I think the drop mainly across the property counter, from spsetia, lbs, etc..some fund managers playing the counter, at least now property counter got attraction... With dividend more than 6% for mahsing, people may say the more drop the better, at least can collect cheaper, haha. My thought.
Anyway, when the share drop more like now, the fund managers might need to push up the price again, or else losing even more, hahaha.. anyway, this is just my thought!
If the share price is 0.50, the dividend yield (0.0335) is 6.7%,, much better than putting in the bank, I think.. do u think the fund manager will let go? My thought
The coming HOC will bode well for MahSing, it has good location landbank to target first time home buyers. Last time HOC Mahsing recorded very good sales.
take a visit during weekend in icon city and southville city... the crowd are ridiculously low... worse than i expected... the 'city' is built to sell but no effort put to operate it... it looks like dead city inside... it is very bad example set by them, they will be having hard time to sell subsequent phase... take a look on sunway city, it is build to sell+operate with effort 20 years ago... and take a look on mahsing project/city >< Mahsing has high DY due to price drop...but look at the continue decreasing EPS and DPS... they cannot sustain this DY when Earning ps is less than Dividend ps... Don't forget 2019 have HOC already, their EPS also dropping...and this year got covid19 somemore...
whatever the concerns on future earnings,it has already priced in,at 0.465,pe 6.44,cimb tp 0.60,aminvest 0.79,hlg 0.86,midf 0.88,kenanga 0.69,so mahsing 0.465 now too high?so it should be 0.20?
i am so touched. after this counter left quiet for so long, i discover still so many people care for us here. indeed their advice are very good. i will sell cheap cheap on Monday to avoid further loss. please buy cheap from me.
expect to price 0.3 in 1-2 month time, when all realise hw bad it hit with current situation..... even insider told me to avoid such counter.Better switch to hibiscus......
Hibiscus never give dividend lah. You buy Mah Sing now with current price and the declared dividend, you still get better return than FD even if no dividend for next year.
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....
Gohhocks
238 posts
Posted by Gohhocks > 2020-05-29 22:19 | Report Abuse
I think the drop mainly across the property counter, from spsetia, lbs, etc..some fund managers playing the counter, at least now property counter got attraction... With dividend more than 6% for mahsing, people may say the more drop the better, at least can collect cheaper, haha. My thought.