Type Announcement Subject OTHERS Description 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 17 March 2016, accepted a Letter of Award from W’Ray Construction Pte Ltd to undertake a Sub-Contract for the supply, delivery, installation, completion and maintenance of Air-Conditioning and Mechanical Ventilation (“ACMV”) and Electrical System for the “Proposed Additions and Alterations to Existing 4-Storey Commercial Development (Northpoint Shopping Centre) involving New Linkages from Adjacent Development at Yishun Ave 2 / Yishun Central 1” (“Project”) in Singapore.
The Contract Sum of the Project is S$10,500,000.00 (Singapore Dollar Ten Million and Five Hundred Thousand) or equivalent to approximately RM31,418,100 (Ringgit Malaysia Thirty One Million Four Hundred Eighteen Thousand and One Hundred) based on the exchange rate of S$1:00 : RM2.9922 as of todate.
The Project is estimated to be completed by 31 July 2017.
This Project 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 2016. However, it is expected to contribute positively towards the future earnings of BINTAI Group.
None of the Directors and/or major shareholders of BINTAI or persons connected with them have any interests, direct or indirect, in the Project.
Bintai Kinden bags RM31.4m contract in Singapore Published by The Edge at 2016-03-17 18:28:06
KUALA LUMPUR (March 17): Bintai Kinden Corporation Bhd’s (Bintai Kinden) subsidiary, Bintai Kindenko Pte Ltd, has bagged a contract to supply, install and maintain the ventilation and electrical system for Northpoint Shopping Centre in Singapore worth S$10.5 million (RM31.4 million).
In a filing with Bursa Malaysia today, the company announced that its 69.82%-owned subsidiary has accepted a Letter of Award from W’Ray Construction Pte Ltd to undertake a sub-contract for the “Proposed Additions and Alterations to Existing 4-Storey Commercial Development (Northpoint Shopping Centre), involving New Linkages from Adjacent Development at Yishun Ave 2 / Yishun Central 1” in Singapore.
The sub-contract involves the supply, delivery, installation, completion and maintenance of air-conditioning, mechanical ventilation and electrical system.
“The Contract Sum of the Project is S$10,500,000.00 (Singapore Dollar Ten Million and Five Hundred Thousand) or equivalent to approximately RM31,418,100 (Ringgit Malaysia Thirty One Million Four Hundred Eighteen Thousand and One Hundred), based on the exchange rate of S$1:00: RM2.9922 as of today,” it said.
The project is estimated to be completed by July 31, 2017, and is expected to contribute positively towards the groups’ future earnings.
Shares of Bintai Kinden closed up 5.6% today at 28.5 sen, with 921,100 shares exchanging hands, giving the company a market capitalisation of RM60.6 million.
If refer back last year jun and July play, the big players easily push above 0.40 twice 2X/ In jun hit 0.45 and drop back 0.25, in july went up back 0.40 and drop to 0.20 due to RI.
With so many projects won, price should have break recent TP by research house 0.39 - 0.43 easily but the big players not pushing aggressively. The selling queues alwys higher block the price from going up.
Ladies and gentlemen...from last year until now...bintai is a gone case...they said 2016 is going to be a big year for bintai...actually....i am out of bintai long long time ago...just curious why do ppl come play this counter lololololololol since its like a bantai....a stock that sleeps...and i think ken law may be is the same person as viper?lol
Sengkang Square (“Project”) on Lot 111177V PT, MK 21 Singapore for a sub-contract sum of S$14,200,000 (or equivalent to approximately RM42,398,360 based on the exchange rate of S$1.00 : RM2.9858) excluding any Goods and Services Tax. The duration of the Project is from 9 October 2015 to 8 May 2016.
Phnom Penh, Cambodia” (“Project”) for a contract sum of USD15,150,000 (or equivalent to approximately RM64,887,450 based on the exchange rate of USD1.00 : RM4.283 ). Barring unforeseen circumstances, the Project is estimated to be completed by 31 August 2016.
Lee Kong Chian School of Medicine at Mandalay Road (Novena Campus) for a contract sum of S$44,645,633 ("Novena Sub-Contract Work") estimated to be by 9 May 2016. Mapletree Business City2 The total contract sum for the Sub-Contract Works is S$67,200,000 (Singapore Dollar Sixty Seven Million and Two Hundred Thousand) and is estimated for completion by 20 April 2016.
The Project is expected to contribute positively to the future earnings of BKCB Group for the financial year ending 31 March 2016.
Vol traded still very low..need big players to take actions to have good show. AWC from 0.285 last year Sept up steady till 60 sen today. Really strong play by the big players.
Current price only at half of its Nta value, still far away from its latest NTA 0.53. The big shareholders/players need to put in more actions to push up its price.
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....
Jingweihan
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Posted by Jingweihan > 2016-03-17 14:24 | Report Abuse
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