Lippo Mall

Why i am vested in Lippo Mall Trust:

1. trading far below its nta of 27.7 cents

2. extremely high yield on current price of 11.3 cents.
The DPU had always been above 2.0 cents before Covid 19.
On 2.0 cents, the yield is 17.7%.

3. Shopping Malls have re-open since late May when restrictions were lifted.
92.4% of lettable space have resumed their operation.

4. company likely to report improve revenue n dpu in the 3rd n 4th quarter

5. current price is a bargain as historically, the Trust was never traded at
below 18.0 cents. Most of the time it was traded above 20.0 cents.

6. potential for high yield n capital gains.

Above are just my thoughts n i could be wrong. Pls do your own dyodd.

Before the market crash in march 2020, the counter was never traded below 18.0 cents.

Most of the time it was traded above 20.0 cts. At its height, it was traded at 46.5 cts.

To me, current price of 12.4 cents is too cheap. I believe it has a long way to go,

maybe not now but later. Vested.

Above is just my views n may be wrong. Pls do your own dyodd

Price history.

Before March 2020 the counter was never traded below 18.0 cents. It actually dropped to a low of 10.2 cents in March when the market crash. Since then it has been trading around the 11.5 to 12.5 range. The drop was understandable as the shopping malls were ordered to be closed to contain the
pandemic. The shopping malls have since then reopened in May. The coming 3rd quarter (July to Sept) will give a clearer picture of what the malls can produce. In past years, this counter was normally traded at above the 20.0 cents figure. It even reached a high of 46.5 cents in July 2017. Below are some datas on the trading range:

Price trading range:

2019 - from 18.5 to 25.0 cents
2018 - from 18.5 to 42.0 cents
2017 - from 37.0 to 46.5 cents
2016 - from 29.5 to 36.5 cents

As seen from the above, the low was 18.5 and the high was 46.5 cents.
Currently it is trading at 12.0 cents. In my view, it is under valued n should
Covid 19 normalize, it is likely to be traded above the 18.0 cents figure.

Just sharing my thoughts n I stand corrected.

One of the few companies reporting improved results:

Revenue (x1000):
1st half 2019 - 104144
1st half 2020 - 107385
Up - 3.11%

Profit (X1000)
1st half 2019 - 10008
1st half 2020 - 10542
Up - 5.34%

For info only.

Sorry wrong post. Its for Kimly n not for Lippo Mall

Most retail malls in Indonesia are now open though there are restrictions regarding safe distancing, temperature taking etc. I believe, once the pandemic is over, and the malls resume normal business, the price for this counter is likely to appreciate substantially. It could be difficult to get it at the current price of 11.6 to 11.8 cents.

I am vested for the future n above is just my guesswork. Dyodd.