CHHB, what company?

Impossible, no need why. Price up good enough, lo

Positive business data helps keep stock price uptrend. Gives investors great confidence to sustain interest.

Bintang21, how about researching more info about Scable & post it in this counter?
Visit Mulpha counter for reference.

Nemesis, with due respect, so-called investment houses sometimes also arbitrary - for the same counter, one call SELL, another HOLD while another BUY. How to explain?

Apply some common sense, trust your judgment and you will win in the end.

It's the same every counter. Mole(s) ever present to give false alarm, create confusion or uncertain so that trusting investors dump their shares in fear. Then, they collect bonanza or durian runtuh shares at cheap prices.

Lewis Le: LIKE your spirit

Calvin is working lah

Perhaps you may want to reset and refresh yourself on the essentials of investing. There is this topseller "How To Make Money from Your Stock Investment Even in a Falling Market - Ho Kok Mun" .

What are the reasons for downtrend?

fukrai, don't feel too bad. Bad luck is NOT forever. Have hope that the new cycle of LUCK is imminent.

FX Lee, have a big heart. Contra or no contra, allow everyone a chance in Bursa M. BTW, I'm not contra.

All the chemistry for uptrend is there. Have faith, have faith in Mitra.

Mitrajaya - An 'Undervalued' Construction, Property Play? (Part 2)

Stockstalk: First off, investors should exercise caution when considering a small cap such as Mitrajaya and any small cap for that matter. Note that the beta coefficient for the stock is 1.36, meaning it is 36% more volatile than the market as a whole.

Risk and return go hand in hand, so with luck, investors could see significant gains from their investment. According to Kenanga estimates, there is a potential for a 30% upside.

Kenanga estimates price the value of Mitrajaya’s shares almost a third higher than they currently trade at using the sector’s average price-to-earnings ratio, a generally accepted way to price traded securities, but not a cut and dried method by any means.

Investors ought to take Kenanga’s upbeat views with a healthy dose of cynicism. It certainly does not help that there are no other analyst reports from other research houses to compare against.

It is likely that Mitrajaya’s stock will track the health of the property market, which is not too bright at the moment. Sales of new properties plummeted in the first quarter (1Q14) after Bank Negara installed macro-prudential cooling measures to curb property speculation

But, as Kenanga pointed out, Mitrajaya’s property projects are a sure sell if priced right because of their location next to public transportation hubs. The company’s Wangsa Maju condominiums with an end-2014 launch date is located close to the Sri Rampai LRT station.

In a May interview with The Star, managing director Tan Eng Piow revealed plans to time the development of a parcel of commercial land in Puchong Prima with the completion of the Kelana Jaya LRT line extension to Putra Heights via Puchong.

Tan has repeatedly claimed that the company’s land bank has a market value of over RM600 million despite company accounts only listing the land bank at a book value of RM160 million.

Meanwhile, things are looking up for the construction sector. According to RHB Research there is a “record backlog” of government and government-related jobs to be awarded. They include various highway and rail projects as well as the PR1MA affordable housing scheme.

Years back, Mitrajaya participated in some of the country’s mega projects such as the Kuala Lumpur International Airport or KLIA, the Light Rail Transit (LRT) system and the Cyberjaya Flagship Zone.

A video presentation of Kenanga’s research report on Mitrajaya is available at this YouTube link.
http://youtu.be/geZLJ0wUogk

Hoping this 2-part report will give everyone an understanding of Mitrajaya current status and its future potential.

Mitrajaya - An 'Undervalued' Construction, Property Play? (Part 1)

With blue chips approaching their ceiling valuation and investors told to be selective, Mitrajaya presents itself as an under-researched small cap with potential. Will it finally be noticed?

Business Model: Mitrajaya Holdings Bhd calls itself a “multinational conglomerate with businesses in a diverse range of industries,” namely construction, property development, manufacturing and healthcare.

Investors should recognise this statement as aspirational rather than factual. Although the company has multi-million ringgit investments overseas, the bulk of its operations are based in the country. And at a market capitalisation of just RM341 million on Bursa Malaysia, the company is a long way off from rivaling the country’s blue chip conglomerates.

Construction has always been the mainstay of Mitrajaya’s business. Of total revenue of RM338 million recorded in the financial year ended December 2013, 64% came from the construction division.

The company’s order book is worth RM1.2 billion, dominated by two jobs. The first is the construction of new offices in Putrajaya for the Malaysian Anti-Corruption Commission and the second, two blocks of condominiums in Cyberjaya.

Mitrajaya’s expertise in construction is a natural fit for its growing property division, which contributed 29% of total revenue. Last year, the company completed several residential projects in Puchong and Mont Kiara. In South Africa, the company is developing the Blue Valley Golf & Country Estate with revenue contribution of RM20 million last year.

