Close unchange although overall rm48bil 2015 development projects maintain......may be only when contracts are awarded only the major price movrment will start. .....
zelan ada bad history dulu....itu pasal orang sgt takut...tapi u orang kena ingat, zelan still under Albukhary regime...very the govt linked...sure ok punya! mari mencanak bersama Zelan!
Buy at 0.23cts or even 19 cts is possible ? Any pricing is possible in the share market.For zelan,it was a sick contruction counter previously ,the sickness had been treated and fully recovered through cooperate exercises ;such as sold out IJM share,capital reduction,issuance right issue were completed sucessfully. At the moment, the company bagged with 1.2billion worth project manage by Dato Adnan is on growing path and fruiting near soon.Anyhow,unexpected disruption will interrupt projects execution which brings harmful to company profit.In the mean time,we wait for financial annoucement on 21-2-2015.If it achieved profit 3cts per share ,share price touch 50cts n viceversa come down as low as 19cts.
zelan related clues: 1. Major share holder mmccorp received approval letter from klse to list power asset, malakoff power generation very soon. 2. MMCCORP holds 39.2% Zelan share. 3.MMCCORP share price moving up gradually from 2.35 to 2.60 (Friday closing) 4.On 1 sep 2014 Zelan received rm 104million from disputed vendor Meena Plaza Mixed development projects, United Arab. 5.The continuation of the uncompleted projects work will be guaranteed payment by local institutioon. 6. Dato Che MOhd Khalid exceo TNB join in the team. 7.Some risks of winning new addictional project since oil price down. 8.Risks of cost run of control after implementation GST.
ZELAN bukan sebarang penny stock, it is 39.25 % owned by MMC that is by Tan Sri Syed Mokthar. Kalau it can get even just some projects from Syed Mokthar group of companies pun sudah cukup la.
This is potential good penny counter replacing lauzy azrb counter....by comparing : 1. pbt% against turnover 2. eps, pe.....
The autority should check azrb accounting n bizz pratice and delisted this counter if it involve in any bizz pretice irregularities....and cheating public investors....
Monday or Tuesday could be annoucement of quarterly financial result which is interesting to investors,the ratio to strike good result is 7:3 .So be prepared for investment strategy!!!!!!!!!!!!!
KUALA LUMPUR (Feb 23): Engineering and construction firm Zelan Bhd ( Financial Dashboard)'s net profit for its fourth quarter ended Dec 31, 2014 (4QFY14) fell 33.44% to RM15.27 million, from RM22.94 million a year ago.
Revenue meanwhile, stood at RM86.86 million, rising 67.75% from RM51.78 million a year ago.
However, it should be noted Zelan (fundamental: 1.3; valuation: 0.6) sold its shares in IJM Corp Bhd ( Financial Dashboard) in the three months ended Dec 31, 2013, as part of its restructuring exercise to mend its deteriorating balance sheet.
As Zelan had managed to resolve its dispute with Meena Holdings LLC to resume works for Meena Plaza in Abu Dhabi, the engineering firm made a turnaround, recording gross profit of RM9.04 million for 4QFY14. This compared with the previous corresponding period’s gross loss of RM36.01 million.
Zelan also attributed the quarter’s revenue increase to an increase in contribution from its local projects, and the construction of Royal Chalet project in Abu Dhabi.
For the nine months ended Dec 31, 2014, Zelan’s net profit jumped 67.49% to RM41.18 million or 4.87 sen per share, from the previous year’s RM24.58 million or 4.36 sen per share. Revenue was up 21.17% year-on-year to RM210.966 million.
Zelan, a unit of MMC Corp Bhd ( Financial Dashboard), said its prospects remained positive, given the stable earnings contributions from ongoing projects. It also expected an improvement in earnings from operations, with the current projects in hand.
“(Zelan) has taken positive steps to improve the group’s performance through continuous assessment of internal and external risks and implementation of strategies to control costs,” it said in the notes accompanying its latest quarterly financials.
Zelan closed flat at 34 sen today, after being traded in a range of 33.5 sen and 34.5 sen, for a market capitalisation of RM287.26 million.
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....
ding dong
1,870 posts
Posted by ding dong > 2015-02-09 13:16 | Report Abuse
...berapa lama sula tunggu loooo...