【MAHSING 8583 交流专区】马星集团

CHLaw

依你来看，你觉得马新的价钱，要调整至多少才可以进？

os

原帖由 CHLaw 于 19-12-2006 09:38 AM 发表
请问什么是 >>> 也需考虑附加股的额外资金?

谢谢。

新山巴菲特的解释很不错。另外的就是附加股的定价会比市价折价大约 10%，视市场反应而定。不够子弹的股东通常会先套利部分现金，以用来买附加股。

x x x
马星目前接近历史高价，开了翻的朋友或许可以跟随大势，套利部分。
如要现在买进，我没有意见，长期则看好。
马星现在的净利只是实达的五份一，还有相当可观的成长空间。

新山巴菲特

坦白讲，我没办知道它跌到多少才值得买进，　两三年前，　它从１．４０　升到三块多左右，　后来发红股及附加股才从三块多调整到一块多，　同时期的ＧＬＭＯＡＣ, MK Land 都从三块多跌到俩块钱, 就有很多人卖了MAHSING买MKLAND和ＧＬＯＭＡＣ，　结果换股的人都完蛋，　今天ＭＫＬＡＮＤ　才几毛钱，ＧＬＯＭＡＣ才一块多，　反而ＭＡＨＳＩＮＧ不但没跌,又重演历史从一块多上到三块多, 明年又要发红股及附加股了......还会不会重演第三此历史?

os

好像有转机，从来没有看过 spsetia 可以这样勇

Property counters up on easing of purchase rule
By Gan Yen Kuan
Email us your feedback at fd@bizedge.com


Share prices of property counters rose, including three to their year highs, after the government allowed foreigners to buy residential properties worth over RM250,000 each without having to seek approval from the Foreign Investment Committee (FIC) effective Dec 21.

The Property Index rose 10.98 points to close at 672.95 on Dec 21, with SP Setia Bhd, Sunrise Bhd and YNH Property Bhd hitting their year highs.

SP Setia gained 42 sen or 8.79% to close at RM5.20, making it the top gainer of the day, after hitting an intraday high of RM5.35, with a total of 13.87 million shares done.

Sunrise and YNH Property rose 11 sen each to RM2.04 and RM1.98 on volume of 2.56 million and 3.72 million shares respectively.

Among other property counters on the gainers' list were Mah Sing Group Bhd, which added 14 sen to RM3.38, Bandar Raya Developments Bhd (11 sen to RM1.25), Glomac Bhd (10 sen to RM1.20) and Sunway City Bhd (5 sen to RM2.15).

On Dec 20, the FIC said foreigners could now purchase residential properties worth over RM250,000 per unit without having to obtain FIC’s approval.

FIC said there would no longer be a limit to the number of residential properties that foreigners could own or any conditions upon their usage. In the past, foreigners were only allowed to buy properties for their own use.

Analysts said the further relaxation in FIC's ruling would augur well for the overall development of the property sector, especially high-end property developers such as Sunrise, E&O Property Development Bhd, SP Setia, Sunway City, Glomac and YNH Property.

Mayban Securities Research said the immediate beneficiaries of the new ruling would be property developers with ongoing high-end residential projects, particularly in the vicinity of Kuala Lumpur city centre where properties are sold at over RM600 per square foot.

The research house said there was also a possibility of a spillover effect to the rest of the property sector, as the liberalisation of foreign ownership could provide support for property prices and drive capital value to a new high.

"Local high-end residential prices in Malaysia are still relatively cheaper than their regional counterparts like Singapore; and hence have upside potential.

"In addition, the market will also view the change in ruling as a positive step by the government in creating a more conducive environment for business and may boost the flow of foreign direct investments over the medium term," it said in a research note yesterday.

Meanwhile, HLG Research said it expected property sales to pick up gradually, especially for prime properties located in the Klang Valley, Penang and Johor.

It said other catalysts that would support stronger property sales included the stabilisation of interest rate, and multiplier effect from the implementation of projects under the Ninth Malaysia Plan.

It added that property sales would also be driven by stock market wealth effect, as property investment was a good hedge against inflationary concerns as well as an alternative mode of investment given the current low deposit rates.

