I am here to ANSWER a simple question. Why Zelan? (Part 3)
Revenue (Million) | |
Sep'14 | 3.20 |
Dec'15 | 18.90 |
Mar'15 | 23.80 |
Total revenue for Meena Plaza | 45.90 |
Total GDV (as per contract) | 463.00 |
Revenue to be utilised in next 3 quarter | 417.10 |
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!!
Chart | Stock Name | Last | Change | Volume |
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Created by itjustabouttheprofit | Dec 08, 2020
Created by itjustabouttheprofit | Sep 04, 2018
Created by itjustabouttheprofit | Aug 28, 2016
Created by itjustabouttheprofit | Jun 05, 2016
Created by itjustabouttheprofit | Apr 16, 2016
Halo sifu,syed botak is madey n moohidin man,both already blacklisted by ah jib kor,
So ,this zelan still can play ka?
2016-01-20 02:50
? Fake acct? Meena Plaza claim. AED40,980,997.61 & AED51,549,002.39.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4953985
2016-01-20 07:27
tonytaylor
sifu, zelan still can buy?
2016-01-19 20:40