Highlights
KLSE: JAKS (4723)       JAKS RESOURCES BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.865   +0.005 (0.58%)  0.85 - 0.885  6,811,900
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Overview

Market Cap: 563 Million
NOSH: 651 Million
Avg Volume (4 weeks):23,920,275
4 Weeks Range:0.825 - 1.17
4 Weeks Price Volatility (%):
11.59%
52 Weeks Range:0.62 - 1.57
52 Weeks Price Volatility (%):
25.79%
Average Price Target: 0.95
Price Target Upside/Downside: +0.085
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2019 [#4]  |  27-Feb-2020
Next QR | Est. Ann. Date: 31-Mar-2020  |  09-May-2020
T4Q P/E | EY: 5.18  |  19.29%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.4367  |  0.60
T4Q NP Margin | ROE: 4.35%  |  11.61%

Headlines

Date Subject
29-May-2020 Jaks Resources - Funding for the 10% option.
27-May-2020 Jaks Resources Berhad- Rights Issue To Raise Up To RM160.9m
24-May-2020 Jaks Resources - Right Issue With Free Warrant
20-May-2020 JHDP VALUATION BY USING DCF wacc METHOD (1. Find out FCF 2. Find out NPV)
16-May-2020 Jaks Resources - Same PPA Pricing for JHDP and Vinh Tan 1
14-May-2020 Jaks Resources - FCFE derived by Public Investment Bank
14-May-2020 Flaw in the computation of JHDP profit by PBB vs My Calculation
11-May-2020 Jaks Resources - How I bought Jaks ?
06-May-2020 Trading Stocks - JAKS Resources
05-May-2020 Jaks Resources - Vinh Tan 1 Power Plant in Vietnam Made RM652m in 2019 !
02-May-2020 Jaks Resources - Who controls JHDP ?
01-May-2020 Jaks Resources - The Most Reliable Earnings Guidance for JHDP
01-May-2020 (Icon) Jaks Resources - IRR Model Shows That RM300 mil Net Profit p.a. For 30% Stake Is Plausible
01-May-2020 (CONNIE555) JAKS - WHAT OTB SAY IS REAL!!!
23-Apr-2020 Jaks Resources - Risk factors
20-Apr-2020 Jaks Resources - Risk assessment by CPECC
18-Apr-2020 Jaks Resources - An investment story made simple to understand
12-Apr-2020 Jaks Resources - Impact of Covid19
03-Apr-2020 Daily Technical Highlights – (JAKS, CARIMIN)
18-Mar-2020 M+ Online Technical Focus - 18 March 2020

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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  25 people like this.
 
qqq33333333 jaks speculators.................pitiful
01/06/2020 12:52 PM
mf run
01/06/2020 12:52 PM
BlessedInvestor Hi Philip, my humble view is at today price of about 87 sen is a good bargain if you subscribe for 40 sen right with free warrant as power plant is expected COD by Oct 2020, with synchronization expected in June/July 2020. 2018 is warrant right issue. Asking for 40 sen every 2 shares held is not excessive as power plant is big project. MFCB did the right issue also previously.

Retail investors already bought the shares earlier should not sell out of panic at this price of 87 sen but should subscribe for right issue with warrant.
01/06/2020 1:02 PM
paktua73 paktua begging to all chief naysayer here..
please come to HLT forum..
bring all demon view..
condemned analysis beat us there..
until now no good naysayer dare to come..
Huhuhu..how come price can pull back down..
many train n lorry waiting..
at lower canot cari makan..



tut tut
I'm begging you..
01/06/2020 2:38 PM
Tiger66 start to breakdown liao
01/06/2020 3:19 PM
Henry8833 To me timing just nice. I am selling glove stocks as glove stocks are peaking and will buy more jaks and subscribe for RI. Price expected to jump after COD.
01/06/2020 3:30 PM
Tiger66 lagi lagi turun tunggu lagi turun
01/06/2020 4:20 PM
jonbravo Hold one year? Why not suggest hold 10 years?
01/06/2020 5:34 PM
maxprofit2020 Jaks Resources Berhad- Rights Issue To Raise Up To RM160.9m
Date: 27/05/2020

Source : PUBLIC BANK
Stock : JAKS Price Target : 0.77 | Price Call : SELL
01/06/2020 5:39 PM
Henry8833 This price target is after dilution from the cash call. If you subscribe for RI at 40 sen. Your average price will be lower. Let say my average price is 90 sen. I subscribe for RI at 40 sen. My average price become 73 sen. Public bank evaluation not taking into potential earnings from power plant yet.
01/06/2020 5:49 PM
DK66 29 May 2020 2,000,000
Acquired Direct Interest
Name of registered holder Ang Lam Poah
01/06/2020 7:54 PM
saatjw DK66 please add me to your JAKS group chat.
01/06/2020 8:31 PM
DK66 added

saatjw DK66 please add me to your JAKS group chat.
01/06/2020 8:31 PM
01/06/2020 9:07 PM
marcofu88 DK, please add me to your Jaks group chat.

