Highlights
KLSE: ZELAN (2283)       ZELAN BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.075   0.00 (0.00%)  0.07 - 0.075  50,100
Analyze this stock with MQ Trader system

Overview

Market Cap: 63 Million
NOSH: 845 Million
Avg Volume (4 weeks):1,714,964
4 Weeks Range:0.07 - 0.10
4 Weeks Price Volatility (%):
16.67%
52 Weeks Range:0.025 - 0.125
52 Weeks Price Volatility (%):
50.00%
Average Price Target: 0.41
Price Target Upside/Downside: +0.335

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018 [#4]  |  28-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  25-May-2019
T4Q P/E | EY: -6.07  |  -16.48%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.07  |  1.07
T4Q NP Margin | ROE: -12.29%  |  -17.66%

Headlines

Date Subject
29-Mar-2019 PublicInvest Research Headlines - 29 Mar 2019
12-Mar-2019 PublicInvest Research Headlines - 12 Mar 2019
12-Mar-2019 Mplus Market Pulse - 12 Mar 2019
04-Mar-2019 Technical Buy - ZELAN (2283)
26-Nov-2018 PublicInvest Research Headlines - 26 Nov 2018
08-Oct-2018 Mplus Market Pulse - 8 Oct 2018
08-Oct-2018 PublicInvest Research Headlines - 8 Oct 2018
04-Jul-2018 Malaysia Daily - 4 Jul 2018
04-Jul-2018 Mplus Market Pulse - 4 Jul 2018

Business Background

Zelan Bhd is a Malaysia based company which is involved in engineering and construction business sector. The company business segments are Engineering and Construction segment which include projects in Indonesia, the Middle East and Malaysia, Asset and Facility Management segment which include rental income, car park income and management fees, and Property and Development segment which include rental income. The Engineering and Construction segment generates more revenue for the company. It exports its product to Indonesia, United Arab Emirates and Kingdom of Saudi Arabia but the majority of its sales happen in Malaysia only.
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  17 people like this.
 
Mike Chong Looks like the wording use warn , beware is same person. Beware of _ _ _ ? What is this 3 letter word?
04/05/2019 12:17 PM
longvalley Burung hud hud coming...........!!
04/05/2019 2:13 PM
Mike Chong Beware of Lie. Suddenly miss Asia88 whom always demand for facts in order not to misleading.
04/05/2019 10:44 PM
Kokzhang Chan https://www.thestar.com.my/business/business-news/2019/05/04/short-position/

i read back to yesterday news,found this news.this news is related to ZECON not ZELAN.

Am i wrong? please correct me
05/05/2019 9:15 AM
Mike Chong Same, I bought the newspaper.
05/05/2019 12:02 PM
vxpoison Hello Mike Chong! You bought your ticket? Share with us the weather in Belanda soon you touch down..... Cheers mate!
05/05/2019 3:02 PM
Mike Chong Ha ha makan chili barking .......
05/05/2019 3:06 PM
longvalley vxpoision .......
insider!!!??
Prob @ 0.5........!!?
..........
05/05/2019 3:47 PM
longvalley Abraham....!?
05/05/2019 3:48 PM
Mike Chong Em... no sounds Le , already gone to Belanda
05/05/2019 7:08 PM
Asia88 Mike Chong: Please go read the website for further detail. You missed out something. which is the concession period.
"The total payment of availability charges throughout the concession period of RM835.61mil."

http://www.zelan.com/our-business/engineering-construction/building-construction/center-of-foundation-study-iium/

Mike Chong Availability charges 835 million, Maintenance service charges 504 million.
02/05/2019 9:22 PM


Thanks for your compliment.
Mike Chong Beware of Lie. Suddenly miss Asia88 whom always demand for facts in order not to misleading.
04/05/2019 10:44 PM
05/05/2019 9:45 PM
Mike Chong Yes , Asia88 , this is recurring within concession period.
05/05/2019 9:56 PM
vxpoison Mike.... Sudah jual? Lari kuat kuat lo....
06/05/2019 12:13 PM
Mike Chong Why jual, Ikut cakap tak ada facts, still tak reply why PN17?Why lari kuat kuat kerana ada angin_ barking........
06/05/2019 12:36 PM
vxpoison tik tok tik tok tik tok....
06/05/2019 12:46 PM
Asia88 vivabursa I thought going to win big project not?
06/05/2019 8:14 PM

