【MAHSING 8583 交流专区】马星集团

scsiang82

Mah Sing mulls RM1b Vietnam venture
Published: 2008/08/06


# The Malaysian developer is looking to expand across Asia to almost triple sales within five years to as much as RM1.5 billion

# An analyst says it’s a good diversification strategy, while another says it’s very bold and a bit too optimistic

MAH Sing Group Bhd, a Malaysian developer, is considering a Vietnam venture valued at more than RM1 billion (US$310 million) for its first step overseas, as a faltering home economy slows the company’s sales.

“You need to diversify your earnings stream by going overseas,” group managing director Leong Hoy Kum, 50, said in an interview in Kuala Lumpur yesterday. “We can’t depend only on Malaysia for our growth. The foreign market is a must.”

Mah Sing, which cut this year’s revenue forecast by half because of rising building costs and Malaysia’s slowing economy, is looking to expand across Asia to almost triple sales within five years to as much as RM1.5 billion. Its stock has tumbled 25 per cent this year, faster than the benchmark Kuala Lumpur Composite Index’s 22 per cent slide.

“It’s very bold and a bit too optimistic,” said Fatimah Zahra Fadzil, an analyst at Inter-Pacific Capital Sdn. who has a “neutral” rating on Mah Sing stock. “These are volatile markets. It’ll be very difficult to achieve that target.”

Malaysia’s economy is stumbling as higher fuel prices weigh on consumer spending, Second Finance Minister Tan Sri Nor Mohamed Yakcop said August. 4. A 41 per cent increase in gasoline prices to trim fuel subsidies in June pushed inflation to a 26-year high, leaving Malaysians with less to spend.

Mah Sing is exploring India, China and Indonesia, Leong said. Overseas sales will account for 20 to 30 per cent of the group’s total in the next five years, he said. The company is seeking revenue growth of 20 per cent each year, he said.

“If Malaysia is on a weaker growth path, then the other Asian countries could beef up” its earnings, said Ong Chee Ting, an analyst at Aseambankers Malaysia Bhd. “It’s a good diversification strategy, it could possibly bring it close to its RM1.5 billion target.”

‘Overheating’ Opportunity

Vietnam is Mah Sing’s priority as the “overheating” in its economy provides chances to buy land more cheaply, Leong said.

“We won’t simply venture into a country without a good reason,” the Mah Sing CEO said.

The company is examining a joint-venture to build homes on 300 to 500 acres of land in Ho Chi Minh City, he said. It may later build offices at a separate location there.

Vietnam’s “long-term growth story looks quite decent, looking at the very young population and the housing requirements,” said Aseambankers’ Ong. “The overheating could slow the pace of development for the next two years or so.”

Malaysian Plan

Ong recommends buying Mah Sing, estimating its shares will rise to RM1.74 from RM1.44. The stock has slid 23 per cent since he started coverage with a “buy” rating, according to data compiled by Bloomberg. He has a “hold” recommendation on SP Setia Bhd, Malaysia’s largest property group, expecting its shares will decline to RM3 from RM3.14.

Mah Sing is rated a “buy” by nine of thirteen analysts who cover the stock and SP Setia has a similar recommendation from 10 of 24 analysts, according to Bloomberg data.

At home, Mah Sing plans to buy land that will generate gross development value of at least RM600 million each year, Leong said.

He wants to bolster Mah Sing’s market value within five years to RM5 billion, which is more than SP Setia’s current worth of RM3.2 billion.

“If you don’t have a dream or vision, there’s no direction for my group to move forward,” he said. “It’s a management objective.” - Bloomberg

http://www.btimes.com.my/Current_News/BTIMES/Wednesday/Latest/20080806074534/Article/index_html

jackphang

擬發展越南10億產業計劃‧馬星放眼5年營收達15億   大馬財經  2008-08-06 18:22


（吉隆坡）國內經濟衰退，導致產業業務放緩，馬星集團（MAHSING,8583,主板產業組）正考慮進軍越南，發展價值超過10億令吉的產業計劃，作為海外業務拓展的第一步，同時此公司也探討進軍中國、印度和印尼等其他亞洲市場。

首個海外發展計劃

馬星集團董事經理兼首席執行員拿督斯里梁海金在接受《彭博社》專訪時指出：“越南會是公司首個海外發展計劃，透過海外投資，可以多元化收入來源，我們不能只靠大馬市場來推動業務，進軍海外市場已成為必要的步伐。”

