Since mid-October 2018, investors intensified selling in shares of property developer Lippo Karawaci (LPKR) in the wake of many negative issues such as worsen earnings results for the third quarter (Q3) of 2018 due to a jump in expenses and bribery case related to Lippo’s ambitious US$20 billion Meikarta township project. On Wednesday (Nov 28), LKPR declined 0.74% to Rp270 per share, falling 45% year to date.
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