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Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:10 AM | Report Abuse

Huge profit + cash will be receivable... hold your breath, accumulate in stages now :)

Bina Puri subsidiary wins 2012 abitration case in Pakistan
CORPORATE NEWS
Tuesday, 23 Apr 2019

5:05 PM MYT
image: https://www.thestar.com.my/~/media/online/2018/01/18/08/03/corporatenews16jan2018.ashx/?w=620&h=413&crop=1&hash=0D230B40573BB02542793D7B458D003F1EC190C3


KUALA LUMPUR: Bina Puri Holdings Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

’s subsidiary has won an arbitration case against the Pakistan National Highway Authority (NHA) over the termination of a concession agreement dated jan 16, 2012

Bin Puri said Bina Puri Pakistan Private Ltd had won the case involving the construction of a 136km motorway under the build-operate-transfer for a contract value of 24.93bil Pakistan rupees (RM864mil).

The contract was for the expansion of the existing four-lane Karachi-Hyderabad superhighway into a six-lane motorway (M-9).

To recap, on April 23, 2013, the High Court of Sindh referred the dispute to two arbitrators.

The matter was subsequently referred to the umpire on Sept 27, 2018 upon difference of opinion between the arbitrators.

In the latest development, on March 27, 2019, the umpire held in its decision to allow Bina Puri Pakistan’s claims against NHA with a declaration that the termination notice issued by NHA was an unlawful repudiation and breach of the concession agreement.

“With the decision by the umpire, Bina Puri Pakistan will be entitled to the actual pre-development cost and actual development cost to be determined by joint auditor.

“Bina Puri Pakistan shall apply to enforce the arbitration award and will make the necessary announcement in due course,” Bina Puri said.

Read more at https://www.thestar.com.my/business/business-news/2019/04/23/bina-puri-subsidiary-wins-2012-arbitration-case-in-pakistan/#dod8Bv4kHcjyw4KK.99


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:11 AM | Report Abuse

market cap only RM65mil, easy target for privatisation too :)

Market Cap: 65 Million
NOSH: 382 Million
Avg Volume (4 weeks): 1,691,000
4 Weeks Range: 0.17 - 0.205
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range: 0.165 - 0.295
52 Weeks Price Volatility (%):
3.85%
Average Price Target: 0.49
Price Target Upside/Downside: +0.32


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:12 AM | Report Abuse

for remembrance :)

KUALA LUMPUR (April 22): Bina Puri Holdings Bhd has won an arbitration case against the Pakistan National Highway Authority (NHA) in a dispute relating to the termination of a RM864 million highway concession agreement.

Bina Puri said its subsidiary, Bina Puri Pakistan Private Ltd, had commenced the arbitral proceedings against NHA in April 2013, claiming the termination of the agreement to be unlawful.

The High Court of Sindh had referred the dispute to two arbitrators and the matter had subsequently been referred to the umpire in September 2018 upon difference of opinion between the arbitrators, Bina Puri said in a filing with Bursa Malaysia.

Advertisement

Last month, the umpire made a decision to allow Bina Puri Pakistan's claim for a declaration that the termination notice issued by NHA was an unlawful repudiation and breach of the concession agreement.

The agreement dated Jan 16, 2012 was for the conversion of the 136-km Karachi-Hyderabad superhighway from the existing four-lane into a six-lane motorway on a built-operate-transfer model, at a contract value of 24.93 billion Pakistani rupees (RM864 million).

Bina Puri said its Pakistani unit will be entitled to the actual pre-development cost and actual development cost to be determined by the joint auditor.

Bina Puri's share price gained two sen or 10.3% to close at 21.5 sen today, giving the group a market capitalisation of RM81.97 million.


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:16 AM | Report Abuse

this is another cash cow for bpuri :)

KL-Kuala Selangor Expressway Bhd is the concessionaire for KL-Kuala Selangor Expressway (LATAR), which comprise of 33 km toll expressway with dual carriageway with value in excess of RM958million (USD309mil), spanning from the north of Templer Park, Rawang, in the District of Gombak to Assam Jawa town in the District of Kuala Selangor.
THE EXPRESSWAY FORMS THE NORTH-EAST LINK OF THE KUALA LUMPUR OUTER RING ROAD (KLORR) NETWORK AS PART OF THE TRAFFIC DISPERSAL SYSTEM WITHIN AND AROUND THE GREATER CITY OF KUALA LUMPUR


LATAR was officially opened to public on the 23rd June 2011. It now acts as an alternative route to the Federal Road 54 (Jalan Kuala Selangor) and provides 4 interchanges namely Ijok Interchange, Puncak Alam Interchange, Kuang Interchange and Templer Park Interchange for easy traffic dispersal in and out of the expressway; as well as 3 toll plazas located at Ijok, Kuang Barat & Kuang Timur and Taman Rimba Templer.

LATAR also provides links between major road networks within the Klang Valley by linking the East Cost Expressway (LPT1), the North South Expressway (PLUS) and the future West Coast Expressway (WCE).


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:20 AM | Report Abuse

Financial year changed... audited acc from Jan 1 2018 to 30 June 2019, maybe, purposely extended to take into account the compensation from pakistan haha


OTHERS BINA PURI HOLDINGS BHD. ("BPHB" OR "THE COMPANY") - APPLICATION FOR EXTENSION OF TIME PURSUANT TO SECTIONS 259(2) AND 340 OF THE COMPANIES ACT 2016
BINA PURI HOLDINGS BHD

Type Announcement
Subject OTHERS
Description BINA PURI HOLDINGS BHD. ("BPHB" OR "THE COMPANY") - APPLICATION FOR EXTENSION OF TIME PURSUANT TO SECTIONS 259(2) AND 340 OF THE COMPANIES ACT 2016
Reference is made to the Company’s announcement dated 10 April 2019 regarding the change in financial year end.

