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41 comment(s). Last comment by Astral66 at May 21, 2020 4:08 PM
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abang_misai
2004 posts

Posted by abang_misai > Feb 10, 2020 7:48 AM | Report Abuse

Hehe. Gila. The can of worms in its construction divisions not yet opened.


DanielOng
25 posts

Posted by DanielOng > Feb 10, 2020 8:10 AM | Report Abuse

As always...DK66 always provide with fact and figure!Thumbs up!


laughingmosquito
39 posts

Posted by laughingmosquito > Feb 10, 2020 8:14 AM | Report Abuse

yes, thumbs up


DK
4269 posts

Posted by DK > Feb 10, 2020 8:29 AM | Report Abuse

There is no denying that Jaks' property segment is under-performing. However, it will not be a significant business to Jaks after the power plant commences operation.

Assessment of Jaks' future prospect must take the power plant future earnings into account


leapkcfy
122 posts

Posted by leapkcfy > Feb 10, 2020 8:45 AM | Report Abuse

Great sharing Dk66!


Tiger66
1801 posts

Posted by Tiger66 > Feb 10, 2020 9:04 AM | Report Abuse

KYY article full of shit without detail evaluation of Jaks financial situation. The oldman simply buta buta comment here and there without in dept study. He loss all his credit and respect. Booo to you


DK
4269 posts

Posted by DK > Feb 10, 2020 9:14 AM | Report Abuse

To certain extent, I agree with Mr Koon's assessment of current property market in malaysia. However, his final assessment of Jaks' future prospect without taking into consideration of the future earnings of the power plant is disappointing.


mmk79
1819 posts

Posted by mmk79 > Feb 10, 2020 9:49 AM | Report Abuse

Well analysed. At least 1000 times better than the old man article with no substance at all.


ccy123
271 posts

Posted by ccy123 > Feb 10, 2020 9:59 AM | Report Abuse

Believe me the best catalyst for JAKS shares to fly is when it stops its property business or sell off part of it. And this is going to happen, last call to buy JAKS


DK
4269 posts

Posted by DK > Feb 10, 2020 10:00 AM | Report Abuse

I agree with ccy123


ccy123
271 posts

Posted by ccy123 > Feb 10, 2020 10:26 AM | Report Abuse

DK66, YOU ARE THE BEST I EVER KNOW IN I3


OTB
8055 posts

Posted by OTB > Feb 10, 2020 10:33 AM | Report Abuse

I told Mr Andy Ang during my visit to Hai Duong power plant in Vietnam in 2017, I told him to sell away all lost money Malaysian operations to focus on this power plant only.
He promised to do it and focus on the power plant only.
Thank you.


DK
4269 posts

Posted by DK > Feb 10, 2020 10:34 AM | Report Abuse

ccy123, Thank you for your kind words

-----------------
ccy123 DK66, YOU ARE THE BEST I EVER KNOW IN I3
10/02/2020 10:26 AM


OTB
8055 posts

Posted by OTB > Feb 10, 2020 10:36 AM | Report Abuse

I recommend to buy Jaks is due to the good prospect of the Hai Duong power plant in Vietnam.

FA report
I assume all Malaysian operations to be zero value. Evolve Concept Mall is valued at RM300 million, I believe this amount of money is more than enough to cover all losses in Malaysian operations.
FY 2019, I projected the profit after tax of 113 million. First nine months the total net profit is 91 million, I assume net profit of 22 million in Q4 2019.
FY 2020, I projected the profit after tax of 150 million. 50 million is the construction profit from power plant and 100 million on the sale of electricity in 2020.
FY 2021, I projected the profit after tax of 250 million from the sale of electricity only.

Year Price PAT EPS PER Target price Gain %
2019 1.38 113 0.18 7.85 1.80 30.43%
2020 1.38 150 0.23 5.92 2.33 69.04%
2021 1.38 250 0.39 3.55 3.89 181.74%

Thank you.


ccy123
271 posts

Posted by ccy123 > Feb 10, 2020 10:36 AM | Report Abuse

I invested in JAKS during kyy margin forced sell period and hold until now, this is how I make my money in klse


RainT
8356 posts

Posted by RainT > Feb 10, 2020 11:20 AM | Report Abuse

KYY come out try to talk bad about JAKS

before this he promote JAKS

now loss money then talk bad about JAKS

he is 180 degree u turn


trading2019
176 posts

Posted by trading2019 > Feb 10, 2020 1:13 PM | Report Abuse

A good counter article. I almost sell JAKS this morning. I believe 1.50 is achievable within days.


