HEKTAR REITS

KLSE (MYR): HEKTAR (5121)

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Last Price

0.57

Today's Change

-0.005 (0.87%)

Day's Change

0.57 - 0.575

Trading Volume

20,100

Overview

Market Cap

269 Million

NOSH

471 Million

Avg Volume (4 weeks)

332,894

4 Weeks Range

0.53 - 0.62

4 Weeks Price Volatility (%)

44.44%

52 Weeks Range

0.44 - 0.63

52 Weeks Price Volatility (%)

68.42%

Previous Close

0.57

Open

0.575

Bid

0.57 x 8,900

Ask

0.575 x 64,600

Day's Range

0.57 - 0.575

Trading Volume

20,100

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2022 [#1] | 23-May-2022

Next QR | Est. Ann. Date

30-Jun-2022 | 26-Aug-2022

T4Q P/E | EY

-12.64 | -7.91%

T4Q DY | Payout %

4.44% | 0.00%

T4Q NAPS | P/NAPS

1.17 | 0.49

T4Q NP Margin | ROE

-21.47% | -3.86%

Company Profile

Sector: REAL ESTATE INVESTMENT TRUSTS

Sector: REAL ESTATE INVESTMENT TRUSTS

Subsector: REAL ESTATE INVESTMENT TRUSTS

Subsector: REAL ESTATE INVESTMENT TRUSTS

Description:

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.

Discussions
Be the first to like this. Showing 50 of 617 comments

cn21

https://www.sinchew.com.my/20211016/%E5%BC%80%E6%94%BE%E8%B7%A8%E5%B7%...
开放跨州首周末-马六甲现车龙-人潮

Hektar is the owner of Mahkota Parade in Melaka town.

2021-10-16 17:06

cn21

https://www.enanyang.my/%E9%A9%AC%E5%85%AD%E7%94%B2/%E7%94%B2%E5%B7%9E...

马六甲/甲州3收费站-两天车流量增

2021-10-16 17:08

cn21

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E6%91%86...

摆脱连续两年颓势-零售业明年料增长8

2021-10-17 09:34

JoeJambul

Hektar will need to pay dividend by early 2022 to avoid being taxed. Looking at the current profit, dividend should be around 3 sen. If you buy at the current price, it is quite a decent yield. Should start accumulating now.

2021-11-05 09:58

JoeJambul

Private placement announcement today. Looks like raising cash to pay dividends soon.

2021-11-15 21:37

Justmeme

Which company will ever do Private placement to raise cash for dividend payment ?. If this is the case then better cabut

2021-11-19 16:32

JoeJambul

From Q2, Hektar has accumulated RM40 mil cash. I think they will be paying one shot big dividend soon.

2021-11-25 10:19

NatsukoMishima

The dividen collected in last 5 years not enough to cover your capital loss ! It look like going to bankrupt soon , never touch this kind of stock !

2021-12-08 21:15

Justmeme

NatsukoMishima . Since the NTA of the company is still above 1 ringgit. There is only 1 way. Fire the whole management team. Sell all the whole asset etc etc and distribute the money back to all the share holders. even if 80% of the value is OK with me.

2021-12-10 11:09

JoeJambul

I am expecting a good dividend for early next year. Price so damn cheap to enter now.

2021-12-16 09:50

newguy0801

Bought at 0.54, still dropping..

2021-12-23 10:41

kasinathan

The placement to the institutional buyer was offered at 45.5 cents. More room to go to south!

Expect to trade below 40 cents soon

2021-12-23 12:18

kasinathan

The cash flow is in dire position....the company is needed cash for survival. The prospect of revenue to sustain at the current level is deemed as impossible with the omicron varient in place...

45.5 cents of offered price is a reflection of how desperate the company was

2021-12-23 12:22

ahbah

Why offered to institutional buyer 45.5 sen ?

Why no offer to retailers at lower price ?

2021-12-23 12:23

newguy0801

Well, we don't know. Shares with minimum intrinsic value of RM1 sold at RM0.45. This really shows how poor the cash flow is. I agree with kasinathan that most of the money owned by Hektar is just assets now.

2021-12-23 12:32

newguy0801

It's not like REITs is a huge market in Malaysia. If HEKTAR get ruined, then there is only a glimpse of hope left for the future of REITs.

2021-12-23 12:34

JoeJambul

As at Q3 2021, Hektar has already made Earnings Per Unit of RM0.0206. If we include Q4, maybe can go to RM0.03 per unit. They will need go declare full year dividend early next year, if not Hektar needs to pay corporate tax instead. We are looking at RM0.027-0.03.

If you buy at the current price, keep it until dividend payment maybe in Feb/March, in 2/3 months’ time you will already get at least 5%. Not too bad right?

2021-12-24 10:16

newguy0801

Yes, technically not bad. However, that dividend not enough to cover my capital loss which is very sad.

2021-12-24 10:41

JoeJambul

Bro, you can buy more at the current cheap price to average down your cost. I am quite sure the price will recover in 2022, people will start going out again and retail will improve.

2021-12-24 10:53

newguy0801

Yes, but my funds are as tight as a virgin rightnow ahaha

2021-12-24 11:09

newguy0801

Plus, I am a really small trader so even the transaction fees can ruin me.

