BINTAI KINDEN CORPORATION BHD

KLSE (MYR): BINTAI (6998)

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Last Price

0.085

Today's Change

-0.005 (5.56%)

Day's Change

0.00 - 0.09

Trading Volume

417,500


14 people like this.

20,684 comment(s). Last comment by Income 1 day ago

Posted by stockintalk > 2017-07-11 10:27 | Report Abuse

Some ppls still dun understand Bintai.
Satu COMMENT:
Accumulated.

viper88

1,798 posts

Posted by viper88 > 2017-07-11 10:29 | Report Abuse

Yes, accumulation since last year. Price always been block and push down till 0.20 level.

Posted by stockintalk > 2017-07-11 11:08 | Report Abuse

念头的Rm40 mil cash win in Court 会在
2018财政年里进账!

Tigerchan

361 posts

Posted by Tigerchan > 2017-07-11 17:48 | Report Abuse

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.

Posted by wenlijianqinyun79 > 2017-07-12 17:57 | Report Abuse

很多人会像你这么想的,没错,tiger.
Like MLAB
(要会买进,也会卖出,才能赚找到钱。所以不懂的人会一直买高)
这些人占多数达98-99%。
98-99%里的人make profit only 10-20% of them,
loss monies 占多数,因为贪)

就像BINTAI 的directors ,会选择低价位(23 cent)大量收集票,
肯定是有他们心中的目的,了解集团2018财政年。
或者我这样说吧,....
"就是在大家看不顺眼的BINTAI期间,所以directors 才乘机累计票数"
像Bintai directors,占区区的1-2%而已.

最了解来临业季会是我们(外人)吗?
肯定不是你我,而是BINTAI里面高层及会计师.

stockintalk 说得对,
如果不是“如果顾客没有欠Bintai钱,股价早就飞了”

Chris算出来的TP 41 cent低估了因主要没有计算rm40 mil。
rm40 mil 对BINTAI 而言是一笔很大数目!

Tigerchan

361 posts

Posted by Tigerchan > 2017-07-12 18:57 | Report Abuse

Hello, write in english please

Posted by stockintalk > 2017-07-12 21:18 | Report Abuse

Hi, tiger and wenli79.

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!)

He adviced me to COLLECT AEMULUS during the LOSS MAKING MONIES Qr. Report.
BUT, Im SCARE.........
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0181
AEMULUS 2016年尾的比现在的JUN-JULY 2017 ,
we can see the "V" shape, don't you?

After Dec 2016, came to JAN 2017.
AEMULUS share price,
MOVE AND MOVE UP .....SLOWLY AND SLOWLY.
1) 23/1/2017- 25 cent
2)20/2/2017-30 cent
3) 20/3/2017-35 cent
4) 3/4/2017- 40 cent
5) Beginning of May 2017- 45 cent
6) 15/5/2017- 50 cent
7) 29/5/2017- 45 cent ( dropped back)
8) 12/6/2017- 50 cent
9) 26/6/2017- 47 cent
10) 10-11/7/2017- 50-51 cent.

If not worng, the 4th Qr.Report 2016 were announced 0n 18.11.2016,
correct me if im wrong.Thank you.

Pls Allow me to say in Chinese.
当,一只股正在处于被抛弃当儿,
98%的人选择cut loss,就像BINTAI 年头时候.
只有2-3%人选择慢慢地收集票.
我想带来的意思是真真赚到钱的人很少.
因大多数人观点就是看见公司亏钱就好丢票,乱乱丢也有的.

viper88

1,798 posts

Posted by viper88 > 2017-07-12 22:55 | Report Abuse

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.

Tigerchan

361 posts

Posted by Tigerchan > 2017-07-13 07:54 | Report Abuse

Thanks stockintalk for the explaination.

Posted by wenlijianqinyun79 > 2017-07-13 13:09 | Report Abuse

from viper88
"The problem is most retailers dont have long holding power onto Bintai"

Directors 就是知道有这样的散户所以他们才能买到低价。

viper88

1,798 posts

Posted by viper88 > 2017-07-16 23:46 | Report Abuse

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.

Tigerchan

361 posts

Posted by Tigerchan > 2017-07-17 11:15 | Report Abuse

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.

viper88

1,798 posts

Posted by viper88 > 2017-07-17 13:12 | Report Abuse

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.

ryan7642

1,998 posts

Posted by ryan7642 > 2017-07-18 21:49 | Report Abuse

Ok just done top up n accumulate today^^

viper88

1,798 posts

Posted by viper88 > 2017-07-20 10:54 | Report Abuse

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.

Posted by Edwardong53 > 2017-07-21 12:14 | Report Abuse

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

viper88

1,798 posts

Posted by viper88 > 2017-07-21 12:31 | Report Abuse

Bintai only left for the big players to make it move coz its been hammered down every time when it tries to move up 0.25 or 0.28 lvl.

Recent few big projects from SG and Mynmar also its price shows no +ve uptrend but keep press down at 0.20. https://www.nst.com.my/business/2017/06/251357/bintai-kindenko-gets-rm122mln-job-singapores-land-transport-authority

Previous big jump/spike up was during 2015 after financial report +ve and potential 2b projects.
http://www.sharetisfy.com/2015/05/bintai-6998-bintai-kinden-surges-5556.html

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.

Tigerchan

361 posts

Posted by Tigerchan > 2017-07-22 11:16 | Report Abuse

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.

viper88

1,798 posts

Posted by viper88 > 2017-07-22 23:38 | Report Abuse

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.

Posted by Eric Sim > 2017-07-28 15:25 | Report Abuse

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.

