MIDF Research believes earnings growth prospects of Mah Sing Bhd to be positive for the group.

In a research note here today, MIDF said Mah Sing had a combined gross development value (GDV) balance and unbilled sales of RM7.44 billion.

The present jobs on-hand will provide the group strong earnings visibility through 2013, it said.

'The group's impressive year to date sales stands at RM1.02 billion,' it said, adding that it was confident that the group would surpass its new 2010 target of RM1.5 billion.

Sales growth will come on the back of up to RM28 million of new launches across developments in Klang Valley, Penang and Johor. -BERNAMA