Highlights
KLSE: JAKS (4723)       JAKS RESOURCES BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.575   -0.005 (0.86%)  0.565 - 0.59  9,657,100
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Ann. Date Ex Date Payment Date Type Subject Amount View
20-May-2004 27-May-2004 31-May-2004 OTHERS Others 1 : 8 Dividend Detail
05-Nov-2018 16-Nov-2018 21-Nov-2018 RIGHTS_ISSUE Rights Issue 1 : 2 Dividend Detail
Analyze this stock with MQ Trader system

  12 people like this.
 
Aseng I still love your ipp as much as before. My love never change....
17/01/2019 11:01
Aseng I will come back to hold you tight tight again.
Wait for me, my love
17/01/2019 11:02
Aseng Now I let apl love you more and hold you tight tight....
I gonna hold my new girlfriend tight tight now
Bye-bye
17/01/2019 11:05
deMusangking aiyoh!!!! Miss Jaks is richer n more beautiful than ur current gfriend!!!!!!!!
use your head to think!!!!

haha
17/01/2019 11:41
striker888 Hello .6
17/01/2019 12:01
deMusangking Stock: [JAKS]: JAKS RESOURCES BHD

Jan 15, 2019 06:05 PM | Report Abuse

0.60 by end of week!!!!!!
==========================================================
you believe the great bomoh ot the great bodoh???!!!!!!

haha
17/01/2019 12:06
Tan Issac 65 lai lioa
17/01/2019 12:47
Tan Issac buy before you regret
17/01/2019 12:47
東风 Adui, sailang wrong counter, Sapura!
17/01/2019 13:09
mneo Let us see if ah Ang and gangs can push the JAKS back to >RM1.... :-) whoever get stuck pray hard hard lor that Ang and Gangs can continue to push for the sake of warrant ......
17/01/2019 13:25
Tan Issac we ask KYY back to push it to 1.65
17/01/2019 13:36
wayne23 i am in today..hope can get high price
17/01/2019 13:37
John_Lee Roy 8,

There will not be any more share price effect of this BG issue when QR is released. Market has already know of this RM25.5 million. When the amount is reflected in the QR, it is no longer news. A knowledgeable person will discount this amount from his QR analysis. Share price will only react to a surprise; a previously unknown matter/occurrence.

A real life (but not apple to apple) example. Last night after 4D result was released, you took a look and see that none of the winning numbers were yours. You hence accepted that you didnt win. This morning, before you throw your 4D chit away, you double check the numbers. Yup, you didnt win. Will there be any element of surprise that your didnt win? Will there even be a skip of heartbeat? No. Because you already knew you didnt win. This checking is just a confirmation of something you already knew. I hope this makes sense.

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Posted by Roy 8 > Jan 17, 2019 10:14 AM | Report Abuse

jaks is going a report a loss in Q4 after losing the court case with Star Media. watch the downside risk.
17/01/2019 15:24
deMusangking hit 0.60!!!!!!!
hahaha!!!
17/01/2019 15:39
goodguess Today in Star paper, Jaks releasing 50 million to Star. Bonus for Star. buy Star..
17/01/2019 15:44
John_Lee Up slow and steady please. No point rocketing only to collapse back
17/01/2019 15:45
newbie8080 The overall profitability of the Group was affected by the Property Development & Investment division as this division incurred a higher loss before tax of RM42.8 million in the nine months period of 2018 as compared to a loss before tax of RM22.9 million in the corresponding period of 2017. The losses in the Property Development & Investment division were mainly due to the operating expenses, depreciation charge, financing expenses to operate the mall and the allowance made for LAD.
17/01/2019 19:50
newbie8080 No light at the end of the tunnel for the property & investment division?
17/01/2019 19:50
deMusangking https://klse.i3investor.com/servlets/ptres/48766.jsp
17/01/2019 19:54
WiseEye John Lee, your analysis is flawed because when Jaks made the provision of 50m in their books, it is merely an expense in PL and hence does not affect cash flow. Now that the BG is released, there is an actual cash outflow of 50m out from their bank accounts, a devastating blow for cash flow analysts like KC Chong.

