Kenie, what is iium project cost?? what is expected recurring yearly income from iium concession?? What is suke project value , when is the completion? What is drawbridge project value, when is the completion?
Vxpoison, lu barking Ipoh city council will look for you, if you mummy shark , we can have free shark fin ......both way also dead road... ha ha ha . By the way how is yr Cuscapi qualified opinion? Not like Kenie, ppl at ARBB forum ask him to read more news paper and lazy to reply him..
Asia88 , since you don’t buy share and just want to reduce ppl being con, 2 counter you may interested: metronic -charles pang is there and netx- a lot of con men...
Seems that there s a lot of naysayers in this group. It seems their objective is to push the price down in order to buy in. Some of us have already bought in at much lower prices. July is the month of reckoning in terms of the arbitration announcement. I don't see Zelan losing their pants, at the most a lower quantum. Zelan s misery hinged on this for donkey years now. Inland revenue awarded 20 mil to mmc in overtaxation, somewhat a political blessing to Zelan s main share holder. Construction industry is picking up this past 2 months I would say and expected a full recovery mid next year. All this augurs well for Zelan. Expect a windfall with the arbitration announcement. INSTEAD of arguing just wait for a month. Time will tell.
KUALA LUMPUR (July 12): An international tribunal has sided with Dongfang Electric Corp in a US$1.15 million suit filed by the company against Zelan Bhd.
In a filing today, Zelan said an arbitral tribunal in the Singapore International Arbitration Centre has ruled that its wholly-owned unit, Zelan Holdings (M) Sdn Bhd (ZHSB), must pay Dongfang US$1.15 million (RM4.73 million) with 4.77% interest per annum, from July 3, 2018 until the date of payment.
Furthermore, ZHSB was also instructed to pay Dongfang late payment interest of US$122,946 (RM505,675) for the period from Nov 19, 2015 to July 2, 2018.
ZHSB was also instructed to pay Dongfang’s legal costs and expenses incurred in the arbitration totalling S$103,000 (RM311,430), as well as the arbitration cost of S$64,891.35 (around RM196,205).
In total, Zelan will have to fork out RM5.74 million in respect of the Dongfang arbitration.
The notice of arbitration arose in respect of disputes and differences arising from a 2014 agreement between ZHSB and Dongfang.
According to Zelan’s website, the group was participating in the power plant project, located in Rembang, Central Java, via a 70%-owned consortium that was awarded a US$560 million engineering, procurement, construction and commissioning contract.
In 2007, Zelan had announced that it had awarded a RM770 million contract to Dongfang for the supply of boilers, turbines and generators to the Rembang project.
Shares of Zelan closed unchanged at 7.5 sen today, giving it a market capitalisation of RM63.37 million.
Commensense has trigger me a thinking-(thanks) , if lost arbitration what is the scenario but what is the scenerio if won arbitration: total receivable balance due is 181 mil , Drawbridge project completed in 5 year (june’19) , value 248 mil , assume balance payment 50 mil, Suke project complete in 3 year (sept’19) ,value 257 mil, assume balance payment 85 mil. iium projected 2019 income is 78 mil . Total 2019 revenue is 394 mil.assume 2019 admin expenses and finance cost is 64 mil. profit is 330 mil. 2018 borrowing is 540 mil , iium project cost is 359 mil , 540-359 =181 mil, profit =330 -181 = 149 mil . If arbitration lost scenerio: total 2019 revenue is 394-181= 213 mil, profit = 213-64=149 mil. ( no allocation to reduce borrowing yet and arbitration penalty amount). Just a assumptions calculation.
Vxpoison.. blk torn blk torn blk torn , taught u kena torn in genting, some more torn in cuscapi, any way thanks for the goreng kaw kaw baby shark.... em . yummy...
Ha ha vxpoison lost in genting until cannot calculate , no good in calculation sure lost one , lobster kapit u ??? Lobster goreng kaw kaw baby shark, kesian.. kesian . Go to cuscapi and do yr research pn17 soon...take care
Ha ha vxpoison 36 barking again, still cannot give 2 of yr holding shares and barking ard... envy ke I said all 4 shares I discussed with commonsense in mbmr all gain now ; u lost in genting, still cry no time to tell....
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mike Chong
320 posts
Posted by Mike Chong > 2019-07-01 12:46 | Report Abuse
Wah, why today volume increase lo.....