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Author: jonsuk67   |   Latest post: Tue, 18 May 2021, 9:50 PM

 

AZRB (7078): BUY SOME AND HOLD

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Ahmad Zaki Resources Bhd is principally engaged in investment holding, providing management services and operating as a contractor of civil and structural works. Its business segments consist of Construction, Oil and gas, Plantation and Property.

The Construction segment is involved in the development of civil and structural works. Its Oil and gas segment deals in marine fuels, lubricants, and petroleum-based products. The company’s Plantation segment manufactures oil palm. Its Property segment comprises of property development, hotel operation, and facilities management. The company’s geographical area of operations includes countries like Malaysia, Republic of Indonesia, India, and Kingdom of Saudi Arabia.

As the improvement of CPO, Crude Oil and the lifting of MCO, the outlook of AZRB is getting better and better. On sept 2, the company had signed the contract as the main contractor of ECRL. It is also believe that AZRB will also become one of the main contractor for Spore-Malaysia HSR.

Recent share acquired by the group MD had proved that the management is putting more confident to the company.

 

Particulars of Director

Name DATO' W ZULKIFLI BIN HAJI W MUDA
Descriptions(Class) Ordinary Shares

Details of changes

No
Date of change
No of securities
Type of transaction
Nature of Interest
1
08/12/2020
530,000
Acquired
Deemed Interest
Name of registered holder DATIN RODZIAH HANIM BINTI AHMAD @ ABD ROKIS
Description of "Others" Type of Transaction  
Consideration (if any)  

 

Circumstances by reason of which change has occurred
Acquisition from the open market
Nature of interest
Deemed Interest

 

Changes in Director's Interest (Section 219 of CA 2016)

AHMAD ZAKI RESOURCES BERHAD

 

Information Compiled By KLSE

Particulars of Director

Name TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG
Descriptions(Class) Ordinary Shares

Details of changes

No
Date of change
No of securities
Type of transaction
Nature of Interest
1
01/12/2020
300,000
Acquired
Direct Interest
Name of registered holder Tan Sri Dato' Lau Yin Pin
Description of "Others" Type of Transaction  
Consideration (if any)  

 

Circumstances by reason of which change has occurred
Acquisition from the open market
Nature of interest
Direct Interest

Total no of securities after change

Direct (units) 1,600,000
Direct (%) 0.270
Indirect/deemed interest (units)  
Indirect/deemed interest (%)  
Date of notice 01/12/2020
Date notice received by Listed Issuer 01/12/2020



Last month the share price was 0.20. Now it has increased to 0.25. An increase of 20%.

My recommendation is to buy some and hold for long term.

Strong likelihood it will go up to 0.35.

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Labels: AZRB

Related Stocks

Chart Stock Name Last Change Volume 
AZRB 0.25 0.00 (0.00%) 370,500 

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