The copper biz could be the impetus for recovery :)
(MYR0.115) Results lifted by new copper business, is the worst over? Maybank IB Retail Research
Anzo returned to the black in 4QFY9/20, reporting a PAT of MYR0.03m vs. a LAT of MYR0.8m a year ago. This took 12MFY9/20 LAT to MYR1.3m (12MFY7/19 LAT: MYR3.5m). Note that Anzo changed its financial year end from 31 Jul 2020 to 30 Sep 2020. No dividend was declared for the quarter.
Losses narrowed in 12MFY9/20 results were mainly attributable to higher contribution from its new copper scrap trading business (reported an EBIT of MYR1.1m). Note that its timber and property divisions also recorded narrower losses on lower operating costs.
For Anzo, it is in dire need of a turnaround plan. The group has been in the red since FY10, mainly on weak demand for its timber products as well as high operating costs. Its reliance on the construction and property sectors had exposed the group to the slowdown in the economy.
That said, the recent venture into copper scrap business could pave the way for better performance ahead. Recall that in Jun 2020, the group entered into an agreement to supply up to 60,000MT of copper scrap to CSTME Resources S/B at MYR23,000/MT for 40 months (total contract: MYR1.3b).
Notwithstanding that, investors should continue to monitor Anzo’s upcoming quarterly results. Execution is key to success. In Jul 2020, the group proposed to diversify into gloves manufacturing but was called off. Its deal with Tinta Anggun Engineering to develop a hotel was also terminated.
YTD, Anzo’s share price has risen 360%. Consequently, its valuation is on the high side. At current price, the stock is trading at a P/B of 0.7x, higher than its 3-year historical average P/B of 0.4x. Warrants are not included in the BV/sh computation as they are out-of–the-money.
www.nst.com.my › 2020/09 › a... Anzo bags RM1.5bil copper scrap deal? - New Straits Times 7 days ago · Anzo Holdings Bhd may have bagged a new contract worth RM1.3 billion to RM1.5 billion to export copper scrap to Japan .
That what i keep remind the newbies retailer but most them mistaken learn at wrong teacher that taught wrong knowledge.
The simple to make money in Stock Market since memorial. But when we try to outsmart the stock market and think we smart than the stock market, the stock market will surely teach you a lesson.
The method is simple:
- Invest "LONG TERM" at a very strong fundamental Company eg like Big 4 Glove.
- Play "SHORT TERM" at a loss making penny stock. Never ever until end of time play long term in loss making penny stock counter.
- AVOID like plague syndicate link penny stock counter.
A bad habit of investor in stock market when they got addicted to a loss making penny stock.
jika konfirm, 20sen kah? :) KUALA LUMPUR: Anzo Holdings Bhd may have bagged a new contract worth RM1.3 billion to RM1.5 billion to export copper scrap to Japan and South Korea.
Sources said the company might announce the potential deal as early as next week.
Anzo Holdings Bhd may have bagged a new contract worth RM1.3 billion to RM1.5 billion to export copper scrap to Japan and South Korea. Pix courtesy of Pexels.com
KUALA LUMPUR: Anzo Holdings Bhd may have bagged a new contract worth RM1.3 billion to RM1.5 billion to export copper scrap to Japan and South Korea.
Sources said the company might announce the potential deal as early as next week.
It is believed that Anzo will start exporting the copper scrap to Japan and South Korea effective next month via a company with an AP (approved permit) licence.
The contract will create new business opportunities for Anzo in the export markets, said sources with knowledge on the matter.
The stock traded heavily yesterday, rising as much as 5.5 sen just after midday, before closing the day at 14 sen.
Some 232.4 million shares changed hands.
Anzo was one of the most active stocks traded on Bursa Malaysia.
The potential copper contract will be the second major win for Anzo this year.
In June, Anzo won a RM1.3 billion contract to supply copper scrap indirectly to a steel-making group in South Korea effective from July 1.
Anzo, which is being looked at by global funds from Hong Kong and China, had entered into a supply agreement with CSTME Resources Sdn Bhd, one of the major importers and exporters of non-ferrous materials in Malaysia.
In a recent filing with Bursa, Anzo had said that it would supply up to 60,000 tonnes of copper scrap to CSTME at RM23,000 per tonne over 40 months.
