Total Initial value RM991.2 mil Total Unbilled value RM561.0 mil
New aiming orderbook just based on Benalec’s 2,000 acres of land in Tg.Piai and a 25% discount to the market value on similar deals within this area, the implied value for Benalec’s 70% entitlement rights in Johor is already RM900mil (RM1.14/share).
Sum-Of-Parts value RM1,989.5 mil
Fair Value RM2.48 per share Capital gain (%) 115.4 FY13F dividend yield (%) 4.3 Total return (%) 119.8
Benalec is a new entry to the repositioning of South Johor as an emerging oil & gas hub. The stock is trading at only 7x-10x FY13F-15F PEs vs. the oil & gas sectors’ 18x.
Ha Ha. What if I am really alone. Probably everybody else had left the party especially those who gave the best compliments (or reviews) on the food and drinks.
cmlooi, do you even think why still many fund managers keep on buying this counter until today? Are they stupid to play fire with money? Sure they are investing great return counters.
Watch the Volume, with high volume, price falling during the transaction period, Fund Managers and funder are unloading the share already, be aware, no need to take the risk as this counter is with low dividend yield. Hit 20% profit and run is ok to me.
dknycom, how come you are so confident on this counter? i'm still holding it, my cost is Rm1.15, about 25% profit with 2 months holding period. thinking should wait till RM1.70?
Those buy below 1.20 already earn 30%... buy now more risky, better to re-enter when it make price correction... no hurry for me.... hahaha... cheers! :-)
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 881 views | 5 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Skipz Yang
67 posts
Posted by Skipz Yang > 2012-10-23 12:23 | Report Abuse
wondering who's selling?