2018-11-13 15:48:19
Dasin Retail Trust started at 'buy' as a proxy to Zhongshan's growing spending power
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 t...