Posted by Asia88 > 2019-06-01 16:31 | Report Abuse

You are too optimistic.

Posted by Mike Chong > 2019-06-01 18:26 | Report Abuse

Result is better than commonsense prediction of 1Q loss of 5 mil to 10 mil.

Posted by Abraham > 2019-06-01 18:34 | Report Abuse

I confirm that the arbitration verdict will be out in June or latest by July..... Also zelan is actively tendering many many projects. This is reliable information.

Posted by commonsense > 2019-06-02 15:49 | Report Abuse

Hi Mike,

If you take out the RM4.2mil reversal of impairment in trade receivables, the core net loss from operations of Zelan for 1Q19 would have been higher at -RM5.7mil (please refer to page 12 of the 1Q19 report under "Review of Performance") . That being said, the company's secretary failed to include the first 5 pages of the quarterly report which consist of the P&L, balance sheet and cash flow statement. Need to see if the cash reserves balance has improve during the quarter.

Regards.

Posted by Mike Chong > 2019-06-02 17:17 | Report Abuse

The first drawbridge in kuala Terengganu and south east Asia test run today .

Posted by Mike Chong > 2019-06-03 06:06 | Report Abuse

Commonsense, financial accounting let the professional do as long as not violating any regulations. No one is perfect.

Posted by Asia88 > 2019-06-03 18:08 | Report Abuse

Cash and cash equivalent only RM424k. Can they support the going concern?

Posted by Mike Chong > 2019-06-03 20:49 | Report Abuse

Refer to today announcement on iium monthly recurring income with backdated effective Dec’2018..

Posted by Asia88 > 2019-06-03 21:22 | Report Abuse

The recurring income also reduces. Don't forget.

Posted by BILLC > 2019-06-03 23:35 |

Post removed.Why?

Posted by Mike Chong > 2019-06-04 12:53 | Report Abuse

iium concession period is 23 yr or 17 yr ?

Posted by Mike Chong > 2019-06-04 15:07 | Report Abuse

2018 administration expenses is 15.5 mil , finance cost is 39.5 mil , total is 55 mil . What is iium yearly recurring income. Don’t forget each year is reducing .

Posted by Mike Chong > 2019-06-04 15:16 | Report Abuse

Don’t forget finance cost each year is reducing.

Posted by charles pang kah keet > 2019-06-04 22:40 | Report Abuse

Metronic global 0043 can try gambling to buy in to waiting take profit?

Posted by charles pang kah keet > 2019-06-04 22:40 | Report Abuse

I think one day will be pecah record

Posted by vxpoison > 2019-06-04 23:52 | Report Abuse

Pn17 coming.... Run fast fast!

Posted by $$$< GOODLUCK >$$$ > 2019-06-05 00:09 | Report Abuse

This counter going down down every years, Just check yearly charts and confirm going down down down. Don't put your money here soon this company will closed shop soon. Sifu say dont fight with the charts. your betting chance here is 100% lose money. Better bet other counter with bull run.

Posted by Mike Chong > 2019-06-05 07:52 | Report Abuse

Goodluck, you r Sifu of nonsense, see yr comment in WTK.

Posted by charles pang kah keet > 2019-06-05 17:07 | Report Abuse

Mtronic is losses company,now almost change new director,no good compare b4?

Posted by Mike Chong > 2019-06-05 18:46 | Report Abuse

Charles pang , do not blindly gambling, and think one day pecah record , think pecah underwear.Please give your research in metronic forum.The Tan Sri company itself did not have money to pay tax and need to borrow from him .... meaning .... , metronic hit the highest loss in 3Q compared among 5 years .....

Posted by vxpoison > 2019-06-06 19:07 | Report Abuse

Mike Chong, you think you done enough research so you are qualified to bark everywhere? Seriously on Zelan fundamental? You think you done "enough" research will save this company from becoming PN17? Seriously?

Wake up Mikey.... Wake up!!!! TikTokTikTok

Posted by Mike Chong > 2019-06-06 19:51 | Report Abuse

Research will save a company???? Ipoh city council oredi done ....

Posted by Mike Chong > 2019-06-07 02:13 | Report Abuse

Or research will save it from Ipoh city council??? Ha ha

Posted by longvalley > 2019-06-07 08:59 | Report Abuse

Angpau hari raya......
coming........
Go by zelan....

Posted by vivabursa > 2019-06-07 11:26 | Report Abuse

the signing of supp agreement will enable payment since Dec 2018 to be paid to Zelan, that will bring in millions of cash flow to Zelan.

