ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

(05-12-2013, 06:36 PM)Dividend Warrior Wrote: [ -> ]

(05-12-2013, 05:07 PM)valueinvestor Wrote: [ -> ]Chinaman Chinese and Indo Chinese make good combination.

What do you mean "good combination"?

The Chinese from these 2 origins are more willing to take higher risks.

it looks like lots of unitholder feel screwed and disposing their shares...
Too bad i missed the boat at 41.5c

For me not ready to buy anything yet.

Indo management : No thank you.

hmm...i thought there has always been a long acquisition pipeline for Lippo Malls? In their Q3 results, they did say they want to expand their fund to 4million of assets (currently only about 1million?). If you read its Sponsor's, Lippo Karawaci, analyst reports, you might also see things like the pipeline off assets they want to sell to Lippo Malls. In any case, i think acquisitions are not likely to stop...

another thing is, anybody knows if the leases are in SGD or IDR? I suspect Lippo Malls doesnt hedge the currency exposure?
I only know that (its sister company) First REIT's leases are denominated in SGD, but not sure about Lippo Malls...

thanks

(08-12-2013, 10:37 PM)l0nEr Wrote: [ -> ]hmm...i thought there has always been a long acquisition pipeline for Lippo Malls? In their Q3 results, they did say they want to expand their fund to 4million of assets (currently only about 1million?). If you read its Sponsor's, Lippo Karawaci, analyst reports, you might also see things like the pipeline off assets they want to sell to Lippo Malls. In any case, i think acquisitions are not likely to stop...

another thing is, anybody knows if the leases are in SGD or IDR? I suspect Lippo Malls doesnt hedge the currency exposure?
I only know that (its sister company) First REIT's leases are denominated in SGD, but not sure about Lippo Malls...

thanks

The rent is paid in Rupiah. No reason for shops to pay rent in SGD. I believe they do hedge their distributions.

(Not Vested)

(08-12-2013, 10:37 PM)l0nEr Wrote: [ -> ]hmm...i thought there has always been a long acquisition pipeline for Lippo Malls? In their Q3 results, they did say they want to expand their fund to 4million of assets (currently only about 1million?). If you read its Sponsor's, Lippo Karawaci, analyst reports, you might also see things like the pipeline off assets they want to sell to Lippo Malls. In any case, i think acquisitions are not likely to stop...

another thing is, anybody knows if the leases are in SGD or IDR? I suspect Lippo Malls doesnt hedge the currency exposure?
I only know that (its sister company) First REIT's leases are denominated in SGD, but not sure about Lippo Malls...

thanks

The rent is in rupiah, actually iirc LMIR have a FROR for 13 or 15 malls from lippo group, but what I remembered, the atas paragon managed by lippo is not one of the 13-15.

Given that rupiah is so weak against sing dollars now, and lippo loan is in sing dollars, or was it US dollars, can't remered, but it might be a good deal to buy a strong operating mall at good value.

But then, which parent company would not want to squeeze the most out if reits, I hope the new CEO can make a better difference this time with a win- win situation for shareholders of both lippo and reit. Especially expectation of a aquistion within te next 12 months is high with the placement of shares to new invešor shanghai summit

Is it a good time to average down?
Or should I wait till taper announcement?

(09-12-2013, 03:02 PM)Dividend Hermit Wrote: [ -> ]Is it a good time to average down?
Or should I wait till taper announcement?

4502 lots done at $0.39 today.
Let see how low will it go.
Waiting to pick up some if drop further.

Not yet for me.