KUALA LUMPUR: SP Setia, Mitrajaya, PRG and Ancom could see trading interest on Monday after their corporate announcements and news reports, says JF Apex Research.
It said SP Setia, PNB and Amanahraya Trustees Bhd had last Friday signed a non-binding memorandum of intent to start talks on SP Setia’s proposed acquisition I&P Group.
I&P has 4,263 acres of landbank and the indicative price is between RM3.5bil and RM3.75bil.
Mitrajaya won a RM273.8mil contract to build a centre of excellence along Jalan Dato’ Onn in Kuala Lumpur.
Vizione returned to the black in 3QFY17 with a net profit of RM152,000, against a net loss of RM513,000 a year earlier;
Mitra deserve to be recognized, as it manage to book 3 big project within 6 month, this show resilient management.. good job Mitra we suport you all the way. next TP 1.8 RM.
Mitra share should fly up by now, perhaps it take time to investor to recognize its value, the share price now is undervalue.. with this new project, Mitra definetly should fly high..soon
Just to share.Basing on the Technical Charts - Moving Averages(MA),Moving Averages Convergence Divergence(MACD) and Relative Strength Index(RSI) we can deduce the followings: 1. MA showing the stock downtrend to continue a little while longer. 2.MACD line moving below the Signal Line indicating bearishness of the stock.Not signalling buying yet! 3.RSI chart showed the stock is oversold.
Unfortunately,with the spate of good news like better 4-QR performance and new tender win of more than RM 267million the price is still caught in the bearishness mode.Hopefully after the consolidation mode is over, strong uptick in price can be achieved to reward the loyal investors who were holding the stock.
Patience and fortitude in stock investing is the way to go to gain better monetary returns.:-)))
Recently,the stock trading is high.But the MA trends downwards,MACD line below Signal Line portending bearishness and RSI showed in the oversold position.
Today there is some sign of price momentum and hopefully it can be sustained.Barring any not positive global development the stock price should show reasonable recovery as what the FA analysts expected.
Not sure why Mitra is not moving up as it should, useless stock when the company score new project and give nothing back to the shareholders,,, devident is never enough..
Good performance + good projects & deliverance of jobs still cannot push up market price due to ESOS. Many staff exercise their rights to buy at much lower price to take advantage of higher market price to gain immediate profit by selling their entitlements. ESOS is bad for company's share price.
What is the point for the company to announce commendable profits every quarter but not taken credit by the market where it matters??? Comparing with many other companies the stock price will move in tandem with the announcement of good profit performance,getting new projects,etc.But not this company- sleeping for far too long???During the recent bullish run in Bursa this stock is a great laggard!
2.Or is it something wrong with the way they manage investors' relations? Or the dividends to be paid out to shareholders? For example Southern Steel after announcing their QR yesterday,the dividend date payout was also announced.( shareholders will received their dividends in mid-May 2017).Or maybe there is some other reasons/information that the public shareholders was not informed?
Suggests this company has to improve on the way they manage communications with the mass media,investors and the likes.
Hope to see better days for everyone holding and owning this stock:-)))
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....
Greedless
127 posts
Posted by Greedless > 2017-04-16 11:37 | Report Abuse
ooi kok hwa said hiong hiong ki!