由於建築成本上升，以及大馬經濟成長放緩，馬星集團預測今年營收減半，此公司正探討擴展業務至亞洲市場，以便在5年內讓銷售額增加3倍，達到15億令吉。

今年至今，此公司股價已滑落25%，超越馬股綜合指數的22%跌幅。此股今日（週三，6日）閉市掛1令吉46仙，揚2仙。

分析員：此時進軍越南
過於樂觀大膽

英特太平洋資本分析員花蒂瑪說：“選擇這時候進軍越南未免過於樂觀及有些大膽。亞洲是波幅較大的市場，不容易達到15億營收目標。”

大馬經濟在高油價打擊消費者開銷的情況下趨緩，汽油價格上調41%，將通貨膨脹推至7.7%的27年高水平，讓大馬人的可供消費收入減少。

馬星集團過去5年的營收3級跳，在2007年達5億7340萬令吉，去年的淨利達8100萬令吉，比較2002年為530萬令吉。

探討進軍中印市場

梁海金說，馬星正探討進軍印度、中國及印尼市場，在接下來的5年，海外市場將佔集團銷售額的20%至30%，公司正尋求每年營業額可取得20%成長率。

越南“過熱”提供低價進場機會

亞歐美研究說：“假如大馬市場的業務比較疲弱，亞洲國家其他市場可以起互補作用。這是個不錯的多元化政策，而且可能讓公司達到15億令吉的目標。”

梁海金指出，越南是該公司首選的市場，該國經濟“過熱”提供了以低價購買土地的機會。“我們不會隨意，或沒有原因進軍一個國家的市場。”

他說，公司正探討通過聯營，在胡志明市一塊300至500英畝的土地上興建房屋，而且可能較後在另一個地點興建辦公大廈。

越南政府於7月21日調高汽油的零售價31%和火水44%，以減輕政府津貼的負擔，消費者價格在7月增長27%，這是1992年來最高通膨率。

越南長期成長展望保持樂觀

亞歐美說：“以越南年輕的人口，以及他們對房屋需求的趨勢來看，越南長期成長展望保持樂觀，惟經濟成長過熱可能導致接下來2年的發展步伐放緩。”建議“買進”馬星集團的股票，對另一家在越南有龐大發展的產業公司實達（SPSETIA,8664,主板產業組）的建議是“持有”。

根據《彭博社》的數據，13名研究馬星集團的分析員，9名建議“買進”，至於研究實達的24名分析員，有10名建議“買進”。

擬增購大馬土地

除了海外發展大計，馬星集團計劃在大馬增加購買土地，預期這些土地每年至少有6億令吉的發展總值。

梁海金說，他的目標是馬星集團在未來5年內的市值將提高至50億令吉，超越實達目前的32億令吉高，實達目前是馬股最大產業公司。

他說：“如果你沒有夢想或願景，集團將沒有前進的方針，這是管理層的目標。”

scsiang82

抵銷本地銷售下滑衝擊　馬星集團擬進軍海外

2008年8月7日
　  
（吉隆坡6日訊）由于大馬經濟放緩，加上消費者情緒走疲，導致本地產業銷售下滑，馬星集團（MAHSING，8583，主板產業股）正考慮將業務擴展到海外地區，尤其是越南市場。

馬星集團董事經理拿督梁海金在接受《彭博社》專訪時表示，該公司必須通過擴展海外的方式，來多元化其盈利來源。同時，他表示，該集團不能夠單依賴大馬作為成長的動力來源，進軍海外市場是必要的策略。

因為建築成本提高，加上大馬的經濟成長放緩，馬星集團將其今年營業額預測減半，同時，計劃將公司的腳步擴張到亞洲地區。同時，它計劃在5年內將其銷售擴增到15億令吉。

無論如何，英特太平洋資本分析員法蒂瑪認為，馬星集團的目標非常大膽，而且稍嫌過于樂觀。她表示，由于目前市場非常不穩定，因此，該集團的目標不容易達到。

在過去5年中，馬星集團包括塑膠子公司的總銷售呈現三級跳，在2007年達到5億7340萬令吉的水平。

梁海金指出，馬星集團也在印度、中國及印尼尋求機會。他們希望在未來5年，海外地區的銷售能夠達到集團總銷售的20到30%。他透露，馬星尋求每年20%的營業額成長。

另一名來自亞歐美投行的分析員王治亭（音譯）表示，如果大馬的成長持續疲軟，那么來自其他亞洲國家的營運，將能夠支撐馬星集團的盈利表現。同時，她認為這是很好的多元化策略，而且能夠讓其朝15億令吉目標更進一步。

