Hi guys/gals,
Calvin called for a buy on Jaks at 40 sen on December 2014
See
Posted by calvintaneng > Dec 16, 2014 03:00 PM | Report Abuse X
Whoa!
Top boss bought at 44 cents and above, millions of them. Anything below 40 cents is a bargain!
So don't wait or else Jaks jump Jump JUMP Up And Away!
These were the reasons why Calvin called for a buy on Jaks
1) Insiders have been buying Jaks all the way from Rm1.00 to 40 sen. So at 40 Sen we were buying far below Insidfer buying price.
2) Jaks was then in the Thematic Play of Langat 2 Water Theme Stocks like KPS & Puncak. Since Jaks has 6 feet diameter pipes Jaks stood a good chance of securing projects.
3) Jaks was then at 40 Sen with an NTA of Rm1.03 with a Huge 60% margin of safety
See Jaks November 2014 Report for quarter ending 30/9/2014
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
30/09/2014
|
30/09/2013
|
30/09/2014
|
30/09/2013
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
93,775
|
0
|
301,765
|
0
|
2 | Profit/(loss) before tax |
8,624
|
0
|
31,131
|
0
|
3 | Profit/(loss) for the period |
5,556
|
0
|
20,106
|
0
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
2,780
|
0
|
7,061
|
0
|
5 | Basic earnings/(loss) per share (Subunit) |
0.63
|
0.00
|
1.61
|
0.00
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.0300
|
1.0200
|
It was a Chun Chun Call then at 40 sen when few bother to pay any attention to Jaks' future potential.
As of now Jaks closed at Rm1.42 for a surge of 255%.
Today at the lofty price of Rm1.42 Jaks is selling far above NTA. So there is now no margin of safety. Of course many have now discovered the Valuable Assets of Jaks
See our Friend Hng33 writeup on Jaks
Posted by hng33 > Aug 11, 2017 08:40 PM | Report Abuse
Let's look at Jaks fundamental
1. Total Cash deposit RM 86m
2. Total borrowing RM 445m
After land disposal to suway for RM 167m, jaks stand to monetize its land book assets into cash and reap net gain about RM 100m
Jaks to dispose Pacific Star Business Hub (“the Property”) situated at Section 13, Petaling Jaya for a total consideration of RM240,000,000 (“the Purchase Price”). Although these disposal is internal transaction, but it also imply jaks if sell to other can monetize at least RM 240m
In additional, jaks also in the midst to sell its evolve concept mall, 2 year old new mall, carry at book cost about RM 338m. Currently, these mall have 70% occupancy which have yet to reach breakven level. However, if LRT is ready by next year, it may improve occupancy further. If jaks manage to divest these mall at just its cost for RM 338m, then it can further monetize assets into cash.
In summary, on surface, jaks if continue monetize its assets, it stand to realize cash RM 167m ( land sell to subway) + RM 240m ( pacific star business hub) + RM 338m ( evolve concept mall) = RM 740m, transform hard assets into massive cash RM 740m, adding back current exiting cash RM 86m and net off borrowing RM 445m will turning jaks into net cash position about RM 380m or about net cash 80sen/ share.
If materialize, jaks will not only just become cash rich company, but also is company with huge construction orderbook RM 2.7 billion and have 25 year long term earning visibility from its 40% stake in power plant
Calvin comments:
More than 2 years 8 months later our Friend Hng33 has finally highlighted the Assets Jaks owned. No surprise at all. All these factors are already priced in in the 255% price rise of Jaks.
Now the hype turns to Jaks' Vietnam Power Plant for further impetus to its share price
Calvin thinks it is too bullish a forecast for these reasons
1) Mudajaya's power plants in India faced Cost Overruns as well as Malakoff Power Plants. Both faced hicups. And you can see their poor performances. Will Jaks do better?
I doubt so. Why?
