Posted by areenas > 2024-01-11 08:59 | Report Abuse

Heard that ZELAN IS A PRIVITISATION TARGET

Posted by areenas > 2024-01-11 08:59 | Report Abuse

By MMC owns 39% of Zelan

Posted by areenas > 2024-01-11 09:00 | Report Abuse

Speculation from Telegram channel grouos

Posted by koyokui > 2024-01-15 14:11 | Report Abuse

Tp 10sen

Posted by prince4 > 2024-01-23 12:21 | Report Abuse

PN17

Posted by prince4 > 2024-01-23 12:21 | Report Abuse

二月到期

Posted by hohlaiyet88 > 2024-01-24 09:36 | Report Abuse

Hopefully will out of from PN17, since 1st to 3rd QR also green and 4th coming next month.

Posted by 170679 > 2024-01-27 21:09 | Report Abuse

Waiting at 5¢. This year maybe still pn17. Maybe next year exit pn17

Posted by MarioBros > 2024-02-16 08:55 | Report Abuse

17069, 2 month left. Most probably this year can get out of PN17 if not extended. But something fishy, klse screener apps show Zelan no longer in PN17 status

Posted by somchik > 2024-02-29 18:21 | Report Abuse

magnificent , voila 49 millie , benefice avant impot

Posted by somchik > 2024-02-29 18:28 | Report Abuse

superb qters report, 49 millions profits drop from the sky, hihihi. nta 0.18 sen , ready ready , no more pn17 ,

Posted by koyokui > 2024-02-29 18:58 | Report Abuse

Buy profit rm50 million. About same of the market cap

Posted by bleuerouge > 2024-02-29 23:41 | Report Abuse

white knight is coming, going 0.070/0.095 and sky

Posted by hohlaiyet88 > 2024-03-02 12:02 | Report Abuse

Got any opportunity remove out from PN17?

Posted by MarioBros > 2024-03-05 21:59 | Report Abuse

Still on audit. I think it just a matter of time they announce good news.

Posted by hohlaiyet88 > 2024-03-14 09:57 | Report Abuse

May be good news soon for remove out from PN17

Posted by Lai Peng Chin > 2024-03-14 10:28 | Report Abuse

It's financial year ended with net profit 65.6 millions, 17722.5% increased. Surely can get out PN17.

Posted by LY Hoh > 2024-03-14 14:19 | Report Abuse

👍👍👍

Posted by Bull13 > 2024-03-15 09:32 | Report Abuse

Read the latest announcement on 29/2.
Zelan have a incoming receivable of RM241.76 followiing a court award overseas!!
This should pput Zelan in a good position to exit pn17 and their participation in the upcoming HSR Project .

Posted by MarioBros > 2024-03-15 10:15 | Report Abuse

Bull13, if you see their regulation plan to exit, all are already done and just wait for audit to complete. This month is the month they will exit. Hopefully, got contract and it will fly

Posted by Bull13 > 2024-03-15 11:23 | Report Abuse

Yes. MarioBros. Everything is already in place to exit pn17. Could be tomorrow or next week ?

Posted by RX350 > 2024-03-15 22:17 | Report Abuse

😍

Posted by Bull13 > 2024-03-16 13:13 | Report Abuse

And Zelan is Syed Mohktar's construction arm.

Posted by Bull13 > 2024-03-17 13:28 | Report Abuse

Read the latest announcement on 29/2.
Zelan have a incoming receivable of RM 241.76 M followiing a court award overseas!!
This should pput Zelan in a good position to exit pn17 and their participation in the upcoming HSR Project .

Posted by koyokui > 2024-03-17 19:15 | Report Abuse

Buy insyaallah out of pn17

Posted by MZM2511 > 2024-03-22 22:40 | Report Abuse

Yes... Bought in some..

Posted by RTA09391 > 2024-03-25 08:47 | Report Abuse

Local & Institutional investors will buy this counter when its touch RM0.50, typical Malaysian investor buy high sell low

Posted by LY Hoh > 2 months ago | Report Abuse

Touch RM0.50 very difficult? If can go for RM0.20 already Thanks God lor😁😁😁

Posted by MZM2511 > 2 months ago | Report Abuse

Resolve the PN17 issue, and I think it could be pushed to the higher price...

Posted by speakup > 2 months ago | Report Abuse

https://says.com/my/seismik/tiga-tokoh-korporat-melayu-tersenarai-dalam-orang-paling-kaya-forbes-malaysia-2024

Posted by LY Hoh > 2 months ago | Report Abuse

Anyone know the status of PN17? It will possible make announcement on coming meeting 11/6/2024?

Posted by MZM2511 > 2 months ago | Report Abuse

On behalf of the Board of Directors of the Company, Kenanga Investment Bank Berhad had on 29 March 2024 submitted an application for an extension of time to submit a regularisation plan to Bursa Securities (“EOT Application”).
The EOT Application is currently pending decision from Bursa Securities.
-----------

I think have to wait for a couple of times...

Posted by birkincollector > 2 months ago | Report Abuse

trading halted.....hmmm

Posted by LY Hoh > 2 months ago | Report Abuse

It any good news for this halted? Out from PN17?

Posted by LY Hoh > 1 month ago | Report Abuse

Any news for this counter? Price almost between 0.06 to 0.065…..

Posted by MZM2511 > 1 month ago | Report Abuse

Peram dulu. Holding it tightly. Add more if the price drop to 5 sen and below.

