Likewise, no one here should just believe what I said. You must verify my statements before relying on them. I m just one of those who are here to earn money.

However, as i have said, why others buy or sell is really anyone guess. They may not be wrong or right about Jaks. So, we should just focus on the hard evidence and information that we have to come to our own decision. Relying on others here is especially dangerous because you don't even know who they are !!

Why aren't these fund managers and institutions selling now ? I don't think KYY can support the selling pressure.

In March 2017, Jaks placed out 10% shares to fund managers and institutions in just 24 days, at RM1.36 which is a very high price at that point in time. These investors are definitely capable of making decisions for themselves. KYY couldn't have talked them into jaks. Why are they not worried that KYY hold too much of jaks ?

Nobody is definitely right or wrong about jaks. Just put forwards credible arguments and let everyone here judge for themselves. Can't you just provide some strong fundamental grounds on why one shouldn't invest in Jaks. We shouldn't be influencing the investors via attack on KYY. His personality has nothing to do with Jaks.

I m only defending Jaks from unfair, bias and speculative comments. I m only putting forward facts, articles and news for everyone here to judge for themselves. I m not encouraging anyone here to buy and I aim to provide them with credible information so that they can make better decision, especially not to be mislead by hidden agenda.

Hahaha, you think anyone here stupid enough not to identify who are the one here with clear hidden agenda LOL

If i have sold and still making comment here, I must have hidden agenda.

No confidence and yet holding on to the stock ??? I would be long sold and stayed away from this forum, certainly not posting any comments here anymore. Why wasting time in a stock that I m not interested in ?? LOL

You are here because you know that jaks will shine once its power plant starts operation.

I m not GOD either, I can't tell you that. I only know that once the power plant start operation, Jaks will shine.

Lengui, Jaks' futures doesn't depend on kyy, regardless of whether he buys or sells. He is not GOD, can't determine or manipulate jaks' fortune.

I m surprised by the persistency of the naysayers, determined to talk down this stock. It seems more like personal attack against KYY eager to see the him punished for calling others stupid. But keeps bringing up common risk factors which exist in every business and make them sound like bound to happen tomorrow, is undermining the intelligence of the investors here. Everyone here is well aware of investment risks, but are more eager to find out the prospects of the power plant. Investors here appreciate credible information on why the power plant, being so huge, can't make big money.

Once the power plant starts operation, Jaks can goyang kaki making money.

Jaks futures = YTL Power, Malakoff, Genting Sanyan power, MFCB, or Mudajaya ?

Business is all about risk and return. It is a matter of weighing the returns against the risks, is it worth it ? A lot of china funded projects in vietnam has been up running successfully. Maybe reading some articles on China-Vietnam economic relationship might help to understand more. Vietnam is too dependent on china economically, that is why right after the public riots against china in 2014, the top official immediately visited china to smooth out the relationship.

Bear in mind that the power plant is 75% debt funded. This high leverage amplifies the effect of 12% IRR on the 25% equity capital. That is how they turn seemingly double digits rate of return into tripple digit return !

Do not underestimate 12% IRR, It made today's YTL power.

I think everyone is here because of the vietnam power plant. Jaks other businesses are nothing to shout about especially its property division now doing poorly. How big is 50m to jaks ? big enough to overshadow its prospects from the vietnam power plant ? I think not because Jaks' share price did not tumble when the news broke. Negative comments here might have caused some weak holders to dump their holdings providing others with opportunities to buy cheap. Jaks' US$1.87b power plant in vietnam is China's biggest single investment in Vietnam. It is DEFINITELY BIG. Big enough to change Jaks' future forever !

1200MW power plant operating at 100% can generate 10,512,000,000 kw/h per year but that is not possible considering downtime for maintenance. Normally, 72% plant load factor is the industrial norm. 8,000,000,000 (80亿千瓦) kw/h per year which is about 76% plant load factor is consider very good.

At Least critics now agreed that Vietnam project is "绝对可以赚钱 绝对可以还银行贷款".

Penergy was poorly managed. Now with a Chinese director on the board, things should be looking good.

https://www.karmaweather.com/rooster-2018-chinese-horoscope/

GOOD !!!

KYY cannot touch the 31% held under his and his wife names without reporting.

On the occasion of a transaction that changes a shareholder's status or interest as a substantial shareholder as defined in Sections 137-139 of the Companies Act 2016, the shareholder must use the appropriate form to notify the subject company (in the original) as follows

In the case of a company whose shares are quoted on a stock exchange, within three days after the person becomes a substantial shareholder (notwithstanding that the person has ceased to be substantial shareholder before the expiration of the notice period), acquires or disposes of voting shares, ceases to be a substantial shareholder in the company (Form 29-A); or
In any other case, within five days after the person becomes a substantial shareholder, acquires or disposes of voting shares, ceases to be a substantial shareholder (Form 29-A);

While the holder continues to own 5% or more of the voting shares before entering upon a new transaction, reporting is required for each change or cessation of substantial shareholdings within the time frame described above.

