Mah Sing on track to meet sales target with new launches

AmBank Research says Mah Sing has secured new sales of RM1.7bil (up 32%), attaining 85% of its 2022 sales target of RM2bil and this was the highest quarterly sales recorded since 2017.

PETALING JAYA: Mah Sing Group Bhd is on track to achieve its 2022 sales target, which will be supported by new launches worth RM400mil in the fourth quarter coupled with its strong bookings of RM726mil, according to AmInvestment Bank Research (AmBank Research)

The research house said year-to-date, Mah Sing has secured new sales of RM1.7bil (32% increase), attaining 85% of its 2022 sales target of RM2bil and this was the highest quarterly sales recorded since 2017.