Posted by LY Hoh > 1 month ago | Report Abuse

I continue added when it 0.055 to average down. I keyed 0.05 long time cannot match. Just paid another 0.005 lor. I kept this share long long time already.

Posted by MZM2511 > 1 month ago | Report Abuse

@LY Hoh. Yes. Agree. Especially for those who want to play for midterm investment.
I'm a newcomer here. Bought some @6 and 6.5 sen.

Posted by MZM2511 > 1 month ago | Report Abuse

The incoming QR1 2024 at the end of this month... Hope will see a good results...

Posted by MZM2511 > 1 month ago | Report Abuse

Base on my BRIEF study on the QR1 2024 of Zelan:

Summary:

The company

A: Sitting on positive reserve of RM70,837,000.

B. Recorded net profit for FOUR quarter of last FIVE latest quarters.

C. Not a cash rich company.

D. Total assets > Total liabilities, Total current assets > Total current liabilities,

E. In the process of settling the PN17 issues.

On 2 May 2024, Bursa Securities granted an extension of time of six (6) months up to 31 October 2024 to submit its regularisation plan to the relevant regulatory authorities. The Group is in the process of formulating the Proposed Regularisation Plan for submission.

The Group is of the opinion that the Proposed Regularisation Plan once formulated and implemented after obtaining the approval from relevant authorities, will enable the Group to generate sufficient cash flows to meet its obligations and continue sustainable and viable operations.

THE FINDINGS:

1. NTA 19 sen (up from 18 sen @ last QR4 2023.)
2. NOSH 844.92 mil.

3. EQUITY
Share Capital RM 84,495,000
Reserves / accumulated profit RM 74,252,000
Shareholders’s equity RM 158,747,000
Non-Controlling Interest (RM 331,000)
TOTAL EQUITY RM 158,416,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 3,068,000

5. Assets:
Current Assets RM 325,653,000
Non-current Assets RM 430,359,000
TOTAL ASSETS RM 756,012,000

6. Liabilities:
Current Liabilities RM 207,602,000
Non-current liabilities RM 389,994,000
TOTAL LIABILITIES RM 597,596,000

7. QR1 2024 results :
- Revenue RM 7,321,000
- Gross profit RM 4,445,000
- Net profit RM 4,070,000


Note 1

The Group’s revenue of RM7.3 million for the current quarter ended 31 March 2024 was lower than the
revenue of RM9.7 million registered in the same quarter of Financial Year (“FY’) 2023 by RM2.4 million. The lower revenue is principally due to reduced revenue from local projects.

The Group reported a profit before zakat and taxation (“PBZT”) of RM4.8 million in the current quarter under review compared to a PBZT of RM2.3 million in the corresponding quarter of FY2023. The improved performance is mainly due to lower interest expenses of RM6.2 million (Quarter 1 FY2023: RM 7.1 million) and higher unrealised foreign exchange gain of RM3.7 million (Quarter 1 FY2023 : RM 1.2 million).

Note 2

In the current quarter ended 31 March 2024, the Group reported higher revenue of RM7.3 million compared to the preceding quarter revenue of RM4.2 million. The higher revenue of RM3.1 million for the current quarter is principally due to higher revenue from local projects.

In the current quarter ended 31 March 2024, the Group reported lower profit before taxation of RM4.8 million compared to the preceding quarter profit before taxation of RM48.7 million. Included in the preceding quarter results is the reversal of accrued bank borrowings interest of RM55.1 million arising from the rescheduling agreement dated 15th December 2023.

Note: Prospects

The Group is in the process of resolving the ongoing PN17 issues. The Group is continuously looking for projects/contracts via tendering and is cautiously optimistic of the future prospects of the Group.

The Group is in the midst of evaluating and formulating its proposed regularisation plan to streamline its financial conditions and improve the Group’s performance.

Posted by LY Hoh > 4 weeks ago | Report Abuse

The latest QR also profit, why the shares price no any surprise?

Posted by MZM2511 > 3 weeks ago | Report Abuse

Stabilising @ 5.5 - 6.5 sen...
Be patience... The time will come...

Posted by LY Hoh > 3 weeks ago | Report Abuse

Today finally Zelan started got movement....please continue as last QR on 29th May 2024 also very good. Move out from PN17 soon....

Posted by somchik > 1 week ago | Report Abuse

Good footing from .065

Posted by somchik > 1 week ago | Report Abuse

Retaining the formation for train to north

Posted by HamsterInvestor > 1 week ago | Report Abuse

when leave pn17

Posted by LY Hoh > 4 days ago | Report Abuse

I need to know too... anyone got infor for this?

Posted by MZM2511 > 4 days ago | Report Abuse

I am glad to digest this reports. Tayor.

......On 2 May 2024, Bursa Securities granted an extension of time of six (6) months up to 31 October 2024 to submit its regularisation plan to the relevant regulatory authorities. The Group is in the process of formulating the Proposed Regularisation Plan for submission.

----The Group is in the midst of evaluating and formulating its proposed regularisation plan to streamline its financial conditions and improve the Group’s performance.

Posted by MZM2511 > 4 days ago | Report Abuse

Personally, I think my targetd timeframe is before 31 Oct 2024. Tayor

Have to be a midterm bilis investor here.....
Be patience for those who can... He He He

Posted by LY Hoh > 4 days ago | Report Abuse

Thank you for your sharing.