Posted by Sansing > 2020-04-28 14:59 | Report Abuse

Don't waste time here lah ! change your mind set if u want to make big money .Go for gloves n condom ctrs loh!. MCO worldwide will boom this 2 commodities loh! Folks

Posted by up88up > 2020-04-28 21:31 | Report Abuse

Believe in Mike, holding tight!

Posted by Michael Kwok > 2020-04-28 21:36 | Report Abuse

Answer to Sansing.It's already up more than net 1 times for majority of it.Some more than net 2 times.Its dangerous.Not much meat.

Posted by Sansing > Apr 28, 2020 2:59 PM | Report Abuse

Don't waste time here lah ! change your mind set if u want to make big money .Go for gloves n condom ctrs loh!. MCO worldwide will boom this 2 commodities loh! Folks

Posted by Michael Kwok > 2020-04-28 21:39 | Report Abuse

Answers to tah16600. It's still produce quarterly result.Games still on.
tah16600
2330 posts
Posted by tah16600 > Apr 27, 2020 4:38 PM | Report Abuse

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

Posted by Sansing > 2020-04-29 09:24 | Report Abuse

Gloves n Condom ctrs just warm only, big move have yet to come folks!

Posted by Michael Kwok > 2020-04-29 11:44 | Report Abuse

Excuse me,it's not easy to find people who know the industry well and maintain the cost.The losses for Benalec due to impairments and losses due to selling depreciation assets.If u all figures out the the plant,property equipment getting lower in numbers
There are cleaning out underperforming assets.Tht y
Posted by happyvincent > Apr 29, 2020 8:24 AM | Report Abuse

Directors’ Remuneration of Benalec Holding VS Muhibbah Engineering (M) Bhd.

Benalec Holding Directors’ Remuneration.
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.
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

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.
http://www.theedgemarkets.com/my/article/benalec-md%E2%80%99s-remunera...

Listen to the Business Radio Station BFM 89.9 to hear how they comments the higher paid of Benalec Holding RM8million to MD remuneration.
http://www.bfm.my/biztalk-dom-141223.html

Posted by Karlos > 2020-04-29 18:44 | Report Abuse

As I mentioned earlier Benalec will have problem with paying full amount of RM 200 m bond on the 5th anniversary of the issue. However Benalec luckily got an extension of time of 3 moths to pay the balance of RM 53 m with some penalty interest. Now is not an easy time to raise funds and what will happen if Benalec failed to fulfill this obligation ???

Posted by benteo78 > 2020-04-29 23:03 | Report Abuse

die liao this time....benalec got no money to pay back

Posted by benteo78 > 2020-04-30 00:18 | Report Abuse

how?

Posted by benteo78 > 2020-04-30 00:18 | Report Abuse

Michael?

Posted by Anaconder > 2020-04-30 09:26 | Report Abuse

I think the management will propose PP share for their macai below present price

Posted by Anaconder > 2020-04-30 09:29 | Report Abuse

I told u people to switch to gloves , glove related n condom ctrs. , cannot be stubborn lol!

Posted by benteo78 > 2020-04-30 10:16 | Report Abuse

Michael... where r u? any comment?

Posted by Anaconder > 2020-04-30 11:33 | Report Abuse

I think he hide inside jamban lol!

Posted by Anaconder > 2020-04-30 11:35 | Report Abuse

Most investors making money but he kena stuck here kut!

Posted by Michael Kwok > 2020-04-30 11:38 | Report Abuse

There all are the great dinosaur telling to sell.Where got no money.Benalec can sells it right 2 right(ex.30 percent for several hundred millions).Its also stated before joint development for the 2 reclaimation land before.The right also can secure long term borrowing let say 10-20 years.Its also had its land in Melaka and near a port(100 percent done) in Selangor but not yet revalue yet(4-5 years ago pricing).

Posted by Anaconder > 2020-04-30 11:49 | Report Abuse

The operators r really dinasour he want to buy cheap only.. He will squeeze until your balls flat .A check at the AR2018 . ,still got abt 52% free float shares .So I think it will take long time to move.Meanwhile better concentrate at gloves n condom ctrs. folks

Posted by Anaconder > 2020-04-30 11:52 | Report Abuse

I am one of the victims .Luckily I follow sifu advice

Posted by tah16600 > 2020-04-30 12:03 | Report Abuse

I am also one of the victims lol!. Holding IPO price until now lol! . Average at 16 cts also diel lol. Now dare not average . Loose confidence .Luckily I jump in gloves ctrs recently ,paper gain now.

Posted by benteo78 > 2020-04-30 13:41 | Report Abuse

Michael, share price so low how to do right? do they have time to do right? only 3 months? if they do, they must push the share price up

Posted by Michael Kwok > 2020-04-30 15:14 | Report Abuse

Like my AT shares last time.Dear,it's does love for almost 8 month.bookmit went.Wht the point of throwing when already so low.Patient will be rewarded:Once sellers flush out,its move.I do not like to chase overbought shares especially overbought in monthly shares.I do not hold just Benalec but others.Some already throw.My biggest was Genting rm 32k at rm 3.20-rm3.30,then LC Titan rm 31800 at rm 1.59,Benalec rm 25k at 16 cents.

Posted by benteo78 > 2020-04-30 22:52 | Report Abuse

boss..my holding is 3000lot with cost around 0.25

Posted by benteo78 > 2020-04-30 22:56 | Report Abuse

really worried they cannot afford to pay the bond

Posted by willpush > 2020-05-01 10:09 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3047313

Posted by Michael Kwok > 2020-05-01 19:16 | Report Abuse

Let's give 15 of July the last day.But chances of default slim 5 percents.Down there I talk about the assets there have.There can sell the 2 right of development Tanjung Piai and Pengerang (ex.over 100 millions for 20-30 percent stake) or the land in Malacca and Selangor(near the port).The assets,right for development,there have can secure long term borrowing.Its not 300 over million borrowing but 50 over.There have 3 month to settle.Not a problems.

