The study is related to AmFIRST Real Estate Investment Trust which is listed in the REIT's listing of Bursa Malaysia. The stock symbol of the company is “AMFIRST REITS (5120)”. In this paper, the closing stock price of the company is analyzed in order to get the recent trend of the company's stock price from January 2012 to June 2012.
The trust was established in 2006 under the Trust Deed entered into between Maybank Trustees Berhad and Am ARA REIT Managers. The trust is administered by Am ARA which is an alliance between ARA Asset Management (Malaysia) Limited and AmInvestment Group Berhad. The trust was listed on the main market of the Bursa Malaysia Securities Berhad on December 21st 2006 which shows an inventive change of AmFirst Property Trust which was a listed property trust fund in Malaysia which was governed by AmInvestment Group Berhad for the past seventeen years ever since it listed in 1989.
The trust is considered as one of the leading Malaysian based commercial real estate investment trust with experience to the hotel, office and retail sector in the Malacca, Klang Valley and Cyberjaya. At present, the trust administers 9 properties from which 2 properties are placed in Cyberjaya; and three are in the Kuala Lumpur Golden Triangle area, one each in Subang Jaya, Petaling Jaya, Malacca and Kelana Jaya. The trust also administers a retail mall situated in Subang Jaya and a 332 room which is four star rated hotel. Moreover, at this time, the trust is dealing with more than 2.7 million square foots of real estate space.