Posted by charles_cty > 2018-08-08 10:30 | Report Abuse

KUALA LUMPUR (Aug 7): Datuk Ahmad Nizam Salleh, the newly appointed chairman of Petroliam Nasional Bhd (Petronas), has quit the board of construction and oil and gas outfit, WZ Satu Bhd.

In a filing to the exchange today, WZ Satu said Ahmad Nizam, 62, has resigned from his position as an independent and non-executive director in the compan, "to pursue other business opportunities".

With his resignation, Ahmad Nizam also ceased to be the chairman of WZ Satu’s remuneration committee. Ahmad Nizam has been on WZ Satu's board since April 11, 2016.

According to WZ Satu’s latest annual report, Ahmad Nizam was with Petronas corporate head office from 1981 to 1987, where he held various positions such as analyst, planner and project coordinator in corporate planning and finance sectors.

Subsequently, he held various senior positions in Petronas from 1988 to 2002, including head of crude oil group and later, group treasury. In 2004, he became managing director (MD) of Malaysia LNG Group of Companies and was promoted to vice-president, corporate services division of Petronas in 2007. From July 2010 to August 2015, he was MD of Engen Ltd, a subsidiary of Petronas in South Africa.

On Aug 1, the Prime Minister’s office announced that Ahmad Nizam would be the new Petronas chairman with immediate effect. He replaced Tan Sri Mohd Sidek Hassan, who stepped down as chairman on June 30, on completion of his extended three-year contract that began on July 1, 2015.

Posted by nahcee > 2018-08-08 10:41 | Report Abuse

T +3 due today. Hopefully some show in noon session.

Posted by Uncle_Lim > 2018-08-08 18:07 | Report Abuse

ahmad nizam already cabut lor

Posted by nahcee > 2018-08-09 16:38 | Report Abuse

Show only after T+3

Posted by darksoul > 2018-09-05 17:00 | Report Abuse

y sudden shot up? wat happen?

Posted by kakakemas > 2018-09-05 17:59 | Report Abuse

shark acquired...see announcement on 28 august

Posted by nahcee > 2018-09-10 18:08 | Report Abuse

Bauxite ban will be lift soon, any news?

Posted by WLiang777 > 2018-09-11 10:22 | Report Abuse

https://www.facebook.com/groups/ipohchat/permalink/2014110055311697/

Posted by darksoul > 2018-09-12 14:19 | Report Abuse

so when the bauxite ban will be uplift? New govt no give a proper date oso

Posted by nahcee > 2018-09-13 08:51 | Report Abuse

After 31/12 maybe. So hold it.

Posted by Yael Jasper > 2018-09-13 11:30 | Report Abuse

Very confident stock, good to invest it and then can buy more car HAHAH!

Posted by dingyuan > 2018-09-20 13:50 | Report Abuse

new update on bauxite ban, very very likely will uplift by early 2019.

Posted by jordanmaggie61 > 2018-09-20 14:49 | Report Abuse

Very confident stock, good to invest it and then can buy more car HAHAH!

Posted by Toriqul Jannah > 2018-09-24 21:11 | Report Abuse

Very stress to hold it..may god bless me..haha

Posted by nahcee > 2018-09-25 20:28 | Report Abuse

Accumulate while it still cheap. Don't miss the boat.

Posted by darksoul > 2018-09-25 21:20 | Report Abuse

Nahcee any good news? Next quarter high percentage is red because the impairment o...

Posted by armadatuah2017 > 2018-10-12 10:09 | Report Abuse

They keep delaying the QR because it is too bad. The company is having cash flow problems

Posted by darksoul > 2018-10-17 16:23 | Report Abuse

drop like hell...

Posted by tunku1234 > 2018-10-18 11:59 | Report Abuse

whoever holding this stock, better cut loss now before losing everything

Posted by Toriqul Jannah > 2018-10-18 16:13 | Report Abuse

Aiyoyo....come on.... Come on...hahhaa

Posted by darksoul > 2018-10-19 09:18 | Report Abuse

new low...

Posted by nahcee > 2018-10-22 15:19 | Report Abuse

0.235, how low it can go ?