However, HLG Research said while the outlook for the property sector was improving, it was maintaining its "neutral" rating for the sector, as it did not see a broad-based recovery because of the excess supply in the market and cautious consumer sentiment.

jackphang

原帖由 os 于 22-12-2006 12:36 AM 发表
好像有转机，从来没有看过 spsetia 可以这样勇

Property counters up on easing of purchase rule
By Gan Yen Kuan
Email us your feedback at fd@bizedge.com


Share prices of property c ...

SPSETIA的强项是它能够与政府合作，建造公路设施，比如SETIA ALAM的Highway入口处，新山Setia Tropika的highway入口处等等。。增加了公路便利，以及18+18配套的服务。它的优点在于高品质，从the edge可以看出一端。

而马星高明之处是它完全不需要建造公路设施(CAPEX)，而是选择进入成熟市场，其目标是那些希望提升房子的人民。近来的250k可能会吸引到外国人来到大马置业，响应大马第二个家的计划。

当然，还有一些低价位的房地产公司，适合拿来拿股息。

新山巴菲特

基本上,SP　ＳＥＴＩＡ　和ＭＡＨＳＩＮＧ都是好股，这两个发展商都是有口皆碑的，　这几天ＳＰSETIA都上好厉害,对于喜欢大资本的可选ＳＰSETIA,小资本可选MAHSING........

kok1984

sp setia是发展bukit indah的公司吗？他们在那里的地库发展完了吗？

新山巴菲特

是的, BUKIT　ＩＮＤＡＨ　和　Ｂｕｋｉｔ indah２　都是由ＳＰ sETIA 发展的,地完了还可以再买,你看在KEMPAS和AUSTIN也有SPＳＥＴＩＡ的ＰＲＯＪＥＣＴ

新山巴菲特

哥打到现在还没完全退,看来必定会导致部分的居民往南迁移,更多南部的产业股将受惠

chengyk

最近去了 setia alam 看 SP Setia 的试范屋。我参观了两间双层排 屋，感觉很好。
不过太贵了 20 x 70 (大概) 要 240K， 22 x 75 要 299K。 sp setia 只发展了一
小部分，如果它完成 setia alam project 的发展。应该会带来可观的盈利。我不
认为它已经 slow down，反而认为它在圹大。我也去了 Mah Sing 的       。它只
卖 semi -D 和 bungalow。 semi -D 接近 300K，感觉怪怪的，房间和客厅的比例
很怪。我不喜欢 mah sing 的 semi-D。不过它的 bungalow 很好，但是要 700K++。
我认为两间公司都很好。以购屋者的心态来衡量两间公司，我比较喜欢 SP Setia。
我还需要分析两间公司的基本面，才能做出投资的信号。听说 wct land 的 bukit
tinggi 和 gamuda 的 botanic 也发展的不错。

新山巴菲特

Mahsing 的排楼应该是卖完了吧,所以才看SEMI-D 和 BUNGLOW, 其实两个公司都不错, ＳＥＴＩＡ　ＩＮＤＡＨ　的地很大很平，我也很喜欢，　不过我更喜欢ＭＡＨＳＩＮＧ赚大钱，　哈哈！　

edison7

price raising....

买了500股， 希望会为我开个翻吧。
马星现在有投资国外的产业吗？

os

Monday January 22, 2007

INNOVATION and fast project turnaround time are the qualities that have made Mah Sing Group Bhd one of the fastest growing property groups in the country.  
The company’s range of innovative and well-designed residential projects is targeted at the upgrader market – for buyers who want to move into more spacious houses within gated enclaves.
Sticking to the business model of just building semi-detached houses and bungalows in the Klang Valley has also proven to be a huge success for Mah Sing.
Its medium-high and high-end lifestyle residences that are branded under the Perdana, Residence and Legenda series have a loyal following of buyers in the company’s two market strongholds, the Klang Valley and Johor Baru.  
Mah Sing president and group chief executive Datuk Leong Hoy Kum said demand for semi-detached houses and bungalows was still very good as the total supply of such houses made up only 5% of the total residential supply.  
So far, all the projects launched by the company have recorded take-up rates of more than 90%.
Mah Sing is also renowned for its fast project turnaround time and shrewd landbanking skills that ensure newly-acquired land will be launched within two to five months from vacant possession of the land.
The fast project turnaround of between two to five months has given Mah Sing a return on equity (ROE) of some 20%, which is one of the highest in the industry. The industry average is 8% to 12%.
Steered by its dynamic and hands-on group chief executive, Mah Sing has also proven its prowess in scouting for prime landbank.
Last year the company added four pieces in the Klang Valley, and in 2005 it secured two parcels in the Klang Valley and Johor Baru.
This year Mah Sing aims to add three more pieces of land - two in the Klang Valley and one in Johor.  
Mah Sing’s new projects lined up for this year, comprising four residential projects and a commercial development, will further underscore the company’s creative and trend-setting streaks.
For those looking to upgrade into a bungalow precinct, Kemuning Residence in Shah Alam looks like a viable option.
Located on 21.1 acres adjacent to Paramount Corp Bhd’s Kemuning Utama, Kemuning Residence features only exclusive bungalows within a gated and guarded enclave.
  
