Highlights
KLSE: JAKS (4723)       JAKS RESOURCES BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.98   +0.03 (3.16%)  0.95 - 0.985  8,051,100
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Overview

Market Cap: 512 Million
NOSH: 522 Million
Avg Volume (4 weeks):7,084,600
4 Weeks Range:0.80 - 1.03
4 Weeks Price Volatility (%):
78.26%
52 Weeks Range:0.80 - 1.84
52 Weeks Price Volatility (%):
17.31%
Average Price Target: 1.43
Price Target Upside/Downside: +0.45
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2018 [#2]  |  28-Aug-2018
Next QR | Est. Ann. Date: 30-Sep-2018  |  22-Nov-2018
T4Q P/E | EY: 3.46  |  28.88%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.4028  |  0.70
T4Q NP Margin | ROE: 17.25%  |  19.29%

Headlines

Date Subject
19-Sep-2018 Stocks on Radar - Jaks Resources
19-Sep-2018 Technical Analysis - Jaks Resources
17-Sep-2018 What you must know about JAKS
15-Sep-2018 Jaks- trend reversal
05-Sep-2018 [转贴] [JAKS RESOURCES BHD,越南EPC的建设工程进度如期进行,马来西亚建筑部门进展符合预期,降低成本并改善房地产开发和投资部门的业绩] - James的股票投资James Share Investing
29-Aug-2018 (Icon) Jaks Resources (4) - Doing Reasonably Well
29-Aug-2018 How Human Behaviour Affects Investment Decisions - Koon Yew Yin
29-Aug-2018 Jaks Resources - Lower Progress Billings Drag 2Q18
29-Aug-2018 Jaks Resources Berhad - Within Expectations
24-Aug-2018 JAKS - We Sold to Meet Margin Call - Koon Yew Yin
21-Aug-2018 (CHOIVO CAPITAL) Why Business Sense is not enough. (JAKS)
13-Aug-2018 黄金10年-400-突破400期/捷硕资源
08-Aug-2018 Jaks and Some Twisted arguments on Share Margin Finance (MF) kcchongnz
04-Aug-2018 Jaks is on Cheap Sale - Koon Yew Yin
31-Jul-2018 (Icon) Jaks Resources (2) - Ignore The Wild Talks And Hysteria. Stick To Fundamentals
31-Jul-2018 PublicInvest Research Headlines - 31 Jul 2018
31-Jul-2018 Mplus Market Pulse - 31 Jul 2018
30-Jul-2018 [转贴] JAKS 和 MFCB - 发电厂项目对比 - RH Research
30-Jul-2018 PublicInvest Research Headlines - 30 Jul 2018
28-Jul-2018 Technical View of Jaks

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.
Analyze this stock with MQ Trader system

  9 people like this.
 
coldinvestor They have no choice but to push up the price to 1.20 in the next 3 months.
19/09/2018 10:45
qqq3 halite


grow some balls.

my take...this thing, slowly slowly go up
19/09/2018 10:48
Halite Dk66,

Cash profit is an investor term to assess the the promise of sky and heaven

Accounting profort is what you said international accounting practice
19/09/2018 10:50
SALAM Take some chips off the table BEFORE the next margin sale..
19/09/2018 10:50
Halite If you want to see crocodile show, you must buy and irritate him, then sell to him
19/09/2018 10:55
Halite We enjoy the ride to make our day exciting

Not anxious to enter, always enter at a lower price than your previous sold.

Why dumb dumb hold to see our profit come and go when you know there may be a crocodile waiting to prey on you.
19/09/2018 11:05
qqq3 halite



this thing will go up a lot faster once exercise price have been fixed.....Normal.
19/09/2018 11:07
Livermore good contra gain
19/09/2018 12:21
wkl318 I too am curious to know what ails Mudajaya as my last contact with the company was way back in 1985 on a power station project where Mudajaya was the contractor for earthworks. It is now 33 years past and I presume some of the directors could have changed. My experience with contractors is that if their pricing is wrong or management is poor, they would likely suffer liquidated and ascertained damages simply with incorrect pricing, they would struggle to get subcontractors to do the job at the low price. The have to keep replacing subcontractors and that cause delays and subsequently suffer L&D. I reckon we need to know how competent Jaks is in their management and hence future performance.
19/09/2018 13:30
Halite hengyuan is an good example of a promise of sky and heaven

at the end, where is the sky ? where is the heaven ?

what had happened to those dumb-dumb hold ?

