Horizon.my

It’s high yielding, way cheaper than valuation and thrives in a low interest rate environment. The humble REIT (or Real Estate Investment Trust) has come a long way in Malaysia over the last four years. Since the listing of Axis REIT in August 2005, the market cap of Bursa Malaysia REITs has reached RM4.1 billion [...]

We have just included KLCC Property Holdings Bhd in our database. Looking at the Income Statement, the thing that caught my eye was the Fair Value Adjustment. It seems KLCCP has included the increase in its property value into its profit figure. OK basically I’m not in favour of such reporting. Traditionally if property assets [...]