What is your forecast EPS for 2014? How much PE would you give AZRB?
say AZRB will earn 3.5 cents/share for FY 2014. How much PE will u give AZRB?

matakuda, maybe good opportunity to buy MBSB for PE rerating prior to CIMB/RHB/MBSB restructuring???

anbz, Look at the bright side. From a long term perspective China and India economies will grow and will pull up ASEAN economies as well. As big and small economies grow demand for commodities such as palm oil & timber/plywood will also grow.

It is good opportunity to collect slowly this stock as the earnings surge will come in medium term say 2015 and beyond. Come post 2015, All those naysayers who are negative and did not buy this stock or sell out this stock will most likely say "How I wish I had bought or kept this stock in 2014!" By that time, the JTIASA boat had already sailed off!!

Is Selangor now Khalid's govt or Selangor govt now has a lame duck Mentri Besar? Politics is the art of the impossible plus art of the possible whichever situation requires it.

Future rights means future dilution in EPS!!! If cannot get more new projects to compensate for EPS dilution, share price will go down further!!!

AZRB has to pay interest on BONDS issued. That means cash outflow. Traffic in the first few years of EKVE will not be good. So EKVE net net will incur recurring losses for first few years. So EKVE will be a liability from the Net Profits and Cash Flow generation point of view for the first few years.

Nordimohd, Just look at the BIG PICTURE.With the recent rights cum warrants exercise over, AZRB will have to at least double their project value intake just to maintain same EPS.

Just monitor new total project intake!!

fortunebullz, EKVE will be a liability in the first couple of years but the transformation of EKVE into asset that gives recurring profits will take quite a while!! So EKVE will be a liability FIRST COUPLE OF YEARS OR MAYBE LONGER and slowly turn into asset as future development will take long time! So I will invest heavy in instacom now and once the BIG profits are realized , I can come back n maybe look into AZRB later. If AZRB still not performing then, there will be other future fundamental stocks!!

fortunebullz, Yes spend 0.5 Billion to get recurring income but also spend 1.55 Billion on EKVE to get recurring loss. Will that be still positive or negative? My take is the positive will be overwhelmed by the negatives for a good number of years.

So r u going to invest some more in AZRB or think otherwise and go for instacom instead?? I am going for instacom as it is a very undervalued blue chip company that makes BIG $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Nordimohd, Yes it look very hazy for 2013 performance as this gives a paltry EPS of only 2 cents/share for FY 2013 performance. With the recent corporate exercise of 6 rights + 3 warrants for every 8 AZRB shares, the revised EPS for 2013 is only 1.143 cents/share( I assume zero warrants conversion)

Current share price= 72 cents
PE= 63.

Is the price of 72 cents in the money or out of money?

DocDream, There is very little downside at your buy in average prices but there will be TREMENDOUS UPSIDE once instacom price trend up. I had sold off just before ex date last year and I too had collected during the past 2 months and this is my major investment. This is a GEM and UNDERVALUED BLUE CHIP!!

Ah Moi, You can go ahead to think some more and take all the time you will need. You still have time to think some more on AZRB.

It is very clear to me that AZRB does not have any major recurring income for FY 2014 and FY 2015. Forecast YR 2014 results is very uninspiring. As such AZRB current market price had run ahead of its fundamentals.

The EKVE highway when completed will most likely incur RECURRING LOSS FOR A GOOD NUMBER OF YEARS JUST LIKE THE SILK HIGHWAY. Hence the need for 50 years concession. The likely recurring loss in future years will be a drain on its future cashflow and a dampener on its future profits and EPS. Moreover there wont be that much BIG PROJECTS that AZRB can secure in the future years once the major infrastructure projects had been awarded and had been executed.

Top management knows this and that is the main reason it bought the plantation biz in Indonesia and ventured into Saudi Arabia ( and got into severe problems with the Saudis). AZRB consequently faced severe cash flow problems and that necessitate the recent corporate exercise to get new cash inflow into the company. Indonesia plantation is still a drag on its earnings.

