Hoho Jealouslee r u referring to Insas :


Insas


A.) FYE2020 : Revenue = RM 187.5 M , Net Profit = RM 14.8 M


1.) FYE2021 : Revenue = RM216.9 M , Net Profit = RM 245.7 M


2.) FYE2022 : Revenue = RM212.5 M , Net Profit = RM 215.05 M


3.) FYE2023 : Revenue = RM 216.8 M , Net Profit = 122.7 M



👉 FYE2021 n 2022 : Keep selling Profitable Businesses until no more to sell ke ..


👉 Dividend : FYE2021 = 2.0 Sen , FYE2022 = 2.5 Sen .


Wow so stingy to Shareholders le .


So generous to Staff le on 2021 : Staff Expenses is increased more than RM 20 million after RI ..


—


Why Insas is involved in fashion business? Does not contribute much and is a distraction to management time.


The Company had invested in the Melium Group, which is involved in fashion and F&B businesses, since 1997, and the Company currently holds 43% equity interest in Melium. Insas has representation on the Board and EXCO of Melium and attend all Board and EXCO meetings held regularly during the year but does not get involved in the day-to-day operations.


Refer to QR ended June 2023 :


A) Administration Expenses = RM 6,917,000


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million


B ) Other Operating Expenses = RM 25,842,000 / Quarter


Refer to QR ended June 2023 : 


A) Administration Expenses = RM 6,917,000 


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 


B ) Other Operating Expenses = RM 25,842,000 



>>> Sslleee, just the Administration Expenses = RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 



Total = RM 32.47 Million per year .🤩


===

Insas


Refer to QR ended June 2023 : 


A) Administration Expenses = RM 6,917,000 


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 


B ) Other Operating Expenses = RM 25,842,000


👎>>> Sslleee, just the Administration Expenses = RM 27.67 Million per Year …

BOD remunerations = RM 4.8 million 



🤙Total = RM 32.47 Million per year .🤩



👎 B ) Other Operating Expenses = RM 25,842,000 per Quarter .


Included in Other Operating Expenses are the following items :


a) Allowance for doubtful debts

b) Bad Debts written off

c) Provision for Impairment Loss

e) Goodwill written Off


and other items..

Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍




—

Hoho Jaks got 2 Cash Cow Projects with Commercial Operating Date : 



1) Vietnam Power Plant : January 2021 with 25 concession years tenure . 



2) Local Solar LSS4 Project : August 2023 with 25 concession years tenure .


>>


1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million


2021 : RM 140.7 million


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M



___

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


—-


👉 ROE : 3.21


👉 NTA : RM 0.660


👉 Benjamin Graham number


Square root of 22.5 x ( earning per share ) x ( book value per share )


SR 22.5 x ( 2.12 /100 ) x (1,400,249,000/ 2,370,000,000 )


= SR 0.2818


= RM 0.53

Jaks

Loans Tenure 10 years from Commercial Operating Date : January 2021 until 2030 . So far Any Issues ? The Answer is No . 



The facts is Proven by Vietnam JV company Share of Profit and Dividends since 2021 , 2022 until 2023 1st Half year ( 2 Quarterly) : 



2020 : RM 3.8 million 



2021 : RM 140.7 million 



2022 : RM 156.2 million , Dividend RM 70.0 million 



2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M 




Hoho is Jaks Vietnam JV company facing Collection Issues? The Answer : No


>>

Date : Time :
JAKS RESOURCES BERHAD
Registration No. 200201017985 (585648-T) (Incorporated in Malaysia)
SUMMARY OF KEY MATTERS DISCUSSED
AT THE TWENTIETH ANNUAL GENERAL MEETING OF THE COMPANY
29 June 2022, Wednesday 10.30 a.m.
Set forth below are the Key Matters Discussed:


> What is the current utilization rate of its Vietnam IPP project? How is unexpected increase in overhead cost in Vietnam IPP project affecting its profit margin?


- The availability factor is averaging over 70% in accordance with the PPA.


