Highlights
KLSE: ZELAN (2283)       ZELAN BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.075   -0.005 (6.25%)  0.075 - 0.08  119,800
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Financials


Market Cap: 63 Million

Market Cap 63 Million
NOSH 845 Million

Latest Audited Result:  31-Dec-2018

Latest Audited Result: 31-Dec-2018
Announcement Date 30-Apr-2019
Next Audited Result: 31-Dec-2019
Est. Ann. Date: 30-Apr-2020
Est. Ann. Due Date: 28-Jun-2020

Latest Quarter:  31-Mar-2019 [#1]

Latest Quarter: 31-Mar-2019 [#1]
Announcement Date 03-Jun-2019
Next Quarter: 30-Jun-2019
Est. Ann. Date: 27-Aug-2019
Est. Ann. Due Date: 29-Aug-2019
QoQ | YoY   -132.70%  |    55.09%

Annual (Unaudited) ( EPS: -1.24, P/E: -6.07 )

Revenue | NP to SH 85,056  |  -10,446
RPS | P/RPS 10.07 Cent  |  0.75
EPS | P/E | EY -1.24 Cent  |  -6.07  |  -16.48%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.07  |  1.07
YoY   84.53%
NP Margin | ROE -12.29%  |  -17.66%
F.Y. | Ann. Date 31-Dec-2018  |  28-Feb-2019

T4Q Result ( EPS: -1.02, P/E: -7.36 )

Revenue | NP to SH 100,985  |  -8,605
RPS | P/RPS 11.95 Cent  |  0.63
EPS | P/E | EY -1.02 Cent  |  -7.36  |  -13.58%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.05  |  1.50
QoQ | YoY   17.62%  |    88.97%
NP Margin | ROE -8.53%  |  -20.37%
F.Y. | Ann. Date 31-Mar-2019  |  03-Jun-2019

Annualized Result ( EPS: -0.72, P/E: -10.55 )

Revenue | NP to SH 145,768  |  -6,004
RPS | P/RPS 17.25 Cent  |  0.43
EPS | P/E | EY -0.72 Cent  |  -10.55  |  -9.47%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   42.52%  |    55.09%
NP Margin | ROE -4.12%  |  -14.21%
F.Y. | Ann. Date 31-Mar-2019  |  03-Jun-2019