Thanks
01/06/2020 9:56 PM
Windy1974 Philip. Indeed the management was not acting in the best interest of shareholders. For self interest? FYI, i have sold all my JAKS shares due to uncertainty. Only holding 150k of JAKS-WB now at 0.623 everage price.
Let's see what happen...
If all DK66 followers willing to support me, i will be a dumb CEO of JAKS and promise to cease all JAKS business except PP. I will distribute JAKS 80% income as dividend. And i will get a mediocre RM50k monthly salary.
Please support me when the time comes. Will buy back approaching COD


Philip ( buy what you understand) So, now that we have not 1 rights issue but 2 in recent years, with more dilution expected, the question becomes what happened to the money? The construction gains that was supposed to pay for the 30% ownership? Why are JAKS investors being asked to dilute in such a way right in the middle of MCO when price is at the weakest.

Can honestly say that management is acting in accordance to shareholders interest? Now with the underwriting and alp dilution to buy 50 million of shares at 40 cents in JAKS, have you ever wondered where alp is going to get the money to do such an activity?

Yes the PP is very straightforward. But you as the minority shareholder, have you received any dividend from JAKS before?
01/06/2020 10:00 PM
ZStrader anyone can share calculated on RI with free warrant at 0.85 sen... so how much mothershare cost !!
01/06/2020 10:08 PM
DK66 added

marcofu88 DK, please add me to your Jaks group chat.

Thanks
01/06/2020 9:56 PM
01/06/2020 10:19 PM
bfg9000 Bro Windy1974 - wishing you all the best to build the base for your move. For one I am firmly in the "Anyone But Andy" camp here and you for sure can get those meager voting rights I have if it comes to that. The current management handled communications really badly, all decisions are not rationalised to the shareholder, information kept in a black box and dilutionary corporate exercise hold at the worst timing in the market.
01/06/2020 10:54 PM
makelittlemoney this 1 will soon become sapura kencana..
01/06/2020 11:01 PM
makelittlemoney all those people in DK66 group will be braishwashed by him.. he gonna sell his share to u
01/06/2020 11:02 PM
huahtai98 Haha....ALP wants a bigger controlling stake....naturally he wants to buy Jaks at a lower price.
Is this rocket science?
01/06/2020 11:04 PM
Rookieboombpipi Pls see Harry FB live now. Talk about how OTB give stupid high TP. Laugh died me
01/06/2020 11:20 PM
Rookieboombpipi Still fish ppl chase glove. Stupid
01/06/2020 11:20 PM
Rookieboombpipi Comfort
Comfort produces 5.4*1.12 = 6.048 Billion rubber gloves a year.
85% is Nitrile gloves, 15% is Latex gloves.
Comfort produces 5.14 billion Nitrile gloves a year (85%)
Assume the selling price of Nitrile glove at USD 0.03 per piece or RM 0.126
Total revenue of Nitrile gloves = 5.14 billion*RM 0.126 = 647.64 million
Comfort produces 907.20 million Latex gloves a year (15%)
Assume the selling price of latex glove at USD 0.02 per piece or RM 0.084
Total revenue of latex gloves = 907.20 million*RM 0.084 = 76.20 million
Grand total revenue = 647.64+76.20 =723.84 million
At 30% margin, PBT = 217.15 million
Assume 20% tax, PAT = 173.72 million
NOS = 583 million
EPS = 173.72/583 = 0.30
If PER = 20, the target price = 5.96.
If PER = 26, the target price = 7.75.

Supermx
Supermx produces 26 billion rubber gloves a year.
63% is Nitrile gloves, the balance 37% is latex or other gloves.
Supermx produces 16.38 billion Nitrile gloves a year (63%)
Assume the selling price of Nitrile glove at USD 0.03 per piece or RM 0.126
Total revenue = 16.38 billion*RM 0.126 = 2.063 billion.
Supermx produces 9.62 billion Latex gloves a year (37%).
Assume the selling price of latex glove at USD 0.02 per piece or RM 0.084
Total revenue = 906.75 million*RM 0.084 = 808.08 million
Grand total revenue = 2.063 billion + 808.08 million = 2.871.96 billion
At 30% margin, PBT = 861.59 million
Assume 20% tax, PAT = 689.27 million
NOS = 1,360 million
EPS = 689.27/1360 = 0.51
If PER = 20, the target price = 10.14.
If PER = 26, the target price = 13.18.

