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Dasin unlikely to be hit by removal of income support in FY2021: Phillip

PC Lee
PC Lee5/28/2018 12:10 PM GMT+08  • 3 min read
Dasin unlikely to be hit by removal of income support in FY2021: Phillip
SINGAPORE (May 28): Phillip Securities is keeping Dasin Retail Trust at “buy” given DPU would take a slight hit when income support is cut in FY2021 and with all four malls operating at 100% occupancy.
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SINGAPORE (May 28): Phillip Securities is keeping Dasin Retail Trust at “buy” given DPU would take a slight hit when income support is cut in FY2021 and with all four malls operating at 100% occupancy.

However, Phillip has lowered Dasin Retail Trust’s DPU forecast to factor in higher distribution adjustments for funds set aside for future repayment of interest and related costs of the loan facilities which had not been previously factored in by the research team.

“Maintain ‘buy’ with lower target price of 97 cents,” says Phillip in a report last Friday.

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