- Yield = 8.00%
- Price-to-book Ratio = 0.84
- Assets per unit = $0.799
- Debt per unit = $0.388 (including current liabilities)
- Secured NAV = $0.357 (103% of trading price)
LippoMalls Trust recently went on a yoyo which I have to admit that I missed the fantastic opportunity. It went down to $0.315 (I actually notice it and was considering about it) and went back up at $0.345 again. Haiz. I should have been bold and trust my instinct more.
With the current price at $0.345, it is still attractively priced at 8.00% yield with a 16% discount to NAV. Moreover, its secured NAV is $0.357 which is 103% of trading price. This means that in the worst case scenario, you still get $0.357.
This year, I am in the process of rebuilding my cash reserve so unless that is a real opportunity like the one earlier, I don't think I am purchasing any investments. Another way is portfolio restructuring to create more value. Currently, I am holding on to AIMSAMP Industrial Trust which I think is quite fully valued already. It still gives me a good return but if there is one attractive opportunity, I will sell and buy (possibly LMIR)
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