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
31-Dec-2019 03-Jun-2019 31-Mar-2019 1 36,442 -1,090 -1,502 -1,501 - 42,246 - % -4.12% -3.55% 844,920 4.31 4.31 -0.18 -0.18 0.00 0.00 0.0500 0.05   -132.70%   55.09% 29-Mar-2019 0.085 1.97 -47.85 1.70 -2.09% 0.00% 03-Jun-2019 0.075 1.74 -42.22 1.50 -2.37% 0.00%
31-Dec-2018 28-Feb-2019 31-Dec-2018 4 11,713 7,421 4,579 4,590 - 59,142 - % 39.09% 7.76% 844,895 1.39 1.39 0.54 0.54 0.00 0.00 0.0700 0.07   182.93%   107.77% 31-Dec-2018 0.025 1.80 4.60 0.36 21.73% 0.00% 28-Feb-2019 0.055 3.97 10.12 0.79 9.88% 0.00%
31-Dec-2018 30-Nov-2018 30-Sep-2018 3 18,470 -5,300 -5,535 -5,535 - 50,693 - % -29.97% -10.92% 844,895 2.19 2.19 -0.66 -0.66 0.00 0.00 0.0600 0.06   10.13%   45.19% 28-Sep-2018 0.055 2.52 -8.40 0.92 -11.91% 0.00% 30-Nov-2018 0.035 1.60 -5.34 0.58 -18.72% 0.00%
31-Dec-2018 27-Aug-2018 30-Jun-2018 2 34,360 -6,818 -6,159 -6,159 - 59,142 - % -17.92% -10.41% 844,895 4.07 4.07 -0.73 -0.73 0.00 0.00 0.0700 0.07   -84.29%   -13.03% 29-Jun-2018 0.08 1.97 -10.97 1.14 -9.11% 0.00% 27-Aug-2018 0.07 1.72 -9.60 1.00 -10.41% 0.00%
31-Dec-2018 25-May-2018 31-Mar-2018 1 20,513 -2,677 -3,342 -3,342 - 76,040 - % -16.29% -4.40% 844,895 2.43 2.43 -0.40 -0.40 0.00 0.00 0.0900 0.09   94.34%   -146.89% 30-Mar-2018 0.10 4.12 -25.28 1.11 -3.96% 0.00% 25-May-2018 0.085 3.50 -21.49 0.94 -4.65% 0.00%
31-Dec-2017 19-Feb-2018 31-Dec-2017 4 17,387 -59,343 -59,115 -59,098 - 76,040 - % -340.00% -77.72% 844,895 2.06 2.06 -6.99 -6.99 0.00 0.00 0.0900 0.09   -485.19%   -54.17% 29-Dec-2017 0.105 5.10 -1.50 1.17 -66.62% 0.00% 19-Feb-2018 0.125 6.07 -1.79 1.39 -55.96% 0.00%
31-Dec-2017 24-Nov-2017 30-Sep-2017 3 8,557 -10,257 -10,108 -10,099 - 126,734 - % -118.13% -7.97% 844,895 1.01 1.01 -1.20 -1.20 0.00 0.00 0.1500 0.15   -85.34%   -3,840.37% 29-Sep-2017 0.13 12.84 -10.88 0.87 -9.19% 0.00% 24-Nov-2017 0.12 11.85 -10.04 0.80 -9.96% 0.00%
31-Dec-2017 22-Aug-2017 30-Jun-2017 2 11,495 -2,408 -5,459 -5,449 - 135,183 - % -47.49% -4.03% 844,895 1.36 1.36 -0.64 -0.64 0.00 0.00 0.1600 0.16   -176.46%   -173.79% 30-Jun-2017 0.14 10.29 -21.71 0.88 -4.61% 0.00% 22-Aug-2017 0.125 9.19 -19.38 0.78 -5.16% 0.00%
31-Dec-2017 26-May-2017 31-Mar-2017 1 33,631 7,170 7,126 7,127 - 143,632 - % 21.19% 4.96% 844,895 3.98 3.98 0.84 0.84 0.00 0.00 0.1700 0.17   118.59%   118.97% 31-Mar-2017 0.175 4.40 20.75 1.03 4.82% 0.00% 26-May-2017 0.145 3.64 17.19 0.85 5.82% 0.00%
31-Dec-2016 20-Feb-2017 31-Dec-2016 4 64,696 -40,344 -38,317 -38,332 - 135,090 - % -59.23% -28.38% 844,895 7.66 7.66 -4.54 -4.54 0.00 0.00 0.1600 0.16   -14,297.04%   -106.84% 30-Dec-2016 0.12 1.56 -2.69 0.75 -37.21% 0.00% 20-Feb-2017 0.15 1.95 -3.36 0.94 -29.77% 0.00%
31-Dec-2016 16-Nov-2016 30-Sep-2016 3 39,793 78 281 270 - 177,427 - % 0.71% 0.15% 844,895 4.71 4.71 0.03 0.03 0.00 0.00 0.2100 0.21   -96.34%   -98.85% 30-Sep-2016 0.18 3.82 563.26 0.86 0.18% 0.00% 16-Nov-2016 0.15 3.18 469.39 0.71 0.21% 0.00%
31-Dec-2016 22-Aug-2016 30-Jun-2016 2 56,493 8,904 7,377 7,384 - 177,427 - % 13.06% 4.16% 844,895 6.69 6.69 0.87 0.87 0.00 0.00 0.2100 0.21   119.65%   -27.22% 30-Jun-2016 0.15 2.24 17.16 0.71 5.83% 0.00% 22-Aug-2016 0.205 3.07 23.46 0.98 4.26% 0.00%
31-Dec-2016 20-May-2016 31-Mar-2016 1 61,391 -36,292 -37,573 -37,573 - 168,979 - % -61.20% -22.24% 844,895 7.27 7.27 -4.45 -4.45 0.00 0.00 0.2000 0.20   -102.75%   -343.52% 31-Mar-2016 0.22 3.03 -4.95 1.10 -20.21% 0.00% 20-May-2016 0.21 2.89 -4.72 1.05 -21.18% 0.00%