梁海金指出，越南是該公司最主要的目標，這是因為越南近期經濟受到挫折的情況，能夠讓他們以更便宜的價格購買土地。

「我們不會貿貿然進軍一個國家。」

他表示，目前馬星集團正在研究胡志明市300到500英畝土地的建屋計劃。同時，該公司也可能在另一地點建造辦公樓。

在大馬地區的營運方面，梁氏表示，馬星集團計劃購買土地，以便能夠每一年「製造」至少6億令吉的總發展價值。

同時，他計劃在5年內，將馬星集團的市值提高到50億令吉。

http://www2.orientaldaily.com.my/press.php?TASK=news&TYPE=LBZ&NEWS=27zh0Tdd0nWR87G50Q5e8yfj0R8a72rB

988fulot10

大公司都去越南投资，，如果在大马真的是越来越难找吃，，，

jackphang

还有在印度、中国、东马的投资。我比较喜欢有野心的管理层。

King28

J 兄是马星的股东？

jackphang

从2005年开始吧。也是我在佳礼学到最多东西的时候。

花脸

Mahsing在槟城的Southbay碰到了大问题。以前在apa pun boleh bincang的国阵政府下，这种问题应该不大，先在槟城是rocket land，不是有钱就可以解决，股东们要有心理准备。

scsiang82

马星集团　拟重塑产业品牌
二零零八年九月十日 晚上七时十六分


（吉隆坡10日讯）产业发展商马星集团有限公司（MAHSING，8583，主板产业组）旗下成员马星产业私人有限公司，正评估把其于蕉赖One Residence计划列入其高档Lagenda品牌的可能性。

其首席营运员黄兴沛称：“Lagenda品牌是我们旗下最独特品牌，产业价格从150万令吉起跳。我们的良好品质产业获得有兴趣买家的强烈回应。”他指出：“我们还没有决定这项计划的价格，因其他因素如客户需求和发展成本尚在考虑中。但我们相信从事高档产业将符合我们短期回馈期的商业策略。”

他表示，预定在2009上半年推介的One Residence，将包含20至25个独特别墅，建筑面积各5000至6000平方尺，位于马星产业Hijauan Residence毗邻。

他相信，这项产业将是目前最佳投资选择，及提供通货膨胀的最佳障碍，及协助保留财富，因产业价格将在经济滑落的初期放缓后趋高。

他说：“Hujauan Residence第1阶段将是最好的例子，其价格在完成之前已经升值了10至15%。”

该集团现拥有14项进行中住宅与商业计划，剩余毛发展值29亿8000万令吉。

它们包括占地82英亩，毛发展值13亿令吉的槟城南湾计划，以及柔佛总值1亿8000万令吉Sri Pulai Perdana 2。

截至2008年3月31日止其未记帐销售达10亿令吉，相等于约40亿令吉毛发展值总额，并可确保该集团未来7年的收益来源。

据黄兴沛称，该公司也已进军商业发展，着手敦拉萨镇The Icon和满家乐The Icon、新街场Southgate以及南湾城（南湾计划商业部份，包含酒店、办公室和零售广场）。

他指出：“我们的所有商业计划都已获得鼓舞反应，The Icon已创下数项成功个案，同时也有数个海外团体有意购入Southgate5座商业广场中的2座。”

http://www.kwongwah.com.my/news/2008/09/10/95.html

jackphang

本来想在1.20买进一些，不过错过了。

马星最近赢得了一些奖项，我觉得他的名声越来越高，以后的bargaining power就会越来越高。

http://www.mahsing.com.my/news_read.php?recID=182

scsiang82

Residential market continues to face challenges
By Sharen Kaur Published: 2008/09/22


While the outlook is challenging, residential projects by branded developers, especially for landed properties, are still doing well, says Mah Sing managing director


THE market for residential properties has softened since the beginning of this year and is likely to continue into 2009, market experts say.

