bsngpgVery sad that history repeats itself where Mahsing dropped below the ex price after bonus issue as predicted earlier. I guess it will drop for few more cents. Sigh, I made a BIG loss today on Mahsing. Nevertheless I have confident that it will rebound back to 1.74 and higher in couple months.
Will I buy more? No as my portfolio has been overloaded with Mahsing.
Will I sell some? No as I treat it as a shop which generate good rental.
Posted by bsngpg > Jun 5, 2015 07:20 PM | Report Abuse X
According to the past trend, price of Mahsing will trade lower after bonus issue especially so with the current cold market condition. If you need money, you may sell it on Monday and buy back at lower price later.
Nevertheless I will keep it although I guess it will very likely go few % lower than 1.74 for sometimes until end Aug when ex-date of 6.5cents div comes near.
guanteikTo me, Mahsing is still a cheap counter compared to many Construction stocks. It's a normalizing time right now, so you cannot expect to earn immediately after the bonus/split. Just hold on, least you are getting its dividends which isn't too bad.
ms001118Mah Sing: Expects property sales to pick up in 2H. Mah Sing Group is hoping for the property sales momentum to pick up in the 2H of the year, as softer consumer sentiment and tighter housing loan processing conditions affect the housing market. ―At this juncture, it is still premature to revise or adjust our sales target,‖ said ED Datuk Steven Ng Poh Seng. Shareholders approved resolutions, including a first and final single-tier dividend of 6.5 sen per share for the previous FYE Dec 31, 2014 which represented 44% of net profit. (StarBiz)
Eve0505Despite improved liquidity, still no buyers ?? might as well don't do bonus issue...