Muarmali just normal discussion n dont take it seriously becos no one can predict the future n even the former US Fed Res Chairman Alan Grenspan prediction went wrong.
Key Results Highlights For FY13, Benalec’s core net profit decreased drastically by 25% to RM62.4m due to the lesser number of land sales which only account 5.7% of its total revenue coupled with the poor performance in its vessel chartering division, which saw widening losses from RM7.8m to RM19.4m. To recap, the total transacted land sale fell 89% from RM133.2m to RM15.1m.
More bad news on job delay for this counter : projects that may be affected include the $19 billion petrochemicals and refinery complex to be built by state oil firm Petronas and a 2,000 megawatt coal-fired plant costing $3.65 billion to build, Hong Leong said. Does it involve the Tg Piai project ??
I dont think so for Benalec but this news will affect whichever companies trying to invest in oil pretroleum related projects. The only positive catalyst is : OIL goes up, then it has hope.
Seems KWAP accumulating the shares from 5.97% to 6.43%(Bursa announcement dated:27/08/13 and 06/09/13). Three major risks ahead 1.Fed Meeting 2.Syria Conflict 3.German Election on 22/09/13.CIMB call from Trading buy, prediction go for north or south??
No not the right time. Mkt still hazy n might cause breathing difficulties, choked n admitted to ICU. Nxt week shall bottom fish after FOMC meeting. Good luck
Benalec is in the midst of finalizing S&P agreement to undertake the reclamation works and sale of approximately 1,000 acres of land off the coast of Tanjung Piai.
Hi! this stock really test investor patience...good and bad news also go to holland lol... maybe one day mr market will sing for this share...Good luck!
Hi all, i'm new to this forum. i have been holding on to this counter for more than 3 month alry...The Star today news: JF Apex Research said Benalec Holdings’ subsidiary has entered into an agreement to build a crude oil storage and private jetty.
hopefully by entering today before offcial annoucement from Ben the price is considered low in anticipation of higher price when it is offcially announced.
We do not hv a crystal ball to predict the future. The future always surprise us by going the wrong direction. Hv self discipline & be patience as Cash Is King during uncertainties. Good Luck.
unless you have the power to hold else stay away from this counter..... it can be up one day and drop three or more day. it can suddenly gorend by some party.... in short we never know WHEN those thing happen. So if got the power to hold will be better.
Today investors r advised to take profit n stay sideline pending the outcome of FOMC meeting on 17/9 & 18/9 which will dictate the direction of the global mkt. Furthermore, there is no mkt on Mon 16/9/2013 due to Malaysia Day. Good luck.
All eyes n ears will b on the outcome of FOMC meeting for nxt week. Investors hv been taking steps to reduce risks ahead of such an important announcement.
The FOMC meeting could hv a ripple effect on global mkts.
Emerging mkts were hardest-hit once the Fed started to lean in the direction of cutting stimulus, with sharp selloffs in debt & equity mkts around the world.
Prevention for staying on the sideline is better than being hit by the 'missile'.
hiddengem, probably more than 95% of the people involved in stocks would agree with your comments but despite that everyone is aware of the impact the FOMC meeting, the global markets were up last week - indeed puzzling !
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Posted by Muarmali > 2013-09-02 14:24 | Report Abuse
hiddengem, normal trading. But don't ask me when to buy or sell. I am not related to any funds. :)))