Mubasher: MubasherTrade Research said it maintains its positive outlook for Gulf Warehousing Co. (GWC), as it kept its Buy/Low risk rating and target price of QAR72.44/share.
GWC is implementing its expansionary plan to increase its built-up area by 60% to 679,650 sqm, stated the research note.
Logistics Village Qatar (LVQ) Phase V will add 54,000 sqm and it is expected to be operational by Q2 2016, while Ras Laffan will add a built-up area of 15,000 sqm—expected to be operational by Q1 2016.
GWC is also focusing on providing logistics services to small- and medium-sized enterprises through its newly initiated warehousing project "Bu Sulba", which is expected to add another 517,000 sqm, of which c.40% is the built-up area.
