Posted by lksiam > 2018-06-01 15:28 | Report Abuse

"PETALING JAYA (June 1): Malaysia Prime Minister Tun Dr Mahathir Mohamad said the government will respect the terms of contracts inked by the previous administration in relation to mega projects in the country. He said Malaysia will stick to the rule of law as the nation reviews these contracts.

Speaking at a press conference here today, Dr Mahathir said the government will, however, take a different action if it discovers something wrong was done in a contract.

"We will go according to agreement or contract that has been given. We will stick by that..."

Posted by john doe > 2018-06-01 17:09 | Report Abuse

Dear Indo,

"Definitely company will avoid challenging gov in court." I didn't say never. To challenge gov in court is last choice. It all depends on the re-negotiation terms and proposed deals. Re-negotiation is the way to maintain good business relationship in long term.

Posted by Marlboroman > 2018-06-03 17:51 | Report Abuse

On compensation issue, I would rather see the company get a one-off compensation than to wait for it to collect its toll concession over its concession period.

One-off compensation will most likely translate to one-off special cash disbursement to shareholders but smaller amount as compared to total toll collected over the concession period.

Imagine like this, in the US if you win the powerball lottery you can either take a single payment at 60% which is likely to be 45% net due to tax deduction or you get paid the full sum of the jackpot in monthly divided amounts but over 30 years!!.

Thus, I would rather hope that the government abolish toll concession, pay AZRB a compensation which in turns pays off some of its debts and then pay me a big cash dividend or even say a dividend in specie.

PS: If the compensation were to be lesser than the cost that was incurred in the run up to developing the EKVE and so nothing is paid as special dividend, then AZRB to be blamed for not making contingency for such scenario, however, I am sure the NEW government will be fair if not HAPRAK PENIPU semua.

Posted by lksiam > 2018-06-04 08:29 | Report Abuse

Dear Marlboro,

Agreed... The profit margin may shrink due to re-negotiation but it will eventually still a profit. New gov will honor every contract as what they had declared on 1 June. Otherwise, (foreign) investors will not dare to come Msia.

Posted by lksiam > 2018-06-04 15:06 | Report Abuse

AZRB coming back

Posted by Marlboroman > 2018-06-04 15:25 | Report Abuse

Dear Iksiam,

Thank you for your input and just to add to my earlier post. Ni kerajaan baru haraplah jangan je dok piker pasal manifesto rakyat sampai terlupa plak kat investors / shareholders. If not, bukan kerajaan yang nak tanggung tol rakyat, kita sebagai pemegang saham yg kena.

You baca jampi apa hari ni....go go go AZRB .... kuda sudah mau lari

Posted by Marlboroman > 2018-06-04 15:30 | Report Abuse

.....hopefully not dead cat bounce

Posted by Marlboroman > 2018-06-04 16:40 | Report Abuse

last 15 minutes of trading, kuda tengah makan steroid .... go go go AZRB !

Posted by john doe > 2018-06-04 17:30 | Report Abuse

Most retail investors are rushing to sell off when there is even a slight rebound. That is the typical behavior after being trapped for sometimes at low... Today volume is nice. Let us see how far it can go this week.

Posted by FunnyTan > 2018-06-04 17:56 | Report Abuse

RIP

Posted by calvintaneng > 2018-06-04 20:35 | Report Abuse

GOOD REBOUND!!

Posted by calvintaneng > 2018-06-04 20:35 | Report Abuse

AZRB IS PURE BUMI CLASS A CONTRACTOR

IT CAN SECURE PROJECT ON ITS OWN MERIT

SO DON'T LOOK DOWN ON AZRB OK?

Posted by joetay > 2018-06-04 21:13 | Report Abuse

but mata buta calvintaneng, we have alrdy certify u as mata buta on mrcb among many stocks, why u now want to press down ahmad zaki as well????

lol.............

Posted by rogers123 > 2018-06-05 00:03 | Report Abuse

calvintaneng Debt Rm1 Trillion with Population of 30 millions in Malaysia

USA has Rm84 Trillion Debt with population of 300 millions

So US population is only 10 times more than Malaysia with Debt 88 Times Higher.
See US Debt Clock http://www.usdebtclock.org/

If US ok why not Malaysia?

What is the Overall Net Net Wealth of Malaysia? <-- People only wan USD instead of RM. So u cant compare Malaysia with US. Try to compare it with developing countries not developed countries

Posted by lksiam > 2018-06-05 09:54 | Report Abuse

go go power rangers

Posted by HazByn > 2018-06-05 15:03 | Report Abuse

steady la ahmad zaki.

Posted by Marlboroman > 2018-06-05 16:29 | Report Abuse

http://www.bernama.com/en/business/news.php?id=1391770

http://www.theedgemarkets.com/article/azrb-turning-point-sees-better-days-ahead

Old stories revisited in above, penuh potensi untuk masa depan

Posted by Marlboroman > 2018-06-05 16:56 | Report Abuse

Di Counter inilah bermulanya sebuah Harapan untuk masa depan anda dan seiisi keluarga, beli lah tanpa waswas

Posted by SAStockAlliance > 2018-06-05 23:12 | Report Abuse

https://klse.i3investor.com/blogs/stockalliance/159064.jsp
Congratulations strong rebound construction stocns. From SA

Posted by lksiam > 2018-06-06 07:39 | Report Abuse

"... Included in other receivables of the Group and of the Company are an amount of RM91,321,000 (2016: 92,758,000) and RM47,945,000 (2016: RM47,592,000) respectively, which were classified as non-current in 2016, consist of the award issued by the sole arbitrator of the International Court of Arbitration under the International Chamber of Commerce in 2013 pertaining to the arbitration initiated by the Group in year 2011 against a particular contract customer in respect of the development of a university campus in Saudi Arabia. The Group and the Company, through its external legal counsels in Saudi Arabia, had filed the arbitrator award with the local Saudi court on 2 February 2014 in order to obtain an enforcement order. Based on the advice from its external legal counsels, the whole process of obtaining an enforcement order and recovering the award will approximately be completed on or before 31 December 2018, therefore in the current financial year, these amounts have been classified as current receivables..."

