BINASTRA CORPORATION BERHAD

KLSE (MYR): BNASTRA (7195)

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Last Price

1.20

Today's Change

+0.01 (0.84%)

Day's Change

1.18 - 1.20

Trading Volume

366,900


12 people like this.

12,441 comment(s). Last comment by troy88 1 month ago

king36

1,022 posts

Posted by king36 > 2018-07-27 19:14 | Report Abuse

How much Revenue will CGT contributes per year? Say by 31 Jan 2019?

tomanhead

601 posts

Posted by tomanhead > 2018-07-27 19:13 | Report Abuse

2 mega watt= 2 million watts,=2 thousand kwh,,say sell TNB at 10cent per kwh=2000x0.1=rm200 per hour x24=rm4800 x365=rm1.752 million

tomanhead

601 posts

Posted by tomanhead > 2018-06-26 23:52 | Report Abuse

just found out that the feed in tarriff rate is 0.4231,hence 2000x0.4231=846.2 per hour x 24=rm20308.8 per day x365=rm 7412712.00 that's the max output but anyway read here http://www.bursamalaysia.com/market/listed-companies/company-announcements/4771829 the agreement with TNB and scroll down to number 6 financial effects

Lala Chew

127 posts

Posted by Lala Chew > 2018-06-28 20:50 | Report Abuse

wow bad report.... wait at 0.12 cents

Posted by KingOfStock > 2018-06-28 21:30 | Report Abuse

QoQ still increase. new core business. :)

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-06-29 09:33 | Report Abuse

The Group recorded a revenue of RM0.8 million for the current financial quarter under review, a decrease of 99.1% or RM86.6 million as
compared to the corresponding quarter last year. Loss after tax was RM2.4 million for the current financial quarter under review whereas the
corresponding quarter last year recorded a profit after tax of RM2.4 million.

Ameera

2,921 posts

Posted by Ameera > 2018-07-01 14:47 | Report Abuse

Jia lat.. eat grass!!

tomanhead

601 posts

Posted by tomanhead > 2018-07-05 09:41 | Report Abuse

Wat is the story here today?

Ameera

2,921 posts

Posted by Ameera > 2018-07-06 19:29 | Report Abuse

Back to square!

tomanhead

601 posts

Posted by tomanhead > 2018-07-12 13:10 | Report Abuse

Yeo's statement good for comcorp.....green energy

Posted by KingOfStock > 2018-07-25 21:11 | Report Abuse

SELL

Lim Tek Wai

2,386 posts

Posted by Lim Tek Wai > 2018-08-14 11:21 | Report Abuse

Nice

tomanhead

601 posts

Posted by tomanhead > 2018-08-23 14:00 | Report Abuse

coming QR must be good...

Posted by Wong Siew Lok > 2018-08-28 23:51 | Report Abuse

When is OR come out?

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-09-12 23:03 | Report Abuse

Gone. Those bought at 20 sen. Cry with no tears.

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-09-28 21:07 | Report Abuse

sell.

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-09-28 21:08 | Report Abuse

Latest QR result QoQ -176.21% YoY - -353.35%. :(

kyosan

786 posts

Posted by kyosan > 2018-10-16 17:34 | Report Abuse

guys..time to goreng this stock... u can see Merge has moving.. peace~

Franklim1989

1,453 posts

Posted by Franklim1989 > 2018-10-18 17:59 | Report Abuse

YAP.. COMING SOON

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-10-25 21:31 | Report Abuse

Danger!!! 14 sen support ....Broken!!!! Bear is so fierce. Better hide.
https://www.thestar.com.my/business/business-news/2018/10/25/asia-stock-benchmark-enters-bear-market-with-no-end-in-sight/

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-11-09 22:17 | Report Abuse

14 sen already support turn into a resistance. Very tough to break. Just stay out and go for a holiday.

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-12-21 19:30 | Report Abuse

10 sen support turned resistant now?

Ameera

2,921 posts

Posted by Ameera > 2018-12-22 08:08 | Report Abuse

Market v slow...

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2018-12-31 23:11 | Report Abuse

Sell.

amy898

244 posts

Posted by amy898 > 2019-01-15 11:48 | Report Abuse

Ameera still holding this stock?

Winmore88

1,165 posts

Posted by Winmore88 > 2019-01-15 12:34 | Report Abuse

Flying like baby

Winmore88

1,165 posts

Posted by Winmore88 > 2019-01-15 12:34 | Report Abuse

Going to hit 20c

Winmore88

1,165 posts

Posted by Winmore88 > 2019-01-15 12:35 | Report Abuse

Operator accumulated long enough for this counter. Will push up to 20c. Grab some ticket before next spike.

