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Overview of Lippo Malls Trust Post Reply Rate topic
laksaman57 Supreme	27-Jun-2017 17:21        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Strong closing buy at $0.44 👍
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laksaman57 Supreme	21-Jun-2017 20:44        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://lmir.listedcompany.com/news.html/id/590133
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laksaman57 Supreme	20-Jun-2017 22:45        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.indonesia-investments.com/news/news-columns/world-bank-remains-optimistic-about-the-indonesian-economy/item7875?
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laksaman57 Supreme	20-Jun-2017 17:00        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	LMIRT set to grow along its growing Indonesia economy just as Capitalmall trust grew with sgp economy in the past.
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laksaman57 Supreme	20-Jun-2017 14:55        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	High chance 0.44 today 🙌
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laksaman57 Supreme	12-Jun-2017 23:19        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.theedgemarkets.com.sg/lippo-malls-indonesia-retail-trust-kept-%E2%80%98buy%E2%80%99-following-acquisition-kendari-property
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laksaman57 Supreme	10-Jun-2017 20:52        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.theedgemarkets.com.sg/smr/?q=article/opportunities-abound-indonesia-turnaround
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laksaman57 Supreme	08-Jun-2017 23:33        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Commercial offices, not retail malls 👍 laksaman57      ( Date: 08-Jun-2017 23:31) Posted: http://www.thejakartapost.com/news/2017/02/14/lippo-group-launches-its-first-reit-in-indonesia.html
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laksaman57 Supreme	08-Jun-2017 23:31        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	http://www.thejakartapost.com/news/2017/02/14/lippo-group-launches-its-first-reit-in-indonesia.html
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chengwh1 Elite	08-Jun-2017 15:44        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tq laksaman,... a good report overall, especially that part whereby : Meanwhile, Lippo Malls Indonesia Retail Trust&rsquo s sponsor &ndash PT Lippo Karawaci Tbk, Indonesia&rsquo s largest listed property company &ndash has 46 retail malls in its portfolio currently and has plans to bring its total malls under management to over 80 by 2030. The malls under PT Lippo Karawaci are potential acquisition candidates for Lippo Mall Indonesia Retail Trust in the future. But,.. we must not forget one thing here. Lippo has another REIT in Indonesia now, called the DIRE ' something' , and this DIRE REIT has some properties under her now. How will Lippo apportion out the shopping malls between LMIRT and the DIRE ? There will be competition here, and good malls may not come to LMIRT. The Lippo REIT in Indon is  called : DIRE Commercial and Infrastructure. laksaman57      ( Date: 07-Jun-2017 20:06) Posted: https://www.fool.sg/2017/06/07/lippo-malls-indonesia-retail-trust-3-things-investors-should-know-from-its-latest-earnings/
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laksaman57 Supreme	07-Jun-2017 20:06        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	https://www.fool.sg/2017/06/07/lippo-malls-indonesia-retail-trust-3-things-investors-should-know-from-its-latest-earnings/
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laksaman57 Supreme	06-Jun-2017 19:00        laksaman57 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rising slow and steady 🙏
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bishan22 Supreme	02-Jun-2017 14:30        bishan22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Simi sai.
