"The Directors of AZRB are pleased to announce that its wholly-owned subsidiary, Inter-Century Sdn Bhd (“ICSB”) has on 3 January 2019 entered into a new Agreement for ICSB to continue providing marine high speed diesel bunkering services to all Petronas Dagangan Berhad’s customers’ vessels at the Port of Kemaman in Terengganu Darul Iman. The Agreement will be effective for a period of five (5) years commencing from 1 January 2019 until 31 December 2023."
This stock is severely undervalued. It has suffered forex loss in past 5 quarters due to Indonesian Rupiah depreciated against USD. However, the trend has reversed in Q4CY18. This means AZRB will see forex gain in coming Q4FY18 earnings.
If exclude the forex loss, the past several quarters' EPS is >2sen per quarter. Market has overlooked its earnings power because it was blurred by huge forex loss. It is selling at 35sen per share now. The PE multiple is <5x for a reputable construction and concessionaire. No wonder the major shareholder has been buying.
AZRB will certainly report fantastic earnings result and huge improvement QoQ and YoY by end Feb'19. By that time, it will be too late to buy. Mark my words.
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....
rioy707
69 posts
Posted by rioy707 > 2019-01-03 16:37 | Report Abuse
eh suddenly up so lucky those who bought .295 in the morning........ what is the catalyst ?????