YeahLoo
48 posts

Posted by YeahLoo > Feb 10, 2020 1:26 PM | Report Abuse

KYY should buy Jaks instead of scare investors here


VIN3133
567 posts

Posted by VIN3133 > Feb 10, 2020 1:38 PM | Report Abuse

My posting in Jaks forum @ 1.23 AM
---------------------------------------------------
VIN3133>Thumbs up 2 U , bro. DK66 !!
You have done an excellent job in providing existing & potential investors a clearer picture on Jaks position .
Your article is timely and useful to counter & correct the " Jaks is hopeless" article posted by KYY which is obviously biased and with no good intention . We are not easily misled by his article .
He claims he hates to see people misled into investing into Jaks just becos he lost 64m previously ? Is he caring or is he feeling uneasy becos Jaks price is moving up as Jaks power plant is almost fully completed ?
In his article, he purposely omitted to mention the current status of Jaks power plant and its earnings prospect .
He is only a retired civil engineer & ex-property developer . He does not understand accounting & financial statements and hence can't do analysis on them .
I believe all smart investors ( existing & potential) would be duly informed by the above DK66's latest detailed article to counter & correct the biased " Jaks is hopeless" article .

Happy investing !!
10/02/2020 1:23 AM


dailyklse2010
255 posts

Posted by dailyklse2010 > Feb 10, 2020 1:42 PM | Report Abuse

Thanks DK66, you are the best blogger in I3.

The KYY only know fried the cold rice without latest info support ~ What's the lousy blogger he are.


DK
4269 posts

Posted by DK > Feb 10, 2020 2:02 PM | Report Abuse

Thank you all for your kind words


klsetitan
143 posts

Posted by klsetitan > Feb 10, 2020 3:26 PM | Report Abuse

it's much more convincing after reading DK66's stress test analysis on Jaks. KYY's assessment is to short sighted and lack business sense with focus on property and turning a blind eye on the cash generating asset - which is already PHYSICALLY there and OPERATIONAL soon!!


leapkcfy
122 posts

Posted by leapkcfy > Feb 10, 2020 5:45 PM | Report Abuse

Dk66 article support with facts and figures

VS

Kyy article with full emotion attached..


DK
4269 posts

Posted by DK > Feb 10, 2020 6:01 PM | Report Abuse

This Jaks forum never fail to surprise me. Now stockmanmy/qqq3 has turned from a supporter to disbeliever. I still respect icon8888 the most.


stockmanmy
7051 posts

Posted by stockmanmy > Feb 10, 2020 6:04 PM | Report Abuse

aiyah...I made my money and chau already..........


stockmanmy
7051 posts

Posted by stockmanmy > Feb 10, 2020 6:05 PM | Report Abuse

https://klse.i3investor.com/blogs/stockman/2020-02-10-story-h1483759722-so_what_about_Jaks.jsp


stockmanmy
7051 posts

Posted by stockmanmy > Feb 10, 2020 6:08 PM | Report Abuse

where is that value investor KC Chong?


why he disappear already?

kc Chong the value investor think 50 sen too expensive...........now $ 1.40 , he keep quiet.


newbie8080
2079 posts

Posted by newbie8080 > Feb 10, 2020 6:38 PM | Report Abuse

Thumbs up on the well written stress test!


DK
4269 posts

Posted by DK > Feb 10, 2020 6:46 PM | Report Abuse

newbie8080, Thank you. I hope you have bought Jaks long ago. You were one of the early discoverer of Jaks though not quite convinced then.
-----------------------
newbie8080 Thumbs up on the well written stress test!
10/02/2020 6:38 PM


treasure99
4 posts

Posted by treasure99 > Feb 11, 2020 12:06 PM | Report Abuse

From the analysis, KYY is right to certain extend. Jaks is short of fund


newbie8080
2079 posts

Posted by newbie8080 > Feb 13, 2020 2:25 PM | Report Abuse

DK66, though I'm not 100% convinced, the power plant do have some value attached to it.

