Posted by papa > 2013-11-24 12:57 | Report Abuse

（吉隆坡22日讯）宏洋控股（BENALEC，5190，主板建筑股）间接独资子公司———Benalec Diversity私人有限公司，遭Citypoint Engineering私人有限公司追讨1880万4281.86令吉的费用。
根据文告，这笔费用是马六甲沿海填海工程的服务费。Benalec Diversity是在本月18日接获通知。
接获这项通知后，Benalec Diversity有21天时间缴付拖欠费用，否则将会被要求清盘。
宏洋控股正寻求法律咨询，采取所需的行动。
Benalec Diversity是Benalec私人有限公司的独资子公司，而后者则是宏洋控股的独资子公司。

Posted by dingding > 2013-11-25 11:33 | Report Abuse

buy now before too late... after AGM price will rise.. 1.5!

Posted by jenabchen123 > 2013-11-25 12:11 | Report Abuse

I think so. You can get cheap at 1 but you will get stuck there for many months, perhaps rugi if the feud continuing and getting ugly.

Posted by oasischeah > 2013-11-25 16:27 | Report Abuse

Authorities should act and bring the culprits to books even though they at Datoks. What is happening in Malaysia?

Posted by messi > 2013-11-25 19:04 | Report Abuse

more possible downside than upside - internal feud need to be resolved

Posted by JimYeoh > 2013-11-25 19:37 | Report Abuse

wait for 0.94 to enter

Posted by JimYeoh > 2013-11-25 19:46 | Report Abuse

might be disappointed qtr profit report that going to out this week

Posted by khairilazizie > 2013-11-25 20:44 | Report Abuse

Ini syarikat manyak hutang oooo...... Be carefully.

Posted by Jack Chng > 2013-11-25 22:45 | Report Abuse

thanks for the rumour, khairilazizie... fast sell! need to buy at low price !

Posted by adrianghw > 2013-11-26 09:38 | Report Abuse

（吉隆坡22日讯）宏洋控股（BENALEC，5190，主板建筑股）间接独资子公司———Benalec Diversity私人有限公司，遭Citypoint Engineering私人有限公司追讨1880万4281.86令吉的费用。
根据文告，这笔费用是马六甲沿海填海工程的服务费。Benalec Diversity是在本月18日接获通知。
接获这项通知后，Benalec Diversity有21天时间缴付拖欠费用，否则将会被要求清盘。
宏洋控股正寻求法律咨询，采取所需的行动。
Benalec Diversity是Benalec私人有限公司的独资子公司，而后者则是宏洋控股的独资子公司。
...
Die liao Die liao Habis!

Posted by wcl1988 > 2013-11-26 09:43 | Report Abuse

Citypoint Engineering is one of the Benalec subsidary?
Son company chase father for money?

Posted by oasischeah > 2013-11-26 10:34 | Report Abuse

It's a family business of cheats,liars and stupidity. It caused alot of shareholders headache. Why do they have to tear each othe down. Why don't they sell the company and start their own.

Posted by leslieroycarter > 2013-11-26 17:36 | Report Abuse

forget about this counter even though the rating of an upside is high..there r many counters which offer better prospects...

Posted by sephiroth > 2013-11-26 19:47 | Report Abuse

ah ben die liao
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1473693

Posted by JimYeoh > 2013-11-26 19:59 | Report Abuse

negative profit..going down further

Posted by sam2828 > 2013-11-26 20:12 | Report Abuse

benalec gg liao..

Posted by messi > 2013-11-26 20:24 | Report Abuse

Today Ben sue Tua Choon & Ah Chye....tomorrow ???

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1473697

Posted by chickmonk > 2013-11-26 21:34 | Report Abuse

Despite Benalec having, for the first time since IPO, to record a relatively small loss by way of
quarterly financial reporting, the Group maintains a very positive outlook vis-à-vis its
prospects for the rest of the financial year. This positive outlook is based on the fact that
180.59 acres of land, forming the subject matter of Sale & Purchase Agreements already
signed and publicly announced, will generate revenue (approx. RM254 million) and profits for
recognition over the subsequent quarters.

