GOOD PROFIT
MAHSING 8583 Share Price
RM1.51 RM0.72
52 Weeks Range : 0.63 - 1.47
7.2/10 (Expert Score)
Product is rated as #6 in category BM Property PROS:
- Extraordinary profit
- Small Dividend Payout
- Very High Tangible-to-Price
- Very High Trading Value
CONS:
- Company in Debt
- High Gearing Ratio
klse: Mah Sing Group Bhd
Corporate Information
Board : Main
Shariah : Shariah Compliant
Sector : Property Developer Crude Oil
Address: Wisma Mah Sing, Penthouse Suite 1, No. 163, Jalan Sungai Besi, , 57100, Kuala Lumpur
Contact: +603-J8492326704
Website: https://www.mahsing.com.my/
Corporate Background
Mah Sing Group Berhad is a property developer. The Company’s principal activity is in property development where the group develops commercial, residential (both high-rise and landed) as well as industrial properties. The Group is also involved in plastic manufacturing manufacturing and trading in Malaysia and Indonesia.
Specification: MAHSING 8583
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 30/08/21 | 438,673 | 58,038 | 40,401 |
| 31/05/21 | 413,316 | 56,160 | 40,281 |
| 25/02/21 | 472,781 | 47,637 | 28,134 |
| 30/11/20 | 388,223 | 40,451 | 27,003 |
| 28/08/20 | 298,623 | 22,447 | 15,187 |
| 29/05/20 | 371,127 | 43,134 | 30,070 |
| 28/02/20 | 442,640 | 58,292 | 44,987 |
| 27/11/19 | 415,474 | 69,942 | 50,015 |
| 30/08/19 | 481,246 | 68,036 | 50,319 |
| 30/05/19 | 450,333 | 73,949 | 55,013 |
| 27/02/19 | 514,647 | 84,080 | 66,017 |
| 16/11/18 | 504,256 | 81,300 | 64,233 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 1,712,993 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | 145,316 |
| Last 4 Quarter EPS (sen) | 3.34 |
| Last 4 Quarter PER | 12.03 |
| Last 4 Quarter Dividend (sen) | 1.66 |
| Last 4 Quarter Dividend Yield (%) | 2.31 |
| Net Tangible Assets (RM) | 1.42 |
| Goodwill (RM) | 5,140 |
| Cash (RM’000) | 901,240 |
| Debt (RM’000) | 2,010,000 |
| Total Debt (RM’000) | 3,250,000 |
| Net Assets (RM’000) | 3,440,000 |
| Current Ratio | 3.39 |
| Quick Ratio | 1.59 |
| Cash Ratio | 0.50 |
Technical
Technical Analysis
| MACD (26 vs 12) | -0.029 |
|---|---|
| Exponential Moving Average 5 | 0.718 |
| Exponential Moving Average 20 | 0.761 |
| Exponential Moving Average 90 | 0.82 |
| Relative Strength Index 14 | 0.27 |
| Stochastic %D 3 | 0.28 |
| Stochastic %K 14 | 0.30 |
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MAHSING 8583
RM1.51 RM0.72
The Edge –
Mah Sing Goup Bhd’s wholly-owned subsidiary Nova Century Development Sdn Bhd is buying an approximately two-hectare land in Tempat Jalan Genting Kelang, Setapak here for a proposed estimated RM618 million mixed development comprising residential and retail components from Teratai Constructors Sdn Bhd. Based on preliminary plans and subject to approval of the authorities, the new project to be named M Astra is planned for a mixed development comprising two blocks of serviced suites and some retail lots.
The Star –
On Friday, investor attention could be focused on Mah Sing, said JF Apex Research in its daily highlights report. Mah Sing has completed the testing and commissioning of its two glove production lines in its first glove manufacturing factory.