The Board of Directors of BPHB wishes to announce that the Companies Commission of Malaysia (“CCM”) had vide its letter dated 19 April 2019 approved the Company's application for an extension of time up till 31 December 2019 to hold the Company's next Annual General Meeting (“AGM”) pursuant to Section 340 of the Companies Act 2016 and to table its Audited Financial Statements made up from 1 January 2018 to 30 June 2019.

This announcement is dated 3 May 2019.


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:22 AM | Report Abuse

:) time to buy now? sudah takut hahaha



Recent Prices
Date Open Range Close Change Volume
27/05/2019 0.17 0.17 - 0.175 0.175 0.00 (0.00%) 198,700
24/05/2019 0.175 0.17 - 0.175 0.175 0.00 (0.00%) 1,023,900
23/05/2019 0.18 0.17 - 0.18 0.175 -0.005 (2.78%) 3,931,900
21/05/2019 0.18 0.18 - 0.185 0.18 -0.005 (2.70%) 218,500
17/05/2019 0.185 0.18 - 0.185 0.185 0.00 (0.00%) 482,500
16/05/2019 0.185 0.18 - 0.19 0.185 0.00 (0.00%) 1,029,900
15/05/2019 0.185 0.185 - 0.19 0.185 -0.005 (2.63%) 471,500
14/05/2019 0.18 0.18 - 0.19 0.19 +0.005 (2.70%) 1,551,600
13/05/2019 0.19 0.185 - 0.19 0.185 -0.005 (2.63%) 3,983,800
10/05/2019 0.19 0.19 - 0.195 0.19 0.00 (0.00%) 1,979,800
09/05/2019 0.195 0.19 - 0.195 0.19 0.00 (0.00%) 629,000
08/05/2019 0.19 0.19 - 0.195 0.19 -0.005 (2.56%) 718,500
07/05/2019 0.195 0.195 - 0.20 0.195 -0.005 (2.50%) 1,532,100
06/05/2019 0.20 0.195 - 0.20 0.20 -0.005 (2.44%) 1,958,500
03/05/2019 0.19 0.19 - 0.205 0.205 +0.015 (7.89%) 4,099,300
02/05/2019 0.195 0.19 - 0.20 0.19 -0.005 (2.56%) 2,481,400
30/04/2019 0.195 0.19 - 0.20 0.195 0.00 (0.00%) 2,456,100


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:23 AM | Report Abuse

developing country like msia needs to construct more.... also shariah compliant haha


Corporate Information
Website : Link
Corporate Name : BINA PURI HOLDINGS BHD
Symbol & Code : BPURI (5932)
Board : MAIN
Shariah : Shariah Compliant Compliant
Sector : Construction
Sub-Sector : Construction


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:24 AM | Report Abuse

pitiful :)

Trade Detail
Trade Value (RM) 48,624
VWAP (RM) 0.173
4 Weeks Range 0.170 - 0.205
4 Weeks Change (%) -10.26
Avg Volume (4 Weeks) 17,348
1 Year Range 0.165 - 0.310
1 Year Change (%) -40.68
Avg Volume (1 Year) 46,606


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:26 AM | Report Abuse

cheap to privatise... market cap rm65mil.... invaluable expertise in many sectors

Bina Puri Holdings Bhd is a public listed company on the Main Board of Bursa Malaysia with more than 43
years of work experience in civil and building construction both locally and internationally. The Group’s
diverse business activities include investment holdings, civil and building engineering management, property
development, highway concession, quarry operations, manufacturing of construction materials, utilities and
hospitality management.
Bina Puri has successfully completed projects such as roads and highways, bridges and interchanges,
waterworks, land reclamation works, residential and commercial buildings, hotels, hospitals, airports and
government complexes. The group has international presence in which it has successfully undertaken
projects in Cambodia, China, Brunei Darussalam, United Arabs Emirates, Saudi Arabia, Pakistan, India,
Indonesia and Thailand.
Bina Puri’s notable investment portfolios include the 33km toll highway linking KL-Kuala Selangor
Expressway, the Main Place Residence and Mall at USJ 21, and power plants in Indonesia.


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:27 AM | Report Abuse

when the new govt has money , they can buyback ... bpuri can get a lot of cash to return to shareholders :)

Bina Puri’s notable investment portfolios include the 33km toll highway linking KL-Kuala Selangor
Expressway


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:42 AM | Report Abuse

bPURI ALSO INCLUDED OR MENTIONED :)

More jobs from Sarawak coastal road project
CONSTRUCTION
Monday, 20 May 2019

by jack wong


The proposed Batang Saribas bridge,with an estimated cost of RM496mil, will be the next to be awarded soon after tender closed in February, according to Sarawak Deputy Chief Minister and Minister of Infrastructure Development and Transportation Tan Sri James Masing (pic).
The proposed Batang Saribas bridge,with an estimated cost of RM496mil, will be the next to be awarded soon after tender closed in February, according to Sarawak Deputy Chief Minister and Minister of Infrastructure Development and Transportation Tan Sri James Masing (pic).

KUCHING: More Sarawak and peninsula-based construction companies are expected to secure jobs under the billion-ringgit Sarawak Coastal Road Network project as the award of contracts picks up momentum.Five contracts – four of them bridge projects across rivers – worth a combined RM1.76bil have been awarded since February.

