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COMPANIES >> M >> MAH SING GROUP BHD (8583)

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Share Price on 26 Nov 2014

* Price is 15 minutes delay.


Corporate Name
Symbol & Code
Industry
Contact Details

Market Capital (RM)
EPS (cent)
P/E Ratio
Par Value (RM)
NTA (RM)
Dividend (cent)
Dividend Yield (%)
Dividend Policy (%)
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.


DateFinancial
Year
No. Financial
Quarter
Revenue
(RM,000)
Profit Before
Tax (RM,000)
Net Profit
(RM,000)
Earning
Per Share (Cent)
Dividend
(Cent)
NTA
(RM)
Trend
20/11/201431/12/2014330/09/2014713,554115,84485,9395.860.001.480 Malaysia Stock - KLSE Quarter Report History
29/08/201431/12/2014230/06/2014705,019113,47584,7355.930.001.420 Malaysia Stock - KLSE Quarter Report History
29/05/201431/12/2014131/03/2014642,199111,55784,0275.940.001.440 Malaysia Stock - KLSE Quarter Report History
28/02/201431/12/2013431/12/2013570,20791,14570,6985.098.001.380 Malaysia Stock - KLSE Quarter Report History
11/11/201331/12/2013330/09/2013536,49792,12070,6185.170.001.320 Malaysia Stock - KLSE Quarter Report History
27/08/201331/12/2013230/06/2013475,74996,22269,8265.170.001.500 Malaysia Stock - KLSE Quarter Report History
28/05/201331/12/2013131/03/2013423,14392,01769,4747.890.001.530 Malaysia Stock - KLSE Quarter Report History
27/02/201331/12/2012431/12/2012441,44272,28455,3996.607.601.480 Malaysia Stock - KLSE Quarter Report History
19/11/201231/12/2012330/09/2012420,84376,11755,2326.610.001.410 Malaysia Stock - KLSE Quarter Report History
16/08/201231/12/2012230/06/2012455,20082,93860,0667.210.001.360 Malaysia Stock - KLSE Quarter Report History
28/05/201231/12/2012131/03/2012457,77584,18459,9207.200.001.360 Malaysia Stock - KLSE Quarter Report History
28/02/201231/12/2011431/12/2011422,12657,22841,0324.9311.001.290 Malaysia Stock - KLSE Quarter Report History
123


DateFinancial
Year
Ex-DateEntitlement
Date
Payment
Date
Entitlement TypeDividend
(Cent)
Dividend
(%)
Details
02/06/201431/12/201310/09/201412/09/201425/09/2014First and Final Dividend8.0000.00 Malaysia Stock -  Dividend
31/05/201331/12/201205/09/201309/09/201320/09/2013First and Final Dividend7.6000.00 Malaysia Stock -  Dividend
04/06/201231/12/201111/09/201213/09/201226/09/2012First and Final Dividend11.0000.00 Malaysia Stock -  Dividend
06/06/201131/12/201013/09/201115/09/201128/09/2011First and Final Dividend7.6000.00 Malaysia Stock -  Dividend
02/06/201031/12/200908/09/201013/09/201017/09/2010First and Final Dividend0.00013.00 Malaysia Stock -  Dividend
02/06/200931/12/200810/09/200914/09/200918/09/2009First and Final Dividend0.00016.00 Malaysia Stock -  Dividend
29/05/200831/12/200731/07/200804/08/200818/08/2008First and Final Dividend0.00016.00 Malaysia Stock -  Dividend

DateEx-DateEntitlement
Date
Transfer
Date
TypeRatioRight Issue
Price
Details
19/06/201304/07/201308/07/201308/07/2013Bonus Issue1 : 50.000 Malaysia Stock -  Bonus/Rights Issue
07/02/201321/02/201325/02/201325/02/2013Rights Issue1 : 31.420 Malaysia Stock -  Bonus/Rights Issue
24/03/201005/04/201007/04/201007/04/2010Bonus Issue1 : 50.000 Malaysia Stock -  Bonus/Rights Issue


MAH SING GROUP BHD (8583)
CNY2012 06 Mar 2014, 09:26 AMPost #12
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AmResearch maintains Buy on Mah Sing

KUALA LUMPUR: AmResearch is maintaining its our Buy call on Mah Sing Group with its fair value tweaked slightly downwards to RM3.60 a share, at parity to realised net asset value (RNAV), as it rolls forward its valuation base to FY14F.

