Highlights
KLSE: JAG (0024)       JAG BHD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.23   +0.005 (2.22%)  0.22 - 0.23  4,140,900
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DANNIE theedgemarkets.com

June 01, 2020 12:38 pm +08

JAG to double maximum carbonation treatment capacity by June 2020
-A+A
KUALA LUMPUR (June 1): Total waste management outfit JAG Bhd posted a net profit of RM1.54 million for the first quarter ended March 31, 2020 (1QFY20) versus a net loss of RM6.19 million a year earlier, on higher revenue recorded by the manufacturing division and the sales of high purity precious metals.

Revenue for the quarter rose 46.3% to RM37.39 million from RM25.55 million previously. Earnings per share was 0.08 sen versus loss per share 0.41 sen earlier.

In a statement, JAG executive director Datuk Ng Meow Giak said while it has been leveraging strong commodity prices, the group has also continued its efforts to optimse efficiency of its production process.

“To this end, we have invested RM3.6 million in capital expenditure, which is expected to double our maximum carbonation treatment capacity when it is fully operational in June 2020.

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“With this, we foresee an increase in capacity, which will drive up revenue for our e-waste management division,” said Ng.

Ng said JAG kicked off the 2020 financial year on a positive note, with a marked improvement in its financial results.

“This was despite the implementation of the movement control order (MCO) on March 18 which halted our operations at the tail-end of the quarter under review."

Ng said the group has formed a crisis task-force responsible for monitoring and implementing strict safety work procedures that fully complies with the regulations set by the National Security Council (NSC) as it allows the group to operate safely and be prepared for similar situations in future.

He said JAG also remains cautiously optimistic of its outlook for the year as the Malaysian government has identified the electrical and electronics (E&E) industry as an essential sector during the MCO, reaffirming its importance to the economic eco-system.

“On the whole, the outlook for the (E&E) industry in Malaysia is encouraging on the back of the acceleration in technology.

“In fact, we believe the E&E industry, which we are dependent on for raw materials, will play a critical role in terms of structural reforms to reduce vulnerabilities in the country due to the immense opportunities in areas such as remote working, virtual learning and e-commerce.

“Although the year will be challenging, we believe we will be able to turn in a positive year, as the supply from current contracts are still being honoured by suppliers,” said Ng.

He added that JAG has a sufficient cash level of RM46 million as of March 31, which can be realised gradually to improve cash position.
03/01/2021 9:57 PM
tumbler Bought JAG today since JAG is expected growth in short term due to :
1) Lower PE among same industry . JAG-PE17 ,Texcycle -PE67. Very obvious JAG share price will increase to close up Texcycle PE gap.

2) Company full run on their new machine and generate more 100% capacity will definitely boost the revenue and profit in coming quarters.

3) Share NTA RM0.35 per piece . Just tell me now where can you see ACE market counter with more than 35cents NTA and it share price below 30cents? Nowadays , all the profitable ACE market counter with NTA>30 cents , price at least 50 cents above. JAG now only 26 cents , definitely cannot find in market.

4) JAG financial quarter result profit continuing increase 3 quarters consecutively.

5) based on latest quarter 0.6 cents x 4 quarters =2.4 cents EPS , JAG expected minimum target 2.4 x30PE = RM0.72. target price. PE 30 still 2 times plus lower than TEXCYCLE PE.

6) International commodity price increase currently also a booster for increasing profit margin of JAG and expected international commodity price will gradually up since so many countries in the world unlimited printing money.

