Highlights
KLSE: BINTAI (6998)       BINTAI KINDEN CORP BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.135   -0.005 (3.57%)  0.135 - 0.14  579,600
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Overview

Market Cap: 39 Million
NOSH: 290 Million
Avg Volume (4 weeks):274,818
4 Weeks Range:0.125 - 0.15
4 Weeks Price Volatility (%):
40.00%
52 Weeks Range:0.115 - 0.195
52 Weeks Price Volatility (%):
25.00%
Average Price Target: 0.39
Price Target Upside/Downside: +0.255

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#2]  |  22-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  22-Feb-2019
T4Q P/E | EY: 10.56  |  9.47%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.2483  |  0.54
T4Q NP Margin | ROE: 3.94%  |  5.15%

Headlines

Date Subject
30-Oct-2018 PublicInvest Research Headlines - 30 Oct 2018
25-Sep-2018 Mplus Market Pulse - 25 Sept 2018
25-Sep-2018 PublicInvest Research Headlines - 25 Sept 2018
10-Sep-2018 持逾1.4亿合约.民泰近电前景可期
27-Aug-2018 PublicInvest Research Headlines - 27 Aug 2018
10-Aug-2018 PublicInvest Research Headlines - 10 Aug 2018
10-Aug-2018 Mplus Market Pulse - 10 Aug 2018
16-Jul-2018 PublicInvest Research Headlines - 16 Jul 2018
16-Jul-2018 Mplus Market Pulse - 16 Jul 2018

Business Background

Bintai Kinden Corp Bhd is a Malaysian investment holding company. Its business activities are specialized mechanical and electrical engineering services and environment and facilities management services; undertake turnkey, infrastructure, civil and structural construction project; and trading in building materials. Its other business practices are property development of residential properties; concession arrangements in the construction and maintenance of facilities and infrastructure; and investment holding in quoted and unquoted shares and other investment-related activities. The majority of the company’s revenue comes from Singapore.
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  8 people like this.
 
Darren95 contract from tnb rm1.63million
24/08/2018 18:20
Kim Yu can you send me the link
24/08/2018 18:23
persie Won contract again fron TNB. Hahaha.. TNB trusted contractor.
24/08/2018 18:27
Kim Yu small amount only
24/08/2018 18:39
Kim Yu i buy 0.14
24/08/2018 18:39
Kim Yu next week can fly?
24/08/2018 18:43
Darren95 0.18 i think
24/08/2018 18:49
Kim Yu 0.2 possible?
24/08/2018 18:52
Kim Yu 30% limit up ? possible?
24/08/2018 19:09
Kim Yu i put TP 0.3
24/08/2018 19:14
viper88 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.


http://www.thesundaily.my/news/2018/08/24/bintai-kinden-receives-rm163m-contract-tnb

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.
24/08/2018 19:46
Kim Yu we try to push 0.3
24/08/2018 20:09
persie With the current contracts in hand and ongoing projects is being done, 0.20 is still cheap for bintai.
24/08/2018 22:43
persie With the current contracts in hand and ongoing projects is being done, 0.20 is still cheap for bintai.
24/08/2018 22:43
viper88 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+

Last month July already won TNB RM50.48million contracts.
http://www.thesundaily.my/news/2018/07/13/bintai-kinden-secures-rm5048m-contract-tnb

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.
25/08/2018 11:01
Albukhary Frankly speaking, Bintai is a good company if you looking for job, their remuneration package and benefit are not bad.

However, if you are a investor, then this is not a good company to invest, this company never value their shareholder.
25/08/2018 11:29
viper88 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.
25/08/2018 14:14
persie 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.
25/08/2018 14:29
Franky Ngo next week will fly
25/08/2018 19:07
Franky Ngo big up
25/08/2018 19:07
viper88 Bintai have 290 million shares about the same number of AWC shares 270million.
Both company traded about the same price 0.30+ in 2015 but now AWC already 0.76 but bintai still 0.17 so far lagging behind.

Bintai have RI at 20sen 9:10 in 2015.
Bintai private share placement at 0.32 in 2015.