The official announcement proved to a real pain now that u need to hand the cash over to Star. It’s now a realized loss and no longer a paper loss. That makes a huge difference to it’s working capital management and operational cash flows. If these are not managed well, they might request for another round of funding.
18/01/2019 01:47
hellokitty123 Post removed. Why?
18/01/2019 01:47
Ron90 run before u die standing ...
18/01/2019 02:39
Haze ok?
18/01/2019 10:44
newbie8080 @ Icon8888

Malakoff currently earns net profit around RM230mil in last 4 quarters.

How J@K$ can earn that much since it has only 1 power plant(1,200MW) as compared to Malakoff's 10 power plant(Total=7000MW) & 5 water desalination plant????

--------------------------------------------------------------------------------------
Posted by Icon8888 > Jan 16, 2019 10:10 AM | Report Abuse

if earning RM200 mil, then we upgrade TP to RM4.00
18/01/2019 11:09
kuauto cny buy
18/01/2019 11:13
2fast4u any advice on this counter?
18/01/2019 11:26
mneo The owner and management is only half cook... Dont trust them too much.... Below 30cents is ok to buy ... Now is too expensive ....
18/01/2019 11:51
993954847305139 goodguess buy star? 买星星报?支持榴莲公主?
18/01/2019 11:52
mneo They might run into cash flow problem....
18/01/2019 11:54
John_Lee WiseEye,

1. No provision has been previously made. Management announced that "RM25.5 million will be charged off in the financial statements of JRB Group for the quarter ended 31 December 2018".

2. Kcchong will tell you that your understanding of cash flows vs share price is inaccurate. When the initial court judgement was made, market had already factored in this cash outflow, resulting in the fall of Jaks' share price. Today's share price is the present value of the company's projected future cash flows. You don't have to wait for the actual cash transaction to adjust the company's valuation.

3. Real cash flow is not affected as the amount was previously sitting in FD which is charged to the bank. It is idle cash that cannot be used. Why the need for fund raising to top up cash that has been set aside?

----------

Posted by WiseEye > Jan 18, 2019 01:47 AM | Report Abuse

John Lee, your analysis is flawed because when Jaks made the provision of 50m in their books, it is merely an expense in PL and hence does not affect cash flow. Now that the BG is released, there is an actual cash outflow of 50m out from their bank accounts, a devastating blow for cash flow analysts like KC Chong.

The official announcement proved to a real pain now that u need to hand the cash over to Star. It’s now a realized loss and no longer a paper loss. That makes a huge difference to it’s working capital management and operational cash flows. If these are not managed well, they might request for another round of funding.
18/01/2019 13:35
Icon8888 two reasons :

(1) in 2007 (you were probably sitting for SRP) , MMC took Malakoff private through a Leveraged Buyout (LBO).

https://www.thestar.com.my/business/business-news/2006/05/16/mmc-set-to-take-malakoff-private/

Basically MMC made use of Malakoff power subsidiaries' free cash flow to raise a bond that raise cash to be distributed to Malakoff minority shareholders as consideration. Those bonds will never really expire. When closed to maturity, they will be refinanced, and the cash raised will be distributed to MMC (everybody loves cash). And then those bonds will be serviced again by malakoff power subsidiaries future Free cash flow.

This is the standard practice. That is why the bulk of Malakoff's profit goes now to service interest payment. In other words, Malakoff's' low profitability is not because the power subsidiaries are not generating high return, as you incorrectly assumed. It is because there are two layers of debts there sucking out most of the profit. One level at gencos (generating companies) and one level at corporate

This is point number one. Please read on for point (2) below

-------


Posted by newbie8080 > Jan 18, 2019 11:09 AM | Report Abuse

@ Icon8888

Malakoff currently earns net profit around RM230mil in last 4 quarters.

How J@K$ can earn that much since it has only 1 power plant(1,200MW) as compared to Malakoff's 10 power plant(Total=7000MW) & 5 water desalination plant????
18/01/2019 14:01
hollandking sure will come back down.
18/01/2019 14:06
Icon8888 (2) Malaysia tariff for power concession actually is two tier structure.

