- 21% MAHSING 8583
UNVERVALUED

MAHSING 8583

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1.1301.140+0.0101.1901.060

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1,499,3612,0101.1401.15011,127

(11 customer reviews)
52 Weeks Range : 0.305 - 1.47

5 day volume Average = 390,912,680
20 day volume Average = 109,761,550
90 day volume Average = 35,949,938
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6.1/10 (Expert Score)
Stock is rated as #30 in category BM Property
Undervalued. Intrinsic value of RM1.45.
PROS:
  • Small Dividend Payout
  • High Tangible-to-Price ratio
  • 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.

Forecast: MAHSING 8583

Market Capital (RM) 2, 767, 564, 155
Forecasted Profit or Loss (RM) 143, 505, 213
Estimated Future EPS (sen) 5.909
Perspective P/E ratio 19.291
Estimated Dividend Yield (%) 3.353
Adjusted NTA (RM) 1.398

Result

Quarter Report History

Date Revenue,k PBT,k Net Profit,k
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
30/08/18 589,275 96,089 77,132
31/05/18 584,755 86,141 64,200
28/02/18 760,842 113,110 88,775
29/11/17 704,264 118,632 92,309

Fundamental

Fundamental Analysis

Last 4 Quarter Revenue (RM’000) 1,527,864
Last 4 Quarter Net Profit (RM’000) 144,586
Last 4 Quarter EPS (sen) 2
Last 4 Quarter PER 19.14
Last 4 Quarter Dividend (sen) 3.35
Last 4 Quarter Dividend Yield (%) 2.94
Net Tangible Assets (RM) 1.44
Goodwill (RM) 5,170
Cash (RM’000) 1,130,000
Debt (RM’000) 1,940,000
Total Debt (RM’000) 3,260,000
Net Assets (RM’000) 3,410,000
Current Ratio 3.37
Quick Ratio 1.58
Cash Ratio 0.62

Technical

Technical Analysis

MACD (26 vs 12) 0.1
Exponential Moving Average 5 1.055
Exponential Moving Average 20 0.833
Exponential Moving Average 90 0.695
Relative Strength Index 14 0.80
Stochastic %D 3 0.75
Stochastic %K 14 0.60

11 reviews for MAHSING 8583

4.4 out of 5
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  1. Avatar

    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.

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  2. Avatar

    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.

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  3. Avatar

    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

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    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.

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  5. Avatar

    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.

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    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.

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  7. Avatar

    Investing Malaysia

    Average investing volume for Mah Sing Group Bhd in the past three months in stock market was 1868.1k lots

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  8. Avatar

    Investing Malaysia

    MAHSING gets a score of 31.45 in our equity and assets quality test based on current share price of RM0.68

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    Investing Malaysia

    Mah Sing Group Bhd gets a score of 32.86 in our stability test after the balance sheet, money statement study

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  10. Avatar

    Investing Malaysia

    Stock code of 8583 in Bursa Malaysia declared adjusted 7.08% dividend yield in past few years

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  11. Avatar

    Investing Malaysia

    MAHSING is estimated to have a profit consensus of 192.73 millions, with an adjusted market capitalization of 1615.24 millions

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    MAHSING 8583

    PREVCLOSECHANGEHIGHCLOSE
    1.1301.140+0.0101.1901.060

    VOLUMEBUY VOLBUYSELLSELL VOL
    1,499,3612,0101.1401.15011,127

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