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BINA PURI MEDIA CLIPPINGS
Newspaper
: New Straits Times
Date
: 22nd June 2017 Bina Puri Holdings Bhd
Title
: Bina Puri considering rights issue to reduce gearing (207184-X)
Section : Business Times Page : B2
BINA PURI MEDIA CLIPPINGS
Newspaper
: The Sun
Date
: 22nd June 2017 Bina Puri Holdings Bhd
Title
: Bina Puri mulls right issue to reduce gearing (207184-X)
Section : SunBiz Page : 14
BINA PURI MEDIA CLIPPINGS
Newspaper
: Sin Chew Daily
Date
: 22nd June 2017 Bina Puri Holdings Bhd
Title
: 20% ecpected increase in profit (207184-X)
Section : Business Page : 3
BINA PURI MEDIA CLIPPINGS
Newspaper
: Nanyang Siang Pau
Date
: 22nd June 2017 Bina Puri Holdings Bhd
Title
: Bina Puri mulls raising fund (207184-X)
Section : Business Page : A8
BINA PURI MEDIA CLIPPINGS
Newspaper
: The Edge Markets Online
Date
: 22nd June 2017 Bina Puri Holdings Bhd
Title
: Bina Puri mulls raising fund (207184-X)
Section : Online Page :
http://www.theedgemarkets.com/article/bina-puri-mulls-raising-fund
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FROM THE EDGE (/PRINT-EDITION)
Bina Puri mulls raising fund
This article first appeared in The Edge Financial Daily, on June 22, 2017.
KUALA LUMPUR: Bina Puri Holdings Bhd is considering making a cash call
from investors via a rights issue to reduce its gearing to as low as 1.5 times,
said its group executive director Datuk Matthew Tee.
“We are exploring options, maybe a rights issue, to lower our gearing. The last
capital raising that we did was in 2003,” he told reporters after the
construction and property group’s annual general meeting yesterday.
Currently, Bina Puri’s gearing ratio stands at three times.
With the listing of the group’s Indonesian subsidiary PT Megapower Makmur
Tbk on the Indonesian stock exchange next month, Tee said the group’s
gearing ratio is expected to be reduced slightly.
However, Bina Puri’s cash flow will still be tight due to the capital- intensive
nature of its businesses, he added.
Syahirah Syed Jaafar
(/author/Syahirah Syed Jaafar)
/ The Edge Financial Daily
(/source/The Edge Financial Daily) June 22, 2017 10:16 am MYT
�
Page 1 of 5Bina Puri mulls raising fund | The Edge Markets
22/06/2017http://www.theedgemarkets.com/article/bina-puri-mulls-raising-fund
Megapower Makmur, in which Bina Puri owns a 80% stake, is involved in
micro power generation, where it supplies micro power service to Indonesia’s
state-owned power utility, PT Perusahaan Listrik Negara.
With the listing, Tee hopes to see an increased contribution by the power
segment to the group’s bottomline by 20% per year.
Its power business currently contributes about 1% of Bina Puri’s revenue.
Going forward, Tee said the group will consider further expansion plans for
Megapower Makmur in the near future.
“Seeing that the property market is very unpredictable now, the construction
sector is still the best industry to be in,” Tee said, adding that the construction
business will remain the group’s main revenue driver.
Bina Puri’s current unbilled order book stands at RM1.9 billion, which is
expected to last till 2019. It also has a tender book of close to RM10 billion.
The property division also has various ongoing projects in the Klang Valley,
Johor Baru, Pahang, Sabah and Sarawak, with a combined gross development
value of RM3.1 billion.
Meanwhile, Tee said the opening of the new Bandar Tasik Puteri (BTP)
interchange on its concessionaire highway KL-Kuala Selangor Expressway
will help to improve traffic performance and will serve the 60,000 population
of BTP.
He added the group expects the highway, that was completed in 2011, to be
profitable by 2020.
8 September 2010
#Stocks to watch:* Bina Puri, UMW,
Masterskill, Carotech (article/stocks-watch-
bina-puri-umw-masterskill-carotech)
8 September 2010
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Page 2 of 5Bina Puri mulls raising fund | The Edge Markets
22/06/2017http://www.theedgemarkets.com/article/bina-puri-mulls-raising-fund
BINA PURI MEDIA CLIPPINGS
Newspaper
: New Straits Times
Date
: 21st June 2017 Bina Puri Holdings Bhd
Title
: Bina Puri's listing of Indonesian power subsidiary on track (207184-X)
Section : Online Page :
https://www.nst.com.my/business/2017/06/251066/bina-puris-listing-indonesian-power-subsidiary-track
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Bina Puri's listing of Indonesian power subsidiary on track
Group executive director Datuk Matthew Tee said the company will be tapping more opportunities for growth in the Indonesian power sector.
(photo courtesy from BINA PURI)
Page 1 of 6Bina Puri's listing of Indonesian power subsidiary on track | New Straits Times | Mala...
22/06/2017https://www.nst.com.my/business/2017/06/251066/bina-puris-listing-indonesian-pow...
KUALA LUMPUR: Construction player Bina Puri Holdings Bhd expect bottomline contribution to
increase between 20 per cent to 30 per cent coming from its Indonesian indirect subsidiary PT
Megapower Makmur Tbk this year.
Reiterating that listing exercise of PT Megapower in the Indonesia Stock Exchange (IDX) on 15 July
is on track, group executive director Datuk Matthew Tee said the company will be tapping more
opportunities for growth in the Indonesian power sector.
"Post listing of PT Megapower, we will be looking at other area within the power sector for growth in
Indonesia," he told reporters after the company's AGM here earlier today.
As a micro power generation outfit, PT Megapower operates in the scope of leasing and operating,
including maintenance services of diesel engine generators and mini hydro power plants to generate
electricity for state-owned PT Perusahaan Listrik Negara (PLN).
PT Megapower is an 80% owned subsidiary of Bina Puri Power Sdn Bhd, which in turn is 80%
owned by Bina Puri Holdings.
Currently, Bina Puri is the final stages for the listing and expects the exercise will boost its power
supply division and position Bina Puri Power to have a bigger presence in Indonesia.
For the financial year ended 31 December 2016, Bina Puri posted total revenue of RM1.0 billion, a
slight dip as compared to the RM1.2 billion registered in 2015.
Profit before tax stood at RM26.8 million for the year under review against the RM35.7 million
reported for the previous year.
The company's order book order stands at nearly RM3.1 billion, whilst our total unbuilt projects as at
December 2016 stands at a RM1.9 billion.
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