Yup, bought some between 58-72 cent to be part of my portfolio.

But I do appreciate your write ups since 1 year ago, it helps me to make my investment decision easier.
Thanks and hoping to see you fair value come to pass.

Posted by DK66 > Feb 10, 2020 6:46 PM | Report Abuse

newbie8080, Thank you. I hope you have bought Jaks long ago. You were one of the early discoverer of Jaks though not quite convinced then.
-----------------------
newbie8080 Thumbs up on the well written stress test!
10/02/2020 6:38 PM


DK
4269 posts

Posted by DK > Feb 13, 2020 3:17 PM | Report Abuse

newbie8080, you are welcome

------------------
newbie8080 DK66, though I'm not 100% convinced, the power plant do have some value attached to it.

Yup, bought some between 58-72 cent to be part of my portfolio.

But I do appreciate your write ups since 1 year ago, it helps me to make my investment decision easier.
Thanks and hoping to see you fair value come to pass.


stkstudent
246 posts

Posted by stkstudent > Feb 13, 2020 3:34 PM | Report Abuse

without its property segment business, JAKS depends 100% on its 30% jv with chinese co. for future survival & prosperity.

Assume the returns are indeed fabulous, even better than projected BUT the risks are BIG that Jaks shareholders will still lose out and the jv could become a nightmare due to :

1) JAKS has no mgmt nor Board control on the JV co.

2) Chinese majority partner may not see need to remit profits, and choose to keep the profits locally to bid for future lucrative power projects

3) Easy for Chinese partner to squeeze out JAKS, 30%, knowing how shaky the parent is in Malaysia.
- just sit on the cash, for various reasons
- raise RI to bid for more projects

4) Chinese partner dont really need to declare any dividend for parent co. in China to benefit.
- parent co. can easily supply critical needed parts & expertise for profit.

5) the Chinese partner has a financially strong parent co. unlike JAKS

6) JAKS shareholders have to pray hard, the Chinese partner is a friendly, understanding partner, and will oblige with JAKS request for regular remittance of profits .

6) Good luck to hopeful JAKS minority shareholders.

the devil is in the details, hope i'm plain wrong.


DK
4269 posts

Posted by DK > Feb 13, 2020 3:40 PM | Report Abuse

stkstudent, I believe you are wrong.

There is a shareholder agreement between Jaks and CPECC governing everything from the management to the distribution of profit. Jaks secured the power plant, it has the upper hand in the JV negotiation.


stkstudent
246 posts

Posted by stkstudent > Feb 13, 2020 3:58 PM | Report Abuse

dont understand how a 30% jv partner can compel the 70% partner to stick faithfully to JV agreement, without mgmt nor Board ctrl..
could things be delayed due to unforseen perhaps ?
anyway, Glad you are right, fell at ease now.


DK
4269 posts

Posted by DK > Feb 13, 2020 4:02 PM | Report Abuse

stkstudent, may I invite you to read this article ?
--------------
https://klse.i3investor.com/blogs/Jaks%20resources/2019-09-22-story226058-Jaks_Resources_An_excellent_joint_venture_deal_with_CPECC.jsp


stkstudent
246 posts

Posted by stkstudent > Feb 13, 2020 4:28 PM | Report Abuse

thks, i did, that's why afterthought on the details, reminds one of the great stories of old, where investors raise money to fund ship expeditions to the far east in search of fabulous wealth, its make or break for the investors...haha


DK
4269 posts

Posted by DK > Feb 13, 2020 4:30 PM | Report Abuse

"its make or break for the investors" - This part is certainly true to Jaks


pputeh
689 posts

Posted by pputeh > Feb 17, 2020 4:17 PM | Report Abuse

https://klse.i3investor.com/blogs/Jaks%20resources/2020-02-09-story-h1483732841-Jaks_Resources_A_Case_Without_Property_Segment.jsp


zeoncy8869
33 posts

Posted by zeoncy8869 > May 21, 2020 12:04 AM | Report Abuse

please add me to the group


Astral66
2 posts

Posted by Astral66 > May 21, 2020 4:08 PM | Report Abuse

pls add

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