Financial qtr out end of Feb, now already start moving with bigger vol.
With court case receiveable money abt RM39.5million + big projects worth more than RM440million secured last year, Bintail is worth much more.

Yes, big player join in the boat. More buying strength to move upwards.

In 2015 May after financial qtr result RM9.8million out bintai share price fly from 0.21 till 0.45. Up more than 100% but Jun 2016 qtr result lost abt RM10million + adjusted financial report makes bintai share price drop below 0.20.

Now the next qtr result not yet out, only coming out in Feb, price already moving up steadily towards 0.25 - 0.30+.

With the latest winnning court case money total abt RM39.5million+ with interest, Bintai NTA will be adjusted much more higher than current NTA 0.28.

Compare with AWC stock, its share price rose from 0.38 till about 0.98 due to winning big projects and strong financial qtr profit result.

If Bintai can match AWC price performance will be great.

Wecan2088: u refer to latest new project in SG?

The Singapore project secured this year by Bintai is way more than RM80million.. Bintai
get RM261.42million from SG project this year.

RM31.42million - Mar 2016
http://www.thestar.com.my/business/business-news/2016/03/17/bintau-kinden-secures-singapore-project/

RM13million - Mar 2016
http://themalaysianreserve.com/new/story/bintai-kinden-gets-rm13m-contract-%E2%80%A8from-singapore

RM169million - Sept 2016
http://www.thestar.com.my/business/business-news/2016/09/04/bintai-kindens-subsidiary-gets-rm169mil-spore-hospital-job/

RM48million - Sept 2016
http://www.thestar.com.my/business/business-news/2016/09/21/bintai-kinden-bags-a-rm48mil-job-in-singapore/

Strong buying at 0.22 during closing time after 4pm. With abt rm441million project secured this yr + receivable cash from winning court case abt rm38.5million, Bintai share price should much more higher than 0.30. Bintai highest price last year 0.45 and this year highest 0.375.

Those follow/read the news and financial result for Bintai, its NTA 0.53 in Feb 2016, but in Jun 2016, its NTA was adjusted to 0.26 due to loss of abt RM10million for its quarterly financial result and also changes of financial report to exclude the pending receiveables of the court case amt abt RM31million.

Now with the latest confirmation of winning court case amt RM28millions + interest, Bintai NTA & share price expected to adjust back higher in its coming financial qtr result in Feb 2017.

In 2015 feb-Mac, Bintai share 0.22 went up to 0.35, RM6.04million net profit reported in its financial qtr result and later in May 2015, its price from 0.21 shot up till 0.45 in just one day because of its financial result return back to strong profit total of RM9.8million.
Its price later consolidated down to 0.32 lvl.

Bintai share price should be much more higher with its adjusted NTA and fair value.

Receiveabe from winning court case RM28million + 5% interest for 7.5 yrs (interest rate of 5% per annum from 3 June 2008 up to 9 March 2016)
total abt RM38.5million.

Bintai total no. of shares 214.59million

The receivables translated to Bintai share price is additional gain abt 0.179 sen.

Bintai latest financial qtr result NTA is 0.28. Its nta if include the latest receiveable will be abt 0.45.

Above is just my own estimation calculation, pls contact your own remisers to get the confirmation info.

Price went up with strong buying vol and strength after 4pm bfr closing up till 0.21 and close at 0.205. +ve uptrend sign.

Net profit RM9.8 million in 2015 fin. qtrly report make the share price jump from 0.25 till 0.45 over subsequent day.
This latest receiveable RM28million+ from court case is much more higher and should contribute +ve to share price as well.

Buying Vol strong today.

Won court case with huge sum of money into company receivable yet price still not moving much.
Its next quaterly result will be much higher eps and profit.

Bintai share should worth more than 0.30+ with the RM28million++ received by winning the court case.
Its consider as direct profit added into next financial qtr/year end result resulting in higher EPS

For the financial year ended March 31 2015, Bintai Kinden’s net profit surged to RM6.04 million.
Bintai surged 55.56% or 12.5 sen to 35 sen with 11.36 million shares done.

http://www.sharetisfy.com/2015/05/bintai-6998-bintai-kinden-surges-5556.html

Receiveables from winning court case of RM28million + 8yr interest 5% pa. is abt 3x profit as financial result ended 31/3/15 of Rm9.8million.

On 28 May 2015, Bintai released its quarterly report for the 3 months ended 31 March 2015 with strong net profit of RM9.8 mil. As a result, share price saw a huge spike from approximately 25 sen to as high as 45 sen over subsequent few days. Share price has since come down and is now trading at approximately 32 sen.

