Just this month January, 2016 Bintai has secured 3 projects; 9.4 m, 120 m in Malaysia and 32 mil in Vietnam. Imagine, Bintain just clock in 5% profit from these project alone, you will get 8 millions profits. What about all those projects secured in 2014, 2015? Surely this is the counter we can bet on!
Bintai Kinden: No more impairment of receivables in near future: Bintai Kinden Corp Bhd, which on Wednesday bagged a RM120 million contract for the construction of student housing in Malacca, expects no more impairment of its receivables in the near future. “We have written off everything that is necessary. Whatever remains in our receivables are all new jobs. I believe the worst is over,” the group’s executive vice-chairman Ong Puay Koon said. - Edge FD
Bintai will be up very soon. Imagine so many contracts secured. Recently Bintai has upgraded to Turkey contractor instead of sub-contractor. Just be patient for another 6 months, the revealed result will spur buyers into this counter.
Act the warrant is undervalued. A warrant's fair premium is 4% per year. Currently the mother share is priced at 33.5 cents. For the warrant has 4 more years from expiry, it should be priced at 18.5 cents. I think market overlooks the warrant's fair value. With the projects they get, the future value of Bintai is promising. The warrant should be a safe buy.
Seems like the players still want to collect more shares instead of pushing up. So many good newsplay yet price hardly break 0.40+ unlike AWC from 0.30 can fly up till 0.465 recently. Next month will be financial qtr result.
When theres seller, theres buyer also.. just that the buyer only buy at current low price instead of buy higher price. Seller queue alwys high to block price from moving. Sign of accumulation at support lvl AVG at 0.335.
On-going Contract: 1. S$58mil awarded Feb 2014. To be completed by 2 April 2017 2. S$67.2mil awarded April 2014. To be completed by 20 April 2016 3. S$44.65mil awarded August 2014. To be completed by 9 May 2016 4. S$11.912mil awarded March 2015. To be completed by 6 Nov 2016 5. S$14.2mil awarded Sept 2015. To be completed within 9 Oct 2015 to 8 May 2016 6. S$17.28mil awarded Nov 2015. To be completed by Jan 2017. 7. USD$15.15mil awarded Nov 2015. To be completed by 31 Aug 2016.
Total contract sum: S$228.39mil (~RM660mil)
New contract secured: 1. RM9.4mil on 19 Jan 2016. To be completed by May 2017. 2. RM120mil on 20 Jan 2016. Turnkey Project for Student Accommodation with 25 years concessions. 3. RM32mil (VND167 bil) to be completed by Nov 2017.
Total job secured in January 2016: RM161.4mil !!!
Why Bintai Kinden? 1. Ability to secure contracts. 2. Management guided no more impairment on receivables in the future. What remains in Bintai's recievables are from new jobs secured. 3. Upgraded from sub-contractor to Turnkey contractor - income visibility through student accomodation project in Malacca with 25 years concession. 3. Net cash position. 4. NA per share based on latest QR ~ 59c
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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....
keng88
2,776 posts
Posted by keng88 > 2016-01-22 22:38 | Report Abuse
yee买回?