BJCORP really really undervalued stock NTA RM1.70 now RM0.33 can buy for keep long time invest.......

buy ALAM really undervalued stock NTA RM0.68 now cheap sale RM0.21 buy.........

WORLD CLASS-RESORT BASED TOURISM & BUSINESS CITYCheng Ho City (CHC) is inspired by the legacy of Admiral Cheng Ho.

https://www.cnhrealty.com.my/cheng-ho-city

Sure Buy.......................

Benalec Holding subsidiary company Heritage Property Sdn. Bhd.
Dalam Mahkamah Tinggi Malaya Di Kuala Lumpur, Dalam Wilayah Persekutuan, Malaysia (Bahagian Sivil), Guaman Sivil No: 22NCVC-1500-12/2012

http://www.kehakiman.gov.my/directory/judgment/file/W-02(NCVC)(W)-1845-10-2014.pdf

Material Litigation - Writ of Summons and Statement of Claim (Melaka High Court Civil Suit No.22NCVC-59-11/2016) Nusa Waja Sdn Bhd and Dewi Pertiwi Development Sdn Bhd (Plaintiffs') vs Benalec Sdn Bhd (Defendant)

Reply to Bursa Malaysia's Query Letter - Reference ID : IQL-24112016-00001
We refer to your Company's announcement dated 22 November 2016, in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. The date of presentation of the Writ of Summons and Statement of Claim.
2. The particulars of the claims, including the amount claimed and the interest rate.
3. A confirmation as to whether Benalec Sdn Bhd is a major subsidiary of Benalec Holdings Berhad.
4. The operational impact of the Writ of Summons and Statement of Claim on the group.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

KHOO KAY KWAN
Senior Vice President, Issuers
Listing Division
Regulation
KKK/AEV
CC : Market Surveillance, Securities Commission (via fax)
This announcement is dated 28 November 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5273297

Work on Malacca port starts in 2017.

Construction of the RM12.5bil Kuala Linggi International Port (KLIP) in Malacca will begin in the first quarter of next year.

http://www.thestar.com.my/business/business-news/2016/11/28/work-on-malacca-port-starts-in-2017/

Benalec in a downtrend, says AllianceDBS Research

By theedgemarkets.com/theedgemarkets.com | November 28, 2016 : 6:15 AM MYT

http://www.theedgemarkets.com/my/article/benalec-downtrend-says-alliancedbs-research?type=Corporate

MATERIAL LITIGATION WRIT OF SUMMONS AND STATEMENT OF CLAIM (MELAKA HIGH COURT CIVIL SUIT NO. 22NCVC-59-11/2016) - NUSA WAJA SDN BHD AND DEWI PERTIWI DEVELOPMENT SDN BHD (PLAINTIFFS) VS BENALEC SDN BHD (DEFENDANT)

This announcement is dated 22 November 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5265945

The curse of self-serving directors.

WHEN shareholders invest in a company, it is their hard-earned money going into this company, so you can bet that they will be keeping a close eye on their investments to ensure that the company delivers on its promises.

http://www.thestar.com.my/business/business-news/2016/11/19/the-curse-of-selfserving-directors/

KUALA LUMPUR: Kerjaya Prospek Group Bhd (formerly Fututech Bhd) has bagged a RM181.31 million contract for dredging works for the reclamation for the second phase of the Seri Tanjung Pinang development (STP 2) in Penang.

In a filing with Bursa Malaysia yesterday, Kerjaya said its 70%-owned subsidiary Future Rock Sdn Bhd had accepted a letter of award from China Communications Construction Co (M) Sdn Bhd as a subcontractor for the works, expected to commence within two weeks and due to be completed on March 18, 2018.


http://www.theedgemarkets.com/my/article/kerjaya-bags-rm18131m-job?type=Corporate

MD aka KING of MOU.....lol

BENALEC HOLDINGS BERHAD
This announcement is dated 3 March 2016.

MATERIAL LITIGATION WRIT OF SUMMONS AND STATEMENT OF CLAIM (KUALA LUMPUR HIGH COURT CIVIL SUIT NO. WA-22NCC-92-03/2016) ("SUIT") DATUK LEAW AH CHYE (PLAINTIFF) VS DATO' LEAW SENG HAI (1ST DEFENDANT), ATLANTIC PROPERTY SDN BHD (2ND DEFENDANT), ORIENTAL GRANDEUR SDN BHD (3RD DEFENDANT), BENALEC SDN BHD (4TH DEFENDANT) AND BENALEC HOLDINGS BERHAD (5TH DEFENDANT)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5020677

BENALEC HOLDINGS BERHAD.
This announcement is dated 15 February 2016.

