by: Tam Ging Wien
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As shareholders of Sasseur REIT, we were prepared for the worse as the COVID-19 pandemic forced the management to shutter their outlets malls throughout China, namely Chongqing, Bishan, Hefei and Kunming back in January 2020.
However, we were delightfully surprised that they still managed to eke out a 1.0% increase in distributable income and 0.2% DPU. In ordinary times, we would describe this set of results as “flat”, but for FY2020, we think this is stellar!...
