GLP's prospects brighter than what analysts think

Group CEO Ming Z Mei allays fears that a slowdown in the company's key China market will hurt its financial performance.

Mon, Jun 20, 2016 - 5:50 AM

Lynette Khoo

Mr Mei points out that organised retail - as opposed to mom-and-pop stores - still makes up only 14 per cent of total retail in China, well below other countries. The growing trend of chain stores and e-commerce is driving demand for modern logistics facilities in China.

GLOBAL Logistic Properties Limited (GLP) may well be a misunderstood stock, as far as its risk profile and accounting treatment are concerned.

Amid worries over a slowdown in its key market China, group CEO Ming Z Mei said the group is still slated to achieve strong profits from...