31-Dec-2015 19-Feb-2016 31-Dec-2015 4 111,973 -15,666 -18,529 -18,532 - 202,774 - % -16.55% -9.14% 844,895 13.25 13.25 -2.19 -2.19 0.00 0.00 0.2400 0.24   -179.04%   -221.35% 31-Dec-2015 0.245 1.85 -11.17 1.02 -8.95% 0.00% 19-Feb-2016 0.245 1.85 -11.17 1.02 -8.95% 0.00%
31-Dec-2015 23-Nov-2015 30-Sep-2015 3 94,034 7,629 23,462 23,445 - 228,121 - % 24.95% 10.28% 844,895 11.13 11.13 2.77 2.77 0.00 0.00 0.2700 0.27   131.10%   75.86% 30-Sep-2015 0.245 2.20 8.83 0.91 11.33% 0.00% 23-Nov-2015 0.28 2.52 10.09 1.04 9.91% 0.00%
31-Dec-2015 24-Aug-2015 30-Jun-2015 2 115,079 12,721 10,154 10,145 - 202,774 - % 8.82% 5.00% 844,895 13.62 13.62 1.20 1.20 0.00 0.00 0.2400 0.24   -34.25%   -19.30% 30-Jun-2015 0.325 2.39 27.07 1.35 3.69% 0.00% 24-Aug-2015 0.235 1.73 19.57 0.98 5.11% 0.00%
31-Dec-2015 27-May-2015 31-Mar-2015 1 88,012 14,136 15,432 15,429 - 194,325 - % 17.53% 7.94% 844,895 10.42 10.42 1.83 1.83 0.00 0.00 0.2300 0.23   1.03%   45.06% 31-Mar-2015 0.31 2.98 16.98 1.35 5.89% 0.00% 27-May-2015 0.33 3.17 18.07 1.43 5.53% 0.00%
31-Dec-2014 23-Feb-2015 31-Dec-2014 4 86,862 16,148 15,272 15,272 - 177,188 - % 17.58% 8.62% 844,895 10.29 10.28 1.81 1.81 0.00 0.00 0.2100 0.21   14.55%   -33.44% 31-Dec-2014 0.265 2.57 17.79 1.26 5.62% 0.00% 23-Feb-2015 0.34 3.30 22.82 1.62 4.38% 0.00%
31-Dec-2014 21-Nov-2014 30-Sep-2014 3 63,079 15,307 13,326 13,332 - 160,530 - % 21.13% 8.30% 844,895 7.47 7.47 1.58 1.58 0.00 0.00 0.1900 0.19   6.05%   314.48% 30-Sep-2014 0.39 5.22 24.72 2.05 4.05% 0.00% 21-Nov-2014 0.32 4.29 20.28 1.68 4.93% 0.00%
31-Dec-2014 22-Aug-2014 30-Jun-2014 2 61,025 18,356 12,556 12,571 - 122,509 - % 20.58% 10.26% 680,609 8.97 7.22 1.85 1.49 0.00 0.00 0.1800 0.14   18.19%   60.02% 30-Jun-2014 0.25 2.79 13.54 1.39 7.39% 0.00% 22-Aug-2014 0.385 4.29 20.84 2.14 4.80% 0.00%
31-Mar-2014 21-May-2014 31-Mar-2014 1 76,106 13,291 10,640 10,636 - 97,802 - % 13.98% 10.88% 610,202 12.45 9.01 1.74 1.26 0.00 0.00 0.1600 0.12   -53.64%   124.66% 31-Mar-2014 0.22 1.77 12.62 1.38 7.92% 0.00% 21-May-2014 0.25 2.01 14.34 1.56 6.97% 0.00%
31-Mar-2014 17-Feb-2014 31-Dec-2013 3 51,784 25,192 22,929 22,943 - 95,754 - % 44.28% 23.96% 563,264 9.19 6.13 4.07 2.72 0.00 0.00 0.1700 0.11   469.10%   213.49% 31-Dec-2013 0.20 2.18 4.91 1.18 20.37% 0.00% 17-Feb-2014 0.225 2.45 5.52 1.32 18.10% 0.00%
31-Mar-2014 26-Nov-2013 30-Sep-2013 51,590 -6,188 -6,244 -6,216 - 152,574 - % -12.10% -4.07% 565,090 9.13 6.11 -1.10 -0.74 0.00 0.00 0.2700 0.18   -179.12%   82.34% 30-Sep-2013 0.25 2.74 -22.73 0.93 -4.40% 0.00% 26-Nov-2013 0.31 3.40 -28.18 1.15 -3.55% 0.00%
31-Mar-2014 28-Aug-2013 30-Jun-2013 70,727 7,872 7,855 7,856 - 152,598 - % 11.11% 5.15% 565,179 12.51 8.37 1.39 0.93 0.00 0.00 0.2700 0.18   118.22%   -65.82% 28-Jun-2013 0.285 2.28 20.50 1.06 4.88% 0.00% 28-Aug-2013 0.23 1.84 16.55 0.85 6.04% 0.00%
31-Mar-2013 29-May-2013 31-Mar-2013 4 80,816 -41,034 -43,021 -43,129 - 146,390 - % -53.23% -29.46% 563,041 14.35 9.56 -7.66 -5.10 0.00 0.00 0.2600 0.17   -113.35%   29.80% 29-Mar-2013 0.28 1.95 -3.66 1.08 -27.36% 0.00% 29-May-2013 0.34 2.37 -4.44 1.31 -22.53% 0.00%
31-Mar-2013 28-Feb-2013 31-Dec-2012 3 12,732 -20,794 -20,344 -20,215 - 157,665 - % -159.79% -12.82% 563,091 2.26 1.51 -3.59 -2.39 0.00 0.00 0.2800 0.19   42.57%   -131.90% 31-Dec-2012 0.25 11.06 -6.96 0.89 -14.36% 0.00% 28-Feb-2013 0.225 9.95 -6.27 0.80 -15.96% 0.00%
31-Mar-2013 28-Nov-2012 30-Sep-2012 2 9,173 -11,086 -35,223 -35,202 - 146,440 - % -383.99% -24.04% 563,232 1.63 1.09 -6.25 -4.17 0.00 0.00 0.2600 0.17   -253.15%   -278.52% 28-Sep-2012 0.36 22.10 -5.76 1.38 -17.36% 0.00% 28-Nov-2012 0.29 17.81 -4.64 1.12 -21.55% 0.00%
