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2018-03-21 22:05 | Report Abuse
Assuming Mr Tan still holding 40% Mitra share. How much money take out for him to buy Right Share?
2018-03-11 12:14 | Report Abuse
February 5, 2018 12:15 pm JST
INTERVIEW: Malaysia Mitrajaya Aims To Secure MYR1.2 Bln New Orders This Year-Finance Chief
By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Feb 05) -- Mitrajaya Holdings, a Malaysian construction and property firm, is aiming to secure 1.2 billion ringgit ($310 million) worth of new orders in 2018 as the Southeast Asia's third largest economy undertakes massive projects to boost infrastructure, its chief financial officer said.
The company is currently bidding for domestic contracts worth 3.3 billion ringgit, Cho Wai Ling told Nikkei Markets. Mitrajaya Holdings secured 1 billion ringgit worth of contracts in 2017 and the construction sector's outlook remains positive with more projects rolling out, she said.
"We are looking at East Coast Rail Line and our construction arm is successful in the pre-qualification evaluation," she said. However, crimped with a shortage of skilled manpower and weighed under higher labor cost, "we expect construction margin to reduce and (we will) mitigate (that) by increasing revenue," she said.
Malaysia is embarking on a slew of infrastructure projects, including expansion of the mass rapid transit network and new constructions ranging from airports to expressways. The East Coast Rail Line alone is expected to cost about 55 billion ringgit.
Malaysia had earlier appointed China Communications Construction Company as the main contractor for the 688-kilometer rail track that runs from Port Klang, Malaysia's main sea port, to Pengkalan Kubor bordering Thailand.
For 2017, Mitrajaya's revenue is likely to top 1 billion ringgit, although pre-tax profit could be lower due to cost overrun at one of its projects, Cho said. Mitrajaya has outstanding orders totaling 1.79 billion ringgit that will keep the company busy until 2021, she said.
"(The) property division is expected to contribute higher revenue and profit especially from Wangsa 9 project," driven by the unbilled sales of 207.4 million ringgit, which could be booked until 2019, she said. This year, Mitrajaya plans to launch property projects worth 318 million ringgit, Cho said.
New launches planned for 2018 include Block A of Wangsa 9 Residency in the first quarter with estimated gross development value of 300 million ringgit and a 24 unit shop-houses in the southern state of Johor worth 18 million ringgit, she added.
Shares of Mitrajaya, which have shed 20.5% over the past 12-months, are currently trading 0.5% lower at 0.96 ringgit apiece.
- By Gho Chee Yuan;
2018-03-04 17:08 | Report Abuse
TNB shortlists 15 developers for Bangsar land, say sources
TheEdge Mon, Feb 26, 2018 - 1 hour ago
PETALING JAYA (Feb 24): Tenaga Nasional Bhd (TNB) has shortlisted 15 companies to develop its 3.8-acre parcel at Bangsar and has given them a briefing on the project, reported The Edge weekly citing sources.
However, this list is understood to not be final, as the state-run power company is looking at adding more candidates — up to a further five, with firms in the running including Malaysian Resources Corp Bhd (MRCB), IJM Corp Bhd, Muhibbah Engineering (M) Bhd, Mitrajaya Holdings Bhd, Chase Perdana Bhd, Sunway Construction Group Bhd, Zelan Bhd, WCT Holdings Bhd and China State Construction Engineering Corp.
The Bangsar development is understood to be a mixed-use project comprising a 45-storey corporate tower, a 57-storey building with serviced residences and a hotel, and a 2-storey commercial component.
The parcel of land is located near KL Eco City, between Jalan Pantai Baru in the north and the Federal Highway in the south, with the size of the land described as 3.8 acres in an agreement signed by TNB and Bayu Mantap Sdn Bhd in June 2016.
Bayu Mantap is controlled by developer Melati Ehsan Holdings Bhd’s largest shareholder Tan Sri Yap Suan Chee and his family. Yap holds a 50.01% stake in the listed company.
While the main project has not been awarded yet, the smaller jobs within the development have already been awarded.
For instance, MRCB has secured a RM40 million contract to build a Balai Islam and staff quarters under the first phase of the TNB headquarters campus development at Jalan Bangsar.
Other parties involved in the development of the site are Turner Construction Company, which is serving as project manager.
Notably, it is also managing Permodalan Nasional Bhd’s PNB118, a high-rise building of over 600m that, upon its completion, will be the tallest building in Southeast Asia.
Meanwhile, international architecture firm Woods Bagot has also been drafted into the project.
