NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING BINA PURI HOLDINGS BHD ("BINA PURI" OR "COMPANY") PRIVATE PLACEMENT
BINA PURI HOLDINGS BHD
Type Announcement Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING Description BINA PURI HOLDINGS BHD ("BINA PURI" OR "COMPANY")
PRIVATE PLACEMENT We refer to the announcements made on 7 October 2016, 11 October 2016, 27 October 2016, 13 January 2017, 20 January 2017, 16 March 2017, 23 March 2017, 28 March 2017, 5 April 2017, 10 April 2017, 12 April 2017, 20 April 2017, 26 May 2017 and 31 May 2017 in relation to the Private Placement (“Announcements”). Unless otherwise defined, the definitions set out in the Announcements shall apply herein.
On behalf of Bina Puri, TA Securities wishes to announce that the Private Placement is deemed completed on 25 October 2017 pursuant to Bursa Securities’ approval letter dated 19 April 2017 for the implementation of the Private Placement until 25 October 2017.
A total of 24,287,000 Placement Shares were placed out pursuant to the Private Placement:
Tranche No. of Placement Shares Issue price per Placement Share (RM) Listing date 1st 6,400,000 0.500 23 January 2017 2nd 5,000,000 0.415 24 March 2017 3rd 3,500,000 0.405 6 April 2017 4th 3,700,000 0.400 13 April 2017 5th 5,687,000 0.390 1 June 2017 Total 24,287,000 This announcement is dated 25 October 2017.
A private placement is the sale of securities to a relatively small number of select investors as a way of raising capital. Investors involved in private placements are usually large banks, mutual funds, insurance companies and pension funds.
Merely LATAR highway concession asset, an associate company of Bpuri already worth more than RM1.00 per share. Pls do epitomise the hefty valuation given by the pension fund to take over DUKE highway from Ekovest.
Haha, seems like someone can't get his/her shares queued at 38cts for the entire day, then cancelled the whole blocks conspire to panic the market and press down the closing price...
Nothing to be anxious about Bpuri, its sturdy fundamental yet still trade at immense discounted price. If you do your homework and go through the company annual report, you will be able to dig out the hidden gems swathed in Bpuri as below:
1. Main Place Mall USJ21 2. KL-Kuala Selangor highway concession(LATAR Highway) 3. RM1.5bil unbilled construction order books. 4. RM3bil property developments unbilled sales. 5. PT Megapower Makmur (MPOW) ) listed at Indonesia Stock Exchange on 4th June 2017. (Source: AR2016)
Based on back of the envelope calculation, Bpuri worth at least RM1.00~RM1.20/share, yet its now trading at huge discount or 0.4x of its book value.
More to come in Budget 2018 as the government exhauting to enhance Malaysia's infrastructure and build more affordable home for the rakyat. To name a few, MRT 3 planned early completion on 2025 instead of 2027 ; intend to build a bridge from Labuan to Sabah mainland and etc.....this is the most comprehensive Budget in the past decades not only for the rakyat but also for the micro/ macro economic realm.
All your questions will be answered and elaborated by experts tomorrow, please watch up on the medias reports or get a copy of Theedge to clear the cloud.
Cooll, thanks for yr info. I bought this counter last month, below was techincal from UOBKAYHIAN 18 Septemper, currently still within the expected timeframe of two months. This counter strike the breakout price twice within the technical period seems like trying boom soon.
Just for sharing, hope to listen sifu-sifu advice.
Traders' Corner - Bina Puri Holdings (BIN MK) Author: UOBKayHian | Publish date: Mon, 18 Sep 2017, 10:36 AM
Technical BUY on breakout with +29.5% potential return Last price: RM0.37 Target price: RM0.48, RM0.505 Support: RM0.34 Stop-loss: RM0.335 BUY on breakout with a target price of RM0.505 and stop-loss at RM0.335. Based on the daily chart, share price has recovered gradually and moved above the 7- and 21-day EMA last Friday. This is supported by an uptick in the RSI and a bullish crossover in the MACD, indicating that positive momentum will strengthen in the near term. We peg our targets at RM0.48 and RM0.505 if the stock penetrates above RM0.39.
So wonder to see yr analyse and foresight in respective counter. I've read the budget news this morning, the gov will abolish 3 highway to boost accessibility and benefit the nations. In tandem with this approach, SILK highway also been taken private by EPF few months ago.