Mah Sing project
The 144 bungalows with built-up areas of 2,800 to 4,500 sq ft have price tags from RM789,000 to RM1.5mil.
The project, with a tropical contemporary theme, will have some welcoming features such as double master suites, pantry on the first floor, tropical themed bathrooms, feature staircase and high ceiling.
Besides the 17 units of 3-storey bungalows with built-up of more than 4,000 sq ft, it has 127 units of garden bungalows based on the unique zero-lot concept.
The 10-ft garden for each garden bungalow is designed to integrate the indoor with the outdoor.
Residents can also look forward to the recreational activities at the community clubhouse that is expected to be ready by the end of next year.  
In Cheras, Mah Sing will be launching two new projects: One Residence and Hijauan Residence. The 10-acre One Residence will comprise only 64 semi-detached homes and bungalows for those who prefer living in a small, close-knit community.
Hijauan Residence, which is 1km away from One Residence and fronts the Ulu Langat Forest Reserve, is a modern eco-resort featuring 478 residences. The 1,000 sq ft to 3,400 sq ft residences will be priced from RM205,000 to RM880,000.
Mah Sing’s foray into the commercial sector will kick off with the June launch of The Icon.
The one-acre site in Jalan Tun Razak, KL, was acquired in October last year at a cost of RM53mil.  
Fitted with state-of-the-art features, the sophisticated twin office blocks designed by CBG Architects of Singapore will comprise 480,000 sq ft of net lettable Grade A office space.
Leong said negotiations were going on with a few interested corporate buyers for en-bloc purchases of the buildings.

os

Mah Sing plans overseas foray
Monday January 22, 2007
By ANGIE NG

MAH Sing Group Bhd is on the threshold of making bigger achievements, with plans to go overseas and to move into commercial properties in the Klang Valley.
Having established its reputation as a lifestyle residential developer, the company wants to leverage on its strong branding by venturing overseas and building up its presence in the local commercial property sector.  
“We are open to opportunities that fit our business model, which includes fast project turnaround to give us a high return on equity and meet our required margin,” president and group chief executive Datuk Leong Hoy Kum told StarBiz.  
He said it targeted to have its first overseas project next year and the countries being considered included India, China, Indonesia and Vietnam.  
“By leveraging on our premium products, lifestyle designs, efficient operations and best practices, we are confident of charting greater success as a premier lifestyle developer, both locally and regionally,” Leong said.  
To minimise its capital outlay when undertaking overseas projects, Mah Sing will opt for joint ventures with established local partners in the respective countries.  
Its maiden commercial project, The Icon in Jalan Tun Razak, KL, is earmarked for launch by June. The company is also eyeing more niche commercial projects and is negotiating with landowners around Kuala Lumpur City Centre and Petaling Jaya.
According to Leong, Mah Sing’s venture into the commercial property sector is timely as demand, especially for Grade A office space, is quite strong and the rental rates are climbing.
The margin for commercial projects is also higher and will be more rewarding for the company and shareholders.  
  
Datuk Leong Hoy Kum at the Kemunting Residence show bunglows
In their consensus estimates, analysts are confident of a 35% growth in Mah Sing’s net earnings for the financial year ended Dec 31, 2006.  In 2005, Mah Sing recorded RM473.5mil in revenue and RM48.3mil in net profit.  
The company is looking forward to another good year in 2007 with targeted sales of RM610mil against last year’s RM511mil.
With five new projects lined up and a few land acquisitions in the pipeline, Mah Sing looks on track to break its previous record.  
  
