Posted by willpush > 2020-02-28 18:53 | Report Abuse

BENALEC HOLDING Consolidated results for the financial period ended 31 Dec 2019.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3029463

Posted by Michael Kwok > 2020-02-28 21:36 | Report Abuse

Please see the last 2 quarter result.Gross profit margin increase to 30 percent from 20 percent.Got 240 million revenue not yet recognized.The large losses due to impairment of assets of 22-26 millions for the last quarter.Impairment of plant,property and equipment 12 million last quarter.

Posted by Michael Kwok > 2020-02-28 21:40 | Report Abuse

Look like financial year 31 December 2020 should be on clean slate of health due to few years of impairment.Expect 10-20 million net profit.

Posted by Michael Kwok > 2020-02-29 20:41 | Report Abuse

The new prime minister from Johor.Lol.Hope good thing for Johor company.Benalec ripe for takeover.Some-more the 2 new projects in Johor got approval to start either joint ventures or stand alone.

Posted by benteo78 > 2020-02-29 23:57 | Report Abuse

I have invested this company for a yr....a bit worry on its current financial health....as there are not transaction going on

Posted by benteo78 > 2020-02-29 23:57 | Report Abuse

anyone here have any updated info regarding their Melaka land sales and Johor?

Posted by benteo78 > 2020-03-01 01:36 | Report Abuse

just wonder the unbill sales of 144million...has the money already paid to company or haven't?

Posted by benteo78 > 2020-03-01 01:37 | Report Abuse

or spa signed and pending completion then buyer start paying..

Posted by Michael Kwok > 2020-03-01 13:01 | Report Abuse

Ben,already explàin up there.Please go to class.

Posted by Michael Kwok > 2020-03-01 13:11 | Report Abuse

Land reclaimation in progress 420 million,unbilled sales 240 million.

Posted by benteo78 > 2020-03-01 14:47 | Report Abuse

could it be any case like Melaka land deal? land deal can cancel anytime...


boss salary for yr 2019

Posted by benteo78 > 2020-03-01 14:47 | Report Abuse

any ideal for the boss salary for 2019?

Posted by benteo78 > 2020-03-01 14:48 | Report Abuse

use to be 8million per yr. ...then 6million

Posted by Michael Kwok > 2020-03-01 20:41 | Report Abuse

Wht price u buy?If 60 above I can't help.

Posted by Michael Kwok > 2020-03-01 20:53 | Report Abuse

If u buy 18-22 cents then is easier.In 6 month(best case scenario) and 24 month(worst case scenario) I'm sure will go above 30 cents.Please losses due to impairment (please see my post on 28/2/20)

Posted by Peter2357 > 2020-03-01 21:19 | Report Abuse

buy some to average down cos the price is the lowest now.

Posted by Michael Kwok > 2020-03-02 10:18 | Report Abuse

The PM from Pagoh,Johor.

Posted by benteo78 > 2020-03-02 14:11 | Report Abuse

so? does it help?

Posted by benteo78 > 2020-03-02 14:11 | Report Abuse

my cost is Ard 0.25

Posted by benteo78 > 2020-03-02 14:11 | Report Abuse

lose more than 50%

Posted by benteo78 > 2020-03-02 14:37 | Report Abuse

I m so sad and my investment went sour

Posted by FoolsGold > 2020-03-02 14:42 | Report Abuse

you took a bet on a loser, its either win or lose , what made you think will sure win ??

Posted by benteo78 > 2020-03-02 18:23 | Report Abuse

now I regret

Posted by benteo78 > 2020-03-02 19:00 | Report Abuse

the company really so bad shape?

Posted by Michael Kwok > 2020-03-02 23:56 | Report Abuse

Ben,sometimes nothing to worry.25 cents not a problem.Maybe need to wait.Ask urself this question do you believe on this company?U know Wht it drop from Rm 1.50 to now 12 cents.

Posted by Michael Kwok > 2020-03-03 00:03 | Report Abuse

25 cents it's 83 percent discount...Me 86-88 percent discount(16 cents worth rm 25k).Please nothing to worry.If bought above 60 cents it will take 2-3 years to reach.But above 30 cents will take 6 months(best case scenario).Some-more PM from Johor.Have feeling it will jumps to my target price.Stock will not drop forever.

Posted by Michael Kwok > 2020-03-03 00:34 | Report Abuse

Losses due to impairment.Not operational loss for few years.Please see my post on 28/2/20.

