The Board of Directors of Bina Puri Holdings Bhd. (“BPHB” or “the Company”) wishes to announce that its wholly owned subsidiary of the Company, Bina Puri Sdn. Bhd. (“BPSB”) through its joint venture company, SPTK Joint Venture Company Limited (“SPTK JV Co. Ltd.”) won a bid for a package from the High-Speed Railway Project to connect regions in Bangkok – Nong Khai Section, (Phase 1 Bangkok - Nakhon Ratchasima Section), Contract No. 3-5 Civil Works for the Khok Kruat-Nakhon Ratchasima Section (“the Contract”).
The Contract value is THB7,750,000,000.00 (equivalent RM1.036 billion).
A total of 26 projects with approximate value of RM2.0 billion have been completed by Bina Puri in Thailand since 2003.
The Contract will have no material effect on the share capital and substantial shareholders’ shareholding of BPHB.
The Contract is expected to contribute positively to the earnings and net assets of the BPHB Group. With the latest award mentioned above, the Group's unbuilt book order stands at RM1.9 billion as at to date.
None of the Directors and Substantial Shareholders, persons connected to the Directors or Substantial Shareholders of the Company and its subsidiaries or persons connected thereto have any interest, direct or indirect in the Contract.
The Directors of the Company are of the opinion that the Contract is in the best interest of the Group.
KUALA LUMPUR (Oct 7): Bina Puri Holdings Bhd's wholly-owned subsidiary Bina Puri Sdn Bhd (BPSB) via a joint venture (JV) company has secured a 7.75 billion baht (about RM1.04 billion) contract to build a portion of a planned high-speed railway that will link Thailand’s capital Bangkok to other parts of the country.
In a statement to Bursa Malaysia today, Bina Puri said BPSB through its JV company SPTK Joint Venture Co Ltd had bid for and won the package which will connect Bangkok to Nong Khai and Nakhon Ratchasima.
According to Bina Puri, the group has since 2003 completed 26 Thai projects with an approximate value of RM2 billion.
Killsthebear. That news is dated April and it says postpone to Oct for conclusion. Now Binapuri announce on Oct means its done deal? Should be concrete
I also bought high. If downtrend then just keep. 1,000,000,000/60 mths = 16,666,666 per mth 16,666,666 say 20% profit = 3,333,333 per mth About 10mil per quarter. Not including other contract and income. Tak kan lah only worth RM 0.10
Wait these 2days see can pick up onot lor. At least today got some volume. 140mil shares transacted. Should got chance. Better than those counter keep wait for announcement such as HSR/MRT/NIIS But entry price way much higher than this rm0. 10 hahaha
It’s so funny watching retailers’ reaction. I read their announcement earlier today and I thought “Hmm... RM1Billion... sure will go up”. Then I thought of going in 100,000 shares. And then I paused, used my calculator and then realized I can actually go in 1,000,000 shares! And then I checked its chart and thot “Nah...” :) Congrats to all
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kaizenzon
383 posts
Posted by Kaizenzon > 2020-09-25 08:09 | Report Abuse
Bpuri sitting still looking at the political climate. Next week will see the movement