Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
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Lippo Malls Indonesia Retail Trust reports a gradual recovery in shopper traffic, with particular gains in leisure, entertainment, and food & beverage sectors. However, the Trust faces challenges due to hypermarkets across Indonesia reducing their presence, impacting overall occupancy rates. In response, strategic initiatives are underway to repurpose vacated spaces into entertainment and specialty stores to enhance asset performance.
For further insights into SG:D5IU stock, check out TipRanks’ Stock Analysis page.