BINASTRA CORPORATION BERHAD

KLSE (MYR): BNASTRA (7195)

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Last Price

1.60

Today's Change

-0.04 (2.44%)

Day's Change

1.58 - 1.60

Trading Volume

401,400


11 people like this.

12,438 comment(s). Last comment by icecube 5 days ago

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

As at 4.37pm
Hang Seng => 27,569.19 +448.21 (+1.65%)
Nikkei => 20,773.56 +198.93 (+0.97%)
Shanghai => 2,601.72 +10.03 (+0.39%)
Taiwan => 9,969.61 +92.49 (+0.94%)
Korea Kopsi => 2,177.73 +32.70 (+1.52%)
Spore STI => 3,207.84 +17.11 (+0.54%)
KLSE => 1,700.01 +6.42 (+0.54%)

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

NO STORY?

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2019-02-01 21:24 | Report Abuse

Sleep first.

tkl88

8,712 posts

Posted by tkl88 > 2019-02-13 17:45 | Report Abuse

All the Asian bourses was spike up today!!!

Shanghai => 2,721.07 ( +49.17) (+1.84%)
Hang Seng => 28,497.59 (+326.26) (+1.16%)
Nikkei => 21,144.48 (+280.27) (+1.34%)
Singapore => 3,244.77 ( +43.62) (+1.36%)

Huat ah! Heng ah! Ong ah!

tkl88

8,712 posts

Posted by tkl88 > 2019-02-15 12:44 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/02/15/growth-beats-forecasts/
Malaysian economic growth beats forecasts Friday, 15 Feb 2019

tkl88

8,712 posts

Posted by tkl88 > 2019-02-16 17:56 | Report Abuse

Monday onwards bull market to push above RM1.00
Don't missed this golden opportunity to become a wealthy people!
Any price below RM0.80 is a good buy!
Huat ah! Heng ah! Ong ah!

tkl88

8,712 posts

Posted by tkl88 > 2019-02-21 12:21 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/02/21/hattrick-for-bursa/
Malaysian stocks stage strongest rise in Asia

tkl88

8,712 posts

Posted by tkl88 > 2019-02-24 20:16 | Report Abuse

https://www.thestar.com.my/business/business-news/2019/02/24/guan-eng-upbeat-on-economy-after-january-cpi-data-more-jobs-created/#OOHsFJl8Hfrbgrpw.99

Guan Eng upbeat on economy after January CPI data, more jobs created
Sunday, 24 Feb 2019 12:19 PM MYT

VenFx

14,784 posts

Posted by VenFx > 2019-02-24 20:19 | Report Abuse

Tkl88,
If u r interested in green energy player ,
Can study nggb cypark ranhill.

tkl88

8,712 posts

Posted by tkl88 > 2019-02-24 20:30 | Report Abuse

Thanks VenFx for your info...
i really interested in green energy, that's why i sailang KNM at 0.07 & Comcorp at 0.105 !

VenFx

14,784 posts

Posted by VenFx > 2019-02-24 20:31 | Report Abuse

I trust nggb a good dynamic player in green.

tkl88

8,712 posts

Posted by tkl88 > 2019-02-24 20:45 | Report Abuse

What's the stock code of nggb ?
Maybe i will accumulate bullets to buy this counter...

tkl88

8,712 posts

Posted by tkl88 > 2019-02-24 20:47 | Report Abuse

it traded in First board or Ace market?

VenFx

14,784 posts

Posted by VenFx > 2019-02-24 20:50 | Report Abuse

Go check there,
https://www.klsescreener.com/detail.php?code=7241

In green biz, need to know their talents.
Dont bet big as it need 2-3years to bear fruitfully.

tkl88

8,712 posts

Posted by tkl88 > 2019-02-24 20:55 | Report Abuse

Ok, thanks VenFx !

