This company is the worst example of major shareholders comprising of family members figthing each other while squeezing the rights and benefits of small shareholders.
Last time sohai got 1 relative working for him. He is good guardian and capable, unfortunately, sohai kicked his own relative out. After that, this company starts to head southern exactly to southern part
Already 8 years egg also did not come out. Still believe in Tanjung Piai and Pengerang? Vincent Leaw already 58 old. You think he can create miracle? Another 5 years no more energy.
Seng dont want to come back. Jean always play. Lin as woman wanna take over company and once married, let husband not Leaw surname to take over Leaw family business. Shame to founder.
baru-baru ini, Benalec telah menandatangani satu Memorandum Persefahaman yang melibatkan tiga pihak iaitu Benalec, sebuah syarikat konglomerat kewangan antarabangsa yang mendapat sokongan negeri, dan juga sebuah syarikat minyak utama terbesar dunia. Ketiga-tiga pihak ini sedang menjalankan kajian kemungkinan (“feasibility study”) serta terikat dalam perbincangan secara eksklusif bagi tujuan membina kemudahan penyimpanan tangki pertama yang akan dibangunkan di Plot 1 iaitu 100 ekar pertama di TPMIP ini, dikenali sebagai Tanjung Piai Oil Terminal, (TPOT). Syarikat konglomerat kewangan yang namanya tidak dapat didedahkan kerana tertakluk kepada syarat dalam Memorandum Persefahaman yang telah ditandatangani, akan menjadi pemegang saham majoriti projek TPOT, selain pengendalian serta penjenamaan juga adalah di bawah tanda dagangan syarikat ini. Syarikat minyak utama tersebut pula bercadang untuk menyimpan sehingga 1 juta meter padu (m3) minyak di TPOT yang akan dibina di atas Plot 1 TPMIP.
Menjelang akhir tahun ini, sekiranya semua pihak mencapai persefahaman, satu syarikat usaha sama akan ditubuhkan di antara Benalec dan syarikat konglomerat kewangan dan syarikat usaha sama ini akan menjadi penyewa/pembeli kepada Plot 1 iaitu 100 ekar pertama tanah di TPMIP daripada SKSB. Syarikat usaha sama tersebut akan membina terminal penyimpanan cecair pukal di atas Plot 1 di TPMIP ini, bagi kegunaan syarikat minyak utama tersebut.
Selain itu, pemaju projek juga sedang giat berbincang dengan beberapa pihak pelabur yang berminat dari beberapa buah negara termasuk dari Singapura, China, Eropah dan juga UAE bagi plot-plot tanah lain di TPMIP. Dengan sambutan yang diperolehi, pemaju projek melalui Perbadanan Setiausaha Kerajaan Johor (SSI) telah mengemukakan permohonan untuk mewujudkan Zon Perdagangan Bebas (FCZ) dan Zon Perindustrian Bebas (FIZ) untuk TPMIP kepada pihak Kementerian Kewangan Malaysia (MOF) dengan harapan pewartaan TPMIP sebagai kawasan FCZ dan FIZ akan menarik minat lebih ramai pelabur dari seluruh dunia agar melabur di TPMIP.
Projek penambakan laut bagi tujuan Taman Perindustrian Maritim Tg Piai “Tg Piai Maritime Industrial Park, (TPMIP) yang diusahakan oleh Spektrum Kukuh Sdn Bhd (SKSB) iaitu anak syarikat Benalec Sdn Bhd (Benalec) merangkumi kawasan seluas 3,485 ekar yang dibahagikan kepada tiga (3) fasa sebagaimana berikut: a) Penambakan TPMIP Fasa 1 berjumlah 1,080 ekar; b) Penambakan TPMIP Fasa 2 berjumlah 1,008 ekar; c) Penambakan TPMIP Fasa 3 berjumlah 1,411 ekar. TPMIP akan ditambak secara berperingkat dan jangka masa penyiapan bagi setiap fasa untuk keseluruhan projek berkeluasan 3,485 ekar ini adalah tertakluk kepada permintaan komersial. Kerja-kerja penambakan laut telah pun dimulakan pada awal bulan Disember 2015 yang lalu dan setakat ini hampir dua ratus (200) ekar daripada kawasan dalam Fasa 1 iaitu Plot 1 telah ditambak. Kerja-kerja penambakan tambahan juga telah dilaksanakan bagi sebahagian kawasan yang telah ditambak iaitu di atas kawasan seluas 100 ekar dan kini sedang dalam tempoh menunggu bagi kawasan yang ditambak untuk mencapai tahap pengukuhan tanah (“soil consolidation”) yang telah ditetapkan sebelum kerja-kerja membawa keluar surcaj dan kerja-kerja pembinaan struktur pencegah hakisan dapat diteruskan. Dengan kemajuan kerja yang telah ditunjukkan ini, sambutan yang diperolehi adalah lebih serius dan menggalakkan daripada pasaran dan pelabur dalam sektor petroleum
Directors’ Remuneration of Benalec Holding VS Muhibbah Engineering (M) Bhd.
