Possible Delisting of Lippo Malls Indonesia Retail Trust

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“Because of the government policy, we think that Indonesia has very good potential for Reits,” Lippo Group CEO James Riady told reporters on Wednesday

Lippo Group CEO announces on Wednesday, 28th October 2015 that the group plans to shift the two REITS from Singapore to Indonesia. By doing so, the business will benefit from tax breaks offered by Jakarta. You can read more about double taxation at Investment Moats.

This will mean the possible delisting of the two REITS in Singapore (First REIT and Lippo Malls Indonesia Retail Trust).

LMRT Management Ltd, the manager of LMIR Trust made an announcement on its website that it is not aware and not informed by LMIR Trust’s sponsor, PT Lippo Karawaci Tbk of the sponsor’s plan mentioned in the article published on The Business Times.

Related News

Lippo to shift Reits from Singapore to Indonesia: CEO  (The Business Times, 28th October 2015)

Possible delisting of Saizen REIT, First REIT and LMRT (AK71, A Singaporean Stocks Investor, 28th October 2015)

First REIT and Lippo Malls possibly moving to Indonesia? (Kyith Ng, Investment Moats, 29th October 2015)


Frasers Commerical Trust Achieves All Time High DPU of 9.71% for FY15

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Frasers Commercial Trust announces its 4Q FY2015 results on 23rd October 2015. A distribution per unit (DPU) of 2.52 cents was announced for 4Q FY2015.

Strong performance of Alexandra Techno park bolstered FY15 results. Net Property Income (NPI) for Alexandra Techno park was up 61.1% in FY15.  Read More

SMRT Higher Operating Costs Continue to Erode Profits


“We are fully committed to strengthening the level of service and reliability of our public transport services and meeting the network’s higher capacity needs and operational requirements. We remain focused on our multi-year programmes to renew and upgrade the ageing rail network and will continue to pursue business growth in line with our core competencies.”

SMRT’s President and Group Chief Executive Officer, Mr Desmond Kuek

SMRT announces its 2Q FY2016 results on 27th October 2015. The group revenue increased 4.7% to $328.8 million. Operating expenses rose 7.1% to $313.6 million. The increase in operating expenses was due mainly to higher repairs and maintenance costs, staff costs, depreciation, and other operating expenses. Operating profit was $32.5 million which is 2.4% lower as compared to 2Q FY2015.

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