MCS Steel Non-Voting DR MSTUF

M.C.S. Steel Public Company Limited is a Thailand-based steel fabricating company. The principal activities of the Company and its subsidiaries are production and distribution of structural steel products for building construction, and residential development projects for sale. It is a large steel structure manufacturer, especially steel beams and columns for the construction of large high-rise buildings such as office buildings, hotels, shopping malls, and others. There are two types of steel structures produced by the Company: the steel structure used as a column-box and the steel structure used as beams, which are important components of the building. Its subsidiaries include Tanaka Welding Center Co., Ltd., which is focused on welder training and real estate; M.C.S.-Japan Co., Ltd., which is engaged in the design and production of structural steel products; and M.C.S. Steel-Xiamen Co., Ltd., which is engaged in the production and distribution of structural steel products.

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MCS Steel Non-Voting DR

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Comment by nonvoyanon May 03, 2013 10:18am

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Post# 21334688

RE: RE: REITS

While there's certainly value in a company investing in real estate through capital appreciation, capital appreciation isn't realized on the books until a sale. Buildings are recognized at cost on the books.

So just looking at financials alone it's really tough to assess a REIT based on their market holdings; you can only really estimate.

Also the market for apartment buildings is really different than it is for houses and condos. Apartment buildings are all about their capex. If rents are not doing that well, the building isn't worth as much. Of coruse a rising tide raises all ships though.

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