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.
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
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...
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.
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.
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.
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
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.
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.
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).
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.
(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.
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
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.
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.
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 > 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.
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.
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.
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Michael Kwok
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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.