- 👉 There is no unexpected increase in overheads cost, and in any event of one, we believe it will be passed through to EVN, the off taker.



>> 每周停電4次 電費狂漲 越南外企生產受創
2023年7月24日

（胡誌明市24日訊）越南爆發缺電危機，主要工業區的電力供應連續中斷，當地電子業者表示，每周停電達3到4次，已經嚴重衝擊生產。除了缺電，海防、北寧和同奈等電價也大幅調漲13%至28%，令韓國、歐洲等跨企憂心忡忡，敦促越南解決電力問題。

此外，當地外企還面臨電價飆升問題，越南政府早前將電價大幅調升，以解決國有電力公司虧損。越南平均電價為每千瓦時1826至2444越南盾（約47至49仙），3月份上調13.7%至28.2%，為2017年以來首次出現雙位數調幅.

https://www.chinapress.com.my/?p=3526099

每周停電4次 電費狂漲 越南外企生產受創
2023年7月24日 4129点阅 責任編輯: 財經小編
（胡誌明市24日訊）越南爆發缺電危機，主要工業區的電力供應連續中斷，當地電子業者表示，每周停電達3到4次，已經嚴重衝擊生產。除了缺電，海防、北寧和同奈等電價也大幅調漲13%至28%，令韓國、歐洲等跨企憂心忡忡，敦促越南解決電力問題。

根據韓國媒體《Businesskorea》報導，越南供電狀況惡化，經常停電，加上炎熱和幹旱導致電力需求激增，造成海防、北寧和同奈等主要工業區的電力供應連續中斷。

4家在該地區營運的頂尖韓企坦言，今年至少經曆了一次停電，對於家電、手機和顯示器工廠來說，即使是短期停電也不可避免地擾亂生產。


當地電子行業代表直言，每周停電3到4次，足以對工廠營運造成一定程度的幹擾。盡管各地情況有所不同，據悉工廠正在尋求聯合解決方案應對停電。

由於韓企在越南投資逐漸增多，業者已建議越南政府優先解決電力短缺問題。據韓國統計，去年共有303家韓企在越南設立公司，按年增長30.6%，比中國（194家企業）多出約56%。韓國和越南雙邊貿易額也很大，約882億美元（約4027億令吉）。

另一方面，歐洲化學公司上個月代表歐企向越南政府發出一封正式信函，要求快速解決缺電。越南歐洲商會副會長布夫萊指出，由於連續停電，進入越南的企業遇到重大障礙，必須在失去其作為全球製造中心的功能之前采取措施。

此外，當地外企還面臨電價飆升問題，越南政府早前將電價大幅調升，以解決國有電力公司虧損。越南平均電價為每千瓦時1826至2444越南盾（約47至49仙），3月份上調13.7%至28.2%，為2017年以來首次出現雙位數調幅.

https://www.chinapress.com.my/?p=3526099

Hoho Jaks Shl has Price Competitive advantage with its China partners, n seeing the China Solar panel manufacturer shifting the battleground to Malaysia : 



斥18億雪州設廠 隆基綠能 隆市設亞太總部 
2023年10月17日 3746点阅 責任編輯: 財經小編


（雙文丹17日訊）“中國企業500強”公司、太陽能電池板製造商——隆基綠能科技股份有限公司（LONGi Green Energy Technology）將投資18億令吉在雪蘭莪設廠，並在吉隆坡開設亞太區總部。 




隆基綠能科技副總裁李文學指出，位於雙文丹的140英畝的組件工廠，是公司在大馬半島的首個製造基地，采用了目前光伏行業最先進的技術、工藝和設備，分兩期建設，全部建成後組件產能可達8.8吉瓦（GW）。 



他今日在隆基雙文丹組件工廠第1期項目投產暨第2期項目的開工儀式上說，隨著第1期工程順利投產，第2期工程也隨即啟動。截至目前，雙文丹組件工廠第1期項目已經為當地創造約900個工作崗位，預計未來將會超過2000個工作崗位。 



預期雇用逾2000本地人 



隆基綠能國際製造中心副總裁嚴仕進說，公司將在明年3月之前完成建設4家工廠，屆時將雇用超過2200名大馬工人。 



https://www.chinapress.com.my/?p=3649970

-

Hoho Vietnam PDP8 key sentences that Shl benefits Jaks : 



1.) After 2030, Vietnam would not develop any new coal-fired power plants, and active plants that are 20 years or older will begin transitioning to biomass or ammonia. Plants over 40 years old that cannot achieve this fuel switch will be retired. 



