Highlights
KLSE: HEKTAR (5121)       HEKTAR REITS Main : REITS
Last Price Today's Change   Day's Range   Trading Volume
1.33   0.00 (0.00%)  1.33 - 1.35  280,600
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Overview

Market Cap: 614 Million
NOSH: 462 Million
Avg Volume (4 weeks):168,465
4 Weeks Range:1.33 - 1.37
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:1.33 - 1.70
52 Weeks Price Volatility (%):
0.00%
Average Price Target: 1.60
Price Target Upside/Downside: +0.27

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2017[#1]  |  23-May-2017
Next QR | Est. Ann. Date: 30-Jun-2017  |  01-Aug-2017
T4Q P/E | EY: 14.59  |  6.85%
T4Q DY | Payout %: 6.66%  |  97.15%
T4Q NAPS | P/NAPS: 1.2667  |  1.05
T4Q NP Margin | ROE: 33.98%  |  7.20%

Market Buzz

Date Type Subject
26-Jul-2017 Forum 1 New Comment

Headlines

Date Subject
10-Jul-2017 “On Our Radar” Tracker Review - On Cautious Mode
23-Jun-2017 Hektar REIT is trading at its 52-week low – Is it a Good Bargain?
22-Jun-2017 零售商场面对逆风.贺达产托料难调高租金
20-Jun-2017 Hektar REIT - Going Getting Tough
16-Jun-2017 11 things we learned from Hektar REIT’s 2017 AGM - Calvin Soon
08-Jun-2017 [转贴] Hektar FY2017 Q1 季报分析~ BY 乡下小子
27-Apr-2017 PublicInvest Research Headlines - 27 Apr 2017
27-Apr-2017 Mplus Market Pulse - 27 Apr 2017
28-Mar-2017 [转贴] 浅谈Hektar~BY乡下小子
15-Feb-2017 Mplus Market Pulse - 15 Feb 2017
02-Aug-2016 M+ Online Market Pulse - Profit Taking Likely - 02 Aug 2016

Business Background

Hektar Real Estate Investment Trust (Hektar REIT) is a Malaysia-based real estate investment trust. It is managed by Hektar Asset Management Sdn. Bhd. Its principal activity is to invest in shopping centers with the objective of achieving attractive level of return from rental income and for long-term capital growth. Hektar REIT's portfolio consists of shopping centers, including Subang Parade, Mahkota Parade and Wetex Parade and Classic Hotel. Subang Parade is a shopping center located in the heart of Subang Jaya's commercial district and with a net lettable are of 474,612 square feet (sq ft). Mahkota Parade is a shopping center located in the commercial and tourist center, which is situated in the heart of Melaka town and with a net lettable are of 461,067 sq ft. Wetex Parade and Classic Hotel is a retail development located within the commercial district of Muar, Johor and with a net lettable area of 167,362 sq ft. In 2009, the portfolio of Hektar REIT received 21.3 million visits.
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md1961 why sell and buy OR better? Anzo right issue was 0.20 and now the stock price is 12.5 so much way below that the Right Issue price.

So it is not guaranteed that buying Offer Rights Issue can make money - tell me if I am wrong?

The main intention to accumulate REITS is for their quarterly dividends so I still think that continue accumulate this REIT is still good or better than keeping your money in FD. Their returns giving yield 6.4%
08/07/2017 22:18
cheated You are right. Nowadays shopping mall business is not easy. Many shop lots have to close because biz not good so cannot pay rent. So Hektar need RI for bad debts.

ZeaXG Rights issue in the future, high potential of bad debts write off due to high overdue rental not collected.
22/06/2017 16:56
10/07/2017 03:10
cheated You can study whether Hektar debts actually increase or reduced as to why RI needed.
10/07/2017 03:22
cheated Pay you dividend then every 5 years ask you back money for RI not a cheat?
https://klse.i3investor.com/entitlement/5121/15-Aug-2012/5690_1184777610.jsp
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5440453

md1961 why sell and buy OR better? Anzo right issue was 0.20 and now the stock price is 12.5 so much way below that the Right Issue price.

So it is not guaranteed that buying Offer Rights Issue can make money - tell me if I am wrong?

