A bit of research about MITRA

Company Profile
Mitrajaya is now a multi-national conglomerate with businesses in a diverse range of industries, among them, construction, property development, international projects, manufacturing as well as healthcare.This five business segments operating in two principal geographical areas.
In Malaysia ~ civil engineering, building and road construction works, property development and healthcare.
In South Africa, it involved in civil engineering, construction works, property development and golf management.

Financial Result

For 4Q09, Group’s revenue has increased substantially by 235% to RM156m as compared to RM46.5m in the preceding year’s corresponding quarter. It was mainly derived from higher revenue recognition from construction division from both on-going and completed projects. Better sales performance from Group's property projects has also contributed higher revenue in the current quarter .

On the back of higher revenue, the Group has recorded a significant high profit before tax of RM25.4m in the current quarter as compared to a profit of RM0.7m in the preceding year’s corresponding quarter.

For financial year 09, net income of RM41m can be translate into EPS of RM0.33.

Technical Outlook
Stochastic crossover at below 20% mainly due to the sharp rise yesterday. Still waiting for MACD for a safer entry into this stock. Stop loss at RM1.00.

Stock Valuation
With closing price RM1.10, it is trading at P/E 3.3. Seems to be very attractive for me.

Overall
I'm not sure if high profit margin from last two quarter will keep going in future. If it does, i think MITRA is a FIRM BUY.