Loss Partly due to impairment of machinery so have to look forward to next quarter result Have over RM800M of contra cts in hand n can sustain until 2022 ...so still got hope
They are having an investment at South Africa which can bring revenue and expected completion of 42 units of serviced apartment in 2020 will contribute positively to the Group's revenue and profit in the coming years. However, Base one current situation, not only Mitra, most of the construction sector definitely is not looking good so far.
after the quarter report released the price not much drop, seem like 0.255-0.26 is the bottom already. I am trying to buy some to average down my current holding mitra shares. Hopefully next year getting better.
This company seriously need to start picking itself up. The trade receivable amount is too large. Almost 5 times the quarter revenue. Seriously I really don't know what to do with it anymore. Any sifu can advice? The way I see it there's no hope in this company because the management for some reason has been seriously incompetent over the past few years. This quarter even started with cost of goods solds 15 million more than revenue.
this company still making loss $$ and trade receivable still very high, very hard to collect back $$$ from its client..
i just play for short term will sell if up to 0.35-0.40 before year end.. i do hope there is window dressing for this counter again.. cos i can see some big player already accumulating aggressively this stock from 0.26 - 0.30 recently.. i believe there are going to goreng this counter to one new high soon.. since this counter keep dropping to very low price since its right issue
If really goreng, it should go up or above to last peak around 45+..... I just wait and see first. Even this company assets discount by 50%, you still no losing money at this point.
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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....
Legend
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Posted by Legend > 2019-11-11 16:38 | Report Abuse
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