KUALA LUMPUR (Apr 23): Mah Sing Group Bhd is confident of achieving its sales target of RM3.43 billion for FY15 as it believes it has the right product mix, with attractive pricing, in the right locations.

But as at Apr 22, Mah Sing (fundamental: 2; valuation: 2.4) had only chalked up RM761 million in sales, which founder and group managing director Tan Sri Leong Hoy Kum said was due to a shorter working first quarter because of the festive season.

As such, he told reporters that he was sure the group will be able to catch up and meet its targeted sales number this year.

"Our projects will continue to focus mainly in the Klang Valley as the population in the area is supposed to increase to 10 million people by 2020," he said after a briefing at the Invest Malaysia 2015 conference today.

The Greater KL and Klang Valley are expected to contribute about 67% to sales this year, while Johor, Penang and Sabah will contribute 20%, 11% and 2% respectively.

On future launches, executive director (group corporate and investment) Datuk Steven Ng Poh Seng said Mah Sing has three project launches planned in Puchong, Seremban and Meridin East, Johor, this year.

As at 3.30pm, Mah Sing was up 1 sen or 0.48% at RM2.08, which gives it a market capitalisation of RM3.99 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)