Posted by Michael Kwok > 2020-03-03 00:37 | Report Abuse

Please read;

Posted by Michael Kwok > Feb 28, 2020 9:36 PM | Report Abuse X

Please see the last 2 quarter result.Gross profit margin increase to 30 percent from 20 percent.Got 240 million revenue not yet recognized.The large losses due to impairment of assets of 22-26 millions for the last quarter.Impairment of plant,property and equipment 12 million last quarter.


Michael Kwok
1426 posts
Posted by Michael Kwok > Feb 28, 2020 9:40 PM | Report Abuse X

Look like financial year 31 December 2020 should be on clean slate of health due to few years of impairment.Expect 10-20 million net profit.


Michael Kwok
1426 posts
Posted by Michael Kwok > Feb 29, 2020 8:41 PM | Report Abuse X

The new prime minister from Johor.Lol.Hope good thing for Johor company.Benalec ripe for takeover.Some-more the 2 new projects in Johor got approval to start either joint ventures or stand alone.

Posted by Michael Kwok > 2020-03-03 10:55 | Report Abuse

NTA 66 cents.Price 12 cents.Wht to scare.

Posted by benteo78 > 2020-03-03 15:58 | Report Abuse

I am a bit discouraged with the boss salary...

Posted by benteo78 > 2020-03-03 15:58 | Report Abuse

he take big pay and shareholder are suffering

Posted by benteo78 > 2020-03-03 15:59 | Report Abuse

hope he realised this and try to do something about it and maximise shareholder value

Posted by benteo78 > 2020-03-03 16:00 | Report Abuse

according to their quarter report is very positive but somehow the share price doesn't reflect that

Posted by benteo78 > 2020-03-03 16:01 | Report Abuse

the positive comment in Thier quarter report since 2019....however, no good news yet and really completed the spa

Posted by Michael Kwok > 2020-03-03 16:51 | Report Abuse

Just wait.There are scaring all the buyers out.After that will boom....11.5 cent but NTA 66 cents.

Posted by Michael Kwok > 2020-03-03 16:56 | Report Abuse

Potential fund snapping up.NTA 66 cents but 11.5 cents.

Posted by Michael Kwok > Mar 3, 2020 4:51 PM | Report Abuse X
Just wait.There are scaring all the buyers out.After that will boom....11.5 cent but NTA 66 cents.

Posted by benteo78 > 2020-03-03 17:39 | Report Abuse

U invest a lot in this share?

Posted by benteo78 > 2020-03-03 17:43 | Report Abuse

they need to find some supporters to support their price...

Posted by Michael Kwok > 2020-03-03 22:43 | Report Abuse

Rm 25k.Not a small sum lah.But buy little bit higher 16 cents.i no fear because I price is 86-88 percent discount compare with its high of over rm 1.50.Please use head.

Posted by Peter2357 > 2020-03-03 23:20 | Report Abuse

yesterday I bought 15 lots at 11cts to average down...most of the costs used to Reclaim land in JB.

Posted by Peter2357 > 2020-03-03 23:25 | Report Abuse

if you look at Reclaimation cost under Current asset,the AMT is Hugh at rm428M and most money has gone there

Posted by benteo78 > 2020-03-04 10:06 | Report Abuse

bro....the amount U invest really small compare to me...

Posted by benteo78 > 2020-03-04 10:07 | Report Abuse

that is y i so piss off

Posted by benteo78 > 2020-03-04 10:08 | Report Abuse

not sure how long I need to hold untill....so worry the spa will be cancelled like Melaka case.

Posted by benteo78 > 2020-03-04 10:08 | Report Abuse

anyone with insider information? mind to share some update with us here?

Posted by Michael Kwok > 2020-03-04 16:36 | Report Abuse

Ben,I already say its fall over rm 1.50(few years ago) till 16 cents(my cost to buy) already 88 percent discount.Urs 25 cent(83 percent discount from the high).Wht to scare.But u need to wait.

Posted by Michael Kwok > 2020-03-04 16:41 | Report Abuse

Please see my post;

Posted by Michael Kwok > Mar 1, 2020 8:53 PM | Report Abuse X

If u buy 18-22 cents then is easier.In 6 month(best case scenario) and 24 month(worst case scenario) I'm sure will go above 30 cents.Please losses due to impairment (please see my post on 28/2/20)

Posted by benteo78 > 2020-03-04 17:56 | Report Abuse

how sure U r?

Posted by Michael Kwok > 2020-03-04 21:40 | Report Abuse

Because the pattern show tht.Experience u will know.

Posted by benteo78 > 2020-03-04 22:32 | Report Abuse

I have very bad experience