MATERIAL LITIGATION WRIT OF SUMMONS AND STATEMENT OF CLAIM (KUALA LUMPUR HIGH COURT CIVIL SUIT NO. WA-22NCC-44-02/2016) DATUK LEAW AH CHYE (PLAINTIFF) VS DATO' LEAW SENG HAI (1ST DEFENDANT), OCEANIC SDN BHD (2ND DEFENDANT), ATLANTIC PROPERTY SDN BHD (3RD DEFENDANT), OCEANFRONT LAND SDN BHD (4TH DEFENDANT), OCEANVIEW PROPERTY SDN BHD (5TH DEFENDANT), BENALEC SDN BHD (6TH DEFENDANT), BENALEC HOLDINGS BERHAD (7TH DEFENDANT) AND ORIENTAL GRANDEUR SDN BHD (8TH DEFENDANT)

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5000105

Petronas to cut spending by RM50bil over 4 years.

http://www.thestar.com.my/business/business-news/2016/01/19/petronas-to-cut-spending-by-rm50bil-over-4-years/

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) plans to cut expenses by as much as RM50bil (US$11.4bil) over the next four years and defer some projects, the Wall Street Journal reported.

KUALA LUMPUR: More than 40% of 450 listed companies surveyed by Bursa Malaysia did not meet satisfactory corporate governance standards.

Among the weaknesses were that companies did not comply with having “real independent” directors on their boards, the audit committee’s report not having enough information and the post of chairman and chief executive being held by the same person.

http://www.thestar.com.my/business/business-news/2015/12/17/slack-on-governance/?style=biz

Stock: [BENALEC]: BENALEC HOLDINGS BERHAD

Posted by Vincent Tan on May 26, 2015 01:49 PM | Report Abuse

I seem very happy with the Q1 results? K-man , you do seem to leap too far in reading my posting, or is that your standard way of misquoting others, so that you can win your arguement?

By the way, for someone who have disposed Ben at 80-82 cts ( well ,missed the recent peak, and secondary peak on first rebound) , I do stand to gain from the current price movement, so I have every reason to be happy. But, I always wish others well and won't redicule people for investing in Ben, that is what I am, a life contented man.
If you think I only made up this story go read my previous posting on 16/4 , 9.07am
I may be looking for a re-entry point, but I will not conderm Ben hoping some will buy my posting and sell down Ben and so that I can buy even lower.

Anyway, I do not think any of the postings here matter to the wider investing public out there, I will not overestimate myself

So K-man, it is also about timing. Do not grumble, curse, conderm Ben like an emotionally disturbed if you did not manage to grape the ' sour grapes '


Stock: [BENALEC]: BENALEC HOLDINGS BERHAD

Posted by Vincent Tan on ay 26, 2015 12:07 PM | Report Abuse

Ben may stay low for coming 3 months(barring any positive news) and that presents opportunity to buy on weakness. Investors who believe in Tg Pial should stay on the sideline and be ready when opportunity presents itself

Stock: [BENALEC]: BENALEC HOLDINGS BERHAD

Posted by JKing on Apr 30, 2015 09:45 AM | Report Abuse

the brother story is history, let look forward. Secure sale as of today is RM500mil to be completed by FYE 2016 giving a 12 cent EPS with estimated cash in flow after deducting the remaining work needed to be done is RM350mil.

moreover there are a few hundred acres left in melaka available for sell and taking the historical selling price and estimated profit, is about RM300k per acre.

That is all secure sell and assets and you can read that from the financial statement.

Don't rely on the share price movement to determine the company performance as market sentiment sometime like to overall reduction. Focus on what the company have and worth.

To response to the high PE ratio, we would need to understand how is the accounting recognisition insist of relying on the quarter result. Benalec do not follow percentage of completion recognition but recognise in total upon fulfilling all term and condition in the S&P. To have a better picture you might consider look at average per 2 years earning for PE calculation as mostly all deal completed with 2 years from the S&P agreement.

Hope i clear the doubt of some of the investor in this forum.

