KLCI - MITRA - 9571 - Feb 2015 Update

UPDATES...
MITRA continues to demonstrate robust revenue growth as reported in latest quarterly report @ 24-Feb-2015, on track to become one of few bright stars in KLCI in coming quarters. In this post I will conduct a comparison between my prediction vs actual financial performance, new contract secured and new price target ...


STOCK PERFORMANCE ...
The last price is RM1.61, up 70% from RM0.95 since Dec 2014 update, and a whopping 170% from RM0.59 since my first post about MITRA ...

PERFORMANCE COMPARISON...
MITRA recorded net profit of RM53 million and eps of RM0.136 based on latest financial report. If compared to my prediction from previous post, the error is merely ~4% whereby my prediction for net profit is RM56 million, with eps of RM0.14. Bravo !!!
 

NEW CONTRACT & UPDATE...

MITRA secured another contract worth RM229.9 million in Jan 2015, great addition to its already huge order log.

Using small cap PER of 7, the price target for MITRA is going to be RM2.90 ended financial year 2015. With current PER of 12, RM5.00 is within reach. =D

Lastly, at your own risk of course ... Happy investing ... =)