The coastal road network project, which spans a distance of 896km, involves the construction of nine major bridges across rivers.

The remaining six bridge projects to be awarded in stages are estimated to cost some RM2.4bil.

The proposed Batang Saribas bridge,with an estimated cost of RM496mil, will be the next to be awarded soon after tender closed in February, according to Sarawak Deputy Chief Minister and Minister of Infrastructure Development and Transportation Tan Sri James Masing (pic).

Tender for the Batang Rambungan bridge project (estimated to cost RM142mil) closed earlier this month.

The other three bridge projects are Batang Igan bridge (RM305.8mil) and Batang Lupar bridge (RM866mil), which are expected to be tendered out in third and fourth quarter 2019 respectively as well as Batang Rejang bridge (RM450mil)

Masing said the Batang Rambungan and Batang Igan bridge projects were originally federal-funded projects but had now been undertaken by the Sarawak government.

The Batang Lupar bridge project,originally to be funded by the federal and Sarawak government on a 50:50 sharing basis, has also been fully undertaken by the Sarawak government.

The three bridge projects that have been awarded include Batang Paloh bridge in Mukah Division to Hock Seng Lee Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(HSL) for RM298.98mil.

PPES Works Sarawak Sdn Bhd (a 51%-owned subsidiary of Cahya Mata Sarawak Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

(CMS) and China Communications Construction Company Sdn Bhd Joint Venture was awarded the Bintulu-Jepak bridge project for about RM466.7mil.

The Muara Lassa bridge project has also been awarded for RM598mil and Sungai Krian bridge project for RM75mil.

Also awarded was Jalan Pasi to Jalan Sarikei/Tanjung Manis, including Batang Rejang bridge in Sarikei Division, for RM321mil.

“The open tender basis enables the Sarawak government to get the most qualified contractors technically and commercially, hence enabling it to save a total of RM600mil,” Masing said in a press statement.

Masing said that besides the bridge projects,tenders for some of the sub-packages under the upgrading and rehabilitation of the Sarawak Coastal Road network had closed while others either in the process of tender documentations or under site investigation and design.

The upgrading and rehabilitation project is made up of two main packages – Package A and B,which comprises 13 sub-packages and 10 sub-packages respectively.

The coastal road project, which is expected to be completed within five years,will connect the major and secondary towns statewide to the Pan Borneo Highway, the project of which is close to 40% completion.

Listed construction companies which are doing a good job as main contractors of the Pan Borneo Highway project are said to be front-runners for the coastal road contracts.

Those which have bid for the coastal road project include KKB Engineering Bhd-WCT Holdings Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

JV and Naim Holdings Bhd-Gamuda Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

JV, which are each undertaking one of the work packages for the RM16bil Sarawak Pan Borneo Highway project.

Other listed companies which are main contractors of Pan Borneo Highway project are TRC Synergy Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

,Mudajaya Group Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

,Kimlun Corp Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

,Bina Puri Holdings Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

and Zecon Bhd
image: https://cdn.thestar.com.my/Themes/img/chart.png

.

On the Sarawak-fund Second Trunk Road project, another mega infrastructure project, Masing said the project is now in the design stage.

Ten


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:44 AM | Report Abuse

ecrl RESTARTED also benefits contruction players like bpuri :)

Local contractors want full packages under ECRL - Nation | The Star ...
https://www.thestar.com.my/news/.../local-contractors-want-full-packages-under-ecrl/
Apr 16, 2019 - Bina Puri Holdings Bhd group executive director Datuk Matthew Tee Kai Woon said the news was timely as the construction sector had been ...


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:48 AM | Report Abuse

:)

Bina Puri, Seacera, Gadang, IWC, Ekovest, Sinotop, CCM, Axiata ...
https://www.theedgemarkets.com/.../bina-puri-seacera-gadang-iwc-ekovest-sinotop-cc...
Apr 22, 2019 - Bina Puri Holdings Bhd has won an arbitration case against the Pakistan ... tender for the East Coast Rail Link (ECRL) project at this juncture.


ECRL revival a boon to the economy and the construction sector
https://themalaysianreserve.com/.../ecrl-revival-a-boon-to-the-economy-and-the-const...
Apr 15, 2019 - THE revival of the multibillion East Coast Rail Link (ECRL) is expected to ... Diversified construction group Bina Puri Holdings Bhd, which has ...
[PDF]cover 1 - Bina Puri


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:48 AM | Report Abuse

Rosier outlook for construction? | New Straits Times | Malaysia ...
https://www.nst.com.my/business/2019/01/455145/rosier-outlook-construction
Jan 28, 2019 - Bina Puri Holdings Bhd and its joint-venture with Tim Sekata Sdn Bhd are ... In an exchange filing to Bursa Malaysia recently, Bina Puri said the ... 'Revival of ECRL and PTMP projects to spark optimism in construction sector'.


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:53 AM | Report Abuse

Chinese NGOs rubbish claims that China monopolising our economy ...
https://www.theborneopost.com › News › Nation

May 3, 2018 - ... Rail Link (ECRL) project, developed by China's state-owned China ... Tee who is also Bina Puri Holdings Bhd managing director, said the ...
BINA PURI – THE BEST DEFENSIVE BUY IN BURSA FOR A ...
eaglevisioninvest.com/bina-puri-the-best-defensive-buy-in-bursa-for-a-multiyear-upsi...

