Posted by timl > 2013-10-01 20:36 | Report Abuse

lol.. bone

Posted by Fortunebull > 2013-10-01 20:50 | Report Abuse

Foreign fund yet to buy! Hope can buy 2.00!

Posted by Kutty123 > 2013-10-01 20:59 | Report Abuse

Tomorrow go back to 2.17?

Posted by bsngpg > 2013-10-01 21:12 | Report Abuse

Mah Sing acquires land in JB
Published: 2013/10/01
Mah Sing Group Bhd acquired 31 pieces of adjoining freehold land with net land area measuring 1,351.84 acres in Johor Baru for RM429.86 million or RM7.30 per sq ft.

Mah Sing said its wholly-owned subsidiary, Sanjung Tropika Development Sdn Bhd, has signed a conditional sales and purchase agreement with Bistari Land Sdn Bhd for the proposed acquisition.

The propperty developer said it intends to fund the proposed acquisition through a combination of internally generated funds, rights issue with warrants and/or bank borrowings.

It had raised RM397.74 million through a rights issue with warrants, which was completed on March 22, 2013.

"In this respect, an amount of not less than 20 per cent of the purchase price, equivalent to RM86.0 million, is expected to be funded by the rights issue proceeds and internally generated funds," said Mah Sing in a filing to Bursa Malaysia today.

The remaining balance of up to 80 per cent of the purchase price, equivalent to RM343.9 million, is expected to be funded by external bank borrowings.

Meanwhile, Mah Sing said the development cost of the lands would be funded through internally generated funds and bank borrowings, which will be decided at a later stage.

"The group believes the latest acquisition of land will see it benefit from the vibrant growth in Iskandar Malaysia and the strong demand for strategically located quality properties," it said.

Mah Sing's shares resumed trading from 3.58pm today after being halted for an hour.-- Bernama
http://www.btimes.com.my/Current_News/BTIMES/articles/20131001163809/Article/index_html#ixzz2gTX3GLJo

Posted by Fortunebull > 2013-10-01 21:14 | Report Abuse

Kutty! Hope so! Buy 2.17!

Posted by Alex Chong > 2013-10-01 21:17 | Report Abuse

Tomorrow price will be at 2.35 or above, from a reliable source.

Posted by Kutty123 > 2013-10-01 21:21 | Report Abuse

I had bot some at 2.17 ;)

Posted by Shinferre > 2013-10-01 21:35 | Report Abuse

finally this counter move a little bit..

Posted by chiklong > 2013-10-01 22:28 | Report Abuse

Omg....sold at 2.19 yesterday :(

Posted by bsngpg > 2013-10-01 22:56 | Report Abuse

1st Oct 2013, after AGM, 梁海金信心满满表示:“明年，我们放眼20%销售增长，达到36亿令吉目标。”.

Friends : what does this great news implies ? As far as I can realize, he delivered all his words.

In fact, I hope MSing proposes another round of Right Issue to get free fund from shareholders instead of loan from bank with interest. The previous Right came with a significant discount to mkt price. Besides the discount on subscription price, the Right entitles minimum 40% DPO too. The previous Right in Mar 2013 enjoys 5.4% yield, not to include the free warrant.

If u just look at the share price only, it is undeniable lousy, but if factor in the indirect benefit, it is pretty attractive. Agree?

Good Luck.

Posted by bone > 2013-10-02 00:38 | Report Abuse

2.35 tomorrow? .. hmm

Posted by Kutty123 > 2013-10-02 09:03 | Report Abuse

woow

Posted by Kutty123 > 2013-10-02 09:03 | Report Abuse

why so bull?!

Posted by Fortunebull > 2013-10-02 09:04 | Report Abuse

Wahaha! Crying! Regret! Didn't buy yesterday!

Posted by Kutty123 > 2013-10-02 09:05 | Report Abuse

yesterday u kept asking people sold u right? why tak dapat?

Posted by timl > 2013-10-02 09:08 | Report Abuse

he is being sarcastic to ppl tat didnt buy :P

Posted by calvintaneng > 2013-10-02 09:14 | Report Abuse

Fortunebull, Don't Need to Regret. MAH SING just cancelled a Big Project in Iskandar due to no access road. A Better Buy Than MAH SING Is PM CORP(4081) PM CORP has High NTA, CASH RICH & A WORLD CHAMPION BUSINESS IN FOOD MANUFACTURING.

BEST OF ALL PM CORP IS GIVING CASH PAYOUT SOON. COME OVER TO PM CORP FORUM.

SEE YOU THERE!

Posted by Fortunebull > 2013-10-02 09:14 | Report Abuse

timl! Not only you handsome but also smart!

