Soon is subjective..it can be a year.Global market and local issue might be a big brick wall for Klse counter.Unless this come out with an insanely good news....or a cyn d cat choose to play zelan.
KUALA LUMPUR: Zelan Bhd’s unit Zelan Construction Sdn Bhd (ZCSB) will, as lead partner, take an 80% stake in the joint venture (JV) to carry out the RM96.99mil subcontract to build a sewerage conveyance system for the Langat centralised sewage treatment plant.
The engineering and construction firm told Bursa Malaysia that Icop Construction (M) Sdn Bhd would have a 20% participating interest in the JV.
MMC-Sumitomo Consortium had awarded ZCSB and Icop the subcontract in October last year. This subcontract represented a related party transaction, as MMC Corp Bhd owns 39.25% direct interest in Zelan.
In a letter dated Dec 16, 2015, ZCSB and Icop were notified by MMC Pembetungan Langat Sdn Bhd that it had taken over the project from MMC-Sumitomo Consortium.
The subcontract works involve the construction and completion of about 16.6km of pipe jacking in various sizes and 164 shafts for jacking and receiving pit in various sizes and depths.
The works are to be completed within 26 months from the date for site possession, to be notified by MMC Pembetungan.
Zelan said the proposed JV was expected to contribute positively to Zelan’s consolidated earnings and improve its net assets for this financial year ending Dec 31, 2016 and the subsequent financial years over the duration of the sub-contract works.
...but now a day always in the news talking about few hundred million if not billion rm contract maaaa.. may be it just a starter for zelan n billion2 one will came later...
another sai moktar stock. all same. after big push up, drift down n down and down for months or years. with intermittant spike to suck in more waterfish.
I had a quick look of the 1Q2016 report. RM37.5 million in loss which equals to 4 sen per share. RM26 million of this appears to be writing off of receivables. This may be connected to that project in Abu Dhabi or near it.
2 qtrs loss 55 million already. Thats abt 1 year profit. This share will be in state of dormancy for a long time....Use to hv this share 2 years back....
Zelan: Tenders for RM4bn local infrastructure contracts in 2016. Zelan is tendering for contracts worth RM4bn this year, comprising local infrastructure projects, as the company winds down its overseas operations. Despite the current challenging economy, Zelan is still participating in tenders for local infrastructure projects, its MD Adnan Mohammad said. Some of the contracts being tendered out are for works for the new highways like SUKE and DASH and also infrastructure projects for Petronas' RAPID. (Financial Daily)
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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....
1009
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Posted by 1009 > 2016-04-13 15:33 | Report Abuse
Now collect 0.22 first... Play one more time