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KLSE : AZRB       AHMAD ZAKI RESOURCES BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.775 1.19     +0.415 (53.55%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
18/04/2014 0.815 0.96 +0.145 (17.79%) BUY RHB Price Target News
14/04/2014 0.77 0.96 +0.19 (24.68%) BUY RHB Price Target News
03/03/2014 0.825 1.13 +0.305 (36.97%) HOLD ALLIANCE Price Target News
16/01/2014 0.89 1.33 +0.44 (49.44%) BUY RHB Price Target News
16/01/2014 0.89 1.40 +0.51 (57.30%) BUY ALLIANCE Price Target News
19/12/2013 0.91 1.15 +0.24 (26.37%) BUY ALLIANCE Price Target News
02/12/2013 0.93 1.33 +0.40 (43.01%) BUY RHB Price Target News
02/12/2013 0.93 1.15 +0.22 (23.66%) BUY ALLIANCE Price Target News


Price Target Research Article/News (past 6 months)
18/04/2014  RHB Ahmad Zaki - A Slice Of Action In Langat 2
14/04/2014  RHB Ahmad Zaki - Sowing The Seeds For Growth
03/03/2014  ALLIANCE AZRB - 4QFY13: Another let down
16/01/2014  RHB Ahmad Zaki - Proposes Rights Issue With Free Warrants
16/01/2014  ALLIANCE AZRB - Proposes rights issue
19/12/2013  ALLIANCE AZRB - Financial close for EKVE
02/12/2013  RHB Ahmad Zaki - Soft Patch In 9MFY13
02/12/2013  ALLIANCE AZRB - 3QFY13: Soon but not now



  4 people like this.
 
stephenchuah Par value reduce is bad.. Don't know how much will it drop.. I bought 0.805... Ki chia Liao....
23/04/2014 12:39
splendid_ignorance haha. chill guys. don't think azrb is a short term counter at this point. 2 weeks back, yes. but it has already risen quite significantly from the announcement of project. there is bound to be some consolidation in the short term.

par value reduction has been announced quite a while back. It should not have any impact on market price because it is merely an accounting treatment. stephen you bought at a high after the announcement and hence your position does not allow you to ride on the short term impact of the announcement.

the orders are all there. it will contribute positively to the bottom line and hence the share price eventually. in the short run, the share price has already moved from the news.

in the near term, i see two potentials that could move the price :
1)the potential upside from increased exposure due to the award of the contract
2)when the compensation from saudi project is actually received
23/04/2014 14:28
AhMoi mid to long term may be ok if the management learned its lessons

however, even before the rights shares and warrants flooded the market the price already dropping... no need to rush in to buy now

wait and see, 0.74 could well be around the corner..
23/04/2014 15:32
AhMoi 0.755 and looks like selling is still on

0.74 soon ? Yes? No?
23/04/2014 16:19
stephenchuah Wat had happen Mar 27, azrb down for 0.200? I just started monitor this stock
23/04/2014 16:23
splendid_ignorance anything is possible haha. a medium term play
23/04/2014 16:47
fortunebullz Tomorrow if rebound sign of moving higher! If not, then downward pressure!
23/04/2014 18:57
jenabchen123 Huat arrrr AZRB!
24/04/2014 01:23
AhMoi I know the Wikipedia on par value reduction has been posted here before.. BUT

is AZRB with par value per share of 0.25 and market price at 0.74

EXACTLY THE SAME

as AZRB with par value per share of 0.50 and market price at 0.74

can kind souls who got it kindly explain in simple terms, tq
24/04/2014 10:00
splendid_ignorance ahmoi. market wise the same. one of the main reasons ppl do a par value reduction is because they wanna do a rights issue at a lower price because par value is basically the lowest price that a company can issue. e.g. say the par value is 1.00 but for some reason the market price is 0.80. this company wants to raise capital using a rights issue but it can't issue at 0.50 or 0.60 (since rights issue is always issued at a discount to current market price). so in order to issue the rights issue, it has to do a par value reduction to 0.50.

in this case, the rights issue is at 0.50 which is the par value before reduction so this isn't the reason they went ahead with this. it is more likely to write off the loss in books as stated earlier
24/04/2014 10:18


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