Firstly, IIUM campus project streaming income more than RM1billion? Fake news. The availability charges for the project only RM835million. (quoted from Zelan website). Besides that, do you think Zelan can get availability charges when the project is still ongoing. The contract is for 23 years. (quoted from Zelan website). SUKE project: to be completed in Feb'2019? can't see any movement when i pass through construction site.
Commenting on its prospects, Zelan said the group’s revenue for the next financial year would be principally derived from the balance of the order book of the local projects and the revenue on the Asset Management Services and Availability Charges from the IIUM project - which will commence in the first half of 2018.
Zelan Construction Sendirian Berhad, the construction arm of Zelan Berhad together with consortium partner Hasrat Sedaya Sdn Bhd will be in charge of the construction and completion of the mainline and other relevant works from CH.15000 to CH.16700 ( CB2) for the 1.7km stretch along Jalan Taman Putra.
Zelan keep ada good news Seem will limit uppppp very soon Honest zelan got many job and got mmc back up I think is a very good investor in zelan I still hold from 0.10 Because seem will goreng up Limit upppppp is soon
Problem is many projects are in middle east which it a fxxx-up investment going there unless govt-to-govt. These arabs cant be trusted at all. Few listed msian companies had vanished & bankrupts as they are not willing to pay citing financial problems. Crap & BS all these arabs like Umno leaders.
Asia88, agreed with you , Zelan is a con . I also loss,But still keep .\ And No recomm at all , Zelan is got problem counter , only got famous name but keep drop I also give up Zelan long time ago just keep see can this die fish suddenly alive ?
I quite agree with the observations of LOTR3839, Charles Pang, Mike Chong and other optimists that Zelan is having a bright future, despite the fall in its share prices these last few months. Main share of ZELAN dropped from 8 sen to a pathetic 5.5 sen now. And warrant ZELAN-WA from 2 to 0.5 sen. On the bright side, the Pahang IIUM, SUKE and other ongoing projects will become good income generators. These positives will outweigh the previous negative investments in the Middle East, among others. Recently there were changes in the COO, audit committee and company secretary - hopefully for the better. And according to the latest Annual Report of 2017, the giant corporation MMC is a major shareholder of almost 40%. And MMC's boss is Tan Sri Syed Mokhtar Albukhary. Arguably, Syed Mokhtar is referred to as the Anak Angkat or King of Cronies by the Big Canon financial blog. Well, now we know that Syed Mokhtar is certainly still in the good books of the present PH government under the 93-year young Tun Dr. Mahathir of New Malaysia. Not tainted by the excesses of the former PM. Why I say this? Syed Mokhtar is regularly seen with Mahathir nowadays. Like a few days ago he was prominently shown with Mahathir in London, England during the promotion of Lotus cars and Geely. Because they are fellow Kedahans or because Mahathir knows Syed Mohktar can deliver? So, crony or not, Syed Mokhtar and DRB will be relevant to Malaysia Baru. And by that extension Zelan, even though a small part of Syed Mokhtar's vast business empire, will thrive and will not go down the PN17 way. Hence, by right and by the will of God Almighty, the share prices of Zelan The Mother and The Son will rise up from the ashes like the phoenix. God willing. Sorry, I have to invoke God's name and seek His Divine Assistance as I'm becoming and feeling more religious lately, like our former PM Najib Razak.
Bright future? Most of the project is old project which can't finish. Can you see any director of Zelan is representing MMC? If MMC not even bother to put a director in Zelan, do you think they still have prospect moving forward..
Agreed.BBCC project being issued certificate of completion on August’18, payment of 12 mil in 2017, balance abt 25 mil. Muara south kuala terengganu , gitt and mrr2 upgrading , iium and suke will contribute significantly in year 2019.Vertice suke rm303 mil project being terminated, seems Abraham is right.
Denmark.....since mina didnt pay the progress payment... that itself is a plus point fer zelan....and this happened many times over causing zelan to have to stop work before renagotiating a restart. sure zelan didnt worm for free and quite obviously mina didnt have the funds....mina anticipated future sales which didnt materialise...typical of a developer...unfortunately the collapse of oil prices in 2015 hurt them....my estimate is zelan stand a good chance.
Performance bond of abt rm 100mil, progressive payment which agreed in year 2014 abt rm 30 mil being retracted as minimum estimation.on optimistic side more good news anticipating when mmc plan ipo its ports in year 2019.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Asia88
591 posts
Posted by Asia88 > 2018-06-03 22:58 | Report Abuse
Firstly, IIUM campus project streaming income more than RM1billion? Fake news. The availability charges for the project only RM835million. (quoted from Zelan website).
Besides that, do you think Zelan can get availability charges when the project is still ongoing.
The contract is for 23 years. (quoted from Zelan website).
SUKE project: to be completed in Feb'2019? can't see any movement when i pass through construction site.