|Last Price ||Avg Target Price || Upside/Downside ||Price Call |
|0.87 ||1.25 || +0.38 (43.68%) || |
|* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.|
|** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).|
|Date ||Open Price ||Target Price ||Upside/Downside ||Price Call ||Source ||News |
|04/03/2014 ||0.885 ||1.31 ||+0.425 (48.02%) ||BUY ||AMMB || |
|03/03/2014 ||0.885 ||1.25 ||+0.365 (41.24%) ||BUY ||KENANGA || |
|03/03/2014 ||0.885 ||0.83 ||-0.055 (6.21%) ||SELL ||CIMB || |
|18/12/2013 ||0.98 ||1.31 ||+0.33 (33.67%) ||BUY ||AMMB || |
|13/12/2013 ||1.01 ||1.25 ||+0.24 (23.76%) ||BUY ||KENANGA || |
|13/12/2013 ||1.01 ||0.93 ||-0.08 (7.92%) ||SELL ||CIMB || |
|13/12/2013 ||1.01 ||1.31 ||+0.30 (29.70%) ||BUY ||AMMB || |
|10/12/2013 ||1.03 ||1.31 ||+0.28 (27.18%) ||BUY ||AMMB || |
|27/11/2013 ||1.00 ||1.39 ||+0.39 (39.00%) ||BUY ||KENANGA || |
|27/11/2013 ||1.00 ||1.10 ||+0.10 (10.00%) ||HOLD ||CIMB || |
|27/11/2013 ||1.00 ||1.31 ||+0.31 (31.00%) ||BUY ||AMMB || |
|26/11/2013 ||1.01 ||1.31 ||+0.30 (29.70%) ||BUY ||AMMB || |
|29/10/2013 ||1.19 ||1.94 ||+0.75 (63.03%) ||BUY ||KENANGA || |
|10/10/2013 ||1.16 ||1.25 ||+0.09 (7.76%) ||HOLD ||CIMB || |
|08/10/2013 ||1.17 ||1.94 ||+0.77 (65.81%) ||BUY ||KENANGA || |
|26/09/2013 ||1.22 ||1.94 ||+0.72 (59.02%) ||BUY ||KENANGA || |
zcling tewnama. OK to buy this counter ? Any advice from our UncleZ ?
tewnama I sudah hilang kepercayaan dgn mr ben ini. Namun i masih ada 1 lot untuk simpan sebagai kenangan lama. I cadang u labur dlm saham lain sementara tunggu mr ben pulih kembali.
samsung555 Affin Research maintains Trading Buy on Benalec
Monday March 3, 2014 MYT 4:14:44 PM
KUALA LUMPUR: Affin Research has a Trading Buy on Benalec Holdings Bhd and the outlook for the company will hinge on land sales.
It said on Monday unless Benalec made quick land sales, the group may post another loss in 3QFY14 due to the reversal of profits of RM9.3mil from two land transactions (about 23.2 acres at RM28 per sq ft).
The sale of these land parcels and another eight pieces (totalling 41.6 acres) could generate profit amounting to about RM46mil if sold at RM40 psf. The group also has 107 acres subject to a sale and purchase agreement, which should generate revenue and profit in coming quarters.
Affin Research said after a dismal net loss of RM3.8mil in the first quarter ended Dec 31, 2013, the core net profit surged to RM25.3mil in 2QFY14 on the back of a RM27mil land disposal.
There was also a deposit received from a forfeited land disposal and discounts received from subcontractors at RM5.4mil and RM3.7mil, respectively.
Affin Research ’s “trading buy” rating on Benalec hinges on its massive land reclamation concessions in Tanjung Piai (3,485 acres) and Pengerang (1,760 acres), which are expected to raise both its orderbook by about RM15bil, and net profit by RM1.2bil over the next 10 -15 years.
Benalec’s core net profit in 2QFY14 increased by 20% year-on-year for the same reasons, with a slight increment in land reclamation revenue as the group has focused on disposing of about 400 acres of land, Affin Research reported.
“Benalec’s core net profit of RM21.6mil fell by 52% year-on-year for the six months ended Dec 31, 2013, mainly due to slower progress on work recognition, partially offset by a deposit received from a forfeited land disposal and discounts received from subcontractors as well as a loss on the disposal of property, plant and equipment in the previous corresponding period. The outstanding land reclamation orderbook is RM250mil,” Affin Research said.
oasischeah Research on Directors and past records. Inside company info is most important. Get inside info on Benalec.
zaidsmadi Cimb target price for Bensalem reduced to 83 cents only
tjhldg uum ... tj say 0.85/855 sapu kaw dia
SANG-JERO This counter is BEARISH.........short term...medium term...long term.....the way I see it....Good Luck if you are investing in this counter........KWAP sold every single unit at a huge loss....
