In a report last Friday, SCCM highlights Dasin as Singapore’s sole listed business trust with direct retail exposure to the Guangdong-HK-Macau Greater Bay Area (GBA).
SINGAPORE (Nov 13): Soochow CSSD Capital Markets (SCCM) is initiating coverage on Dasin Retail Trust and a target price of 97 cents, which implies a total return of 21.6% and FY19E yield of 8.3%.
The trust is trading at 0.61 times price-to-book according to the research house’s estimates, as at the Nov 8 close of 86 cents per unit.