2.) Vietnam also aims to install rooftop solar on half of all office buildings and homes by 2030, ultimately generating up to 189 GW by 2050. In a press release on May 16, 2023, the government stated "[f]rom now until 2025, there is no limit to the capacity of rooftop solar power development provided that the prices are reasonable and the existing transmission network is not overloaded."1. 



👉 Vietnam previously experienced a boom in solar development in 2019 and 2020, but much of the electricity could not be delivered to the grid without transmission and other capacity upgrades. PDP8's planned investments in transmission and distribution infrastructure could alleviate these issues and bolster Vietnam's transition to rely more heavily on renewable energy sources.


👉 In a press release on May 16, 2023, the government stated "[f]rom now until 2025, there is no limit to the capacity of rooftop solar power development provided that the prices are reasonable and the existing transmission network is not overloaded."1.


-

Hoho Jaks is the 1st Company completed the LSS4 Local Solar Project among the 10 companies being awarded.. Commercial Operating Date on August 2023 … 



And also secured another Local Solar Project : 



3.A) This year on 7/8/2023 : 


On Monday, the Energy Commission (EC) announced that a total 563.42MW under the CGPP were awarded to 22 solar power producers. 



👉 With reference to the above, the Company is pleased to enclose the press release in conjunction with the successful bid for a 29.99MW solar photovoltaic project under the Corporate Green Power Program by JAKS Solar Power Sdn Bhd, a wholly owned subsidiary of JAKS, together with its consortium partners, Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. 
 

This announcement is dated 9 August 2023.

Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍




—

Hoho Jaks got 2 Cash Cow Projects with Commercial Operating Date : 



1) Vietnam Power Plant : January 2021 with 25 concession years tenure . 



2) Local Solar LSS4 Project : August 2023 with 25 concession years tenure .


>>


1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million


2021 : RM 140.7 million


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M



___

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


—-


👉 ROE : 3.21


👉 NTA : RM 0.660


👉 Benjamin Graham number


Square root of 22.5 x ( earning per share ) x ( book value per share )


SR 22.5 x ( 2.12 /100 ) x (1,400,249,000/ 2,370,000,000 )


= SR 0.2818


= RM 0.53

Coal
Although PDP8 does not call for immediate reductions in Vietnam's reliance on coal, coal would become a smaller share of the total energy mix by 2030. In 2020, total capacity of coal-fired power plants was 21.38 GW (30.8%) of the energy mix. By 2030, Vietnam plans to increase this to 30.13 GW, but this would reduce its share to 20% of planned energy capacity.

After 2030, Vietnam would not develop any new coal-fired power plants, and active plants that are 20 years or older will begin transitioning to biomass or ammonia. Plants over 40 years old that cannot achieve this fuel switch will be retired.

MA10 : 0.210


1.) 1st hurdle BB 20 2 Mid : 0.2095 Done 


2.) 2nd hurdle MA200 : 0.2136


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


—-

MA10 : 0.2095


1.) 1st hurdle BB 20 2 Mid : 0.2100 


2.) 2nd hurdle MA200 : 0.2132


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.213 CP : 0.215


MA10 : 0.2075


1.) 1st hurdle BB 20 2 Mid : 0.2088


2.) 2nd hurdle MA200 : 0.2107


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.200 CP : 0.200

—

MA10 : 0.2065


1.) 1st hurdle BB 20 2 Mid : 0.2080


2.) 2nd hurdle MA200 : 0.2105


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.200 CP : 0.205



👉 Observation : Consolidation period : MA200 price is reducing …


👉 1/9/2023 : Price is Up from 0.205 to 0.235 , 2/9 Highest 0.245 …

At that Time : MA400 is 0.27 …
52W H is 0.34 …


👉 Consolidation period in 2nd month …

Post removed.Why?