long long ago,
i was also one of the strong supporters or believers of mudajaya power plant in India,
a sure win investment if you have the holding power.
at the end ,
where is the profit ? the strong recurring income ?
i don't know .... don't want to know ....
because it is already none of my business
19/09/2018 13:35
wkl318 It would certainly be an advantage to have Mr Koon as a director of Jaks.
19/09/2018 13:40
pang72 How?
19/09/2018 13:43
kcchongnz Posted by Icon8888 > Sep 19, 2018 04:39 AM | Report Abuse
This is one stock that can potentially go up by 100% over next two years. Stick to it. Don't go in and out for peanut gain.
And also , don't be chicken. If it drops back to 80 Sen, let it be. Remember, it is merely paper loss.
Pick right, be patient and aim high. Big money is always made like that.

Posted by Icon8888 > Sep 19, 2018 10:04 AM | Report Abuse
Why so bloody complicated. Stick to fundamental lah


Icon8888, I kind of slowly getting agreeable to your first statement above.

Your statement also praised by the biggest shareholder of Jaks, which I am very sure that he is very sure the huge potential of Jaks in its power plant in Vietnam.

The most important information we need to know to invest in Jaks is the future cash flows from its power plant. After the discussion with DK66 and doing some project financial analysis myself (IRR and NPV) with whatever information I can gather, there is some plausibility in the huge potential of the power plant.

But it does get very "bloody complicated"; why did he sell down from RM1.80+ to less than RM1.00 in such a big way, with all the information he has that Jaks has such a huge potential.

I think you also know to double the share price in two years is hell of a great investment. Why can't wait for two years?

You know 李香兰 waited for 三年?
19/09/2018 13:50
coldinvestor 买夠了就唱好是非常正常的行為,现在很多大師非常热衷这样做,尤其是当你有了影響力,可让股價在短期內达到一年或兩年后应有的价位。
19/09/2018 14:19
coldinvestor 所以在這裡,我最佩服kcchongnz先生的分享,因为他所分享的文章是在敎导我们如何进行精明与理智投資,从不推薦某某股未来有多好,如果不投資是股友的损失。再一次,谢谢KC!
19/09/2018 14:29
lching 正常不表示合乎道德伦理。
19/09/2018 14:39
coldinvestor 这是大部分人的本性, 但願者上钩。
19/09/2018 15:10
GoldenShares 李香兰 waited for 三年, meaning ??? : )
19/09/2018 15:28
Halite make it uncle gives you angpao

do not make it you give uncle angpao

uncle not 李香兰 can wait for 三年
19/09/2018 15:46
jibbie rm1 coming soon
19/09/2018 16:14
PVA1 Go UK
19/09/2018 17:26
19/09/2018 17:28
SarifahSelinder ni la yg I suka

I baring je tonton westling n dpt rezeki mcm tu je

blum habis ni cerita ni
19/09/2018 18:04
abang_misai Huat ar... warrant cominh
19/09/2018 18:30
Investor48 Huat Ar..!
Up again..

Hehe...
19/09/2018 18:36
steady31 Let MFCB be your guide With power plant 260MW to complete 6 months earlier than Jaks,its price already doubled from 170s to above 350s.Not impossible for Jaks to go up fast from here
19/09/2018 18:43
wkl318 I have no idea about Mudajaya's power plant project in India nor any power plant projects in Vietnam however for readers interest, I was involved in a power plant project in Terengganu in early 1980s. The civil and structural and related works which had a large building housing the three turbines costs about RM900m in those days. Interestingly the three turbines cost about RM600m i.e. two-thirds the project cost. Nothing spectacular about the construction of the power station, except that it is important to have a sound foundation that can safely carry the vibratory load from the turbines. For your information the engineer who designed the turbo-generator foundation for the turbines worked in conjunction with a professor in the University of Singapore. Later this engineer were to design the foundations for our Petronas Twin Towers in a very difficult subsoil condition. The turbines were from France. The project was completed on time and within budget. For your interest Mudajaya at that time was the earthworks contractor for this project and had a young graduate engineer from an Indian University by the name of Krisnan Tan.
19/09/2018 19:03
Jon Choivo kcchongnz,

So basically using management estimated IRR and NPV is the best thing we have going on for now?
19/09/2018 19:06
valuelurker The IRR of 12% is to equity, not to project, and no this is a statement, not a guess

The returns per annum are circa USD 20-25 mil (which assumes a certain financing structure of course) and that has not taken into account the loans/bonds which would need to be paid back to the banks