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jeremyow Master	15-May-2017 15:35        jeremyow About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Passionate business investor"
x 0   x 0  Alert Admin	Sorry, typo mistake in my earlier post in the last paragraph. The correct one is " But I do not think there is such permanent holy grail stock/ REIT as I am also unsure whether Apple Inc. in its current glory will still exist in another century time."     jeremyow      ( Date: 15-May-2017 15:22) Posted: Haha! It is not too difficult lah. One can easily use any of the stock screeners around. Many brokerages have their stock screeners offered to their clients foc. Stock screeners are also available from different online sources. Just google stock screeners. Our own SGX website also has stock screener. One can set many different criteria when screening for stocks. Then from a small pool of stocks which fits one' s criteria, one can zoom in on a few of interest for deeper research to see if the stock is worth investing.  The difficulty lies in selecting what criteria to use when screening stocks as what you input as criteria is what you get. That is the part which will differ between different investors. For example, some use P/E ratios while some use P/B and yet others use PEG ratios. Which criterion is better or should we use a combination of as many criteria as possible just as our Singaporean Kiasu nature will do? It may not be necessarily true that using many criteria means better analysis. In fact, using too many screening criteria only serves to confuse an investor as there are too many points of comparison.  Also, is it enough to just rely on stock screener alone? The answer is " no" ! When screening for stocks using stock screener, one is only looking at the quantitative side of a business. The qualitative side of a business is also equally important and sometimes even more important than quantitative side. It is the qualitative side of a business, its management, its product and service quality and many other aspects of a business many of which are hidden away from the sight of the investing public which makes it difficult to assess this part of a business, its qualitative side. Also, the fundamentals of a business may change over time, so those which once enjoyed market darling status may also retreat back into obscurity when their fortunes have changed. In investing, I have learnt that there is no holy grail stock/ REIT. One remains invested in a good company/ REIT/ business trust only if it continues to enjoy good business economics and giving good returns to their shareholders/ unitholders. Once the good business economics and good returns to shareholders/ unitholders is permanently affected and gone, it is time to exit an investment to look for other better investment choices.  Our Singapore stock market is still a small universe to invest in. There are far better investment choices if one is trying to look for a better grail (though there is no perfect holy grail stock/ REIT as any business fortunes can change over time) found in overseas stock markets such as the US, China and HK markets. For example, Apple Inc. is one great stock to own since the last sub-prime crisis. An investor who has invested in Apple Inc. during Nov 2008 when Apple was at its bottom price and held its shares until now would have made an investment return of around 1228% in just 8.5 years. A $82,000 invested in Apple Inc. during Nov 2008 and the shares held until now would have made the person become a millionaire now in 8.5 years.  I do not think there are any stocks in our Singapore market which has rewarded its shareholders with such parallel astonishing returns as Apple Inc. over the past 8.5 years. So, there are definitely better performing stocks found in overseas market than Singapore market. Our Singapore stock market is not bad but it is still a small universe and nothing compared to the better fortunes out there in overseas market if one explores outside of our shores. But I do not think there is no such permanent holy grail stock/ REIT as I am also unsure whether Apple Inc. in its current glory will still exist in another century time. Maybe it will or maybe not?         chengwh1      ( Date: 15-May-2017 12:52) Posted: Jeremy,... what you said is correct ! The problem lies in trying to find that Holy Grail Stock/REIT !!!!!!!!!!!!!!!!!!
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jeremyow Master	15-May-2017 15:22        jeremyow About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Passionate business investor"
