Shares & Derivatives
More light on Lippo Karawaci rental agreement with First REIT
By Llama Finance  •  June 1, 2020
Source: https://www.businesstimes.com.sg/companies-markets/lippo-karawaci-initiates-restructuring-of-rental-support-to-first-reit What a timely article! First REIT has dropped by almost 10% since market opened. This article shed more light on the rental agreement, where Lippo Karawaci acts as a support to Siloam Hospitals to pay off its rents to First REIT. Indeed, this rental is unsustainable, but I did not expect things to erupt this quickly. I have explained previously in this article - https://www.llamafinance.com/2020/05/are-you-sure-your-reits-dividend-is.html. For those that have invested in First REIT, I do not have any great advice. Only thing I feel we can do is to diversify portfolio amid the COVID crisis....
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By Llama Finance
Hi everyone! This is Mr Llama. Mrs Llama is my fiancee. I am in my late 20s. This is the tricky age where one is trapped between trying to save, and having to spend a huge sum on settling down. Yes, I am talking about Engagement, Wedding, and having a flat. It does not come cheap in Singapore.
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