Posted by Michael Kwok > 2020-04-13 21:46 | Report Abuse

Someone complaining 9 million a year for a director salary.Sometimes certain talent hard to find.The one person who know the industry well who also can manage.Where can find?I think go pasar Malam buying thing.

Posted by up88up > 2020-04-14 15:50 | Report Abuse

Michael - is ur call to buy still on?

Posted by MamakKutty > 2020-04-14 15:51 | Report Abuse

0.70 buy 0.95 sold all

Posted by up88up > 2020-04-14 15:52 | Report Abuse

now at 0.09, what is the TP ya?

Posted by Michael Kwok > 2020-04-14 16:20 | Report Abuse

TP 30-60 cents.Latest TP.

Posted by Michael Kwok > 2020-04-14 16:28 | Report Abuse

Many years ago near rm 1.60.Now 10 cents.Like that u all scare.Lol.Oversold in monthly chart for over 2 years.Tht y.

Posted by hallowe2n > 2020-04-14 16:41 | Report Abuse

Any idea why the price increases so suddenly

Posted by hallowe2n > 2020-04-14 16:49 | Report Abuse

Anyway, thanks Michael for your buy call earlier

Posted by up88up > 2020-04-14 16:50 | Report Abuse

thanks Michael!

Posted by Michael Kwok > 2020-04-14 17:20 | Report Abuse

I pity the one who impacted by Covid-19.Need money to pay that and this.I have big heart to give.

Posted by Elmerbaby > 2020-04-14 17:29 | Report Abuse

youre awesome!

Posted by premnor1 > 2020-04-14 17:52 | Report Abuse

Gd day, Mr Michael, sorry as being a newbie here, what is your opinion of when it's likely for benalec to reach your to of 0.30 - 0.60? Appreciate your opinion on this matter. Tq

Posted by Michael Kwok > 2020-04-14 20:10 | Report Abuse

Many years(more than 5 years) it's never have its big move.Second the 2 projects already started in Johor which should not worth below 16 cents.Next,the EPF,PNB,Tabung haji,Khazanah flush with cash every year which hungry with bargain for potential company.Finally,Muyiddin from Johor so...

Posted by premnor1 > 2020-04-14 22:20 | Report Abuse

Thank you for your opinion, Mr Michael. Appreciate it

Posted by LYP1818 > 2020-04-16 10:08 | Report Abuse

Mr. Micheal, Benalec every quarter profit (-) negative, @ this moment still can buy in? Need your opinion. Thanks

Posted by LYP1818 > 2020-04-16 10:30 | Report Abuse

I m newbie here. Looked back @ the historical data price range from Nov~Dec 2019 before market down, the price was 0.13~0.14, with today price still can buy in? Anyone can advise and give opinion. Thanks a lot.

Posted by Michael Kwok > 2020-04-16 14:56 | Report Abuse

Please see the statement and reason below.Many years(5 years above)
Michael Kwok
1714 posts
Posted by Michael Kwok > Apr 14, 2020 4:28 PM | Report Abuse X

Many years ago near rm 1.60.Now 10 cents.Like that u all scare.Lol.Oversold in monthly chart for over 2 years.Tht y.

Posted by Michael Kwok > 2020-04-16 15:08 | Report Abuse

5 years ago 80 cents,3 years ago 60 cents now 9-10 cents.Some-more 2 projects in Johor already start.Before that 5 years ago it can be 80 cents without the 2 project in Johor.Now its start.Is it still worth less than 30 cents.Some-more already drop more thn 5 years without big upward.Chances to win far more greater.

Posted by Peter2357 > 2020-04-16 15:21 | Report Abuse

wait waited ....Benalec should be able to sell its hugh reclaimed land in Johor for oil storage facilites

Posted by Peter2357 > 2020-04-16 15:22 | Report Abuse

world is short of oil storage facilities ....It is talking to parties or on JV basis...

