Posted by gohkimhock > 2024-09-01 01:53 | Report Abuse

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.

Posted by 11wenhao11 > 2024-09-05 14:47 | Report Abuse

Mah Sing to make huge gain from Johor land

https://www.thestar.com.my/business/business-news/2024/09/03/mah-sing-to-make-huge-gain-from-johor-land

Posted by JJPTR > 2024-10-08 16:20 | Report Abuse

better get out , property stocks, huge tsunami is coming.

Posted by JJPTR > 2024-10-09 16:25 | Report Abuse

Mahsing shows a similar pattern as PERTAMA chart
There was a suddeng plunge 2 months ago from 1.95 to 1.46
Now preparing for phase 2 of down leg...

Posted by minichart > 2024-10-10 07:54 | Report Abuse

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.

https://www.minichart.com.sg/2024/10/09/mah-sing-group-expanding-growth-through-data-centers-manufacturing-and-property-development/

Posted by 11wenhao11 > 2024-10-10 16:25 | Report Abuse

Why compared Mahsing with Pertama...? Getting traumatized by it ? 😗

Posted by yeinemesis > 2024-10-11 09:34 | Report Abuse

Should compare Mahsing with other property counters. Not with IT Techs.

Posted by gohkimhock > 2024-10-15 22:49 | Report Abuse

MahSing is expected to experience further expansion in 2025. It is a dynamic entity with a strong potential for growth.

Posted by newbie9893 > 2024-10-23 10:29 | Report Abuse

Mahsing pun pump & dump?

Posted by turbochart > 2024-10-23 21:31 | Report Abuse

Dump $ pump $ 😁 ?

Posted by lcng123 > 2024-10-24 11:23 | Report Abuse

1 day show

Posted by 11wenhao11 > 2024-10-24 17:32 | Report Abuse

Better than no show. ha

Posted by gohkimhock > 2024-10-25 15:54 | Report Abuse

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.

Posted by Perfectinvestor > 2 months ago | Report Abuse

Good to shake out weak hands. I have noticed the potential of Mah Sing as one of the best stocks in 2021 as shown below:-

Stock: [MAHSING]: MAH SING GROUP BHD
2021-07-01 17:59 | Report Abuse
One of the best stocks for long term investment

Posted by 11wenhao11 > 2 months ago | Report Abuse

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 !

https://www.nst.com.my/property/2024/11/1132621/analysts-positive-mah-sings-new-old-klang-road-land-acquisition

Posted by 11wenhao11 > 1 month ago | Report Abuse

Mahsing will make a huge gain from Johor land, qr will be good

Posted by 11wenhao11 > 1 month ago | Report Abuse

Mah Sing buys Johor Bahru land for township project, with RM463mil GDV

https://www.freemalaysiatoday.com/category/business/2024/12/03/mah-sing-buys-johor-bahru-land-for-township-project-with-rm463mil-gdv/

Posted by 11wenhao11 > 3 weeks ago | Report Abuse

Mah Sing poised for robust growth in 2025

https://thesun.my/business-news/mah-sing-poised-for-robust-growth-in-2025-AB13474073

Posted by lefty88 > 3 weeks ago | Report Abuse

1.88 now, what's the story ?

Posted by 11wenhao11 > 2 weeks ago | Report Abuse

Gogo, RM2 before Cny

Posted by lefty88 > 1 week ago | Report Abuse

why the crash?

Posted by gohkimhock > 1 week ago | Report Abuse

what crash? Look forward to a wonderful and rewarding year in 2025 for MahSing.

Posted by Arun008 > 1 week ago | Report Abuse

all property counter crash

Posted by NutCrackered > 1 week ago | Report Abuse

If companies follow US rules, they can avoid the export limits. This won’t impact the counter.

Posted by Monkey47 > 1 week ago | Report Abuse

Companies that meet US rules can bypass the chip export limits. This won’t affect the counter.

Posted by MadMonkey111 > 1 week ago | Report Abuse

Property projects doing good. Keep buying land, especially in Johor. Near RTS station.

