Highlights
KLSE: MAHSING (8583)       MAH SING GROUP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.60   0.00 (0.00%)  0.59 - 0.605  1,732,300
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Overview

Market Cap: 1,457 Million
NOSH: 2,428 Million
Avg Volume (4 weeks):2,252,715
4 Weeks Range:0.575 - 0.635
4 Weeks Price Volatility (%):
41.67%
52 Weeks Range:0.485 - 0.725
52 Weeks Price Volatility (%):
47.92%
Average Price Target: 0.78
Price Target Upside/Downside: +0.18

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  28-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  31-May-2023
T4Q P/E | EY: 8.09  |  12.36%
T4Q DY | Payout %: 5.00%  |  40.45%
T4Q NAPS | P/NAPS: 1.47  |  0.41
T4Q NP Margin | ROE: 8.06%  |  5.05%

Headlines

Date Subject
23-Mar-2023 Mah Sing’s M Vertica in Cheras 90% Taken Up, Final Tower E Now Open for Sale
22-Mar-2023 MQ Market Updates - 22 March 2023
09-Mar-2023 Property - Ramp up of new property launches in CY23
01-Mar-2023 【行家论股】马星集团 今年销售目标22亿
01-Mar-2023 Mah Sing Group Berhad - Stellar performer on track
01-Mar-2023 Mah Sing Group - FY23F sales target to exceed RM2.2bil
01-Mar-2023 Mah Sing Group - Sustained Property Sales
01-Mar-2023 Mah Sing Eyes RM2.2b Property Sales in 2023, Proposes Three Sen Dividend for FY2022
01-Mar-2023 Mah Sing Group - Results Within Expectations
01-Mar-2023 Mplus Market Pulse - 1 Mar 2023
28-Feb-2023 MQ Market Updates - 28 February 2023
13-Feb-2023 MQ Market Updates - 13 February 2023
09-Feb-2023 Mah Sing Group Bhd - Attractive Valuations and Decent Yields
07-Feb-2023 Trading Stocks - Mah Sing
07-Feb-2023 Property - Playing Catch Up
25-Jan-2023 MAHSING - A Prominent Developer
20-Jan-2023 【行家论股】马星集团 蒲种项目需求料旺
19-Jan-2023 MQ Market Updates - 19 January 2023
19-Jan-2023 Mah Sing Group - First land deal in 2023
19-Jan-2023 Mah Sing Group - New Projects in Puchong With RM726m GDV

Business Background

Mah Sing Group is a Malaysia-based company that is primarily engaged in three segment: properties, plastics, and investment holding and others. The properties segment, which accounts for the majority of the company's sales, invests in and develops residential, commercial, and industrial properties. The plastics segment manufactures, assembles, and trades various plastic moulded products. The investment holding and others segment is engaged in investment holding operations, provision of property management services, and trading of building materials. Mah Sing Group generates most of its sales from the domestic Malaysian market.
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  9 people like this.
 
azfar8 Yes Nepo. They enter the new industry at the industry's peak. It's good to deversified when their line has already saturated, but venture into the peak season, it's the one that you have to avoid. at that time we have already top four, together with many other glove companies. There are still ways for them, if they want to be back on track with their old line. Sometimes when we are being too creative, we tend to forget the base. Something still can be done in property sector
24/08/2022 8:51 AM
Snowpiercer Itchy butt to go into gloves....i guess greed
29/08/2022 5:59 PM
EVO118 "Its manufacturing segment, however, posted an operating loss of RM8.99 million as compared to an operating profit of RM6.13 million previously, despite revenue rising 19.52% to RM214.05 million from RM179.09 million, mainly due to lower absorption of overheads due to low production volume at its glove plant. "Barring unforeseen circumstances, the group expects plant efficiency and performance to improve as production volume ramps up,” it said."
https://www.theedgemarkets.com/article/mah-sings-2q-profit-strengthens-achieving-highest-quarterly-halfyear-sales-2017

