Even big shareholder bought, makes no different. It will remain until 1hf report on September, all losses already dump into the closing financial year in April. There will be more award of contract coming in. Accumulation to average down is not for this counter, better to use the extra fund in other counter.
Last year Dec 2016, I still very very remember when I received my remisier Whatsapps,and he told me to looked into AEMULUS when the 4th Qr. Report of AEMULUS are making loss quarter. the share price moved between 18-20 cent ONLY. (偷偷在买入的人在18-20 cent非常的少,如果是你在偷买, 就恭喜你了,有眼光!)
The problem is most retailers dont have long holding power onto Bintai, Big players always block the price when up within 1-3 sen and later drop back more than 5-8 sen trapping retailers. Their favourite range is always 0.20+/-. Hardly allow to move above 0.25 or 0.28 higher.
They press down the price lowest badly last year during 2nd half July - Dec between 0.20 - 0.17 and after accumulation long they buy up till 0.265 and later drop press down back 0.205 and later buy up again 0.28 before let it fall back 0.19 & 0.20 range til now.
Investors look for growth value stock with potential price goin up not just stuck at 0.20 price long. Other stocks already move up high 0.50+ and some even above rm1++, Bintai have so many big projects combine worth RM billions+ but if cant reflect in Bintai share price, it wont attract more investor to invest in Bintai.
AEMULUS NAPS/NTA only 0.16 as per recent financial qtr result but latest transaction close at 0.58. Its share price only traded at 0.16 last year December and keep moving up higher when financial qtr result show profit in FeB and May this year.
So far difference between share assest value and traded market share price value due to buying pressure from big player keep pushing it up way above its NAPS/NTA.
Bintai lack of buying power from the big players even with many projects in hand and court case money still stuck at lower price lvl. Financial qtr closing already, next new financial year will be out soon in August, price need to move up strongly to get out from Klang river.
Viper88, it seem you are frustrated with this bintaii. Cannot accumulste this stock. Just wait for the coming result, make or even better move on to other counter. Though, i dont loose money on this bintai. Money parked too long.
Tigerchan: Just share some findings and comparison with other stocks with active big players play. U seems alwys use the word frustrated...just be cool if u in this Bintai. It will moves up when times comes.
Wait for the big players to buy up/move share price. Past few days theres rotational play in Ace counters and penny stocks. Mlabs from 0.11 up till 0.465 and drop back 0.21.. most of the stock change from their own hands.
Bintai accumulation for many months since last year and this year.
I share my frustration with viper88 too. Although Bintai has many contracts in hand since 2016 but it has been a laggard until now. Just may be I shd move to other active counters and come back to Bintai once it has started to move. As the saying goes ........ if anybody play your counter it will never move even if it is sound and good e,g weida, pphb, jerasia, etc
2016 and 2017 won many big projects worth abt RM1Billion+/- buy share price always stuck at 0.20 . Now only can wait for coming financial qtr report in Aug.
Viper88, if i say something, don't angry. Forget about 2015 & 16. It is history. It is either you wait or sell to move on. As someone in nexgram counter said, accumulate until pockai, still cannot move. I admit, i make a wrong decision to come back for bintai. Only can wait till next month b4 1st quater result. If still no movement cut lost and move on.
Tigerchan: Read my posting, thats what i'm saying next potential mover is financial qtr result. U dont seems to understand my postings but telling me the same thing?
No point telling me or others what they should do, u know what's interfere with others mean? In stock, u make ur own decision and choice coz its ur own money.. not telling others what they should do unless u pay them to work for u.
If u want to share what u want to do or views on bintai.. den just go ahead.
Court of Appeal (Civil Appeal No: W-02 (C)(A) – 117 – 01/2017) The Court fixed for case management in the Court of Appeal on 19 June 2017. On this date, SBP informed the Court that they have filed an appeal against the enforcement proceedings and intend to file an application in the Court of Appeal for both appeals to be heard together. The Court than further fixed another case management scheduled on 31 July 2017 to fix the hearing dates of the appeals.
KENYALANG PROPERTY DEVELOPMENT SDN BHD 31-Jul-2017 Notice of Person Ceasing 6,500,000. Maybe KPD want to use their fund on other projects etcs.
