BENALEC HOLDINGS BERHAD

KLSE (MYR): BENALEC (5190)

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Last Price

0.11

Today's Change

0.00 (0.00%)

Day's Change

0.105 - 0.11

Trading Volume

839,200


46 people like this.

13,787 comment(s). Last comment by MrXYZ 8 hours ago

Posted by Nelson Chua > 2017-09-19 18:48 | Report Abuse

Can u guy tell me that what this announcement about actually???

djibaok

1,183 posts

Posted by djibaok > 2017-09-19 18:52 | Report Abuse

It's about selling all your underwear to buy this stock lahhhhh. A sure winner lahhhh.

King7

459 posts

Posted by King7 > 2017-10-03 18:00 | Report Abuse

http://www.chenghocity.com/web/map/global_files/images/fullmap.pdf

Look at the unsold plot.. how potential if the land converted to $$$.

GGecko

1,937 posts

Posted by GGecko > 2017-10-10 10:58 | Report Abuse

benalec's slowly waking up from its slumber.. this is one of the stocks to watch for the construction theme play -- budget 2018 & GE 14

B4b4

7,596 posts

Posted by B4b4 > 2017-10-10 15:13 | Report Abuse

Good stock to buy and keep. Excellent business model and good potential for growth

B4b4

7,596 posts

Posted by B4b4 > 2017-10-10 15:14 | Report Abuse

Try Inix , almost the same business model as Benalec.

Hornet

44 posts

Posted by Hornet > 2017-10-11 15:51 | Report Abuse

Brotherly love and high remuneration continue forever....brothers all happy....shareholders money all down the drain....

King7

459 posts

Posted by King7 > 2017-10-12 13:57 | Report Abuse

Like that ah Hai can continue make money ...

Posted by eddieleong84 > 2017-10-16 13:38 | Report Abuse

Will ben rises like iwcity....like last time

Posted by tradewin > 2017-10-24 20:31 | Report Abuse

No

cutie

1,690 posts

Posted by cutie > 2017-10-31 14:36 | Report Abuse

The Board of Directors (“the Board”) of Benalec Holdings Berhad ("Benalec" or "the Company")
wishes to announce that Sentosacove Development Sdn Bhd (Company No. 825663-A) (“Vendor
A”), Oceanview Realty Sdn Bhd (Company No. 898879-K) (“Vendor B”) and Strategic Cove Sdn
Bhd (Company No. 898838-A) (“Vendor C”) (collectively known as the “Vendors”), all of which
are wholly-owned subsidiaries of Benalec Sdn Bhd (“BSB”), which in turn is a wholly-owned
subsidiary of Benalec had on 30 October 2017 entered into a sale and purchase agreement with
Titanium Hallmark Sdn Bhd (Company No. 941703-V) (“THSB” or the “Purchaser”) (“SPA”) for
the disposal of lands measuring approximately 216,427 square meters located at Pekan Klebang,
Seksyen III, Daerah Melaka Tengah, Negeri Melaka (“Lands”) (“the Disposal”) for a total
consideration of RM100,172,739.16 (“Total Disposal Consideration”).

cutie

1,690 posts

Posted by cutie > 2017-10-31 14:38 | Report Abuse

good news???

GGecko

1,937 posts

Posted by GGecko > 2017-10-31 14:47 | Report Abuse

Benalec Holdings Bhd expects to realise a net gain of RM24.7mil from the sale of 216,427 sg metre of land in Pekan Klebang, Melaka to Titanium Hallmark Sdn Bhd. The company, which specialises in lad reclamation, said on Tuesday it had signed a sale and purchase agreement to sell the land for RM110mil. The land is leasehold and expires in 2115 and would be fore commercial buildings only. “Proceeds arising from the disposal are intended to be used to finance the company’s on-going reclamation projects and to meet the company’s working capital requirements,” it said.

