THE INVESTMENT APPROACH OF CALVIN TAN
AZRB (7078): AHMAD ZAKI RESOURCES BHD : Why this is a very undervalue Stock with Great Potential, Calvin Tan Research
calvintaneng
Publish date: Tue, 16 Mar 2021, 09:00 PM
calvintaneng
0 1,788
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Dear Friends,
I have bought this A to Z Ringgit Bhd Stock for several rounds through the decade
See https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-15-story-h1457041189-AZRB_A_to_Z_RINGGIT_BERHAD_Reposting_from_May_2018_Article_Calvin_Tan_R.jsp
As the name implies A to Z Ringgit Bhd - Ahmad Zaki has all encompassing businesses of
Oil & Gas through its Marine Oil supply in Tok Bali (Kelantan) & Kemaman in Pahang
Palm Oil Plantations in Indonesia
Engineering & Construction Works
Rm600 Millions Teaching Hospital Concessions
Toll Road
Property Development along ECRL route
And many more. You name it. A to Z Bhd got it
Above all AZRB is Bumi Class A Contractor
So all parties be they PN, BN, PKR, BERSATU, AMANAH, PAS or Others should be very ok
Although AZRB won projects during BN Reign It was also the 1St Bumi Contractor to be awarded Job by PKR Govt
See
1) AZRB is one of those Rare CLASS 1 BUMI CONRACTORS.
So it will get projects based on its own merit in the new PH Government. And it should do well.
2) AZRB IS THE FIRST CONTRACTOR TO SECURE FRESH PROJECT IN THE NEW PH GOVERNMENT
See
OTHERS CONSTRUCTION OF JALAN HANG JEBAT, JALAN STADIUM (VICTORIA INSTITUTIONS) AND CHINWOO TUNNELS, ELEVATED U-TURN AND FLYOVER, GALLOWAY PEDESTRIAN BRIDGE, RELOCATION OF EXISTING UTILITIES, UPGRADING AND IMPROVEMENT OF SURFACE ROAD AND ASSOCIATED WORKS, MUKIM BANDAR KUALA LUMPUR, DAERAH KUALA LUMPUR, WILAYAH PERSEKUTUAN FOR PNB MERDEKA VENTURES SDN BHD - LETTER OF ACCEPTANCE
|
AHMAD ZAKI RESOURCES BERHAD The Board of Directors of Ahmad Zaki Resources Berhad (“AZRB” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd had on 16 May 2018,(NOTE DATE OF JOB AWARD IS 16TH MAY 2018 AFTER THE MAY 9TH ELECTION; SO THIS AWARD IS IN PH BRAND NEW ERA) received and accepted a Letter of Acceptance from PNB Merdeka Ventures Sdn Bhd (“the Award”) for a project known as “Construction of Jalan Hang Jebat, Jalan Stadium (Victoria Institutions) and Chinwoo Tunnels, Elevated U-Turn and Flyover, Galloway Pedestrian Bridge, Relocation of Existing Utilities, Upgrading and Improvement of Surface Road and Associated Works, Mukim Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan” (“the Contract Works”). The Award for the Contract Works amounted to a total value of RM197,961,918.51 excluding GST. The Contract Works shall commence on 21 May 2018 and is to be completed within 883 calendar days from commencement date. The Contract Works is expected to contribute positively to the Group’s future earnings. |
Politics aside let us look at AZRB Fundamental Strength on Its Own Merit
That is FA ( AZRB qualifies as an FA Stock)
At 32 sen with NTA of 57 sen AZRB is selling at 44% discount to Net Asset Value (meeting Benjamin Graham's 30% margin of safety)
What about TA? Yes! An FA stock will remain value trap unless there are CATALYSTS to Unlock Its Deep Value
And AZRB whose time has come got Many Catalysts as we shall see
First look at its latest quarter result
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
31 Dec 2020
|
31 Dec 2019
|
31 Dec 2020
|
31 Dec 2019
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue |
240,568
|
283,054
|
421,356
|
543,664
|
| 2 | Profit/(loss) before tax |
26,191
|
-39,721
|
-18,356
|
-37,393
|
| 3 | Profit/(loss) for the period |
23,520
|
-39,992
|
-24,061
|
-38,709
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
23,441
|
-42,112
|
-21,422
|
-39,052
|
| 5 | Basic earnings/(loss) per share (Subunit) |
3.92
|
-7.04
|
-3.58
|
-6.53
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.5700
|
0.5900
|
||
From a loss of -7.04 sen AZRB has turned around with a very positive 3.92 sen profit
Forward 4 qtrs will be
3.92 x 4 = 15.68 sen
If we give it a P/E 10 it will be Rm1.56
What about P/E 5?