DickyMe

14,888 posts

Posted by DickyMe > 2017-08-01 12:12 | Report Abuse

What the Fark!

viper88

1,798 posts

Posted by viper88 > 2017-08-01 20:25 | Report Abuse

The court case already final still can appeal.
Since many years court case and appeal many times still apeal.

Posted by Eric Sim > 2017-08-01 23:45 | Report Abuse

Magistrates Courts => Sessions Court => High Court => Court of Appeal => Federal Court

paperplane2016

21,659 posts

Posted by paperplane2016 > 2017-08-01 23:48 | Report Abuse

Which idiot earlier said this stock super good ah? Where is the idiots now

Pak Andak

896 posts

Posted by Pak Andak > 2017-08-01 23:50 | Report Abuse

Average Price Target: 0.39

viper88

1,798 posts

Posted by viper88 > 2017-08-03 19:19 | Report Abuse

Bought some 2day for coming financial qtr play.

mirete1101

140 posts

Posted by mirete1101 > 2017-08-03 20:57 | Report Abuse

Hi viper88,ENYALANG PROPERTY DEVELOPMENT SDN BHD disposed shared recently .what u think?

viper88

1,798 posts

Posted by viper88 > 2017-08-03 21:41 | Report Abuse

mirete1101:

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

viper88

1,798 posts

Posted by viper88 > 2017-08-04 09:26 | Report Abuse

Selling pressure and seller queeue also getting lesser. Kenyalang property was replaced by OPM as one of the new mainshareholders.

viper88

1,798 posts

Posted by viper88 > 2017-08-07 22:15 | Report Abuse

Bintai still trading at 0.195-0.20.

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.

LeeVan

2 posts

Posted by LeeVan > 2017-08-18 17:37 | Report Abuse

What is happenning to this counter?

LeeVan

2 posts

Posted by LeeVan > 2017-08-19 10:23 | Report Abuse

There is no takerfor this counter, it's like pushing dowmward trend.

viper88

1,798 posts

Posted by viper88 > 2017-08-20 20:23 | Report Abuse

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.

Share price rebound been postponed way too long.

Pak Andak

896 posts

Posted by Pak Andak > 2017-08-20 22:30 | Report Abuse

Bintai Kinden unit wins RM32mil job

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.


Read more at http://www.thestar.com.my/business/business-news/2017/06/29/bintai-kinden-unit-wins-rm32mil-job/#IGLolPLPPmOpjP9C.99

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.

Pak Andak

896 posts

Posted by Pak Andak > 2017-08-20 22:31 | Report Abuse

Average Price Target: 0.39
Price Target Upside/Downside: +0.195

viper88

1,798 posts

Posted by viper88 > 2017-08-21 01:18 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/01/07/eye-on-stock-bintai-kinden/
January rally but price didnt follow through support.
Need strong rebound to get out from 0.20 lvl.

mirete1101

140 posts

Posted by mirete1101 > 2017-08-24 20:18 | Report Abuse

viper88, qr still not good, any good point from qr?

viper88

1,798 posts

Posted by viper88 > 2017-08-25 11:48 | Report Abuse

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.

mirete1101

140 posts

Posted by mirete1101 > 2017-08-25 13:15 | Report Abuse

Yhdau2332: now Federal Court ?SBP big company?

Posted by Eric Sim > 2017-08-25 14:15 | Report Abuse

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.

viper88

1,798 posts

Posted by viper88 > 2017-08-26 10:16 | Report Abuse

The court case already dragged more than 8 yrs.
The longer it takes more interest will be charged.

viper88

1,798 posts

Posted by viper88 > 2017-08-28 01:09 | Report Abuse

Early this year also drop low 0.17 and later rebound up strongly with sudden buying interest. http://www.thestar.com.my/business/business-news/2017/01/07/eye-on-stock-bintai-kinden/

Current Bintai price also at low lvl price range, waiting for rebound.

Tigerchan

361 posts

Posted by Tigerchan > 2017-08-28 10:42 | Report Abuse

Bintai is good as gone case.

viper88

1,798 posts

Posted by viper88 > 2017-09-04 23:47 | Report Abuse

Bintai restructuring get RM31.52million. http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=81770&name=EA_GA_ATTACHMENTS

August 30, 2017
http://www.theedgemarkets.com/article/bintai-kinden-nets-rm315mil-it-cuts-stake-singapore-firm

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.

==========================================================

Bintai share price close at 18.5 sen, valuing it at RM53.57 million.

Managed to get RM31.52million after restructuring equal to 10.88 sen value of share price.

Bintai share price should be adjusted 29.38sen with the proceeds gain from the restructuring exercise.

Posted by Kungsing Ting > 2017-09-06 08:39 | Report Abuse

Waiting it down to 0.15 below only buy in. Waiting waiting with popcorn now.

viper88

1,798 posts

Posted by viper88 > 2017-09-06 20:28 | Report Abuse

Restructuring completed get money RM31.52 million + pending court case RM40million+.

Posted by Hua Joshuaayoung > 2017-09-06 22:20 | Report Abuse

tmr agm.. go hut them

viper88

1,798 posts

Posted by viper88 > 2017-09-10 23:05 | Report Abuse

The Edge Financial Daily, on September 8, 2017.

http://www.theedgemarkets.com/article/bintai-kinden-eyes-mechanical-electrical-jobs-data-centre-segment

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.

Tigerchan

361 posts

Posted by Tigerchan > 2017-09-13 10:44 | Report Abuse

Get money also useless. Many project also lose profit.Restructuring also no movement.

DickyMe

14,888 posts

Posted by DickyMe > 2017-09-27 09:28 | Report Abuse

Seems like the CEO is clueless and navigating the ship without a direction. Jack of all trades, master of none.

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