Adding to the positive outlook is the uptrend in the demand for, and pricing of, the Group’s
reclaimed land-bank in Melaka. This, in turn, augurs well for the Group’s financial performance
in the near term.

http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/FBB431050846081E48257C2F003B3CF0/$File/BHB-Q1%20'14%20announcement%20%20(BURSA).pdf

Posted by chickmonk > 2013-11-26 21:53 | Report Abuse

- Maintain BUY on Benalec Holdings with a lower fair value of RM1.31/share. This pegs the stock at a steeper discount of 45% to its sum-of-parts value (previously 15%) to mainly account for:- (i) timing risk associated with its Johor concessions; and (ii) shift in recognition from recent land sales in Malacca to 2QFY14 onwards.
- In this report, we strive to address a few issues that may have weighed the stock down in recent months despite its core fundamentals remaining intact.
- Firstly, we see the recent management shake-up (in light of a civil suit filed against two of its directors last week) as having minimal impact on Benalec’s operations. Group MD Dato’ Vincent Leaw and his professional team are very hands-on in managing the group, especially in regards to the Johor operations. Furthermore, senior management personnel have been re-deployed to take active charge of the duties left vacant.
- Secondly, Benalec’s repositioning of Tg. Piai as a future oil hub still have deep appeal over the mid- to longer-term. Back in March, the group had signed a binding term sheet with 1MY Strategic Oil Terminal Sdn Bhd. The deadline for the binding term sheet has since been pushed back by six months to 11 December 2013 until all the terms and conditions of the SPA are finalised.
- While we would not preclude a further extension to this timeline given the sheer size, complexity and magnitude of this project, its investment merit and dynamics remain firmly entrenched with a potentially sizeable reclamation contract in the pipeline (c.RM2bil).
- Thirdly, we do not see any delays in the rollout of PETRONAS’ RAPID to have an impact Benalec’s plans in Johor. Benalec’s immediate focus is to develop its Tg. Piai landbank (3,485 acres), which targets the established oil & gas giants already operating at Jurong’s vibrant petrochemical hub (~7 nautical miles away).
- Benalec is trading at a deep discount of 58% to our revised SOP, which only includes 3,000 acres of its Tg. Piai landbank (total concession: 5,485 acres including another 1,760 acres in Pengerang). While sentiments may be muted in the near-term, the stock could materially rerate if there are tangible developments in the group’s forays in Johor.
- Other positive factors are:- (1) strong balance sheet (net cash position of RM87mil for FY14F); (2) share price support via 30% dividend payout (gross yields of 2% to 6% over the next three years); and (3) beyond the 1MY deal, Benalec is actively scouting for more investees to realise Tg. Piai’s potential as a future oil hub. It is also on the lookout for more cash jobs/reclamation concessions.
Source: AmeSecurities

Posted by faralenz > 2013-11-26 23:03 | Report Abuse

Benalec mati liau!

Posted by ladzatz > 2013-11-27 09:02 | Report Abuse

losses dikesan ...dikesan

Posted by ladzatz > 2013-11-27 09:03 | Report Abuse

now cepat2 ...takda orang mau tahan..kecuali yg tak tau

Posted by alexisvics > 2013-11-27 09:10 | Report Abuse

Tsunami mali,semua lali
...

Posted by caven101 > 2013-11-27 09:12 | Report Abuse

walau eh...BENALEC so big problem ah....revenue drop so much and still in loss status. why suddenly turn to loss so much?

