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Business 16 Jun 2015 | 12:00 AM

Benalec to start Johor reclamation works in August

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

Business 12 Jun 2015 | 12:00 AM

Benalec calls off works at Tanjung Piai

PETALING JAYA: Benalec Holdings Bhd’s agreement for the planned reclamation works at its Tanjung Piai petroleum hub and industrial park in the Straits of Johor has lapsed and it does not intend to pursue the matter any further.

Corporate News 30 Aug 2014 | 12:00 AM

Benalec land sale to boost earnings

DESPITE the significant losses reported by Benalec Holdings Bhd in its fourth quarter of RM15.63mil for the period ended June 30, 2014, the company’s executives say it was a kitchen-sinking exercise.

Analyst Reports 26 Aug 2014 | 11:37 AM

Benalec under selling pressure after Q4 net losses

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.

Analyst Reports 26 Aug 2014 | 9:55 AM

AmResearch keeps Buy call on Benalec, ups fair value

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.

Analyst Reports 13 Jun 2014 | 9:09 AM

Affin Research maintains Trading Buy on Benalec

KUALA LUMPUR: Affin Research has maintained its Trading Buy on Benalec with a target price of RM1.98, hinging on its massive land reclamation concessions in Tanjung Piai and Pengerang.

Business 21 Mar 2014 | 9:45 AM

Affin Research maintains Trading Buy on Benalec

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.

Business 14 Dec 2013 | 12:00 AM

Possible upside for Benalec following 'buy' call

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.

Business 13 Dec 2013 | 12:00 AM

Benalec terminates land sale pacts

KUALA LUMPUR: Benalec Holdings Bhd has terminated its sale and purchase agreements (SPAs) with Highbond Capital Sdn Bhd and Gigayear Revenue Sdn Bhd for the disposal of eight pieces of land for RM54.3mil cash.

Business 28 Nov 2013 | 12:00 AM

Benalec shares fall on disappointing Q1 results

PETALING JAYA: Shares of Benalec Holdings Bhd fell to a record low of 94 sen, below the company’s initial public offering of RM1 following the announcement of a disappointing first quarter ended Sept 30 financial results.