Highlights
KLSE : ZELAN       ZELAN BHD
Last Price Today's Change   Day's Range   Trading Volume
0.37   -0.01 (2.63%)  0.365 - 0.38  8,053,000

Overview

Board:Main Market
Sector:Construction
Avg Volume (4 weeks):28,912,550
4 Weeks Range:0.335 - 0.46
52 Weeks Range:0.185 - 0.46
Average Price Target:-

Headlines

Latest Headlines
01/08/2014  Zelan secures RM248m drawbridge job connecting Muara North and South
01/08/2014  PublicInvest Research Headlines - 1 Aug 2014
30/07/2014  Maybank Research Highlights - 30 July 2014
30/07/2014  PublicInvest Research Headlines - 30 July 2014
30/07/2014  Zelan to win RM250m ECER job
25/07/2014  Zelan secures RM248m RAPID jetty contract
25/07/2014  Maybank Research Highlights - 25 July 2014
25/07/2014  PublicInvest Research Headlines - 25 July 2014
16/04/2014  PublicInvest Research Headlines - 16 Apr 2014

  10 people like this.
 
xeposx http://www.theedgemalaysia.com/business-news/305220-zelan-bids-for-more-petronas-rapid-jobs.html
29/08/2014 12:16
xeposx Should fly next week. A good long weekend everyone!
29/08/2014 12:21
FlyingMan I agree...Petronas is opening many new oil fields and normally would follow suit to award projects to a few companies...Zelan is one of them
29/08/2014 12:23
lian998 Thanks xeposx for the update.
29/08/2014 21:15
rabbit75 Ahb guys
30/08/2014 22:36
rabbit75 Home 30 Aug 2014
Local World Business Sports
AHB aims to be the biggest in five years
Posted on 12 August 2014 - 05:37am
Lee Weng Khuen
sunbiz@thesundaily.com


Yong fielding questions from the press while Dr Folk Jee Yoong, Director of AHB Holdings Bhd looks on. NORMAN HIU/ theSun
KUALA LUMPUR: AHB Holdings Bhd, which is expected to exit its Practice Note 1 (PN1) status by next month, targets to be the largest premium office furniture player in Malaysia in five years' time.

"The (premium office furniture) market has at least five players, we want a significant part among the five (players)…Malaysia is leading exporter of the office furniture market, (so) we don't look at the local market alone, but it's a nice market to look at," CEO-cum-managing director Yong Yoke Keong told a media briefing here yesterday.

He projects that the size of the premium office furniture industry could be worth RM200 million annually.

AHB, which is looking at growing its presence in India by setting up a representative office, has more than 25 export markets in different regions, making up about 85% of its total revenue.

The group triggered the PN1 criteria in August 2013 when it defaulted on a RM3 million payment.

It is due to settle this amount by the RM21 million it hopes to raise through a rights issue which was approved by shareholders last month.

"We have learnt our lesson and tend to keep our balance sheet very strong," he said, adding that the firm will hold a net cash of RM5 million to RM10 million after cleaning up its debts.

Operation-wise, the office furniture firm has started making profits in the current financial year, posting a net profit of RM605,000 for the nine-month ended March 31, 2014, a 20-fold jump from the RM30,000 it made for the same period the year before.

It made a net loss of RM8.86 million for the financial year ended June 30, 2013.

It is also notable that AHB still had accumulated losses of RM29.94 million as of March 31, 2014, but he said the issue will only be addressed at a later time.

Yong also said that the firm is on the lookout for acquisition opportunities, whereby it is already in talks with its foreign counterparts especially in Southeast Asia, but stressed that any acquisitions must be synergistic and generate high profits.

"The market is fragmented…We're always thinking (about) how to consolidate the market…but it's too early to make any statement on it, it's just a preliminary (talk), this acquisition will not be within this near future," Yong said.

Datuk Tiong Kwing Hee, the largest shareholder of AHB, through Dexx Technologies Sdn Bhd, holds a 19.43% stake, while Yong has 14.47% equity interest.

AHB also expects to build a furniture plant in Port Klang area next year to cater to the growing demand in the office furnish industry, besides having an assembly and quality control plant in Seri Kembangan at the moment.


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30/08/2014 22:36
rabbit75 June profit 0.8 mil
30/08/2014 22:37
malaysian Hi rabbit 75 ,is your brain functioning ? Pls post this under AHB... Thank you for using your brain ...
30/08/2014 23:16
talentgrade @ xeposx it will not fly next week; neither will it fall that badly. lol

@ FlyingMan PETRONAS may give out a few more RSCs to foreign E&P cos with KLSE-listed O&G service provider, i.e., Zelan, Daya, MMHE, etc. With (or without) Vestigo? That depends...
31/08/2014 23:09
chilton30a zelan is certainly a good potential stock to keep for mid and long term!!!!!!!!!!!!!!!!! by weekend will closed above 40cts........................?
01/09/2014 12:08


 

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