Lippo Malls Indonesia Retail Trust (LMIRT)

REITs

LMIRT will pay distributions for its $120 mil 6.6% perpetual securities; deposits $4.0 mil with Citibank for coupon payment

The manager of Lippo Malls Indonesia Retail Trust (LMIRT) has announced Monday that it will be making the distribution payment according to the terms and conditions of the perpetual securities.

REITs

REITs have had a good run, yield compression may have come to an end

(Nov 18): Yields on 10-year Singapore Government Securities have been rising, albeit gently from a low base (see Chart 1). Similarly, yields on 10-year US Treasuries are also rising, from a low of 1.4% in September to 1.945% as at Nov 11 (see Chart 2). On

In print this week

SGX explains why Singapore is Asia's largest global REIT platform

(May 6): On March 27, during Manulife US Real Estate Investment Trust’s Investor Day event, Ronald Tan, director of Equity Capital Market at the Singapore Exchange, asked the audience a few questions. It was to gauge the public’s reception to various

Management & Corporate Governance

After Hyflux fall, Singapore debt buyers scrutinise these firms

(Apr 26): The collapse of Singapore’s water treatment firm Hyflux has increased investor scrutiny over other debt-laden companies that have sold bonds in the local currency.

Results

LMIR Trust posts 18% drop in 1Q DPU to 0.55 cents

SINGAPORE (Apr 22): The manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) has announced distribution per unit (DPU) of 0.55 cent for the 1Q19 ended March, some 17.9% lower than DPU of 0.67 cent a year ago.

In print this week

LMIRT, First REIT under pressure as acquisitions loom

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).

Lippo Karawaci secures US$1.01 bil for recapitalisation; sells mall to LMIRT

SINGAPORE (Mar 12): PT Lippo Karawaci Tbk, the Indonesian property developer controlled by the billionaire Riady family, has secured US$1.01 billion ($1.37 billion) to recapitalise the company.

Corruption probe

Contagion fears from Lippo probe spread to Singaporean bonds

(Nov 26): An investigation into troubled Indonesian property developer PT Lippo Karawaci, controlled by Southeast Asia’s billionaire Riady family, is reverberating in the Singapore bond market.

In print this week

Smaller club this year, but with new entrants

SINGAPORE (Sept 21): There are quite a number of new entrants to The Edge Billion Dollar Club 2018 rankings this year, as more companies became eligible for scoring.

Broker's Calls

LMIRT kept at 'reduce' as it suffers drag from higher costs and taxes

SINGAPORE (May 7): CGS-CIMB Securities is maintaining its “reduce” call on Lippo Malls Indonesia Retail Trust (LMIRT) with a target price of 33 cents.
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