....i sold my 1.6mil lots last year due to all those negative things...n just to share to the rest some of the info that i come across as such all are on alert....dont just simply buy wthout doing yr own home work and assess risk on yr investment especially when potential major economic uncertainty in all over the place due to such as potential currency war, trade war etc ....

Trump triggedrecession.....???
Cut n pace from sosial media
《《《《 It works!!! Uber CEO Travis Kalanick resigns abruptly from Trump's Business Council as millions of Americans in less than a week deleted the apps and stop using Uber services which brought it down to its knees.

Let us do our humble part and see if Trump's Administration continues with their arrogance...

This is a message which I for one will certainly pass on to everyone and I do hope that everyone here will do the same:

*Translation of a viral post circulating in English/Spanish/Dutch/Chinese/Thai/Arabic/Indian on social media:*

*So you voted to build a wall... well my dear North Americans, although you don’t understand much about geography it’s important that before you lay the first brick you understand what you are leaving outside that wall.*

*On the outside there are 7 billion people - but since you don’t know much about those people, we will call them consumers. There are 7 billion consumers willing to replace the iPhone with Samsung or Huawei. They can replace Levi’s with Zara or Massimo Duti. We can stop buying Ford or Chevrolet because we also like Toyota and Volvo, and Renault and BMW. Those 7 billion can also stop subscribing to Directv and we wouldn’t like it, but we can stop watching Hollywood movies. Although it seems incredible, we don’t have to go to Disney: there are other destinations in South America, Asia and Europe. And believe it or not, there are better burgers than McDonalds. We know there is Adidas and not just Nike. We know much more than you think; We know for example that if those 7 billion consumers do not buy your products, there will be unemployment and your economy - inside the wall - will collapse to the point where we will be asked to come knock it down.*

*We didn't want to, but... you wanted a wall, you're going to get a wall.*

*Cordially,*
*The rest of the world.*

_*Please resend this at least 12 times so somehow it reaches the deceived American people*_

(copy/paste or forward and consider yourselves reached)》》》》

..start moving....

MMC, zelan big sister...wth 2008 trouble...http://www.thestar.com.my/business/business-news/2017/02/02/mmc-gamuda-jv-to-pay-rm109m-to-settle-2008-dispute/

...so far the weekly chart stay bullish if continue to do so in feb potentially bpuri would move up may be some where in march...?!

under covered/hiden damages on s.moktar business and companies now start to surface one by one and seam getting biger and biger...started with mena holding in 2012?? and now for the 2nd time and getting worst next malakoff with the tanjung bin power generation rm700+million problem etc...and soon once global mkt turn bearish potentially in 2018 by trump trigged global recession, the whole thing will crumble..so be careful once the liqudity run dry mega turbulance will ruoil the whole thing like in 1990s....

if not mistaken previously Zelan was known as bskl listed Tronoh the tin mining company..??

well it up to you to make a judgment, it happen that few weeks ago I went to the place near to GITT proposed site to have lunch but the place is closing down due to GITT and MRR2 construction....anyway if zelan is doing well then those 2 projects should be in last quarter report and any good reason for sudden resignation of COO,CFO and MD without replacement until today....what i can think of may be the annual reporting is coming and due by March 2017 and likely going to be bad and poor reporting...or if no reporting by then zelan could be put under PN17???

anyway not to worry on zelan let forget about it an move on, there is so much more opportunity to invest in BSKL...MRCB, GAMUDA, SKPETRO, UEMS etc.... but in my opinion stay away for anything to do with S.Moktar such as MMC, MALAKOFF, ZELAN and potential MMCPORT IPO...due to alot of uncertainty..such project cancelled, delayed, etc e.g one of the hotel along Jalan Sultan Ismail in Bukit Bintang area that suppose to be built and owned by MMC was cancelled due to funding problem... others MMC-SUMITOMO JV..?

Bispelund,
try this... and the recent quarter and last annual report may help to answer some of yours
http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=2283

i go no school maaa, grammer sure kaput one..kikiki

Marcus,
TQ for the inside info...yes u are right GITT is in progress wth out zelan... shop owner over the area has received government letter to move out for MRR2 expansion and GITT construction...

