BINTULU PORT HOLDINGS BHD
KLSE (MYR): BIPORT (5032)
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Last Price
5.15
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Overview
Market Cap
2,369 Million
NOSH
460 Million
Avg Volume (4 weeks)
33,952
4 Weeks Range
5.09 - 5.22
4 Weeks Price Volatility (%)
98.66%
52 Weeks Range
4.77 - 5.35
52 Weeks Price Volatility (%)
96.26%
Previous Close
5.15
Open
0.00
Bid
5.06 x 2,000
Ask
5.21 x 1,300
Day's Range
0.00 - 0.00
Trading Volume
0
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2023 [#3] | 24-Nov-2023
Next QR | Est. Ann. Date
31-Dec-2023 | 28-Feb-2024
T4Q P/E | EY
20.70 | 4.83%
T4Q DY | Payout %
2.33% | 48.24%
T4Q NAPS | P/NAPS
3.90 | 1.32
T4Q NP Margin | ROE
15.23% | 6.38%
Market Buzz
2023-11-27
2023-11-27
2023-11-27
News and Blogs
Company Profile
Sector: TRANSPORTATION & LOGISTICS
Sector: TRANSPORTATION & LOGISTICS
Subsector: TRANSPORTATION & LOGISTICS SERVICES
Subsector: TRANSPORTATION & LOGISTICS SERVICES
Description:
Bintulu Port Sdn. Bhd. provides port services at Bintulu Port. It operates in two segments: Port operations and Bulking services. Port segment includes construction of port facilities, handling of cargo for LNG, petroleum products, general cargo, container and other ancillary services , whereas Bulking services provides bulking installation facilities for palm oil, edible oils and its by-products. Business activity of the group is functioned through Malaysia.
Discussions
1 person likes this. Showing 50 of 88 comments
considering without further pandemic complication, logistic should be bullish onward
2021-12-08 09:16
Bintulu port is a stable and profitable stock to ride out the volatility. Check out other stocks here: https://www.smallcapasia.com/7-stable-malaysia-stocks-for-nov-2022/
2022-11-02 11:39
Renewal of Bintulu Port’s concession underway. The concession will expire on 31 Dec 2022, with the option to extend for another 30 years to 2052. The extension has been approved in principle, and BiPort as well as Bintulu Port Authority are in the midst of finalising the terms and conditions for the new concession agreement. An interim agreement was signed for 6 months from 1 Jan 2023. We expect the terms to be finalised by the expiry of this interim agreement.
We believe that would be a hike in tariffs upon the renewal of the concession. Bintulu Port’s average terminal handling charges are significantly lower than Samalaju Industrial Port (Exhibit 7). Likewise, Bintulu Port’s terminal handling charges for its containers are also lower than peers (Exhibit 8). Recall that Bintulu Port’s general cargo tariffs were last revised 39 years ago in 1983 while container tariffs were raised 23 years ago in 1999.
2022-12-29 14:49
At this price RM 4.80, definitely worth to buy it.
Waiting to plumpet and top up another half
2023-01-07 08:52
A13. Significant Events
The 30-years concession period of Bintulu Port Sdn. Bhd. (BPSB) under the Privatisation Agreement ended on 31st December 2022. The Government through Unit Kerjasama Awam Swasta (UKAS) vide letter dated 8 October 2014 had in principle approved the extension of concession for BPSB to operate Bintulu Port for another 30 years (2023 – 2052) subject to terms and conditions to be agreed upon by the parties.
On 24 November 2022, an Interim Agreement was signed between Government of Malaysia, Bintulu Port Authority and BPSB which allows BPSB to continue the operation, management, maintenance and provision of operational facilities and services of the port undertakings within the Demised Property at Bintulu Port on an interim basis and upon the same terms and conditions of the Privatisation Agreement for a period of six (6) months or until the terms and conditions of the new concession is concluded.
The parties are still in the midst of negotiating the terms and conditions of the new concession agreement.
