during EGM,they didn't mention about project tanjung piai doesn't mean it fail already.just timing and patient.for those has limited holding power,advise to sell it before bearish pattern is confirmed.
I am here of course..I told you guys...is not worth watching benalec for now... put it in the backyard and look at other stock for now. I havent sold a single share.
old post : Iskandar angle Massive petrochemical complexes and oil & gas hubs under the ETP are expected to take off in a big way in the next five years in Iskandar. Various coastal developments would require land reclamation. For Tanjung Piai Phase 1, we conservatively calculate a potential land-sale gain of up to RM566bn for Benalec over the next four years, or RM142m p.a. Another potential gain in Iskandar is from 1,760 acres in Pengerang. Melaka reclamation jobs and land sale gains provide an earnings base before Iskandar jobs take off.
all developments of O&G require land reclamation and benalec is only one in malaysia to provide this service.pure value of this stock is still not reveal all..
@muarmali, if you follow the counter, you will know the land deal is done, EGM is just to official announce.....actually investors are waiting/hoping for the 3b contract to be announce...
well, the whole company is controlled by one family... never a good sign but i still believe they have a good competitive advantage in what they do... and that Ben has potential to be a major marine engineering player
99% resolution passed. If really undervalue shd have more ppl to object. Think deeply and dun over react. Today market all red, and if compare with same industry counter, dialog drop even further 12cents, so assess carefully on the reason of share dropping. One or two days dropping is very common in share market especially whole local and regional market are in red.
Bad day with the EGM announcemnt. Tomorrow anothr announcemnt. if negative again, it will dive south. thn whn investmnt banker publish their sell calls, it will dive further south.
Scenario 1: SPA signed. share highly move upwards strongly. Hopefully recover all todays losses. Scenario 2: SPA delayed with new dates. share to drop. double damage. Scenario 3: SPA delayed with no new dates coz of complications. triple damage.
99.78% acceptance and 0.22% voted against. In every EGM or AGM sure to have someone disagree. They asked Benalec to develop the land but Benalec expertise is not on developing...they're expertise in creation of land from the sea. On top of that you require capital to develop. Whether under value or over value is very subjective...if you have good use of the land, it is good value and if you dont have good use of the land it is surely under value. Value of land is also depends on timing.
Nevertheless panic, fear, or angry is around Benalec...time to collect more.
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Posted by winwin > 2013-06-11 16:30 | Report Abuse
so fast form Head and shoulders trend?