78.4 sen
What is the current P/E at 32 sen (today closing price 16 March 2021)
Divides 32 sen by 15.68 = 2.04 P?E
AZRB selling for slightly more than 2 Times Earnings?
That is Value!
What else? Are these earnings sustainable?
For that we go into the Qtr reports of AZRB (please read up yourselves)
REVIEW OF PERFORMANCE
For the quarter ended 31 December 2020, AZRB and its subsidiary companies (“the Group”)
registered a revenue of RM240.6 million, representing a 15% decrease from the revenue
reported in the corresponding quarter of last year. However, the Group managed to post
quarterly profit before tax (“PBT”) of RM26.2 million, improving from a loss before tax
(“LBT”) of RM39.7 million recorded in the corresponding quarter of last year.
Overall, the Engineering & Construction, Oil & Gas and Property Divisions were affected by
the COVID-19 pandemic, resulting in a slow-down of activities and business.
Despite the lower revenues, the Group was able to return to profitability once again this
quarter on the back of the improved profitability of the Engineering & Construction,
Concession and Plantation Divisions. The one-off provisional charges and contract costs
rationalisation exercise in the Engineering & Construction Division performed in the
corresponding quarter of 2019, provided a stable base for the Division to improve its
profitability going forward. The Division’s bottom-line is also further boosted by prudent
financial and operational management exercised during this challenging period.
The Concession Division registered a PBT of RM17.3 million, an 18% increase from the
previous corresponding quarter. The improved profitability for the quarter stems from the
finalisation of costs related to a maintenance contract which was awarded to the Division
recently. The finalisation of these costs resulted in a positive adjustment to the result of the
Division, the cumulative effects of which was reflected in the current quarter.
Furthermore, higher palm product prices and volumes have significantly improved the
revenue during the quarter which in turn reduced the operational losses at the Plantation
Division.
Improvements in 4 divisions
Read again
the Group was able to return to profitability once again this
quarter on the back of the improved profitability of the 1) Engineering & 2) Construction,
3) Concession and 4) Plantation Divisions.
And read further
The Group’s revenue for the current quarter of RM240.6 million was 33% higher against the
preceding quarter mainly contributed by the Engineering & Construction and Plantation
Divisions, as the lifting of the CMCO and provincial restrictions both in Malaysia and abroad
resulted in increased construction activities and sales growth in the two Divisions.
The Group’s result improved to a PBT of RM26.2 million, from an LBT of RM44.5 million
previously, where both quarters’ results were highly influenced by unrealised forex
movements, substantially originating from the Plantation Division.
Excluding the impact of forex differences, the Group registered a PBT of RM2.5 million,
mainly driven by the higher revenues of the Engineering & Construction and Plantation
Divisions, as well as the improved profitability of the Concession Division.
Read again
both quarters’ results were highly influenced by unrealised forex
movements, substantially originating from the Plantation Division.
Substantial profit frm Plantation Division
Where?
Answer
From its 18,500 acres of palm oil in Kalimantan Indonesia. While Malaysia implemented MCO many Indonesia workers are available for work in AZRB's plantations. Hooray!
See my previous writeup
OIL PALM CULTIVATION/
AZRB has 18,500 acres of Oil Palm lands in Indonesia. Bought in year 2005 for only RM449 an acre The losses from Oil Palm cultivation is bearing fruit now as trees are fruiting. Ha! AZRB's Oil Palm fruit can easily make RM449 an acre per month. THE PROFIT POTENTIAL IS IMMENSE HERE!
THIS IS THE ANSWER!
AND CPO NOW OVER RM4,000 PER ACRE !
Some more
as well as the improved profitability of the Concession Division.
