Nov 3 2019, 08:46 PM
QUOTE(Sand Dust @ Aug 23 2018, 05:45 PM)
Mah Sing PBT margin been consistently at 16.2% from 2015 despite the downturn.
Since they shifted to affordable housing, pricing Rm500k segment (which command lower margin), they manage to retain this margin, meaning that they are doing very good job in controlling the cost.
The cost will come from higher dense, and definitely not better workmanship products. So give and take I guess.
But labelled as top developer might be misleading, if top means quality.
Top means total market capitalization i thinkSince they shifted to affordable housing, pricing Rm500k segment (which command lower margin), they manage to retain this margin, meaning that they are doing very good job in controlling the cost.
The cost will come from higher dense, and definitely not better workmanship products. So give and take I guess.
But labelled as top developer might be misleading, if top means quality.
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