Investing For Life
AZRB (7078): BUY SOME AND HOLD
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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