YES! Rm600 MILLIONS CONCESSION FROM TEACHING SCHOOL IS LONG TERM CASH COW
BRIGHT FUTURE PROSPECTS
SEE
PROSPECTS
Currently in the Engineering & Construction Division, the Group has RM1.2 billion of
outstanding order-book as at 31 December 2020. The Group intends to continue
replenishing its order-book, whilst the current outstanding balance will be able to sustain
AZRB for the next two years.
In addition to projects rolled-out by the Government, the Group continues to tender for
projects in the private sector which in turn, keeps its clientele base sufficiently diversified.
Moving forward, the Group intends to leverage on its position as a reputable builder of
distinction to tap into any suitable opportunities on offer in the sector.
In the Oil & Gas Division, results going forward are expected to improve with the entry of a
new Production Sharing Contract (“PSC”) operator in January 2021. In addition, the Division
continues to engage with existing customers to secure additional volume of business, as well
as potential customers to set up their base of operations in the Division’s base, especially in
anticipation of the new drilling season expected in year 2021 onwards.
In relation to the Plantation Division, rising CPO prices in the recent months bode well for
the Division, despite the heavy rains in Kalimantan Barat arising from the La Nina
phenomenon, which has continued into early 2021. The Division is hopeful that with the
better weather expected from February 2021 onwards, production and sale of palm
products can be maximised to capitalise on the higher selling prices.
The Group is also encouraged by the contribution from the Concession Division, which
steadily continues to provide positively to the Group, arising from its long-term concession
which will last up to year 2038.
VERY GOOD RESULTS AND REPORT
AZRB PASSED WITH FLYING COLOURS
Only thing now remain is its Neglected Undervalue Pricing
Then who are buying
See
| DATO SRI WAN ZAKARIAH BIN HAJI WAN MUDA | 11-Mar-2021 | Acquired | 9,000 | - |
 |
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 25-Jan-2021 | Acquired | 100,000 | - |
|
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 21-Jan-2021 | Acquired | 100,000 | - |
|
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 07-Jan-2021 | Acquired | 300,000 | - |
|
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 05-Jan-2021 | Acquired | 300,000 | - |
|
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 15-Dec-2020 | Acquired | 100,000 | - |
|
| DATO' W ZULKIFLI BIN HAJI W MUDA | 09-Dec-2020 | Acquired | 70,000 | - |
|
| DATO' W ZULKIFLI BIN HAJI W MUDA | 08-Dec-2020 | Acquired | 530,000 |
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 01-Dec-2020 | Acquired | 300,000 | - |
|
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 26-Oct-2020 | Acquired | 100,000 | - |
|
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 22-Oct-2020 | Acquired | 100,000 | - |
|
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 19-Oct-2020 | Acquired | 100,000 | - |
|
| TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 16-Oct-2020 | Acquired | 100,000 | - |
|
| DATO W ZULKIFLI BIN HAJI W MUDA | 25-Aug-2020 | Acquired | 165,600 | - |
|
| DATO W ZULKIFLI BIN HAJI W MUDA | 24-Aug-2020 | Acquired | 399,300 | - |
|
| DATO W ZULKIFLI BIN HAJI W MUDA | 21-Aug-2020 | Acquired | 16,000 | - |
|
| DATO W ZULKIFLI BIN HAJI W MUDA | 19-Aug-2020 | Acquired | 419,100 |
So here we know all through the months INSIDERS HAVE BEEN BUYING AND BUYING THIS MOST UNDERVALUE SHARE
Calvin also noticed Insider buying Scomi before price exploded up today
See from Scomi forum site in i3
| ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 10-Mar-2021 | Acquired | 366,500 | 0.035 |
|
| ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 09-Mar-2021 | Acquired | 1,000,000 | 0.035 |
|
| ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 08-Mar-2021 | Acquired | 500,000 | 0.040 |
|
| ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 05-Mar-2021 | Acquired | 57,800 | 0.035 |
|
| ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 15-Dec-2020 | Acquired | 1,968,600 | 0.035 |
|
| ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 02-Dec-2020 | Acquired | 3,000,000 | 0.040 |
Now why today Scomi in Top Volume & up 285%?
I really don't know
Scomi still owe Scomi Energy monies.
