Posted by MZM2511 > 1 month ago | Report Abuse

Yes... Bought in some..

Posted by MZM2511 > 1 month ago | Report Abuse

Base on my BRIEF study on the QR4 2023 of Zelan:

Summary:

The company

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

B. Recorded net profit for THREE of FOUR last four latest quarters.

C. Not a cash rich company.

D. Total assets > Total liabilities, Total current assets > Total current liabilities,
Net current asset / Liabilities = RM 101,915,000 and
Total assets less current liabilities = RM 553,452,000

E. In the process of settling the PN17 issues.
The Company has approximately two (2) months to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same and will make the necessary announcement on the regularisation plan in accordance with the requirements under PN17.


THE FINDINGS:

1. NTA 18 sen (up from 11 sen @ last QR3 2023.
2. NOSH 844.92 mil.

3. EQUITY
Share Capital RM 84,495,000
Reserves / accumulated profit RM 70,837,000
Shareholders’s equity RM 155,332,000
Non-Controlling Interest (RM 331,000)
TOTAL EQUITY RM 155,001,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 8,335,000

5. Assets:
Current Assets RM 317,215,000
Non-current Assets RM 451,537,000
TOTAL ASSETS RM 768,752,000

6. Liabilities:
Current Liabilities RM 215,300,000
Non-current liabilities RM 398,451,000
TOTAL LIABILITIES RM 613,751,000

7. QR4 2024 results :
- Revenue RM 10,117,000
- Gross profit RM 4,757,000
- Net profit RM 49,129,000


Note: Prospects

The group is on the process of resolving the ongoing PN17 issues. The group is continously looking for projects / contracts via tendering and commercial discussion and is cautiously optimistic of the future prospects of the group.

8. Fundamental data ended 31.12.2023

Net Profit (TTM) 65.57m
EPS (TTM) 7.76
P/E Ratio 0.84
Net Cash (RM) -402.58m
Free Cash Flow (cent) 63.94m (7.57)
Debt/Asset Ratio 53%

Posted by RTA09391 > 1 month ago | 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 > 3 weeks ago | Report Abuse

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

Posted by MZM2511 > 3 weeks ago | Report Abuse

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

Posted by speakup > 2 weeks ago | Report Abuse

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

Posted by LY Hoh > 5 days ago | Report Abuse

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

Posted by MZM2511 > 5 days 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.
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I think have to wait for a couple of times...

Posted by birkincollector > 3 days ago | Report Abuse

trading halted.....hmmm

Posted by LY Hoh > 3 days ago | Report Abuse

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