Company with good projects in hand. Impairment also written off.
Price hard to move maybe coz insider wants to buy the shares back at low price.
Last year after RI and near financial qtr result out also price drop but later slowly move up.
Need holding power and good entry price to get profit.

Insider presing down price. Price sell down since 0.375 to 0.30 on daily basis.
Yesterday support at 0.30 more than 100k lots but this morning all disappear with transaction at 0.30 only abt RM21k..

Latest info received.

Bintai Kinden Corporation Berhad:

On-going Contract:
1. S$58mil awarded Feb 2014.
To be completed by 2 April 2017
2. S$67.2mil awarded April 2014.
To be completed by 20 April 2016
3. S$44.65mil awarded August 2014.
To be completed by 9 May 2016
4. S$11.912mil awarded March 2015.
To be completed by 6 Nov 2016
5. S$14.2mil awarded Sept 2015.
To be completed within 9 Oct 2015 to 8 May 2016
6. S$17.28mil awarded Nov 2015.
To be completed by Jan 2017.
7. USD$15.15mil awarded Nov 2015.
To be completed by 31 Aug 2016.

Total contract sum: S$228.39mil (~RM660mil)

New contract secured:
1. RM9.4mil on 19 Jan 2016.
To be completed by May 2017.
2. RM120mil on 20 Jan 2016.
Turnkey Project for Student Accommodation with 25 years concessions.
3. RM32mil (VND167 bil) to be completed by Nov 2017.

Total job secured in January 2016: RM161.4mil !!!

Why Bintai Kinden?
1. Ability to secure contracts.
2. Management guided no more impairment on receivables in the future. What remains in Bintai's recievables are from new jobs secured.
3. Upgraded from sub-contractor to Turnkey contractor - income visibility through student accomodation project in Malacca with 25 years concession.
3. Net cash position.
4. NA per share based on latest QR ~ 59c

Financial qtr result end of feb.

After budget adjustment.. the players are back again.

When theres seller, theres buyer also.. just that the buyer only buy at current low price instead of buy higher price. Seller queue alwys high to block price from moving. Sign of accumulation at support lvl AVG at 0.335.

Seems like the players still want to collect more shares instead of pushing up.
So many good newsplay yet price hardly break 0.40+ unlike AWC from 0.30 can fly up till 0.465 recently. Next month will be financial qtr result.

Impairment? Latest news says all written off.

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

With many new projects secured last year and this year share price still not yet shoot up high.
Coming week will be interesting.

Latest project won.
http://www.theedgemarkets.com/my/article/bintai-kinden-bags-rm32-mil-air-conditioningventilation-job

Previously when price abt 0.25+/- also same, takes time to move towards 0.30 - 0.355. Now just stuck at 0.33 - 0.34 range, should have break 0.40 with good news of project won recently if market good.

With the latest project won, January total amount RM9.4 million, RM120 million and RM 32million.

More projects coming in the line.
Bintai Kinden Corp Bhd is bidding for RM1.2 billion worth of projects in Malaysia and is working with various parties to participate in the MRT project.
http://www.thesundaily.my/news/1383654

Bintai won many good projects last year.

http://www.thestar.com.my/business/business-news/2015/04/15/bintai-kinden-secures-rm48m-contract-in-singapore/

http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1113830

http://www.thestar.com.my/business/business-news/2015/09/04/bintai-unit-wins-rm42mil-singapore-job/

http://www.thesundaily.my/news/1608699

http://klse-online.blogspot.com/2015/11/bintai-received-rm649m-contract-in.html

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

This year Jan already won 2 projects. RM9.4 million & RM120 millions

‘Worst over for Bintai Kinden’
http://www.thesundaily.my/news/1672397

Price still hovering much lower than its TP and NTA.

Have to flush out the contra kakis 1st.. Good stock need strong players to support & push price higher.

Next news is financial qtr result in Feb and also other project tendered waiting for result.

Market rebound today but bintai still stuck at 0.335/0.34.

Those contra kakis that entered 2 days ago and short term players exiting.
Won so many projects and impairment write off will contribute higher financial profit.

http://www.theedgemarkets.com/my/article/bintai-kinden-wins-rm120m-contract

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=70654&name=EA_GA_ATTACHMENTS

Won big projects RM120millions + RM9.4millions. Once retailer get the +ve news, the buying pressure will increase more pushing price up more. Qtr result in Feb, now already start moving 0.355- 0.375 towards 0.40+

Recent securities research TP report.

OSK-RHB
TP : 0.39

UOBKH Retail Market Monitor 4 January 2016
Stocks to watch:
2) BINTAI KINDEN CORPORATION; Technical BUY with +37.5% potential return
Target: RM0.445, RM0.495 Stop: RM0.275
*Timeframe: 2 weeks to 2 months

BURSAMASTER CHANNEL
Stock to Watch - BINTAI & BINTAI-WA
NTA 0.59 based on the latest QR.
Price trading in the range of 0.3 - 0.335. Breakout from 0.335 with significant volume will push the price to retest 0.44 in midterm. Short term target 0.39 and immediate support 0.300.