Posted by ivan9511 > 2019-06-07 13:25 | Report Abuse

Zelan seem ada power

Posted by Mike Chong > 2019-06-08 06:40 | Report Abuse

Commensense has trigger me a thinking-(thanks) , if lost arbitration what is the scenario but what is the scenerio if won arbitration: total receivable balance due is 181 mil , Drawbridge project completed in 5 year (june’19) , value 248 mil , assume balance payment 50 mil, Suke project complete in 3 year (sept’19) ,value 257 mil, assume balance payment 85 mil. iium projected 2019 income is 78 mil . Total 2019 revenue is 394 mil.assume 2019 admin expenses and finance cost is 64 mil. profit is 330 mil. 2018 borrowing is 540 mil , iium project cost is 359 mil , 540-359 =181 mil, profit =330 -181 = 149 mil . If arbitration lost scenerio: total 2019 revenue is 394-181= 213 mil, profit = 213-64=149 mil. ( no allocation to reduce borrowing yet and arbitration penalty amount). Just a assumptions calculation.

Posted by Mike Chong > 2019-06-08 14:31 | Report Abuse

Notice after sept’19 Zelan no more ongoing project although iium recurring income is the cash cow. Reffering iium project is awarded on july ‘2012 which scheduled completion on dec’15 , Gitt project is awarded on feb’16 with 25 years concession, later be sold due to bumi land reserve and bumi company issue.Believe in the chairman networking and major shareholder mmc boss whom said is Tun’s godson .As Abraham said zelan is tendering many projects....

Posted by Mike Chong > 2019-06-09 13:30 | Report Abuse

If arbitration won adding : performance and rectification bonds 103 mil , and retention sum.

Posted by longvalley > 2019-06-10 11:32 | Report Abuse

Lets waiting n seeing.....
Go zelan....

Posted by charles pang kah keet > 2019-06-10 16:54 | Report Abuse

Coming back zelan

Posted by vxpoison > 2019-06-10 17:46 | Report Abuse

Beware of white killer shark.... PN17 coming!

Posted by charles pang kah keet > 2019-06-10 21:20 | Report Abuse

No pn17

Posted by vivabursa > 2019-06-11 19:32 | Report Abuse

17 for 17 cents?

Posted by charles pang kah keet > 2019-06-12 22:13 | Report Abuse

Tan Sri lim Kim yew want to appoint new director of company mtronic 0043,he want to change new team of group,so can believe he hardly want to improve company status.

Posted by charles pang kah keet > 2019-06-13 01:34 | Report Abuse

I believe it can fly

Posted by Mike Chong > 2019-06-13 09:07 | Report Abuse

Superman Charles pang fly ..... remember to hold the underwear....

Posted by Mike Chong > 2019-06-13 09:19 | Report Abuse

If underwear drop , like in Netx forum ppl said you tock cock you said silent liao.....

Posted by Asia88 > 2019-06-13 13:55 | Report Abuse

I wonder why you guys don't attend agm and keep saying PN17 etc.

Posted by longvalley > 2019-06-13 14:14 | Report Abuse

Wat news
Abody attending the agm.....!?

Posted by Asia88 > 2019-06-14 22:44 | Report Abuse

Obviously no one attended the meeting and spread false news here.

Posted by koyokui > 2019-06-24 16:05 | Report Abuse

Buy zelan tp 19.5sen

Posted by charles pang kah keet > 2019-06-24 18:56 | Report Abuse

When Zelan berhad can be active?

Posted by charles pang kah keet > 2019-06-24 19:00 | Report Abuse

0:075-0:10

Posted by AiOne Corner > 2019-06-25 14:56 | Report Abuse

All Good news for zelan ... Ready to climb in near time ....
https://www.theedgemarkets.com/article/zelan-unit-signs-supplemental-agreement-govt-iium

Posted by vivabursa > 2019-06-26 21:09 | Report Abuse

Steady cash flow to bid new projects

Posted by vxpoison > 2019-07-01 12:22 | Report Abuse

Mike Chong sudah jual semua Zelan lari kuat kuat liao...

Posted by kenie > 2019-07-01 12:26 | Report Abuse

zelan
cash 0.42 millions
debt 548 millions
current liabilities 350 millions

Posted by Mike Chong > 2019-07-01 12:44 | Report Abuse

Vxpoison，barking again ...

Posted by Mike Chong > 2019-07-01 12:45 | Report Abuse

Same con man in netx and mbmr....