This JAG extremely undervalue and expected can boom anytime in short term.
05/01/2021 12:47 PM
HumanDonkey when this counter wanna fly......
05/01/2021 6:24 PM
newbie1805 i oso waiting~
05/01/2021 9:33 PM
Eastern686 Jag TP 40¢. Come on.
05/01/2021 10:29 PM
dorymn waiting waitingggg
06/01/2021 8:44 AM
talib59 jag's 28 now. Go go go
06/01/2021 10:46 AM
johotin88 Need larger volume to break higher.
06/01/2021 11:12 AM
dorymn come one JAG!
06/01/2021 2:37 PM
mhanaS lame. as usual.
06/01/2021 9:41 PM
HLTGang please drop to 0.2
06/01/2021 10:40 PM
HLTGang hopefully tomorrow can get 0.20
06/01/2021 10:41 PM
HLTGang short selling to 0.20
06/01/2021 10:42 PM
HLTGang i am waiting at 0.20
06/01/2021 10:42 PM
wooming copper price rise to the new high
07/01/2021 8:44 AM
faizal https://klse.i3investor.com/servlets/stk/chart/0024.jsp
6 Aug 2020 JAG Share Consolidation 4 INTO 1
07/01/2021 9:33 AM
BabyAce This JAG always when copper make new high it will drop. Always opposite punya
07/01/2021 10:23 AM
Jovan it drop because of market sentiment due to political uncertainty..
07/01/2021 10:24 AM
wooming major correction
07/01/2021 11:48 AM
wooming all contra losing
07/01/2021 12:25 PM
Superb99 nobody look at copper price now as there are too many uncertainties in the market
07/01/2021 2:38 PM
Joey 9696 drop more collect more..hehe
07/01/2021 3:17 PM
VLVL https://www.thestar.com.my/business/business-news/2021/01/07/copper-price-hits-8-year-high-on-stimulus-hopes-supply-fears
07/01/2021 4:20 PM
Cloud77 Waiting for new HOPE....if any lahhh....
07/01/2021 11:58 PM
mhanaS this lame counter only spike on syndicate moves. Q up >20k lot pattern very predictable.
Investors entered at 17 sen now can cash in
08/01/2021 12:19 AM
VLVL Just buy and keep. Cooper is historical high at 8179 usd now. Don't care bout syndicate or operator. It is already confirmed next Qreport will be a superb one. Don't sell cheap, keep accumulate
08/01/2021 8:59 AM
wooming oh force selling loh
08/01/2021 1:55 PM
stevenckheng waaa drop so much
08/01/2021 3:14 PM
Joey 9696 CNY SALES!!!
08/01/2021 3:16 PM
mhanaS Accumulating as price falling? Till when? 16sen??
Monday going to be worse. Stay at the sidelines, let the downside subside. Pre-consolidation nvestors at 6 sen already cashed out. Now we watch it fall before jumping back in.
08/01/2021 6:31 PM
mhanaS All this syndicate play is too predictable.
08/01/2021 6:32 PM
sthannes Already cashed out. Will accumulate sub 20 sen
08/01/2021 8:13 PM
Olele888 gg drop so hard..cut loss n chow..focus on reach wa better..bru 2sen mahhhh.haiz. jk jag..painfull see break my trading plan support
08/01/2021 9:22 PM
HLTGang hopefully can drop to 010 cents
09/01/2021 2:52 PM
HLTGang useless counter no support
09/01/2021 2:52 PM
HLTGang if drop somemore can closed shop
09/01/2021 2:54 PM
HLTGang the worst counter in 2021
09/01/2021 2:55 PM
BabyAce Below RM0.20 is something good if u know what I mean
10/01/2021 11:09 AM
KenKen84 below 0.15 is something best if u know
10/01/2021 2:39 PM
TokAbah 16-17sen will be my entry price. Lousy director
11/01/2021 12:22 AM
HLTGang tomorrow limit down
11/01/2021 7:56 PM
HLTGang 0.05 cents
11/01/2021 7:57 PM
gigaz79 Dont worry so much coz just like previous QR, JAG was not affected so much
12/01/2021 10:27 AM
bahai4453 wahahaha, limit down ??? 0.05 ...Now is 0.22. ....what a joke....
12/01/2021 3:59 PM
BabyAce Just checked order matched at 19.5 sen...That's why below 20 sen time to sapu
12/01/2021 7:27 PM
VLVL As I said too many newbie in the market. Simply threw at resiculous price. Jag will prove it worth 40 cents in the coming Feb q report. Mark my word
13/01/2021 10:47 AM
HumanDonkey looks like next qr going to be good again. still got hope for this counter after all the panic selling?
13/01/2021 5:41 PM
mhanaS Their QR has been good for a year now. Not much changed. It is not panic selling. It's commonsense.
13/01/2021 11:52 PM
BabyAce Lari at 22.5 sen..I will be back when its below 20 sen again.
14/01/2021 12:07 PM
bahai4453 Hahahaha, you're playing with 3 cents. Smart people..Hahahaha.
17/01/2021 12:29 AM


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