The research house said on Monday the stock's near-term share price weakness was a good time to accumulate a property bell-weather ahead of a re-acceleration of property sales.

AmResearch added this was backed by solid unbilled sales of RM4.4bil or 2.6 times FY13 property revenue, and a robust three-year EPS CAGR of 12%," it said.

Mah Sing had a strong finish for the year, posting a FY13F net profit of RM281mil that surpassed FY12's earnings by 22% on-year on the back of a 13% on-year jump in revenue. It declared a first and final dividend per share (tax-exempt) of 8.0 sen, translating to a yield of 3.8%.

"Assuming a similar payout of 40%, we project forward yields of 5%-6% over the next three years," it said.

AmResearch said Mah Sing met its internal sales target of RM3bil for FY13 (FY12: RM2.5bil). Key projects that contributed include The Meridin@Medini, M Residence@Rawang, Icon City, PJ and M City, Jln. Ampang.

The group added six more value-accretive land with a combined gross development value of RM9.3bil in 2013. This raised its undeveloped landbank's gross development value (GDV) to a healthy RM29bil.

"Moving into FY14F, we expect Mah Sing's pre-sales to accelerate to RM4bil from RM3.2bil a year ago. More importantly, 81% of its residential products would be at attractive price points of RM700,000 and below," it said.

AmResearch said this would be underpinned by Mah Sing's exciting pipeline of new launches, that is Southville City@KL South and D'sara Sentral.

Following the strong success of Savanna Executive Suites, Mah Sing is set to roll out 196 units of Garden Link Homes at Southville City. Over in Johor, Bandar Meridin East could debut in 2Q14. Phase 1 offers affordable homes prices from RM300,000 to RM500,000.
CNY2012 12 Nov 2013, 09:13 AMPost #11
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CIMB Research maintains Outperform on Mah Sing Group

KUALA LUMPUR: CIMB Equities Research is maintaining its Outperform recommendation on Mah Sing Group with an unchanged target price of RM3.30, which is an upside of 41% from the previous close of RM2.15.

It said on Tuesday it maintained its target price, at parity with RNAV. Mah Sing remains our top pick for the property sector with its robust earnings growth, strong sales and active landbanking to provide catalysts for its re-rating.

“Annualised 9M net profit forms 97% of our FY13 forecast and 93% of consensus estimates. 3Q net profit increased 28% on-year and 1% on-quarter, again driven by the recognition of profits from strong new sales,” it said.

CIMB Research said Mah Sing’s unbilled sales rose from RM3.9bil in 2Q to a record RM4.19bil. As expected and in line with the company's practice, no dividends were declared for 3Q.

Mah Sing sold RM2.25bil worth of properties in the nine months, up 18% on-year. Some RM1.22bil or 54% of its new sales came from the Klang Valley, RM679mil or 30% from Johor, RM222mil or 10% from Penang and RM132mil or 6% from Sabah.

It pointed out that 3Q new sales of RM750mil increased 23% on-year but were flat on-quarter.

“Despite Budget 2014’s measures, we expect sustainable sales in 4Q as the group's new flagship township, its RM5.13bil Southville project in Bangi, has been launched and enjoys strong interest.

“Malaysia’s Oct 25 Budget measures to curb property speculation, including a higher RPGT, the abolition of the DIBS and higher minimum purchase prices for foreigners from RM500,000 to RM1mil will no doubt put a dampener on property buying.
“Still, we believe that Mah Sing will be able to weather any slowdown well as most of its projects do not offer DIBS. Any slowdown will likely be temporary and buying should normalise after perhaps two to three months as affordability remains near its all-time high and properties are an inflation hedge,” said CIMB Research.
CNY2012 06 Nov 2013, 10:22 AMPost #10
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Mah Sing to launch new township in Iskandar

NUSAJAYA: Mah Sing Group Bhd will be launching its fifth township development project in Iskandar Malaysia, which is also the company’s biggest township project in the country in the second half of 2014.

Deputy chief operating officer (southern) Dr Chai Kow Sin said the proposed township would be on 540.8 ha in the Plentong-Pasir Gudang growth corridor with a mix of landed and high-rise residential properties and commercial units.

