Likely to hit RM1.00 base on last quarter EPS of 3.41 sen and annualised of 13 sen . The PE work out to be only 8, which is consider under value for construction sector.
Comment: MITRA has been trading on a nice uptrend following a decisive breakout from the “Symmetrical Triangle” chart pattern. Short term trend of MITRA remained bullish as it stays above all the short, mid and long term moving averages. Despite the sharp rise in share prices over the past few months, the technical picture has yet to show signs that momentum is waning. Therefore, we suspect that MITRA could extend its rally to close up the gap at RM0.87 fairly soon. Should this resistance be taken out as well, MITRA should move higher to retest the next price target at RM1.00.
About the stock: Name : Mitrajaya Holdings Bhd Bursa Code : MITRA CAT Code : 9571 Key Support & Resistance level Resistance : RM0.80 (R1) RM0.87 (R2) RM1.00 (R3) Support : RM0.75 (S1) RM0.67 (S2) RM0.61 (S3) Outlook : Bullish
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....
Law Yu Shi
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Posted by Law Yu Shi > 2014-04-30 10:16 | Report Abuse
mitra!!! mitra! is coming !!!