网站：http://www.benalec.com.my/
Malaysia's second largest marine construction firm
Company Overview
Benalec Holdings Berhad, an investment holding company, provides marine construction services. Its marine construction services include land reclamation, dredging, and beach nourishment; rock revetment works, shore protection works, and breakwater construction; pre-bore and marine piling; and construction of marine structures, bridges, jetties, ports, and other offshore and ancillary structures. The company also provides ship chartering services for transportation of sand, bulk materials and cargo, construction materials, oversize cargo, heavy construction equipment, coal, livestock, and timber logs within south east Asian waters; and bulk cargo transportation services involving the shipment...
Benalec Holdings Berhad, an investment holding company, provides marine construction services. Its marine construction services include land reclamation, dredging, and beach nourishment; rock revetment works, shore protection works, and breakwater construction; pre-bore and marine piling; and construction of marine structures, bridges, jetties, ports, and other offshore and ancillary structures. The company also provides ship chartering services for transportation of sand, bulk materials and cargo, construction materials, oversize cargo, heavy construction equipment, coal, livestock, and timber logs within south east Asian waters; and bulk cargo transportation services involving the shipment of building materials, coal, iron ore, and heavy equipment. It serves companies and authorities involved in marine and coastal environments, property development, maritime and logistics, and civil works and agriculture in Malaysia and Singapore. The company was incorporated in 2005 and is headquartered in Shah Alam, Malaysia.
相关新闻：
進軍印越‧宏洋售股集資1億
* 大馬財經
2010-12-28 19:07
（吉隆坡28日訊）計劃在明年1月17日上市大馬交易所主板的宏洋控股（BENALEC HOLDINGS）希望藉上市集資1億令吉，其中90%將供作現有工程計劃的融資用途，並放眼在2至3年內將業務擴大至印尼及越南市場。
宏洋控股業務涉足洋流建築服務和租船業務，惟要以洋流建築為主要盈利來源，貢獻89%盈利，目前仍持有總值8億5千570萬合約在手，其中6億6千410萬為未完成工作，估計要到2016年才能完全運送。
宏洋控股董事經理廖成海在出席招股書推介儀式後指出，已開始嘗試開拓海外市場，眼前計劃聚焦首先落在新加坡，會在當地設立分部，攫取洋流建築工程合約。
目前，該公司僅在新加坡提供船務出租服務，洋流建築服務暫未在當地展開。
“我們也放眼在2至3年後進軍印尼及越南市場，但相信會透過聯營模式進行，以降低投資風險，公司目前還持有約6項未完工程在手，而且另外競標4至5項計劃，惟暫時不方便透露具體價值。”
截至6月
淨利5838萬
截至2010年6月30日止財政年，宏洋控股報淨利5千838萬1千令吉，較前期1千726萬6千令吉猛漲238%，營業額則報1億1千647萬8千令吉，較前期1億2千零93萬7千令吉。
透過上市，宏洋控股將發行1億股新股，每股首次公開售價1令吉，籌集1億令吉資金；其中，9千萬令吉將用來融資現有工程計劃、350萬作為營運資本和650萬令吉上市費用。
宏洋控股招股摘要
公開發售：1億股新股
公眾申請：3千650萬股
合格董事及雇員：650萬股
私下配售予特定投資者：5千700萬股
公開獻售：1億3千萬股
首次售價：1令吉
面值：25仙
星洲日報／財經‧2010.12.28
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Benalec targets regional growth KUALA LUMPUR: Integrated marine construction firm Benalec Holdings Bhd, en route to a listing on the local bourse on Jan 17 next year, is gearing up for regional expansion while looking to increase its strength in Malaysia, said its group managing director Vincent Leaw Seng Hai at the launch of the company’s prospectus here yesterday. Benalec says in its prospectus that, within Malaysia, it will focus on larger-scale marine construction projects and plans to diversify the geographical locations of its projects to Penang, in addition to its current jobs centred in Selangor, Johor and Melaka. Benalec, the country’s second largest marine construction firm by market share, is believed to be eyeing the land-reclamation work for the 24km-long Penang Second Bridge project. A source said that nothing had been firmed up at present but observed that it was a “natural progression” for Benalec, since the company had considerable land-reclamation experience in Malacca. When asked, Leaw said the company had submitted tenders for five projects in Malaysia and Singapore.He declined to disclose more details about the tenders. In his speech at the launch, Leaw said the company expects to see higher demand for land reclamation work over the coming years. According to Benalec’s prospectus, 89% of its revenue in FY2010 ended June 30, was derived from marine construction works in Malaysia while the remaining 11% was from its ship chartering business in Singapore. The company’s cost advantages and strengths in its niche business are evident in its high profit margins, which are in sharp contrast to the thin margins earned by other companies in the industry. Benalec’s net profit margin hovered between 14.31% and 50.13% from FY2008 to FY2010. Its earnings per share have grown at a compounded annual rate of 63% over the last three financial years. In an earlier interview with The Edge Financial Daily, Leaw said Benalec’s cost of