Mah Sing Group Berhad Future Growth

Future criteria checks 2/6

Mah Sing Group Berhad is forecast to grow earnings and revenue by 9.5% and 6.3% per annum respectively. EPS is expected to grow by 8.8% per annum. Return on equity is forecast to be 7% in 3 years.

Key information

9.5%

Earnings growth rate

8.8%

EPS growth rate

Real Estate earnings growth	11.6%
Revenue growth rate	6.3%
Future return on equity	7.0%
Analyst coverage	Good
Last updated	25 Apr 2024

Recent future growth updates

Recent updates

Mah Sing Group Berhad's (KLSE:MAHSING) Shares Bounce 25% But Its Business Still Trails The Market

Mar 25

We Think Mah Sing Group Berhad's (KLSE:MAHSING) Profit Is Only A Baseline For What They Can Achieve

Dec 07

Mah Sing Group Berhad (KLSE:MAHSING) Is Paying Out A Larger Dividend Than Last Year

Aug 08

Mah Sing Group Berhad (KLSE:MAHSING) Is Paying Out A Larger Dividend Than Last Year

Jul 14

Mah Sing Group Berhad's (KLSE:MAHSING) Shareholders Will Receive A Bigger Dividend Than Last Year

Jun 01

Mah Sing Group Berhad's (KLSE:MAHSING) Upcoming Dividend Will Be Larger Than Last Year's

May 02

What You Need To Know About The Mah Sing Group Berhad (KLSE:MAHSING) Analyst Downgrade Today

Mar 01

Is It Too Late To Consider Buying Mah Sing Group Berhad (KLSE:MAHSING)?

Mar 29

We Think Mah Sing Group Berhad (KLSE:MAHSING) Can Stay On Top Of Its Debt

Feb 27

Looking For Steady Income For Your Dividend Portfolio? Is Mah Sing Group Berhad (KLSE:MAHSING) A Good Fit?

Feb 11

Mah Sing Group Berhad (KLSE:MAHSING) Share Prices Have Dropped 41% In The Last Three Years

Jan 20

Could The Mah Sing Group Berhad (KLSE:MAHSING) Ownership Structure Tell Us Something Useful?

Dec 31

At RM0.93, Is Mah Sing Group Berhad (KLSE:MAHSING) Worth Looking At Closely?

Dec 16

Estimating The Fair Value Of Mah Sing Group Berhad (KLSE:MAHSING)

Dec 01

Earnings and Revenue Growth Forecasts

KLSE:MAHSING - Analysts future estimates and past financials data (MYR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	3,124	285	219	341	8
12/31/2025	3,013	267	-79	340	11
12/31/2024	2,784	238	-73	359	11
12/31/2023	2,603	215	1,037	1,090	N/A
9/30/2023	2,603	197	941	1,011	N/A
6/30/2023	2,630	194	1,073	1,150	N/A
3/31/2023	2,527	165	844	917	N/A
12/31/2022	2,317	158	639	716	N/A
9/30/2022	2,184	124	623	685	N/A
6/30/2022	1,877	117	290	353	N/A
3/31/2022	1,774	110	150	246	N/A
12/31/2021	1,754	107	19	164	N/A
9/30/2021	1,689	93	-200	-47	N/A
6/30/2021	1,713	79	-21	126	N/A
3/31/2021	1,573	51	64	174	N/A
12/31/2020	1,531	21	250	303	N/A
9/30/2020	1,501	40	389	415	N/A
6/30/2020	1,528	45	231	259	N/A
3/31/2020	1,710	83	354	389	N/A
12/31/2019	1,790	109	381	416	N/A
9/30/2019	1,862	135	568	615	N/A
6/30/2019	1,950	149	773	818	N/A
3/31/2019	2,059	181	805	872	N/A
12/31/2018	2,193	190	562	637	N/A
9/30/2018	2,439	213	326	398	N/A
6/30/2018	2,639	241	183	248	N/A
3/31/2018	2,777	277	110	163	N/A
12/31/2017	2,916	303	322	366	N/A
9/30/2017	2,897	322	N/A	577	N/A
6/30/2017	2,925	322	N/A	636	N/A
3/31/2017	2,972	320	N/A	637	N/A
12/31/2016	2,958	325	N/A	453	N/A
9/30/2016	2,989	352	N/A	155	N/A
6/30/2016	3,027	344	N/A	64	N/A
3/31/2016	3,034	346	N/A	-63	N/A
12/31/2015	3,109	368	N/A	-198	N/A
9/30/2015	3,179	351	N/A	-121	N/A
6/30/2015	3,122	375	N/A	20	N/A
3/31/2015	3,047	372	N/A	111	N/A
12/31/2014	2,905	356	N/A	316	N/A
9/30/2014	2,631	332	N/A	361	N/A
6/30/2014	2,454	312	N/A	340	N/A
3/31/2014	2,225	295	N/A	222	N/A
12/31/2013	2,006	281	N/A	178	N/A
9/30/2013	1,877	265	N/A	160	N/A
6/30/2013	1,761	250	N/A	72	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAHSING's forecast earnings growth (9.5% per year) is above the savings rate (3.6%).

