GLP

GLP: Rectified Pere's news article on 24 Sep titled "GLP launches its first China real estate fund", that the group has not entered into any binding agreement pursuing the initiative. Pere is a global paid-news service for private equity real estate professionals. GLP did state the group's on-going reviews on various initiatives to strengthen the group's position, being the leading logistics facility provider in its operating countries, which also included the potential establishment of a fund management platform in China. CLSA view the setup of a China fund being an exit vehicle for China assets as a catalyst in the medium term. GLP remains a favorite amongst the street, with 12 Buys, 3 Holds and 2 Sells. We too, continue to see value in keeping GLP as a constituent in our model Growth portfolio. Recent selected brokers' ratings as follows: CLSA reiterates Conviction Buy with TP $3.40 DBS Vickers maintains Buy with TP $3.31 JP Morgan reiterates Overweight with TP $3.15 Credit Suisse maintains Outperform with TP $3.15