Global Logistic Properties Ltd - OCBC Investment 2017-04-03: Update on strategic review

Global Logistic Properties Ltd - OCBC Investment 2017-04-03: Update on strategic review GLOBAL LOGISTIC PROP LIMITED MC0.SI

Global Logistic Properties Ltd - Update on strategic review

  • GLP recently provided an update on its strategic review of options for the group’s businesses.
  • After the group’s last announcement that the Special Committee was in discussions with several shortlisted parties following its evaluation of non-binding proposals received, GLP now indicates that these parties have commenced the due diligence process. 
  • While the share price continues to hover near a 2-year high, we highlight GLP has emphasized that there is no assurance any transaction will materialize from this strategic review. Again, we see the risk-reward in its shares as fairly balanced at current levels. 
  • Maintain HOLD with an unchanged FV estimate of S$2.87.




Eli Lee OCBC Investment | http://www.ocbcresearch.com/ 2017-04-03
OCBC Investment SGX Stock Analyst Report HOLD Maintain HOLD 2.870 Same 2.870



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