Next dividend is after 23 Q2. Precovid, hektar earned about 10 million per quater. At current share price, investors should be happy with 6 or 7 million nett earning per quater. Once the market is normalized, hektar will earn more like before.
Traders might let go. But don't mind, long-term investments are almost always profitable when investors try and time their holdings, especially investment in REITs
Hektar currently trades at a compelling FY24F PE of 10x vs. its 2-year average (pre-pandemic, FY18-19) of 15x. Meanwhile, FY24F distribution yield of 9% is attractive vs. 10-year MGS yield of 4%.
Gross Profit : RM117.4 m (2022) vs RM96.5 m (2021) Net Property Income: RM58.6 m (2022) vs RM47.0 (2021) DPU: 8.00 sen (2022) vs 2.53 sen (2021) ... Overall, their performance in 2022 was better than that in 2021 (low-based) and Hektar's is catching up in progressive pace to pre-pandemic level
REITs movement will be slow and actually this way is the best. The low Hektar share price is actually a bonus. Reits investors are usually group of investors which are not so much for the capital gain but on the yearly dividend yield. So a low share price translate into higher yearly dividend which is a much better a once off capital gain.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AndrewHo93
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Posted by AndrewHo93 > 1 month ago | Report Abuse
Possible they will raise OPR to 3%. Let's see how the market react on the OPR hike...
https://www.freemalaysiatoday.com/category/business/2023/02/20/economists-expect-bank-negara-to-raise-opr-to-3/