Posted by alvinng58 > 2014-05-31 13:43 | Report Abuse

What is the strength of mitra? Can I go in next week. Any opinion? Tkx.

Posted by cmchin > 2014-05-31 15:14 | Report Abuse

Any benefit list as Syariah?

Posted by AABBCC > 2014-06-01 00:26 | Report Abuse

look like start fly start next Monday, but not sure ....... collect enough?

Posted by Joel > 2014-06-01 08:48 | Report Abuse

Mitrajaya’s earnings have reached an inflection point after its core net profit (netting off the RM4.2m land disposal gain in Rawang) grew significantly by 40% to RM25.1m in FY13,

driven its construction and property divisions.

According to the management, its orderbook has reached its all-time high of RM1.2b (3.3x to FY13 revenue),

140% higher than that of its previous historical high of RM500m.

As for its property division, there is RM80m locked-in sales, which will be recognised this year and about RM146m ready stock yet to be sold.

Based on our conservative analysis, we forecast Mitrajaya’s core earnings could at least report high double digit net profit growth of 52% and 31% in FY14 and FY15.

This is substantially higher than that of our construction universe’ aggregate FY14-FY15 earnings growth forecast of 16%-9%

Posted by Joel > 2014-06-01 08:50 | Report Abuse

Tenderbook of RM1.75b, targeting to win at least RM300m this year.

Tenderbook includes:
A.Petronas RAPID project (RM600m),
B.building works for Ikano Cochrane (RM350m),
C. infra projects for ECERDC (RM300m),
D. building works for Bandar Setia Alam (RM300m),
E. and building works for Putrajaya (RM200m).

F.The management expects to win at least RM300m this year and that,

Believe that it will be coming mainly from building works in Putrajaya and other infra projects.

Note that Mitrajaya has established a long-term relationship (10 years) with Putrajaya Holdings through its excellent project delivery track record.

The latest project they secured with Putrajaya Holdings Bhd was the RM427m MACC Building last year.

With this track record and background, Mitrajaya is well-placed to win more contracts from Putrajaya.

Posted by Joel > 2014-06-01 08:52 | Report Abuse

Key catalyst for property division:

Wangsa Maju. Mitrajaya will be launching a property project comprising 3-blocks of luxury condominiums in Wangsa Maju starting 4Q2014.

Total GDV for the whole project is estimated at RM650m and it is located right opposite Wangsa Walk Mall and is only 150m away from Sri Rampai LRT station.

Despite the property cooling measures, this project will achieve strong take-up rates due to the strategic location.

According to the management, 1st phase of the project will be around RM200m and expect this project to contribute significantly from FY16 onwards.

Posted by Joel > 2014-06-01 08:53 | Report Abuse

Other businesses to support earnings growth.

Mitrajaya has other businesses, including

(i) a 51% stake in Optimax Eye Specialist Sdn Bhd, one of the largest optical companies in Malaysia and

(ii) 152 acres of bungalow vacant lots and 18-hole golf course in South Africa.

The former contributes about close to RM1.0m last year while the latter contribute about RM5.0m last year mostly through land sales.

It could maintain the same quantum of last year’s profit through land sales.
These two divisions will likely continue to support its earnings growth in the foreseeable future.

Posted by Joel > 2014-06-01 08:54 | Report Abuse

Forecasts.

Net profit to grow by 52% and 31% in FY14 and FY15 to RM38.3m and RM49.9m, respectively.

The earnings growth is based on the following assumptions:

(i) orderbook burn rate of 33%-35%,
(ii) new contracts assumption of RM300m per annum,
(iii) unbilled sales of around RM80m coupled with expected new sales of RM50m-RM115m in FY14-FY15

Posted by Joel > 2014-06-01 08:56 | Report Abuse

- Fairly valued at RM1.13, TRADING BUY.

1. Reckon that this under researched stock, Mitrajaya, is one of small-cap stocks with good growth prospect that worth considering given its visible earnings growth prospects.

2. At current price, Mitrajaya appears very cheap as it is only trading at Fwd-PER15 of 6.0x against its small-cap peers average Fwd-PER of 8x-10x.

3. Benchmarked at 9x fwd-PER on FY15 earnings,

4. Mitrajaya is fairly valued at RM1.13. TRADING BUY, as the stock offers 50% potential upside.

Posted by lhoong > 2014-06-01 09:35 | Report Abuse

BUY

Posted by Joel > 2014-06-01 21:06 | Report Abuse

Buy to keep 4-6 months.

Posted by genexern > 2014-06-02 08:45 | Report Abuse

look like a minor technical rebound today. good to sell at 0.855.

Posted by Marcus Beh > 2014-06-02 10:35 | Report Abuse

Contra ppl must running Liao hihihihihi

Posted by Law Yu Shi > 2014-06-02 10:44 | Report Abuse

no much movement today ... hahaha

Posted by joelvooka > 2014-06-02 11:47 | Report Abuse

gonna shoot thru the rooof!!

Posted by genexern > 2014-06-02 11:59 | Report Abuse

keep dropping hihi

Posted by Marcus Beh > 2014-06-02 12:27 | Report Abuse

Mitra is very strong support base hihihihihi

Posted by Law Yu Shi > 2014-06-02 12:57 | Report Abuse

time to collect more.... before too late...

Posted by genexern > 2014-06-02 12:59 | Report Abuse

more appropriate to sell now and buy back under 0.80

Posted by Marcus Beh > 2014-06-02 14:18 | Report Abuse

I thing no more Mage sell like 0.80 and below hihihihihi

Posted by genexern > 2014-06-02 14:32 | Report Abuse

i dont think so. big sharks are willing to big throw at 0.835 now means lowest price must be at least 5% discounted from 0.835, which is equal to 0.793. may be worse to test 0.75.