Benalec said proceeds from the sale wouuld be utilised within 12 months. “The disposal provides an avenue for Benalec to monetise and crystallise the value of its landbank; while at the same time, improve the cash flow of the company,” it said. The directors of Titanium Hallmark are Lim Bee Wan, Audrey Yap Yee Siew and Leong Seng Hoong.

Read more at http://www.thestar.com.my/business/business-news/2017/10/31/benalec-to-realise-net-gain-of-rm24pt7m-from-land-sale/#i6K6sHkFkRfOD7tW.99

cutie

1,690 posts

Posted by cutie > 2017-10-31 15:54 | Report Abuse

now people start reading this now....may go up later

GGecko

1,937 posts

Posted by GGecko > 2017-10-31 15:57 | Report Abuse

people who have access to online news & this forum may b looking at BENALEC as we speak. those who only read hard print news will read it tomoro morning. i'd prefer reading tomoro's news today & make informed decision

latif11

225 posts

Posted by latif11 > 2017-10-31 16:59 | Report Abuse

almost same name like Ben Graham the mentor of legendary investor of Warren Buffet

Posted by Smallfishhatesshark > 2017-10-31 18:43 | Report Abuse

Still holding so many land banks
Profit margin 25%
NTA 78 CENT
current price 0.43
Undervalued gao gao

goofy8020

36 posts

Posted by goofy8020 > 2017-10-31 18:50 | Report Abuse

Benalec to gain RM24.7m from land sale: Benalec Holdings Bhd expects to realise a net gain of RM24.7mil from the sale of a 216,427 sq metre land in Pekan Klebang, Melaka, to Titanium Hallmark Sdn Bhd for RM110mil. — StarBiz

The Disposal is expected to realise a net gain of RM24.7 million representing earnings per
share of approximately RM0.03. Benalec’s NA per share will increase from RM0.77 to
RM0.80 (after accounting for the gain on the Disposal) based on Benalec’s total issued
share capital of 799,097,100 ordinary shares (excluding 12,705,400 treasury shares) as
at 30 June 2017. The Disposal will not have any effect on Benalec’s gearing.

cutie

1,690 posts

Posted by cutie > 2017-10-31 20:12 | Report Abuse

financial quarter after deal is done will be good....might spike up

GGecko

1,937 posts

Posted by GGecko > 2017-11-01 07:34 | Report Abuse

net assets per share will increase from 77 c to 80 c after the disposal. share price is only 43 c. wont b at this price by early next year

GGecko

1,937 posts

Posted by GGecko > 2017-11-01 09:06 | Report Abuse

walao.. strong buying for BENALEC, havent seen this for quite some time

Posted by Ah Kow, Ali dan Muthu > 2017-11-01 09:37 | Report Abuse

October 31, 2017 15:42 pm MYT



KUALA LUMPUR (Oct 31): Benalec Holdings Bhd is selling seven plots of leasehold land measuring 216,427 sqm at Klebang, Melaka, for RM100.17 million cash.

In a filing today, Benalec said its three indirect wholly-owned subsidiaries — Sentosacove Development Sdn Bhd, Oceanview Realty Sdn Bhd and Strategic Cove Sdn Bhd — entered into a sale and purchase agreement with the purchaser Titanium Hallmark Sdn Bhd for the disposal.

Under the deal, Benalec expects to realise a net gain of RM24.7 million representing earnings per share of about 3 sen apiece.

Proceeds from the land sale, Benalec said, will be used to finance its ongoing reclamation projects and to meet its working capital requirements.

"The disposal is in the ordinary course of business of Benalec.

"The disposal provides an avenue for Benalec to monetise and crystallise the value of its landbank while at the same time, improve the cash flow of the company," it added.

At 3.12pm, shares of Benalec rose 3.57% or 1.5 sen to 43.5 sen, giving it a market capitalisation of RM331.62 million.

Posted by Smallfishhatesshark > 2017-11-01 09:38 | Report Abuse

UOB kay hian gives target price 0.545 or 0.585..hopefully can hit!

