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

Posted by newbies wong > 2018-09-30 17:29 | Report Abuse

keep collect~~:)

Ester1

130 posts

Posted by Ester1 > 2018-10-08 10:51 | Report Abuse

still keep collect? when next fly?

kennyku

494 posts

Posted by kennyku > 2018-10-10 14:10 | Report Abuse

Dun think it will fly so fast... good share will always get up slowly

Posted by Germany18 > 2018-10-12 18:58 | Report Abuse

Gpod3

Calvin882

1,562 posts

Posted by Calvin882 > 2018-10-13 16:37 | Report Abuse

Challenging and uncertain for property. Impending taxes expected in the budget next month will definitely affect ppl buying power on big tickets item like property. It will go on downtrend for now for the whole sector

PKok6655

50 posts

Posted by PKok6655 > 2018-10-15 23:25 | Report Abuse

All match RM 1

Dragon88

153 posts

Posted by Dragon88 > 2018-10-17 14:17 | Report Abuse

Buy and keep for long term. 3 years down the road, you will be laughing your way to the bank.

Ester1

130 posts

Posted by Ester1 > 2018-10-25 10:09 | Report Abuse

will enter when it goes down below 0.9

Calvin882

1,562 posts

Posted by Calvin882 > 2018-10-25 19:26 | Report Abuse

EPF started to dump.

tango9448

20 posts

Posted by tango9448 > 2018-10-31 13:47 | Report Abuse

expect government to announce steps to reduce unsold prop

Junqi

155 posts

Posted by Junqi > 2018-11-03 08:11 | Report Abuse

Is the budget 2019 positive for Mahsing?

lizi

1,968 posts

Posted by lizi > 2018-11-03 08:14 | Report Abuse

got to reduce selling price by 10%, positive or not?

Val-Elta

682 posts

Posted by Val-Elta > 2018-11-03 10:13 | Report Abuse

Overall it should be positive.
Why so?

1) the 10% discount is already currently being offered to clear stock anyway.. unsold properties and even new ones are given discount. No impact..
2) the free stamp duty is a positive news... Although not much. Again this is probably paid by property companies already as a discount (free stamp duty right c).. But this time it's free from the government... So, property developer can either profit from stamp duty savings or they can choose to maintain their stamp duty 'allowance' and convert it to extra discount for buyer.
3) additional p2p financing... This is potentially the biggest changer... A lot of problem is because bank have restriction on financing.. now property investors used to buy house n sell. For these investors, they cant flip because maybe rpgt impact is a bit more now, but clever investors can still profit as they can now borrow money to other people to buy house. Instead of paying 60k and get loan etc under your name, you can now use the 60k to loan to other ppl who want to buy house... Potentially a big win win.

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-11-03 10:37 | Report Abuse

Developer no need,to absorb stamp duty is one,thing. Wethet it atract investor to buy is another thing. Since b4 the budjet, there oredi got tis kind of freebies, to me there is nothing neW. Worse, now got rpgt

vitac

522 posts

Posted by vitac > 2018-11-03 10:37 | Report Abuse

Will you give loan to people you don't even know, even bank is monitor very tight now, problem is a lot of unsold unit overhang out there, now is stock more than demand. They already reduce the price more than 10% since last year, but property market still very slow, not easy to sell.

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-11-03 10:51 | Report Abuse

Bcos gov din request bank to reduce interest rate. Just press the developer only. Wont help much to spur the property

Godiva

184 posts

Posted by Godiva > 2018-11-03 13:08 | Report Abuse

Why so negative.. there r so many ppl still want to buy the property...now the budget 2019 encourge ownership for first time buyer will definately put mahsing at the stage once again

Godiva

184 posts

Posted by Godiva > 2018-11-03 13:09 | Report Abuse

No need to pay stem duty meaning developer no need absorb the stem duty lo.. no sst on building material n no stem duty.. developer can nw reduce the price lor