x 0   x 0  Alert Admin	Haha! It is not too difficult lah. One can easily use any of the stock screeners around. Many brokerages have their stock screeners offered to their clients foc. Stock screeners are also available from different online sources. Just google stock screeners. Our own SGX website also has stock screener. One can set many different criteria when screening for stocks. Then from a small pool of stocks which fits one' s criteria, one can zoom in on a few of interest for deeper research to see if the stock is worth investing.  The difficulty lies in selecting what criteria to use when screening stocks as what you input as criteria is what you get. That is the part which will differ between different investors. For example, some use P/E ratios while some use P/B and yet others use PEG ratios. Which criterion is better or should we use a combination of as many criteria as possible just as our Singaporean Kiasu nature will do? It may not be necessarily true that using many criteria means better analysis. In fact, using too many screening criteria only serves to confuse an investor as there are too many points of comparison.  Also, is it enough to just rely on stock screener alone? The answer is " no" ! When screening for stocks using stock screener, one is only looking at the quantitative side of a business. The qualitative side of a business is also equally important and sometimes even more important than quantitative side. It is the qualitative side of a business, its management, its product and service quality and many other aspects of a business many of which are hidden away from the sight of the investing public which makes it difficult to assess this part of a business, its qualitative side. Also, the fundamentals of a business may change over time, so those which once enjoyed market darling status may also retreat back into obscurity when their fortunes have changed. In investing, I have learnt that there is no holy grail stock/ REIT. One remains invested in a good company/ REIT/ business trust only if it continues to enjoy good business economics and giving good returns to their shareholders/ unitholders. Once the good business economics and good returns to shareholders/ unitholders is permanently affected and gone, it is time to exit an investment to look for other better investment choices.  Our Singapore stock market is still a small universe to invest in. There are far better investment choices if one is trying to look for a better grail (though there is no perfect holy grail stock/ REIT as any business fortunes can change over time) found in overseas stock markets such as the US, China and HK markets. For example, Apple Inc. is one great stock to own since the last sub-prime crisis. An investor who has invested in Apple Inc. during Nov 2008 when Apple was at its bottom price and held its shares until now would have made an investment return of around 1228% in just 8.5 years. A $82,000 invested in Apple Inc. during Nov 2008 and the shares held until now would have made the person become a millionaire now in 8.5 years.  I do not think there are any stocks in our Singapore market which has rewarded its shareholders with such parallel astonishing returns as Apple Inc. over the past 8.5 years. So, there are definitely better performing stocks found in overseas market than Singapore market. Our Singapore stock market is not bad but it is still a small universe and nothing compared to the better fortunes out there in overseas market if one explores outside of our shores. But I do not think there is no such permanent holy grail stock/ REIT as I am also unsure whether Apple Inc. in its current glory will still exist in another century time. Maybe it will or maybe not?         chengwh1      ( Date: 15-May-2017 12:52) Posted: Jeremy,... what you said is correct ! The problem lies in trying to find that Holy Grail Stock/REIT !!!!!!!!!!!!!!!!!! jeremyow      ( Date: 12-May-2017 21:10) Posted: http://www.fool.sg/2017/03/23/first-real-estate-investment-trusts-investor-presentation-14-numbers-for-investors-to-know/ Hi Chengwh1, I attach here a link to an article by Motley Fool which records salient points of First REIT' s recent investor presentation held in Tokyo. The NAV per unit of First REIT has risen steadily over the past decade and thus was on a rising trend. In this article, it pointed out that First REIT has given its unitholders an annualised return of 21.2% (inclusive of distributions received) assuming one has stayed invested in First REIT since IPO until now and has also subscribed for its rights issue exercise in 2010. There are not many investments and needless to say REITs or Business Trusts that can provide an annualised returns of at least 20% for over a decade. I will not say First REIT is the best so far but an annualised return of at least 20% and more over a period of a decade is by no means easy and thus speaks volumes of the management ability and economics of the underlying business and assets that are generating such annualised returns. As a side comparison, investing in STI ETF over a decade has provided an annualised return of about 7 to 8% (inclusive of dividends received). Thus, investing in just one single REIT like First REIT over the past decade has rewarded its unitholders significantly much more in annualised returns as compared to investing in a basketful of 30 STI component stocks. This brings us to another investment principle of discussion that diversification may not be a great game after all. Overly diversified investment style on one hand mitigates risk inherent to any single stocks by buffering the risk with investing in many different stocks. However, it also at the same time buffers any potential great returns from any single stock as one' s investment is spread thinly among different stocks and thus there will be underperformers as well as good performers. The underperformers undermines the performance of the good performers in an overly diversified portfolio of 30 stocks so overall returns is what we get of an average annualised return of 7 to 8% (inclusive of dividends received) for imitating the STI ETF basketful of 30 component stocks.
