Start to relook into AZRB due to following : 1. One of the bumi company benefit from 11MP especially from east coast. 2. Recently get the LOA from ECERDC for the KPC Port Link Road Project in Kuantuan Port City worth 113m 3. AZRB and Multiglow have reached an amicable settlement 4. Plantation contribution eventhrough less satisfied by have much room to recover 5. Balance order book in Construction Division stood at RM3,388 million 6. Present share price is consolidated quite some time at RM0.70 and less impact from recent market downtrend
Latest prospects from latest Q report: The Group’s Construction Division expects to perform better as the remaining order book balance remains strong and the prospects for enhancement of the order book is encouraging. Moving forward, the Oil and Gas Division continues to be robust with steady flow of income to the Group. The Group also looks forward to achieving positive development in Plantation Division.
1. Oil and Gas profitable with price diving at 60 per barrel ?? == Im not sure 2. Plantation will reap profits only in 2016 if im not mistaken....== Wait .3. Construction is doing well.. = Good its price is abt 33 pct of its strength....Wait till Plantation or Oil n Gas to perform...maybe share price will be better. What to do ? Wait n wait n ringgit also depreciate.....will buy more in 2016. Meantime, im in coma to.....
Accumulated some lot at RM0.525, except beginning of 2009 from 2006, this price is the lowest. As the project visibility is there and start to pay dividend and expect to benefit from mp11. Good opportunity to accumulate at present price.
Maintain BUY from RHB. Ahmad Zaki is a good small-cap proxy to the construction sector, given its involvement in the Klang Valley Mass Rapid Transit (MRT) project, the MYR1.55bn East Klang Valley Expressway (EKVE) project and various government facilities. Its record outstanding construction orderbook of MYR3.2bn (see Figure 2) at present will keep it busy for the next 4-5 years. We also like Ahmad Zaki for its stable of concession assets comprising a highly profitable bunkering operation at the Kemaman Supply Base in Terengganu, the International Islamic University of Malaysia (IIUM) Teaching-Hospital (under construction) and the EKVE (under construction). In addition, there is tremendous value in its 21,000-ha oil palm plantations (23% planted) in West Kalimantan, Indonesia. We keep our SOP-based TP atMYR0.98, valuing its construction business at 10x FY16F earnings, in line with our benchmark 1-year forward target P/Es of 10-16x for the sector
KUALA LUMPUR (Sept 17): Ahmad Zaki Resources Bhd (AZRB) ( Valuation: 2.60, Fundamental: 0.60) has bagged a mixed development project worth RM386.65 million.
a wholly-owned subsidiary of Ahmad Zaki Resources (AZRB), has entered into agreements for debt financing facilities for the East Klang Valley Expressway. The civil engineering company said EKVE had entered into a government support loan agreement with the Government for a term loan facility of up to RM635m. Maybe it take time to move and to conclude in the radar until the project stated. Anyway, can buy for long term investment since the price is still yet to move.
furthermore, the price now is almost the same as Jan 2012, where the price was up and touch 1.14 in that month. Who knows maybe the same will happen again? Good luck guys
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....
supernova
1,923 posts
Posted by supernova > 2015-05-29 16:00 | Report Abuse
MRT kajang parcel seems nicely done