Latest news with #MahSingGroup
Focus Malaysia
3 days ago
- Business
- Focus Malaysia
Increasing ESG adoption among local property developers a strong move towards sustainable living
PROPERTY companies in Malaysia saw higher adoption of Environment, Social and Governance (ESG) practices as a commitment to sustainability. Adoption of ESG practices bring economic benefit to the companies such as lower energy consumption, lower resource waste and reduction in operating costs. ESG adoption is also a risk management process that looks beyond financial risks, managing the risks and opportunities from changing conditions of environment, social systems and governance. Meanwhile, developers that have investment properties namely Sunway Berhad and IOI Properties introduced green lease for tenants in achieving sustainability goal. Green lease is a leasing agreement with additional clauses which tenants gain incentives by participating in water and energy conservation as well as waste reduction. Besides the profit-maximization incentives, we believe that developers also have an important mission of building quality homes for better living of people. In this context, developers use QLASSIC scores to assess the quality of their newly completed buildings and to evaluate the performance of contractors. As Malaysia is facing housing affordability issues due to supply-demand mismatch, property developers are playing an important role to increase supply of affordable home in Malaysia. Under 13th Malaysia Plan (13MP), the government aims to build one million affordable homes between 2026-2035 to enhance housing affordability and accessibility for low and middle-income Malaysians. Mah Sing Group is participating in several federal and state government housing programs such as Residensi Madani and Rumah Selangorku (RSKU). In August 2024, Mah Sing launched Residensi Suria Madani in Taman Desa which offers 800 units, each with a built-up of 800sf and priced from RM200k. Meanwhile, IOI Properties Group contributed to affordable housing development by launching 1,170 units of homes in FY24 priced within the affordability levels stipulated by the respective state governments. As property companies involved in construction projects, most of the property companies set annual target of zero work-related fatalities for both employees and contractors. Property companies enhance occupational health & safety (OSH) procedures, aiming to reduce incident risks, minimize injury rates and achieve zero fatality at project site. Some common practices under OSH are conducting monthly safety meetings and step-by-step protocol on how safety and health at project sites are managed. In conclusion, we observed that property companies under our coverage saw higher adoption of ESG practices due to growing concerns about environmental impacts, social and governance issues. It shows property companies are adopting more robust ESG practices to align with stakeholder expectations. In short, we believe that embracing ESG principles is a pathway to long-term value creation, enhancing brand reputation and support long-term financial performance. Going forward, we anticipate deeper integration of ESG principles into investment decisions and operations of property companies as we believe ESG can help property companies make sound decisions and achieve better long-term returns. —Aug 15, 2025 Main image: Propertyguru
The Star
3 days ago
- Business
- The Star
WHERE CONNECTIVITY MEETS PREMIUM LIVING
A NEW chapter opens in premium residential living among the coveted neighbourhoods of Johor Baru. Enter M Grand Minori, Mah Sing Group's latest inaugural project under its M Grand Series, which scored an impressive take-up rate of 90% for its Phase 1 tower A during its opening weekend. This isn't just another project opening – it's a testament to the shifting dynamics of Johor's real estate market and the growing demand for sophisticated, connectivity-driven developments. 'We are seeing increasing interest in homes that offer upgraded features, greater convenience, and a more premium living experience,' said Mah Sing founder and group managing director Tan Sri Leong Hoy Kum. This insight drives the M Grand Series philosophy, positioning developments like M Grand Minori to meet evolving market expectations while staying ahead of trends. As Johor cements its role as a regional hub, M Grand Minori stands ready to meet the rising demand for quality homes in Johor's fast-evolving urbanisation. See M Grand Minori come to life at Mah Sing's M Grand Minori Sales Gallery in Taman Pelangi, Johor Baru. Versatile living spaces Priced from RM390,000, this freehold mixed-use residential and commercial development spans a total of 2.42ha (5.99 acres) in the mature neighbourhood of Taman Pelangi, Johor Baru. Phase 1, featuring Tower A and Tower B, spans 1.39ha (3.44 acres) and is targeted for launch in the third quarter of 2025, with full completion expected by the third quarter of 2030. Soaring at 59 storeys high per tower, phase one houses a total of 1,733 units. They come partially furnished with air-conditioning, water heater and kitchen cabinet with hob, hood and sink, ready for move-in by Q3 2030. The units come in a variety of layouts including: > Type A (studio) – 403sq ft > Type B (one bedroom, one bathroom) – 496sq ft > Type C (dual-key with one bedroom, two bathrooms) – 624sq ft > Type