There were no material events subsequent to the end of the reporting period that have not been reflected in the financial statements.
2023-02-28 15:34
We like BIPORT for: (i) its steady income stream from handling LNG cargoes for Malaysia LNG Sdn Bhd (that typically makes up close to 50% of its total profit), (ii) it could potentially enjoy a step-up in earnings if Bintulu Port is granted a significant hike in its port tariffs, and (iii) the tremendous growth potential of Samalaju Industrial Port backed by rising investment in heavy industries in Samalaju Industrial Park. Maintain OUTPERFORM.
Risks to our call include: (i) inability of Bintulu Port to secure an adequate port tariff hike to offset escalating operating cost, and (ii) a global recession hurting heavy industries in Samalaju Industrial Park.
Source: Kenanga Research - 1 Mar 2023
2023-03-01 13:43
Bintulu Port concession expired on 31 Dec 2022 with the option to extend for another 30 years until 2052. The extension has been approved in principle, and BiPort and Bintulu Port Authority are in the midst of finalising the terms and conditions for the new concession agreement.
An interim agreement was signed on 24 Nov 2022 for 6 months from 1 Jan 2023 onwards. We expect the terms to be finalised – with a potential tariff revision – by 30 Jun 2023.
Looking ahead, we have pencilled in a 4% growth in FY23F throughput volume. We are optimistic on BiPort’s outlook due to (i) the strong and resilient demand for LNG as Europe aims to reduce its dependency on Russian gas; (ii) the growth potential of Samalaju Industrial Port, underpinned by the Sarawak Corridor of Renewable Energy; and (iii) stable earnings and dividend yields.
Key risks are (i) macroeconomic and geopolitical uncertainties affecting LNG demand; and (ii) port congestions which may depress throughput volume.
The stock currently trades at an attractive FY23F PE of 17.9x, below its 5-year peak of over 20x.
Source: AmInvest Research - 1 Mar 2023
2023-03-01 13:44
Going forward, Mohammad Medan said from a business outlook perspective BPHB is excited about the prospects offered by three memoranda of understanding (MoUs) its units signed with different companies last year.
One of the MoUs inked was between BPSB with Sarawak Shell Bhd and PTT Exploration and Production Public Co Ltd to collaborate on the storage and handling of sulphur at Bintulu Port.
A second tripartite MoU between Bintulu Port Authority, BPSB and Sarawak Petchem Sdn Bhd is for the establishment and operation of a methanol jetty, which will help Bintulu Port to diversify its liquid cargo business from 2024 onwards.
A third MoU was between Samalaju Industrial Port Sdn Bhd (SIPSB) and ZR Industrial Group Sdn Bhd, which is currently developing an integrated steel plant in Samalaju Industrial Park.
SIPSB operates the Samalaju Industrial Port, which was designed and built to handle the incoming and outgoing cargo for the Samalaju Industrial Park, which caters mainly to energy intensive industries like aluminium smelters and ferroalloys.
According to Mohammad Medan, SIPSB recorded a more than 10-fold increase in containers throughput to nearly 8,000 twenty-foot equivalent units (TEUs) in 2022 from 724 TEUs in 2021).
BPSB, on the other hand, recorded container throughput of 364,169 TEUs in 2022 against 355,700 TEUs in 2021.
2023-04-11 08:36
https://www.klsescreener.com/v2/news/view/1140281
This is reason why it drops RM 0.15
2023-04-19 19:14
Bintulu Port itself has been regularly paying healthy dividends and is sitting on a cash pile of RM735 million as well as RM380 million in short-term securities that can be easily liquidated. Effectively, almost half of Bintulu Port’s market capitalisation of RM2.3 billion is represented by the cash and short-term securities that the company holds.
Clearly, its share price is underperforming. Why is that the case?
