Bursa Alert
Global Market
NewsHot Stock AZRB rises 2.44% after bagging RM386.65m mixed development project
Page 1 of 1
Hot Stock AZRB rises 2.44% after bagging RM386.65m mixed development project
by Cals Sat 19 Sep 2015, 02:06
- Hot Stock
[size=28]AZRB rises 2.44% after bagging RM386.65m mixed development project
By Surin Murugiah / theedgemarkets.com | September 18, 2015 : 9:33 AM MYTKUALA LUMPUR (Sept 18): Shares of Ahmad Zaki Resources Bhd (AZRB) ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 0.60) rose in early trade today after it bagged a mixed development project worth RM386.65 million.
At 9.13am, AZRB rose 2.44% or 1.5 sen to 63 sen with 102,500 shares done.
In a filing yesterday, the company said its unit, Ahmad Zaki Sdn Bhd, had received a letter of acceptance of tender from Uda Legasi Sdn Bhd for the development at Kampung Bharu, Kuala Lumpur.
It said the development comprised one block of 47-storey apartment building with 639 units of apartments, one block of 29-storey commercial office building, as well as one level of basement parking.
AZRB said the contract was for a period of 40 months from the date of site possession.
It said the contract was expected to contribute positively to its earnings from the financial year ending Dec 31, 2015 onwards.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Hot Stock Suiwah rises 16% on RM300m mixed development plan in Penang
» Hot Stock Iris rises 6.3% after clinching RM622.7m Putrajaya mixed project
» LBS to undertake mixed development project
» Hot Stock Nexgram up 10% on RM1.15b Cyberjaya project development order
» Hot Stock Daiman rises 8.7% on RM1.4b Johor project, stock seen undervalued
» Hot Stock Iris rises 6.3% after clinching RM622.7m Putrajaya mixed project
» LBS to undertake mixed development project
» Hot Stock Nexgram up 10% on RM1.15b Cyberjaya project development order
» Hot Stock Daiman rises 8.7% on RM1.4b Johor project, stock seen undervalued
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum