when the market is pessimistic, usually it is a good time to buy...........

Is better be a steady investor rather than a reckless investor.....

Buy rate still strong... another round is imminent.....

hold and just accept with a pinch of salt loh........

So keep or retract of Benalec........

DBHD reached to RM 1.90+++ but fall down much faster than gravity in this few days.......

AAX seems goin to breakout but still hovering, time to accumulate more.....

taciturn, tshwong & samsung555, I checked with my source this morning and was told that EIA approval is well advanced and on track. He had assumed EIA to have been approved because the company is currently mobilising its resources for starting reclamation work in Tanjong Piai. He further said that the Terms of Reference (TOR) for the EIA process has been approved for some time now and should be posted on the DOE website anytime soon, if it has not been posted already. As always, I will try to share accurate information as far as possible, but the caveat is that there is no guarantee. So, please be guided accordingly.

Posed by SavvyOne on 25/04/2014 11:30---So good news is coming soon.

Malaka Gateway news

http://www.nanyang.com/node/618648?tid=460

HOCK Seng Lee (HSL) announced that it had clinched an infrastructure project at the Samalaju Industrial Park in Bintulu, valued at RM73.7mil and due for completion by the first quarter of 2016. This is the first major contract for HSL in 2014.

The contract sum is on track with the research house’s financial year ending Dec 31, 2014’s (FY14) total new order book assumption of RM600mil. In fact, according to management, in the year-to-date basis, inclusive of this contract, HSL has already secured RM129mil worth of contracts as during the past four months, some smallish jobs were also secured.

Hence, it is estimated, by now, that its outstanding order book would have reached RM1.22bil from RM1.10bil previously. The order book will last two years.

Given its status as the market leader, coupled with the vibrant Sarawak’s growth story, it is reaffirmed that HSL would be one of the major beneficiaries of the sustained development of infrastructure projects in Sarawak. This is evidenced from it consistently securing more than RM500mil worth of jobs per annum since 2012.

It is believed that HSL’s offered potential total return would be 24% (including dividend yield 2.6%).

HSL is one of the biggest contractors in Sarawak majoring in marine engineering and it possesses bright earnings visibility.

The target price of RM2.31 is based on a forward price to earnings ratio of 11 times FY15 earnings.

Master SavvyOne when Benalec convene the EGM ??????

SavvyOne Realistically, I expect the big big price move to come shortly after the EGM.

Posted by SavvyOne on 23/04/2014 16:53

DBHD will next to be Ecoworld, targetting DBHD cheap house project will be on the way, it more valuable........

DBHD fit in TURBO and INTERCOOLER for more power to speedup next week hold tight VROOOOOOOOOOOOO..........

Alam is cooking now, wants to raise soonest..........

usually it is a good time to buy...........

poorrman hope Captain WIN can started double turbo and drive up and up.....

DBHD can be more optimistic this round……

Benalec, Destini shares sold at substantial discount

PETALING JAYA: Benalec Holdings Bhd and Destini Bhd saw a substantial block of their shares being traded off-market at a significant discount yesterday.

A filing with Bursa Malaysia indicated that Benalec managing director Datuk Leaw Seng Hai had disposed of a block of his 45 million shares in Benalec via an off-market transaction at 77 sen apiece.

This represented a discount of 13.5 sen, or 14.9%, to Benalec’s last-traded price. The counter yesterday gained one sen to close at 90.5 sen on a volume of 5.87 million shares.

The block of shares that Leaw had sold represented a 5.57% stake that he had indirectly held in Benalec via Oceancove Sdn Bhd and Oceanview Cove Sdn Bhd. Following the disposal, Leaw still has an indirect interest of 47.33% and direct interest of 0.055% in the marine and civil engineering-based company.

Destini, on the other hand, saw 31.12 million shares, or a 4.3% stake based on its paid-up of 721.96 million shares, cross off-market at 35 sen per share.

This represented a discount of 22 sen, or 38.6%, to Destini’s closing price of 57 sen. The counter yesterday fell five sen on a volume of 2.19 million shares.


http://www.thestar.com.my/Business/Business-News/2014/04/10/Benalec-Destini-shares-sold-at-substantial-discount/

hopefully can fly up and up next week and above RM1.50 as you said......

market sentiment poor, be able to buy cheap is aopportunity to further collect.....

never mind DBHD is just temporary injured only, watchup next week......

