Mah Sing liked for quick ‘turnaround’ strategy

PETALING JAYA: Property group Mah Sing Group Bhd’s fast “turnaround” strategy coupled with expectations that its financial year ended Dec 31,2020 (FY20) will be a “bottomed” year are two factors that it has going for it, according to one research house.

In a report to clients, Hong Leong Investment Bank analyst Ng Jun Sheng said he liked Mah Sing due to its “fast turnaround” strategy that enables it to crystalise on land value, generate strong cash flows within a short period and generate lower upfront costs.