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pending the settlement of the debts of UIMB. next catalyst would be Melaka election which could happen anytime after the Johor and N9 election. if BN wins big, for sure Melaka UMNO would have the confidence to dissolve their state assembly and call for election.
Bintai stock confirm no link to any political outcome so don't anyhow link the two. Better watch the actual financial health rather than betting on election flags.
If I remember correctly, Bintai secured a subcontract for a factory project in Johor last year. So after the election, maybe can get more projects in Johor also, hehe 😄
don't forget that the uimb was the core reason why Bintai fell into PN17 in 2023 even with melaka gov as the guarantor of the project and the MB office failed to cover the shortfall of UIMB payments for years and accumulated the debt until rm60 mil. the recent EISP only have settled rm13.5 mil.
with all the interest bearing, it is estimated the current outstanding debt owed to bintai is around rm50 mil and yet UIMB is dragging and asking for extension to negotiate with now deadline set by 31 July 2026.
probably Bintai would initiate a legal case again if it got postponed as the original deadline was set on 31st March as per the EISP agreed back in Dec 2024. This negotiation has been dragged on for years.
