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.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)