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
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?
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 ...
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.
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 ;)
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.
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.
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.
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
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????
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.
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.
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).
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.
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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
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