More reasons for you to buy and hold. Without any stimulus, AZRB should be going back to around RM0.6...

If compensation amounts (91m+47m) mentioned above are recovered, you can imagine the special dividend!
*Please be reminded that the market cap now is only 226m...

Posted by lksiam > 2018-06-06 10:13 | Report Abuse

go go power rangers x2

Posted by HazByn > 2018-06-07 20:10 | Report Abuse

drop so much

Posted by CHeezy > 2018-06-08 08:34 | Report Abuse

gg.. sell raya time

Posted by Follower > 2018-06-08 11:58 | Report Abuse

pariah kia shu counter profit up but share like cowdum soft low of 0.36 now 0.41...A to Z all shit.

Posted by greedy_bilis > 2018-06-08 14:40 | Report Abuse

It will go up... Be patient...

Posted by lksiam > 2018-06-11 10:23 | Report Abuse

It is always much more difficult to push a correction (downtrending) stock than a uptrending stock. But as long as the fundamental is there, it is a matter of time.

Posted by greedy_bilis > 2018-06-11 13:19 | Report Abuse

Very strong FA...

Posted by tnang > 2018-06-12 15:05 | Report Abuse

A class Bumi Contractor. very fundamental. good price.

Posted by kong73 > 2018-06-12 18:44 | Report Abuse

Tmrw saya masssukkk

Posted by khchong78 > 2018-06-13 08:39 | Report Abuse

I will start accumulate from today.

Posted by john doe > 2018-06-13 11:34 | Report Abuse

Sharp spike at ~11am

Posted by ilovehits > 2018-06-13 23:27 | Report Abuse

This stock can't get attention even has good result.

Posted by lksiam > 2018-06-14 07:34 | Report Abuse

Without fund institution or super investors like cold eyes and KYY, the price will be moving sideways... But if AZRB can keep up with consistent improving Q results, they will comeback eventually.

Posted by lksiam > 2018-06-14 09:48 | Report Abuse

Oh, climbing again...

Posted by Woody > 2018-06-14 09:51 | Report Abuse

50 sen coming. :)

Posted by Enemiemannan > 2018-06-14 15:37 | Report Abuse

so many projects but profit so low

Posted by Enemiemannan > 2018-06-14 15:37 | Report Abuse

management prob?

Posted by shpg22 > 2018-06-15 00:22 | Report Abuse

With its Debt/Equity ratio of 5x, its virtually working for the bank, not shareholder. Never come across any company in Bursa that is so highly leverage than this.

Posted by nearownkira > 2018-06-17 11:50 | Report Abuse

AZRB is borrowing lots of money to finance the building the toll road and the repayment will be covered by toll collection.

Posted by kong73 > 2018-06-20 16:10 | Report Abuse

Add another 10000units at 0.40 same price as the Group MD bought for 100k recently

Posted by Moneymoneylai > 2018-06-26 15:33 | Report Abuse

is this counter dead? so boring. cant break that 0.4 wall at all.

Posted by Post1 > 2018-06-28 17:26 | Report Abuse

Bila mau naik lagi ni ctr. Keep drop, any news?

Posted by francis188 > 2018-06-28 21:41 | Report Abuse

who had attended the AGM ? keen to share ?

Posted by cheoky > 2018-06-29 23:19 | Report Abuse

gone case

Posted by apolloang > 2018-06-29 23:22 | Report Abuse

y gone case? hit new low ar? hahaha

Posted by cheoky > 2018-07-02 17:18 | Report Abuse

Ekovest vs azrb. Less one zero behind. Potential 10X?

Posted by Investeye > 2018-07-02 23:24 | Report Abuse

Bought some lots started from today...

Ahmad Zaki Resources Bhd (AZRB) is anticipating a positive outlook and an improved bottom line for the financial year ending Dec 31, 2018 (FY18), on the back of ongoing projects and better performance from its plantation division.

“We are looking at improving our divisions such as the loss-making division — plantation division — and also improving the bottom line of our oil and gas division,” its group managing director Datuk Sri Wan Zakariah Muda told reporters at a press conference after its annual general meeting here yesterday.

He noted that the construction division will still remain core to its performance, adding that AZRB will be seeing growth in terms of work volume for its construction division this year.

“Being in the industry for the past 36 years, we are very confident that we can actively and competitively participate in any new projects,” said Wan Zakariah, noting that he does not see any long-term impact from the change in government policies on the construction industry.

Posted by kong73 > 2018-07-03 09:43 | Report Abuse

Nice

Posted by tamasi > 2018-07-03 12:13 | Report Abuse

Directors buyback

Posted by Post1 > 2018-07-04 10:40 | Report Abuse

Bought some.