Posted by RadiantSunlight > 1 week ago | Report Abuse

Property business good. Johor market booming now. Bought new land near Bukit Chagar RTS station. Heard projects selling very fast, good business.

Posted by mf > 1 week ago | Report Abuse

Time
US 30
41,800.8 42,012.2 41,781.8 -126.5 -0.30%
03:23:10
US 500
5,791.3 5,827.5 5,791.3 -35.2 -0.60%
03:23:09
US Tech 100
20,690.8 20,870.2 20,680.8 -155.3 -0.75%
03:21:04

Posted by DreamGuardian > 1 week ago | Report Abuse

Mah Sing confident data centre projects will pass through potential US chip export restrictions
Choy Nyen Yiau/theedgemalaysia.com
14 Jan 2025, 01:22 pm
Updated 01:45 pm

https://theedgemalaysia.com/node/740908

Posted by fortunefire > 1 week ago | Report Abuse

parking at 1.3x

Posted by JacNgu > 1 week ago | Report Abuse

margin call incoming. brriii brrii briii

Posted by PatBeh > 1 week ago | Report Abuse

Samirul also believes that by categorising Malaysia in the second tier, the US has sent a signal of mistrust, potentially undermining its image as a reliable trade partner and tech hub.

https://theedgemalaysia.com/node/740814

Posted by PatBeh > 1 week ago | Report Abuse

https://theedgemalaysia.com/node/740908

On Monday, the US announced controls on advanced computing and certain AI chips, alongside new licence exceptions and updates to the data centre rules.

The rules provide exceptions for certain allies and for supply chains of the chips, as well as allow companies to obtain approvals to build data centres in select locations.

Posted by flydelta > 1 week ago | Report Abuse

big drops for the last 5 days, no supports?

Posted by fruitcake > 1 week ago | Report Abuse

back to below 1. doesnt mahsing look cursed. last they diversified into gloves. gloves industry collapsed. this time they do DC & it collapsed again. DAMN

Posted by xiaoeh > 1 week ago | Report Abuse

already shot as historical high as 2013 at 1.90++
should factored in the DC catalyst already bro...

Posted by fruitcake > 1 week ago | Report Abuse

whatever. will only buy when it hit below 1👄😂

Posted by slts > 1 week ago | Report Abuse

😡😡😡

Posted by star584 > 1 week ago | Report Abuse

😊😊😊

Posted by DreamGuardian > 1 week ago | Report Abuse

Data centre-related stocks, AI proxies lower; experts warn against early bottom fishing
Syafiqah Salim/theedgemalaysia.com
16 Jan 2025, 01:33 pm
Updated 04:59 pm

https://theedgemalaysia.com/node/741229

Posted by Michael Kwok > 1 week ago | Report Abuse

Mah sing 1.43
Possible snap up at 1.15-rm 1.25.if no market crash.if yes,then dun buy.
16/1/25 9.40pm

Posted by DreamGuardian > 1 week ago | Report Abuse

Rebound on Bursa Malaysia fizzles as foreign selling continues

https://www.klsescreener.com/v2/news/view/1458717/rebound-on-bursa-malaysia-fizzles-as-foreign-selling-continues

Posted by DreamGuardian > 1 week ago | Report Abuse

Rahim & Co: Steady growth amid cautious sentiment for Malaysian property sector in 2025
Chin Wai Lun/theedgemalaysia.com
16 Jan 2025, 03:36 pm

https://theedgemalaysia.com/node/741248

Posted by slts > 1 week ago | Report Abuse

selling overdone

Posted by HugoUPUPUP > 1 week ago | Report Abuse

Hero time or wait?

Posted by 11wenhao11 > 4 days ago | Report Abuse

I think be a hero when the price is less than RM1

Posted by fruitcake > 3 days ago | Report Abuse

🤣🤣

Posted by gohkimhock > 3 days ago | Report Abuse

almost 8% up today. How many property counters could beat this one..?

Posted by HKHedgeFund > 2 days ago | Report Abuse

AI data center, good prospective, hold long term

Posted by HKHedgeFund > 22 hours ago | Report Abuse

No drink KOPI, still AI datacenter?