ECRL: 70 Peratus Bahan, Pekerja Rakyat Tempatan – MYNEWSHUB
https://www.mynewshub.tv/.../ecrl-70-peratus-bahan-pekerja-rakyat...
Translate this page
May 3, 2018 - Tee, yang juga pengarah urusan Bina Puri Holdings Bhd., syarikat yang terlibat dengan projek ECRL, berkata isu itu adalah antara perkara ...
PressReader - Berita Harian: 2019-01-23
https://www.pressreader.com/malaysia/berita-harian.../textview - Translate this page
Jan 23, 2019 - ... MALAYSIA BATAL KONTRAK BINA ECRL DENGAN SYARIKAT ... Transaksi TH boleh diakses pelanggan CIMB · Bina Puri-tim Sekata JV ...


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 11:55 AM | Report Abuse

Bina Puri, Seacera, Gadang, IWC, Ekovest, Sinotop, CCM, Axiata ...
https://www.theedgemarkets.com/.../bina-puri-seacera-gadang-iwc-ekovest-sinotop-cc...
Apr 22, 2019 - Bina Puri Holdings Bhd has won an arbitration case against the Pakistan ... tender for the East Coast Rail Link (ECRL) project at this juncture.

Green shoots of construction revival | KLSE Screener
https://www.klsescreener.com/v2/news/view/.../green-shoots-of-construction-revival
Jan 26, 2019 - Meanwhile, latest reports say the contract for the RM81bil ECRL has been ... More recently, another mid-sized construction firm Bina Puri ...
ECRL revival a boon to the economy and the construction sector
https://themalaysianreserve.com/.../ecrl-revival-a-boon-to-the-economy-and-the-const...
Apr 15, 2019 - THE revival of the multibillion East Coast Rail Link (ECRL) is expected to ... Diversified construction group Bina Puri Holdings Bhd, which has ...


Good123
2372 posts

Posted by Good123 > May 28, 2019 12:06 PM | Report Abuse

if possible, restart dividend payout to keep the investors' mouth shut hahaha


Good123
2372 posts

Posted by Good123 > May 28, 2019 12:34 PM | Report Abuse

bpuri is a dividend stock until 2015. it was covered by analysts last time. bpuri need to restart paying dividend in order to boost its share price and get analyst coverage and investors' attention again :)


Good123
2372 posts

Posted by Good123 > May 28, 2019 12:35 PM | Report Abuse

a very good entry point at 17.5sen now. :) better late than never


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 2:03 PM | Report Abuse

Till 2015, bpuri gives interim and final dividend with analyst coverage also... hope the tan sri wakes up quickly.... to restart it :)

25-May-2015 08-Jul-2015 DIVIDEND Final Dividend RM 0.0200 Dividend Detail
04-Jun-2014 08-Jul-2014 DIVIDEND Final Dividend 1.5% Dividend Detail
05-Jun-2013 17-Jul-2013 DIVIDEND Final Dividend 2% Dividend Detail
21-May-2012 26-Jun-2012 DIVIDEND Final Dividend 2% Dividend Detail
09-May-2011 08-Jun-2011 DIVIDEND Final Dividend 2% Dividend Detail
18-Nov-2010 20-Dec-2010 DIVIDEND Interim Dividend 2% Dividend Detail
12-Apr-2010 01-Jun-2010 DIVIDEND Final Dividend 2% Dividend Detail
24-Nov-2009 11-Dec-2009 DIVIDEND Interim Dividend 2% Dividend Detail
05-May-2009 17-Jun-2009 DIVIDEND Final Dividend 2% Dividend Detail
25-Nov-2008 10-Dec-2008 DIVIDEND Interim Dividend 2% Dividend Detail
05-May-2008 30-Jul-2008 DIVIDEND Final Dividend 4% Dividend Detail
27-Nov-2007 10-Dec-2007 DIVIDEND Interim Dividend 2% Dividend Detail
11-May-2007 06-Jun-2007 DIVIDEND Final Dividend 3% Dividend Detail
28-Aug-2006 14-Sep-2006 DIVIDEND Interim Dividend 2% Dividend Detail
30-May-2006 26-Jun-2006 DIVIDEND Final Dividend 2% Dividend Detail
29-Aug-2005 13-Sep-2005 DIVIDEND Interim Dividend 3% Dividend Detail
05-Aug-2003 21-Aug-2003 RIGHTS_ISSUE Rights Issue 1 : 1 Dividend Detail
12-Jun-2003 27-Jun-2003 DIVIDEND Interim Dividend 3% Dividend Detail


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 2:03 PM | Report Abuse

Bina Puri, Seacera, Gadang, IWC, Ekovest, Sinotop, CCM, Axiata ...
https://www.theedgemarkets.com/.../bina-puri-seacera-gadang-iwc-ekovest-sinotop-cc...
Apr 22, 2019 - Bina Puri Holdings Bhd has won an arbitration case against the Pakistan ... tender for the East Coast Rail Link (ECRL) project at this juncture.

Green shoots of construction revival | KLSE Screener
https://www.klsescreener.com/v2/news/view/.../green-shoots-of-construction-revival
Jan 26, 2019 - Meanwhile, latest reports say the contract for the RM81bil ECRL has been ... More recently, another mid-sized construction firm Bina Puri ...
ECRL revival a boon to the economy and the construction sector
https://themalaysianreserve.com/.../ecrl-revival-a-boon-to-the-economy-and-the-const...
Apr 15, 2019 - THE revival of the multibillion East Coast Rail Link (ECRL) is expected to ... Diversified construction group Bina Puri Holdings Bhd, which has ...


