This is an example of a stupid counter. Contracts keep coming but stock keeps going down. No wonder its one of those very unpopular stocks with low volume. Pity to the holders..
Believe it or not, construction is the current and future drive for our country economy, gov is involving to boost the industry as we can see those LRT1,2,3 MRT line HSR-My/Sg, Pan Borneo projects>>>
The recent QR is better than the previous 3 quarters. Me opine the current consolidation is healthy for accumulation before trending up again amid improving performance.. hmm..
Opportunity to accumulate .. as the property business and plantation should be better for AZRB compare with previous q..
Below is the prospect from previous q: The Group’s Construction Division remaining order book balance as at the date of this 2nd Quarter Report stands at RM4.357 billion. We are positive on our prospects of adding to and enhancing the order book. Therefore, the Construction Division is confident to give continued strong performance in future quarters.
The Oil and Gas Division expects to remain steady despite the continuing prolongation of weak global oil prices and sentiments. The division also expects increasing contribution from its operations at Tok Bali Supply Base as the port continues to develop and mature.
The Plantation Division expects yields of Fresh Fruit Bunches (FFB) to continually improve, thereby generating higher revenue going forward. The division also expects to improve its overall contribution to the Group through increasing yields and stringent cost controls being implemented. The division has also commenced construction on its maiden palm oil mill which would greatly help the division in delivering desired results to the Group beginning next year.
The Property Division is currently planning and embarking on several residential development projects for launch in 2016 and 2017. Upon the successful launches of these projects, the Property Division will be expected to contribute positively to the Group. As at the date of this report, the division has development projects with an estimated Gross Development Value (GDV) of RM1.4 billion. The facilities management business under the Property Division has started to contribute a steady flow of income upon commencement of the asset management services of IIUM Medical Centre during 2nd quarter of 2016
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....
spectre007
1,408 posts
Posted by spectre007 > 2016-06-29 01:31 | Report Abuse
.69 anytime