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Many stock investors are not i3 readers.

Many are not aware of latest tariff update from Vietnam. Maybe or not, local media will pick up on this news which I doubt so.

Investing is all about information.

12% reduction on tariff rate is a BIG impact for Jaks that rely solely on VN plant.

Latest update on Jaks Hai Duong Plant

In October 2023, Price for all coal plant power generated will be reduced from maximum (2022 price frame is 1.773,76/kWh) to new tariff rate ( 0 - 1.559,7 VND/kWh)

Earnings for Jaks will be reduced from Vietnam by 12% due to revised new power tariff.
Currency impact ( Paid in VN and Loan in USD) as disclosed by Bruce Wayne..

This time is really Mati Kudasai

https://vietnamenergy.vn/approving-the-coal-price-framework-electricity-generation-prices-from-the-coal-power-and-hpps-in-2023-31595.html

https://www.vietnam.vn/en/dien-than-cao-nhat-la-1-559-dong-kwh/

That is before VN government announced new lower tariff rate..

This super low ROE is not even possible going ahead..

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 14 minutes ago | Report Abuse

ROE 3.81%

Its his business.. not public..

Sendiri Kong Sendiri Song... Who can rebel?

Posted by Sslee > 15 minutes ago | Report Abuse

So what has Ang Lam Poah acheived to rightfully earned a salary n Bonus of RM 1,980,000

CEO Ang Lam Poah :
Salary n Bonus = RM 1,980,000 . EPF & Sosco = RM 235,002 . Allowances = RM 36,700 . Other Emoluments = RM 7,700,000 .
Total = RM 9,951,702 .

By the way those millions in impairment lose in goodwill and receivables are ALP unofficial extra incomes.

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To Jaks current investors and would be.

Breaking news for you

1) Revenue from Vietnam plant reduced from now onwards. Tariff rate has been reduced 12%
2) VN will be phasing out coal powered plant
3) China will eventually pull out from VN.
4) Jaks plant in VN is projected to report lower revenue for Q3

Food for thought

U should be here.. It was Gunfight at OK Corral.

Wyatt Earp + Doc Holliday vs Clinton gang

😂😂

Debt not resolved, it will be pointless to wait.

Multiple debts instruments are all tied up together.

Debt resolved, then up. Until then, it will be range bound.

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🤣🤣🤣🤣

Early dream....

I

U posted 9c...

Now 5c?

😁😁

And ConMabel just reloaded at 88c, possibly more.....

Is that also Karma?

i3lurker

Its Karma time for CapA now.
Bank Negara does not issue refunds for RM drop after you buy RM.
likely CapA forex loss will exceed RM2 Billion soon.

Hahaha.. so many Dong Fang Bu Bai here....

I remember that id.. Steady PunPipi

Brash, arrogant.. challenges every Rela member posting in Serba thread... Probably left stock investment. His damage is too high. Many were caught.

Punpipi is brother in arms with Mabel.... Punpipi is late comer, Mabel was longer in Serba thread if I remember correctly.

Posted by Bruce_Wayne > 4 hours ago | Report Abuse

Diary of Conpipi

Postings by Steady Punpipi
https://klse.i3investor.com/web/cube/profile/1644999172450545

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Why all your copy and paste theories cannot be proven?

Want to challenge again?

Berani kerana benar or Takut kerana salah?

Prove me is Loganathanrhb

Prove me lost in Pmcorp

Easy peasy challenge.. Not even testing your TA and FA.. just testing your IQ 😁😁

Loser vanish from i3 forever

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Malaysians can go Israel for religious purposes. Just get a special permit

Not allowed is just generalization.

Posted by BobAxelrod33 > 9 minutes ago | Report Abuse

Please check your own Malaysian Passport.......HOLDER MAY TRAVEL TO ANY COUNTRIES, EXCEPT ISRAEL

Haha... Israel still considered a country of its own..

How about Philippines?

