AHMAD ZAKI RESOURCES BHD

KLSE (MYR): AZRB (7078)

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Last Price

0.195

Today's Change

+0.01 (5.41%)

Day's Change

0.185 - 0.195

Trading Volume

1,918,000


12 people like this.

8,063 comment(s). Last comment by bbc99 12 hours ago

TokAbah

1,202 posts

Posted by TokAbah > 2023-08-21 10:32 | Report Abuse

Chart looks good.

cktay

212 posts

Posted by cktay > 2023-08-24 11:07 | Report Abuse

RAM Ratings has affirmed the AAA(bg)/Stable rating of EKVE Sdn Bhd's (EKVESB or the Company) Guaranteed Sukuk Murabahah Facility of up to RM1 bil in Nominal Value (the Sukuk). The rating reflects irrevocable and unconditional kafalah guarantees extended by Maybank Islamic Berhad and Bank Pembangunan Malaysia Berhad for tranche 1 and 2 issued under the programme respectively (both rated AAA/Stable/P1). The guarantees enhance the Sukuk's credit profile beyond its standalone position.

Under a 50-year concession agreement with the Government of Malaysia, EKVESB holds the concession for the East Klang Valley Expressway (EKVE or the Expressway), a 36.16 km closed-toll system which starts from Sungai Long in Kajang and ends at Ukay Perdana in Ampang. The Expressway's construction progress remained delayed, standing at 91.82% as of 25 March 2023 (scheduled: 98.56%).

The Project had earlier missed the original September 2019 completion deadline owing to land acquisition issues, which were exacerbated by pandemic-induced lockdowns. The most recent delay stemmed from a lack of funding. EKVESB is awaiting the outcome of its application to the Malaysian Highway Authority for another extension of time. Funding and liquidity concerns will be resolved via additional debt funding procured by both EKVESB and its parent company, Ahmad Zaki Resources Berhad, which can support the Company's construction cost and debt obligations up to December 2024.

cktay

212 posts

Posted by cktay > 2023-08-24 11:39 | Report Abuse

RAM Ratings has affirmed the AAA(bg)/Stable rating ....... it's a great relief that things are not that bad after all!

cktay

212 posts

Posted by cktay > 2023-08-24 11:45 | Report Abuse

West Coast Expressway (WCE) cost RM5b, SUKE RM5.3b, EKVE RM1.5b

Nurul18

9 posts

Posted by Nurul18 > 2023-08-24 14:46 | Report Abuse

ya ka bos??????????

FrankKY

117 posts

Posted by FrankKY > 2023-08-27 20:24 | Report Abuse

west coast expessway cost will be 8 bil+

fl888

7,422 posts

Posted by fl888 > 2023-08-30 10:38 | Report Abuse

today annoucing QTR result...?

M55555

926 posts

Posted by M55555 > 2023-08-30 12:05 | Report Abuse

Probably .. hope it will be positive.. last QR , was positive due to exchange gain , resume of hotel biz and improve in O&G sector and only downside is construction and engineering . And now Last three month USD was good , travel biz are returning , O&G sector are too recovering, plus some new tenders on construction such as the cameron highland road upgrade in June and some few days ago (although will not be reported in coming QR)

fl888

7,422 posts

Posted by fl888 > 2023-08-30 23:16 | Report Abuse

Wow 25 million loss for this Qtr…suspend liike Ekovest for announcement …

fl888

7,422 posts

Posted by fl888 > 2023-09-01 10:26 | Report Abuse

Private placement like EKovest likely….

adikkici

800 posts

Posted by adikkici > 2023-09-07 15:35 | Report Abuse

Lembab

Moratorium

188 posts

Posted by Moratorium > 2023-09-29 07:36 | Report Abuse

Please continue goreng... to warrant exercise price and the moon

fregend

457 posts

Posted by fregend > 2023-10-11 15:13 | Report Abuse

Budget will benefit construction sector

M55555

926 posts

Posted by M55555 > 2023-10-20 15:07 | Report Abuse

Alamak Cirit

clp72

811 posts

Posted by clp72 > 2023-11-01 16:46 | Report Abuse

looks like AZRB is desperate for cash... stay away

Posted by savior88 > 2023-11-04 15:52 | Report Abuse

Cash crunch like every construction counter.

