1:07 PM
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Goldman Sachs started coverage of Singapore-listed logistics company, Global Logistic Properties (GLP) (GLPL.SI), with a buy recommendation and set a 12-month price target of $2.34. By 10:20 A.M., GLP shares were up 1% at $1.865. The stock fell 13% since the start of last year. Goldman Sachs said GLP’s size and depth of its network in China and Japan displayed key competitive advantages.
Singapore Stock Market Updates
Singapore shares were higher at midday on Friday with the Straits Times Index gaining 14.10 points, or 0.50 per cent, to 2,825.30. On a turnover of $834 million, a total of 746.6 million shares were traded where gainers outnumbered losers 176 to 108.
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