VenFx

14,784 posts

Posted by VenFx > 2019-02-24 20:56 | Report Abuse

U r wlcn

bleuerouge

3,221 posts

Posted by bleuerouge > 2019-03-06 11:43 | Report Abuse

hello comcorp @0.13

hkhk

2,066 posts

Posted by hkhk > 2019-03-08 21:14 | Report Abuse

Going to 8c gua

Buy1sell2

2,345 posts

Posted by Buy1sell2 > 2019-03-12 07:55 | Report Abuse

Something is really fishy... fishy... going up and down...but keep going down lower and lower. Anyone here still loyal fan of comcorp?

tkl88

8,712 posts

Posted by tkl88 > 2019-03-15 14:58 | Report Abuse

Oh My goodness, Sapnrg was trading now at 0.37 (+0.02) (+5.7 percent) now!
It was hitting 0.375 (+0.025) (+7.1 percent)
Market was very super bullish today onwards !
Comcorp soon definitely will follow one !
Huat ah ! Heng ah ! Ong ah!

hkhk

2,066 posts

Posted by hkhk > 2019-03-28 19:13 | Report Abuse

Tomorrow terjun

Posted by birkincollector > 2019-03-29 18:44 | Report Abuse

miss the comcorp few years back when it was heavily promoted by ICON8888

tkl88

8,712 posts

Posted by tkl88 > 2019-03-30 03:27 | Report Abuse

Asian stock market super bull run!
Hang Seng: 29,051.36 +276.15 (+0.96%)
Nikkei: 21,205.81 +172.05(+0.82%)
Shanghai: 3,090.76 +95.81 (+3.20%)
Singapore STI: 3,212.88 +9.30 (+0.29%)
Klse: 1,643.63 +2.30; (+0.14%)

apolloang

18,163 posts

Posted by apolloang > 2019-04-03 11:04 | Report Abuse

another bad example of a con company.gave out special div then whole company collapse,apa ini? bursa mata buta kah let the directors walk free?

VenFx

14,784 posts

Posted by VenFx > 2019-04-03 11:07 | Report Abuse

Need to throw rotten eggs during the egm.

tomanhead

597 posts

Posted by tomanhead > 2019-04-03 11:50 | Report Abuse

Later this evening qr come out,price jump again

klmly2

587 posts

Posted by klmly2 > 2019-04-03 12:39 | Report Abuse

Uneducated old man

Posted by VenFx > Apr 3, 2019 11:07 AM | Report Abuse

Need to throw rotten eggs during the egm.

klmly2

587 posts

Posted by klmly2 > 2019-04-03 12:40 | Report Abuse

VenFx, lossing money everywhere bcoz u lack of investment skill,
go study basic first old man, dont blame all but never blame self


VenFx Need to throw rotten eggs during the egm.
03/04/2019 11:07 AM

tkl88

8,712 posts

Posted by tkl88 > 2019-04-03 12:59 | Report Abuse

tomanhead, is it true, QR will out this evening ?

Ameera

2,921 posts

Posted by Ameera > 2019-04-03 13:01 | Report Abuse

This company is cash rich right?

tomanhead

597 posts

Posted by tomanhead > 2019-04-03 13:56 | Report Abuse

tkl88 read the announcement here. http://www.bursamalaysia.com/market/listed-companies/company-announcements/6111557

tkl88

8,712 posts

Posted by tkl88 > 2019-04-03 14:52 | Report Abuse

Yes, got it=>
Further, the release of the outstanding Fourth Quarter Financial Results ended 31 January 2019 is targeted to be on or before 5 April 2019.

tkl88

8,712 posts

Posted by tkl88 > 2019-04-03 14:53 | Report Abuse

The QR will be out on Friday ! Hurray !

tkl88

8,712 posts

Posted by tkl88 > 2019-04-03 14:55 | Report Abuse

For those who dare to Sailang today & tommorrow will be making tons of profits
once the QR been release this Friday !
Huat ah ! Heng ah ! Ong ah !

tkl88

8,712 posts

Posted by tkl88 > 2019-04-03 14:55 | Report Abuse

Thanks tomanhead !

tomanhead

597 posts

Posted by tomanhead > 2019-04-03 15:44 | Report Abuse

No prob.tkl88

tkl88

8,712 posts

Posted by tkl88 > 2019-04-03 16:05 | Report Abuse

Wow suddenly spike up to => 0.065 (-0.02) (-23.53%)
Congratz to those who brave to Sailang at 0.045 & 0.05 this morning !
Huat ah ! Heng ah ! Ong ah !

Posted by wakenabeb > 2019-04-04 17:07 | Report Abuse

Will this go up beyond 0.07?

tkl88

8,712 posts

Posted by tkl88 > 2019-04-04 17:13 | Report Abuse

Tommorrow QR out i think at least will spike up to above 0.15
T.p by end of June 2019=> break above 0.30
T.p by end of September 2019=> break above 0.60
T.p by end of December 2019=> break above RM1.00

Posted by wakenabeb > 2019-04-04 18:27 | Report Abuse

Wow lucky for those who managed to get it at 0.045. Congrats and good luck all

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