Mitrajaya has discovered that money is better as a developer instead of a contractor. The construction division, while contributing 62% of revenue only accounted for 33% of pre-tax profit. In comparison, the property division returns almost half of pre-tax earnings.

The conglomerate in the making has small operations in manufacturing and healthcare, one of which is the Optimax eye specialist centre.

Shareholders and management assessment: Managing director Tan Eng Piow is one of the founding members and controlling shareholder of Mitrajaya with an effective ownership of 41% of the company’s shares.

Tan began his career at the Public Works Department (JKR). He has over 35 years of experience in the construction industry and is the man in charge of the company’s ambitious expansion plans.

Chairman Ismail Hassan is a former Chief of Army with 36 years of service in the Malaysian Armed Forces.

Two other non-executive directors, both former civil servants and two executive directors, one with a civil engineer and the other a chartered accountant, make up the rest of the board of directors.
Share performance: At the start of the year, Mitrajaya’s Bursa-traded shares were worth not more than 50 sen. In the three months between March and May, the stock rallied to almost double that.

Since then the counter has been trading more or less within the 85 sen to 90 sen band.

What analysts think: Investment bank Kenanga has the only known research house actively covering the company. In its latest report, Kenanga pegged its target price for the company’s stock at RM1.13 per share for a 30% upside.

Kenanga has a ‘trading buy’ recommendation on Mitrajaya. According to the research house, “the share price rally is not over yet.”

“We deem, at this current price, it is still ‘too cheap’ for a high double-digit growth stock like Mitrajaya,” Kenanga analyst Iqbal Zainal said.

According to Iqbal, Mitrajaya is trading at a low forward price-to-earnings ratio of 6.6 compared to over eight for its peers.

“The key catalyst for its property division will be the launch of its new property project comprising three blocks of luxury condominiums in Wangsa Maju by end-2014,” he said.

“Despite the property cooling measures, we believe this project could achieve healthy take-up rates due to the strategic location adjacent to the LRT and Wangsa Walk mall.”

Even after recent share price revaluation, Kenanga thinks Mitrajaya an “under-researched” small cap stock “worth considering given its visible earnings growth prospects.”

A video presentation of Kenanga’s research report on Mitrajaya is available at this YouTube link.

Mitrajaya earnings forecast 180714Earnings forecast: According to Kenanga estimates, Mitrajaya’s net profit could grow at an impressive rate of 52% this year and 31% in 2015.

The research house noted that their estimates are “considered conservative” because they “only assume” an 8% and 20% pre-tax profit margin for the construction and property divisions respectively. Reported sector margins are allegedly several percentage points higher.

Last year, the company paid out dividends of two sen per share equating to a 2.4% dividend yield. Kenanga estimates has the dividend yield increasing to 4.7% in 2015.

Don't feel lonely, bintang21. I also follow Scable. Some counters, like Sumatec, Econbhd I keluar masuk few times making profits short-term. Scable I sabar tunggu.

Econ is a good stock. Has great book order which brings streaming income for some time.

I've been in and out number of times making short-term earnings. Starting 30 July, I'm investing long-term because I trust the management of Econ. Prudent, realistic & pragmatic but productive.

Any drop only temporary, no worry.

zackboy, you are quite right. Teachers would love Sasbadi as long-term passive income.

fred2758, confirmed on 25 July 2014. Ex-date 27 Aug; Entitlement 29 Aug; Payment 12 Sep.

Be patient. Even with 500million book order, projects take time to complete before revenue starts coming in.
Like the title of the article in FM, "A New Dawn for YFG." There is an old saying, "The Darker the Night, the Nearer the Dawn." When everything seems not moving, all it takes is a little hope to get things going and coming.

Read this article from Focus Malaysia, July 11-18, 2014
https://drive.google.com/file/d/0B4bbwucqpGkASzZrUjJNY3R5eTQ/edit?usp=sharing

iPlay,thanks for chorusing Mulpha's slogan again.

juga beli syer Hovid, kuatkan harga stok Hovid, dapat untung; makan ubat Hovid kuatkan tenaga tunggu EAH berbuah, dua kali untung! Hovid untung, EAH pun untung. Di sini untung, di sana untung, semua pun untung lo.

Ohkns, jangan lupa makan ubat herba organic punya, jangan sintetik punya.Hihihi
Kita sama2 pegang solid2 nanti untung pun sama2 solid

Kukumanis, itu IFCAMSC & WA ibu anak syarikat gua pun dah masuk keluar gua punya poket ting ting ambil untung beli YFG syer murah 0.11sen manyak2 tunggu rezeki datang nanti.

