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."
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
disf76
Share Price should be at around 70 Cents by mid 2012.
2012-04-09 15:39