TOP 8 REASONS FOR BUYING BINA PURI (Stock Quote 5930) Price 42 cts. TARGET RM1.20

These Are The Top 8 Reasons For Buying BINA PURI

 

A DEFENSIVE STOCK

  1. Price is 42 cts with NTA of 93 cts Bpuri is selling at a 55% Discount to NTA. It has a Big Margin of Safety.

2. DIRECTORS’ EXERCISED 3.2 MILLION ESOS AT 50 CENTS

Instead of Buying From Open Market at 42 Cents Directors Chose To Exercise ESOS At 19% Premium to Open Market Price.

Why? Only reason is.  BPuri shares are thinly traded. On some slow days only 30,000 shares are traded. So Directors SEEING VALUE have loaded Up on BPuri.

3. PRIVATE PLACEMENT OF 21 MILLION SHARES ALSO AT 50 CTS.

BPuri also placed out 21 million Shares at a premium price of 50 cts (19% higher than open market trading price)

Why are Directors & Those Who Accepted Private Placements at higher than market prices willing to do so? Because they want to Load Up A Lot Due To Coming Good Prospects.

4. Rm2 BILLIONS PROJECT AWARDED IN YEAR 2015

Management has stated that all the progress profits from Year 2015 Projects will be Reported by 31st December 2016. So Next Few Quarterly Results Will Be Good.

 

5. MORE PROJECTS AWARDED IN YEAR 2016

Rm80 Millions for Flat Building in Sabah

Rm1.35 Billions for Pan Borneo Highway

Rm73 Millions Project from RAPID of Petronas

Rm230 Millions For Prima Homes in Johor

Total Project Awards Reaching Rm3 Billions. This is comparable to Larger Listed  Construction Co.

 

6. BULLISH ON SECURING MORE 2017 PROJECTS

According to Director Matthew Tee expects Bina Puri to secure even more Infrar related projects for Year 2017.

“Bina Puri Holdings Bhd executive director Matthew Tee Kai Woon is of the view that Budget 2017 will be positive for construction firms, with more contracts to be awarded in the final quarter of this year.

“The immediate one will be MRT2 and LRT3, followed by the Sabah section of Pan Borneo Highway next year,” he commented.

Tee also advised investors to start looking at construction stocks, because they are the prime beneficiaries of mega infrastructure projects.

“It should be a good year for us. If the oil price rebounds, there will be a lot of oil and gas projects that require general works from us,” he further said.

 

7. GOVT, STATES & PETRONAS LINKED JOBS ENSURE SAFETY OF PAYMENT

Almost all the jobs are Govt related. This ensures safe payment of completed work progress. And for projects awarded in Year 2015 the progressive income from projects will increase more and more by End 2016 Results.

 

8. BINA PURI – A Construction Laggard That Is Going To Perform soon.

GKent & Gadang (both Govt crony cos.) have run up in price. Since BPuri is also Govt linked it will also move up as General Election is coming soon.

 

Calvin recommends buying BPuri at 42 cts With A Target Price of Rm1.20

Please avoid punting or day trading. Buy and keep longer term is the best course of action.

 

Warmest Regards,

 

Calvin Tan

www.eaglevisioninvest.com

 

BINA PURI – THE STARTLING REVELATION (While Price Goes Down INSIDERS LOADING UP!) Calvin Tan

Dear Fellow Successful Investors of i3 Forum,

I am happy for all fortunate friends who visit here.

Before I continue let me tell the story again

 I have been reading Sun Tze’s Art of War. One particular point is “All warfare involves deception”.

That’s how the Japanese during 2nd World War tricked the Mighty British Army in Singapore. The British thought Singapore was impregnable because of its Huge Guns at Fort Siloso, Sentosa Island – pointing at the Pacific Ocean. No Japanese ship appeared at all. The Japanese Army only 36.000 soldiers defeated the British with 135,000 soldiers.

Japanese Bicycle army came by way of Kota Bahru through Estate Roads – avoiding the major trunk roads which were filled with pill boxes with manned machine guns for protection.

