BINTAI KINDEN CORPORATION BHD

KLSE (MYR): BINTAI (6998)

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Last Price

0.125

Today's Change

0.00 (0.00%)

Day's Change

0.125 - 0.13

Trading Volume

4,228,900


14 people like this.

20,650 comment(s). Last comment by arztronaut 5 days ago

Posted by Kungsing Ting > 2016-08-04 08:18 | Report Abuse

Is it good for company?

viper88

1,798 posts

Posted by viper88 > 2016-08-04 11:15 | Report Abuse

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.

warrior

609 posts

Posted by warrior > 2016-08-04 11:34 | Report Abuse

please monitor closely, definitely, history will repeat.

viper88

1,798 posts

Posted by viper88 > 2016-08-04 12:49 | Report Abuse

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.

viper88

1,798 posts

Posted by viper88 > 2016-08-05 13:59 | Report Abuse

Qtr result end of this month.

Posted by Kungsing Ting > 2016-08-05 15:17 | Report Abuse

Queuing 500 lots at 0.195 to add more, see got chance or not. Target hold for long term until end of this year. Believe result good next year..haha

Posted by Kungsing Ting > 2016-08-05 19:27 | Report Abuse

Bought... Waiting and waiting target 0.24 first... Construction sector is recovery now. hopefully can reach next month.. haha.

viper88

1,798 posts

Posted by viper88 > 2016-08-08 16:19 | Report Abuse

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

Posted by Kungsing Ting > 2016-08-09 08:35 | Report Abuse

I already on board at 0.195, now waiting only. I believe QR will be good since bintai in SG already strike off. I heard bintai in SG always lose money.

warrior

609 posts

Posted by warrior > 2016-08-09 19:45 | Report Abuse

wow !!, today, last 10 minutes someone sapu 400,000 shares @ 20.5 sen.

Posted by Kungsing Ting > 2016-08-09 22:22 | Report Abuse

Yup.. no wonder suddenly raised to 0.205. That holder also smart and intelligence.. haha. Now it still at low price.. I waiting it go to 0.23 first, then only decide what to do. Haha

viper88

1,798 posts

Posted by viper88 > 2016-08-10 01:42 | Report Abuse

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.

Posted by Kungsing Ting > 2016-08-10 06:45 | Report Abuse

I at there too last year August. 0.2 price too.

warrior

609 posts

Posted by warrior > 2016-08-10 16:02 | Report Abuse

viper88 is right, BIG block sell queus @ 20.5 sen. So, need to wait somemore.

Posted by Kungsing Ting > 2016-08-11 08:31 | Report Abuse

Look like they are waiting more people to sell at 0.2 - 0.205, then they can collect more and more and bomb it up..

viper88

1,798 posts

Posted by viper88 > 2016-08-11 10:36 | Report Abuse

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.

Posted by Kungsing Ting > 2016-08-11 11:07 | Report Abuse

Waiting for company director to push it up. Haha

viper88

1,798 posts

Posted by viper88 > 2016-08-11 11:15 | Report Abuse

Its likely those bigshareholder /big players that subscribed for the RI 0.20 last year want to avg down their previous Bintai high price. Price has been sell down and hold at abt 0.20+/- lvl as per RI price . If price drop lower than 0.20.. it will not be profitable to trade for them.

Qtr result ending March 2016 coming soon end of this mth.
Most contracts secured last year will contribute positively for financial ending March 2016 as per annoucement.

warrior

609 posts

Posted by warrior > 2016-08-11 14:11 | Report Abuse

well, we also can patiently buy more at 20 sen.

Posted by Kungsing Ting > 2016-08-11 16:12 | Report Abuse

Yes. I.already bought in at 0.19 and 0.195. Now waiting it to bomb up

viper88

1,798 posts

Posted by viper88 > 2016-08-11 17:01 | Report Abuse

Last month won TNB project worth RM18million price only up till 0.225 but didn't have enough support buying strength. Price cant sustain and drop back to 0.19. Even in Jan this year won RM120million project price only up abit 0.35 to 0.375 before get sell down 0.28-0.25- 0.20.

viper88

1,798 posts

Posted by viper88 > 2016-08-14 01:15 | Report Abuse

Kungsing Ting: Need big players to push the price up, currently price not going anywhere with small vol trading.

Posted by Kungsing Ting > 2016-08-14 08:06 | Report Abuse

Yes. Can't do.anything as we all are.small trader only. Waiting and waiting only. Haha

viper88

1,798 posts

Posted by viper88 > 2016-08-15 10:31 | Report Abuse

Buyer queue 0.20 keep accumulating. Selller queue 0.205 block. Price stagnant.

Posted by John Foo Sxhong > 2016-08-15 16:52 | Report Abuse

wait till report out

viper88

1,798 posts

Posted by viper88 > 2016-08-15 22:29 | Report Abuse

Last year Aug price also hover low at 0.20+ and after qtr result annouce +ve, price move up high in Sept.

viper88

1,798 posts

Posted by viper88 > 2016-08-16 11:41 | Report Abuse

YEsterday big queues at 0.205, today suddenly so little queue.
Vol buy still low not enough to boost buyer confidence eventhough Bintai should have rebound much higher with its disposal of lost making subsidiaries and recent won TNB projects.

warrior

609 posts

Posted by warrior > 2016-08-17 08:49 | Report Abuse

the best strategy is buy cheap now and wait.

viper88

1,798 posts

Posted by viper88 > 2016-08-17 15:18 | Report Abuse

So low vol and lack of buyer buying interest. Hard 2 attract buyers to buy/trade.
The mainshareholders and operators need to follow AWC.. from 0.30 can push up till 0.90+/-.