If u compare to Bintai & its mainshareholders + new OPM new shareholders they bought Bintai shares in May & April so much more at 0.20, 0.23++, OPM shareholders holding abt RM15million worth of Bintai shares.
BINTAI HOLDINGS (M) SDN BHD 31-May-2017 Acquired 4,857,004 MR ONG CHOON LUI 31-May-2017 Acquired 4,857,004 0.000 MR ONG PUAY KOON @ MAH SOCK HENG 31-May-2017 Acquired 4,857,004 0.000 BINTAI HOLDINGS (M) SDN BHD 21-Apr-2017 Acquired 2,000,000 0.230 MR ONG CHOON LUI 21-Apr-2017 Acquired 2,000,000 0.230 MR ONG PUAY KOON @ MAH SOCK HENG 21-Apr-2017 Acquired 2,000,000 0.230 BINTAI HOLDINGS (M) SDN BHD 13-Apr-2017 Acquired 5,086,680 0.230 MR ONG CHOON LUI 13-Apr-2017 Acquired 5,086,680 0.230 MR ONG PUAY KOON @ MAH SOCK HENG 13-Apr-2017 Acquired 5,086,680 0.230 BINTAI HOLDINGS (M) SDN BHD 06-Apr-2017 Acquired 6,443,500 0.230 MR ONG CHOON LUI 06-Apr-2017 Acquired 6,443,500 0.230 MR ONG PUAY KOON @ MAH SOCK HENG 06-Apr-2017 Acquired 6,443,500 0.230 MR ARIFF FARHAN DOSS 07-Mar-2017 Notice of Interest 50,025,000 10,005,000.000 NUSANKOTA DEVELOPMENT SDN BHD 07-Mar-2017 Notice of Interest 50,025,000
Many penny stock been pump high recently like Aemulus, Mlabs, Jetson, Krono, Johan, etcs. Frontkn early feb this year 0.195 keep going up steady highest today 0.425 and sudden nig drop till 0.33 at closing today.
Syndicate playing from one counter to another counter.
From recent trading.. seems the seller queue blocking the price at 0.195/0.20 but didnt sell lower than 0.19. Buyer queue is low.
Bintai price has been press down since April from high 0.25-0.28 to 0.20 lvl.. even after won big projects from SG and big shareholder buying 0.23+ also no effect to move up the price yet.
This Bintai share price movement is being ctrl by big players. Can see from end of last yr Aug - Dec, Bintai share price been pressed down 0.20 - 0.17 with long accumulation before jump move up in Jan 17 till 0.265 and later sell down 0.215 - 0.205 before push up again till 0.28 March. Later Bintai price continue its sell down till 0.20-0.195 till now Augt.
Its price movement up and swing down is definitely very slow and always flush out short term traders.
25May15 its price swing from 0.21 up till 0.44 and later drop back in 1/6/15 0.38 up till 0.46 when Bintai financial report shows good profit and +ve newsplay. Price gap up very fast and and also drop press down fast.
At current undersold and low price, Bintai big shareholders also holding big chunk of shares. New big shareholders OPM holding RM15million worth of Bintai shares at 0.20 and 3 existing Bintai main shareholders at 0.23++. Can see at recent transaction price always have big block at 0.19- 0.20 but hardly press lower.
PETALING JAYA: Bintai Kinden Corp Bhd’s subsidiary, Bintai Kindenko Pte Ltd, has won a contract worth S$10.44mil (RM32.38mil) from Singapore’s National Development Ministry (MND).
In a filing with Bursa Malaysia, the mechanical and electrical engineering services provider announced that Bintai Kindenko, in which it has a 69.82% stake, had received a letter of acceptance to undertake works related to the provision of integrated facilities management services, as well as mechanical and engineering works, for the MND offices located at Jem Office Tower.
The contract, scheduled for completion within a period of 36 months and expected to commence this August, comes with an option to extend for a further period of up to 24 months thereafter.
It said the contract would not have any effect on the issued and paid-up share capital of the company and will not have any material impact on the earnings, earnings per share, net assets per share and gearing for the financial year ending March 31, 2018, but will contribute positively towards the future earnings.
