Tuesday, 12 May, 2015 1:6 PM Posted by Kevin Scully MIT announced last night that it had won two solar contracts worth S$21mn,    This new contract together with its order book in February 2015 of S$56mn brings it current order book to S$77mn for FY2015.  This already exceeds its FY2014 record revenue of  $64.3mn. The company indicated that the new contracts would contribute positively to its earnings in FY2015.  I am not sure of the margins on the new contracts but we should expect that FY2015 earnings will exceed the record net profit of FY2014 of S$10.3mn.  Despite the rise in the share price to just over the S$0.20 level, MIT shares remain undervalued.   My price target which is still 30% higher than current levels is likely to be revised up with this new contract.  My main unhappiness with the company which ......