Posted by kcfan > 2013-06-11 21:47 | Report Abuse

售甲填海土地议案　宏洋股东不满声中通过
財经 2013年6月11日

By A Web Design
孔令尧 报导

（吉隆坡11日讯）宏洋控股（BENALEC，5190，主板建筑股）周二成功通过脱售马六甲的填海土地的议案，惟现场许多小股东对此项交易深感不满。

宏洋控股早前建议把位於马六甲16块面积79.49英亩的租赁土地，以9695万令吉现金卖给Oceancove发展私人有限公司、策略產业私人有限公司和Ocenafront发展私人有限公司，並在周二举行的股东特別大会上寻求股东通过上述议案。

现场数名小股东在接受《东方財经》访问时，皆表示对上述交易感到不满，特別是3名买家皆与管理层有利害关係。

根据该集团的通函显示，宏洋控股执行董事拿督廖大春在Oceancove发展、策略產业、以及Ocenafront发展皆持有股权。

小股东们普遍认为，管理层理应通过公开竞標的方式寻找买家，而不是將该填海土地脱售予利害关係方。同时，亦有小股东向记者反映，声称上述土地的价格被低估。

然而，作为独立顾问的肯纳格投行在早前公佈的报告中表示，上述的交易既公平又合理，为股东带来最大的利益，因此建议股东们通过此项交易。
http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=59818:&Itemid=198

儘管小股东有异议，但该股东特別大会最终还是通过了上述脱售议案。

Posted by paurlim > 2013-06-11 22:07 | Report Abuse

though the land value is expected as earlier suggestion? kencana was recommended 'buy' based on this value also. http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=36321:&Itemid=198

Posted by paurlim > 2013-06-11 22:08 | Report Abuse

（吉隆坡24日讯）市场普遍对宏洋控股（BENALEC，5190，主板建筑股）出售柔佛土地的交易持正面看法，並对该集团在柔南的前景乐观。

宏洋控股上週五宣佈，將把位於马六甲16块面积79.49英亩的租赁土地，以9695万令吉现金，卖给策略產业私人有限公司和Ocenafront发展私人有限公司。

该土地位於哥打拉沙马那（Kota Laksamana），距离马六甲市商业中心2.5公里。截至2012年6月30日止，该土地的账面价值为6000万令吉，或每平方英尺17令吉。肯南嘉研究分析员预测，此近9700万令吉的土地脱售，將为宏洋控股带来约3600万令吉的收益。

此交易计划在2013年末季完成，而宏洋控股將在签署买卖协议（SPA）后，获得30%，或2900万令吉的押金。

重新部署石油枢纽计划

根据大马研究分析员计算，此宗交易共2700万令吉的盈利，占大马研究对宏洋控股2013財政年净利预测的29%。

上述交易完成后，宏洋控股在马六甲的地库还有170英亩，另外还有约500英亩的土地有待回收。分析员相信，该集团將会陆续出售更多位於马六甲哥打拉沙马那及吉里望（Klebang）黄金沿海地区的土地。

该集团表示，卖掉上述地段所获得的资金，其中近4200万令吉將用来偿还债务，而约5500万令吉则將充作营运资金。

分析员估计，该笔营运资金有可能会用以重新部署柔佛南部的石油枢纽计划。

分析员对宏洋控股的资本负债表充满信心，表示该集团拥有充足的现金，应对推出的新项目。同时，柔佛州政府的环境评估报告（EIA），也进入最后阶段。

综观两家证券行的分析，普遍对宏洋控股抱持正面看法。肯南嘉研究和大马研究都维持对该股的投资评级，分別给予「超越大市」及「买进」。

两家证券行也分別將目標价格维持在1.71令吉以及2.48令吉

Posted by newboy > 2013-06-11 22:31 | Report Abuse

Book value of RM60mil and sold for RM96mil and generated profit of RM36mil. This was wht the investment banker published even before the EGM was called. So, generally it was within the street expectations.

Posted by Shin Chan > 2013-06-11 22:53 | Report Abuse

im a newbie, can someone tell me if it is Evening Doji Star?

