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KUALA LUMPUR: The fate of the Tanjung Piai petroleum hub and industrial park is now uncertain following the expiry of the binding term sheet for the Tanjung Piai reclamation works agreement on Thursday.
HONG Leong Bank Bhd (HLB) is expected to embark on a rights issue exercise to raise its fully-loaded common equity tier 1 (CET1) ratio to at least 10 % from 8.1%. CET1 is one of the measures of a bank’s financial strength.
PETALING JAYA: Shares in Benalec Holdings Bhd climbed yesterday in active trade after the company received the green light from the Department of Environment (DoE) to commence reclamation work for its Tanjung Piai petroleum hub and industrial park off Johor.
KUALA LUMPUR: Benalec Holdings Bhd's share price slid to a low of 91.5 sen on Tuesday after it posted net losses of RM15.62mil in the fourth quarter ended June 30, 2014 from RM4.04mil a year ago.
KUALA LUMPUR: AmResearch is maintaining its Buy call on Benalec Holdings with a revised fair value of RM1.25 a share from RM1.31 a share previously.
KUALA LUMPUR: Affin Research has maintained its Trading Buy on Benalec with a target price of RM1.98 based on a positive outcome in the signing of a definitive Sale and Purchase Agreement with 1MY Strategic Oil Terminal, and commencement of land reclamation works for the Tanjung Piai and Pengerang concessions in Johor.