31-Mar-2013 15-Aug-2012 30-Jun-2012 1 25,290 23,019 22,984 22,986 - 191,550 - % 90.88% 12.00% 563,382 4.49 2.99 4.08 2.72 0.00 0.00 0.3400 0.23   137.41%   385.72% 29-Jun-2012 0.38 8.47 9.31 1.12 10.74% 0.00% 15-Aug-2012 0.37 8.24 9.07 1.09 11.03% 0.00%
31-Mar-2012 28-May-2012 31-Mar-2012 4 -12,957 -49,962 -61,530 -61,437 - 230,980 - % 0.00% -26.60% 563,367 - - -10.91 -7.27 0.00 0.00 0.4100 0.27   -196.94%   66.23% 30-Mar-2012 0.44 0.00 -4.03 1.07 -24.78% 0.00% 28-May-2012 0.38 0.00 -3.48 0.93 -28.70% 0.00%
31-Mar-2012 27-Feb-2012 31-Dec-2011 3 86,156 63,500 63,364 63,377 - 264,775 - % 73.55% 23.94% 563,351 15.29 10.20 11.25 7.50 0.00 0.00 0.4700 0.31   221.40%   253.47% 30-Dec-2011 0.37 2.42 3.29 0.79 30.41% 0.00% 27-Feb-2012 0.46 3.01 4.09 0.98 24.46% 0.00%
31-Mar-2012 22-Nov-2011 30-Sep-2011 2 101,064 20,345 19,721 19,719 - 152,118 - % 19.51% 12.96% 563,400 17.94 11.96 3.50 2.33 0.00 0.00 0.2700 0.18   345.11%   156.17% 30-Sep-2011 0.28 1.56 8.00 1.04 12.50% 0.00% 22-Nov-2011 0.35 1.95 10.00 1.30 10.00% 0.00%
31-Mar-2012 18-Aug-2011 30-Jun-2011 1 12,803 -7,672 -8,043 -8,045 - 258,790 - % -62.82% -3.11% 562,587 2.28 1.52 -1.43 -0.95 0.00 0.00 0.4600 0.31   95.58%   -1,020.48% 30-Jun-2011 0.40 17.58 -27.97 0.87 -3.57% 0.00% 18-Aug-2011 0.31 13.62 -21.68 0.67 -4.61% 0.00%
31-Mar-2011 27-May-2011 31-Mar-2011 4 -54,669 -198,025 -181,912 -181,901 - 270,397 - % 0.00% -67.27% 563,327 - - -32.29 -21.53 0.00 0.00 0.4800 0.32   -340.49%   11.26% 31-Mar-2011 0.52 0.00 -1.61 1.08 -62.10% 0.00% 27-May-2011 0.44 0.00 -1.36 0.92 -73.39% 0.00%
31-Mar-2011 16-Feb-2011 31-Dec-2010 3 -39,204 -24,265 -40,497 -41,295 - 433,794 - % 0.00% -9.52% 563,369 - - -7.33 -4.89 0.00 0.00 0.7700 0.51   -17.63%   31.61% 30-Dec-2010 0.60 0.00 -8.19 0.78 -12.22% 0.00% 16-Feb-2011 0.58 0.00 -7.91 0.75 -12.64% 0.00%
31-Mar-2011 19-Nov-2010 30-Sep-2010 2 30,701 -34,995 -35,893 -35,106 - 416,989 - % -116.91% -8.42% 563,499 5.45 3.63 -6.23 -4.15 0.00 0.00 0.7400 0.49   -4,116.71%   -153.38% 30-Sep-2010 0.69 12.66 -11.08 0.93 -9.03% 0.00% 19-Nov-2010 0.67 12.30 -10.75 0.91 -9.30% 0.00%
31-Mar-2011 17-Aug-2010 30-Jun-2010 1 98,113 3,374 748 874 - 448,653 - % 0.76% 0.19% 582,666 16.84 11.61 0.15 0.10 0.00 0.00 0.7700 0.53   100.43%   -79.72% 30-Jun-2010 0.53 3.15 353.33 0.69 0.28% 0.00% 17-Aug-2010 0.75 4.45 500.00 0.97 0.20% 0.00%
31-Mar-2010 27-May-2010 31-Mar-2010 4 44,911 -216,982 -216,902 -204,993 - 355,595 - % -482.96% -57.65% 428,428 10.48 5.32 -36.39 -24.26 0.00 0.00 0.8300 0.42   -239.52%   -256.24% 31-Mar-2010 0.56 5.34 -1.17 0.67 -85.44% 0.00% 27-May-2010 0.52 4.96 -1.09 0.63 -92.01% 0.00%
31-Mar-2010 25-Feb-2010 31-Dec-2009 3 229,423 -52,957 -64,421 -60,378 - 585,756 - % -28.08% -10.31% 563,227 40.73 27.15 -10.72 -7.15 0.00 0.00 1.0400 0.69   -335.78%   52.79% 31-Dec-2009 0.68 1.67 -6.34 0.65 -15.76% 0.00% 25-Feb-2010 0.63 1.55 -5.88 0.61 -17.02% 0.00%
31-Mar-2010 25-Nov-2009 30-Sep-2009 2 351,797 -7,450 -14,999 -13,855 - 647,693 - % -4.26% -2.14% 563,211 62.46 41.64 -2.45 -1.64 0.00 0.00 1.1500 0.77   -421.54%   -163.19% 30-Sep-2009 0.89 1.42 -36.18 0.77 -2.76% 0.00% 25-Nov-2009 0.82 1.31 -33.33 0.71 -3.00% 0.00%
31-Mar-2010 18-Aug-2009 30-Jun-2009 1 372,512 7,262 8,308 4,309 - 615,571 - % 2.23% 0.70% 559,610 66.57 44.09 0.76 0.51 0.00 0.00 1.1000 0.73   107.49%   -83.61% 30-Jun-2009 0.90 1.35 116.88 0.82 0.86% 0.00% 18-Aug-2009 0.95 1.43 123.38 0.86 0.81% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  17 people like this.
 
