Baby CARIMIN Up 100%, Taiko Dayang up 60%, Naim also Up 60%. NOW AZRB WILL POWER UP!!

February 13, 2019 By Calvin Tan Smart Investment

Hi guys,

By now It looks like Oil & Gas Theme Play Is Accelerating Upward in A Most Powerful Uptrend!

Why is it so?

The Answer is in PENGERANG’S PETRONAS RAPID IN JV WITH SAUDI ARAMCO

A Mammoth USD28 BILLIONS Project more than  RM100 BILLIONS Already Committed, Completed & Commensing Now!

If we take just 5% interest payment it will be A Whopping Rm5 BILLIONS Per Year.

How to find that RM5 BILLIONS (not including maintainence, upkeep & man power)?

 

IT WILL BE A HUGE CHALLENGE OF RM50 BILLIONS TO RM100 BILLIONS GROSS REVENUE

SO RAPID WILL REFINE 300,000 BARRELS OF CRUDE OIL DAILY

Saudi has committed to supply 150,000 barrels. Petronas will provide the other 150,000 barrels a day which transles to about 54.7 MILLION BARRELS OF OIL A YEAR

 

NOW WHERE TO FIND THIS HUGE SHORTFALL OF ALMOST 55 MILLION BARRELS OF CRUDE OIL?

 

 

Country Oil Production
(bbl/day)[1]		 Oil Production per capita
(bbl/day/ million people)[5]
– World Production 80,622,000 10,798
01  United States[6] 11,700,000 35,922
02  Russia 11,200,000 73,292
03  Saudi Arabia (OPEC) 10,460,710 324,866
04  Iraq (OPEC) 4,451,516 119,664
05  Iran (OPEC) 3,990,956 49,714
06  China 3,980,650 2,836
07  Canada 3,662,694 100,931
08  United Arab Emirates (OPEC) 3,106,077 335,103
09  Kuwait (OPEC) 2,923,825 721,575
10  Brazil 2,515,459 12,113
11  Venezuela (OPEC) 2,276,967 69,914
12  Mexico 2,186,877 17,142
13  Nigeria (OPEC) 1,999,885 10,752
14  Angola (OPEC) 1,769,615 61,417
15  Norway 1,647,975 313,661
16  Kazakhstan 1,595,199 88,686
17  Qatar 1,622,902 592,799
18  Algeria (OPEC) 1,348,361 33,205
19  Oman 1,006,841 217,178
20  Libya (OPEC) 1,003,000 159,383
21  Scotland 939,760 14,284
22  Colombia 897,784 18,452
22  Indonesia 833,667 3,192
23  Azerbaijan 833,538 85,710
24  India 734,180 554
25  Malaysia 661,240 21,202
26  Ecuador (OPEC) 548,421 33,470
27  Argentina 510,560 11,644
28  Romania 504,000 25,469
29  Egypt 494,325 5,166
31  Congo, Republic of the (OPEC) 308,363 60,168
32  Vietnam 301,850 3,194
33  Australia 289,749 12,010
34  Thailand 257,525 3,667
35  Sudan and  South Sudan 255,000 4,932
36  Turkmenistan 230,779 40,759
37  Equatorial Guinea (OPEC) 227,000 125,068
38  Gabon (OPEC) 210,820 106,528
39  Denmark 140,637 24,369
40  Chad 110,156 7,393
41  Brunei 109,117 257,959
42  Ghana 100,549 3,564
43  Cameroon 93,205 3,983
44  Pakistan 84,746 438
45  Italy 70,675 1,189
46  Timor-Leste 60,661 47,839
47  Trinidad and Tobago 60,090 44,054
48  Bolivia 58,077 5,334
49  Papua New Guinea 56,667 7,013
50  Uzbekistan 52,913 1,682
51.5  Bahrain 50,000 35,087
51.5  Cuba 50,000 4,357
53  Turkey 49,497 622
54  Tunisia 48,757 4,275
55  Germany 46,839 571
56  Peru 40,266 1,267
57  New Zealand 35,574 7,633
58  Ukraine 31,989 720
59.5  Ivory Coast 30,000 1,265
59.5  Syria 30,000 1,627
61  Belarus 25,000 2,637
62  Mongolia 23,426 7,739
63  Albania 22,915 7,901
64  Yemen 22,000 797
65  Poland 20,104 525
67  Congo, Democratic Republic of the 20,000 254
67  Philippines 20,000 193
67  Serbia 20,000 2,272
69  Netherlands 18,087 1,070
70  Suriname 17,000 30,465
71  France 16,418 253
72  Austria 15,161 1,742
73  Myanmar 15,000 284
74  Hungary 13,833 1,426
75  Croatia 13,582 3,223
76  Niger 13,000 631
77  Guatemala 8,977 544
78  Mauritania 5,000 1,162
79  Chile 4,423 247
80  Bangladesh 4,189 25
81  Japan 3,918 30
82  Greece 3,172 285
83  Spain 2,667 57
84  Czech Republic 2,333 220
86  Belize 2,000 5,464
86  Lithuania 2,000 689
86  South Africa 2,000 35
89  Barbados 1,000 3,521
89  Bulgaria 1,000 140
89  Kyrgyzstan 1,000 169
91  Georgia 400 102
92  Israel 390 47
93  Slovakia 200 37
94  Taiwan 196 8
95  Tajikistan 180 20
96  Morocco 160 4
97  Jordan 22 2
98  Slovenia 5 2

