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
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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.
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