【BENALEC 5190 交流专区】宏洋控股

傻人最有傻福

Notice of Shares Buy Back by a Company Pursuant to Form 28A

Reference No BH-120229-59251

Company Name	:	BENALEC HOLDINGS BERHAD
Stock Name	:	BENALEC
Date Announced	:	05/03/2012

Date of buy back from	:	29/02/2012
Date of buy back to	:	29/02/2012
Currency	:	Malaysian Ringgit (MYR)
Total number of shares purchased (units)	:	10,000
Minimum price paid for each share purchased ($$)	:	1.280
Maximum price paid for each share purchased ($$)	:	1.280
Total amount paid for shares purchased ($$)	:	12,893.64
The name of the stock exchange through which the shares were purchased	:	Bursa Malaysia Securities Berhad
Number of shares purchased retained in treasury (units)	:	10,000
Total number of shares retained in treasury (units)	:	410,000
Number of shares purchased which were cancelled (units)	:	0
Total issued capital as diminished	:	0
Date lodged with registrar of companies	:	05/03/2012
Lodged by	:	Tricor Corporate Services Sdn Bhd

yatlokfatt

Benalec gets boost from Melaka land sale

By Kamarul Azhar of theedgeproperty.com Tuesday, 06 March 2012 17:02

PETALING JAYA (Mar 6): Integrated marine engineering outfit Benalec Holdings Bhd is slated to make a net gain of RM8 million from the sale of two plots of land in Melaka to Asal Harta Sdn Bhd for RM18 million, or RM45 per sq ft (psf). To recap, Benalec announced on Feb 28 that its unit Benalec Land Sdn Bhd had entered into a sale and purchase agreement with Asal Harta for the two plots measuring about 225,422.29 sq ft and 169,752.78 sq ft respectively, for a total cash consideration of almost RM18 million. The land is reclaimed land received as payment for reclamation projects in Melaka. Research firms such as Kenanga Research had previously forecast a sale at RM28 psf. "We believe [the higher price] could be due to the land being used for different types of development, such as a high-rise building, and hence is able to fetch a premium sale price," Kenanga said in a report. As a result, the firm has revised upwards its FY12 earnings forecast for Benalec by 13%, after imputing a higher average selling price for the group's landbank to RM30 psf from RM28 psf previously. It also expects the company to book a net gain of RM8 million from the latest land disposal. Kenanga's net profit forecast for Benalec's FY12 ending June is RM116.5 million on the back of RM237.8 million in revenue. This marks an improvement of 21.3% and about 10.9% respectively from FY11, when the company raked in RM96 million in net profit from RM214.5 million in sales. "We have also factored in a bigger land sales forecast in FY12 to about 80 acres (32ha) from 50 acres previously," added the research firm, which has an "outperform" call on Benalec's shares and a target price of RM2.60 based on a sum-of-parts valuation. For 1HFY12, Benalec posted a net profit of RM57.77 million on the back of RM101.47 million in revenue, while earnings per share stood at 7.8 sen. In the previous corresponding period, it posted a net profit of RM48.87 million on RM97.43 million in sales. Benalec said in its notes which accompany its financials that the increase in revenue was mainly due to increased activities in the reclamation works undertaken in Melaka and Port Klang, and the increase in profit was due to an increase in net gain on the sale of land of RM15.5 million. Benalec's prospects seem bright, buoyed by "future projects in the pipeline that exists particularly in Penang, Melaka, Iskandar Malaysia, Port Klang and the Sarawak Corridor of Renewable Energy (Score)", the company said in the notes that accompany its financials. Kenanga seems equally bullish on its prospects. "Benalec recorded a RM35 million profit from land sales, which already meets our full-year FY12 forecast of RM34 million," said the research firm. "Management indicated that there will be more land sales in 2HFY12, which could easily breach the RM45 million mark. As at 1HFY12, Benalec had successfully sold about 67 acres of land at an average selling price of RM28 psf." The company's proposed oil and gas (O&G) terminal development in Tanjung Piai and Teluk Pengerang could also excite with more land reclamation works, added Kenanga. In November last year, Benalec secured an agreement in principle from the Johor State Economic Planning Unit to develop 5,245 acres of prime seafront land in South Johor. It also signed an MoU with Singapore-based Rotary Engineering to co-develop an integrated petroleum storage facility on 250 acres of reclaimed land at Tanjung Piai to complement the O&G petrochemical hub in Jurong, Singapore, which is just 17km away. These ventures were well-received by the investing public, resulting in a run on the company's shares. Benalec closed one sen down at RM1.25 on Monday. The counter has slipped almost 7% since the beginning of the year.

傻人最有傻福

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yatlokfatt 发表于 6-3-2012 09:35 PM

   價錢不會上的？

yatlokfatt

价值决定在于公司的收益表现，短期可能跟股市市场脱节。但长期来说，股价谅必反映其价值!

傻人最有傻福

回复 84# yatlokfatt


   今天好恐怖！！！老大，你手上多股？
目標價？

傻人最有傻福

来了来了

傻人最有傻福

快点下来RM1.22 ， 我在等你呢

傻人最有傻福

快点下来RM1.22 ， 我在等你呢
傻人最有傻福 发表于 15-3-2012 09:45 AM

    等到RM1.22了

傻人最有傻福

等到RM1.22了
傻人最有傻福 发表于 15-3-2012 10:48 AM

    哈哈哈RM1.26了

傻人最有傻福

要买的人快咯...这个星期会到RM1.28-RM1.30

傻人最有傻福

要买的人快咯...这个星期会到RM1.28-RM1.30
傻人最有傻福 发表于 26-3-2012 10:24 AM

看来很多contra kaki知道消息...谁知道庄家不要扶盘

lhchong72

你买很多吗 为何看好他呢 他好像是独霸生意来的。

傻人最有傻福

回复 92# lhchong72


   非常看好 新股，还没有很多人喜欢，但是越来越多投资银行开始cover这股了消息.....这星期可能会到RM1.28-1.30

lhchong72

放一年半载会有看头吧

mxm

回复 93# 傻人最有傻福


   1.13守不住的话。。可要买惊风散了

傻人最有傻福

回复 95# mxm


    谢谢，我相信不会到rm1•13

xiaoxin22

回复  mxm


    谢谢，我相信不会到rm1•13
傻人最有傻福 发表于 26-3-2012 08:23 PM

    哈哈! 不可能发生? 我看下周应该会低过1.10......... 时日不久 !

mxm

回复  mxm


    谢谢，我相信不会到rm1•13
傻人最有傻福 发表于 26-3-2012 08:23 PM

   。。。。。。准备咯

木头远

。。。。。。准备咯
mxm 发表于 29-3-2012 10:08 PM

downtrend..... 1.13 指日可待

傻人最有傻福

哈哈! 不可能发生? 我看下周应该会低过1.10......... 时日不久 !
xiaoxin22 发表于 29-3-2012 12:11 AM

   时日不久两个星期还没到RM1.10哦....还会下