FITTERS - Final Recognition of Property Division?
Position: YES
In this quarter earning, FITTERS earning has been well lifted with a smaller revenue as compared to previous quarter. This reflect a bigger recognition of previous construction bill (I believed). Looking into the final phase of released, the charging momentum of the Zeta Condo in their Festival Mall project is near coming to conclusion.
Albeit to this, I believed management is not stopping there as it is in property division. Acquisition of companies on a few property project in Rawang reflects the vision of the company for the coming growth of the division. How well of this to support the company? Only times will tell. Looking for a better performance for the stock with mid range PE of 6 - 8.














