Lippo Malls Indonesia Retail Trust (LMIRT)

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.


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

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

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.


LMIR Trust reports 24.7% fall in 1Q DPU to 0.67 cent on weakening rupiah, new tax

SINGAPORE (May 4): The manager of Lippo Malls Indonesia Retail Trust (LMIR Trust)  reported a 24.7% fall in DPU to 0.67 cent for 1Q18 ended March, compared to 0.89 cent a year ago.

Broker's Calls

LMIRT downgraded on higher tax expense, weaker rupiah

SINGAPORE (Apr 13): CIMB is downgrading Lippo Malls Indonesia Retail Trust (LMIRT) to “reduce” from “hold” with a lower target price of 33 cents.


New tax regulations in Indonesia could impact LMIRT

SINGAPORE (Apr 12): Lippo Malls Indonesia Retail Trust (LMIRT) on Wednesday announced that the Indonesian government has passed certain amendments to the regulations regarding payment of income tax