KYY owns more than 5% of Jaks, if he sells a single share, under sc regulation, he has to report to bursa.

Doubting whether CPECC can complete the job ? read this....
https://themalaysianreserve.com/2017/04/03/jaks-partners-cpecc-for-rm7b-vietnam-power-plant-project/

RM50m will reduce Jaks 2018 earnings by EPS of RM0.10

coecoe, you are right, Insiders with access to the PPA would definitely knows the answer. For others like us can only rely on certain parameters like payback periods, IRR, or "business sense" to assess the potential return of the project. Another way is to try to find out from a comparable project in vietnam like the Mong Duong 2 power plant which started operation in April 2015.

Maybe sharing of bad news is more welcome now....

Now even sharing of informative article offends people....

Old news but gives an idea of the potential of Jaks Vietnam power plant
http://www.theedgemarkets.com/article/jaks-wooing-tenaga-vietnam-power-plant

This bluebiznet is frustrated that Jaks is not coming down. Even facts and figures offend him.....LOL

Wetmarket, your are welcome

Jaks market cap now is 880m. 50m is 5.7% of mkt cap.

Biggest single chinese investment ever in Vietnam.

3月27日上午，越南海阳燃煤电厂BOT项目在越南海阳省举行奠基仪式。

　　据人民日报3月28日报道，该项目是迄今为止中国企业在越单笔投资金额最大的项目，总投资达18.685亿美元；由中国电力工程顾问集团有限公司（中电工程）和马来西亚一家企业以“建设—运营—转让”的BOT模式投资建设，特许经营25年后移交越南政府。

CPECC assessment of its investment risk in Jaks Hai Duong Thermal Power Plant. Hope this could clear the doubts.

http://go.gdcom.gov.cn/article.php?typeid=32&contentId=5383

bluebiznet, I never agree to KYY computation of power revenue. You should have noticed that I never defended KYY. Your calculation is merely an estimation based on a % of the revenue. Sound fair but it is NOT how it works. There is this "capacity payment" which guaranteed return of capital and cost together with agreed return on capital. It is not based on revenue at all. I guess you are still waiting to buy LOL.

It is not difficult to see the hidden agenda behind all the irrational comments. Can't even comes up with one credible argument to weigh it down. Seeing Jaks as a rubbish company but still here talking about it. Instead of wasting time here, why not spend quality time in counters that meet your eyes ? It is obvious that investors here are smart enough to see the value in Jaks.

If investment is all about past experiences, for those with prior bad investments, should have stopped investing and deposited money in FD. Company that you invested in is just a company with business ventures. Not every company will succeed, some go bankrupt. For example, YTL Power is very successful but mudajaya failed. So, why only mention the failures ? In business world, even two identical business models may have differing results. Each company is unique and should be assessed individually, blunt comparison is meaningless.

To all the young and learning investors, never trust anyone in i3 in your investment decision. No one is really here to help you but themselves. You should learn to identify information which are credible. Arguments which are baseless should be ignored. Make your own decision. In this material world, no one owes you a living but only hope to make a living out of you. If you are unable to make sound decision, stay our of this brutal stock market. There is much higher chance of you getting hurt than making money. Remember, in stock market, either you learn how to fish or you will be the fish. KYY recommended Jaks and laid out grounds. Verify those information and make your own decisions and don't let his personality cloud your mind.

Those having doubts on Jaks should be thankful to KYY because he gives you a very good price to sell now.

新年快乐。祝Jaks在2018一飞冲天。

http://www.theedgemarkets.com/article/triplc-shareholders-give-nod-restructuring-and-disposal-exercise

Time will tell.....

If one cannot agree with the accounting standards set by the accounting bodies, then why talk about valuation ? Isn't valuation based on figures in the annual reports ?

CEO Ang Lam Poah deserves a big credit for able to jump start the vietnam power plant which will change the future of Jaks forever, turning it into a company with stable stream of future revenues. Going into property development was a bad decision but that doesn't necessarily mean he will be wrong all the time. Closing the vietnam deal was his best achievement so far and that is enough to make Jaks a big winner.

Maths and facts are what investors need to make informed decision by THEMSELVES. Speculative and baseless arguments will only mislead investors. Investors can easily verify my statements by referring to the the announcement made by the company to bursa malaysia.

Only the interest on loan will affect the profit. Not the installment itself.