Mitrajaya is principally involved in Civil Engineering, building and road construction works, supply of construction material, manufacturing and sale of premix, etc.It reported today its 4th Quarter earning ending December 2009 of 14.6 sens per share. Total earning for 2009 is 33.61 sens per share. Net Asset per share is Rm2.06, it closed today trading at 68 sens. Looked cheap.
Its long-term chart is forming a double bottoms. Mitrajaya has started to buy back its own share since February 2005. It bought back another 93,800 shares today at 68 sens. Cumulative treasury shares to date is 7.257 millions shares. A good stock to keep.
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