The Edge –
Mah Sing Group Bhd rose by as much as 4.84% or 4.5 sen to an intra-morning high of 97.5 sen in brisk trade today after it said it was mulling the listing of its manufacturing division, containing its new glove business, in Hong Kong. Yesterday, Mah Sing executive director Datuk Steven Ng said the group is exploring the listing of its manufacturing division within the next five years. The division comprises its existing plastic and glove businesses, and it will also start producing other medical devices in the future. Meanwhile, he said its gloves business is expected to contribute 25% of net profit for the financial year ending Dec 31, 2021 (FY21).
The Star –
Considering the weak property market and the pressing need to promote home ownership, the government has announced several measures under Budget 2021 especially for first-time home buyers and the low-income group. A key measure would be the extension of stamp duty exemption on residential properties for first time buyers until end-2025. The measure was first introduced under the Home Ownership Campaign. Property developers are expected to benefit from the full stamp duty exemption and these include Mah Sing Group Bhd
The Star –
Mah Sing Group Bhd is moving quickly in its entry into the rubber glove sector with additional piling works going on at its glove manufacturing factory in Kapar, Klang. It has targeted to start production by April 2021. These 12 production lines are phase one of Mah Sing’s ambitious diversification into gloves and have a maximum production capacity of up to 3.68 billion pieces of gloves per year. In a statement yesterday, the company, which is primarily involved in property development, said the group was fast-tracking its diversification into gloves, similar to its property development’s fast-turnaround business model.
The Star –
Shares in Mah Sing Group Bhd, which has been on an uptrend, rose over 13% in early trade to its highest in over two years. The developer added 13.23%, or 12.5 sen to RM1.07, highest since September 2018. It is one of the most heavily traded counters on Bursa Malaysia with over 107 million shares traded. Mah Sing will be spending up to RM150mil in capital expenditure for the first phase of its proposed rubber glove venture, which will be funded via internal funds, bank borrowings and sukuk issuance. The group plans to start its first manufacturing line as early as mid-2021 and is gunning to be one of the country’s top five biggest rubber glove producers.
The Star –
JF Apex Research pointed out Mah Sing has proposed a diversification into the manufacturing and trading of gloves and related healthcare products, which will in turn provide the group access to the global market, thus reducing over-reliance on the domestic market for its property business. The group is also considering listing its manufacturing division to unlock the segment’s value
The Star –
Mah Sing Group Bhd plans to issue up to RM100mil nominal value of seven-year redeemable convertible sukuk murabahah for investments and working capital purposes. In a filing with Bursa Malaysia, the property developer said the Islamic medium-term notes may be issued on a direct or private placement on a best effort basis without a prospectus to investors.
BURSA MALAYSIA –
The Group’s current quarter profit before tax of RM22.4 million was lower as compared to the immediate preceding quarter of RM43.1 million mainly due to the impact of Covid-19 pandemic.
REMUNERATION STUDY –
In Financial Year End 2019, the directors’ remuneration was 21.1 million. It was high compared to average in listed companies, considering the employees’ remuneration of 155.2 million and auditor’s remuneration of 511 thousands
BURSA MALAYSIA –
The Group’s current quarter profit before tax of RM43.1 million was lower as compared to the preceding quarter of RM58.3 million mainly due to traditionally softer demand during the Chinese New Year as well as delayed construction progress due to the MCO.
Investing Malaysia –
Average investing volume for Mah Sing Group Bhd in the past three months in stock market was 1868.1k lots
Investing Malaysia –
MAHSING gets a score of 31.45 in our equity and assets quality test based on current share price of RM0.68
Investing Malaysia –
Mah Sing Group Bhd gets a score of 32.86 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 8583 in Bursa Malaysia declared adjusted 7.08% dividend yield in past few years
Investing Malaysia –
MAHSING is estimated to have a profit consensus of 192.73 millions, with an adjusted market capitalization of 1615.24 millions
REMUNERATION STUDY –
In Financial Year End 2018, the directors’ remuneration was 26.05 million. It was high compared to average in listed companies, considering the employees’ remuneration of 164.7 million and auditor’s remuneration of 456 thousands