Highlights
KLSE: BENALEC (5190)       BENALEC HOLDINGS BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.14   -0.005 (3.45%)  0.14 - 0.145  200,000
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Overview

Market Cap: 121 Million
NOSH: 862 Million
Avg Volume (4 weeks):583,984
4 Weeks Range:0.135 - 0.16
4 Weeks Price Volatility (%):
20.00%
52 Weeks Range:0.135 - 0.23
52 Weeks Price Volatility (%):
5.26%
Average Price Target: 0.40
Price Target Upside/Downside: +0.26
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019  |  28-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  30-Nov-2019
T4Q P/E | EY: -5.58  |  -17.91%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.7006  |  0.20
T4Q NP Margin | ROE: -48.55%  |  -3.58%

Headlines

Date Subject
05-Jul-2019 宏洋1582万卖砂船
04-Jul-2019 PublicInvest Research Headlines - 4 Jul 2019
04-Jul-2019 Mplus Market Pulse - 4 Jul 2019
22-Apr-2019 Stocks on Radar - Benalec Holdings (5190)
21-Feb-2019 Trading Stocks - Benalec
22-Nov-2018 PublicInvest Research Headlines - 22 Nov 2018

Business Background

Benalec Holdings Bhd engages in marine construction and civil engineering. It operates in four segments: Marine Construction, Vessel Chartering and Marine Transportation, Shipbuilding, and Other. The Marine Construction segment consists of land reclamation services and disposal of land held for sale. The Land reclamation services provide marine construction services, like land reclamation, dredging and beach nourishment; rock revetment works; shore protection works and breakwater construction, and pre-bore and marine piling. The Vessel Chartering and marine transportation segment provide vessel chartering on time and voyage charters. The Shipbuilding segment provides ship repair, maintenance, fabrication and refurbishment services. The Other Operating segment comprises investment holding.
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  45 people like this.
 
Tomatoman79 Project started at tjg bin
24/06/2019 5:57 PM
koyokui Buy benalec. Vol up. Oil n gas possible counter
01/07/2019 2:41 PM
ahmadlimteoh Vitol kerjasama dgn kompeni lain. Bukan Soh Hai punya kompeni. Budak kecik tak tau apa2 baik jangan melabur saham. X nampak bodoh sangat
03/07/2019 10:23 AM
willc48 Benalac should beg to knèel in front Tun M minta ampun. No more ties to royalties.
03/07/2019 12:44 PM
Kent7281 is this news good for banalec?
04/07/2019 9:57 AM
koyokui Buy benalec. Yinson want to buy benalec
05/07/2019 10:20 AM
tah16600 Fire sale stock ,Buy to keep long term .Sure to make big money
09/07/2019 9:24 AM
tah16600 The market marker is too generous to sell cheap2. So don't miss this great opportunity .
09/07/2019 10:43 AM
tah16600 I saw hammer appeared on friday ,sign of bottom.
15/07/2019 11:10 AM
Kent7281 koyokui are you insider?
15/07/2019 10:42 PM
tah16600 Had been in the consolidation mode for the past 8 months , So breakout anytime. Hence, right timing for those who have bullets
17/07/2019 10:48 AM
King7 This company own big piece of land in the city of Melaka and near seaside .... cover the coast of Melaka and many developer is coming out with new building surrounding it e.g.impression city , medical center, government offices, leisure and more .. most properly the owner is sleeping or no talent or weak to improve. The management team should be removed and change for this reason.
23/07/2019 11:21 AM
abc987654321 too many ongoing court case where got time to manage the company.
23/07/2019 4:27 PM
ivan9511 Bpuri abang adik? Asset rich but bad management?
Ipo how much?
Now 16
08/08/2019 4:32 PM
mikeann Stock at basement price with little downside risk. Rebound imminent. First resistance at 0.19
13/08/2019 11:11 PM
freddiehero they cash out all money..
17/08/2019 12:43 PM
freddiehero tinggal tulang kerja saja
17/08/2019 12:43 PM
freddiehero now wait them pump in
17/08/2019 12:43 PM
17/08/2019 12:44 PM
freddiehero since 2017
17/08/2019 12:46 PM
willpush http://www.bursamalaysia.com/market/listed-companies/company-announcements/6267965
28/08/2019 8:45 PM
mikeann Losses of RM22 million reported for YE 30/6/2019
28/08/2019 9:34 PM
abc987654321 time to close shop already
29/08/2019 10:38 AM
vivabursa Should resume the reclamation in johor for Petroleum industry
16/09/2019 1:20 PM
mikeann Stock seems grossly oversold. At historical low. Rebound imminent.
20/10/2019 11:48 PM
tuachoon I am back again. Now this company is worse than Kuih Talam. Each piece of Kuih Talam is RM1.00.

141 pieces Kuih Talam, you can buy 1000 shares. Seems daughter also useless cant do much so called graduated from Top Universities. Only make the university shameless for incapable.

A bunch of potato. Last time a group of smart people inside but due to office politics, all good staff forced to resign by key management aka COO with no qualification and experience kicked out GM and invite those sohai Mak Koh.
22/10/2019 5:15 PM
tuachoon Only Guan Yin Ma can save Benalec. Big Boss always pray Guan Gong also cant help him much.
22/10/2019 5:18 PM
Tomatoman79 this company is actually damn rich. this is from latest financial report

Inventories RM 238,481,000
Land reclamation work in progress RM 418,837,000

TOTAL ASSETS RM 1,109,106,000
TOTAL EQUITY RM 603,783,000
TOTAL LIABILITIES RM 505,323,000

Net assets per share attributable to ordinary equity holders of the company = (RM) 0.72
26/10/2019 12:09 PM
Tomatoman79 just the reclaim land will take time to sell lah... its land. not like tongkat ali power root
26/10/2019 12:10 PM
Tomatoman79 In the meantime, significant reclamation works have been undertaken by the subsidiaries of the Group for our projects located at Tanjung Piai and Pengerang (both in Johor), whereby
approximately RM 418.8 million of development costs have been incurred and capitalised as land reclamation work-in-progress. As the Development Agreements for these projects
(which grant us the exclusive right to undertake the reclamation and development of the projects) were entered into with the State Government of Johor directly, no revenue or profit
can be recognised throughout the reclamation and development process according to accounting standards.

