ZELAN BHD

KLSE (MYR): ZELAN (2283)

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Last Price

0.06

Today's Change

0.00 (0.00%)

Day's Change

0.06 - 0.065

Trading Volume

299,200

Overview

Market Cap

51 Million

NOSH

845 Million

Avg Volume (4 weeks)

1,570,094

4 Weeks Range

0.06 - 0.075

4 Weeks Price Volatility (%)

0.00%

52 Weeks Range

0.025 - 0.09

52 Weeks Price Volatility (%)

53.85%

Previous Close

0.06

Open

0.06

Bid

0.06 x 5,951,700

Ask

0.065 x 1,682,500

Day's Range

0.06 - 0.065

Trading Volume

299,200

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2024 [#1] | 29-May-2024

Next QR | Est. Ann. Date

30-Jun-2024 | 28-Aug-2024

T4Q P/E | EY

0.75 | 133.99%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.19 | 0.32

T4Q NP Margin | ROE

200.64% | 42.31%

Market Buzz
News and Blogs

No result.

Company Profile

Sector: CONSTRUCTION

Sector: CONSTRUCTION

Subsector: CONSTRUCTION

Subsector: CONSTRUCTION

Description:

Zelan Bhd is a Malaysia based company which is involved in engineering and construction business sector. The company business segments are Engineering and Construction segment which include projects in Indonesia, the Middle East and Malaysia, Asset and Facility Management segment which include rental income, car park income and management fees, and Property and Development segment which include rental income. The Engineering and Construction segment generates more revenue for the company. It exports its product to Indonesia, United Arab Emirates and Kingdom of Saudi Arabia but the majority of its sales happen in Malaysia only.

Discussions
19 people like this. Showing 50 of 7,125 comments

areenas

Heard that ZELAN IS A PRIVITISATION TARGET

2024-01-11 08:59

areenas

By MMC owns 39% of Zelan

2024-01-11 08:59

areenas

Speculation from Telegram channel grouos

2024-01-11 09:00

koyokui

Tp 10sen

2024-01-15 14:11

prince4

PN17

2024-01-23 12:21

prince4

二月到期

2024-01-23 12:21

hohlaiyet88

Hopefully will out of from PN17, since 1st to 3rd QR also green and 4th coming next month.

2024-01-24 09:36

170679

Waiting at 5¢. This year maybe still pn17. Maybe next year exit pn17

2024-01-27 21:09

MarioBros

17069, 2 month left. Most probably this year can get out of PN17 if not extended. But something fishy, klse screener apps show Zelan no longer in PN17 status

2024-02-16 08:55

somchik

magnificent , voila 49 millie , benefice avant impot

2024-02-29 18:21

somchik

superb qters report, 49 millions profits drop from the sky, hihihi. nta 0.18 sen , ready ready , no more pn17 ,

2024-02-29 18:28

koyokui

Buy profit rm50 million. About same of the market cap

2024-02-29 18:58

bleuerouge

white knight is coming, going 0.070/0.095 and sky

2024-02-29 23:41

hohlaiyet88

Got any opportunity remove out from PN17?

2024-03-02 12:02

MarioBros

Still on audit. I think it just a matter of time they announce good news.

2024-03-05 21:59

hohlaiyet88

May be good news soon for remove out from PN17

2024-03-14 09:57

Lai Peng Chin

It's financial year ended with net profit 65.6 millions, 17722.5% increased. Surely can get out PN17.

2024-03-14 10:28

LY Hoh

👍👍👍

2024-03-14 14:19

Bull13

Read the latest announcement on 29/2.
Zelan have a incoming receivable of RM241.76 followiing a court award overseas!!
This should pput Zelan in a good position to exit pn17 and their participation in the upcoming HSR Project .

2024-03-15 09:32

MarioBros

Bull13, if you see their regulation plan to exit, all are already done and just wait for audit to complete. This month is the month they will exit. Hopefully, got contract and it will fly

2024-03-15 10:15

Bull13

Yes. MarioBros. Everything is already in place to exit pn17. Could be tomorrow or next week ?

2024-03-15 11:23

RX350

😍

2024-03-15 22:17

Bull13

And Zelan is Syed Mohktar's construction arm.

2024-03-16 13:13

Bull13

Read the latest announcement on 29/2.
Zelan have a incoming receivable of RM 241.76 M followiing a court award overseas!!
This should pput Zelan in a good position to exit pn17 and their participation in the upcoming HSR Project .

2024-03-17 13:28

koyokui

Buy insyaallah out of pn17

2024-03-17 19:15

MZM2511

Yes... Bought in some..

2024-03-22 22:40

RTA09391

Local & Institutional investors will buy this counter when its touch RM0.50, typical Malaysian investor buy high sell low

2024-03-25 08:47

LY Hoh

Touch RM0.50 very difficult? If can go for RM0.20 already Thanks God lor😁😁😁

2024-04-11 14:51

MZM2511

Resolve the PN17 issue, and I think it could be pushed to the higher price...

2024-04-11 18:34

LY Hoh

Anyone know the status of PN17? It will possible make announcement on coming meeting 11/6/2024?

2 months ago

MZM2511

On behalf of the Board of Directors of the Company, Kenanga Investment Bank Berhad had on 29 March 2024 submitted an application for an extension of time to submit a regularisation plan to Bursa Securities (“EOT Application”).
The EOT Application is currently pending decision from Bursa Securities.
-----------

I think have to wait for a couple of times...

