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Lippo Malls Indonesia Retail Trust | BUY
Target price: S$0.455
Aug 30 close: S$0.435

OCBC Investment Research, Aug 30

IN our last report, we noted that the land leases for Java Supermall units and the Mall WTC Matahari units were due to expire on Sept 24, 2017, and April 8, 2018, respectively. Together, the assets made up 0.8 per cent of Lippo Malls Indonesia Retail Trust's (LMIRT) portfolio valuation as at end-2016 and contributed 1.9 per cent of net property income in FY16. To be conservative in...

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