Israel

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China will 100% exit Coal business in Vietnam eventually

It’s long time coming.. can wait

Immediate concern is 12% reduction in tariff rate

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From Vietnam:

https://e.vnexpress.net/news/business/economy/vietnam-lacks-a-million-tons-of-coal-for-power-production-4616971.html

There was an acute coal shortage for June and July 2023. Thermal plant unable to run at full efficiency. JAK QR closes end Sept 2023.

Less coal = less revenue = less share of profit in JV

Hope they miraculously found coal source at Hai Duong Plant during July and started digging 😁

Jaks power generation business is price controlled by Vietnamese authorities.

Coal price and tariff fixed. Only variable is operating cost.

I see only tax rate being the difference but quantum of profit rate cannot be 32% vs 5-8%

Possible Vietnamese give cheaper coal or higher tariff to Jaks? 😁

Very Highly, Most probably unsustainable accrued expenses. Would like to see when its all added back into P&L

Posted by Bruce_Wayne > 10 minutes ago | Report Abuse

A 12% cut in pricing at same output will lead to a 12% drop in revenue

Net profit will drop more than 12%

Comparable plants in Vietnam are reporting only 5%-8% margins

All of them will swing into losses together with EVN

As a result of tariff cut and increasing interest costs, the real accounts for Jaks will probably show losses in 2024

---

Jaks is reporting total earnings of around USD120M for the entire power plant in Vietnam. That margin will be about 32% of sales. Comparable plants in Vietnam are reporting only 5%-8% margins.

Quang Ninh Thermal Power JSC _____ USD444.23M _____ USD32.84M
PVPower NT2 ________________________ USD374.68M _____ USD31.09M
PECC2 ________________________________ USD56.38M ______ USD3.27M
Pha Lai Thermal Power JSC __________ USD218.13M _____ USD15.89M

With a 12% drop in earnings from Jaks Vietnam plant... That impact is BIG on a cash deficient company like JAKS.

Loan amount fixed, interest fixed.. both in USD

PP/RI/ Strip/ Free Buffet are all irrelevant.

Below does.

Latest update on Jaks Hai Duong Plant

In October 2023, Price for all coal plant power generated will be reduced from maximum (2022 price frame is 1.773,76/kWh) to new tariff rate ( 0 - 1.559,7 VND/kWh)

Earnings for Jaks will be reduced from Vietnam by 12% due to revised new power tariff.
Currency impact ( Paid in VN and Loan in USD) as disclosed by Bruce Wayne..

This time is really Mati Kudasai

https://vietnamenergy.vn/approving-the-coal-price-framework-electricity-generation-prices-from-the-coal-power-and-hpps-in-2023-31595.html

https://www.vietnam.vn/en/dien-than-cao-nhat-la-1-559-dong-kwh/

Latest update on Jaks Hai Duong Plant

In October 2023, Price for all coal plant power generated will be reduced from maximum (2022 price frame is 1.773,76/kWh) to new tariff rate ( 0 - 1.559,7 VND/kWh)

Earnings for Jaks will be reduced from Vietnam by 12% due to revised new power tariff.
Currency impact ( Paid in VN and Loan in USD) as disclosed by Bruce Wayne..

This time is really Mati Kudasai

https://vietnamenergy.vn/approving-the-coal-price-framework-electricity-generation-prices-from-the-coal-power-and-hpps-in-2023-31595.html

https://www.vietnam.vn/en/dien-than-cao-nhat-la-1-559-dong-kwh/

This is stuff suitable for Mission Impossible movie franchise...

No way.. I repeat zero chance... Backdoor listing for MAS using AAX? How in the planet Earth is this possible

Maybe Tony will court Khazanah to do a backdoor listing for MAS using AAX. This will jack-up the value of AAX further before move to the stage of getting CapA into the picture.

It is also a good time for Khazanah to unload their responsibility holding MAS forever.

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