,Telegram群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
KUALA LUMPUR: Mah Sing Group Bhd’s acquisition of 6.938 acres of freehold land in Tebrau, Johor Baru, for RM39.29mil will help sustain its property earnings over the medium term, according to AmInvestment Bank Research.
“Overall, we are positive on the acquisition as it will help sustain Mah Sing’s property earnings over the medium term,” AmInvestment said.
The research house said the acquisition price of RM39.3mil (RM130 psf) implied a cost-to-GDV (gross development value) ratio of 8.4%, which is lower than its average land cost-to-GDV ratio of 12%–15% for its overall projects.
“While there were not many identical transactions within the area recently, the asking price for commercial lands surrounding the neighbourhood with similar land size (5.2 to 6.5 acres) ranges from RM120 psf to RM150 psf. Hence, we deem the acquisition price as fair,” AmInvestment said.
Mah Sing has proposed to develop a mixed project that will have an estimated GDV of about RM469mil.
The proposed mixed project, M Minori, will comprise three blocks of serviced suites with 1-bedroom, 2-bedroom and 3-bedroom units, with indicative build-outs ranging from 550 sq ft to 880 sq ft, with indicative prices starting from RM260,000.
“While maintaining our FY22F numbers, we raise FY23F–24F core net profit by 3%–6% to factor in the earnings contribution from the new project, M Minori.
“We maintain ‘buy’ on Mah Sing with a higher SOP-based fair value of RM0.87/share from RM0.85/share, which incorporates a neutral 3-star ESG rating,” AmInvestment said.
转载说明:本文转载自Sunbet。 Allbet Gaming声明:该文看法仅代表作者自己，与本平台无关。转载请注明：Telegram群组（www.tg888.vip）_AmInvestment positive on Mah Sing land acquisition【】（）