LippoMalls news and Q4 DPU

On 15 Feb, After market closed, LippoMalls has requested Moody to withdraw their rating of Baa3 rating. LippoMalls will henceforth be unrated. See http://infopub.sgx.com/FileOpen/Withdrawal%20of%20Credit%20Rating.ashx?App=Announcement&FileID=489325

The reason is probably LippoMalls knows that Moody will be downgrading the rating. Since there are no benefits for LippoMalls to have a rating, they might as well remove it, thereby preventing the the company shares and bond prices from dropping from adverse news.

To know more about the background of Moody downgrade, I blogged about this a few months ago : http://wealthlions.com/2017/12/lippomalls-reports-explained/

Earlier on 14 Feb, LippoMalls announced their DPU for Q4. The DPU is less than previous quarter as well as 2016 Q4 DPU.

This does not look good. I will be exiting from LippoMalls shares, but keeping the bonds.

If you are holding LippoMalls bought at higher prices, and not sure what to do, please contact me to have a chat with me.


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