Master SavvyOne, where can I get Benalec EIA approval info........

TAS Offshore Bhd’s earnings jumped 200% to RM7.26mil in the second quarter ended Nov 30, 2013 from RM2.42mil a year ago, aided by the sale of a tug boat.

TAS Offshore, whose core activities are shipbuilding and ship repairs, said on Monday its revenue rose 59.6% to RM49.04mil from RM30.72mil. Its earnings per share were 4.13 sen compared with 1.38 sen.

For the first half ended Nov 30, 2013, its earnings increased by 208% to RM15.79mil from RM5.12mil in the previous corresponding period. Its revenue was 62.2% to RM78.68mil from RM48.49mil - thestar

price already stabled down. looks like its not going down further despite placement at 1.35. majority of shareholders must had viewed it as a good exercise towards company growth. of course the people who makes the most are those who took up the placement

KUALA LUMPUR: AirAsia Bhd has signed a brand licence agreement with Thai AirAsia X Co Ltd (TAAX), a Thai joint-venture company of AirAsia X Bhd, in relation to the use of the brand name, trademark and logos of AirAsia X in Thailand.

In a filing with Bursa Malaysia yesterday, AirAsia said under the agreement, TAAX would be allowed to use the AirAsia brand in the same manner and approach as AirAsia X within the AirAsia group of airlines. – Bernama

Savvy investors Tan Sri Quek Leng Chan (pic) and his associate, Paul Poh, are buying a 15.53% stake in Alam Maritim Resources Bhd at RM1.35 per share, confirming StarBiz’s report earlier this week.

Offshore support vessel (OSV) operator Alam Maritim said in Bursa Malaysia filings that it had entered into an agreement with companies owned by Quek and Poh to collectively sell them 123 million shares, which will raise some RM166.05mil. The proceeds will be used to acquire a new OSV vessel as well as retire some of its debt.

Quek’s vehicle, Associated Land Sdn Bhd, will be buying 60 million new Alam Maritim shares for RM81mil, while Poh’s Caprice Capital Intl Ltd will take up 63 million shares worth RM85.05mil.

Alam Maritim said the share placement enabled it to raise additional funds without having to incur interest expenses, and that the exercise was more “expeditious” than a rights issue.

The company also added that the rationale for placing out the shares to Quek and Poh would help strengthen Alam Maritim’s equity base, “which, in turn, may potentially increase the liquidity and marketability of its shares.”

The proposed share issuance will need to be approved by Alam Maritim’s shareholders at an EGM to be convened later. It will also need Bursa Malaysia’s approval.

On the utilisation of the proceeds, Alam Maritim said some RM67mil would be allocated to acquire a new vessel or general working capital, RM95.08mil as repayment of bank borrowings and RM3.8mil for expenses related to the proposed share issuance.

Alam Maritim’s gearing will be reduced to 0.67 times after the share placement from 1.07 times as at Dec 31, 2012.

In a recent interview with StarBiz, Alam Maritim’s executive director and chief operating officer, Shaharuddin Rahmad, had said the company was looking to raise funds to pay for a diving support vessel that it intended to acquire.

Hong Leong Group’s Quek has been especially active in the market. In May last year, he emerged as a substantial shareholder in TH Heavy Engineering Bhd.

Last week, Quek took up 100 million shares in Singapore-listed Ezion Holdings Ltd, another OSV player.

In February, Quek and Poh, along with Lembaga Tabung Haji (LTH) and Norwegian fund Norges, had bought 268.78 million shares in Scomi Energy Bhd that were sold by Standard Chartered Private Equity Ltd.

Poh, a former long-serving employee of the Hong Leong Group, acquired about 40% of the block of Scomi Energy shares via his private investment vehicle Caprice Capital.

Quek, who controls the Hong Leong Group, took up the second-largest portion of 30% or 80 million shares.

Following the share placement, Alam Maritim’s major shareholder SAR Venture Holdings (M) Sdn Bhd’s stake will be diluted to 37.69% from 43.47%, while the current second-largest shareholder LTH will see its 10.39% stake being reduced to 9.01%.

DBHD lacked of power today wait sootan pump in the project then........

be patience more more to come......

master Savvy now is the righ time to accumulate Benalec share???......any tip....

no guts no glory!!!!