How did these Jap soldiers know. Well, before 2 WW started there were 6,000 Japanese in Malaya & Singapore working as barbers, 10 cent provision store, photographer & other jobs scattered throughout Malaya. They were actually spies. Secretly they took vital photos, drew up road maps, located all the military installations, defense posts and Heavy Guns of the British.

At the outbreak of the 2 WW these “spies” returned to Malaya as “soldiers” and being very familiar with Malaya geography led the invasion.

Now in just weeks Malaya fell & they assembled at Johor.

There were 36,000 Japanese soldiers versus 135,000 British & Australian soldiers in Singapore.
General Percival directed his army to defend the Western Side of Spore with the highest fortification & soldiers. He left the Eastern part of Spore near Kranji to the Australian & local poorly trained soldiers – only a miserable 3,000 to defend it.

Seeing the Heavy Fortification of Changi Beach the Jap really planned their deception well in their Conquest of Spore.

They got together hundreds of lorries at night. Turned on the head lights & drove them from the Western part of Johor to the Eastern Part of Johor. Then they “switched off” the headlights & drove quietly in the darkness of the night back to the Western part of Johor – turned on the head lights again & drove towards the Eastern part of Spore & repeated this process many, many times throughout the entire – CREATING THE ILLUSION THAT JAPANESE SOLDIERS ARE MOVING MASSIVELY FOR A HEAD ON ATTACK IN CHANGI!

This deception worked very well according to plan. Gen Percival & his entire army swallowed the bait & sent more artillery & men to the North Eastern Shore of Spore – preparing for the “invasion”.

Then the tens of thousands of Jap soldiers crossed into Kranji. The 3,000 poorly equipped soldiers were caught & surprised & overwhelmed in retreat. When The British found out the truth it was too late!!

After that the Mighty British with 135,000 soldiers surrendered to the Jap with only 36,000 soldiers. It was a battle of brain over brawn. (Actually 50,000 British & Australian soldiers were captured in Malaya & 85,000 others surrendered in Singapore)

So what is the moral of the story for BPuri?

DON’T LOOK AT THE OBVIOUS LIKE GEN PERCIVAL WHO MADE THE FATAL MISTAKE!!