Posted by ladzatz > 2013-11-27 09:23 | Report Abuse

orang yang pertama tahan akan jadi bahan experiment

Posted by necro > 2013-11-27 09:28 | Report Abuse

Wei ladzatz xmau sapu kaaa?murah ni!....kah kah kah

Posted by sheep > 2013-11-27 09:30 | Report Abuse

lagi turun...OMG

Posted by wallaceboy > 2013-11-27 09:33 | Report Abuse

se you @ 0.80 sen...yahooooo

Posted by sephiroth > 2013-11-27 09:41 | Report Abuse

if dec deal extend another 6 months again, then waterfall

Posted by dingding > 2013-11-27 09:43 | Report Abuse

... so sell now?

Posted by alkop > 2013-11-27 09:44 | Report Abuse

if u see people who join in when it start dropping ...i detect is contra kaki ..very few genuine buyer or investor ..so today n tomoro cannot pik up..must cut loss..wit bad news coming out ...so margin player pun kena jugak nanti...either averaging down till the price stabalised....dare to take the risk..let it be..in pain or pleasure

Posted by banana86 > 2013-11-27 09:47 | Report Abuse

Run!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Posted by sephiroth > 2013-11-27 09:48 | Report Abuse

Kwap kwap kwap have a lot of paper loss or they begin to run already

Posted by ladzatz > 2013-11-27 09:50 | Report Abuse

free fall

Posted by banana86 > 2013-11-27 09:51 | Report Abuse

free water fall !!!!!!!!!!!!!

Posted by faralenz77 > 2013-11-27 09:51 | Report Abuse

hehehe, KWAP sudah pun mahu lari kuat kuat sebab rugi banysk besar loh.

Posted by ladzatz > 2013-11-27 09:53 | Report Abuse

kwap can simpan for 20 years...we cannot ma...may be sudah nyanyuk itu hari

Posted by alkop > 2013-11-27 09:56 | Report Abuse

early n mid morning mostly whole market in red especially penny n small cap n few try to rebound but little succeed...selling spree for contra kaki n cut loss by trader n margin player...let it be ..in pain n pleasure..just accept the market game..hope market recovering slowly into the afternoon closing at 5.00pm..hope gives life..so lets hope for gud

Posted by Darren Kho > 2013-11-27 10:00 | Report Abuse

Benalec no more hopes at the moment! Argument between directors plus bad quarter results.

Posted by Helena > 2013-11-27 10:01 | Report Abuse

Boooommmmm ~~ !!! ka boommmm ~~ !!

Posted by sheep > 2013-11-27 10:04 | Report Abuse

how low can it go?

Posted by allan88 > 2013-11-27 10:06 | Report Abuse

last hope is the Tanjong Piai project signing deadline next month.

Posted by Darren Kho > 2013-11-27 10:07 | Report Abuse

Bro sheep ,

No one can predict here! CSL from 1.20 to 0.19 now.

Posted by messi > 2013-11-27 10:08 | Report Abuse

Monitor dispute between Ben and Tua Choon & Ah Chye...how long will it drag on ?

Posted by Darren Kho > 2013-11-27 10:08 | Report Abuse

Bro allan88,

I have waited for tanjong Piai for few years but it keep delayed. I have no more confident on Benalec. There are many good counters out there!

Posted by alkop > 2013-11-27 10:10 | Report Abuse

not yet stabilising..perhaps until tomoro or friday...only opinion looking at the trend ..wit so many cut loss reduce hold margin...BUT u decide to contra.. i think shouldnt or to hold ..at this moment very critical...do ur calculation n read all posts here nrgative or positive ..tq

Posted by KC Loh > 2013-11-27 10:11 | Report Abuse

This is getting interesting....

Posted by alkop > 2013-11-27 10:20 | Report Abuse

many player now in distress bro...kc loh ur opinion to help members..tq

Posted by Darren Kho > 2013-11-27 10:20 | Report Abuse

Any opinion will be appreciated much! Thank you all for sharing info.

Happy Investing.

Posted by KC Loh > 2013-11-27 10:24 | Report Abuse

I have not read the report, but the quarterly results were not entirely unexpected. Chief most in my mind is maybe their land reclamation work has started?