Posted by ymtan > 2014-04-04 09:36 | Report Abuse

MAMMOTH PROJECT - Petronas’ US$16b development in Johor set for refinery start-up by early 2019
THE US$16 billion (RM53 billion) Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, Johor, will proceed as planned, ending concerns that the mammoth project will be scrapped due to the withdrawal of several

Benalec also related

Posted by qwertyuiop > 2014-04-04 09:54 | Report Abuse

just enter and take profit within months. choi san ye gives money , why dont take? haha

Posted by Kukuman > 2014-04-04 10:00 | Report Abuse

Up few cents doesn't mean it is not rubbish stock. Ofcourse, contra player will be very happy. Wait a minute... Where have contra players here, all here are die-hard long term investor. correct?

Posted by staind86 > 2014-04-04 10:13 | Report Abuse

Up how many cents only not a rubbish counter?

Posted by crawler > 2014-04-04 10:22 | Report Abuse

you just wait la..is not just few cents...watch don't talk rubbish..I will show you what it takes to turn rubbish into gold.

Posted by 8u29song > 2014-04-04 10:26 | Report Abuse

my info said pension fund still left 3,4 mil !!!

Posted by JXRepcoBuffet > 2014-04-04 11:22 | Report Abuse

soon, CIMB will issue a report... Slowly turning rubbish to sand.... then to Gold!

Posted by ymtan > 2014-04-04 12:09 | Report Abuse

come on la... Dont always condemn a stock that caused you loosing money... No doubt Ben stock price is still enveloped by previous scandal incident .. But try imagine if you are in the position of Ben boss, will you trying to do something to recover the reputation of the company ?? Or are you just grab the money from stock and run away ??
I believe the investors will still offering the 2nd chance, just a matter of time when a solid financial reports and more projects are awarded ...

Posted by m_faiza1 > 2014-04-04 12:35 | Report Abuse

2nd session, will rocket up...

Posted by powerwk > 2014-04-04 12:39 | Report Abuse

Just need to understand if leadership in Benalec are smart and dedicated to work out the plan and strategy for company future. If they are not then higher risk if they are so dedicate and work hard for a good strategy then our risk is lower and just the matter of time for those strategy to be implemented and harvest later. So we need to really understand the top management capability and their future plan.

Posted by zero > 2014-04-04 12:46 | Report Abuse

one thing we know, they are bad 'thieves' ;). that should be a good sign for investors. if they are truly professional swindlers, they wouldn't have done it so painfully obviously (buying co. registered under own name). so, to play contrarian here, Benalec might be a more transparent company than others out who bleed year after year for god-knows-why ;)

Posted by posby > 2014-04-04 13:14 | Report Abuse

@ all trader

be cautious..... today gain maybe trap... though the pengerang starting refinery @ 2019.... so becareful.....

is been a few times this counter actively trade during trading hours but end up close flat or slight 0.005 higher...

happy trading..(jus sharing my view)

Posted by Kukuman > 2014-04-04 13:38 | Report Abuse

Posby, most die hard fans here already trapped anyway. So no different. U can see only handful of them shouting here when they disagree with my view.
I do agree with your happy trading though. Play play can but forget about long term investment with this rubbish company.

Posted by crawler > 2014-04-04 13:53 | Report Abuse

why debate...is watch and time will tell :) I am so confident that this is flying...

Posted by SavvyOne > 2014-04-04 14:40 | Report Abuse

The safest place for Kukuman to be is the nearest lunatic asylum. When the share price is down, he is always the first one to say "I told you so"; when the price goes up, he says that the gain is too small to be significant. When some investors say that they are holding on to the shares, he claims that they are "trapped"! What utter hogwash! We should all be thankful that this guy has no part in running the country. If he was to sit for an exam he would fail miserably because he does not have one iota of logic in his entire body, let alone the brain.

Posted by Kukuman > 2014-04-04 15:09 | Report Abuse

I can feel your anger....

Posted by SavvyOne > 2014-04-04 15:25 | Report Abuse

You are right, I just can't stand people who open their mouths so they can put their feet inside!

Posted by crawler > 2014-04-04 15:35 | Report Abuse

you guys are too free.. why debate...watch la

Posted by jenabchen123 > 2014-04-04 16:04 | Report Abuse

If the "thieves" still holding significant shares, they could be the weakest link in pushing Benalec price to move up. Some invincible hands can threat them and squeeze them to sell low for these people to buy cheap. If only there are still possibility that these "thieves" have commit criminal wrongdoings in the eyes of regulators.

Posted by crawler > 2014-04-04 16:09 | Report Abuse

look at pantech la... moving full steam ahead..benalec will follow in even a bigger pace

Posted by wploun > 2014-04-04 16:34 | Report Abuse

Today volume huge & road block at 0.92, potentially next week will drop below 0.85

Posted by viktor2u > 2014-04-04 17:10 | Report Abuse

See below link, who will get benefit from Pengerang project.

Posted by viktor2u > 2014-04-04 17:10 | Report Abuse

http://klse.i3investor.com/blogs/race/49553.jsp

Posted by Kukuman > 2014-04-04 17:12 | Report Abuse

Posted by Kukuman > Mar 19, 2014 05:38 PM | Report Abuse
Let mark today. Now 0.92 cent. Let see when you will gloat. (Day 1)

21/3/2014 (Day 3) : 0.935
25/3/2014 (Day 7) : 0.920
26/3/2014 (Day 8) : 0.920
27/3/2014 (Day 9) : 0.900
28/3/2014 (Day 10) : 0.900
01/4/2014 (Day 14) : 0.890
02/4/2014 (Day 15) : 0.890
03/4/2014 (Day 16) : 0.885
04/4/2014 (Day 17) : 0.905

I am tracking this rubbish company share performance.

Posted by jala17 > 2014-04-04 17:15 | Report Abuse

FID for pengerang project already announce by petronas...Benalec will get the benefit...just wait and see..

Posted by jenabchen123 > 2014-04-04 17:49 | Report Abuse

Yeehaaa!!!!!

Posted by posby > 2014-04-04 19:36 | Report Abuse

Hahah... 2019... So u expect benalec when will start its work.. While
Now market capitalisation is more den its annual turnover.. Worth to buy!!! Think about it.. Don fall in Buaya Trap... Market Cap VS annual turnover

Posted by Kukuman > 2014-04-04 20:34 | Report Abuse

Posby, i dont get you. Can buy or not

Posted by posby > 2014-04-04 21:59 | Report Abuse

Hahah... Would u buy a revenue company lower den a market cap??? How potential it is!!!

Posted by posby > 2014-04-04 22:00 | Report Abuse

Assuming per quarter approx 100m.. X 4 quarter = 400mil ... Market cap .. Almost 720mil... More den 80%

Posted by BEN_168 > 2014-04-04 22:20 | Report Abuse

He mean buy if put a simple word to said

Posted by imoogi99 > 2014-04-07 10:09 | Report Abuse

Hmmm...interesting way of looking at revenue versus market cap. Public bank revenue of RM15bil but market cap RM50bil...not a good counter to buy???? Genting RM17.1bil and market cap RM36.45bil....not a good counter to buy????

Posted by posby > 2014-04-07 13:54 | Report Abuse

very gud question..... pls compare within industry...don compare with diff industry....

Posted by crawler > 2014-04-07 16:56 | Report Abuse

still standing firm :)

Posted by powerwk > 2014-04-07 21:35 | Report Abuse

This week movement will confirm if standing firm :-)

Posted by scottybang > 2014-04-07 22:26 | Report Abuse

thanks all the valuable commentor here before i step into this counter

Posted by balvin71 > 2014-04-08 08:46 | Report Abuse

I have never heard of looking at revenue vs market cap as a way to evaluate stocks. There are so many good stocks where the market cap is higher than the annualized revenue; not only in various industries but across the globe in various markets. I disagree with posby comments and agree with imoogi99 analysis.

Posted by taciturn > 2014-04-08 09:34 | Report Abuse

balvin71: http://en.wikipedia.org/wiki/Price%E2%80%93sales_ratio

This should be used strictly as a comparison tool versus companies in the same industry/sector. (There's an assumption that profit margins will be roughly the same amongst companies within the sector)

However as a measurement tool this doesn't really work in Malaysia. There are no real listed peers to compare Benalec against. Firms like Muhibbah only have a small portion of their revenue coming from land reclamation. Any comparison is pointless.

Only useful if Inai Kiara or See Yong & Sons decide to list one day.

Posted by balvin71 > 2014-04-08 09:58 | Report Abuse

Thank you taciturn, looks like I learned something new today.

Posted by jenabchen123 > 2014-04-08 10:16 | Report Abuse

Benalec is on its own category.

Posted by zero > 2014-04-08 10:33 | Report Abuse

closest listed proxy is HSL which is a strictly Sarawak counter i believe?

Posted by Kukuman > 2014-04-08 10:34 | Report Abuse

How's this rubbish company doing today? same old story

Posted by crawler > 2014-04-08 12:02 | Report Abuse

rubbish stock is going to turn into gold soon :) you just watch la rubbish collector

Posted by crawler > 2014-04-08 12:04 | Report Abuse

and please track carefully the price moving up ya :)

Posted by crawler > 2014-04-08 12:05 | Report Abuse

Give you all another tips..buy kimlun before is too late

Posted by taciturn > 2014-04-08 12:20 | Report Abuse

zero: It's rather difficult to compare against HSL. Whilst they do some marine construction (wharves, jetties, and land reclamation), a major part of their revenue also comes from general construction work (roads, buildings, drainage) and property development.

This is vis a vis Benalec where you can say 85-90% of their revenue is to do with marine construction, and almost all of it involving land reclamation.

Whilst comparing them is not strictly apples vs oranges, it can be said it's like comparing washington apples with fuji apples. :p Margins for different segments vary.

And of course a major construction firm relies on continuous progress payments (contract works, property) compared to Benalec which has lumpy payments (land sales for it's reclamation works in-kind payments).

Posted by zero > 2014-04-08 14:02 | Report Abuse

taciturn: thanks - enlightening as always ;) HSL has much better financials too, I have to say

Posted by crawler > 2014-04-08 14:59 | Report Abuse

lets see if you still of the same opinion when tanjung piai agreement with 1MY Strategic oil terminal is seal soon.

Posted by crawler > 2014-04-08 15:02 | Report Abuse

come to me baby..drop more if you can :)

Posted by taciturn > 2014-04-08 15:35 | Report Abuse

zero: Most welcome. And ha, very true. Check out executive compensation for HSL vis a vis Benalec if you have the time. That's something I think which is very good on HSL's part.