See this article from YEAR 2014 (5 years ago_ NOW FAST FORWARD TO CALVIN COMMENTS IN BRACKETS
KUALA LUMPUR: Ahmad Zaki Resources Bhd (AZRB) is expecting RM700 million to RM750 million in revenue this year, driven by its construction division, said chief operating officer Datuk Roslan Jaffar.
He said construction projects including the Klang Valley mass rapid transit (MRT), the International Islamic University Malaysia’s (IIUM) teaching hospital in Kuantan, Pahang and Permodalan Nasional Bhd’s (PNB) hotel and office tower project in Kuala Lumpur will contribute to its projected higher revenue.
In 2012, AZRB was awarded a construction package worth RM764.9 million for a viaduct and station for the MRT,
as well as a RM673 million contract from PNB for the construction of a 50-storey hotel and the refurbishment of an existing 35-storey office building in Jalan Sultan Ismail.
It also bagged a RM600 million deal to develop IIUM’s teaching hospital.
(THIS RM600 MILLIONS WILL COME SOON) (CHUN CHUN ONE)
Other projects AZRB hopes to clinch this year involve the MRT2, the Tun Razak Exchange in Kuala Lumpur and Petroliam Nasional Bhd’s refinery and petrochemicals integrated development (Rapid) in Johor.
(PETRONAS AWARDED CONTRACTS IN TOK BALI & IN KEMAMAN) (CHUN CHUN ONE!!)
On the group’s construction of the RM1.55 billion East Klang Valley Expressway (EKVE) connecting the Silk Highway in Kajang to the Karak Expressway in Gombak, Roslan said work is expected to start by the third quarter of this year. The project is scheduled to take three to four years to complete.
(THIS HIGHWAY COMPLETING SOON THIS VERY YEAR OF 2019) (CHUN CHUN ONE!!!)
In February last year, AZRB entered into a concession agreement with the government for the design, construction, completion, operation, management and maintenance of the EKVE for a period of 50 years. (SEE AZRB GETS GOVT JOBS!!)
On its plantations, Roslan said AZRB is looking to expand its total planted area from 4,700ha to 10,000ha in Kalimantan Barat, Indonesia over the next few years. It is also planning to build a 90-tonne mill in the plantation area. “We are finalising the design by this year, so we should be able to construct it by early next year and start commissioning it by 2016.
“Five years down the road, we hope our plantations will be a significant contributor [to the group’s revenue],” he added.
(THAT WAS IN 2014 NOW IS 5 YEAR DOWN THE ROAD IS YEAR 2019 TO REAP HARVEST) CHUN CHUN ONE!!
On capital expenditure this year, the group has allocated RM150 million for the construction of EKVE and another RM90 million for the construction of the mill.
This article first appeared in The Edge Financial Daily, on March 18, 2014.
(ALL THE BUSINESSES WILL CONVERGE TO MAKE PROFITS IN YEAR 2019)
(VERY CHUN CHUN TIMING!!!)
(THIS IS THE REASON WHY COMPANY IS SANGUINE TO GIVE A VERY NICE 15.2% DIVIDEND YIELD TO ALL DIRECTORS AND SHAREHOLDERS)
THE FUTURE NOW IS GETTING VERY BRIGHT
(WHILE PRICE OF AZRB NOW BOTTOMING AND GOING FOR A MULTIYEAR REBOUND!!!)))
In today Star paper Manulife is telling people to buy unit trusts
This confidence is due to a better year ahead
But Manulife is in Top 30 holders of Azrb as well as unit trusts from Public Bank , Hong Leong Assurance, Kaf-seagraot, Kenanga, Hwang and Cimb Unit Trusts also invest in Azrb
So AZRB is the ultimate destination for so many Funds to park their pooled monies
I read that Sabah produce mostly natural gas whereas Trengganu produce more crude oil
And crude oil is what Refinery wants
So good for Azrb
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Posted by cheoky > 2019-02-14 00:43 | Report Abuse
Shhh