Posted by limchubeng > 2020-04-16 20:18 | Report Abuse

vol 14/4 - 25m, 15/4 - 11m, 16/4 -2m+ in the past the vol is rather thin. on 14/4, those punter buying at 4-6s would have unload already! even at this price won't stay long and will retreat back. you may need to take a long position if you go in now, could be lower later as the vol become thinner! Just my 2s thought

Posted by Michael Kwok > 2020-04-17 11:31 | Report Abuse

Already drop from 11 cents to low 8 cents few days ago.25 percent plus healthy correction.

Posted by tah16600 > 2020-04-19 17:21 | Report Abuse

Until now still cannot produce AR 2019 , any one know y ?

Posted by Michael Kwok > 2020-04-19 18:48 | Report Abuse

Please do not worry about the AR.The company show its can repay its convertible bonds(high majority).Tht matter.Some-more volume show more thn 2million shares these few days.25,11,2,4.5(million shares)The latest volume 4.5 millions.Its going to boom soon if not wrong.

Posted by tah16600 > 2020-04-19 21:41 | Report Abuse

AR very important my friend

Posted by Michael Kwok > 2020-04-20 15:14 | Report Abuse

The future about oil storage.Malaysia do not have large oil storage.The world flush with oversupply of oil.Ship all full.So where there put the oil?Need more land for storage.

Posted by Michael Kwok > 2020-04-20 15:21 |

Post removed.Why?

Posted by Michael Kwok > 2020-04-20 19:37 | Report Abuse

Please read my comment on Benalec.Dun ask too much question.Its already showing profit on gross side.Getting better for the last 2 quarters.Losses due to impairment of assets,equipments,depreciation and other(last 3 years and last 2 quarter).

Posted by LYP1818 > 2020-04-20 22:41 | Report Abuse

Tonight WTI oil price drop below $11.00, will affect Benalec share price? I bough @ 0.95. Any opinion

Posted by LYP1818 > 2020-04-20 22:51 | Report Abuse

Breaking news from Mexico's offshore oil investment.

Posted by RedEagle > 2020-04-20 23:19 | Report Abuse

Maday maday

Posted by Michael Kwok > 2020-04-20 23:32 | Report Abuse

Please is for downstream for oil and gas.When oil price down people buy more land to store more oil and gas(downstream )Please Benalec not producing oil and gas.

Posted by Michael Kwok > 2020-04-20 23:41 | Report Abuse

sources from

https://www.investopedia.com/terms/d/downstream.asp

Downstream operations are the processes involved with converting oil and gas into their finished products.

There are upstream, midstream, and downstream operations within the oil and gas industries.

Downstream operations can also play a part in the medical field and agriculture sector.

Companies that handle operations in the downstream sector are entities closest to the customers.

An oversupply of crude oil in the upstream section (i.e., the oil companies) may benefit the downstream companies.

Posted by Michael Kwok > 2020-04-20 23:47 | Report Abuse

When oil price fall profit margin increase for downstream oil and gas.So have more money to buy more land for futures expansion.

Posted by RedEagle > 2020-04-21 03:14 | Report Abuse

(Reuters) - Energy traders fled from the expiring May US oil futures contract in a frenzy on Monday, sending the contract into negative territory for the first time in history, as barely any buyers are willing to take delivery of oil barrels because there is no place to put the crude.

May US crude futures careened into negative territory about 20 minutes before the end of trading, falling to minus US$8 a barrel, down 146%.

With demand down 30% worldwide due to the coronavirus pandemic, and the main US storage hub in Cushing, Oklahoma expected to fill up in a matter of weeks, very few want to be stuck with oil barrels that they have to take delivery on at some point during May.

"The people who are long are desperate to get out," said Phil Verleger, a veteran oil economist and independent consultant.

Posted by LYP1818 > 2020-04-21 11:36 | Report Abuse

Crude oil future contract for May will expired Tuesday night. Market will down and panic selling.

Posted by LYP1818 > 2020-04-21 11:54 | Report Abuse

I understood from banker this morning that margin call relaxation policies & suspension of force-selling by securities commission & bursa malaysia together with temporarily banned short-selling counters will lasts until 30 April 2020. Will all these cause panic selling when market down? I bought Benalec at 0.95. Though going to sell with negative profit. Anyone can advise? thanks

Posted by DickyMe > 2020-04-21 11:57 | Report Abuse

If you are NOT from the privileged and handicapped community protected by decades long handout policy, your positions may have been closed out due to margin insufficiency.

