UOB Kay Hian has begun scope of Global Logistic Properties (GLP) with a "purchase" call and target cost of $2.40, refering to its change into a benefit light model.
Lead expert Derek Chang noticed that the change could see valuation inflatable to $4.25 per share.
By setting up pay assets or REITs to monetise its China and Japan resources, GLP could facilitate open esteem, includes the expert.
That could develop resources under administration (AUM) by US$30.8 billion ($44 billion) in the following five to 10 years.
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