Mah Sing sales target on track

Mah Sing started all 12 glove production lines in December last year. TA Research noted that although the company had obtained the required certification for medical-grade glove sales to the United States, Canada, the European Union, and the eurozone, it understands that “sales volume achieved to date has been negligible”.

PETALING JAYA: Mah Sing Group Bhd is on track to achieve its sales target of RM2bil going by first quarter (1Q) sales, which have already accounted for 23% of the group’s financial year 2022 (FY22) sales target.

“1Q22 new property sales were higher at RM450mil versus RM400mil in 1Q21, making up 23% of its FY22F sales target of RM2bil. We gathered that the group has secured RM873mil bookings in the pipeline as of May 29,” CGS-CIMB Research said in a report on the property group’s 1Q22 results.