a real bumi construction company good prospect with highway toll, supply base for oil

be catalyst for IGBB ?

Mid Valley Southkey Mall Johor opened business in April 2019. Will this

seems something brewing, even report quarterly loss, share price still holding firm

financial report bomb coming

90 million owing by Saudi Arabia customer which expected to receive in December 2018 still far far away.

what if this month final quarter result is a bomb??

Azrb is one of the contractor for bbcc

bbcc by Eco world happened incident, building collapsed.

government cut Gamuda MRT 2 price. Gamuda cut those contractor under them. would u dare to assume no impact on Azrb at all?

rupiah loss further. oil palm price drop break record. quarterly result sure GG.

drop so much, is it poor result bomb coming, insider running?

& 2017 also about Rm120 million. Take note Duke is in KL City. Ekve is out of KL City, conservative apply 30 discount, then Ekve just make Rm80 million per year. Now, do your math. We haven't count the operating cost n maintenance cost!

Ekovest Duke highway toll revenue for 2016

Ekovest Duke highway toll revenue for 2016

Let's do simple math. Azrb issued Rm1 billion sukuk and borrow. Rm635 million for Ekve. Assumed 5% interest rate, one year interest would be about Rm80 million. I also assumed the total cost to build Ekve equal the loan Rm1.635 billion. 50 years concession. Yearly depreciation Rm30 million.

Don't put high hope on ekve toll. It's not guarantee profit making. Mrcb wanted to sell it's Eastern dispersal link which incurred losses, mrcb had to inject capital to repay loan. Silk holdings berhad 's Kajang Silk highway also posted losses for years.

just before ge14, azrb borrow Rm100 million for tok bali supply base

azrb invested a huge sum in kelantan tok bali supply base largely because it know ecrl would be built and enhance the value of tok bali supply base. now ecrl is cancel, difficult for azrb to recover the investment cost.