Mah Sing project
The launches of Kemuning Residence, One Residence, Hijauan Residence, Sierra Perdana and The Icon this year with a total gross development value (GDV) of RM1.2bil will keep the sales register ringing.  
Mah Sing’s 566 acres of undeveloped landbank, of which 185 acres are in the Klang Valley and 381 acres in Johor Baru, has a gross development value (GDV) of RM1.8bil.
Together with unbilled sales of RM431mil as at Sept 30, 2006, the company’s total GDV of RM2.2bil will sustain earnings for the next four to five years.  
“Our land parcels are all in prime locations. In the Klang Valley, all our projects are located within an 18km prime radius of Petaling Jaya, and in Johor, they are all within the new growth corridor of the Iskandar Development Region”.  
With Malaysia’s real estate hotspots in the Klang Valley and Johor Baru, Mah Sing has certainly proven its sharp land banking skills.
Urban migration to these two hotspots, which has outstripped the national growth rate, continues to provide strong core demand for properties in these locations.  
On the corporate front, Leong said Mah Sing was embarking on an exercise to improve the company’s liquidity and make its shares more marketable on Bursa Malaysia.
The private placement of up to 10% of the company’s paid-up capital issued at a five-day weighted average market price with a discount of up to 10% will be completed later this month.
“We will also undertake a 1-for-4 rights issue and a 1-for-5 bonus issue to reward our shareholders, which will be completed by July. All the proceeds will be used for the development of our five new projects to be launched this year,” he said.

os

Monday January 22, 2007
Strong research and development team key to Mah Sing's success

An efficient business model and a strong brandname have turned Mah Sing Group Bhd into one of the rapidly rising stars in the property development circle.
<Mah Sing President and CEO of Mah Sing Datuk Leong Hoy Kum talks about Mah Sing’s plans and strategies

STARBIZ: What are Mah Sing’s plans and strategies to maintain its market competitiveness?
Datuk Leong Hoy Kum: We have a five-year view in terms of strategy - in order to be flexible to react to changing trends, market needs, as well as domestic and global economic changes. A strong research and development team is key to our strategies, which has led to our good performance in the competitive property market.
In terms of land bank acquisition, we look for prime land to replenish our land bank when projects are self-financing and to ensure earnings visibility for the next four to five years. We follow a rule of thumb: 10 to 50 acres for the high-end Legenda and Residence series, and between 300 and 500 acres for the medium high-end Perdana series. For commercial buildings, the location must be very prime as we are looking at building Grade A offices and retail commercial complexes.
Our business strategy is to have a quick turnaround of projects in multiple prime locations and launching higher value products to optimise our land’s gross development value. Having established a strong presence and branding both in the Klang Valley and Johor, we will continue to focus on the landed residential segment as we have done well over the past seven years.
We will continue to be a trendsetter by offering premier products, concepts and the right pricing to suit the demand in the respective areas. We will create, communicate and deliver value to our customers and promote novel living themes and concepts.

Mah Sing’s share price has performed quite impressively in the last few months. In your opinion, what are the main reasons for this run-up in the company’s share price?

We have been running the company well, making sure operations are efficient and reporting profits and dividends that are in line with expectations every year. Through our investor relations programme, we have been proactively conducting one-on-one meetings as well as roadshows, both in Malaysia and overseas.
It is very important to keep our investors updated by continuously informing them about our business strategies and plans.
The continued positive news flow to the public about our latest developments as well as about the good response to all our launched projects has further created strong interest in our projects as well as our shares on Bursa Malaysia. We have received awards that recognised our good performance, and these awards serve not only to encourage us but also to enhance our branding efforts. Last year for the second year running, Mah Sing was listed as one of Forbes’ Asia "Best Under US$1bil" Asian companies. And this year, we received Forbes’ "Best Share Price Performance in the Asia-Pacific region".

Where does Mah Sing want to be in terms of industry ranking and market share and how is the company positioning itself to reach its target?

