On 9 March 2016, Zelan Construction Sdn Bhd, which is one of Zelan Berhad’s wholly owned subsidiaries, was awarded by BBCC Development Sdn Bhd the main building works contract for the 4 storey temporary sales office and show room for the Bukit Bintang City Centre (BBCC) project located at Jalan Hang Tuah / Jalan Pudu, Kuala Lumpur for the contract sum of RM37.78 million.

The duration of works is nine months, commencing on 9 March 2016 and completing on 8 December 2016.

....pass down to mkt maker for goreng time...

...as always said sell on news...so maybe down few cent tomorrow...???

...but now a day always in the news talking about few hundred million if not billion rm contract maaaa.. may be it just a starter for zelan n billion2 one will came later...

egm on 17 may let listen what zelan has to say

opportunities n people come and go n palm oil already in up trend may be soon fgv price will go up...

zelan is a typical stock like durian season blooming once every 10 years...so 2016 is likely the timing just like it big brother MMC starts blooming now...

if i am not mistaken total rm80bil contract as part of 11th Msian plan such as MRT LRT highway etc to be awarded in 2016 and I dont think only few majors companies will be able to take all the rm80bil due to their financial and technical limitation as such Zelan has good chance wining part of those rm80bil contract..so be patient relax one fine day zelan will get rm blion contract just like in 2006/07 it won rm14bil contract where it went up from 30cent to rm6+ in approx 2 years...

flying time lie looo

...may be start move up by april end

...why 16 cent not drop to 5 cent...?

...next week likely moving up as indicated by macd turn +ve n price sitting over the all mav.. http://www.tradesignum.com/chart/mrcb

....soon going up...as indicated by macd start to turn +ve...
http://www.tradesignum.com/chart/benalec

....now value cap silence no news potentally they are accumulating n once the news start to coming it time to cash out....anyway global equity mkt is in strong rebound mode probably good for next 4 to 6 weeks coinside wth mega project bidding result so time to cash out for construction counters....

...haiyaaa..benalec is conman compay..how come doe gave approval for 677hectar reclaimation job...

because it goreng time kiki

....potential renew project....aprox rm300mil +...!??

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4964021

...look good. ..

..beside oil price further down probably be alert on Brazil financial status cause some of major skp contracts are form there...


LATEST NEWS, CORPORATE
POLITICS & GOVERNMENT
Brazil’s fall from darling to doldrums cemented by junk status
By Bloomberg / Bloomberg | December 17, 2015 : 12:59 PM MYT
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(Dec 17): Brazil’s breathtaking fall from investor favourite to emerging-market pariah shows no signs of slowing.

On Wednesday, Latin America’s largest economy lost its investment-grade status when Fitch Ratings became the second of the three main debt-ratings firms to cut Brazil to junk. And a third downgrade, this time by Moody’s Investors Service, can’t be far behind as fiscal accounts deteriorate and a political stalemate persists, according to Torino Capital LLC’s Jorge Piedrahita.

Instead of rising star, Brazil now has a new title: world’s largest junk-rated sovereign borrower. It’s a stunning reversal from its heyday in the late 2000s when the country, riding the commodities boom, shrugged off the financial crisis that rocked the developed world and won its first investment grade.

In 2009, the real was the world’s best-performing major currency and the Ibovespa’s 145% gain in dollar terms topped every other major stock market globally. This year, the real is posting the biggest drop and the benchmark index is down 39%.

“Investors turned a blind eye to the imbalances building up” during the boom years, said Piedrahita, the chief executive officer at Torino, which trades more than US$1 billion per month in emerging-market debt. “This sets a very bad tone for next year. Politics is taking the country hostage.”

For many investors, it’s hard to imagine how things could have been any worse this year. Not only has a sweeping corruption scandal helped tip the country into a recession and led to a surge in bankruptcies and joblessness, but lawmakers are locked in a fight for survival that’s preventing them from focusing on getting the economy back on track.

Impeachment proceedings have begun to oust President Dilma Rousseff, and both heads of the Senate and lower house have been accused of graft.

“The rationale for the downgrade is a statement of the blindingly obvious: The dramatic deterioration in the political environment is exacerbating the economic downturn and severely undermining the prospects for reform,” said Nicholas Spiro, a London-based managing director at Spiro Sovereign Strategy. “The political, economic and financial problems are all feeding on each other.”

Brazil’s junk status may spur investors to sell US$1.6 billion of the nation’s bonds, Barclays PLC economist Bruno Rovai said in an e-mailed note Wednesday.

