<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily,</em> on March 31, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><strong>Al-Aqar Healthcare Reit (-ve)</strong></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p><img alt="Al-Aqar-healthcare_swm_FD_31March16_theedgemarkets" src="http://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/Al-Aqar-healthcare_swm_FD_31March16_theedgemarkets.png" /></p></div>


This article first appeared in The Edge Financial Daily, on March 31, 2016.

 

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 y...

Stock With Momentum: Al-Aqar Healthcare Reit

The flood situation across the country, especially in Kelantan and Terengganu, is deeply concerning as it is worse than in 2014, said Datuk Seri Dr Ahmad Zahid Hamidi.

Current floods worse than 2014 levels — Zahid

CyberSecurity Malaysia (CSM) has warned the public to be vigilant of phone calls from individuals claiming to be its officials and requesting personal information.

CyberSecurity Malaysia warns public against calls from bogus officials 

China vowed "resolute countermeasures" on Sunday to a recently approved US arms sale to Taiwan, and complained to the US for arranging for the democratically governed island's president to transit through US territory.

China blasts US arms sale to Taiwan, President Lai's US transit

Prime Minister Datuk Seri Anwar Ibrahim on Sunday announced an additional immediate allocation for Kelantan and Terengganu, with RM25 million for each state, in the wake of the severe floods that have hit them.

PM announces additional RM50m allocation for flood-hit Kelantan, Terengganu

Tan Sri Joseph Lo, chairman of Azam Jaya Bhd (KL:AZAMJAYA), died aged 74 on Saturday at the Gleneagles Hospital, according to the Daily Express.

Azam Jaya chairman Joseph Lo passes away at 74

Brazil and Malaysia’s collaboration in the semiconductor industry will involve the development of joint initiatives in integrated circuit (IC) design next year, according to sources from the Brazilian Embassy in Malaysia.

Malaysia, Brazil to team up on integrated circuit design in 2025 — Bernama

Tenaga Nasional Bhd (KL:TENAGA) has signed the MY07 Electricity Supply Agreement (ESA) with hyperscale data centre solutions platform and Bain Capital-backed Bridge Data Centres (BDC), according to w.media's report on Friday.

TNB inks electricity supply agreement with Bridge Data Centres — report

Ex-judges who retired before the implementation of the Judges’ Remuneration Amendment Act 2014, which had been declared by the courts as being unconstitutional, have received their arrears in their November pensions.  Meanwhile, those who retired after July 1, 2015, when the Act was gazetted, also received revisions to their pensions, following revisions to their salary scale.

Ex-judges who retired prior to July 2015 have received pension arrears, while rest received salary revision and arrears

Britain's Institute of Directors said on Sunday that optimism among its members had fallen to the lowest since the onset of the Covid-19 pandemic, following tax rises in finance minister Rachel Reeves' first budget on Oct 30.

UK business confidence lowest since Covid pandemic, IoD says

Australia Prime Minister Anthony Albanese said on Sunday that criticism by Elon Musk of Australia's social media ban on children under 16 was the X owner pushing an agenda for the social platform, while indicating he was open to talk to the billionaire about the ban, legislated this week.

Australian PM says Musk pushing agenda for X in social media ban criticism

<p>Former health minister Khairy Jamaluddin and Effendy Shahul Hamid, CEO of group consumer and digital banking at CIMB, both parents of neurodiverse children, are calling upon all Malaysians to recognise, champion and celebrate different abilities and diversity in all its forms and complexities, one individual at a time.</p>


The other brothers

<p>US President-elect Donald Trump warned the so-called BRICS nations that he would require commitments that they would not move to create a new currency as an alternative to using the US dollar and repeated threats to levy a 100% tariff.</p>


Trump demands ‘commitment’ from BRICS nations on using dollar

<p>Tenaga Nasional Bhd (KL:TENAGA) has signed the MY07 Electricity Supply Agreement (ESA) with hyperscale data centre solutions platform and Bain Capital-backed Bridge Data Centres (BDC), according to <i>w.media</i>'s report on Friday.</p>