2021-12-24 11:10

JoeJambul

Take dividend first, at least reduce the loss. Then see how it goes from there.

2021-12-24 12:27

newguy0801

Usually, it's affected by negotiations. Maybe, the institutions gave a "fair" value of 0.450 before the private placement is taken.

2021-12-24 19:49

JoeJambul

I think it is standard practice to offer placement at a discount of up to 10% as an incentive to raise the money. If you are a placee, of course you are expecting a discount before you take up.

So far only 6.3 mil units of approved 23 mil units have been taken up. I think if you are interested to take up the placement at a cheaper price, maybe you can contact the IB and tell them you are interested. I am sure they are keen, they can get fees out of it.

2021-12-25 08:00

newguy0801

Shares ownership percentage by Simply Wallstreet:

Private Companies 32.4%
Institutions 31.9%
General Public 30.7%
Individual Insiders 5.1%

Top 2 Share Owners with more than 10% shares are:
Hektar Black Sdn. Bhd. 31.16%
Frasers Centrepoint Trust 31.15%

2021-12-25 17:41

newguy0801

The recent share price maneuver also made me worry as hell.
At least there is still hope seeing Singapore REIT (Frasers) still having significant shares in Hektar. If it also no confident in Hektar, then we straight game over.

2021-12-25 17:47

newguy0801

Another 3 million for private placement at 0.455. Too bad, I don't have the bargaining power for such private placements.

2021-12-28 12:54

JoeJambul

Looks like the placee has finished dumping today. Look forward to the price coming back up soon

2021-12-30 12:22

newguy0801

@Joe, thanks for your tips. I repurchased at 0.475. The price at least recovered.

2021-12-31 15:05

JoeJambul

The price has recovered a bit today, end of year last minute push. Hopefully it is sustainable. Happy New Year!

2021-12-31 17:17

newguy0801

Finally, the price recovered over 0.5

2022-01-03 09:06

dzells

betul..betul

kalau ada dividen baru investor mari

Ini hujung bulan kasi umum itu dividen la

2022-01-14 23:03

JoeJambul

Dividend 2.53 sen, not a bad yield with the current price.

2022-01-27 17:38

JoeJambul

2.53 sen bro. Around 5.3% yield on the current price.

2022-01-29 10:15

JoeJambul

Those who have cost at RM1.00, should have average down many time already. Hehe, but okla bagi chance. Hopefully after this maintain quarterly dividend, so those who buy now, very lucky la.

2022-01-31 09:18

JoeJambul

GSC opening (replacing MBO) in Subang Parade. Should be better for Hektar.

2022-02-08 17:37

pinchofsalt05

Quarterly announcement out for Hektar REIT, DPU yield 4.96% despite tough 2021

2022-02-25 18:14

firehawk

https://www.klsescreener.com/v2/news/view/956705/hektar-reit-s-dpu-yie...

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) posted a revenue of RM96.60 million for the financial year ended 31 December 2021 (FY21) down by 13.1 per cent compared to the same period last year.

For the fourth quarter (Q4) FY21, Hektar REIT recorded revenue of RM24.98 million, which is 16.2 per cent lower compared to the same quarter last year.

Hektar REIT registered a net property income of RM12.38 million for Q4, which is a slight increase of 0.2 per cent compared to the same quarter last year, while realised income for Q4 2021 was 185.5 per cent higher at RM3.21 million compared to the RM1.12 million recorded in Q4 2020.

2022-02-26 22:07

cn21

Frasers Centrepoint Asset Management Ltd should acquire Hektar..... especially right now Hektar's price is so cheap.....only 42% of NTA ie more than 50% discount.

2 months ago

cn21

Frasers Centrepoint Asset Management Ltd holds 31.15% of the units in Hektar Real Estate Investment Trust (“H-REIT”)....Should buy more and take over the management............right now Hektar's price is so cheap.....only 42% of NTA ie more than 50% discount.

2 months ago

JoeJambul

During AGM, management committed for dividend every quarter again. They should be announcing Q1 dividend this month. Time to accumulate?

1 month ago

cn21

Frasers Centrepoint Asset Management Ltd holds 31.15% of the units in Hektar Real Estate Investment Trust (“H-REIT”)....Should buy more and take over the management............right now Hektar's price is so cheap.....only 42% of NTA ie more than 50% discount.

1 month ago

cn21

Good quarterly result......should get a very much higher dividend this year.....

1 month ago

miniminer

Good QR result of 2.92 cents !!! Beat CapitaLand by few streets. Congratulation and please announce the quarterly dividend la, go go Hektar ...........hehehe...........................

1 month ago

hao091194

why company still require Private placement since already can earn the money from 1 quarter

4 weeks ago

JoeJambul

My expectation:-

1. Dividend of 3 sen in Aug based in half yearly results (Q1 already made 2.92 sen)
2. If invest now, in less than 3 months, can get 5.5-6.0%.

4 weeks ago

Justmeme

Did anyone here mention that Hektar will restart paying Quarterly dividend ?

3 weeks ago

JoeJambul

They announced during AGM that they will go back to quarterly dividend, but then decided to do half yearly instead. Well I hope good half yearly dividend then.

3 weeks ago

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