It is unclear if Anzo will also work with CSTME, which has an AP licence, for the new job.
Anzo, which is involved in property development and timber products, had in the last two years been actively seeking new business to diversify its income stream after posting losses for many quarters because of market conditions.
Its managing director Datuk Eddie Chai Woon Chet told the New Straits Times previously that Anzo was expected to turn around in the current year ending July 31, 2020.
This could be possible given that Anzo has already supplied close to 4,500 tonnes of copper to South Korea, worth about RM90 million since July 1.
At current price, the stock is trading at a P/B of 0.7x.
The recent venture into copper scrap business could pave the way for better performance ahead. Recall that in Jun 2020, the group entered into an agreement to supply up to 60,000MT of copper scrap to CSTME Resources S/B at MYR23,000/MT for 40 months (total contract: MYR1.3b).
The new contract with the Japanese & Korean, to be announced this week probably, bukan? :)
DATO’ SERI ABDUL AZIM BIN MOHD ZABIDI
Independent Non-Executive Chairman
Dato’ Seri Abdul Azim Bin Mohd Zabidi, a Malaysian
male, aged 60, joined the Board as Independent Non-
Executive Director on 22 May 2015 and re-designated
as the Chairman of Anzo Holdings Berhad (“Anzo”) since
2 October 2015. He is presently a member of Audit
Committee and Nomination and Remuneration Committee
of Anzo.
Dato’ Seri Azim graduated with a Master of Arts in Business
Law from the London Metropolitan University, United
Kingdom in 1983. He is also a Fellow of The Chartered
Institute of Secretaries, United Kingdom.
Dato’ Seri Azim started his career in banking in 1984
and rose quickly through the ranks when in 1990 he was
appointed Group Head of the Bank’s Corporate Banking
Department. He was then seconded to Commerce Property
Trust Managers (now known as Amanah Property Trust
Managers) and initiated the establishment of Commerce
BT Fund Managers (today known as CIMB-Principal Asset
Management). His association with the fund management
industry saw him elected as President of the Federation of
Malaysian Unit Trust Managers (now known as Federation
of Investment Managers Malaysia) from 1998-2003.
During this period, he was appointed to the Board of
the International Investment Funds Association and was
Chairman of its Audit Committee. He held the position of
DIRECTORS’ PROFILE
Chairman of Bank Simpanan Nasional from 1999 to 2009
and the bank has seen a steady improvement in operating
profits during his tenure. He was also actively involved with
the World Savings Banks Institute (“WSBI”). In 2000, he
was appointed President (Asia Pacific) for WSBI and in
2003, he was elevated to its Board of Directors. Dato’ Seri
Azim was elected as Vice President and Treasurer of WSBI
in September 2006, a position he relinquished in April 2009.
In the field of sports, he was appointed Chairman of the
National Sports Institute in May 2017 and subsequent to
that appointed Malaysia’s Chef-de-Mission to the Asian
Games 2018 in Jakarta and Palembang, Indonesia. On 5th
May, 2018, Dato’ Seri Azim was elected Deputy President
of the Olympic Council of Malaysia.
He now sits on numerous local and foreign Boards of
Companies, both public and private, amongst which are
XOX Bhd, Timberwell Berhad and Fintec Global Berhad.
He has no relationship with any other Directors or Major
Shareholder of the Company, no conflict of interest with
the Company and has not been convicted for any offences
within the past five (5) years other than traffic offence, if any.
Datuk Chai Woon Chet, a Malaysian male, aged 41,
was appointed to the Board of Anzo on 22 May 2015 as
Managing Director of the Company. Presently, he is the
Chairman of the Share Issuance Scheme (“SIS”) Committee
of Anzo.
Datuk Chai graduated with a Diploma in Business
Economics (KDU).
Datuk Chai was a Marketing Manager of Sanbumi Sawmill
Sdn. Bhd. (a wholly-owned subsidiary of Sanbumi Holdings
Berhad which is listed on the Main Board of Bursa Malaysia
Securities Berhad). He had been involved in the timber
business industry with buyers from Japan, Europe, South
Africa and Korea for the past 8 years. He also has extensive
experience in property development, construction and the
automotive sector.