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 3:08 PM | Report Abuse

share price in 2017, 16, 15, 14 & 2013

- High 0.485 0.50 0.65 0.782 0.875
- Low 0.33 0.36 0.33 0.50 0.57
-Today 0.175 (2019)


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 3:13 PM | Report Abuse

Last coverage by TA analyst in 2017 in Malaysia :)

http://www.binapuri.com.my/public/investor-analyst-reports.aspx

Review
 BPURI’s FY16 core profit of RM12.9mn came in within expectation, accounting for 102.5% of our full-year forecast.
 YoY, FY16 core profit surged 42.1% despite the top line was 17.8% lower at RM1,046.9mn. The improved results were due mainly to favourable job mix with lower minority interest. Better performance of the power division arising from higher generating capacity was offset by weaker performance by its construction, property, building materials and polyol divisions.
 QoQ, the core profit jumped 183.7% to RM6.1mn, mainly boosted by stronger performance of its construction, property and power divisions, as well as higher other operating income.
Impact
 Adjustments to our earnings forecasts are made to reflect i) actual RM561mn of construction contracts secured in FY16 versus our assumptions of RM1.0bn; and actual FY16 property sales of RM190mn versus our assumptions of RM100.0mn. All in, FY17 earnings forecast is reduced by 1.7% but earnings estimate for FY18 is raised by 10.9%.
Outlook
 Currently the group has an outstanding order book of RM1.6bn, translating into 1.9x FY16 construction revenue. This would provide earnings visibility to the group for the next 3 years.
 Its property division has an healthy unbilled sales of RM195mn after recording property sales of RM190mn in FY16, versus about RM100mn a year earlier.
Valuation
 In view of the encouraging property sales, we raise the target PE multiple for BPURI from 7x to 8x. We raise the target price of BPURI from RM0.435 to RM0.49, Maintain HOLD call on BPURI.


valensi88
70 posts

Posted by valensi88 > May 28, 2019 3:28 PM | Report Abuse

wait until July


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 3:48 PM | Report Abuse

WHEN THE RESULTS ARE ANNOUNCED LATER, include the compensation from pakistan, etc. :)

Bina Puri Holdings Bhd is a public listed company on the Main Board of Bursa Malaysia with more than 40 years of work experience in civil and building construction both locally and internationally. The Group’s diverse business activities include investment holdings, civil and building engineering management, property development, highway concession, quarry operations, manufacturing of construction materials, utilities and hospitality management.

The Group is certified with the Integrated Management System of MS ISO 9001:2008, OHSAS 18001, MS 1722:2011 and MS 14001:2004 certifications and won many accolades worthy of mention including the Prominent Player Award 2005 (MCIEA 2005), the Contractor Award 2007: Grade G7 (MCIEA 2007), the Major Project Award 2012 (MCIEA 2012) and the International Achievement Award (MCIEA 2008, 2011 and Special Mention in 2016) by the Construction Industry Development Board of Malaysia (CIDB). Bina Puri also won prestigious award of the BrandLaureate-Best Brand Awards 2011-2012 for the Corporate Branding – Best Brand in Construction. At the Asia Pacific Property Award 2016-2017, Bina Puri won two award categories- the Highly Commended Residential Renovation/ Redevelopment Malaysia and the Highly Commended Commercial Renovation/ Redevelopment Malaysia.


Bina Puri has successfully completed projects such as roads and highways, bridges and interchanges, waterworks, land reclamation works, residential and commercial buildings, hotels, hospitals, airports and government complexes. The group has international presence in which it has successfully undertaken projects in Cambodia, China, Brunei Darussalam, United Arabs Emirates, Saudi Arabia, Pakistan, India, Indonesia and Thailand.


Bina Puri’s notable list of investment portfolios includes the 33km toll highway linking KL-Kuala Selangor Expressway, the Main Place Residence and Mall at USJ 21, and power plants in Indonesia.


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 3:49 PM | Report Abuse

bpuri can spin off the toll highway for IPO in future too :)


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 3:54 PM | Report Abuse

core biz :) but market cap rm65mil+ only now

CIVIL & BUILDING CONSTRUCTION
QUARRY OPERATIONS AND CONSTRUCTION MATERIALS
PROPERTY DEVELOPMENT
HIGHWAY CONCESSION
UTILITIES
HOSPITALITY


Good123
2372 posts

Posted by Good123 > May 28, 2019 4:11 PM | Report Abuse

biz model is like gamuda but the share price was far behind... bpuri needs to reduce liabilities continuously and ensure able to pay dividend...noted a big difference in share price due to dividend payout


Good123
2372 posts

Posted by Good123 > May 28, 2019 4:12 PM | Report Abuse

chasing profit is better than chasing big revenue figure :)


Good123
2372 posts

Posted by Good123 > May 28, 2019 4:15 PM | Report Abuse

even hohup fell to 30sen , now recovering to 60sen .. construction sector will boom again with ecrl, bandar msia, her 2020, etc...


Good123
2372 posts

Posted by Good123 > May 28, 2019 4:16 PM | Report Abuse

HSR 2020 NEXT YEAR starts hopefully


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 5:40 PM | Report Abuse

Bina puri should sell it or spin it off via IPO... look at MUI also willing to sell corus hotel UK.

Construction of the LATAR KL-Kuala Selangor Expressway commenced in 2008 when a supplemental concession agreement was signed on 28 February 2008 with the Ministry of Works representing the Government of Malaysia.

Subsequently, Bina Puri Holdings Bhd reduced its stake in KLSEB to 50% while Arena Irama Sdn Bhd increased its stake to 50%. The Company achieved financial close in October 2008 with a total of RM1.04 billion loan from Bank Pembangunan Malaysia and the Islamic Development Bank.

