With the acquisition of the manager and shares from Mapletree, it is evident that Lippo intend to grow this REIT under its charge with the injection of properties. This is good news for us because it has been dormant since IPO without acquisition or any other positive news. I believe that growth has to be visible before its price can move beyond its current level. It is way too cheap from its NAV compared to First REIT.
I have 10,000 shares in this trust which keeps me vested. Will monitor closely its development.
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