GGecko

1,937 posts

Posted by GGecko > 2017-11-01 09:38 | Report Abuse

ok ah kaw ali n muthu..

GGecko

1,937 posts

Posted by GGecko > 2017-11-01 09:39 | Report Abuse

yes

Posted by Smallfishhatesshark > 2017-11-01 09:47 | Report Abuse

NTA 80...can keep long long

GGecko

1,937 posts

Posted by GGecko > 2017-11-01 09:49 | Report Abuse

yes NTA 80 c,seriously undervalued stock

LilyLL

661 posts

Posted by LilyLL > 2017-11-01 11:02 | Report Abuse

Last time I buy 0.560 lah

LilyLL

661 posts

Posted by LilyLL > 2017-11-01 11:03 | Report Abuse

I think keep until next year still cannot hit 0.560 lah

Ryanteh

54 posts

Posted by Ryanteh > 2017-11-01 11:13 | Report Abuse

buy ALAM really undervalued stock NTA RM0.68 now cheap sale RM0.21 buy.........

Ryanteh

54 posts

Posted by Ryanteh > 2017-11-01 11:49 | Report Abuse

BJCORP really really undervalued stock NTA RM1.70 now RM0.33 can buy for keep long time invest.......

Posted by Smallfishhatesshark > 2017-11-01 15:04 | Report Abuse

johor got 2 projects jv with royal families..have to be patient l guess

michaelwong

3,072 posts

Posted by michaelwong > 2017-11-01 20:55 | Report Abuse

Proposal for share buy back from shareholders in the coming AGM. A good sign to prove the share price is undervalued.Just be patient for the big picture including the disposal of land bank to be realistic for substantial input channel to the company to further utilised to offset its financial programs. Just hold to sustain more profits rather than to buy and sell down with limited profits.

GGecko

1,937 posts

Posted by GGecko > 2017-11-01 21:00 | Report Abuse

yes michael, thumbs up

pretty_life

4,810 posts

Posted by pretty_life > 2017-11-01 21:08 | Report Abuse

New project to announcement soon...get ready huat at

willc48

723 posts

Posted by willc48 > 2017-11-03 09:58 | Report Abuse

SC & Bursa should come out & reprimand Benalac Directors for keep releasing unfavorable & negative news like selling off land and unlikely then go to PN17. Also since it is a listed company, the family & related family members should be allowed to hold more than 50% total shares. Its a shame to bring internal family issues & created nonsense to company value & other shareholders. Stop playing dirty tactics to buyback shares at dirt price & then push it up again.

Posted by Smallfishhatesshark > 2017-11-03 11:48 | Report Abuse

Selling of land is considered negative news? Do u know how many lands ben has?? This is why this marine construction is so valuable..they should sell more or develop themselves..

Kukuman

2,118 posts

Posted by Kukuman > 2017-11-08 21:27 | Report Abuse

I already said long long time ago... this is stupid company

Kukuman

2,118 posts

Posted by Kukuman > 2017-11-08 21:28 | Report Abuse

There is one idiot always argue this is bloody good company. Telling all to invest extra long term with this company. I think he/she no longer exist in this space

Kukuman

2,118 posts

Posted by Kukuman > 2017-11-08 21:31 | Report Abuse

Happyvincent is such a good person never stop reminding people of this company continues conning people

Posted by tradewin > 2017-11-13 18:05 | Report Abuse

It will break 40sen and go-to 20sen

Posted by tradewin > 2017-11-13 18:06 | Report Abuse

Down down down...One way only

King7

459 posts

Posted by King7 > 2017-11-17 12:16 | Report Abuse

OIL & GAS UP... AH HAI STANDING DIE..

Hornet

44 posts

Posted by Hornet > 2017-11-17 16:32 | Report Abuse

If brother already cannot trust brother in Benalec.....do you think you still can trust them?

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