5120.KL
Strong BuySecond WindAI neutralAmFirst Real Estate Investment Trust · Real Estate · Malaysia · $57M cap · $24K/day traded
MYR 0.345 +1.5% · close 22 Oct · scored 23 Oct
Second Wind: Cheap and rising again, but the business does not yet earn the optimism.
As of 23 Oct 2026, MoatMap's StockRank for AmFirst Real Estate Investment Trust (5120.KL) is 92/100, ranked against 24,000+ stocks in 35 markets (Quality 39, Value 65, Momentum 91, each scored against its sector).
Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
AmFIRST REIT owns Malaysian office and retail property and has agreed to sell Menara AmBank for RM331M to reduce gearing, which should strengthen the balance sheet. The sale explains the recent strong momentum, but what remains is a small, historically leveraged office landlord in a market with ample supply, and the quality of the remaining portfolio is modest.
ABOUT AMFIRST REAL ESTATE INVESTMENT TRUST
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AmFIRST Real Estate Investment Trust currently owns eight (8) properties valued at RM1.57 billion. These include Bangunan AmBank Group, Menara AmBank, Wisma AmFIRST, The Summit Subang USJ, Prima 9, Prima 10, Jaya 99 and Mydin Hypermall, Bukit Mertajam.
FINANCIAL SUMMARY (MYR)
| Year | 2022 | 2023 | 2024 | 2025 | 2026 | CAGR | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | — | 103.4M | 101.4M | 104.8M | 110.3M | 2.2% | 110.2M |
| EPS (MYR) | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 8.2% | 0.05 |
| Shares | — | 686.4M | 686.4M | 686.4M | 686.4M | 0.0% | 686.4M |
| Debt | — | 754.8M | 758.2M | 764.8M | 768.2M | 0.6% | 775.6M |
| Equity | — | 804.9M | 814.2M | 823.8M | 835.9M | 1.3% | — |
| Op CF | — | 53.1M | 51.9M | 49.5M | 51.3M | -1.2% | 68.0M |
| Inv CF | — | 58.1M | -4.7M | -7.1M | -4.3M | — | — |
| Fin CF | — | -113.5M | -47.3M | -41.9M | -47.1M | — | — |
Above its 200-day average and 4% below its 52-week high.
Calmer than 89% of stocks we rank over the past year (21% a year).
How this is worked out
StockRank judges the business. The price check reads only the chart: it is the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn like this one cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of 5120.KL are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 5120.KL | AmFirst Real Estate Investment Trust(you) | $57M | 92 | Strong Buy |
| 5269.KL | Al-Salam Real Estate Investment Trust | $88M | 84 | Strong Buy |
| 5110.KL | Uoa Real Estate Investment | $136M | 96 | Strong Buy |
| 5127.KL | AmanahRaya Real Estate Investment Trust | $52M | 55 | Hold |
| 5338.KL | Paradigm Real Estate Investment Trust | $325M | 67 | Buy |
| 5106.KL | Axis Real Estate Investment Trust | $904M | 51 | Hold |
| 0206.KL | Gagasan Nadi Cergas Berhad | $56M | 97 | Strong Buy |
| 4057.KL | Asian Pac Holdings Berhad | $51M | 89 | Strong Buy |
| 6769.KL | JKG Land Berhad | $62M | 98 | Strong Buy |
| 5235SS.KL | KLCC Property Holdings Berhad | $3.7B | 66 | Buy |
Peer medians: ROE 6.8% · P/E 11.7x · Gross margin 38.9%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.