Mah Sing upgraded to 'market perform'

Publish date: Tue, 27 Mar 2012, 11:00 AM
Kenanga Research raised its rating on Malaysia's property firm Mah Sing Group Bhd to 'market perform' from 'underperform' following the company's maiden foray into commercial property development in the eastern state of Sabah.

We are positive on the deal as Sabah's property market demand is driven by the growing wealth of Sabahans from the commodities run," the broker said in a research note on today.

Mah Sing announced on Monday it was buying a 4.26 acres of prime leasehold commercial land in Kota Kinabalu, the capital city of Sabah, for RM39 million, a price Kenanga said was fair.

The company's shares opened lower on today, underperforming Malaysia's benchmark stock index, which opened 0.41 per cent higher. - Reuters

Labels: MAHSING

Discussions
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Jake

Research houses are not worth listening to...they play safe and mostly harp on the obvious..

2012-03-27 11:27

nasaie24

just a distraction this one is

2012-03-27 11:46

Jake

These research houses think they are doing us a great service with such farcical information...as they sit on the high chair, get paid big bucks churning out bombastic lingo just to hoodwink the man on the street that they are are knowledgeable.

2012-03-27 11:55

nasaie24

The bosses issue all that, the robots below them think they're helping ppl and clever because they have good degree and nice shoes

2012-03-27 11:58

akhira505152

Take their advice with a pinch of salt. Don't buy if it will end up waiting for years for the price to go up. Monitor what they recommend. Study the Technical Analysis of the counter. There must be volume to support any possibilities of any appreciation in price. Follow the trend. Look at the momentum. Fundamental must be good before putting any monies into it. If not you will be gambling rather than investing.

2012-03-28 04:19

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