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Highlights
KLSE : HEKTAR       HEKTAR REITS
Last Price Today's Change   Day's Range   Trading Volume
1.51   0.00 (0.00%)  1.50 - 1.51  91,600

Overview

Board:Main Market
Sector:REITS
Avg Volume (4 weeks):67,710
4 Weeks Range:1.47 - 1.52
52 Weeks Range:1.42 - 1.64
Average Price Target:1.45
Price Target Upside/Downside:-0.06
View Price Target Detail

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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greatdreamer For factors influence the share price movement, top factor is rental revision rate while liquidity is secordary factors. When one day a small reit counter achieve a high rental revision rate, big fund still won't be buying but hedge fund is willing to buy. This will cause sharp share price upward movement.

For hektar, the rental revision rate for the time being is still weak (esp melaka parade mall)compared with big reit like cmmt and pavreit.
04/01/2013 12:16
chongkonghui Miss out so many good stock, especially REIT.

Earn a lot less but less chance to loss money too.
15/01/2013 16:40
greatdreamer Outlook of Hektar are getting better & better.

Annual report 2012 indicate 2012 traffic for Subang Parade & Mahkota Parade increase by 44% and 34% respectively. Therefore, healhty rental revision rates expected for both mall in 2013.

On the other hand, the reposition & reburnishment of 2 new kedah malls acquired in Oct 2012 (Landmark & Central Square), are expected to completed by end 2013. Healthy rental revision rate are expected after the exercise.

With (1) stronger outlook of rental revision rates, (2)current high gross yield at 7.1% (10.5/148) and (3)potential yield compression since retail peer trade at yield range 4.5% to 5.0%, these 3 fundamental factors point to the high possibility of strong run up of hektar share price in later part of 2013.
10/03/2013 18:20
chongkonghui Yield Compression comes, SELL for Capital Gain.
Yield Compression don't come, KEEP for 2x FD return.

Come, good; Don't come, also good.
11/03/2013 21:50
derricksyl Will announce dividend soonest by next month.
10/07/2013 00:18
unclekoo9900 這隻股好嗎?
13/09/2013 14:12
chongkonghui Dividend coming soon...
13/01/2014 14:03
calvintaneng Greatdreamer,

Good News,

15 Million Tourists Expected to Visit Historic Melaka in this VISIT MALAYSIA YEAR 2014.
Many will visit Mahkota Parade. Reit is a defensive counter.

Another defensive counter is SILK Toll Road. More Tourists also mean many more cars & coaches passing by toll roads.

Calvin Tan from PM Corp & MUI Berhad Forums
19/01/2014 21:06
Fitri bila nak refurbish subang parade? mall yang dah lapuk lah
04/02/2014 10:34
Johnny Mah After the missing plane incident, China tourists will choose other place, Thailand, Indonesia.
I don't think Visit Malaysia Year 2014 will have a good result.
14/03/2014 09:24


 

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