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Author: Callmejholow   |   Latest post: Mon, 21 Oct 2019, 11:01 AM

 

Mitrajaya - NEW CONTRACT COMING SOON!??!!

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Here is some interesting news on Mitrajaya Holdings Berhad.

In October last year - they announced a new contract from IMU - a RM 100 mil hospital. Mitrajaya has received a letter of award for the construction of a private hospital in Bukit Jalil, Kuala Lumpur, for a sum of RM99.9mil. In a filing with Bursa Malaysia yesterday, Mitrajaya’s wholly owned subsidiary Pembinaan Mitrajaya Sdn Bhd, was appointed as the contractor for the construction of a seven-storey private hospital with one level basement and a six-storey podium carpark. The contract, awarded by IMU Education Sdn Bhd, which is owned by International Medical University, Malaysia, is due to commence on Oct 15, for a duration of 27 months.

In May this year, they announced the termination of their project in Medini. Mitrajaya Holdings Bhd’s wholly-owned subsidiary Pembinaan Mitrajaya Sdn Bhd (PMJ) has agreed with Medini Development Sdn Bhd (MDSB) to mutually terminated a contract to undertake a superstructure works for an office tower development at Bandar Medini, Iskandar Malaysia, Johor, with a contract value of RM159.39 million. The contract was awarded by MDSB to PMJ on Dec 21, 2016. The project was initially scheduled to be completed on Jan 16 this year. 

So... RM 160mil out of the orderbook.

Then, in June - they announced a new contract from Putrajaya. Mitrajaya Holdings Bhd has bagged a RM90 million contract to refurbish a hotel in Putrajaya. In a filing to Bursa Malaysia, the group said its subsidiary Pembinaan Mitrajaya Sdn Bhd received a letter of award (LoA) from Idaman Putrajaya Sdn Bhd to undertake refurbishment works at the Pullman Putrajaya Lakeside Hotel.

 

Anyways, a little bird told me that Mitrajaya Holdings Bhd will have some positive news very very very soon... 

In fact, they are in the running, or the front runner - for a hill top project in Mont Kiara area. Mitrajaya has been a regular in the area; they have their own development project called KIARA 9... and years back, they were awarded the RM402mil MK22 project by UEM Sunrise. 

So... the next project... hill top, on a hill. 

Own project? Unlikely.

Developer? Perhaps UEM Sunrise? 

 

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Chart Stock Name Last Change Volume 
MITRA 0.27 +0.005 (1.89%) 5,054,900 

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Smartinvestor2030 Post removed. Why?
22/10/2019 3:53 PM
Callmejholow https://www.thestar.com.my/news/2019/11/06/mitrajaya-bags-rm137mil-condominium-contract
06/11/2019 8:54 PM


 

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