Global Logistic Properties Ltd (SGX:MC0) HEFFX Highlights

Global Logistic Properties Ltd (SGX:MC0) HEFFX Highlights

Global Logistic Properties Ltd (SGX:MC0) HEFFX Highlights

  • Nesta Investment, the Chinese consortium making a SGD16bn (€9.96bn) bid for Global Logistic Properties (GLP), announced today that it intends to expand GLP into new markets, potentially in Europe.
  • In its first public statement on future plans for GLP, Nesta said it has plans to increase the company’s fund management business.
  • GLP, which has US$39bn (€33bn) in assets under management in the US, China, Japan and Brazil, said it could potentially expand into Europe.

Global Logistic Properties Limited (GLP) is a Singapore-based investment holding company. The Company is engaged in the provision of distribution facilities and services. The Company owns, manages and develops logistics facilities. The Company’s segments include PRC, Japan, Brazil, US and Others. Its property portfolio encompasses approximately 50 million square meters of logistics facilities across China, Japan, the United States and Brazil. The Company offers solutions, such as multi-tenant facilities, build-to-suit development, and sale and leaseback. The Company serves customers, including various manufacturers, retailers and third-party logistics companies. The Company’s subsidiaries include GLP Japan Investment Holdings Pte. Ltd., Japan Logistic Properties 1 Private Limited, Japan Logistic Properties 2 Pte. Ltd., Japan Logistic Properties 3 Pte. Ltd., GLP Light Year Investment Pte. Ltd., Japan Logistic Properties 4 Pte. Ltd. and Shanghai Jingxi Business Consulting Co., Ltd.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

The projected upper bound is: 3.52.

The projected lower bound is: 2.97.

The projected closing price is: 3.25.

GLOBAL LOG PROP closed up 0.020 at 3.240. Volume was 41% above average (neutral) and Bollinger Bands were 53% narrower than normal.

Open       High       Low        Close       Volume
3.220      3.240      3.210      3.240      22,394,200

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period           50-period         200-period
Close:                       3.28                    3.06                   2.67
Volatility:                11                         59                       39
Volume:                   18,986,234       20,536,306       18,505,082

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

GLOBAL LOG PROP is currently 21.5% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of GLPL.SI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GLPL.SI and have had this outlook for the last 18 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 21.0526. This is not an overbought or oversold reading. The last signal was a buy 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.56. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 5 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -119.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 15 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 7 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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