BINASAT COMMUNICATIONS BERHAD

KLSE (MYR): BINACOM (0195)

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Last Price

0.275

Today's Change

-0.015 (5.17%)

Day's Change

0.265 - 0.29

Trading Volume

8,889,000

IPO Info
Offer Period

Opening

2017-12-13

Closing

2017-12-13

Time Table

Allotment Date

2018-01-04

Listing Date

2018-01-08

Price

Issue Price

0.46

Units

260,000,000

Share Capital

0.000

No of Shares

Public Issue

26,000,000*

Offer for Sale

40,000,000

Private Placement

59,979,000

Issuing House

MIH - 586

ISIN Code

MYQ0195OO006

Prospectus:

(A) PUBLIC ISSUE OF 85,979,000 NEW ORDINARY SHARES IN BINASAT COMMUNICATIONS BERHAD (SHARES) COMPRISING (I) 13,000,000 SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 13,000,000 SHARES AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES, AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF OUR GROUP; AND (III) 59,979,000 SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; (B) OFFER FOR SALE OF 40,000,000 EXISTING ORDINARY SHARES IN BINASAT COMMUNICATIONS BERHAD (OFFER SHARES) BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN ISSUE/OFFER PRICE OF RM0.46 PER SHARE PAYABLE IN FULL UPON APPLICATION IN CONJUNCTION WITH OUR LISTING ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD.

Binasat Communications Bhd - English IPO (Part 1).pdf

Binasat Communications Bhd - English IPO (Part 2).pdf

Discussions
6 people like this. Showing 50 of 3,030 comments

Mikecyc

Haha for Sure Hextar shall be a Go .. just the right timing Only …

Dato Datuk Ong Choo Meng "Eddie" CEO/Exec Dir, Hextar Technologies Solutions Bhd.

Notably, Ong is also a major shareholder in listed companies such as Hextar Global Bhd, KIP REIT, Hextar Healthcare Bhd (Rubberex Corp (M) Bhd), Hextar Industries Bhd (formerly known as SCH Group Bhd), Hextar Technologies Solutions Bhd (formerly known as Complete Logistic Services Bhd), Hextar Capital Bhd (formerly known as Opcom Holdings Bhd), as well as Classic Scenic Bhd and Perak Transit Bhd.

Posted by raymondroy > 3 days ago | Report Abuse

Could Hexcap be making a GO for binacom .... would love that idea

1 month ago

Mikecyc

Haha just like Privasia 1st Time issued PP in 4 Tranche .. rushing to be Listed .. with the Latest QR is improved .. Price is Uptrend …

1 month ago

Mikecyc

Binacom Major shareholder is Changed to Hextar Capital ( Formerly known as Opcom ) : 24.781 %


1.) 2/10/2023 Acquired 70,000,000 shares
at ard RM 0.39 = RM 27,300,000

2.) 12/1/2024 Acquired 26,222,021 shares
at ard RM 0.30 = RM 7,866,606


👉Average per share = 35,166,606 / 96,222,021 = RM 0.365


( 👉👉 Same as Privasia 1st Times issued PP in 4 Tranche )

Binacom PP ( 58,244,300 unit )

3.) 1st Tranche PP is listed on 28/5/2024 , 12,000,000 unit at RM 0.235 = RM 2,820,000

4.) 2nd Tranche PP price fixing on 14/6/2024 , 11,000,000 unit at RM 0.25, is listed on ???? = RM 2,750,000

After 2nd Tranche PP >> Average Price per share = ( 35,166,606 + 2,820,000 + 2,750,000 ) / ( 96,222,021 + 12,000,000 + 11,000,000 ) = RM 40,736,606 / 119,222,021
= Rm 0.3417

1 month ago

Mikecyc

Haha Ok , I stop for now …

Oh , btw Thanks SLLEE share Binacom in Privasia … Good Luck ..

1 month ago

Mikecyc

Haha once is a GO .. Price Shl be Higher ..

Posted by cK1973 > 2 days ago | Report Abuse

if by next week, it can break 30.....
most probably we might see the price back to previous high of 46.....
my target is to see the price breaks 50c in mid term....
stay tune guys....

1 month ago

Mikecyc

Haha .. 2 Tranche PP is ard 40 % .. looks like shl divided into 5 Tranche … all Proxy or relatives ke ….

1 month ago

Mikecyc

Binacom Warrant - WA

Haha interesting lo .. All Dato Ong Choo Meng "Eddie" Warrant -WA is in Pledge Account .. under his Name ..Take note of

👉Strike Value RM 0.32 …

👉And Maturity Date : 2026-01-17



Issued on 2023-01-18
Maturity 2026-01-17
Strike value 0.3200
Ratio 1:1

1 month ago

jaynetan

while searching for catalyst counters i came across binacom.
reading tru all your informations and remarks, appreciate all of you, expecially mikecyc.
hope the catalyst is like appasia.
cheers

1 month ago

cK1973

volume slowly building up....
price up to 29 but didn't manage to break 30.....
let's see this week whether this resistance can be broken or not....

