diff --git a/src/lj_opt_fold.c b/src/lj_opt_fold.c
index 83972db9..27305fe6 100644
--- a/src/lj_opt_fold.c
+++ b/src/lj_opt_fold.c
@@ -597,7 +597,8 @@ LJFOLDF(bufput_bufstr)
     /* New buffer, no other buffer op inbetween and same buffer? */
     if (fleft->o == IR_BUFHDR && fleft->op2 == IRBUFHDR_RESET &&
 	fleft->prev == hdr &&
-	fleft->op1 == IR(hdr)->op1) {
+	fleft->op1 == IR(hdr)->op1 &&
+	!(irt_isphi(fright->t) && IR(hdr)->prev)) {
       IRRef ref = fins->op1;
       IR(ref)->op2 = IRBUFHDR_APPEND;  /* Modify BUFHDR. */
       IR(ref)->op1 = fright->op1;