KUALA LUMPUR: Muhibbah Engineering (M) Bhd has won a contract worth RM300mil from Petroliam Nasional Bhd (Petronas) in Pengerang, Johor.

http://www.thestar.com.my/business/business-news/2015/12/01/muhibbah-gets-rm300mil-contract-from-petronas-in-pengerang/?style=biz

GEORGE TOWN: Gamuda Bhd-led project delivery partner — SRS Consortium Sdn Bhd — for the Penang Transport Master Plan (TMP) estimates the cost of reclaiming two islands measuring about 1,300 acres (526.1ha) and 2,100 acres to be about RM7 billion to RM8 billion.

http://www.theedgemarkets.com/my/article/reclaiming-two-islands-cost-rm8b?type=Corporate

KUALA LUMPUR (Nov 27): Eastern and Oriental Bhd (E&O) ( Valuation: 1.10, Fundamental: 1.10), which saw its second-quarter net profit jump 15.1% year-on-year on higher revenue, said its Seri Tanjung Pinang Phase 2 (STP2) project is on track with the commencement of reclamation works expected to take place before the year end.

In a statement today, E&O deputy managing director Eric Chan Kok Leong said the syndicated term loan for the project will be signed soon.

Last month, Chinese contractor China Communications Construction Company (M) Sdn Bhd was awarded the RM2.32 billion worth of land reclamation works for STP2.

http://www.theedgemarkets.com/my/article/eo-reclamation-works-stp2-begin-next-month

Inix's soon-to-be associate Galactic bags RM34.5m Penang job.

KUALA LUMPUR (Nov 23): Inix Technologies Holdings Bhd ( Valuation: 0.00, Fundamental: 1.65), which is in the midst of acquiring a 30% equity interest in Galactic Maritime (M) Sdn Bhd, said Galactic has bagged a RM34.5 million contract to supply three vessels for dredging and land reclamation services for a project in Penang.
http://www.theedgemarkets.com/my/article/inixs-soon-be-associate-galactic-bags-rm345m-job?type=Corporate

Dialog on track with RM6.3b Pengerang Phase 2.

http://www.theedgemarkets.com/my/article/dialog-track-rm63b-pengerang-phase-2?type=Corporate

Dialog diversifies into non-O&G clients.

KUALA LUMPUR (Nov 19): Dialog Group Bhd's Executive Chairman Tan Sri Dr Ngau Boon Keat said the oil and gas service provider has been flexible in this current state of depressed crude prices.

Apart from breaking down its revenue stream equally to upstream, midstream, and downstream businesses, Ngau said Dialog's upstream business has diversified its clientele to include non-oil and gas entities.

http://www.theedgemarkets.com/my/article/dialog-diversifies-non-og-clients?type=Corporate

BENALEC NOTICE OF ANNUAL GENERAL MEETING ON 25 NOVEMBER 2015

AGENDA
ORDINARY BUSINESS
1. To receive the Audited Financial Statements of the Company for the financial year ended 30 June
2015 and the Reports of the Directors and Auditors thereon. Please refer to Note A
2. To approve the payment of a Final Single Tier Dividend of 0.3 Sen for each Ordinary Share of
RM0.25 each in respect of the financial year ended 30 June 2015. Resolution 1
3. To approve the payment of Directors’ fees of RM540,000 for the financial year ended 30 June
2015. Resolution 2
4. To re-elect Mr Wong Yoke Nyen, a Director retiring by rotation pursuant to Article 108 of the
Company’s Articles of Association and being eligible, has offered himself for re-election.
Resolution 3
5. To re-appoint Messrs BDO as Auditors of the Company for the ensuing year and to authorise the
Directors to fix their remuneration. Resolution 4
SPECIAL BUSINESS
6. To consider and if thought fit, to pass the following as Ordinary Resolution in accordance with
Section 129(6) of the Companies Act, 1965 (“the Act”):
“THAT Mr Koo Hoong Kwan who is over the age of seventy years and retiring pursuant to Section
129(2) of the Act, be and is hereby re-appointed as a Director of the Company to hold office until
the next Annual General Meeting.” Resolution 5
To consider and if thought fit, to pass the following Ordinary Resolutions with or without modifications.

Inix Technologies diversifies into dredging and land reclamation.
Affin Research said Galactic’s maiden land reclamation project was for Benalec Maritime Sdn Bhd, for RM15.8mil in Klebang, Melaka.

http://www.thestar.com.my/Business/Business-News/2015/11/02/Inix-Technologies-diversifies-into-dredging-and-land-reclamation/?style=biz

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has awarded a contract to China Communications Construction Company (M) Sdn Bhd (CCCC Malaysia) to undertake the land reclamation works for Seri Tanjung Pinang Phase 2 (STP2) in Penang.

http://www.thestar.com.my/Business/Business-News/2015/10/28/China-firm-wins-RM2bil-Penang-reclamation-contract/?style=biz

Change in Principal Officer
BENALEC HOLDING BERHAD

Date of change : 13/04/2015
Name : Lim Sze Yean
Age : 42
Nationality : Malaysian
Type of change : Appointment
Designation : Chief Financial Officer
Qualifications (1) Fellow member of the Association of Chartered Certified Accountants (ACCA)
(2) Master of Business Administration from Rutherford University
Working experience and occupation Mr Lim started his career in 1996 with an audit firm and in 1999 joined a public listed company. He was promoted as Group Finance General Manager in July 2003 and was responsible for handling the group financial costing, internal control including overseeing the company's business growth.

