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Dasin Retail Trust (CEDU) Fair Value & Analysis

Real Estate · SG · Market cap 16.1M SGD

DR Dasin Retail Trust CEDU · SG
Price0.0200 SGD
Fair Value0.0184 SGD
Upside-7.8%
Quality48/100
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Evidence: Medium Range 0.0177 SGD – 0.0184 SGD

Fair value as of: Jul 4, 2026

From 15 valuation models · updated today

Price vs Fair Value (12 months)

0.0280 SGD 0.0200 SGD Fair Value 0.0184 SGD Jul 2025 Jul 2026

12‑month range 0.0200 SGD – 0.0280 SGD · fair‑value band 0.0177 SGD – 0.0184 SGD · the 0.0200 SGD price screens above the 0.0184 SGD fair value. As of Jul 4, 2026.

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Analysis

Dasin Retail Trust (CEDU) currently trades at 0.0200 SGD, while our model-based Fair Value estimate is 0.0184 SGD — implying the stock looks roughly 7.8% overvalued today. We read business quality at 48/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).

Trailing-twelve-month revenue stands at 68.5M SGD. Revenue declined 15.6% year over year. It earns a return on equity of -38.7%. Net debt stands at 833M SGD. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) 68.5M SGD
Revenue growth (YoY) -15.6%
Return on equity -38.7%
Free cash flow 35.8M SGD FY2022
Operating margin 48.7%
EPS (TTM) -0.3700 SGD
More key figures
EPS growth (YoY) -47.8%
Net debt 833M SGD FY2022

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Dasin Retail Trust is Listed on the Mainboard of Singapore Exchange Securities Trading Limited on 20 January 2017, Dasin Retail Trust is the only China retail property trust listed on SGX-ST providing direct exposure to the Guangdong-Hong Kong-Macau Greater Bay Area (Greater Bay Area). The Trust mandate is to invest in, own or develop land, uncompleted developments and income-producing real estate in Greater China (comprising the People Republic of China, Hong Kong and Macau), used primarily for retail purposes, as well as real estate related assets, with a focus on retail malls. As at 31 December 2021, the Trust portfolio comprises seven retail malls located in Zhongshan, Zhuhai and Foshan cities in Guangdong, PRC, valued at approximately RMB11.3 billion (2.4 billion dollars). These properties host a tenant base of over 500 local and international retailers. Dasin Retail Trust is managed by Dasin Retail Trust Management Pte. Ltd. in its capacity as the Trustee- Manager …

Revenue & earnings trend

FY2018 – FY2022 · reported fiscal years

Dasin Retail Trust reported revenue of 85.3M SGD in FY2022 versus 71.3M SGD in FY2018, a compound +4.6%/yr. Reported net income was −278M SGD in FY2022.

Revenue +4.6%/yr
FY18 71.3M SGD
FY19 76.0M SGD
FY20 87.5M SGD
FY21 88.9M SGD
FY22 85.3M SGD
Net income
FY18 −11.5M SGD
FY19 −7.4M SGD
FY20 −72.1M SGD
FY21 −48.9M SGD
FY22 −278M SGD

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Similar stocks

6 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 146,800 VND 148,549 VND +1%
DLF Limited DLF ₹627.60 ₹215.17 -66%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,650 IDR 1,330 IDR -80%
Lodha Developers Limited LODHA ₹862.00 ₹721.45 -16%
Oberoi Realty Limited OBEROIRLTY ₹1,633 ₹1,368 -16%
Godrej Properties Limited GODREJPROP ₹1,642 ₹788.35 -52%

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Frequently asked questions

Is Dasin Retail Trust (CEDU) undervalued?
As of Jul 4, 2026, our model estimates a fair value of 0.0184 SGD versus a price of 0.0200 SGD — about −8% (overvalued). Model-based estimate, not financial advice.
What is the fair value of CEDU?
Our model-based fair value for Dasin Retail Trust is 0.0184 SGD (as of Jul 4, 2026), built from audited fundamentals. The current price is 0.0200 SGD.
What is the quality score of CEDU?
Dasin Retail Trust has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Dasin Retail Trust (CEDU)?
Dasin Retail Trust reported trailing-twelve-month revenue of about 68.5M SGD (latest available figure, as of Jul 4, 2026).
What is the net profit margin of CEDU?
The net profit margin of Dasin Retail Trust is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.