The potentially negative influence on the sector is supply, said real estate valuer Regroup Associates Sdn Bhd executive chairman Christopher Boyd.

In a recent survey undertaken by Regroup, it showed that there is an existing supply of 19,183 condominium units in Kuala Lumpur, with 13,902 units more under construction.

The new projects launched were Gaya Bangsar, Twins @ Damansara Heights, Regalia @ Sultan Ismail, 9Madge, NorthShore Gardens, Sunway Vivaldi and Panorama in the City Centre and Mont Kiara/Sri Hartamas.



The average occupancy rate for established condominiums in the city centre, Ampang Hilir, Mont Kiara, Bangsar, Kenny Hills and Damansara Heights was about 80 to 85 per cent.

"Strong upmarket areas such as Damansara and Kenny Hills have limited new supply as approval for high-rise condominiums in these areas is seldom given by the planning authorities. Investors should look for quality projects here as they are extremely lettable," Boyd told Business Times.

Boyd also said there will be a gradual appreciation of values in properties in Kuala Lumpur, spurred by a higher level of inflation, and because developers will not be able to restrain prices as production cost is rising.

Demand from foreign investors will also increase in years to come, he added.

"We have seen buyers this year from South Korea, Singapore, Hong Kong and the Middle East. While a liberal policy on foreign ownership brings a far wider market to our doorstep and encourages more and better quality development to meet international standards, it exposes the development industry to changes in the global market sentiment," Boyd said.

For IJM Land Bhd managing director Datuk Soam Heng Choon, he believes that the outlook for the residential market remains strong.

"If buyers like a product in a certain location, they will go for it. Demand for landed properties is still better than high-rise condominiums," he said.

He said medium- to high-end properties priced from RM400,000 still have a strong market going, but sales of houses below RM400,000 are affected as buyers with a household income of less then RM5,000 hold back on buying.

Mah Sing Group Bhd managing director and chief executive Datuk Seri Leong Hoy Kum said while the outlook is challenging, residential projects by branded developers, especially for landed properties, are still doing well.

Leong said investors looking for capital appreciation and buy-to-stay would generally look at landed residential properties as condominiums are more for rental yield.

"There are still transactions, albeit at a lower pace, as the medium- to high-end segment has a pool of buyers who are more resilient to inflation," he said.

There are also foreign buyers who are still picking up the units, although not in the quantum of about a year ago.

He said the mid- to high-end residential projects are more resilient to inflation and weak sentiments, and are seeing better sales.

http://www.btimes.com.my/Current_News/BTIMES/Industries/Property/PROP22.xml/Article/

scsiang82

Mah Sing is 'Top Developer Overall'
Published: 2008/09/22


PROPERTY developer Mah Sing Group Bhd has swept three awards out of seven categories at the Euromoney Liquid Real Estate Awards 2008, including the highest honour of "Top Developer Overall Malaysia".

The other two awards were "Best Office/Business Developer Malaysia" and "Best Mixed-Use Developer Malaysia".

Currently in its fourth year, the awards cover developers, lenders, advisory firms, investment banks, investment managers and property management firms from more than 50 countries, across a variety of regional categories.

The organiser, Euromoney Liquid Real Estate, is a leading publication focused on international real estate financial markets.

The Top Developer Award is the single most important category in the developers' award and honours only one developer in each country. Mah Sing Group is recognised as the nation's major builder of quality luxury homes and forward-thinking business/commercial developer.

Mah Sing currently has 14 projects in the Klang Valley, Johor Baru and Penang. The group's platter of luxurious, quality ho-mes and prime commercial projects is focused on the medium- to high-end property segments in Malaysia.

The Euromoney Liquid Real Estate Award is based on surveys and assessments of real estate's sector performance and achievements over the past 12 months, and the winning companies are selected through an annual real estate awards poll organised by Euromoney magazine's research team.

Target respondents include real estate developers, advisers, financial institutions, investors and the end-users.

The official award presentation will be held at a gala dinner in London on October 2.

http://www.btimes.com.my/Current_News/BTIMES/Industries/Property/mah18.xml/Article/

scsiang82

Monday September 29, 2008
Mah Sing to start first overseas project within two years


KUALA LUMPUR: Mah Sing Group Bhd expects its first overseas property project to start in the next year or two, group managing director Datuk Sri Leong Hoy Kum said.

