Posted by timl > 2013-09-29 00:48 | Report Abuse

received it long ago d.. something wrong with ur account?

Posted by bone > 2013-09-29 03:10 | Report Abuse

maybank staff told me should be 1 week after the payment date 20/9 .. true?

Posted by kcchongnz > 2013-09-29 08:28 | Report Abuse

Posted by bsngpg > Sep 28, 2013 08:24 PM | Report Abuse

To all: pls do not get confused by our discussion. All in all, Mahsing is still a great company in most of the aspects, just imperfect with negative cash flow. I believe there are many companies with negative cash flow in Bursa which can last long and grow successfully. Pls do your own assessment; negative cash flow is not a forbidden factor in biz world but definitely need extra attention.

Most of the members do not understand and always complained about the dull price performance of Mahsing, maybe the negative cash flow is the reason behind.

Good luck.


bsngpg, I agree with you the above. I also agree with your point that all interest payments were made except that in the income statement, they did not show the interest cost for development projects, but capitalized them, which i think is ok.

So my only concern is its fast growth and hence bad cash flow. But again fast growth may be good for many growth investors and good cash flow may eventually come.

Posted by fatinvest > 2013-09-29 08:30 | Report Abuse

bsngpg: I am a civil engineer and have to resort to reading all kinds of books to learn how to invest properly in bursa, and recently I found two such books which I think is a good help to people like us who do not have much finance background:-
1. 财务自由的讲堂-财务报表是投资的伟大航道 （ 黄国华）；
2. 财务自由的世界-财务分析就是一场投资的战争 （ 黄国华）。

These two books are written by Taiwanese, hence 繁体字 and available in Popular Book Store. I find them very useful, telling you what to look for in Balace Sheet, P & L and Cash Flow statements. With this, and you add on K C Chong's investment metrics, will be a good help for your investment decisions.
Wish you success!
Cheers.

Posted by bsngpg > 2013-09-29 09:28 | Report Abuse

Fatinvest : Wow! 九阳真经加九阴真经, 其不是天下无敌.
I appreciate your recommendation, really. Thks.

Posted by Investee > 2013-09-29 09:47 | Report Abuse

@Bone, yeah my dividend is not banked into my Maybank account as well. What's wrong???

Posted by fatinvest > 2013-09-29 10:23 | Report Abuse

bsngpg: Hope you will find them useful.
I myself benefitted tremendously from reading and understanding these two books. Only problem though, they are in Chinese and you may have to figure out the equivalent finance terms in English.
The explanations by the author are just superb!

Posted by BuyNHold > 2013-09-30 10:02 | Report Abuse

bone - i believe yours is nominee account. it is really take time when come across to the dividend distribution.

Posted by bone > 2013-09-30 10:55 | Report Abuse

thanks buyNhold... =)

Posted by Kutty123 > 2013-09-30 11:51 | Report Abuse

http://www.nanyang.com/node/567793?tid=794

Posted by Alex Chong > 2013-09-30 15:32 | Report Abuse

All Mahsing projects are overwhelmed and sold out fast. Expected higher TP and good dividend soon.

Posted by Fortunebull > 2013-09-30 19:37 | Report Abuse

Maybank and RHB TP at 2.50!

Posted by Kutty123 > 2013-10-01 08:36 | Report Abuse

when coming 2.5? next year?lama lagi

Posted by Kutty123 > 2013-10-01 10:26 | Report Abuse

very low PE, mean undervalue ni

Posted by Fortunebull > 2013-10-01 12:05 | Report Abuse

Buy E&O instead of Mahsing! E&O TP is 2.70!

Posted by Alex Chong > 2013-10-01 12:11 | Report Abuse

Mahsing shares was bought by ICAP at August. Indicator of good fundamental and long run share catagories.

Posted by Kutty123 > 2013-10-01 13:05 | Report Abuse

what is ICAP?

Posted by DJDJ > 2013-10-01 15:07 | Report Abuse

ICAP (5108) a local close-end fund.

Posted by DJDJ > 2013-10-01 15:09 | Report Abuse

Besides that, EPF also buy back. http://klse.i3investor.com/servlets/anpth/941417.jsp

Posted by Fortunebull > 2013-10-01 15:13 | Report Abuse

What happen! Why trading halt!

