Highlights
KLSE: JAKS (4723)       JAKS RESOURCES BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
1.45   +0.01 (0.69%)  1.42 - 1.45  1,432,800
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Overview

Market Cap: 792 Million
NOSH: 546 Million
Avg Volume (4 weeks):2,574,933
4 Weeks Range:1.38 - 1.56
4 Weeks Price Volatility (%):
38.89%
52 Weeks Range:1.25 - 1.84
52 Weeks Price Volatility (%):
33.90%
Average Price Target: 1.76
Price Target Upside/Downside: +0.31
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#1]  |  23-May-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  17-Aug-2018
T4Q P/E | EY: 5.78  |  17.30%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.3029  |  1.11
T4Q NP Margin | ROE: 16.09%  |  19.26%

Headlines

Date Subject
13-Jun-2018 JAKS: KYY's Proposal to Raise Funds - Koon Yew Yin
07-Jun-2018 JAKS Resources Berhad - Cash Call Again
07-Jun-2018 Mplus Market Pulse - 7 Jun 2018
07-Jun-2018 Jaks Resources - More Money Into Vietnam
24-May-2018 Jaks Resources - Vietnam Contribution Continue to Increase
17-May-2018 Jaks' Legal Battle With The Star - Koon Yew Yin
17-May-2018 Technical Buy - JAKS (4723)
15-May-2018 捷硕资源上挑RM1.55/敏源
25-Apr-2018 M+ Online Technical Focus - 25 Apr 2018
25-Apr-2018 Daily Market Update - 25 Apr 2018 (JAKS, MHB)
24-Apr-2018 JAKS' Price Drop is Overdone - Koon Yew Yin
13-Apr-2018 M+ Online Technical Focus - 13 Apr 2018
13-Apr-2018 Daily Market Update - 13 Apr 2018 (JAKS, DELEUM)
02-Apr-2018 TOP REASONS WHY YOU MUST SELL JAKS NOW!!! (By Calvin Tan Research)
19-Mar-2018 捷硕资源逐鹿之战/万年船
16-Mar-2018 Jaks: Why the Share Price is Falling? Koon Yew Yin
15-Mar-2018 JAKS Resources Berhad - Another Private Placement
15-Mar-2018 Mplus Market Pulse - 15 Mar 2018
14-Mar-2018 Contractor's Right to Claim for Additional Cost - Koon Yew Yin
14-Mar-2018 Company Update – Jaks Resources (BUY, Maintain) - Litigation Impact (one-off) Is Manageable

Business Background

Jaks Resources Bhd is an investment holding company. It is organised into six main reportable segments - Manufacturing segment comprises mainly manufacturing of pipes; Trading segment comprises trading in sheet piles, steel bars, mild steel and special pipes, other steel related products, building materials and supply of products for water supply industry; Construction segment Comprise mainly provision of sub-contracting activities; Investment segment involves investment holding activities; Property Development and Property Investment segment is engaged in the development of residential and commercial properties and management of development shopping mall. Its principal geographical areas for its operations are located in Malaysia and Vietnam.
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  7 people like this.
 
sense maker Asking money from shareholders so frequently is not a good development. If future profit is super as claimed by some and is reasonably certain from Vietnam power plant, why couldn’t Jaks ask banks to refinance its existing borrowings?
07/06/2018 21:54
DK66 It takes someone with deep knowledge of corporate games to understand the latest right issue.
08/06/2018 09:54
jeccy I guess right issue doesn't involved interest compared with bank borrowings...
08/06/2018 10:14
Allow1978 Why bother to borrow $ from bank while the can raise fund from right issue , which is free of interest.

That is the great advantage for public company, where most of the Sdn Bhd are not likely benefit from this.

It seem the Vietnam power plants is most likely to make a good future sustainable profit in long run. This reason alone good enough to support the right issue fund raising.

Borrow $ from bank increase the gearing ratio which is not a healthy way to boost the share holder value in long run.
08/06/2018 11:45
wetmarket DK66 - We see the same thing!
08/06/2018 15:54
rogers123 supersaiyan3 Uncle KYY, how could this company loss so much money?
31/05/2018 22:41 <-- Supersaiyan3 is asking Kyy why Mudajaya loss so much
09/06/2018 00:57
leek LOOK AT WCT, MRCB, UMWOG.... WHAT HAPPENED AFTER RIGHTS ISSUES AND JAKS IS GOING FOR SECOND RIGHTS ISSUES WITHIN A YEAR..... JAKS PRICE WILL BECOME LIKE SENDAI AFTER SECOND RIGHTS ISSUES....
09/06/2018 08:08
r°Moi .

Rights issue??

Something is not right



By right...

JAKS no need to come up with a single sen to pay for the Vietnam IPP EPC


Right?


JAKS were supposed to be paid by China partner for the Vietnam IPP EPC

By right...



Something is not right

Rights issue??

.
09/06/2018 11:34
leek EXACTLY.... VERY FISHY....
09/06/2018 15:35
DK66 If funding is not the purpose, then dilution and liquidity could be the motive. Both allow for new/existing wealthy investors to increase their holdings. This is probably the last opportunity for such motivated activities. When large construction earnings start to flow in or when power plant get closer to completion, more interested investors will start to look at this stock. By then, it would be more difficult to accumulate holdings.
09/06/2018 17:27
Lyk100 Might be a trivial question but
Why would the management want to do such a dilution since they don’t even own as much shares? Doesn’t seem much for them to gain from this deal
09/06/2018 23:10
DK66 Creating warrants will allow them to acquire more shares with less money
10/06/2018 14:43
GRACE1966 KYY hide a lot agenda telling how good the return is.

The fucking risks is high like Mudajaya. Now that bastard Mudajaya heading to PN17 with big HOLES.
10/06/2018 17:57
GRACE1966 Asked KYY to SAILANG all the warrants.
10/06/2018 18:00
apolloang why stupid director didn't call rights 1 for 1 @ 1.00,like that kyy have to folk out more than 100 mil.....hahaha
10/06/2018 18:58
DK66 If a company can make 3 cash calls within 15 mths without causing big drop in its price, it must have a lot of interested investors.
10/06/2018 21:39
harold8990 Opportunity not to be missed.
11/06/2018 10:01
newbie8080 These days analysts from IB are not reliable.
One give tp=1.90, the other tp=1.30.Earlier, some even give tp greater than RM2.
The tp given are so far apart.
11/06/2018 14:19
wetmarket There is no dilution in the shares holding if shareholders take up the warrants. Furthermore, can only convert after first year. So within first year, no dilution even you do not take up warrants.

It depends how you look at it for Right Issus.
It is your choice if keep looking at bad examples. What can we for you?
11/06/2018 18:26
hollandking i thought u guys mentioned is paid by the chinese partner, no need pay anything, just sit there waiting collect money, now raise fund again, what the hell is this.
11/06/2018 20:55
hollandking i'm raising red flag on this.
11/06/2018 20:57
hollandking wow, new adventure, exploring renewable energy, i look at that statement, i have a bad feeling
11/06/2018 20:58
hollandking you guys remember, last time say jaks will receive how much blah blah.. how many hundred millions before the project completion, right? I forgotten what it is but is something like that. If got money coming in , why need raise money? It means milestones not achieved, so no money coming in. If got money coming in, why need to raise more money? Use common sense here.
11/06/2018 21:02
DK66 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5823425
11/06/2018 21:04
hollandking someone gonna meet his waterloo, not my intention to curse him, i'm saying the signs are there.
11/06/2018 21:17
shpg22 This kompeni is gonna whack alot of anchovies. Never pay any dividend punya..kns
11/06/2018 22:23
DK66 6月7日9时16分,越南海阳#1-2锅炉顶板梁开始吊装,9时38分,第一根顶板梁吊装至安装位置,标志着越南海阳#1-2锅炉安装开始进入高峰期。
  本工程#1-2锅炉顶板梁共30根,单根最重件为40T,炉后组合梁单重23T,组合后46T。此次吊装计划采用60T塔吊单吊、M2250履带吊单吊及双机抬吊的方式进行。炉后组合梁重46T,采用M2250与60T塔吊双机抬吊进行,两台吊车的负荷率分别为49.6%和67%,满足规范要求。重为40T的两根顶梁采用M2250进行单独吊装,就位时负荷率为89%,满足规范要求。剩余顶梁单重均较小,采用60T塔吊进行吊装,负荷率均在70%以下,满足规范要求。

  为保证顺利完成此次吊装任务,热动专业组织对顶板梁吊装的现场情况及设备情况进行了摸底并排出合理的吊装计划。吊装前,项目部对吊装作业前施工准备进行了条件检查,对钢丝绳、卸扣、揽风绳等工器具进行了现场复查,对作业人员进行了现场安全、技术交底以确保顶板梁安全有序吊装。此次吊装任务计划在6月13日完成,届时将为#1-2炉汽包和受热面吊装奠定良好基础。
11/06/2018 22:52
JJchan major Biz flaw in Jaks construction project is to take up Suke Highway (766millions)-----Najib got
no money to pay for the project in 2016---what about now? I have raise this issue many times.
Delay 2 years, now completion is 5 years(talk only)-----I know this project dearly bcoz this project had taken land and 3 properties from me.
12/06/2018 11:51
newbie8080 @ wetmarket

Yup. Agree with you on how we view the rights issue.
Everyone had different take on this.
In fact, many had never thought that the company would issue rights to fund the power plant.

Developing a power plant require heavy capex.
12/06/2018 15:34
newbie8080 amended:
Anyone who does NOT subscribe to the rights issue will be at the losing end once the price adjust ex-rights.
12/06/2018 16:06
GRACE1966 Free cash flow from the IPP project i thoughts. Now in mati stage needs money to fund the project.
Nothing is FREE in this world Mr. KYY. Soon or later like Mudajaya in bankrupt stage,
12/06/2018 19:09
pang72 http://www.chinapress.com.my/20180612/不想租你99年-越南掀反中示威/
12/06/2018 22:20
pang72 Some Vietnam news for leisure read.
12/06/2018 22:23
leek http://www.chinapress.com.my/?p=1273252

FDI FROM CHINA IN TROUBLE
13/06/2018 02:11
Chan Chee Kiong I am new in this warrant purchase. As a jaks share hokder when can i subsrcibe d warrant
13/06/2018 20:23
Alex Ng Step 1: Buy Jaks share
Step 2 : Wait for announcement.
13/06/2018 20:25
yewyin33 JAKS: KYY’s proposal to raise funds

Koon Yew Yin 13 June 2018

As you know, the company made an announcement of the proposed selling of renounceable convertible warrants at 25 sen each to each person holding 2 shares. That means if you own 2 shares you are entitled to buy 1 convertible warrant at 25 sen. Investors reacted negatively. As a result, the share price dropped by 5 sen per share yesterday.

This morning I told my friends that I would be writing this proposal to the management of Jaks which should be better than the proposed proposal. In believing the company will implement my proposal, they started to buy to support the share price. If they did not, I believe the price would continue to fall to a lower level.

In my 50 years of experience in managing companies and looking at the stock market, I have not seen any company doing the same way to raise money for the company. By issuing warrants at a huge discount, it is sending a wrong message, telling the market the company share is overvalued.

I like to propose that the company to call a right issue of 1 share for every 10 shares held by shareholders at say Rm 1.40 per share with a free convertible warrant. Giving out free convertible warrants is like giving free cash "ang pow" because warrants can be sold immediately in the open market.

Warrants should normally be trading at a premium.

The total issued number of shares is about 500 million. If the company follow my way, the company will receive about 50 million X Rm 1.40 = Rm 70 million which is about the same amount as that from their original proposed method.

When the warrants are eventually converted into shares, there will be a further cash injection into the company of about RM 50 million.

If the company needs more money, it can call a right issue of 1 share for every 8 shares held by shareholders. In this case, the company will get more money.

I strongly believe when the company announces the withdraw of their original proposal and replace it with my proposal, the share price will go up, because investors, especially existing shareholders, will want to get 1 free convertible warrant by buying 10 shares.

I trust the board of directors will consider my proposal seriously.

Koon Yew Yin
13/06/2018 22:13
qqq3 original proposal of 1 warrants for 2 shares is too many warrants...only third liners have so many warrants in relation to the number of shares.......


revised proposal resulting in 1 warrant for 11 shares is more like what a blue chip would do........
13/06/2018 22:17
apolloang better call a 1 for 1 rights at 1.00....hehe
13/06/2018 23:43
DK66 6月13日,公司承建的越南海阳2×600MW燃煤电厂工程二号机组2号锅炉钢结构顺利开吊。此次吊装的立柱重14.6吨,使用M2250履带吊吊装。
14/06/2018 08:51
localmotive Fully support KYY proposal
14/06/2018 18:31
hollandking well, bcoz there's red flag. Some chose not to see the red flag, tipu sendiri, of coz tipu sendiri make ownself feel good but reality will come back and haunt the person who do so.
15/06/2018 00:22
hollandking the flag is pointing red, i can't believe it, is there but is so weird, like nobody is seeing it.
15/06/2018 00:24
shortinvestor77 Sell lah! Why bearing burden and pain together with billionaire KYY?
15/06/2018 09:52
bobbywee I just wonder why so many KPC(KEH POH CHEE) around? If do not trust what Mr.KYY then better leave, if you do then just wait.
15/06/2018 12:57
DK66 If Jaks is a junk, this forum will be empty long ago
15/06/2018 13:05
leek KYY IS GOOD MAN BUT JAKS BOARD/DIRECTORS WANT TO DILUTE HIS SHARES HOLDING.... 0.25 PER WARRANT??? VERY FEW RICH INVESTORS CAN FOLLOW LO.... BUT IT IS A DAMN CHEAP WAY FOR THE MAIN SHAREHOLDERS OTHER THAN KYY TO SUBSCRIBE AND CONVERT AT CHEAP PRICE.... KYY NEED TO FIGHT WITH THOSE XI FATT GUAY IN THE BOARDROOM LO... BECAUSE THEY WANT TO DILUTE KYY'S HOLDINGS AND BRING DOWN THE SHARE PRICE
16/06/2018 05:14
wotvr Still got people interested in this co? Please don't bother. The quality of the people inside JAKS is not there and it is reflected within the management. The only thing good about JAKS is Vietnam project but that itself a risk since Vietnam have strict capital controls.

JAKS should be worth 40 cents or so. Don't be con by the IBs and KYY.
16/06/2018 11:27
DK66 Jaks Hai Duong has vietnam govt guarantee to fully remit its capital and profit abroad.
16/06/2018 17:50
wetmarket Wotvr, please do not simple shout a price and act like a expert. I will respectyou if you can show us the rational, evidence and calculation in details for the value of 0.40.
16/06/2018 18:06


 

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