Posted by guerillaranger > 2019-01-15 13:11 | Report Abuse

heard comcorp negotiating with govt regarding a project no wonder today got volume expecting around 0.20

Winmore88

1,165 posts

Posted by Winmore88 > 2019-01-15 13:24 | Report Abuse

Wow..then should got outcome d...from today's volume.. Could be insider sapu

mobidick

131 posts

Posted by mobidick > 2019-01-15 15:50 | Report Abuse

Yes, the news is comcorp is negotiating something about waste recovery business. But current minister is still reluctant on give permission because she doubt it and the current sentiment about pollution. So company maybe offering to do demonstration for proof of concept. Keep in mind government keep refusing a lot of waste permit from coming into country so it means only local waste maybe able to process. So this counter is still at best a speculator best friend. In any case refer to company pn17 business proposal for business change of direction and turnaround plan.

Posted by guerillaranger > 2019-01-15 16:56 | Report Abuse

closed at 0.155 with strong volume really think something might be happening

Posted by guerillaranger > 2019-01-15 17:03 | Report Abuse

comcorp heard that they're going into biomass/biogas plant recently to get them out of pn17

probably they might have proposed to potential suitors to do reverse takeover to inject the power plant into the company

Winmore88

1,165 posts

Posted by Winmore88 > 2019-01-16 06:17 | Report Abuse

Today continue to fly perhaps

hkhk

2,066 posts

Posted by hkhk > 2019-01-16 11:01 | Report Abuse

kena cuci ka

tkl88

8,712 posts

Posted by tkl88 > 2019-01-16 17:33 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/01/16/rare-singapore-hotel-site-gets-record-us$415m-bid/
Rare Singapore Hotel site gets record US$415m bid

Property sector for asian countries started to booming ?

tkl88

8,712 posts

Posted by tkl88 > 2019-01-17 16:46 | Report Abuse

Wow, unbelieveable hot hot super bull market now...
Genting is now at 6.82 +0.40 (+6.23 percent) !!!

Posted by ChanZheKang > 2019-01-17 17:40 | Report Abuse

comcorp not doing so well today? why?

tkl88

8,712 posts

Posted by tkl88 > 2019-01-17 17:56 | Report Abuse

It was spike up from around 8 cents to 0.14 now (already up +75%) !
But bull also need to rest ma...
Just be patient, it will +100%, +500% , +1000% and so on soon...
T.p by end of 2019 => break 0.50
T.p by end of 2020 => break RM1.00
T.p by end of 2021 => break RM2.00

tkl88

8,712 posts

Posted by tkl88 > 2019-01-18 19:07 | Report Abuse

Bumi Armada jumps to highest since end-Nov
Armada closed at 0.22 (+0.06) (+37.50%)

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2019-01-19 08:27 | Report Abuse

They sold their core business and just holding pile of cash. Some court case still pending. So it is lying idle. The reason why it went up is because some rumors. Nothing concrete yet. So if got profit just take.

Posted by commonsense > 2019-01-22 06:59 | Report Abuse

The group was supposed to used around RM50mil of the proceeds from the disposal of BCM Electroninc to Aurelius back in Jan 2018 (total consideration RM123.8mil) for 3 new core businesses: System Integration Maintenance Services (SIM), waste to energy business and green waste management business. However, all of management plans did not run smoothly as expected.

Their SIM business is facing challenges. The company had failed to secure any new contracts in Malaysia and faces delays in receivables collection. The legal tussle with U Televisyen has make it harder for the company to secure contracts (which include renewals). As a short-term solution, Comintel is trying to find opportunities in Indonesia but most probably any opportunities will be small (less than RM10mil) due to issue of obtaining financing in Indonesia. The company will need to use internally generated funds for all Indonesia related projects.

The company is currently facing delays in getting the Kuang plant, their maiden project in the waste to energy space, to start operation. Initially the Kuang IPP was supposed to be ready by January 2018 but the company faces delays in getting approval from Sustainable Energy Development Authority (SEDA). All approval from SEDA has since been given. The company hope for the plant to start generating revenue in FY20. However, there was still no update from management on the status of the plant since Nov 2018 (not sure if the plant has started operation or not).

Given the various challenges facing the company, it has since decided to put on hold any new expansions or projects both in the waste to energy (they initially plan was to start another new IPP in Penang) and green waste management businesses. The RM17mil which was initially budgeted for new ventures in green waste management projects has since been allocated as working capital for the Kuang IPP which needed more capital than initially projected. It is expected that the company will used up more of its cash reserves at least until the Kuang IPP starts operations.

Investors need to be prepared for negative earnings along with depleting cash flow for 4Q19 and 1Q20 financial reports.

If you are looking to diversify your portfolio outside of Comintel (due to its earnings uncertainties) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analyst is around RM3.50.

Good luck.

tkl88

8,712 posts

Posted by tkl88 > 2019-01-25 16:41 | Report Abuse

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tkl88

8,712 posts

Posted by tkl88 > 2019-01-25 16:42 | Report Abuse

All the Asian bourses spike up !!!
Huat ah! Heng ah! Ong ah!

hkhk

2,066 posts

Posted by hkhk > 2019-01-28 13:06 | Report Abuse

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