What is the hedging strategy for Dasin Retail REIT since it collects rental in RMB and pay out the distribution income in SGD?

As shared by Dasin Retail Trust during the live session, Dasin Retail Trust (“DRT”) intends to be a long-term investor in China, as such, it has taken a view not to hedge the RMB equity exposure arising from its investments in PRC unless certain risks are specifically identified.

DRT’s strategy is to achieve a natural hedge through local RMB financing and any non-RMB denominated loan will be hedged into RMB if required, to protect the going concern of DRT in the event of large currency fluctuations.