Tuesday, 31 January 2017

Lippo Mall Retail Trust: On a uptrend

LMIR Trust is the first and only Indonesian retail estate investment trust ("REIT"). It was listed on the SGX on 19 Nov 2007. LMIR Trust's portfolio comprises 17 high quality retail malls and 7 major retail spaces located within other malls in Indonesia. All of these properties are located in Indonesia with a combined net lettable area ("NLA") of 781,622 sqm and has a valuation of approximately SGD1.841 billion.

Strategically located within the large urban middle-class population catchment areas in Greater Jakarta, Bandung, Medan, Palembang and Binjai, LMIR Trust's portfolio properties are everyday malls favoured by middle class to upper-middle income domestic consumers in Indonesia. Tenants at the Retail Malls and Retail Spaces include well known retailers, such as Matahari Department Store, Carrefour, Hypermart, H&M, Debenhams, Giant Hypermarket and Sogo. The anchor tenants are complemented by popular consumer brands such as Bread Talk, McDonald's, Starbucks, Ace Hardware, Fitness First, Timezone, M&S, Adidas and Giordano. )

(Source: http://www.lmir-trust.com/)

LMIR was in my watchlist. Bought 20 lots @ Fibonacci retracement of 61.8 during the President Trump election. LMIR was in consolidation and started to move uptrend (@$0.39). The indonesia economy is doing well and GDP project to be above 6%.  President Joko policies will promote economic growth. Brick and mortar retail mall such as Lippo malls will benefit. I predict the DPU for Lippo malls will improve. Will wait for opportunity to long. 

source: Chart Nexus

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