Posted by Johnchew > 2019-08-24 17:21 | Report Abuse

Beyond2288 is one of Kanger actors..

Posted by Johnchew > 2019-08-24 19:16 | Report Abuse

Zelan clear last obstacle won meena arbitration on 31/7/19 award abt rm 300 million .iium project recurring income abt 75 mil per year over 17 year effective dec 2018 . Kuala terengganu drawbridge completed on end june'19 project value rm 248 mil. Suke project rm 257 mil schedule to be completed on sept 2019. Zelan is MMC sister company .mmc boss is Tun godson

Posted by Johnchew > 2019-08-24 19:17 | Report Abuse

Zelan , 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( completed as shown in newspapers), Suke project complete in 3 year (sept’19) ,value 257 mil, assume balance payment 85 mil. iium projected 2019 income is 78 mil effective from Dec 2018 . 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.

Posted by Johnchew > 2019-08-24 19:19 | Report Abuse

Now arbitration won award RM 300 mil vs assumption calculation of RM 181 mil.

Posted by longvalley > 2019-08-24 21:20 | Report Abuse

Collected more n more n hold
....plus gd mgmnt relationship with PH GOV. under MMC plus Mahathir n Daim n....
Mmc in the growth future in port n ecrl ...
(Bumi contractor).......!

Posted by Johnchew > 2019-08-24 21:31 | Report Abuse

GITT billions project with multi years concession as IIUM which is cancelled relocate to Sembilan refer ecrl route changes will be a potential one

Posted by longvalley > 2019-08-25 08:17 | Report Abuse

Hopefully hv bright growth future
Lets waiting n seeing
Back to $ 0.40 first......

Posted by Boomerang2 > 2019-08-25 09:58 | Report Abuse

Multiyears concession will end up like Digistar.
What can minor shareholders get?


Be the first one to sell at 0.08 on Monday.

Posted by Boomerang2 > 2019-08-25 10:05 | Report Abuse

Multiyears concession will end up like Digistar. Busy paying high debt.
What can minor shareholders get?

Dj down 600 pts. Bad results.
The promoters ask you all to buy. They will be first one to sell.
Don't think twice, sell at 0.08 at 9am Monday morning.

Posted by Johnchew > 2019-08-25 10:10 | Report Abuse

Ho ho Boomerang2 run jump catch boomerang.. good it

Posted by Johnchew > 2019-08-25 10:12 | Report Abuse

Boomerang original behind bar ke until 28/8?? hehe

Posted by Moneykj1 > 2019-08-25 10:17 | Report Abuse

Boomerang u really cannot read or brain crashed, do yr research before comment.

Posted by Boomerang2 > 2019-08-25 10:25 | Report Abuse

Zelan main business is material litigation. Nta still at lowest 0.05. One step mistake, gone case.

Posted by Boomerang2 > 2019-08-25 10:32 | Report Abuse

Borrowings 431m. Cash 9m. Can pay back borrowings or not? PN17 soon.

Posted by Moneykj1 > 2019-08-25 10:53 | Report Abuse

Shame on me shame on boomerang, boomerang u can’t read the assumption calculation?? You no knowledge otak rumput, go back to kanger.

Posted by Moneykj1 > 2019-08-25 10:54 | Report Abuse

Sorry my anjin boomerang not obey me.

Posted by Boomerang2 > 2019-08-25 10:56 | Report Abuse

Assumption? Go and check Digistar. The case similar to Zelan.

Posted by Boomerang2 > 2019-08-25 11:03 | Report Abuse

Better go and check what is the scheduled loan repayment vs concession income. It's very tight. If no other income to support, the company will sell asset. With nta 0.05, what asset still can they sell? Sell johnchew butt la

Posted by Moneykj1 > 2019-08-25 11:33 | Report Abuse

Boomerang my anjin come get yr bones..

Posted by Boomerang2 > 2019-08-25 15:42 | Report Abuse

Multiyears concession will end up like Digistar. Busy paying high debt.
What can minor shareholders get?

Dj down 600 pts. Bad results.
The promoters ask you all to buy. They will be first one to sell.
Don't think twice, sell at 0.08 at 9am Monday morning.

Posted by Boomerang2 > 2019-08-25 15:47 | Report Abuse

Better go and check what is the scheduled loan repayment vs concession income. It's very tight. If no other income to support, the company will sell asset. With nta 0.05, what asset still can they sell? Sell johnchew butt la

Posted by Moneykj1 > 2019-08-25 17:53 | Report Abuse

Sorry tis an jing has been bar until 28/8 , it is worry kanger until so worry , stress n desperate ..boomerang night time no more bones..

Posted by Boomerang2 > 2019-08-25 18:37 | Report Abuse

431m debt. Nta only 0.05. Still want to cheat people to buy. Scary.

Posted by Abraham > 2019-08-25 20:12 | Report Abuse

Wat u talking about... U know how much is wct s debt.... 1.5 billion.... Its quite normal borrow to do business.... Tats why must look at gearing.... Do u know zelan s potential reccurable income?

Posted by Moneykj1 > 2019-08-25 21:17 | Report Abuse

Sorry boomerang sohai don’t know reading , it is my an jing. I teach it to read:
iium recurring yearly income is abt Rm 78 mil for 17 yrs. Zelan 2019 admin n finance cost rm64 mil ( 2018 is rm 58 mil) , more than enough .. plus rm 300 mil , plus drawbridge project plus suke project..

