what is important is to determine whether Bridge Data Centres (BDC), a company primarily owned by Bain Capital. is good company or a bad one. can search the links
Every Data Center needs Power Supply, Infrastructure Property, Big Data, Cooling System... Don't confuse with MahSing which business is in the areas of Infrastructure Property with YTLPower which is in areas of Power Supply. They are not competing with each other!
MahSing is like a cockroach. Cannot die one. Because it is supported by strong fundamental. Not like any Tom, Dick or Harry company simply announce this announce that for fun..lol
Jakel gedung kain venture into datacentre. mAh Sing property developer also venture into datacentre. Pak Abu from kampung melayu and Ah Meng from kepong also going to announce they are venturing into datacentre. Their venture are very profitable.. Abu will be Lan Skap for datacentre. Ah meng will be hygiene for datacentre. Actually Abu itu tukang sapu and Ah meng ITU toilet cleaner... LOL...
Mahsing management team really professional, efficient and trusted. DC building will be completed in 18 months and start operation in 2nd half of 2026. Mahsing 20% stake in the JV could yield a profit share of RM23.6mil, this recurring income corresponding to about 11% of the financial year 2023 core earnings.
‘’Mah Sing said it has allocated 150 acres of landbank for further expansion at Southville City, which is earmarked to become a leading DC hub with planned capacity of up to 500 megawatts (MW).“”
IWCity (1589.KL) Biggest Laggard In Johor Property Boom
Over the weekend, The Edge Weekly featured a 200-pager Special Edition titled “JOHOR READY FOR THE BIG LEAP”. Johor since the middle of last year had been the hotbed of investment be it property counters and the involvement in Data Centre Theme. Share prices with exposure to Johor were sure hits for these 18 months. The main catalyst is none other than the sheer amount of FDIs pouring into the state. In addition to the big policy moves to formulate and execute business-friendly decisions in spearheading the state’s economic growth.
Quoting Datuk Ho Kay Tat (Publisher & Group CEO of The Edge)
Publisher’s Note [THE STARS MAY FINALLY BE ALIGNED FOR JOHOR]
“In 2006, Malaysia launched the Iskandar development project to try and push things forward for Johor, but progress has not been as good as hoped and one reason is because of the cool response from Singapore.
But this appears to have changed recently, and there is now bullish optimism in the air because of closer government-to-government cooperation that has enabled things to move. The collaborative construction of the Rapid Transit System Link (RTS Link) from Woodlands in Singapore to Bukit Chagar in the heart of Johor Bahru and the creation of the Johor-Singapore Special Economic Zone will be game changers.
Another factor is that Johor’s Sultan Ibrahim is now the King of Malaysia and His Majesty will definitely give an added push to make things happen sooner, rather than later
For Johor, the stars may finally be aligned”
In a RHB Report dated 13 May 2024 Titled [Real Estate - JS-SEZ: The New Chapter of Iskandar Malaysia] mentioned a list of major landowners in Iskandar Malaysia. Further extrapolating from the list, the table below shows the share price performances of these landowners.
To many investors' surprise, IWCity is the only company that printed a negative return on share price with a meagre -0.6% contraction. The average YTD return for companies with land banks in Iskandar Malaysia Region was +49.8% and even more on a 1-Year measurement.
Surging property prices in Johor as seen from recent transactions with KSL, Paragon Globe, Crescendo and AME Elite are some of the anecdotal evidence that land prices are indeed moving up. Hence, one needs to take a closer look at IWCity as it lags behind its peers by a far margin. Hence, an opportunity for the late comers to catch up with very low downside risks.
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....
Genovese
123 posts
Posted by Genovese > 2024-06-02 13:19 | Report Abuse
I remember 6 months after Mashing announced venture into Gloves market, the gloves stocks crashed.
DC stocks count down. 🤣