Dasin Retail Trust
Market Cap
S$538.6m
Last Updated
2019/12/13 13:10 UTC
Data Sources
Company Financials +
Executive Summary
Dasin Retail Trust specializes in the investments and owns, develops, and operates land, uncompleted developments, and income-producing real estate properties in Greater China, mainly for retail use.
Snowflake Analysis
Fair value second-rate dividend payer.
Share Price & News
How has Dasin Retail Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: CEDU has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.2%
CEDU
-0.8%
SG REITs
0.2%
SG Market
1 Year Return
-4.6%
CEDU
15.1%
SG REITs
2.4%
SG Market
Return vs Industry: CEDU underperformed the SG REITs industry which returned 15.1% over the past year.
Return vs Market: CEDU underperformed the SG Market which returned 2.4% over the past year.
Shareholder returns
| CEDU | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.2% | -0.8% | 0.2% |
| 30 Day | -1.2% | 1.8% | -1.3% |
| 90 Day | -2.9% | -0.9% | -0.1% |
| 1 Year | 5.1%-4.6% | 22.1%15.1% | 6.6%2.4% |
| 3 Year | n/a | 50.4%24.0% | 17.3%4.7% |
| 5 Year | n/a | 59.1%14.7% | 14.6%-4.7% |
Price Volatility Vs. Market
How volatile is Dasin Retail Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
What Kind Of Investor Owns Most Of Dasin Retail Trust (SGX:CEDU)?3 months ago | Simply Wall St
Should You Buy Dasin Retail Trust (SGX:CEDU) For Its Dividend?3 months ago | Simply Wall St
4 Days Left Until Dasin Retail Trust (SGX:CEDU) Trades Ex-DividendValuation
Is Dasin Retail Trust undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CEDU (SGD0.83) is trading below our estimate of fair value (SGD2.01)
Significantly Below Fair Value: CEDU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: CEDU is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: CEDU is unprofitable, so we can't compare its PE Ratio to the SG market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CEDU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CEDU is good value based on its PB Ratio (0.6x) compared to the SG REITs industry average (1x).
Next Steps
Future Growth
How is Dasin Retail Trust forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
40.4%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if CEDU's forecast earnings growth is above the savings rate (1.8%).
Earnings vs Market: Insufficient data to determine if CEDU's earnings are forecast to grow faster than the SG market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CEDU's revenue (40.4% per year) is forecast to grow faster than the SG market (5.6% per year).
High Growth Revenue: CEDU's revenue (40.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if CEDU's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Dasin Retail Trust performed over the past 5 years?
-36.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEDU is currently unprofitable.
Growing Profit Margin: CEDU is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: CEDU is unprofitable, and losses have increased over the past 5 years at a rate of -36.9% per year.
Accelerating Growth: Unable to compare CEDU's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CEDU is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (4.6%).
Return on Equity
High ROE: CEDU has a negative Return on Equity (-1.21%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Dasin Retail Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: CEDU has a high level of physical assets or inventory.
Debt Coverage by Assets: CEDU's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: CEDU's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if CEDU has a sufficient allowance for bad loans.
Low Risk Liabilities: CEDU reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if CEDU has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CEDU has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if CEDU has an appropriate level of bad loans.
Next Steps
Dividend
What is Dasin Retail Trust's current dividend yield, its reliability and sustainability?
8.75%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: CEDU's dividend (8.75%) is higher than the bottom 25% of dividend payers in the SG market (2.56%).
High Dividend: CEDU's dividend (8.75%) is in the top 25% of dividend payers in the SG market (5.46%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, CEDU has been paying a dividend for less than 10 years.
Growing Dividend: CEDU's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (44.2%), CEDU's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Dasin Retail Trust's salary, the management and board of directors tenure and is there insider trading?
CEO
Wen Li 0
0yrs
Tenure
Mr. Wen Li serves as Chief Executive Officer of Dasin Retail Trust Management Pte. Ltd. and serves as Chief Executive Officer of Dasin Retail Trust Management Pte. Ltd at Dasin Retail Trust. Mr. Li is resp ...
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 49,700,900 |
| Max Price | S$0.84 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Steven Ng (44yo)
Chief Financial Officer of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 0yrs
Wen Li
Chief Executive Officer of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 0yrs
Zhiqi Lu
General Manager of the Investment Division of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 0yrs
Chee Lun
Company Secretary of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 0yrs
Board Members
Yong Cao (65yo)
Lead Independent Director of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 0yrs
- Compensation: S$120.00k
Huay Lim Tan (62yo)
Independent Director of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 0yrs
- Compensation: S$120.00k
Zhencheng Zhang (48yo)
Chairman of the Board of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 0yrs
Zhongming Zhang (29yo)
Deputy Chairman of the Board of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 1.3yrs
- Compensation: S$40.00k
Shu Sun (66yo)
Independent Director of Dasin Retail Trust Management Pte. Ltd.
- Tenure: 0yrs
- Compensation: S$120.00k
Company Information
Dasin Retail Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dasin Retail Trust
- Ticker: CEDU
- Exchange: SGX
- Founded:
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$538.590m
- Shares outstanding: 645.02m
- Website: https://dasintrust.com
Number of Employees
Location
- Dasin Retail Trust
- 8 Marina Boulevard No. 14-02
- Marina Bay Financial Centre Tower 1
- Singapore
- 18981
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CEDU | SGX (Singapore Exchange) | Yes | Units | SG | SGD | Jan 2017 |
Biography
Dasin Retail Trust specializes in the investments and owns, develops, and operates land, uncompleted developments, and income-producing real estate properties in Greater China, mainly for retail use.Â
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 13:10 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.