Mah Sing call warrants actively traded, shares up

KUALA LUMPUR (Dec 30): Mah Sing Group Bhd's call warrants surged in active trade on Friday, accounting for 41 million units transacted.

At 3.36pm, Mah Sing-CE was up one sen to 2.5 sen with 23.269 million units done while Mah Sing-CB jumped 4.0 sen to 7.5 sen with 20.76 million units transacted.

The mother share rose 12 sen to RM2.10 with 4.13 million shares done. The FBM KLCI was up 8.32 points to 1,515.01. There were 905.45 million shares done valued at RM747.86 million. There were 398 gainers, 315 losers and 323 stocks unchanged.

Its managing director Tan Sri Leong Hoy Kum said in an interview with The Edge Financial Daily that the property group, after securing more than RM2 billion in sales for 2011, targets a sales target of RM2.5 billion for 2012.

"We are optimistic that we can continue our strong sales momentum as our products cater to market needs and are well sited in strategic locations," he said.

"We shall create our market by tapping the pent-up demand of selected sectors and would include new phases in existing projects like Icon City (Petaling Jaya), M City (Jalan Ampang), Icon Residence Mont'Kiara, Kinrara Residence (Puchong), Garden Residence (Cyberjaya) and Garden Plaza (Cyberjaya), as well as new projects like M [email protected] — all located in the Klang Valley," he said.

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