2023-04-20 10:03
Our sector top picks are:
BIPORT for: (i) the steady income stream from handling LNG cargoes for Malaysia LNG Sdn Bhd (that typically makes up close to 50% of its earnings), (ii) a potential step-up in earnings if Bintulu Port is granted a significant hike in its port tariffs, and (iii) the tremendous growth potential of Samalaju Industrial Port backed by rising investment in heavy industries in Samalaju Industria
2023-07-19 11:30
https://www.thestar.com.my/news/nation/2023/08/02/sarawak-govt-targets-takeover-of-bintulu-port-maswings-this-year-says-abang-jo
Sarawak govt targets takeover of Bintulu Port, MASwings this year, says Abang Jo
Wednesday, 02 Aug 2023
10:41 AM MYT
KUCHING: Sarawak aims to complete the acquisition of Bintulu Port and MASwings Sdn Bhd this year, says Premier Tan Sri Abang Johari Tun Openg.
He said these are among three important matters which the state government wants to take back from the Federal Government.
"We are negotiating with the federal government on the return of three items, including the Bintulu Port and MASwings.
"As for the third, wait first," he told reporters after attending the Sarawak Public Communications Unit's (Ukas) fifth anniversary dinner here on Tuesday (Aug 1) night.
Negotiations are ongoing between the Federal and state governments on the takeover of Bintulu Port, the country's main port for liquefied natural gas (LNG).
Sarawak wants Bintulu Port to be part of a cluster of state ports under a Central Port Authority for streamlined management, operations and development.
The state government is also set to sign a memorandum of understanding with Malaysia Aviation Group on the acquisition of MASwings.
n his speech earlier, Abang Johari said Sarawak would take back three items from the federal government within the next three to six months.
"This will complete our economic ecosystem. When our economy is strong, it will elevate Sarawak's position," he said.
Abang Johari also said Sarawak's sovereign wealth fund would begin operations next year.
He said the fund's board of directors would be announced soon.
The Sarawak Sovereign Wealth Future Fund Board Bill 2022 was approved by the Sarawak Legislative Assembly last November.
It will have an initial amount of RM8bil to strengthen the state's financial sustainability.
2023-08-03 15:41
From the replies from this thread, no many pro investors here..
It seems I m the few pro supporter here from the time being
Today price at RM5.15 as a ref price
Indeed, i m a lonely anonymous warrior..
2023-08-09 08:02
Samalaju Industrial Park has a great potential.
Now It is the best time for me to slowly slowly collect into my pocket..😀😀😀
2023-08-09 08:50
Bintulu Port gets 12-month extension to continue operating Sarawak's main LNG port
https://theedgemalaysia.com/node/679078
2023-08-18 08:17
“The second interim agreement formalises the aforementioned 12-month extension and provides an option for a further six-month extension thereafter,” it said.
Last December, BPSB entered into an initial interim agreement with the government and BPA to continue the operations of Bintulu Port for an interim period of six months, which expired in June.
The government had previously granted approval in principle for BPSB to continue operating Bintulu Port for a period of 30 years, subject to the terms and conditions to be agreed upon by the parties. “Negotiations on the new terms and conditions are still ongoing, and the parties are expected to conclude them within this interim period,” said Bintulu Port.
The State Financial Secretary of Sarawak is the largest shareholder of Bintulu Port, with a direct 26.67% shareholding, and an indirect 13.04% held under its indirect wholly owned subsidiary Equisar Assets Sdn Bhd (13.04%), the group’s annual report showed. Petroliam Nasional Bhd is the second largest shareholder with a 28.5% stake.
The Sarawak government had expressed its desire to take over the administration of Bintulu Port since January. It was reported that Sarawak wants Bintulu Port to be part of a cluster of state ports under a Central Port Authority for streamlined management, operations and development.
Bintulu Port’s share price was last traded on Wednesday at RM5.15, with a market capitalisation of RM2.37 billion.
