ZELAN BHD
KLSE (MYR): ZELAN (2283)
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Last Price
0.045
Today's Change
0.00 (0.00%)
Day's Change
0.00 - 0.00
Trading Volume
0
Overview
Market Cap
38 Million
NOSH
845 Million
Avg Volume (4 weeks)
1,380,833
4 Weeks Range
0.035 - 0.06
4 Weeks Price Volatility (%)
75.00%
52 Weeks Range
0.035 - 0.09
52 Weeks Price Volatility (%)
50.00%
Previous Close
0.045
Open
0.00
Bid
0.04 x 2,180,400
Ask
0.045 x 1,876,200
Day's Range
0.00 - 0.00
Trading Volume
0
Financial Highlight
Latest Quarter | Ann. Date
30-Jun-2024 [#2] | 27-Aug-2024
Next QR | Est. Ann. Date
30-Sep-2024 | 20-Nov-2024
T4Q P/E | EY
0.70 | 142.02%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
0.19 | 0.24
T4Q NP Margin | ROE
144.63% | 33.64%
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 7,151 comments
Resolve the PN17 issue, and I think it could be pushed to the higher price...
2024-04-11 18:34
Anyone know the status of PN17? It will possible make announcement on coming meeting 11/6/2024?
2024-04-30 09:27
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...
2024-04-30 20:12
Peram dulu. Holding it tightly. Add more if the price drop to 5 sen and below.
2024-05-20 23:30
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.
2024-05-22 15:32
@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.
2024-05-22 20:36
The incoming QR1 2024 at the end of this month... Hope will see a good results...
2024-05-24 20:22
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.
2024-05-29 21:22
Today finally Zelan started got movement....please continue as last QR on 29th May 2024 also very good. Move out from PN17 soon....
2024-06-10 11:46
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.
2024-06-28 15:27
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
2024-06-28 15:31
Zelan have an incoming receivable of RM 241.76 M followiing a court award overseas!! What happened to the durian runtuh 😁
2024-07-16 11:45
(b) Trade receivables
The efforts towards the recovery of the awarded sum of RM252.8 million are still ongoing. The Group is still pursuing the recovery action and working closely with the solicitors in Abu Dhabi, United Arab Emirates to recover the awarded sum.
Source: https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3460497
2024-07-16 17:05
Hope coming days Zelan got good news about PN17 as previous few QR majorities showed good.
2 months ago
The new CEO came in because of relationship " u help me then i help u" or because his outstanding performance? If capable person, from where also can. Hope came in because of capability....
2 months ago
Base on my BRIEF study on the QR2 2024 of Zelan:
Summary:
The company
A: Revenue, profitability and NTA.
Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
11,651K 1,698K 927K 0.11sen 19sen Down 77% Down 94%
B: Sitting on positive reserve of RM 76,024,000.
C: Recorded net profit for FIVE quarters of the last SIX latest quarters.
D: Not a cash rich company.
E: Total assets > Total liabilities, Total current assets > Total current liabilities,
F: 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 FINDINGS:
1. NTA 19 sen
2. NOSH 844.92 mil.
3. EQUITY
Share Capital RM 84,495,000
Reserves / accumulated profit RM 76,024,000
Shareholders’s equity RM 160,519,000
Non-Controlling Interest (RM 331,000)
TOTAL EQUITY RM 160,188,000
4. Cash and Cash Equivalent:
Cash and bank balances RM 2,923,000
5. Assets:
Current Assets RM 331,461,000
Non-current Assets RM 421,665,000
TOTAL ASSETS RM 753,126,000
6. Liabilities:
Current Liabilities RM 212,256,000
Non-current liabilities RM 380,682,000
TOTAL LIABILITIES RM 592,938,000
7. QR2 2024 results :
- Revenue RM 11,651,000
- Gross profit RM 5,628,000
- Net profit RM 927,000
Note 1
The Group’s revenue of RM11.7 million for the current quarter ended 30 June 2024 was higher than the
revenue of RM8.2 million registered in the same quarter of Financial Year 2023 (“FY 2023”) by RM3.5 million. The higher revenue is mainly due to the increase in revenue from local projects.