...the way zelan is look more or less like talam (fail property developer)...eventualy loss property develepoment licence but still trading in bskl for some time and now gone dead delisted...

...wth current condation no bank will lend money to zelan to do new project and with current zelan shaky financial status and current projects track record no one will award any contrect to zelan...except mmc or malakoff "the zelan big sisters" would award their internal project as sub con job...

....to me very big quistion why sudently all the management big boss left zelan if it is in good shape...and if u read carefully the annual and recent qtr report it very glaring problem with mena holding which owe zelan project done approved payment of approx. Rm136mil since late 2014...and now already end of 2016...so as i posted earlier zelan has been conned by the mena holding since 2014...and ran out of cash now...

...next qtr report cum annual report will show zelan true colour...

Yes Marcus tqvm for all the inside info...and stay away from any s.moktar listed cos...e.g mmc have been awarded rm15bil lrt prjk, pdp etc but til today nothing happen infect has been side way since 2009...even thaji is selling mmc same thing to malakoff...malakoff story line during ipo was to 85% return profit to investors and seem every thing was ok but suddently after ipo tanjung bin power station start to show big problem and sueing "zelan/somitomo"(contrector constructing tjg bin) rm700mil ...those are just tip of iceburg likely alot more hidden bom ...and wth s.moktar debt estimated rm35 bil and ringgit at near all time low...my opinion smoktar group is heading to big mega uncertainty starting wth zelan...my opinion stay away from smoktar cos cause likely alot more hidden bom yet to come to surface..e.g once smoktar debt implode the rest considered history...

Megan,
as per my post earlier, the lawyer will make most money out of zelan and looking at the malakoff ipo story line and what happen to it now also MMC legal battle just like zelan... my opinion stay away form s.moktar listed companies and planned 2017 MMC port ipo....

....and all s.moktar counters....

Megan,
I got out early this week...

...my view once the listing status become shaky by march 2017, the big boy with deep pocket like s.moktar would make do or die offer to get zelan at fire sale price...that the kind of big boys game play...like the port asset, malakoff buy in private put all screw abd spana in than relisting wth big bang make money..same game done before to maxis, astro, etc take private and relisting i.e use public money to grow the company and let the share price real cheap and die vs asset value...take private stripe all the value...make new story for relisting and make money....so cateful guys and good luck...

careful guys...considering the impact on zelan annual report preparation due by march 2017 without cfo, coo and MD..if the report is not ready by then what will happen to zelan listing status....!!!

.....i am not sure if project delay in msia is a norm...but what i know even lrt sg buluh kajang was delayed by 9 months just recently completed...may be in construction industry delay 6 to 9 months is accetable subject to labour avilability, material etc.....

the way i look on the RM144mil (rm8mil X 18months)from SUKE likely to be used serving loan created related to mena holding arbitration for next 18 months while waiting for the final judgment,,,

Marcus,
TQVM for the critical up date...so zelan still make money RM144mil (8 X 18)from SUKE...

so after VSS and all,any clue what is zelan way forward...delisting ??

..from annnual 2015 report page 93 shows that the uae projet owes zelan rm136mil (under recivable) some from 2014...excluding the current abtration totaling rm230mil?....suggest that zelan has been fooled and free ride by this mena project owner....non the less zelan still potentially have at least rm136mil money to recover ......and page 89 to 91 show that zelan do have several company/projects?! including konsesi pusat asasi gambang sdn bhd which is the oprator of iium gambang campus ...so with that technically zelan do have alot of money yet to be collected...but short of real cash for disposal...so i dont think bankrupt is yet the right word for zelan for next 2years until abtration process is over and all mean of collecting money ended........good luck all hope for the best....

.....i dont think so, just hicup due to poor project n financial management...?!....hope streaming income from iium gambang coming soon..

seam they all left before mid Dec EGM meeting as posted by Marcus earlier...??

Marcus,
TQ, yes as per your earlier posting another big fish left...
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5283705

...so what next...??hope this the closing of down trend news and then followed by good up trend news...

...as posted above alot new projects to be awarded in 2017....hoping zelan will get part of it...

..and also not including bandar malaysia project which plan project deployment of rm50bil in 2017...