Posted by Marcus Beh > 2014-06-02 14:50 | Report Abuse

Base on before .935 compare to current .835 is more that 10% discount to you Liao hihihihihi come on lar let mitra up up up

Posted by Joel > 2014-06-02 15:02 | Report Abuse

good to collect mitra now.

Posted by genexern > 2014-06-02 15:13 | Report Abuse

correction is correction, positive thinking wont save you. anyway I do agree that mitra worth to hold, if you are a real long term investor.

Posted by Marcus Beh > 2014-06-02 15:20 | Report Abuse

Genexern thanks for advise ... U and mi huat ar together hihihihi

Posted by vegebotak > 2014-06-02 15:55 | Report Abuse

sure below 80 cts will go..... only worth to pick up at 70 cts.....

Posted by Marcus Beh > 2014-06-02 16:44 | Report Abuse

Wait and see hihihihi

Posted by SilentBird > 2014-06-02 16:55 | Report Abuse

Price correction.. It is sensible.. Accumulate more lo..

Posted by sweecheng > 2014-06-02 18:18 | Report Abuse

today buy buy 2mo also buy buy!

Posted by FlappyBird > 2014-06-02 19:05 | Report Abuse

shares buy back in action.

Posted by siye > 2014-06-02 23:27 | Report Abuse

【跟庄技巧】庄家如何压低出货露花招

2013年02月08日 14:08 来源： 金融界网站

　　建立在“反市场”心理的基础之上，将股票的价格由高点一路杀降下来，“压低出货”可以说是主力手段中最凶狠、毒辣的招数。

　　“压低出货”意指庄家将股价炒到相当高的高点后，使劲把所有筹码往市场上“倒”，逼使股价像直线一样下跌，以无反弹、无盘整的姿态来完成出货。

　　在股价上升的初期，庄家有一拉升，线路呈现阶梯式的盘涨，并创新高点的假象，然后跟进者误以为庄家出货为自然回调而“抢反弹”，致使跟进者套牢在高位。这就是“压低出货”的陷阱。这一陷阱的形成原因主要是因为是庄家利用盘涨的走势，引诱新手上当。即使在倚重技术分析的“线仙”高手，也会误认为主力出货为正常回调，买进而落入圈套。所以投资者必须小心谨慎为好。

　　大多数投资者可能都曾经领教过这毒辣的招数，所以很多庄家，为了塑造好的形象，建立群众基础，在不到“万不得已”的情况下，极力避免使用这种杀伤力过大的手段出货。

　　综述：投资者在投资股票的过程中，要学会精准判断市场行情，掌握过硬的看盘本领，了解庄家动向。不要盲目跟风，避免落入“压低出货”的陷阱。

Posted by Marcus Beh > 2014-06-03 00:31 | Report Abuse

谢谢分享。。。真的是赚到！

Posted by Joel > 2014-06-03 12:45 | Report Abuse

MITRA, which we value the stock at RM1.13/share, is an under-researched small-cap construction gem for its compelling valuation, record high orderbook of RM1.2b and 30%-50% explosive annual earnings growth next year.

Posted by genexern > 2014-06-03 13:16 | Report Abuse

big sharks just dont care about this. since they collected so many shares starts from 0.425, even if they sell down to 0.60 they still earn.
what siye shares with us is the worst case scenario, which if Mitra turn red and close lower today, will prove he's right.

Posted by riff > 2014-06-03 15:29 | Report Abuse

hahah, I cant believe it, Marcus still bothers to collect? Lmao

Posted by Marcus Beh > 2014-06-03 15:52 | Report Abuse

Ah Piow is my brother lar hihihihi

Posted by riff > 2014-06-03 15:53 | Report Abuse

EPTan ate ur money liao, now he go vacation to England

Posted by Marcus Beh > 2014-06-03 16:00 | Report Abuse

Riff u are wrong actually ah Piow with mi going Hollywood wakakakaka..

Posted by riff > 2014-06-03 16:25 | Report Abuse

hahaha lol

Posted by Shaken > 2014-06-03 16:29 | Report Abuse

If drop than why wanna buy back at 0.845 ?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1643985

Posted by vegebotak > 2014-06-03 16:53 | Report Abuse

BUY BACK SHARE IS 1 OF THE TACTIC......

Posted by vegebotak > 2014-06-03 16:53 | Report Abuse

they will press down the share price to buy back shares.....

high price how to buy ?? they will buy lower n lower....... pls check Parkson scenerio... same.....

Posted by Marcus Beh > 2014-06-03 18:15 | Report Abuse

good player in behind hihihihi

Posted by Shaken > 2014-06-03 19:10 | Report Abuse

So Marcus ... Keep or throw ?

Posted by genexern > 2014-06-03 19:10 | Report Abuse

big sharks keep offloading, want cash dont wan stocks

Posted by Marcus Beh > 2014-06-03 22:00 | Report Abuse

Depend of your holding power hihihihihihi

Posted by Shaken > 2014-06-03 22:21 | Report Abuse

So need to hold till when ? I'm new yeah hihihi

Posted by Marcus Beh > 2014-06-03 22:26 | Report Abuse

I thing no more 0.80 hihihihihi

Posted by Shaken > 2014-06-03 22:30 | Report Abuse

Haha so tomorrow up or down ? :)

Posted by Marcus Beh > 2014-06-03 23:55 | Report Abuse

Up up up down down down and down up down up after that shoot to sky lor hihihihihi