Posted by darksoul > 2018-10-22 15:30 | Report Abuse

lolz... buy some 0.25, now drop to 0.235 =="

Posted by Yukimura > 2018-10-23 12:51 | Report Abuse

Everyday year low

Posted by csf954 > 2018-10-23 13:05 | Report Abuse

Any good in this counter?

Posted by RoyGon > 2018-10-24 12:01 | Report Abuse

Mati katak

Posted by darksoul > 2018-10-30 16:47 | Report Abuse

any hope for tis stock?

Posted by nahcee > 2018-10-30 16:49 | Report Abuse

no hope, run!!!

Posted by Yukimura > 2018-10-30 19:23 | Report Abuse

Really very bad result.

Posted by darksoul > 2018-10-30 19:51 | Report Abuse

Koyak...

Posted by Toriqul Jannah > 2018-10-30 23:15 | Report Abuse

http://www.thestar.com.my/business/business-news/2018/10/30/z-satu-q4-earnings-hit-by-project-disputes/

Posted by apolloang > 2018-10-30 23:16 | Report Abuse

I don't dare to buy lo....market cap only 95 mil but losses 77 mil,capital almost gone already

Posted by TYS_Capital > 2018-10-31 13:45 | Report Abuse

anyone who is holding this stock must quit now to preserve your last capital. it cannot be revived anymore for sure.

Posted by darksoul > 2018-10-31 14:37 | Report Abuse

sure or not oh?

Posted by TYS_Capital > 2018-11-01 08:22 | Report Abuse

Not sure but wish you all good luck.

Posted by armadatuah2017 > 2018-11-08 17:45 | Report Abuse

This counter is hopeless. Youll expect more losses in next quarter due to steep drop in revenue especially in its old ans gas division. The management is incapable of turning the twist.

Posted by djibaok > 2018-12-04 12:26 | Report Abuse

sweet bird droppings

Posted by ZhugeNemo > 2018-12-17 19:57 | Report Abuse

Bingo

Posted by armadatuah2017 > 2018-12-18 11:11 | Report Abuse

New project? It can’t revive WZS.

Posted by alam Rafik > 2018-12-31 22:18 | Report Abuse

SATU BHD not so much movement ..even no movement la..hold

Posted by ZhugeNemo > 2019-01-05 20:33 | Report Abuse

looking better

Posted by darksoul > 2019-01-07 11:17 | Report Abuse

can buy?

Posted by commonsense > 2019-01-07 12:34 | Report Abuse

Hi darksoul,

Maybe you should wait until there is a clearer picture on when the bauxite moratorium will be lifted. Currently the new deadline is end of March (deadline has been extended multiple times since the first moratorium on Jan 2015) to provide time for both the Pahang state and the Federal government to finalise the new SOP for bauxite mining, transport, stockpile management and export. More importantly it will also provide time for operators to clear off their stockpile at Kuantan Port.

The group’s other main divisions, both the construction and O&G are facing challenging prospects in view of the government decision to review most of the infrastructure project (for construction) and the high cost overruns of its O&G Rapid project. Its contract for West Coast Expressway also incurred high cost overruns last year. Unless management will be able to negotiate with the project owners (both Petronas and WCE Holdings) it is expected both the projects to continue incurring losses in FY19.

For me the biggest positive catalyst would be the lifting of the bauxite ban. Prior to the bauxite ban, mining business is the biggest contributor to the group’s profit at around RM20mil per year. Until then, WZ Satu will most probably record quarterly losses.

If you are looking to diversify your portfolio outside of WZ Satu (due to near term earnings uncertainties), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.2x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.

Posted by darksoul > 2019-01-07 13:57 | Report Abuse

Thanks Commonsense. Good comment.

Posted by nanas > 2019-01-14 10:11 | Report Abuse

wah. go up. what happened? any good news?

Posted by darksoul > 2019-01-14 10:16 | Report Abuse

dunno... up a lot... crazy

Posted by nahcee > 2019-01-14 10:49 | Report Abuse

new Agung effect ?

Posted by darksoul > 2019-01-14 10:55 | Report Abuse

maybe...

Posted by armadatuah2017 > 2019-01-14 12:38 | Report Abuse

Yes. Because Chairman is royal from Pahang

Posted by armadatuah2017 > 2019-01-14 13:08 | Report Abuse

The company sucks one la. Bad management.