Keep moving, keep moving!

Dbhd itchy itchy up again........

Both the buy back activity from company and shareholder will continue to outline the confidence of the director and major shareholder in the underlying project and upcoming prospect of the company in the future.

Salcon will also be looking to see a finalization in the asset disposal in China at the end of April 2016. The completion of the disposal see Salcon significantly lighter by RM 138 million of debts, while cash will increase to near RM 300 million.

Salcon busy buying back shares........

Truly laggard if you think of below recent articles..... The LAD news definitely not deterring Bina Puri ambition.... If they really win some tenders especially on the local front, it implies people just could not be bother. The LAD could be significant but the issues could already discounted? .... Could be.....

Bina Puri Bids For RM1b Rapid Projects

Construction firm Bina Puri Holdings Bhd is tendering projects worth up to RM1 billion at Petroliam Nasional Bhd’s (Petronas) Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, Johor.

Group COO We Her Ching said besides direct tender to Petronas, the company has received invitation from Samsung C&T Corp and China’s Sinopec Engineering Group Co Ltd to participate in the bidding for Rapid projects.

“We have secured two projects from Rapid so far. We will continue to bid for other infrastructure packages that are available,” he told reporters during a briefing in Kuala Lumpur yesterday.

The projects secured thus far by Bina Puri are the RM234.12 million construction of two main control buildings, and four labs and civil work in Petronas complex, as well as RM94.94 million civil works at Rapid steam cracker complex.

WCT Holdings Bhd which secured Rapid projects worth RM608.9 million, had also announced its intention to bid for more projects in the mega oil and gas development hub.

Meanwhile, Bina Puri group ED Matthew Tee Kai Woon said the company plans to bid for projects worth RM10 billion this year with mega projects announced under the 11th Malaysia Plan and Budget 2016 as the targets.

“Bina Puri aims to secure RM1 billion worth of construction project this year, both locally and abroad,” he said, adding that the company is confident of meeting the target.

“Presently we have ongoing projects worth RM3.4 billion and an outstanding orderbook of RM1.89 billion,” he said. About 87% of these ongoing projects in Malaysia while the rest are overseas.

Tee said among the firm’s main ongoing projects include the Fisheries Development Authority of Malaysia in Kuching worth RM247.8 million, a R M 291.1 m i l l ion Bu nu s Regional Sewage Plant in Kuala Lumpur, a RM128.5 million Movenpick Spa Resort in Kuala Terengganu and RM195 million Medini Twin Towers in Iskandar Johor.

He said Bina Puri also has ongoing projects worth RM3.54 billion are in gross development value (GDV) for its property division.

Among its projects are The Opus Residence with RM400.3 million GDV, Riveria Sentral (RM1.29 billion), Sentosa Puri Tower (RM195.5 million) and AEC Park i n T hai la nd (RM181.2 million).

Meanwhile, Tee said the company plans to list its utilities business in Indonesia. “We expect to submit our application in February and to list our business on the Indonesia Stock Exchange by June 30, 2016.”

0.91. Good progress.

Hopefully Dbhd will recover its highest of the year ie 1.08 pretty pretty soon.

Okay, okay! Looks convincing something brewing..... Will queue some more then.

Keep watching and keep watching.... Something brewing.....

When is Salcon time?? Salcon needs to fly....

Trading idea, trading stock......

I trust you Spag. People are mopping up Dbhd. 0.88 seems good but yet delicious. How long it takes you think to break 1.00?

Yeay! So salty...... I will keep lo until break 1.00. I heard so much gooood news.

And Spag, I loike round 2 then.........

Pengerang booming will greatly benefit Dbhd? You think so?

so it bucks the trend then.... Something developing and only people with knowledge keep buying and price climbing..... No more people willing to sell cheap cheap then......

With the numbers and volume of projects secured recently, the TP surely be > 0.80...... May be the call of TP 1.00 is more accurate. We will see........

I heard that so. Now 0.78. What now? 0.80 on sight for today closing??