Posted by LYP1818 > 2020-04-21 16:47 | Report Abuse

Sorry to said that today i already sold at 0.090 with minor loss. Thanks everyone. Will come back again if market less volatility.

Posted by FoolsGold > 2020-04-21 17:03 | Report Abuse

Posted by LYP1818 > Apr 21, 2020 4:47 PM | Report Abuse

Sorry to said that today i already sold at 0.090 with minor loss. Thanks everyone. Will come back again if market less volatility.

@LYP1818, strategic retreat is hallmark of a farsighted warrior, can make up easily when bad weather blow over, Good luck !

Posted by Michael Kwok > 2020-04-23 20:22 | Report Abuse

Dear,when sifu say dun buy at low,but buy at high,the person must be idiot.Investors usually do not study the stock chart properly.Sifu say never bought at oversold but overbought.The person is helping the syndicate to push up the price.I know some sifu say sell Benalec but not buy Benalec.Not yet oversold at monthly chart with big upturn.Dear.People do see which is lie and which is telling true.I already give hint but there sell.

Posted by Michael Kwok > Apr 19, 2020 6:48 PM | Report Abuse X

Please do not worry about the AR.The company show its can repay its convertible bonds(high majority).Tht matter.Some-more volume show more thn 2million shares these few days.25,11,2,4.5(million shares)The latest volume 4.5 millions.Its going to boom soon if not wrong.

Posted by Michael Kwok > 2020-04-24 15:34 | Report Abuse

I dun understand.People do not go to class.If there understand there would not sell.I would be surprise local fund will come in to snap up shares.These not oil producer.But land reclaimation.
Michael Kwok
1776 posts
Posted by Michael Kwok > Apr 6, 2020 7:17 PM | Report Abuse X

Wait for 1 years or more.Consider medium to long term.If let say got above 30 cents I sells.The project already on the 4-5 years.Profit flowing in from gross profit.Losses due to impairment.There paid back rm 129 million to redeemed back the convertible bond.

Posted by Michael Kwok > 2020-04-24 15:36 | Report Abuse

Please read then buy.

Posted by Michael Kwok > Apr 16, 2020 3:08 PM | Report Abuse X

5 years ago 80 cents,3 years ago 60 cents now 9-10 cents.Some-more 2 projects in Johor already start.Before that 5 years ago it can be 80 cents without the 2 project in Johor.Now its start.Is it still worth less than 30 cents.Some-more already drop more thn 5 years without big upward.Chances to win far more greater.

Posted by kl_guy > 2020-04-26 11:58 | Report Abuse

Michael Kwok, benelac is good to buy for now , bcos is too cheap to ignore. Just buy base on chart and sell base on chart.
But for long term , not really bcos management got problem. If you really follow this counter many year , you realize there is issue of management. Please go korek kaw kaw u will know.

Posted by tah16600 > 2020-04-27 16:38 | Report Abuse

Ya loh! until now still cannot produce AR2019 , worry might put into PN 14 or 17

Posted by turtlesoup > 2020-04-28 12:08 | Report Abuse

Waa.. this company story so colourful one. Wasting time to see this siao kia hantam each other. Ask the MD to cut 70% of his salary for failing to perform well.

Posted by Michael Kwok > 2020-04-28 12:10 | Report Abuse

U all will be surprise.Oil tankers are waiting at Singapore(many of them) no demand.So there need land to store the oil.

Posted by Michael Kwok > 2020-04-28 12:19 | Report Abuse

Average 30-40.Latest 60 oil tankers queing to put down the oil but no demand.Please read.
https://www.thestar.com.my/business/business-news/2020/04/28/singapore-coastline-packed-with-ships-full-of-oil-no-one-wants#cxrecs_s

Posted by Michael Kwok > 2020-04-28 12:20 | Report Abuse

Come Benalec got land.To build storage approved by Johor Government.

Posted by up88up > 2020-04-28 13:04 | Report Abuse

I have collected few batches Mike, waiting for turn to fly