External broker reports(aggregated public sources), Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad

Hong Leong Investment Bank Berhad operates as an investment banking company. The Company provides debt and equity funding, private debt securities issuance, merger and acquisitions, initial public offerings, corporate restructuring, and stockbroking services. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

Hektar Real Estate Investment Trust / Equity Bottom-Up

Hektar Real Estate Investment Trust (HEKT MK)

<ul><li>We initiate coverage on Hektar with a HOLD recommendation and TP of RM0.60, based on FY24f DPU at a targeted yield of 11%.</li><li>We project Hektar’s earnings to grow by 9.5%/8.2%/3.5% for FY23f/FY24f/FY25f – mainly driven by expansion in occupancy rate offsetting the slight negative rental reversion.</li><li>Our forecasts imply a divvy yield of 9.0%/9.8%/10.1% for the corresponding periods.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

We initiate coverage on Hektar with a HOLD recommendation and TP of RM0.60, based on FY24f DPU at a targeted yield of 11%.We project Hektar’s earnings to grow by 9.5%/8.2%/3.5% for FY23f/FY24f/FY25f – mainly driven by expansion in occupancy rate offsetting the slight negative rental reversion.Our forecasts imply a divvy yield of 9.0%/9.8%/10.1% for the corresponding periods.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hektar Real Estate Investment Trust

Hektar REIT - Poised for Steady Recovery