Posted by John Foo Sxhong > 2016-08-17 18:08 | Report Abuse

some one control these counter it difficult to up

viper88

1,798 posts

Posted by viper88 > 2016-08-17 22:30 | Report Abuse

After all the RI and private share placement with new contracts won, price still come down back to 0.20 lvl. http://www.stockhut.com.my/news/104751.

Need +ve newsplay and big players take more effort to push the counter Bintai up.

mirete1101

140 posts

Posted by mirete1101 > 2016-08-18 19:32 | Report Abuse

good or bad?

ken law

538 posts

Posted by ken law > 2016-08-18 22:57 | Report Abuse

start earningloh!

viper88

1,798 posts

Posted by viper88 > 2016-08-18 23:58 | Report Abuse

1Q net profit RM0.285 million. +ve financial result.
Still have some court case pending receiveable abt RM30million+ end of Aug.

SKY2

679 posts

Posted by SKY2 > 2016-08-19 09:54 | Report Abuse

A new chapter as I what I see ..meaning marking the end of the bad debts era..and high possibility of bad debts recovery meaning adding more profits later ..the party sued odeli offered Bintai for some settlements last time but the amount was rejected by Bintai due to a low offer . Anyway correct me on the court cases as I do not really follow through

Posted by riskabsorber > 2016-08-19 10:54 | Report Abuse

Look at the segment report, the main business from specialized M&E was making losses even though the revenue increased by almost doubled. From this can see that the project tendered in Singapore were low margin and hardly can break-even. This is yet to consider the written off the long term receivables. If this coming quarter still have the same issue. I will foresee another impairment will be provided this year end.

viper88

1,798 posts

Posted by viper88 > 2016-08-19 21:29 | Report Abuse

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

The Striking Off will not have any material effect on the net assets, issued and paid-up share
capital and substantial shareholdings of the Company for the financial year ending 31 March 2017


Court case pending receiveables: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=176307&name=EA_DS_ATTACHMENTS

Arbitration:
On 29 November 2009, the High Court had ordered the claim against SBP be referred to arbitration
and the action against SBP be stayed pending disposal of the arbitration proceeding. Thereafter, SBP
had, on 1 April 2010, commenced arbitral proceedings against KBK for, amongst others, liquidated
and ascertained damages of RM33.555 million for the delay in completion of the Development Project
together with general damages. In the same proceeding, KBK counterclaimed against SBP for the reliefs
as claimed by KBK in the civil suit.
The Company has on 14 March 2016 announced a notification received from KBK’s solicitors on 11
March 2016 that SBP has been ordered to pay a total sum of RM4.985 million with an interest of 5% per
annum on the aforesaid sum commencing from 3 June 2008. On 7 April 2016, a Final Corrective Notice
was issued and the amount SBP was ordered to pay was amended to RM1.719 million.
However, KBK has made an application to the High Court to set aside the Final Award (dated 9 March
2016) and Final Award Corrective Notice (dated 7 April 2016) pursuant to Section 42 of the Arbitration Act
2005, of which hearing is scheduled on 30 August 2016.
Based on legal opinion, the Directors hold the view that KBK has good grounds to set aside the Final
Award and the Final Award Corrective Notice.

Posted by John Foo Sxhong > 2016-08-23 11:47 | Report Abuse

sleep another 3 month

viper88

1,798 posts

Posted by viper88 > 2016-08-25 01:19 | Report Abuse

Yes, currently at historical low price since its debut.
Other stock par value RM0.10 also trading at abt 0.30+/- which is 3X higher.
Some trade at 1.5-2.5X more than its stock par value.

Bintai stock par value 0.20 but still trading at price 0.20.

cindy

99 posts

Posted by cindy > 2016-08-25 10:39 | Report Abuse

rubbish stock no eyes see :(

cindy

99 posts

Posted by cindy > 2016-08-25 10:39 | Report Abuse

no hope for wa

viper88

1,798 posts

Posted by viper88 > 2016-08-25 12:32 | Report Abuse

warrant conversion 1:1 at 0.20. Now main share trading at 0.20 and wa at 0.095.
Main shares need to move above 0.30++ only its wa have hope.

Current main shares been press n hold down even with new secured contracts & +ve fin qtr result. Need to breakout from its current low price with more big players support push.

viper88

1,798 posts

Posted by viper88 > 2016-08-26 11:42 | Report Abuse

Bintai main shares price at low lvl quite some time. Have potential break up higher price, need holding power.

Posted by John Foo Sxhong > 2016-08-29 15:21 | Report Abuse

take a good sleep no up no down

ken law

538 posts

Posted by ken law > 2016-09-04 07:00 | Report Abuse

bintai get new project rm168milion.

ken law

538 posts

Posted by ken law > 2016-09-04 14:00 | Report Abuse

bintai get 168milion project.

ken law

538 posts

Posted by ken law > 2016-09-05 09:40 | Report Abuse

bintai moving up today aftetrm168million project for singapore GH

viper88

1,798 posts

Posted by viper88 > 2016-09-05 09:47 | Report Abuse

Won big projects but big players still not much buying actions.
Price still at lower range, need to break out 0.23 - 0.25.

Posted by John Foo Sxhong > 2016-09-05 11:41 | Report Abuse

next few day will back to 20 cents

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