Insider presing down price. Price sell down since 0.375 to 0.30 on daily basis. Yesterday support at 0.30 more than 100k lots but this morning all disappear with transaction at 0.30 only abt RM21k..
Company with good projects in hand. Impairment also written off. Price hard to move maybe coz insider wants to buy the shares back at low price. Last year after RI and near financial qtr result out also price drop but later slowly move up. Need holding power and good entry price to get profit.
last year earn 2k from this stock. buy at rm0.25 sold rm 0.3, warrant 0.145 and sold rm0.16, this year come back at rm0.32 and warrant rm 0.16 , now still paper lost...but some of my friends who follow me bought at rm0.37...feel sad introduce this stock to them
Its a good stock with many projects in hand, just that the big players not buying/pushing up aggressive yet but if u see its NTA & TP... current price still at discounted low price.
Worst over for Bintai Kinden’ Posted on 21 January 2016 - 05:36am
Lee Weng Khuen sunbiz@thesundaily.com
.................
Speaking to reporters after a signing ceremony here yesterday, executive vice-chairman Ong Puay Koon said he doesn’t foresee the company incurring additional impairment for the coming quarters.
“The impairment was historical, we’re trying our best to negotiate (with developers). Due to the new financial system, we’ve to write it off first, but we’re still proceeding in collections.
“Whatever we can collect will be written back in the future,” he said.
actually if we exclude the 11 mil impairment, the company is earning.
i hope coming quarters will be as good as he claimed without anymore impairment, then there will be profitable quarters. may be got surprises like some of the impairment will be recovered. they keep collecting the stocks, pasti goreng gua?
Last mth already bags 2 projects value at RM 32million & RM120 million respectively but price didnt move much only 0.375 before retraced down back 0.35-0.33.
should be look forward~this quarter result is past 3mth ~what i seen is this 2 projects value at RM 32million & RM120 million will giving company good profit on this year...buy for future not past~
The CEO say the RM 400 million receivables are from new projects and can last for 3 years. 10 percent profit is about 13 million a year, providing 3 years earning visibility of EPS 10 Cents year on year.
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....
lch90
228 posts
Posted by lch90 > 2016-02-05 16:44 | Report Abuse
dah lah dah lah.
Game over.
Sharks all gone d.
Nothing to do with result.