Stocks to watch: Digital Core Reit, Dasin Retail Trust

THE following companies saw new developments that may affect trading of their securities on Tuesday (Sep 5): Digital Core Reit : The real estate investment trust (Reit) will be included in the FTSE EPRA Nareit Global Developed Index from market close on Sep 15. Its manager’s chief executive said on Monday that the inclusion should enhance the Reit’s trading liquidity on the Singapore Exchange, as well as its visibility to global institutional investors. Following the announcement, units of Digital Core Reit gained 1.8 per cent or US$0.01 to close at US$0.565.

Dasin Retail Trust : The trustee-manager of the beleaguered retail Reit late on Monday announced it received another notice of default, this time under its onshore syndicated term loan facility of up to 400 million yuan (S$74.6 million). The Bank of China’s Zhongshan branch is claiming an outstanding sum of 355.2 million yuan plus interest from Dasin Retail Trust’s subsidiary, Zhongshan Yuanxin Commercial Property Management. Units of the Reit closed unchanged at S$0.079 prior to the announcement.