Posted by AhMoi > 2014-08-07 17:09 | Report Abuse

even Singapore funds whatever funds have been sidelined and just KIV AZRB by your noises

Posted by i3i2i1 > 2014-08-07 17:13 | Report Abuse

at last AhMoi just wake up from sleeping?

Posted by i3i2i1 > 2014-08-07 17:13 | Report Abuse

thought AhMoi migrated too...

Posted by AhMoi > 2014-08-07 17:23 | Report Abuse

HaHa.... AhMoi has been meditating.... cause cant settle down....... all the noises from nordi is making AhMoi cant settle down

Posted by nordimohd > 2014-08-07 17:43 | Report Abuse

no la it noises from all over the world just to share what i have read...for sure i am just little poor guy on the mercy of the things happening around us such as war, perfect storm, tsunami....ok lah from now no more story about risk mitigation....just sembang only....

Posted by nordimohd > 2014-08-07 17:44 | Report Abuse

sorry if i have scare u all...

Posted by AhMoi > 2014-08-07 18:02 | Report Abuse

ok, If your noises continue... meditation would not be enough, have to do yoga too tomorrow ; )

Posted by i3i2i1 > 2014-08-07 18:16 | Report Abuse

hahaha.. doji doji.... so my analysis seems going to be true... repeating the chart again!! but plsdont drop below 750 level.. keep here ok?

Posted by i3i2i1 > 2014-08-07 18:17 | Report Abuse

@nordi: may be get back to daun ketum lar... jgn pikir banyak banyak....

Posted by sunztzhe > 2014-08-07 18:23 | Report Abuse

Stockraider,
What gibberish recommendation are you recommending?
You initially promoted AZRB but you end up recommending PIE as follows:

h)PIE AT RM 5.00 A STRONG GROWTH BUY LOH

For your info, PIE closed at RM 7.04 today. It was below RM 5 in mid December 2013.

Why do u promote AZRB but end up recommending buying PIE at RM 5.00??

Posted by sunztzhe > 2014-08-07 18:34 | Report Abuse

AZRB just moved into hazy clouds for the second day running. Uncertainty seems to be growing and downward price momentum may possibly accelerate.

Posted by nordimohd > 2014-08-07 18:35 | Report Abuse

to me as far as azrb is concern what ever has been discussed are still good intact and it will slowly progressing up ward...as Calvin and others said it is a future kind of blue chip like ijm and the rest...azrb will need time to grow n probably try to some how reflect how ijm movement from very low to what it is now so one can appreciate how the potential of azrb...

some of us my have bought it a little bit higher may be as high as rm1.15 but even then it still worth to keep because probably 2 years in future as azrb move to it fair value it could go as high as rm2.50....???

anyway at least that how i look when investing in equity unless u are day trader and momentum player hunting for good ripple to chase...

Posted by nordimohd > 2014-08-07 19:00 | Report Abuse

fortunebullz yes u are right it cheapest..infect i heavily invested in azrb in 2013 but due to slow price movement sold all made some profit and move to gadang which is now dabble the price and still yet to reach it fair value....

but still monitoring azrb as it is the future gem and still looking at the right time for buying in....

Posted by lotusf1 > 2014-08-07 22:03 | Report Abuse

It puzzles many invstrs n me ,why in the world AZRB ,despite its 'golden intrinsics value' remains lacklustre for many mnths..its stock hardly touches ,$1 compared to its peers ,tambum,sbc etc,gamuda ..its i used to hold some shares earlier but disposed it ealier fr the same reason -
To me tis stock has low grip n tractions on d road despite of high energy transfr t d ground...,!

Posted by chloe_ts > 2014-08-07 23:10 | Report Abuse

calvin tan,

"A to Z RINNGIT BERHAD CAN KEEP FOR 5 To 10 Years!

I Bought UMW in 2004 at RM2.40. Today after 10 years my UMW is a Blue Chip

See My 10 Year Celebration in UMW Forum Tread

AZRB given time can overtake CMSB - another one turned Blue Chip I bought at RM2.20"

You mean it will become another CMSB kah?

