October 31, 2017 15:42 pm MYT



KUALA LUMPUR (Oct 31): Benalec Holdings Bhd is selling seven plots of leasehold land measuring 216,427 sqm at Klebang, Melaka, for RM100.17 million cash.

In a filing today, Benalec said its three indirect wholly-owned subsidiaries — Sentosacove Development Sdn Bhd, Oceanview Realty Sdn Bhd and Strategic Cove Sdn Bhd — entered into a sale and purchase agreement with the purchaser Titanium Hallmark Sdn Bhd for the disposal.

Under the deal, Benalec expects to realise a net gain of RM24.7 million representing earnings per share of about 3 sen apiece.

Proceeds from the land sale, Benalec said, will be used to finance its ongoing reclamation projects and to meet its working capital requirements.

"The disposal is in the ordinary course of business of Benalec.

"The disposal provides an avenue for Benalec to monetise and crystallise the value of its landbank while at the same time, improve the cash flow of the company," it added.

At 3.12pm, shares of Benalec rose 3.57% or 1.5 sen to 43.5 sen, giving it a market capitalisation of RM331.62 million.

There is no losing money and still earning. that is why i don't see it drop again. Dato collected more... :)

wait and see, good chance to go back to 80 cents. i hold

waited for 1 month... coming already..

65 cents...

Wait for the good news first. slowly... better than this year highest.. :)

everyday drop... no future...

How to convert KNM-WA warrant?

Still low.. is good time to buy.. loaded more.. :) wait for the news come out.

go down slowly... see you at 68 cents..

lower get lower... 46 cents coming..

look for 38 cents.

what liao... Big shark just eat 500,000 in 1 second... Look like some company started to buy... Good news.

it's still long way to go until Nov 2017. Will hold...

KNM, Nothing gonna stop you now. 16Mil transacted buy at 0.255. See you at 80 cents..

Over-value.. Go back to the normal price after bonus issue (which not adjusted on june).
Look like next Q is not good too. no more good news. Correction...

brought at 23 cent.. Ya hoo... wait for my new car :)
All the undervalue O&G counters.. Armada, MISC, ALAM, Yinson, Dialog.. Up up all the way..

EPF selling... Better wait for it to settle for the next two Q.

It's already come up more than 10% in 1 week. Cheers.

EPF sell. Why? over estimate and overprice? better wait until 80 cents

Not good future.. overprice..sold all like EPF.

Why sold? it's just at the bottom now.
Up up on the way..

luckily not in yet. wait for 50 cents. look like their order book is empty.. so far only get 1/4 of last year revenue. PR1MA housing project is far far away..

THis is the reason for yesterday price high.. Surely will go up.. just wait for the right time.

As per disclosed in the Related Party Transactions (Section 8) of the IPO Prospectus , SSB had on 31 December 2008 entered into an agreement with the State Government of Melaka to reclaim and develop a piece of land measuring an area of 720 acres, and pursuant thereto, SSB had on 10 September 2010 entered into an agreement with BSB to appoint BSB to undertake the reclamation works for the said land ("Reclamation Agreement").

The Board of Directors wishes to inform that prior to the original date of completion under the Reclamation Agreement being 24 April 2016, BSB has been granted an EOT by SSB for a further period of four (4) years, up to 24 April 2020, to complete the requisite works under the said Reclamation Agreement.

i think dato Just want to maintain the price and make sure not drastic dip... Not so good future...

Target price: RM0.545, RM0.585
Support: RM0.40

Short term will go back to RM 0.90 and RM1.00.

Great result, still hold until it come back to TP 1.50.. Cheers.

Better out of this counter.. It been down trend since last year. No catalyst.

Totally agree. Most directors buy expensive cars and change every year... No wonder Expenses so high up.
YOu think it also happen to our Malaysia ministers too.... travel everywhere with family using tax payer money?

Public bank ask to hold, but i think it is a trap.. Clear stock for now.. our of my radar..

losing money also go up.. Johor Corporation is buying..

No more making money... What can i say.. Clear stock for now.

After T3 that all the contra player gone, it's now good to go uptrend.... like sister company... AAX. :)

Why up ~8%? any good news?

Today let it flask out all the T3 contra buyer..

Run.... Bad result.. Deep ...

Malaysian Oil and Gas cost of operation are above and very high.
Their directors, CEO are not innovative business man but only politician (good in PR).
Earn big big remuneration and should resigned like Media Prima CEO recently.
Very sad - Good in talking can cari makan in Malaysia but not really professional qualified.

Totally agree with you HoldingKing.
It will have the same patent like takaful before when it's bottom
Now is Limit up many times..

throw to 68sen, you said 58 sen.
Later throw to 58 sen, you said 48 sen..
Wait until the cow come first?
How to earn big money? Better keep it in under your billow..

Sorry la, limit up today and continue tomorrow. See you at 1:15.

Just started from bottom, why worry? Do you see it losing money?
Buy more and waiting for Year-end harvest..

Not even one third of last year profit.
now, just down 10% from 85 cents. still long way to go down.. wait..

Don't think it will come down at level 1.1 anymore. Will hold longer.

retail business- most buyers go online.
oil and gas, don't touch....
"Sell" call for Parkson, bonia, Aeon, EATeCH, PENERGY, ALAM, PERISAI, ARMADA, MISC, etc......

run fast fast la.. everyday drop 1 cent... eventually only 10cents.. Ha ha...

Going forward, the group is planning to introduce new products and partnerships, including Home Easy online and its fourth airline partnership with Cambodia Angkor Air in the coming quarters. The newly rolled out products are only expected to contribute positively to Tune’s performance from 4Q2017 onwards. (The Star Online)
-------------------------------------------------------------------------------------------------------
I am waiting for my x'mas present.. :)

Next week will be show time. if continue have profit. i will buy more more more until 90 cents. Back to year 2014.. no more brothers problem for this company... after settled all the law sue case.. Cheers for a good company without greedy brothers... :)

No analyst suggested for "sell"..all suggested "buy". I am not worried. those not buying now will regret. Ha.ha.. i just in at 1.03.. will buy more if fall further..

For those who buy on June Rm 1.30, it's already 30% discounted.
For company that make money, i don't think it will fall further.
TP 1.70 by year end, like what Public Bank suggested.