useless company kononnya " got more than 7 engines of Growth including OIl Palm, Oil & Gas & Real Estate OIL & GAS COMPANIES GOT ONE ENGINE OF GROWTH BUT PALM OIL COMPANIES GOT 3 ENGINES OF GROWTH: FOOD, BIODISEL & LAND BANKING, Calvin Tan "
Amongst our various business divisions, our Concession Division will be the most excited in 2022. The division as well as the Group as a whole is eagerly anticipating for the completion and opening of our maiden highway concession, the East Klang Valley Expressway (“the EKVE”). Scheduled to complete in early calendar year 2022, the EKVE will take its place as the Group’s primary strategic asset. With toll operations targeted to start soon after completion, the EKVE will be an additional source of revenue for the Group. The Board and I have been waiting eagerly for this moment for many years. We believe that the EKVE, being part of the Kuala Lumpur Outer Ring Road, will be a significant and important addition to the Klang Valley highway network and prove to be a boon to many drivers. In turn, we expect that the EKVE will be a major income contributor to the Group.
2021 saw the Plantation Division picking itself up from the lows of the previous period as reported in the 2020 annual report. 2021 saw the division surge to be the second largest revenue contributor for the Group with recorded revenue of RM124.3 million which totally surpassed the revenue of RM46.8 million recorded for the entire 18-month financial period ended 30 June 2020. The significant increase was due to a number of factors, higher utilisation of the estate’s mill, increase in internal production and higher crude palm oil (“CPO”) prices overall.
The Board of Directors of Ahmad Zaki Resources Berhad (“AZRB” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd has on 28 February 2022 accepted a Letter of Award from MUIP (“the Award”) for a project known as “Cadangan Pembangunan Institusi Masjid Bandaraya dan Kompleks Pusat Islam, Kota Sultan Ahmad Shah, Mukim Kuala Kuantan, Daerah Kuantan, Pahang Darul Makmur – Main Building Works (Phase 1) (“the Works”).
The Award for the Works amounted to a total value of RM205,430,410.68. The Works shall commence on 21 March 2022 and is to be completed within 24 months from commencement date.
The Works is expected to contribute positively to the Group’s future earnings.
None of the Directors and Substantial Shareholders of AZRB or any persons connected with them has any interest, direct or indirect, in the Works.
The Board of AZRB is of the opinion that the Works is in the best interest of the Company.
The Board of Directors of Ahmad Zaki Resources Berhad (“AZRB” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Inter-Century Sdn Bhd (“ICSB”) has entered into a Rental and Bunkering Services Agreement (“the Agreement”) with Pangkalan Bekalan Kemaman Sdn Bhd to receive, store, distribute and sell marine oil and carry out bunkering activities at Kemaman Supply Base main wharf. The Agreement will be effective for a period of 10 years (“Lease Period”), commencing from 1 April 2022 until 31 March 2032, with an option to extend the Lease Period for another 10 years.
The Agreement will enable ICSB to continue its bunkering activities at Kemaman Supply Base and therefore generate revenue for ICSB and AZRB Group for the next 10 to 20 years. It will not have a material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholdings of AZRB.
None of the Directors and substantial shareholders of AZRB or any persons connected with them, has any direct or indirect interest in the Agreement.
The Board of AZRB is of the opinion that the Agreement is in the best interest of AZRB Group.
Ahmad Zaki Resources Bhd’s (AZRB) net loss for 3QFY22 was reeled back to RM16.33 million from RM26.77 million a year ago, as its plantation division incurred lower pre-tax loss. Quarterly revenue slumped 16.61% to RM181.27 million from RM217.37 million, as the revenue contribution from its engineering and construction division retreated, which more than offset stronger contribution from its oil and gas division.
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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....