Earnings vs Market: MAHSING's earnings (9.5% per year) are forecast to grow slower than the MY market (11.8% per year).

High Growth Earnings: MAHSING's earnings are forecast to grow, but not significantly.

Revenue vs Market: MAHSING's revenue (6.3% per year) is forecast to grow faster than the MY market (5.9% per year).

High Growth Revenue: MAHSING's revenue (6.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MAHSING's Return on Equity is forecast to be low in 3 years time (7%).

Mah Sing Group Berhad Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.2% to RM1.35

Price target increased by 7.5% to RM1.17

Price target increased by 7.7% to RM1.09

Price target increased by 8.4% to RM0.95

Price target increased by 9.0% to RM0.84

Consensus forecasts updated

Recent updates

Mah Sing Group Berhad, Annual General Meeting, Jun 27, 2024

New minor risk - Shareholder dilution

Price target increased by 7.2% to RM1.35

Mah Sing Group Berhad's (KLSE:MAHSING) Shares Bounce 25% But Its Business Still Trails The Market

Price target increased by 7.5% to RM1.17

Full year 2023 earnings released: EPS: RM0.089 (vs RM0.065 in FY 2022)

Price target increased by 7.7% to RM1.09

Mah Sing Group Berhad Announces the Resignation of Datuk Ho Hon Sang as Executive Member of Risk Committee, Effective from 02 February 2024

Third quarter 2023 earnings released: EPS: RM0.021 (vs RM0.019 in 3Q 2022)

Mah Sing Group Berhad Reports Property, Plant and Equipment Written Off for the Third Quarter Ended September 30, 2023

Mah Sing Group Berhad Appoints Tham Wai Ying as Company Secretary

Price target increased by 8.4% to RM0.95

Is Mah Sing Group Berhad (KLSE:MAHSING) A Risky Investment?

Upcoming dividend of RM0.03 per share at 3.7% yield

Price target increased by 9.0% to RM0.84

Second quarter 2023 earnings released

Mah Sing Group Berhad's (KLSE:MAHSING) Dividend Will Be Increased To MYR0.03

Mah Sing Group Berhad Appoints ADMIRAL (R) TAN SRI DATO' SERI PANGLIMA ABU BAKAR BIN ABDUL JAMAL as Independent and Non Executive Member of Audit Committee

Mah Sing Group Berhad (KLSE:MAHSING) Is Increasing Its Dividend To MYR0.03

Mah Sing Group Berhad Approves First and Final Dividend for the Financial Year Ended 31 December 2022

Mah Sing Group Berhad Proposes First and Final Dividend for the Financial Year Ended 31 December 2022, Payable on 21 September 2023