1 month ago

cK1973

Binacom has a DC in TPM But Jalil KL.....
As Hextar group took over the company earlier this year......
I expect some major move from the top management very soon....
As reported in CNBC on 16-Jun-24, "Malaysia Is Emerging As A Data Centre Powerhouse Amid Booming Demand From AI".......
If u have studied the price trend, it floated between 24-26 for the past few months.....
Currently the range of 28-29 is still consider reasonable......
Hopefully it will be trending like JCY in the future....
Hopefully ......

1 month ago

cK1973

As the NOSH is only 400mil.....
breaking 30 is imminent .....
breaking 46 of previous high is challenging.....

1 month ago

SLLEE5732

Jc5
Good luck to you too

1 month ago

SLLEE5732

All 5g counters get ready for this BIG day

1 month ago

zerocool7199

Once PP done confirm big fly!!

1 month ago

cK1973

soon .....
very soon.....

1 month ago

WMY2188

Binacom...ini kali lah

1 month ago

Gai Dan

nothing happened ...

3 weeks ago

SLLEE5732

Binacom will follow OpCOM
movement

3 weeks ago

zerocool7199

Wait somemore la..PP havent done how to push up

3 weeks ago

SLLEE5732

10% PP listings on 28/06/24
Buy now before shoots up tomorrow

3 weeks ago

SLLEE5732

Additional Listing Announcement /Subdivision of Shares | https://www.klsescreener.com/v2/announcements/view/7205751

3 weeks ago

zerocool7199

Last train before rockettttt.huhu

3 weeks ago

SLLEE5732

Zerocool
👍👍👍

3 weeks ago

cK1973

28c fair price at this moment.....
TP 40, can achieve?
let's see in next few weeks....

3 weeks ago

SLLEE5732

My TP is 0.50++

3 weeks ago

SLLEE5732

Next week all 5G related stocks in action

3 weeks ago

cK1973

sustain well at 28....
hopefully everyone no need to wait for too long....
still maintain my TP at 40....
good luck to all....

3 weeks ago

zerocool7199

Matter of time..very soon.cheersss

3 weeks ago

cK1973

still waiting.....
sustaining well at 28.....

2 weeks ago

moonasia

this month another one big topic is 5G ,big cake will coming soon.

2 weeks ago

zerocool7199

Engine tengah kasi panas..macam start mau fly oh

2 weeks ago

fregend

Banyak trader how to fly

2 weeks ago

cK1973

testing 29 up.....
if can break 30....
good chance to see uptrend....
stay tune guys...

2 weeks ago

cK1973

good closing today at 29.....
should break 30 by tomorrow if circumstances allow.....
still maintain my TP at 40....
good luck to all....

2 weeks ago

cK1973

as usual, friday is a quiet day....
have to wait for next week....

2 weeks ago

cK1973

closing at 28.....
not bad......
hopefully next week will trend higher .....
need to break 30 to see a higher high trend....
still maintain my TP at 40....
happy holidays and good luck to all....

2 weeks ago

cK1973

Just to recap what I had mentioned about this company :-
Binacom has a DC in TPM But Jalil KL.....
As Hextar group took over the company earlier this year......
I expect some major move from the top management very soon....
As reported in CNBC on 16-Jun-24, "Malaysia Is Emerging As A Data Centre Powerhouse Amid Booming Demand From AI".......
If u have studied the price trend, it floated between 24-26 for the past few months.....
Currently the range of 28-29 is still consider reasonable......
Hopefully it will be trending like JCY in the future....
Hopefully ......

2 weeks ago

WMY2188

Folks...binacom dah mula gerak

1 week ago

JP01

1 step forward and 2 step backward.

6 days ago

WMY2188

😁😁

5 days ago

cK1973

slow and steady....
let's see whether the price can sustain at 30 or not....

5 days ago

WMY2188

Breakout...0.30
Good luck Binacom

5 days ago

zerocool7199

Wah sibeh strong binacom

5 days ago

cK1973

good closing and sustainable at 30.....
need to see the price sustain in 30 range for new couples of days......
if not it might retrace back to 28 range......
if price can break 35....
most probably will see a strong uptrend....
upper range should be range 40-45......

5 days ago

damansaraeagle

To cK1973: Now is down trend to 0.27 cents. Can Binacom goes to 45 cents ? The pressure is very high going down.

9 hours ago

cK1973

price not sustaining at the range of 30.....
retracing to 25-28 range......
to me, i ve ehough stocks n will wait....
still need to see the price goes back to 30....

4 hours ago

tekken

no hope this one

4 hours ago

cK1973

still early to tell @tekken.......
when price is shaken down...
it's always an opportunity to buy.....
choice is yours......
for me, i m just waiting for the right time.....

3 hours ago

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