D/D1 (one + one bedrooms, one bathroom) – 630sq ft > Type E (dual-key with three bedrooms, two bathrooms) - 835sq ft From the 403sq ft studios to the spacious 835sq ft units, these units have something for all walks of life – be it a young working professional who works in the city, rental investors, Singapore-bound commuters or even Singaporeans seeking a weekend or retirement home across the Causeway. The apartment's express ramp lets residents swiftly access parking spaces in the multi-level car park, eliminating the hassle of navigating through tight and cramped carpark spaces. And if you own an electric vehicle (EV), the apartment is equipped with EV charging stations so that you can recharge your car as soon as you park it. M Grand Minori elevates the premium living experience with its resident-centric services including concierge support and parcel management in both towers. The concept of 'iki-mado'– loosely translated as 'window to live' — draws from the traditional shoji, the signature Japanese sliding door with latticed screens. Simple, calm, beautiful At M Grand Minori, you'll find quiet comfort, thoughtful details in a home that makes living feel balanced and natural every day. Drawing from the Japanese concept of 'iki', each home within M Grand Minori is designed with three concepts in mind: simple, elegant and effortlessly stylish. This isn't merely aesthetic preference – it's a thoughtful response to modern urban living challenges. As living spaces evolve to become both a sanctuary and a workplace, these Japandi-inspired interiors provide the space to reclaim our leisure time in the midst of urban intensity. Such spaces also provide the space to reclaim our self-expression in its simplicity. Its sculpting skylines diffuse light into the space in gentle light, inviting an abundance of natural light into each home that fosters an airy yet luminous living environment. These green renewable energy-certified living spaces are supported by smart building features, which includes a rainwater harvesting system as well as an automated waste collection system to support smart yet sustainable living. Curated living experience A remarkable 0.769ha (1.9 acres) elevated paradise featuring up to 41 planned facilities sits within the vertical village, striking a balance between relaxation and productivity. These aren't just amenity provisions – it's community building at its finest that are thoughtfully designed and always inviting. The 35m swimming pool offers residents panoramic views of the city while the zen garden and meditation deck provide residents a tranquil break from the intensity of urban life. Fitness enthusiasts can choose between the fully-equipped gym and outdoor fitness station, or the multipurpose hall to have a go at badminton, pickleball or basketball. Young residents can also enjoy an abundance of recreational options at the apartments, including a playground, indoor playroom room and water play areas to keep them active and occupied. Residents can bond over social spaces such as karaoke room and games room, BBQ terrace and chilling lounge, as well as the dining deck, while remote workers may find delight in the co-working space. The development's commitment to inclusive living is reflected in the inclusion of a dedicated surau within the residence to address specific residents' spiritual needs. Amenities within your reach Essential services such as groceries, F&B outlets, clinics, and a dedicated childcare centre can be found on the ground floor commercial units to support a self-contained community on top of enhancing daily convenience. Its proximity to key amenities such as public and private educational institutions, healthcare institutions, leisure and retail and other recreational and civic amenities. Columbia Asia Hospital, SMK Taman Pelangi, Foon Yew High School, JB City Square, Mid Valley Southkey, Tiara Sport World, Menara MBJB, Stulang Beach, Taman Pelangi Police Station and the Johor Baru Fire and Rescue Station are all within reach for a secure, worry-free urban living. Residents can also enjoy the proximity to the Bukit Chagar RTS station that connects Johor Baru directly to Singapore's Woodlands North in under five minutes, strategically located just 3km from the station. But if you're one who relies on public transport, the residence has a dedicated shuttle service to the Johor Baru Checkpoint (CIQ) and the Bukit Chagar RTS station, offering a daily cross-border experience for its residents. With its strategic location, M Grand Minori is set to benefit from Johor's enhanced connectivity and economic growth. Legacy of achievements Since launching their first township in 2000, Mah Sing has maintained Johor as their second largest regional development after Klang Valley, with a developmental track record spanning over two decades in the state. 'With its proximity to Singapore, ongoing infrastructure enhancements, growing investor confidence and strong demand from both local and international buyers, we will continue to explore land acquisitions and new opportunities for township, industrial, M Series, and future M Grand Series developments,' said Leong. For more information, interested homebuyers can contact 07-291 3226 or visit M Grand Minori's official portal at or visit M Grand Minori Sales Gallery in Taman Pelangi, Johor Baru to explore the show unit, scale and landscape models.