In September 2005, he was re-designated as Group Finance Director and assisted in the planning of bond and equity raising for the Group. He has over 15 years of experience in various areas of finance including corporate finance, internal controls and risk management.

Change in Principal Officer
BENALEC HOLDINGS BERHAD
13/04/2015
Kenneth Chin Kah Kiong
Age : 41
Nationality : Malaysian
Designation : Chief Financial Officer
Gender: Male

Remarks :
Mr Kenneth Chin will relinquish office as Chief Financial Officer of Benalec Holdings Berhad with effect from 13 April 2015 as he has been re-assigned with other portfolios within Benalec Group.

Maintain hold with a lower target price of 56 sen from 60 sen: Benalec Holdings’ financial year 2015’s (FY15)’s core net profit made up 99% of our full-year forecast, but accounted for only 62% of consensus number.

http://www.theedgemarkets.com/my/article/melaka-contracts-main-support-benalec%E2%80%99s-earnings

Benalec Holdings Bhd managing director Datuk Vincent Leaw Seng Hai (pix), who has increased his stake in the land reclamation company on Christmas Eve denied that there is a boardroom tussle between him and his elder brothers.

"I better leave it to the Audit Committee to answer that (about the issue on the removal of directors), because I don't want this to be seen like a brother's fight," Seng Hai told the press conference after Benalec's AGM here last Friday.

http://www.thesundaily.my/news/916586

PUTRAJAYA, Mar 12 -- Prime Minister, Datuk Seri Najib Tun Razak and Crown Prince of Abu Dhabi, who is also Deputy Supreme Commander of United Arab Emirates (UAE) Armed Forces, General Sheikh Mohammed Zayed Al Nahyan witness the exchange of memorandum of understanding between International Petroleum Investment Company represented by its Managing Director, Khadem Al-Qubaisi, Datuk Mohammed Azhar Osman Khairuddin (seated second, right), Chairman of 1MY Strategic Oil Terminal Sdn Bhd, the Government of Johor represented by its Secretary, Datuk Obet Tawil (seated, second from right) and Spektrum Kukuh Sdn Bhd which was represented by its Group Managing Director, Datuk Vincent Leaw Seng Hai (second, right) at his office in Perdana Putra Building, here today.
General Sheikh Mohammed is on a one day official visit to Malaysia at the invitation of the Prime Minister.
--fotoBERNAMA (2013) COPYRIGHT RESERVED

http://images.bernama.com/foto/pages/view.php?ref=272856&search=General+News&order_by=resourceid&sort=DESC&offset=32&archive=0&k=

BENALEC deal off for Johor’s second largest reclamation project.

http://www.thestar.com.my/Business/Business-News/2015/06/11/Deal-off-for-Johor-reclamation-project/?style=biz

MATERIAL LITIGATION BENALEC HOLDINGS BERHAD (THE "COMPANY") KUALA LUMPUR HIGH COURT SUIT NO. 22NCVC-204-04/2015

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4763593

http://images.bernama.com/foto/pages/view.php?ref=272856&search=General+News&order_by=resourceid&sort=DESC&offset=32&archive=0&k=

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=507802:1mdb-shocker-new-documents-show-putrajayas-direct-ok-to-jho-low-linked-deals-amid-questions-over-najibs-stepsons-us$-100-mil-movie-investment&Itemid=2#axzz3Zd6QT4dg

The Greenland Holdings Group Ltd was looking to buy in Tanjung Langsat was leasehold and valued at some RM40 per sq ft as it was close to the Tanjung Langsat port, said the source, its sights on about 1,200 to 1,400 acres of industrial land near the Tanjung Langsat Industrial Complex (TLIC).

http://www.thestar.com.my/Business/Business-News/2015/04/07/Mega-land-deal/?style=biz

The funds, according to him was raised in March 2013 for a joint venture of 1MDB with an investment arm of the Emirates of Abu Dhabi called Aabar Investments.