Let me tell you what My Johor Sifu did with Pitaras Jaya. He saw Insiders exercising PTaras Jaya ESOS shares at Rm1.90. But Ptaras Jaya shares weakened to a low of Rm1.40 already down 27%? So? Does price weakness shows Insiders were wrong?
PTaras was in piling. And it has to be paid first or else if there is payment default Ptaras can sue. And the project will be halted. So there is a defensive mode for PTaras Jaya. And Ptaras Jaya Shot up to Rm7.00 & split (Up 500%).
I noticed one counter which I gave my Johor Sifu – YEE LEE. YEE LEE Share price dropped year after year its high of Rm2.62 in year 2000 to its low at only Rm1.00 in year 2005.
These are the prices of YEE LEE (From STOCK PERFORMANCE GUIDE By Dynaquest.  March 2009 Edition)
YEE LEE PRICES
YEAR………..YEAR LOW………….YEAR HIGH
2000……………1.62………………………2.62
2001……………1.36……………………….1.87
2002…………….1.27………………………2.03
2003…………….1.12……………………….1.70
2004……………..1.16………………………1.60
2005……………..1.00……………………….1.25
As you can SEE from the price chart Year 2000 low was Rm1.62 & by Year 2005 Price has crashed to only Rm1.00.
Anyone who bought YEE LEE in Year 2000 would have suffered losses & given up hope for good. And every anaylst & remisier, stock broker or trader who have wrung their hands and given up on YEE LEE in total despair.
But Lo & Behold!
Calvin spotted INSIDERS & TOP BOSSES LOADING UP ON YEE LEE more & more all the way from Rm2.00 to Rm1.00.
The lower YEE LEE dropped – the more they Loaded Up!!
So I told my Johor Sifu to check up on YEE LEE. And I was glad for him. He bought into YEE LEE. He also told his son to buy YEE LEE. And YEE LEE subsequently SHOT UP IN PRICE. Gave Bonus Issue & Split!  After Split & Bonus Issue our cost is only 35 sen today.
As of now YEE LEE closed at Rm2.26. If you add the yearly dividend & reinvested them YEE YEE would be almost Rm2.80. So divide Rm2.80 by 35 cts =  800%. Wow! That’s an 800% gain on YEE LEE. Where are you MG9231 the Great Johor Sifu? Better belanjar me to abalone and shark fin if you are reading this!
So there are 2 Things On The Surface
1) YEE LEE Share Prices Crashed from a High of Rm2.62 to a low of Rm1.00 in year 2005
2) Everyone who bought into YEE LEE from Years 2000 to 2004 have suffered losses for 4 long years. And no remisier, stock broker or trader will touch YEE LEE shares.
The Surprising Thing Is This:
In the absence of good news INSIDERS were Loading Up YEE LEE shares!!
I think you lucky guys are now looking at another potential YEE LEE. The Next Super Stock is none other that
BINA PURI!!
Why is it so?
If you look at the Prices of Bina Puri you will find that they are really  deplorable
These are the Year Low & Year High Prices of BINA PURI (From SPG – Dynaquest. Sept 2015 Edition)
Year……….Year Low……….Year High
2010……….0.74………………..1.54
2011……….0.85………………..1.65
2012……….0.80………………..1.05
2013……….0.57………………..0.88
2014……….0.50………………..0.80
2015……….0.33………………..0.65
2016……….0.36………………..???
From these Price Ranges you can SEE:
BPuri’s highest for Year 2010 was Rm1.54 & lowest was in Year 2015 at only 33 cents. So many who bought from Year 2010 to 2014 are still suffering huge losses. So all analysts, remisiers, stock brokers, day traders have Given Up All Hope in Bina Puri & wrung their hands in despair in total capitulation.
The Surprising Thing Is This!
While the Appearance of BPuri looks so deplorable and unpromising as attested by these fellow i3 forumers’ comments taken from
BPuri forum tread:
See what they say:

 Posted by valueinvestor > Feb 28, 2015 03:50 PM Report Abuse 

OMG. What kind of company is this?
Profit after tax = RM 41 mil, BUT
Profit attributable to shareholders = RM 1 mil only.
Is the company mostly working for the Non-Controlling Interests only?
Best to quickly sell and forget about this kind of company altogether!

Posted by Jolin Lai Chi Pet > Mar 12, 2015 05:56 PM Report Abuse 

this company run by a group of conman! better run………………….huge order book but profit so little. Always said cost over run!

Posted by fatty_tang > Mar 28, 2015 04:57 PM Report Abuse 

this company sucks. the interest rates of their loans are so damn high (about 8%). with bank borrowings amounted to more than $500 million, $40 million is needed to service the loan annually, explaining why their margin is so damn thin. can’t make money no matter how many projects they secure.

 

Posted by wooBo > May 12, 2016 12:18 PM Report Abuse 

masuk longgang

 

Posted by wooBo > May 16, 2016 10:48 AM Report Abuse 

semua sudah kena BULI la…

 

Posted by tnang > Jul 26, 2016 12:27 PM Report Abuse 

sell lah, I sell all

 

Posted by DaitoRyu > Jul 26, 2016 12:50 PM Report Abuse 

PBH is good for revenue, contribution to profits is minimal!

Posted by tnang > Jul 26, 2016 02:35 PM Report Abuse 

yup, a lot of work, but no profit!!!

 

Posted by foosf > Aug 31, 2016 02:45 PM Report Abuse 

knock knock knock…. anybody home… why no move liao….

 

Posted by georgecostanza > Sep 7, 2016 04:33 PM Report Abuse 

Post deleted!

 

Posted by beso > Sep 20, 2016 10:00 AM Report Abuse 

far far over value
sell

 

Posted by mamatede > Sep 27, 2016 03:49 PM Report Abuse 

Very high PE !

