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Second consecutive profitable quarter post-regularisation. 9M cumulative PAT RM4.19m vs prior year loss of RM0.63m. Active tender book RM577.81m provides forward visibility.
BINTAI accepted RM44.65m TNB letter of award for transmission main intake maintenance (PMU 275/132KV) in Bukit Tengah, Penang. This is the GROUP'S FIRST TNB contract post-PN17 exit. TNB only engages reliable M&E contractors, so this contract is essentially TNB endorsement of BINTAI's recovered creditworthiness and execution capability
boss kept buying from open market. another two weeks b4 the deadline for uni melaka settlement. this is the outstanding debts thay caused Bintai to fall into PN17 status.
by end this month should have news on this new charge rate and debts. if still no news that would mean Uni Melaka is going to settle all the outstanding debts in June and may terminate the concession with compensation. alternatively they may come out with another debts settlement plan for the next 12-18 months just like back in 2024.