 

Above chart shows Malaysia Crude Oil production is 661,240 barrels a day which is about 241.3 Million Barrels a year

And Consumption?

See chart below

 

 

Rank Country/Region Oil consumption
(bbl/day)		 Year
– World 99,558,000 2018
1  United States 19,880,000 2017
–  European Union 15,000,000[4] 2017
2  China 13,226,000 2017
3  India 4,690,000 2017
4  Japan 3,988,000 2017
5  Saudi Arabia 3,918,000 2017
6  Russia 3,224,000 2017
7  Brazil 3,017,000 2017
8  South Korea 2,796,000 2017
9  Germany 2,447,000 2017
10  Canada 2,428,000 2017
11  Iran 1,947,000 2015
12  Mexico 1,926,000 2015
13  France 1,606,000 2015
14  Indonesia 1,628,000 2015
15  United Kingdom 1,559,000 2015
16  Thailand 1,344,100 2015
17  Singapore 1,339,000 2015
18  Italy 1,262,000 2015
19  Spain 1,226,000 2015
20  Taiwan 1,031,100 2015
21  Australia 1,006,000 2015
22  Netherlands 835,000 2015
22  Turkey 835,000 2015
24  Malaysia 831,000 2015
25  Egypt 824,000 2015
26  Iraq 818,000 2011 est.
27  Argentina 678,100 2011 est.
28  Belgium 644,400 2011 est.
29  South Africa 590,900 2011 est.
30  Poland 576,600 2011 est.
31  United Arab Emirates 572,100 2011 est.
32  Venezuela 571,000 2011 est.
33  Pakistan 426,700 2011 est.
34  Greece 343,400 2011 est.
35  Kuwait 339,000 2011 est.
36  Hong Kong 333,900 2013 est.
37  Chile 321,700 2011 est.
38  Ukraine 320,600 2011 est.
39  Algeria 316,400 2011 est.
40  Sweden 316,000 2011 est.
41  Philippines 315,600 2011 est.
42  Libya 314,000 2011 est.
43  Colombia 287,000 2011 est.
44  Ecuador 280,000 2012 est.
45  Nigeria 271,600 2011 est.
46  Portugal 259,900 2012 est.
47  Vietnam 259,700 2011 est.
48  Syria 258,800 2011 est.
49   Switzerland 258,200 2011 est.
50  Norway 255,200 2011 est.
51  Israel 247,000 2017
52  Kazakhstan 244,200 2011 est.
53  Romania 238,400 2011 est.
54  Austria 210,700 2011 est.
55  Peru 206,900 2012 est.
56  Morocco 204,800 2011 est.
57  Finland 203,600 2011 est.
58  Czech Republic 199,000 2011 est.
59  Belarus 189,700 2012 est.
60  Qatar 188,800 2011 est.
61  Azerbaijan 177,000 2011 est.
62  Yemen 168,000 2011 est.
63  Denmark 160,200 2011 est.
64  Puerto Rico 151,600 2011 est.
65  Cuba 150,200 2011 est.
66  New Zealand 148,900 2011 est.
67  Turkmenistan 145,000 2011 est.
68  Ireland 144,000 2011 est.
69  Hungary 141,100 2011 est.
70  Uzbekistan 137,100 2011 est.
71  Dominican Republic 122,300 2011 est.
72  Bulgaria 112,700 2011 est.
73  Bangladesh 108,900 2011 est.
74  Jordan 107,000 2011 est.
75  Lebanon 106,700 2011 est.
76  U.S. Virgin Islands 106,100 2011 est.
77  Oman 98,890 2011 est.
78  Panama 98,000 2011 est.
79  Sudan 95,450 2011 est.
80  Sri Lanka 89,620 2011 est.
81  Tunisia 88,380 2011 est.
82  Guatemala 83,910 2011 est.
83  Slovakia 80,810 2011 est.
84  Angola 79,430 2011 est.
85  Kenya 79,410 2011 est.
86  Croatia 78,520 2011 est.
87  Jamaica 74,410 2012 est.
88  Serbia 72,770 2013 est.
89  Curacao 72,000 2010 est.
90  Lithuania 70,390 2011 est.
91  Ghana 61,590 2011 est.
92  Luxembourg 61,380 2011 est.
93  Cyprus 58,430 2011 est.
94  Honduras 58,150 2011 est.
95  Bolivia 55,560 2013 est.
96  Slovenia 52,930 2011 est.
97  Bahrain 51,450 2012 est.
98  Uruguay 51,100 2011 est.
99  Costa Rica 50,200 2011 est.
100  Ethiopia 49,080 2011 est.
101  Armenia 45,300 2011 est.
102  El Salvador 44,040 2011 est.
103  Tanzania 43,310 2011 est.
104  Trinidad and Tobago 41,000 2011 est.
