CWT expands warehouse portfolio with 2 projects

Its warehouse space in Singapore estimated at S$800m.

According to OCBC Investment Research, CWT is currently developing two warehouses in Singapore – the Cold Hub 2 (TOP: 1Q2014) and Toh Guan Road East (TOP: 4Q2013). Upon completion, its owned warehouse space in Singapore would increase by more than 50%, bringing about higher revenue from warehouse rentals and other logistics services.

Here's more:

Including the two warehouses under construction, CWT owns more than 6m sqft of warehouse space, estimated to be worth around S$800m.
Given its track record of monetizing its assets into REITs, future disposal gains cannot be ruled out.

Commodity SCM to drive growth
We also expect the recently acquired Commodity SCM business to scale up quickly, taking advantage of the group’s strong global logistics network and reputation as an established commodity collateral manager.

Besides purely arranging logistics services for other companies, it now aims to earn a spread by purchasing physical commodities (e.g. copper and zinc) from the producers (e.g. mines) before selling them to the consumers (e.g. smelters).

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