Posted by Nicholasming91 > 2018-11-03 13:11 | Report Abuse

Yea. U got see which developer poor 1 or not ? Reduce a bit wont die1

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-11-03 13:14 | Report Abuse

Ioi ceo said wont reduce px but increase instead. Mana blh simply simply reduce px. They oredi built very expensive house, n now ask them to reduce px for new house. Wat hapen to existing owners? Not fair. How r they going to sell their properties if new cheaper house exist in their taman. How r they going to sell their old unsold units?

ks55

4,211 posts

Posted by ks55 > 2018-11-04 12:47 | Report Abuse

Mahsing is dead.
Why?

1. Land cost is very high. Most development land were bought recently at prevailing price.

2. Interest on the rise. Cost of holding on to the development land become more expensive.

3. Bank reject most housing loan above 800k. Mahsing in this category whose potential client can"t afford bank loan.

4. Mahsing was very aggressive with DIBS 5 years ago. All those who bought Mahsing properties can't flip and can't pay installment. All waiting for bank lelong.

5. Most property developed by Mahsing and marketed under DIBS all become ghost city. Buyers can't afford even management fees and JMB is running like headless chicken. Only way is to reduce scope of maintenance job, and that make unsold Mahsing properties degrading at alarming speed.

6. LGE as Finance Minister is brainless when he first introduced RPGT for every property sold at 5%, even if you have held that property for 30 years. Then quickly he told the whole world the next day, first property sold after 5 years exempted from RPGT. Regardless whether is for upgrading from starter shoe-box home, or downsizing for the senior citizens with empty nest, all are pushed away from this idiotic policy.
Why can't LGE just deter speculator by imposing moratorium at 10 years instead of killing all those dreamed for starter shoe-box home, and those seniors who need some extra cash for their golden years?

7. So what are you waiting for? There will be less people buying into expensive home developed by Mahsing.
There will be less people going for downsizing (and right sizing) so Mahsing properties will not be in demand.
Run with your 4 legs now.
Run to BDB and Crescendo who are developers for affordable homes, and most important is even selling cheap, these developers still can make money because their land is very cheap...........

ks55

4,211 posts

Posted by ks55 > 2018-11-04 17:42 | Report Abuse

Same as PRS
When PRS first introduced, with govt tax incentive given to participant, but fail to see all those providers were all half-past-six fund managers, PRS participants all went to holland.

How come as many as 19 funds removed from PRS?
Out of which 13 were from Public Mutual Funds?
Why Public Anal-lists were chosen in the first place?
Are they not half-past-six and all half-cooked?

ks55

4,211 posts

Posted by ks55 > 2018-11-04 17:43 | Report Abuse

Once bitten twice shy
Don't be a guinea pig for something not proven
LGE is simply amateur to introduce financial derivatives without in-depth study consequences if failed

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-11-04 17:45 | Report Abuse

Prepare,to be,slaughtered for,those chase property counters

Val-Elta

682 posts

Posted by Val-Elta > 2018-11-04 20:17 | Report Abuse

The p2p plan looks promising and is a win win to all... I believe thats a good step.. at least its a genuine solution thats acceptable with benefits for owner, investor and also developers.

trulyinvest

2,370 posts

Posted by trulyinvest > 2018-11-04 20:26 | Report Abuse

Stupid scheme. X ada kepala besar jgn pakai,topi besar

Friendship

1,615 posts

Posted by Friendship > 2018-11-04 21:06 | Report Abuse

Game changer for Malaysia property market

Posted by Chaostrader > 2018-11-13 14:20 | Report Abuse

U want a subprime crIsis here? It's a pity a good company like Mah Sing being dragged into this.

beso

2,137 posts

Posted by beso > 2018-11-16 21:11 | Report Abuse

q3 net profit down 30.4%
sure below 0.90

Posted by Chaostrader > 2018-11-17 11:19 | Report Abuse

Rev down...eps down...share price below NTA. ..net cash position...good management...but no excitement in property sector

Posted by Chaostrader > 2018-11-17 11:29 | Report Abuse

Div yield 6.5% last few years...doubt can maintain going fwd.

