Dear mr goh U have a pity 24 follower.wahhh 24 follower.means less helping people.me 280 follower.i dun use ai or any software but mr goh use 3-4 stock market software with 5-8 computer.i use only 1 computer and 1 smart phone. Somemore mr goh,pity to tease people like tht.in competition and in reality not the same. Ai and software guided investment,mr goh say he good.Pity people,eventhough u rich.hear u got rm 10-20 million in ur account.why dun u talk,and i learn.last in competition dun means anything.the real thing,i make money. 2/8/24 6.40pm Posted by gohkimhock > 2 days ago | Report Abuse
this Michael Kwok so noob. Today is 31/7/24. Later Tant the i3 stock pick competition results for July 24. Let you guys see his position.
Mah Sing has completed the acquisition of the 500-acre M Legasi freehold township in Semenyih and M Legasi is anticipated to have a gross development value (GDV) of RM3.3 billion 💰
RISE OF DIESEL PRICE BY 52% CAUSED PROPERTY, CONSTRUCTION AND OTHERS CUT INTO THEIR PROFITS, BETTER BUY EAST MALAYSIA OIL PALM STOCKS DUE TO NO DIESEL PRICE SPIKE, Calvin Tan
PETALING JAYA: Mah Sing Group Bhd has posted a strong eight-month sales performance of RM1.66bil, putting it on track to meet its minimum annual sales target of RM2.5bil.
The property developer said the sales were driven primarily by its M Series, which attracted strong interest from first-time home buyers.
Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the group remains committed to meeting the evolving needs of the market.
“With plans to further expand our M Series and introduce new offerings, we are well-positioned to continue our upward trajectory and achieve our 2024 objective,” he said in a statement.
He added the group is on track for a strong financial year 2024 (FY24) performance, supported by RM2.43bil in unbilled sales.
The group’s data centre portfolio is expected to further enhance long-term earnings through recurring income and value unlocking opportunities.
For the second quarter ended June 30, 2024 (2Q24), Mah Sing recorded a net profit of RM60.21mil or an earnings per share (EPS) of 2.37 sen.
This was an improvement from the RM50.48mil net profit or EPS of 2.08 sen it registered in 2Q23.
Revenue for the period was however down 10.2% year-on-year to RM578.39mil.
For the cumulative six months of the year (1H24), Mah Sing posted a net profit of RM120.26mil or an EPS of 4.84 sen against earnings of RM100.53mil or an EPS of 4.14 sen in 1H23, while revenue dipped to RM1.14bil from RM1.29bil in 1H23.
Its balance sheet remains healthy with RM911.5mil in cash and bank balances and investment in short-term funds, as well as a low net gearing of 0.10 times as at end-June 2024.
Mah Sing has secured land with nearly RM10bil in new gross development value, ensuring sustainable earnings visibility.
It has fresh cash flow of about RM500mil, which is periodically generated from vacant possessions.
Mah Sing’s manufacturing segment is gaining momentum, with an ongoing expansion of its plastic business. Recently, the company entered a joint venture with its long-term Indonesian partner, PT Gaya, to increase the production and trading of plastic pallets, containers, and other handling and storage solutions. This joint venture is expected to increase Mah Sing’s manufacturing capacity by 10%, starting in October 2024.
With continued expansion plans, including new ventures in Thailand, Mah Sing is targeting further growth for its plastic manufacturing business, which may pave the way for a potential initial public offering (IPO) within the next three years. The Indonesian expansion alone is projected to drive a 10% increase in revenue for the plastic segment, unlocking additional value for shareholders and enhancing the company’s profitability.
老实说, 你们死马星都未死. MahSing momentum so strong. Those who managed to spot MahSing at the beginning of this year and still holding now, you are considered an intelligent and smart investor.
Mah Sing Group Bhd's growth prospects look promising after its recent acquisition of 5.2 acres of freehold land along Old Klang Road in Kuala Lumpur, marking its fourth land purchase this year !
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....
11wenhao11
375 posts
Posted by 11wenhao11 > 2024-07-12 17:23 | Report Abuse
Follow RHB's TP on Mahsing 😁