MAHSING (8583) : MAH SING GROUP BERHAD

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MAHSING (8583) : MAH SING GROUP BERHAD
airasia Posts: 46 Joined: Dec 2011	02 Mar 2012, 01:10 AMPost #1
	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
CNY2012 Posts: 111 Joined: Dec 2011	02 Mar 2012, 05:02 PMPost #2
	11 cents dividend coming.
ILoveDividend Posts: 521 Joined: Dec 2011	28 May 2012, 01:05 PMPost #3
	Woh.. Fantastic result.
caven Posts: 25 Joined: Jan 2013	22 Mar 2013, 11:16 AMPost #4
	support support....i want join this counter
archer Posts: 4 Joined: Jun 2013	12 Jun 2013, 02:23 PMPost #5
	This counter is moving again?
Mike Posts: 87 Joined: Dec 2011	12 Jun 2013, 04:26 PMPost #6
	Be patient,the answer is YES.
shorterm Posts: 2 Joined: Aug 2013	30 Aug 2013, 04:30 PMPost #7
	going up now
zqhuang Posts: 7 Joined: Apr 2013	12 Sep 2013, 09:38 AMPost #8
	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.
jingi Posts: 7 Joined: Sep 2013	23 Sep 2013, 11:30 PMPost #9
	Agreed, warrant seems attractive. Might give them a try.
CNY2012 Posts: 111 Joined: Dec 2011	06 Nov 2013, 10:22 AMPost #10
	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
CNY2012 Posts: 111 Joined: Dec 2011	12 Nov 2013, 09:13 AMPost #11
	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 Posts: 111 Joined: Dec 2011	06 Mar 2014, 09:26 AMPost #12
	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.
whateverstuffs Posts: 1 Joined: Mar 2018	25 Mar 2018, 08:53 PMPost #13
	Many buyers of Mah Sing properties are speaking up against this developer now: https://facebook.com/story.php?story_fbid=2053173228341243&id=100009457578810
Alex WFC Posts: 5 Joined: Oct 2020	19 Oct 2020, 01:24 PMPost #14
	MAHSING (8583) MAH SING GROUP BHD joins glovefest, but will it last? Mah Sing targets the glove manufacturing business to contribute at least 25% of its profits. The factory in Klang is expected to start its operations as early as the second quarter of next year. http://www.bursa2u.com/2020/10/mahsing-8583-mah-sing-group-bhd-joins.html
i4value Posts: 604 Joined: Aug 2020	07 Jul 2023, 07:21 AMPost #15
	If you look at MahSing dividends over the past 10 years, you can see that it declining and then turning around in 2020. This of course follows the performance of the company. But in looking at performance, I prefer to compare it with the peers. In this respect from 2011 to 2022, MahSing ROE and ROA averaged 9 % and 5% respectively. In contrast, the mean ROE and ROA of the Bursa large property companies averaged 7% and 4 % respectively as per the article Will the Malaysian Property industry turn around by 2024? The charts below is taken from the article as you can see that the revenue and profits of the sector seems to have reached the bottom in 2020. You will find similar patterns for MahSing

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