Al-Aqar Healthcare Reit (-ve)
Shares of Al-Aqar Healthcare REIT (fundamental: 0.15/3; valuation: 0.15/3) triggered our momentum algorithm for the first time yesterday. Its share price, which has been trending upwards since the beginning of this year, dipped as much as 1.9% to RM1.54 before settling at RM1.55, down 1.27% from Tuesday’s close, after 4 million shares changed hands.
The shariah-compliant healthcare REIT’s net property income (NPI) rose 2% to RM104.57 million for the financial year ended Dec 31, 2015, from RM102.40 million in the previous year, while revenue gained 2% to RM110.95 million from RM108.64 million.
Al-Aqar currently trades at 1.3 times its book value. Over the past five years, the REIT paid out an average of 7.74 sen in distribution per unit (DPU). For FY15, its DPU stood at 7.70 sen.
ALAQAR (5116) - Stock With Momentum: Al-Aqar Healthcare Reit
http://www.theedgemarkets.com/my/article/stock-momentum-al-aqar-healthcare-reit
