Thursday, December 30, 2010

Mitrajaya up on RM53m Subang airport project

KUALA LUMPUR: Shares of MITRAJAYA HOLDINGS BHD [] climbed in early trade on Thursday, Dec 30 after its unit secured a RM53.5 million hangar CONSTRUCTION [] contract at Subang Airport.

At 9.13am, it was up seven sen to RM1.28 with 246,300 shares done.

The FBM KLCI rose 3.65 points to 1,527.99. Turnover was 75.36 million shares done valued at RM63.12 million. Advancers beat decliners nearly four to one, with 190 gainers and 54 losers.

Mitrajaya's unit Pembinaan Mitrajaya Sdn Bhd had accepted the contract to build five hangars, a two-storey multipurpose building, two electrical substations and one guardhouse at the Sultan Abdul Aziz Shah Airport.

It said the contract was for 10 months from Jan 1, 2011 and was expected to contribute positively to its future earnings.


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