Forex is a double edge sword, it can go up and down, assuming that MYR will keep appreciating because of some analyst report is a big NO. Debt is debt regardless of currency. Its Long term debt to equity ratio of 4.8x is the highest in the industry that has average of less than 0.5x. Value investing will exclude stock that has high debt ratio not just look at the NTA.
Posted by Hafid > Feb 14, 2019 11:25 AM | Report Abuse
The Total borrowings of AZRB is about Rm2.5 Billions
It's very ok lah
It's backed by Solid Assets of over Rm2.5 billions More than that It has spent almost Rm1 Billions on Toll Road And got Rm600 Millions from Medical University Campus
As shown by NTA of 89 sen over 38.5 sen share price now
Other o&g entities have even higher debt than AZRB without Net Assets support
SO AZRB is perfectly Ok
Considering Regular Income from Concession in Medical Hospital
Guaranteed Business supplying marine oil in Kemaman & Tok Bali to Petronas Customers & Others These 2 are MONOPOLIES with zero competition
And many projects awarded by Malaysian Govt, Tenaga National & Petronas. All these are good pay masters
Posted by shpg22 > Feb 14, 2019 11:37 AM | Report Abuse
Forex is a double edge sword, it can go up and down, assuming that MYR will keep appreciating because of some analyst report is a big NO. Debt is debt regardless of currency. Its Long term debt to equity ratio of 4.8x is the highest in the industry that has average of less than 0.5x. Value investing will exclude stock that has high debt ratio not just look at the NTA.
You think Malaysian Debt high?
Singapore Govt borrowed even more money than Malaysia!
But they invest in Health care in Malaysian listed companies They also invest in Student Hostel in Germany
Japan & USA got even higher debt
USA got Rm84 (USD21) Trillions Debt while Malaysia got Rm1 trillions
See
Malaysia debt is Rm1 trillions while US is Rm84 Trillions
84 times more
Population in Malaysia is 30 millions while USA is 300 millions
So USA got 10 times more people but 84 times more debt
IF YOU LOOK AT THE RIGHT PERSPECTIVE THEN YOU CAN SEE THAT USD MUST WEAKEN AGAINST RINGGIT ONE DAY
See this article from YEAR 2014 (5 years ago_ NOW FAST FORWARD TO CALVIN COMMENTS IN BRACKETS
KUALA LUMPUR: Ahmad Zaki Resources Bhd (AZRB) is expecting RM700 million to RM750 million in revenue this year, driven by its construction division, said chief operating officer Datuk Roslan Jaffar.
He said construction projects including the Klang Valley mass rapid transit (MRT), the International Islamic University Malaysia’s (IIUM) teaching hospital in Kuantan, Pahang and Permodalan Nasional Bhd’s (PNB) hotel and office tower project in Kuala Lumpur will contribute to its projected higher revenue.
In 2012, AZRB was awarded a construction package worth RM764.9 million for a viaduct and station for the MRT,
as well as a RM673 million contract from PNB for the construction of a 50-storey hotel and the refurbishment of an existing 35-storey office building in Jalan Sultan Ismail.
It also bagged a RM600 million deal to develop IIUM’s teaching hospital.
(THIS RM600 MILLIONS WILL COME SOON) (CHUN CHUN ONE)
Other projects AZRB hopes to clinch this year involve the MRT2, the Tun Razak Exchange in Kuala Lumpur and Petroliam Nasional Bhd’s refinery and petrochemicals integrated development (Rapid) in Johor.
(PETRONAS AWARDED CONTRACTS IN TOK BALI & IN KEMAMAN) (CHUN CHUN ONE!!)
On the group’s construction of the RM1.55 billion East Klang Valley Expressway (EKVE) connecting the Silk Highway in Kajang to the Karak Expressway in Gombak, Roslan said work is expected to start by the third quarter of this year. The project is scheduled to take three to four years to complete.
(THIS HIGHWAY COMPLETING SOON THIS VERY YEAR OF 2019) (CHUN CHUN ONE!!!)
In February last year, AZRB entered into a concession agreement with the government for the design, construction, completion, operation, management and maintenance of the EKVE for a period of 50 years. (SEE AZRB GETS GOVT JOBS!!)
On its plantations, Roslan said AZRB is looking to expand its total planted area from 4,700ha to 10,000ha in Kalimantan Barat, Indonesia over the next few years. It is also planning to build a 90-tonne mill in the plantation area. “We are finalising the design by this year, so we should be able to construct it by early next year and start commissioning it by 2016.
“Five years down the road, we hope our plantations will be a significant contributor [to the group’s revenue],” he added.
(THAT WAS IN 2014 NOW IS 5 YEAR DOWN THE ROAD IS YEAR 2019 TO REAP HARVEST) CHUN CHUN ONE!!
On capital expenditure this year, the group has allocated RM150 million for the construction of EKVE and another RM90 million for the construction of the mill.
This article first appeared in The Edge Financial Daily, on March 18, 2014.
(ALL THE BUSINESSES WILL CONVERGE TO MAKE PROFITS IN YEAR 2019)
(VERY CHUN CHUN TIMING!!!)
(THIS IS THE REASON WHY COMPANY IS SANGUINE TO GIVE A VERY NICE 15.2% DIVIDEND YIELD TO ALL DIRECTORS AND SHAREHOLDERS)
THE FUTURE NOW IS GETTING VERY BRIGHT
(WHILE PRICE OF AZRB NOW BOTTOMING AND GOING FOR A MULTIYEAR REBOUND!!!)))
Btw Suresh, the chart is looking good. It's ticking upward, and crossed the SMA 200 of 37 sen. Like what Calvin said, once crossed 40 it will keep the momentum going.
Can enter if go 0.40, today broke 0.38, to double affirm u can enter at 0.40 . May go 0.50 above in upcmoming months . Extra bonus to 0.70 if ecrl continues
i dont know how rapid will benefit AZRB. But i know Dr Neoh told me that circa 70% of the debt in book is for two expressway & hospital concession. The recovery of rm90m at Saudi is pending court enforcement barring unforeseen circumstance. one positive stimulant. Sifu Neoh told me through dynaquest. pls subcribe to dynaquest
Yes if Azrb gets the Rm90 million for the job cancellation in Saudi it will be a booster
Now the future contracts are more secured due to it's edge as a Bumi Class A contractor And payments are very secure by entities like the Malaysia Govt, Tenaga National and Petronas
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....
mayongzheng
489 posts
Posted by mayongzheng > 2019-02-14 06:14 | Report Abuse
Pls dun gap up, Azrb.
Tunggu aku masuk nanti.