2016 Benalec Holding Directors’ Remuneration. From 2016 annual report. They boast that BENALEC management has been very transparent about it. No. of Directors - 6 RM150,000 to RM200,000 – 2 Independent Non-Executive Directors RM200,001 to RM250,000 - 1 Independent Non-Executive Director RM250,001 to RM300,000 -1 Executive Director RM450,001 to RM550,000 -1 Executive Director RM7,000,001 to RM7,500,000 -1 Executive Director
Muhibbah Engineering (M) Bhd Directors’ Remuneration. The number of Directors whose total annual remuneration falls within the following bands is as follows:- No. of Directors - 9 Below RM100,000 – 3 Independent Non-Executive Directors RM150,001 to RM200,000 – 1 Independent Non-Executive Director RM800,001 to RM850,000 - 1 Executive Director RM850,001 to RM900,000 - 1 Executive Director RM900,001 to RM950,000 - 1 Executive Director RM1,150,001 to RM1,200,000 - 1 Executive Director RM1,450,001 to RM1,500,000 - 1 Executive Director
2015 Directors’ Remuneration of Benalec Holding VS Muhibbah Engineering (M) Bhd.
2015 Benalec Holding Directors’ Remuneration. From 2015 annual report. They boast that BENALEC management has been very transparent about it. No. of Directors - 4 RM150,000 to RM200,000 – 2 Independent Non-Executive Directors RM200,001 to RM250,000 - 1 Independent Non-Executive Director RM6,200,001 to RM6,250,000 -1 Executive Director
Muhibbah Engineering (M) Bhd Directors’ Remuneration. The number of Directors whose total annual remuneration falls within the following bands is as follows:- No. of Directors - 11 Below RM50,000 – 2 Independent Non-Executive Directors RM50,001 to RM100,000 – 3 Independent Non-Executive Directors RM100,001 to RM150,000 - 2 Independent Non-Executive Directors RM700,001 to RM750,000 - 1 Executive Director RM1,000,001 to RM1,050,000 - 2 Executive Directors RM1,250,001 to RM1,300,000 - 1 Executive Director
The remuneration package paid to Benalec Holdings Bhd’s group managing director Datuk Leaw Seng Hai, which has been labelled “excessive”, has roused the ire of some minority shareholders.They claimed that Leaw’s remuneration ranges between RM7.5 million and RM8 million in the group’s financial year ended June 30, 2014 (FY14), which is comparable to Benalec’s full-year net profit that year, which was RM7.12 million. https://www.theedgemarkets.com/article/benalec-md%E2%80%99s-remuneration-questioned
Conman Conman Conman Conman Conman Conman Conman Conman Conman Don't buy this company share He sapu all the company money into his own pocket, left only debt to the investors.
Who say no buy.I recommend buy base on TA chart.Please read as below.The trusted name;
Cash flow more than borrowing by few times.I was surprise how come such a company can worth 15 cent.Upgrade it to buy.Worst case scenario 23-26 cent.But as more earning come out from project over 30 cent possible with best case scenario over 30 cent with range of 32-35 cent.
This company is screwed. I wonder where is he now, the Extra Long Term Promoter, who promotes this company shamelessly. Happyvincent, remember we fought tooth and nail with that idiot... Pity
I put rm 25k of Benalec at 16 cents.Confirm.Monthly and weekly chart hook up.Reason buying because PH government need Sultan of Johor to get support to maintain Johor in PH.So it need to push up the price to pacify Johor region.
Nta 71 cent when shares prices 15-16 cent.Please use the head.Got land reclaimation worth 400 over million not recognized till there sold(new account standard).
In an environment of cutting costs,what Benalec had Its reclaimation of land near In Johor territory.What Johor had is Pengerang 30 billion USD petrochemical complex.Do others need land to support Pengerang.Some-more Singapore land look expensive.So its may need land from Benalec since not far from Singapore which also involve like Pengerang petrochemical complex but far more bigger then Pengerang.
After looking at the chart my worst case scenario Tp 23-26 cent look possible.Weekly chart looks overbought(but without major upward and with high volume yet).Monthly chart hooking up(after stay oversold for a while).So the upward still intact.
One-more thing the news already gone into the shares prices.Some-more NTA of 71 cents with shares prices of 15 cents.Can be a target of takeover,or new shareholder snapping up the shares for long term(like PNB,Tabung Haji,KWSP and maybe insurance and investment firm).Its so cheap.
Benalec terminates Melaka land sale deal with Titanium. Benalec, on Oct 30, 2017, had entered into a sale and purchase agreements (SPA) to sell seven parcel of leasehold land, totalling 216,427sqm in Pekan Klebang, Melaka to Titanium Hallmark Sdn Bhd for RM100.17mil.
Excuse me,the new accounting standard does not recognized the transaction till there sell it.Do there sell it?No.But terminates the contract(due to buyers cannot pay after several extension).Second monthly chart,overly oversold(stay there for 1 years plus).Weekly hooking up(but without big upward).The 3 people there if no good I will not buy rm 25k in Benalec at 16 cents.
Benalec blog: Posted by Michael Kwok > Dec 5, 2019 6:16 PM | Report Abuse
Who say no buy.I recommend buy base on TA chart.Please read as below.The trusted name;
Cash flow more than borrowing by few times.I was surprise how come such a company can worth 15 cent.Upgrade it to buy.Worst case scenario 23-26 cent.But as more earning come out from project over 30 cent possible with best case scenario over 30 cent with range of 32-35 cent.
Willpush it will up for Yong Tai also in my coverage.Please check my comment side in my name.Benalec Unbilled more than Yong Tai.400 over million for Benalec.Singapore have limited land for oil and oil related company to store.Similarly Singapore land is expensive.One more thing Malaysia do not have oil reserve for 3-6 mônth in case of ......So it's need Benalec land.
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Posted by limko1 > 2019-10-28 14:24 | Report Abuse
This company is the worst example of major shareholders comprising of family members figthing each other while squeezing the rights and benefits of small shareholders.