<p>Tan Sri Joseph Lo, chairman of Azam Jaya Bhd (KL:AZAMJAYA), died aged 74 on Saturday at the Gleneagles Hospital, according to the <i>Daily Express</i>.</p>


<p>Ex-judges who retired before the implementation of the Judges’ Remuneration Amendment Act 2014, which had been declared by the courts as being unconstitutional, have received their arrears in their November pensions.&nbsp; Meanwhile, those who retired after July 1, 2015, when the Act was gazetted, also received revisions to their pensions, following revisions to their salary scale.</p>


<p>Donald Trump tapped Kash Patel to be FBI director, nominating a loyalist to lead the chief US law enforcement agency — which the president-elect has long derided as corrupt.</p>


Trump picks loyalist ‘deep state’ critic Patel to head the FBI

<p>R&amp;F Group Malaysia, a wholly-owned subsidiary of China’s R&amp;F Group, is set to launch the third residential phase, comprising 4,385 units, at its 116-acre R&amp;F Princess Cove development in Johor Bahru in 1Q2025.</p>


Building a landmark in a gateway city

<p>Brazil and Malaysia’s collaboration in the semiconductor industry will involve the development of joint initiatives in integrated circuit (IC) design next year, according to sources from the Brazilian Embassy in Malaysia.</p>


<p>Australia Prime Minister Anthony Albanese said on Sunday that criticism by Elon Musk of Australia's social media ban on children under 16 was the X owner pushing an agenda for the social platform, while indicating he was open to talk to the billionaire about the ban, legislated this week.</p>


<p>US lender JPMorgan Chase agreed on Friday to drop its lawsuit against Tesla that accused the electric vehicle maker of "flagrantly" breaching a contract between the two companies in 2014 relating to warrants Tesla sold to the bank.</p>


JPMorgan agrees to drop lawsuit against Tesla over stock warrants

<p>Black Friday spending in US retail stores was muted this year in contrast to a more robust rise online, as bargain-hungry Americans skipped stores in favour of their phones and laptops, according to data from Mastercard and other data providers.</p>


US Black Friday spending at stores inches ahead as Americans spend more online

<p>The Syrian army said on Saturday dozens of its soldiers had been killed in a major attack led by Islamist Hayat Tahrir al-Sham rebels who swept into the city of Aleppo, forcing the army to redeploy in the biggest challenge to President Bashar al-Assad in years.</p>


Syrian rebels sweep into Aleppo, Russia conducts strikes in support of Assad

<p>Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by US authorities that he was part of a US$265 million (RM1.2 billion) bribery scheme, saying that his ports-to-power conglomerate was committed to world class regulatory compliance.</p>


Gautam Adani breaks silence on US allegations to say his group is committed to compliance

<p>Prime Minister Datuk Seri Anwar Ibrahim on Sunday announced an additional immediate allocation for Kelantan and Terengganu, with RM25 million for each state, in the wake of the severe floods that have hit them.</p>


<p>US hiring probably jumped in November after hurricanes and a major strike undercut job growth a month earlier, consistent with a labour market that’s healthy yet gradually cooling.</p>


US job growth due for snapback after storms and strike

<p>Britain's Institute of Directors said on Sunday that optimism among its members had fallen to the lowest since the onset of the Covid-19 pandemic, following tax rises in finance minister Rachel Reeves' first budget on Oct 30.</p>


<p>CyberSecurity Malaysia (CSM) has warned the public to be vigilant of phone calls from individuals claiming to be its officials and requesting personal information.</p>


<p>China vowed "resolute countermeasures" on Sunday to a recently approved US arms sale to Taiwan, and complained to the US for arranging for the democratically governed island's president to transit through US territory.</p>


<p>The flood situation across the country, especially in Kelantan and Terengganu, is deeply concerning as it is worse than in 2014, said Datuk Seri Dr Ahmad Zahid Hamidi.</p>
