Lippo Malls Indonesia Retail Trust rated 'increase exposure' by SIAS

Date: 
2012-02-22
Firm: 
SIAS
Stock: 
Price Target: 
0.61
Price Call: 
BUY
Last Price: 
0.018
Upside/Downside: 
+0.592 (3288.89%)
SIAS Research in a Feb 20 research report says: "LMIRT ended the year with top line within expectation with gross revenue of $136.1 million and NPI of $92.0 million.

"Fair value gains for LMIRT was below our estimates but foreign currency translation gains compensated for this, ending the year with comprehensive income more than doubling prior year's result (2010: $55.3 million vs 2011: $110.8 million). LMIRT's two new acquisitions, Pluit Village and Plaza Medan Fair, had begun producing maiden inflows since they were acquired on Dec 6, 2011.

"LMIRT remains a relatively undervalued counter with a relatively large discount on this counter with a discount to NAV of 35% (over last closing price of 39 cents), and yielding an adjusted average DPU yield of 7.5% for FY 2011. Intrinsic value of 61 cents. MAINTAIN INCREASE EXPOSURE."
Discussions
1 person likes this. Showing 3 of 3 comments

disf76

Share Price should be at around 70 Cents by mid 2012.

2012-04-09 15:39

Hub Trading

The price is too high.

2012-06-06 12:29

hongche

LippoMalls:-
Share is li'll weak in short term!
Last: 0.400
Change: -0.005%
Volume of: 1.228
Price Range may vary: 0.395- 0.400

2012-07-06 13:33

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