Dasin Retail Trust

Although the Covid-19 outbreak had resulted in the shuttering of all five of DRT’s malls from Jan 28 to Feb 24, Phillip Capital notes that these have since resumed normal operating hours with the exception of Ocean Metro Mall.

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%.

SINGAPORE (May 11): The trustee-manager of Dasin Retail Trust (DRT) has announced a 1Q18 distribution per unit (DPU) of 1.83 cents, up 23% from its 1Q17 DPU of 1.49 cents on the near-doubling of revenue, and after factoring in a waiver.

SINGAPORE (Mar 27): Rising interest rates does not necessarily spell doom and gloom for Singapore REITs (S-REITs) if the hikes were made in response to improving economic conditions, says Phillip Capital in a Monday report.

SINGAPORE (Mar 5): Phillip Capital is maintaining its “buy” call on Dasin Retail Trust with a 98 cent price target after FY17 revenue and net property income (NPI) came in line with its forecasts.

SINGAPORE (Jan 16): Phillip Capital is starting coverage on Dasin Retail Trust with a "buy" and target price of 98 cents with a forecast dividend of 9.5 cents.

SINGAPORE (Nov 10): The trustee-manager of Dasin Retail Trust reported 3Q DPU of 2.23 cents. This exceeded forecast DPU of 1.99 cents by 12%.

SINGAPORE (Aug 11): The trustee-manager of Dasin Retail Trust (DRT) has declared a distribution per unit (DPU) of 3.01 cents for the six months ended June with distribution waiver, 5% above its forecast 2.88 cents for the period.

SINGAPORE (April 6): The Asia-Pacific region continued to dominate global initial public offering (IPO) activity in 1Q17 to account for 70% of the global number of IPOs and 48% by global proceeds.