Faiza

666 posts

Posted by Faiza > 2018-11-17 11:39 | Report Abuse

Property counters better dont touch
Cant sell; expect toughh time

5354_

4,793 posts

Posted by 5354_ > 2018-11-19 04:49 | Report Abuse

Profit drop 30% YOY why up 3 sen?

5354_

4,793 posts

Posted by 5354_ > 2018-11-19 04:50 | Report Abuse

Not all same. Penang island property still do well.

Faiza Property counters better dont touch
Cant sell; expect toughh time
17/11/2018 11:39

Muarmali

1,186 posts

Posted by Muarmali > 2018-11-19 08:47 | Report Abuse

this one is also gone case. run! :)))

Posted by rosewood133 > 2018-11-20 15:12 | Report Abuse

run run shaw:(

necro

4,726 posts

Posted by necro > 2018-11-22 09:30 | Report Abuse

Not only Mahsing effected but other players were also drag by property downcycle, Bandar Baru Sendayan in Negeri Sembilan for Hijayu also buyers already sell their house & some who unable to unload were force to lelong their property which they buy for price range RM550000 to RM650000 which the market value of the house lingering at RM450000-RM500000 currently, meaning those buy already loss at 1.market value appreciations & 2.rental growth(with only RM600 rental vs RM2500-RM3000 monthly installments..

Even top property developer like IJM LAND lowering their newly launch price for their project in Seremban from previously ranging RM500K-RM800K to only RM380K for double storey in Seremban 2.

Is Mah Sing a good bargain?.. I would said yes, but time will tell..

Posted by stockholm999 > 2018-11-28 18:28 | Report Abuse

mah sing bekerjasama with lazada. u can buy property in lazada liao, wtf =.=

iHunter

711 posts

Posted by iHunter > 2018-12-03 10:48 | Report Abuse

Does anybody know which Mahsing project being sued by their purchasers for defect and/or providing false marketing information including closing and converting club house to something else? If yes, is the damage more than RM250 Millions and is the damage covered by insurance?

James Ng

2,704 posts

Posted by James Ng > 2018-12-12 11:17 | Report Abuse

https://klse.i3investor.com/blogs/general/186262.jsp
[转贴] [MAH SING GROUP BHD:销售和营销和管理费用增加,Ramada Meridin酒店运营开始时的活动水平增加以及某些项目相关的维护和翻新费用] - James的股票投资James Share Investing

Posted by rosewood133 > 2018-12-14 08:56 | Report Abuse

More spending for now:(

Posted by wiseinvestment > 2018-12-17 14:12 | Report Abuse

Mah Sing should focus on their core business .. quality products and at fair prices! Hope there is none available on things that iHunter trying to look for.

mk88

986 posts

Posted by mk88 > 2018-12-17 21:04 | Report Abuse

Why many icon city shoplots still not open after completed 2 yrs

mk88

986 posts

Posted by mk88 > 2018-12-18 17:42 | Report Abuse

Buyers of mah sing projects last 5 yrs
All jialat esp commercial lots

zhen wei & JP

1,175 posts

Posted by zhen wei & JP > 2018-12-18 23:12 | Report Abuse

https://www.facebook.com/Selangorauctionproperty/

Can take a look ,no taker for the past 2 month.
deal seems good.

Posted by rosewood133 > 2018-12-27 08:51 | Report Abuse

2019 is an unpredictable year

edikeat

44 posts

Posted by edikeat > 2019-01-12 18:34 | Report Abuse

good time to buy in now?

Calvin882

1,562 posts

Posted by Calvin882 > 2019-01-12 23:02 | Report Abuse

Property sector still bearish. More stimulus needed to boost the sector

1128

81 posts

Posted by 1128 > 2019-01-16 09:39 | Report Abuse

Shit sector 2019

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