Highlights
KLSE: MAHSING (8583)       MAH SING GROUP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.815   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 1,979 Million
NOSH: 2,428 Million
Avg Volume (4 weeks):923,394
4 Weeks Range:0.815 - 0.895
4 Weeks Price Volatility (%):
91.06%
52 Weeks Range:0.815 - 1.10
52 Weeks Price Volatility (%):
74.09%
Average Price Target: 1.08
Price Target Upside/Downside: +0.265

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  16-Nov-2019
T4Q P/E | EY: 8.40  |  11.91%
T4Q DY | Payout %: 5.52%  |  46.37%
T4Q NAPS | P/NAPS: 1.42  |  0.57
T4Q NP Margin | ROE: 12.00%  |  6.83%

Headlines

Date Subject
06-Sep-2019 Property Sector - Landscape remains challenging
05-Sep-2019 买气仍低迷·产业股2年财测调低
03-Sep-2019 PublicInvest Research Headlines - 3 Sept 2019
03-Sep-2019 Mah Sing Group Berhad - M Vertica and M Centura Main Sales Drivers
03-Sep-2019 Mah Sing Group - Below Expectations
03-Sep-2019 Mah Sing Group - An Underperforming Quarter
03-Sep-2019 Mah Sing Group - A soft patch in 1HFY19, expects stronger quarters ahead
08-Aug-2019 【视频】马星集团 新项目税前赚幅料19%
07-Aug-2019 Mah Sing Group Bhd - Land acquisition
07-Aug-2019 PublicInvest Research Headlines - 7 Aug 2019
07-Aug-2019 Mplus Market Pulse - 7 Aug 2019
07-Aug-2019 Mah Sing Group Berhad - Third Land Banking This Year
07-Aug-2019 Mah Sing Group - A New Project in Melawati
07-Aug-2019 Mah Sing Group - New Affordable Development in Wangsa Melawati
25-Jul-2019 【视频】马星集团 购地价格合理
24-Jul-2019 MAHSING: Kenanga Research maintain OUTPERFORM with a unchanged TP of RM1.05. (Source: Kenanga Research)
24-Jul-2019 PublicInvest Research Headlines - 24 Jul 2019
24-Jul-2019 Mah Sing Group Berhad - Acquiring Land in Kepong
24-Jul-2019 Mplus Market Pulse - 24 Jul 2019
24-Jul-2019 Mah Sing Group Berhad - Second Land Banking This Year

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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  7 people like this.
 
skybursa Buy in bad news. Sell when news is good. Bad news means bargains. Good news means profit.
17/06/2019 3:35 PM
smalltimer AssetKayaMas the Henge, Kepong another water city
20/06/2019 8:44 PM
Asia88 Any door gift?
26/06/2019 5:59 PM
siaoliao condom satu from karex
01/07/2019 3:18 PM
KL1234 If continue to trade at way below Nta, better take it private.
01/07/2019 4:01 PM
skybursa Many unsold properties what can expect the share price to perform?
02/07/2019 8:12 AM
7300 for the next 10 years ,hate about property,perpetual ikan masin bond-kang edi ,leverage to rag :(

live freedom without worry as long term slave

no read newpapers ar??
11/07/2019 12:56 PM
vinc3nt another water leakage project
23/07/2019 5:20 PM
RainT buy when everybody fear

sell when everybody euphoria
24/07/2019 10:56 AM
sengkee Mahsing-WC
Exercise Price: 2.10
Expiry Date: 21 Feb 2020
24/07/2019 11:33 AM
k6ii https://www.thestar.com.my/business/business-news/2019/07/23/mah-sing-acquires-tract-for-rm705m-gdv-project/

keep buy land..but share price take jalan..
25/07/2019 3:24 PM
bahai4453 collecting bullets and guns first before you shoot and shoot up !
31/07/2019 1:34 PM
nkk53 Beli ikan masin 0.90 satu kilo
07/08/2019 6:46 PM
freddiehero lets break 0.50
07/08/2019 7:30 PM
loonginv 0.50 I oso want !!
07/08/2019 7:42 PM
nkk53 Tambah 0.895 yesterday.and keep till dividend payment
08/08/2019 6:44 PM
bahai4453 Baru masuk counter ini , sudah banyak turun.
13/08/2019 5:27 PM
bahai4453 Ini bulan hantu cina, siang tak boleh naik. Kena tunggu bulan mooncake
13/08/2019 5:31 PM
noobbie oiii..jalan la..bg lepas singgit
15/08/2019 11:05 AM
BullRun_93 @RainT buy when everybody fear
sell when everybody euphoria

Now enough fear or not? Can buy now? really takut lah....recently all masuk longkang wan. :(
29/08/2019 12:07 AM
Superbull888 https://www.theedgemarkets.com/article/hong-kong-investors-shun-singapore-homes-malaysia-taiwan

Hidden-gem, mashing future earning would be promising, dividend yield outperformed FD, potential capital gain in coming years.
30/08/2019 1:15 PM
kyy_superinvestor Mahsing good qr!
30/08/2019 5:10 PM
Invest_888 So difficult to understand, 1st quarter 2019 earning(NP TO SH) is RM55,013,000, the EPS is 1.51sen. The 2nd quarter 2019 earning(NP TO SH) drops to RM50,319,000, but the EPS is 0.96sen. When compare from RM55,013,000 to RM50,319,000, the drop only 8.53%, but the weird or can't understand is the drop of EPS is from 1.51sen to 0.96sen, the drop is 36.4%. If one quarter now only earn 0.96sen, 1 year is 0.96x 4=3.84sen. Now, one share is 86.4sen. Earning per year only 3.84/86.4= 4.439%. Can we earn money? most property counters earning become lesser and lesser.
Why financial report sometimes very easy to understand, sometimes totally can't understand? If totally can't understand means I don't know the investment risks, therefore I shouldn't invest at all.
02/09/2019 11:02 PM
Gtrade possibly the number of shares issued has gone up. Be careful with property counters, i heard cement price per 50k bag has drop from 18 rgt to now 14 rgt. .Ths confirm that demand for cement from property developer has shrink. YTL and other cement counters are also to be avoided
03/09/2019 3:51 PM
lizi Very good observation from Invest_888.

