UNVERVALUED
MAHSING 8583
| PREV | CLOSE | CHANGE | HIGH | CLOSE |
|---|---|---|---|---|
| 1.130 | 1.140 | +0.010 | 1.190 | 1.060 |
| VOLUME | BUY VOL | BUY | SELL | SELL VOL |
|---|---|---|---|---|
| 1,499,361 | 2,010 | 1.140 | 1.150 | 11,127 |
52 Weeks Range : 0.305 - 1.47
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
|
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 |
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MAHSING 8583
| PREV | CLOSE | CHANGE | HIGH | CLOSE |
|---|---|---|---|---|
| 1.130 | 1.140 | +0.010 | 1.190 | 1.060 |
| VOLUME | BUY VOL | BUY | SELL | SELL VOL |
|---|---|---|---|---|
| 1,499,361 | 2,010 | 1.140 | 1.150 | 11,127 |
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.
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