Since I not sure about Scomi. No comments
BUT THE BUYING OF AZRB BY INSIDERS SHOW VERY DEEP LONG LASTING VALUE OF AZRB
AZRB WILL HAVE A VERY LONG BRIGHT FUTURE WHEN EAST COAST RAIL (ECRL ) IS IN PROGRESS AND TO ITS COMPLETION
AZRB HAS ASSETS ALL ALONG ECRL ROUTE, QUARRY IN TRENGGANU AND ABOVE ALL ITS TWO PORTS IN TOK BALI KEMAMAN
RIGHT NOW AZRB IS SELLING MARINE FUEL TO OIL AND GAS VESSELS OF BOTH TOK BALI & KEMAMAN PORTS
AND WHEN ECRL IS READY MANY SHIPS WILL UNLOAD GOODS FROM CHINA, JAPAN, KOREA & OTHERS ON ITS TOK BALI & KEMAMAN PORTS BEFORE TRANSPORTING THEM BY THE TRANS KELANTAN - PORT KLANG TRAN ROUTE
SO AZRB HAS CREATED SYSTEMS TO COLLECT WEALTH
TEACHING HOSPITAL CONCESSION
See
The Group is also encouraged by the contribution from the Concession Division, which
steadily continues to provide positively to the Group, arising from its long-term concession
which will last up to year 2038.
TOLL ROAD
PLANTATION NOW FRUITING IN KALIMANTAN
AND MANY OTHER WORKS OF DISTINCTION
AZRB NOW 32 SEN
SHORT TERM TARGET PRICE IS 75 SEN (P/E 5)
SEE WHEN AZRB WILL ARRIVE THERE
(A WORD OF CAUTION: CALVIN HATES PUMP AND DUMP SYNDICATES. SO PLEASE KINDLY STAY AWAY. LET TRUE INVESTOR BUY QUIETLY. THANK YOU VERY MUCH)
WARM REGARDS
Calvin Tan Research
Jurong West , Singapore
Please buy or sell after doing your own due diligence. In doubt please consult your Remisier or Fund Manager
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Discussions
3 people like this. Showing 39 of 39 comments
greedy44444 be honest and Check this out ok
Calvin Tan followed portfolio per his recommendations 2019
https://klse.i3investor.com/servlets/pfs/123029.jsp
IF ANY ONE HAS INVESTED RM10,000 IN EACH OF CALVIN BUY CALL OF YEAR 2019 AND TOTAL UP GAINS & LOSSES HE WILL STILL BE MAKING MONIES
Watchlist: Calvin tan eng Yee 2020 stock list
https://klse.i3investor.com/servlets/pfs/131750.jsp
ALL THOSE WHO DID THE SAME FOR YEAR 2020 BUY CALLS WILL ALSO HAVE DONE EXTREMELY WELL
Above are 2019 & 2020 Stock Picks
For year 2021 see
www.eaglevisioninvest.com
2021-03-17 06:56
Welcome back Calvin.
By the way CharelsT MNRB already up more than 40% while Philip QL remain stagnant.
2021-03-17 12:12
Wah Calvin, you buy Ahmad Zaki already arh!
Ready to sell arh......
You still alive and kicking.....this time with AZaki..hehehe.
What happened to Talam etc etc etc...
Walau you lar...
2021-03-17 12:33
Buy below 30 cents.Not 40 cents.
Michael Kwok
3243 posts
Posted by Michael Kwok > Mar 17, 2021 12:33 PM | Report Abuse X
Dun buy.Buy at below 40 cents.Calvin wrong timing.
2021-03-17 12:42
Thks for all the comments
For or against up to you guys
All welcome welcome & be happy
Got check what Calvin said?