Because Jaks has no monopoly in Vietnam. Therefore Jaks has no pricing power. Jaks might also face similar hurdles like Mudajaya & Malakoff
See list of Vietnam Power Producers
Station | Capacity (MW) | Total (MW) | Community | Coordinates | Status | Ref |
---|---|---|---|---|---|---|
Hàm Thuận – Đa Mi hydroelectric power stations | 2x150+2x88 | 476 | Operational | |||
Lai Châu Dam | 4x300 | 1200 | Under Construction | |||
Hòa Bình Dam | 8x240 | 1920 | Hòa Bình | 20°48′30″N 105°19′26″E | Operational | [5][6] |
Trị An Hydro | 400 | 400 | Trị An | Operational | ||
Tuyên Quang Hydro | 3x114 | 342 | Tuyên Quang | Operational | ||
Thac Ba | 3x36 | 108 | Operational | |||
A Vuong | 2x105 | 210 | Operational | |||
Đa Nhim Hydro | 4x40 | 160 | Operational | |||
Dai Ninh | 2x150 | 300 | Operational | |||
Quảng Trị Hydro | 2x32 | 64 | Quảng Trị | Operational | ||
Yali Falls Dam | 4x180 | 720 | Operational | |||
Thác Mơ Hydro | 2x75 | 150 | Operational | |||
Can Don | 2x38 | 76 | Operational | |||
Srok Phu Mieng | 2x25.5 | 51 | Operational | |||
Se San 3 | 2x130 | 260 | Operational | |||
Se San 3a | 2x54 | 108 | Operational | |||
Se San 4 | 3x120 | 360 | 1 unit Operational | |||
Buôn Kuốp | 2x140 | 280 | Operational | |||
Buon Tuasrah | 2x43 | 86 | Operational | |||
Song Ba Ha | 2x110 | 220 | Operational | |||
Binh Dien | 2x22 | 44 | Operational | |||
Ban Ve | 2x160 | 320 | 1 unit Operational | |||
Vinh Son | 2x33 | 66 | Operational | |||
Sông Hinh Hydro | 2x32 | 64 | Sông Hinh | Operational | ||
Pleikrong | 2x50 | 100 | 1 unit Operational | |||
ZaHung | 2x15 | 30 | Operational | |||
Song Con | 3x20 | 60 | Operational | |||
KrongHNang | 2x32 | 64 | On-going project | |||
Sơn La Dam | 6x400 | 2400 | Mường La | 21°29′47″N 103°59′42″E | Operational | |
Srepok3 | 2x110 | 220 | On-going project | |||
Srepok4 | 2x40 | 80 | On-going project | |||
Khao Mang | 2x15 | 30 | On-going project |
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Mar 2017
|
31 Mar 2016
|
31 Mar 2017
|
31 Mar 2016
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
279,033
|
294,482
|
279,033
|
294,482
|
2 | Profit/(loss) before tax |
3,251
|
2,547
|
3,251
|
2,547
|
3 | Profit/(loss) for the period |
2,120
|
1,730
|
2,120
|
1,730
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
626
|
812
|
626
|
812
|
5 | Basic earnings/(loss) per share (Subunit) |
0.25
|
0.35
|
0.25
|
0.35
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
0.9003
|
0.9181
|
If you compare Jaks NTA with BPuri's NTA you will notice that they both Own Shoppping Malls. However, BPuri also own the Toll Road called LATAR HIghway (50%). Bpuri has also successfully listed its Power Plants in Indonesia while Jaks Vietnam Power Plant is still a work in progress.
2) While Jaks share price has been chased up by popular demand Bpuri's share price has fallen to Rock Bottom Now.
This is Calvin's favourite Target - HE THAT IS LOW NEEDS FEAR NO FALL. Bpuri share price has fallen by more than 70% From here I don't think Bpuri will fall by another 70% to 10 Sen.
Why is it So?
BECAUSE INSIDERS ARE GOBBLING BPURI SHARES AT 50 SEN EVEN BY THE MILLIONS SECRETLY FROM ESOS
IN FACT INSIDERS ARE BUYING AND BUYING BPURI BY THE MULTI MILLIONS THROUGH ESOS AT 50 SEN.
See
SO CALVIN WAS VERY HAPPY TO BUY JAKS AT 40 SEN WHEN JAKS' TOP BOSS BOUGHT JAKS AT 44 SEN On Dec 16th 2014
NOW CALVIN IS EVEN MORE HAPPIER TO BUY BPURI AT 33.5 SEN WHEN BPURI's TOP BOSSES ARE BUYING BPURI AT 50 SEN
The Discount of Jaks from 40 sen to 44 sen was a mere 10%
BUT THE DISCOUNT OF BPURI AT 33.5 SEN to 50 SEN Is a Bigger 33%
MANY HAPPY RETURNS
Calvin Tan Research
Singapore
Created by calvintaneng | May 10, 2024
Created by calvintaneng | May 04, 2024
Why need to promote yours and step on others ? Why can't you make money in binapuri and let jaks shareholders also do well ? Why so zero sum game ? What do you gain if jaks does not do well ?
Btw I don't own any jaks
2017-08-15 06:57
Icon888 is right...only this low life sochai calvin have such a low life mindset...no wonder he bad luck for the rest of his life...rank 221 or -2.10% in bull market...shame
2017-08-15 07:11
Want hao lian, act smart but kia su...anyway, where is the HDB photo with swimming fool? No credibility at all...no wonder all his pick go holland. Bad karma and bad luck for whole life
2017-08-15 07:24
The more you try to promote, the more it shows how desperate you are to try to unload.