2023-08-18 08:18
Extract from QR 2 2023 as at 30 Jun 2023
A13. Significant Events
The 30-years concession period of Bintulu Port Sdn. Bhd. (“BPSB”) under the Privatisation
Agreement had ended on 31 December 2022. The Government through Unit Kerjasama Awam
Swasta (“UKAS”) vide letter dated 8 October 2014 had in principle approved the extension of
concession for BPSB to operate Bintulu Port for another 30 years (2023 – 2052) subject to terms
and conditions to be agreed upon by the parties.
Previously, on 24 November 2022, BPSB has entered into an initial Interim Agreement with the
Government of Malaysia and Bintulu Port Authority (“BPA”) to continue the operation of
Bintulu Port during an Interim Period of six (6) months which expired on 30 June 2023.
In furtherance to this, BPSB has entered into a Second Interim Agreement with the Government
of Malaysia represented by Ministry of Transport Malaysia and BPA whereby the official
handing over ceremony was held on 15 August 2023 in Bintulu. This follows the initial
notification dated 11 April 2023 on the Cabinet’s approval for BPSB to continue operating the
Bintulu Port for an Interim Period ("IP") of twelve (12) months starting from 1 July 2023 and to
end on 30 June 2024.
The Second Interim Agreement formalises the aforementioned twelve (12) months extension and
provides an option for a further six (6) months extension thereafter.
The parties are still in the midst of negotiating the terms and conditions of the new concession
agreement.
There were no other material events subsequent to the end of the reporting period that have not
been reflected in the financial statements.
2023-08-26 09:53
Quarter Ended 30 June 2023 compared to Quarter Ended 30 June 2022
The Group registered a profit before taxation amounting to RM28.56 million in the current
quarter against RM29.42 million achieved in the preceding year corresponding quarter.
The Group’s operating revenue of RM176.32 million for the current quarter is lower by RM17.84
million (9.19%) compared to RM194.16 million achieved in the corresponding quarter. The
revenue recorded from port’s services at Bintulu Port is RM131.80 million in Q2 2023 as compared
to RM145.43 million achieved in Q2 2022 due to lower revenue from handling of LNG cargo and
marine services to DPS. The revenue generated from the operation at Samalaju Industrial Port
during the quarter under review is RM34.55 million against RM39.46 million in the
corresponding year quarter. The revenue from bulking facilities is RM9.97 million as against
RM9.27 million in Q2 2022
2023-08-26 09:57
Six months ended 30 June 2023 compared to six months ended 30 June 2022
The achieved profit before tax of RM60.20 million for the first half of year ended 30 June 2023, is
lower by RM25.44 million (29.71%) compared to first six months of year ended 30 June 2022 of
RM85.64 million.
The Group’s operating revenue of RM364.22 million for the first six months ended 30 June 2023
is lower by RM28.05 million (7.15%) compared to first six months of preceding year. Revenue
generated from port’s services at Bintulu Port is RM277.09 million as against RM291.84 million
during the first six months of preceding year. Samalaju Industrial Port generated RM66.98 million
of revenue compared to RM81.37 million of revenue generated during the first six months of
preceding year. The revenue from bulking facilities is RM20.15 million as against RM19.06
million during the period under review
2023-08-26 09:58
Kenanga favours Bintulu Port due to its steady income stream from handling liquefied natural gas (LNG) cargoes for Malaysia LNG Sdn Bhd (which typically accounts for nearly 50% of its earnings), potential earnings growth if Bintulu Port is granted a significant increase in its port tariffs, and Samalaju Industrial Port's huge growth potential supported by increasing investment in heavy industries at Samalaju Industrial Park.
2 months ago
kacau kacau epf disposal
do you know how to invest?
dispose potential stock like Biport
stxp*d
2 months ago
26/10/23 buy 5.1 sell 5.26
whole day transaction only one small lot (100 shares) @ RM 5.26
could you figure out what is going on?
1 month ago
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I like port businesses. It's sort of a monopoly one. I like MMC, Suria, Westport, Bintulu. All Malaysia listed companies. In terms of attractive valuations, the one that trade at big discount at the moment I think is MMC and Suria Bhd (all Sabah ports).
2021-01-29 14:53