Posted by sunztzhe > 2014-08-08 00:01 | Report Abuse

There are BIG POTENTIAL that can contribute to its future intrinsic value but there seem to be more questions than answers. Would appreciate if fellow forumers can throw some light.
1) Construction & Engineering: AZRB Already secured Putrajaya & Langat 2 for RM483 Mil project.
Question: How much net margins will AZRB earn in this projects? What are the execution risks that can impact on its cashflow and future earnings? How much will these projects contribute incrementally to its EPS?
2) OIL & GAS CONTRACTS WITH PETRONAS in supplying diesel oil to offshore platforms is already in the price. What and where will be the FUTURE additional earnings kicker. How much will be the additional incremental EPS?
3) OIL PALM CULTIVATION: AZRB has 18,500 acres of Oil Palm lands in Indonesia and todate it had made losses. How long will this continue to drain its cashflow and when will AZRB turn this biz around to generate profits and good cash flow? What will be the loss in EPS and how soon can AZRB stop the bleeding? What will be the incremental EPS?
4) RECESSION PROOF TOLL ROAD FOR 50 YEARS: AZRB has been awarded a RM1.55 Billion EKVE contract to build highway from Gombak to Kajang. And followed by a 50 years concession. (SILK Has only 33 years for Kajang Toll.)
Question: Can AZRB really make good profit and generate good cash flow the moment this highway is completed and commissioned or will AZRB have the same experience as SILK in making losses which impact on its future cashflow. How much will be the incremental EPS?
5) QUARRY IN TRENGGANU is already in the price. What and where will be the additional earnings kicker from the quarry biz? How much will be the incremental EPS?
6) LAND BANKING in Kuantan, Bentong: How will these contribute to additional earnings kicker to AZRB future profits
7) GREATER KL MRT": AZRB with IJM has been awarded the Sungai Buloh - Kajang MRT for a RM1.7 billion project. How much will be the incremental EPS?
8)UNDERVALUED ASSETS NEVER BEEN REVALUED: What is AZRB plans to turn these assets into future earnings drivers?

Moreover can any former here advise whether AZRB had received the RM 80 million compensation money from the Saudi company?

Sometimes I do wonder on "What are AZRB ADDITIONAL COMPETENCY SKILLSETS besides being a class A Bumi-contractor having good political connections?

Posted by King Kong73 > 2014-08-08 06:32 | Report Abuse

Suntzhe..I also wonder wht is petronas additional competency skill sets apart from being a national oil company run by bumis and having political connection...yr questions can apply to other bumi managed companies with political connection....sime darby...uem sunrise..misc..telekom malaysia....perisai petroleum..sapurakencana..drb hicom...mmc...th engineering..deleum...and so forth

Posted by King Kong73 > 2014-08-08 06:36 | Report Abuse

Not too mention felda also..kulim...soon to be listed ea technique...bank rakyat...bank muamalat...you got political connection is an asset..it is call working asset...

Posted by King Kong73 > 2014-08-08 06:39 | Report Abuse

Richard branson has quoted..if you are given the opportunity and not sure how to do it ...say yes first..and figure out how to do it later...dia pun main political connection...but azrb..will not win tender if they do not have the techniqal requirement to deliver and track record...same goes for all the companies in bursa

Posted by i3i2i1 > 2014-08-08 06:58 | Report Abuse

just lack of volume, chart still healthy! before i put stoploss!

Posted by nordimohd > 2014-08-08 07:39 | Report Abuse

i agree wth Calvin that azrb is type of 100years flood kind of stock it is likely to move up slowly but surely require time (it is not ripple type of stock) that the reason why i sold it last year n move to more or less same fundamental but fast track gadang which is moving more like changing low to high sea level n not 100 years flood n now has dabble it price....went in @83cent n now rm1.86...tp rm3....

Posted by AhMoi > 2014-08-08 08:12 | Report Abuse

Sunztshze ..you have got to change your mindset....

With governmental KPI to meet, nowadays, AZRB has got to deliver Bumi or not, else the relevant government agency will be looking very bad.

With the opposition so strong, nowadays, any missteps by the government of the day will be highlighted to to Rakyat and will make it looks bad.

You have got to distinguish the companies under the proton boss Encik S with the rest of the Bumi companies...

Posted by AhMoi > 2014-08-08 08:14 | Report Abuse

AZRB has got to deliver and it will

AZRB misadventure so far have been its project in the Middle East where the people are ruthless......

Posted by nordimohd > 2014-08-08 08:33 | Report Abuse

wth that 100 years flood type of movement i tend to believe stockists n fund managers are slowly accumulating on any weakness...

....at least i am doing it right now.....keep on monitoring n looking for azrb n mkt weakness.for buying in

Posted by i3i2i1 > 2014-08-08 08:52 | Report Abuse

nordi balik kampung with his duan ketum... ada collect meh?

Posted by sunztzhe > 2014-08-08 08:54 | Report Abuse

Kingkong73, AhMoi, Nordimohd,
I assume all of you are investors in AZRB and knows AZRB biz very well. Would appreciate if any one of you could advise or shed some light on the questions pertaining to incremental contribution of EPS to existing EPS that I had posed in questions 1 to 8 above as it appears that the current market price had run ahead of its fundamental. Thanks.