That is a hell of alot of loss profit (from profit to loss) from gloves that the rest of the segment of business have to cover.
30/08/2022 6:33 AM
EVO118 Mah Sing's Erica Phase 3 at Meridin East fully taken up.
https://www.theedgemarkets.com/article/mah-sings-erica-phase-3-meridin-east-fully-taken
02/09/2022 3:16 PM
singkalin Why Mahsing Director never purchase it's own shares.
Not confidence
05/09/2022 3:36 PM
Yu_and_Mee maybe he need to spend money for other purpose instead of buying back share
05/09/2022 3:44 PM
CHLEONG888 Hot stuff, will continue next couple of days?
08/09/2022 7:33 AM
EVO118 Malaysia Vs. China, Who Will Win The Glove Race?
https://klse.i3investor.com/web/blog/detail/bfm_podcast/2022-09-05-story-h1628908105-Malaysia_Vs_China_Who_Will_Win_The_Glove_Race

I am sure most of you have listern to this. Fair comment about a property company diversifying into gloves. Guess who? MHO they should sell it off like selling their properties, except it is ready made to go with the property for added value.
08/09/2022 9:06 AM
EVO118 Technical indicators are encouraging for Mah Sing, says Apex Securities.
https://www.theedgemarkets.com/article/technical-indicators-are-encouraging-mah-sing-says-apex-securities
08/09/2022 9:38 AM
singkalin Good news but bad price.
13/09/2022 7:19 PM
Jack888 Lower low ... no cure !!
26/09/2022 9:41 AM
rulethemarket this should be the rock bottom already?
11/10/2022 10:43 AM
cedcan Go MahSing!
19/10/2022 10:10 AM
pinetree88 Mah sing also have gloves biz but so far not rally with the glove gang yet. Got in 0.52 today think his turn will come v soon.
19/10/2022 10:23 AM
zhen wei & JP Buy Call.
27/10/2022 9:47 AM
Ahboy96 stuck at high price... thinking to sell and invest into another counter
29/10/2022 10:03 AM
ITreeinvestor US stocks end sharply lower as Fed hints at more rate hikes
03/11/2022 12:09 PM
scn12345678 When ib give buy call, better you sell, when they give sell call, you better buy ha ha
14/11/2022 3:45 PM
slumdoge Many buy call, better ignore
16/11/2022 2:53 PM
James Ng [转贴] [Video:浅谈MAH SING GROUP BERHAD, MAHSING, 8583] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2022-11-17-story-h1652052115
17/11/2022 9:48 PM
11wenhao11 Mah Sing Bhd recorded a 32% increase in property sales in the nine months to Sept 30, 2022, which shored up the property developer's revenue and bottomline for the period.

In a statement, the group said its property sales of RM1.69bil, compared with RM1.28bil in the same period las year, was mainly owing to new launches and ongoing projects under its M Series affordable development.

"The strategic focus on M Series affordable developments in recent years has positioned the group well to capture the resilient first-home buyers' market.
30/11/2022 5:16 PM
11wenhao11 For the nine months period, Mah Sing posted a net profit of RM133.27mil, up from RM120.85mil in the same period in 2021. Earnings per share was 4.57 sen versus 3.86 sen in 9MFY21.

Revenue rose to RM1.65bil as compared with RM1.22bil in the comparative period.

By segment, the property development business recorded an operating profit of RM247.5mil on the back of revenue of RM1.3bil, which represented increases of 30.8% and 41.3% year-on-year respectively.
30/11/2022 5:16 PM
11wenhao11 On future plans, Leong said the group plans to launch M Astra in Setapak by 4Q22, while our upcoming developments to be launched include M Nova in Kepong, Phase 3 of M Senyum in Salak Tinggi, Phase 1B of M Panora in Rawang and Meridin East (Jasmine and Erica West) in Johor Bahru.

