Highlights
KLSE: HEKTAR (5121)       HEKTAR REAL ESTATE INVESTMENT TRUST MAIN : REITS
Last Price Today's Change   Day's Range   Trading Volume
0.55   -0.03 (5.17%)  0.55 - 0.59  711,800
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Overview

Market Cap: 254 Million
NOSH: 462 Million
Avg Volume (4 weeks):401,140
4 Weeks Range:0.49 - 0.59
4 Weeks Price Volatility (%):
60.00%
52 Weeks Range:0.49 - 1.01
52 Weeks Price Volatility (%):
11.54%
Average Price Target: 1.05
Price Target Upside/Downside: +0.50

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  26-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  27-Nov-2020
T4Q P/E | EY: 136.67  |  0.73%
T4Q DY | Payout %: 9.76%  |  1,334.44%
T4Q NAPS | P/NAPS: 1.3178  |  0.42
T4Q NP Margin | ROE: 1.50%  |  0.31%

Headlines

Date Subject
26-Aug-2020 Hektar 2Q2020 Quarter Report
29-May-2020 PublicInvest Research Headlines - 29 May 2020
06-May-2020 KLCCP Stapled Group - 1QFY20 Within Expectations
06-Mar-2020 [转贴] 天哥看产托 第10集~产托里的股息王~HEKTAR ~ 第一天
03-Jan-2020 【视频】贺达产托 周息率仍诱人
30-Dec-2019 Hektar REIT - Merry Yield & Happy Yule

Business Background

Hektar Real Estate Investment Trust is a retail focused REIT. Hektar REIT's principal objective is to provide its Unitholders with a defensible income distribution and to enhance the long-term value of the fund. It invests in income-producing real estate primarily used for retail purposes. Hektar REIT's portfolio currently consists of shopping centres situated in Subang Jaya, Melaka, Muar, Sungai Petani and Kulim.
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getingreal 8.4 million p.a in Management fees!
07/07/2020 1:52 PM
e1zzz Due to the grant of a temporary deferment of all profit payments to our financiers, Malayan Banking Berhad and Maybank Islamic Berhad, from April 2020 to September 2020 (“Moratorium Period”), Hektar REIT is prohibited from paying out any dividends to its unitholders until full settlement of the deferred interest/profit payments on all financing facilities for the Moratorium Period.

Taken from latest quarterly report
09/07/2020 11:21 PM
getingreal The quarterly report does not item disclose the Management fees being taken, I wonder why?
In deciding to take advantage of the Bank loan Moratorium and temporarily defer accumulating interest payments till later, Hektar management has not only used this as an excuse not to pay DPU but has now caused Unit Holders to loose the tax free status on the DPU and will now have 10% deducted from the future distribution. The DPU would have been tax free otherwise. A hefty price for unit holders to pay for a deferment of a few months of interest that is accumulating for later payment.
13/07/2020 9:53 AM
BuZiDao I am holding a very small amount of share for a decade. As a layman point of view. I can see the shares value is dropping yearly, the dividends also dropping yearly. I still haven't get back my cost. Do you think DY looks attractive now? I don't think so. Its could be a trap. Lets observe after the MCO. Will the management really got the super power to bring it back to alive.
24/07/2020 8:03 PM
newbie5354_ Just 1 sen off March 20 lowest. Any bad news?
07/08/2020 6:21 PM
newbie5354_ If Reit no pay dividend what will happen?
07/08/2020 6:23 PM
newbie5354_ Is coming PP behind share slump?
07/08/2020 6:25 PM
signalmw Vjeap
11/08/2020 4:02 PM
I_like_dividend Bought some for dividend soon.
11/08/2020 4:27 PM
Justmeme Why is it dropping so much n dropping almost daily ?. Is the management problem ?
12/08/2020 10:02 AM
kasinathan The company will be making announcement on dividend on Aug 26 in a press conference.

Hopefully, they will be paying dividend amounting to 3.53%
18/08/2020 9:50 AM
kasinathan Buy now before shooting up like MQreit.

BNM is expected to drop interest rate from 1.75% to 1.5% in September. This augur well for the reit.
18/08/2020 9:52 AM
kasinathan At 60 cents, hektar is expected to generate dividend yield at about 10% assuming they cut 23% from the last year base of 7.71%.