Post removed.Why?

Total Net Short Positions :


Note : During 2021 .. EPF lent 20 million shares to Shortish…TopGlove utilised RM 1.42 Billion on SBB during 2021 ..


My TopGlove TP Rm3.40 posted on 4/12/2020 at TG price is RM 6.65 …JPM TopGlove TP RM 3.50 on ard 2 weeks later ..TG Price is Below RM 3.40 on September 2021 ..


👉 This round JPM TP RM 0.48 … see see look look Shl take How Long to hit the TP RM 0.48 !!😅😅😅



6/10 : 23,158,634 0.28 %

9/10 : 23,315,634 0.28 %

10/10 : 23,804,534 0.29 %

11/10 : 24,623,934 0.33 %

12/10 : 28,541,134 0.35 %

13/10 : 29,056,934 0.35 %

16/10 : 29,739,634 0.36 %

17/10 : 31,713,234 0.39 %

18/10 : 32,404,534 0.40 %

19/10 : 32,621,834 0.40 %

20/10 : 33, 657,934 0.41 %

23/10 : 34,377,234 0.42 % ( 0.705 - 0.725 ) 👉 wow manyat aktif Kutip lo



👉 Hoho Shortist are Accumulating ard what Price Range …

Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍




—

Hoho Jaks got 2 Cash Cow Projects with Commercial Operating Date : 



1) Vietnam Power Plant : January 2021 with 25 concession years tenure . 



2) Local Solar LSS4 Project : August 2023 with 25 concession years tenure .


>>


1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million


2021 : RM 140.7 million


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M



___

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


—-


👉 ROE : 3.21


👉 NTA : RM 0.660


👉 Benjamin Graham number


Square root of 22.5 x ( earning per share ) x ( book value per share )


SR 22.5 x ( 2.12 /100 ) x (1,400,249,000/ 2,370,000,000 )


= SR 0.2818


= RM 0.53

👉 Hoho 3QR Vietnam JV share of Profit be released by November 2023 is looking Good 👍 also .. as the High Temperature issue is Peak from April to July.. n Shortage of Industrial Power Requirements…

Post removed.Why?

Average Volume (3M) 18,723,400
Relative Volume 1.1

MA10 : 0.210


1.) 1st hurdle BB 20 2 Mid : 0.2095 Done 


2.) 2nd hurdle MA200 : 0.2136


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


—-

MA10 : 0.2095


1.) 1st hurdle BB 20 2 Mid : 0.2100 


2.) 2nd hurdle MA200 : 0.2132


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.213 CP : 0.215


MA10 : 0.2080


1.) 1st hurdle BB 20 2 Mid : 0.2095


2.) 2nd hurdle MA200 : 0.2109


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.204 CP : 0.200


___


MA10 : 0.2075


1.) 1st hurdle BB 20 2 Mid : 0.2088


2.) 2nd hurdle MA200 : 0.2107


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.200 CP : 0.200




👉 Observation : Consolidation period : MA200 price is reducing …


👉 1/9/2023 : Price is Up from 0.205 to 0.235 , 2/9 Highest 0.245 …

At that Time : MA400 is 0.27 …
52W H is 0.34 …


👉 Consolidation period in 2nd month …

Hoho Jaks insiders had done an excellent job on controlling the Gearing Ratio with Such a Capital intensive Vietnam Power Plant Project:


>>

1.) FYE2019 : 0.43 X


2.) FYE2020 : 0.34 X


3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X


4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X


👉 Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000


Investment Properties 590,929,000


Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍



C) Investment in Joint Venture. : Increased RM 32,312,000 👍

> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Cash Flow from Operating Activities :

( RM 894,000 )


Purchase of PPE and Right of Use :

( RM 31,082,000 ) in LSS4 Solar Project

>> Increased in Non Current Assets .

