Sometimes, the best ideas are the most boring, in plain sight - as people call it no brainer. 😂

Merdeka just passed and Malaysia Day coming soon. So I'm feeling a little patriotic.

Has anyone looked at $KLCC / 5235SS (KLCC PROPERTY HOLDINGS BERHAD) ? I still remember @jmoney mention in passing that it has a good moat but I did not read too much into it. It’s 10% YTD (just looking at capital gains. have not factor in dividends)

Some news earlier this year that they plan to acquire remaining 40% equity interest in Suria KLCC worth RM1.95bil, and that they are on active lookout to expand portfolio for 2024 onwards.

But with the recent headlines about sinkhole appearing in Kuala Lumpur, makes you think again about all the properties in Kuala Lumpur.

Thoughts?

Some News Source:
https://cutt.ly/UeWhjgmA
https://cutt.ly/geWhjhbF