Noting that the current tough economic period was an opportunity for the group, Leong said it was a good time for Mah Sing to do proper planning and explore countries like Vietnam, China, India and Indonesia.

With Vietnam’s market expected to recover in a year or two, Leong said Mah Sing was looking at both residential and commercial project development there.

“We are exploring. So once we decide on the right project, we may start in one or two years’ time,” he said on Saturday at the groundbreaking for Southgate Commercial Centre.

Southgate, Mah Sing’s third commercial development in Kuala Lumpur, is expected to be completed in 2011.

Leong said the company was in talks with several foreign parties on an en bloc sale of two of the five building blocks at Southgate. The interested parties include those from the Middle East, Singapore and South Korea. The group hopes to finalise negotiations by the year’s end.

Leong said the Southgate project was in a prime location with good accessibility and provided long-term investment opportunity for investors.

Meanwhile, the Southbay City project in Penang, which has a gross development value of RM911mil, is awaiting the final stage of approval and is expected to be launched by year’s end or early next year. — Bernama

http://biz.thestar.com.my/news/story.asp?file=/2008/9/29/business/2141836&sec=business

scsiang82

Mah Sing eyes more commercial developments in Sg Besi
By Jeeva Arulampalam Published: 2008/09/29


While the property developer wants to increase its landbank in Sungai Besi, it is not in a hurry to make a purchase

PROPERTY developer Mah Sing Group Bhd is keen to do more commercial developments in Sungai Besi, Kuala Lumpur, as the location is the latest commercial hub, says its top official.

Business Times was made to understand that there was still commercial industrial land in the vicinity that could be used for development although the total hectarage was not known.

"If the opportunity permits, we are definitely thinking of developing this area, riding on our branding and track record to expand further," group managing director and group chief executive Datuk Seri Leong Hoy Kum told reporters after the groundbreaking ceremony for Mah Sing's Southgate development, located along Jalan Sungai Besi, on Saturday.

While Mah Sing wants to increase its landbank in Sungai Besi, the developer is not in a hurry to make a purchase.

"Whatever land we buy, we want to ensure we look out for shareholder value and the market must be able to absorb the demand," Leong said.

On Southgate, en bloc sales for its Apex Block and Corporate Building are expected to be finalised by the year-end.

"We have interest from private investors and also equity funds because there are very few freehold land (areas) in Kuala Lumpur to buy," deputy chief operating officer Andy Chua said.

Interested parties include those from the Middle East, Singapore and South Korea.

The three remaining blocks of Southgate - Vox, Vivo and Verve - offer office suites and retail lots.

More than 80 per cent of Vivo has been taken up, while Vox and Verve are seeing about 50 per cent take-up each.

Chua said the rental yield was estimated to be eight per cent, but added that he expected it to increase because of growing demand for good freehold office space in Kuala Lumpur and the insufficient supply.

"Also, with construction cost going up, there will be good potential for capital appreciation in future," he said.

On Mah Sing's performance, Leong said it was on track to hitting its RM560 million sales target for the year.

"Having locked in unbilled sales of RM1 billion and another RM3 billion gross development value (on remaining projects), this can last us for the next five years even without our acquiring new land," he said.



http://www.btimes.com.my/Current_News/BTIMES/Monday/Frontpage/jms27.xml/Article/

scsiang82

Mah Sing plans overseas venture by 2010
Published: 2008/09/28


The economy in Vietnam should recover in a year or so, as such it is looking at residential and commercial developments there, says Mah Sing group chief executive

PROPERTY developer Mah Sing Group Bhd will begin its first international project within two years, says its top official.

Although overall, Asian economies have slowed, Mah Sing said it was the best time for the developer to plan and explore markets such as Vietnam, China, India and Indonesia.

"Once we find the right project, we may start in one or two years. The economy in Vietnam should recover in a year or so. Therefore, we are looking at residential and commercial developments in Vietnam," Mah Sing group managing director and group chief executive Datuk Seri Leong Hoy Kum said.

Business Times had previously reported that the developer was looking at a RM1 billion township project with a local partner in Vietnam.

Leong did not rule out the possibility of carrying out industrial developments as well.

