24 August 2011

Mah Sing Update - August 2011

Mah Sing recorded 196M selling and booking in its recent property launches according to the source below:

http://www.mahsing.com.my/index.php?option=com_news&id=955&year=2011

The company recorded 78 retail lots in Star Avenue@Damansara, Sungai Buloh value at MYR71.7M. Close to 75% of Bungalows and Semi-Detached Homes in Puchong were also taken up by the buyers.

My view is that Mah Sing could easily hit its original sale target of MYR2.0B to MYR2.5B. Given its strong track record, a premium should be given to it market capital value.

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