Dasin Reit IPO: hoping to ride market momentum

Dasin Retail Trust has begun bookbuilding for Singapore's first reit IPO of 2017, hoping to become the fourth pure Chinese reit to list on the Singapore Stock Exchange. 

The Zhongshan-based retail group will have timed the deal well if it is able to take advantage of positive momentum towards the S-Reit sector, which has recently been rebounding from mid-November lows. 

The FTSE ST Reit Index is up 3.6% from a 703 level in mid-November, closing Friday at 728.96.

Investors were tempted back after the sector started trading through valuations it last hit at the end of the market’s taper tantrum in 2013....