MAH SING GROUP BHD

KLSE (MYR): MAHSING (8583)

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Last Price

1.72

Today's Change

0.00 (0.00%)

Day's Change

1.70 - 1.75

Trading Volume

6,254,500


11 people like this.

12,573 comment(s). Last comment by fruitcake 2 days ago

feiloh

911 posts

Posted by feiloh > 2016-08-15 21:27 | Report Abuse

HahahahahHa

Money

233 posts

Posted by Money > 2016-08-16 17:32 | Report Abuse

High closing...lai liao..

moonasia

112 posts

Posted by moonasia > 2016-08-17 02:26 | Report Abuse

1.90 coming soon, don't miss board...

Posted by Lost In Bursa > 2016-08-22 08:51 | Report Abuse

Will this counter go up to 1.90? This week will find out.

Posted by Asok Kumar Gopal > 2016-08-22 18:10 | Report Abuse

sure go up

Des2003

155 posts

Posted by Des2003 > 2016-08-22 23:43 | Report Abuse

2Q16 result will be out soon this week

Posted by Lost In Bursa > 2016-08-23 11:19 | Report Abuse

Ex Div. next week 6.5cts. This week QR out

Posted by Lost In Bursa > 2016-08-25 14:48 | Report Abuse

QR:-
Revenue 773,899,000
Profit/(loss) before tax 120,289,000
Profit/(loss) for the period 88,951,000

Izzo

32 posts

Posted by Izzo > 2016-08-25 16:10 | Report Abuse

Buy

2721

2,003 posts

Posted by 2721 > 2016-08-25 17:38 | Report Abuse

Luckily mahsing still able to perform, gayao..

Posted by Mohamad Shawari > 2016-08-25 22:41 | Report Abuse

good!

noobbie

1,122 posts

Posted by noobbie > 2016-08-26 09:46 | Report Abuse

warrant b should be in higher price

Posted by Lost In Bursa > 2016-08-26 09:49 | Report Abuse

Good sign for Mahsing. Intend to buy more! as dividend also not bad coming up next week at 6.5 cts.

Posted by Lost In Bursa > 2016-08-26 10:24 | Report Abuse

I think the target closing today around 1.64 ~ 1.65

Izzo

32 posts

Posted by Izzo > 2016-09-09 15:27 | Report Abuse

No worry this counter..holdnn accumulate by range price

Git13

26 posts

Posted by Git13 > 2016-09-20 09:42 | Report Abuse

Mah Sing strongly lobby government to ease property market by increasing total amount that individual can withdraw from second account in EPF.
http://www.theedgeproperty.com.my/my/content/887763/mah-sing-budget-2017-wish-list

Money

233 posts

Posted by Money > 2016-09-22 22:34 | Report Abuse

Come come...ur turn now!

noobbie

1,122 posts

Posted by noobbie > 2016-09-23 09:48 | Report Abuse

break 52w high..woohooo

bsngpg

2,844 posts

Posted by bsngpg > 2016-09-23 09:49 | Report Abuse

Wow! 1.67. Hopefully it can sustain.

Posted by Lee See Yen > 2016-09-23 20:19 | Report Abuse

any idea why wc no move ???? too lazy ...

Money

233 posts

Posted by Money > 2016-09-23 23:24 | Report Abuse

Because exercise value too high...

Posted by Lee See Yen > 2016-09-24 02:36 | Report Abuse

aiyo .....atlest follow the mother move ma....

Money

233 posts

Posted by Money > 2016-09-28 19:07 | Report Abuse

Ecoworld earning up.....how is about mahsing in next quarter result?ha..

yk1188

132 posts

Posted by yk1188 > 2016-09-29 14:11 | Report Abuse

Hope epf continue support n buy mahsing..then move higher...

bsngpg

2,844 posts

Posted by bsngpg > 2016-09-29 14:24 | Report Abuse

I personally dislike epf buying too much of Mahsing as it may turn out as sad story of SPSetia where Mahsing becomes "Bumising"

IK

94 posts

Posted by IK > 2016-10-10 23:24 | Report Abuse

Time to accumulate,

fast888

38 posts

Posted by fast888 > 2016-10-18 16:46 | Report Abuse

Should up soon

Noni

702 posts

Posted by Noni > 2016-10-21 11:44 | Report Abuse

How much debt this company is raking up compared to its assets value & projected income?

Money

233 posts

Posted by Money > 2016-10-21 19:23 | Report Abuse

Mahsing got property sell below rm300k?

bsngpg

2,844 posts

Posted by bsngpg > 2016-10-21 19:57 | Report Abuse

Smart question by Money.

fast888

38 posts

Posted by fast888 > 2016-10-22 12:36 | Report Abuse

Not seeing good news for property.

CKNYAM

1,470 posts

Posted by CKNYAM > 2016-10-22 13:07 | Report Abuse

Vivocom’ entry into affordable housing will support earnings
October 19, 2016, Wednesday Sharon Kong, sharonkong@theborneopost.com


KUCHING: Vivocom International Holdings Bhd’s (Vivocom) entry into the affordable housing market will support earnings, the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) observes, given that there is ready demand for affordable housing in Perak and East Coast of Peninsular Malaysia.

