Welcome

Welcome to my investment blog where I share with you my analysis of REITs in Singapore.

I hope that my investment philosophy will bring me a steady stream of income apart from my job. I am aiming for at least $3,000 per month which can sustain the current expenses of myself and my family.

Do enjoy reading my blog and post any comments that you have. I welcome them because it is a time to learn from each other.

When I am looking at investing in REIT, here are some of the guidelines that I am looking at. Feel free to comment on it. I am willing to listen to ideas.

-> at least 8% yield.
-> Price that is lower than its NAV.
-> Low gearing (if possible)
-> High secured NAV.

Current Dividend income is $3,800/month.

Monday, August 7, 2017

Analysis of Dasin Retail Trust - A hidden diamond just uncovered.

Current Price on 4th August 2017 = $0.81
  • Yield = 8.40%  
  • Price-to-book Ratio = 0.487
  • Assets per unit = $2.971
  • Debt per unit = $1.308 (including current liabilities)
  • Gearing = 44.0%
Some of my readers are asking about Dasin Retail Trust which I researched on it. The results were fantastic. I wonder why I did not research on this previously despite it staring at me. Let's take a look at the statistics.

With a yield of 8.40%, it is one of the highest yielding REIT in SGX now especially in the retail sector. Moreover, they are trading at a whopping 52% discount to NAV. It means that we are buying it at at least half price. Do note that all their properties are based in China. But we do have other China-based REITs like Mapletree Greater China Trust and CapitaRetail China Trust which are trading at good value so it shouldn't be a problem here. Their Gearing is at a high of 44.0% but not so much of a worry as of now.

I am considering to switch some low yielding REITs or Trusts into this now I know that there is such an option. Moreover, I have queued and purchased 14,400 shares at $0.80 last week. No matter what, I will be queuing to buy more this week, hopefully to increase my shareholdings as much as I would like.

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