COMMENTS ON BINTAI KINDEN CORPORATION BERHAD (6998)

BINTAI KINDEN CORPORATION BERHAD LAST 5 YEARS SHARE PRICE TREND

**analysis based on 2018 annual report.

1.       GENERAL INTRO: This counter core business is in mechanical and electrical (M&E) services.

2.       NOTABLE POINTS:

a.       Existing M&E projects include electrical works and maintenance for Klang Valley Mass Rapid Transit Phase 1 Depot, Logistic Hub and TNB substations.

3.       IS THIS COUNTER A STRONG GROWTH STOCK? 

a.       REVENUE RANGE (million): ~ 219 million in 2018 annual report, this is a low revenue company.

b.      SHARE PRICE: share price is on decreasing trend in last few years, decreasing from around RM0.30 to RM0.13 now.

c.       EARNING PER SHARE (EPS): EPS is last 10 quarters range from -4.81 to 2.53 sen per share

d.      FUTURE POTENTIAL: earnings expect to remain steady due to substantial on-going projects in the pipeline

e.      CAPITAL EXPENDITURE (CAPEX): spending on purchase of new fixed assets is quite low, 3.4 million, around 1% of total assets, appear company has no large scale expansion plan.

4.       IS THIS A STRONG DIVIDEND STOCK?     

a.       DIVIDEND YIELD: in 2018 report, no dividend declared for the financial year

b.      CONSISTENCY: no dividend paid to shareholders in last 10 quarters

5.       OTHER INDICATORS:

a.       CASH FLOW: cash flow is negative, around -0.8 million

b.      SUPPORT BY INSTITUTIONAL INVESTORS: there is no presence of institutional investors at top 30 major shareholders list.

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