Restructuring with raised proceeds of RM31.52million only complete after qtr result end of Aug financial released. The restructuring money will add into biz and reflect in next financial result.

Alot punters in this counter..if price no strength to move up.. selling presures will comes.

Pump and dump..looks like going back to 0.09/0.095 level... this wednesday /Thursday T+3/4 is judgement day.

Luring small fish in and caught in net. Its a trap!

Other Ace counter/2nd liner/penny stocks with active trade able to move.

Bintai very low transaction, if just let retailers its hard coz they only buy when theres strong buying vol and price active movement up. Current trading price is at 9 yrs low and even after restructuring with money in hand, the big shareholders/players still holding the price down.

The new main shareholder and private share placement got the shares only at 0.11 total abt 2.7 billion new shares. Retailers still want to buy at 0.145-0.15 so high price later sell to who?

Back to last year Now low support 0.17. The directors/main shareholders bought 0.23 also stuck maybe collecting low via other trading accts. Price been sold down so long since March till now Sept.

Vizione give 0.11 new share issuance to WSSB and new private share placement also assuming at 0.11. Market trading at 0.145,, those get new shares and private shares later can sell at public instant get money.

Vizione propose acquire WSSB via 976.2 million share issuance at 0.11 and also propose undertake private share placement up to 1.7b shares assuming at 0.11.

Total is abt 2.7billion shares. With existing shares 900million+ shares floating.. after complete will have abt 3.7 billion shares dilute the share price. New shareholder WSSB and from private placement shares value at RM0.11 which is much more cheaper than current market price.

With so many number of shares coming out.. its not easy to move unless the big boss/players want to push up later on.

Private placement exercise entails. VIZIONE also proposed to undertake a private placement exercise of up to 1.7b shares to fund the cash portion of the acquisition of WSSB and assuming the same placement price of RM0.11, VIZIONE would be able to raise up to RM185.6m. The balance funds post acquisition will be for working capital purposes and also expenses arise from the acquisition of WSSB.

VIZIONE formerly known as ASUPREM have proposed to acquire 100% stake in Wira Syukur Sdn Bhd (WSSB) for a total consideration of RM280.0m. The purchase of WSSB entails a share issuance of up to 976.2m at RM0.11 amounting to RM107.4m while the remaining balance of RM172.6m will be satisfied via cash.

Issuance new shares 976.2m at RM0.11.. almost 1 billion new shares... price how to move up?

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.

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

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.

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.

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

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.

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.

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.

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.

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

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

Bought some 2day for coming financial qtr play.

Drop so much from IPO rm6.50, better buy direct from market cheaper than subscribe IPO.

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

NAPS only 0.05... currently the share price is 3X higher than company share assets..
Share price up from 0.12.. now seems goin back starting point.

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.

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.

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.

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.

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.

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.

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

Bintai big shareholderes wont be able to increase their market capitalization and hard 2 raise fund for future business plan if share price always at low lvl. Can see theres big shareholders bought Bintai shares in big vol Apr & May at 0.23 + OPM new shareholders entered at RM15million for Bintai shares yet the price drop till 0.20.

Bintai TP : 0.41. should be higher if include the recent big projects won and also big receivables from winning court case.

christophertopher: Bintai have no problem getting big projects. Since 2015, 2016 and this year Bintai been awarded many big contracts locally and overseas. Can see in financial report Bintai business revenue keep increase every quarterly and yearly.

Hua Joshuaayoung: Not just Sendai, AWC also up the sky above RM1...
Bintai big players didnt even push up when won big contracts recently. Bintai is one of the underperforming share lagging so far from its other same peer sectors.

ryan7642: DNEX NAPS/NTA only 0.24, but trading at 0.595-0.60 today. Won RM75million contracts.. but shares price move up so high because strong buying. DNEX have high no. of issued shares.. 1.75 billion shares but its price been moving up strong since year Jan at 0.26 till recent high 0.79 and today 0.595.

Bintai only have 290 million shares, should be easy to move up with so many big projects secured if the big players take actions but been sleeping for too long.

Its warrant maturity at 2020 exercise 1:1 at 0.20. Currently warrant is way overpriced and still long to expired.
Mother share need to be above 0.30++ then only warrant have value for conversion.

Main share currently at 0.20 range is better buy than warrant, because it need to move much higher before warrant can have +ve value unless have big players push the warrant share price ahead of main share price.

Its supposed /expected to move up above 0.30++ bfr & after the annoucement of big projects awarded by SG govt but could be due to festival/holiday weeks less buyer and more sellers exit.

