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2015-08-03 11:08 | Report Abuse
Benalec - Upcoming goodies in store for Malacca? BUY
http://klse.i3investor.com/blogs/amresearch/80747.jsp
2015-07-27 10:02 | Report Abuse
I hope today they can reach 1.40
2015-07-27 09:31 | Report Abuse
Did they reissued the 2014 audited financial statements? The dateline is 12 August,
2015-07-27 09:14 | Report Abuse
I will hold this counter until dividend announcement.
2015-07-23 14:51 | Report Abuse
MKH strategy pays off
Thursday, 23 July 2015
New landmark: An artist’s impression of Kajang 2. MKH’s property crown jewel is the 220-acre Kajang 2 flagship development, where more projects would be rolled out closer to the completion of the MRT in 2017.
New landmark: An artist’s impression of Kajang 2. MKH’s property crown jewel is the 220-acre Kajang 2 flagship development, where more projects would be rolled out closer to the completion of the MRT in 2017.
PETALING JAYA: MKH Bhd’s focus on developing affordable homes will help the company continue to generate steady earnings despite the slowdown in the local property market.
AllianceDBS Research said in a report yesterday the company’s strong orderbook was testament that there was robust demand for affordable homes.
“Unbilled property sales had reached a record high of RM843mil as at March 2015, representing 1.6 times its 2015 (ending Sept 30) property revenue. We understand property sales had reached RM600mil as at June, and is on track to meet its 2015 target of RM850mil.
“This is largely driven by its focus on affordable homes, which remain popular with buy-to-stay homebuyers.”
The research house said MKH’s property crown jewel is the 220-acre Kajang 2 flagship development, where more projects would be rolled out closer to the completion of the Mass Rapid Transit (MRT) in 2017.
“We conservatively estimate the land alone to be worth over RM300mil,” it said.
AllianceDBS Research added that MKH’s property sales had been resilient over the past two years despite the slower market, thanks to its focus on affordable homes, in which the group has a good track record.
“MKH never employed the Developer Interest-Bearing Scheme when its peers introduced the incentive package in the past few years to attract buyers. This suggests the focus on affordable homes has helped to boost its sales.”
According to the research house, MKH still has about 1,400 acres of land bank, about half of which is located in the booming Kajang-Semenyih growth corridor and spurred by the development of the MRT connectivity.
“The land bank has generated more than RM10bil in gross development value and has underpinned earnings visibility for more than 10 years. However, MKH continues to actively scout for strategic land bank,” it said.
Separately, the research house said the company’s plantation business was already self-sustaining, adding that MKH had started servicing its US$85mil (RM323mil) borrowings since March.
“Thanks to the young tree profile, first-half 2015 fresh fruit bunch volume grew 41% year-on-year and helped to offset the impact of the low crude palm oil (CPO) price.
“A sustainable recovery of CPO prices will be a major catalyst for MKH because of the naturally high operating leverage for the plantation business,” it said.
2015-07-23 11:55 | Report Abuse
Any news about their interim dividend?
2015-06-19 19:46 | Report Abuse
Justgan, i also bought at above RM2. But i`ll wait the dvidend pay.
2015-06-10 11:14 | Report Abuse
Very good counter. The price movement is very fast.
2015-06-10 09:59 | Report Abuse
Already rebound back. I will hold this counter until next dividend.
2015-06-01 09:29 | Report Abuse
Fuel price goes up. Good news from SONA?
2015-05-28 10:27 | Report Abuse
http://klse.i3investor.com/servlets/ptres/30420.jsp
Public Bank TP 2.18
2015-05-15 11:08 | Report Abuse
Thanks sifus.
2015-05-13 22:05 | Report Abuse
Sorry im newbie. Do we have to do anything during the stock split?
Any form need to be fill?
Or they will automatically do it?
2015-04-30 12:22 | Report Abuse
Started to recover their price. GO GO
2015-04-21 21:51 | Report Abuse
Sifu rlch, is it positive or negative sign?
2015-04-20 19:56 | Report Abuse
Can any sifu "translate" below announcement?
"Notice of Shares Buy Back - Immediate Announcement"
Date of buy back
20 Apr 2015
Description of shares purchased
Ordinary shares of RM1.00 each
Total number of shares purchased (units)
450,000
Minimum price paid for each share purchased ($$)
2.120
Maximum price paid for each share purchased ($$)
2.120
Total consideration paid ($$)
957,537.09
Number of shares purchased retained in treasury (units)
450,000
Number of shares purchased which are proposed to be cancelled (units)
0
Cumulative net outstanding treasury shares as at to-date (units)
48,773,061
Total number of shares purchased and/or held as treasury shares against the total number of outstanding shares of the listed issuer (%)
4.46000
Thank you.
2015-04-20 08:47 | Report Abuse
Thanks bro, Muhammad Syafiq Rahim .
2015-04-19 21:00 | Report Abuse
How to calculate the dividend? If we have 100 lots, the dividend would be 35 lots?
Or, is it same like bank dividend, pro rate if you not subscribe 1 year full?
Thanks sifu2.
2015-04-15 12:13 | Report Abuse
Hello. What is the meaning of "Dynamic Price Threshold Upliftment"? Tq.
2015-04-10 09:42 | Report Abuse
Hello, im newbie. I bought this share at 0.005. But, unfortunately i cannot sell it before the expired date. What will happen to my shares? Will it automatically convert to the mother share?
Thank you sifu2..
Stock: [BENALEC]: BENALEC HOLDINGS BERHAD
2015-08-12 10:45 | Report Abuse
Bursa Malaysia has publicly reprimanded Benalec Holdings Bhd and its 3 executive directors for breaching the Bursa’s Main Market Listing Requirements in 2012, including the failure to appoint independent advisers and procure shareholders’ prior approval for related party transactions involving Benalec agreeing to sell land to a company related to some of the directors. The Managing Director Dato’ Leaw Seng Hai was fined RM50,000. Datuk Leaw Ah Chye and Datuk Leaw Tua Choon, executive directors that resigned in 2013, were fined RM100,000 each (Bursa Malaysia).
Comments: There was controversy surrounding this transaction in the past that led to a family feud and the departure of the 2 executive directors. The move by Bursa Malaysia will not have a financial impact on Benalec as only the managing director and former executive directors are fined in their personal capacity. But there will be reputation damage for the company with regards to corporate governance. Maintain Hold on Benalec with RM0.73 target price, based on FY16E PE of 12x.
Source: Affin Hwang Capital Research - 12 Aug 2015