12 May '11, 3pm

Indonesia and second-tier Chinese cities set to become big spenders

Indonesia and second-tier Chinese cities set to become big spenders

SINGAPORE: When it comes to shopping, the Indonesians are slated to be the next big spenders. That is according to analysts, who said the country's large population and robust economic growth will contribute to higher disposable incomes. They said that retail real estate investment trusts, or REITs based in emerging markets like Indonesia and China, look set to benefit. Lippo-Mapletree Indonesia Retail Trust (LMIR) achieved sterling financial results for their first quarter performance ended March 31. The trust, which has eight shopping malls across Indonesia, recorded a 10 per cent rise in net profit on-year to S$22 million. Its distribution per unit (DPU) for March 2011 is 8.7 per cent, while its 12-month yield stands at 8.02 per cent. This is higher than the 12 month yields of five to six per cent for other Singapore-listed retail REITs. Indonesia's gross domestic produ...

Full article: http://www.channelnewsasia.com/stories/economicnews/view/...

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