Eye on stock: Bintai Kinden

Bintai Kinden Corp Bhd (Bintai; Code: 6998) shares dropped to a low of 17 sen on Nov 9 last year, the worst level in more than seven years, on extended correction process due to persistent selling pressure.

Thereafter, in the wake of light bargain-hunting interest, this counter turned sideways briefly, undergoing consolidation before a fresh bout of buying emerged unexpectedly to drive prices higher.