Datuk Chai was formerly the Managing Director of Lintasan
Mayang Development Sdn Bhd, which is the developer
for Sabah’s biggest integrated township, Alamesra,
an innovative 265 acre mixed development with gross
development value of RM1.3 billion. Datuk Chai was also
the former managing director of Maxims Circle Development
Sdn Bhd, which carried out property development projects
at Kuala Lumpur with gross development value of RM23
million in Taman Permata, Melawati and RM66 million in
Segambut.
Currently, Datuk Chai is a Director in M3 Technologies (Asia)
Berhad and also sits on the board of directors of various
other private companies.
Datuk Chai is a major shareholder of the Company through
his interest held in Zenith City Investments Limited and
Ocean Milestone Sdn Bhd, a major shareholder of the
Company, pursuant to Section 8 of the Companies Act,
2016.
He has no relation with any director and/or other major
shareholder of the Company, no conflict of interest with
the Company and has not committed any offences within
the past five (5) years other than traffic offences, if any.
Chong Khing Chung
Independent Non-Executive Director
Mr Chong Khing Chung, a Malaysian male, aged 52, was
appointed as an Independent Non-Executive Director on
19 July 2017. He is presently the Chairman of Nomination
and Remuneration Committee and a member of Audit
Committees of Anzo.
Mr Chong graduated with a Bachelor of Commerce degree
from University of Western Australia, Perth. He is a Fellow
Member of CPA Australia (“FCPA”) and Chartered Member
of Malaysian Institute of Accountants (“CA”).
Mr Chong spent the early part of his career in the
accountancy profession. He later worked in the capital
market industry holding various positions, including as
the Executive Director of a stockbroking company in
Sabah. He has also worked as Executive Director, Finance
Director and Chief Financial Officer of numerous public
listed companies in Malaysia, Singapore, Hong Kong and
the United Kingdom.
He is currently a director of Wullersdorf Resources Sdn Bhd
(a wholly-owned subsidiary of Bahvest Resources Berhad)
and Country Heights Holdings Berhad.
He has no relationship with any other Directors or Major
Shareholder of the Company, no conflict of interest with
the Company and has not been convicted for any offences
within the past five (5) years other than traffic offence, if any.
Tan Lay Chee
Independent Non-Executive Director
Mr Tan Lay Chee, a Malaysian male, aged 40, was
appointed as an Independent Non-Executive Director on
5 September 2017. He is presently a Chairman of Audit
Committee of Anzo.
Mr Tan graduated from Systematic College in Association
of Chartered Certified Accountants (ACCA, UK). He is a
Fellow member of the Association of Chartered Certified
Accountants (ACCA, UK) and a member of the Malaysian
Institute of Accountants (MIA).
Mr Tan started his career as a chartered accountant with
Messrs BDO Binder for approximately of 5 years. He then
joined Goodway Integrated Industries Bhd., retreading tyres
company listed on the Bursa Malaysia Securities Berhad as
Group Accountant for approximately of 4 years. In 2009, he
joined Hap Seng Consolidated Berhad a company listed on
the Bursa Malaysia Securities Berhad as Finance Manager,
in charged in the Quarry, Building and Trading Materials
division. Thereafter, he joined Sapurakencana Petroleum
Berhad (now known as Sapura Energy Berhad) in year
2013, an oil and gas company listed on the Bursa Malaysia
Securities Berhad as Finance Manager. Presently, he is
working in a professional firm specialising in accounting,
audit, tax and company secretary services.
Mr Tan Lay Chee does not hold directorships in any other
public companies.
He has no relationship with any other Directors or Major
Shareholder of the Company, no conflict of interest with
the Company and has not been convicted for any offences
within the past five (5) years other than traffic offence, if any.
in future, all renovation, opening of new outlets, etc could be handled by anzo. :)
KUALA LUMPUR (Sept 17): At the price of 30 sen per share, Datuk Chai Woon Chet seemed to have made an attractive mandatory takeover offer (MTO) to the minority shareholders of Oversea Enterprise Bhd (OEB) given the restaurant chain’s share price had never traded at that high level since it was listed in April 2010.
Nonetheless, Chai’s MGO, which closed at 5pm today, only received 500 shares. It is not hard to fathom the low acceptance for the offer. OEB's share price rocketed to a record high of 86 sen on Aug 12 — nearly triple of Chai’s offer price — six days after the takeover offer was launched.
OEB share price retreated from the peak since then, hovering in the range between 69 sen and 79 sen. Still, the stock price was substantially higher than Chai’s offer.
Besides the takeover offer, there is no other material announcement made by the company. Nonetheless, the stock just rallied.
real biz, more talents on board :) 9342 ANZO ANZO HOLDINGS BERHADChange in BoardroomDate of Change:21/09/2020Type of Change:AppointmentDesignation:DirectorDirectorate:Ind
Anzo Holdings Berhad (36998-T)
Condensed Consolidated Statement of Comprehensive Income
For the period ended 31 July 2020
2020 2019 2020 2019
Current Qtr ended Current Qtr ended 12 months cummulative 12 months cummulative
31 Jul 31 Jul 31 Jul 31 Jul
(RM) (RM) (RM) (RM)
(Unaudited) (Unaudited) (Unaudited) (Unaudited)
Revenue 20,026,219 1,720,989 35,562,672 6,217,659
Cost of sales (19,053,447) (1,661,466) (33,283,805) (6,066,716)
Gross profit /(loss) 972,772 59,523 2,278,867 150,943
Other income 121,056 121,742 495,175 431,133
Administrative expenses (1,029,340) (991,765) (3,977,508) (4,028,282)
Other Expenses (44,561) (6,272) (134,502) (39,525)
Finance Cost (5,050) (10,339) (33,611) (50,916)
Profit /(Loss) before taxation 14,877 (827,111) (1,371,579) (3,536,647)
Taxation 19,453 19,453 77,812 77,812
Profit /(Loss) for the period, representing 34,330 (807,658) (1,293,767) (3,458,835)
total comprehensive income for the period
Net profit/(loss) and total comprehensive
income for the financial period
Attributable to:
Equity holders of the parent 34,330 (807,658) (1,293,767) (3,458,835)
Profit/(Loss) per share attributable
to equity holders of the parent:
Basic (Sen) 0.00 (0.09) (0.15) (0.39)
Dilluted (Sen) 0.00 (0.09) (0.15) (0.39)
Notes:
1) The condensed consolidated income statements should be read in conjunction with the audited financial statements for the
year ended 31 July 2019 and the accompanying explanatory notes attached to the interim financial statements.
2) The Company has changed it financial year end from 31 July to 30 September as announced to Bursa Malaysia Securities Bhd
on 16 July 2020.
esos pun 10sen :) Additional Listing Announcement /Subdivision of Shares
ANZO HOLDINGS BERHAD
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?NoTypes of corporate proposalESOSDetails of corporate proposalShare Issuance SchemeNo. of shares issued under this corporate proposal500,000Issue price per share ($$)Malaysian Ringgit (MYR) 0.1000Par Value($$) (if applicable)Malaysian Ringgit (MYR) 0.000
Latest issued share capital after the above corporate proposal in the following
Units892,930,960Issued Share Capital ($$)Malaysian Ringgit (MYR) 139,608,501.730Listing Date18 Sep 2020
Additional Listing Announcement /Subdivision of Shares
ANZO HOLDINGS BERHAD
1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?NoTypes of corporate proposalESOSDetails of corporate proposalShare Issuance SchemeNo. of shares issued under this corporate proposal500,000Issue price per share ($$)Malaysian Ringgit (MYR) 0.1000Par Value($$) (if applicable)Malaysian Ringgit (MYR) 0.000
Latest issued share capital after the above corporate proposal in the following
Units892,430,960Issued Share Capital ($$)Malaysian Ringgit (MYR) 139,268,108.700Listing Date29 Jul 2020
We refer to the Company’s announcements dated 25 June 2020, 29 June 2020 and 1 July 2020, in respect of the aforesaid matter. The Board of Directors of Anzo wishes to further inform that although the persons connected with CSTME, Mr Albert Tan Yean Heong, Mr Kevin Tan Yean Khim and Ms Chu Boon Lin have on 8 July 2020 disposed their shareholdings in Anzo, the Supply Agreement entered on 25 June 2020 remained valid and on going.
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....
menort
1,006 posts
Posted by menort > 2020-09-22 00:05 | Report Abuse
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