First quarter 2023 earnings released: EPS: RM0.021 (vs RM0.018 in 1Q 2022)

Full year 2022 earnings released: EPS: RM0.065 (vs RM0.044 in FY 2021)

We Think Mah Sing Group Berhad's (KLSE:MAHSING) Profit Is Only A Baseline For What They Can Achieve

Third quarter 2022 earnings released: EPS: RM0.019 (vs RM0.017 in 3Q 2021)

Less than half of directors are independent

Upcoming dividend of RM0.026 per share

Second quarter 2022 earnings released: EPS: RM0.009 (vs RM0.005 in 2Q 2021)

Mah Sing Group Berhad (KLSE:MAHSING) Is Paying Out A Larger Dividend Than Last Year

Mah Sing Group Berhad (KLSE:MAHSING) Is Paying Out A Larger Dividend Than Last Year

Consensus forecasts updated

Mah Sing Group Berhad's (KLSE:MAHSING) Shareholders Will Receive A Bigger Dividend Than Last Year

Mah Sing Group Berhad Proposes First and Final Single-Tier Dividend for the Fiscal Year Ended 31 December 2021, Payable on 29 September 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Mah Sing Group Berhad, Annual General Meeting, Jun 30, 2022

Mah Sing Group Berhad's (KLSE:MAHSING) Upcoming Dividend Will Be Larger Than Last Year's

Less than half of directors are independent

Price target decreased to RM0.79

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

What You Need To Know About The Mah Sing Group Berhad (KLSE:MAHSING) Analyst Downgrade Today

Others Mah Sing Group Berhad Announces Clearances to Market Nitrile Examination Gloves from FDA

Consensus EPS estimates fall to RM0.055

Third quarter 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of RM0.017 per share

Price target decreased to RM0.93

Second quarter 2021 earnings released: EPS RM0.005 (vs RM0.006 loss in 2Q 2020)

First quarter 2021 earnings released: EPS RM0.017 (vs RM0.005 in 1Q 2020)

Mah Sing Group Berhad Announces First and Final Single-Tier Dividend for the Financial Year Ended 31 December 2020, Payable on 29 September 2021

Full year 2020 earnings released: EPS RM0.011 (vs RM0.045 in FY 2019)

Mah Sing Group Berhad Proposes First and Final Single-Tier Dividend for the Financial Year Ended 31 December 2020, Payable on September 29, 2021

Is It Too Late To Consider Buying Mah Sing Group Berhad (KLSE:MAHSING)?

New 90-day low: RM0.77

We Think Mah Sing Group Berhad (KLSE:MAHSING) Can Stay On Top Of Its Debt

Full year 2020 earnings released: EPS RM0.011 (vs RM0.045 in FY 2019)

Revenue beats expectations, earnings disappoint

Looking For Steady Income For Your Dividend Portfolio? Is Mah Sing Group Berhad (KLSE:MAHSING) A Good Fit?

New 90-day low: RM0.83

Mah Sing Group Berhad (KLSE:MAHSING) Share Prices Have Dropped 41% In The Last Three Years

Could The Mah Sing Group Berhad (KLSE:MAHSING) Ownership Structure Tell Us Something Useful?

At RM0.93, Is Mah Sing Group Berhad (KLSE:MAHSING) Worth Looking At Closely?

Analysts update estimates

Estimating The Fair Value Of Mah Sing Group Berhad (KLSE:MAHSING)

Third quarter 2020 earnings released: EPS RM0.011

Mah Sing Group Berhad Provides Additional Information in Connection to the Proposed Diversification

Market bids up stock over the past week

New 90-day high: RM0.94

Price target raised to RM0.95

Mah Sing Group Berhad Announces Early Retirement of MR LOO KEAN LEONG as Chief Financial Officer

Mah Sing Group Berhad announced that it expects to receive MYR 100 million in funding