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    Real Estate - Development
Mah Sing Group Berhad

Mah Sing Group Berhad

8583.KL
Mah Sing Group BerhadMY flagMalaysian Stock Exchange
0.95
MYR
- -
- -
2.42BMarket Cap
Mah Sing Group Berhad
8583.KL
(Malaysian Stock Exchange)

Recent

price

0.95

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.74
1.04
1.17
1.13
1.5
1.33
1.23
1.21
0.9
0.74
0.63
0.72
0.95
1.07
1
0.98
0.95
Revenue per Share
0.08
0.11
0.15
0.16
0.18
0.17
0.15
0.15
0.11
0.08
0.04
0.07
0.07
0.09
0.1
0.1
0.1
Basic EPS, GAAP
-0.21
-0.04
0.12
0.09
0.15
-0.09
0.17
0.13
0.23
0.16
0.1
0.01
0.26
0.43
0.2
0.13
0.06
Free Cash Flow per Basic Share
0.03
0.03
0.05
0.06
0.06
0.07
0.06
0.07
0.07
0.05
0.03
0.02
0.03
0.03
0.04
0.04
- -
Dividend per Share
0.52
0.6
0.71
0.86
0.94
1.07
1.11
1.4
1.43
1.41
1.4
1.42
1.46
1.52
1.56
1.59
1.57
Book Value per Share
0.62
0.72
0.82
1.1
1.18
1.57
1.59
1.92
1.98
1.97
1.73
1.7
1.47
1.54
1.57
1.6
1.57
Tangible Book Value per Share
1,509
1,509
1,513
1,782
1,942
2,341
2,409
2,414
2,428
2,428
2,428
2,428
2,428
2,428
2,523
2,560
2,560
Basic Weighted Avg Shares
1,110
1,571
1,775
2,006
2,905
3,109
2,958
2,916
2,193
1,790
1,531
1,754
2,317
2,603
2,520
2,517
2,430
Sales/Revenue/Turnover
15.89
14.74
17.65
18.39
16.18
16.08
16.16
16.34
16.31
15.17
11.43
14.9
13.83
14.57
15.54
17.54
18.26
Operating Margin (%)
11
12
14
16
17
18
18
20
23
40
39
39
41
41
50
61
- -
Depreciation Expense
118
169
231
281
356
387
361
362
272
200
94
161
180
215
241
260
262
Net Income, GAAP
27.81
29.33
26.54
24.83
24.75
23.64
25.39
23.95
22.15
25.03
33.58
21.43
29.28
32.14
29.07
27.49
28.29
Effective Tax Rate (%)
10.64
10.73
12.99
13.99
12.27
12.44
12.22
12.41
12.38
11.19
6.16
9.17
7.77
8.27
9.55
10.33
10.79
Profit Margin (%)
1,141
1,799
1,525
2,269
2,487
3,657
3,144
3,415
3,115
3,014
3,096
3,013
2,273
2,495
2,139
2,368
2,725
Working Capital
369
937
869
1,044
1,387
1,395
861
639
446
468
1,251
1,502
1,315
1,320
1,409
1,980
2,244
LT Debt
936
1,088
1,255
1,963
2,299
3,684
3,836
4,648
4,824
4,796
4,204
4,137
3,587
3,737
3,975
4,087
4,025
Total Equity
10
9.2
10.7
10.43
10.27
8.5
7.07
7
5.12
3.76
2.13
3.66
4.22
5.08
4.98
5.12
5.29
Return on Invested Capital (%)
10.08
10.6
11.85
12.17
12.1
10.76
9.49
9.39
6.79
5.08
2.66
3.79
4.25
4.94
5.19
4.71
5
Return on Capital (%)
16.49
19.78
23.22
21.47
21.16
17.84
13.95
11.94
7.93
5.81
2.76
4.7
5.14
5.95
6.32
6.5
6.64
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
36
364
343
LT Borrowings
2,132
1,930
2,244
LT Finance Leases
- -
50
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,560
2,560
2,560
Market Capitalization
2,842
2,471
2,560

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
3,989
4,301
4,398
Cash, Cash Equivalents & STI
- -
704
- -
Accounts Receivable, Net
611
339
613
Inventories
1,474
1,649
1,779
Total Current Liabilities
1,358
1,933
1,673
Payables & Accruals
- -
- -
- -
ST Debt
36
364
343
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.46%
-0.3%
2.82%
Free Cash Flow
290.52%
644.33%
-33.66%
Net Income, GAAP
1.14%
24.37%
8.03%
Sales/Revenue/Turnover
-0.82%
11.14%
-0.15%
Total Cash Common Dividend
- -
15.1%
12.5%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
558
578
639
744
2,520
2025
650
566
636
665
2,517
2026
563
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.02
0.1
2025
0.03
0.03
0.03
0.02
0.1
2026
0.03
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.04
2025
- -
- -
- -
- -
0.04
2026
- -
- -
- -
- -
- -
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Business
Mah Sing Group Berhad engages primarily in property development, alongside manufacturing of plastic products and healthcare items including gloves. The company develops residential properties such as affordable M Series townhomes, high-rise apartments and landed homes under brands like M Grand for premium segments; commercial properties encompassing Grade A office buildings, retail spaces, SoHo units and integrated business parks; and industrial projects including logistics and data centre facilities. It manufactures plastic molded products, household wares and healthcare gloves through subsidiaries like Mah Sing Plastics Industries Sdn Bhd; and provides investment holding services. Operations span Malaysia's key regions including Greater Kuala Lumpur, Klang Valley, Johor Bahru, Penang and Kota Kinabalu, with manufacturing extending to Indonesia and international property markets in Singapore, Australia, Vietnam, Thailand and beyond. Founded in 1965 with headquarters in Kuala Lumpur, Malaysia, the group listed on Bursa Malaysia's Main Market in 1991. Recent strategic land acquisitions in 2025 include the 2.78-acre M Aria site in Sentul in January and the 1.48-acre Corus Hotel site in Jalan Ampang in August, both freehold with combined gross development value of RM1.6 billion to bolster residential and industrial pipelines; a master cooperation agreement with PT Gaya Sukses Mandiri Kaseindo for a joint venture manufacturing expansion in Indonesia; a collaboration with Bridge Data Centres Malaysia VII Sdn Bhd for data centre development at Southville City in Bangi, though exclusivity lapsed in October 2025 prompting new partnership pursuits; and proposed acquisitions of approximately 561.65 acres for further development by wholly-owned subsidiaries. Unbilled sales reached RM2.91 billion as of mid-2025, supported by robust 1H25 property sales of RM1.15 billion and manufacturing revenue growth of 10.8 percent year-on-year.