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
Mike Chong Vxpoison, Ipoh city council misses you ???? Don’t worry as I bought low price , but you oredi Holland as not buying any share.....
27/05/2019 9:28 PM
Mike Chong Maybe you r one of the commonsense black face as in mbmr forum.....
27/05/2019 9:31 PM
longvalley Gd hope........!!
30/05/2019 12:13 PM
vivabursa seems all waiting for arbitration result, win big or loose 7 cents?
30/05/2019 12:28 PM
31/05/2019 6:24 PM
Kent7281 result not bad, I think still can hold
01/06/2019 8:00 AM
Asia88 You are too optimistic.
01/06/2019 4:31 PM
Mike Chong Result is better than commonsense prediction of 1Q loss of 5 mil to 10 mil.
01/06/2019 6:26 PM
Abraham I confirm that the arbitration verdict will be out in June or latest by July..... Also zelan is actively tendering many many projects. This is reliable information.
01/06/2019 6:34 PM
commonsense Hi Mike,

If you take out the RM4.2mil reversal of impairment in trade receivables, the core net loss from operations of Zelan for 1Q19 would have been higher at -RM5.7mil (please refer to page 12 of the 1Q19 report under "Review of Performance") . That being said, the company's secretary failed to include the first 5 pages of the quarterly report which consist of the P&L, balance sheet and cash flow statement. Need to see if the cash reserves balance has improve during the quarter.

