Credit Suisse has initiated Mapletree Logistics Trust (M44U.SG) at “outperform”, setting 98 cents target price, reported Dow Jones Newswires. Broker says logistics REIT offers good growth prospects; “we view it as a proxy to Asian logistics real estate with strong growth potential through acquisitions and developments.”
Posts Tagged ‘logistics’
Mapletree Logistics Trust rated reduce
February 10th, 2010 |
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Nomura Research in a Feb 10 research report says: “Valuers of MLT have adopted an upbeat stance on the group’s portfolio (adopting cap rates of 6.5% for its Singapore assets), although valuation risks, in our view, remain to the downside.
Silverlake Axis bags cards & logistics solutions contracts in China for $70m
February 9th, 2010 |
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Silverlake Axis has secured two new contracts in China for a total value of $70 million to provide cards (credit, debit and loyalty cards) and logistics IT solutions to HNA Group Co.
In the cards agreement, Silverlake Axis will grant the HNA Group a perpetual licence to use its card-processing software as well as implement and provide application support services for a period of five years for a total contract value of $20 million.
BBR Holdings unit wins $42m contract to build Phase 1 of Yang Kee Logistics Chemical Hub at …
February 8th, 2010 |
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BBR Holdings (S), the specialist engineering group, has secured a $42 million contract from Yang Kee Holdings to construct Phase 1 of the Yang Kee Logistics Chemical Hub at Jurong Pier.
The design-and-build contract was clinched through its wholly-owned subsidiary, Singa Development. Work on the five-storey warehouse building with drive-up ramps serving each floor has already begun and is scheduled to be completed in early 2011.
Hengyang Petrochemical Logistics to co-develop jetties, storage facilities in Chongqing …
February 2nd, 2010 |
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Hengyang Petrochemical Logistics says the company has entered into an agreement with Chongqing Chemical Park Development Co. to develop petrochemical jetties, storage facilities in the chemical park.
Mapletree Logistics Trust rated buy
January 25th, 2010 |
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DBS Vickers Securities in a Jan 22 research report says: Mapletree Logistics Trust (MLT) reported 4Q09 results in line with expectations. Gross revenues and net property income came in relatively stable at $50.8 million (-3.1% y-o-y, flat q-o-q) and $44.9 million (-0.4% y-o-y, +2% q-o-q) respectively.
Mapletree Logistics Trust acquires CEVA warehouse in Changi for $34m for lease back
January 22nd, 2010 |
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Mapletree Logistics Trust says it has signed a conditional Sale & Purchase Agreement with supply chain management company CEVA to acquire a warehouse in Changi South for $34 million. Completion of sale is expected within 1Q FY2010.
15 Changi South Street 2 consists of a fully air-conditioned five-storey warehouse facility with ancillary offices and basement carpark. It will have a GFA of 23,176 sqm and is on leasehold land expiring in October 2044.
Mapletree Logistics Trust acquires CEVA warehouse in Changi for $34m for lease back
January 22nd, 2010 |
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Mapletree Logistics Trust says it has signed a conditional Sale & Purchase Agreement with supply chain management company CEVA to acquire a warehouse in Changi South for $34 million. Completion of sale is expected within 1Q FY2010.
15 Changi South Street 2 consists of a fully air-conditioned five-storey warehouse facility with ancillary offices and basement carpark. It will have a GFA of 23,176 sqm and is on leasehold land expiring in October 2044.
CWT in talks for sale, leaseback of logistics facilities
December 17th, 2009 |
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CWT is in confidential discussions regarding a proposed sale and leaseback of its logistics facilities, it said in a statement responding to a query from the Singapore stock exchange today. It also said that no definitive agreements have been reached or approvals obtained.
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