Posted by char1234 > 2015-07-26 16:34 | Report Abuse

Bound to hv a profit taking next week.. let's c how they play this

Posted by Always A. Beginner > 2015-07-26 21:50 | Report Abuse

oh yeahh time to accumulate during profit taking!

Posted by char1234 > 2015-07-28 07:57 | Report Abuse

As usual...one day show.lets hope it rests at a higher price

Posted by Cheang Weizheng > 2015-08-02 16:34 | Report Abuse

the price seems to be consolidating at 0.325 level... maybe waiting for another project to be bagged and also the new coming quarter...

Posted by 1009 > 2015-08-03 11:04 | Report Abuse

This few day try can start few energy up ma?

Posted by char1234 > 2015-08-03 15:43 | Report Abuse

Rest at 32 is good... wait for qtr result.

Posted by popcorn > 2015-08-03 15:54 | Report Abuse

when qtr result will be out?

Posted by char1234 > 2015-08-03 18:03 | Report Abuse

This mth....i think eps maintain at 1.8..

Posted by Always A. Beginner > 2015-08-03 20:24 | Report Abuse

I see the chart pattern based on previous 2 QTRs, it seems that the price will go up 1 week before QTR result comes out. Then on d day result come out it will start to drop..

Posted by apanama > 2015-08-03 20:33 | Report Abuse

This company is 'mamak' company. So will going up only on Friday. If you see price dip below 30sen..STRONG BUY..dont jump in if break 37-39sen..just accumulate..dont worry JAKEL is strong ..Malay is the largest community..rata rata kerja gomen..ekonomi teruk pun masih beli baju Jakel..hehehe..so strong shareholders..x worry..

Posted by Cheang Weizheng > 2015-08-03 23:48 | Report Abuse

any new projects to be grabbed by Zelan?

Posted by popcorn > 2015-08-04 10:12 | Report Abuse

got potential~

Posted by Alex Chan > 2015-08-04 13:24 | Report Abuse

Interesting enough. Eps @ 1.8 per Q
Annualized 7.2 cents
@ PE 10, that 72 cents
@ PE 12, that's 86 cents
@PE 15, that's 1.08

Worth a bit? :-)

Posted by lian998 > 2015-08-04 23:01 | Report Abuse

apanama, jakel is no longer share holder of zelan, am i rite ?

Posted by apanama > 2015-08-04 23:42 | Report Abuse

Last check at bursamarketplace still. Anak perempuan dia if im not mistaken. Please feel free to check at bursamarketplace. A lot of info there

Posted by 4u2c > 2015-08-05 01:05 | Report Abuse

its has BIG potential ...but if she refused to be goreng, what to do ?Price looks soooo cheap.Maybe we just take over the company at this price.Seem so undervalue

Posted by CFTrader > 2015-08-05 02:38 | Report Abuse

I'm no financial background fella.

But borrowing shot up from 214.1m to 255.32m . (30.22c per share)
Recievable shot up from 364m to 425m . (50.3c per share yet to be paid by customer)

GP stands at 9m .
But Profit from Core Operation only merely 5.4m per quarter. (0.7c per share per quarter, that makes 2.8c per share annualized)

Judging from the trend, I think the low PE is due to worrisome amount of debt ... and bunch of recievable which is doubtfull..

Posted by CFTrader > 2015-08-05 02:45 | Report Abuse

PE stands at 4.53.

We will use another Enterprise approach to value it.
EV / Ebit.

Enterprise Value : (844.89m x 32c ) then add debt (255.32m +7.6m ) and deduct cash (21.3m + 14.4m) = 497.5848m

Earning = 15.4m
Interest income = 9.774m
Taxation = 1.3m

EBIT = 15.4m - 9.774 + 1.3m = 6.926m per quarter
Annualize it 27.704m

__________________________________________________________________________

EV/Ebit = 497.5848m / 27.704m = 17.960.

Inversely, it is Ebit/EV = 1/ 17.96 x 100% = 5.68%

EY% at 5.68%.

Posted by CFTrader > 2015-08-05 02:46 | Report Abuse

Please don't attack me because I post these calculation.
I am merely analyzing on neutral basis.

I might take some position once I saw cashflow problem have the indicator of entering "resolving" stage.

Posted by apanama > 2015-08-05 07:05 | Report Abuse

CFTrader..u made a point with an impressive detailing out the figure. Some says figures cant lie. However, from trading latest point of view, Zelan wont be able to made a significant break thru above than 37-39sen. However, with an impressive track record who used to be part of IJM stable and Budget 2016 is on the way, we might consider to accumulate on weakness. As of now, the status still remain the same 30sen with strong support at 27sen on the lower side.

Posted by apanama > 2015-08-05 14:08 | Report Abuse

Another way to look at it..keyword ZETTY..So remove TTY..u got Zelan..hehe..buy ..always fly on Friday..if market push to certain level..buy at your own risk..disclaimer as usual..haha

Posted by paperplane2 > 2015-08-05 14:50 | Report Abuse

CFTrader, good analysis. Concern on receivables addressed as it collect back money. next few q to reflect I think

Posted by paperplane2 > 2015-08-05 14:50 | Report Abuse

http://klse.i3investor.com/blogs/undervalue/78054.jsp

Posted by CFTrader > 2015-08-05 17:47 | Report Abuse

The receivable is my 2nd degree concern.

The major concern is the cash generated from operation against the debts.
EBIT was 27.7m annualized. How long it need to take to completely wipe out the debt ?

It needs to take 5 year plus to pay all the debts.

Note that I'm talking about EBIT... if I'm talking about cash from operation, that will be lower.


Debt is not a bad thing for growth if you have strong cash generating power to pay it back.
but it is definitely a bad stuff if you have no ability to pay it back.

