Lippo Malls Trust

Lippo Malls Trust: gives update on the flooding in Jakarta arising form the heavy rain that started 15 Jan ’13. Says its Gajah Mada Plaza (GMP) and Pluit Village (PV), was minimally affected. PV, which is located at the flood prone zone of the city and near the Java Sea, experienced flooding at the perimeter area and ground floor. But adds, while the impact has been brought under control, its mall mgt teams will only be able to assess the extent of damages at the two malls as soon as the flood has fully receded. Nevertheless, the malls are covered by the appropriate insurance against flood and water damage. GMP is still operating as per normal, while the mall mgt team expects business at PV to resume in the next few days. As at 3Q12, Lippo Malls asset portfolio comprises 10 retail malls and 7 retail spaces located with other retail malls. The properties have a total NLA of 546.8k sm and total valn of $1.38b. The counter is -1.9% at $0.505. It trades at 1x P/B, offers 5.4% yield