It is also involved with the designing of TNB’s new corporate headquarters and is expected to deliver a new campus workplace.
2017-09-18 10:29 | Report Abuse
MITRA will complete the RAPID project within FY2017 then claim back early hand over fees from PETRONAS.
2017-09-17 00:11 | Report Abuse
June 8 Oriental Daily
陈永標指出,美德再也年初至今,获得2 项总值逾4亿令吉的工程订单,加上即將收归囊中,价值逾 2 亿令吉的古晋医院工程。
Hope another RM200 million Hospital project coming soon.
2017-09-16 00:52 | Report Abuse
Total sum of 2017 awarded project is RM811,308,138.00.
Sep 07- Academic building and car park contract sum of RM333,545,616.60
Sep 07- Rumah Selangorku scheme contract sum of RM43,907,429.97
May 11- Residential buildings contract sum of RM160,060,000.00
Apr 14- A Centre of Excellence contract sum of RM273,795,138.00
2017-09-15 15:31 | Report Abuse
EPF use our money to press down the price for other Government Fund to accumulate more. Possible.
2017-09-11 21:45 | Report Abuse
Mitrajaya Charity Run 2017 is going to be held at Taman Wetland Putrajaya on 8 Oct 2017 by Pembinaan Mitrajaya Sdn Bhd. It aims to raise funds for National Kidney Foundation Kiwanis Down Syndrome Foundation Malaysian Nature Society and St. John Ambulans Malaysia Kawasan Selangor Selatan whilst creating awareness of the underprivileged people.
Contact Person- Ms Nadia 0380658812
2017-08-30 14:03 | Report Abuse
Prospects
Mitrajaya has secured two major projects, collectively worth RM433.9 mln in 2Q2017. This brings its construction orderbook replenishment to RM617.3 mln YTD (see Appendix 1) – amounting to 77.2% of our orderbook replenishment target of RM800.0 mln for 2017. We are positive on the group’s prospects and to achieve the aforementioned target, based on the group’s tenderbook of approximately RM3.00 bln, comprising of 90.0% for building projects and the remainder 10.0% for infrastructure works. Moving forward, we think that the construction segment will continue to anchor the group’s earnings, backed by a relatively strong unbilled construction orderbook of RM1.42 bln. This translates to an orderbook-to-cover ratio of 1.7x to 2016 construction earnings of RM843.5 mln that provides earnings visibility over the next three years. Although the construction segment earnings pretax margins has tapered to 4.3% in 1H2017 (vs. 12.6% in 2016), we think that it should normalise as the group adjust to the one-off expenses in certain projects that saw cost overrun in 2Q2017.
-Malacca Securities
2017-08-21 21:37 | Report Abuse
Besok 10cent down at least...
2017-08-09 22:21 | Report Abuse
http://www.orientaldaily.com.my/s/207990
30% project for local contractor. Hope MITRA get somes. Many Railway Station will be built.
2017-08-07 16:02 | Report Abuse
Dividend 16/8 + Good Q2 Report 28/8 + LRT3 Project 30/8
2017-08-03 16:27 | Report Abuse
Hari-hari jatuh 1-2 sen. Going to touch RM1.20.
2017-08-02 20:00 | Report Abuse
MITRA build station for Sri Petaling-Putra High line. Big percentage continue to build station for Kelana-Klang line.
2017-08-01 16:32 | Report Abuse
Hope MITRA can win more LRT/MRT Station to build. LRT3 going to announce. Total about 20 station from Kelana to Klang.
2017-07-31 18:51 | Report Abuse
I remember last 2 year GKent also like that. Sideway many months then suddenly shoot to $3+-.
2017-07-28 09:10 | Report Abuse
现在Last 4 quarter的EPS是19cents, 希望FYE17的EPS可以冲破20cents. PE10的话,股价就是RM2。
2017-07-27 21:07 | Report Abuse
ADVANTAGES OF INDUSTRIALISED BUILDING SYSTEM (IBS)
Less construction time
IBS requires less construction time because casting of precast element at factory and foundation work at site can occur simultaneously and the work at site is only the erection of IBS components. This leads to earlier occupation of the building.
Cost savings
The formwork of IBS components are made of steel, aluminum or other materials that allows for repetitive use and this leads to considerable cost savings.
Saving in labour
When the IBS components are produced in factory, higher degree of utilization of machine is permitted and the use of labour will be reduced and lead to saving in labour cost
Less labour at site
The use of IBS will reduce the construction process at site and consequently reduce the number of labour required at site.
2017-07-27 21:02 | Report Abuse
https://www.youtube.com/watch?v=U-Q20-aREzY
MITRA can save 50% manpower and 30% time with their Lego system.
