Anzo: A History In The Making

Anzo: A History In The Making | It seems the whole world is picking up its pace now, albeit a bit slow. All sectors are working their ways upward, whilst at the same time, taking care of the world's population during this trying time.
Anzo Holdings, business, CSTME, stock exchange, Rawlins GLAM, economy, Datuk Eddie Chai
Anzo Holdings Bhd is a manufacturer of high quality timber doors has diversified its nature to construction business and a company that is making its way to the top in the construction world. And now, CSTME Resources Sdn Bhd (one of the major importer and exporter of non-ferrous materials in Malaysia which specialized mainly in copper products), which has an approved permit (AP) license has emerged as a substantial shareholder in the company with 11.621% stake. This could be the reason why the stock has been trading at high volume this month, hitting almost 400 million. 

The fact is, Anzo was the third most actively traded stock on Bursa Malaysia with some 216.4 million shares traded and the stock closed at 14.5 sen @ 29 June 2020, being the highest ever in three years. 

It seems that the stock has the potential to do better in the coming months. And the fact that it has recently secured a RM1.3 billion contract with a South Korean group has elevated the stock rate.

"That could be another reason why the stock has been active. Anzo is expected to have guaranteed payment over 40 months, which is the duration of the contract. This will augur well for the company to perform better. Hopefully by the time the contract ends within the next three years, Anzo would have secured a new contract or it may also possibly extend the contract with the South Korean group," an anonymous analyst said. The analyst also believes that Anzo may attract new shareholders as they look at the potential upside of the company.

"Now that Anzo has a big project in hand, they are certainly gong to attract global fund managers, as now large funds have also been buying Anzo shares'" he added to the comment.
Anzo Holdings, business, CSTME, stock exchange, Rawlins GLAM, economy, Datuk Eddie Chai
Anzo Holdings, business, CSTME, stock exchange, Rawlins GLAM, economy, Datuk Eddie Chai

Last week Anzo, its subsidiaries and CSTME inked an agreement to supply copper scrap to a large group in South Korea. CSTME agreed to buy birch/cliff copper scrap or berry/candy copper scrap from Anzo for over 40 months. Anzo told the stock exchange it will supply up to 60,000 metric tonnes of copper scrap to CSTME at RM23,000 per metric tonne during the contract period.


CSTME said it will buy the products from Anzo and export them to South Korea, effective July 1.

Anzo Holdings, business, CSTME, stock exchange, Rawlins GLAM, economy, Datuk Eddie Chai
Datuk Eddie Chai, MD, Anzo Holdings

Anzo said this deal is expected to strengthen its trading business for sustainable earnings in a long period. The deal will also create business opportunities in the international export market for Anzo, which has been looking to diversify its income stream as its current business that includes property development has not been doing so well because of weak market conditions.


Let's hope that the whole world will prosper and pick up their paces as good as Anzo did. By doing so, more job openings will open up, for both local and foreign workforce, thus will boost the economy. 


#AnzoHoldings #Economy #Business #StockExchange #DatukEddieChai


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