"We believe now is still a good time for first-time homebuyers to purchase as buying property is the best hedge against inflation and out products are mainly for customers who are buying for own stay," he added.

The group's balance sheet improved with net gearing at a new low of 0.27 times as at Sept 30, 2022.

Mah Sing has a remaining landbank of 1,916.73 acres with a remaining gross development value of RM21.12bil.
30/11/2022 5:16 PM
MAX8186 Today's volume is extraordinary. It signifies something positive.
30/11/2022 9:28 PM
Superb99 I only see last minutes operator ran away like no tomorrow
01/12/2022 12:04 AM
mf Dow Jones

Dow Jones Industrial Average

33,634.45

-218.08

0.64%
01/12/2022 12:08 AM
CHLEONG888 Extraordinary huge volume, will it breaks 0.63 today????
02/12/2022 7:08 AM
MAX8186 First TP achieved. Next, 0.635. Insyallah, it can break this level. With business getting better and back to normal, a dividend of 4 to 6 sen is possible. It should be back to 2018 prices, ie RM1.10+-
03/12/2022 9:29 AM
Armageddon Come on ,push it back up to 0.60!!!!
08/12/2022 3:20 PM
Jonathan Keung Good qtr result announcement but price still not moving.
14/12/2022 11:54 AM
Plantermen Active new launches, capexp under Mah Sing group, low capital gearing & profitable but the biggest question. Why price still stuck at this price range { 56 - 60} aren't any IB covering or acquiring Mah Sing shares
20/12/2022 4:15 PM
Jonathan Keung Buy 56-58 sen mah sing low risk
21/12/2022 9:27 AM
Jonathan Keung You won't lose . Worse case scenario lose 5 sen
21/12/2022 9:30 AM
singkalin why cannot move up ???
always goes down
22/12/2022 9:07 AM
davidkkw79 Mahsing no more business in glove ?
23/12/2022 9:55 AM
newbie9893 All glove counter flying except Mahsing.................... wake up pls....
23/12/2022 10:16 AM
EVO118 Mah Sing optimistic about property prospects for 2023.
https://www.theedgemarkets.com/node/650265

Same, same story. Just doesn't reflect in the sp.
04/01/2023 10:34 AM
MAX8186 Be patient.
04/01/2023 8:05 PM
winetime Mahsing slowly getting back on track
16/01/2023 1:18 PM
EVO118 Mah Sing Ends 2022 with top accolades, sets higher benchmark for 2023 with minimum RM2.2 billion sales target and hunts for more lands.
https://www.theedgemarkets.com/content/advertise/mah-sing-ends-2022-with-top-accolades-sets-higher-benchmark-for-2023
Just need to walk the talk. Just start showing in the selling price. 0.575 is not helping.
16/01/2023 8:05 PM
singkalin Why share price no benchmark.
Always goes downhill.
18/01/2023 2:11 PM
EVO118 Exactly, is this going to ever take off past 0.60? Another $5M loss on the 3rd qtr from their glove experiment. Glove venture has been down from day 1, costing a fortune. When is that ever going to turnaround. Maybe sell the whole lot including the buiding as a package.
26/01/2023 6:39 AM
CHLEONG888 Moving up steady and slowly
05/02/2023 2:47 PM
hng33 bought mahsing at 59sen
22/02/2023 10:29 AM
hng33 Expect attractive dividend payout in upcoming Q4 result, dividend 3sen-3.5sen
27/02/2023 11:45 AM
MAX8186 Insyallah
27/02/2023 6:16 PM
singkalin So glove still loosing money
28/02/2023 9:09 AM
hng33 sold back at 60.5sen
28/02/2023 2:41 PM
MAX8186 3 sen dividend. Profit is higher. Looking good.
28/02/2023 3:29 PM
James Ng [转贴] [Video:浅谈MAH SING GROUP BERHAD, MAHSING, 8583] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2023-03-02-story-h-296558365
02/03/2023 8:23 PM


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