1.22 is the solid support line. If you are keen to collect this price and be patient for another hike. Pls refer Inari, Supermx, MyEG (all 3 stocks were not increased immediately even with a good financial report.
tksw ... haha i am not sifu. By the way, it's correction enough to its MA20 level. This shall be a good support for the next wave higher... That's why i say within this week it will be moving upwards ... This week has not end yet...
Just my opinion. I am not a sifu. I am still a newbie in market. Since Mitrajaya has just completed one for two bonus issue as well as warrant D, many investors have made money if they bought prior to declaration of these issues. As such many would like to take profit and offload Mitrajaya for various reasons. However, those who are still holding Mitrajaya, please keep it as the 4th quarter results will be even better than 3rd quarter, giving it a boost further in price next year February. Hong Leong Investment Bank predicted trading price for Mitrajaya will be around RM1.90 and if you do not need any money, please continue to hold till February 2016
more more far from holland... hahaha... many construction stocks fly/up. Kimlun, Gkent, Suncon, Gadang etc... Only baby Mitra never up hahaha... waiting for what i am not sure...
Is the quarter result not good ? No mah... so good... But why? Then also it got the project after quarter result announcement... Still not enough meh... haha...
Assume the projected Q4FY15 EPS = 5 cents Q3FY15 EPS =4.08 cents (result announced on Dec 2 2015) Q2FY15 EPS =5.75 cents Q1FY15 EPS =3.4 cents Thus the whole FY15 EPS = 3.4 + 5.75 + 4.08 + 5 = 18.25 cents
Using PE of 10, FV/TP = RM1.825 The projected whole FY16 EPS = 4 X 5 cents = 20 cents. FV/TP = RM2.00
A few days before the Dec 2nd result came out, its price at one stage was at RM1.30. Since Gadang's result came out, its price has appreciated more than 20 %. So Mitra should appreciate by at least over 20 % too from RM1.30. So to reflect its fundamentals, it price should at least at between RM1.50 and RM1.60 by now. Mitra is a real laggard compared to Gadang. People with longer term view should collect more of Mitra. At 1.22, its current PE is only 6.6
Mitra still can make good quarter result one since it still has order book 1.6bil... The managements are good to consistently maintained mitra profit so many quarter. Even if next quarter, i still believe they can make it ...
hahaha... tksw... me too wonder leh... bo huat lo... Since nobody interested. Now construction counters mostly take a break already. I don't think it can move already today. However, if it can of course something to cheer for today. But i see KLCI already nearly breached down it's major support at around 1645... Short term bearish in the market already. Where is value cap ? never inject & push up KLCI pun... haha
Must dare dare accumulate ... this is the golden chances. If 1.20 and above we dare to buy, why not now? haha... Accumulate batch by batch till its gear to start up!!!
winPLUSwin sifu, Thanks for the advice, below 120 is quite difficult to get. only when market is full of fear like last 2 days. but by then it is scary to buy. only bot 1000 units at 117 the other day with courage.
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....
alex4321
48 posts
Posted by alex4321 > 2015-12-02 20:17 | Report Abuse
Can explain 3qr report release???hav anything change?