AZRB managing director Datuk Wan Zakariah Muda told a press conference after the group's annual general meeting that it obtained Selangor government's approval for the RM1.55 billion project, after going through a stringent process that included numerous engagement with stakeholders.
The company is required to abide by a list of conditions, he said, adding it will make sure that its subcontractors and suppliers do not violate any of the conditions.
The RM 4.3b of orders in hand is enough to keep AZRB busy for 4 years. The company is currently competing for various projects worth RM2.5 -3b including DASH and SUKE highway projects.
The company have just completed the constructipn of UIA hospital and will continue to enjoy a 21 and half years of concession income (maybe not such a precise translation) of the completed facility, beginning from 9 May 2016. Other ongoing project is MRT V6 project, which is expected to be completed later this year.The company has also successfully grabbed the MRT2 project. Meanwhile Kwansa housing project with a developmental value of RM180m will also be launched this year.There are also some RM200m worth of housing project in Trengganu.
The company thinks the market for affordable housing is still good.
Despite weakness in OnG sector, the concession income from Tok Bali has been on up trend since Dec 2015
According to a poll conducted,83% of respondents approved of EKVE project.The compnay has in last year obtained conditional approval to construct EKVE,
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Investeye
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Posted by Investeye > 2016-05-30 15:40 | Report Abuse
Getting attactive as below rm0.69, expect AZRB will perform better for this q and coming q.