Mah Sing Group Bhd

Read this in The Edge Brokers' Digest:

Citigroup set a new target price of RM6.50 for Mah Sing Group Bhd.
Some of the highlights:
- Mah Sing has high earnings visibility with good landbanking track record and strong financial position.
- New projects will drive the growth with six new projects expected in FY2007.
- To gain from its land in Johor
- Possibility of diveestment of its non-core plastics division and resulting special dividends.

Looking at the market drop recently, it provides better oppurtunity to entry point for Mah Sing Group.