Now abt 2 week+ most investors/traders/retailers already back into market but still Bintai price not moving up.
Big shareholders and big players bought in big vol in Apr& May and seems still buying at low price by putting high vol queue selling to block price from moving up.

Tigerchan: Sure frustrated because price alway cant move up higher even with so many big projects secure locally and overseas. Recent high was at 0.28 and set to break above 0.30+ but support was weak and sold down all the way to 0.19 and stuck at 0.20. At 1st it looks like accumulation by the big players but its been too long and no +ve strong upward sign.

Bintai already won big amount of receivables from winning court case and their big shareholders bought Bintai shares at 0.23+, biz revenues increase many so much every quarter and yearly also still failed to move Bintai share price higher.. Bintai shares price chart been downtrend since 2016 till now unable to breakout from its lowest price range price for many months. Other stocks like AWC, Jetson, etcs already move up with good buying transaction. AWC won many big projects and its share price been moving up from 0.30+ till more than RM1++ whereas Jetson reported financial losses and big project cancel still trading at higher price than Bintai.

Bintai NAPS & NTA 0.31 as per May financial qtr report excluding receivables from court case and potential big future profits from all the previous and latest projects won. If include in should be around 0.45+ but currently Bintai shares price stuck at 0.20 only.

In Oct 2016, Jetson share price only 0.20+. Jetson this yr Jan price move towards 0.30 and continue moving up even when financial qtr result not good. Its share price broke higher high 0.40 and 0.50. Now retracing back 0.30+ range . Lost big project but shares price still much more higher than Bintai at 0.33. http://www.thestar.com.my/business/business-news/2017/07/05/jetsons-contract-joy-shortlived/

Bintai won many big contracts since 2016 and 2017 but its share price only RM0.20 still havent move up much.
No big players want to push this stock up yet.

In Oct 2016, Jetson share price only 0.20+. Jetson this yr Jan price move towards 0.30 and continue moving up even when financial qtr result not good. Its share price broke higher high 0.40 and 0.50. Now retracing back 0.30+ range . Lost big project but shares price much more higher than Bintai.

Bintai won many big contracts since 2016 and 2017 but its share price only RM0.20 still havent move up much.

Warrant still long time to expired and may not follow main shares movement. Bintai shares been way sold down, even after big contracts secured and big shareholders bought in big vol its price not moving up. Accumulation by the shareholders since last year so long till price stuck at 0.20 lvl range.

Bintai used to be a good trading stocks in 2015 with good vol transaction and price movement but since 2016 till now its been very weak even after awarded many big projects.

Big pullback coz no get projects. Better swap to Bintai, won alot big projects but price havent move up yet.

0.20 is oversold low price . Bintai should be worth more than 0.45+ with big projects future potential high profits and court case money.

Jetson after contract 919million project cancel today big plunge from highest recently 0.50 till 0.345 today.
No big project its share still trade at 0.345 even higher than Bintai share price!

Bintai with many big projects in hand and won big money from court case only trading at 0.20.. even cheaper than recent big shareholders big purchases at 0.23+ and also RM15million shares purchase for OPM company.

Bintai price surge 55% after reported profit in Mar 2015, its price also up 12.5 till 0.35. http://www.sharetisfy.com/2015/05/bintai-6998-bintai-kinden-surges-5556.html

Yes, financial result quite disappointing, even pending receivable money from court case not include in yet.
Previously the management says weak RM currency and impairment of receivables which have been written off Jan 2016 where the price traded at 0.35. http://www.stockhut.com.my/news/93571

Currently its price is much more lower than last year Jan 0.35.

Previously price spike up high before RI and also news bidding for Rm 2Billion projects.
Now already won so many big projects and pending big receivable money but price still stuck at 0.20 level.

Recent price move up till 0.28 when theres big vol shares bought by major shareholders but later drop so much till 0.195, weak support play by the big players and shareholders.

Other stock like Jetson already move up so much till 0.40- 0.50 range and AWC already break RM1.. this Bintai still sleeping..

Already won more than rm272.3mil++ as per June, biz revenue as grow so much higher but its price not even budge up yet. Share price always low hard to raise more fund for future big contracts.

The main/major shareholders acquired big vol of Bintai shares in Apr and May when price is low

BINTAI HOLDINGS (M) SDN BHD 31-May-2017 Acquired 4,857,004
MR ONG CHOON LUI 31-May-2017 Acquired 4,857,004
MR ONG PUAY KOON @ MAH SOCK HENG 31-May-2017 Acquired 4,857,004
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