AAX temporary injured only be patience will fly soon.....

can be more optimistic this round…….

Dialog Bhd’s Pengerang Independent Terminals Sdn Bhd (PITSB) welcomed the first vessel carrying fuel for its petroleum and crude storage facility in Pengerang on Saturday, marking the start of its oil storage operations there.

MT Vinalise Glory, which arrived from the Middle East, became the first ship to dock at the terminal which offers crude oil storage facilities for trading purposes.

“This is a historic moment as we work towards the transformation of Pengerang into a regional oil and gas hub like what’s Rotterdam to Europe,’’ said Dialog Group Bhd executive chairman Dr Ngau Boon Keat at a briefing.

Dialog’s facility will raise competition in the crude oil storage business that is generally dominated by operators in Singapore currently.

Ngau, who is also PITSB chairman, said the company was confident that Phase One of Pengerang Terminal operated by PITSB would serve its purpose to meet the growing need for storage capacity of crude oil and petroleum products in the Asian region.

He said PITSB was currently in talks with two potential investors to develop additional terminals under Phase Two and Three of the independent terminal project.

“We have allocated about 80.93ha for Phase Two and Three of the development and the investment is likely to be more than what have been invested in Phase One,’’ he said.

Phase One covers 60.70ha of reclaimed seabed land, with initial storage capacity of about 1.3 million cu m, cost RM2bil. This is small compared to Singapore, which boast a capacity of 20 million cu m. However, a scarcity of land in Singapore has been a stumbling block for its expansion.

Dialog’s independent trading terminal and dedicated liquefied natural gas terminal has a total four storage tanks with a capacity of 160,000 cu m each and involved a total investment of RM4bil.

Upon completion, the deepwater petroleum terminal would be able to handle the storage, blending and distribution of crude oil and petroleum products. It is owned by PITSB, a joint venture between Dialog Group, Royal Vopak and State Secretary Johor Inc.

Phase 1A was completed last month and consists of 25 tanks with a total storage capacity of 432,000 cu m for clean petroleum products.

Vopak Asia division president Patrick van der Voort said the Pengerang independent oil terminal (Phase One) was one of Vopak’s most important projects in Asia, catering to the growing energy demand in the region.

“We have added Pengerang Terminal into our global network of 80 terminals across 29 countries and are looking forward to serving our customers at the new terminal,’’ he said.

SavvyOne any ratiocination of your reckon after EGM the share price will definitely be higher.

ya coming annoucement will be relate to O&G REPID project in Johor........RM2 soon....

be patience the show will be coming soon........watchup.....

Have faith in this counter, still need more volume to break the resistance level.........

AmResearch: Federal approval for E&O reclamation very significant

KUALA LUMPUR: AmResearch views the Department of Environment conditional approval for Eastern & Oriental's subsidiary to undertake the reclamation of Phase 2 of Seri Tanjung Pinang (STP2) at Tanjung Tokong, Penang as a "very significant one".

It said on Monday that E&O might soon proceed to call for tender proposals for the reclamation of the 760 acres at STP2 once it receives formal approvals from the Penang state government.

"The latter had already granted E&O conditional approval for STP2 in April 2011. Formal submission to the state government would soon be in motion," it said.

Earlier Monday, E&O said its subsidiary Tanjung Pinang Development Sdn Bhd (TPD) had received the conditional approval for the detailed environment impact assessment study and conceptual masterplan for the Phase 2.

AmResearch is maintaining its Buy rating on E&O and raised its fair value from RM3 a share to RM3.90 a share -- based on a 15% discount (previously 35%) to its unchanged net asset value of RM4.61 a share.

"We have assigned a significantly lower discount to our NAV as regulatory risks dissipate with the approval from the DoE, Ministry of Natural Resources and Environment for the Detailed Environmental Impact Assessment (DEIA) study and conceptual masterplan for STP2," it said.

This is a site dedicated to the ancient art of the argument. Whether you are looking for a heated debate on wild allegations or the meaning of life, or want to shout at someone for no better reason than it feels good, this is the place to do it.

RAPID booster from Pengerang Integrated Complex

The Pengerang Integrated Complex (PIC) is one big step in creating value to the downstream oil and gas value chain in Johor. Sited in Pengerang, the project will house oil refineries, naphtha crackers, petrochemical plants as well as a liquefied natural gas (LNG) import terminal and a regasification plant.