 

 Posted by makubex718 > Sep 30, 2016 03:36 PM Report Abuse 

yaloh die liao


imlearning
107 posts
 Posted by imlearning > Sep 30, 2016 11:53 PM Report Abuse 

die gao gao …

 Posted by ahjib88 > Oct 2, 2016 06:13 PM Report Abuse 

Bpuri= Busuk Puri, company always steal money from small shareholder, ended up margin less than FD rate, waste time.

Posted by Ikaztahkik > Oct 2, 2016 09:13 PM Report Abuse 

sell

 

Calvin comments:

As you have read from the above posts – almost 90% of the people are very pessimistic on BPuri and call for a sell down on BPuri.

So how to buy leh? Not when you SEE WHAT INSIDERS ARE DOING!!

Now Go SEE the 2015 Annual Report & Scroll to Top 30 Share Holders!

 

THIRTY LARGEST SHAREHOLDERS
No. of Shares % of Shares
1. RHB Nominees (Tempatan) Sdn. Bhd. 15,342,778 6.59  for Tan Sri Datuk Tee Hock Seng, JP………..6.59%
2. Ng Keong Wee ………………………14,093,600……………………………………………………………………………. 6.05
3. Jentera Jati Sdn. Bhd…………… 10,388,000……………………………………………………………………………… 4.46
4. Kittipat Songcharoen…………….. 10,000,000…………………………………………………………………………….. 4.29
5  Jentera Jati Sdn Bhd (KLC)……. 10,000,000 4.29
6. MSX Ventures Sdn. Bhd……………. 8,467,600 …………………………………………………………………………..3.64
7. Datin Lee Kuan Chen……………….. 8,000,000…………………………………………………………………………… 3.44
8. Datuk Henry Tee Hock Hin…………. 5,594,668………………………………………………………………………….. 2.40
9. Dato Mohamad Feisal …………………5,238,000…………………………………………………………………………. 2.25
10. Dr Tan Cheng Kiat………………….. 5,000,000…………………………………………………………………………… 2.15
11. Chan Fong Yun………………………. 5,000,000…………………………………………………………………………… 2.15
12. Dr. Tan Cheng Kiat …………………..4,368,902…………………………………………………………………………… 1.88
13.  San Tuan Sam ………………………. 3,638,800…………………………………………………………………………… 1.56
14. Cheo Chet Lan @ Chow Sak Nam, KNM………. 3,126,884………………………………………………………… 1.34
15. Maju Offshore Sdn. Bhd……………………………… 3,046,000………………………………………………………… 1.31
16. Taraf Cendana Sdn. Bhd…………………………….. 3,000,000………………………………………………………… 1.29
17. Goh Kui Lian…………………………………………….. 2,860,000…………………………………………………………. 1.23
18. Matthew Tee Kai Woon………………………………. 2,818,925…………………………………………………………. 1.21
19. Lim Seng Chee ………………………………………….2,425,500 ………………………………………………………….1.04
20. Tay Hock Lee……………………………………………. 1,807,707………………………………………………………….. 0.78
21. Tan Sri Datuk Tee Hock Seng, JP………………… 1,430,000………………………………………………………….. 0.61
22. Foong Ai Lin……………………………………………… 1,426,000…………………………………………………………. 0.61
23. Siow Wng Yen @ Siow Kwang Hwa………………1,320,000…………………………………………………………. 0.57
 24. Tee Hock Loo…………………………………………… 1,215,207…………………………………………………………. 0.52
25. Dato’ Razali Bin Daud, JP…………………………… 1,123,000…………………………………………………………. 0.48
26.  Ng Cheng Lean………………………………………… 1,038,000…………………………………………………………. 0.45
27.  Teo Geok Kiam (MY1156)………………………….. 1,000,000…………………………………………………………. 0.43
28. Lye Wee Ken…………………………………………….. 1,000,000…………………………………………………………. 0.43
29. Tay Hock Soon (MY1055)……………………………. 898,900…………………………………………………………… 0.39
30. Yeong Ah Sung………………………………………….. 880,600                                                                      0.38
                                                             Total………… 135,549,071…………………………………………………….. 58.22
1. Tan Sri Datuk Tee Hock Seng is no. 1 & no. 21 top holders with a total of 7.2% shares of BPuri
Latest filing shows:

