Few project has been awarded recently. Previous project being Terminal Bersepadu Gombak Sdn Bhd (TEGAS) worth RM307 million. Now Mudajaya Corporation Bhd has awarded a RM215mil project to Zelan Bhd for a coal fired power plant project in Johor. http://biz.thestar.com.my/news/story.asp?file=/2012/9/3/business/20120903191055&sec=business Few project in hand but this stock still in downtrend, hopefully there is a reversal soon.
from my closed friend whom is ex-zelan..many of their staffs cabut already joining mudajaya,alstom and other company.zelan new management is bad now after albukhary take over.
Get ur facts right first, before posting ur comments "TEGAS project has been cancelled". its grossly misleading.. and totally incorrect.. Even on albukhary take over notion u didt get ur fact right..
take it easy! Zelan style is like that, 35c, 30c, 25c depend on which level it maintain... is already long time it stay at this level... Last year it moves slightly during this month... active on early 2012... so, maybe same act... but must be some news...
Its up to you...every working day i'm having my morning breakfast with my ex-zelan colleague and his story about those glory days with zelan is over already...
In fact, he is in charge during tendering TEGAS project, dealing with JKR,SSP, local people etc.
Believe it or not? Maybe just a cup of coffee for you this morning :)
YES days of RM6.00 aint gone to come... RM1 perhaps rm2 is very likely... I too can claim likewise knows all... but let me tell u i too hv PRIVILAGED INFO as to state of Zelan... I advocate a BUY!!!! BUY!!!! and HOLD of course... Slowly but SURELY some of Zelans DIGNITY and HONOUR will be REGAINED... GOD's Willing...
yaa..maybe for long term.short term wise, i dont see any exciting news from zelan...and maybe Tegas project has been cancelled just a rumour...perhaps :)
Drum it into one's head.. Election or no election.. Zelan will experience a strong technical rebound and eventually will lead to full recovery based on fundamentals.. ie.pierced tru previous high of 0.55sens.. Keep putting money in Zelan.. HOLD...
No la necro...kawan i dulu ex-zelan...lepas syed mokhtar beli, byk problem.projek pun byk sangkut..so many -ve news...itu sebab pandang sepi je laa..hahahaha..ni mesti ada pape niii, tetiba je shoot?
Bought 55 lots earlier the year at RM0.27. Sold off this morning at average RM0.309. already up by more than 30%. wait till its back to RM0.27(base)or cheaper. If maintain at abv $0.31 then uptrend all the way. now off load and waiting for reload. sell.....
Last few days there was a surge in volume and I got a few friends to buy at RM0.24 as I see an upside to RM0.27. Honestly i didnt expect the volume to surge so much and appreciation of 30%. i do not see this is sustainable and price should dropped to RM0.25 due to force selling within the next few days. GE-13 will b announced soon and Zelan is expected to dive south.
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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....
Michael
249 posts
Posted by Michael > 2012-08-23 09:34 | Report Abuse
Still a strong BUY