Bintai Kinden gains 13% on Cambodian contract Published at 2015-11-23 11:54:09 by The Edge
KUALA LUMPUR (Nov 23): Bintai Kinden Corp Bhd rose as much as four sen, following announcement of a US$15.15 million (RM64.89 million) mechanical, electrical and plumbing contract involving the Rosewood Hotel in Phnom Penh. Bintai Kinden's shares rose to their highest so far today at 34 sen. At 11:22am, the stock pared gains at 33.5 sen, with some seven million shares exchanged.
Year-to-date, Bintai Kinden shares had appreciated about 53%, outperforming the FBM KLCI's estimated 5% contraction, according to Bloomberg data.
Last Friday (Nov 23), Bintai Kinden said it received the project's letter of acceptance from Vattanac Properties Ltd. Bintai Kinden said it was undertaking the project via 69.82%-owned subsidiary Bintai Kindenko Pte Ltd.
Bintai Kinden expects to complete the project by Aug 31, 2016.
Today, RHB Research Institute Sdn Bhd's technical analyst Lim Sae Wai said in a note that the research firm had a target price (TP) of 37 sen for Bintai Kinden shares.
Lim indicated the TP came with a cut-loss and buy-back price at 28 sen. (Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
The Best Penny Stock In Malaysia : DEEP VALUE PLAY Bintai strong partnership ties with Samsung will most likely be awarded the KL118 M&E package valued at not less than RM500mil.. With this additional job and two other anticipated LRT & MRT works worth RM 1.2Billion plus outstanding orders on hand at RM1.6Billion, the Book Order will surpass RM3.3Billion by year end. Happy Trading
Mechanical and electrical (M&E) engineering service provider 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.
"We're interested in the M&E, heavy duty power (generation) part," managing director Ong Choon Lui told reporters after its EGM here yesterday. He said the company is also bidding for infrastructure, facilities, oil and gas, factories and hospital projects. Bintai Kinden has an order book of RM500 million in Malaysia and S$480 million (RM1.3 billion) in Singapore
the counter that our friend keng 88 last time want to play one....now have big player black horse you teka....because here have big player agent here....so i dun state here....
Up from 0.31 till 0.355 and close 0.34. Still not so bad just that its just 1 day strong buying. Should follow instacom.. direct 5 days buying push up price kaw kaw.
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duitKWSPkita
26,756 posts
Posted by duitKWSPkita > 2015-11-23 17:29 | Report Abuse
它终于变态了。。。。还好它开始变态了