Mah Sing’s Sentul deal a positive development

TA Research said Mah Sing’s robust balance sheet positioned the company well for more land acquisitions in the future.

PETALING JAYA: Analysts are bullish about the prospects of Mah Sing Group Bhd following its land acquisition in Sentul, Kuala Lumpur.

The 2.78-acre freehold land was acquired for RM32mil, or equivalent to RM264.3 per sq ft, with TA Research commenting that it is strategically situated just 5km from the city centre.