Posted by sunztzhe > 2014-08-08 09:19 | Report Abuse

Kingkong73, If I can buy PETRONAS I will definitely buy PETRONAS as it has good management, high quality assets that delivers high gross margins. Much as I would like to, unfortunately the margins earned and EPS of AZRB for FY 2013 pales in comparison with PETRONAS. Why are u so bullish on AZRB? What are the additional competent skillsets that you know about AZRB that will deliver better market expected EPS and h gross margins in the future for AZRB?

Posted by nordimohd > 2014-08-08 09:21 | Report Abuse

sunztzhe for sure i don’t have the great details n what i have is just gross total figure including focus until 2020 which is around minimum rm 8bil to rm10bil n could be as high as rm20bil(in this case i am looking at the movement from low sea to high sea level + 100 years type of flood).... u may not agree wth the way i do it but that how i have been doing it for more than 20 years including gadang which i said earlier..infect i been in love too much wth gadang n start buying it in 2013 n still buying until last week n so far i have accumulated 1.2mil units of gadang...

Posted by sunztzhe > 2014-08-08 09:22 | Report Abuse

Kingkong73, If I can buy PETRONAS I will definitely buy PETRONAS as it has good management, high quality assets that delivers high gross margins. Much as I would like to, unfortunately the margins earned and EPS of AZRB for FY 2013 pales in comparison with PETRONAS. Why are u so bullish on AZRB? What are the additional competent skillsets that you know and is confident that AZRB will deliver above market expected EPS and market expected gross margins in 12 months time?

Posted by AhMoi > 2014-08-08 09:30 | Report Abuse

sunzthez



Source : RHB
Stock : AZRB Price Target : 0.96 | Price Call : BUY
Last Price : 0.75 | Upside/Downside : +0.21 (28.00%)



We maintain our BUY call, forecasts and FV of MYR0.96.


Ahmad Zakihas bagged a MYR185m Putrajaya building/road job. We project its net profit to surge 5x between FY13 and FY15, backed largely by improved construction profits and reduced plantation losses. Apart from being a good small-cap proxy to public infrastructure spending, we also like the company for its concession assets and oil palm plantations.

Second key job win in FY14.Ahmad Zaki has secured from Putrajaya Resources SB a MYR185.1m contract for the construction of two office/retail blocks as well as the upgrading of Jalan Alamanda in Precinct 1, Putrajaya. This is the second key contract it has won in FY14, boosting its YTD job wins to MYR483m and its outstanding construction orderbook by 9% to MYR2.2bn (see Figure 1). Assuming an EBIT margin of 5%, the contract would fetch MYR9.3m in EBIT over a 28-month contract period. We are positive on this development.

Forecasts. We maintain our forecasts, as we have assumed contract wins of MYR500m for Ahmad Zaki in FY14.

Risks.These include: i) construction contract wins in FY14-15 falling short of our assumption of MYR500m per annum, and ii) an escalation in input costs.

Maintain BUY. Ahmad Zaki is a good small-cap proxy to public infrastructure spending given its involvement in the construction of the Klang Valley MRT project and various government facilities. Its current outstanding construction orderbook of MYR2.2bn (that can already last for 2-3 years) could surge by more than 70% to MYR3.8bn when the MYR1.55bn East Klang Valley Expressway (EKVE) hits the ground over the immediate term. We also like the company for its stable of concession assets comprising a highly profitable bunkering operation at the Kemaman Supply Base in Terengganu, the International Islamic University of Malaysia (IIUM) Teaching-Hospital which is under construction (26% completed) and the EKVE which is currently under planning. In addition, there is tremendous value in its 21,000-ha oil palm plantations (23% planted) in West Kalimantan, Indonesia.

Our SOP based FV is unchanged at MYR0.96 (see Figure 2).




Source: RHB

Posted by AhMoi > 2014-08-08 09:34 | Report Abuse

AZRB's projects are not really the very challenging types, such as build roads, build buildings...

and the new type, the Langat 2 project, is a JV if you are really looking for comfort

Posted by calvintaneng > 2014-08-08 09:40 | Report Abuse

Good Morning,

An oak tree of over hundred feet tall grew from a tiny acorn.

The Vast Ocean consists of small droplets of water.

UMW grew from selling cars, then to servicing cars, then to Favelle Favco (Off shore Tower Crane) and UMW Oil & Gas.

Growing takes time. The small acorn took many years to grow into an oak tree. For UMW it took less than 10 years.

For Lafarge, CMSB and Tasek Cement. They grew into Blue Chip in about 5 short years. For Takaful it took less than 2 years to Jump from less than RM2 to over RM12.00.

