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PETALING JAYA: The property market is expected to remain sluggish in the first half of 2020 despite back-to-back reductions in the overnight policy rate (OPR) as sentiment determines buying decision.
KUALA LUMPUR: Mah Sing Group Bhd has completed an issuance of secured and unrated sukuk murabahah of RM600mil in nominal value under the sukuk murabahah programme.
Mah Sing Foundation (MSF) has collaborated with social enterprise InspiraComm Sdn Bhd in a Cerdik programme (Cerita dalam mendidik) kick-off session to empower children from the B40 group.
But some companies remain confident they can weather the storm
PETALING JAYA: Mah Sing Group Bhd recorded a net profit of RM44.99mil for its fourth quarter ended Dec 31,2019, compared with RM66.02mil in the previous corresponding period, while revenue in the fourth quarter stood at RM442.64mil from RM514.65mil in the previous corresponding period.
FROM TAN SRI LEONG HOY KUM , Mah Sing founder and group managing director
KUALA LUMPUR: Property developer Mah Sing Group Bhd has projected a higher sales target for 2020 after the company said it sold RM1.5bil worth of new properties in financial year ended Dec 31, 2019 (FY19).
IN RESPONSE to the Covid-19 situation in China, Mah Sing Foundation donated RM100,000 worth of medical supplies to medical institutions in Wuhan city, Hubei Province.
KUALA LUMPUR: Mah Sing Group Bhd is aiming for a minimum sales target of RM1.6bil for 2020 with a key focus on the affordable homes segment as around 84% of its target is from residential properties priced below RM700,000.