The Group reported a PBZT of RM1.7 million in the current quarter under review compared to a PBZT of
RM17.1 million in the corresponding quarter of FY2023. The decrease in PBZT is mainly due to the unrealised foreign exchange loss of RM0.9 million as compared to the unrealised foreign exchange gain of RM9.2 million in the same quarter of FY2023. In addition, the higher PBZT in the same quarter of FY2023, was contributed by a recovery of a counterclaim against a sub-contractor amounting to RM6.9 million.
Note 2
In the current quarter ended 30 June 2024, the Group reported higher revenue of RM11.7 million compared to the preceding quarter revenue of RM7.3 million. The higher revenue of RM4.4 million for the current quarter is principally due to higher revenue from local projects.
In the current quarter ended 30 June 2024, the Group reported lower profit before taxation of RM1.7 million compared to the preceding quarter profit before taxation of RM4.8 million due to the unrealised foreign exchange loss of RM0.9 million as compared to the unrealised foreign exchange gain of RM3.7 million in the first quarter of FY2024.
Note: Prospects
The Group is actively addressing the ongoing PN17 issues and is currently looking into and developing a proposed regularisation plan to improve its financial conditions and performance. To assist with this, the Group has engaged an advisor to give professional advice and assistance during its restructuring initiatives.
In the meantime, the Group remains cautious, committed to improve operational efficiencies and enhancing profitability. Despite these challenges, the Group remains positive about its future opportunities.
1 month ago
With the extension of time granted by Bursa Securities until 31 October 2024, the Company has approximately two (2) months to submit its regularisation plan to Bursa Securities for approval to implement the same.
The Company will make the necessary announcement(s) regarding the development of the proposed regularisation plan accordingly.
1 month ago
As at 2 April 2024, MMC Corp is a single substantial shareholder @ Zelan:
MMC CORPORATION BERHAD with 331,580,079 shareholding (39.244 %)
1 month ago
PETALING JAYA: PN-17 company Zelan Bhd has appointed Mohd Ariff Abd Samat, 42, as its chief executive officer (CEO), after terminating the contract of its previous CEO, Hazimi Baharum, in June last year.
In a filing with Bursa Malaysia, Zelan said Mohd Ariff was group chief operating officer at Sarawak Consolidated Industries Bhd until July 2023, prior to joining Zelan.
“Mohd Ariff has over 18 years in key positions of internal audit, accounts and reporting and business planning and budgeting in the oil and energy industry during his tenure with PETRONAS, UMW Corp Sdn Bhd, Boustead Petroleum Marketing Sdn Bhd and KPMG Malaysia.”
Zelan was categorised as a PN17 company in May last year after its external auditor Nexia SSY PLT expressed a disclaimer of opinion on its audited financial statements for the financial year ended Dec 31, 2022.
-------------
Note:
With the extension of time granted by Bursa Securities until 31 October 2024, the Company has approximately one month to submit its regularisation plan to Bursa Securities for approval to implement the same.
### Hoping for a good news from the management/insiders. TAYOR
4 weeks ago
Just hold another 2 more weeks, the previous already continue 6 times green QR. Sell also rugi, just wait and see....
1 week ago
On behalf of the Company, Kenanga Investment Bank Berhad wishes to announce that an application for a further extension of time of 9 months up to 31 July 2025 to submit a regularisation plan to Bursa Securities has been submitted to Bursa Securities on 25 October 2024.
6 hours ago
--- (b) Trade receivables
The efforts towards the recovery of the awarded sum of RM252.8 million are still ongoing. The Group is still pursuing the recovery action and working closely with the solicitors and other relevant authorities both in Abu Dhabi, United Arab Emirates and Malaysia to assist on the recovery of the awarded sum.
---------
Are they delaying for this reason????
Buy for more time... in order to make this recovery action successfull.
I think if this recovery action can successfully done, the problem will be solved.
3 hours ago
If not, they have to pick other fund raising exercises such as RI or ESOS in order to solve a capital deficiency of RM100 mil. TAYOR
3 hours ago
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2024-03-25 08:47