Topglov
Both Maybank and Macquarie give a target price of RM 20.00 for Topglov for FY 2021.
Topglov listed in SGX closed at SGD 6.35 today.
Assuming 1 SGD = RM 3.07,
Topglov listed in SGX closed at RM 19.50 today.
I believe the target price of Topglov listed in KLSE at RM 20.00 is achievable.

The reasons I revised up the target price
The price increase example is obtained from Supermx's analyst briefing note.
Before COVID-19, the price of gloves was USD 90, and the selling price of OEM was about USD 25.
The profit margin of the manufacturer is about 9%-13%.
Today, the price of gloves has reached USD 150, of which the manufacturer's Selling Price increased to USD 110.
The distributor's Mark-Up Price has decreased.
The Manufacturer's selling price of gloves had increased from USD 25 to USD 110, an increase of 340%.
My recommendation
I set the target price of Comfort ranging from 5.96 to 8.95. The minimum target price is at 5.96.
If you buy Comfort at 4.20, the potential gain is 42%.
I set the target price of Supermx ranging from 10.14 to 13.18. The minimum target price is at 10.14.
If you buy Supermx at 7.95, the potential gain is 28%.
I set the target price of Topglov at 20.00.
If you buy Topglov at 15.54, the potential gain is 29%.
01/06/2020 11:26 PM
Rookieboombpipi OTB soon will make more ppl jump from building very soon. Lets see.
01/06/2020 11:27 PM
Rookieboombpipi History repeat, Hengyuan, Masteel..
01/06/2020 11:28 PM
5354_ If you buy Jaks make sure you have money for coming right issue.
02/06/2020 5:52 AM
5354_ Beside gloves stocks I think below 10 sen counters in play.
02/06/2020 5:53 AM
Philip ( buy what you understand) Hi windy? How do we support you.
1. We do not know your real name, and can only assume you are 46 years old.
2. You have sold all your Jaks shares, how can we support you to become CEO of JAKS when you don't support it yourself?
3. Do you have any experience in power plant, business management or previous experience as CEO? More importantly, is Jaks your father company?
4.alp has 50 million to buy cheap Jaks shares, do you have the same? He also had 80 million underwriter in proxy share to support him during bod meeting, how about you?
5. I doubt the total retail buying capability of dk66 followers can commit to more than 8% of outstanding shares. And I don't think 50k monthly salary is mediocre for you. But even 600k yearly salary is enough for you to change management, if KYY couldn't do it, what makes you think you have the ability to do so?

Good luck anyway.


>>>>>>>

Windy1974 Philip. Indeed the management was not acting in the best interest of shareholders. For self interest? FYI, i have sold all my JAKS shares due to uncertainty. Only holding 150k of JAKS-WB now at 0.623 everage price.
Let's see what happen...
If all DK66 followers willing to support me, i will be a dumb CEO of JAKS and promise to cease all JAKS business except PP. I will distribute JAKS 80% income as dividend. And i will get a mediocre RM50k monthly salary.
Please support me when the time comes. Will buy back approaching COD
02/06/2020 7:23 AM
IronShirt I guess Director Razali Merican is disposing some shares and used the proceed to buy warrant
at 40c to average down. Basically he gets back the same amount of shares with 30% discount
02/06/2020 8:51 AM
BlackWhite Nothing hard to run a power plant like a lorry operation. Make sure plant engine at max efficient no breakdown n source for cheapest fuel that's all
02/06/2020 8:51 AM
cskek81 https://klse.i3investor.com/insider/director/4723/01-Jun-2020/149282_3047792083.jsp
02/06/2020 8:52 AM
leo123 DK, please add me to your Jaks group chat
02/06/2020 9:28 AM
DK66 you were already added long ago

