No big impact from high building material prices

PETALING JAYA: A rise in building material prices is unlikely to have a significant impact on Mah Sing Bhd’s profitability as it has already locked in construction costs for ongoing projects, and is likely to raise house prices for new projects.

AmInvestment Bank Research expects that Mah Sing to increase house prices to preserve its profit before tax margins of 18% for its affordable housing projects.

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