Singapore Stock Market News

Lippo Malls Indonesia Retail Trust - Higher cost and taxes continue to drag

StockFanatic
Publish date: Tue, 07 Aug 2018, 12:09 PM
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■ 2Q/1H18 DPU of 0.59 Scts/1.26 Scts makes up 23%/48% of our FY18 forecast.

■ The lower 2Q NPI margin of 82% was due to higher operating and other expenses.

■ Rental reversions continue to average a positive 4.2% in 2Q.

■ Gearing of 36% provides some debt headroom for new acquisitions.

We upgrade LMRT from Reduce to Hold on valuation with an unchanged TP of S$0.33. Read More
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