According to MIDF Research in a corporate update, Vivocom management aspires to diversify the group’s project portfolio and improves its working capital via affordable housing projects.

“While an affordable housing project generally provides lower single-digit margin for contractors, nonetheless it generates orderbook backlog for longer-term as well as tighter contractual obligations,” the research arm said.

“This would help to match Vivocom’s total construction revenue and earnings with cash inflows from predictable progress billings.”

MIDF Research highlighted that the recently clinched Kinta Valley and Tronoh affordable housing projects are crucial as a learning curve to provide experience in value engineering, traction of gaining tender advantage and wide content application of industrialised building system (IBS) in constructing affordable housing units.

“Vivocom is upbeat especially in East Coast of Malaysia where the demand of affordable housing exceeds supply,” the research arm said.

It added that Vivocom’s management has indicated an expanding IBS content for building construction citing cost advantage as well as time savings as primary drivers.

In MIDF Research’s view, Vivocom’s interest in affordable housing segment comes as no surprise as the State Government of Perak has announced in January 2016, the rolling out of 10,000 units of affordable housing by 2018.

“The Perak Housing Department currently has a waiting list of more than 12,000 applicants for its affordable housing schemes.

“Another example is Terengganu, which has a waiting list of 56,000 applicants since end of 2015,” the research arm noted.

Meanwhile, on the strength on the group’s balance sheet, MIDF Research believed that Vivocom presents a compelling risk/reward opportunity amidst the pressured share price.

Vivocom’s orderbook of RM3.5 billion is at all time high or approximately 48-month orderbook backlog (38-fold financial year 2015 (FY15) construction revenue cover which is the highest in the research arm’s coverage).

Premised on the group’s FY15 working capital/net income cover of 12.1-fold and diligent FY15 working capital/orderbook cover of 0.03-fold, the research arm viewed that Vivocom’s balance sheet fundamental strength is set to outweigh the risk of heavy orderbook execution.

On to its FY16/FY17 earnings estimates, MIDF Research has altogether reiterated earnings projections which are underpinned by a growing orderbook of circa 15 per cent which will swell to more than RM4 billion based on affordable housing projects that Vivocom has tendered.

MIDF Research has also reaffirmed its ‘buy’ recommendation with a target price of RM0.63 per share based on FY17 sum-of-parts (SOP) methodology on an implied prospective price earnings ratio (PER) of 13-fold which is on the lower end of the research arm’s small to mid-cap construction PER range of 10-fold to 14-fold (up 1.3 standard deviation above the mean of 12).

CKNYAM

1,470 posts

Posted by CKNYAM > 2016-10-22 13:09 | Report Abuse

Stock: [Vivocom 0069]
Total Value Date Receive LOA Date Commerce Date Completion Durations Remarks
1 Pavilion Hilltop, Mont Kiara fr CRCC 34,762,000.00 11/12/15 1/12/16 7/12/18 18 months
2 Rumah Selangorku Bdr Ulu Klang fr CRCC 116,400,000.00 12/8/15 1/18/16 7/1/17 18 months
3 1 Gateway Klang, Selangor fr CRCC 195,525,000.00 11/12/15 1/12/16 12/1/18 3 years
4 Neata Aluminium old orderbook as September 2016 351,753,000.00 11/12/15
Kemensah height (82.4mil),tamarind square(10.3mil),lumi tropicana (37.7mil), KL Gateway (15.4), Eclipse Residence (15mil)
5 Teras Millenium to Instacom for Telco Hub sites 29,000,000.00 11/12/15 1/12/16 8/12/16 7 months
6 Jointly Develop Kharisma Port Indonesia 1/15/16 No agreement sign
7 Desa Tasik Project fr Coneff Corp (2 block Commercial) 240,418,000.00 1/20/16 3/8/16 12/8/19 45 months
8 Desa Tasik Project fr Coneff Corp (24 storeys Condo ) 230,000,000.00 1/26/16
9 PBT Engineering for Third Avenue Cyberjaya to Neata 22,500,000.00 4/4/16 4/4/16 9/4/17 17 months
10 V-Development fr Gated Housing Bdr Ulu Klang 15,000,000.00 4/4/16 7/1/16 2/1/18 18 months
11 Green Venture Chepor Hulu Kinta Project 90,000,000.00 4/26/16
12 De Facto Wilayah Sultan Azlan Shah Hulu Kinta Project 160,000,000.00 5/5/16
13 Goldenhill Accenture Genting Sempah pahang project 46,000,000.00 5/20/16 7/20/16 7/20/18 24 months
14 Kiara5 Development Kg Kayu Ara Sg buloh 25,000,000.00 6/23/16 8/23/16 2/23/18 18 months
15 Lim Hoo Seng Construction Lorong stonor project to Neata 12,800,000.00 6/23/16 6/30/16 5/1/19 35 months
16 Seni perspek Bandar tasik Amanjaya Daerah kinta 756,000,000.00 8/4/16 JCA status
17 Green Venture Wilayah Chepor Project 18storeys Apartment 100,000,000.00 8/19/16 24 months
18 Dazamega Mukim Hulu Kinta Project 600,000,000.00 9/1/16 48 months HOA status
Total Project Pipeline that annouced in BursaMalaysia 3,025,158,000.00

