Highlights
KLSE : MAHSING       MAH SING GROUP BHD
Last Price Today's Change   Day's Range   Trading Volume
2.30   0.00 (0.00%)  2.30 - 2.33  221,600

Overview

Board:Main Market
Sector:Properties
Avg Volume (4 weeks):1,432,975
4 Weeks Range:2.02 - 2.37
52 Weeks Range:1.99 - 2.60
Average Price Target:3.02
Price Target Upside/Downside:+0.72
View Price Target Detail

Headlines

Latest Headlines
07/12/2014  Gearing up for smooth transition - thestar
01/12/2014  Property Developers - More Misses Than Hits
21/11/2014  Mah Sing - 9MFY14 Results & Corporate Exercises
21/11/2014  新產業收入抵銷附加股效應‧馬星財測不變
21/11/2014  Mah Sing Group - Fundraising ahead of next growth cycle BUY
21/11/2014  Mah Sing aims to raise RM630m from rights issue with free warrants
21/11/2014  Mah Sing Group Berhad - Cash Call for a Healthier Balance Sheet
21/11/2014  Mah Sing Group - Sales picking up pace
21/11/2014  PublicInvest Research Headlines - 21 Nov 2014
21/11/2014  Mah Sing - Results on track; proposes cash call
21/11/2014  Mah Sing - Rights Issue To Pay Off Landbank
13/11/2014  Mah Sing - Southville’s Direct Interchange Breaks Ground
14/10/2014  PublicInvest Research Headlines - 14 Oct 2014
03/10/2014  [转帖] 产业股将面对挑战,进来看看 - jim yuet
03/10/2014  Property Developers - Stay Selective, Switch Back to Big-caps
02/10/2014  Mah Sing showcasing projects worth RM10.6bil
02/10/2014  PublicInvest Research Headlines - 2 Oct 2014
01/10/2014  Leong calls for help for first-time home buyers
25/09/2014  Property Roundup
12/09/2014  Mah Sing Group - RM3.6bil sales target intact for 2014; 6 new prolific launches in 2H BUY

  6 people like this.
 
ahlek888 the float too low is it? or foreign ownership very little, that's why least impacted?
04/12/2014 22:39
beso when foreign fund start selling you will know what is the impact.
The Wall Street Journal reported that the kingdom is forecasting that crude prices will drop as low as $60 per barrel before stabilizing.
04/12/2014 23:28
des2003 EPF keeps disposing Mah Sing shares, no wonder its price keep pressing downwards
05/12/2014 23:39
bsngpg I read 2.20-2.30 as a very normal fluctuation and not a pressed down. In fact I am waiting for pressed down price so that I could accumulate much more. I personally rate Mahsing as a 5 stars company, therefore it is quite safe to buy more at lower price and take double advantages from the significant discount on the upcoming right issue and free warrant.
06/12/2014 07:53
jasgrafix http://www.bursamalaysia.com/market/listed-companies/company-announcements/1825641
16/12/2014 01:21
HowIn why today from 2.02 so fast recover? who so good go absorb all the share..
16/12/2014 10:20
jasgrafix http://www.thestar.com.my/Business/Business-News/2014/12/17/Mah-Sing-among-Nomura-top-picks-in-Asean-Report-Property-developer-is-expected-to-offer-above-averag/?style=biz

Malaysia's Mah Sing among Nomura top picks in Asean

PETALING JAYA: Property developers Mah Sing Group Bhd and Thailand’s Quality Houses (QH) are Nomura Research’s Asean property yield picks that are expected to offer above-average yields and dividend growth in 2015 and 2016.

In a report on Asean property, it identified three out of the 28 property stocks, including 11 real estate investment trusts (Reits), that it covered which fulfilled two conditions.

The conditions are that the stock’s 2015 forecast dividend yields would be higher than the market’s as well as the sovereign 10-year bond yield, and that the dividend per share (DPS) or unit (DPU) is projected to grow faster than the market in 2015 and 2016 forecasts.

It said that the report “aims to identify candidates amongst property stocks under our coverage in Asean for income-focused investors that are still looking for dividend yield ideas.”

Setting a RM3 target price for Mah Sing with a “buy” call, Nomura said its 2015 forecast yield was 5% versus the KLCI’s 3.6% and Malaysia’s 10-year bond yield of 4.2%.

Additionally, it said Mah Sing’s forecast DPS for 2015 and 2016 were projected to grow 22.2% and 27.3% respectively, versus the KLCI’s 6.8% and 7.2% respectively.

“The projected growth in dividend is underpinned by unbilled sales of RM4.8bil, which should drive earnings to expand 22% (compound annual growth rate) over financial years 2013 to 2016 forecast,” it said.

As for QH, which has a target price of 4.40 baht and a “buy” call, Nomura said it had a projected 2015 forecast yield of 4.8% versus Stock Exchange of Thailand’s (SET) 3.4% and Thailand’s 10-year yield of 2.8%.

Its DPS is projected to grow 12.5% and 16.7% in 2015 and 2016 versus the SET’s 11.4% and 12% respectively, underpinned by high earnings visibility due to resilient real demand for landed housing.

Nomura noted that Sunway Reit was its third stock that met the two conditions but retained its “neutral” call as it believed the robust DPU growth forecast in 2015 and 2016 was already largely reflected in the unit price.

It also noted that none of the Singapore Reits it covered managed to qualify on account of overall pedestrian DPU growth in 2015 and 2016 forecasts (average 1.5% to 1.6%).

Meanwhile, RHB Research downgraded the Malaysian property sector to “neutral”, expecting property transaction volumes to decline 3% to 5% in 2015 on the back of slower economic growth and a high loan rejection rate.

It also anticipated property prices to remain flat as developers would have difficulty passing on incremental costs during weakening demand, while all parties would be likely to adopt a wait-and-see stance as the impact of the goods and services tax kicked in.

“For the stocks under our coverage, we estimate new sales to drop by an average 10% to 20% year-on-year (y-o-y) versus -25% y-o-y in 2014 and +41% y-o-y in 2013,” it said.

RHB Research maintained “buy” on Tambun Indah Land with a reduced target price of RM2, noting that affordable housing players should fare better while the company’s fundamentals remained solid with zero gearing.

It downgraded Eastern & Oriental, UEM Sunrise and UOA Development to “neutral” with respective target prices of RM2.27, RM1.65 and RM1.84 respectively.

It downgraded Glomac to “sell” with a lower target price of 88 sen (6.5% downside), as it believed management’s 2015 (April) new sales target of RM504mil was a tall order given new launches would likely be delayed into the first quarter.
18/12/2014 01:02
dragonfruits So stingy company earn so much give so little to investor
19/12/2014 11:49
funitec Yeah, management taking the cake, only crumbs thrown to small shareholders. So some birds fly.
19/12/2014 15:02
bsngpg Mahsing said about 40% of the net profit will be distributed as dividend. This info is extracted from annual report.
19/12/2014 15:08


 

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