GLP

GLP: Forbes published an article on GLP highlighting it as a proxy for a pure-play on China’s growing logistics infrastructure segment. They cited Goldman which projected growth at 20% if development targets are met. GLP is also geared to trends of rising consumption in China, growing logistics outsourcing and shortage of warehousesOther bullish reports included in the article were Mizuho with TP$2.50 with a view that the logistic mkt in China was growing extraordinarily due to an expanding industrial base and the rise of local consumers, as well as Daiwa, which cited a growth rate of 16% in logistics from 2005-2010. While the article does not highlight anything new, this might stir further interest or put GLP on the radar of foreign investors. Co currently trades at P/B of 1.0x