Companies should carry hotels and properties held for own use at fair value
Hotel-owning groups such as CDL, UOL and Amara have deeply understated book values
VALUATION is both an art and a science.
Generally, there are prescribed or widely used methods to value assets such as businesses, financial instruments, art works, jewellery, antiques and property.
Still, any valuation exercise involves some judgement, and experts in any given type of asset can ascribe varying valuations.
TRENDING NOW
Knight Frank Singapore CEO Galven Tan resigns after 2.5 years at helm
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
15-month wait-out curb lifted for private property owners buying HDB resale flats
Philippines’ income upgrade hides grim reality for most Filipinos