Ayam Tua tak lari dr EAH punya. Dia hardcore EAH. Jual satu kampung reban ayam, dia pasti taruh atas EAH punya.

Kukumanis, kadang2 entry tinggi tak semesti pi Holland punya. Semua tengok timing dan ONG satu2 orang.
Itu ECONBHD, SUMATEC, Sasbadi, AAX hari lalu stok PANAS uptrend cepat, gua dah kolek cukup elaun harian boleh tahan 1 bulan lo.

Lu silap, gua maksud masuk EAH beli dia punya syer sikalang dan keluar pd High Price.

Holland, tak mau. Sangkut MH17, tak ONG. Gua mau pi Germany, ONG menang World Cup. HiHahiha

Kukumanis, EAH= Entry At Highpoint

Company acquisition = business = money moving = good news = EAH investors or traders.

Don't give up hope. The nearer the dawn, the darker the night. Put to the extremes of not moving, movement is dawning ...

MTSB is Murasaki Technology Sdn Bhd

In uncertain times, traders depart investors stock buy start.

Calvin, copy and paste the whole chunk of given content in Google Translate and you will get a fair gist of the information.(translation slightly clumsy in grammar and sentence structure)

Generally, the news content of the links touched on the many salient points and facts already covered by you with some additional points notably Geomancer Master Pang giving a good rating for Mulpha's meteoric rise.

kytan, thumbs up to you!

You even get geomancer's POSITIVE rating for Mulpha. First of its kind.

AAX, sure winner! Always Advance XTRA mah!

Update. Qcapita giving 4.10 sen (ex-date 06/08/2014)

Try the "capture dividend strategy" to earn easy and good dividends from companies announcing income distribution with ex-date (XX) Jul/Aug 2014.

UOAReit giving 5.27 sen (Ex-date 01/08/2014), PavREIT giving 3.84 sen (Ex-date 01/08/2014), CMMT giving 4.53 sen (Ex-date 31/07/2014), and TWRREIT giving 3.83 sen (Ex-date 07/08/2014)

Uchitech008, time is the greatest witness to and ultimate test of truth (true intrinsic value).

Oh yes, there is also uchitech008 who joined recently but campaigned passionately for Mulpha like a hardcore Mulpha fan!

Pray for the day when you successfully build your grand residence on Leisure Farm Resort. We would love to attend your house-warming party to rejoice with you. Ha, ha, ha.

Not to forget my respectworthy friend, yapts, whom I noticed have been tenaciously defending Mulpha against the crows of doom/negativism who flew into Mulpha forum to pour cold water with cynicism & sarcasm, trying to convert Mulpha supporters

Good Sunday afternoon, Calvin. Salute to your tireless and relentless efforts to share the inherent unlocked potential of Mulpha.

Chua Boon Chin, LIKE. You standing tall. I also have Marco seeds. Trust the seeds will bear fruits!

As a saying goes, the nearer the dawn, the darker the night. Marco fans, don't give up. The proof of the (Marco) pudding lies in the WAITING. A good tree must bear good fruit.

Good morning, Eddie Lee, the feeling good mood is mutual. I know how hard you have accumulated and waited for this personal victorious day.

Don't forget to pamper yourself with a great breakfast before we go to treasure land of Sumatec again. As the CEO of your hard-earned accumulated, strike well, hit low, smash high to another glorious day!

Ha, ha, ha

strategising how to continue to collect good durian flesh.

Last week, went in collect at low in the morning and afternoon, release at high. Profit not so big like yours, but enough to pamper myself with weekly allowance for the whole month.

Eddie Lee, I also cannot sleep. Like you happy

Goldenray, sama-sama pocket some good income from Dnex sale.

Speakup, quite true. Bones never put a gun at people's head to force them to follow him. The fact remains, Bone (through his indepth research) presents his take in a rational convincing way. Most people generally prefers to use Windows shortcut (follow tips) without wanting to do their due diligence.

Shareholders seizing opportunity to sell high is a natural thing. Why do people come to bursa? To make money.

In this scenario, the point is for a trader to take a balanced approach whereby you win without getting burnt. If on wrong timing get burnt don't blame others.

Typical of selfish human nature. Ride on people's call and strike rich, gleefully quiet. But lost on own inadequacies, blame the informer, the whole world, except oneself. Forgotten the SOP of trading, DUE DILIGENCE and TRADE at your own risks?

Internal bickering may have a silver lining. That is, it captures many people's attention.

As long as the company's fundamentals are strong, technical charts show positive trend, book order is solid, the infighting a good competition for the most capable management team.

poper1, thanks for sharing