2017-07-25 11:20 | Report Abuse
Thanks Loh for the correction. Appreciated.
2017-07-25 10:37 | Report Abuse
Sunway和Suncon也起了,应该也是从太公那里分到肥肉吧。大选要到,跟政府好交情的一定有肉分。
2017-07-25 10:09 | Report Abuse
之前大老板跟媒体说今年会竞标一个30亿的工程,是一个27亿建筑和3亿基建的合约。我想如果万一给MITRA拿到,那就有旧定单17亿 + 新定单30亿 = 总定单47亿。
2017-07-24 20:53 | Report Abuse
EPF buy again. Accumulated 5.784% of MITRA share as at today.
2017-07-21 21:49 | Report Abuse
政府工程不怕收不回账的,最多是慢。如果政府赖账,MITRA都不会一直標政府工程啦。老板已在媒体放话,两年内公司坏账将会改善。
2017-07-20 08:21 | Report Abuse
MITRA is bitting a 3 billion project. 2.7 billion is building work and 0.3 billion is infrastructure work. Anyone know what project is it?
2017-07-18 16:04 | Report Abuse
EPF accumulated yesterday. Now EPF own 5.6% of MITRA share.
2017-07-15 17:37 | Report Abuse
Possible Tambun results also drop 90% like HuaYang?
2017-07-15 12:02 | Report Abuse
EPF accumulated 5.5% of Mitrajaya. I think EPF is second big shareholder. Coming Q2 report should be beautiful.
2017-07-11 14:24 | Report Abuse
I die hard HEVEA. Q-ing @ 1.45. Hope can gets some. Collect when got discount.
2017-07-07 20:58 | Report Abuse
Q1'18 HeveaGro Gourmet Fungi and HeveaPac New RTA plant start contribute. Estimate EPS is above 19 cents.
2017-07-07 17:12 | Report Abuse
HeveaPac is the largest laminated particleboard shelving RTA furniture producer in Asia. The factory is located in Seremban, Negeri Sembilan. It has a maximum annual production capacity of 7,200 containers; hires 2,000 workers and runs 24 hours. Particleboard is one of HeveaPac’s major raw materials, sourced in-house from HeveaBoard and from third parties. It complements the particleboard manufacturing business, due to 1) consistent supply and quality of particleboard (the major raw material); and 2) price is stable and most competitive. As at FY16, the group’s RTA business accounts for majority of sales (58%), followed by its particleboard business (42%). In terms of margins, RTA accounts a margin of 15% and particleboard of 20%.
HeveaPac is in the midst of setting up a new RTA manufacturing plant with additional capex of RM33.5m. Scheduled for completion and commercial production by end-FY17, the new RTA plant will diversify HeveaPac’s RTA furniture product range to veneer-based furniture products, which is expected to command better profitability.
2017-07-07 15:35 | Report Abuse
MYR vs USD forecast:
Q317- 4.30
Q417- 4.39
Q118- 4.43
Q218- 4.47
2017-06-30 17:03 | Report Abuse
Q2 report card is beautiful. Next month no more rubberwood export to oversea manufacturer. That means more buyer will buy from local board maker. So Q3 results should be good also.
2017-06-30 16:12 | Report Abuse
I saw one shot clear 1.39 at 3.38pm and one shot clear 1.40 at 4.11pm. Only Big Kaki got this buying power.
2017-06-29 15:51 | Report Abuse
1.37 clear in 1 shot. Big kaki joining.
2017-06-23 15:09 | Report Abuse
Foreigner hard to buy raw rubberwood from Malaysia. Is a positive news for local furniture maker.
2017-06-21 15:30 | Report Abuse
No more bullet to add share. Waiting the dividend to add some HEVEA.
2017-06-16 17:16 | Report Abuse
Confident with HEVEA. I will buy when dividend received. HEVEA Dividend Re-invest Plan.
2017-06-04 11:10 | Report Abuse
I already ask MD to give Special Dividend 3 Cents. MD said let him think think first.
2017-06-01 14:31 | Report Abuse
If 2017 EPS is 18 cents and trade in P/E10 only. HEVEA price will be $1.80.
Like MD said, HEVEA share price is undervalue currently.
Stock: [GKENT]: GEORGE KENT (M) BHD
2018-05-15 18:26 | Report Abuse
JibGor & Gang pump alot money try to Goreng this stock. But unfortunately BN lose GE14. Tun will not not let their gang to cash out. Tomorrow is 3rd round limit down. Good Luck.