This announcement is dated 14 March 2016.
======================================================================
Description Bintai Kinden Corporation Berhad (BINTAI or Company)
- Arbitration
Further to the arbitration proceedings held between Kejuruteraan Bintai Kindenko Sdn Bhd (“KBK”) (a wholly owned subsidiary of BINTAI”) and Serdang Baru Properties Sdn Bhd (“SBP”), the Company wishes to announce that following the notification received from KBK’s solicitors on 11 March 2016, SBP has been ordered to pay a total sum of RM4,985,166.24 plus 5% simple interest per annum on the aforesaid payment sum in favour of KBK.
=======================================================================

Bintai won RM28million++ instead of earlier Rm4.98million.

ANNOUNCEMENT
Subject: Bintai Kinden Corporation Berhad (“BINTAI” or “Company”)
Arbitration
__________________________________________________________________________________

The Board of Directors wishes to announce that following the hearing held today
on the Arbitration between Kejuruteraan Bintai Kindenko Sdn Bhd (“KBK”) (a
wholly owned subsidiary of BINTAI”) and Serdang Baru Properties Sdn Bhd
(“SBP”), the Court has ordered SBP to pay the following in favour of KBK:-

(a) A total sum of RM28,220,284.44 together with a simple interest rate of 5%
per annum from 3 June 2008 up to 9 March 2016; and

(b) Costs for a sum of RM20,000.00.
This announcement is dated 8 December 2016.

Finally.. court case result out.

Those project won this year wont show immediate profit or earning but expected to contribute positively to the future earnings of the Group.

Last 2 financial Qtr results already showing +ve profit and earning with latest NTA 0.28.

Its current price doesn't reflect much and even lower than company share par value which is at 0.20 and its warrant convertion at 0.20.

Total RM440.82 million project secured by Bintai this year but its current price is at the lowest.

RM32million - Jan 2016
http://themalaysianreserve.com/new/story/bintai-kinden-secures-rm32m-vietnam-job

RM120million - Jan 2016
http://www.thestar.com.my/business/business-news/2016/01/20/bintai-kinden-unit-wins-rm120mil-job/

RM9.4million - Jan 2016
http://themalaysianreserve.com/new/story/bintai-kinden-awarded-rm94m-electrical-works-contract

RM31.42million - Mar 2016
http://www.thestar.com.my/business/business-news/2016/03/17/bintau-kinden-secures-singapore-project/

RM13million - Mar 2016
http://themalaysianreserve.com/new/story/bintai-kinden-gets-rm13m-contract-%E2%80%A8from-singapore

RM18million - July 2016
https://www.pressreader.com/malaysia/the-star-malaysia-starbiz/20160715/281565175100512

RM169million - Sept 2016
http://www.thestar.com.my/business/business-news/2016/09/04/bintai-kindens-subsidiary-gets-rm169mil-spore-hospital-job/

RM48million - Sept 2016
http://www.thestar.com.my/business/business-news/2016/09/21/bintai-kinden-bags-a-rm48mil-job-in-singapore/

Financial qtr result showing profit. 1H net profit 0.320 million,
Net asset per share As At End of Current Quarter up 0.28 compare to last preceding financial year end 0.26.

Bintai acquiring OPM via share issuance 0.20 next yr 2017 but current price still 0.175 really low and lagging far from its latest NTA of 0.28.

Qtr result coming out soon, New shares issuance at 0.20 by 1st half 2017 but share price and vol still low.

http://www.thestar.com.my/business/business-news/2016/11/18/bintai-kinden-to-acquire-optimal-for-rm15mil/

Jan 2016 won the project worth RM121million - concession 25 yrs but stock price didnt go up yet. Now wan accquire OPM and propose issuance new shares at issue price of 20 sen but current Bintai market share price only 0.175.

http://www.thesundaily.my/news/2064787


PETALING JAYA: Bintai Kinden Corp Bhd is proposing to buy Optimal Property Management Sdn Bhd (OPM) for RM15 million and diversify into the concession arrangements business in an all-share deal.

In a filing with Bursa Malaysia yesterday, the company said it entered into a conditional share sale agreement with Nusankota Development Sdn Bhd, Haryati Zaharuddin and Amirul Arifin Sopiee Md Noordin for the transaction, which will be satisfied via an issuance and allotment of 75 million new Bintai Kinden shares at an issue price of 20 sen each.

OPM is a special purpose vehicle involved principally in property management that holds a 25-year RM121 million concession to design, construct, complete, operate and maintain the entire in-campus accommodation for Kolej Teknologi Islam Melaka (KUIM). OPM had in January this year appointed Bintai Kinden as its turnkey contractor for the same project.