Total no of securities after change

Direct (units) 18,489,778
Direct (%) 7.64
Indirect (units) 4,863,925
Indirect (%) 2.01
Total (units) 23,353,703
Total (%) 9.65
Date of Notice 14-Jul-2016
He has increased his holdings to 9.65%
2.  Matthew Tee Kai Woon has only 1.21% according to Annual Report 2015. This Year he is Whacking Up BPuri shares!
Name MR MATTHEW TEE KAI WOON
Descriptions(Class & nominal value) Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted ($$)
Others
14/07/2016
1,560,000
0.500

 

Circumstances by reason of which change has occurred
ESOS
Nature of interest
Direct
Consideration (if any)
RM780,000

 

Total no of securities after change

Direct (units) 4,463,925
Direct (%) 1.844
Indirect/deemed interest (units) 18,889,778
Indirect/deemed interest (%) 7.803
Date of notice 14/07/2016
His share holdings JUMPED from a mere 1.21% to 9.65%
3. Dr Tan Cheng Kiat is no 12 with 1.88%
See how much he added

Particulars of Director

Name DR TAN CHENG KIAT
Descriptions(Class & nominal value) Ordinary shares of RM0.50 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction
Date of change
No of securities
Price Transacted (RM)
Others
11/07/2016
300,000
0.540
Circumstances by reason of which change has occurred
ESOS
Nature of interest
Direct
Consideration (if any)
RM162,000.00

Total no of securities after change

Direct (units) 9,668,902
Direct (%) 4.048
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice 11/07/2016

His share holdings Jumped from 1.88% to a new high of 4.048%!!

 

So these are the clear evidences of INSIDERS Buying in the absence of good news (only bad news after bad  news)

And who are these 3 Very Active Directors who bought and bought as if there is no tomorrow?

 

In the Annual Report:

l Report 2015 Tan Sri Datuk Tee Hock Seng, JP, Malaysian, aged 67, was appointed to the Board on 5 November 1990 and was subsequently appointed as the Group Managing Director on 22 November 1994.

He is an experienced entrepreneur with more than 40 years business acumen in trading, construction and development. He is responsible for the day-to-day operations of the Group. Currently, he is an Exco member of Malaysia South-South Association and Perdana Leadership Foundation. He is a Director of Malaysian South-South Corporation Bhd. and Malaysian Industry-Government Group for High Technology (MiGHT). He also serves as the Honorary President of The Federation of Hokkien Associations of Malaysia, Honorary Chairman of the Malaysia Quarries Association, Honorary Chairman of The International Fellowship of Eng Choon Associates, President of the Kuala Lumpur Eng Choon Hoey Kuan, Chairman of the Chinese Maternity Hospital (CMH) and Deputy President of Tung Shin Hospital and Chairman, Board of Governors of SMJK Confucian. He is also the Honorary Chairman of the Young Malaysians Movement and The Federation of Malaysian Clans & Guilds Association as well as an elder of Elim Chapel. He was appointed a member of the Senate (Ahli Dewan Negara), Parliament of Malaysia on 15 July 2008 for a duration of three years and had served as Treasurer-General of Malaysian Chinese Association (MCA) from 2008 to 2010. A respected individual in the construction industry, he was accorded the “Most Prominent Player” by the Construction Industry Development Board in 2005, being one of the highest individual award recognised by the industry. As at 31 March 2016, he held 16,799,778 ordinary shares of the Company and did not have any securities holdings in any of its subsidiaries. Except for recurrent related party transactions of a revenue or trading nature which are necessary for day-to-day operations of the Company and its subsidiaries and for which he is deemed to be interested as disclosed on page 189 of the Annual Report, there are no other business arrangements with the Company in which he has personal interests. He is also the Chairman of the Group Executive Committee and a member of the Remuneration Committee.

