Buyer always queue low and seller big queue blocking, hard to move up. Been months consolidating to lowest price range still not much strong reversal/rebound.

Last year play was drastic shot up from 0.21 to 0.44 in 1 day.. the operators/big players also push down back to 0.20+ and push up back 0.40+ lvl several times in Jun- Aug.. Really unexpected and this year which suppose to be good but price been push n hold down till 0.20+/- again. They collect at low price and wait to push up back again.

The big players alwys park low buying and block seller queues. Price hard 2 move up unless they clear out the roadblock selling queues.

Qtr result end of this month.

This stock highest was 0.45 when theres newsplay bidding for 1.2b projects last year May.
Just in 1 day 25 May 2015 from 0.21 up till 0.44. Price also went crazy in Jun last year drop till 0.225 and shot up back in July 0.405. The operators are pushing up in July and sell down end of Aug last yr drop back 0.195 before shoot up back this yr Jan to 0.375... Now price back to 0.195 range same as RI price lvl. The bigshareholder/ those holding RI issues share need to push price up to have profit for their shares. Same goes for its warrant as its conversion 0.20. Now not attractive at all for its warrants.

Last yr when the annoucement out in Apr, stock price up till 36 sen and later due to RI drop to 20 sen and early this year went up again till 0.375 and after financial qtr result losses & weak market sentiment price drop back to 0-19- 0.20 lvl. Transaction vol very low and not much buyers pushing even secured some good projects for the past 7 mths.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=73825&name=EA_GA_ATTACHMENTS

Its was proposed plan in April, if goes through Bintai will get RM150million from the sale.

Bintai disposes of stake in Bintai Kindenko
Business Times - Malaysia Apr 25 Comment
Bintai Kinden Corp Bhd is proposing to dispose 69.82 per cent equity in Bintai Kindenko Pte Ltd to Lereno Bio-Chem Ltd for RM150 million. In a filing to Bursa Malaysia today

Bintai gains on stake sale plan
Business Times - Malaysia Apr 26
Bintai Kinden Corp, a Malaysian builder, rose the most in two months in Kuala Lumpur trading after agreeing to sell its 69.8 per cent stake in an engineering unit for RM150 million. The stock jumped 11 per cent to 36 sen, set for its biggest gain

Jan 2016 - RM32m Vietnam
Jan 2016 - RM120m Malaca
Mar 2016 - RM31.4m SG
July 2016 - RM 18m TNB

More than RM200milion projects secured this year but price retraced down low at around 0.20 range same as its warrant conversion rate. If the main share price didnt move up, its warrant price also hard to move up.

Other penny stocks already moving up high.. this stock still having hard time to rebound.

This stock secured many big value projects last year and also this year but its stock price not much +ve movement.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=73751&name=EA_GA_ATTACHMENTS

ANNOUNCEMENT TO BURSA MALAYSIA SECURITIES BERHAD
BINTAI KINDEN CORPORATION BERHAD (“BINTAI” or “Company”)
 LETTER OF AWARD FOR ELECTRICAL AND ELV SERVICES
_______________________________________________________________________________
The Board of Directors of BINTAI is pleased to announce that Kejuruteraan Bintai Kindenko Sdn Bhd, a wholly owned subsidiary of the Company, has on 14 July 2016 accepted a Letter of Award from Kajima (Malaysia) Sdn Bhd in undertaking Electrical and ELV Services for “The Proposed Construction of a Logistic Centre situated at Lot 3 (PN 89971), Persiaran Jubli Perak, Section 22, 40000 Shah Alam, Selangor” (“Project”) for a Contract Sum of RM17,980,000 (Ringgit Malaysia Seventeen Million Nine Hundred and Eighty Thousand).
The Electrical and ELV Services for the Project involved the following phases:
Phase 1
(i) 1 block of 2 storey warehouses with offices at mezzanine floor;
(ii) 1 block of 2 storey offices with cafeteria;
(iii) 1 unit of guardhouse;
(iv) 1 unit of waste depot; and
(v) 1 unit of TNB substation with utility building;
Phase 2
(i) 2 blocks of 2 storey warehouses with offices at mezzanine floor; and
(ii) 2 units of waste depot.
Barring unforeseen circumstances, the Project is expected to be completed by March 2018.
The Project will not have any effect on the share capital, earnings and net assets of the Company for financial year ending 31 March 2017, however, it is expected to contribute positively to the future earnings of the BINTAI Group.
None of the Directors and/or major shareholders of BINTAI or persons connected with them have any interests, direct or indirect, in the Project.
This announcement is dated 14 July 2016.

