Mitrajaya's forte has been in construction. Its outstanding order book has risen to RM600mil post-win, providing revenue cover of slightly over a year.
KUALA LUMPUR: Mitrajaya Holdings Bhd
’s recent RM200mil-contract win from Putrajaya Development Sdn Bhd is expected to have thin margins despite reducing replenishment risks in the immediate term.
Given that Mitrajaya’s last contract was more than a year ago, Kenanga Research is optimistic about the sizeable contract which would exceed its financial year 2021 (FY21) estimated target of RM150mil on the back of aggressive tenders to sustain operations.
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