NTA: 53 sen, if no impairment it will much more higher. Next financial qtr 31 March 2016 expected to be positive as end of last year and early this year Jan already bags many big projects.
4/9/15 - http://www.thestar.com.my/business/business-news/2015/09/04/bintai-unit-wins-rm42mil-singapore-job/ 1) Bintai unit wins RM42mil Singapore job Bintai Kindenko Pte Ltd, has received and accepted a letter of intent from Sunray Woodcraft Construction Pte Ltd to undertake RM42.4mil worth of sub-contract works. The duration of the project is from Oct 9 to May 8, 2016. The project is expected to contribute positively to the future earnings of group for the financial year ending March 31, 2016.
12/11/15 - http://www.thesundaily.my/news/1608699 The sub-contract has an indicative value of S$17.28 million (RM53 million). the proposed project is estimated to be completed by January 2017 and to contribute positively to its earnings for the financial year ending March 31, 2016. - See more at: http://www.thesundaily.my/news/1608699#sthash.23ugXYgb.dpuf
With abt RM360million++n project secured end of last year and early this yr Jan, future financial result should be +ve .
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
i dun think it will touch 0.10. its a strong money making company and no major negative news out there, in fact the positive news are a plenty lot. most likely sharkys take this slightly not so favorable QR as an excuse to push the price down and force panic selling. buy low now sell high later. already so much volume waiting to buy at the lower price. this bintai is not like some empty shell company act as a playground for punters to make fast money. its not time to press the panic button yet. just my 2 cents
loss? even with so many new projects that just landed? i admit i am not into details and figures but, man, with so many projects, some maturing as early as march and may this year and so many more on hand? if bintai cant make it, i can imagine other companies out there runs into big trouble. company will continues making loss is base on paper or pure speculation? i am not very resourceful so i am sorry if thats true. if not, projects on hands are solid and not some speculations. lets hope for the best.
Sell down was from those contra kakis that dont want to pick up shares on T+3/4. The main shareholders & operators dont really support strongly this counter and also not pushing much. Last year RI 9:10 and 20 sen and later private share placement at 32 sen. Share price keep stuck around 0.32-0.33+/- even after secured many project worth at RM360 million only up little at 0.375 unlike mid of last year where its price was abt 0.42 -0.405.
NTA: 53 sen, if impairment write off as per group EVC says.. easily 0.60++
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. -
At current price 0.28, its trading less than 50% of its fair value.
As usual, do own research bfr decide to trade this stock.
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....
timing
726 posts
Posted by timing > 2016-02-24 10:49 | Report Abuse
expect next QR not good as well