Regards.
02/06/2019 3:49 PM
Mike Chong The first drawbridge in kuala Terengganu and south east Asia test run today .
02/06/2019 5:17 PM
Mike Chong Commonsense, financial accounting let the professional do as long as not violating any regulations. No one is perfect.
03/06/2019 6:06 AM
Asia88 Cash and cash equivalent only RM424k. Can they support the going concern?
03/06/2019 6:08 PM
Mike Chong Refer to today announcement on iium monthly recurring income with backdated effective Dec’2018..
03/06/2019 8:49 PM
Asia88 The recurring income also reduces. Don't forget.
03/06/2019 9:22 PM
BILLC Post removed. Why?
03/06/2019 11:35 PM
Mike Chong iium concession period is 23 yr or 17 yr ?
04/06/2019 12:53 PM
Mike Chong 2018 administration expenses is 15.5 mil , finance cost is 39.5 mil , total is 55 mil . What is iium yearly recurring income. Don’t forget each year is reducing .
04/06/2019 3:07 PM
Mike Chong Don’t forget finance cost each year is reducing.
04/06/2019 3:16 PM
charles pang kah keet Metronic global 0043 can try gambling to buy in to waiting take profit?
04/06/2019 10:40 PM
charles pang kah keet I think one day will be pecah record
04/06/2019 10:40 PM
vxpoison Pn17 coming.... Run fast fast!
04/06/2019 11:52 PM
$$$< GOODLUCK >$$$ This counter going down down every years, Just check yearly charts and confirm going down down down. Don't put your money here soon this company will closed shop soon. Sifu say dont fight with the charts. your betting chance here is 100% lose money. Better bet other counter with bull run.
05/06/2019 12:09 AM
Mike Chong Goodluck, you r Sifu of nonsense, see yr comment in WTK.
05/06/2019 7:52 AM
charles pang kah keet Mtronic is losses company,now almost change new director,no good compare b4?
05/06/2019 5:07 PM
Mike Chong Charles pang , do not blindly gambling, and think one day pecah record , think pecah underwear.Please give your research in metronic forum.The Tan Sri company itself did not have money to pay tax and need to borrow from him .... meaning .... , metronic hit the highest loss in 3Q compared among 5 years .....
05/06/2019 6:46 PM
vxpoison Mike Chong, you think you done enough research so you are qualified to bark everywhere? Seriously on Zelan fundamental? You think you done "enough" research will save this company from becoming PN17? Seriously?