Insas


Hoho Cham lo .. lagi ada 👎 B ) Other Operating Expenses = RM 25,842,000 per Quarter… 



No Wander repeatedly issued RI to get money from shareholders to pay bridging loans … 

And Given more than RM 20 million as Staff Expenses after RI …

Post removed.Why?

Post removed.Why?

Total Net Short Positions :


Note : During 2021 .. EPF lent 20 million shares to Shortish…TopGlove utilised RM 1.42 Billion on SBB during 2021 ..


My TopGlove TP Rm3.40 posted on 4/12/2020 at TG price is RM 6.65 …JPM TopGlove TP RM 3.50 on ard 2 weeks later ..TG Price is Below RM 3.40 on September 2021 ..


👉 This round JPM TP RM 0.48 … see see look look Shl take How Long to hit the TP RM 0.48 !!😅😅😅



6/10 : 23,158,634 0.28 %

9/10 : 23,315,634 0.28 %

10/10 : 23,804,534 0.29 %

11/10 : 24,623,934 0.33 %

12/10 : 28,541,134 0.35 %

13/10 : 29,056,934 0.35 %

16/10 : 29,739,634 0.36 %

17/10 : 31,713,234 0.39 %

18/10 : 32,404,534 0.40 %

19/10 : 32,621,834 0.40 %

20/10 : 33, 657,934 0.41 %




👉 Hoho Shortist are Accumulating ard what Price Range …

Post removed.Why?

MA10 : 0.210


1.) 1st hurdle BB 20 2 Mid : 0.2095 Done 


2.) 2nd hurdle MA200 : 0.2136


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


—-

MA10 : 0.2095


1.) 1st hurdle BB 20 2 Mid : 0.2100 


2.) 2nd hurdle MA200 : 0.2132


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.213 CP : 0.215


MA10 : 0.2090


1.) 1st hurdle BB 20 2 Mid : 0.2102


2.) 2nd hurdle MA200 : 0.2111


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.206 CP : 0.205


Observation : Consolidation period : MA200 price is reducing …


—-

MA10 : 0.2080


1.) 1st hurdle BB 20 2 Mid : 0.2095


2.) 2nd hurdle MA200 : 0.2109


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.204 CP : 0.200


___


👉 Observation : Consolidation period : MA200 price is reducing …


👉 1/9/2023 : Price is Up from 0.205 to 0.235 , 2/9 Highest 0.245 …

At that Time : MA400 is 0.27 …
52W H is 0.34 …


👉 Consolidation period in 2nd month …

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Hoho Jaks Shl has Price Competitive advantage with its China partners, n seeing the China Solar panel manufacturer shifting the battleground to Malaysia :

斥18億雪州設廠 隆基綠能 隆市設亞太總部
2023年10月17日 3746点阅 責任編輯: 財經小編
（雙文丹17日訊）“中國企業500強”公司、太陽能電池板製造商——隆基綠能科技股份有限公司（LONGi Green Energy Technology）將投資18億令吉在雪蘭莪設廠，並在吉隆坡開設亞太區總部。


隆基綠能科技副總裁李文學指出，位於雙文丹的140英畝的組件工廠，是公司在大馬半島的首個製造基地，采用了目前光伏行業最先進的技術、工藝和設備，分兩期建設，全部建成後組件產能可達8.8吉瓦（GW）。

他今日在隆基雙文丹組件工廠第1期項目投產暨第2期項目的開工儀式上說，隨著第1期工程順利投產，第2期工程也隨即啟動。截至目前，雙文丹組件工廠第1期項目已經為當地創造約900個工作崗位，預計未來將會超過2000個工作崗位。

預期雇用逾2000本地人

隆基綠能國際製造中心副總裁嚴仕進說，公司將在明年3月之前完成建設4家工廠，屆時將雇用超過2200名大馬工人。

https://www.chinapress.com.my/?p=3649970

Hoho Jaks Shl has Price Competitive advantage with its China partners, n seeing the China Solar panel manufacturer shifting the battleground to Malaysia :

