@HSIF88 yes still valid, it's not one day play. Bina Puri got real business with huge revenue every QR.. immediate resistant at 10.5c. break this resistant will move further up.
17 years in Thailand...and getting HSR is a recognition of success of Malaysian Construction Co. ------------------------------------------------------------------------------------------------------------------------------- Bina Puri Holdings (Thailand) Ltd, (BP Thai), a company incorporated in Thailand and is a members of Bina Puri Holdings Bhd. Bina Puri first ventured into Thailand in December 2003 with an award for At-Grade Road Project by the New Bangkok International Airport Co. Ltd., which was successfully completed in July 2006. This was followed by several minor works including a demolition, main building works for the Morakot Factory Expansion Project, and the upgrading of the Malaysian Embassy complex.
Bina Puri Holdings Bhd is a public listed company on the Main Board of Bursa Malaysia with 42 years of work experience in civil and building construction both locally and internationally. The Group’s diverse business activities include investment holdings, civil and building engineering management, property development, highway concession, quarry operations, manufacturing of construction materials, polyurethane system house, utilities and hospitality management. Bina Puri has successfully completed projects such as roads and highways, bridges and interchanges, waterworks, land reclamation works, residential and commercial buildings, hotels, hospitals, airports and government complexes. The group has international presence in that it has undertaken projects in Cambodia, China, Brunei Darussalam, United Arabs Emirates, Saudi Arabia, Pakistan, India, Indonesia and Thailand.
hsr value won contract value = rm1 bil bina puri portion in JV = 30% = rm300mil contruction profit margin in hsr about 20% to 30% say is 20% bina puri profit ~ rm60mil
project is over 3 years, hence 60mil/3 = rm20mil per year/per annum
Since announcements was made through Bursa, Bursa should seek more clarification: 1) BPuri effective value of the HIGH-SPEED RAILWAY BID IN THAILAND is 1B or 30% of 1B? 2) The duration 36 month starting counted from when? 3) How the "Group's unbuilt book order stands at RM1.9 billion as at to date" is derived? 4) What is the structure of SPTK JV Co. Ltd?
While missing the essential ponits, the co, made many "extra" content not related, eg. Why they should state the 1.9B unbuilt book order (3 above); Is this " A total of 26 projects with approximate value of RM2.0 billion have been completed by Bina Puri in Thailand since 2003." related to the bid won?
The purpose is probably to draw investors to buy the share.
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....
Evara75
168 posts
Posted by Evara75 > 2020-10-08 12:14 | Report Abuse
Go go tp30/35