BINTULU PORT HOLDINGS BHD

KLSE (MYR): BIPORT (5032)

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Last Price

5.10

Today's Change

+0.08 (1.59%)

Day's Change

5.10 - 5.10

Trading Volume

100

Overview

Market Cap

2,346 Million

NOSH

460 Million

Avg Volume (4 weeks)

3,914

4 Weeks Range

5.00 - 5.25

4 Weeks Price Volatility (%)

40.00%

52 Weeks Range

4.77 - 5.60

52 Weeks Price Volatility (%)

39.76%

Previous Close

5.10

Open

5.10

Bid

5.00 x 1,200

Ask

5.10 x 900

Day's Range

5.10 - 5.10

Trading Volume

100

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2022 [#4] | 28-Feb-2023

Next QR | Est. Ann. Date

31-Mar-2023 | 27-May-2023

T4Q P/E | EY

18.37 | 5.44%

T4Q DY | Payout %

2.75% | 50.42%

T4Q NAPS | P/NAPS

3.81 | 1.34

T4Q NP Margin | ROE

16.14% | 7.28%

Market Buzz
Company Profile

Sector: TRANSPORTATION & LOGISTICS

Sector: TRANSPORTATION & LOGISTICS

Subsector: TRANSPORTATION & LOGISTICS SERVICES

Subsector: TRANSPORTATION & LOGISTICS SERVICES

Description:

Bintulu Port Sdn. Bhd. provides port services at Bintulu Port. It operates in two segments: Port operations and Bulking services. Port segment includes construction of port facilities, handling of cargo for LNG, petroleum products, general cargo, container and other ancillary services , whereas Bulking services provides bulking installation facilities for palm oil, edible oils and its by-products. Business activity of the group is functioned through Malaysia.

Discussions
1 person likes this. Showing 50 of 61 comments

LouiseS

Last 5 years EPS unstable and fluctuated significantly, from lowest point of 22sen to highest point of 34sen, PE ratio at 19, ROE 8.6%, and dividend yield is at 4.08%.

https://louisesinvesting.blogspot.com/2019/02/preliminary-screening-of-counters-with.html

2019-02-16 16:49

Hindsight Master

Company with strong competitive advantage and growth driver. Check out the Chinese release on Biport here. https://youtu.be/HwGiQUqXP8Y

2019-02-22 22:15

Hindsight Master

Congratulations to all BIPORT shareholders, kindly check out the English release on Biport yesterday. https://www.youtube.com/watch?v=c2MDhQGHJ5I

2019-02-27 17:50

Nepo

Anyone knows what has happened to this counter? The price has been falling drastically.

2019-09-03 06:17

Nepo

What has happened to this stock which has gone down recently with no rebound indication? Any hints?

2019-09-23 06:48

Kwong2018

Big fish collecting....something happing.

2019-09-23 13:22

Nepo

Top two giant shareholders are fighting for ownership?

2019-09-23 21:23

79vloy

4.0 easy come...

2019-10-02 08:50

ahteck85

A monopoly... hope it is not implicated by the political tussle.

2019-12-04 16:21

shpg22

Performance is mediocre despite all the advantages + continuous drops in dividend payout over 10 years from high of 40.95 cent to 14.00 now.

2019-12-08 09:46

Edmund Dominos

So quiet here. Anyone invest in this stock?

2020-01-12 13:55

stingray_ea

Hoooland boat

2020-02-19 14:30

Luckyman95

Nice counter I keep

2020-05-25 12:00

gnail

biport is now double bottom, uptrend coming.

2020-10-02 01:38

DreamCustodian

Up 4.05%

2020-10-02 02:06

DreamCustodian

Okay also la

2020-10-02 02:06

DreamCustodian

Boleh juga la

2020-10-02 02:06

DreamCustodian

Very good

2020-10-02 02:07

DreamCustodian

Excellent

2020-10-02 02:07

DreamCustodian

Well done

2020-10-02 02:07

DreamCustodian

Congratulations

2020-10-02 02:07

DreamCustodian

Keep up the good work

2020-10-02 02:08

gnail

jkm lng spot price over 5k now, lng good, lng up trend now.

2020-10-09 17:07

beluga

I like port businesses. It's sort of a monopoly one. I like MMC, Suria, Westport, Bintulu. All Malaysia listed companies. In terms of attractive valuations, the one that trade at big discount at the moment I think is MMC and Suria Bhd (all Sabah ports).

2021-01-29 14:53

wallstreetrookie

Westports, Bintulu Ports in focus

2021-08-23 07:52

Bgt 9963

Post removed.Why?

2021-08-23 08:54

wallstreetrookie

buy

2021-10-25 08:43

DarenWai

Post removed.Why?

