tag:blogger.com,1999:blog-831661957694056827.post4722066465986701440..comments2023-11-02T19:29:05.886+08:00Comments on S-REIT Investment Blog: Analysis of Dasin Retail Trust - A hidden diamond just uncovered.jc.education.sghttp://www.blogger.com/profile/14204356555965121308noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-831661957694056827.post-84700740124541548522017-11-22T19:40:11.324+08:002017-11-22T19:40:11.324+08:00Dasin is having a distribution waiver policy (a wa...Dasin is having a distribution waiver policy (a way of financial engineered), which major shareholder would forgo their distribution. For 2017, 55% of shareholder is not entitled to distribution and 48% for next year, it would slowly drop to 15% at 2021.It is still good gesture that the trust sponsor is waiving their distribution partially in the next 5 years. Based on the recent financial result, the DPU growth is great..Even after the 5 years waiver is expired, I believe Dasin should be able to maintain 8%+ yield.Simphttps://www.blogger.com/profile/06263409324692960961noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-55391596981707886482017-08-22T10:04:43.539+08:002017-08-22T10:04:43.539+08:00Hi, sorry for my amateur question. I have noticed ...Hi, sorry for my amateur question. I have noticed Motley Fool stated that 2 major unitholders will not receive distribution but i don't see this stated in the results. Can i know was the 2 major unitholders mention in the results? I have only come across the distribution waiver.<br /><br />thanks.Anonymoushttps://www.blogger.com/profile/17561151284148280988noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-84899005079420104522017-08-22T09:58:26.723+08:002017-08-22T09:58:26.723+08:00Hi, sorry if my question seems a little amateur. B...Hi, sorry if my question seems a little amateur. But other than on motley fool, does it state in the report that 2 major unitholders will not receive distribution? because i only see them talking about distribution waivers in the report.<br /><br />thanks.Anonymoushttps://www.blogger.com/profile/17561151284148280988noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-33217633224626405662017-08-12T17:09:39.827+08:002017-08-12T17:09:39.827+08:00First things first.
I am following your posts for ...First things first.<br />I am following your posts for quite some time now and have always found them to be accurate, to the point and informative.<br />In this post however I think you have missed a very important point. The distribution of the trust is so high because the 2 major unit holders (>50%) have agreed not to receive distributions at this point in time. This waiver is gradually coming down to 0, sometime in the coming 3 years I believe.<br />If distributions were to be made to all unit holders, the amount available per unit would half, so the 'true' distribution yield of this counter is just around 4%.<br />Taking that into account, I doubt it meets your criteria for investment.<br /><br />To be fair to the trust management, they are clearly stating this in their published results presentation.Ronhttps://www.blogger.com/profile/02608642169307999935noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-44792858028347417272017-08-08T09:35:07.707+08:002017-08-08T09:35:07.707+08:00Hi, did some reading on Dasin.
Came cross this. H...Hi, did some reading on Dasin. <br />Came cross this. Have a doubt, is it norm? Or it calls for concern? <br /><br />Loans to a subsidiary as at 31 March 2017 of S$281.4 million (31 December 2016: S$2.4 million) <br />relates to the unsecured interest-free loans extended by the Trust to its subsidiary, Singapore <br />Dasin Commercial Holdings Pte. Ltd., to fund the acquisitions of the Initial Portfolio. <br />On 20 January 2017, the Trust extended an unsecured interest-free loan of approximately <br />S$280.0 million to Singapore Dasin Commercial Holdings Pte. Ltd. to settle the amount due to the <br />vendors of the PRC property and rental management companies of the Initial Portfolio.Terryhttps://www.blogger.com/profile/09160994893601815780noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-47567331233781401462017-08-08T07:39:44.889+08:002017-08-08T07:39:44.889+08:00high yield for this REIT is due to ditribution wai...high yield for this REIT is due to ditribution waive , else the yield is much lower . Anonymoushttps://www.blogger.com/profile/00129149671451646211noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-56406505996153165172017-08-08T07:39:02.515+08:002017-08-08T07:39:02.515+08:00high yield is due to distribution waive ,else the ...high yield is due to distribution waive ,else the yield is much lower .Anonymoushttps://www.blogger.com/profile/00129149671451646211noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-9661709962433423602017-08-07T22:46:58.366+08:002017-08-07T22:46:58.366+08:00This high yield is due to two of Dasin Retail Trus...This high yield is due to two of Dasin Retail Trust’s major unitholders agreed to not receive distributions for some of the REIT’s units they own. This has a big role to play in allowing Dasin Retail REIT to post a high projected distribution yield of 9%.Raymondhttps://www.blogger.com/profile/07080674461072998150noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-6764336786075041602017-08-07T11:14:23.647+08:002017-08-07T11:14:23.647+08:00there is a waiver from the sponsors to the DPU for...there is a waiver from the sponsors to the DPU for 2 yrs. So may not be so good after thatvictorlsl1https://www.blogger.com/profile/08216513769799631859noreply@blogger.comtag:blogger.com,1999:blog-831661957694056827.post-46150555311821596452017-08-07T10:21:59.070+08:002017-08-07T10:21:59.070+08:00Yield is high due to income support
https://www.f...Yield is high due to income support<br /><br />https://www.fool.sg/2017/01/31/2-things-investors-should-know-about-dasin-retail-trusts-projected-9-distribution-yield/zahttps://www.blogger.com/profile/06880743793523364214noreply@blogger.com