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Revisions

GLP remains attractive despite potential headwinds

Broker's Calls

GLP remains attractive despite potential headwinds

Michelle Zhu Published on Tue, Aug 16, 2016 / 9:30 AM GMT+8

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SINGAPORE (Aug 16): DBS Vickers Securities is maintaining its “buy” call on Global Logistic Properties (GLP) at a target price of $2.47.

The global provider of modern logistics facilities recently posted 1Q17 earnings of US$203 million ($273 million) for 1Q17, 24% lower than US$268 million a year ago on forex losses and lower revaluation gains.

(See: GLP’s 1Q earnings falls 24% to US$203 mil on forex losses, lower revaluation gains)

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