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.
For all civil main contractor packages, bumiputera participation is mandatory Industry players must form JVs or consortiums with bumiputera construction companies. All partners in the JV/consortium to declare their ultimate beneficial ownership The minimum required percentages of effective bumiputera ultimate beneficial ownership are 31% for CMC301 and CMC302, and 20% for CMC303, and the percentage of bumiputera work share at Tier 2 will be at least of the same value as the effective bumiputera ultimate beneficial ownership in respective packages. MRT Corp’s intention to have capable bumiputera players participating in the MRT3 project and, more importantly, they must be active members of their JV/consortium with their own work scope. MRT Corp is currently the running open tender process for the MRT3 Circle Line’s four main contract packages with an approach that will transform the construction sector and rejuvenate the economy. MRT3's construction cost to be around RM31b, and be operational by 2030. https://ceomorningbrief.theedgemalaysia.com/article/2022/0392/Home/9/623695 After a drought of projects for several years, hopefully AZRB's future going forward will be better as there are not many Class Bumiputra contractors. At current price I would think it is ridiculous to sell!
The lousy management, only left 4 or 5 percent ekve, but they never have the determination to finish it, how many years already, the sleepy management just sleep on it. Very very louzy. Ever month money still goes into their pockets. They dun care at all, ya makan gaji buta
I also learned about AZRB when I did research on WCEHB.
This is the latest news that I can find about AZRB: EKVE 91% completed, to be opened in stages in 2024, says Works Ministry (March 06, 2023) https://www.theedgemarkets.com/node/657998
Considering its price is near all time low, I would say the reward is a lot higher than the risk. Good luck to you all!
Concession ada (EKVE) Pen Medic , Palm oil Plantation ada , Holiday resort ada, Property development ada , Oil & Gas ada , Engineering and Construction ada.. supposely a good balance company. BUT not getting better
Don’t rush to sell this counter, the progress from kajang to ampang section should be completed next year, the flyover are ready, only the asphalt road and resting stops are left.
Warrant expiring@13 May 2024 at 0.63. We should see some action from here until then. It's been pressed down for a while now. The stars are starting to align for AZRB...
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....
240gpark
223 posts
Posted by 240gpark > 2022-04-25 18:39 | Report Abuse
https://www.orientaldaily.com.my/news/business/2022/03/31/477566