28 & 29 dec volumn and 3 jan volume already told you that accumulation mode is on so just buy some and keep, strong support at 0.765....i did buy some at 0.8
The Board of Directors of Mitrajaya Holdings Berhad (“MHB” or the “Company”) is pleased to announce that its wholly owned subsidiary, Pembinaan Mitrajaya Sdn Bhd (“PMJ”) has on 9 January 2018 accepted the letter of award from Putrajaya Homes Sdn Bhd for the appointment of PMJ as the contractor for the main building works at Precinct 17, Putrajaya. The main building works are for the construction of 404 units public apartment “Perumahan Penjawat Awam 1 Malaysia” (PPA1M) inclusive of 1 block multi-level parking, 1 surau and common facilities for a sum of RM103,050,965.00 (exclude GST) only (“the Contract”).
No more cost overrun for Fy18 and a possible gain from early handing over fees. FY18 has healthy orderbook backing. The risk is one of the projects in FY18 has cost overrun again or gearing issue.
TNB shortlists 15 developers for Bangsar land, say sources TheEdge Mon, Feb 26, 2018 - 1 hour ago
PETALING JAYA (Feb 24): Tenaga Nasional Bhd (TNB) has shortlisted 15 companies to develop its 3.8-acre parcel at Bangsar and has given them a briefing on the project, reported The Edge weekly citing sources.
However, this list is understood to not be final, as the state-run power company is looking at adding more candidates — up to a further five, with firms in the running including Malaysian Resources Corp Bhd (MRCB), IJM Corp Bhd, Muhibbah Engineering (M) Bhd, Mitrajaya Holdings Bhd, Chase Perdana Bhd, Sunway Construction Group Bhd, Zelan Bhd, WCT Holdings Bhd and China State Construction Engineering Corp.
The Bangsar development is understood to be a mixed-use project comprising a 45-storey corporate tower, a 57-storey building with serviced residences and a hotel, and a 2-storey commercial component.
The parcel of land is located near KL Eco City, between Jalan Pantai Baru in the north and the Federal Highway in the south, with the size of the land described as 3.8 acres in an agreement signed by TNB and Bayu Mantap Sdn Bhd in June 2016.
Bayu Mantap is controlled by developer Melati Ehsan Holdings Bhd’s largest shareholder Tan Sri Yap Suan Chee and his family. Yap holds a 50.01% stake in the listed company.
While the main project has not been awarded yet, the smaller jobs within the development have already been awarded.
For instance, MRCB has secured a RM40 million contract to build a Balai Islam and staff quarters under the first phase of the TNB headquarters campus development at Jalan Bangsar.
Other parties involved in the development of the site are Turner Construction Company, which is serving as project manager.
Notably, it is also managing Permodalan Nasional Bhd’s PNB118, a high-rise building of over 600m that, upon its completion, will be the tallest building in Southeast Asia.
Meanwhile, international architecture firm Woods Bagot has also been drafted into the project.
It is also involved with the designing of TNB’s new corporate headquarters and is expected to deliver a new campus workplace.
February 5, 2018 12:15 pm JST INTERVIEW: Malaysia Mitrajaya Aims To Secure MYR1.2 Bln New Orders This Year-Finance Chief
By Gho Chee Yuan Nikkei Markets KUALA LUMPUR (Feb 05) -- Mitrajaya Holdings, a Malaysian construction and property firm, is aiming to secure 1.2 billion ringgit ($310 million) worth of new orders in 2018 as the Southeast Asia's third largest economy undertakes massive projects to boost infrastructure, its chief financial officer said.
The company is currently bidding for domestic contracts worth 3.3 billion ringgit, Cho Wai Ling told Nikkei Markets. Mitrajaya Holdings secured 1 billion ringgit worth of contracts in 2017 and the construction sector's outlook remains positive with more projects rolling out, she said.
"We are looking at East Coast Rail Line and our construction arm is successful in the pre-qualification evaluation," she said. However, crimped with a shortage of skilled manpower and weighed under higher labor cost, "we expect construction margin to reduce and (we will) mitigate (that) by increasing revenue," she said.
Malaysia is embarking on a slew of infrastructure projects, including expansion of the mass rapid transit network and new constructions ranging from airports to expressways. The East Coast Rail Line alone is expected to cost about 55 billion ringgit.
Malaysia had earlier appointed China Communications Construction Company as the main contractor for the 688-kilometer rail track that runs from Port Klang, Malaysia's main sea port, to Pengkalan Kubor bordering Thailand.
For 2017, Mitrajaya's revenue is likely to top 1 billion ringgit, although pre-tax profit could be lower due to cost overrun at one of its projects, Cho said. Mitrajaya has outstanding orders totaling 1.79 billion ringgit that will keep the company busy until 2021, she said.
"(The) property division is expected to contribute higher revenue and profit especially from Wangsa 9 project," driven by the unbilled sales of 207.4 million ringgit, which could be booked until 2019, she said. This year, Mitrajaya plans to launch property projects worth 318 million ringgit, Cho said.
New launches planned for 2018 include Block A of Wangsa 9 Residency in the first quarter with estimated gross development value of 300 million ringgit and a 24 unit shop-houses in the southern state of Johor worth 18 million ringgit, she added.
Shares of Mitrajaya, which have shed 20.5% over the past 12-months, are currently trading 0.5% lower at 0.96 ringgit apiece. - By Gho Chee Yuan;
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3141 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Superb99
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Posted by Superb99 > 2018-01-02 16:46 | Report Abuse
this counter looks like poor momentum, really buat wayang last fri