Is it any possibility LATAR expressway would be the next target as you mention on the article above, high traffic growth, potential location as one of the focal point of development and PROTON-GEELY factory relocation will benefit LATAR expressway.
Your previous forecast and business acumen on stocks seems very accurate. Is it any good news to be announced for Bpuri as i saw the trading volumes increased gradually and boost above 2mil yesterday. What is your TP for Bpuri?
Posted by Vincent1966 > Oct 28, 2017 01:07 PM | Report Abuse
Calvin, so wonder to see yr analyse and foresight in respective counter. I've read the budget news this morning, the gov will abolish 3 highway to boost accessibility and benefit the nations. In tandem with this approach, SILK highway also been taken private by EPF few months ago.
Is it any possibility LATAR expressway would be the next target as you mention on the article above, high traffic growth, potential location as one of the focal point of development and PROTON-GEELY factory relocation will benefit LATAR expressway.
Your previous forecast and business acumen on stocks seems very accurate. Is it any good news to be announced for Bpuri as i saw the trading volumes increased gradually and boost above 2mil yesterday. What is your TP for Bpuri?
Sifu pls advise.
Calvin is still reading up on the latest Budget 2018
I have read it 3 times already since last night.
See these words under Point 50 in Budget Speech:
50. This includes a sum of RM1 billion allocated for the Five Main Corridors. The Government will develop the South Perak Region comprising Proton City, Educity and Youth City in Tanjung Malim as well as Bukit Kayu Hitam Duty-Free Zone; construction of port and industrial park in Tok Bali, Kelantan; and access road to Baleh Dam, Sarawak.
The salient points are:
1) RM1 Billions alotted for 5 MAIN CORRIDORS
2) Out of these are a) PROTON CITY & b) Youth City in Tg Malim
Now since 2 are mentioned will it mean that BN is pumping Rm400 Millions to develop Tanjung Malim?
So LATAR Highway will definitely see more traffic in the near future.
Wow, happy to see another value investor like Calvin sniff the valuable assets roofed under BPURI. I would like to grasp this opportunity to share some fresh info according to Budget 2018, final budget allocation for West Coast Expressway(WCE) budget from Banting, Selangor to Taiping, Perak slated to complete in 2019. It is an alternative expressway to get rid of traffic congestion during the festival seasons in the existing North-South expressway. Hence, LATAR expressway will be benefitted from WCE upon completion, it will link and bridge the immense surrounding population from KL to WCE.
Please study the links below, route maps will show you the potential of LATAR. "Someone sitting in the shade because someone planted a tree a long time ago." Warren Buffett. Don't underestimate the intrinsic value of BPUR, the current share price will become history upon WCE completion or any time soon if targeted by value hunter.
Above just for sharing, doesn't constitute any recommendation to buy or sell.
Reminder: Share market is for investment not for gamble, so place your capital in the right way to invest for return instead of place a bet in luck to speculate for a punt.
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Good morning sifu-sifu, thanks for the generous sharing above, my confidence boosted to the peak now. Very coincidence, Stock Alliance also recommend this counter for few times within two months, I guess this would fly very soon, it totally looks like MMODE, Stock Alliance keep recommending frequently at 30cts, now the price hit 40cts, make me earned handsome profit from this. Hope Bpuri remain at this level or lower this morning, I wish to buy a little bit more.
Don't forget Bpuri has successfully listed its power asset, PT Megapower Makmur TBK on Indonesia stock exchange on 5 July 2017. This had raised approximately RM15.9mil from the IPO exercise. Upon listing, Bpuri effective stake in the power unit will be 44.8% after enlarged public shareholder base.
This exercise done in 5 July 2017, which is 3Q17. So the unlocked value of its power unit will be showed at third quarter report next month. This would be the SECOND reason volume boost recently, after the intrinsic value of LATAR. That is why value investor keep accumulating this hidden gem.
Before 445pm 0.375 130+lots they dun want sapu, why pay extra half to sapu at 38cts? Very obvious, hahaha. BPURI is a good company, no doubt. Dont miss it.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Cooolll
62 posts
Posted by Cooolll > 2017-10-16 12:25 | Report Abuse
Pls study what kind of gems Bpuri held. Buy before too late