2 months ago

birkincollector

trading halted.....hmmm

2 months ago

LY Hoh

It any good news for this halted? Out from PN17?

2 months ago

LY Hoh

Any news for this counter? Price almost between 0.06 to 0.065…..

2 months ago

MZM2511

Peram dulu. Holding it tightly. Add more if the price drop to 5 sen and below.

1 month ago

LY Hoh

I continue added when it 0.055 to average down. I keyed 0.05 long time cannot match. Just paid another 0.005 lor. I kept this share long long time already.

1 month ago

MZM2511

@LY Hoh. Yes. Agree. Especially for those who want to play for midterm investment.
I'm a newcomer here. Bought some @6 and 6.5 sen.

1 month ago

MZM2511

The incoming QR1 2024 at the end of this month... Hope will see a good results...

1 month ago

MZM2511

Base on my BRIEF study on the QR1 2024 of Zelan:

Summary:

The company

A: Sitting on positive reserve of RM70,837,000.

B. Recorded net profit for FOUR quarter of last FIVE latest quarters.

C. Not a cash rich company.

D. Total assets > Total liabilities, Total current assets > Total current liabilities,

E. In the process of settling the PN17 issues.

On 2 May 2024, Bursa Securities granted an extension of time of six (6) months up to 31 October 2024 to submit its regularisation plan to the relevant regulatory authorities. The Group is in the process of formulating the Proposed Regularisation Plan for submission.

The Group is of the opinion that the Proposed Regularisation Plan once formulated and implemented after obtaining the approval from relevant authorities, will enable the Group to generate sufficient cash flows to meet its obligations and continue sustainable and viable operations.

THE FINDINGS:

1. NTA 19 sen (up from 18 sen @ last QR4 2023.)
2. NOSH 844.92 mil.

3. EQUITY
Share Capital RM 84,495,000
Reserves / accumulated profit RM 74,252,000
Shareholders’s equity RM 158,747,000
Non-Controlling Interest (RM 331,000)
TOTAL EQUITY RM 158,416,000

4. Cash and Cash Equivalent:
Cash and bank balances RM 3,068,000

5. Assets:
Current Assets RM 325,653,000
Non-current Assets RM 430,359,000
TOTAL ASSETS RM 756,012,000

6. Liabilities:
Current Liabilities RM 207,602,000
Non-current liabilities RM 389,994,000
TOTAL LIABILITIES RM 597,596,000

7. QR1 2024 results :
- Revenue RM 7,321,000
- Gross profit RM 4,445,000
- Net profit RM 4,070,000


Note 1

The Group’s revenue of RM7.3 million for the current quarter ended 31 March 2024 was lower than the
revenue of RM9.7 million registered in the same quarter of Financial Year (“FY’) 2023 by RM2.4 million. The lower revenue is principally due to reduced revenue from local projects.

The Group reported a profit before zakat and taxation (“PBZT”) of RM4.8 million in the current quarter under review compared to a PBZT of RM2.3 million in the corresponding quarter of FY2023. The improved performance is mainly due to lower interest expenses of RM6.2 million (Quarter 1 FY2023: RM 7.1 million) and higher unrealised foreign exchange gain of RM3.7 million (Quarter 1 FY2023 : RM 1.2 million).

Note 2

In the current quarter ended 31 March 2024, the Group reported higher revenue of RM7.3 million compared to the preceding quarter revenue of RM4.2 million. The higher revenue of RM3.1 million for the current quarter is principally due to higher revenue from local projects.

In the current quarter ended 31 March 2024, the Group reported lower profit before taxation of RM4.8 million compared to the preceding quarter profit before taxation of RM48.7 million. Included in the preceding quarter results is the reversal of accrued bank borrowings interest of RM55.1 million arising from the rescheduling agreement dated 15th December 2023.

Note: Prospects

The Group is in the process of resolving the ongoing PN17 issues. The Group is continuously looking for projects/contracts via tendering and is cautiously optimistic of the future prospects of the Group.

The Group is in the midst of evaluating and formulating its proposed regularisation plan to streamline its financial conditions and improve the Group’s performance.

1 month ago

LY Hoh

The latest QR also profit, why the shares price no any surprise?

1 month ago

MZM2511

Stabilising @ 5.5 - 6.5 sen...
Be patience... The time will come...

1 month ago

LY Hoh

Today finally Zelan started got movement....please continue as last QR on 29th May 2024 also very good. Move out from PN17 soon....

1 month ago

somchik

Good footing from .065

3 weeks ago

somchik

Retaining the formation for train to north

3 weeks ago

HamsterInvestor

when leave pn17

2 weeks ago

LY Hoh

I need to know too... anyone got infor for this?

2 weeks ago

MZM2511

I am glad to digest this reports. Tayor.

......On 2 May 2024, Bursa Securities granted an extension of time of six (6) months up to 31 October 2024 to submit its regularisation plan to the relevant regulatory authorities. The Group is in the process of formulating the Proposed Regularisation Plan for submission.

----The Group is in the midst of evaluating and formulating its proposed regularisation plan to streamline its financial conditions and improve the Group’s performance.

2 weeks ago

MZM2511

Personally, I think my targetd timeframe is before 31 Oct 2024. Tayor

Have to be a midterm bilis investor here.....
Be patience for those who can... He He He

2 weeks ago

LY Hoh

Thank you for your sharing.

2 weeks ago

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