Finally rebound start.

Bought bcoz company secured many good big projects end of last year.

Lowest last year 27/7/15 also big drop from 0.40 to 0.195 on 2/9/15 due to RI & other factors before price rebound up fast to 0.225, 0.295, 0.335, 0.355 and 0.375. This year also seems same situation where price being knock down hard to 0.19+/- lvl.

Bintai secured many good projects but shares price been down for quite long time. http://www.sharetisfy.com/2016/01/bintai-6998-bintai-oh-bintai.html

Court case pending receiveables amounting RM31 millions been excluded in their recent financial result with nta reduced alot. Price been push lower since 0.35, 0.28, 0.25, 0.22 with low vol. Rebound is way overdued.

Hit 5 yrs low. Looking for rebound.

Court case getting money soon. Share price ovesold, buyers buying back.

timing: Its unaudited changes in financial accounting policy, compare to last year report. Should be read with last year 31 March 2015 audited financial report. Read page 6-9.
U can try call registrar and ask for more details.

Can read page 12 for financianl performance review and page 17 for litigation/court case Group pending to receiveables amounting to RM31 million. Next hearing 21 june 2016.

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=191949&name=EA_FR_ATTACHMENTS

Buy vol looks +ve today. Up 10.64%. Qtr result should out soon most likely next week.

KLCI index drop 20 pts on Fri... those contra kakis all ran.

Moving up slow and steady.

Current price only at half of its Nta value, still far away from its latest NTA 0.53.
The big shareholders/players need to put in more actions to push up its price.

Vol traded still very low..need big players to take actions to have good show.
AWC from 0.285 last year Sept up steady till 60 sen today. Really strong play by the big players.

Result only out end of may.

Have to wait for coming financial result this may to see its price movement.
Last year end May financial qtr result shows good profit, price up from 0.27 till 0.35 and later till 0.455. http://www.sharetisfy.com/2015/05/bintai-6998-bintai-kinden-surges-5556.htm

Based on many big projects secured last year, its expected to turn +ve profit soon.
http://www.thesundaily.my/news/1672397

Low vol trading, seller over, buyer not buying up. All waiting for next newsplay and May financial qtrs result.

If refer back last year jun and July play, the big players easily push above 0.40 twice 2X/
In jun hit 0.45 and drop back 0.25, in july went up back 0.40 and drop to 0.20 due to RI.

With so many projects won, price should have break recent TP by research house 0.39 - 0.43 easily but the big players not pushing aggressively. The selling queues alwys higher block the price from going up.

Won more big projects from Singapore.

http://stockhut.com.my/news/106705
Source: http://www.theedgemarkets.com/my/article/bintai-kinden-bags-rm314m-contract-singapore

Bintai Kinden bags RM31.4m contract in Singapore
Published by The Edge at 2016-03-17 18:28:06

KUALA LUMPUR (March 17): Bintai Kinden Corporation Bhd’s (Bintai Kinden) subsidiary, Bintai Kindenko Pte Ltd, has bagged a contract to supply, install and maintain the ventilation and electrical system for Northpoint Shopping Centre in Singapore worth S$10.5 million (RM31.4 million).

In a filing with Bursa Malaysia today, the company announced that its 69.82%-owned subsidiary has accepted a Letter of Award from W’Ray Construction Pte Ltd to undertake a sub-contract for the “Proposed Additions and Alterations to Existing 4-Storey Commercial Development (Northpoint Shopping Centre), involving New Linkages from Adjacent Development at Yishun Ave 2 / Yishun Central 1” in Singapore.

The sub-contract involves the supply, delivery, installation, completion and maintenance of air-conditioning, mechanical ventilation and electrical system.

“The Contract Sum of the Project is S$10,500,000.00 (Singapore Dollar Ten Million and Five Hundred Thousand) or equivalent to approximately RM31,418,100 (Ringgit Malaysia Thirty One Million Four Hundred Eighteen Thousand and One Hundred), based on the exchange rate of S$1:00: RM2.9922 as of today,” it said.

