Strong upside potential seen for Mah Sing

Prospective buyers checking out a Mah Sing project. Credit Suisse says the developer

PETALING JAYA: Mah Sing Group Bhd is known for its quick turnaround business model, tending to unlock the value of its land-bank quicker with an estimated project timeline of six to eight years, said Credit Suisse Securities Research.

Credit Suisse, which has given Mah Sing an “outperform” rating with a target price of RM2.90, said this had enabled the company to achieve higher property sales relative to its landbank size.