The confusion is due to perpetual securities interest payment made by mahsing this quarter. That's mean the actual net profit is 23 mil instead of 55 mil. Net profit figure is misleading. Must use EPS to calculate PER. Now PER of 9 is misleading.
03/09/2019 4:24 PM
lizi PER should be over 10 if use EPS, but i don't agree with your 0.96 x 4 annual EPS. Interest payment for debt notes is not constant every quarter. Next quarter could be none. So using eps x 4 is for kindergarden investor to use.
03/09/2019 4:33 PM
Invest_888 Thank you lizi for your good explanation. I found the answer at the below link with pdf format, page 19 of 20.

https://www.malaysiastock.biz/GetReport.aspx?file=2019/8/30/8583%20-%201707409985674.pdf&name=MSGB%20Q2%20FY19.pdf

Mahsing actual 2nd quarter 2019 earning was RM23.246,000 instead of RM50,319,000 due to the payment of perpectual securities, RM27,073,000. The EPS was total earning divided by total no of share(2,427,687,000) = 0.96sen.

Since Mahsing agreed EPS was 0.96sen. The actual earning must RM23.246,000. Why Mahsing told the whole world its 2nd quarter 2019 earning was RM50,319,000. Really misleading.

Kindergarden investor use simple term for normal people to understand. I think not only Mahsing use this complicated way to beautify their financial report, many companies do so. Many small investors(uncle/auntie) buy stock without any knowledge. They expose to high risk stock.
03/09/2019 6:47 PM
bahai4453 Just to tell you a simple fact. Except high dividend stocks every stock in Bursa is high risk. Just as you said financial report can be fake !
3 principles to gamble in stocks:
- Buy and sell on rumours.
- Buy and sell on good and bad financial result.
- Buy and sell at the right timing.
That's it . simple like.

Dia mari... hahaha..
04/09/2019 12:46 PM
bahai4453 Just for your info there are lots of guys making money by investing in PN17 counters !
04/09/2019 12:48 PM
zhen wei & JP https://www.theedgemarkets.com/article/walk-down-memory-lane

Nasi Lemak Group?

congrts to you.
04/09/2019 9:07 PM
bahai4453 Nasi lemak without sambal ikan bilis is no taste.
06/09/2019 5:53 PM
ValueMe Share price now like nasi lemak...after ex date,will drop it like its hot..
06/09/2019 10:21 PM
freddiehero wah.. close green today. very good
06/09/2019 10:25 PM
bahai4453 Fatt Fatt 0.88. Back to 0.90 soon. limit up tomorrow.
09/09/2019 4:48 PM
bahai4453 Mahsing boss donated fund to Chinese high school in Johore.
10/09/2019 9:23 AM
dompeilee Bought some MahSing @ 88.5c this morning to average down to 2 lots, on the last day to qualify for the dividend.
10/09/2019 5:12 PM
PKok6655 Cash company ok
11/09/2019 11:16 PM
ValueMe This share has potential to reach 70 cents by end of this year.
12/09/2019 11:01 AM
bahai4453 Are you sure ? Based on what theory ?


This share has potential to reach 70 cents by end of this year.
12/09/2019 11:01 AM
13/09/2019 9:27 AM
ValueMe Every week falling at the rate of 1 or 2 cents per week, declining profit for 6 quarters with the latest quarter profits just a shed above RM 50 million,terrible property market sentiment.The only way this share price will stabilise in the near future is if the company buy back their own share which they wont be doing anytime soon..Dont need theory..just logic.
13/09/2019 11:44 PM
freddiehero not yet falling enof..
14/09/2019 9:05 AM
freddiehero more.to come..
14/09/2019 9:05 AM
martinPLM then why all the BUY call
14/09/2019 6:16 PM
martinPLM and high TP?!
14/09/2019 6:17 PM
bahai4453 Just a guess! If you can see the future you're multy billionaire now. Investment and gambling is a guessing game!
14/09/2019 7:49 PM
RainT cash company then what ?

bad market sentiment on property

share price cannot go up also
16/09/2019 6:49 PM
freddiehero slow slow play... no idea
16/09/2019 7:03 PM
ValueMe Buy call is just a guide.I wont be surprised if many of the buy and sell calls are indirectly manipulated by the company itself.If you trust buy call 100 percent,you are still new to the stock market:(
17/09/2019 4:15 PM
martinPLM yes i AM:) but i sold all today!
17/09/2019 8:09 PM
bahai4453 Mashing's debts to assets is very low and they're working out something new to cut cost by pushing up the productivity of construction. As long as their performance is healthy. Sometimes up sometimes down. This is no a bad idea to invest in Mahsing at all. At least you can sleep better at night.
17/09/2019 9:22 PM


 

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