2021-10-31 17:29

Joseph23

Post removed.Why?

2021-11-03 17:13

SincereStock

considering without further pandemic complication, logistic should be bullish onward

2021-12-08 09:16

Michael Kwok

Price5.15-5.25
Downgrade bport below 4.20.
30/8/2022 10.42pm

2022-08-30 22:41

SmallCapAsia

Bintulu port is a stable and profitable stock to ride out the volatility. Check out other stocks here: https://www.smallcapasia.com/7-stable-malaysia-stocks-for-nov-2022/

2022-11-02 11:39

Nepo

Renewal of Bintulu Port’s concession underway. The concession will expire on 31 Dec 2022, with the option to extend for another 30 years to 2052. The extension has been approved in principle, and BiPort as well as Bintulu Port Authority are in the midst of finalising the terms and conditions for the new concession agreement. An interim agreement was signed for 6 months from 1 Jan 2023. We expect the terms to be finalised by the expiry of this interim agreement.
We believe that would be a hike in tariffs upon the renewal of the concession. Bintulu Port’s average terminal handling charges are significantly lower than Samalaju Industrial Port (Exhibit 7). Likewise, Bintulu Port’s terminal handling charges for its containers are also lower than peers (Exhibit 8). Recall that Bintulu Port’s general cargo tariffs were last revised 39 years ago in 1983 while container tariffs were raised 23 years ago in 1999.

2 months ago

Nepo

I topped up some @ RM 4.78, half of my collection.
Anyone also bought in?

2 months ago

Nepo

no one buy?
i am the only one who stay here to support this share..

2 months ago

wallstreetrookieNEW

Nah, I am watching as well

2 months ago

Nepo

At this price RM 4.80, definitely worth to buy it.
Waiting to plumpet and top up another half


2 months ago

tedoptimus

用数据预测BIPORT 2022Dec 的业绩
https://youtu.be/x1CMXAxqTaE

1 month ago

Nepo

A13. Significant Events

The 30-years concession period of Bintulu Port Sdn. Bhd. (BPSB) under the Privatisation Agreement ended on 31st December 2022. The Government through Unit Kerjasama Awam Swasta (UKAS) vide letter dated 8 October 2014 had in principle approved the extension of concession for BPSB to operate Bintulu Port for another 30 years (2023 – 2052) subject to terms and conditions to be agreed upon by the parties.

On 24 November 2022, an Interim Agreement was signed between Government of Malaysia, Bintulu Port Authority and BPSB which allows BPSB to continue the operation, management, maintenance and provision of operational facilities and services of the port undertakings within the Demised Property at Bintulu Port on an interim basis and upon the same terms and conditions of the Privatisation Agreement for a period of six (6) months or until the terms and conditions of the new concession is concluded.

The parties are still in the midst of negotiating the terms and conditions of the new concession agreement.

There were no material events subsequent to the end of the reporting period that have not been reflected in the financial statements.

3 weeks ago

Nepo

We like BIPORT for: (i) its steady income stream from handling LNG cargoes for Malaysia LNG Sdn Bhd (that typically makes up close to 50% of its total profit), (ii) it could potentially enjoy a step-up in earnings if Bintulu Port is granted a significant hike in its port tariffs, and (iii) the tremendous growth potential of Samalaju Industrial Port backed by rising investment in heavy industries in Samalaju Industrial Park. Maintain OUTPERFORM.

Risks to our call include: (i) inability of Bintulu Port to secure an adequate port tariff hike to offset escalating operating cost, and (ii) a global recession hurting heavy industries in Samalaju Industrial Park.

Source: Kenanga Research - 1 Mar 2023

3 weeks ago

Nepo

Bintulu Port concession expired on 31 Dec 2022 with the option to extend for another 30 years until 2052. The extension has been approved in principle, and BiPort and Bintulu Port Authority are in the midst of finalising the terms and conditions for the new concession agreement.
An interim agreement was signed on 24 Nov 2022 for 6 months from 1 Jan 2023 onwards. We expect the terms to be finalised – with a potential tariff revision – by 30 Jun 2023.
Looking ahead, we have pencilled in a 4% growth in FY23F throughput volume. We are optimistic on BiPort’s outlook due to (i) the strong and resilient demand for LNG as Europe aims to reduce its dependency on Russian gas; (ii) the growth potential of Samalaju Industrial Port, underpinned by the Sarawak Corridor of Renewable Energy; and (iii) stable earnings and dividend yields.
Key risks are (i) macroeconomic and geopolitical uncertainties affecting LNG demand; and (ii) port congestions which may depress throughput volume.
The stock currently trades at an attractive FY23F PE of 17.9x, below its 5-year peak of over 20x.
Source: AmInvest Research - 1 Mar 2023

3 weeks ago

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