Greyson Dear Malaysia traders and investors, Im an University undergraduate and would like to ask for your help for spending 5-10 mins to fill up my final year dissertation survey related to social media and financial decision making.
In return, you would get two ebooks on "high probability trading" and " The intelligent investor" plus one bonus audio version of "The intelligent investor" at the end of survey session with an attached dropbox link. Hope you guys benefit from the knowledge sharing.
I greatly appreciate it.
*This survey is not meant for any commercial or market research but only for educational purpose and academic research only.
samsung555 RM70bil for Pengerang
HOW many of us set out to achieve the impossible? This involves goals that seem too difficult to conquer but could bring us great benefit if we manage to pull through and get to the finishing line.
Back in June 2010, we held a lab to determine the way forward for the oil, gas and energy sector under the Economic Transformation Programme (ETP). One of the ideas mooted then was for us to build a regional oil and gas hub in south Johor by developing the Pengerang Integrated Petroleum Complex (PIPC).
Subsequently, more than 13,000 people who attended the ETP Open Days following the conclusion of the lab in 2010 told us they felt this would be good for the country.
But that was all it was in 2010 – an idea. If we were going to do this, we would have to start from scratch.
A few weeks ago, I had the opportunity to visit Pengerang. It was both humbling and really amazing to see how an idea that seemed so remote four years ago can take shape when you have all the right ingredients. Here, the private sector, the Government and the people are working hand in hand to build a project which will eventually be a game changer in the way we use our petroleum products to capture the most value from it.
But first, a little bit about PIPC itself. This project is one of the more important components of our programme to transform Malaysia into the ranks of a developed country by 2020 – achieving a per capita income of US$15,000 from US$6,700 in 2009. That effectively means an annual increase in gross national income per capita of at least 6% a year from 2009.
To facilitate this growth in income, we have identified 12 growth areas to spearhead rapid economic development. Oil, gas and energy is one of these areas. We want to continue with domestic oil and gas production, grow in downstream ventures and make Malaysia the No. 1 hub for oil field services while exploring alternative energy sources.
Pengerang is a key and vital part of this thrust. It will help to create an oil storage and trading hub and increase petrochemical output.
This will be done first by building a deep-water jetty and storage facilities to accommodate the inflow of raw materials to processing plants and the subsequent outflow of the products to destinations within and outside the country.
What is already happening is that the deep-water jetty and oil and petrochemical storage tanks are already being developed. Meanwhile, Petronas’ Refinery and Petrochemicals Integrated Development is showing good progress on the ground.
Pengerang currently has RM69bil worth of projects in the pipeline. This accounts for 33% of investment costs of all our entry point projects and nearly 70% of those in the oil, gas and energy sector. These will serve as catalysts for economic growth and development in selected areas. Ultimate investment over time could be as high as RM170bil, including the committed RM69bil.
Using just committed investment figures, we estimate that the PIPC will contribute RM18.3bil to 2020 gross national income and create 8,600 jobs. The eventual income could be higher depending on how well catalytic efforts work.
Now for some progress updates. For the Pengerang deep-water petroleum terminal, Phase 1 of the project work started in early 2011, with 500 acres of sea area to be reclaimed. Current engineering, procurement, construction and commissioning works is at 92% as at Feb 25. This includes dredging and reclamation, marine facilities (for example jetty construction) and tank terminal construction.
Phase 1, which is on 150 acres of reclaimed land, will have a storage capacity of 1.3 million cu m of petroleum products. First oil commissioning will be in the first half of this year.
Rapid project site clearance and preparation effort is broken down to two phases covering different areas within the 6,300 acres. Overall progress for Phase 1 site clearance and preparation as at Feb 20 is 68%, just over two thirds complete. The final investment decision is expected to be made by the end of this month.
Admittedly, there have been delays but a few months is not a lot in the overall scheme of things for a project this complex which requires substantial attention to infrastructure needs that have to be set up from scratch, as well as requirements of residents already in the affected areas.
There are 30 separate infrastructure and public amenities projects currently being implemented. They include the upgrading of the existing dual-lane single carriageway to dual lane and the construction of a new dual-lane carriageway.
At the same time, a temporary road will be constructed to facilitate project development. The new roads are expected to be completed by mid-2016.
tjhldg kikikiii 0.85/0.855 coming soon ?