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PETALING JAYA: Benalec Holdings Bhd plans to start reclamation works in Tanjung Piai, Johor, in August this year.
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.