Showing posts with label MAHSING. Show all posts
Showing posts with label MAHSING. Show all posts

September 8, 2014

March 14, 2014

March 13, 2014

August 5, 2013

April 4, 2013

February 28, 2013

Sales on target

Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Research House: MIDFPrice Call: BUYTarget Price: 2.32



November 20, 2012

October 17, 2012

May 22, 2012

Kenanga cuts Mah Sing target price

Stock Name: MAHSING
Company Name: MAH SING GROUP BHD
Research House: KENANGAPrice Call: BUYTarget Price: 2.00



Kenanga Research cut its target price for property developer Mah Sing Group to RM2.00 (US$0.64) from RM2.18 on an outlook for higher net gearing after acquiring more landbank.

Kenanga said it was neutral on Mah Sing's recent RM333.2 million acquisition for 412.4 acres of land on the outskirts of the Malaysian capital.

"Although the 0.6x net gearing is manageable and is expected to fall below 0.5x over the next two quarters on the back of continuous billings, we prefer developers to keep their net gearing ratios below 0.5x, particularly in the current global uncertainties," Kenang said in a note to clients. -- Reuters