Highlights
KLSE: BGYEAR (7023)       BINA GOODYEAR BHD Main Market : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.00   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 0 Million
NOSH: 51 Million
Avg Volume (4 weeks):0
Average Price Target: 0.54
Price Target Upside/Downside: +0.54

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2014 [#4]  |  29-Aug-2014
Next QR | Est. Ann. Date: 30-Sep-2014  |  27-Nov-2014
T4Q P/E | EY: 0.00  |  0.00%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: -1.84  |  0.00
T4Q NP Margin | ROE: -19.33%  |  0.00%

Headlines



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Business Background

Bina Goodyear Berhad is a Malaysia-based company engaged in construction and building contractors. The Company operates in four business segments: construction, property development, construction machinery and equipment rental, and manufacturers and dealers in electrical and electronic goods. The Company's subsidiaries are Seranta Machinery & Equipment Sdn. Bhd., which is engaged in the rental of construction equipment and machinery; BG Realty Sdn. Bhd., which is engaged in property management and property development; BG Builders Sdn. Bhd., which is engaged in construction works and housing development; TC Electronics Sdn. Bhd., which is a manufacturer and dealer of electrical and electronic goods, and Greater Heights Development Sdn. Bhd., which is engaged in property development.
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JENNY6088 (吉隆坡31日讯)嘉年建筑(BGYEAR,7023,主板建筑股)董事经理巫宪章预料,最快在2014年杪转亏为盈,并脱离PN17公司行列。

巫宪章今天在股东常年大会结束后表示,将于2014年2月份上呈重组计划书给马交所。

“现在的重组计划书已在最后修饰阶段,希望能够在明年2月份上呈,让马交所审核。”

首季亏51.6万

他表示,若一切顺利,嘉年建筑将执行该计划书的内容,包括了融资和竞投新合约,以在2014年杪或2015年初达到连续两季转亏为盈,以及脱离PN17公司行列的目标。

截至2013年9月30日财年首季,嘉年建筑净亏51万6000令吉,较上财年同期净亏9052万7000令吉收窄许多。

手持订单2.5亿

目前,嘉年建筑订单总值为2亿5000万令吉,大部分工程合约位于柔佛。

“惟在马交所通过计划书后,我们才能够筹资进行未来的发展计划,例如竞投更多合约。”

巫宪章指出,现阶段将以重组计划书和手上合约为重,但不排除会开始物色和筹备竞投新合约。
国内市场的建筑领域还很活跃,同行拥有很大的发展计划,当然也包括我们。”

他续称:“未来,我们将把目光放在吉隆坡和柔佛地区上。”

相信是受到这项利好消息激励,嘉年建筑股价大幅攀升,闭市时报16.5仙,起2仙或13.8%,成交量有41万2800股。

多元化至房产业

嘉年建筑也在稍前宣布,以1000万令吉买入柔佛产业发展商Astinas建筑和发展私人有限公司,巫宪章由此披露,未来将多元化业务至房地产发展。

“我们希望通过Astinas建筑和发展,进入产业发展领域。但一切必须待我们转亏为盈和脱离PN17公司行列之后再说。”

