Stock With Momentum: YTL Hospitality REIT

This article first appeared in The Edge Financial Daily, on August 13, 2019.
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YTL Hospitality REIT (+ve)
TRADING of shares in YTL Hospitality REIT (fundamental: 0.15/3, valuation: 1.7/3) triggered our momentum algorithm last Friday for the first time this year. The stock closed one sen or 0.74% higher to RM1.36, with 1.86 million shares done, compared with its 200-day average trading volume of 588,914 shares.

In the fourth financial quarter ended June 30, 2019, the real estate investment property’s net property income (NPI) grew 3.7% year-on-year (y-o-y) to RM60.26 million from RM58.11 million due to higher master leases. Revenue increased 1.8% to RM118.67 million from RM116.6 million.

It declared a final income distribution per unit of 2.1 sen for the financial year ended June 30, 2019 (FY19), payable on Aug 30. For FY19, YTL Hospitality REIT’s NPI rose 1.8% y-o-y to RM253.28 million from RM248.83 million. Revenue slipped 2% to RM490.9 million from RM501 million.