Dear Friends,
I have bought this A to Z Ringgit Bhd Stock for several rounds through the decade
See https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2019-02-15-story-h1457041189-AZRB_A_to_Z_RINGGIT_BERHAD_Reposting_from_May_2018_Article_Calvin_Tan_R.jsp
As the name implies A to Z Ringgit Bhd - Ahmad Zaki has all encompassing businesses of
Oil & Gas through its Marine Oil supply in Tok Bali (Kelantan) & Kemaman in Pahang
Palm Oil Plantations in Indonesia
Engineering & Construction Works
Rm600 Millions Teaching Hospital Concessions
Toll Road
Property Development along ECRL route
And many more. You name it. A to Z Bhd got it
Above all AZRB is Bumi Class A Contractor
So all parties be they PN, BN, PKR, BERSATU, AMANAH, PAS or Others should be very ok
Although AZRB won projects during BN Reign It was also the 1St Bumi Contractor to be awarded Job by PKR Govt
See
1) AZRB is one of those Rare CLASS 1 BUMI CONRACTORS.
So it will get projects based on its own merit in the new PH Government. And it should do well.
2) AZRB IS THE FIRST CONTRACTOR TO SECURE FRESH PROJECT IN THE NEW PH GOVERNMENT
See
OTHERS CONSTRUCTION OF JALAN HANG JEBAT, JALAN STADIUM (VICTORIA INSTITUTIONS) AND CHINWOO TUNNELS, ELEVATED U-TURN AND FLYOVER, GALLOWAY PEDESTRIAN BRIDGE, RELOCATION OF EXISTING UTILITIES, UPGRADING AND IMPROVEMENT OF SURFACE ROAD AND ASSOCIATED WORKS, MUKIM BANDAR KUALA LUMPUR, DAERAH KUALA LUMPUR, WILAYAH PERSEKUTUAN FOR PNB MERDEKA VENTURES SDN BHD - LETTER OF ACCEPTANCE
AHMAD ZAKI RESOURCES BERHAD The Board of Directors of Ahmad Zaki Resources Berhad (“AZRB” or “the Company”) is pleased to announce that its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd had on 16 May 2018,(NOTE DATE OF JOB AWARD IS 16TH MAY 2018 AFTER THE MAY 9TH ELECTION; SO THIS AWARD IS IN PH BRAND NEW ERA) received and accepted a Letter of Acceptance from PNB Merdeka Ventures Sdn Bhd (“the Award”) for a project known as “Construction of Jalan Hang Jebat, Jalan Stadium (Victoria Institutions) and Chinwoo Tunnels, Elevated U-Turn and Flyover, Galloway Pedestrian Bridge, Relocation of Existing Utilities, Upgrading and Improvement of Surface Road and Associated Works, Mukim Bandar Kuala Lumpur, Daerah Kuala Lumpur, Wilayah Persekutuan” (“the Contract Works”). The Award for the Contract Works amounted to a total value of RM197,961,918.51 excluding GST. The Contract Works shall commence on 21 May 2018 and is to be completed within 883 calendar days from commencement date. The Contract Works is expected to contribute positively to the Group’s future earnings. |
Politics aside let us look at AZRB Fundamental Strength on Its Own Merit
That is FA ( AZRB qualifies as an FA Stock)
At 32 sen with NTA of 57 sen AZRB is selling at 44% discount to Net Asset Value (meeting Benjamin Graham's 30% margin of safety)
What about TA? Yes! An FA stock will remain value trap unless there are CATALYSTS to Unlock Its Deep Value
And AZRB whose time has come got Many Catalysts as we shall see
First look at its latest quarter result
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Dec 2020
|
31 Dec 2019
|
31 Dec 2020
|
31 Dec 2019
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
240,568
|
283,054
|
421,356
|
543,664
|
2 | Profit/(loss) before tax |
26,191
|
-39,721
|
-18,356
|
-37,393
|
3 | Profit/(loss) for the period |
23,520
|
-39,992
|
-24,061
|
-38,709
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
23,441
|
-42,112
|
-21,422
|
-39,052
|
5 | Basic earnings/(loss) per share (Subunit) |
3.92
|
-7.04
|
-3.58
|
-6.53
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.5700
|
0.5900
|
From a loss of -7.04 sen AZRB has turned around with a very positive 3.92 sen profit
Forward 4 qtrs will be
3.92 x 4 = 15.68 sen
If we give it a P/E 10 it will be Rm1.56
What about P/E 5?
78.4 sen
What is the current P/E at 32 sen (today closing price 16 March 2021)
Divides 32 sen by 15.68 = 2.04 P?E
AZRB selling for slightly more than 2 Times Earnings?
That is Value!
What else? Are these earnings sustainable?
For that we go into the Qtr reports of AZRB (please read up yourselves)
Read again
AZRB has 18,500 acres of Oil Palm lands in Indonesia. Bought in year 2005 for only RM449
an acre The losses from Oil Palm cultivation is bearing fruit now as
trees are fruiting. Ha! AZRB's Oil Palm fruit can easily make RM449 an
acre per month. THE PROFIT POTENTIAL IS IMMENSE HERE!
