Highlights
KLSE: JAKS (4723)       JAKS RESOURCES BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
1.43   +0.01 (0.70%)  1.39 - 1.44  8,842,100
Analyze this stock with MQ Trader system

Overview

Market Cap: 931 Million
NOSH: 651 Million
Avg Volume (4 weeks):17,148,684
4 Weeks Range:1.16 - 1.51
4 Weeks Price Volatility (%):
77.14%
52 Weeks Range:0.505 - 1.51
52 Weeks Price Volatility (%):
92.04%
Average Price Target: 0.99
Price Target Upside/Downside: -0.44
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  25-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  28-Feb-2020
T4Q P/E | EY: 11.91  |  8.40%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.4056  |  1.02
T4Q NP Margin | ROE: 1.04%  |  8.54%

Headlines

Date Subject
16-Jan-2020 Daily technical highlights – (JAKS,COASTAL)
16-Jan-2020 Stocks on Radar - JAKS Resources (4723)
15-Jan-2020 JAKS - Power operations may support earnings moving forward -
15-Jan-2020 Jaks - Power operations may support earnings moving forward
13-Jan-2020 According to TA, the share price of Jaks must cross 1.29 in order to move up north
01-Jan-2020 JAKS - IPP CLARITY CERTAINTY
31-Dec-2019 Jaks - We buy Jaks because of its Hai Duong power plant in Vietnam
31-Dec-2019 JAKS: investors must not buy in anticipation of future profit - Koon Yew Yin
31-Dec-2019 Trading Stocks - JAKS Resources
29-Dec-2019 Jaks Resources - Why JHDP in Vietnam has a bright future ?
22-Dec-2019 Jaks Resources - What You Should Know About DK66
17-Dec-2019 Jaks Resources - Business Sense
14-Dec-2019 JAKS & The Identical Power plant that generates RM 1.5 Billion annualized Profit presently
09-Dec-2019 Jaks Resources - Higher Expected Investment Returns from JHDP ?
04-Dec-2019 Trading Stocks - JAKS Resources
04-Dec-2019 Daily technical highlights – (JAKS,FRONTKN)
04-Dec-2019 Stocks on Radar - JAKS Resources (4723)
03-Dec-2019 Technical View - Jaks Resources Bhd (JAKS, 4723)
03-Dec-2019 捷硕资源迈向RM1.30/敏源
27-Nov-2019 [转贴] [Facebook live video:浅谈Jaks resources bhd (Jaks)] - James的股票投资James Share Investing

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.
Trade this stock and receive a FREE I3investor T-shirt after 5 trades. Find out more.

  15 people like this.
 
ciaksai MFCB got dividend how abt Jaks?
23/01/2020 4:52 PM
firehawk pardon, a less relevant question ... is next Monday a holiday or a trading day?
23/01/2020 5:24 PM
Travestor Looks like it's Dato Razali who converted wb to JAKS shares.
23/01/2020 5:32 PM
deMusangking mon, holiday
23/01/2020 5:41 PM
VIN3133 HAPPY CNY TO ALL & LET US HUAT HUAT TOGETHER IN THIS AUSPICIOUS YEAR OF METAL RAT !!
23/01/2020 5:48 PM
firehawk deMusan, thanks, Happy New Year
23/01/2020 5:53 PM
steady31 Guys,solve this riddle.Why director Merican resort to convert to mother share (0.25+o.64=0.89) when he could have sold as warrant for a bigger gain (1.19-0.25) unless he knows Jaks future price is going to be much much higher
23/01/2020 6:11 PM
ming 1) warrant no liquid enough
2) dividend soon
3) got new player ask for dbt for mother share
23/01/2020 6:53 PM
latuk Can explain item 3?
23/01/2020 6:57 PM
latuk What is 'ask for dbt for mother shares'
23/01/2020 6:58 PM
latuk What does dbt stand for?
23/01/2020 7:03 PM
pjseow Haha, let me join the fun in solving the puzzle. To convert the 8 million warrants he already possess into mother shares, he need to come up with 8x 0.64 million cash which is 5.12 million.
If he sell.his.8 million warrants for 1.19 per share ,he can get 9.52 million cash 。Together with the 5.12 million cash, he has a total of 14.64 million cash which can buy him more than 10 million shares which is 2 million more shares he can get. It doesnt make sense right? Unless the company will be payimg.dividend.which.is quite unlikely in the near future.The most probable scenario is the company will offer attractive right issues. warrants are not entitled for right issues. only mother shares are. Selling large qty of warrants will depress the market price of both warrants and mother shares whereas conversion will not.
23/01/2020 7:17 PM
DK66 Converting 102m warrrants @0.64 will allow the company to raise RM65m for working capital purposes.
23/01/2020 7:32 PM
pjseow DK 66, you are right . The warrant epiry.date is 2023. There is no hurry to convert. He is one of the director. It may explain why he sold his shares earlier. He need money to convert.his warrant . This money will help the company now.
23/01/2020 7:39 PM
OTB I always said DK66 is the most knowledgeable person here.

No more worry about right issue.
A good strategy to benefit the company.

The cash flow of Jaks will be good after 2021 once the Hai Duong power plant is in full operations.
Just "tahan" for one more year only.

Thank you.
23/01/2020 7:50 PM
qqq3 otb..... nothing has changed except Jaks is $1.50 Vs 50 sen 12 months ago when u said Jaks going bankrupt
23/01/2020 9:01 PM
ok what kind of right issue will be attractive?
23/01/2020 9:49 PM
ciaksai Razali not the director disposed in Dec'19? If he can sell at 1.2-1.3 why >1.4 sell more not logical?

pjseow DK 66, you are right . The warrant epiry.date is 2023. There is no hurry to convert. He is one of the director. It may explain why he sold his shares earlier. He need money to convert.his warrant . This money will help the company now.
23/01/2020 7:39 PM
23/01/2020 9:59 PM
pjseow ok. forget about what I said . I.am just guessing.
DK 66 is right. On your question.of what kind of right issue is attractive. Just look.at dayang latest right issue which was offered at 50%
discount.at 92 sen when the share price is at 1.90. At today price, the shareholders have made 200 %..
23/01/2020 10:10 PM
ciaksai KYY in Dayang vs OTB in Jaks who more powerful to push?
23/01/2020 10:12 PM
ok no worries pjseow, no offense question but just curious what kind of right issue will be attractive enough based on your experience? From my observation so far, most of the share price will either drop to right issue price nearby mostly lower. Unless the right issue is like bonus issue or free warrant but i doubt it cause they already had one right issue warrant and free share or warrant will not give them instant cash. Perhaps they can consider bond issue or bank loan as their gearing ratio now is considered low so they got gearing margin to do loan borrowing. Personally thinking is that paying bank interest is better than diluting shareholder effect.

Because i also suspecting a right issue will be coming but purely just guessing because the cash flow from latest financial statement is not so sufficient and also the pacific star project might be done hence they might need cash for compensation on LAD although provision is made but cash haven't distributed yet.
23/01/2020 10:40 PM
ok Personally thinking that any cooperate activity Timing might be the next quarter result announcement as decent profit is expected while current price lifting could be beneficial for company to give right issue at attractive price (1.4) rather than staying at price (0.8). OR beneficial to operator (JUST GUESSING NO OFFENSE) to raise the share price and volume for ease to dispose.
23/01/2020 10:45 PM
firehawk DK66 Converting 102m warrrants @0.64 will allow the company to raise RM65m for working capital purposes.
23/01/2020 7:32 PM

This sacrifices his own benefit ..... (vs. sell WB at the market and buy mother shares)

In my investment experience ~30yrs, I only saw 1 case, it was Hevea, (can't remember the exact time, could be 10yrs ago). The major director injected cash for operation. The price of Heave raised substantially years after!

