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Market Outlook on S-REITs & Business Trusts & Dasin Retail Trust

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SGX Auditorium

2 Shenton Way

SGX Centre

Singapore, 068804

Singapore

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Market Outlook on S-REITs & Business Trusts

The FTSE S-REIT Index has been losing steam after an extended streak of outperformance against the STI, down 9.89% year to date. Since the surprise set of property cooling measures a month ago however, interest in the S-REITs sector has been renewed, with the index gaining 2.03% (against the STI’s 0.88%). Will this sector rotation reverse the fate of the S-REITs, even with rising interest rates on the horizon?

Financial Highlights for Q2 2018, Outlook and Growth Strategies

Home to 9 mainland Chinese cities in Guangdong Province, the Pearl River Delta (PRD) region is outpacing the rest of China in economic growth and innovation. The PRD’s GDP exceeds $1.2 trillion – bigger than that of Indonesia. It has also been growing at an average rate of 12% a year in the past decade. For China, the PRD is critical – accounting for less than 1% of the country’s territory and just 5% of total population; but generating more than 10% of China’s GDP.

Besides fuelling the Dragon’s growth, the PRD also presents a hotbed of investment opportunities that you can access right here in Singapore!

Dasin Retail Trust (DRT), listed on the Mainboard of the Singapore Exchange (SGX), is the only China retail property trust listed on SGX giving you direct exposure to the PRD. At end-2017, DRT’s market capitalization stood at S$480 million and its portfolio of 4 malls, valued at S$1.55 billion, are fully tenanted to over 500 Chinese and international retailers.

DRT strives to give shareholders attractive returns on investment through regular and stable distributions – giving half-yearly 100% of its distributable income in 2017 and 2018, and at least 90% thereafter. The distribution yield to Unitholders, based on DRT’s IPO price of S$0.80 per unit, is expected to be 9% in 2018.

Interested in investing in DRT? Join us in our special seminar to find out how you can benefit!


Programme

6.00 pm: Registration

6.30 pm: Presentation by Phillip Research - Market Outlook on S-REITs and Business Trusts

  • Snapshot of 1H2018 Performance
  • Outlook for the various S-REITs sectors in 2018
  • Impact of rising interest rates on S-REITs
  • Our preferred S-REITs sub-sector and individual stock picks

7.00 pm: Presentation by Dasin Retail Trust - Introduction to Portfolio, Financial Highlights for Q2 2018, Outlook and Growth Strategies

Speakers

Tara Wong

Research Analyst, Property|REITs (Commercial, Retail, Healthcare)

Tara covers the REITs and Property sectors. Previously a consultant advising listed companies on their investor relations strategy, Tara’s transactions experience includes high-profile M&As, IPOs and privatisations.

She graduated with a Bachelor of Science (Honours) in Banking & Finance from the University of London.


Mr Steven Ng, CFO of the Trustee-Manager.

Mr Ng has more than 19 years of experience in accounting and financial-related work, including group accounting and reporting, accounting system implementation, compliance, strategic planning and financial statements preparation.

Prior to joining the Trustee-Manager, Mr Ng was an Audit Senior Manager with KPMG LLP, Singapore for more than eight years, from December 2006 to September 2015, where he provided audit services to public listed companies, subsidiaries, foreign multinationals, government-linked and private companies in real estate, manufacturing, consumer and industrial market industries.

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SGX Auditorium

2 Shenton Way

SGX Centre

Singapore, 068804

Singapore

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