Global Logistic Properties: DBSV initiates at Buy with $2.76 target. Says GLP offers a compelling invmt opportunity into the logistics facilities space. Growth drivers include,
i) strong organic expansion and potential value extraction by monetizing its assets via listed vehicles,
ii) acquisitions given its low estimated gearing of 0.19x for FY11
iii) redevelopment of selected centrally located properties in Japan and China.
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