BINASAT COMMUNICATIONS BERHAD
KLSE (MYR): BINACOM (0195)
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Last Price
0.205
Today's Change
0.00 (0.00%)
Day's Change
0.205 - 0.21
Trading Volume
10,100
Profile
BINASAT COMMUNICATIONS BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: TELECOMMUNICATIONS & MEDIA TELECOMMUNICATIONS & MEDIA
Subsector: TELECOMMUNICATIONS SERVICE PROVIDERS TELECOMMUNICATIONS SERVICE PROVIDERS
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: No No
IDSS Flag: No No
Description
Binasat Communications Berhad, an investment holding company, provides support services for satellite, mobile, and fiber optic telecommunication networks in Malaysia. It operates through Satellite Communication, Mobile Telecommunication, and Fibre Optic Network segments.
The Satellite Communication segment offers installation and commissioning services, including setting up, aligning, and configuring VSAT ground stations at sites, such as petrol stations, self-service banking machines, oil palm plantations, offshore oil and gas platforms, and other remote areas; and installing and commissioning of satellite hubs and other related equipment at teleports, as well as supplies satellite network equipment. This segment also provides operations and maintenance services, such as scheduled and unscheduled maintenance at VSAT ground station sites, as well as operating satellite hubs; and uplink and downlink services for live telecasts for turf club, sporting, and other events on-location news broadcasts.
The Mobile Telecommunication segment is involved in the installation and commissioning business comprising setting up base transceiver stations; and provision of operations and maintenance services for mobile networks.
The Fibre Optic Network segment engages in the installation and commissioning activities, including laying of fiber optic cables, as well as installation of related network equipment; and provision of operations and maintenance services for fiber optic network equipment. This segment also offers call center services, such as technical support for its gateway customers. Binasat Communications Berhad was incorporated in 2017 and is headquartered in Kuala Lumpur, Malaysia.
Address
Discussions
6 people like this. Showing 50 of 3,064 comments
good closing today at 29.....
should break 30 by tomorrow if circumstances allow.....
still maintain my TP at 40....
good luck to all....
2024-07-03 16:55
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....
2024-07-06 11:18
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 ......
2024-07-06 11:35
slow and steady....
let's see whether the price can sustain at 30 or not....
2024-07-17 14:20
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......
2024-07-17 16:58
To cK1973: Now is down trend to 0.27 cents. Can Binacom goes to 45 cents ? The pressure is very high going down.
2024-07-22 10:11
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....
2024-07-22 16:05
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.....
2024-07-22 16:12
buy in at 24.5 or 25...sell at 29.5...easy money...the rest follow ur instinct
2024-07-23 10:50
guys 0.275 now before closing noon. Like i say nowhere today , expect 0.27 all day long
2024-07-23 12:53
Binacom's rebound problematic and you can run away but not now. You now pick up . This is very clear from the outside and looking at the chart. Still holding the ticket will make you think there is still a chance. If the buying price falls below the purchase price, your work will be in vain
2024-08-02 12:00
support level 0.245 Pray is going to break the support that will be very bad , to southern hemipshiere
2024-08-02 12:02
Binasat gets RM23.76mil cable laying job
TheStar Tue, Aug 27, 2024 06:40pm - 1 week
PETALING JAYA: Binasat Communications Bhd (BCB) has accepted a letter of award from Enertra Sdn Bhd in respect of cable laying works in Ara Damansara, Selangor, for Tenaga Nasional Bhd (TNB) worth RM23.76mil.
In a filing with Bursa Malaysia, BCB said the scope of works for the contract includes performing horizontal directional drilling (HDD) and open cut works; make good of surface for HDD pit according to local authority requirements; providing all relevant expertise and qualifications to perform the duties; and ensuring the security of the free issue materials, if applicable, at all time against any theft or damages before handing over the project to TNB.
“The contract shall be effective from the date of the letter of acceptance and the time for completion shall be 730 days from the commencement date.
“The contract will not have any material effect on the net assets and gearing of BCB and its subsidiaries for the financial year ending Dec 31, 2024 and is expected to contribute positively to the earnings of BCB Group over the duration of the contract.”
2 months ago
still long way to go....
hopefully it will go below 20.....
need to do some averaging.....
2 months ago
Why this counter ketinggalan from federal government’s ongoing digitalisation initiative ?