2017-08-15 07:27
Altitude and bad heart like this...pray Jesus also useless. Jesus ask him go fly kites also. Niama
2017-08-15 07:27
He tot he promote everyday can pull him from -2.10% to positive? Nah...holland stock is holland stock la. I estimate he will end 2017 with negative and rank bottom 5
2017-08-15 07:29
220) calvintaneng -2.1% 221) diamond168 -2.1% 222) smartly -2.3% 223) winelim -2.6% 224) GorengAyam -3.0% 225) chl1989 -3.3% 226) Fat_tat -4.4% 227) Wing Destiny -5.7% 228) apple98 -6.2% 229) Tay Wee Shen -7.0% 230) rich2017 -8.4%
2017-08-15 07:32
HAHAHAHAHA...LAUGH DIE ME
220) calvintaneng -2.1% 97880.01 http://klse.i3investor.com/servlets/pfs/71329.jsp
23% PBA 1.260+0.0225 1.150 17300|23% DUTALND 0.445 0.400 49800|20% OPCOM 0.580 0.600 33200|19% BJCORP 0.320 0.340 58600|16% BPURI 0.335 0.435 45800 (97699.25:180.76|237.24)
2017-08-15 07:33
Calvin, please read this
http://bursastocktalk.blogspot.my/2016/10/bina-puri-keep-asking-for-money-but.html
http://bursastocktalk.blogspot.my/2016/10/is-bina-puri-cheap.html
2017-08-15 07:36
I suspect calvin stuck at IPO rm2.80 per share and now he hopes can post article and unload at least dont lose so much...if not he is going to bankrupt. Haha...no wonder. This type of attitude, Jesus also dont want to help this sochai. Useless
2017-08-15 07:39
Jaks is NOT cyclical stock, it have long term 25 year earning visibility from power plant once completed. In the short term, jaks just need to focus on construction of these power plant and derive construction profit throughout 3 year power plant construction period.
The cyclical nature of jaks is disminishing as it have gradually pull out from local property development, to disposed mall and to monetize land into CASH.
By end of these week or early next week, Jaks will sign SPA with Sunway to dispose land for RM 167m, reap handsome at least net gain RM 100m, a whopping net gain EPS 20sen.
2017-08-15 07:41
For those skeptical about construction profit, please bear in mind, jaks is originical concession owner, now, team up with global fortune rank no 3. The construction profit during construction period is REAL. The amount of profit is gradually recapitalize jaks shareholding in JV. It is through such arrangement so that jaks need NOT to raise fund UPFRONT to own stake in JV.
2017-08-15 07:44
To jaks, it is great previlage for it to have opportunity to team up with Top Global fortune, rank no 3, China Power Engineering Consulting Group Co Ltd (CPECC) and such engagement is long lasting throughout 25 year concession. The success record, will equip jaks with experience and pave more opportunity ahead for jaks to grab more contract in future.
2017-08-15 07:44
Jaks director and CEO just recently exercise ESOS at RM 1.40.
Earlier jaks private placement issue at RM 1.36.
2017-08-15 07:45
GOOD MORNING TO HNG33,
YOU HAVE GIVEN GOOD REASONS IN DEFENSE OF JAKS!
THIS IS THE CORRECT WAY TO RESPONSE.
THANK YOU.
NOW IT IS TRUE THAT IF JAKS SUCCEED IN VIET POWER PLANT VENTURE IT WILL MOVE OUT OF ITS CYCLICAL NATURE OF CYCLICAL WATER INDUSTRY OF SUPPLYING WATER PIPES AND PROPERTY DEV.
I LEAVE THAT TO THE FUTURE AS TO HOW ITS POWER PLANT PROGRESS IN VIETNAM.
DON'T YOU SEE THE LATENT ASSET OF JAKS IS ALSO FOUND IN BPURI?
AND THE POTENT POWER OF JAKS NOW UNFOLDED WILL ALSO HAPPEN IN BPURI SOME DAY IN FUTURE?
SO DON'T BE SURPRISED... SOME DAY SOME TIME YET FUTURE SOME "OTHER SUPERINVESTOR" WILL ALSO TAKE HUGE POSITION IN BPURI JUST LIKE JAKS.
AND MANY WILL ALSO DISCOVER THE REASONS TO CHASE UP BPURI.
ONCE THERE WERE ONE THOUSAND AND ONE REASONS WHY JAKS WAS NO GOOD WHEN PRICE WAS LOW.
