PETALING JAYA: Benalec Holdings Bhd
could see a possible 30% upside after an AMResearch analyst rated the stock a “buy” with an unchanged fair value of RM1.31 per share or a 45% discount to its sum-of-parts (SOP) value.
This follows the company’s announcement that it had extended the deadline for a binding term sheet with 1MY Strategic Oil Terminal Sdn Bhd and The State Secretary Johor Inc for a further six months to June 11, 2014.
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