However the EKVE toll highway may incur recurring loss much longer than forecasted but most i3 investors here are very optimistic that the EKVE highway can make money from day one.

That's why research house is calling for a HOLD and this means SELL!!

nordimohd,
Not much earnings kicker for AZRB in FY 2014 and FY 2015. Very hazy, No hurry.

Better go for Guocoland as I had already entered yesterday at good price! Now in the money just after few hours after investing yesterday!!!

Ah Moi, Does your silence indicate that u too do not see any major recurring income for AZRB in FY 2014 and FY 2015 ?

asoh,
Airstrikes had already begun U.S. warplanes and US drones carry out a second round of strikes on Sunni Islamic extremists in Iraq, as ISIS fighters are reported to be close to Irbil.

Expect more escalation of tensions in Middle East as ISIS has its own mindset and focused goal to overthrow all current ME regimes and to create an Islamic State in the whole Arabian land.

Ah Moi, I am looking at FY 2014 and Y 2015. Not beyond. I do not see any major recurring income, do u? If you do, please advise. Thanks.

Don't need 2 days, just tell now as I had already done so.

Short term investors will rejoice whereas long term investors will cry out loud. Whatever it is, when you invest in MAS you are well aware of the risks of investment and must take full responsibility and be accountable for the result of your investment.

Don't blame MAS if your investment go sour. Blame yourself, take responsibility and be accountable for your investment decision to invest in MAS whether you make profit or loss..

AZRB is still a construction company without a major recurring income. It had clearly demonstrated execution risks in the past and the EPS for 2013 is nothing to shout aloud. The recent corporate exercise of capital reduction cum rights etc will DILUTE FUTURE EPS.

Yes there is BIG POTENTIAL projects for AZRB but the flipside is it can also become a BIG LIABILITY. WHY?

-Oil pam biz may continue to bleed. Does AZRN employ experienced and competent plantation managers running the 18,500 acres. Frankly 18,500 is relatively small. If u want to buy AZRB for planation biz, better buy a focused plantation company that sells palm oil and timber as plantation coy prices had corrected a fair bit and may even correct further. So where does this give to AZRB? More losses?

- BIG Construction Projects does not guarantee BIG profits. It can even give BIG losses. The 1.55 Billion EKVE and the Greater KL MRT 1.7 Billion project construction margins may possibly disappoint as interest rate , material cost, labor costs may possibly be be much higher in the next couple of years.

-Good likelihood of EKVE highway making losses in the initial years just like SILK HIGHWAY. Just ask yourself...Why 50 years TOLL concession period if toll collection biz is very good?

- How much margins can it earn from other construction projects? 5%, lower or slightly higher?

-Does AZRB have major recurring income? Unfortunately the answer is no but supporters would quickly say that EKVE will give good TOLL profits from the day the EKVE toll highway is completed. I very much doubt so as the 50 years concession period is indicating that profits may be slow to come around.

In view of the above, it is difficult to justify higher PE multiple for AZRB unless it can really prove otherwise in the coming quarters. I welcome any forumers who staunchly support AZRB to come forward to share their point of views

Why is Tower Reit better than Property Reit? Reason is simple. In Property reit, u get Fixed rental $ per square foot from only one customer whereas with Tower reit, u can get more rental $$$$$ per square foot from more than one Mobile phone company by stacking customer equipment at different levels but using the same tower!!

In summary:

Property reit- Fixed rental $ per square foot from ONLY one customer
Tower reit- Multiple rentals $$$$$$ from multiple customers per Tower

Mobile phone companies would rather pay lower rentals to instacom for renting tower rather than build their own towers at higher cost which reduces their bottom line. Moreover mobile phone companies if they build towers have to employ maintenance and service personnel to upkeep the tower facilities. Mobile phone companies would rather concentrate on their mobile phone biz rather than having also to build, employ people to maintain tower....too much cost for each mobile phone operator.

Instacom by building tower can pass own cost savings to mobile phone operators and in return receive long term rental $$$$$$$$$$$$$$$$$$$$. This is WIN WIN business for both Instacom and Mobile phone companies

Instacom at 24 cents is a very undervalued blue chip company but very few are aware of instacom biz model which can really make BIG BUCKS $$$$$$$$$$$$$$$$$$$$$$$$$$$$$!!!

