The Babylonians

The Babylonians

Pearls of Investing Wisdom from the Babylonia Parables

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First REIT

First REIT owns a chain of hospitals in Indonesia and they are paying a high dividend yield. However, their master lease is expiring in 2021 and its parent, Lippo Karawaci, is running into some financial trouble. What are the risks of First REIT and are they a safe buy?

REITs

Reasons for Divesting First REIT

August 10, 2019 ChangYueSin 11

After the release of Q2 2019 results, my intuition just nudged me to sell off First REIT. Don’t get me wrong, the fundamental results are okay, but it is not really a well-performing REIT. Things […]

First REIT AGM
REITs

Summary of First REIT 2019 AGM

April 9, 2019 ChangYueSin 0

First REIT only did a Rights Issue ONCE in 2010. It was a 5 for 4 rights ratio (BIG RIGHT ISSUE) to fund 2 major assets from the sponsor: Mochtar Riady Comprehensive Cancer Centre & […]

10 Reasons to Consider First REIT
REITs

10 Reasons to Consider First REIT

March 18, 2019 ChangYueSin 0

1. Lippo Karawaci – Rating upgrade to B3 by Moody, Outlook changed from negative to neutral 2. Revamp in leadership – John Raidy becomes CEO & Surya Tatang becomes CFO 3. Secured US$1.01 billion from […]

Disclaimer

All views expressed in this blog are my own personal opinions and they do not constitute professional financial advice. This blog is created solely for educational purposes and is not a call to buy or sell any financial assets. Please do your own due diligence or consult a licensed financial adviser before making any investment decisions.

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