KLSE (MYR): HEKTAR (5121)
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Last Price
0.71
Today's Change
+0.025 (3.65%)
Day's Change
0.685 - 0.71
Trading Volume
2,458,600
Retailers are less optimistic on the spending power of Malaysian consumers during the current quarter.
RGM had revised downwards third quarter growth rate from 3% to 1.4%. This is a 53% drop from the earlier projection.
https://theedgemalaysia.com/node/681755
2023-10-30 13:41
Hektar performance in q3 & q4 should be holding up despite the forecast, good timing to diversify too
2023-10-30 13:45
Hektar's PE is 4.41 x only currently with around RM1.2 in NTA. Extremely undervalued
2023-10-31 13:42
Overall market seems to recover in a steady pace, REITS including hektar etc earning should be improving on 2nd half of the year as well
2023-10-31 17:15
On 11 October 2023, UOBKH, had on behalf of the Board, announced that Hektar REIT intended to undertake a private placement of up to 20% of the total number of issued units of Hektar REIT pursuant to the Authority granted by unitholders at the AGM dated 6 April 2023 ("Previous Proposed Private Placement").
After due deliberation on Hektar REIT's funding requirements, the Board has decided to revise the structure of the Proposed Private Placement to entail an issuance of up to 15% of the total number of issued units of Hektar REIT to third party investor(s) at an issue price to be determined later.
Further details of the Proposed Private Placement are set out in the attachment enclosed.
This announcement is dated 7 November 2023.
2023-11-07 20:52
The issue price of the Placement Units is assumed to be RM0.55 each, which represents a discount of approximately 9.20% to the 5D-VWAMP of Hektar REIT Units up to and including the Revised LPD of RM0.61.
Based on the illustrative issue price of RM0.55, the Proposed Private Placement is expected to raise gross proceeds of up to RM41.71 million.
2023-11-07 20:54
The shares for private placement still not issued yet .... will only be issued someday in the future
2023-11-10 16:27
UOBKH wishes to announce that the Board had on 5 December 2023 resolved to fix the issue price for the Private Placement at RM0.56 per Placement Unit.
The issue price of RM0.56 per Placement Unit represents a discount of 9.14% to the 5-day volume weighted average market price of Hektar REIT units up to and including 4 December 2023, being the last traded day of Hektar REIT units immediately preceding the price-fixing date, of RM0.6163 per Hektar REIT unit.
This announcement is dated 5 December 2023.
2023-12-05 20:54
Noticed at Subang Parade already upgrading the downlights on the upper floors. Much brighter and according to the technicians there it is a lot more efficient. Also they mentioned they are using only PHILIPS for all their malls as ESG is a major concern for them.
2023-12-15 17:29
Hektar has around RM300m debt expiring in 2024. Any view the how the management team will settle it?
2024-01-02 20:20
EV charging station Hektar probably gonna be more involved in EV related infrastructure in near future too https://pencurimoviee.com/
2024-01-21 04:46
Don't care liao, wait for the Ang Pow, CNY first .......hehehe................
2024-01-29 15:21
Hektar Real Estate Investment Trust (Hektar REIT) issued five-year medium-term notes (MTNs) worth RM215m — the first issuance under Hektar MTN Satu Sdn Bhd's MTN programme of up to RM500m in nominal value. The MTNs have a coupon rate of 4.2% per annum and are guaranteed by Credit Guarantee and Investment Facility, a trust fund of the Asian Development Bank. Proceeds from the guaranteed MTNs will be used to refinance existing borrowings and fund the REIT's capital expenditure and asset enhancement initiative for Subang Parade.
2 months ago
Less established and suburban malls did not fare as well compared to prime counterparts. YoY, the 21% drop in Hektar’s distributable income was mainly attributed to the increase in finance cost and negative rental reversion in FY22.
1 month ago
Think they are now planning some portfolio adjustment. Moving into other higher value properties with the new mamagement
1 week ago
HEKTAR +3.65%. This year's new high. No published news in Bursa nor reported here.
Thanks to HEKTAR plus 20 other green stocks offsetting 15 red stocks, my portfolio made new all time high again today! Thank-you Mr Market!
16 hours ago
http s://dividendguy67.blogspot.com/2024/05/hektar.html
Actually, I only entered HEKTAR in late January at 65 sen initially, so, held for 3+ months now.
When price fell, I averaged down and added more at 62 sen and 61.5 sen.
Then, when price stopped falling, I added more at 63, 63.5 and 64 sen.
My average price is 63 sen.
For a REIT to rise so fast to 71 sen, that's a bonus. Note the attractive dividend yield after tax.
Yes, it's not a great quality REIT compared to others, but at the end of the day, it's total returns we are after and sometimes, rubbish stocks that nobody wanted gives higher predictable returns than great quality stocks that everyone wants. :-)
End of the day, I was definitely just lucky.
12 hours ago
OppenHermes
Moving forward, Hektar will present even better performance after the acquisition of Kolej Yayasan Saad
2023-10-30 11:36