If not listen! listen very carefully
IF YOU ARE SHORT TERM PUNTERS I CANNOT GUARANTEE SUCCESS
BUT LONGER TERM INVESTING ALL SHOULD DO OK
See
Calvin Tan followed portfolio per his recommendations 2019
https://klse.i3investor.com/servlets/pfs/123029.jsp
IF ANY ONE HAS INVESTED RM10,000 IN EACH OF CALVIN BUY CALL OF YEAR 2019 AND TOTAL UP GAINS & LOSSES HE WILL STILL BE MAKING MONIES
Watchlist: Calvin tan eng Yee 2020 stock list
https://klse.i3investor.com/servlets/pfs/131750.jsp
ALL THOSE WHO DID THE SAME FOR YEAR 2020 BUY CALLS WILL ALSO HAVE DONE EXTREMELY WELL
Above are 2019 & 2020 Stock Picks
See Calvin's 2021 Stock Picks below
GREAT SUCESSFUL INVESTMENTS YEAR 2019: OGSE BULL RUN THEME; 2020 MEDICAL GLOVE SUPERBULL THEME: 2021 IS PALM OIL CPO BULL RUN THEME
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-12-26-story-h1538400322-GREAT_SUCESSFUL_INVESTMENTS_YEAR_2019_OGSE_BULL_RUN_THEME_2020_MEDICAL_.jsp
2021-03-17 13:08
All investors should diversify their portfolio and grow them further
Pre-pandemic share price:
Genting Berhad: RM6.0x
Malaysia National Covid-19 Immunisation Programme starts end-Feb 2021 and expected completion by end-2021 (looking at the speed of progress, likely earlier). Full vaccinations are not required to see the effects of Covid-19 cases and most importantly deaths coming down (see Israel). Hence, by 4Q21 (Oct-Dec) you should be able to see the full effects. Note markets are 6-12 months forward looking (see Gloves). Therefore, latest by 2Q21 (Apr-Jun) we should see share prices pop back to at least pre-pandemic levels
Note: this has not take into account re-rating catalysts:
a) Pent-up demand from revenge travel and gaming (Lifting of lockdowns - MY; UK)
b) Skyworlds (2Q) and Resorts World Las Vegas (Summer Jun-Aug)
c) Celularity Inc listing (2Q21; assume 10% holding only)
d) *Mashpee Wampanoag Tribe promissory notes USD426.3 mil write-back
e) Resorts World NYC expansion and full casino license bid
f) Resorts World Hudson Valley
g) New York state sports betting license bid
h) Genting Americas USD $500 mil insurance claim
i) Japan Integrated Resort (IR) bid
j) Resorts World Sentosa upgrading
k) Plantation - CPO record high
l) Energy - Brent crude oil above USD 70
m) Property - Cyclical sector in an upcycle
n) Life Sciences - Vast potential (see US biotech and genomics co's)
o) International borders reopen / travel bubbles / vaccine passports
p) WHO declares pandemic over
Genting which is a Recovery / Value stock is now also a massive Growth stock
Disclaimer: The information and opinions expressed here are for educational purposes only and the contents of this post should not be construed as financial advice and does not constitute a buy or sell call. Consult your investment advisor before making any investment decision.
Sincerely,
EMSVSI
2021-03-17 14:22
Calvin,
Nice to see you again after your hibernation, even though there will be the usual brickbats.
2021-03-17 17:24
BigZakar
Guh is undervalue because of its assets
Airline Bobby
Supermax phenomenal growth was due to ASP sale by urgent buyers
as gloves are more readily available the edge is no longer there. I already sold all Supermax but only bought 1 lot of Kossan to see how it will perform longer term
Kossan is very consistent and kept faithful to its long term buyers
in any case I am switching majority of my holdings into palm oil stocks
With Cpo reaching Rm4,200 a tonne Palm oil company like Thplant is making almost 200% profit as it's cost only Rm1,465 per tonne
What other group of companies can give such high profits of 100% to 200% profit like palm oil now ?
Azrb can be considered a stock with palm oil exposure in Indonesia
2021-03-17 21:30
Very good morning all
Scomi jumped up and then deflated
We don't want Azrb to behave like Scomi
We want Azrb to follow the footsteps of Mfcb, Scientex or Magnitech which grew from strength to strength through the years
Azrb has multiple great industries all at growing stage with stability
1. Teaching hospital Concessions
2. Toll Road under construction
3. 2 Seaports for marine oil supply
4. Maturing palm oil in Indonesia
5. Rm483 million langat 2 job
6. Real estate along Ecrl route
7. Strategic landbanks and assets in Setapak, Bentong, Kuantan, Trengganu, Tok Bali and Kemaman
8. 50 acres quarry supply to Ecrl in Trengganu
9. Other construction and engineering jobs
10. Mrt, Let and other highway jobs
2021-03-18 07:46
Netx having RM100 million at 14cts is more really undervalued and can buy 5% of AZRB anytime with this cash lah...