Barnama
4 days ago
- Business
- Barnama
Malaysia Sees Higher ESG Adoption Among Property Companies -- MBSB Investment Bank
Malaysia Sees Higher ESG Adoption Among Property Companies -- MBSB Investment Bank KUALA LUMPUR, Aug 14 (Bernama) -- Property companies in Malaysia have increased their adoption of environmental, social and governance (ESG) practices, driven by growing concerns over such issues and reflecting their commitment to sustainability, said MBSB Investment Bank. In a research note, the investment bank stated that ESG practices have their benefits, including lower energy consumption, reduced resource waste, and lower operating costs. 'ESG adoption is also a risk management process that looks beyond financial risks and manages the risks and opportunities,' it said. Property companies are also incorporating sustainable design into their project planning by allocating a certain percentage of open green areas within developments and applying for green certifications, such as GreenRE or the Green Building Index (GBI). It said most developers are leveraging renewable energy by installing solar panels to reduce greenhouse gas emissions, incorporating rainwater harvesting systems, installing LED lighting and providing electric vehicle charging stations. Beyond profit-maximisation incentives, MBSB Investment Bank said developers also have the important mission of building quality homes to improve people's living standards. The report said developers are adopting more robust ESG practices to align with stakeholder expectations, with the FTSE4Good Bursa Malaysia Index a key benchmark for ESG ratings. It expects deeper ESG integration principles in investment decisions and operations among property companies. Mah Sing Group, Sunway Bhd, Eco World Development Group Bhd and IOI Properties Group Bhd lead in ESG adoption through sustainable design and the use of renewable energy. -- BERNAMA
The Star
03-06-2025
- Business
- The Star
Trading ideas: Alliance, LSH, LYC, 7-Eleven, RHB, Master Tec, Mah Sing, CIMB, Capital A, SKP, Yinson, Berjaya, BAT, Bintulu, Bank Islam
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Alliance Bank Malaysia Bhd received 99.9% shareholder approval at its EGM for the proposed RM600mn renounceable rights issue, priced at RM3.33 per rights share on a 2-for-17 basis. LSH Capital has proposed to acquire three land parcels along Persiaran Titiwangsa 3, KL, for RM17.4mn cash via its wholly owned unit, LSH Development. LYC Healthcare has been classified as a GN3 company after shareholders' equity fell below 25% of issued capital based on FY25 unaudited results. 7-Eleven Malaysia announced the resignation of its non-independent non-executive chairman Datuk Farhash Wafa Salvador, effective after the AGM. RHB Bank has appointed Nurjesmi Mohd Nashir as its new head of wholesale banking effective July 1, succeeding Datuk Fad'l Mohamed, who now leads Bursa Malaysia. Master TEC Group Bhd has proposed to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia, signalling its readiness to comply with the stricter regulatory framework. Mah Sing Group is seeking new partners for a 17.55-acre data centre project in Bangi after its agreement with Bridge Data Centres lapsed. A separate 35.68-acre collaboration for a 200MW data centre with BDC remains active until Oct 28. Mah Sing Group reported a 9.98% YoY rise in 1QFY25 net profit to RM66.04mn, with revenue up 16.4% YoY to RM649.69mn, driven by progressive billings. CIMB Group posted a 1.9% YoY increase in 1QFY25 net profit to RM1.97bn, supported by higher interest income and lower provisions. Capital A swung to a 1QFY25 net profit of RM689.57mn (from RM91.55mn loss a year ago), lifted by RM882.7mn earnings from its aviation segment (classified as discontinued). SKP Resources saw 4QFY25 net profit rose 60% YoY to RM30.3mn from RM18.9mn in 4QFY24, on stronger contributions from its core business. Yinson reported FY25 net profit of RM1.25bn, up 66.1% YoY, after