With so many local and overseas big projects/contracts, Bintai share price been press down low price for accumulation way too long, time to move up high to its fair market value price.
26/08/2018 18:58
Darren95 qr out
27/08/2018 17:16
viper88 13 July 2018
won TNB RM50.48million contracts.
http://www.thesundaily.my/news/2018/07/13/bintai-kinden-secures-rm5048m-contract-tnb


9 August 2018
Won RM13.3 ,millon from MRCB
https://www.bharian.com.my/bisnes/korporat/2018/08/459955/bintai-kinden-raih-subkontrak-rm133-juta

24 August 2018
Bintai Kinden receives RM1.63m contract from TNB
http://www.thesundaily.my/news/2018/08/24/bintai-kinden-receives-rm163m-contract-tnb

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

Fin qtr profit bfr tax 0.744million. +ve financial result.
27/08/2018 23:02
Jordan Khoo Nice ! Start taking profit, thanks.
28/08/2018 10:08
persie Even a good company, this stock needs fresh news everyday to move upward.
29/08/2018 14:27
viper88 Financial qtr +ve profit result but big players didnt push up much higher.
Price still below pre- election price even after won more than RM65million + contracts from TNB and MRCB.
03/09/2018 11:56
Jasper Coo Best timing to invest now, buy more earn more hehehe
05/09/2018 10:58
viper88 http://www.sinchew.com.my/node/1792491/持逾14亿合约.民泰近电前景可期
10/9/18

Bintai (bintai,6998) currently holds M&E contracts worth between RM 130 million and RM 140 million and is expected to contribute significant revenue over the next two years,including MRT 2 (MRT2) and National Energy (TENAGA,5347).

Wang Chunlei, the company's managing director, said recently after the shareholders ' meeting, the two-year period is the peak of the electrical and mechanical engineering services business, the business is expected to have a positive contribution in the fiscal year 2019.

State energy is the company's main customer, public facilities contracts accounted for about 30% of the M & E Business, the company expects to increase to 50% in the future.

Wang Chunlei said the government decided to cancel the new construction project in order to reduce spending, the new project cost huge, but in recent years, the majority of M & E services are mainly to renovate the old facilities, so I believe will not be affected.

“Many of Malaysia's public facilities are aging and need to be regularly renovated to repair the old facilities to avoid a repeat of the 1990s blackout, so this is a project that cannot be removed, " he said.”

For example, some of Malaysia's substations have been maintained for decades and need to be refurbished.But at the same time, he said, Min Tai near the core business of the main materials of electricity wire in the copper wire, Malaysia is not production, it can only rely on imports.
20/09/2018 00:56
persie Won contract again by TNB. Now RM14mil. Dont worry, share price will not go up.. I dont know why.
24/09/2018 17:15
viper88 Won alot local and overseas projects showing the company have the credibility to get big projects /contracts but the mainshareholders, big investors and retailers still not pushing up the price yet unlike in year 2015 & 2016 big spike jump in share price. If compare with its same peers, Bintai share price is underperform and far below its NAPS.


=====================================================================
http://www.theedgemarkets.com/article/bintai-kinden-bags-rm14m-gas-insulated-switchgear-contract

KUALA LUMPUR (Sep 24): Bintai Kinden Corporation Bhd has bagged a RM14.03 million contract from Tenaga Nasional Bhd to set up a 132kV gas insulated switchgear switching station at Kuchai Lama, Kuala Lumpur.

The group's wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd accepted the award, Bintai Kinden said in a filing today.

It said the contract is non-renewable and estimated to be completed within 710 days from the commencement date.

The group said the contract will contribute positively to its revenue and earnings for the financial year ending March 31, 2019, and to its future earnings and net assets per share.

Bintai Kinden's shares closed unchanged today at 15 sen, for a market capitalisation of RM43.14 million.
25/09/2018 01:17
viper88 Recent high 0.195, big buying avg 0.18 and 0.17 recently during fin qtr week. Now price still not moving up much even won more big projects locally.

13 July 2018
won TNB RM50.48million contracts.

9 August 2018
Won RM13.3 ,millon from MRCB

24 August 2018
receives RM1.63m contract from TNB

24 Sept 2018
won RM14.03 million contract from Tenaga Nasional Bhd


Total projects won this year abt RM 80 million contracts but share price only 0.165.
26/09/2018 11:41
viper88 MOU JV with Vista spring last yr 19/10/17, -> 18/1/18 -> 17/4/18 -> 18/10/18.