去年杪,嘉年建筑因需自行负担一笔总值2960万令吉的工程款额,因而抵触上市条例而被列为PN17公司。
01/01/2014 6:15 PM
volks2 more and more good news r coming..ole ole ole.
02/01/2014 10:21 AM
willc48 BGYear certainly a good buy but has to waiting after share reduction of either 1:3 or 1:4. Heard also each share will reduced by 80% and re-issue with a new one at RM0.28 per share
04/01/2014 10:49 PM
mazli Good counter coming soon up and good conment
05/01/2014 9:16 AM
volks2 0.22 now...got chance
09/01/2014 4:48 PM
Zaini Mohd still very safe to enter... :) TP : 0.40....0.60..
09/01/2014 10:18 PM
tjhldg vol pls
10/01/2014 12:58 AM
volks2 yes..more to come.
10/01/2014 8:50 AM
koyak71 aiyo..sudah naik ka
10/01/2014 9:52 AM
volks2 0.28 now
10/01/2014 9:57 AM
koyak71 aiyo...sudah masuk 0.27 sekalang .24..mampus !!!!!!!!!
10/01/2014 10:08 AM
koyak71 sudah masuk trap daaa
10/01/2014 10:20 AM
volks2 apa sal takut, some of the ppl profit taking mah, it's very common but believe me, more to come.
10/01/2014 10:23 AM
koyak71 ok volks,,thanks .. i will hold it la until .40
10/01/2014 10:28 AM
volks2 ok..let's make $ together, hope can get a big CNY angpow.
10/01/2014 10:57 AM
koyak71 Yeah..
10/01/2014 12:45 PM
JENNY6088 if 0.30 above , i will sell
11/01/2014 8:43 PM
koyak71 Jenny, what price u buy in ?
11/01/2014 9:57 PM
iswara SEEMS YOU ARE NOT CONFIDENT
12/01/2014 10:56 AM
koyak71 Last friday i also worried bgyear price fluctuate. I heard that bgyear already take over other construction company with project in hand. Thats why bgyear confident to uplift from pn17. So far bgyear already reach 30 cents last month..No problem to hit more than 40 cents.
12/01/2014 6:56 PM
volks2 yes...I think b4 CNY can go to 40 cents then we can get a Big ANgpow from bgyear.
13/01/2014 2:39 PM
koyak71 resistance is 0.27 for further upwards..
13/01/2014 3:08 PM
JENNY6088 kikiki , koyak71 , my cost less than 0.16
13/01/2014 4:55 PM
koyak71 Wah..thats good. I buy in last time at 12 cent oledi sold at 24 cent. Last week I buy again at 27 cents now drop to 23 cent. Just wait rebound
13/01/2014 7:03 PM
Zaini Mohd from 0.07 with love...but now my average cost is 0.105/share..
14/01/2014 11:04 AM
koyak71 zaini..what yur TP for this counter ?
14/01/2014 2:48 PM
koyak71 bgyear mati keras aje nih !!!!!!!!!
15/01/2014 11:51 AM
Zaini Mohd not much...just 60 cent..coz..uplift from PN17 by end of this year and good potential for construction sector in 2014..hopefully they can get more project.
15/01/2014 4:58 PM
koyak71 Today very disappointed in morning session, evening really do well last 1.5 hour..is it a sign to move upwards ? Resistance is at 0.265 cents still not reach yet.
16/01/2014 10:47 PM
Fibo EX watch this stock.. hahaha..
20/01/2014 9:14 AM
Fibo EX let's watch this stock.. 35sen resistance.. hahaha
20/01/2014 9:18 AM
Fibo EX uplift from pn17.. hahaha
20/01/2014 9:21 AM
Fibo EX watch closely this counter... hahaha
20/01/2014 9:48 AM
volks2 yes..watch closely, next week should be coming.
20/01/2014 11:02 AM
tjhldg potong stim !
20/01/2014 2:26 PM
tjhldg let sell above .30 ... huat aar
20/01/2014 2:27 PM
JENNY6088 yea , sell above 30 cents
20/01/2014 8:48 PM
Fibo EX again.. watch this counter closely.. hahaha
21/01/2014 9:24 AM
volks2 profit taking???
27/01/2014 10:20 AM
catl @Mohd Zaini - what do you smell ? Can you elaborate? This counter has suddenly been lull with low volume. Hope it picks up
02/03/2014 2:58 PM
volks2 something is slowly brewing
07/03/2014 9:23 AM
01/04/2014 6:04 PM
Chin Hin Eric Chia KUALA LUMPUR: Financially distressed Bina Goodyear Bhd is hopeful of returning to the black this year or by early 2015, once it receives Bursa Malaysia’s green light to carry out its revamp plan.

Having slipped into Practice Note (PN) 17 category in November 2012, the company is in the finalisation stage of its restructuring plan, which it intends to submit to Bursa by early February.

The construction and building contractor will need to report two consecutive quarters of profit before it is able to exit its PN17 status.

The restructuring plan includes its acquisition of Astinas Construction & Development Sdn Bhd’s (ACD) construction business for RM10mil, which would enable it to rebuild its construction business and immediately enhance its revenue and profits.

The acquisition furnishes it with a construction orderbook of RM250mil, predominantly for projects in Johor.

“The agreement has been signed, and we are now doing the due diligence,” managing director Moo Hean Chong told reporters after the company AGM.

Meanwhile, executive director Eng Kim Leng said the company would begin to bid for more projects once it was in good financial position and had recapitalised.

Shares in the company rose to as high as 18 sen yesterday, ending the day at 16.5 sen, with 412,800 shares being done.

Bina Goodyear has been involved in “fairly prestigious” projects, including the Palace of Justice in Putrajaya, Masjid Sultan Salahuddin in Shah Alam, and several buildings in KL Sentral and Mont’ Kiara.

“We are quite established and have a very good track record … there are so many projects out there, but very few parties are able to deliver them,” said Eng.

Its focus is currently predominantly on construction projects in the Klang Valley and Johor, via ACD. However, it does not rule out bidding for profitable projects in the future within the country.

Eng added that the orderbook of RM250mil would be able to last it for two years. “I think for public-listed companies of good standing, we’d normally go for a minimum of a few hundred million. Anything less than an orderbook of about RM300mil is too small,” he said.

Bina Goodyear will fund the acquisition of ACD via a rights issue and private placement, which is part of the restructuring plan.

It has proposed a rights issue of up to 254.4 million new shares on the basis of 50 rights shares for every Bina Goodyear share held.

It will also undertake a private placement of 50 million shares to investors who have yet to be identified, at an issue price of 10 sen per share.

Additionally, it is acquiring 28% of property developer Ontime Privilege Sdn Bhd for RM9.63mil via the issuance of 96.3 million new Bina Goodyear shares.

Although this provides the company with the opportunity to venture into property development, Moo said the focus would remain on construction.

The restructuring plan also entails a capital restructuring exercise, offer for subscription, and scheme of arrangement.

According to its previous filing with Bursa, Bina Goodyear aims to raise RM35.27mil from the rights issue and private placement, which will be primarily used as working capital, and the scheme of arrangement, acquisition of construction projects, and expenses relating to the restructuring scheme.
01/04/2014 6:16 PM
PN17player pending regulation plan with deadline in May
22/04/2014 3:52 PM
eu7985 Another hexagon, will be suspended soon
15/05/2014 9:56 PM
WRen dead...
29/05/2014 5:50 PM
kimssiat 0.05 cent today.
06/08/2014 11:47 PM
cariayam betoi2 koyakkkkkkkkkkk
07/08/2014 12:01 AM
kimssiat 0.06
08/08/2014 5:03 PM
plasticdude89 gone case? sigh..
14/08/2014 12:37 PM


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