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Hektar Real Estate Investment Trust has acquired its first industrial property, located in the Bayan Lepas Free Industrial Zone in Penang, further growing its portfolio beyond its bread-and-butter retail sector. The RM30 million acquisition brings the REIT’s portfolio to a total of eight properties
Hektar showing some buying momentum today so might be prime time to collect before the potential breakout. Technicals look like they ready to flip green soon so just keep watching the support levels.
With a target to distribute at least 90% of realised income as dividends, Hektar continues to be a play on resilient Malaysian domestic consumption and education sectors.