Subject: Bintai Kinden Corporation Berhad (“BKCB” or “Company”) Memorandum of Understanding between Kejuruteraan Bintai Kindenko Sdn Bhd (a wholly-owned subsidiary of BKCB) and Vista Springs Development Sdn Bhd We refer to the announcement made by the Company on 19 October 2017, 18 January 2018 and 18 April 2018 in relation to the Memorandum of Understanding (“MOU”) entered between Kejuruteraan Bintai Kindenko Sdn Bhd (“KBK”) (a wholly-owned subsidiary of BKCB) and Vista Springs Development Sdn Bhd (“VSD”). The Board of Directors of the Company wishes to inform that the status of the MOU remain unchanged.
Some good collection occurred at 0.14 and 0.145 last two weeks, chart also shows minimal bullish for the stock. Hopefully it can remain its pattern for coming weeks.
Still weak retailers playing, Opcom won 11million contracts share price move up high. Bintai won rm50.48mil, +financial qtrs result, won court case money with interest price still struggling to even move up to pre election low price.
Only 290 million shares with current price market capitalization RM43million at 0.15 share price. NAPS at 0.25
Won court case in recent 2 appeal + interest
RM28million + 5% interest for 9 yrs (interest rate of 5% per annum from 3 June 2008 up to 2018) total abt RM40.6million.++
Bintai share price should move up close/more than 2-3x current share price once the receiveable is added in their financial books.
Accumulation shares takes too long and theres no big buying pressures seen yet which is just not aggressive play by the big shareholders/players.. sleeping counter.
Viper88, you are correct and i am thinking the same way with you. What I need is patience and i fell that the share price will move up and above 0.20 some day.
Won contract again. This time from MRCB Builders worth RM13. 3 mil. How many contracts in hand that the company has but share price is still still still low.
Its either the big shareholders still blocking the share price to buying shares at low price or there are not many retailers/players interested to buy this Bintai shares eventho its way too undervalue.
So many big contracts won and coming JV vista spring for Melaka big land property development projects yet price still stuck at low lvl.
KUALA LUMPUR: Bintai Kinden Corporation Bhd menerusi anak syarikatnya, Kejuruteraan Bintai Kindenko Sdn Bhd (KBK) memperoleh kerja bernilai RM13.3 juta daripada MRCB Builders Sdn Bhd, anak syarikat MRCB Group.
Dalam satu makluman kepada Bursa Malaysia, ia berkata subkontrak itu adalah untuk melaksana kerja pembekalan, penyerahan, pemasangan, pengujian dan pentauliahan kerja elektrik berkaitan dengan pembinaan dan penyiapan stesen bertingkat dan kerja berkaitan di Pusat Bandaraya Cyberjaya dan Putrajaya Sentral.
Projek itu dijangka siap pada November 2021 dan dijangka menyumbang secara positif kepada pendapatan, pendapatan sesaham, aset bersih sesaham dan penggearan kumpulan berkenaan untuk tahun kewangan berakhir pada 31 Mac 2019 serta pendapatan masa depan Kumpulan Bintai. -- BERNAMA
Persie, you are right and confidence, it will not break 0.20 cents. So much money receive also cannot move. Bintai want the money to celebrate annual dinner.
Yes, indicators showing bullish positive signal.Trend momentum signal also very strong. Yesterday is only the 1st day big players start buying in Big vol avg at 0.1699. Theres more potential for Bintai to move up even higher.
Yes, big players stil buying today avg 0.177, momentum, rsi, macd and vol transacted all +ve bullish sign. Broke 0.185 high this early morning and +ve indictors heading towards /retest 0.20+. Once broke, next target will go towards 0.23-0.25 range lvl.
Invest if suit own risk and done research/analysis. Dont invest if cant handle the risk, go play other counter.
With recent won more new projects, good financial results, won big receivables from court and won 2 appeal case with financial results not adjusted in yet, Melaka big land and property developmenty JV MOU and coming financial QTR result, Bintai price start to rally up again as last week big vol transaction value close to RM1 million with avg 0.169, today transaction abt RM 0.555million avg 0.177.
How high will Bintai price go up this time? Lets see how the big players push up soon.
The big players that enter last week still inside.. 0.18 range, they have really push up yet.. Recent high 0.195 but back to support base 0.18, real price push up will comes soon with +ve news play and coming financial qtr result. Melaka land and property JV play also in Oct.. The big players should push up high fast, as Bintai price is way too undervalue after court awarded Bintai with big receiveables with interest more the RM40million.
Bintai Kinden receives RM1.63m contract from TNB Posted on 24 August 2018 - 05:21pm sunbiz@thesundaily.com
Print PETALING JAYA: Bintai Kinden Corp Bhd has secured a RM1.63 million contract from Tenaga Nasional Bhd (TNB) to undertake the reconfiguration and retrofitting works for 132kV bulk supply to main intake substation (PMU) 132/33kV KLCC2, Kuala Lumpur.
The group told Bursa Malaysia that the contract is non-renewable and estimated to be completed within 214 days from the commencement date.
Bintai Kinden expects the contract to contribute positively to its revenue and earnings subject to the stages of progress to be recognised in the financial year ending March 31, 2019.
The stock was unchanged at 17 sen with 588,600 shares changing hands.
Persie: Yes, bintai share price is way undervalue. Its current value about RM49million company based on current market share price 0.17. Net asset per share is RM 0.248.
With the court awards Bintai won 2 appeal cases, the receiveables + interest RM40mil++ easily double the company cash which increase the company net asset per share value more than 0.49++. NAPS x 2 = 0.496
Its not yet adjusted in financial result pending receiveables. If included in, share price will soar up high in the range of 0.40 - 0.50+
This month, Aug won another TNB million ringgit contract but price still not shoot up yet. Can see the big players already enter, take position at 0.18, supporting at that price level and going to push it up soon.
Albukhary: Need to invest at the right time to get profit. Bintai financial is getting better and more big contracts flowing in. Big development for Melaka and pending big receiveables.. all these will increase bintai company shares value higher.
If you a trader or investor, if you cant wait and want instant big money, please stay away from bintai and you can buy daily highly volume stock such as saprng, at that time you know how bitter when losing money.
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....
viper88
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Posted by viper88 > 2018-07-26 23:27 | Report Abuse
BINTAI KINDEN CORPORATION BERHAD (290870-P)
Subject: Bintai Kinden Corporation Berhad (“BKCB” or “Company”)
Memorandum of Understanding between Kejuruteraan Bintai Kindenko Sdn Bhd (a
wholly-owned subsidiary of BKCB) and Vista Springs Development Sdn Bhd
We refer to the announcement made by the Company on 19 October 2017, 18 January 2018 and 18
April 2018 in relation to the Memorandum of Understanding (“MOU”) entered between Kejuruteraan
Bintai Kindenko Sdn Bhd (“KBK”) (a wholly-owned subsidiary of BKCB) and Vista Springs
Development Sdn Bhd (“VSD”).
The Board of Directors of the Company wishes to inform that the status of the MOU remain unchanged.
This announcement is dated 18 July 2018.