The Dangers of Relying on Analyst Calls – Case Study of LMIR Trust Debt Levels
by: Tam Ging Wien
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On the 13-Feb-2018, Lippo Malls Indonesia Retail Trust (LMIRT) released their FY2017 full year results. Immediately the next day, OCBC Investment Research kept its “Buy” call on LMIRT.
However just 5 days later, they shockingly changed their position and view on LMIRT and issued a downgrade to “Hold”. The revised estimate comes