Posted by alibabacoming > 2015-08-05 17:53 | Report Abuse

i believe it can fly

Posted by char1234 > 2015-08-05 20:23 | Report Abuse

Fair value 37 ct...now 31.20 pct upsides.Good for me if can happen within 6 mths

Posted by apanama > 2015-08-06 11:36 | Report Abuse

If 37sen..better wait at 27sen..:)

Posted by 4u2c > 2015-08-07 00:31 | Report Abuse

must be greedy.....now no one goreng.....who ever average or for any new purchases, sure will mati.
Our market is like shit......dead .....

Posted by apanama > 2015-08-07 06:39 | Report Abuse

This counter is Friday counter if market rally..a bit late comer..so why must u chase..just seat n relax...im agreed with 4u2c...to be honest..as private investigator to many company..in my opinion..you dont trust much into DATA especially their accounting figure. I used to have this company..a true story...now they sell their company to a public listed company..i cant disclose here..but..people are chasing its stock now. :)..i tell you..they cook their revenue..they massage their debtor list n creditor list..they over value the asset..contract is pledge here n there..thats real shit in our capitalism world..hehehe..so..just be careful if you want to trade a stock. Be careful if you want to buy a stock..DONT TRUST MUCH ON DATA NOWADAYS ESPECIALLY "ALGORITHM PLAY" IS POPULAR NOW ..EVEN DEVELOPED MARKET DAH KENA..IM NOT SURPRISE WE TOO..u must do a very details investigation if you want to be semi investor..or minority shareholder..:)..but if u just want to punt..one more time i repeat..THIS IS FRIDAY COUNTER..once a while TUESDAY..:)

Posted by 4u2c > 2015-08-08 13:57 | Report Abuse

if they r selling the company,they shld push shares up higher..dont u think so ? Im surprised that they are cooking their books....

Posted by apanama > 2015-08-08 15:03 | Report Abuse

Before any company want sell their company..they will collect first..then..KABOOM..PUSH ..PUSH ..PUSH..then..news out..if Director is very good..very respectable in market..industry..erc etc..then .KABOOM..people throw..haha

Posted by char1234 > 2015-08-10 11:49 | Report Abuse

Year low.....r they heading for 23 ?

Posted by Cheang Weizheng > 2015-08-10 13:04 | Report Abuse

big bear is coming... negative sentiment all over the bursa stocks..

Posted by gunse007 > 2015-08-10 13:19 | Report Abuse

owh jib... pls get lost n dun kill zln n klci...

Posted by 4u2c > 2015-08-10 13:37 | Report Abuse

wait for right timing.......market is sooooo bleak for us......to compound matters Zelan mgt as APANAMA puts it......going thru change....

Posted by apanama > 2015-08-12 11:01 | Report Abuse

Hahaha..ait ZELAN..hang buat leceh no..hang dah 28..sat gi..27..bukan hang nak pi 22 kot..hahaha..tak pa tak pa..cheq sabaq la..hi anak mami tanjung ..nana..jgn buat leceh kawin dua tak bagi tau kat cheq..nanti cheq kasi satu penang ribut haru..hahaha..anyway..thats movie awesome..Penang Rocks..walla..:)

Posted by apanama > 2015-08-12 11:03 | Report Abuse

Im sweet 22..or Im sweet 27..jgn Im sweet 18 cukup..alah alang alang..im sweet 17 bang..damn..thats POEN 17 not Sweet ..huhuhh

Posted by apanama > 2015-08-12 11:05 | Report Abuse

Hangpa sure tak paham..hahaha..tak pa..kawan kawan aku paham..huhuhuhu...Hidup.Mamak..We are UNITED MAMAK NO OTAK..

Posted by Always A. Beginner > 2015-08-12 12:06 | Report Abuse

BLOODBATH!!!! berapa ramai orang akan mati dalam 1-2 minggu ni...

Posted by alibabacoming > 2015-08-13 09:23 | Report Abuse

boleh land

Posted by kerengga > 2015-08-13 09:41 | Report Abuse

http://hafizmd.com/wpblog/zelan-berhad/

Oversea business in control... USD positive effect..

Posted by apanama > 2015-08-13 19:26 | Report Abuse

Tak payah susah susah hafiz sayang..ini countee mmg bawah 3 kupang..cun masuk..tak payah promote promote..blog apa bagai..semua org tau...cuma satu org tak tau..ini JUMAAT punya counter ..tak pun Selasa.pasai apa..MAMAK..meh aku bgtau hangpa rahsia mamak..mamak suka byq hutang lepas jumaat...hahaha..so besok jumaat..kita tgk..ada naik ka tak..kalau x naik besok..next jumaat..:)..tapi yg pasti..mesti jumaat..sekali sekala SELASA

Posted by char1234 > 2015-08-16 07:49 | Report Abuse

Im going for Ewein.Tis counter going wrong direction.... no positive movement

Posted by calvintaneng > 2015-08-16 11:05 |

Post removed.Why?

Posted by char1234 > 2015-08-17 06:20 | Report Abuse

Time will tell...hv made some money there already...

Posted by lulucf > 2015-08-17 22:10 | Report Abuse

Haancur

Posted by Alex Chan > 2015-08-17 23:16 | Report Abuse

Property companies going to crash

Posted by 4u2c > 2015-08-18 00:42 | Report Abuse

Apanama is this counter custodian.....he says below 30 cts....now almost year low already .....at 24.5 ...company change hands.He needs to provide direction...scary

Posted by char1234 > 2015-08-23 14:07 | Report Abuse

Apanama.....apa macam?

Posted by Jolin Lai Chi Pet > 2015-08-24 18:20 | Report Abuse

bad result!!!!!!!!!!!!!!!!!!!!!!!!!good luck