You thought? Hahahaha let other judge ba.
06/05/2019 10:02 PM
longvalley Hopefully in the good news coming.....!!!
09/05/2019 5:32 PM
Mike Chong Collecting.....
10/05/2019 9:01 AM
Mike Chong InvestsucessTrader , tik tok tik tok on OCK ......
10/05/2019 9:03 AM
longvalley Muhibah, ho hup, zelan in history....!!!!?
11/05/2019 2:38 PM
Mike Chong Do you own analysis and decide .Those believe Abraham’s info gain, another windfall coming.High risk high gain, yr $$yr risk.
12/05/2019 1:24 PM
Mike Chong InvestsucessTrader is changed name to Fulltimeinvestor.......
12/05/2019 5:18 PM
InvestsucessTrader @ mike chong, saturday and sunday is Fulltimeinvestor, mon-fri is Invessucesstrader
12/05/2019 6:59 PM
InvestsucessTrader I love these 2 names.
12/05/2019 6:59 PM
vxpoison TikTokTikTok....
13/05/2019 4:32 PM
kk1kk1 can try HSI-C5D 0.03
13/05/2019 4:35 PM
Mike Chong Vxpoison, do you hold any stocks? InvestsucessTrader OCK tiktok tiktok oredi.....u may be the Guru le....
14/05/2019 10:42 AM
Mike Chong A typo error .... HSI-C5H.....
14/05/2019 5:03 PM
vxpoison Mike.... PN17 coming.... Stay alert!
14/05/2019 7:03 PM
Mike Chong Ha ha why you so good and concern , if announce PN17 , I still can sell with profit .
14/05/2019 11:30 PM
vxpoison I am warning others not to fall into the trap you set up...
15/05/2019 10:30 AM
Mike Chong Ha ha....., you look at the daily volume . I think you r too free just to spend your time, Asia88 shall be your example , although he is always at negative side but he will give facts.
15/05/2019 12:15 PM
longvalley Collect n collect b 4 too late.....!!!!
Yr ££ yr risk......!
20/05/2019 2:19 PM
Mike Chong Kuala Terengganu drawbridge project 248mil to be open for test run 2/6 to 17/6 ....
20/05/2019 7:40 PM
vivabursa The result of arbitration very soon, win or loose but IIUM recurring income is for sure
22/05/2019 7:47 AM
Mike Chong Is anyone know the borrowings 540 million from what projects percentage : iium project value 390 mil, drawbridge 248 mil, suke 257 mil ( to be complete on 25/9/19) . Meena project outstanding claim abt 200 mil ( performance bond and guarantee 100 mil ,progressive claim and others 100 mil , Meena arbitration demand 673 mil , Zelan arbitration demand abt 635 mil)
22/05/2019 1:42 PM
vxpoison Runnnnnnn......
23/05/2019 9:10 AM
imoogi99 https://www.malaymail.com/news/malaysia/2019/05/23/three-workers-hurt-after-gombak-lrt-station-car-park-collapses/1755541
23/05/2019 9:36 AM
Mike Chong Isn’t Zelan had sold GITT project to other company due to bumi company issue?
23/05/2019 10:29 AM
Mike Chong I recall sold only 1 million
23/05/2019 10:30 AM
vxpoison Lari kuat kuat lo...
23/05/2019 3:48 PM
vivabursa Or beli kau kau
24/05/2019 7:17 AM
Mike Chong Vxpoison , no one selling lo , need you to lari kuat kuat, buy and sell , act now .......
24/05/2019 12:53 PM
vxpoison PN17 coming soon Mikey.... BoChowSeeeeee!
24/05/2019 1:54 PM
Mike Chong Vxpoison, no action lo, just barking , luckily not in Ipoh , Ipoh city council sharp shooter.....
24/05/2019 2:29 PM
Mike Chong Ock tik tok oredi , sorry investsucesstrader .... . Zelan will be pending last hurdle on arbitration ....
24/05/2019 2:32 PM
longvalley Waiting for hraya bonuses.....!!
hee........
0.04n o.045c
still hold.....
26/05/2019 1:56 PM
commonsense Hi guys,

The original comments below was from another forum in discussion with Mike. Just sharing for the benefits of others.

Hi Mike,

I think you had misunderstood my earlier message. I wasn't actually proposing Velesto as a potential investment ( i actually don't think they can make any significant profit anytime soon given the very low charter rate).

The point that i would like to make was that by following EPF transactions blindly without having done the research on the companies might proof to be a very bad investment strategy. It would be better for investors to do the research of the company first before making decision on whether to invest or not in a company.

On Zelan, i think its a pure speculative stock. Based on the public info, it does not seem to have any corporate exercise planned. Appeal of this stock would most probably be purely based on technical.

The company posted a net loss of RM23.6mil in FY18 (refer to 2018 annual report). It would have been worst if not for the reversal of write off of receivables (RM13mil) and sudden high profit from its associate companies (profit jumped from a loss of RM1.1mil in FY17 to RM14.5mil in FY18. Not sure why though).
Excluding all of the one off items (i did not exclude the associate result), Zelan core net loss in FY18 actually reaches RM30mil.

However, the biggest issue with the company is its very weak balance sheet. As of Dec 18, the company has a total current liabilities amounting to RM416mil (of which RM 184mil is debt) and only RM101mil in current asset (of which only RM4 mil cash).

This was also highlighted by their auditor, PwC, in the 2018 annual report when it issue a statement of material uncertainty related to the going concern of the group (page 53 of the annual report).

I would advice you to maybe not put all your investment in this one company alone as the risk is actually quite high. In the case that the outcome of the arbitrage award by the Abu Dhabi Court is not to Zelan's advantage, the company will most probably need to impair a big chunk of the RM184mil receivables in its balance sheet. Basically any arbitrage award that is less than the RM184mil would result in an impairment to the receivables.

Given that the shareholder equity of Zelan was RM44.3mil as of Dec 18 or 52.45% of the paid up capital (of RM 84.5mil), any arbitrage award that result in the company having to impair amount that is higher than RM20mil would potentially result in Zelan shareholder equity to fall below 25% of the paid up capital. This is one of the events that could put Zelan under the PN17 list.

Good luck. Hope the arbitration ends well for Zelan.

Regards.
26/05/2019 2:44 PM
Mike Chong Commonsense, as said Zhulian and Inari is better choice than mbmr. Zelan is high risk high gain counter, if you have done the research , the borrowing is 540 mil. IIUM will provide recurring income effective this year until concession period . Drawbridge just completed and test run on 2/6 to 17/6 . Suke shall complete on 25/9/19 . This year will be a good year for Zelan. The last hurdle is on arbitration which result deadline by May’19. Looking at the events happening and re recruit of the Head of Legal and become COO whom just confirmed , and AGM is set on 11/6/19, some positive hint.
26/05/2019 3:25 PM
vxpoison Mikey... U won't be too far from belanda investing heavily in Zelan.
26/05/2019 11:51 PM


 

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