Really hope this is a similar case :-)
24/01/2020 12:01 AM
pjseow OK, Based on.dayang.experience, the retail investors dont like to hear the word RI which is taboo to them. I just couldnt understand . If RI.is used properly to purchase a lucrative assets , it is in fact good news. When.mfcb finished its right.issue to finance its Don.Sahong power plant in mid 2016, its.share price shot up from.2.00 to 4.00 within less than.a year. Similarly dayang share price is.up 50 %
after its right issue in Nov. Personally, I think.it is good idea to buy up the 10.% share of the jv within one year after operation by using partially.right issue and partially from the first year earning. The 10 % cost only rm.190 million but its return is 100 million per year assuming 300 million.earning.from the 30% share . The payback.is less than 20months . Even if we assume 250 million.earning per year, the additional 10% will return 83.3 million per year . The payback is.just 2.3 years. Assumimg.a 10%
dilution of right issue but 33 % of additional earning, jaks still have a net 23% increase in eps.. This is worth the exercise. My 2 sen opinion.
24/01/2020 12:09 AM
OTB Posted by firehawk > Jan 24, 2020 12:01 AM | Report Abuse

DK66 Converting 102m warrrants @0.64 will allow the company to raise RM65m for working capital purposes.
23/01/2020 7:32 PM

This sacrifices his own benefit ..... (vs. sell WB at the market and buy mother shares)
---------------
Ans :
It is very fair for Andy Ang to do it voluntarily since he received so many free shares of Jaks from the company.
It is time for him to payback and do it in good deed.

FYI, Hevea case happened in 2015. The owner of Hevea met me in KL to discuss this proposal to convince me to recommend Hevea to my followers.
Thank you.
24/01/2020 12:10 AM
firehawk Posted by OTB > Jan 24, 2020 12:10 AM | Report Abuse

FYI, Hevea case happened in 2015. The owner of Hevea met me in KL to discuss this proposal to convince me to recommend Hevea to my followers.
Thank you.

~Thanks OTB!
just now did a fast checking, it is,
HEVEABOARD BERHAD - WARRANTS 2010/2020

the major shareholder sacrificed 5yrs time-value of the warrant, to inject cash for the co. operation :-)
24/01/2020 12:34 AM
human The action taken is straight forward sold mother share to obtain cash to convert warrant to mother share thus resulting owning more shares. This reflect confident of the company future.
24/01/2020 1:34 AM
PureBULL ... Trying to work out the VALUATION of a PLC is the toughest job to do on earth!
Looks like it's dejavu all over again like was in hy.

A simple crude way to derive, could be the mkt cap per mw of an existing good ipp plc in the same space like
YTLPOWER's installed capacity :
m'sia 1212 mw
s'pore 3100 mw
i'sia 0.2 x 1220 mw
Total 4556 mw = mkt cap $6.52 b

jaks
0.3 x 1200 mw = 360 mw
mkt cap, 6.52/4556 x 360 = ?

price = ? / 561
oso do a few sensitivity tests.
How to justify shouting 2.50 to 5.00 ??

pls be gentlemen to encourage n embrace DIVERSITY of ideas b4 the true VALUE manifests in the stock!
nobody's perfect all the time, only HIM.
24/01/2020 1:49 AM
DK66 PureBULL, Don't worry. Nobody will shoot you for providing credible arguments against buying Jaks.

Please complete your analysis and form your opinion on how much is Jaks good for. Please also provide explanation why you think ytlpower's market cap is a good comparison methodology.

Thank you.
24/01/2020 8:41 AM
pjseow DK 66, OTB, Win 3313, Leapkcfy and all i3 participants
Wishing you a happy and prosperous Chinese New Year.
24/01/2020 8:46 AM
DK66 Gong Xi Fatt Cai to everyone !
24/01/2020 8:47 AM
Tan Tan Post removed. Why?
24/01/2020 9:02 AM
IconForever RM 5-7 Jaks promoters where? Why down?
24/01/2020 9:35 AM
IconForever Razali convert W to sell not the reason down?
24/01/2020 9:36 AM
IconForever Buy Icon OR still cheap at 39 sen. Can gain >2X after CNY.
24/01/2020 9:36 AM
GGLiang Hahaha...OTB bootlickers never learned
24/01/2020 9:51 AM
GGLiang U buy. He sells
24/01/2020 9:51 AM
VincentTang I am really don't understand this IconForever and ciaksai comment as below, just down or in red few cents already said this said that. How come got so shortsighted trader or investor, if like that how to win big. You see, this morning you said down, now in green already. I already said buy and hold until 2021, you definitely will win big because 2021 target price is RM5. We want to win big not few cents peanut gain. Hope you understand.

