Case Study: Global Logistic Properties

When companies make the headlines, it usually means a heads-up for investors — take the case of Global Logistic Properties (GLP), which…

Dr. Clemen Chiang
Dr. Clemen Chiang
SGX Stock Code: MC0 / Stock Price: 2.26

When companies make the headlines, it usually means a heads-up for investors — take the case of Global Logistic Properties (GLP), which first made our own headlines as a hot investment profile back in May. At the beginning of this month, GLP became a newsmaker once more as word that a strategic business review of the company was in the works at the behest of its biggest shareholder.

Engaged in the provision of distribution facilities and services, GLP has grown steadily over the years. In 2013, it announced that CLH incorporated Wuxi Pumei Logistics Facilities, and that CLH acquired the remaining 5% in GLP Shanghai International Supply Chain Management. Later that year, GLP sold GLP Hamura, GLP Funabashi III, GLP Sodegaura, GLP Rokko II, GLP Ebetsu, GLP Kuwana and GLP Hatsukaichi to GLP J-REIT. At the same time, it also incorporated three wholly-owned subsidiaries, while its wholly-owned subsidiary, Shimmer Profits Limited had disposed of its entire 50% interest in the Shanghai Yupei Group. Soon afterwards, its indirect subsidiary, CLH incorporated GLP Changsha Puyong Logistics Facilities. At present, Blackrock, Inc. and the PNC Financial Services Group are among GLP’s corporate investors.

Lee Meixian of The Business Times singled out GLP as a stock to watch, and we’re inclined to agree. The Wall Street Journal says the review, which GLP appointed JP Morgan to help them with, could lead to GLP’s sale. The WSJ described GLP as a USD7 billion firm that is the second-biggest owner of warehouses in the US. With such an opportunity in the works, we encourage Spiking app users to keep tabs on GLP, to enable them to receive updates and notifications as events for the company continue to unfold. This kind of real-time information makes it easier for Spiking app users to do their homework on the hottest stocks, and put two and two together as trends among companies or investors come along.

Get more details on Global Logistic Properties at Spiking is hard at work on its latest version upgrade that will feature AI-suggested stock picks, and options for trading in 10 stock markets in eight countries. You’ll soon be able to start trading like a blue whale, even as we start to introduce in-app trading via collaborations with brokerage houses.

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