斥18億雪州設廠 隆基綠能 隆市設亞太總部
2023年10月17日 3746点阅 責任編輯: 財經小編
（雙文丹17日訊）“中國企業500強”公司、太陽能電池板製造商——隆基綠能科技股份有限公司（LONGi Green Energy Technology）將投資18億令吉在雪蘭莪設廠，並在吉隆坡開設亞太區總部。


隆基綠能科技副總裁李文學指出，位於雙文丹的140英畝的組件工廠，是公司在大馬半島的首個製造基地，采用了目前光伏行業最先進的技術、工藝和設備，分兩期建設，全部建成後組件產能可達8.8吉瓦（GW）。

他今日在隆基雙文丹組件工廠第1期項目投產暨第2期項目的開工儀式上說，隨著第1期工程順利投產，第2期工程也隨即啟動。截至目前，雙文丹組件工廠第1期項目已經為當地創造約900個工作崗位，預計未來將會超過2000個工作崗位。

預期雇用逾2000本地人

隆基綠能國際製造中心副總裁嚴仕進說，公司將在明年3月之前完成建設4家工廠，屆時將雇用超過2200名大馬工人。

https://www.chinapress.com.my/?p=3649970

👉 In a press release on May 16, 2023, the government stated "[f]rom now until 2025, there is no limit to the capacity of rooftop solar power development 👉provided that the prices are reasonable and the existing transmission network is not overloaded."1.

Hoho Jaks is the 1st Company completed the LSS4 Local Solar Project among the 10 companies being awarded.. Commercial Operating Date on August 2023 …


And also secured another Local Solar Project :


3.A) This year on 7/8/2023 :

On Monday, the Energy Commission (EC) announced that a total 563.42MW under the CGPP were awarded to 22 solar power producers.


👉 With reference to the above, the Company is pleased to enclose the press release in conjunction with the successful bid for a 29.99MW solar photovoltaic project under the Corporate Green Power Program by JAKS Solar Power Sdn Bhd, a wholly owned subsidiary of JAKS, together with its consortium partners, Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd.
 
This announcement is dated 9 August 2023.

👉 In a press release on May 16, 2023, the government stated "[f]rom now until 2025, there is no limit to the capacity of rooftop solar power development provided that the prices are reasonable and the existing transmission network is not overloaded."1.

Hoho Vietnam PDP8 key sentences that Shl benefits Jaks :

1.) After 2030, Vietnam would not develop any new coal-fired power plants, and active plants that are 20 years or older will begin transitioning to biomass or ammonia. Plants over 40 years old that cannot achieve this fuel switch will be retired.

2.) Vietnam also aims to install rooftop solar on half of all office buildings and homes by 2030, ultimately generating up to 189 GW by 2050. In a press release on May 16, 2023, the government stated "[f]rom now until 2025, there is no limit to the capacity of rooftop solar power development provided that the prices are reasonable and the existing transmission network is not overloaded."1.

👉 Vietnam previously experienced a boom in solar development in 2019 and 2020, but much of the electricity could not be delivered to the grid without transmission and other capacity upgrades. PDP8's planned investments in transmission and distribution infrastructure could alleviate these issues and bolster Vietnam's transition to rely more heavily on renewable energy sources.

Next Steps
PDP8 envisages legal reforms to meet Vietnam's energy development goals. Specific measures to be led by the Ministry of Industry and Trade include amendments to the Electricity Law to account for electricity market regulation, including investment and electricity pricing policy, as well as the development of mechanisms for investment auctions, direct power purchase agreements and electricity price management. Further reforms to be expected include amendments to the Law on Economical and Efficient Use of Energy and the adoption of a Law on Renewable Energy. The Ministry of Industry and Trade is to submit a planning implementation plan to the Prime Minister in June 2023.