“The township project with a gross development value of RM5bil will keep us busy for 8-10 years,’’ Chai said after signing on behalf of Mah Sing’s wholly-owned subsidiary Tropika Istimewa Development Sdn Bhd for the en block purchase by SwhengTee International Sdn Bhd which was represented by its founder Datuk Seri Gavin Tee.

The latter had purchased Tower B of Meridin@Medini consisting of 322 studios and one and two-bedroom suites with built-up of 318-885 sq ft (priced between RM309,000 and RM919,000 each) for RM172mil.

Chai said the proposed township was easily accessible from the Senai-Desaru Highway, Kota Masai-Kong Kong and Tanjung Langsat and about one km away from the Felda Cahaya toll exit.

“Our new township will cater to housing needs of workers in the Tanjung Langsat petrochemical hub and Pengerang Integrated Petroleum Complex,’’ he added.

Chai said the Plentong-Pasir Gudang growth corridor was the area to watch in the coming years as more developers expected to go in due to the availability of land there.

Mah Sing started its first township project in Iskandar Malaysia – the 122.41ha Sri Pulai Perdana, Skudai in 2000 (completed) with a GDV of RM631mil.

Ongoing township projects are Austin Perdana, Tebrau, (2005: 67.87ha – GDV RM672mil), Sierra Perdana, Tebrau-Plentong (2005: 105.44ha – GDV RM672mil), and Sri Pulai Perdana II, Skudai (2008: 122.41ha – GDV RM631mil).

Others are an integrated development Meridin @ Medini (3.31ha – GDV RM1.1bil) and Mah Sing i-Parc, (83.22ha – GDV RM676mil) an industrial project about 1km away from the Port of Tanjung Pelepas.

Mah Sing currently has RM6.81bil in remaining GDV and RM481mil unbilled sales from its remaining 667.81ha in Iskandar Malaysia.

http://www.thestar.com.my/Business/Business-News/2013/11/06/Mah-Sing-to-launch-new-township-in-Iskandar.aspx
jingi 23 Sep 2013, 11:30 PMPost #9
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Agreed, warrant seems attractive. Might give them a try. lol
zqhuang 12 Sep 2013, 09:38 AMPost #8
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Hi guys, at 2.18, the warrant-wb seems more attractive as it has a gearing of 3.96,
4.5 years life, 15% premium as the conversion/exercise price is 1.98 and not 2.38 as reported in the papers.
shorterm 30 Aug 2013, 04:30 PMPost #7
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going up now yeahthumbup
Mike 12 Jun 2013, 04:26 PMPost #6
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Be patient,the answer is YES.notworthy
archer 12 Jun 2013, 02:23 PMPost #5
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This counter is moving again?
caven 22 Mar 2013, 11:16 AMPost #4
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yeah support support....i want join this counter
ILoveDividend 28 May 2012, 01:05 PMPost #3
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Woh.. Fantastic result. thumbup
CNY2012 02 Mar 2012, 05:02 PMPost #2
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11 cents dividend coming. rolleyes
airasia 02 Mar 2012, 01:10 AMPost #1
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Quantum Leaping - Turning House building on par to McD ?

The company is excuting real fast turnaround with massive on going projects while eyeing more land acquisitions after the recent Rawang2.


On going projects under current year are:
Aman Perdana, Meru-Shah Alam
Southgate Commercial Centre, KL
StarParc Point, Setapak
Hijauan Residence, Cheras
Kemuning Residence, Shah Alam
Residence @ Southbay, Penang
Legenda @ Southbay, Penang
Southbay City, Penang
Icon Residence, Mont Kiara
One Legenda, Cheras
Bayu Sekamat, Hulu Langat
Garden Residence, Cyberjaya
iParc, Bukit Jelutong
Perdana Residence 2, Selayang
Icon City, Petaling Jaya^
Icon Residence, Georgetown
iParc 2 @ Shah Alam
Garden Plaza
M Suites @ Jalan Ampang
Kinrara (13 acres)
Kinrara Residence
iParc 3
Star Avenue
Garden Residence 2, Cyberjaya
M City
Ferringhi Residence @ Penang
Mah Sing i-Parc, Iskandar Malaysia