The project is estimated to be completed by July 31, 2017, and is expected to contribute positively towards the groups’ future earnings.

Shares of Bintai Kinden closed up 5.6% today at 28.5 sen, with 921,100 shares exchanging hands, giving the company a market capitalisation of RM60.6 million.

DK122: Its ur own choice not 2 invest if u think its not a good counter.
Those who invest also when price r low n suit their own investment risk.
If its really a bad counter, bintai should not be able to win so many big contracts locally & oversea past 6 mths. The recent projects won, profits will only show in coming qtr financial report.

Last year private placement and rights issue exercise to raise funds for working capital, as well as to repay borrowings

Right issue raised RM20.5 million for them to be utilised mainly for working capital
http://myinvestortips.com/bintai-kindens-investors-take-profit-on-listing-of-rights-shares/

RM3.2 million from private share placement.
http://www.stockhut.com.my/news/31706

There was RI and private share placement last year to get fresh fund to support existing n future projects. Financial getting better with many new projects secured.

yeekarwai88.. It RM13.380 million+ project not RM1.3million. Won court case get RM4.9million.

Description Bintai Kinden Corporation Berhad (BKCB or Company)
- Letter of Intent from Tenaga Nasional Berhad
The Board of Directors of BKCB is pleased to announce that Kejuruteraan Bintai Kindenko Sdn Bhd (“KBK”), a wholly owned subsidiary of the Company, has on 11 March 2016 received and accepted a Letter of Intent from Tenaga Nasional Berhad for KBK to be appointed as Contractor to undertake electrical works for Project designated as “PMU 132/33KV Taman Jaya GIS Extension (1x90MVA), Selangor” at a contract sum of RM13,380,000 (Ringgit Malaysia Thirteen Million Three Hundred and Eighty Thousand). The duration for the aforesaid project to be completed will be within 546 days from the commencement date.


The Project will not have any effect on the issued and paid up share capital of the Company and is not expected to have any material effect on the earnings, earnings per share, net assets per share and gearing of the Group for financial year ending 31 March 2016. However, it is expected to contribute positively towards the future earnings of BINTAI Group.

None of the Directors and/or major shareholders of BKCB or persons connected with them have any interests, direct or indirect, in the Project.


This announcement is dated 14 March 2016.


======================================================================
Description Bintai Kinden Corporation Berhad (BINTAI or Company)
- Arbitration
Further to the arbitration proceedings held between Kejuruteraan Bintai Kindenko Sdn Bhd (“KBK”) (a wholly owned subsidiary of BINTAI”) and Serdang Baru Properties Sdn Bhd (“SBP”), the Company wishes to announce that following the notification received from KBK’s solicitors on 11 March 2016, SBP has been ordered to pay a total sum of RM4,985,166.24 plus 5% simple interest per annum on the aforesaid payment sum in favour of KBK.



This announcement is dated 14 March 2016.

Private share placement for big shareholder last year was at 0.32.
Those big players press sell down and buy back cheaper just like RI.
Price alwys move up back 0.32-0.33 and move higher after they get enough shares from the minority public shareholders.

DK122: I bought and sold bintai few times, bought back again coz its a company that always win good contracts/projects. U also still in this Bintai topic... so can say u are also loyal to Bintai? Hmmm..

After wallap all the contra kakis and weak shareholder.. the big players buy back.

Their orderbook already more than rm1.5billion and growing bigger. Oversea and local govt project also can get.

Inari also previous low price was at 0.32 .. now grow so much till rm4.87 highest because have big projects and big players support push higher. If contra kakis and low vol trades, price hard to move up much.

They already secure new project abt RM400million since last year oct till now. Before that already have an order book of RM400 million in Malaysia and SGD 300 million in Singapore

http://www.themalaysianreserve.com/new/story/bintai-kinden-fare-better-fy16

Bintai recent won the contract’s value estimated at RM120mil as turnkey contractor for Kolej Universiti Islam Melaka, to be built on 15.58 acres with in-campus accommodation for some 7,000 students.

