The stock price may not drop to RM 0.13. Nobody knows it... Even if the stock price drops to RM 0.13, the stock price is likely to be higher in 30 days than the current price, so it does not matter much if you buy the stock at 0.13 or 0.14.
Will floating at 0.13-0.16 for 9 months then only rebound. If after 9 months still no rebound, then have to wait2-3years later whereby until success complete their project.
Anzo’s wholly-owned subsidiary Harvest Court Construction S/B was appointed as the main contractor for the work of revitalization of Hot Spring, Selayang, Batu Caves, Selangor. The project, which is worth MYR10.2m, is expected to be completed by 9 Jan 2019. Note that this is a related party transaction.
With this job win, the group has secured MYR119m worth of jobs YTD, which is equivalent to 9.6x FY3/17 revenue. In May, the group was also appointed as the main contractor for Phase 2 of the Porto De Melaka Hotel and Resort development (contract value: MYR109.3m).
It appears that Anzo is aggressively building up its pipeline. Recently, it has entered into a collaboration agreement (CA) to develop a 2.87 acres land at Petaling Jaya into a car showroom center with four blocks of office tower. It also entered into another CA to develop an e-commerce fulfilment hub. In Apr, the group also received a letter of intent from KL Northgate for the development of Paragon@KL Northgate which has an estimated contract value of MYR1.2b.
With a construction order book of MYR311.3m, the CAs and LOI mentioned above, Anzo is set to build a stronger footing for FY3/18. Note that the group has finally returned to black in 4QFY3/17 after 16 consecutive quarters of losses.
Valuation wise, the stock is trading at 1.8x P/BV, higher than its 3-year historical average P/BV of 1.4x. Note that warrants are not included in BV/sh computation as they are out-of-the-money. Despite the rich valuation, interest on the stock should improve going forward as Anzo is poised for a turnaround. 14/06/2017
On July 2013 Anzo gained funding through rights issue. The subscription price was RM 0.25. The entitlement date was 30 July 2013. The stock price was RM 0.23 on 3 September 2013.
Now the stock price is RM 0.14 with recent many good announcements and the last good QR. The subscription price was RM 0.20. The stock is too oversold. The stock price should at least RM 0.20.
Tecpower , u promote this counter everyday , got what project lah this n That , u not tired ? Make it simple , i buy u follow , i not buy the price wont up . U believe ?
Anzion, might " plan your exit " while rebounding ... expecting market are comfort by today's Oil prices climb to 2-week highs as U.S. crude output falls and USA Tech showing strong foothold .
( Support ) (S 1) = 0.130 ( cut lost immediately, if 0.130 doesnt hold ) (S 2) = 0.110
eh whatever happen to ALVIN222 ha?? stil alive or not. i remember he said must die2 buy Anzo at 0.36 cents woahh. must giv Award to him - Worst Call perhaps?? kikiki
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....
Ryotan11
592 posts
Posted by Ryotan11 > 2017-06-29 22:05 | Report Abuse
after it drop to 0.13 ...then buy it ,im sure next year can bounce to 0.20-0.30