No need so hurry to buy back la Market over heat with huge volume start from 3 B to toady 6 B some stock are start falling from peak and overbrought with bearish divergence , waiting for sell signal to be triggered , expect huge correction on its way !!!!
on 10/3/17 there was an article stating "Benalec limit up" but sadly after that it has been coming down - all the way down. Read today's STAR - this is a typical example of a "pump and dump" counter.
it's not 'pump and dump' counter, it just doing a retracement, if you know how to use 'fibonacci retracement level' on chart you know what im talking about, what do you expect on this counter or any other counters? everyday fly high without retracement? like that?
300 acre lanbank to be reclaim(melaka)=assume RM30 psf,should worth RM392m
*2334 acre(tanjung piai,to be reclaim in 10-15 year)=assume RM30 psf,should worth RM3.05billion. with 20% margin,benalec should earn RM600m profit or asset worth.
*1122 acre(pengerang,to be reclaim in 10 year)=assume RM50 psf(land price in pengerang is much higher),should worth RM 2.44billion. with 20% margin,benalec should earn RM488m profit or asset worth.
*67% of total reclaimed acre,which is after deduct 21% interest own by Crown Prince of johor,Tunku Ismail Idris,9% own by Daing A Malek and 3% own by johor government.
my conclusion:benalec is an very valuable company,if you decide to buy at current price,then you should not sell it with 20-30% return,cos at RM2.035b.SOP of its reclaimation business alone should worth RM2.5 per share.if we add on other valuable asset like 93 vessel fleet,business value,shipyard etc,SOP might be above RM3.
the major risk is,benalec had to pump in billions of capital into tanjung piai and pengerang project's project for next 10-15year.so if they not able to find suitable investor for reclaimed land,then cash flow be tight in long term.
however,due to benalec only sell at 54cen,risk to reward is very attractive.with downside of only 20-25% and upside of few hundred %.
personally,i wil only buy when benalec break 62.5cen,which is the major resistance to curb further rally.
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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....
BrahmaBull
163 posts
Posted by BrahmaBull > 2017-03-20 23:20 | Report Abuse
Tomorrow will start new wave OR drop to 0.500, last drop at 0.500, don't think it will drop more then that..new wave is near