OPM will undertake the maintenance of all the facilities and has the right to demand, collect and retain mutually agreed charges throughout the concession period.

“The proposed acquisition will enable the company to participate and be entitled to the future recurring income streams from the concession arrangements business that is the provision of management and maintenance services to KUIM over the tenure of the concession,” Bintai Kinden said.

The purchase consideration takes into account the net liabilities of OPM, future prospects of OPM and valuation range of the concession between RM24.5 million and RM26.7 million as ascribed by Russ Ooi & Associates.

The proposed deal is expected to be completed by the first half of 2017, subject to approvals from Bursa Securities and Bintai Kinden shareholders. KAF Investment Bank Bhd is the adviser for the transaction.

From 0.375 january this year drop till Nov 0.18, > 50% drop still no yet rebound..really bad performance and bad for shareholders.
Shareholders buy for price appreciation but if price keep going low n lower hard to attract buyer and give confidence to shareholders.

KLCI drop -12... retailers also panic sell.
This bintai nothing to do with Oil, banking sectors also still price drop.
No buyer support only small retailer buy & sell 2 each other.

Market up, price didnt move. Today market down,, price drop. Buyer queue so low.. demand very weak.
Sell down till all buyer also ran.

If price stagnant/sideway for months, nobody would dare to buy.
QR 3 month once if cant sustain push upwards price also not attractive if up 1-2 sen n drop back.
Need active vol and price movement.

Bintai already secured many new projects this year but yet its price being sell down and
block at rock bottom level even lower than its IPO listing price 0.31-0.35, Current price is way below its support lvl price.

Its major shareholders not doing much shares buy back and push support for the much needed rebound even when theres good +ve
newsplay. The low vol transaction and sideway price movement past few months hard to attract and give confidence to retailers or potential investor to invest.Need major price reversal to gain more buyer interest.

Still not moving...this stock been traded sideways for many mths.

Price still being block by sellers.

Still no +ve sign.

Last year May RI price drop till 0.21 but shot up back in Jun till 0.45.
Later in Aug drop down till 0.195 before rose up to 0.375 in jan 2016
After that continue long drop till now 0.20.

Price try to rebound with new contracts secured but keep being pressed down back 0.20.
Theres not strong big buyer pushing up price like last year.. more like collecting at price range of 0.20.. its been many months.

New contract RM48.1million secured. Price better go up fast.. sleep too long already.


BINTAI KINDEN CORPORATION BERHAD (290870-P)
Subject: Bintai Kinden Corporation Berhad (“BINTAI” or “Company”)
Letter of Award to Bintai Kindenko Pte Ltd
_____________________________________________________________________________
The Board of Directors of BINTAI is pleased to announce that Bintai
Kindenko Pte Ltd., a 69.82% subsidiary of the Company, has on 21
September 2016, accepted a Letter of Award from Tiong Seng Contractors
Pte Ltd to undertake Sub-Contract Works for the Supply, Installation,
Testing, Commissioning and Maintenance of ACMV (Air Conditioning and
Mechanical Ventilation) and Engineered Smoke Control System Works in
respect of the Proposed Erection of 2 Blocks of 10-Storey Multiple User
General Industrial Factory; 3 Blocks of 9-Storey Multiple User General
Industrial Factory with a Secondary Workers’ Dormitory; a Heavy Vehicle
Parking Facility and Commercial Uses at Tuas Avenue 1 (Tuas Planning
Area) in Singapore (“Contract”).
The Contract sum is S$15,800,000.00 (Singapore Dollar Fifteen Million and
Eight Hundred Thousand) or equivalent to approximately RM48,153,660
(Ringgit Malaysia Forty Eight Million One Hundred Fifty Three Thousand
Six Hundred and Sixty) based on the exchange rate of S$1:00 : RM3.0477 as
of todate.
The Contract is a non-renewable construction contract with fixed contract
period and is estimated to be completed by September 2017.

The Contract will not have any effect on the issued and paid up share capital
of the Company and is not expected to have any material impact on the
earnings, earnings per share, net assets per share and gearing of the Group for
financial year ending 31 March 2017. However, it is expected to contribute
positively towards the future earnings of BINTAI Group.
Risk factors affecting the Contract include and not more than the standard
and customary contract risks in Singapore.
None of the Directors and/or major shareholders of BINTAI or persons
connected with them have any interests, direct or indirect, in the Contract.
This announcement is dated 21 September 2016

Still lack of buying pressure.

Problem is retail investor all scared ady..won many project but price keep kena hit back low and big player just queue to buy back at low price.
Need strong big buyers to push and support the price.

