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.
Waiting for long open morubozu candlestick, or some good news for this company..last drop must be 30% below from ipo price, if cant move up then bursa will give loving letter..dont catch the knife..wait for the ballon,,,
the employees also lost the value of ESOS shares granted. And yet the company is doing nothing for the sake their employees. By the way does anyone know what project they are having in Johor? They are hiring engineers to work in Johor
when directors 'eat' money then its company shares will drop like hell. Once the sacred trust bond between directors & shareholders is broken, then the company will have a hard time to get loyal investors. Investors are not stupid as what the company directors think.
if I am not wrong IPO price was rm1. means every shareholder of benalec is in loss now? if u had a look at CIMB report back in july, they are very bullish about this company even without pengerang project.
i went thru last quater audited report and found that Ben fundamental not that bad.i advise those intend for holding long term shall go thru annual report and study carefully.i believe Ben still have breath to survice in long term.i will buy in start by next week if selling pressure is slow down.good luck to all!!!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
blackmental88
20 posts
Posted by blackmental88 > 2013-11-28 14:00 | Report Abuse
ni perangkap ke atau peluang?? mcm best je nk beli...