KLSE: AZRB (7078)       AHMAD ZAKI RESOURCES BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.36   +0.005 (1.41%)  0.355 - 0.36  227,500
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  12 people like this.
Wesley Lim Anyone can explain whats a sukuk murabahah?
07/09/2019 1:53 PM
BigPro This sukuk murabahah is a long term Islamic loan to AZRB for working capital..
12/09/2019 11:28 AM
Wesley Lim any reasons you could think of why they did that? what does it do to the share price
12/09/2019 8:30 PM
marlboroman2 Most likely to repay off their current loans while adding on a new loan. This is a form of corporate finance exercise to satisfy loans that come due i.e. revolving loans. Like when you pay off one of your credit cards balances with funds from a new credit card you applied for.

No significant effect on the books unless the coupon rate on the bonds are higher than the current loans’ interest rates. Hence, no direct causation effect to share price, in theory.

There could be so many other reasons for issuing a loan or debenture, such as for working capital ie to pay for salaries, TNB, director’s fees, etc, as a security for performance bond to bid for projects, to upgrade its facilities, to purchase land banks, to pay dividends, etc.

The good part of a bond issuance could mean that the books are somewhat not critical, if not, obviously it would not be approved by Bursa and management may have to resort to other means of capital raising such as Rights issue, or worst still declare a surprise bomb Loss on its books and go for capital reduction and then re-issuance of its shares after say a 20 to 1 reduction. The latter scenario is unlikely for AZRB though given its track record.

Basically, it is very normal for companies to take up loans to operate. Even companies such as Nestle which is highly liquid in its cashflows and high dividend payout rates also have long term loans in issuance.
13/09/2019 12:09 PM
Moneymaker Hopefully this week start uptrend to reach original price before trump kacau. time to buy and hold.
17/09/2019 9:22 AM
john doe Most likely have to wait till budget 2020 to have (infrastructure and construction) stimulus packages...
*Hopefully i am wrong. lol...
17/09/2019 9:49 AM
Json1536 No dividend in this year?
18/09/2019 12:55 PM
freddiehero wah lau.. still stay..
18/09/2019 1:24 PM
freddiehero wan fly tidak
18/09/2019 1:24 PM
freddiehero wan down tidak
18/09/2019 1:25 PM
freddiehero apa macam?
18/09/2019 1:25 PM
Moneymaker very strong to hold not going down... like superman want to fly..
18/09/2019 2:21 PM
Mabel Yawn...

Will visit this counter next quarter...
19/09/2019 11:45 PM
lachai2004 Mabel,
Many counters in property, plantation and construction are being hammered down to recent lows. it's seem like these sectors are still consolidating downward, but for sudden sell down of good counters may trigger buying interests..
20/09/2019 7:41 AM
whizzkid hoping to get laid by Mabel...
23/09/2019 5:32 PM
Moneymaker https://www.thesundaily.my/business/hss-engineers-bags-rm99m-contracts-AL1397277
24/09/2019 9:12 AM
Moneymaker ECRL sure on.
24/09/2019 10:15 AM
john doe Crashing...
25/09/2019 4:21 PM
freddiehero finaly.. start discount..
25/09/2019 4:29 PM
taepodong5 plane crashed...not running? or bargain price now....
26/09/2019 4:06 PM
moniekj Go for Orion. Fintech giant in the making. Cimb TP 0.33.
28/09/2019 10:32 PM
kasrim run for ur life
03/10/2019 3:09 PM
moniekj ORION (0079) could be the next SUPERBULL IT STOCK. It's covered by the CIMB research guy Name NIGEL FOO. Normally stock he covered mean potential something is brewing. We can see it from previous call on IFCAMSC and MYEG which fly up super huge. Especially IT company.

Myeg is one of the stock make him famous. And next is IFCAMSC.

Of course now both not doing well, but the front part is amazing, we just need to ride the front part.
04/10/2019 9:58 AM
Moneymaker Azrb flying shortly
04/10/2019 7:45 PM
Linus Kt M.Fadzli
when will fly???
07/10/2019 6:28 PM
freddiehero hard fly.. high dept
07/10/2019 6:35 PM
Moneymaker now.
08/10/2019 11:45 AM
nickyeo55 Mind Fadzli look like u know the story . Any target?
08/10/2019 1:20 PM
kkl123 construction counters back again.
game just started.safe to buy !
08/10/2019 2:04 PM
freddiehero wah lau.. cant believe
08/10/2019 2:04 PM
Moneymaker just buy
08/10/2019 2:38 PM
kkl123 take all below 0.40
08/10/2019 2:58 PM
BigPro I follow to collect more...
08/10/2019 3:45 PM
Newbiesky what happen. makan Viagra?
08/10/2019 4:33 PM
BigPro Hope will win ECRL sub project.....
08/10/2019 5:02 PM
longtermvaluegain Will back to 50-55 sen.
08/10/2019 5:07 PM
freddiehero congratulation all
08/10/2019 5:17 PM
kkl123 tommorrow 2020 good news announced
last day to buy below 0.40
10/10/2019 10:00 AM
longtermvaluegain https://www.thestar.com.my/business/business-news/2019/10/10/mega-project-boost-for-budget
10/10/2019 1:00 PM
kkl123 last hr to get below 0.40
11/10/2019 9:16 AM
bigblublob why turun balik..
11/10/2019 3:11 PM
Moneymaker Bujet 2020. 30% project for bumi contractor.
11/10/2019 5:36 PM
kkl123 AT LEAST 30% project reserved for bumi contravtor.
11/10/2019 8:02 PM
12/10/2019 6:02 AM
Anisdesanika Agreed.
12/10/2019 9:54 AM
freddiehero r u best?
12/10/2019 9:56 AM
Anisdesanika Azrb wa is a cheaper way to enter for low capital trader like me.
13/10/2019 9:04 AM
BigPro Opportunity to buy at lower price....
21/10/2019 1:49 PM
kong73 Dump this
21/10/2019 3:08 PM
21/10/2019 5:43 PM