Highlights
KLSE: ALAQAR (5116)       AL-AQAR HEALTHCARE REIT MAIN : REITS
Last Price Today's Change   Day's Range   Trading Volume
1.40   0.00 (0.00%)  1.38 - 1.40  9,200
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Overview

Market Cap: 1,030 Million
NOSH: 736 Million
Avg Volume (4 weeks):56,752
4 Weeks Range:1.35 - 1.42
4 Weeks Price Volatility (%):
71.43%
52 Weeks Range:1.19 - 1.65
52 Weeks Price Volatility (%):
45.65%
Average Price Target: 1.52
Price Target Upside/Downside: +0.12

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2020 [#1]  |  29-May-2020
Next QR | Est. Ann. Date: 30-Jun-2020  |  30-Aug-2020
T4Q P/E | EY: 13.61  |  7.35%
T4Q DY | Payout %: 5.54%  |  75.35%
T4Q NAPS | P/NAPS: 1.301  |  1.08
T4Q NP Margin | ROE: 70.21%  |  7.91%

Headlines

Date Subject
06-Jun-2020 alaqar 1Q2020 quarter report analysis
01-Jun-2020 Al-'Aqar Healthcare REIT - Stable Earnings Outlook
06-May-2020 KLCCP Stapled Group - 1QFY20 Within Expectations
23-Mar-2020 Technical Buy: ALAQAR (5116)
26-Feb-2020 Al-`Aqar Healthcare REIT - Attractive Upside
22-Nov-2019 Al-`Aqar Healthcare REIT - Flattish Earnings
03-Sep-2019 Al-`Aqar Healthcare REIT - Slight Dip Due to Maintenance Expenses
27-Aug-2019 PublicInvest Research Headlines - 27 Aug 2019
27-Aug-2019 Al-`Aqar Healthcare REIT - Buys KPJ Batu Pahat for RM78m
27-Aug-2019 Mplus Market Pulse - 27 Aug 2019
19-Jul-2019 Al-`Aqar Healthcare REIT - Positives priced in

Business Background

Al-Aqar Healthcare Real Estate Investment Trust is a Malaysia-based company. Its activity is investing in Syariah-compliant properties with the primary objective of providing unitholders with distribution and potential for sustainable long-term growth of such distribution and capital appreciation. The company operates through the geographic segments that are Malaysia and Australia. The Malaysian geographic segment generates maximum revenue for the company.
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  sms1981 likes this.
 
Yihming This stock still can invest?
04/10/2018 6:39 PM
kong73 Can
17/10/2018 11:20 PM
Lee Lee Wong Hi does anyone know how to calculate the dividend can help me out? I bought 2600 shares I thought that I could received around 49 but then I just got 34.08
20/10/2018 1:16 AM
kong73 INVESTMENT HIGHLIGHTS
•A defensive healthcare REIT
•Asset acquisition to expand portfolio
•Stable earnings in 1HFY18
•Steady earnings outlook
•Initiate Coverage with BUY Call and TP of RM1.45

A defensive healthcare REIT. Al-`Aqar Healthcare REIT (Al-`Aqar) is the world’s first listed Islamic Healthcare REIT and it is also the only healthcare REIT in Malaysia. Al-`Aqar is supported by its sponsor - KPJ Healthcare Berhad. As at Dec 2017, Al-`Aqar’s properties comprise of 19 hospitals and 3 healthcare related properties in Malaysia and Australia with total portfolio value of RM1.46b. In terms of geographical exposure, 21 out of the 22 assets are located in Malaysia while the remaining one asset is located in Australia.

Asset acquisition to expand portfolio. Al-`Aqar is looking to expand portfolio via asset acquisition. Asset acquisitions in the pipeline are KPJ Batu Pahat (RM70m), KPJ Kluang (RM80m) and KPJ Segamat (RM70m). The asset acquisitions are expected to take place within the next two years. Aside from asset acquisitions, Al-`Aqar is also looking at building ambulatory care centre and hospital expansion projects (Ampang Puteri Specialist and Penang Specialist) to expand their portfolio.

Stable earnings in 1HFY18. FY17 core net income of RM59.9m was weaker by 2.7%yoy, in line with weaker topline (-4%yoy) mainly due to loss of income from Selesa Tower. Meanwhile, earnings in 1HFY18 were stronger at RM32.3m (+10.3%yoy), supported by renewal of leases, rental contribution from car park block at KPJ Selangor Specialist Hospital (acquired in December 2017) and lower sukuk financing cost.

