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OCBC, CIMB downgrade LMIRT on new Indonesian tax rules

Published Fri, Apr 13, 2018 · 09:50 PM
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Singapore

ANALYSTS at OCBC Investment Research and CGS-CIMB have downgraded their call on Lippo Malls Indonesia Retail Trust (LMIRT).

OCBC downgraded the Reit to "sell" from "hold" with a lower fair value of S$0.31, a 23.5 per cent decrease from the previously assessed fair value of S$0.405.

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