Dasin Retail Trust
Market Cap
S$567.6m
Last Updated
2021/03/08 11:07 UTC
Data Sources
Company Financials +
Executive Summary
Dasin Retail Trust is the only China retail property trust providing direct exposure to the fast-growing Guangdong-Hong Kong-Macau Greater Bay Area listed on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”) on 20 January 2017. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential and fair value.
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 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: CEDU's weekly volatility (2%) has been stable over the past year.
Market Performance
7 Day Return
0%
CEDU
-0.2%
SG REITs
1.3%
SG Market
1 Year Return
-9.9%
CEDU
-13.0%
SG REITs
-1.6%
SG Market
Return vs Industry: CEDU exceeded the SG REITs industry which returned -13% over the past year.
Return vs Market: CEDU underperformed the SG Market which returned -1.6% over the past year.
Shareholder returns
| CEDU | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.2% | 1.3% |
| 30 Day | -0.7% | -3.6% | 2.2% |
| 90 Day | -4.6% | -0.2% | 6.6% |
| 1 Year | -5.3%-9.9% | -8.4%-13.0% | 3.5%-1.6% |
| 3 Year | 1.4%-19.9% | 17.3%-2.3% | -7.2%-18.6% |
| 5 Year | n/a | 45.6%7.6% | 17.0%-4.4% |
Long-Term 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
4 days ago | Simply Wall St
How Much Are Dasin Retail Trust (SGX:CEDU) Insiders Spending On Buying Shares?1 month ago | Simply Wall St
What Is The Ownership Structure Like For Dasin Retail Trust (SGX:CEDU)?2 months ago | Simply Wall St
What Are The Total Returns Earned By Shareholders Of Dasin Retail Trust (SGX:CEDU) On Their Investment?Valuation
Is Dasin Retail Trust undervalued compared to its fair value and its price relative to the market?
31.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CEDU (SGD0.73) is trading below our estimate of fair value (SGD1.06)
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 SG 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 (0.9x).
Next Steps
Future Growth
How is Dasin Retail Trust forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
66.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CEDU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: CEDU is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: CEDU's is expected to become profitable in the next 3 years.
Revenue vs Market: CEDU's revenue (13.7% per year) is forecast to grow faster than the SG market (9.1% per year).
High Growth Revenue: CEDU's revenue (13.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CEDU's Return on Equity is forecast to be low in 3 years time (3.4%).
Next Steps
Past Performance
How has Dasin Retail Trust performed over the past 5 years?
-77.0%
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 77% 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 (-29.3%).
Return on Equity
High ROE: CEDU has a negative Return on Equity (-9.12%), as it is currently unprofitable.
Next Steps
Financial Health
How is Dasin Retail Trust's financial position?
Financial Position Analysis
Short Term Liabilities: CEDU's short term assets (SGD119.7M) do not cover its short term liabilities (SGD471.9M).
Long Term Liabilities: CEDU's short term assets (SGD119.7M) do not cover its long term liabilities (SGD598.5M).
Debt to Equity History and Analysis
Debt Level: CEDU's debt to equity ratio (85.4%) is considered high.
Reducing Debt: Insufficient data to determine if CEDU's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable CEDU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CEDU is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.8% per year.
Next Steps
Dividend
What is Dasin Retail Trust current dividend yield, its reliability and sustainability?
9.41%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: CEDU's dividend (9.41%) is higher than the bottom 25% of dividend payers in the SG market (1.88%).
High Dividend: CEDU's dividend (9.41%) is in the top 25% of dividend payers in the SG market (4.82%)
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 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.7%), 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
How experienced are the management team and are they aligned to shareholders interests?
CEO
Qiu Wang
1
Tenure
Ms. Wang Qiu has been Chief Executive Officer of Dasin Retail Trust Management Pte. Ltd. at Dasin Retail Trust since March 13, 2020.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.2%.
Top Shareholders
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: NaN
- Industry: Retail REITs
- Sector: Real Estate
- Market Cap: S$567.561m
- Shares outstanding: 777.48m
- 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 is the only China retail property trust providing direct exposure to the fast-growing Guangdong-Hong Kong-Macau Greater Bay Area listed on the Main Board of the Singapore Exchange Securi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/08 11:07 |
| End of Day Share Price | 2021/03/08 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.