fundamentally very good counter which was a victim of the technology sell down recently.

Bintai Kinden Corp Bhd announced today its wholly-owned subsidiary, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK), has secured two contracts from Tenaga Nasional Bhd (TNB) worth RM33.95 million in total.

Based on yesterday’s negative closing, investors remain uncertain over the stock despite its low valuations, currently at its year’s low. Some bullish price action in the early session reflected a pick up in buying interest before the counter succumbed to further selling.
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Nevertheless, the technical indicators showed improving momentum although trading volume remained unexceptional suggesting a significant interest in the share had not yet built up.