If you do not have an understanding of DCF's, dont invest in an IPP, stay within your circle of competence and do not mislead people
19/09/2018 19:15
Icon8888 IRR is derived by solving the DCF equation such that it equals zero

it involves a lot a lot of information

I don't understand how people can claim that they know the economics of the project without knowing details of the Capex pattern during construction period, and the subsequent 25 years' capacity payment, operating expenses, tax expenses, maintenance capex (if any), interest rate, loan repayment structure (tranches, tenure, etc)

for me, I would rather tell myself that I don't know, instead of simply jumping into conclusion
19/09/2018 20:39
Icon8888 that is why when people asks me about IRR, cash flow etc, I tell them don't bother to guess, if the details are not available

I know what I am talking about because I spent a lot of my time working on power projects during my previous job
19/09/2018 20:43
Halite valuelurker,

i wish to learn from you ,

mind to explain what is "(which assumes a certain financing structure of course)" ?




Jon Choivo estimated the interest cost is as follow

"Interest Expense

Now, the loan is RM5.6 bil. At 7.5%, that is RM420mil a year in interest cost."


thank you
19/09/2018 20:44
Icon8888 Jon Choivo simply slaps a 7.5% interest rate on the borrowing

ask him his estimate is based on what assumptions ? what credit rating ? what tenure ?

and on what basis does he believe that the loans deserve such credit rating ?
19/09/2018 20:48
Icon8888 and ask Jon choivo what is his assumptions about capacity payment structure ? doe it exist ? what is the rate ? how many tiers ?
19/09/2018 21:04
Icon8888 has management ever provided NPV estimate ?

========

Jon Choivo kcchongnz,

So basically using management estimated IRR and NPV is the best thing we have going on for now?
19/09/2018 19:06
19/09/2018 21:11
paperplane Icon bro, longtime no see
19/09/2018 21:11
Icon8888 hi plane, how are you ?
19/09/2018 21:20
paperplane Ijacob, your fav type of turnarounds story
19/09/2018 21:32
paperplane Forget jaks lah
19/09/2018 21:32
Halite Dear bro Icon8888,

if I demand so much information from Jon , then he may think I want to cari gaduh with him
I purposely quoted Jon estimation because I know most probably there are sifu here who will not agree .

actually my worry is also the worry of most of the readers here
that is,
when the plant has started operation in 2020, how much is the cash inflow and how much is the cash outflow

not so complicated lah......
moreover not many here prepare to hold this stock for life , including uncle
19/09/2018 21:32
paperplane Ypu can make tons of stories for ijacob.
19/09/2018 21:33
Halite I learnt some basic NPV from KC and google

if you can kindly share with us , I think I can understand a little bit lah....
mind to share with us ?

Icon8888 : has management ever provided NPV estimate ?
19/09/2018 21:37
Icon8888 Plane I will take a look at ijacob
19/09/2018 21:38
Halite regarding the capacity payment structure, I remember DK66 said can google to get the information, then don't need to trouble Jon lah......
if can't find , then I will come back here to seek help

Icon8888 : and ask Jon choivo what is his assumptions about capacity payment structure ? doe it exist ? what is the rate ? how many tiers ?
19/09/2018 21:42
Halite then hit and run can be a right strategy , long term should be a bit risky



Icon8888 :How to derive NPV if there is no details of the cash flow ? Maybe you should ask Jon Choivo
19/09/2018 21:4
19/09/2018 21:45
paperplane Halite.. You also here
19/09/2018 21:49
Halite Paperplane sifu ,

nice to meet you again .
19/09/2018 21:56
Halite brother Icon8888,

very good,
this is the icon8888 we like most
honest and willing to share the truth


Icon8888: IRR is derived by solving the DCF equation such that it equals zero

it involves a lot a lot of information

I don't understand how people can claim that they know the economics of the project without knowing details of the Capex pattern during construction period, and the subsequent 25 years' capacity payment, operating expenses, tax expenses, maintenance capex (if any), interest rate, loan repayment structure (tranches, tenure, etc)

for me, I would rather tell myself that I don't know, instead of simply jumping into conclusion
19/09/2018 22:01
qqq3 I guess if you are Joe Low and 1 MDB, IRR and NPV calculations were never carried out.

But this is a private entity and a Chinese JV.....there are tons of IRR and NPV calculations before they commit billions to the project.
19/09/2018 22:10
RainT wah ....JAKS really lucky

can gather all sifus in this forum to discuss and argue

JAKS really have prospect
19/09/2018 23:16


 

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