Posted by Michael Kwok > Apr 30, 2020 11:38 AM | Report Abuse X

There all are the great dinosaur telling to sell.Where got no money.Benalec can sells it right 2 right(ex.30 percent for several hundred millions).Its also stated before joint development for the 2 reclaimation land before.The right also can secure long term borrowing let say 10-20 years.Its also had its land in Melaka and near a port(100 percent done) in Selangor but not yet revalue yet(4-5 years ago pricing).

Posted by Michael Kwok > 2020-05-02 13:34 | Report Abuse

Like that can default?No.

The land and projects Benalec have;

http://www.chenghocity.com/index.html

http://tgpiaimaritime.com.my/development-overview/

https://pengerangmaritime.com.my/development-overview/

https://en.benalec.com.my/pulauindah/

Posted by clp72 > 2020-05-04 16:23 | Report Abuse

my take is that there will be a massive private placement to cover the payment for the bond issue... stay on sidelines first la.. PP will definitely be to a discount to the current share price...

Posted by Michael Kwok > 2020-05-04 16:43 | Report Abuse

There won't be right and private placement.There own 100 percent on Tanjung Piai and Pengerang reclamation project.If there sold the right of developement let say 20-30 percent(its should worth (100-200 million) as joint venture.Some-more there have land Malacca and Selangor can be sold(reclaimation land(100 percent done).

Posted by vivabursa > 2020-05-04 16:47 | Report Abuse

who will buy the reclamation right now, spend billions to reclaim?

Posted by Michael Kwok > 2020-05-04 21:13 | Report Abuse

Oil and gas company.There need land to store their oil and gas(downstream).There can joint venture.Benalec cannot stomach all.Tht y.People still can't see.

Posted by Michael Kwok > 2020-05-06 12:21 | Report Abuse

The different a company made private-placement and not is do there have enough assets to sells to cover payment or developement.If there sell their developement right(develope the land or a big project)let say 20-30 percent(to a big company) things can benefit for both.But please do not discounted for any takeover,new shareholder coming in(with huge cash flow) like EPF,Tabung Haji,PNB or Khazanah or even big business men (local or foreign)with cash or assets at least over few hundred million).

Posted by Michael Kwok > 2020-05-06 15:06 | Report Abuse

Please read.My stock will boom.Promote from 5-10 cents.Benalec.Benalec.Deeply oversold monthly and weekly both hooking up.

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 Michael Kwok > 2020-05-06 15:19 | Report Abuse

The resistance 11 cents need to be break.Last time 11 cents then correct to 8 cents(few weeks ago)Now 8 to 11 cent.

Posted by Michael Kwok > 2020-05-06 15:22 | Report Abuse

8.2 million shares traded.Something is brewing.Come.Come.

Posted by AAAwell > 2020-05-06 15:31 | Report Abuse

I can sense smtg!!!

Posted by King7 > 2020-05-06 16:19 | Report Abuse

If they have completed the storage ...now must be making alot .... they r late.... they need expert / $ to kick start again.

Posted by Michael Kwok > 2020-05-06 17:37 | Report Abuse

42.3 million shares breakout 11 cents.Now 11.5 cents.Benalec involve in land reclaimation.And have right to do so.Not building storage.

Posted by Michael Kwok > 2020-05-06 17:39 | Report Abuse

The next 16 cents my buying price.The main resistance.But if break 16 cents in high volume then the next will be 30 over cents range.Few days on rising volume.

Posted by Michael Kwok > 2020-05-07 22:13 | Report Abuse

Expect its upward to continues for few months.Dun expect default.A sleeping dragon may awake already....

Posted by Michael Kwok > 2020-05-14 00:08 | Report Abuse

Benalec got right to reclamation land for oil related storage,industrial in Johor.Tanjung Piai and Pengerang Maritime.Only company in Johor to do tht.

Posted by Anaconder > 2020-05-14 09:44 | Report Abuse

Backdoor gov. no investors dare to come to invest lol!

Posted by Anaconder > 2020-05-14 10:38 | Report Abuse

Dr M say we don't have a legitimate PM lol !,so Benalec reclaimed land Tak Laku in Johor
14/05/2020 10:37 AM

Posted by Anaconder > 2020-05-14 10:45 | Report Abuse

!0 sen also no demand !!!! as compare to gloves n related ctrs
14/05/2020 10:44 AM

Posted by Anaconder > 2020-05-14 10:50 | Report Abuse

Aldy took profit from gloves ctrs yesterday ,Benalec still remain 10 sen,

Posted by Anaconder > 2020-05-14 10:59 | Report Abuse

Need to lift up both hands to borrow money to pay unsettle debt if cannot find buyer lol !

Posted by Sansing > 2020-05-14 11:07 | Report Abuse

who r the funny guys selling 10 sen ?

Posted by Anaconder > 2020-05-14 11:46 | Report Abuse

Cannot move mah!

Posted by Michael Kwok > 2020-05-14 20:05 | Report Abuse

U think people buy 1 company.More diversify.Dear.Its not backdoor government.The Malay sick of PH.Azmin and Muyiddin say bye-bye.(More than 3 million Malay supporter go).Promise unfulfilled.I challenge u go to Agong palace say PM not legitimate.Mahathir also dare not to go and say tht.

Posted by Sansing > 2020-05-15 12:08 | Report Abuse

Ayoyo! parliament not yet convene so consider not legitimate mah!

Posted by Sansing > 2020-05-18 10:44 | Report Abuse

This ctr hard to make money just like BJLAND.