Posted by winwin > 2013-06-11 23:05 | Report Abuse

land sales not latest news,we are concerned about S&P agreement which should deal within this month and EIA approval but as at today,nobody know the progress.at this critical time,directors and KWAP keep dispose their shares which caused market fear and queries on their such aggressive action before deal is done.public investors are lost confidence on their reputation and capability to seal the contracts.i have to mention that tanjung piah is johor national park with beautiful landscape and focus of tourism.it might not easy to obtain EIA approval.Furthermore,the reclamation require huge fund to run it and management need to sell land bank in Malacca and some of their profits earned from US to support it.However,I believe the intention of director sold their shares are right decision if we look forward for another 1 or 2 years.above just my views after EGM.

Posted by buybackma > 2013-06-11 23:37 | Report Abuse

Imoogi, agreed with you. They just want to sell the land and the profit can be used as working capital for projects in Pengerang such as land reclamation of which include coastal protection works, such as rock revetment works, shore protection works and breakwater construction; pre-bore and marine piling, and construction of marine structures, bridges, jetties, ports and other offshore, ancillary structures and etc. It's our pleasure if Ben give us dividens but the percentage of doing it looks like lows... smiles..

Posted by dinpolo > 2013-06-12 00:04 | Report Abuse

I know idea what was operator do for this stock.....push up price n suddenly push down back....many investor losing money...SC should investigate this stock who's behind this stock .....no more benalec

Posted by buybackma > 2013-06-12 00:22 | Report Abuse

Dinpolo the stocks world is like that ma! That's why when see profit take the profit if no intention to hold unless you know the co. is gd in fundamental with every qtr of growth story, gd dividens, you can make decision to keep the shares in medium or long term..smiles..

Posted by dinpolo > 2013-06-12 00:45 | Report Abuse

Bro....profit take is different.....it was dispose from director n some big fund...we are small fish...carry the sheet....u must learn from pattern of trading....they clear one price n but buyer support..it done the same but the push the price down....u see skp thhe n some more stock...the gape price is not to long candaltist different ....it cancer stock..took money from ur pocket slowly

Posted by buybackma > 2013-06-12 00:57 | Report Abuse

Din I know what you mean, what I mean is don't wait till they fool us. If you see the profit take it b4 it's gone...

Posted by midas_max > 2013-06-12 07:26 | Report Abuse

agree with u, buybackma. i like u rule in play syer. hehe...

Posted by submarine > 2013-06-12 07:41 | Report Abuse

I am existing shareholder. Had read through document about this sale of land to related party who is a company own by the director and his family. Their rationale of not calling an open tender for the sale is the buyer offers high upfront deposit which is 29m. Coincidentally, 29m of the proceeds from this sale will be used to settle the debt owed to the director. It is 'left pocket and right pocket' arrangement by the director. In the S&P, Benalec also needs to fork out 12m to build road in the land which has been factored in the balance sheet. I believe it will have more value if the company JV with another property developer to develop the sea front land. I do not like this but will not sell it now. Will wait untl it realises it potential in tg pia. this is definitely not a company for long term holding.

Posted by balvin71 > 2013-06-12 07:52 | Report Abuse

I have disposed my shares. My biggest concern was why the directors/substantial share holders were disposing of their shares recently. If they got no confidence in the near term stock rise, why should I.

Posted by faralenz > 2013-06-12 08:08 | Report Abuse

The next price target call by finance house will be a SELL call at much lower price???

Posted by Dylan1027 > 2013-06-12 08:21 | Report Abuse

Seems that much selling pressure today. Now depends on those big fish to let go or hold.

Posted by JT5774 > 2013-06-12 08:34 | Report Abuse

Hi everyone, i think everyone in this forum already known what to expect the result of the EGM yesterday will turn out. So why surprise!

This stock is not really for contra play. You need to hold on to it for at least a minimum of 3 months, than only you can realise you profit. So let us sit and wait for the TP.

Happy Trading.

Posted by csk396 > 2013-06-12 08:39 | Report Abuse

Agreed SELL ! world market is heading south, wait for ci to correct further before buy back...

Posted by newboy > 2013-06-12 08:59 | Report Abuse

interesting day today. agree with the point that, re-enter after they announce the Tangjung Piai SPA. its not too late. Earn less rather than loss.

Posted by Muarmali > 2013-06-12 09:01 | Report Abuse

Bought 1.43 and wait for rebound

Posted by air01557 > 2013-06-12 09:02 | Report Abuse

Yesssss open at 1.42 ! That means Investor William already got his price. Congrats !