"We can even put up an industrial park in Indonesia. But we are market-driven and will cater for what the market needs," he said.

http://www.btimes.com.my/Current_News/BTIMES/Monday/Frontpage/jms1.xml/Article/

ThermoFisher

馬星集團獲歐銀3獎

（吉隆坡29日訊）馬星集團（MAHSING，8583，主板產業）在英國財經雜誌《歐銀》（Euromoney）“2008 Liquid Real Estate”頒獎典禮上連掃3獎，並奪得“大馬最佳房屋發展商”大獎。

看好越中印

馬星集團發表文告指出，除了大獎，公司也被選為國內“最佳商業房地產發展商”及“最佳綜合型房地產發展商”。

馬星集團董事經理拿督斯里梁海金在文告中指出，此獎項是根據全球同行業者作為評審標準，因此獲獎證實公司實力。

此外，報導指出，馬星集團計劃2年內進軍首個海外市場。

儘管亞洲經濟發展放緩，惟馬星集團認為，目前是發展商計劃及開拓海外市場如越南、中國、印度及印尼的好時機。

梁海金說：“越南經濟料在1年內轉好，屆時馬星集團將在當地發展綜合房地產，一旦鎖定合適的發展計劃，將在1至2年內開始發展。”

另一方面，馬星集團計劃在吉隆坡新街場開發更多商業房地產。

scsiang82

Mah Sing: New launches to proceed as planned
By Sharen Kaur Published: 2008/10/06


Mah Sing Properties chief operating officer believes the market will improve as oil and steel prices appear to be falling

DEVELOPER Mah Sing Group Bhd is taking a bold step in launching new medium to high-end houses and a commercial development worth over RM1.3 billion by 2010.

It currently has 10 ongoing projects in Kuala Lumpur, Penang and Johor on its plate, which will keep it busy for the next five years.

Mah Sing Properties Sdn Bhd chief operating officer Ng Heng Phai believes the market will improve as oil and steel prices appear to be falling.

The global oil price has fallen to about US$92 (RM320) per barrel from US$120 (RM418) more than a month ago while steel is doing RM3,600 per tonne from RM4,100 per tonne some four months earlier.



From now till the end of 2010, Mah Sing will launch four projects - three residential and one commercial. They are Legenda @ Southbay featuring three and four storey resort bungalows and Southbay City, a commercial development, both in Penang; One Residence in Cheras comprising triple-storey bungalows; and Sri Pulai Perdana 2 township in Johor.

"We will go with the launch as they were pre-planned earlier. It will be profitable as we have taken mitigating measures to overcome rising cost of construction," Ng told Business Times.

He said the gross development value (GDV) from the projects will be realised over five to seven years.

"Southbay City, which will command a GDV of RM911 million and located in Batu Maung, will be an exciting project as it will feature two hotels, serviced apartments, shop offices and retails. We target to launch it at the end of 2009," Ng said.

He said Mah Sing will also continue to launch new phases within its 10 developments.

As at June 30 2008, it had a landbank of 232.5ha which will yield a GDV of RM2.9 billion, derived from the new and existing projects.

http://www.btimes.com.my/Current_News/BTIMES/Industries/Property/MSIN-2.xml/Article/

sato28

谁有 Mahsing的技术分析？

MostWanted

为什么有人在1.53这个价位一直顶着????

傻人最有傻福

产业领域长期正面

此外，大马房地产业能获得的正面效应还包括：

一、商业大楼的素质及种类获改善；

二、交易活动能带动资本增值；

三、房地产管理服务提升，将带来更高的租赁率。

分析员解释，外资一般注入具休闲概念的高档产品，但我国位于金三角区的“A”级产品，却还未达国际标准；放宽条例将刺激需求及租赁回酬，这有助改善素质。

分析员说，吉隆坡黄金地段的租用回酬平均为8％至9％，新加坡及香港为2％至4％，这意味我国有更高的资本增值潜能。

“因此，若政府放松外资房地产拥有权，料外资将大批涌入，这能抵消资金流出的问题，并减缓经济因出口销量减低而面对的冲击。”

该行建议买入拥有商业发展的房地产公司，包括：城中城产业（KLCCP，5089，主板产业股）、实达建筑（SPSetia，8664，主板产业股）、马星集团（MAHSING，8583，主板产业股）、依恩奥（E&O，3417，主板产业股）及汇华（Hunza，7029，二板消费产品股）。