reassessing tax treatment for its Netherlands offshore ops. Berjaya Corp remained in the red for the fourth straight quarter with a 3QFY25 net loss of RM92.34mn, versus a RM689.92mn profit in 3QFY24. BAT Malaysia reported a weaker 1Q25 net profit of RM23.3mn, down from RM29.9mn YoY, on the back of lower revenue of RM321.9mn (-21.9% YoY). Bintulu Port posted a 36% YoY drop in 1QFY25 net profit to RM28.4mn due to lower port activity and higher admin expenses. Revenue declined 3.3% YoY to RM201.7mn. Bank Islam reported a 3% YoY decline in 1QFY25 net profit to RM126.27mn due to higher provisions and overheads. Impairment allowances surged 89% YoY to RM79.78mn.
Yahoo
01-06-2025
- Business
- Yahoo
Mah Sing Group Berhad (KLSE:MAHSING) Shares Could Be 34% Above Their Intrinsic Value Estimate
The projected fair value for Mah Sing Group Berhad is RM0.76 based on 2 Stage Free Cash Flow to Equity Current share price of RM1.02 suggests Mah Sing Group Berhad is potentially 34% overvalued The RM2.09 analyst price target for MAHSING is 174% more than our estimate of fair value Does the June share price for Mah Sing Group Berhad (KLSE:MAHSING) reflect what it's really worth? Today, we will estimate the stock's intrinsic value by estimating the company's future cash flows and discounting them to their present value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine. Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. If you still have some burning questions about this type of valuation, take a look at the Simply Wall St analysis model. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (MYR, Millions) -RM30.3m RM158.7m RM270.0m RM241.2m RM225.8m RM218.1m RM215.4m RM215.8m RM218.4m RM222.7m Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x1 Est @ -10.68% Est @ -6.39% Est @ -3.38% Est @ -1.27% Est @ 0.20% Est @ 1.23% Est @ 1.95% Present Value (MYR, Millions) Discounted @ 12% -RM27.1 RM127 RM193 RM154 RM129 RM112 RM98.5 RM88.3 RM79.9 RM72.9 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = RM1.0b We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 3.6%. We discount the terminal cash flows to today's value at a cost of equity of 12%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = RM223m× (1 + 3.6%) ÷ (12%– 3.6%) = RM2.8b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= RM2.8b÷ ( 1 + 12%)10= RM923m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is RM2.0b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of RM1.0, the company appears reasonably expensive at the time of writing. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Mah Sing Group Berhad as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 12%, which is based on a levered beta of 1.379. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. View our latest analysis for Mah Sing Group Berhad Strength Debt is not viewed as a risk. Dividends are covered by earnings and cash flows. Weakness Earnings growth over the past year underperformed the Real Estate industry. Dividend is low compared to the top 25% of dividend payers in the Real Estate market. Opportunity Annual earnings are forecast to grow faster than the Malaysian market. Good value based on P/E ratio compared to estimated Fair P/E ratio. Threat Revenue is forecast to grow slower than 20% per year. Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won't be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. Can we work out why the company is trading at a premium to intrinsic value? For Mah Sing Group Berhad, there are three further elements you should look at: Risks: As an example, we've found 1 warning sign for Mah Sing Group Berhad that you need to consider before investing here. Future Earnings: How does MAHSING's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. Simply Wall St updates its DCF calculation for every Malaysian stock every day, so if you want to find the intrinsic value of any other stock just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