The main intention to accumulate REITS is for their quarterly dividends so I still think that continue accumulate this REIT is still good or better than keeping your money in FD. Their returns giving yield 6.4%
10/07/2017 03:22
William_Cheng Luckily I have sold Mahkota and Subang Parade. See now Hektar need your money from right isuue. Parkson is cash rich.
10/07/2017 10:16
md1961 Basically I was attracted to REITS for its quarterly dividend payout.
Choose Hektar Reit for its past good performance. (DPU 10.5 sen for the past several years)

Done initial purchased on 02-May-17 for 10,000 @ 1.590.
Added 5,000 units when the price dropped to 1.570

In 3 months has accumulated 50,000 shares, total investment RM 76,080 (incl. trxn cost)
1) May 2017 -32,000 shares (RM 50,135)
2) Jun 2017 - 12,500 shares (RM 18,409)
3) July 2017 - 5,500 (RM 7,536)

So if I dispose today 50,000 @ 1.25 , I will stand to lose RM 13,580

REIT is an income stock. Despite Hektar price plunges, in my opinion we should just hold on and keep this as a long term investment as they has been giving out a good returns (average yield above 6.4%)

I hope this forum are put into use as input for some of us to make an inform decision.
After all it is your hard earn money and the choice is yours.
11/07/2017 18:28
ks55 RI at 1.11
Up to you to interpret......

http://www.bursamalaysia.com/market/listed-companies/c5487053ompany-announcements/
14/07/2017 19:53
ivan9511 ri is not good la 1.11 . stupid
15/07/2017 00:43
ks55 You are very clever?
16/07/2017 00:15
cheated Chun chun said Hektar is a cheat. Allmost all Reits no need RI except Hektar.
16/07/2017 16:21
cheated Pay you dividend ask back RM 1.11 every stocks also can do.
16/07/2017 16:21
ks55 So everybody should sell Hektar now and buy back at 1.11
Sokong sama lu.....
16/07/2017 16:23
ivan95111 Pay you dividend ask back RM 1.11 every stocks also can do.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5487053
16/07/2017 16:25
ivan95111 Sell now buy OR or you lose money.
16/07/2017 16:25
ks55 Last time I bought Hektar at 89 sen
calvintaneng better still, at 86 sen

Hektar good to buy at 1.11 only........otherwise RI won't be at 1.11
16/07/2017 16:27
ivan95111 RI RM 1.11 below RM 1.2 safer.
16/07/2017 16:27
4444 UMWOG RI 30 sen now 28.5 sen so Hektar same logic RM 1?
16/07/2017 16:31
ks55 Below 1.00 is better.
Last time bought it for 89 sen only.

If fall to 70 sen, will sailang 2m shares.

calvintaneng: Are you with me?
16/07/2017 16:31
md1961 Hektar news is already out


Renounceable rights issue of 60,966,061 new units in Hektar Real Estate
Investment Trust (Hektar REIT) (Units) (Rights Units) on the basis of 7 Rights
Units for every 46 existing Units held in Hektar REIT at 5.00 p.m. on 31 July
2017, at an issue price of RM1.11 per Rights Unit (Rights Issue)
17/07/2017 10:29
BuZiDao Anyone know for what is the purpose? Buy a new mall or renovation?
17/07/2017 11:15
Dias Already stated in the Bursa announcement, buy 1Segamat mall (funding is mix of RI and debt). Can't go 100% debt as gearing will hit close to 50% limit.
17/07/2017 12:22
investabc Hektar had right issues few years ago @rm1.23 for new malls. After that was done, the share price went up to rm1.50+ in short time.
17/07/2017 13:20
ks55 Last time I bought at 89 sen.
calvitaneng was even better, he bought at 86 sen......
17/07/2017 16:39
investabc Last time when hektar was 89 cents i didnt buy it. I bought supermax instead at 80 cents. Supermax went up to 8 ringgit plus in 1 year time. I sold the supermax then and bought hektar. I hold very little hektar now after i switched to atrium few months ago. Cheers!
17/07/2017 17:04
ks55 William_Cheng was the best.
Last time he sold Subang Parade and Mahkota Parade for free.
Now Hektar has to go for RI.


William_Cheng -- I have sold Mahkota and Subang Parade. See now Hektar need your money from right isuue.
17/07/2017 17:12
Orang_Melaka Doesn't make sense why right issue(RI) needed. Heard Parkson Mahkota Parade will close down soon so need RI.

ks55 William_Cheng was the best.
Last time he sold Subang Parade and Mahkota Parade for free.
Now Hektar has to go for RI.


