strategic review

Broker's Calls

GLP’s potential privatisation could be ‘strategic move’ for further asset control

SINGAPORE (Dec 2): UOB Kay Hian is maintaining its “buy” recommendation on Global Logistic Properties (GLP) with an unchanged target price of $2.40.

GLP says JPMorgan appointed to undertake strategic review

SINGAPORE (Dec 2): Global Logistic Properties (GLP) has acknowledged that it is undertaking strategic review following a request from its largest shareholder, GIC Real Estate, and has appointed JPMorgan as a financial adviser to assist in the review.

Broker's Calls

Strategic review puts Cambridge Industrial on hold

SINGAPORE (Oct 27): Cambridge Industrial Trust’s (CREIT) portfolio repositioning for the current downturn is leading DBS to maintain its “hold” call with a target price of 54 cents.

Hot Stock

Poh Tiong Choon shares tumble; triggering SGX query

SINGAPORE (Sept 26): Shares of Poh Tiong Choon Logistics fell sharply on Monday, triggering the Singapore Exchange to query the company for the unusual price movement.

Cacola to focus on luxury furniture market, proceed with rights issue

SINGAPORE (Sept 22): Cacola Furniture International will be embarking on a number of new measures to drive growth in  its furniture manufacturing business, following an extensive review of its operations.

Broker's Calls

Cambridge Industrial Trust to see lower rent reversions

SINGAPORE (July 26): DBS Group Research has maintained its “hold” recommendation for Cambridge Industrial Trust, with a raised target price from 56 cents to 60 cents, after CIT reported its earnings for 2Q16 on Friday.
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