Posted by savior88 > 2023-11-04 15:53 | Report Abuse

Government will bail them out, buy with peace of mind

TokAbah

1,202 posts

Posted by TokAbah > 2023-11-17 12:05 | Report Abuse

When is the announcements of white knight?
Many people are waiting lorr

fregend

457 posts

Posted by fregend > 2023-11-21 18:34 | Report Abuse

seem like sleeping back, wait for new projects next year it seems

kong73

2,041 posts

Posted by kong73 > 2023-11-22 07:22 | Report Abuse

Plantation unit in Indonesia is loss making due to lack of skilled harvester. Where did they go? - Malaysia ke.. something is fishy.. indonesia have ample labour for a country of 200million. I think AZRB indo unit is fleecing/scamming the peeps in KL and they can’t do anything about it.

kong73

2,041 posts

Posted by kong73 > 2023-11-22 07:23 | Report Abuse

Elok lah dispose the plantation outfit.. a waste of time and money keeping them.

ybss99

55 posts

Posted by ybss99 > 2023-11-22 16:27 | Report Abuse

The management keeps very positive view for the future, let's see what can they do.

cktay

212 posts

Posted by cktay > 2023-11-28 09:37 | Report Abuse

The Disposal will result in an estimated gain on disposal of RM192.0 million for the financial year ending 30 June 2024, after taking into consideration the net liabilities of PTIGP.

Karlos

1,251 posts

Posted by Karlos > 2023-11-28 15:40 | Report Abuse

Huge gain on the disposal. The current equity market value of the company, AZRB is only RM 128 m only!!!

Karlos

1,251 posts

Posted by Karlos > 2023-11-28 15:43 | Report Abuse

The gain per share is more than 29 sen !

Tripaka

2,822 posts

Posted by Tripaka > 2 months ago | Report Abuse

Booming....

fregend

457 posts

Posted by fregend > 2 months ago | Report Abuse

Next week get ready

NRahmat

24 posts

Posted by NRahmat > 2 months ago | Report Abuse

Goreng

NRahmat

24 posts

Posted by NRahmat > 2 months ago | Report Abuse

Bullish sekejap

scjm

2,450 posts

Posted by scjm > 2 months ago | Report Abuse

a bullish flag formation

scjm

2,450 posts

Posted by scjm > 2 months ago | Report Abuse

also BB squeeze breakout as well as broke above resistance 20.5...jadi nikmati the goodies yang di hidangkan

NRahmat

24 posts

Posted by NRahmat > 2 months ago | Report Abuse

Resistance breakout

scjm

2,450 posts

Posted by scjm > 2 months ago | Report Abuse

tak kan semua price patterns gagal! hairan / keliru

saburo11

217 posts

Posted by saburo11 > 1 month ago | Report Abuse

Siput..

scjm

2,450 posts

Posted by scjm > 1 month ago | Report Abuse

hahaha tak apa, sekarang duduk diam diam 26 -27 beckoning

scjm

2,450 posts

Posted by scjm > 1 month ago | Report Abuse

once plantation jual price easily 40 sen so worth considering to invest

ybss99

55 posts

Posted by ybss99 > 1 month ago | Report Abuse

Agree, reward for those patient

didi7349

476 posts

Posted by didi7349 > 1 month ago | Report Abuse

Sold losing plantation unit,use the money to complete ekve,then this co will fly.....

clp72

811 posts

Posted by clp72 > 1 month ago | Report Abuse

price drop 15% in the last 3 days

scjm

2,450 posts

Posted by scjm > 1 month ago | Report Abuse

the health of the parent would improve once without reservation release the ailing child from his care... the well being of the overall operation must take precedence over any other consideration!

scjm

2,450 posts

Posted by scjm > 1 month ago | Report Abuse

most likely bottom at 11.5 and hopeful that this is a sound rebound to get out of its sluggish rout

M55555

926 posts

Posted by M55555 > 4 weeks ago | Report Abuse

Collect some

M55555

926 posts

Posted by M55555 > 4 weeks ago | Report Abuse

Many cannot wait and have no patient to see the outcome from the disposal of the plantation unit PT Ichtiar Gusti Pudi Tbk, in Kalimantan.

CYChong

12 posts

Posted by CYChong > 4 weeks ago | Report Abuse

What happened to AZSB? RM594,117.55 also no money to pay?

scjm

2,450 posts

Posted by scjm > 2 weeks ago | Report Abuse

just sell lah the plantation business which is the major negative contributor to its overall operation;
all its other businesses are in the threshold of a significant recovery for the year 2024

ybss99

55 posts

Posted by ybss99 > 1 week ago | Report Abuse

Collect more

scjm

2,450 posts

Posted by scjm > 6 days ago | Report Abuse

accumulating mode at 20? then wait for one month to see and enjoy the juicy fruits

bbc99

404 posts

Posted by bbc99 > 12 hours ago | Report Abuse

kicked out the plantation sector, good,good

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