MAH SING GROUP BHD
KLSE (MYR): MAHSING (8583)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
1.40
Today's Change
-0.03 (2.10%)
Day's Change
1.36 - 1.43
Trading Volume
42,344,500
News and Blogs
Discussions
12 people like this. Showing 50 of 12,600 comments
PETALING JAYA: Mah Sing Group Bhd has posted a strong eight-month sales performance of RM1.66bil, putting it on track to meet its minimum annual sales target of RM2.5bil.
The property developer said the sales were driven primarily by its M Series, which attracted strong interest from first-time home buyers.
Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the group remains committed to meeting the evolving needs of the market.
“With plans to further expand our M Series and introduce new offerings, we are well-positioned to continue our upward trajectory and achieve our 2024 objective,” he said in a statement.
He added the group is on track for a strong financial year 2024 (FY24) performance, supported by RM2.43bil in unbilled sales.
The group’s data centre portfolio is expected to further enhance long-term earnings through recurring income and value unlocking opportunities.
For the second quarter ended June 30, 2024 (2Q24), Mah Sing recorded a net profit of RM60.21mil or an earnings per share (EPS) of 2.37 sen.
This was an improvement from the RM50.48mil net profit or EPS of 2.08 sen it registered in 2Q23.
Revenue for the period was however down 10.2% year-on-year to RM578.39mil.
For the cumulative six months of the year (1H24), Mah Sing posted a net profit of RM120.26mil or an EPS of 4.84 sen against earnings of RM100.53mil or an EPS of 4.14 sen in 1H23, while revenue dipped to RM1.14bil from RM1.29bil in 1H23.
Its balance sheet remains healthy with RM911.5mil in cash and bank balances and investment in short-term funds, as well as a low net gearing of 0.10 times as at end-June 2024.
Mah Sing has secured land with nearly RM10bil in new gross development value, ensuring sustainable earnings visibility.
It has fresh cash flow of about RM500mil, which is periodically generated from vacant possessions.
2024-09-01 01:53
Mah Sing to make huge gain from Johor land
https://www.thestar.com.my/business/business-news/2024/09/03/mah-sing-to-make-huge-gain-from-johor-land
2024-09-05 14:47
Mahsing shows a similar pattern as PERTAMA chart
There was a suddeng plunge 2 months ago from 1.95 to 1.46
Now preparing for phase 2 of down leg...
2024-10-09 16:25
Mah Sing’s manufacturing segment is gaining momentum, with an ongoing expansion of its plastic business. Recently, the company entered a joint venture with its long-term Indonesian partner, PT Gaya, to increase the production and trading of plastic pallets, containers, and other handling and storage solutions. This joint venture is expected to increase Mah Sing’s manufacturing capacity by 10%, starting in October 2024.
With continued expansion plans, including new ventures in Thailand, Mah Sing is targeting further growth for its plastic manufacturing business, which may pave the way for a potential initial public offering (IPO) within the next three years. The Indonesian expansion alone is projected to drive a 10% increase in revenue for the plastic segment, unlocking additional value for shareholders and enhancing the company’s profitability.
https://www.minichart.com.sg/2024/10/09/mah-sing-group-expanding-growth-through-data-centers-manufacturing-and-property-development/
2024-10-10 07:54
MahSing is expected to experience further expansion in 2025. It is a dynamic entity with a strong potential for growth.
2024-10-15 22:49
老实说, 你们死马星都未死. MahSing momentum so strong. Those who managed to spot MahSing at the beginning of this year and still holding now, you are considered an intelligent and smart investor.
2 months ago
Good to shake out weak hands. I have noticed the potential of Mah Sing as one of the best stocks in 2021 as shown below:-
Stock: [MAHSING]: MAH SING GROUP BHD
2021-07-01 17:59 | Report Abuse
One of the best stocks for long term investment
2 months ago
Mah Sing Group Bhd's growth prospects look promising after its recent acquisition of 5.2 acres of freehold land along Old Klang Road in Kuala Lumpur, marking its fourth land purchase this year !
https://www.nst.com.my/property/2024/11/1132621/analysts-positive-mah-sings-new-old-klang-road-land-acquisition
2 months ago
Mah Sing buys Johor Bahru land for township project, with RM463mil GDV
https://www.freemalaysiatoday.com/category/business/2024/12/03/mah-sing-buys-johor-bahru-land-for-township-project-with-rm463mil-gdv/
1 month ago
Mah Sing poised for robust growth in 2025
https://thesun.my/business-news/mah-sing-poised-for-robust-growth-in-2025-AB13474073
2 weeks ago
what crash? Look forward to a wonderful and rewarding year in 2025 for MahSing.
6 days ago
If companies follow US rules, they can avoid the export limits. This won’t impact the counter.
6 days ago
Companies that meet US rules can bypass the chip export limits. This won’t affect the counter.
6 days ago
Property projects doing good. Keep buying land, especially in Johor. Near RTS station.
6 days ago
Property business good. Johor market booming now. Bought new land near Bukit Chagar RTS station. Heard projects selling very fast, good business.
6 days ago
Time
US 30
41,800.8 42,012.2 41,781.8 -126.5 -0.30%
03:23:10
US 500
5,791.3 5,827.5 5,791.3 -35.2 -0.60%
03:23:09
US Tech 100
20,690.8 20,870.2 20,680.8 -155.3 -0.75%
03:21:04
6 days ago
Mah Sing confident data centre projects will pass through potential US chip export restrictions
Choy Nyen Yiau/theedgemalaysia.com
14 Jan 2025, 01:22 pm
Updated 01:45 pm
https://theedgemalaysia.com/node/740908
4 days ago
Samirul also believes that by categorising Malaysia in the second tier, the US has sent a signal of mistrust, potentially undermining its image as a reliable trade partner and tech hub.
https://theedgemalaysia.com/node/740814
3 days ago
https://theedgemalaysia.com/node/740908
On Monday, the US announced controls on advanced computing and certain AI chips, alongside new licence exceptions and updates to the data centre rules.
The rules provide exceptions for certain allies and for supply chains of the chips, as well as allow companies to obtain approvals to build data centres in select locations.
3 days ago
back to below 1. doesnt mahsing look cursed. last they diversified into gloves. gloves industry collapsed. this time they do DC & it collapsed again. DAMN
3 days ago
already shot as historical high as 2013 at 1.90++
should factored in the DC catalyst already bro...
3 days ago
Data centre-related stocks, AI proxies lower; experts warn against early bottom fishing
Syafiqah Salim/theedgemalaysia.com
16 Jan 2025, 01:33 pm
Updated 04:59 pm
https://theedgemalaysia.com/node/741229
2 days ago
Mah sing 1.43
Possible snap up at 1.15-rm 1.25.if no market crash.if yes,then dun buy.
16/1/25 9.40pm
2 days ago
Rebound on Bursa Malaysia fizzles as foreign selling continues
https://www.klsescreener.com/v2/news/view/1458717/rebound-on-bursa-malaysia-fizzles-as-foreign-selling-continues
2 days ago
Rahim & Co: Steady growth amid cautious sentiment for Malaysian property sector in 2025
Chin Wai Lun/theedgemalaysia.com
16 Jan 2025, 03:36 pm
https://theedgemalaysia.com/node/741248
2 days ago
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
My Trading Adventure 2025
3
4
https://dividendguy67.blogspot.com
5
6
https://dividendguy67.blogspot.com
7
James的股票投资James Share Investing
8
Double Swords 双剑论股
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
OldtimerTrader
almost ready
2024-08-27 16:36