Ascendas India trust AR 2017
Ascends India trust AR 2017 High level summary Straightforward rental business (REIT) in a fast growing country and industry. There is a strong business trend among US MNC banks to outsource their operations and IT services to India as the cost of the staff is very cost competitive. In fact, there are increasing manpower and staff count in India teams as the banks undergo cost restructuring. Due to the streamlining of GST, logistics industry in India is also another potential growth sector, as companies seek to consolidate their warehousing into specific hubs. Moat of the business Not anyone can simply open shop next door and lure tenants to another location Cheapest outsourcing destination allows the REIT to capture ever increasing market share. With improvement in technology, almost any work can be digitalised and sent to India for action. Utilise tenant engagement to keep the employees satisfied and result in supposcally lower e...