Metro Holdings

[Stocker]

The lease expiry issue was raised 3 years ago and Lawrence Chiang replied was the rentals were high and by the time when the leases are expired, we would have collected more than enough rental. He couldn't confirm the lease will be extended or not.
During one AGM , the CFO ever said the valuation based more on the cash flows than the value sof the lands or buildings.

In that case the "value" of the properties should be more accurately determined by the DCF model, rather than from a valuation done yearly by a valuer. Probably with a significant discount.

The gems of the property portfolio of Metro are Metro city and Tower in Shanghai. Metro city contribute more than the office Tower and its lease will be expired in 17 years .
If the property is generating high rental, why wouldn't the PRC gov take back and collect the rentals for themselve ? Who would not do it anyway, as there is no breaching of law ?