Posted by William > 2013-06-12 09:04 | Report Abuse

Yes, Qing at 1.42. ^^

Posted by William > 2013-06-12 09:05 | Report Abuse

done on 1.42

Posted by Muarmali > 2013-06-12 09:06 | Report Abuse

Overall market sentiment is not good. Astro buying rate is much lower than Ben.

Posted by winwin > 2013-06-12 09:11 | Report Abuse

i don't think game is over....

Posted by dinpolo > 2013-06-12 09:13 | Report Abuse

Sell sell sell..more cheaper price waiting for u...pdt traders buy at 143 n sell at 1.45...see how many lot done at 143 n 145...the result is there.....

Posted by Namoyaki Takarajima > 2013-06-12 09:14 | Report Abuse

Yes. Not yet a game over. Is the whole market overall affected. Crude Oil drop. Gold are in the lead; but down-trend.

Posted by Muarmali > 2013-06-12 09:14 | Report Abuse

Maybe now KWAP is pressing it down to pick dead chicken?

Posted by flower > 2013-06-12 09:18 | Report Abuse

anybody know at what price this counter to dispose off

Posted by kjk85 > 2013-06-12 09:20 | Report Abuse

their director acquire their share at very low price probably 1.00 to 1.2, so it is up to them at what price they want to dispose. dont play play with the big fish

Posted by Muarmali > 2013-06-12 09:21 | Report Abuse

How do you know that their directors have acquired shares at 1.00? I thought it has never touched 1.00 since IPO.

Posted by dinpolo > 2013-06-12 09:30 | Report Abuse

Dispose price range from 150-156...

Posted by faralenz > 2013-06-12 09:31 | Report Abuse

i thought the directors got their shares free!!

Posted by Muarmali > 2013-06-12 09:32 | Report Abuse

U r right.

Posted by Muarmali > 2013-06-12 09:36 | Report Abuse

$$$$ :)

Posted by faralenz > 2013-06-12 09:39 | Report Abuse

those directors who sold their shares to depress the price of their own company are stupid,stupid,stupid..

Posted by Muarmali > 2013-06-12 09:42 | Report Abuse

$$$

Posted by winwin > 2013-06-12 09:43 | Report Abuse

as long as can hold above 1.42 today,there is still the hope.now all small fish must work together to fight giant killer whale even only minor winning %.

Posted by JXRepcoBuffet > 2013-06-12 09:47 | Report Abuse

my advise, if you have holding power, just hold as this is a good stock, return definitely better than put in FD. and slowly accumulate when the price is low. if u r contra player, then is your own call.

Posted by JXRepcoBuffet > 2013-06-12 09:47 | Report Abuse

this is the different between investor and speculator

Posted by JXRepcoBuffet > 2013-06-12 09:48 | Report Abuse

wish everyone goodluck and make money $$$$

Posted by faralenz > 2013-06-12 09:52 | Report Abuse

i share the same opinion as u. Hold on to ur shares.the down side is limitted, not far. Upside is bbetter.afterall this ctr has not moved much during this bull period.

Posted by Muarmali > 2013-06-12 09:57 | Report Abuse

$$$ chao. :))

Posted by 8u29song > 2013-06-12 10:44 | Report Abuse

again, holding power is king now.

sorry to contra players.

Posted by traderman > 2013-06-12 10:48 | Report Abuse

pity those buy at 1.47 today ... lol

Posted by crawler > 2013-06-12 10:55 | Report Abuse

it probably take sometime to clear the negative sentiment on the minority stakeholder view on this stock

Posted by crawler > 2013-06-12 10:56 | Report Abuse

I as well hate to think the management integrity and governance in managing this issue..sidelining minority is not helping of course..they are public company and should act like one

Posted by flower > 2013-06-12 11:10 | Report Abuse

JXRepcoBuffet and 8u29song any idea this counter going to move what price? I bought at 1.54 and has been going down.

Posted by zero > 2013-06-12 11:21 | Report Abuse

crawler, what can we expect today from the Tj Piai deal?

it seems to have vanished into thin air...

Posted by csk396 > 2013-06-12 11:26 | Report Abuse

S&P for tg piai suppose to sign within 3 months from march 13, am I correct ? any exact deadline ?