Posted by timl > 2013-10-02 09:15 | Report Abuse

@calvintaneng : u didnt check out their latest announcement? they started an even bigger project..

Posted by Kutty123 > 2013-10-02 09:16 | Report Abuse

mahsing very cash rich

Posted by Kutty123 > 2013-10-02 09:22 | Report Abuse

alamak, hong leong downgred to 2.09

Posted by Hustle > 2013-10-02 09:23 | Report Abuse

You have to trust Maybank TP lah since it is one of the cronies.

Posted by bone > 2013-10-02 09:28 | Report Abuse

Aiyar kutty, don't so worry about it la, just let it be there for at least a year and enjoy your dividends/bonus ... everyday stare at it also won't make much difference

Posted by Kutty123 > 2013-10-02 09:29 | Report Abuse

i never bother at all, maybe HL tak sempat beli mahsing

Posted by kksk123 > 2013-10-02 09:31 | Report Abuse

i have been holding mahsing-wb for few months, going to hold it for other 2years.

Posted by calvintaneng > 2013-10-02 09:42 | Report Abuse

timl thank you for enlightening me, Fortunebull say you are handsome and smart!
I saw your comment on PM CORP Form at 00.06. You really work hard!

Wish you All The Best In Investing!

Posted by timl > 2013-10-02 09:46 | Report Abuse

cant help it.. too many things to study and do at the same time T_T

Posted by gerimis > 2013-10-02 09:59 | Report Abuse

Common, Mahsing Bouncing! Bouncing!Bouncing!!!

Posted by timl > 2013-10-02 10:11 | Report Abuse

wow.. 5 price targets for today and 4 of them are buy calls :D

Posted by Kutty123 > 2013-10-02 10:14 | Report Abuse

Ya, only HLG wrong calculation.

Posted by dknycom > 2013-10-02 10:52 | Report Abuse

Buy call now

Posted by bone > 2013-10-02 11:06 | Report Abuse

I think it can go higher today

Posted by Kutty123 > 2013-10-02 12:13 | Report Abuse

wow, cimb gread long term rm7++, over boost

Posted by timl > 2013-10-02 12:24 | Report Abuse

cimb has TP for mahsing too?

Posted by lwalk > 2013-10-02 12:30 | Report Abuse

“Continue accumulating Mah Sing as the stock is the best alternative to SP Setia in terms of execution and management,” - CIMB Equities Research

Posted by bsngpg > 2013-10-02 12:51 | Report Abuse

Iwalk: fully agreed. In fact I see both as Lin Dan and Lee CW.

Posted by Kutty123 > 2013-10-02 13:51 | Report Abuse

lindan always winner

Posted by oasischeah > 2013-10-02 14:58 | Report Abuse

Both are winners and both make lots of money.

Posted by DJDJ > 2013-10-02 15:14 | Report Abuse

Hi all, how about HUAYANG? Is it another gem? Looking at their stock price currently...

Posted by lwalk > 2013-10-02 15:16 | Report Abuse

i have mahsing, huayang, sp setia, E&O, uem sunrise, tropicana. to be frank.... sp setia, tropicana and sunrise aren't appreciating. the rest are quite strong.

Posted by bsngpg > 2013-10-02 15:26 | Report Abuse

I have MSing and Huayang only.

Posted by lwalk > 2013-10-02 15:28 | Report Abuse

both excellent :)

Posted by Yong Chian Haw > 2013-10-02 17:18 | Report Abuse

dun miss out tambun~

Posted by Kutty123 > 2013-10-02 17:19 | Report Abuse

esok uptrend?

Posted by Alex Chong > 2013-10-02 20:55 | Report Abuse

Forget about SP, as the whole smart team "shifted" to ECO World. Mahsing & Huayang are the replacement market player now. Tmmr target 2.40++

Posted by Fortunebull > 2013-10-02 20:57 | Report Abuse

Eco World take sometime! Mahsing already well ahead!

Posted by Alex Chong > 2013-10-02 21:03 | Report Abuse

FYI ECO World is not listed company, they will "use" FOCAL as a public listed company.

Posted by Fortunebull > 2013-10-02 21:04 | Report Abuse

Now Focal emporia! But once settle down, Mahsing huge landbanks no match! Focal only concentrate in middle and southern Peninsula. Mahsing whole Malaysia got on going projects and landbanks!

Posted by lwalk > 2013-10-02 21:06 | Report Abuse

everytime i take a roadtrip from kl to other states.. the most property billboards i see belongs to mahsing...

Posted by Fortunebull > 2013-10-02 21:09 | Report Abuse

Iwalk! Whole Malaysia Mahsing billboards!