Here’s a snapshot of how far Brazil has fallen since winning investment-grade status from Standard & Poor’s, Fitch and Moody’s in 2008 and 2009:

1. Brazil’s real has tumbled 60% since its 2011 high of 1.54 per dollar. Meanwhile, the cost of insuring Brazilian debt in the credit-default swaps market quadrupled.

2. As Brazil’s finances deteriorate, inflation has skyrocketed. The budget deficit has exploded to 9.5% of GDP in the 12 months through October 2015, compared with 1.3% in the year ending October 2008. Consumer prices increased 10.5% at the end of November, more than twice the mid-point of the central bank’s target range and the highest rate since September 2003.

3. Consumer and industrial confidence have fallen to record lows as the economy is forecast to contract 3% this year and 1.3% in 2016.

oil price is going down....is there any possibility of major projects implementation delay due to 2016 msian budget realization n adjustment...any opinion ...!!!

.dono y zelan never learn lesson from previous crab for the same guy...

new ABU DHABI crab....!!!!

THERS MEENA PLAZA MIXED USE DEVELOPMENT PROJECT, ABU DHABI, UNITED ARAB EMIRATES

ZELAN BERHAD

Type Announcement
Subject OTHERS
Description MEENA PLAZA MIXED USE DEVELOPMENT PROJECT, ABU DHABI, UNITED ARAB EMIRATES
Building Contract for Procurement, Construction and Completion of Package 2 Main Construction Package of Meena Plaza Mixed Use Development Project, Abu Dhabi, United Arab Emirates between Meena Holdings LLC (“Employer”) and Zelan Holdings (M) Sdn Bhd, Abu Dhabi Branch (“ZHSB”), as contained in the Contract Agreement dated 1 April 2008, Supplementary Agreement dated 9 June 2011 with Addendum dated 17 January 2012, and Second Supplementary Agreement dated 15 April 2014.

Further to its announcement dated 17 September 2015, Zelan Berhad (“Company”) would like to announce that its wholly owned subsidiary, ZHSB, has on the late evening of 17 December 2015 received notifications from HSBC Bank Middle East Limited (“Bank”) informing ZHSB that the Bank has on 17 December 2015 received two (2) notices of demand from the Employer, the owner of Meena Plaza Mixed Use Development Project in Abu Dhabi, United Arab Emirates in respect of the following:

1. the Guarantee under Reference No. PEBDUB044456 issued by the Bank on 28 August 2014 in favour of the Employer amounting to AED40,980,997.61; and

2. the Guarantee under Reference No. PEBDUB044461 issued by the Bank on 28 August 2014 in favour of the Employer amounting to AED51,549,002.39.

Based on the advice given by its legal counsels in Abu Dhabi, ZHSB shall take the necessary steps to refute and contest the validity of the abovementioned demands made by the Employer. The Company will make further announcements on any material development on the matter.

This announcement is dated 18 December 2015.

gunse007,
how big is the project ?? (RM??mil)

...good result n hope for price moving up..

bracoli,
yep n nst news make mrcb look juicy...

among others...
http://www.nst.com.my/news/2015/11/112174/mrcb-looking-funding-options

ooking at the major share holders it is a fund stock n the way i look at it as if they play the news to flash out the weak n small holder before changing the story for better....but dont think will go below rm1.24 the 20% private placement price...anyway i just have few lot so nothing to worry....just keep it on the faith of doubt...

http://klse.i3investor.com/blogs/amresearch/86349.jsp

however is still positive on long term for mrcb...related to rm260bil 11th msian plan till 2016/2020

saschl;
yes agree with u n SC should act on this co on the miss leading n miss representation to public...

looking the chart may take break for now n just wounder may be on the way to rm3 by april 2016....???

history just a guide but in my opinion buying mrcb not buying its history but its future potential...

stingy counter just like its big brother mmc...

let enjoy the uems n warent WA ride...

potential on the up swing following from MMC q...

http://www.thestar.com.my/Business/Business-News/2015/10/31/MRCB-on-a-roll/?style=biz

KUALA LUMPUR (Oct 28): Based on corporate announcements and news flow today, companies in focus on Thursday, Oct 29 could include: MRCB, E&O, Maxis, MISC, NCB, UMW-OG, Caring, and Sunway REIT.

Malaysian Resources Corp Bhd (MRCB) has clinched two major jobs totalling RM4.78 billion and also announced it would be taking up a major role in the development of the Cyberjaya City Centre (CCC), which carries an estimated gross development of almost RM10 billion.