2 months ago
Telecommunication support services provider Binasat Communications Bhd has bagged a RM58.26 million contract to supply and install cable systems from Tenaga Nasional Bhd (TNB). Binasat said the contract is for the double-circuit underground cable from Pencawang Masuk Utama (PMU or substation) Titiwangsa to PMU Genting Kelang, and from PMU Genting Kelang to PMU Kampung Lanjut. The job is expected to take about 910 days or nearly two-and-a-half years to complete. — Binasat unit clinches RM58.26 mil cable systems contract from TNB
1 month ago
Opcom Holdings Bhd has acquired an 18% stake in Binacom, marking a strategic collaboration to enhance their telecommunications services. This partnership aligns their capabilities, with Binacom focusing on underserved regions in Malaysia, including projects like installing Very Small Aperture Terminals (VSATs) and Point of Presence (PoP) setups
1 month ago
Wake up guys , coming around the corner ------------------------As of September 2024, Opcom Holdings Bhd (now renamed Hextar Capital Bhd) is actively involved in strategic acquisitions and share movements. One key development is the increase in the stake held by Hextar Capital's CEO, Eddie Ong, who now controls 20.7% of the company's shares. There has been significant insider trading activity, with substantial disposals of shares by major shareholders, including over 16 million shares sold by a company director.These moves reflect ongoing efforts by Opcom/Hextar Capital to position itself strategically, possibly leveraging its telecommunications sector capabilities after recent expansions like its increased stake in Binasat Communications.
1 month ago
who is Eddie? HEXTAR Group CEO Datuk Eddie Ong Choo Meng is probably one of the most talked about corporate personalities in the investing fraternity. Over the past few years, the 44-year-old businessman and his family vehicle, Hextar Holdings Sdn Bhd, have been actively buying into companies.
Today, Ong and his family control nine public-listed companies (PLCs) on Bursa Malaysia. They also have minority stakes in another 30 PLCs.
Ong has been involved in corporate actions ranging from mergers and acquisitions (M&A) to asset injections, asset sales, business diversification and takeover offers — all within a span of five years, if not shorter.
Some retail investors have been tracking his acquisition trail as they somehow believe he can provide the catalyst for a share price rally. However, conservative investors see him in a different light, to say the least.
So, just who is Ong?
In 1985, his father Datuk Ong Soon Ho started agrochemicals marketing firm Hextar Chemicals Sdn Bhd in Klang, Selangor. This gave him a base to grow the Hextar Group of Companies into the country’s largest pesticide producer. The group manufactures chemical fertilisers and industrial chemical products, among others.
Ong entered the Malaysian corporate scene by engineering a reverse takeover of Hextar’s rival Halex Holdings Bhd in 2017. Subsequently, Hextar’s agrochemical arm, Hextar Chemicals Ltd, was injected into Halex for RM596.79 million. The latter was then renamed Hextar Global Bhd.
But it was Rubberex Corp (M) Bhd where Ong made a massive killing as the share price skyrocketed from a low of 24 sen to a peak of RM2.95 (after price adjustment following bonus issue of shares).
The investment allowed him to ride the unprecedented glove mania during the Covid-19 pandemic in 2020. He made his name with that move.
However, Ong attributes the lucrative investment to luck. “Whether Rubberex was the Midas touch, if you ask me, the answer may be no. I was very lucky,” he says in an interview.
Notably, Ong bought a 27% stake in the Ipoh-based glove maker in late February 2020, a few months before the start of the global Covid-19 pandemic. Logically, the return on investment would have boosted his war chest, allowing him to be aggressive and bold in his ventures.
Ong also has under his belt companies such as Hextar Industries Bhd (formerly known as SCH Group Bhd), Hextar Technologies Solutions Bhd (formerly known as Complete Logistic Services Bhd), Classic Scenic Bhd, KIP Real Estate Investment Trust (REIT), Pekat Group Bhd, SWS Capital Bhd and Opcom Holdings Bhd. Recently, a series of corporate exercises involving Hextar Industries, Hextar Tech, Classic Scenic and KIP REIT cast the spotlight on him again.
1 month ago
No, numbers of people suspected Eddie Ong as only share manipulator. I am not so sure that is true as his partisan in Binacom seems to be some manipulation in contract.
1 month ago
entered a reasonable price and is included as one of the buy stocks. Preparing for a Portfolio Restructure
1 month ago
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cK1973
testing 29 up.....
if can break 30....
good chance to see uptrend....
stay tune guys...
2024-07-03 15:52