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chengwh1 Elite	15-May-2017 12:52        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Jeremy,... what you said is correct ! The problem lies in trying to find that Holy Grail Stock/REIT !!!!!!!!!!!!!!!!!! jeremyow      ( Date: 12-May-2017 21:10) Posted: http://www.fool.sg/2017/03/23/first-real-estate-investment-trusts-investor-presentation-14-numbers-for-investors-to-know/ Hi Chengwh1, I attach here a link to an article by Motley Fool which records salient points of First REIT' s recent investor presentation held in Tokyo. The NAV per unit of First REIT has risen steadily over the past decade and thus was on a rising trend. In this article, it pointed out that First REIT has given its unitholders an annualised return of 21.2% (inclusive of distributions received) assuming one has stayed invested in First REIT since IPO until now and has also subscribed for its rights issue exercise in 2010. There are not many investments and needless to say REITs or Business Trusts that can provide an annualised returns of at least 20% for over a decade. I will not say First REIT is the best so far but an annualised return of at least 20% and more over a period of a decade is by no means easy and thus speaks volumes of the management ability and economics of the underlying business and assets that are generating such annualised returns. As a side comparison, investing in STI ETF over a decade has provided an annualised return of about 7 to 8% (inclusive of dividends received). Thus, investing in just one single REIT like First REIT over the past decade has rewarded its unitholders significantly much more in annualised returns as compared to investing in a basketful of 30 STI component stocks. This brings us to another investment principle of discussion that diversification may not be a great game after all. Overly diversified investment style on one hand mitigates risk inherent to any single stocks by buffering the risk with investing in many different stocks. However, it also at the same time buffers any potential great returns from any single stock as one' s investment is spread thinly among different stocks and thus there will be underperformers as well as good performers. The underperformers undermines the performance of the good performers in an overly diversified portfolio of 30 stocks so overall returns is what we get of an average annualised return of 7 to 8% (inclusive of dividends received) for imitating the STI ETF basketful of 30 component stocks.
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jeremyow Master	12-May-2017 21:10        jeremyow About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Passionate business investor"
x 0   x 0  Alert Admin	http://www.fool.sg/2017/03/23/first-real-estate-investment-trusts-investor-presentation-14-numbers-for-investors-to-know/ Hi Chengwh1, I attach here a link to an article by Motley Fool which records salient points of First REIT' s recent investor presentation held in Tokyo. The NAV per unit of First REIT has risen steadily over the past decade and thus was on a rising trend. In this article, it pointed out that First REIT has given its unitholders an annualised return of 21.2% (inclusive of distributions received) assuming one has stayed invested in First REIT since IPO until now and has also subscribed for its rights issue exercise in 2010. There are not many investments and needless to say REITs or Business Trusts that can provide an annualised returns of at least 20% for over a decade. I will not say First REIT is the best so far but an annualised return of at least 20% and more over a period of a decade is by no means easy and thus speaks volumes of the management ability and economics of the underlying business and assets that are generating such annualised returns. As a side comparison, investing in STI ETF over a decade has provided an annualised return of about 7 to 8% (inclusive of dividends received). Thus, investing in just one single REIT like First REIT over the past decade has rewarded its unitholders significantly much more in annualised returns as compared to investing in a basketful of 30 STI component stocks. This brings us to another investment principle of discussion that diversification may not be a great game after all. Overly diversified investment style on one hand mitigates risk inherent to any single stocks by buffering the risk with investing in many different stocks. However, it also at the same time buffers any potential great returns from any single stock as one' s investment is spread thinly among different stocks and thus there will be underperformers as well as good performers. The underperformers undermines the performance of the good performers in an overly diversified portfolio of 30 stocks so overall returns is what we get of an average annualised return of 7 to 8% (inclusive of dividends received) for imitating the STI ETF basketful of 30 component stocks.
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chengwh1 Elite	12-May-2017 20:33        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	It takes skills to spot this metric, Jeremy,... tq,... Hmm,... instead of growing the nav is even weakening as time goes by, and there has been no Rights or placements done these few yrs,.... this is not good. Unit price always follows nav for REITs, perhaps this is the reason why the unit price can hardly move !!! How abt First REIT -  has the nav grown with time since listing ?? I recalled there was one Rights exercise done back in 2009. 2010,...
