Anzo back to the black in Q4. explores property development
Construction and timber products manufacturing firm Anzo Holdings Bhd, which swung to the black for the fourth quarter (Q4) ended March 31, 2017, on the back of higher revenue, is exploring opportunities in property development.
Just over a month ago, Anzo announced that it received a letter of intent from KL Northgate Sdn Bhd to award it, alongside MCC Oversea (M) Sdn Bhd, with a RM1.21 billion job for a mixed development in Gombak, Selangor.
In a filing with Bursa Malaysia yesterday, the group said the improvement was mainly due to construction billings from Porto De Melaka project amounting to RM5.7 million, reversal on provision for doubtful debts of RM1.3 million and no further inventory write down during the quarter.
For the 12 months, its net loss narrowed to RM4.63 million, from RM10.85 million a year ago, on the back of a revenue of RM12.26 million from RM6.11 million previously.
Chai said with a total construction order book of RM301 million to date, the group is expected to sustain its current momentum and meet its strategic objective to turn profitable for the financial year ending March 31, 2018.
The Paragon @ KL Northgate will see construction resuming in the fourth quarter of this year. This comes after Anzo Holdings Bhd’s wholly-owned subsidiary, Harvest Court Construction Sdn Bhd, announced the receipt of a letter of intent awarded by KL Northgate for the project. Chai, who is managing director of Main Market-listed Anzo, expects Harvest Court to receive the letter of award for the RM1.2 billion contract by July or August. Harvest Court will partner MCC Overseas (M) Sdn Bhd, a Malaysian subsidiary of China and Hong Kong-listed Metallurgical Corp of China Ltd, to develop the entire Paragon @ KL Northgate project. The funding will come from MCC. https://www.nst.com.my/property/2017/05/240368/big-plans-lift-selayang
0.20 is the minimum value in the last 1 year. I don't think the stock will hit 0.22 this year again as the construction sector has been booming this year.
too much consolidation before the release of latest QR -> good result -> due to risk-off sentiment in the market and too much consolidation of the stock before the announcement, the stock plummeted.
I think an average stock price during the last 3 years or the last one year will give investors a important clue. An average stock price during the last 3 years or the last one year is over RM 2.6. That will probably mean that the stock will stay longer in the range of the price over RM 2.6, so you don't need to sell the stock now.
Tecpower... anzo will 80% fall tomorrow. And to the level of 24.5. Yummy to buy level. Dun believe me... look at the last 1 month chart. Monday it will spike a bit but close back the same. Once a week it will touch 28 for u to sell 27.5 and trap new investors. And then it will fall back to 24 or 24.5.
Sigh... u are warned. Use whatever technical term u want. Shark is shark. Just be happy that the shark is currently merciful. There are a lot of other worst tactic that they can use but didnt. We have been monitoring this counter and studying it like a classical textbook just to learn a lesson from the shark. The only eay to beat him.... to play longer than him. Keep some shares floating inside here and sell the rest on opportunity to buy bacl lower.
Actually, the stock is very easy to trade. No trap in this counter.
1. If you look at stock price movement, a stock price over RM 0.2 is almost guaranteed. The stock price dropped below RM 0.2 in an extremely rare occasion.
2. The construction sector has been booming this year, so an average price of this stock is higher this year than previous years.
3.The QR released recently was improved greatly.
Someone who said the stock price was moving back to RM 1.8 was a joke.
Yes.. it's calculation every 8 year-old boy can understand. The return of my stock investment is around 80% this year. I'm not bad at trading stocks. Most of the stocks I bought surged one month within I bought the stocks.
congratulation tecpower... 80% gained. wow... pls educate us.... help me calculate share par value reduction pls. pls continue educate us.. i never study mathematics.. too poor, cannot afford go to school.. my daughter 8 years old also cannot understand shares market calculation. Father too stupid, unable to teach her.. pls help me
Ei.... i3trader. I totally forgot ivan2222. But to be fair. He started his posting in jan 2017. He did however go to other places to promote anzo. I think he is stuck much higher than alvin2222.
very strong support @0.26, now trying to break 0.265 I am sure it will break 0.265 with the strong buying already top 7 in volumn WOW going to clear 0.265 and top 3 in volumn now/
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....
Dreamzboy01
35 posts
Posted by Dreamzboy01 > 2017-05-18 16:14 | Report Abuse
Need $ for their MG...hahaha...