THIS IS THE ANSWER!
AND CPO NOW OVER RM4,000 PER ACRE !
Some more
as well as the improved profitability of the Concession Division.
YES! Rm600 MILLIONS CONCESSION FROM TEACHING SCHOOL IS LONG TERM CASH COW
BRIGHT FUTURE PROSPECTS
SEE
DATO SRI WAN ZAKARIAH BIN HAJI WAN MUDA | 11-Mar-2021 | Acquired | 9,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 25-Jan-2021 | Acquired | 100,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 21-Jan-2021 | Acquired | 100,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 07-Jan-2021 | Acquired | 300,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 05-Jan-2021 | Acquired | 300,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 15-Dec-2020 | Acquired | 100,000 | - | |
DATO' W ZULKIFLI BIN HAJI W MUDA | 09-Dec-2020 | Acquired | 70,000 | - | |
DATO' W ZULKIFLI BIN HAJI W MUDA | 08-Dec-2020 | Acquired | 530,000 |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 01-Dec-2020 | Acquired | 300,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 26-Oct-2020 | Acquired | 100,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 22-Oct-2020 | Acquired | 100,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 19-Oct-2020 | Acquired | 100,000 | - | |
TAN SRI DATO' LAU YIN PIN @ LAU YEN BENG | 16-Oct-2020 | Acquired | 100,000 | - | |
DATO W ZULKIFLI BIN HAJI W MUDA | 25-Aug-2020 | Acquired | 165,600 | - | |
DATO W ZULKIFLI BIN HAJI W MUDA | 24-Aug-2020 | Acquired | 399,300 | - | |
DATO W ZULKIFLI BIN HAJI W MUDA | 21-Aug-2020 | Acquired | 16,000 | - | |
DATO W ZULKIFLI BIN HAJI W MUDA | 19-Aug-2020 | Acquired | 419,100 |
So here we know all through the months INSIDERS HAVE BEEN BUYING AND BUYING THIS MOST UNDERVALUE SHARE
Calvin also noticed Insider buying Scomi before price exploded up today
See from Scomi forum site in i3
ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 10-Mar-2021 | Acquired | 366,500 | 0.035 | |
ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 09-Mar-2021 | Acquired | 1,000,000 | 0.035 | |
ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 08-Mar-2021 | Acquired | 500,000 | 0.040 | |
ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 05-Mar-2021 | Acquired | 57,800 | 0.035 | |
ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 15-Dec-2020 | Acquired | 1,968,600 | 0.035 | |
ENCIK SHAH HAKIM @ SHAHZANIM BIN ZAIN | 02-Dec-2020 | Acquired | 3,000,000 | 0.040 |
Now why today Scomi in Top Volume & up 285%?
I really don't know
Scomi still owe Scomi Energy monies.
Since I not sure about Scomi. No comments
BUT THE BUYING OF AZRB BY INSIDERS SHOW VERY DEEP LONG LASTING VALUE OF AZRB
AZRB WILL HAVE A VERY LONG BRIGHT FUTURE WHEN EAST COAST RAIL (ECRL ) IS IN PROGRESS AND TO ITS COMPLETION
AZRB HAS ASSETS ALL ALONG ECRL ROUTE, QUARRY IN TRENGGANU AND ABOVE ALL ITS TWO PORTS IN TOK BALI KEMAMAN
RIGHT NOW AZRB IS SELLING MARINE FUEL TO OIL AND GAS VESSELS OF BOTH TOK BALI & KEMAMAN PORTS
AND WHEN ECRL IS READY MANY SHIPS WILL UNLOAD GOODS FROM CHINA, JAPAN, KOREA & OTHERS ON ITS TOK BALI & KEMAMAN PORTS BEFORE TRANSPORTING THEM BY THE TRANS KELANTAN - PORT KLANG TRAN ROUTE
SO AZRB HAS CREATED SYSTEMS TO COLLECT WEALTH
TEACHING HOSPITAL CONCESSION
See
TOLL ROAD
PLANTATION NOW FRUITING IN KALIMANTAN
AND MANY OTHER WORKS OF DISTINCTION
AZRB NOW 32 SEN
SHORT TERM TARGET PRICE IS 75 SEN (P/E 5)
SEE WHEN AZRB WILL ARRIVE THERE
(A WORD OF CAUTION: CALVIN HATES PUMP AND DUMP SYNDICATES. SO PLEASE KINDLY STAY AWAY. LET TRUE INVESTOR BUY QUIETLY. THANK YOU VERY MUCH)
WARM REGARDS
Calvin Tan Research
Jurong West , Singapore
Please buy or sell after doing your own due diligence. In doubt please consult your Remisier or Fund Manager
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2021-03-16-story-h1542839021-AZRB_7078_AHMAD_ZAKI_RESOURCES_BHD_Why_this_is_a_very_undervalue_Stock_.jsp