In the recent quarter, benalec management stated that they are optimistic for the business in 2017 & 2018. 

They mention that they have secure a lot of project and many will be accounted in the book in year 2017.

1) Land to sale already signed worth RM211.82mil
2) Contract secure on may 2014 covering 415 arces worth RM203.9mil
3) Goverment just permited a total area of 3485 arces site in johor for petroluem uses
4) Secured development project for 1672 arces in Teluk Ramunia Johor

2&3&4 - Total 5572 arces

2) 1 arces worth 0.5mil

A total of 5572 arces is worth about RM2786mil

RM2786mil + RM211.82mil (1) = RM2897mil

Profit margin for the past is about 5%

Profit for 2017 & 2018 = RM2897mil * 5% = RM144.85 mil

So, Benalec one year is earn about RM70mil.

PE 10 is RM700mil in market capitalisation

OR

PE 10 is 87.5cent in share price with profit 70mil a year

Now share price stood at 0.41 , Still have 113% upside to rise.

Target Price : 0.875

Technical Analysis:

Immediate support : 0.395
Immediate resistant : 0.43
Share Price was at 10 years low at 0.36

Happy Investing...