Steady earnings outlook. We expect Al-`Aqar core net income to grow 1.4%yoy in FY18 assuming stable rental reversion of +2% per annum. Nevertheless, we forecast FY19 earnings to be flattish as we expect higher refinancing cost of sukuk to offset the higher rental income. Meanwhile, distribution per unit (DPU) of Al-`Aqar is expected to remain stable which translates into net dividend yield of 5.7%.

Initiate Coverage with BUY call and TP of RM1.45, based on Multi Stage Dividend Discount Model (Required rate of return: 7.2%, Perpetual growth rate: 2.2%). We like Al-`Aqar for: i) its unique positioning as a defensive healthcare REIT in Malaysia, ii) stable earnings growth and low earnings downside risk and iii) its distribution yield of 5.7% is slightly higher than peer’s average of 5.6%.

Source: MIDF Research - 31 Oct 2018
02/11/2018 11:12 AM
vivoviva price will fall down soon
19/11/2018 5:04 PM
RainT @Lee Lee Wong

your dividend receive is net of tax and some charges

so that is why the net dividend , bank in to your bank account is less
21/12/2018 5:09 PM
RainT good this AL AQAR finally wake up and go up

finally , please up more to another level ya

before continue sleeping again ...
13/02/2019 11:47 PM
VSOLAR Sailang Margin All In Heavenly Punter's 3rd Pick!
14/04/2019 10:53 AM
VSOLAR Sailang Margin All In Looks really steady... buy this can sleep everyday
14/04/2019 5:58 PM
DreamKentut TENTU MUFLIS
25/09/2019 8:46 PM
DreamKentut BIG DROP COMING!
25/09/2019 8:47 PM
kong73 NEUTRAL recommendation. Our target price is based on DDM valuation. While we like Al-`Aqar as a defensive healthcare REIT in Malaysia with stable earnings and low earnings downside risk, unit price upside is limited at the moment. Distribution yield of Al-`Aqar is estimated at 5.0%.
01/10/2019 7:50 PM
Yippy68 buy when price drop back to 1.30 it is safest...
26/10/2019 6:59 PM
danielleesing Al-'Aqar Healthcare REIT in RPT to buy hospital for RM78m cash
14/11/2019 2:53 PM
kimpo Wow. 1.60.
What happened??
18/11/2019 2:25 PM
factslim1 For the fourth quarter ended Dec 31, 2018 (4QFY18), net rental income rose 5.9% to RM24.36 million versus RM23.01 million for the previous year on higher contributions from its Australian segment.

Quarterly net profit rose 16% to RM44.05 million from RM37.98 million previously mainly on higher fair value gains. Revenue rose 4.5% to RM25.9 million from RM24.78 million a year ago. For the full year, net rental income rose 3.7% to RM96.61 million versus RM93.21 million previously. FY18 net profit came in 8% higher at RM91.37 million versus RM84.65 million, while revenue rose 3% to RM102.65 million from RM99.65 million.
18/11/2019 4:56 PM
Kenny Ng Can someone explain the sudden drop?
18/12/2019 2:42 PM
LATO' SELI Year low now ?
Any view, is this good reit counter for long-term , alt to FD ??
19/12/2019 11:00 AM
Thinkcarefully If u have spare cash buying alaqar reit below 1.4 will definitely be better than putting in FD.
Earnings and dividends are increasing at snails pace.But unlike retail reits which are badly affected by online shopping doctors will need a physical room to see patients
19/12/2019 7:43 PM
LATO' SELI Dropped so much , what happen mehhh??
05/02/2020 4:52 PM
Bluuuu what????
05/02/2020 5:06 PM
CatchThe Bull Maybe EPF disposed again. Anyhow this is good counter with stable rental income.
05/02/2020 5:16 PM
CatchThe Bull Final Income distribution of 2.02 sen per unit ex on valentine, no worry.
05/02/2020 5:19 PM
Junqi Great opportunity to collect
05/02/2020 8:01 PM
RainT the only hospital reit in msia
06/02/2020 2:48 PM
RainT between FD & REIT

the answer is very simple & obvious

of course is REIT

buy in slowly in batches after few months once

REIT dividend all around 5%

keep in FD where got 5% interest now??

but buy in batches & at different time to control your average price
06/02/2020 2:51 PM
RainT because if u bought at peak price then also very hard

your dividend yield will drop if your costs price is at peak
06/02/2020 2:52 PM
Thinkcarefully I would not buy into retail reits or office reits.
More and more people are shopping online or work from home
But hospital reit like alaqar will be ok.Doctors need to see patients in clinics.
And they need operation rooms to do surgeries
07/02/2020 10:19 AM
kinuxian Agreed with Thinkc. With recent outbreak, retail business will be affected. If the the outbreak prolonged and magnitude is larger than retailer can absorb, they had sized down and weaker one had to quit their biz.

