The EKVE highway is expected to be ready by the end of 2022,” said the deputy minister in the Dewan Rakyat today.
He was responding to a query from Temerloh MP Datuk Mohd Anuar Mohd Tahir who asked for details on the completion of the highway.
The EKVE is part of the Kuala Lumpur Ring Road which passes through Bandar Mahkota Cheras, Jalan Hulu Langat , Ampang Reserve Forest and ends at the Middle Ring Road 2 (MRR2).
The highway involves the development of a dual two-lane route which begins from Sungai Long in the Kajang Dispersal Link Expressway (Kajang SILK) until MRR2 in Ukay Perdana.
EKVE spans 36.16km of which 3.5km involves upgrading work in Jalan Ukay Perdana.
They actually have generated some revenue from their toll concession business - perhaps certain section already open. Going to check out this weekend jalan jalan ekve
Stay invested...AZRB ni kan masih ada lagi 800million order book to complete..good solid income..tak masuk oil palm income sekarang palm oil all timehigh and toll concession
On the engineering and construction division, it said AZRB has RM831 million outstanding orderbook as at June 30, 2021 and is focusing on sourcing for avenues to replenish the orderbook whilst the current outstanding balance would be able to sustain the company for the upcoming year.
On the plantation division, it said the high crude palm oil and commodity prices, in general, augured well for the division.
“With the palm oil mill’s capacity utilised to its fullest potential, the division is confident that production and sales can be maximised to capitalise on the current higher prices of palm products, to continue the division’s uptrend of late,” it said.
On the concession division, it said the company is encouraged by the contribution from the division, which continued to steadily provide positively to the company from its long-term concession which would last up till 2038.
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.
Many has forgotten AZRB and MKH also have sizable oil palm plantations in Indonesia. This segment will contribute positively to the profitability of the companies .
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.
If you think you got extra cash to spare, then buy this and hold... Nothing to worry and nothing to lose, just a matter of time before construction bubble come back... 100% at 0.40 is piece of cake
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.
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....
kong73
2,065 posts
Posted by kong73 > 2021-10-11 10:25 | Report Abuse
Talent will alwys be moving in and out…azrb is not serba dinamik as their business is more transparent/straightfowrd than serba dinamik