The venture was reported to involve the setting up of a petroleum reserve in Tanjung Piai, Johor, and a strategic partnership in the Tun Razak Exchange.

http://www.freemalaysiatoday.com/category/nation/2015/03/17/pua-left-scratching-his-head-over-1mdbs-usd3-billion/

PUTRAJAYA- Malaysia dan Abu Dhabi menandatangani dua perjanjian perkongsian strategik bernilai RM39 bilion, juga merupakan rancangan membawa masuk modal bagi pembangunan Tun Razak Exchange (TRX).

Perdana Menteri Datuk Seri Mohd Najib bekata, daripada jumlah itu, RM18 bilion merupakan perjanjian perkongsian bersama 1Malaysia Development Berhad (1MDB) dan Aabar investments PJS (Aabar) yang akan merangsang pelaburan berbilion ringgit dalam projek jangka panjang di dalam negara.

“Abu Dhabi juga setuju bangunkan kemudahan penyimpanan petroleum dengan kapasiti 60 juta tong minyak mentah, di luar Pantai Tanjung Piai, Johor dengan anggaran kos sebanyak RM21 bilion yang akan merangsang aktiviti ekonomi yang signifikan,” kata Najib.

Penyimpanan pertroleum itu adalah usahasama Abu Dhabi bersama 1MY Strategic Oil Terminal Sdn Bhd (1MY) di atas tapak berkeluasan 1,000 hektar di Johor.

http://news.abnxcess.com/bm/2013/03/malaysia-abu-dhabi-tandatangani-perkongsian-strategik-bernilai-rm39b/?utm_source=rss&utm_medium=rss&utm_campaign=malaysia-abu-dhabi-tandatangani-perkongsian-strategik-bernilai-rm39b

Marine construction company Benalec Holdings Bhd is close to inking two major deals for its land reclamation project off Tanjung Piai in Johor, which will translate into investments exceeding RM35 billion.

http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=99621:benalec-set-to-seal-two-major-deals-exceeding-rm35bil?&Itemid=3#axzz3OKhh4upj

BENALEC
EP 0.865 - 0.875
CL 0.86
TP1 RM1.25 2-4 weeks (AMMB TP)
TP2 RM1.98 6-8 weeks (Affin Hwang Capital TP)

HIhihihihi.......

for those subscribe for the 283 million bonds at RM0.705 conversion price to a share of Benalec are the biggggg winner, those who bought above RM1 have to be patient......

Benalec Holdings Bhd received approval to reclaim some 1,400ha in the Straits of Johor that will be developed into an oil and gas hub. One too many oil and gas hubs.

http://www.thestar.com.my/Business/Business-News/2015/01/31/One-too-many-oil-and-gas-hubs/?style=biz

The Department of Environment’s approval for the Tanjung Piai reclamation project recently marks the budding of another petroleum storage and petrochemical hub.

http://www.thestar.com.my/Business/Business-News/2015/01/31/Leveraging-on-shipping-route/?style=biz

airlimau. yes in this forum is a platform for discussion not for teaching other person else……

Singapore has yet to receive official confirmation from Malaysia about two land reclamation projects in the Straits of Johor, reports Channel News Asia (CNA).
Local television reported Second Minister for Foreign Affairs Grace Fu as saying in Parliament today that a finalised Environmental Impact Assessment (EIA) report had also not been received.

http://www.mfa.gov.sg/content/mfa/media_centre/press_room/pr/2015/201501/press_20150120.html

Strong feel of spinner's manipulation Benalec share in this forum (can't say outright is manipulation, right, since no solid evidence). I would collect information about this spinner's activities and then submit to Bursa for investigation of manipulation.

Benalec Holding Target Prices : Source Affin Hwang Capital.
02-01-2015 TP RM0.74
23-12-2014 TP RM0.68
03-12-2014 TP Rm1.98
These so-called professional analyst’s target prices of Affin Hwang Capital and why they can convey quickly an analyst's point of view, or maybe a 'BUY' from the analyst's point of view and maybe is a 'SELL' to you…..

Mr Ah Ha, So many greedy gang in this conspiracy company, no wonder no transparent because we have people like that in this company, they pay themselves good incentives and higher directors fee as much as they like and nobody can stop them. This company control by this MD then he can pay himself what amount at what he like and paid higher fee to all this independent directors to kept them silence, so how can we of us minority shareholders to protect our interest. GREEDY directors team……extra cunning counter.

where. I agree and fully support as your quoted, the matter of fact are strong enough as you appear in this all of possessssssssssss.
1) share price dropped is matter of fact
2) MD highly remunerated is matter of fact
3) Board room tussle is matter of fact
4) Fund raising is matter of fact
5) Low dividend is matter of fact

29/12/2014 15:00