The Company has a 40-year concession on the LATAR Expressway. The concession was awarded on a Build-Operate-Transfer (BOT) scheme in which the Company is responsible to finance, design, construct, operate and maintain the expressway.


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 5:42 PM | Report Abuse

bina puri needs to change the CEO & CFO, share price keeps falling from RM1+ in the past haha


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 5:44 PM | Report Abuse

another option is for the largest shareholders to cash out , selling it to bigger group :) also, not holding a lot of share haha

TEE's FAMILY LOSING GRIP
Author: kokokai1993 | Publish date: Tue, 15 Jan 2019, 12:33 PM

BPURI - TEE's FAMILY LOSING GRIP

With the recent headwinds of Bina Puri unable to carry forward its special resolution due to failure of obtaining the 75% voting for the special resolution, we can suspect there is something fishy going on in the board.

Firstly, Bina Puri announced the proposal on 28 August 2018 which contains “Proposed Acquisition” and “Proposed Amendments”.

The proposal mainly sums up to tell us that Bina Puri is in consideration of purchasing 54.50% equity interest of Ideal Heights Properties Sdn Bhd (IHP) by issuing ordinary shares and new redeemable preference shares at an issue price of RM0.2498.

To let you readers to understand better on this proposal, I have done some summaries on the acquisition proposal.



1) In order to purchase 54.50% of IHP, Bina Puri has to acquire 2,477,108 ordinary shares of IHP

Ordinary Resolution - Proposed Acquisition – Required majority vote of 50% (passed)

Total Cost - RM 42,682,343



2) How to get their funding?

Special resolution - Proposed Amendments – Required majority votes of 75% (failed)

I) Issuance of new Bina Puri shares @ 95,112,573 shares which could help Bina Puri to gather a sum of RM23,759,121

AND

II) Consideration RPS at an issue price of RM0.2498 – a sum of RM10,110,565 (in details please refer to Bursa)

III) Retention RPS at an issue price of RM0.2498 – a sum of RM8,812,657 (in details please refer to Bursa)

TOTAL – RM 42,682,343

Take note that without both proposals approved, this acquisition would not be succeeded.


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 5:50 PM | Report Abuse

Bina Puri Holdings Bhd group executive director Datuk Matthew Tee Kai Woon said the news was timely as the construction sector had been lacking a stimulus factor after the general election. He said the project was important as it would move the relationship between the two countries forward.

Local contractors want full packages under ECRL
NATION
Tuesday, 16 Apr 2019

by mazwin nik anis, joseph kaos jr, and martin carvalho


Read more at https://www.thestar.com.my/news/nation/2019/04/16/local-contractors-want-full-packages-under-ecrl/#CPD10taZyxlkTwhI.99

Read more at https://www.thestar.com.my/news/nation/2019/04/16/local-contractors-want-full-packages-under-ecrl/#CPD10taZyxlkTwhI.99


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 5:52 PM | Report Abuse

Quite old already, pass the reign to your son / daughter like MUI haha


Tan Sri Datuk Tee Hock Seng, JP
(Group Managing Director)
Tan Sri Datuk Tee Hock Seng, JP, Malaysian, aged 69, was appointed to the Board on 5 November 1990 and was subsequently appointed as the Group Managing Director on 22 November 1994. He is an experienced entrepreneur with more than 40 years business acumen in trading, construction and development. He is responsible for the day-to-day operations of the Group.

Currently, he is an Exco member of Malaysia South-South Association and Perdana Leadership Foundation. He is a Director of Malaysian South-South Corporation Bhd.

He also serves as the Honorary President of The Federation of Hokkien Associations of Malaysia, Honorary Chairman of the Malaysia Quarries Association, Honorary Chairman of The International Fellowship of Eng Choon Associates, President of the Kuala Lumpur Eng Choon Hoey Kuan, Chairman of the Chinese Maternity Hospital (CMH) and Deputy President of Tung Shin Hospital and Chairman, Board of Governors of SMJK Confucian. He is also the Honorary Chairman of the Young Malaysians Movement and The Federation of Malaysian Clans & Guilds Association as well as an elder of Elim Chapel.

He was appointed a member of the Senate (Ahli Dewan Negara), Parliament of Malaysia on 15 July 2008 for a duration of three years and had served as Treasurer-General of Malaysian Chinese Association (MCA) from 2008 to 2010.

A respected individual in the construction industry, he was accorded the “Most Prominent Player” by the Construction Industry Development Board in 2005, being one of the highest individual award recognised by the industry.

He is also the Chairman of the Group Executive Committee and a member of the Remuneration Committee.

Copyright 2013 © Bina Puri Holdings Bhd (Co. No. 207184-X). All rights reserved. Contact Us | Careers


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 5:59 PM | Report Abuse

studied overseas and with all the paper qualifications also useless. share price keeps falling and no dividend payout since 2016. hahaha

Datuk Matthew Tee Kai Woon
(Group Executive Director)
Datuk Matthew Tee Kai Woon, Malaysian, aged 43, joined the Company in December 2003 as Special Assistant to the Group Managing Director. He was appointed as Executive Director on 1 December 2009 and was redesignated as Group Executive Director on 7 March 2013.

He is a Chartered Accountant and holds a Bachelor of Commerce (Accounting and Marketing) from the University of Auckland, New Zealand. He has been a member of the Malaysian Institute of Accountants (MIA) since 2002 and was duly awarded the status, Fellow Certified Practising Accountant (FCPA) by CPA Australia in March 2016. He is also a Certified Financial Planner (Financial Planning Association of Malaysia).