Tier one is usually very high. Because the generating companies (gencos) need to service the debts they raised to fund the construction of the plants. Those debts will typically mature by lets' say 10 years. Once they mature, Tier Two will kick in. Tier Two is usually lower because now the gencos only need to serve the interest of equity holders.

Against this backdrop, a logical thing for MMC to do is to list Malakoff shortly before Tier One expires and Tier Two kicks in, which was exactly what they did in 2014. That is why you see Malakoff earnings dropped from RM500 mil in 2014 to RM300 now in 2018.

That is the reason why Malakoff 's earning now is so weak compared to fresh genco like Jaks' Vietnam IPP.

I hope you are happy with my explanations.
18/01/2019 14:20
newbie8080 @ Icon8888

Thanks for the explanations.
Since your explanations applies for J@K$, then it would apply for Malakoff's subsidiary Teknik Janakuasa Sdb Bhd power plant in Vietnam, 1,200 MW coal-fired power plant at Duyen Hai
It is also similar in size and similar timeline.


------------------------------------------------------------------------------------
https://www.freemalaysiatoday.com/category/business/2016/08/05/janakuasa-begins-work-on-usd2-2b-viet-power-plant/

https://www.thestar.com.my/business/business-news/2015/12/30/janakuasa-to-develop-viet-power-plant/
18/01/2019 14:56
mneo Looking at the owner keep buying back JAKS... You can guess the health of the cash flow... It is not pretty....
18/01/2019 15:03
mneo I wonder if they now regret to push uncle kyy away initially.....
18/01/2019 15:04
Icon8888 Is it owned by Malakoff ? The article mentioned pawanteh
18/01/2019 15:05
ZHYsuper any advice on this counter?
18/01/2019 15:06
mneo Buy more help Ah Ang... If he is successful, JAKS will fly.... :-)
18/01/2019 15:10
Kyou No harm to bet some ah..bcoz its price aldy collapse...
18/01/2019 15:16
mneo Right!!!!
18/01/2019 15:26
mneo Just gamble.... It is either win or lose....
18/01/2019 15:27
newbie8080 http://www.teknikjanakuasa.com/

According to the website header, it's subsidiary of Malakoff

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Posted by Icon8888 > Jan 18, 2019 03:05 PM | Report Abuse

Is it owned by Malakoff ? The article mentioned pawanteh
18/01/2019 15:42
Icon8888 As Long as fresh genco, profit can be expected to be good
18/01/2019 19:15
gg1235 Now just wait for their annual report to see how they have written off their RM25.5 m payout to Star. Was part of the 25.5 million included in their 3rd quarter report? or will see a bigger red in their 4th quarter tune in next time.
18/01/2019 23:05
Aseng At the end of the day you learnt :
Avoid rocket science, you can't understand it.
19/01/2019 11:10
JJchan Ang LP skewed the downtrend chart by a Buying Spree after 50M judgement announcement-----What are the chances he can arrest the downtrend? Chances are none unless he got RM 64m
dumped by YKK-----This 2 sochai Ykk and Ang LP, are fighting a Ghost that got No physical form--
I said wait 2 years until this "ghost" turned into a Latuk Gung that can atleast ingest incense then
we talk
19/01/2019 12:36
Nikmon good good, good news ahead, super good result (as promise by the jaks management),

the star hand over soon, retail mall at middle mirror all install, and the second office also complete soon.

jaks also updated their IPP site photo as at 12 dec, management intention is obvious, double down to boots the share price.

2 weeks before Chinese new year, expect RM 1 before CNY.
19/01/2019 14:00
James Ng http://jaks.com.my/powerplant-progress.php
pics updated 31 Dec 18
19/01/2019 14:31
Abdul Muqse Dear Customers.

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This Funding program allows a client to enjoy 3% low interest rate and payback period of 1 to 35 years. We can approve a loan/funding for up to $500,000,000.00 or more depending on the nature of business we are currently funding for and we satisfy our customers’ financial needs and help them succeed

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19/01/2019 14:35


 

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