2021-03-18 07:55
Yes Netx is debt free with lots of cash raised from capital exercise recently
I holding lots of Netx and Netx warrant as Fintec, Fintec Director and Credit Suisse are also holding lots of it
But for now Azrb will see Catalyst unlock it's Value one by one
2021-03-18 08:58
Calvin, the saviour for all, irregardless of religions,
please save and write something to highlight to those not knowing and understand the undervalued gems of GenM and Genting Bhd.
2021-03-18 10:38
long time no see MG9231
please whataspp your phone to me again at 0146101668
I got urgent personal message for you
2021-03-18 11:46
Holland King leading the blind again.
Those who punt based on tips from “horse’s mouth” will discover it was the ‘horse’s legs’ instead and got stuck with the shares.
2021-03-18 12:31
CynicalChan?
See its meaning
cynical
/ˈsɪnɪk(ə)l/
Learn to pronounce
adjective
1.
believing that people are motivated purely by self-interest; distrustful of human sincerity or integrity.
"he was brutally cynical and hardened to every sob story under the sun"
2.
concerned only with one's own interests and typically disregarding accepted standards in order to achieve them.
You should change that name to SincereChan
See
be honest and Check this out ok
Calvin Tan followed portfolio per his recommendations 2019
https://klse.i3investor.com/servlets/pfs/123029.jsp
IF ANY ONE HAS INVESTED RM10,000 IN EACH OF CALVIN BUY CALL OF YEAR 2019 AND TOTAL UP GAINS & LOSSES HE WILL STILL BE MAKING MONIES
Watchlist: Calvin tan eng Yee 2020 stock list
https://klse.i3investor.com/servlets/pfs/131750.jsp
ALL THOSE WHO DID THE SAME FOR YEAR 2020 BUY CALLS WILL ALSO HAVE DONE EXTREMELY WELL
Above are 2019 & 2020 Stock Picks
For year 2021 see
www.eaglevisioninvest.com
2021-03-18 12:54
Today Azrb retraced
Tomorrow is the best time to buy some Azrb if got weakness
2021-03-18 21:04
Debt is for Teaching Hospital & Toll Road Concession Assets
Also Tok Bali Port expansion just like Bintulu Port
Muda paper & Serba got even more debt to equity
So very ok as all these Assets generate long term future income streams
2021-03-18 23:37
Petronas launches Malaysia Bid Round 2021, offers 13 exploration blocks
https://www.theedgemarkets.com/article/petronas-launches-malaysia-bid-round-2021-offers-13-exploration-blocks
Petronas has 3 Offshore Exploration Blocks near both Tok Bali Port & Kemaman Port
This will boost Marine diesel fuel sale to Oil Rigs, Vessels & Exploration Platforms
2021-03-18 23:51
There might be many OGSE companies & Oil Drilling Platforms offshore Trengganu
But there is only 2 monopoly ports supplying Marine Fuel Oil to all these
See
https://www.google.com/search?sa=X&source=univ&tbm=isch&q=map+of+terengganu+oil+platform&ved=2ahUKEwi51dWHmLrvAhUTfX0KHUeMBgoQjJkEegQIBRAB&biw=1359&bih=644#imgrc=h4y1d7VLShLMoM
2021-03-18 23:57
like esceramic monopoly of glove hand former
so tok bali port and kemanan port are monopoly of all oil and gas set up offshore Trengganu Petronas
Once Ecrl completed flow of goods from China, Japan, Korea , Vietnam , Taiwan will pass thru ecrl by either unloading at Tok Bali or Kemanan
Systems of wealth in place for Azrb for a very long long time to come like Suez Canal and Panama Canal
2021-03-19 00:07
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
AZRB (A to Z RINGGIT BERHAD) Reposting from May 2018 Article , Calvin Tan Research
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-15-story-h1457041189-AZRB_A_to_Z_RINGGIT_BERHAD_Reposting_from_May_2018_Article_Calvin_Tan_R.jsp
2021-03-16 21:04