Posted by DJDJ > 2013-10-01 15:26 | Report Abuse

In yesterday's EGM, Mah Sing received shareholders' approval for the acquisition of a 35.26-acre freehold tract in Senibong, Johor for a total consideration of RM365.55m. However, in an announcement to Bursa Malaysia yesterday, Mah Sing said the sale and purchase agreement was terminated at the last minute, as the group had failed to secure the consent of owners of the neighboring land parcels to construct an access road to the planned development on the site. (Financial Daily) The termination of the SPA is a negative surprise and would cut RNAV estimate by around 8% or 30 sen. This is bad news and a setback to the company as the project was estimated to have a GDV of RM4.35bn. But Mah Sing has reassured that the company is aggressively scouting for more landbank to offset the loss.

Posted by DJDJ > 2013-10-01 15:32 | Report Abuse

Any good news maybe? finger crossed... :)

Posted by DJDJ > 2013-10-01 15:40 | Report Abuse

PROPOSED ACQUISITION BY SANJUNG TROPIKA DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF MAH SING, OF THIRTY ONE (31) PIECES OF ADJOINING FREEHOLD LANDS WITH TOTAL NET LAND AREA MEASURING APPROXIMATELY 1,351.84 ACRES ALL IN TEMPAT OF LKTP CAHAYA BARU, MUKIM OF PLENTONG, DISTRICT OF JOHOR BAHRU, JOHOR DARUL TAKZIM FROM BISTARI LAND SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM429,868,897.92

WA! Beli Lagi banyak land.

Posted by timl > 2013-10-01 15:44 | Report Abuse

where did u get that news?

Posted by DJDJ > 2013-10-01 15:47 | Report Abuse

hi Timl, which you are referring? I get all those from this site. I can share the link to all Mahsingians.

Posted by timl > 2013-10-01 15:51 | Report Abuse

The proposed acquisition. I saw the termination of spa but not the proposed acquisition.

Posted by Fortunebull > 2013-10-01 15:54 | Report Abuse

Wah! Can buy 31 pieces adjourning lands! Not easy task!

Posted by Fortunebull > 2013-10-01 15:57 | Report Abuse

Open back 4pm! Queing very big now!

Posted by timl > 2013-10-01 15:57 | Report Abuse

trading resumes? i can see a long queue at 2.21 d @_@

Posted by DJDJ > 2013-10-01 15:57 | Report Abuse

Here you go the link: http://klse.i3investor.com/servlets/anpth/941484.jsp
At first I also tot is same old story, but after look into it, no wor...different story. Left hand let ppl reject, right hand straight away buy a bigger land...memang geng.

Is this the reason caused trading halt? erm...

Posted by timl > 2013-10-01 15:59 | Report Abuse

@DJDJ thanks for the link :)

Posted by Fortunebull > 2013-10-01 16:00 | Report Abuse

Buy! Buy! Bought very big land! No need to develop! Sell at double profit no problem!

Posted by Fortunebull > 2013-10-01 16:00 | Report Abuse

For sure now Mahsing value at TP 3.00! No problem!

Posted by timl > 2013-10-01 16:02 | Report Abuse

flying d :D

Posted by Kutty123 > 2013-10-01 16:04 | Report Abuse

buy mahsing-wb

Posted by Fortunebull > 2013-10-01 16:04 | Report Abuse

Sell sell to me! Before newpaper tomorrow recommend buy!

Posted by timl > 2013-10-01 16:06 | Report Abuse

the mother is more attractive at this moment :P

Posted by Kutty123 > 2013-10-01 16:06 | Report Abuse

many times news paper recommence buy, but drop also ;)

Posted by Kutty123 > 2013-10-01 16:11 | Report Abuse

wb always faster, faster up and faster down

Posted by DJDJ > 2013-10-01 16:13 | Report Abuse

timl, no worries, happy investing.

Posted by Kutty123 > 2013-10-01 16:14 | Report Abuse

wb have to follow mother price....

Posted by Fortunebull > 2013-10-01 16:15 | Report Abuse

Few days back can buy below RM2.20! Now up! Miss boat! Sell to me cheap!

Posted by sephiroth > 2013-10-01 16:33 | Report Abuse

yesterday cancel 300m plus land deal, today buy 400m plus land

Posted by Fortunebull > 2013-10-01 16:35 | Report Abuse

Sell to me cheap!

Posted by sephiroth > 2013-10-01 16:38 | Report Abuse

bulls coming???

Posted by Fortunebull > 2013-10-01 16:39 | Report Abuse

Sephiroth! You sell now!

Posted by Kutty123 > 2013-10-01 16:39 | Report Abuse

anyone can share with me, mahsing -wb can buy?

Posted by Fortunebull > 2013-10-01 16:39 | Report Abuse

Everyone! Sell! Sell!

Posted by bone > 2013-10-01 16:45 | Report Abuse

can buy .. use money buy only..

Posted by lwalk > 2013-10-01 16:46 | Report Abuse

sui ah !!!