Monday, March 24, 2014
CWT: Counter surging more than 8% last week after DBSV initiated coverage on the counter, while the counter was also featured on The Edge magazine over the weekend too. CWT’s logistics business to be a key driver going forward, where three new warehouses under construction will raise its total warehouse space by 20%, while earnings are also expected to scale up should CWT diversify its trading portfolio. Based on SOTP, CWT’s warehouse portfolio is valued at abt $1.26 per share, and its combined stakes in Cache Logistics and Cambridge REIT at $0.14 per share. This means investors effectively get CWT’s supply chain management business for free based on current share price.