Property segment still Mah Sing’s growth anchor

Its property development business continues to thrive well, TA said.This is supported by the government-initiated nationwide Home Ownership Campaign and Mah Sing’s in-house marketing programmes and the group’s property sales performance has been encouraging.

PETALING JAYA: Mah Sing Group Bhd’s glove manufacturing may fall short of expectations but its core business of property development will continue to drive earnings.

This is because the tide has shifted against Mah Sing’s new venture into the gloves manufacturing business as declining average selling price (ASP) and the softening demand may weigh on near-term performance in the months ahead.