Bintai Kinden Corporation Berhad:
On-going Contract:
1. S$58mil awarded Feb 2014.
To be completed by 2 April 2017
2. S$67.2mil awarded April 2014.
To be completed by 20 April 2016
3. S$44.65mil awarded August 2014.
To be completed by 9 May 2016
4. S$11.912mil awarded March 2015.
To be completed by 6 Nov 2016
5. S$14.2mil awarded Sept 2015.
To be completed within 9 Oct 2015 to 8 May 2016
6. S$17.28mil awarded Nov 2015.
To be completed by Jan 2017.
7. USD$15.15mil awarded Nov 2015.
To be completed by 31 Aug 2016.
Total contract sum: S$228.39mil (~RM660mil)
New contract secured:
1. RM9.4mil on 19 Jan 2016.
To be completed by May 2017.
2. RM120mil on 20 Jan 2016.
Turnkey Project for Student Accommodation with 25 years concessions.
3. RM32mil (VND167 bil) to be completed by Nov 2017.
Total job secured in January 2016: RM161.4mil !!!
Why Bintai Kinden?
1. Ability to secure contracts.
2. Management guided no more impairment on receivables in the future. What remains in Bintai's recievables are from new jobs secured.
3. Upgraded from sub-contractor to Turnkey contractor - income visibility through student accomodation project in Malacca with 25 years concession.
3. Net cash position.
4. NA per share based on latest QR ~ 59c
Chart:
Price move within the middle bollinger band, strong support at 0.30, MACD above 0.
BINTAI (6998) - BINTAI oh BINTAI
http://ck5354.blogspot.my/2016/01/bintai-oh-bintai.html
BINTAI, BINTAI (6998), 6998, EN6998, KLSE:BINTAI, Investing, KLSE malaysia
