Property investment does not need to be just buying a property yeah. It can also be buying the property developer’s shares from the stock market too. Today, we have an analyst covering a property developer in a local media. This is Mah Sing, the developer with a GDV of RM24.9 billion and 837 hectares of landbank.
Anyway, I do not have shares in Mah Sing Bhd yeah. If you like what the analysts say, then you can find out more and then can decide if it’s worth buying the stocks. Below image is as per google search on 8th August 2021.
Briefly, if you buy at current price, you get a company where the highest price the counter went up to within the past 12 months was RM1.47 and gives you a dividend yield of 2.06%. Briefly, this is slightly higher than FD rate but at the same time, there’s that potential share price increase too. Just need to know it can go either way.
Article in nst.com.my Mah Sing Group Bhd has a total remaining gross development value (GDV) of RM24.9 billion sitting on 837 hectares of the land bank across the country. Mah Sing is targeting new property sales of RM1.6 billion for the financial year 2021 (FY21) with at least eight new launches. Over 90 per cent of the new launches are priced below RM700,000, and 51 per cent below RM500,000.
Rakuten Trade has a “BUY” call on Mah Sing with a target price of RM1.37 based on sum-of-parts valuations, implying price-to-earnings ratio of 21.4x and 13.9x for FY21 and FY22 respectively. The firm said, “Our BUY recommendation is premised on strong sales achieved in the past few quarters, additional contribution from its glove manufacturing business, and attractive dividend yields.” Please do read more about what the analyst say here: Article in nst.com.my
Happy deciding yeah.
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