Price stable and holding well at 0.33 threshold even when CI & market sentiment are weak.
The players r still buying and support the price.

Seem from same operators.. buy up high, sell down back and slowly push the price up while taking profits. Seller queues alwys high to make trader sell instead of holding long.

Today transaction vol higher than usual broke 0.35 lvl but now back to 0.335/0.34,
The support and buying is on & off.. more like just to attract more participants from retailers before going up further.

UOBKH TP Target: RM0.445, RM0.495
Bursamaster Target: RM 0.44.
Logic Trading Analysis Channel Target: RM 0.40

AWC from 0.35 already move up till 0.46.. this Bintai big players still stuck... look left, look right..before decide to move up.

Market volatile lately but Bintai have coverage from securities research house.
Players already start buying up slowly.... 0.33 - 0.35.. closing Fri 0.33.
Next week more to come once the big players buy more.

BURSAMASTER CHANNEL
Tomorrow continue to monitor dufu bintai PRG sedania KTC KKB DSONIC
10:55:53 PM
Copy & paste:
Stock to Watch - BINTAI & BINTAI-WA

NTA 0.59 based on the latest QR.
Price trading in the range of 0.3 - 0.335. Breakout from 0.335 with significant volume will push the price to retest 0.44 in midterm. Short term target 0.39 and immediate support 0.300.

Happy Trading!

New year usually have rally for coming CNY.
UOB research already have Bintai in its technical buy list for potential rally.

AVG still ok when closing today.. vol increase possible uptrend soon.

Dont tell coz theres fire explosion at Lrt station Amcorp mall car park then the players all stop pushing.. zzzz

Alwys sudden spike up to 0.355 then come back 0.33-0.32 range.. seems theres some insider buying and selling for the coming news/annoucement play.

Engine start to warm up.. moving till 0.355 just now.

I'm not short term or contra players. This company won many contracts this year.
Just that recent contract won, the price move up only after few days the contract won annouced.. unlike other stocks where the price willl move up in advance bfr news out.

Still lack of vol and buying strength.. holiday Xmas next week then new year soon.

This month contract result will be awarded. Can see the price supported well above 0.30-0.33 past few weeks waiting for the big players to push when near the newsplay.. just watch out and monitor.

This operator inside play wait and see more, push abit den see nobody follow den sell back.
Small operator not enough buying power to push higher. Still waiting for bigger player to run the show later this month. News play of Mrt line 3 power generator contract result out in this month.. but engine false start few times already 0.30 - 0.33 and back 0.30. Maybe still early for exciting actions play. Should push upsteady n hold it well and continue push before spike up fast when near news out.

If u are day trader or short term contra kaki, this counter might not suitable for u.

Dont worry, will come coz this month is the result annoucement.
The players inside playing slow and steady.
If no confidence can try can counters.

Potential to secure mrt line 3 project, annoucement by this month.
Some players accumulate early.

Yup.. moving up.

Mrt line 3 heavy duty power generator project winner will be annouced this month.
Those big players likely will be interested with this counter.

Big player want to accumulate slowly.

Have confident with Bintai.. something +ve is coming..
See the vol and buying pressure.

MRT line 3 contract winner will be annouce in Dec.
Mid of this year when MRT line 3 project news out, Bintai share price rally up till 0.455.

Recent high 0.355.

Even with fin qtr result making losses, share price still holding/supported well by the players.
More to come it seems.

Any news pls share out. Thxs.

sky2: I have confident with bintai will move up. Its been trading on accumulation mode after RI and moving up slowly towards higher value which i feel is 0.40+/-.

Kenanga research paper TP 0.39..http://klse-online.blogspot.com/2015/11/bintai-received-rm649m-contract-in.html

Market cautious coz Russia-Turkey tension. Once stable down, stock will be active again.

Russia-turkey tension also oil price up abit.. US control the oil price.
THHeavy price stable at low just waiting for the big players to push up.

Buyer accumulating and support well, +ve sign.

Strong support coming.. Good potential mrt3 project still ppl dunno want 2 dump sell cheap.

Financial qtr result showing losses but Mid of this year there was RI exercise raise fund RM20.5million for its biz operation. In november this month itself already bagged 2 contracts
>RM100millions.

http://klse.i3investor.com/blogs/kenangaresearch/86725.jsp

BINTAI (Not Rated). BINTAI was in the limelight after it received a RM64.9m mechanical, electrical and plumbing contract for the Rosewood Hotel in Phnom Penh, Cambodia. In tandem with strong volume traded, the share price has staged a strong rally of 4.5 sen (15%) to stage a breakout from its multi-month downtrend resistance level to close at RM0.345 yesterday. The MACD has also staged a crossover from its Signal line to indicate a bullish outlook ahead, while strong buying momentum is showcased by the uptick in RSI and Stochastic. On the flip side, we view that a short-term consolidation with upside-bias could be on the cards as the strong rally yesterday may be overdone. Near-term upside is seen capped at the RM0.39 (R2) level, with immediate resistance set at RM0.35 (R1).

Selling signal already on since it hit 0.10/0105.