From what I know their project I can say 80 to 90 percent government job. Collection might b slow due to government also very tight at the moment soon or later they able to collect unlike other construction company. Can see they business keep growing n own development is coming up definitely profit will be higher nothing to worry.
Epf keep buying n big boss holding about 40% soon something will happen my personal view this company can invest unlike those glc company. For construction line one of the growing fast company.
MITRA’s uptrend remained INTACT and the stock is poised for a LT objective at RM1.72.
Maintains BUY Rating@MITRA with an Institutional Target Price at lease RM1.89.
BEGIN ON 2H 2017, we continue to like Mitrajaya for its strong construction orderbook that will ensure sustained earnings growth over the next two years. Furthermore, its orderbook replenishment prospects given its strong delivery track record.
1st Qr. FY2017 MITRA's Construction division 's revenue has increased by RM80.65 million (48.8%) to RM245.76 million from RM165.11 million in the preceding year corresponding quarter. The profit before tax has also increased by RM4.63 million (30.8%) from RM15.03 million to RM19.66 million.
The higher revenue recognition was reflective of the work progress from our sizeable order book. The construction activities are at its advanced stage allowing the recognition of higher level of revenue and profits.
Property Development The Property development division has contributed higher revenue of RM42.05 million in the first quarter of 2017, an increase of RM16.42 million (64.1%) as compared to RM25.63 million in the preceding year corresponding quarter. As a result of significant profit (RM9.86 million) derived from the compulsory land acquisition, the profit before tax surged by RM9.14 million (157.0%) from RM5.82 million to RM14.96 million in the current first quarter.
@cjlim.. Allow me to correct your statement.. MITRA has booked a total worth of RM3b for a few projects.. Normally the chances of winning the contract is 20%.. Not 1 project for 3b..
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Posted by Echo > 2017-07-20 22:12 | Report Abuse
这么多年收不到的账既然败账少之又少,真的会让人心生疑虑。