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Overview of Lippo Malls Trust
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laksaman57
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11-Apr-2020 13:25
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0.08 
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lawrence83
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09-Apr-2020 22:27
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If drop to below 0.10, may bought a few lot for gamble.
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onegun
Member |
09-Apr-2020 22:17
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nothing wrong. read the coronavirus news from Indonesia then you will know
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vivacious
Supreme |
09-Apr-2020 20:24
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almost wanted to enter at 104....went for a break and saw it plunge to 102. | ||||
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johnng
Supreme |
09-Apr-2020 19:44
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something is wrong here when all the reits are going-up | ||||
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vivacious
Supreme |
09-Apr-2020 13:46
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actually looks damn tempting | ||||
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lawrence83
Senior |
08-Apr-2020 19:12
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I feel like buying in but then worry it may end up like EHT. | ||||
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vivacious
Supreme |
08-Apr-2020 13:45
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i think below 8c liao
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Starship
Supreme |
08-Apr-2020 13:16
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" It also expects LMIRT to defer interest payments on its perpetual securities and dividend distribution to conserve cash." 
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vivacious
Supreme |
08-Apr-2020 12:18
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below 0.01 can buy | ||||
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Joelton
Supreme |
08-Apr-2020 11:28
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Fitch Ratings cuts LMIRT outlook to negative due to coronavirus impact TUE, APR 07, 2020 - 11:01 AM FITCH Ratings has lowered its outlook on Lippo Malls Indonesia Retail Trust' s (LMIRT) long-term foreign-currency issuer default rating to negative from stable due to the coronavirus outbreak. The negative outlook is based on an expectation the pandemic will impact operating earnings, with average occupancy rate dropping to around 50 per cent in 2020, Fitch Ratings said on Monday. It also affirmed the mainboard-listed retail real estate investment trust' s long-term senior unsecured rating at BB. " LMIRT has headroom for coverage to weaken without significantly exceeding the negative rating sensitivity for a prolonged period," Fitch Ratings said, adding that the temporary closures of LMIRT' s shopping malls and retail spaces will lead to an estimated 50 per cent decline in revenue and 60 per cent drop in Ebita (earnings before interest, taxes and amortisation) for 2020. This is compared with about 20 per cent revenue growth and 5 per cent Ebita growth in 2019. Fitch Ratings said this scenario assumes the pandemic will persist in the second quarter of 2020 followed by a slow recovery. Meanwhile, it said LMIRT' s cash flow would be further pressured by depreciation of the Indonesian rupiah, something Moody' s Investors Service also noted when it similarly downgraded its outlook on LMIRT to negative from stable. Liquidity-wise, Fitch Ratings said LMIRT' s end-2019 cash balance of S$110 million was enough to cover S$75 million worth of bonds maturing in June 2020. It also expects LMIRT to defer interest payments on its perpetual securities and dividend distribution to conserve cash. " LMIRT' s next significant maturities are S$175 million term loans due in August 2021, which provides the company with sufficient time to refinance by loans or bonds once the market improves," Fitch Ratings added. Units of LMIRT were up 0.1 Singapore cent or 1 per cent at 10.6 cents as at 10.39am on Tuesday. https://www.businesstimes.com.sg/companies-markets/fitch-ratings-cuts-lmirt-outlook-to-negative-due-to-coronavirus-impact |
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uiop1223
Supreme |
05-Apr-2020 21:08
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Long term is very vague. I know of retailers who bought medtec during SARS and manage to break even 17 yrs later when covid-19 happens | ||||
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radeon
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05-Apr-2020 20:55
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If buy Lippo for long term. can?? | ||||
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Joelton
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01-Apr-2020 10:12
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Covid-19: LMIRT to close all malls, retail spaces in Indonesia for 2 weeks
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uiop1223
Supreme |
01-Apr-2020 09:37
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No need run. Didnt short. No movt or vol leh | ||||
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lorann
Senior |
01-Apr-2020 08:25
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Run for your life | ||||
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uiop1223
Supreme |
01-Apr-2020 05:18
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SHORT | ||||
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laksaman57
Supreme |
31-Mar-2020 23:39
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HABIS | ||||
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Starship
Supreme |
31-Mar-2020 15:51
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LMIRT to close all malls, retail spaces in Indonesia for 2 weeks TUE, MAR 31, 2020 - 1:47 PM LIPPO Malls Indonesia Retail Trust (LMIRT) will close its entire portfolio of 23 malls and seven retail spaces in Indonesia from April 1 for a minimum of two weeks, it said in a bourse filing on Tuesday. The closure period may be extended if the Covid-19 situation worsens in Indonesia, the trust added. https://www.businesstimes.com.sg/companies-markets/covid-19-lmirt-to-close-all-malls-retail-spaces-in-indonesia%C2%A0for-2-weeks |
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Joelton
Supreme |
27-Mar-2020 09:33
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LMIRT closes 11 Indonesia malls to curb coronavirus spreadTHU, MAR 26, 2020 - 1:13 PM | UPDATED THU, MAR 26, 2020 - 2:49 PM
LIPPO Malls Indonesia Retail Trust (LMIRT) will temporarily close 11 Indonesia malls as a precaution in light of the coronavirus outbreak, its manager said on Thursday. The malls will close from March 27 to April 9, and are located in the Greater Jakarta region, Bandung and Bali. Local authorities did not order the closure of the malls, but the decision was made in consideration of the Indonesian government' s call to curb the spread of the virus together with input from others in the shopping mall industry, LMIRT' s manager said. Essential services in the malls - such as supermarkets, pharmacies and clinics - will remain open with shorter operating hours from 11am to 6pm. Tenants can also choose to continue operations that serve online delivery orders. Tenants of the closed malls will be exempted from rental fee payment during the closing period. The remaining malls in the trust' s portfolio will remain open with shorter operating hours from 11am to 6pm, and with additional safety measures such as the use of face masks and hand sanitisers. LMIRT' s portfolio consists of 23 malls and seven retail spaces in Indonesia as at Dec 31, 2019. The trust' s manager said distributable income will be affected negatively for the second quarter of 2020 due to lack of rental payment from tenants in the closed malls. The manager added it is difficult to ascertain the full financial impact of the crisis as the situation remains uncertain. " Nevertheless, the trust remains in compliance of its debt financial covenants and has adequate financial reserves to fulfil its obligations in the foreseeable future," it added. To date, more than 30 retail malls, including the 11 from LMIRT, have closed or announced plans for temporary closure across Indonesia. LMIRT units were unchanged at 12.3 Singapore cents as at 2.08pm on Thursday, after the announcement was made. https://www.businesstimes.com.sg/companies-markets/lmirt-closes-11-indonesia-malls-to-curb-coronavirus-spread |
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