Current Price on 7th Apr 2019 = $0.865
- Yield = 8.46%
- Price-to-book Ratio = 0.554
- Assets per unit = $3.005
- Debt per unit = $1.443 (including current liabilities)
- Gearing = 48.0%
Three months have passed since I look at Dasin Retail Trust and here we see it again.
The price has not changed much but I have collected a dividend of $4,600 which is very good for me. With the current yield of 8.46%, I am expecting to collect another $4,200 in August/September period which is fantastic for me. It’s price-to-book ratio also suggest that we are buying at a big discount. Gearing is at a high of 48% so need to watch out.
With the current Hyflux problems, I have come to realize that the valuation can be misleading and unreal since Hyflux gives such a big writedown in their assets. I am wondering how valuation companies do their valuation and whether it is reliable. So far, I have relied on them to make my investment decisions but I am starting to question.
Nevertheless, I am still holding on to 120,000 shares which I am thankful for as I got it at a relatively cheap price. Will continue to hold on.
Date:18th May 2019, Saturday
So here is the link and the price.