Share price been stagnant and not going anywhere even after so many new projects won, won court case and improve in financial qtrs.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=86590&name=EA_GA_ATTACHMENTS

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 and 18 January 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 KBK and VSD have on 17 April 2018,
agreed to extend the MOU for a further period of six (6) months until 18 October 2018.
The Company will make the appropriate announcement on any new development of the MOU in due
course.
This announcement is dated 18 April 2018.
09/10/2018 23:38
viper88 Keep extending MOU till next yr April 2019

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=90263&name=EA_GA_ATTACHMENTS
18/10/2018 22:52
Jolin Lai Chi Pet bought some on today...............i see many big project coming in future
26/10/2018 12:43
viper88 Need big players to push share price up. Recently try to break 0.20 but weak market and support, down back to low support lvl. Maybe after budget annoucement will move.
30/10/2018 12:05
hornbill Save to accumulative now profit is real.
30/10/2018 15:10
viper88 Budget annoucement 2/11/18 tomorrow. Hope will boost market and also this Bintai..
Very bad low stock price but yet to move up. With so many big contracts secured and won big court money, share price still below 0.20.
01/11/2018 15:40
viper88 Seacera also can shoot up high after drop low, this bintai drop low but still not moving up yet.
02/11/2018 11:00
hornbill Wait for quarterly result out if good will fly.
19/11/2018 13:16
viper88 Should be next week week if follow its previous year date. Price been stuck at low lvl so long, need move.
21/11/2018 21:56
NoEmo Expect it to announce its qr the day after tomorrow.
21/11/2018 23:52
viper88 Fin result out.
Thursday, 22 Nov 2018, 5:10PM
BINTAI 1H net profit 0.256 million
NAPS as end of qtr 0.25
22/11/2018 19:35
Nicholasming91 Sei bintai
22/11/2018 19:46
viper88 US futures up 200+.. bintai closing also up.
26/11/2018 18:44
commonsense The company has never been able to deliver any meaningful profit to its shareholder for the past 10 years. Even at the height of its revenue of RM683mil recorded during FY17, it still recorded a core profit loss of RM8.9mil (after deducting impairment loss on receivables and forex loses). The 6m19 result also did not provide any confidence to management’s ability to help turnaround the company with revenue dropping by almost 70% to RM61mil from RM189mil recorded in 6m18. Profit did a lot better but still too small to be consider as a turnaround at only RM250k for the 1H19.

With short term debt amounting to RM40mil and cash reserves of only RM7mil, management will need to raised the capital fast in order to pay their obligation.

That being said there is still some potential for Bintai especially from its acquisition of Optimal Property Management (OPM) back in Mar 2017. OPM is the contract holder for the RM121 mil concession of Kolej Universiti Islam Malaysia. As of Sep 18 the division is still recording losses.

If you are looking to diversify your portfolio outside of Bintai Kinden (due to the perceive weaker earnings outlook), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19 and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.18.

Good luck.
23/12/2018 12:16
LouiseS Existing M&E projects include electrical works and maintenance for Klang Valley Mass Rapid Transit Phase 1 Depot, Logistic Hub and TNB substations.

https://louisesinvesting.blogspot.com/2019/01/comments-on-bintai-kinden-corporation.html
01/01/2019 17:32
viper88 New year but share price still no moving.
07/01/2019 12:13
yokemui Why is Bintai moving up this week? Can anyone share news or info for this price movement? Thanks
12/02/2019 14:39
viper88 yokemui: This bintai counter is ctrl by the big players.. can see the seller queues is 4x higher vol than buyer queues. It seems like they want to accumulates Bintai shares at cheap low prices.. This has been happening since last 1-2 yrs. End of Feb will release financial qtr result, and also the Vista spring jv property land development projects. This JV has been postpones several times already more than 1 year++ since Oct 2017..https://www.edgeprop.my/content/1213491/bintai-kinden-attracts-buying-interest-after-announcement-jv-project

That time Bintai shares price was trading at 16.5... retraced from 0,28 within 52week timeframe.

If there +ve annoucement soon, Bintai price should moves further up if the big players stop pressure pushing/blocking its price at low lvl.
12/02/2019 14:54
yokemui Thanks viper.
12/02/2019 15:04


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