construction was comparatively lower than its construction peers as it incurred only sand, fuel and labour costs. Its current customer base includes Malaysia’s federal and state governments, the Singapore government and private companies that are mainly from the power, property, construction, travel and leisure, and logistics sectors, he added. After launching the prospectus, Leaw told a press conference that Benalec had set up its Singapore branch and was in the midst of obtaining the required licenses to enable it to bid for marine construction contracts there. Currently, Benalec provides ship chartering services in Singapore to its related company Oceanlec Pte Ltd, a company controlled by Leaw and several Benalec directors. In 2008, Oceanlec won a contract from the Singapore government worth S$250 million (RM598.8 million) to supply construction material from Vietnam and Cambodia for the Tuas View reclamation project in Singapore.Benalec is also looking to expand to Indonesia and Vietnam in the next two to three years via joint-ventures with local companies for marine construction jobs, Leaw said. When contacted, an analyst said, the more tangible route for regional expansion for Benalec would be via Singapore. “If they can get jobs in Singapore, it will be a testament to their abilities. Singapore will be a springboard for them. Good markets for land reclamation are countries like Macau, Japan, Hong Kong and Singapore,” said the analyst at a local research house. The analyst also noted that one of Benalec’s advantages is its low cost base, making it an attractive contender for projects. Established in 1960 as an earthworks and general contractor, Benalec has since moved into providing marine construction services, such as land reclamation, dredging, marine piling as well as vessel chartering, support services, shipbuilding and refurbishment. Moving forward, Benalec also plans to expand its marine transportation segment by pursuing large contracts for the transportation of construction materials from Vietnam and/or Myanmar to Singapore in FY2011 ending June 30. It is also targeting contracts for the transportation of construction materials in the Middle East and diversifying into oil and gas offshore transportation to provide long-term anchor-handling tug supply (AHTS) charter services to key players in the O&G sector. Benalec is also preparing to grow its shipbuilding business by expanding its shipyard near Port Klang to undertake the building, repair and maintenance of larger ships. Benalec, said it currently has RM855.7 million worth of contracts in hand with a total unbilled amount of RM664.1 million with expected completion up to 2016. The largest project in its order book is an unbilled RM468 million contract for reclamation and shore project works for 720 acres in Klebang, Melaka. The project is expected to kick off in 2011, with completion targeted in 2016. Benalec, headed for a listing on Bursa Malaysia’s Main Market, is offering 100 million new shares of 25 sen each at an issue price of RM1 each. Of the 100 million new shares, 36.5 million will go to the public spread, 6.5 million to its employee share option scheme and 57 million for private placement. Benalec is also offering 130 million existing shares of which 73 million is for approved bumiputera investors and 57 million for private placement. Upon listing, Benalec’s paid-up share capital will be RM730 million. The company is expecting to raise RM100 million from the IPO, 90% of which will be used to finance two ongoing projects in Melaka, and another project, also in Melaka, which is expected to commence next year. Benalec also said it will allocate RM3.5 million from its IPO’s gross proceeds for working capital and the remainder to defray listing expenses. “Our cash and cash equivalent balance will increase to approximately RM109.9 million after the listing. This will allow us to internally fund our operations without being overly dependent on external funding, giving us the flexibility to pursue investment and/or joint venture opportunities in a timely manner,” it said in the prospectus. According to its proforma consolidated results, Benalec’s net profit in its FY2010 ended June 30,tripled to RM58.38 million from RM17.27 million a year ago despite a 3.82% drop in revenue to RM116.48 million from RM120.94 million a year ago. As at June 30 this year, net earnings per share surged to 9.27 sen from 2.74 sen in FY2009 while its profit after tax margin rose to 50.12% from 14.28% a year ago. |
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