105  Myanmar 40,620 2011 est.
106  Senegal 40,600 2011 est.
107  Cambodia 39,350 2011 est.
108  Albania 38,390 2011 est.
109  Papua New Guinea 36,320 2011 est.
110  Bahamas 36,300 2011 est.
111  Latvia 31,340 2011 est.
112  Nicaragua 30,690 2011 est.
113  Cameroon 29,410 2011 est.
114  West Bank 29,310 2011 est.
115  Benin 29,170 2011 est.
116  Togo 28,670 2011 est.
117  Bosnia and Herzegovina 27,540 2011 est.
118  Paraguay 26,820 2011 est.
119  Estonia 26,340 2011 est.
120  Gibraltar 24,920 2011 est.
121  Mauritius 24,710 2011 est.
122  Côte d’Ivoire 24,630 2011 est.
123  Mongolia 22,990 2011 est.
124  Namibia 21,610 2011 est.
125  Iceland 20,770 2011 est.
126  Mozambique 20,090 2013 est.
127  Tajikistan 19,580 2011 est.
128  Malta 19,520 2011 est.
129  Zambia 19,260 2011 est.
130  Zimbabwe 19,030 2011 est.
131    Nepal 18,430 2011 est.
132  Mauritania 18,120 2011 est.
133  Fiji 17,810 2011 est.
134  Macedonia 17,490 2011 est.
135  Madagascar 17,480 2011 est.
136  Georgia 17,280 2011 est.
137  Uganda 16,930 2011 est.
138  Kyrgyzstan 16,640 2011 est.
139  Gabon 15,800 2011 est.
140  Botswana 15,420 2011 est.
141  Moldova 15,320 2012 est.
142  North Korea 15,000 2012 est.
143  Brunei 14,640 2011 est.
144  Guam 14,490 2011 est.
145  Suriname 14,100 2011 est.
146  Haiti 14,000 2011 est.
147  New Caledonia 13,640 2011 est.
148  Djibouti 12,460 2011 est.
149  Malawi 12,060 2011 est.
150  Guyana 10,910 2011 est.
151  Republic of the Congo 10,710 2011 est.
152  Democratic Republic of the Congo 10,240 2011 est.
153  Burkina Faso 9,960 2011 est.
154  Sierra Leone 8,768 2011 est.
155  Guinea 8,671 2011 est.
156  Barbados 8,339 2011 est.
157  French Polynesia 8,000 2011 est.
158  Seychelles 7,793 2011 est.
159  Macau 7,376 2013 est.
160  Belize 7,044 2011 est.
161  Maldives 6,875 2011 est.
162  Aruba 5,661 2011 est.
163  Somalia 5,659 2011 est.
164  Niger 5,629 2011 est.
165  Rwanda 5,245 2011 est.
166  American Samoa 5,115 2011 est.
167  Antigua and Barbuda 5,000 2011 est.
168  Mali 4,994 2011 est.
169  Faroe Islands 4,871 2011 est.
170  Swaziland 4,567 2011 est.
171  Eritrea 4,480 2011 est.
172  Montenegro 4,446 2011 est.
173  Afghanistan 4,229 2011 est.
174  Greenland (Denmark) 3,897 2011 est.
175  Liberia 3,533 2011 est.
176  Laos 3,391 2011 est.
177  Gambia 3,181 2011 est.
178  Central African Republic 3,175 2011 est.
179  Cayman Islands 3,141 2011 est.
180  Guinea-Bissau 2,922 2011 est.
181  Saint Lucia 2,922 2011 est.
182  Grenada 2,803 2011 est.
183  Timor-Leste 2,755 2011 est.
184  Bermuda 2,747 2012 est.
185  Cabo Verde 2,608 2011 est.
186  Burundi 2,290 2011 est.
187  Western Sahara 1,948 2011 est.
188  Saint Vincent and the Grenadines 1,948 2011 est.
189  Chad 1,817 2011 est.
190  Lesotho 1,777 2011 est.
191  Solomon Islands 1,728 2011 est.
192  Bhutan 1,719 2011 est.
193  Equatorial Guinea 1,588 2011 est.
194  Saint Kitts and Nevis 1,496 2011 est.
195  Tonga 1,221 2011 est.
196  Vanuatu 1,170 2011 est.
197  Samoa 1,070 2011 est.
198  Comoros 1,025 2011 est.
199  Nauru 1,000 2011 est.
200  Montserrat 1,000 2011 est.
201  British Virgin Islands 1,000 2011 est.
202  Turks and Caicos Islands 999 2011 est.
203  Cook Islands 974 2011 est.
204  Saint Pierre and Miquelon 974 2011 est.
205  Dominica 918 2011 est.
206  Sao Tome and Principe 904 2011 est.
207  Falkland Islands 300 2011 est.
208  Kiribati 300 2011 est.
209  Saint Helena 100 2011 est.

 

From Chart No. 1 you can see that Malaysia 661,240 barrels of oil a day at Top 25th position

661,240 barrels a day means 241.3 Million barrels a year

That’s how much Oil Malaysia produces

 

Now we consume 831,000 barrels a day which is 303.3 Million Barrels a year

 

So we consume 62 Million barrels of oil per year.

Now the question is

HOW IS IT POSSIBLE THAT MALAYSIA IS MAKING MONIES BY SELLING SELL IF SHE CONSUMES MORE THAT SHE PRODUCES?

The ANSWER is THIS:

 

1) Malaysia produce the sweet crude called Brent which is priced around USD60 per barrel now. And Malaysia exports this to 1st world nation. because it contains less sulphur.

And Malaysia buys the “sour crude” now around USD$50 for its own consumption. So there is a 20% gain

2) Malaysia also produce about 80 billion cubit meter of Natural Gas and only consume about 43 billion cubit of natural gas a year

SO THERE IS A SURPLUS OF 37 BILLION CUBIT OF NATURAL GAS WHICH MALAYSIA EXPORTS TO JAPAN AND OTHER COUNTRIES

That’s how PETRONAS MAKES ITS MONEY

Now we already got a small shortfall of 62 million barrels of crude per year. This shortfall has been mitigated by the use of Natural Gas.

BUT PETRONAS NEED ANOTHER  55 MILLION BARRELS OF CRUDE OIL FOR ITS REFINERY IN RAPID

That is a High Calling

 

THAT IS WHY PETRONAS HAS BEEN RAMPING UP JOB AWARDS TO MANY O&G SERVICE PROVIDERS

This New Surge of Job Awards are already thrown up by the exccedingly good results of Carimin, Dayang & Naim

This will soon be followed by all other Oil entities in Malaysia

 

SO THE POWRRFUL BULL RUN IN O^G COUNTERS IS NOW A GIVEN

 

BIG QUESTION IS

 

WHICH ARE THE O&G COUNTERS THAT WILL BENEFIT THE MOSTEST

Can we find the Ones with the Best Prospects yet with High Defensive Qualities

(THE PAST LEAN YEARS WHEN OIL WAS USD$30 PER BARREL HAVE CAUSED MANY TO BE INSOLVENT AND SOME TEETHERING ON BANKRUPTCY) THOSE THAT SURVIVED WILL HAVE LESS COMPETITION

 

LAST TIME ALL THESE NEED PETRONAS. NOW IS PETRONAS’ TURN IN NEED OF THEM

PETRONAS WILL NEED THE SUPPORT OF EVERY O&G ENTITIES TO GET THAT 55 MILLION BARRELS OF CRUDE OIIL – AT SO CRUCIAL A TIME LIKE NOW

 

THE FORTUNES OF MALAYSIA DEPENDS ON REVENUE FROM PETRONAS

Now baby Carimin is up. Taiko Dayang also up. And Naim pulled up by Dayang

My Next Chun Chun Buy Call is AZRB (7078)

Why AZRB?

These are the Top Reasns

1) AT 35 SEN TODAY AND NTA OF 89 SEN AZRB IS SEELING AT A HUGE DISCOUNT OF 60% WHICH PROVIDES A MARGIN OF SAFETY.

2) AT ITS PEAK AFTER AJUSTED FOR CAPITAL EXERCISE AZRB WAS OVER RM1.40. SO NOW IS ALMOST AT 10 YEAR LOW BY 75% DISCOUNT

3) AHMAD ZAKI IS A TOP A CLASS BUMI CONTRACTOR. WINNING PROJECTS ON ITS OWN MERIT AND EXPERTISEFOR MANY YEARS. IT IS ON PAR WITH EVEN MANY TOP CLASS A NON BUMI CONTRACTORS.

4) THIS JANUARY 3RD 2019 PETRONAS HAS REWED AZRB MARINE OIL SUPPLY IN KEMAMAN FOR ANOTHER 5 YEARS FROM 2019 TO 2023. THIS ACCELERATED TIME OF OIL EXTRACTION BOOM TIME WILL ADD IMMENSE BUSINESS TO AZRB

5) FURTHER UP NORTH IN TOK BALI, KELANTAN PETRONAS IS INJECTING RM26 MILLIONS IN JV WITH AZRB TO DEEPEN THE PORT FOR BIGGER VESSELS TO DOCK

SO AZRB WILL SEE VERY BRIGHT PROSPECT GOING FORWARD INTO THIS MOMENTOUS TIME WHEN RAPID IS FIRING UP

6) NOW FROM FEEDBACKS THERE WAS A MAJOR CONCERN. AZRB HAS HIGH DEBT & THE LAST QUARTER PROFIT WAS LACK LUSTER

Refer to Latest Qtr balance sheet

The Total borrowings of AZRB is about Rm2.5 Billions

 

Now see this is backed by Defensive Assets

PPE Rm326 Millions

Concession Services Rm1.13 Billions

Other Investments Rm559 millions

CASH Rm280 millions

Rm213 Biological Assets Rm213 millions

TOTAL: RM2.508 Billions

AZRB has a Toll Road with Almost One Billion Rm expended. 

EAST KALNG VALLEY EXPRESS WAY COMPLETNG IN YEAR END 2019

The East Klang Valley Expressway, EKVE is a new expressway under construction in Klang Valley, Malaysia. The 39.5-kilometre-long (24.5 mi) expressway will connect Ukay Perdana in Ampang, Selangor and Bandar Sungai Long in Kajang. This expressway is part of the Kuala Lumpur Outer Ring Road (KLORR). The construction of the expressway was started on 1 September 2015.[1] The entire expressway is expected to be completed by 2019.[1] Once completed, the expressway will benefit 140,000 motorists per day.[2]

 

 

And secured a Teaching Hospital Concession for RM600 Millions

 

IIUM signed a Concession Agreement (CA) with Ahmad Zaki Resources Berhad (AZRB) and Ministry of Higher Education (MOHE) to design and build a Teaching Hospital in IIUM Kuantan Campus.

During the signing ceremony on 21th September 2011 at Putrajaya Marriott Hotel, MOHE was represented by its Secretary General Datuk Ab. Rahim Md. Noor, IIUM by its Rector, Prof. Dato’ Dr. Zaleha Kamaruddin, while AZRB by its Group Managing Director Dato’ Zakariah Haji Wan Muda.

 

SO MANY OF THESE ARE RECESSION PROOFS

HEALTH CARE, TOLL ROAD, OIL SUPPLY BASE & OTHERS

 

AZRB HAS SECURED THE OIL SUPPLY HUB FOR KEMAMAN & NOW EXPANDING TOK BALI FOR ITS SUPPLY HUB  TO PETRONAS, TO THAILAND AND EVEN AS FAR AS VIETNAM

Image result for tok bali azrb photo

 

AND AZRB OIL PALM IN KALIMANTAN IS NOW MATURING. IT HAS EVEN ITS OWN PALM OIL MILL FOR EXTRACTION

A CHECK WITH ITS LAST FEW QUARTERS UNDER PERFORMANCE WAS DUE TO THE VERY WEAK RUPIAH AGAINST THE US DOLLAR. AND AZRB MARKED DOWN THE BIOLOGICAL ASSETS BY RM20 MILLIONS. THIS SHOULD REVERT AS THE RUPIAH HAS STENGTHENED. TAKING THIS ONE OFF CURRENCY FLUCTUATION AZRB ACTUALLY HAS A SINGLE DIGIT P/E!

ANOTHER OVERLLOKED GREAT POSITIVE

WHEN PH GOVT SCALED DOWN GAMUDA UNDER GROUND TUNNELING AND DEFERMENT OF 2 MRT STATIONS IN BANDAR MALAYSIA – AZRB ESCAPED PRACTICALLY UNSCATHED AS ITS SERDANG – SG BULOH MRT WERE ALL ABOVE GROUND. SO FAR SO GOOD

 

AND THESE ARE THE PROJECTS IN HAND WHICH SHOULD PROPEL STRONG EARNINGS PER SHARE GOING INTO 2019, 2020 & BEYOND

 

On 11 April 2017, TB Supply Base Sdn. Bhd. (“TBSB”), a 51%-owned subsidiary of the Company entered into a 2 years service contract with Carigali Hess Operating Company Sdn. Bhd. (“Carigali Hess”) at the Tok Bali Supply Base in Kelantan.

 

On 7 September 2017, Ahmad Zaki Sdn. Bhd., a wholly-owned subsidiary of the Company received a Letter of Acceptance (“LoA”) from BBCC Development Sdn. Bhd. (the “Award”) for Substructure Package B2 (Parcel 4 and 5): Earthworks, Piling, Diaphragm Wall, RC Works, Pencawang Masuk Utama (PMU) and Pencawang Pembahagian Utama (PPU) Works (the “Works”). The Award for the Works amounts to a total value of RM221,900,000.

 

On 13 October 2017, Ahmad Zaki Sdn. Bhd., a wholly-owned subsidiary of the Company received and accepted a Letter to Successful Nominated Sub-Contractor from Mass Rapid Transit Corporation Sdn. Bhd. (the “Award”) for a project known as “Projek Mass Rapid Transit Laluan 2: Sungai Buloh-SerdangPutrajaya – Package S206: Construction and Completion of Elevated Stations and Other Associated Works at Serdang Raya (South), Seri Kembangan and UPM” (the “Works”). The Award for the Works amounts to a total value of RM288,470,744. 

 

On 21 December 2017, Ahmad Zaki Sdn. Bhd., a wholly-owned subsidiary of the Company received and accepted a Letter of Award from Institute of Technology Petronas Sdn. Bhd. (the “Award”) for a project known as “The Proposed Construction and Completion of Block 11 & Block 12 of Academic Buildings for Faculty of Geosciences and Petroleum Engineering and TNB 33kv Substation at University Technology Petronas, Bandar Seri Iskandar, Perak Darul Ridzuan” (the “Contract Works”). The Award for the Contract Works amounts to a total value of RM138,380,277.

 

Ahmad Zaki Sdn Bhd had on 16 May 2018, 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.

 

Ahmad Zaki Resources Berhad (“AZRB or the Company”) is pleased to announce that its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd has on 21 December 2017, received and accepted a Letter of Award from Institute of Technology Petronas Sdn Bhd (“the Award”) for a project known as “The Proposed Construction and Completion of Block 11 & Block 12 of Academic Buildings for Faculty of Geosciences and Petroleum Engineering and TNB 33kv Substation at Universiti Teknologi Petronas, Bandar Seri Iskandar, Perak Darul Ridzuan” (“the Contract Works”).

The Award for the Contract Works amounted to a total value of RM138,380,277.91. The Contract Works is expected to be completed in the next 30 months until 15 July 2020.

 

COMING UP NEXT:

 

IF ECRL IS RESTORED WITH CHINA OR LOCAL CONSTRUCTION COMPANIES WHAT WILL BE THE IMPLICATIONS FOR AZRB, TDM & TALAM LAND BANKS?

 

Please Note:

Please buy or sell after doing your own due diligence.

 

BEST REGARDS

 

Calvin Tan Research

 

Image result for photos of petronas rapid

 

 

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