And closed morning higher at 0.77.... Any good news on Dbhd releasing??

Wow! 0.76 done moment ago.

Highest .745 this morning... Itchy itchy going high...

This company itchy to move up faster...... Numbers of good news surrounding the Dbhd.

Good call. Salcon, the water counter is making its move!

Trading idea........ Trading buy!

Nonetheless, TA targets 0.47. Next week continue climbing?

Not yet resolved........

KUALA LUMPUR: Bina Puri Holdings Bhd, one of the main contractors of KLIA2, is still finalising discussions with Malaysia Airports Holdings Bhd (MAHB) on the liquidated and ascertained damages (LAD) imposed for the delay in completing the KLIA2 terminal in Sepang.

Joint venture (JV) partners Bina Puri Sdn Bhd and UEM Construction Sdn Bhd were awarded the work package worth RM997 million that makes up KLIA2’s main terminal building, satellite building, sky bridge and piers.

The LAD was imposed when it did not meet the June 15, 2013 deadline. It was reported previously that the LAD is at RM199,445.40 per day.

“Currently we’re in the midst of finalising it with MAHB. This project is undertaken by UEM and Bina Puri under a 60:40 JV. UEM is taking a lead in finalising this,” Bina Puri group COO of contracts and administration We Her Ching told an analyst and media briefing here yesterday.

He said it has been 1½ years since the airport opened and there have been no major hiccups.

“At the moment, it’s still premature to mention the amount,” We said when asked about the LAD.

Bina Puri group executive director Matthew Tee said KLIA2 is still a pending issue. “When the right time comes, you will see the proper announcements,” said Tee.

An analyst said until Bina Puri closes the chapter on the LAD issue, the matter will still be a concern to investors.

“Even though it’s on a JV level, if the LAD materialises, it can be significant (impact),” he told SunBiz.

The analyst cautioned that the group’s exposure to the LAD under the JV is larger than its market capitalisation of RM95.39 million and this can impact Bina Puri’s earnings significantly.

60m and not 146m....... Expected to be finalized by Dec 2015........ Sudah resolved ke?

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) expects to finalise by December discussions with the joint venture between UEM Construction Sdn Bhd and Bina Puri Holdings Bhd to determine the quantum of the liquidated and ascertained damages (LAD) charged to the joint venture for the delay in completing the KLIA2 terminal building in Sepang.


MAHB managing director Datuk Badlisham Ghazali said MAHB said this during a press conference at the Global Airport Development Asia 2015 conference in Kuala Lumpur on Wednesday.

Badlisham said the matter would be resolved soon and the decision would be announced on the bourse.

MAHB has been reported to have said previously that the total LAD incurred by the UEM-Bina Puri JV was RM60mil.

However, the contractors appealed against the LAD, saying that there were many last-minute requests and additional changes by the clients.

Keep moving up, keep moving up!

Spaghetti, what is the project in Johor?

Company rugi but the prospect of turnaround is on sight. At this price, I guessed not so much downside risk.

Like Bone's said. Hot bargain!

0.42.

0.415. Done at buying price. Keep coming.

Some more joining the queue.......

Bpuri start gaining attention..... queues improved.

:( may be not time to buy??

Then up we go!

Mana mahu pergi Salcon? Today like naik tangga tinggi tinggi.....

So they see value on these keppel link companies for example. Why not.

Singapore got problem. They need to bring back money to shore up their stock market due to commodity slump.

R1 crossed.... Penetrating R2 today?

In Bones With Trust when come to share. Make money following him. Took position today. Let us ride the wave!

1/3 of oil cos will go busted soon........

Masih ada talian hayat??

Proton factory is sitting on huge land in Shah Alam industrial area? Wonder if that land being developed for properties later......

Sudah angkat 1.04. Now watching the game.

How much expected worst?

No worry. Many ways to skin animal...... Lately heard so much on this group doing thing to strengthen its coffer. Selling overseas asset too. I am ready to jump in.