OTB, thank you

Does anyone here think Andy Ang is commendable for able to ink the Hai Duong power plant deal ?

I will not respond to your comment anymore

Obviously, my articles are not meant for you. Please ignore.

If you like to find out why

https://klse.i3investor.com/blogs/Jaks%20resources/2019-09-22-story226058-Jaks_Resources_An_excellent_joint_venture_deal_with_CPECC.jsp

Kukuman, it is pointless for me to argue. Just hope you can find out more.

Kukuman, you logic is incorrect.

After Jaks was awarded the BOT contract in 2010, it partnered Meiya and later Kaidi. Both failed to secure financing. Only in July 2015, it secured CPECC as partner.

Just do some googling and you will notice that all the companies that were involved in vietnam power BOT are multi-billions international companies like AES Corp, Sumitomo, Korea's POSCO, China Power Investment Corporation, China southern power grid etc.

The terms and conditions of Vietnam power BOT must be attractive enough to have attracted these global companies to bid for the BOT contracts.

Even until now I m still amazed by Andy Ang's ability to ink the deal.

Kelvin Chong, you are welcome

I believe if Toyoink managed to get the project going, it would be another Jackpot. Toyoink has spent RM340m including a huge loan from director related companies. Certainly a bet too big to lose. However, odds aren't in its favour currently. Wish toyoink all the best.

I wish toyoink can pull it through, then I will have another golden opportunity !

Toyoink got the investment certificate for a 2 x 1,000MW coal power plant in Vietnam costing about RM13.5 billion at around the same time as Jaks.

The project amount is too big to find anyone to partner. Not many has the technical capability to build 1,000MW boliers.

Of course, the biggest problem lies in the financing for the project. The project requires international financing. It is extremely difficult to get bank financing for coal power plant now due to heavy protest from environmentalists.

Last heard that Toyoink tried to change the design to use gas as well as spliting the power plant into 4 x 500MW with phase 1 to build 2 x 500MW. Nothing progressed well so far. The project has been extended many times. Not sure what is the latest status.

Everyone can find your own dream here or elsewhere. I found mine here and it will soon be a reality.

This article does not aim to tell how much the power plant is worth to Jaks. It merely trying to show that it is a project deal that every businessman would dream of having. No need to arrange for financing and no need to worry about default ! And no need to build !

Just for information

My latest article "Jaks Resources - Business Sense" has surprisingly low click rate ?!

Less than 500. Normally, it should have more than 1500 clicks by now.

It means many retailers have sold out and left ???

Everybody including Merican sold. Who bought ???

Hector99, I agree with you.

Insiders selling are normally interpreted as "If so good, why they sell ?".

Just like when someone sees a hundred dollar note lying in the middle of a busy street, he will take that as a fake one otherwise "why no one picked it up?"

What he should have done is pick it up and examine it ! Why rely on others ???

Ramada, once again, thanks for your first like !

Just to share my thoughts

Jaks Resources - Business Sense

https://klse.i3investor.com/blogs/Jaks%20resources/248464.jsp

We need to focus on the big picture here. JHDP is going to change Jaks' fortune forever. With distribution from JHDP, Jaks will have bigger capital to venture into other power business opportunities. Another YTLPower could be in the making. Time will tell.

The question is do you want to see the result from "inside" or "outside" ?

He probably resigns by next AGM

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probability Merican has only 15M shares left now
17/12/2019 8:22 PM

I agree with you. However, supercritical power plant could have higher maintenance costs.

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wesleylwl does it being a subcritical coal powerplant make it less efficient in producing electricity and hence lower earnings than the VinhTan 1 supercritical coal powerplant?
17/12/2019 8:27 PM

I think total billings only about 74% till Sept 2019.

Just bear in mind, Jaks will catch more attention as it get closer to completion. Just like MFCB, as it gets closer to completion, its share moved up despite lesser construction profit.

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chl1989 DK66, powerplant will only start up by 2nd half 2020? so upcoming 2 quarters wont be so good right? billing for powerplant construction left 20% only

I could not find any information on dividend from Vinh Tan 1

Hope this helps

https://klse.i3investor.com/blogs/Jaks%20resources/228753.jsp

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joeshare bro when will the powerplant in veitnam be operational
17/12/2019 8:39 AM

Yes
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SarifahSelinder Sarifah tertanya tanya
IPP kan completed early can d cost b lower thn tat projected originally??
16/12/2019 8:37 AM

Wow, this article has attracted a lot of interest. Made to top article in such a short time.

https://klse.i3investor.com/servlets/forum/600247782.jsp

Thanks for sharing

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FutureEyes JAKS & The Identical Power plant that generates RM 1.5 Billion annualized Profit presently

https://klse.i3investor.com/servlets/forum/600247782.jsp

Next will be chemical cleaning and steam blowing.

