Mitrajaya Charity Run 2017 is going to be held at Taman Wetland Putrajaya on 8 Oct 2017 by Pembinaan Mitrajaya Sdn Bhd. It aims to raise funds for National Kidney Foundation Kiwanis Down Syndrome Foundation Malaysian Nature Society and St. John Ambulans Malaysia Kawasan Selangor Selatan whilst creating awareness of the underprivileged people.
MITRA scored two contract on 7 sptember 2017 worth about RM400 milions,,, how come the share price is not moving up? i guess operator are collecting,, soon will have to fly up...
Epf is buying cheap share low pe profitable company earning every quarter. Revenue increase if pengarang project over they still got this revenue profit won't b so low.
Such stock counters ONLY for retirees. 2.From observation,to make capital gains on this stock is very difficult. 3.Annually,dividend is only 5cents per unit share. 4.Even with the company garnering new projects the stock price can hardly move.In some trading periods even went down.Sigh:-((( 5.If on fundamentals,this construction stock as a medium size contractor is fairly good.
Outcome: Retirees have plenty of time and patience to wait.Suitable for them.
lots of penggoreng Q at 1.07-1.08. hehe after they kenyang then they say mitra best company in the world. for now they say mitra buang laut so they can buy
@investodiva, my viewpoint is that malaysia retail investor are mainly short term players and short term view of mitrajaya is not good now considering RAPID project is hit with cost overrun. Thus, next 1 to 2 quarters results is expected affected badly. However, in a long term view, nothing much changed yet, considering property unbilled sales is increasing, land for property development doubled and orderbook could reach new highs considering that is already roughly 800million this year. Anyways, every construction company is bound to have cost overrun for some of their projects and we as retail investor should inquired further on the reason of the cost overrun.
Just to save you some of your time, the cost overrun was due to MITRAJAYA management not being aware that their client,PETRONAS has a new consulting firm for their project this time around. The new consulting firm has request a higher level of safety requirement which mitrajaya was did not expect as MITRAJAYA has previously hand over a project to PETRONAS with no such requirement.
@GM68 one can view the Technical Price Charts for a guide to know whether the price can go up or not.Or to Sell,Buy or Hold. 2.Presently,the Technical Price Chart shows that the stock price is in consolidation mode after a sharp sell-down on 29 August after the QR announcement which was poor vis-a vis y-o-y and q-o-q. 3.The MACD chart shows the stock is presently bearish.Buying support momentum for the stock is not strong. 4.RSI chart shows the stock is now oversold. 5.Winning the new projects will not move the stock price as shown by past similar announcements.
Outcome: Will take awhile for the stock price consolidation which will move within a narrow range +- 2.0cents.Unless there is strong market news that can reverse the price trend from sideways or downward.Just to share:-(((
Thanks @dunspace, "the cost overrun was due to MITRAJAYA management not being aware that their client,PETRONAS has a new consulting firm for their project this time around. " cant mitra charge back to petronas, due to change order or requirement change?
EPF is just selling some shares la, not all of it. Sometimes, EPF press down price to make it more attractive to buy. I would say start collecting now...
@investodiva, if i could answer that, i would already all in MITRA at this price... on the other hand, this project is already at 70% completion stage, early handing over claims is highly possible. I will check again around November to make sure about this.
Side note: I don't know why so many retail investors thinks that EPF is running away from this stock, from what I remember, EPF owns 5.9% of MITRA before the QR result and now they still own around 5.9%.
Mitrajaya used to be my top stable stock in my combination...Dividen also cukup makan...now this become most unstable stock....my penny stock is better than this lao sai stock lorrr...dividen all give back already..
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Posted by Thiamhuat Too > 2017-09-08 23:11 | Report Abuse
good stock