NOW THERE IS ONE THOUSAND AND ONE REASON WHY JAKS IS GOOD WHEN PRICE IS UP.
SO WHILE 99% OF THE PEOPLE STILL DISLIKE BPURI THIS IS THE TIME TO BUY!!
LET ALL SEE BEYOND EMOTIONS AND THINK CAREFULLY. THEN DECIDE.
IT IS YOUR OWN HARD EARNED MONIES YOU INVEST WITH.
SUCCESS OR FAILURE WILL ULTIMATELY AND EVENTUALLY COME BY OUR ACTIONS TODAY.
SOW NOW CAREFULLY IF YOU WANT TO REAP A BOINTIFUL HARVEST IN THE FUTURE.
2017-08-15 08:29
hpcp,
WHAT YOU BROUGHT UP HAS ALREADY BEEN FACTORED INTO THE SHARE PRICE OF BPURI IN ITS CURRENT SOLD DOWN.
WHERE IS THE PROFIT?
OF COURSE JUST LIKE THOSE WHO MISSED BY JUST SURFACE READING OF FIGURES.
IN YEAR 2012/3 WHEN PM CORP WAS TRADED AT 9 SEN I SHOWED A REMISIER ABOUT THE POTENTIAL OF A STOCK CALLED PM CORP.
HE TOOK A BRIEF GLANCE AT PM CORP'S FEW QUARTERS NEGATIVE REPORTS AND GAVE PM CORP A PASS.
IT WAS JUST A CURSORY GLANCE ON THE INTRINSIC VALUE OF PM CORP AND DIDN'T SEE ANYTHING
HE SAW WITHOUT SEEING!!
AND IF HE HAD BOUGHT PM CORP AT 9 SEN HE WOULD HAVE RECEIVED 8 SEN CASH PAYOUT LATER.
AND TODAY ALL WHO BOUGHT PM CORP AT 9 SEN THEN IS HOLDING PM CORP AT THE UNBELIEVABLE COST OF ONE SEN TODAY.
SO HOW ABOUT BPURI?
HOW TO RECONCILE THE HUGE JOB AWARDS AND THE LITTLE PROFITS. PLUS ASKING FOR MORE MONIES BY RIGHTS ISSUE?
THIS IS CALVIN'S ANSWER
THE PROFITS HAVE BEEN INVESTED AS ASSETS
1. PROPERTIES
2. LATTAR HIGHWAYS (50% OWNED BY BPURI)
3. POWER PLANTS IN INDONESIA
4. OTHER HIDDEN ASSETS AND INVESTMENTS JUST LIKE PM CORP DID.
SO WHEN WILL THEY MONENTISE ASSETS LIKE JAKS IS DOING CURRENTLY?
AFTER THE INSIDERS HAVE LOADED UP BPURI SHARES KAW KAW AT DIRT CHEAP PRICE.
THIS WAS DONE IN MANY OTHER STOCKS OF THE PAST
YEELEE SHARE PRICE CRASHED FROM RM2.00 TO RM1.00 BUT INSIDERS WERE LAPPING IT UP ALL THE WAY DOWN TO RM1.00.
SEEING THIS BOTH CALVIN AND JOHOR SIFU BOUGHT UP YEELEE
AFTER CAPITAL EXERCISE YEELEE PRICE IS ONLY 35 SEN.
SAME HAPPENED TO PTARAS AT RM1.40, HARRISON PLANT AT RM1.30, TNLOGIS WHEN IT WAS DOWN IN THE DUMPS.
AT BOTTOM INSIDERS LOADED UP.
SO WE SPOTTED BPURI INSIDERS MODUS OPERANDI
2017-08-15 08:59
It is better off to promote or hard sell TOYOINK than this bpuri, at least there is a chances of getting 2 x 1060mw power plant after negotiations for more than 10 years.
2017-08-15 09:13
BPuri has very high short term borrowing and in negative operational cashflow. Moreover,its margin is very very thin. Need to exercise a bit of caution in this areas.
2017-08-22 05:48
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TEL: +7 9265036551
2017-08-29 08:39
so many fishy old thousand Russians are here @ Singaporean old thousand post. mhmm.
2017-09-03 00:08
calvintaneng
Don't be misled by surface results.
They say Bpuri got lots of jobs but little profit to show.
Same stuff was said about Jaks then. Jaks got lots of project awards but where got profit as those who missed Jaks at 40 SEN SNEERED. OH HOW THEY MISSED!
Same was said about Nylex and Ancom. Lots of sales but such tiny profits. And they, too, missed both Nylex and Ancom.
2017-08-15 00:23