Previously, he was the Administrator of the Chinese Maternity Hospital from 2001 to 2003 and was once attached to PricewaterhouseCoopers in the audit department from 1999 to 2001. He was also a Business Services Accountant with Marsden B. Robinson Chartered Accountants (New Zealand) from 1998 to 1999.

Datuk Matthew Tee is the Immediate Past President of the Master Builders Association Malaysia (MBAM), serving as President from 2012 to 2016. Previously, he served as a Board member of Construction Industry Development Board Malaysia (CIDB Malaysia) from 2013 to 2016 and Construction Labour Exchange Centre Berhad (CLAB) from 2012 to 2016.

Presently, he is the President of the International Federation of Asian and Western Pacific Contractors’ Association (IFAWPCA). He sits in the Board of Advisory of CLAB as well as a member of the Advisory Committee on Hotel and Tourism Management by the Chinese University of Hong Kong for the term 2017-2018. He is also the Honorary Treasurer General of Malaysian Steel Structural Association (MSSA).

On 24 January 2017, he was appointed as an Independent Non-Executive Director of Chin Teck Plantations Berhad. He also holds directorships in other companies.

Datuk Matthew Tee Kai Woon is a member of the Group Executive Committee.



Copyright 2013 © Bina Puri Holdings Bhd (Co. No. 207184-X). All rights reserved. Contact Us | Careers


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 6:04 PM | Report Abuse

any update on this project? :)

RM15 billion GDV Kuantan Waterfront Resort City
October 11, 2016 by kopiandproperty.com
GDVs, even for Malaysian developers are getting every larger. Perhaps this is a sign of times, of the growing Malaysian developers. Another one was just announced in many medias. Bina Puri Holdings Bhd and CCCC Dredging (Group) Co Ltd will be forming a consortium for the Kuantan Waterfront Resort City with each having a 50 percent stake. The project would have agross development value (GDV) of RM15bil to be built over a period of 10 years. Bina Puri Holdings Bhd chairman Tan Seri Datuk Wong Foon Meng said “Bina Puri will undertake the development of the waterfront while the reclamation work will be carried out by CCCC Dredging.”

The project will start with two serviced apartment blocks and a waterfront food and beverages complex. Overall, the development comprises a residential development, commercial development and education as well as medical tourism facilities. The first phase which are the serviced apartment blocks and waterfront food and beverage complex is 70 percent sold and most of the buyers are from the East Coast. Kuantan Waterfront Resort City will be Kuantan’s first integrated resort, leisure and entertainment destination and it is just 2km away from the Kuantan city. Total area covers 500 acres of reclaimed land.

kuantanWant to know a little bit more about Kuantan? Besides just reading wiki, here’s a blog to help you too. Kuantan’s beach faces the South China Sea which is definitely an awesome view. As for the sand, I understand from my friend who is from Kuantan that it’s definitely ‘whiter’ than the sand in Batu Ferringhi Penang. Distance wise, Kuantan is 233km away from Kuala Lumpur and this entails a driving duration of about 2 hours and 30 minutes. I think I will pay my friend a visit the next time she goes home. My kids love the beaches and we have been to Morib way too many times and the beach as everyone knows is not exactly white in colour. More awesome places in Malaysia is always welcomed.

written on 10 Oct 2016


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 6:06 PM | Report Abuse

ECRL restarted, so, this could be the jewel for bpuri if still on :)

Vigorous growth in East Coast state
Posted on January 19, 2017 | 2568 views | Topic : News & Articles, Property News.

KWRC_Master_plan_2PETALING JAYA: Rail, port and industrial park developments are poised to spur growth in the east coast, prompting vigorous expansion in local housing and tourism market, including the iconic waterfront gem, Kuantan Waterfront Resort City (KWRC).

Located two km from Kuantan city centre, KWRC will sprawl 500 acres of reclaimed land at Tanjung Lumpur.

The project with a gross development value (GDV) of RM15bil is developed by Ideal Heights Development Sdn Bhd, and is set to be Kuantan’s first integrated resort, leisure and entertainment destination within the waterfront living enclave.

According to statement, it will create 5,000 jobs and attract more than one million visitors after its 10 years of development period.

KWRC’s iconic landmark is the 59-story luxury tower, in which reclamation will commence from the middle of next year and will be completed within three years.

Phase 1 of the development consists of two blocks of serviced apartment and a waterfront F&B complex with a GDV of RM350mil. It received positive response from buyer with a take-up rate of over 70%. The expected completion date is set in 2018.

The other components will include water themepark, indoor aquaria, international cruise terminal, duty free complex, premium outlets, themed shopping mall, waterfront promenade, hotels, resorts and convention centre.

The residential development will offer waterfront and seafront terraces, semi-detached houses, bungalows, high-rise condominiums and low-rise duplex villas.

Meanwhile, the commercial development will also have a business park, corporate towers and showrooms, commercial shop lots and serviced apartments. It will also have a private international school, medical centre and a retirement village.

Ideal Heights Development Sdn Bhd is a joint-venture of Ideal Heights Properties Sdn Bhd, which is a member of Bina Puri Holdings Bhd and Newston International Group Sdn Bhd.

Phase 1
Phase 1

Industrial Growth in Pahang
The statement said KWRC will complement the RM3bil expansion of Kuantan Port into a deepwater harbour and the development of the Malaysia-China integrated National Industrial Park.

These two projects are part of the Pahang state government’s masterplan to re-energise Kuantan and its periphery.

