Lippo Karawaci

First REIT's price surge could ready it for acquisitions in Myanmar, China or Japan.

First REIT's unitholders have little choice but to vote a for a restructure despite a dilutive rights issue.

On June 1, Lippo Karawaci (LPKR) announced it wanted to restructure its rental support agreements with First REIT.

According to the Lippo Karawaci, revenues in some hospitals are down as much as 40-50% y-o-y

SINGAPORE (Apr 15): Although stresses at Lippo Karawaci have been alleviated, they remain in other parts of the group, which could put pressure on its Singapore-listed real estate investment trusts (REITs).

SINGAPORE (Dec 13): OCBC Investment Research is maintaining its “hold” call on First REIT with a lower fair value of $1.05 from $1.34 previously, after factoring in various risks pertaining to the REIT’s master leases and portfolio balancing.  

SINGAPORE (Nov 20): Indonesian property developer Lippo Karawaci has expressed regret over a credit downgrade by Fitch Ratings, saying its IDR 6 trillion ($564 million) divestment plan to strengthen capital was progressing smoothly.

SINGAPORE (April 19): OCBC says a price of $1.25 and below would be a more favourable entry point for investors of First REIT as it awaits management to pursue accretive acquisitions during the remainder of the year, supported by its healthy gearing ratio

JAKARTA (Sept 2): Two of Indonesia's wealthiest men said they will participate in a government-led tax amnesty to clear their past omissions, boosting the credibility of the programme.