p>Along with the acquisition, the company revised its forecast. It is expecting DPU to improve 6.6% for the period ending on 28th February 2017. The deal also scores well on our framework mainly due to strong earnings momentum.</p><h2>Placement Specifics</h2><ul>
<li>Company Name: GLP J-Reit</li>
<li>Ticker: 3281 JP Equity</li>
<li>Primary placement - Settlement is longer than normal, with…</li>
</ul>

GLP J-REIT plans to raise USD 300mn to fund its acquisition of four properties from GLP. This is the third placement since its listing in December 2012.Along with the acquisition, the company revised its forecast. It is expecting DPU to improve 6.6% for the period ending on 28th February 2017. The deal also scores well on our framework mainly due to strong earnings momentum.Placement Specifics
Company Name: GLP J-Reit
Ticker: 3281 JP Equity
Primary placement - Settlement is longer than normal, with…


GLP J-REIT Placement - A Large but Accretive Acquisition

Japan

GLP J-REIT is a real estate investment trust (REIT). The company invests mainly in logistics facilities and related real estate properties.

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GLP J-REIT (3281 JP)

GLP Q2 Review and More Thoughts on a Rumored Deal; What Is GLP Worth to an Acquirer? To a Seller?

Q2 results strong, but uneventful: This morning in Singapore Global Logistic Properties Ltd (GLP SP) reported the company's Q2 (September) results....

Daniel Hellberg

GLP J-REIT Placement - A Large but Accretive Acquisition

GLP J-REIT plans to raise USD 300mn to fund its acquisition of four properties from GLP. This is the third placement since its listing in December...

Zhen Zhou, Toh

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52-week Range

Market Cap (USDm)

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