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Lippo Malls Indonesia Retail Trust still has room to grow

Samantha Chiew
Samantha Chiew6/28/2017 12:18 PM GMT+08  • 2 min read
Lippo Malls Indonesia Retail Trust still has room to grow
SINGAPORE (June 28): OCBC is maintaining its “buy” recommendation on Lippo Malls Indonesia Retail Trust (LMIRT) with an estimated fair value of 47.5 cents given potential high demand on its latest acquisition.
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SINGAPORE (June 28): OCBC is maintaining its “buy” recommendation on Lippo Malls Indonesia Retail Trust (LMIRT) with an estimated fair value of 47.5 cents given potential high demand on its latest acquisition.

Since OCBC upgraded the LMIRT from “hold” to “buy” in June 7, the REIT has delivered total returns of 45.7%.

On June 21, LMIRT completed its acquisition of Lippo Plaza Kendari (LPK) for about $32.2 million which was financed through the issuance of perpetual securities under its $1 billion Euro Medium Term Securities programme.

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