Any revenue or profit can only be recognised upon successful disposal and/or leasing of the said land to third parties
26/10/2019 12:27 PM
Tomatoman79 meaning, once the project complete, this 418.8 million will appear in statement.
26/10/2019 12:29 PM
vivabursa Tua Choon should make a come back to take over the company
28/10/2019 1:52 PM
limko1 This company is the worst example of major shareholders comprising of family members figthing each other while squeezing the rights and benefits of small shareholders.
28/10/2019 2:24 PM
tuachoon I have my own company and already get cash paid by sohai and my sohai brother has the shares and rubbish company
30/10/2019 1:40 PM
tuachoon Last time sohai got 1 relative working for him. He is good guardian and capable, unfortunately, sohai kicked his own relative out. After that, this company starts to head southern exactly to southern part
30/10/2019 1:42 PM
tuachoon When i wrote something, Ah Hai will push share price up.
31/10/2019 11:00 AM
Shootup continue write more, need it up up and up
31/10/2019 6:09 PM
King7 Hahaha.. queue at selling keep dancing.. so funny... who is so free queue n withdraw in every second. Ah Hai n tao fu choon buy sell buy sell ?
01/11/2019 12:32 PM
Shootup tanjung pia election good for benalec if mca win? maybe
01/11/2019 2:03 PM
tuachoon Already 8 years egg also did not come out. Still believe in Tanjung Piai and Pengerang? Vincent Leaw already 58 old. You think he can create miracle? Another 5 years no more energy.
06/11/2019 5:50 PM
tuachoon Seng dont want to come back. Jean always play. Lin as woman wanna take over company and once married, let husband not Leaw surname to take over Leaw family business. Shame to founder.
06/11/2019 5:53 PM
tuachoon baru-baru ini, Benalec telah
menandatangani satu Memorandum Persefahaman yang melibatkan tiga pihak iaitu
Benalec, sebuah syarikat konglomerat kewangan antarabangsa yang mendapat sokongan
negeri, dan juga sebuah syarikat minyak utama terbesar dunia. Ketiga-tiga pihak ini sedang
menjalankan kajian kemungkinan (“feasibility study”) serta terikat dalam perbincangan
secara eksklusif bagi tujuan membina kemudahan penyimpanan tangki pertama yang akan
dibangunkan di Plot 1 iaitu 100 ekar pertama di TPMIP ini, dikenali sebagai Tanjung Piai Oil
Terminal, (TPOT).
Syarikat konglomerat kewangan yang namanya tidak dapat didedahkan kerana tertakluk
kepada syarat dalam Memorandum Persefahaman yang telah ditandatangani, akan menjadi
pemegang saham majoriti projek TPOT, selain pengendalian serta penjenamaan juga
adalah di bawah tanda dagangan syarikat ini. Syarikat minyak utama tersebut pula
bercadang untuk menyimpan sehingga 1 juta meter padu (m3) minyak di TPOT yang akan
dibina di atas Plot 1 TPMIP.
11/11/2019 4:09 PM
tuachoon Menjelang akhir tahun ini, sekiranya semua pihak mencapai persefahaman, satu syarikat
usaha sama akan ditubuhkan di antara Benalec dan syarikat konglomerat kewangan dan
syarikat usaha sama ini akan menjadi penyewa/pembeli kepada Plot 1 iaitu 100 ekar
pertama tanah di TPMIP daripada SKSB. Syarikat usaha sama tersebut akan membina
terminal penyimpanan cecair pukal di atas Plot 1 di TPMIP ini, bagi kegunaan syarikat
minyak utama tersebut.
11/11/2019 4:10 PM
tuachoon Selain itu, pemaju projek juga sedang giat berbincang dengan beberapa pihak pelabur yang
berminat dari beberapa buah negara termasuk dari Singapura, China, Eropah dan juga UAE
bagi plot-plot tanah lain di TPMIP. Dengan sambutan yang diperolehi, pemaju projek melalui
Perbadanan Setiausaha Kerajaan Johor (SSI) telah mengemukakan permohonan untuk
mewujudkan Zon Perdagangan Bebas (FCZ) dan Zon Perindustrian Bebas (FIZ) untuk
TPMIP kepada pihak Kementerian Kewangan Malaysia (MOF) dengan harapan pewartaan
TPMIP sebagai kawasan FCZ dan FIZ akan menarik minat lebih ramai pelabur dari seluruh
dunia agar melabur di TPMIP.
11/11/2019 4:10 PM
tuachoon Projek penambakan laut bagi tujuan Taman Perindustrian Maritim Tg Piai “Tg Piai Maritime
Industrial Park, (TPMIP) yang diusahakan oleh Spektrum Kukuh Sdn Bhd (SKSB) iaitu anak
syarikat Benalec Sdn Bhd (Benalec) merangkumi kawasan seluas 3,485 ekar yang
dibahagikan kepada tiga (3) fasa sebagaimana berikut:
a) Penambakan TPMIP Fasa 1 berjumlah 1,080 ekar;
b) Penambakan TPMIP Fasa 2 berjumlah 1,008 ekar;
c) Penambakan TPMIP Fasa 3 berjumlah 1,411 ekar.
TPMIP akan ditambak secara berperingkat dan jangka masa penyiapan bagi setiap fasa
untuk keseluruhan projek berkeluasan 3,485 ekar ini adalah tertakluk kepada permintaan
komersial. Kerja-kerja penambakan laut telah pun dimulakan pada awal bulan Disember
2015 yang lalu dan setakat ini hampir dua ratus (200) ekar daripada kawasan dalam Fasa 1
iaitu Plot 1 telah ditambak. Kerja-kerja penambakan tambahan juga telah dilaksanakan bagi
sebahagian kawasan yang telah ditambak iaitu di atas kawasan seluas 100 ekar dan kini
sedang dalam tempoh menunggu bagi kawasan yang ditambak untuk mencapai tahap
pengukuhan tanah (“soil consolidation”) yang telah ditetapkan sebelum kerja-kerja
membawa keluar surcaj dan kerja-kerja pembinaan struktur pencegah hakisan dapat
diteruskan. Dengan kemajuan kerja yang telah ditunjukkan ini, sambutan yang diperolehi
adalah lebih serius dan menggalakkan daripada pasaran dan pelabur dalam sektor
petroleum
11/11/2019 4:11 PM
tuachoon Well done Sam Leaw
11/11/2019 4:11 PM
happyvincent Directors’ Remuneration of Benalec Holding VS Muhibbah Engineering (M) Bhd.

2016 Benalec Holding Directors’ Remuneration.
From 2016 annual report. They boast that BENALEC management has been very transparent about it.
No. of Directors - 6
RM150,000 to RM200,000 – 2 Independent Non-Executive Directors
RM200,001 to RM250,000 - 1 Independent Non-Executive Director
RM250,001 to RM300,000 -1 Executive Director
RM450,001 to RM550,000 -1 Executive Director
RM7,000,001 to RM7,500,000 -1 Executive Director

Muhibbah Engineering (M) Bhd Directors’ Remuneration.
The number of Directors whose total annual remuneration falls within the following bands is as follows:-
No. of Directors - 9
Below RM100,000 – 3 Independent Non-Executive Directors
RM150,001 to RM200,000 – 1 Independent Non-Executive Director
RM800,001 to RM850,000 - 1 Executive Director
RM850,001 to RM900,000 - 1 Executive Director
RM900,001 to RM950,000 - 1 Executive Director
RM1,150,001 to RM1,200,000 - 1 Executive Director
RM1,450,001 to RM1,500,000 - 1 Executive Director


2015 Directors’ Remuneration of Benalec Holding VS Muhibbah Engineering (M) Bhd.

2015 Benalec Holding Directors’ Remuneration.
From 2015 annual report. They boast that BENALEC management has been very transparent about it.
No. of Directors - 4
RM150,000 to RM200,000 – 2 Independent Non-Executive Directors
RM200,001 to RM250,000 - 1 Independent Non-Executive Director
RM6,200,001 to RM6,250,000 -1 Executive Director

Muhibbah Engineering (M) Bhd Directors’ Remuneration.
The number of Directors whose total annual remuneration falls within the following bands is as follows:-
No. of Directors - 11
Below RM50,000 – 2 Independent Non-Executive Directors
RM50,001 to RM100,000 – 3 Independent Non-Executive Directors
RM100,001 to RM150,000 - 2 Independent Non-Executive Directors
RM700,001 to RM750,000 - 1 Executive Director
RM1,000,001 to RM1,050,000 - 2 Executive Directors
RM1,250,001 to RM1,300,000 - 1 Executive Director

The remuneration package paid to Benalec Holdings Bhd’s group managing director Datuk Leaw Seng Hai, which has been labelled “excessive”, has roused the ire of some minority shareholders.They claimed that Leaw’s remuneration ranges between RM7.5 million and RM8 million in the group’s financial year ended June 30, 2014 (FY14), which is comparable to Benalec’s full-year net profit that year, which was RM7.12 million.
https://www.theedgemarkets.com/article/benalec-md%E2%80%99s-remuneration-questioned

Listen to the Business Radio Station BFM 89.9 to hear how they comments the higher paid of Benalec Holding RM8million to MD remuneration.
https://www.bfm.my/podcast/morning-run/todays-biztalk/biztalk-dom-141223
13/11/2019 2:46 PM
Kukuman Happyvincent, u are truly old faithful to mr benalec. Where is the extra long term investor? What is name already?
14/11/2019 11:14 PM
Kukuman 1.00 to 60cen to 40cen to 14cen. What next?
14/11/2019 11:15 PM
apolloang ini sudah listed lama.....sasbabi lagi cepat from 1.00 to 60cts to 40cts to 16.5cts....hahaha
14/11/2019 11:21 PM


 

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