On Song

Summary


MAH SING Group is a top pick in the property sector. The reasons?

MAH SING GROUP BHD IS ONE of the analysts' darlings in the property sector, which is said to be warming up for its next upcycle as early as 2011 or 2012. The attributing factors are extensive, ranging from Mah Sing's healthy balance sheet and steady historical dividend yield (4%-6%) to its commendable gross development value (GDV) balance and achievable sales target.

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On Song

MIDF Research has added more reasons - Mah Sing's proven `quick turnaround landbanking model' and consistent mid-teens return on equity with a five-year average of 15.7%.

Mah Sing remains one of MIDF Research's top sectoral picks also because it is still one of the few developers with expos...

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