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Initiate Coverage – Benalec Hldgs (TRADING BUY, TP: RM1.98) - Bounty from the sea




Affin Hwang Investment Bank Bhd


09 Jun 2013





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Malaysia’s leading land reclamation company; Key strengths Founded by Leaw Eng Chang in 1960 and now managed by the Leaw brothers, Benalec is today a leading land reclamation company with key competitive strengths - an excellent track record of innovation and timely completion of jobs, Integrated operations with a large and comprehensive fleet of vessels, superior operating margins further boosted by land sale profits, and large land reclamation concessions in Melaka and Johor.

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