Mah Sing Group Berhad

Share price of Mah Sing continues to be weak after a strong rebound to RM5.05 from RM3++ a few days ago. It closed at RM4.70 on yesterday (9 March 2007).
I received a circular from Mah Sing this morning. It is related to the coming EGM which is on 29 March 2007.
From the past tracks, Mah Sing will complete their proposals in a very fast manner. It is great time to accumulate Mah Sing as they will split every 1 existing ordinary share (RM1.00) into 2 ordinary shares (RM0.50). Then, bonus issue is on the basis of 1 new ordinary share of RM0.50 each for every five existing ordinary shares of RM0.50 each.
With reference to the past trends, share price of quality stocks will be moving up after splitting of ordinary share as more investors will be able to buy since the stock price is lower.
Target price of RM6.50 by Citigroup will be achieveable in the near term if market continues to be stable.