If take INARI as example.. Bintai share price share price should keep moving up since secured many big projects.
http://www.thestar.com.my/business/business-news/2016/03/04/further-earnings-upside-for-inari/

Same pattern like last yr Nov qtr result up 1st 0.355 bfr retrace down 0.27 and rise up back tis recent qtr result 0.375 n drop back 0.28 lvl.

Always flush out contra n weak minority shareholders but hardly spike up high. Slowly up few cent n start to rebound abit today +0.01.

NTA: 53 sen, if impairment write off as per group EVC says.. easily 0.60++

No more impairment of receivables in near future: Bintai Kinden Corp Bhd, which on Wednesday bagged a RM120 million contract for the construction of student housing in Malacca, expects no more impairment of its receivables in the near future. “We have written off everything that is necessary. Whatever remains in our receivables are all new jobs. I believe the worst is over,” the group’s executive vice-chairman Ong Puay Koon said. -

At current price 0.28, its trading less than 50% of its fair value.

As usual, do own research bfr decide to trade this stock.

Sell down was from those contra kakis that dont want to pick up shares on T+3/4.
The main shareholders & operators dont really support strongly this counter and also not pushing much. Last year RI 9:10 and 20 sen and later private share placement at 32 sen. Share price keep stuck around 0.32-0.33+/- even after secured many project worth at RM360 million only up little at 0.375 unlike mid of last year where its price was abt 0.42 -0.405.

With abt RM360million++n project secured end of last year and early this yr Jan, future financial result should be +ve .

Bintai Kinden: No more impairment of receivables in near future: Bintai Kinden Corp Bhd, which on Wednesday bagged a RM120 million contract for the construction of student housing in Malacca, expects no more impairment of its receivables in the near future. “We have written off everything that is necessary. Whatever remains in our receivables are all new jobs. I believe the worst is over,” the group’s executive vice-chairman Ong Puay Koon said. - Edge FD

NTA: 53 sen, if no impairment it will much more higher. Next financial qtr 31 March 2016 expected to be positive as end of last year and early this year Jan already bags many big projects.

4/9/15 - http://www.thestar.com.my/business/business-news/2015/09/04/bintai-unit-wins-rm42mil-singapore-job/
1) Bintai unit wins RM42mil Singapore job
Bintai Kindenko Pte Ltd, has received and accepted a letter of intent from Sunray Woodcraft Construction Pte Ltd to undertake RM42.4mil worth of sub-contract works.
The duration of the project is from Oct 9 to May 8, 2016.
The project is expected to contribute positively to the future earnings of group for the financial year ending March 31, 2016.

12/11/15 - http://www.thesundaily.my/news/1608699
The sub-contract has an indicative value of S$17.28 million (RM53 million).
the proposed project is estimated to be completed by January 2017 and to contribute positively to its earnings for the financial year ending March 31, 2016. - See more at: http://www.thesundaily.my/news/1608699#sthash.23ugXYgb.dpuf

23/11/15 - http://www.thecambodianews.net/index.php/sid/238809497
Bintai Kinden clinches RM65m contract in Cambodia

20/1/16 - http://themalaysianreserve.com/new/story/bintai-kinden-awarded-rm94m-electrical-works-contract Bintai Kinden Corp Bhd is awarded a RM9.4 million contract by Kajima (M) Sdn Bhd

20/1/16 - http://139.162.30.175/2016/01/20/bintai-kinden-wins-rm120m-contract/
intai Kinden Corp Bhd won a RM120 million contract, involving student housing construction, for Kolej Teknologi Islam Melaka Bhd (KTIM).

22/1/16 - http://myhotstation.com/?p=196122
Bintai Kinden nets RM32mil contract for works in Vietnam

Last mth already bags 2 projects value at RM 32million & RM120 million respectively but price didnt move much only 0.375 before retraced down back 0.35-0.33.

http://www.thestar.com.my/business/business-news/2016/01/22/bintai-kinden-nets-rm32mil-contract-for-works-in-vietnam/

http://www.thesundaily.my/news/1672397

Yup.. last chance to grab before price moving up again.

Last year RI 9:10 at 0.20 and later private share placement at 0.32.
Price already been supported since last week from 0.30 till 0.325-0.315 today.

Its a good stock with many projects in hand, just that the big players not buying/pushing up aggressive yet but if u see its NTA & TP... current price still at discounted low price.