IconForever: RM 5-7 Jaks promoters where? Why down?
ciaksai: RM 5 to RM 7 who push? Why down today?
24/01/2020 10:48 AM
Hotwires Jaks well supported at 1.40. tested few times and rebounce. Good chance to move higher. Accumulate at this level
24/01/2020 10:59 AM
VincentTang Buy more JAKS and PPHB, sure win stock in 2020 and 2021.
24/01/2020 11:05 AM
huahtai98 Haha...a classic scenario is playing out again.
The previous resistance of 1.43 has now turned into a support level.
24/01/2020 11:41 AM
moneypedia Kong Xi Fuxk Sai ebelibadi Amma appa Pokcik Mokcik Yennade
24/01/2020 12:13 PM
Ricky Kiat my guess is wrong, director razali merican are converted the warrant not GE .

but is not make sense that razali convert warrant for funding company or acquire more jaks share.

first, jaks can easily borrow money from bank or issue a Sukuk because powerplant already reach 90% stage.

secondly, if razali is eager to acquire more share, he should buy more warrant or mother share now & convert his warrant later after jaks start paying dividend.
24/01/2020 12:43 PM
Ricky Kiat anyway, wish our my bro & sister happy Chinese new year.

大财富是等待出来的,耐心是关键。(^-^)
24/01/2020 12:47 PM
Kyou Sifu DK66, may i know whats ur tp of Warrant ??
thanks in advance.
24/01/2020 1:24 PM
deMusangking if have bot, jus keep it! dun ask for target!!!!
24/01/2020 1:28 PM
DK66 The theoretical value for the warrant is the mother share price less the exercise price (RM0.64). If mother is RM2.5, warrant is 2.5-0.64=1.86. Of course, there will be some premium attached to the warrant making it higher than 1.86.

----------------------
Kyou Sifu DK66, may i know whats ur tp of Warrant ??
thanks in advance.
24/01/2020 1:24 PM
24/01/2020 3:46 PM
leapkcfy PJseow and all other sifu for jaks! Especially DK66 and OTB. Happy chinese new year! We will definitely win big on Jaks! And huat all the way through! May good health and wealth always be with u


pjseow DK 66, OTB, Win 3313, Leapkcfy and all i3 participants
Wishing you a happy and prosperous Chinese New Year.
24/01/2020 5:06 PM
OTB I will give a premium of at least 10% if the expiry is > 1 year.
Assuming the target price of Jaks = 2.50
(X+0.64)/2.50=1.1
X = 2.50*1.1-0.64
X= 2.11
The present price of Jaks-WB = 1.20
The potential gain = (2.11-1.20)/1.20%= 75.8%

The present price of Jaks = 1.43
The potential gain = (2.50-1.43)/1.43%= 74.8%

Nothing wrong to buy Jaks-WB at 1.20.

Gong Xi Fa Cai to all readers in I3.
24/01/2020 5:57 PM
sell If I were Razali my motive is to sell mother because no dividend. W not liquid to sell.

Posted by Ricky Kiat > Jan 24, 2020 12:43 PM | Report Abuse
my guess is wrong, director razali merican are converted the warrant not GE .

but is not make sense that razali convert warrant for funding company or acquire more jaks share.

first, jaks can easily borrow money from bank or issue a Sukuk because powerplant already reach 90% stage.

secondly, if razali is eager to acquire more share, he should buy more warrant or mother share now & convert his warrant later after jaks start paying dividend.
26/01/2020 10:07 AM


 

358  242  498  874 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 IMPIANA 0.0250.00 
 DGB 0.135+0.005 
 SUPERMX 1.61+0.09 
 XDL 0.165+0.005 
 HSI-C7K 0.285+0.01 
 XDL-WD 0.02+0.005 
 ALAM-WA 0.0650.00 
 EAH 0.0150.00 
 MYEG-C87 0.055+0.005 
 HSI-H8K 0.175-0.02 

FEATURED POSTS

1. Leveraged & Inverse ETF CMS
Partners & Brokers