Project Not Annouce Yet
19 Tropic Regal Sarawak 250,000,000.00
20 V Plaza Balakong 23,000,000.00
21 Regal Singapore 200,000,000.00
22 M101 Skywheel 500,000,000.00
23 Penang Tunnel 350,000,000.00
24. Gemas double track railway

Posted by Tankhaylong > 2016-10-23 11:56 | Report Abuse

Stamp duty for 1st house buyer( 300k house)

2016
SPA
~(100k x 1%+200kx2%)x50%=2,500
Loan(90%)
~(270k x 0.5%)x50%=675

2017~0%

Save =3,175

Posted by Tankhaylong > 2016-10-23 12:03 | Report Abuse

Stamp duty for 1st house buyer (500k house)
2016
SPA
~(100k x 1%+ 400k x 2%)x 50%=4,500
Loan(90%)
~(450k x 0.5% x 50%=1,125

2017
SPA
~(300k x 0% + 200k x 2%)=4,000
Loan (90%)
~(300k x 0% + 150k x 0.5%)=750

Save =875

bsngpg

2,844 posts

Posted by bsngpg > 2016-10-23 13:50 | Report Abuse

Potential benefit from the exemption on stamp duty announced in Budget 17 for Mahsing is negligible as most of the Mahsing's products are priced higher than RM300K. Indeed marginal negative impact may be created along the new measure to Mahsing as some of the lower income buyers will now attracted to properties lower than 300K which is not the focus of Mahsing.

bsngpg

2,844 posts

Posted by bsngpg > 2016-10-23 14:01 | Report Abuse

Being said that biz of Mahsing will still move on with similar profit level as last year at the worst case while aiming for growth. Dividend will be paid at 40% DPO again next year. Therefore I will just sit back with my big holding on Mahsing and waiting for the next dividend in Sep17 and turn around moment of property market.

Money

233 posts

Posted by Money > 2016-10-25 19:42 | Report Abuse

So how??? Keep drop...???no up?

2721

2,003 posts

Posted by 2721 > 2016-10-26 21:07 | Report Abuse

Div is king in same view..bsn u know abt cold eye? will attend his talk next sat?

bsngpg

2,844 posts

Posted by bsngpg > 2016-10-26 22:09 | Report Abuse

Will buy his book thru popular bookshop. No time to see him and get his signature. Hopefully one day he will come to my town.

bunga

7 posts

Posted by bunga > 2016-10-27 11:32 | Report Abuse

I like cold eye strategy. Can share what he talk about next sat ?

Money

233 posts

Posted by Money > 2016-10-27 19:41 | Report Abuse

Oversold...whats news out?
Next month quarter report out soon....

Money

233 posts

Posted by Money > 2016-10-31 20:12 | Report Abuse

Already drop 10%.....
Still further?

2721

2,003 posts

Posted by 2721 > 2016-11-05 21:54 | Report Abuse

Cold eye oso said worth to buy..his fren bought in 10 yrs ago n the return is 10x include bonus, rights & warrants

2721

2,003 posts

Posted by 2721 > 2016-11-05 21:54 | Report Abuse

*mahsing

Money

233 posts

Posted by Money > 2016-11-19 22:30 | Report Abuse

When report out for this quarter?

moonasia

112 posts

Posted by moonasia > 2016-11-21 19:40 | Report Abuse

countdown... ~ 3...

Money

233 posts

Posted by Money > 2016-11-25 19:34 | Report Abuse

Report out!!! Revenue down profit up.

2721

2,003 posts

Posted by 2721 > 2016-11-25 21:36 | Report Abuse

wow..congrats to mahsing able to sustain in a profitable way..

bsngpg

2,844 posts

Posted by bsngpg > 2016-11-27 11:10 | Report Abuse

2016 Nov : 下调全年销售目标,从23亿令吉调整至18亿令吉
2015 Aug : cut its sales target to MYR2.3bn from MYR3.4bn

====>"BIZ IS GOING DOWN HILL".

Golden Rule of Super investor : Buy only when profit of next qtr will be better than the last.
Cold Eye's Formula : 反向+"成长"+时间=财富。

===>My big investment in Mahsing is neither meeting Golden Rule nor formula of Cold Eye, leaving to only one direction = DOWN.

Worst still : 3 Qtrs eps =9.92cents. Annualize it to get whole year eps at 13.22 cents. At 40% DPO, div for 2017 will be only 5.29 cents= which is 19% less than 2016(5.29/6.5).

"Cooler than water" for few years.

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