The main focus for Benalec going forward is on its ability to commercialize 5,485 acres of prime seafront land in South Johor.
- The group had on March 12 – signed a binding term sheet with 1MY Strategic Oil Terminal Sdn Bhd and The State Secretary Inc (S.S.I.) for the sale and reclamation of 1,000 acres of land in Tg.Piai, Johor.
- Under the deal, a formal SPA is to be executed within three months subject to finalisation of all the details. This follows an earlier report in The Star detailing a planned JV between the Abu Dhabi government and 1MY.
- This deal is significant for its strategic importance as a trailblazer offtaker for Tg.Piai’s rising prospects as a future oil hub. This will likely trigger more interest from other foreign oil MNCs to invest in Benalec’s land concessions in Tg. Piai, and also Pengerang.
- Notably, our current valuation only includes the first 2,000 acres of its land at Tg. Piai. A formalisation of this deal would help narrow the stock’s steep 44% discount to its NAV, paving the way for Benalec’s emergence as a cheaper leverage to the oil & gas sector (FY13F-15F PEs of only 9x-12x) - 31/05/13 Amsecurities
DOW JONES fell 208 points..... Just to remind you all, KLCI also may affected.... if the index down near to 1747.... CABUT LA, APA TUNGGU LAGI..... market nak jatuh laa tu, dah lebih sebulan dipuncak kayangan. Jual dan beli semula kemudian... (7 more trading days b4 EGM.... macam-macam boleh jadi) Nasihat kawan.... jangan tambah, ada peluang jual--- jual dulu sebahagian, simpan sebahagian....
(my post on May 29) just to remind you sis and bro.... month of june will be critical.... if klci down near to 1740..... cabutttttt mesti selalu mau ingat yang naik akan jatuh.... yang jatuh akan naik.
Thanks for the analysis, bro Jebat. However, looking at the announcement dated 12 March, stated within 3 months...so it could be earlier than 12 June, right?
Dow Jones routed on Friday... things won't be very pretty on Monday morning open folks, better be prepared. This is the time to be cautiously smart and have nerves of steel.
USA & Japan Q3 continue, FFM will not leave our market to cause a sudden drop.dont worry klci uptrend still intact. make profit alrdy this round ?? then sell first...can buy cheaper later....
there's no bear for construction and property stock for now coz they underperform for more than a year due to ge, just some mild correction eg Kimlun 1.28 shoot to 2.35 back to 2.25, Tambun 0.75 shoot to 1.38 Amprop 0.48 shoot 0.80plus, Malton 0.47 shoot to 0.73, Huayang 1.50 shoot to 3.20 etc etc..
The reason US markets fell on Friday afternoon was because of end of the month rebalancing. Reuters had comments from an agency that said 75% of the money was flowing out of the US markets and into foreign developed markets. (Does that mean 25% will go to emerging markets like Malaysia?) Plus, don't forget about stronger PMI in China announced this weekend.
And as far as Am's target price, I wouldn't get too excited about that. Their advice is usually wrong, their TP's are usually way too high, and if the price goes up, they just raise the TP. I had an account there for a couple years and was very disappointed in their advice and opinions.
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 816 views | 5 d ago
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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....
sephiroth
14,131 posts
Posted by sephiroth > 2013-05-31 11:38 | Report Abuse
coz they wanna take profit from their purchase price around 1.15-1.20, therefore capping the rise