Drop all the way since Jan this year till now Sept.. abt 9mths.. still no strong rebound yet.

Still lack of buyers. The big shareholders/players not buying up the shares even when its price is abt all time low and recent won the SG hospital big contract RM168million. Can only see big buy at lower queues.

No big players want to push and support hard to go up. Won big contracts but price still low and transaction low.

Won big projects but big players still not much buying actions.
Price still at lower range, need to break out 0.23 - 0.25.

Bintai main shares price at low lvl quite some time. Have potential break up higher price, need holding power.

warrant conversion 1:1 at 0.20. Now main share trading at 0.20 and wa at 0.095.
Main shares need to move above 0.30++ only its wa have hope.

Current main shares been press n hold down even with new secured contracts & +ve fin qtr result. Need to breakout from its current low price with more big players support push.

Yes, currently at historical low price since its debut.
Other stock par value RM0.10 also trading at abt 0.30+/- which is 3X higher.
Some trade at 1.5-2.5X more than its stock par value.

Bintai stock par value 0.20 but still trading at price 0.20.

Eg, if bfr ex-date price 0.30, after ex- date price will be adjusted to 0.225.
Price up since 0.23 in july till 0.30 recently.. some insiders pushing up for the bonus issues which later will be adjusted low back with more no. of new shares.

4 shares free 1 bonus shares.. After ex date, price will be adjusted lower by 25% to balance out the bonus shares.

Kungsing: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=73825&name=EA_GA_ATTACHMENTS

The Striking Off will not have any material effect on the net assets, issued and paid-up share
capital and substantial shareholdings of the Company for the financial year ending 31 March 2017


Court case pending receiveables: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=176307&name=EA_DS_ATTACHMENTS

Arbitration:
On 29 November 2009, the High Court had ordered the claim against SBP be referred to arbitration
and the action against SBP be stayed pending disposal of the arbitration proceeding. Thereafter, SBP
had, on 1 April 2010, commenced arbitral proceedings against KBK for, amongst others, liquidated
and ascertained damages of RM33.555 million for the delay in completion of the Development Project
together with general damages. In the same proceeding, KBK counterclaimed against SBP for the reliefs
as claimed by KBK in the civil suit.
The Company has on 14 March 2016 announced a notification received from KBK’s solicitors on 11
March 2016 that SBP has been ordered to pay a total sum of RM4.985 million with an interest of 5% per
annum on the aforesaid sum commencing from 3 June 2008. On 7 April 2016, a Final Corrective Notice
was issued and the amount SBP was ordered to pay was amended to RM1.719 million.
However, KBK has made an application to the High Court to set aside the Final Award (dated 9 March
2016) and Final Award Corrective Notice (dated 7 April 2016) pursuant to Section 42 of the Arbitration Act
2005, of which hearing is scheduled on 30 August 2016.
Based on legal opinion, the Directors hold the view that KBK has good grounds to set aside the Final
Award and the Final Award Corrective Notice.

1Q net profit RM0.285 million. +ve financial result.
Still have some court case pending receiveable abt RM30million+ end of Aug.

After all the RI and private share placement with new contracts won, price still come down back to 0.20 lvl. http://www.stockhut.com.my/news/104751.

Need +ve newsplay and big players take more effort to push the counter Bintai up.

So low vol and lack of buyer buying interest. Hard 2 attract buyers to buy/trade.
The mainshareholders and operators need to follow AWC.. from 0.30 can push up till 0.90+/-.

YEsterday big queues at 0.205, today suddenly so little queue.
Vol buy still low not enough to boost buyer confidence eventhough Bintai should have rebound much higher with its disposal of lost making subsidiaries and recent won TNB projects.

Last year Aug price also hover low at 0.20+ and after qtr result annouce +ve, price move up high in Sept.

Buyer queue 0.20 keep accumulating. Selller queue 0.205 block. Price stagnant.

Kungsing Ting: Need big players to push the price up, currently price not going anywhere with small vol trading.

Last month won TNB project worth RM18million price only up till 0.225 but didn't have enough support buying strength. Price cant sustain and drop back to 0.19. Even in Jan this year won RM120million project price only up abit 0.35 to 0.375 before get sell down 0.28-0.25- 0.20.

Its likely those bigshareholder /big players that subscribed for the RI 0.20 last year want to avg down their previous Bintai high price. Price has been sell down and hold at abt 0.20+/- lvl as per RI price . If price drop lower than 0.20.. it will not be profitable to trade for them.

Qtr result ending March 2016 coming soon end of this mth.
Most contracts secured last year will contribute positively for financial ending March 2016 as per annoucement.