William_Cheng -- I have sold Mahkota and Subang Parade. See now Hektar need your money from right isuue.
17/07/2017 17:12
18/07/2017 08:57
Orang_Melaka Idiot bought at 1.34. Smart people buy OR or even better at 86 sen like Calvin.
18/07/2017 08:58
yenyen How about If less than 46 existing Units held in Hektar ??
18/07/2017 18:03
4444 CapitaLand’s REIT hit by lower income from its Klang Valley malls
Read more at http://www.thestar.com.my/business/business-news/2017/07/19/capitalands-reit-gains-lower-income-from-its-klang-valley-malls/#I2e4flrrQtGd8HZ2.99
19/07/2017 21:02
4444 Hektar RI because lower income like CMMT?
19/07/2017 21:03
4444 RI because QR loss RM 50 million coming. 70 sen safer.
19/07/2017 22:11
ks55 I believe 70 sen is a good buy.
If fall to 50 sen, I will convert all my Reits to Hektar........
By then, Parkson should be only 10 sen...........
19/07/2017 23:28
investabc CMMT quater eps 1.38 sen share price rm1.55. Hektar quater eps 2.4 sen share price rm1.34. Its a no brainer.
19/07/2017 23:53
Low Shen-Cheang If you sell now, your are being tricked and will regret later. Price will go back to its asset value as Hektar's business is stable. Right now some big share holders suppress it's price so come RI time they got them cheap. Hektar's yield distribution will be 7% at current pricing, highest in REIT.
20/07/2017 12:07
investabc There are few here working hard to bring this share price down in order to get cheap TR s.
20/07/2017 13:15
md1961 Low Shen- Cheang & Investabc - agreed, yield distribution is good.
Now waiting for their right issue form. Does anyone knows whether it has been mail to us already?
20/07/2017 17:11
myway http://www.bursamalaysia.com/market/listed-companies/company-announcements/5489077
HEKTAR - Notice of Rights Entitlement

HEKTAR REAL ESTATE INVESTMENT TRUST

Renounceable rights issue of 60,966,061 new units in Hektar Real Estate Investment Trust (Hektar REIT) (Units) (Rights Units) on the basis of 7 Rights Units for every 46 existing Units held in Hektar REIT at 5.00 p.m. on 31 July 2017, at an issue price of RM1.11 per Rights Unit (Rights Issue).

Kindly be advised of the following :

1) The Right commence of trading : 1 Aug 2017
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : 2 Aug 2017
3) The last day and time for Acceptance, Renunciation and Payment : 15 Aug 2017
4) The Rights cessation quotation : 8 Aug 2017

The Stock Short Name, Number and ISIN Code HEKTAR-TR, 5121TR and MYL5121TR000
20/07/2017 20:56
4444 RI mean something is wrong in Hektar. Could be debts uncollectible. Only con company ask for RI.
21/07/2017 15:28
4444 Last chance to sell at 1.34. Once OR traded Hektar could worth only 1.12.
21/07/2017 15:29
AK2899 stupid nonsen comment ! you think everyone so naive and listen what u said ? so easy 1.12 ? if 1.12 does it mean the Right only worth 0.01 sen ?
21/07/2017 19:19
idunwork I am buying at this low price. Please don't sell unless you are desperately needing money. After right issue done hektar shares will go up quickly. Buying now at 1.34 costs same money compared to later if you buy TR plus 1.11. No one is smarter than others.
21/07/2017 20:57
4444 inlandmarks Shopping malls will be substantially over supply, so Hektar want RI?
22/07/2017 15:23
newbie4444 Could be bank borrowings at max limit so need RI?
22/07/2017 16:41
Dias Shopping mall space are in oversupply in Klang Valley/major cities. Distance between malls in smaller towns like in Muar are further apart (assuming that it is not the only mall in the area) and hence will enjoy better rental reversions post-AEI as over-supply issues are non-existent.

It is REITs that wish to purchase malls in Klang Valley that we must be more careful of.
24/07/2017 13:40
investabc Hektar has subang parade in kl area. This mall has big freehold land and was valued around 427 million. Does any one here know this is good value ?
24/07/2017 14:11
4444 If good value no need RI. Old building who wants?
25/07/2017 00:09
4444 RM 50 million loss next mth. So RI to cover loss?
25/07/2017 00:10
Dias Building valuation is only relevant if REIT want to dispose. Other than that, it is just value on the balance sheet.

RI is to partly finance acquisition (the balance is through borrowings). That will help offset the lower rental reversion (plus there is AEI coming up for Subang Parade and Mahkota Parade, so there will be some rental hit like what happened during the last AEI exercise).
25/07/2017 01:54
Low Shen-Cheang Read Hektar's report you will know the Right Issue is for buying a shopping mall in Johor, Muar if I am not mistaken, not for covering loss or for paying back loan. Hektar now have 6 shopping malls, 5 of them outside Klang valley. It is lease affected by competition in Klang Valley.
25/07/2017 10:29
myway Last day to log in for the Rights Issue
EX-date: 27 Jul 2017.
26/07/2017 08:34


 

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