Our Valuation Philosophy
"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date"
- IFRS 13 -
Echoing Warren Buffet, KMA Consulting cares the price you pay as well as the value you get. We are a group of experienced valuation practitioners, a.k.a, valuers or appraisers, who pursuit best valuation best practices and always aim to add values. We endeavor to perform valuations of high quality and encourage communication and interaction with clients and other parties such as auditors, lawyers, regulators and the stock exchange. In short, we believe:
ResponsibilityIt is the responsibility of a valuer to give sufficient comfort on a valuation they perform.
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Clients' Best Interests A transparent valuation could save costs and serve clients’ best interests.
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Valuation ExpertiseA valuation should undoubtedly be backed by sufficient and up-to-date valuation technique and reasoning skills.
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Communication
KMA Consulting's members and consultants are charterholders or members of professional bodies such as CFA, CAIA, FRM, RICS, HKICPA. We understand, valuation as a profession, has its own sets of technical skills and jargons. There could be difficulties for a non valuation practitioner to understand how a valuation is derived.
Nowadays, there are a number of valuation firms in Hong Kong which produce valuations but are not willing to disclose their valuation details, such as valuation formulae and the rationales of the parameters they have adopted. They often claim these, even for simple arithmetic calculations, to be proprietary information or professional judgments and that it is their company policies not to disclose further details.
Additional efforts are then needed, by a user or reviewer, etc., to understand and obtain sufficient comfort on a valuation. More time and costs are then incurred, which from KMA Consulting's perspective, are totally unnecessary. In some extreme cases, second valuation opinions have to be sought.
Here, in KMA Consulting, we believe it is the responsibility of a valuer and his/her firm to give sufficient comfort on a valuation they perform. We also believe a transparent valuation could save costs and serve clients’ best interests.
Nowadays, there are a number of valuation firms in Hong Kong which produce valuations but are not willing to disclose their valuation details, such as valuation formulae and the rationales of the parameters they have adopted. They often claim these, even for simple arithmetic calculations, to be proprietary information or professional judgments and that it is their company policies not to disclose further details.
Additional efforts are then needed, by a user or reviewer, etc., to understand and obtain sufficient comfort on a valuation. More time and costs are then incurred, which from KMA Consulting's perspective, are totally unnecessary. In some extreme cases, second valuation opinions have to be sought.
Here, in KMA Consulting, we believe it is the responsibility of a valuer and his/her firm to give sufficient comfort on a valuation they perform. We also believe a transparent valuation could save costs and serve clients’ best interests.
Services
KMA Consulting provides a wide range of valuation and transaction advisory services. We have over ten-year experience in providing these services for financial reporting, public flotation, financing, joint-venture, merger & acquisition, litigation, etc.
Financial Reporting
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Merger & Acquisition
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Litigation
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Contact Us
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If you have any questions or are seeking advice on valuation and/or transaction related matters, please email to [email protected] or fill in the adjacent form.
T: +852 6938 9310
A: 812 Silvercord, Tower 1, 30 Canton Road, Tsimshatsui, Kowloon, Hong Kong |
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