GLP: Signed new and expansion lease agreements totalling 136k sqm in its China portfolio. Agreements were signed with online retailer Joyo-Amazon, supermarket group CR Vanguard, casual apparel distributor Metersbonwe, all of which are some of the largest in their industries as well as other customers...
Co owns, manages and leases out 296 completed properties in 122 logistics parks spread across 25 major cities in China and Japan and recent results (1st set since listing) were generally within expectations. Counter currently trades at P/B of 1.0x and JPM rates it a Buy TP$2.90 based on SOTP valuations.
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