Stock With Momentum: YTL Hospitality REIT

This article first appeared in The Edge Financial Daily, on July 13, 2018.
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YTL Hospitality REIT (-ve)
TRADING of the shares in YTL Hospitality REIT (fundamental: 0.75/3, valuation: 2.70/3) triggered our proprietary momentum algorithm yesterday for the second time since this year.

The REIT closed two sen or 1.71% higher at RM1.19 with a volume of 1.16 million shares, exceeding its 200-day average volume of 663,250 shares.

YTL Hospitality’s net property income (NPI) rose 18.5% to RM67.89 million in the third quarter ended March 31, 2018 (3QFY18) from RM57.28 million a year ago, mainly due to a growth in revenue.

Quarterly revenue grew 9.2% to RM129.16 million in 3QFY18, against RM118.29 million in 3QFY17.

For the cumulative nine-month period ended March 31, 2018, YTL Hospitality’s NPI increased by 17.9% to RM190.72 million, versus RM161.81 million, as revenue rose 13.5% to RM384.35 million, from RM338.55 million.

The REIT was last traded at 0.85 times its book value.