Cement accelerated in growth by Govt ETP & Aided by Housing Boom. And Cement is not the same as steel. Cement sells for RM18 for a 25kg bag, A ton of steel costs over RM2,000.

For Steel China can Dump their Surplus in Malaysia - not cement.

Why not cement?

From production to market cement has a short shelf life of 2 to 3 months. After that cement will harden and drop in quality.

For aggregate cement delivered by Cement Truck (Have you seen Cement Drum Trucks on Highways with Drum Turning While They Drive?)

Inside is Liquid Cement Aggregate (Sand, stone chips & water) Being Churn round and round as it speeds to its construction site. The Shelf Life is Only One Hour.

If the Cement Aggregate arrives from Factory to Construction in more than one hour - The Buyer Can Reject The Order.

So Since China cannot dump cement like they dump steel our Malaysian Cement company thrives to become Blue Chips.

AZRB is Classified As Bumi Class A Contractor. Winning Future Govt Jobs is a given. Toll Road is A Future Cash Cow. Hospital (Health Care) Another Cash Cow. MRT, Langat 2, Putrajaya Govt Office are also Flowing Streams of Cash. The 18,500 Acres of Oil Palm IS NOW MATURING - Cash will Flow by RM44 Millions in Early Years. Later As It Matures It Might Generate Yearly Cash of RM100 Million.

With So Many Multiple Streams of Income A to Z RINGGIT BERHAD Will Be Like

KENYIR LAKE Some Day. Kenyir Dam is fed by Many Streams Flowing into it. So AZRB with SO MUCH CASH FLOWING INTO IT - WILL GROW AND GROW INTO A BLUE CHIP!

Posted by AhMoi > 2014-08-08 09:43 | Report Abuse

KLCI downs 12 points, nordi be careful what you are looking for, if it goes below 1850.... ask yourself... would I be able to run fast enough??

Posted by i3i2i1 > 2014-08-08 09:48 | Report Abuse

wah..gadang in 1 year raised RM1!! more than itself at RM0.75 now about RM1.85

Posted by i3i2i1 > 2014-08-08 09:48 | Report Abuse

AZRB soon RM0.75 to RM1.75 next year!!!

Posted by i3i2i1 > 2014-08-08 09:48 | Report Abuse

agree guys?

Posted by chloe_ts > 2014-08-08 09:54 | Report Abuse

i3i2i1, agreed!! let me do more homework tonight maybe can contribute some idea. today market seems large tomato huhu

Posted by nordimohd > 2014-08-08 09:59 | Report Abuse

hahaha i3i2i1 may be not that fast looo....my exception may be by 2017/18

Posted by sunztzhe > 2014-08-08 10:05 | Report Abuse

AhMoi, Does AZRB earn above market gross margins for all these construction jobs? What are the contractual cum execution risks that impact on its EPS?

Posted by AhMoi > 2014-08-08 10:06 | Report Abuse

16...

Posted by AhMoi > 2014-08-08 10:07 | Report Abuse

going for 1850.... and below

Posted by nordimohd > 2014-08-08 10:08 | Report Abuse

sunztzhe this may give u some details...

http://valueinvestorresearchklse.blogspot.com/search/label/AZRB

Posted by AhMoi > 2014-08-08 10:08 | Report Abuse

pray hard the next support is strong....

else you better sell gadang now

Posted by AhMoi > 2014-08-08 10:09 | Report Abuse

pray hard the next support is strong....

if you are really that negative... you better sell gadang now

Posted by AhMoi > 2014-08-08 10:10 | Report Abuse

of course, this just noise... or may be not....

Posted by AhMoi > 2014-08-08 10:12 | Report Abuse

key in to sell gadang NOW..... can thank me later, it is alright

Posted by sunztzhe > 2014-08-08 10:12 | Report Abuse

nordimohd,
Thanks but I have a question. What is the incremental Earnings per share contribution from the Langat project? How long will this project last? Thanks.

Posted by nordimohd > 2014-08-08 10:20 | Report Abuse

hahaha AnMoi just now bought some more gadang @rm1.81....
n i promise yesterday I wont tell the horror story anymore to scare anybody...

Posted by AhMoi > 2014-08-08 10:27 | Report Abuse

are you sure, absolutely sure that is a good idea???

a correct is for 10%, how many % has KLCI dropped so far???

Posted by nordimohd > 2014-08-08 10:31 | Report Abuse

sunztzhe,
hope this may help u a little bit more on Langat2 (including future potential on phase 2)

http://eresearch.bursamalaysia.com/download.aspx?id=15392&type=research