...but looking overall at zelan such as asset, old project performance history, etc, it still a healty company but lack of jobs.....hopefully the rescuer will come ASAP with multi RM blion projects....as for 2017 at least around rm30bil new jobs to be awarded excluding rm55bil 600km railroad to east cost...

...or the workers now have more faith with zelan after coo and cfo step out the company.....!!...

...if none means the workers still have faith with zelan and if alot of workers are starting packing their begs leaving zelan that bad indication...

Marcus,
Is alot of zelan workers resigning following the coo and cfo steps....?

recent example of service co...of different segment... http://www.theedgemarkets.com/my/article/uem-edgenta-expects-uems-contribute-its-revenue-january?type=Corporate

...the zelab back mountain. ...http://www.theedgemarkets.com/my/article/emir-mavani-now-syed-mokhtar

.....and their workers now packing off and leaving the company....following coo step on 7sept and cf step on 30nov

.....or zelan is at the dead end of the road....going for lequidation...

Marcus,
Tq for sharing....with all the inside true stories revealed so any clue of zelan way forward from your source that you could share ....

IDR72mil colected in 3rd qtr 2015 as mantion in comparison section between 2016 3rd qtr vs 2015 3rd qtr in 2016 3rd qtr report. Also mantion in 2016 3rd qtr report that zelan has enough money to maintain it business opertation for next 12 months..

Megan as yr posted GITT is gone case, sold back to landasan kapital....the problem wth that is related to bumi land title which pending for same time on conversion to public title...the rest related to the same story line is promise apointment related to maintanance of mrr2 which some how zelan manage to get part of suke.....that why my speculation earlier which inline wth the idea from last agm sugesting that zelan is gearing to be service & maintanance base company and going away from the construction and property...may be that why zelan is just finishing the remainance of the current construction jobs and selling off the new suke construction job..

..based on current and new highways and lrt mrt etc, look like the future in this service & maintanance bizz is big and good...

...and my best guess service and maintanance is lecurative bizz low capital investment and providing good streaming income...just imegine if plus just sub con all their high maintanance to zelan sure the share price will fly through the roof and some party may make money for pru14....kikiki

related to the share price now it goes down almost to par value of 10cent (nav 21cent)....so still ok....

...as per Marcus posting related to board n sepecial egm meetings ??....my guess they want to firm up on the company new direction by getting first with board approval than later by share holder approval...and good luck

....anyway take my speculation abovr by a grain of salt.....and honestly those are just my interpration n speculation on the postings by you and Marcus, nothing to do wth external info etc...

....and gross culculation iium including service and maintanance will contribute just about rm64mil per annum for next 23 years...look marginal

...2016 3rd qtr report on page 10 did mantion iium nearing complation one of the reason less revenue for last qtr...

may be this one also to be sold sooner or later...
http://www.zelan.com/our-business/engineering-construction/building-construction/center-of-foundation-study-iium/

worst still capital reduction to pay zelan mountain of debt...

Megan,
TQ for sharing..so now left with IIUM..the suke also to be sold...the only hope the several recent jobs bidding of around rm4bil strike some if not all...

as per last agm it was indicated that zelan is growing new bizz on maintenance ans service ...

this IIUM campus project is probably crown jewel for zelan cause it will provide total turnover(streaming income) more than RM1 billion for next 23 years...

supposely the same thing for GITT for next 25 years if it really become reality but according to Marcus is it already sold to the co-owner of the project..for how much ? nobody knows...no announcement no nothing...

the pre-U IIUM students has been studying there in gambang campus since 2014 so just wander if it yet to be accepted by IIUM..??..it could be the case what is called salience/grace period where by the whole complex to be checked and certified before final official delivery...and the beginning of maintenance and servicing stage...like when you buy a new house once you sign off and collect the key you have 3 months to 6 months grace period to make complain for any rectification

...to bad now is time for construction sector to top up their book order but zelan is going no where..

as per last agm zelan went into several local project bids approx. of rm4bil value...hope this will helps...

infect the story line of GITT project started back in 2010 awarded in 2012 and then awarded for 2nd time in late 2015 and in between just wounder what really happen and until now no news and up date what really happen to the project...so is this type of bskl world class wawasan 2020..????