For stronger reit counter like Sunreit / IGBreit, if not mistaken, they do have some sort of profit sharing model. Affected sales will have short / mid term profit impact too. Correct me if i'm wrong.
07/02/2020 11:27 AM
CatchThe Bull The only 1 critical factor we shall look into it seriously for AL-AQAR HEALTHCARE REIT is KPJ business growth. As long as KPJ operation profitable and expansion growth positive, this is very low risk and guarantee rental income.
10/02/2020 1:59 PM
Thinkcarefully Soo high volume today
12/02/2020 7:52 PM
RainT so funny some can say that shopping online

or virus outbreak so shopping mall going to close shop and collapse
18/02/2020 4:30 PM
RainT its show that these people dont know what these mall roles play in people life

i am refer to high quality malls such as PAVILLION, MID VALLEY MALL, KLCC, GURNEY PLAZA

these shopping mall will never dies

virus outbreak is short term, in life things come n things go but at the end life back to normal

human need go mall for food, for movie or also for shopping

forvever stay home and never go mall is never going to happen
18/02/2020 4:32 PM
RainT plus with good quality malls, more biz will want to rent in these malls to get more biz

good quality malls can charge higher rent
18/02/2020 4:33 PM
RainT ALAQAR REIT is worth to invest too

as to diversify your REIT portfolio
18/02/2020 4:33 PM
20/03/2020 1:28 PM
ShakiraShakira whenever whenever
25/03/2020 3:56 PM
reitpulse Among other REITs in Malaysia, Al-Aqar REIT would be more resilience in the midst of the COVID-19 outbreak. There is definitely a demand for healthcare. A few key areas that would be of concern would be the impact of the Australian government’s announcement on the overall aged care industry practice which may impact the Australian properties which happen to be the highest revenue contributor.

http://reitpulse.com/al-aqar-reit-2019/
06/04/2020 3:04 PM
Yippy68 good info... with FD at 2.5%... Alaqar provide a very stable dividend yield at 5,7%
17/05/2020 9:01 AM
sarvam1668 Can buy alaqar? I'm a newbie
17/05/2020 9:13 PM
Yippy68 alaqar rent out rate100%
26/05/2020 9:35 AM
penniless_anchovy Can buy alaqar? I'm a newbie
30/05/2020 11:27 AM
zkhaizzz36 am I seeing it correctly?? they didn't distribute dividend this time.. T_T
01/06/2020 3:11 PM
Yippy68 will be distributed in AUG
06/06/2020 6:53 PM
zkhaizzz36 hope so... I took profit instead during the sudden rally.. waiting for new entry price again..
09/06/2020 4:38 PM
RainT Covid 19 is not go to ALAQAR hospital ya , all go to government hospital

some try to mislead newbie, by potray Covid 19 will beneficial to ALAQAR

In i can say is not to little effect , as the KPJ hospital is still allow to open under MCO due to under necessary activities so the rental still come in

just for KPJ business, there will be less medical tourism already for them and this does not affect to ALAQAR rent
20/06/2020 12:18 PM
RainT in current situation of Covid 19, ALAQAR is among the best to invest in REIT because retail and office REIT is affected by Covid 19
20/06/2020 12:19 PM
RainT invest in REIT is not for took profit, or capital appreciation

if want took profit, go to equities , not REIT

REIT is for the dividend as above 90% of income must be distribute as dividend

share price appreciation is a bonus plus with the dividend

if u see the share price chart , the share price of REIT mostly ding dong at same range even after 5 years
20/06/2020 12:21 PM
RainT to have a good DY, entry price is utmost important

need to grab at the correct entry price and hold long term for dividend , its better than FD anyway
20/06/2020 12:22 PM
zkhaizzz36 thanks for the advice, RainT
24/06/2020 4:18 PM


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