Aggressive land buy strategy to augur well for Mah Sing

CGSI Research said it is keeping its FY24 to FY25 forecasts on Mah Sing unchanged.

PETALING JAYA: Mah Sing Group Bhd is on track to register strong property sales for its financial years 2024 (FY24) to FY26, underpinned by its aggressive land acquisition strategy.

CGS International (CGSI) Research in a report noted that the property developer had announced six land acquisitions collectively worth RM650.7mil in 2024, with a potential gross development value of RM5.8bil.