Before ended up like SD and Brahim, it needs to fly first like them too. Havent fly how to pancing retailers?
SorosMalaya
SEMBANG !!!! kat media sibuk tayang muka si azri "BINTAI" dapat kontraK ngn petronas la , itu la ini la , bagi gempak jeee pancing retail trader , Never trust malay company they dont know bisness semua kroni je, bintai will next SERBA & BRAHIM :))
Sure pancing retailer join , pump and dump :) same like brahim , pump kaw2 then suddenly announce news kena delist , pagi esok terus gap down :) then all insider/kroni/jerung sudah take profit then caw tggl bilis sangkut kat pucuk :))
I just don't wanna speak about news anymore, Bursa are the king of making news(mou,contract) without any clear pathway. So, don't blindly jump into the rabbit hole again. Let me speak with figures.
Their debt is 177M and they have only 11.5M in hand as cash. I doubt this post-covid counter would still be here unless they got PP and new bussiness that propel the share up.
I pity those who entered at ~RM1. Just cut loss and keep the cash temporary. Inflation at US already reach 8.5% and malaysia would be half of it perhaps. That's really high though.
Bintai Kinden Corp Bhd's subsidiary Bintai Energy Sdn Bhd has been appointed the exclusive distributor for pipes and valves supplied by Gerab Group in Malaysia and Brunei. In a statement to Bursa Malaysia, Bintai Kinden said Bintai Energy on Wednesday (April 20) entered into a distribution agreement with Gerab National Enterprises LLC for the distribution of pipes and valves for the oil and gas business supplied by the latter.
the more Bintai announced projects, the more the price would drop. Reason? those projects cant even earn enough to pay the salary of its CEO and directors. Stop announcing those peanuts projects
Bintai Kinden Corp Bhd posted a net profit of RM1.17 million for the fourth quarter ended March 31, 2022 (4QFY22), compared to a net loss of RM6.04 million a year earlier, on the back of RM37.94 million in revenue, which was 119.85% higher than the corresponding quarter’s top line.
How Healthy Is Bintai Kinden Corporation Berhad's Balance Sheet? Zooming in on the latest balance sheet data, we can see that Bintai Kinden Corporation Berhad had liabilities of RM91.9m due within 12 months and liabilities of RM130.3m due beyond that. Offsetting this, it had RM5.33m in cash and RM133.9m in receivables that were due within 12 months. So its liabilities outweigh the sum of its cash and (near-term) receivables by RM83.0m.
This is a mountain of leverage relative to its market capitalization of RM93.7m. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution.
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....
ocbc
917 posts
Posted by ocbc > 2022-04-13 10:59 | Report Abuse
business world needs connections lah