It is a very good opportunity to collect at these price levels for a company with strong fundamentals and the technicals are also showing signs of trend reversal soon.

Syed Abd Kadir Almushayakh,
USA may not go all out now but ISIL for sure is going all out. What do u think will most likely happen in the near future?

Syed Abd Kadir Almushayakh,
President Obama's aerial targets are against ISIL military personnel/military assets. ISIL had responded by saying that "It will raise the flag of Allah in the White House"

ISIL group's intention is to eliminate all modern borders between Islamic Middle Eastern countries. Currently ISIL had gained control of parts of Syria and Iraq. This is just the beginning.

If ISIL continue to grow in strength and gain further popular support, there will be more tensions, turmoil in the Middle East countries as it is very focused in its objective of eliminating all modern borders between Islamic Middle Eastern countries.

First priority is to save the minorities who r trapped without food nor water . So US Drop supplies first. Bombs will be dropped later.

nordimohd, patiently digging looking for real bargains and buying at deep end will give u the extra margin of safety besides making u feel safe and happy!!!

asoh, This is just a PR gimmick by President Obama. When the crunch comes and US interest in ME is really endangered, it will be a different President Obama talking.

fortunebullz, When it is way out of money around 80 cents, one should be selling like crazy!! When it is not so way out of money like this afternoon, maybe one should be buying a little bit...however if the bombs really start dropping and tension escalates, then one ought to be greedy when everyone is panicking!!!

SarifahSelinder, Kalau U get it,U sepatutnya bising sangat semoga Harga bang AZ terus naik melangit menuju ke Target Price!! Harga Bang AZ masih lembut setakat ni kerana U tak bising!!!

Guocoland went against trend, Market down but Guocoland UP!!! Will revisit AZRB again below 70 cents!!

Back to old price level before the recent price spurt!

MBSB PE multiple will be rerated higher upon restructuring.

AZRB no horror, only tortoise pace price down

Good time to collect!!

The correction just started today..do u think it will be a one day affair? Global stock market is already at all time high with the exception of China. If market corrects further, warrants will go down much more relative to mother stock as it is way out of money!!

Fortunebullz, I went in around 59 to 63 cents and cut out around 78 to 80 cents as it is way out of money!

It had happened before countless times in history .. history repeats itself!!

fortunebullz, There is always unintended consequence. The airstrikes though short term may drag on much longer than expected!!

If tension in Iraq escalate further , BIMB and its warrant may revisit its recent low or near about. Warrant at this price is out of money.

BIG BEAR got time to choose what to eat, When to eat, How much to eat ..hahahaha!

BIG BEAR first, maybe superbull come next after BIG BEAR is FULL after several good meals and goes into hibernation.

HAHAHAHAHAHA Condolences to Leno for wildly imagining EVIL & ILL INTENTIONED BETS and in so doing bad luck boomerang onto herself...AMEN...HAHAHAHAHAHA

HAHAHAHAHAHA..PMCORP between 18 cents to 22 cents...Good price range to buy this rubbish stock for a trade. Buy below 22 cents, sell at 25.5 cents. HAHAHAHAHAHA

President Obama's authorization of airstrikes in Iraq means global stock prices will correct further. Today is just the beginning. If you still have good margins, SELL!!!

I have CASH IN POCKET , Not CASH is PMCORP bank account..Price now is 23.5 cents...See u below 22 cents...HAHAHAHAHAHA

Two in one plantation stocks means Plantation stocks that sells Palm Oil + Timber

Good time to collect plantation stocks now.

I went in recently at 69 to 71 cents and sold off at 76 to 77 cents. AZRB is a low risk trading stock that does not warrant a long term hold at the moment. Guocoland will be a much better medium term hold as it will have explosive top and bottom line growth within the next 3 years.

good possibility it may revisit its recent lows about 69 to 71 cents.

nordimohd,
Thanks for the info. Based on the report, current price had run ahead of its fundamentals.