Ma Xing Group is making great strides!
MAHSING Group (MAHSING, 8583, Main Board Industrial Stock) had a good harvest, and its stock price soared to a record high. The market closed at RM90 cents, the highest price since listing in 2006.
A week ago, the group announced a partnership with Bridge Data Center (BDC) to build a 17.55-acre data center park at the Southville City project in Bangi (Bangi), Selangor.
Since the news broke, the group has been singing high in the market.
According to Bloomberg, as many as 11 of the 12 analysts interviewed called to buy the stock, and their target average price for 12 months was reported at RM1 89 cents.
Liu Songzeng, head of sales at Rakuten Securities, predicts that based on the artificial intelligence (AI) theme or unabated popularity in the next 2 years, this could further boost the stock's popularity.
A week ago, the group announced a partnership with Bridge Data Center (BDC) to build a 17.55-acre data center park at the Southville City project in Bangi (Bangi), Selangor.
Since the news broke, the group has been singing high in the market.
According to Bloomberg, as many as 11 of the 12 analysts interviewed called to buy the stock, and their target average price for 12 months was reported at RM1 89 cents.
Liu Songzeng, head of sales at Rakuten Securities, predicts that based on the artificial intelligence (AI) theme or unabated popularity in the next 2 years, this could further boost the stock's popularity.
However, he stressed that unlike the internet bubble, the impetus for this AI boom comes from $NVIDIA(NVDA.US$Tech giants such as Nvidia have shown excellent revenue performance, so it's not a bubble phenomenon.”
“The construction and utilities sector has actually experienced an upward trend; however, technology-related stocks are currently relatively backward.”
Source: Nanyang Siang Pao
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