Mah Sing’s affordable housing project boost

RHB Investment Bank in a report yesterday said it was raising Mah Sing’s 2022 earnings marginally by about 1% to account for the incremental profits from M Senyum, the proposed affordable housing project that will be developed on the newly acquired land.

PETALING JAYA: Mah Sing Group Bhd’s acquisition of a 100-acre piece of land in Sepang is set to boost the developer’s near-term sales performance and will have a limited impact on its balance sheet.

RHB Investment Bank in a report yesterday said it was raising Mah Sing’s 2022 earnings marginally by about 1% to account for the incremental profits from M Senyum, the proposed affordable housing project that will be developed on the newly acquired land.