Bina Puri Holdings group executive director Datuk Matthew Tee said the synergy from peripheral developments at the expanded Kuantan Port and the joint venture project by a Malaysia-China consortium to build the first industrial park in Malaysia will accelerate economic growth in Kuantan.

“The expanded port will help enhance its position as the quickest and most direct route between Malaysia and ports in China’s eastern region.

“The completion of the project will also see Kuantan cementing its status as the integrated industrial and logistics hub for the region,” said Tee.

At a recent signing ceremony of the partnership attended by Transport Minister Datuk Seri Liow Tiong Lai and Bina Puri Holdings Bhd chairman Tan Sri Wong Foon Meng, it was announced that the consortium is between CCCC Dredging (Group) Co Ltd, an international construction player, and Bina Puri Holdings Bhd, both holding equal shares.

The RM4.2bil integrated joint-venture steel mill between Qizhou and Malaysia will go on stream soon producing high carbon steel and H-shaped steel with an annual production capacity of 3.5 million tonnes in 2017. This steel facility, when fully developed in year 2020, on a 710-acre site will create 12,000 jobs.

The Federal Government has also announced the approval of a new East Coast rail line costing RM55bil.

Waterfront_FB_Outlets
Industrial development spurs housing demand
Ideal Heights Development Sdn Bhd executive director Heap Wei Guan said the expected increase of industrial development in Pahang would spur demand for housing.

“From the integrated steel mill itself, you are talking about 6,000 jobs opportunities who will need to have a roof over their heads.

“The East Coast Rail will also turn pockets of prime land along East Coast States into growth centres because of interconnectivity,” he said.


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 6:08 PM | Report Abuse

wow, it is on... http://kwrc.com.my/


Victor Yong
4744 posts

Posted by Victor Yong > May 28, 2019 6:09 PM | Report Abuse

hahaha

Date Press Title Press
11.10.2016 Signing Ceremony KWRC Bina Puri – Press Release
27.02.2015
Kuantan Waterfront pilihan tepat Berita Harian
27.04.2013 KWRC Majukan Pahang ‘Bandar Resort Pinggir Air’ Berita Harian
27.10.2012 Tourism booster for Kuantan The Star
19.10.2012 Projek KWRC 1.6 Bilion Berita Harian
19.10.2012 KWRC Tarikan terbaru Kuantan Utusan Malaysia
19.10.2012 Nanyang Siang Pau Nanyang Siang Pau
19.10.2012 Jaminan MB Sinar Harian
19.10.2012 Jaminan Kerajaan Negeri Sinar Harian
19.10.2012 Nanyang Siang Pau Front Page Nanyang Siang Pau
19.10.2012 KWRC tak jejas penempatan penduduk Harian Metro


Good123
2372 posts

Posted by Good123 > May 28, 2019 6:23 PM | Report Abuse

share price tak naik jika directors dapat gaji besar .. shareholders get nothing... either the directors are stupid or greedy ,tak tau unlock value for shareholders


Investsucess Trader
3224 posts

Posted by Investsucess Trader > May 28, 2019 7:53 PM | Report Abuse

Ever construction stocks green only this one red,


Thepainfultruth
222 posts

Posted by Thepainfultruth > May 28, 2019 10:36 PM | Report Abuse

Years of mismanagement leads plunged share price.

MD is very think face to not resign.


Victor Yong
4744 posts

Posted by Victor Yong > May 29, 2019 9:11 AM | Report Abuse

probably, the MD and son will buy more shares to gain control of the company. recently, they tried to get more bpuri shares by injecting private companies in bpuri but rejected by other shareholders if not mistaken... so, at current price level, they would probably increase their stakes unless they dont have money haha


Victor Yong
4744 posts

Posted by Victor Yong > May 29, 2019 9:14 AM | Report Abuse

In Malaysia, construction sector will flourish, still a developing country, and govt always it to boost the economy because this construction industry has many multiplier effects


Victor Yong
4744 posts

Posted by Victor Yong > May 29, 2019 9:18 AM | Report Abuse

it has more than RM100mil+ as reserves/retained earnings, as at 31.12.2018... They should declare a bit cash dividend or share dividend to make the investors happy.


Victor Yong
4744 posts

Posted by Victor Yong > May 29, 2019 9:21 AM | Report Abuse

bpuri should sell or dispose off its toll highway to get the cash like what MUI did for its corus hotel in UK... Talam Transform is selling assets to reduce liabilities. It is good move to manage gearing well


Victor Yong
4744 posts

Posted by Victor Yong > May 29, 2019 9:37 AM | Report Abuse

after stopped paying dividend in 2016, analyst also stopped coverage of bpuri in 2017. Bpuri should restart cash dividend or share dividend... retained earnings sitting in the account as at 31.12.2018 was more than RM100mil. or the MD wanted to privatise bpuri cheaply... purposely not paying dividend to get the share down to this level and without coverage done by any analyst


Victor Yong
4744 posts

Posted by Victor Yong > May 29, 2019 9:46 AM | Report Abuse

Quartely profitability was rising like mad, but share price was getting lower to this level even with net assets per share about 70 sen. retained earnings for dividend was more RM100mil sitting in the accounts as at 31.12.2018. Shareholders should remove this pair.. MD & son are so stupid...



Thursday, 28 Feb 2019

6:17PM BPURI Financial year end net profit 19.382 million (increased 55.74%)


Friday, 30 Nov 2018

5:16PM BPURI Nine-month net profit 13.299 million (increased 96.99%)


Tuesday, 28 Aug 2018

6:40PM BPURI 1H net profit 9.894 million (increased 240.94%)

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