this counter cannot get uma, because construction sector is already been upgraded to overweight by research houses, and mitra is also a top pick,, under research counter
Malaysian Parliament has approved the RM38.4 billion High Speed Rail that will be built between Kuala Lumpur and Singapore. Official first tender will be called soon this year and construction works expected to kick off in 2016. The Government of Malaysia has also set up MyHSR Corp Sdn Bhd as the developer for the project, similar to Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) for Klang Valley's MRTs
MITRAJAYA HOLDINGS BERHAD (“MHB” or “the Company”) Proposed Renewal of Authority for the Company to Purchase its Own Shares of up to 10% of the Issued and Paid-Up Share Capital (“Proposed Renewal of Share Buy-Back”)
Voonyoke. So sorry Im new here and still in the process of learning. Is that indicates the demand will be high on tomorrow as the Mitra intends to buy back 10% of its shares and caused the share price going up? Thanks..
Dear Eli Chow, share buy back by the company will be done in stages. At this moment, it is just a proposal that has to be approved. Tomorrow very likely will be up because of Dow Jones up. Any price of RM1.80 and below better accumulate as many as possible and HOLD. I forecast it will ex-bonus/free warrants at around RM2.00.
If got new contract, then it will trade above 1.90. But now nothing is announced. Even the ex-bonus/free warrants proposal to be forwarded to Bursa Malaysia also not yet.
Word is finally out! 11MP will be officially announced in parliament on 21st May 2015. Which construction company is the ultimate winner? Hope Mitra can get some projects.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cirref
105 posts
Posted by cirref > 2015-04-08 15:20 | Report Abuse
funds buying in