I am here to ANSWER a simple question. Why Zelan? (Part 3)

As the project ended at 31 December 2015. the remaining RM417million will be utilised within the next 3 quarter. (Jun'2015, Sep'2015 and Dec'2015). Hence I predicted that the revenue and profit for Zelan will be skyrocketed in the next three quarters.

2) Background of the owner of Meena Plaza, Tamouh Group

I have done my research on the Meena Plaza owner, Tamouh.

The official website for Tamouh.

http://www.tamouh.com/#

You able to see in our project tab that Meena Plaza is one of their project. Other than that, Tamouh also developed Reem Island in Dubai.

So what is Reem Island? According to wikipedia, the Reem Island are as follows:

http://en.wikipedia.org/wiki/Al_Reem_Island

Al Reem Island (Arabic: جزيرة الريم) is a residential, commercial and business project on Al Reem Isle, a natural island 600 m off the coast of Abu Dhabi island. It is currently being developed separately by Sorouh Real Estate (Shams Abu Dhabi), Reem Investments, and Tamouh. Reem Developers ^[1] the overall dimensions of the project as 6.5 million square metres and investment costs as exceeding $30 billion. The project has gained international interest as one of the first free zones in Abu Dhabi, where foreign nationals can buy property as leasehold.

As the company having multiple project in hand, I am confident that Zelan able to collect back the money from Tamouh once the project finished.

3) Currency gain from AED (Arab Emirates Dirham)

As per chart above (extracted from www.xe.com), the currency for AED have been increase from AED1= RM0.90 (Nov'14) to AED1= RM1 (June'15) in this few months. As the project is signed using AED, the gain in AED will surely increase the revenue and profit for Meena Plaza.

4) Risk

- Oil price dropped

- GST effect

- 1MDB

- Failure to complete the project in time

- Property slow down in Dubai

Trade at your own risk!!! Do research before any investment decision!!