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jeremyow Master	12-May-2017 15:51        jeremyow About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Passionate business investor"
x 0   x 0  Alert Admin	Hi Chengwh1, thanks for asking and here' s my sharing on Lippo Malls Indonesian Retail Trust (LMIRT) for your reference. I have shared before in an earlier posting that there are two important overarching metrics I look out for when I choose the REIT. One is the valuations of the properties owned by the REIT and another is the free cashflow generating ability of the properties owned by the REIT. The trends and performance of these two important overarching metrics I believe will affect the unit price of the REIT in question over a long period of time.  For LMIRT, I noticed that its unit price has difficulty in rising over time even though it keeps churning out generally stable rental revenues, rental incomes and distributions over time which is on a long term uptrend and not downtrend. There were also many good analyst reports written about this REIT over time. I find this very abnormal as if the REIT is so called doing well and further known by its sexy story of good growth in the emerging retail market of Indonesia as depicted over time by various media sources, then why has its unit price not performed exceptionally well thus far?  I then looked deeper at the REIT and discovered what I was looking for. The book value (NAV) of the REIT has not grown ever since it made a cash call in rights issue in 2011. The NAV then in 2011 was $0.43. Fast forward to its most recent fianncial report, its NAV is guess what?? It has decreased to $0.3735 as of most recent financial report.  Over the past 5 years, LMIRT has made acquisitions of new mall properties. By right, its NAV should see an increase over time with acquisition of new properties. But, this is not the case. The exchange rate between Indonesian Rupiah to SGD could have been one of the culprit here that works against the valuations of the properties if denoted in Singapore dollars carried on its books.  However, I think there are other factors in play which could have dampen the valuations of the Indonesian mall properties owned by LMIRT. The valuations of the properties reflected on their balance sheet have faced downside pressure in valuations over the past five years. Some of the valuations of the individual properties have risen only slightly at best while others have remained stagnant and even dropped in their valuations over time even though it was a slow decline.  On our own Singapore front, if we compare against a local operating Retail Mall Trust like CapitaMall Trust, its NAV has risen over the same past 5 years period. As such, I worry whether such slow decline in NAV for LMIRT will cease in future or not. If not, it is like money come in one pocket (distributions received) while going out another pocket (slow decline in valuations of invested mall properties and NAV).  This makes me wonder whether the retail mall property market in Indonesia will be really profitable over time? Yes, the Indonesian mall properties maybe generating good cashflows but if their valuations keep decreasing over time, then there is at least one very important metric which is underperforming and working against the overall economics of the REIT. Just my sharing for your reference. Please do research further and form your own independent opininons. Thanks!                 chengwh1      ( Date: 12-May-2017 13:25) Posted: Tq jeremy,... good ponts there. You mentioned earlier that you wouldn' t want to buy LMIRT now,... can you kindly share the reasons for this please ? jeremyow      ( Date: 11-May-2017 19:59) Posted: Yes, most of the hurdles raised by this article will be applicable to LMIRT as well. I am not sure though about the unit ownership structure of LMIRT whether it will be an easy task for Lippo Group to gain back control to delist the REIT if it should desire in order to list it on Indonesian Stock Exchange. But for the moment, seems such rumours have died down for these two Lippo owned REITs. Perhaps it is still not time yet until the Indonesian Stock Exchange, the financial markets and political situation in Indonesia matures and stabilises in further years ahead
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chengwh1 Elite	12-May-2017 13:25        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tq jeremy,... good ponts there. You mentioned earlier that you wouldn' t want to buy LMIRT now,... can you kindly share the reasons for this please ? jeremyow      ( Date: 11-May-2017 19:59) Posted: Yes, most of the hurdles raised by this article will be applicable to LMIRT as well. I am not sure though about the unit ownership structure of LMIRT whether it will be an easy task for Lippo Group to gain back control to delist the REIT if it should desire in order to list it on Indonesian Stock Exchange. But for the moment, seems such rumours have died down for these two Lippo owned REITs. Perhaps it is still not time yet until the Indonesian Stock Exchange, the financial markets and political situation in Indonesia matures and stabilises in further years ahead. chengwh1      ( Date: 11-May-2017 18:38) Posted: Tq Jeremy,... I' ve actually seen this report earlier,... one question though,.. wouldn' t the hurdles here pertaining to First REIT be applicable to LMIRT too ? Things like interest rate in Indonesia, should have similar impact to LMIRT too if Lippo wants to move LMIRT out too,....
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