Advertisements

Top property stock pick, right pricing and exposure

I have 1,300 units of Mah Sing’s stocks, I think for the past 11 months. Not typo, it’s just 1,300 units. At current price, this is only worth RM1,846. My aim is nothing more than just earning some dividends or if the price appreciated over 25%, will sell and go for a good family dinner. It’s also to ensure I get a copy of their financial result on a timely manner. Yes, this is one counter which I believe is worth buying and holding. One famous bank research house just validated my purchase. Macquarie Research picked Mah Sing as its top pick for the Malaysian property market.

The reason for this ranking is because Mah Sing has managed to place itself in the affordable segments and is currently hugely exposed in the Central region. This has given it good support from buyers, especially in the central region. Macquarie Research said, “We think, going forward, the affordable segment with a pricing point of around RM500,000 per unit will continue to drive the sales numbers for property developers.”

Nevertheless, it believes developers with high-end segment offerings are not going to do well because of the slump in oil prices. Main reason is because they believed that the high-end segment buyers used to be the oil and gas players, both expats and the locals. With layoffs and even expatriates being sent back to their base countries, this segment would have less potential buyers. It said that some developers may still do well. For example, Eco World Development Group Bhd which has lots of loyal followers of its chairman, Tan Sri Liew Kee Sin.

investorMah Sing’s shares closed at RM1.42 today. (18th Dec 2015). As per http://klse.i3investor.com/ a famous stock related website I visit on and off, there are some potential for this stock. Take a look at the image. Do note that the property market is still slow at this moment and buying property stocks now may require some patience unless there are some huge corporate exercises or the property developer suddenly report an amazing profit. Happy investing.

written on 18 Dec 2015

Next suggested article:

Advertisements

kopiandproperty.com

kopiandproperty.com is everything about property related writings and news. Enjoy reading with a latte.

Related Posts

Important sign for the property market too; BANKS’ results

When banks are earning higher profits, that’s good for all industries, right? Basic idea, yes. This is because in a bad economy, businesses will not be borrowing too much for expansion. Banks will also be really selective as they do not want their Non-Performing Loans (NPLs) to go up because there will be some borrowers […]

Read More

Crest Builder: Higher sales, higher profits (good sign for industry)

If we ask our real estate negotiator friends, nearly all would tell us that it’s harder to sell to prospective buyers these days. So, is the property market in trouble? Asking the first-time home buyer or even the ones who are still waiting to buy may not yield the best answer. It’s better to look […]

Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Property investment news everyday? Subscribe for free!

An article a day, keeps you updated all the way.

Join 904 other subscribers

LIKE us for property news update, FREE.

%d bloggers like this: