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DK66

Author: DK66   |   Latest post: Tue, 8 Oct 2019, 1:20 PM

 

Jaks Resources - The Final Count Down !

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Jaks Resources – The Final Count Down !

The main purpose of writing this article is to create awareness among the investors to take a serious look at Jaks because its Hai Duong coal power plant is only months away from commercial operation, but its share price is still below RM0.80 !

The moment for serious decision making has arrived.

 

Why now ?

As can be seen from the latest photo, the plant is substantially completed.

Hai Duong coal power plant. Photo taken on 5 Oct 2019

 

Officially Entering Testing Phase

“ 国庆前一天越南海阳项目领导郑重的说道。从10月1日起越南海阳项目部生产会改为调试会,一切围绕系统调试,逐步完善各系统尾工、缺陷,以便按时完成各系统试运,保证12月30日冲管任务圆满完成。”

CPECC officially announced that the construction of the power plant has entered testing phase effective 1st October 2019.

Boilers 1, 2 and 3 has successfully carried out hydro tests and turbine 1 has completed installation of its turbine rotor. The next important milestone target is  for Unit 1 to carry out steam blow test before end of the year.

Judging from the construction progress of Vinh Tan1 coal power plant, Unit 1 of Hai Duong power plant may commence commercial operation in Aprl/May 2020 which is about 6 months ahead of deadline.

 

What does this mean ?

This means that the power plant is materially completed, and project completion risk is substantially eliminated. There is practically no reason the power plant will not be completed.  

 

Now what ?

At this stage, it is all about plant performance risks. Hai Duong power plant is adopting subcritical technology which was a very popular design before the emergence of modern supercritical and ultra-critical technologies. CPECC has successfully commissioned a large number of subcritical power plants. It even successfully commissioned the 1240MW Vinh Tan 1 supercritical coal power plant in Vietnam in 2018. Therefore, very minimal performance risk.

 

Is it too early for decision ?

MFCB’s Don Sahong Hydropower plant is scheduled to begin commercial operation (COD) on 1st Jan 2020 and MFCB’s share price has already began uptrend since May 2019 which is 7-8 months before (COD). MFCB’s price has since gone up 30% making historic highs.

 

Why should you consider Jaks ?

- Jaks has 30% interest (with option to add 10%) in a US$1.87 billion 1,200MW coal power plant in Vietnam.

- Vietnam is facing short supply of electricity, and the demand for electricity in Vietnam is growing at 10% annually.

- Vietnam is a prime beneficiary of US-China trade war.

- It has a 25 years Power Purchase Agreement with the Vietnam Government.

- The operation of the power plant is guaranteed by Vietnamese Government.

- I have used several methods to evaluate the power plant (Please refer to my past articles for details) and all point to very high valuation.

- Sifu Ooi Teik Bee is a rare few person who has met the management at the project site and he was kind to share his information. He wrote on i3investor as follows;


Ooi Teik Bee I visited the site, the power plant is real.
Jaks paid for my accommodation.
Mr Koon paid for my air ticket. Mr Koon wanted me to go with him.

My comment is DK66 is very good and knowledgeable.

My tips to DK66.
If I am not mistaken, I was told during the meeting, the projected profit for Jaks is around 200 million to 250 million for first 5 years.
The profit will be reducing after 5th year.
This figure is from horse mouth.

Thank you.
Ooi

04/10/2019 8:50 PM

- Jaks' market valuation is less than RM500m at the time of writing.

 

Conclusion 

It is time to consider your decision whether to make early investment in Jaks to take advantage of its current low price. 

 

Please share the article. I hope this article can have a broader reach so that more readers can have a chance to look at the rare golden opportunity presented by Jaks Resources. 

 

Happy Investing !

 

DK66

P/S:  You may visit my blog for more articles on Jaks Resources.

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Labels: JAKS

Related Stocks

Chart Stock Name Last Change Volume 
JAKS 0.935 0.00 (0.00%) 8,592,100 

  7 people like this.
 
