Bursa Malaysia Stock Watch
Mah Sing (BUY) - 4Q results
kltrader
Publish date: Wed, 29 Feb 2012, 04:07 PM
kltrader
0 20,407
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Mah Sing (BUY)
4Q results
- FY11 net profit rose 43% yoy to RM168.6m, in-line with consensus butmaking up only 91% of our FY11 estimate, due to their higher than expectedeffective tax rate of 29%.
- First and final gross dividend of 11 sen.
- Another record year in sales - RM2.26bn for FY11, but sales continued toslow down in 4Q. But with ~RM1.0bn in unconverted bookings, we believetheir FY12 sales target of RM2.5bn remains achievable.
- Given their intention to acquire land with RM5bn of GDV in 2012, webelieve there could be up to five acquisitions, focusing on the affordablehousing segment in Klang Valley.
- Rolling over our numbers, our FY12 earnings estimate is reviseddownwards slightly by 2% to RM241m, but key assumptions remain unchanged. Maintain target price at RM2.37 (maintain 30% discount to RNAV). BUY
Source: HLIB Research 29 Feb 2012
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
MQ Trading Signals
Time
Signal
Duration
Type
2024-07-24 16:40:00
EMA 5
5 Mins
SELL
2024-07-24 15:45:00
EMA 5
5 Mins
BUY
2024-07-24 15:30:00
TURTLE SYSTEM 20
30 Mins
BUY
2024-07-24 15:00:00
EMA 5
10 Mins
BUY
2024-07-24 14:55:00
EMA 5
5 Mins
SELL
Apps
Top Articles
1
BFM Podcast
2
CGS-CIMB Research
Genting Plantations - Proposed Land Acquisition in Indonesia
3
4
Koon Yew Yin's Blog
6
save malaysia!
8
THE INVESTMENT APPROACH OF CALVIN TAN
TSH RESOURCES (9059) VERSUS JOHOR PLANTATION GROUP (5323) Compare & Contrast, Calvin Tan
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