The price has been drop from 99 cents from Dec 31 closing. Quite safe on current price ranges.
18/08/2020 9:57 AM
kasinathan Judging from the historical price pattern, believe hektar would be offer good capital gain at the current price ranges
18/08/2020 10:00 AM
kasinathan REIT like any other stocks, inherited risk when you get at high price. Likewise, when your entry price at lower like the current ranges, you will get handsome return.
18/08/2020 10:45 AM
kasinathan Be a contrarian
18/08/2020 10:45 AM
Gapari Kitingan be a contrarian means dont buy now since you are saying buy now!. lol....anyway the major shareholder hektar black s/b has been selling lately. The malls wont be recovering so fast. Somehow the mall manager appear to be weak. Just look at Subang Parade. Compare it with the nearest Empire Subang or Aeon Big. I think even Aeon Big has better attraction than Subang Parade. Subang Parade is located at the heart of Subang Jaya. Is sad that the mall manager does not do what it takes to attract footfall. Just my 2 cents.
19/08/2020 11:55 AM
UncleFollower Yes terrible management making it very cheap. Firesale
19/08/2020 3:05 PM
Lokeatme Hopefully got dividend payout coming this quarter...
24/08/2020 2:27 PM
kasinathan Market cap = Total share X share price
= 461.96 million X RM 0.575
= RM 265.63 million

Net Tangible Asset as of 31 Mar 2020
= RM 607.25 million

Discount to market cap = RM 341.62 million
24/08/2020 4:12 PM
kasinathan Expected dividend yield for 2020 = 5.9 cents

Assuming the dividend would be reduce 23% from last year 7.71%

At 0.575 cents, the dividend yield representing more than 10% with NTA discounted 56%.

It's certainly under value!
24/08/2020 4:18 PM
kasinathan The quarterly result will be released by tomorrow
25/08/2020 11:33 AM
kasinathan The announcement for the dividend is expected to be released simultaneously.

Don't wasting your opportunity!
25/08/2020 11:35 AM
kasinathan 65 cents is coming !
26/08/2020 10:00 AM
kasinathan After today announcement, good dividend...
26/08/2020 10:05 AM
Lokeatme Hope so... Malls affected a lot during MCO...
26/08/2020 2:03 PM
Justmeme Any announcement yet ?
26/08/2020 2:39 PM
kasinathan Your investment is not for one quarter ....
26/08/2020 3:44 PM
kasinathan Result to be released by today, perhaps after 5pm.
26/08/2020 3:45 PM
kasinathan Hopefully, the first and second quarter dividends to be paid in October simultaneously.
26/08/2020 4:02 PM
kasinathan No dividend being announced yet.
26/08/2020 6:04 PM
kasinathan poor result is within expectation.
26/08/2020 6:05 PM
Lokeatme Yes.. hope for the best... But I rather prepare for the worst..
26/08/2020 6:17 PM
kasinathan Agreed. I will accumulate gradually to 1 million units as I bet on the second tier retail mall which is less competition if compared to kelang valley.

Bandar Malaysia is coming up and would add pressure to the existing office and retail mall here
26/08/2020 7:53 PM
investfuture Hektar released 2Q2020 quarter report,Realised income per unit 0.32cent(RM)per unit,compare to same period of time in 2019, dropped 84%

for more detail:
https://vitamincash.com.my/en_US/2020/08/26/hektar-2q2020-quarter-report/
26/08/2020 8:35 PM
Lokeatme Tks for the detail, research is helpful and realities
26/08/2020 10:29 PM
5354_ Why not Nov'20 or even later when Nov'20 QR announcement?

kasinathan Hopefully, the first and second quarter dividends to be paid in October simultaneously.
26/08/2020 4:02 PM
27/08/2020 8:03 AM
Justmeme But I heard no dividend have been declared for 1st half. Is it true ? Now have to wait till next year Feb
27/08/2020 12:39 PM
kasinathan I was visited Malacca yesterday but found out mahkota mall was virtually 30% of visitors if compared in September. Many shops were unoccupied!

I guessed hektar result would be extremely bad.
25/10/2020 5:46 PM
kasinathan USJ subang is almost dead
25/10/2020 5:46 PM
Lokeatme People afraid come out nowadays... Waiting for the vaccine ...
27/10/2020 10:24 PM
kasinathan The cash is virtually negative if compared to the size of borrowing. Will the company below water judging from the extremely tough business environment during covid 19?
02/11/2020 12:38 PM
Justmeme Should we suggest the management cut their management fees ? It goes with the time
03/11/2020 2:44 PM
kasinathan No dividend fir this financial year. 35 cents is coming
04/11/2020 11:46 AM
kasinathan Below water level is inevitable as the tenants are below water level as well
04/11/2020 11:47 AM
kasinathan To test 40 cents soon
09/11/2020 11:43 AM
kasinathan Probally after quarterly report out on next 2 weeks
09/11/2020 11:44 AM
UncleFollower There's a limit to how much a REIT can fall. No worries
16/11/2020 3:14 PM
Rex Ang murah...beli sikit simpan
18/11/2020 10:11 AM
UncleFollower My Hektar stake is making me more $ than Pav & Sun REITs...
24/11/2020 11:38 PM


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