DK66 I hope the i3 administrator can help to create awareness by putting this article on top article list for a longer period of time.
08/10/2019 1:51 PM
DK66 Some people will probably take me as an aggressive promoter of Jaks. Believe me, I have no ill intention. I just hope more people are at least aware of this low entry opportunity.
08/10/2019 1:55 PM
DK66 If more people like this article, maybe the i3 admin will consider my request.....
08/10/2019 2:13 PM
ipomember My tips to DK66.
If I am not mistaken, I was told during the meeting, the projected profit for Jaks is around 200 million to 250 million for first 5 years.
The profit will be reducing after 5th year.
This figure is from horse mouth.


can the power plant breakeven and make 200 to 250m on the first year? Vietnam going to take full capacity?
08/10/2019 2:47 PM
DK66 YES
08/10/2019 2:48 PM
ipomember is there any statement from company announcement to prove or it is purely from OTB?
08/10/2019 3:02 PM
DK66 There is no announcement from company
08/10/2019 3:10 PM
ccy123 Jaks is heavily promoted in i3 yet share price fluctuates between 0.75 to 0.84. Very odd also. ???? profit real????
08/10/2019 3:15 PM
DK66 ccy123, whether Jaks is a gold mine or a shit hole. It is worthwhile to take a look.
08/10/2019 3:18 PM
dailyklse2010 Dear DK66,

May i know who is Sifu Ooi Teik Bee ?
I only know all the article from you. haha

I am aggressive promoter of Jaks too!!! Currently, below 0.85 is really worthy to collect.
08/10/2019 3:20 PM
DK66 You can search in I3 for his profile
08/10/2019 3:23 PM
deMusangking May good bless you for ur unselfishness and sharing!!!!!
08/10/2019 3:25 PM
DK66 Thanks, deMusangking

-------------------------
deMusangking May good bless you for ur unselfishness and sharing!!!!!
08/10/2019 3:25 PM
08/10/2019 3:29 PM
dailyklse2010 Search his profile but still got no much idea. Never mind, we know JAKS is good enough. Haha
08/10/2019 4:11 PM
sniper123 DK66 UR sharing on JRB on vietnam power plant is credible but lets not forget JRB is still facing 2 ongoing litigation case and there is still d mediocre occupancy and sales of the evolve mall and pacific star residency. I tend 2 b more conservative n as such I look @ d worse case scenario ie wen d judge rules in favour of the Star in d ongoing litigation; how would dat impact on all projected earnings dat u hv computed???
08/10/2019 4:13 PM
ramada If uncle is scared to buy Jaks again, just tell him that buying at 80 sen and RM1.50 are totally different. Power plant starts operation in 2020, uncle bought in 2017. He bought too early.
08/10/2019 4:27 PM
deMusangking yes, u buy when 1.00!!!!!!

haha
08/10/2019 4:27 PM
DK66 sniper, I cannot speculate on what I do not know. My study on Jaks is limited to its power plant in Vietnam. On other aspects, perhaps other sifus can help ?
08/10/2019 4:36 PM
ramada Just like GKENT, the contribution of LRT3 flowed in 2016, you bought in the end of 2015. Not only chun-chun but your enter price also sui-sui.
08/10/2019 4:56 PM
DanielOng DK66...thanks for your hardwork!
08/10/2019 5:18 PM
DK66 You are welcome

-----------------
DanielOng DK66...thanks for your hardwork!
08/10/2019 5:19 PM
RainT here is always lousy

almost every month will have electricity cuts

but now already better more

past few years even worse, when have storm, most of the time electricity will be cut off

Vietnam have improve its infrastructure substantially
08/10/2019 6:19 PM
RainT on demand on electricity in Vietnam

you can see if you are here is like many places also building factory and the eonomy now is at grow stage
08/10/2019 6:24 PM
lextcs I tot kyy n AA already 'kan chow liau'?
09/10/2019 9:50 AM
SarifahSelinder 10 (TEN)
09/10/2019 10:40 AM
Ooi Teik Bee Posted by ramada > Oct 9, 2019 11:57 AM | Report Abuse

Uncle may win back his RM64 mil losses as long as OTB starts covering this Jaks and be his advisor behind. Last time, uncle bought too early.

Posted by VIN3133 > Oct 9, 2019 1:11 PM | Report Abuse

Chances are high !!!
As Mr Ooi has said in his response to my blog message earlier : " If my stock selection criteria is met, I may/will "

Ans :
I told Mr Koon and all my followers that I bought back Jaks at 0.82 today.
My recommendation report will be out tonight.

Thank you.
Ooi
09/10/2019 3:02 PM
ramada Good enough. Thank you, OTB.
09/10/2019 3:28 PM
KAQ4468 Thanks Boss

will take note for JAKS
09/10/2019 3:34 PM
DK66 I m glad that this article makes to the top of the top article list !
09/10/2019 4:27 PM
DK66 Now more people will read this article !
09/10/2019 4:28 PM
DK66 https://www.youtube.com/watch?v=9jK-NcRmVcw
09/10/2019 5:02 PM
Collin Soo Thank you for sharing this information
10/10/2019 10:39 AM
DK66 You are welcome
---------------
Collin Soo Thank you for sharing this information
10/10/2019 10:39 AM
10/10/2019 11:05 AM


 

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