越南海阳燃煤电站1号机组两台锅炉风压试验完成

当地时间11月30日和12月8日，中国能建投资公司投资建设、西南院总承包、安徽电建一公司承建的越南海阳2台60万千瓦燃煤电厂工程1号机组1、2号锅炉风压试验，相继一次性成功完成。
　　该试验是对锅炉烟、风、煤等系统安装质量的全面检验，也是确保机组安全运行的重要前提。项目部提前制定详细的风压试验方案，在试验过程严格执行三级验收程序，作业人员对管道、阀门等承压部件及密封焊缝处进行漏点检查。经过96小时的试运，1号、2号锅炉风机运转正常，震动达优良标准，系统密闭性良好，风压试验一次成功，为1号机组点火吹管打下了坚实基础。

OTB,

If steam blow test for unit 1 is successfully carried out before 31/12, baring unforeseen circumstances, Unit 1 is able to commence operation (COD) earliest by April 2020. Unit 2 will commence operation earliest by August 2020. I would be very surprised if COD can be achieved any earlier.

Safer estimates will by May/June for unit 1 and Sept/Oct for Unit 2.

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OTB DK66,
What is the earliest date for this power plant to produce and sell electricity ?
Unit 1 and 2.
Unit 1 - can be earlier than April 2020.
Unit 2 - can be earlier than September 2020.
Please advise.
Thank you.
13/12/2019 7:59 PM

12月9日，越南海阳2×600MW燃煤电厂工程电压等级为220kV的二号机组主变压器完成附件安装作业。主变压器型号为SFPZ-720000/220，采用三相制，额度容量720/720MVA，额度频率50Hz，冷却方式为ONAN/ONAF/OFAF,器身重量243t。绝缘油重量85t。
　　施工前期，项目部组织制定了相应的施工方案，确保大型设备安装作业安全、可靠。二号机组主变压器附件吊装作业于11月25日8时8分开始，12月1日至12月3日期间受到不良天气的影响，暂停了主变压器高低压侧套管安装前的破氮工作，待天气转晴，12月4日开始变压器本体抽真空作业，12月9日完成变压器注油。
　　二号机组主变压器安装顺利结束，厂内电气一次设备安装稳步推进，为二号机组并网发电创造了条件。

Mrpotato88,

Believe me, in stock investment, doing research is the easier part but making decision with limited information is the harder part, and overcoming fear is the hardest part.

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MrPotato88 DK66, just curious to know if you have done any in-depth analysis for other counter like the way you did for JAKS?

Not after I joined i3

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MrPotato88 DK66, just curious to know if you have done any in-depth analysis for other counter like the way you did for JAKS?
13/12/2019 1:19 PM

Have a nice day !

I have already spoken more than I should for today

MFCB Don Sahong power plant is only 260MW but is already taking MFCB to new highs everyday since half a year ago. If that is not a wake up call, i don't know how to wake you up.

My sincere advice : Do not wonder why other people buy or sell, but wonder why you want to buy or sell. The right strategy is buy and wait, not wait to buy.

Many are speculating why KYY sold, CFO sold, Dato razali merican Sold, but nobody wonder why the most important person CEO Andy Ang bought ???

He is no longer the Sslee I perceived

He could have easily bought at RM0.75 about 2 months ago, why wait for ALP to sell and buy at RM1.00 ?

If Sslee knows taxation for LTIP, he will only multiply RM0.51 not RM1.28. Purposely ?

Yes, they have to start training staffs by now

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TST1234 Hai Duong Power Plant starts to recruit staff :-

I may sound cocky but I m sincere. It really helps to boost my confident.

I have done the first half in proving that JHDP is a gem. Now I need your help to nullify my research. I need someone to try so that I can be more confident in my research work.

This article demonstrated that increase of 11.35% in annual utilization hour from 6500 to 7238 hours has significant impact on the investment returns of the power plant.

It shows that the relationship between utilization hour and earnings is not linear but exponential.

The logic behind this exponential relationship is to encourage the IPP operator to "work harder".

Amukutty, I started buy call at RM0.50 and made my last buy call below RM0.80. I told everyone "either buy now or don't buy at all"

All I can tell you now is that I m still invested and don't plan to leave anytime soon.

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Amukutty DK66 Hi.Can still buy at this price?
10/12/2019 3:31 PM

The reason why Dato Razali Merican is selling is obvious ..... Just search for his family background.

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andry_ong the dato merican has 22 millions shares so wait till he finish selling then jaks will sky rocket
10/12/2019 3:06 PM

DragonG The director's Dato Razali Merican is he related to one of the MP?
10/12/2019 3:08 PM

samheong78 The director doesnt have any insider news, so thats why he is selling. He don't know that Jaks potential profit is 300m
10/12/2019 3:12 PM

MingGoon Jaks decreasing price... getting bashed out...
Why Director Dato Razali Merican sell ?
Seem fishy..

Anyone care to explain....
10/12/2019 3:12 PM

Mong Duong II and Vinh Tan 1 power plants in vietnam are very successful since COD

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Rf888 No power plant record show can success, hope jaks can be a special one.
10/12/2019 6:46 PM

You could clicked an old link. Try the link below;

https://klse.i3investor.com/blogs/Jaks%20resources/245519.jsp

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Kelvin Chong DK66,

I click the link for the blogpost. It doesnt appear out. Appreciate if u can repost it. Thanks for ur info in jaks! I believe We will win big in this long term! Current wave 5 will continue..
10/12/2019 6:17 PM

Guys, thanks for the invitation to treats. Shall wait until we reap the fruits first.

Probability,

You are right, IRR is not widely and easily understood. Most would take it as ROI.