Wake up Mikey.... Wake up!!!! TikTokTikTok
06/06/2019 7:07 PM
Mike Chong Research will save a company???? Ipoh city council oredi done ....
06/06/2019 7:51 PM
Mike Chong Or research will save it from Ipoh city council??? Ha ha
07/06/2019 2:13 AM
longvalley Angpau hari raya......
coming........
Go by zelan....
07/06/2019 8:59 AM
vivabursa the signing of supp agreement will enable payment since Dec 2018 to be paid to Zelan, that will bring in millions of cash flow to Zelan.
07/06/2019 11:26 AM
ivan9511 Zelan seem ada power
07/06/2019 1:25 PM
Mike Chong Commensense has trigger me a thinking-(thanks) , if lost arbitration what is the scenario but what is the scenerio if won arbitration: total receivable balance due is 181 mil , Drawbridge project completed in 5 year (june’19) , value 248 mil , assume balance payment 50 mil, Suke project complete in 3 year (sept’19) ,value 257 mil, assume balance payment 85 mil. iium projected 2019 income is 78 mil . Total 2019 revenue is 394 mil.assume 2019 admin expenses and finance cost is 64 mil. profit is 330 mil. 2018 borrowing is 540 mil , iium project cost is 359 mil , 540-359 =181 mil, profit =330 -181 = 149 mil . If arbitration lost scenerio: total 2019 revenue is 394-181= 213 mil, profit = 213-64=149 mil. ( no allocation to reduce borrowing yet and arbitration penalty amount). Just a assumptions calculation.
08/06/2019 6:40 AM
Mike Chong Notice after sept’19 Zelan no more ongoing project although iium recurring income is the cash cow. Reffering iium project is awarded on july ‘2012 which scheduled completion on dec’15 , Gitt project is awarded on feb’16 with 25 years concession, later be sold due to bumi land reserve and bumi company issue.Believe in the chairman networking and major shareholder mmc boss whom said is Tun’s godson .As Abraham said zelan is tendering many projects....
08/06/2019 2:31 PM
Mike Chong If arbitration won adding : performance and rectification bonds 103 mil , and retention sum.
09/06/2019 1:30 PM
longvalley Lets waiting n seeing.....
Go zelan....
10/06/2019 11:32 AM
charles pang kah keet Coming back zelan
10/06/2019 4:54 PM
vxpoison Beware of white killer shark.... PN17 coming!
10/06/2019 5:46 PM
10/06/2019 9:20 PM
vivabursa 17 for 17 cents?
11/06/2019 7:32 PM
charles pang kah keet Tan Sri lim Kim yew want to appoint new director of company mtronic 0043,he want to change new team of group,so can believe he hardly want to improve company status.
12/06/2019 10:13 PM
charles pang kah keet I believe it can fly
13/06/2019 1:34 AM
Mike Chong Superman Charles pang fly ..... remember to hold the underwear....
13/06/2019 9:07 AM
Mike Chong If underwear drop , like in Netx forum ppl said you tock cock you said silent liao.....
13/06/2019 9:19 AM
Asia88 I wonder why you guys don't attend agm and keep saying PN17 etc.
13/06/2019 1:55 PM
longvalley Wat news
Abody attending the agm.....!?
13/06/2019 2:14 PM
Asia88 Obviously no one attended the meeting and spread false news here.
14/06/2019 10:44 PM