 

 

Dr Tony Tan Cheng Kiat, Malaysian, aged 68, founded Bina Puri Sdn. Bhd. in 1975 and has been the Executive Chairman since its inception. He was appointed to the Board of the Company on 5 November 1990. He is responsible for the growth and ongoing development of the Company’s business. He was instrumental in the development of a number of major projects throughout Malaysia for the Group. He holds a doctorate in Business Administration and is also a licensed builder. He has been successful as a private property developer in Australia. With his wide experience, he has brought much progress to the Group. As at 31 March 2016, he held 9,368,902 ordinary shares of the Company and did not have any securities holdings in any of its subsidiaries. Except for recurrent related party transactions of a revenue or trading nature which are necessary for day-to-day operations of the Company and its subsidiaries and for which he is deemed to be interested as disclosed on page 189 of the Annual Report, there are no other business arrangements with the Company in which he has personal interests. Dr Tony Tan is a member of the Group Executive Committee.

DR TONY TAN CHENG KIAT Founder Director

 

Matthew Tee Kai Woon, Malaysian, aged 41, joined the Company in December 2003 as Special Assistant to the Group Managing Director. He was appointed as Executive Director on 1 December 2009 and was redesignated as Group Executive Director on 7 March 2013. He is a Chartered Accountant and has been admitted as a member of the Malaysian Institute of Accountants (MIA). He is also a Certified Financial Planner and a member of the Certified Practising Accountant, Australia. He is currently the President of the Master Builders Association Malaysia (term 2012-2014 and 2014-2016). He has been a Board member of Construction Industry Development Board Malaysia (CIDB Malaysia) since 2013 as well as Construction Labour Exchange Centre Berhad (CLAB) since 2012. He is also the Treasurer of the Malaysian Steel Structural Association (MSSA). Previously, he was the Administrator of the Chinese Maternity Hospital from 2001 to 2003 and was once attached to PricewaterhouseCoopers in the audit department. He holds directorships in several other companies. He was recently appointed a member of the National Science Council (term 2016/2017) by the Prime Minister of Malaysia. As at 31 March 2016, he held 2,818,925 ordinary shares of the Company and did not have any securities holdings in any of its subsidiaries. He is a member of the Group Executive Committee.

MATTHEW TEE KAI WOON Group Executive Director

 

 

So We Have These 3 Top Guns of BPuri Buying Up BPuri Shares 

GROUP MANAGING DIRECTOR – Datuk Tee Hock Seng

FOUNDER DIRECTOR -Dr. Tony Tan Cheng Kiat

GROUP EXECUTIVE DIRECTOR – Matthew Tee Kai Woon

 

If BPuri is a JUMBO JET Then We Have The Pilot & 2 Assistant Pilots here!

If BPuri is an Army – Then We Have The 5 Star General and both his left and right hand men here!

 

What do they SEE ahead that we don’t? Will BPuri going to give Bonus Issues with Free Warrants? Or some Entity going to take BPuri private at a higher price like Super, Kulim or TMakmur? Or are they going to declare some surprising good earnings with special dividend thrown in?

Only time will tell.

 

But Their Substantial Buying Tell Us A Lot of The Coming Bright Future of BPuri.

As of now the Top 30 Substatial shareholders are holding almost 80% paid up shares of BPuri. In Annual Report of 2015 you see only a total of 58%. Now with INSIDERS GOBBLING UP ALL CHEAP UNDERVALUE BPURI SHARES PLUS 10% PRIVATE PLACEMENT SHARES There is Very Little Freefloat of BPuri Shares left in the open market.

And WHO WERE THE BUYERS of 21 MILLION BPURI PRIVATE PLACEMENT SHARES AT 50 CENTS!

 

That’s a Rm21 MILLION RINGGIT QUESTION?

 

Good night everybody,

 

Yours to a Successful Multi Baggars Investments,

 

Warmest regards,

 

Calvin Tan

Jurong West, Singapore