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....
Xavierthesaviour
64 posts
Posted by Xavierthesaviour > 2023-02-28 13:47 | Report Abuse
Aminvest buy call Hektar, 81 sen TP
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%.