PhillipCapital is keeping its “accumulate” rating on Dasin Retail Trust with a lowered target price of 78 cents from 82 cents previously. On the positive side, the PhillipCapital research team likes the stock for its partnership with Sino-Ocean. “While ARA is a globally renowned real-estate na...

“I must stress we do not want to grow AUM for AUM’s sake. We are not, out of the blue, going to go into new asset classes where we have no inherent abilities,” says Lee Chee Koon, group CEO of CapitaLand, and CEO-designate of CapitaLand Investment (CLI). That is likely to differentiate CLI fro...

Dasin Retail Trust, which owns a portfolio of seven retail malls in China, has secured further extension for $106.61 million in outstanding loans due on July 18. The loans, meant to help fund the acquisition of Doumen Metro Mall, will now be due on Dec 19. Dasin Retail Trust Management, the trust’...

Dasin Retail Trust’s price action suggests that the either the refinancing or the loan extension of the almost $500 million of loans that mature on July 18 has been successful. Of the $500 million, $419.5 million is offshore debt, and $80.1 million is onshore debt. Dasin Retail Trust’s rebound i...

On July 3, The Edge Singapore highlighted that almost $500 million of loans that mature on July 18 had not been refinanced by Dasin Retail Trust. On July 5, Dasin’s trustee-manager announced that the trust “is currently still seeking to secure the refinancing of the Offshore Facilities and to th...

DASIN Retail Trust's trustee-manager announced on Monday that its chairman Zhang Zhencheng, as well as Aqua Wealth Holdings, has terminated a proposed sale and purchase agreement with two subsidiaries of ARA Asset Management made in April this year.

THE following companies saw new developments that may affect trading of their securities on Tuesday:

Not since Eagle Hospitality Trust in the closing months of FY2019 has a property trust fallen so sharply in such a short time. Dasin Retail Trust — styled as a business trust rather than a REIT — is down 16.7% since June 16, 2020. At its last done price of 60 cents, the trust is trading at just ...

Dasin Retail Trust has rebounded off a low of 59 cents made on June 30, to end the week at 61 cents. At this price, the trust is priced at just 0.43 times its net asset value of $1.41 which represents a hefty discount. On April 28, Zhang Zhencheng, owner of Dasin Retail Trust’s trustee-manager an...

PhillipCapital research analyst Natalie Ong has maintained her “overweight” call on the Singapore REIT (S-REIT) sector as all nine REITs under the brokerage stood in line with Ong’s estimates in the 1QFY2021. The REITs under PhillipCapital’s coverage are Ascott Residence Trust (ART), Frasers...