This would be the second contract that the company has won in Singapore, as Bintai Kindenko also secured a S$39.6mil contract last week from the Land Transport Authority Singapore to undertake mechanical works for Singapore’s four-in-one rail and bus depot’s environmental control system.
note:The contract, scheduled for completion within a period of 36 months and expected to commence this August, comes with an option to extend for a further period of up to 24 months thereafter.
mirete1101: Ya.. still have losses in profit abt rm6million. Their management still unable to turnaround the losses even with so many new big projects in hand. Court case receiveables abt m39 million still pending after new appeal. If include in should already show good profits in fin result.
I doubt SBP has the money to pay up. Hence they are fighting so furiously.
Court of Appeal (Civil Appeal No: W-02 (C) (A) – 117 – 01/2017) During the case management in the Court of Appeal on 19 June 2017, SBP informed the Court that they have filed an appeal against the enforcement proceedings and intend to file an application in the Court of Appeal for both appeals to be heard together. In the case management held on 31.07.2017, the Court fixed SBP’s motion to consolidate the main appeal and enforcement appeal on 28.09.2017. On this date, the Court will fix the main appeal date.
KUALA LUMPUR (Aug 30): Specialist engineering and construction firm Bintai Kinden Corp Bhd has raised gross proceeds of S$10 million (RM31.52 million) as it pared-down its holdings in Singapore-based Bintai Kindenko Pte Ltd to 19.46% from 69.82% previously.
According to Bintai Kinden, the move was part of its latest round of restructuring exercise.
Bintai Kinden said the dilution of the stake in Singapore-based Bintai Kindenko was the result of it completing the allotment of 22 million new shares to three investors: Biz Investment Pte Ltd, Swee Hup Engineering Resources Ptd Ltd and Omni-Med Marketing Pte Ltd.
Upon completion of the share allotment, Bintai Kinden said the Singapore-based Bintai Kindenko has ceased to be its subsidiary “with immediate effect”.
Incorporated in Singapore in October 1973, Bintai Kinden said Bintai Kindenko provides electrical works, process and industrial plant engineering design and consultancy services.
Shares in Main Market-listed Bintai Kinden rose 0.5 sen or 2.78% to close at 18.5 sen, valuing it at RM53.57 million.
KUALA LUMPUR: Mechanical and electrical engineering service provider Bintai Kinden Corp Bhd is on the prowl for opportunities to cater to the data centre industry considering the flourishing e-commerce trend in Southeast Asia.
Group managing director cum chief executive officer Ong Choon Lui noted that should there be demand locally with data infrastructure springing up, the group hopes too to “have a slice of the cake”.
Speaking to reporters yesterday after the company’s annual general meeting, Ong cited Amazon and Alibaba to be amongst big names the group looks forward to attempt submitting project tenders for.
The group is working towards venturing into this new area for its engineering segment starting next year, and expects a 5% contribution to its financial year 2019 top line, according to Ong.
Meanwhile, Ong said the group will focus more on service provision for factories moving forward, as factories are usually “built in anticipation for a boom”, and since manufacturers keen to leverage on the weaker ringgit against the US dollar are now returning to Malaysia.
Medical-related facilities are another focus area for the group, especially in Singapore, due to the scarcity of space in private hospitals there.
The group’s engineering order book figure stands at RM1 billion as of now, of which 35% is made up of local projects with the rest being regional jobs, said Ong.
“We are targeting, in Malaysia alone, to secure RM800 million worth of contracts”, he added.
In Singapore, Ong explained that the entrance of new shareholders in Bintai Kindenko Pte Ltd (BKPL) would strengthen its balance sheet, which may allow them to take on projects three to four times larger in scale than previously.
This is in relation to its restructuring exercise announced last week, when the group pared down its holdings in its now ex-subsidiary BKPL, from 69.82% to 19.46%, by way of allotment of new shares to three investors, namely Biz Investment Pte Ltd, Swee Hup Engineering Resources Pte Ltd, and Omni-Med Marketing Pte Ltd.
Over at its concession management business segment, the group is currently in talks with two local educational institutions and one regional player on the prospects of building student hostels for a concession period of some 20 years.
Ong expects the concession management business to contribute at least 10% to 15% to the group’s overall net profit then, which he said may fluctuate based on what its engineering projects could fetch.
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....
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Posted by stockintalk > 2017-07-11 10:27 | Report Abuse
Some ppls still dun understand Bintai.
Satu COMMENT:
Accumulated.