-----------------
leo123 DK, please add me to your Jaks group chat
02/06/2020 9:28 AM
02/06/2020 9:34 AM
leo123 Thanks DK66
02/06/2020 9:40 AM
Value9 go go go jaks . hold tight tight
02/06/2020 9:46 AM
JJchan Even Dso ran out of steam ( others Rally stocks also resting )----Jaks has consolidated 30% in 4 days without dilution of shares---Just Fear----Next Leg Up coming this week
02/06/2020 9:54 AM
hosehliaoo @rookieboombpipi, Really no moral and no respect simply posting other people's work like this. For serious matter he can sue you for copyrights and slander.
02/06/2020 9:59 AM
Value9 is time to collect liao . engine starting
02/06/2020 10:07 AM
Windy1974 Philip. I was pulling everyone's leg lah. I won't get enough support as you highlighted. Maybe OTB can lah. Mathematically, it could be done. From paper, ALP seems to hold less than 20% shares? Of cos lah, don't know he got how many nominees and allied. Management taakeover hardly successful in Malaysia and i won't waste my time doing that.
RM600k per year is a lot of money but i was comparing relatively. If JAKS could earn RM200m a year, won't you give thumbs up to CEO only making RM600k?
Yes, i am 46 years old and am a businessman. Not claiming i am a very successful one but if PP already in place and run by China conglomerate, the least i do the least damage i bring to JAKS haha.
FYI, i will buy back JAKS at 1 stage. Not to show off but my total holdings consider top 30 shareholders
02/06/2020 10:07 AM
Value9 kyy will coming jaks again. hahaha
02/06/2020 10:35 AM
Rookieboombpipi I believe rubber Glove stocks have not hit the peak yet.
These stocks are back up with good fundamental.
Unlike 1993 bull market, many stocks are not back up with good fundamental.
I recommend to buy on weakness on Comfort and Supermx.
The game is not over yet.
The final decision to buy is always yours.
Tq. Ooi

See sohai otb.
02/06/2020 11:41 AM
Windy1974 bfg9000. Minority shareholders rights are often ignored in Malaysia because 1. authority don't care and 2. Minority shareholders don't care.
Most retail participants in KLSE are speculators and not investors. Those old timers in their 50s and above who was slaughtered in 1993/1997 was gone and now seems to be a new generation of them since the Covid 19 pandemics.
Don't try to change the culture, you are better off changing yourself


bfg9000 Bro Windy1974 - wishing you all the best to build the base for your move. For one I am firmly in the "Anyone But Andy" camp here and you for sure can get those meager voting rights I have if it comes to that. The current management handled communications really badly, all decisions are not rationalised to the shareholder, information kept in a black box and dilutionary corporate exercise hold at the worst timing in the market.
02/06/2020 11:42 AM
ramada 「不是你不知道的東西讓你陷入麻煩,讓你陷入麻煩的是你確信但又並非如此的東西。」

「It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.」

It is good to be confident, but don't too over until you put yourself into denial mode. Hope you guys earn big in the bear market.
02/06/2020 12:02 PM
sense maker OTB has jumped off this boat entirely?
02/06/2020 2:19 PM
karimboss My old friend Mr Ooi Teik Bee is a very reliable and famous fund manager. He circulates his weekly share analysis report to his 1,000 subscribers. His yearly subscription fee is Rm 1,000. If you are interested you can contact him 01112813880 or email: tbooifx@gmail.com.

https://koonyewyin.com/2020/06/02/glove-share-price-correction-is-a-healthy-sign/?fbclid=IwAR3yGYGDsZEi_IR7i5tWpOtBPSJjRX70SZwAck2zigLPpUo_DSn2bwOCyes

OTB got so many member, huat chai lo. 1000 subscribers
02/06/2020 5:06 PM
gemfinder macam ini punya analysis oso call famous fund manager ka... hahaha, pui sohai otb
02/06/2020 5:10 PM
bfg9000 So it looks like OTB and KYY are bff again. There are no permanent friends or enemies in politics and in business I guess.
I thought when things are not so well, KYY describes OTB as remisier rather than fund manager as KYY thinks of himself as the super fund manager.

Well, OTB analysis used to be famous for being FA based. But these days both are more famous for TA. Or rather, not much different from everyone else shouting gloves day in day out.
02/06/2020 7:14 PM
stockraiderr mani ppl are jealous of ooi because he is making money , ppl like gemfinder becomes garbage finder!
02/06/2020 7:17 PM
bfg9000 If JAKS does live up to the number, the next one that will attract subscribers will be DK66.

Nevertheless, one thing people should learn really is the lesson from crypto. DYOR - Do Your Own Research. People say buy you buy, its your money, your call. Don't blame people later as liar whatever thing if it doesnt go well.

Take ownership of your investment decision
02/06/2020 7:17 PM


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