Posted by Johnchew > 2019-08-25 21:31 | Report Abuse

Zelan total long term n short term borrowing is rm 540 mil . This year revenue is rm 435 mil ( assume rm 300 mil by ‘tis yr) .. don’t mention yet on asset ... ho ho

Posted by Johnchew > 2019-08-26 12:53 | Report Abuse

This year revenue is 435 mil + 78 mil = rm 513 mil

Posted by longvalley > 2019-08-26 13:01 | Report Abuse

..... ....Hot money on the move....
Stand by for it.....
Stand by
Stand by
Stand bu
.....,,,,.
Wa ka ka ka

Posted by Boomerang2 > 2019-08-26 16:32 | Report Abuse

Now slow slow die. Tomorrow waterfall.

Posted by Johnchew5 > 2019-08-26 17:09 | Report Abuse

Ho ho u mean Kanger .. kiri sell kanan buy marching to south.. relaks let see ‘‘tis week

Posted by Johnchew > 2019-08-27 10:07 | Report Abuse

Stochastic oversold 0.0 .. yesterday T+2

Posted by Harold Huong > 2019-08-28 12:34 | Report Abuse

Johnchew and Boomerang have few account in i3 ne

Posted by Johnchew > 2019-08-28 13:28 | Report Abuse

Relaks enjuy curut sini..

Posted by Johnchew > 2019-08-28 13:38 | Report Abuse

Follow Abraham n Mike chong earlier post..

Posted by charles pang kah keet > 2019-08-29 12:32 | Report Abuse

WHY JOHNCHEW NO CIRIT CURUT DI KANGER INTERNATIONAL COUNTER?

Posted by Moneykj1 > 2019-08-29 12:39 | Report Abuse

Ho ho today kanger bye bye liao..u dont see the show with beyond2288

Posted by Johnchew > 2019-08-29 22:53 | Report Abuse

Today announcement Zelan won BBCC arbitration award of abt rm 3 million. This shows zelan project team professionalism that certified claim documents are well managed and filing...

Posted by Johnchew > 2019-08-29 22:54 | Report Abuse

Relaks enjuy curut sini.

Posted by Johnchew > 2019-08-29 23:15 | Report Abuse

KUALA LUMPUR (March 11): Zelan Bhd has initiated arbitration proceedings against NRY Architects for as much as RM305.4 million over the construction of buildings for the International Islamic University Malaysia (IIUM) in Kuantan.

Zelan said in a stock exchange filing today that NRC had breached a contract signed in May 2013 with Zelan’s wholly-owned unit, Zelan Construction Sdn Bhd.

This is the reason why Zelan recurring yearly concession payment on IIUM project do not commence from 2016 until Nov 2018.. 3 year losses n opportunity losses..

Posted by Asia88 > 2019-08-30 10:03 | Report Abuse

Johnchew KUALA LUMPUR (March 11): Zelan Bhd has initiated arbitration proceedings against NRY Architects for as much as RM305.4 million over the construction of buildings for the International Islamic University Malaysia (IIUM) in Kuantan.

Zelan said in a stock exchange filing today that NRC had breached a contract signed in May 2013 with Zelan’s wholly-owned unit, Zelan Construction Sdn Bhd.

This is the reason why Zelan recurring yearly concession payment on IIUM project do not commence from 2016 until Nov 2018.. 3 year losses n opportunity losses..
29/08/2019 11:15 PM <<< Are you sure? NRY Architects is not the party responsible to pay concession payment to Zelan.

Posted by Asia88 > 2019-08-30 10:04 | Report Abuse

Today announcement Zelan won BBCC arbitration award of abt rm 3 million. This shows zelan project team professionalism that certified claim documents are well managed and filing.. <<If they are professional enough, BBCC would have pay them on the work they perform.

Posted by Moneykj1 > 2019-08-30 11:50 | Report Abuse

Aiyo..read also cannot understand ... read again

Posted by Moneykj1 > 2019-08-30 11:51 | Report Abuse

Are u from the project industry ..Asia88!!! Ha ha

Posted by Harold Huong > 2019-08-30 11:57 | Report Abuse

Besok ialah Hari Kebangsaan Malaysia
Selamat Hari Merdeka, Malaysia

Posted by Moneykj1 > 2019-08-30 12:04 | Report Abuse

Why worry harold

Posted by Asia88 > 2019-08-30 14:49 | Report Abuse

Moneykj1 : Aiyo, get your facts right. Had you went to IIUM campus before?

Posted by Moneykj1 > 2019-08-30 14:53 | Report Abuse

Asia88 u want talk n hide..go to hide..haha

Posted by Moneykj1 > 2019-08-30 14:54 | Report Abuse

Or collect shit in mikromb

Posted by Moneykj1 > 2019-08-30 15:05 | Report Abuse

Aiyo Asia88 ah pek .ppl said aiyo u sày aiyo..then ppl said syok ..u ah pek can syok meh..can ah can down only..thats way ppl up u down

Posted by Johnchew > 2019-08-30 17:08 | Report Abuse

Relaks enjuy curut sini