In PIC, oil refining facilities will add value to imported crude oil via the Pengerang Independent Deepwater Petroleum Terminal (PIDPT) that is undertaken by a joint-venture between DIALOG Group of Malaysia, Royal Vopak of Netherlands and Johor State Secretary Incorporated (SSI) for an estimated cost of RM 5 billion. Construction of Phase 1 of the project should have been completed by Q1 2014 and Phase 2 of land reclamation is in progress. The total storage capacity available at PIDPT is planned for 5 million cubic metres by the year 2020.

The second mega-project within PIC is the just approved USD 16 billion Refinery and Petrochemical Integrated Development (RAPID) and USD 11 billion associated facilities by PETRONAS. The project is poised for its refinery start-up by early 2019. Developed within a 6,242-acre site, it will consist of a 300,000 barrels a day (bpd) refinery and petrochemical complex with a combined capacity of producing 7.7 mtpa of various grades of products including differentiated and specialty chemicals products such as synthetic rubbers and high grade polymers. In addition, the associated facilities shall include raw-water supply and power co-generation plants, and a LNG regasification terminal.

Daing A. Malek said going forward, it would actively be involved in the economic activities in Iskandar Malaysia and the Pengerang Integrated Petrochemical Complex in Kota Tinggi.

The shareholders of Seaview are Daing A. Malek, Abdul Aziz and Daing Abdul Rahim.

AAX hibernated for quite long time is time to wakeup buy................do miss this plane

AAX show time coming go go go !!!!!!!!!!

when can the AAX show to be perform.......

be patient wait Pengerang Integrated Petroleum to start soon then sure wiil crossing RM1.......

1.Introduction
Spektrum Kukuh Sdn. Bhd. (“SKSB”), a 70% owned-subsidiary of Tanjung Piai Maritime Industries Sdn. Bhd., which in turn is a wholly-owned subsidiary of Benalec Sdn. Bhd., which in turn is a wholly-owned subsidiary of Benalec, had on 12 March 2013 entered into a binding term sheet (“Term Sheet”) with The State Secretary, Johor (Incorporated) (“S.S.I.”) and 1MY Strategic Oil Terminal Sdn Bhd (“the Purchaser”) to undertake the reclamation works and sale of approximately 1,000 acres of land off the coast of Tanjung Piai, Johor Darul Ta’zim (“the Land”) for the purpose of constructing and operating a crude oil and petroleum storage facility together with a private jetty (“Project”).
(SKSB, S.S.I. and the Purchaser are collectively referred to as “the Parties”.)
2.Status
Further to the announcements made on 12 March 2013, 12 June 2013, 17 June 2013, 11 September 2013 and 12 December 2013 with regards to the Term Sheet, the Parties are in the midst of finalising the terms and conditions of the Sale and Purchase Agreement.

*******The Parties are in the midst of finalising the terms and conditions of the Sale and Purchase Agreement.*******

Coming soon............................






This announcement is dated 19 March 2014

Benalec disposal the 22 parcels of leasehold land at Malaka for RM235.1 million, Benalec expected to realise after tex gain of RM58.49 million, which translated to gain RM0.07 per share to the company.

http://www.theedgemalaysia.com/business-news/281397-benalec-holdings-to-dispose-of-22-parcels-of-land-for-rm2351-mln.html

Information on SKSB
SKSB was incorporated in Malaysia on 25 April 2011 under the Companies Act, 1965. The authorised share capital of SKSB is RM100,000.00 divided into 100,000 Ordinary Shares of RM1.00 each, of which Ringgit Malaysia Ten Thousand Only (RM10,000.00) divided into 10,000 Ordinary Shares of RM1.00 each have been fully issued and paid-up. Following the Acquisitions, SKSB is now a subsidiary of TPMISB with the remaining share capital held by Tunku Ismail Idris Ibni Tunku Ibrahim and Daing A Malek Bin Daing A Rahaman holding 21% and 9% of the shares in the capital of SKSB respectively. The Directors of SKSB are Tunku Ismail Idris Ibni Tunku Ibrahim, Daing A Malek Bin Daing A Rahaman, Leaw Seng Hai, Datuk Leaw Tua Choon and Leaw Ah Chye.

The intended principal activity of SKSB is property investment holding.

already passed 0.95 RM1 is coming buy...........