My vision is to be a market leader with a strong reputation to establish new industry benchmarks for the niche and premier lifestyle products that we offer.
Over the years we’ve worked very hard to achieve this vision and I think that we have some measure of success.
With each development, we’ve grown and improved. We also continuously fine-tune our delivery process.
By benchmarking against international standards to give us a leading edge, we are also in the forefront in terms of quality designs, workmanship and innovation.
Our thorough research on market trends and continuous branding efforts have paid off as the Mah Sing brand is now a big draw for buyers who are seeking quality lifestyle homes with good themes and trendy designs within gated and guarded locations.

os

马星今天完成了第一批 70% 给非土著的 Private Placement 的定价，锁定 RM3.30。
这个定价可以暂时舒缓股价的阻力。
接下来的阻力就是 Balance 30% 给土著的　Private Placement 和附加股的定价了。
实达都已经冲破六块了,PE 也突破 15 了。（虽然还是落后 KLCI 的 18.x 的PE）
如果马星 06 Consensus 35% Growth 的 PE 可以来到 15,的话，股价有望突破 RM5.60。
可惜附加股的定价恐怕还有一段时间。
在这牛气冲天，高风险高机会的时期，时间就是金钱呀！

[ 本帖最后由 os 于 24-1-2007 11:37 PM 编辑 ]

Notti_Catherine

非常看好這股
上個星期就已經想買
可是所有的錢都已鎖在mamee 和 orient
今天的26仙上昇真的是令我懊悔

os

马星蒲种综合计划 发展总值达2.3亿 2007/01/29 18:00:57
●南洋商报


(吉隆坡29日讯)马星集团（MAHSING，8583，主板产业股)将在蒲种进行一项发展总值约2亿3千600万令吉的综合发展计划。

马星集团是通过其独资子公司－Sierra Peninsular发展有限公司与Firasat Bijak有限公司在今日签署合约。在这项合约中，马星集团将负责在位于蒲种一块64英亩的地段，进行一项综合发展计划，该公司预计将可取得2千100万令吉的回酬。

马星集团董事经理拿督梁海金说：“公司通过Legenda、Residence及Perdana三个系列的产业迎合不同需求的购屋者，主要发展中档至高档的产业。”

梁海金表示，该公司放眼于今年在巴生谷地区收购2块地段及柔佛州收购1块地段。他指出，蒲种地段的发展计划将能增强该公司的收益。同时，该公司有信心在策略性地点取得更多的地库。

他指出，随着Duta Perdana的发展计划推行后，该公司在巴生谷地区的发展计划项目将从目前的7项增加至8项，其中包括建造办公室、住宅发展计划等项目。另外，该公司在柔佛州则进行着3项的发展计划，目前，该公司共有11项的发展计划。

他说，马星集团凭着良好的声誉及过去良好的记录，该公司的房屋发展计划获得非常好的反应，每当该公司在推出新的产业发展计划后，其平均认购率达90％。

os

b]产业前景收益改善 马星集团评级调高 2007/01/31 11:07:27
●南洋商报
  
(吉隆坡30日讯)随着产业领域前景及收益取得改善的利好因素下，马星集团（MAHSING，8583，主板产业股)股项获得调高评级，同时证券行也推荐买入该股项，并调高该股合理价至4.85 令吉。

HLG证券行的研究报告指出，马星集团的进帐工程合约达4亿3千100万令吉，同时也在巴生谷地区及柔佛州，以多元化策略方式进行着11项的发展计划，因此，该证券行预计该公司在2006年至2008年，可取得21％的净利复合年成长率。

由于该证券行预计该公司近期推出Hijauan Residence Cheras及Duta Perdana将增加该公司的收益，因此，该证券行分别调高该公司在2007年及2008年的盈利预测，各别调高4％及16％。

另外，马星集团将在蒲种进行一项发展总值约2亿3千600万令吉的综合发展计划。马星集团是通过其独资子公司－Sierra Peninsular发展有限公司与Firasat Bijak有限公司在昨日签署上述合约。

马星集团表示，该公司是通过Sierra Peninsular发展进军蒲种产业市场，并将支付Firasat Bijak，作为独有发展权。

专注中高档产业

在上述合约中，马星集团将负责在位于蒲种一块64英亩的地段，进行一项综合发展计划，该公司拥有独有发展权益。

马星集团预计将在今年下半年推出上述发展计划，该计划涵盖建造半独立式房屋、花园独立式洋房（价格介于70万至90万令吉）。该证券行表示，该公司将专注于中档至高档的产业发展计划。

马星集团股价在获得上述利好因素激励下，今早跳空开市后，就一直处于上涨水平，该股在截至今日闭市以4.00令吉最高水平挂收，全日上涨10仙或2.56％，成交量达71万8千100股。