The two jobs it won were: the development and construction of the Kwasa Utama commercial development worth RM3.15 billion, and the refurbishment and upgrading of facilities at the National Sports Complex in Bukit Jalil, Kuala Lumpur, worth RM1.63 billion.

MRCB told Bursa Malaysia it had entered into a management contract with Kwasa Utama Sdn Bhd (KUSB), under which MRCB was appointed the management contractor for the development and construction of Kwasa Utama — a 29.82 acre commercial development in the new Kwasa Damansara township in Sg Buloh.

KUSB is 95%-owned by the Employees Provident Fund (EPF) and the remaining 5% stake is held by Kwasa Land Sdn Bhd, which is wholly-owned by EPF.

The 29.82-acre Kwasa Utama development, which will span over a period of 12 years from 2016 to 2027, is expected to comprise seven separate development plots. It will feature eight office towers, a hotel, an auditorium and a common facility block.

As for the RM1.63 billion job to refurbish and upgrade the Bukit Jalil National Sports Complex into the Kuala Lumpur Sports City (KL Sports City), it will be repaid by the government with three pieces of leasehold land, totalling 92.5 acres nearby.

The job was awarded to MRCB’s Rukun Juang Sdn Bhd, which was chosen by the federal government for offering “the best overall development concept”, after 11 companies submitted proposals in an open nation-wide tender, MRCB said in a statement this evening.

The upgrading project will be undertaken in two phases; the first is to get the national stadium ready to host the 2017 Southeast Asia Games. The second phase will commence once the SEA games are over and will create KL Sports City, a fully-integrated sports hub with, among others, world-class infrastructre and a sports-focused mall.

Phase 1 is to be completed in 18 months and will begin one week after the necessary approvals are obtained. Phase 2 — to begin no later than Jan 1, 2018 — is slated to complete in three years.

Lastly, MRCB’s wholly-owned subsidiary MRCB Land Sdn Bhd is expected to fork out RM269.5 million for a 70% stake in CSB Development Sdn Bhd, the joint venture company (JVC) that will undertake the development of CCC.

It said MRCB Land has entered into a joint venture agreement with Cyberview Sdn Bhd, a government-owned company wholly-owned by the Minister of Finance for the development. Cyberview will take up the remaining 30% in CSB Development for RM115.5 million.

Cyberview, mandated by the Malaysian government to spearhead the development of Cyberjaya, has earmarked approximately 141.27 acres of land located in Cyberjaya for development of the CCC.

any idea what is the TP....rm2...????

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4904765

any idea the TP...

http://www.thestar.com.my/Business/Business-News/2015/10/19/Foreign-funds-net-buyers-on-Bursa/?style=biz

hope there will be good conclusion for oil price to hike..n not only alam will go up but global mkt will hike too

haha nothing so far...

oil n gas bizz is yet to recover looo

Alpha Trader,
johor is leaving...don think so laa not that easy...

http://www.thestar.com.my/Business/Business-News/2015/10/17/WCTs-borrowings-under-scrutiny/?style=biz

the 11th msian plan total rm260bil form 2016 to 2020 is the major spending for next 5 years (mainly on mega construction projects such as lrt and high way) thus investing in construction company such as mrcb and mmc etc in long run probably could give better return

SniperElite
if the report is true then major bad incident could have happened but so far non and those pictures could have come from anywhere n could be photoshop ?? ...my guess probably this just some kind of fear mongering propaganda...I worked in oil n gas industry before and i don't think you could find anything like it anywhere in the world in the operational oil n gas platforms else it is dead no longer in operational mode.

KUALA LUMPUR (Oct 7): Malaysian Rating Corp Bhd (MARC) has affirmed its long-term ratings on WCT Holdings Bhd's debt and sukuk issuances, but revised its outlook on the company's financial issuances to 'negative' from 'stable' on increased borrowings amid a weak property market.

http://www.theedgemarkets.com/my/article/marc-revises-wcts-debt-sukuk-outlook-negative-reaffirms-ratings

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Posted by shukor78 > Oct 7, 2015 12:54 AM | Report Abuse

insider news.....New project more then 700 million awarded soon
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shukor 78;
hope it will come true...!!!

looking to price movement of malakoff n MMC(PDP LTR2) of the same taukey...it seem that he is quite stingy n probably zelan just can move 2 to 3 sen for any good news...may be just avoid this counter for some other construction co such as mrcb etc...