I not only like but also love this stock cos not only very2 cheap n it also well diversified into Construction , Properties, Engineering, Oil n Gas & finally Plantation. Just close yours eyes to buy, u won"t be wrong
All the talk about ECRL . And AZRB have not win anything from ECRL yet up to date . Who think AZRB will get a pcs of ECRL project and who think AZRB will never get anything thru out this ECRL construction?
+++++++++++++ KUALA TERENGGANU (Sept 2): The Terengganu government hopes that the main contractor for the East Coast Rail Link (ECRL) project, China Communications Construction Ltd (CCC), will reconsider the terms of contract award to local companies.
Menteri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar said this was to ensure that the local companies could compete and participate in the ECRL project in the state.
He said that although 40% of the allocation of RM7 billion worth of total contracts in Terengganu was provided for local companies, he was concerned that no company would be eligible for the ECRL project contracts due to overly strict conditions.
Yes, i want to buy back . Sold some @0.305 yesterday . Too early sold and missed the peak 0.325 , Now waiting to collect back . If 0.28 no attractive to re-enter. If 0.20 best best
Any idea why the signing ceremony of the consortium formation agreement between Ahmad Zaki Sdn Bhd and GPQ Sdn Bhd, MMC Engineering Sdn Bhd, and P-Excell Management Sdn Bhd for the ECRL project witnessed by the Trengganu menteri besar was not reported to Bursa (Sep)? Isn't this significant material info? On the Pahang side, today's paper, it is reported "Taraf Raya to be PMC for Pahang portion of ECRL"
During the recent AGM I asked the MD about AZRB winning contracts and he replied they hope to win at least one or two. Any chance AZRB also involved in the High speed rail to S'pore which decision dateline is end of this month?
Every state involved definitely wanted to appoint the company which can share the most profit with the state gov and politicians. It's typical. It means any ECRL local contractors job portion within the state must go through them. Initial RM100 million projects may eventually reach the subcontractors at RM50million only...
Eventually, RM100 million expected outcome becomes <RM50million materials and quality.
True, but there is a slight difference between AZRB and companies like OCR (formerly Takaso) which is presently a property developer). AZRB expertise is in Infra-structural /civil engineering and is one of the very few Bumiputra Class A companies. At present I think the Govt wants CCC (China) to award 40% of jobs to local contractors but there are so few Bumi companies qualified enough to do the work. So no matter whether in Pahang, or Trengganu or wherever, ECRL, MRT extension, HSR, etc AZRB will probably be able to bid for jobs! On another note, the EKVE is scheduled to be completed sometime in Q3 2021. The concession for EKVE is for 50 years. Right now vehicles along the NS highway will have to pass through the congested roads eg middle ring roads of KL. But once EKVE (outer ring) is completed, vehicles will be able to bypass KL completely. Lastly I want to point out that last quarter"s losses, a huge chunk was due to forex losses (RM29m) for its plantations in Indonesia. So it is only paper loss!. As you know the USD has now weakened a lot, so you can expect forex gain the next quarter.
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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....
Isketambola
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Posted by Isketambola > 2020-12-16 10:48 | Report Abuse
Gogo azrb...jgn potong stim