Renewable Energy Sources

In 2020, hydropower produced 21 GW (30.3%) of total capacity. Under PDP8, total capacity would increase to 29.5 GW (19.5%) by 2030, and up to 36 GW (6.3%) by 2050. More ambitious targets for renewable sources, however, relate to wind and solar expansion. Wind accounted for just 0.54 GW (0.8%) of total capacity in 2020; PDP8 would scale this up to 27.88 GW (18.5%) by 2030, with 6 GW of offshore wind power by 2030. By 2050, the goal is to generate 70 GW from offshore wind alone. Vietnam also aims to install rooftop solar on half of all office buildings and homes by 2030, ultimately generating up to 189 GW by 2050. In a press release on May 16, 2023, the government stated "[f]rom now until 2025, there is no limit to the capacity of rooftop solar power development provided that the prices are reasonable and the existing transmission network is not overloaded."1

👉 Vietnam previously experienced a boom in solar development in 2019 and 2020, but much of the electricity could not be delivered to the grid without transmission and other capacity upgrades. PDP8's planned investments in transmission and distribution infrastructure could alleviate these issues and bolster Vietnam's transition to rely more heavily on renewable energy sources.

Coal

Although PDP8 does not call for immediate reductions in Vietnam's reliance on coal, coal would become a smaller share of the total energy mix by 2030. In 2020, total capacity of coal-fired power plants was 21.38 GW (30.8%) of the energy mix. By 2030, Vietnam plans to increase this to 30.13 GW, but this would reduce its share to 20% of planned energy capacity.

👉 After 2030, Vietnam would not develop any new coal-fired power plants, and active plants that are 20 years or older will begin transitioning to biomass or ammonia. Plants over 40 years old that cannot achieve this fuel switch will be retired.

LNG and Natural Gas
In 2020, natural gas accounted for 9.03 GW (13.1% of Vietnam's total generation capacity) all of which was sourced from domestic gas. PDP8 calls for expanding LNG and natural gas capacity to 37.33 GW (24.8%) by 2030. The bulk of this expansion would come from LNG, which Vietnam does not currently utilize. PetroVietnam Gas recently completed construction of the country's first LNG importation terminal, with a capacity of one million tonnes per year, and has issued a tender seeking to purchase the country's first LNG cargo. PDP8 plans for development of 13 LNG-fired power plants by 2030, with the first scheduled to begin operating in late 2024.

PDP8 provides specific targets for Vietnam's energy mix by 2030 but also set goals to help the country achieve carbon neutrality by 2050. Longer-term goals include the gradual phase-out of coal, increased reliance on natural gas, specifically LNG, and an expansion of renewable energy capacity from 30.9% of the country's energy mix in 2030 to 67.5% by 2050, primarily through investments in offshore wind and rooftop solar generation. The 2050 targets would require much more investment than the 2030 targets, with total cost estimates ranging from US$399 billion to US$523 billion.
A sector-by-sector breakdown of PDP8's generation-related targets is as follows:

👉 While PDP8 calls for a significant evolution of Vietnam's electricity grid and its entry into the offshore wind and LNG spaces, it does not call for an end of coal-fired generation by 2030, which could present risks for foreign-pledged investments intended to aid the transition away from coal power plants. Total generation capacity from coal power plants would increase from 2020 to 2030, but no new coal power plants would be developed after 2030, and existing plants would begin to transition to cleaner fuels, such as biomass or ammonia.

Vietnam Approves Power Development Plan for Cleaner Fuels


Power Development Plan VIII ("PDP8") calls for expansions to renewable energy generation and development of LNG facilities to aid a gradual phase-out of coal-fired power plants. The plan will require US$134.7 billion in domestic and foreign investment by 2030 and lays a pathway for Vietnam to achieve carbon neutrality by 2050.



On May 15, 2023, after two years of consultation with public and private stakeholders and 12 draft plans, Prime Minister Pham Minh Chinh approved Vietnam's PDP8 as part of Vietnam's National Electricity Development Plan 2021 – 30. PDP8 calls for significant expansion of the country's electricity grid, more than doubling its capacity from 69 GW in 2020 to 150 GW by 2030, and set energy transition goals for achieving carbon neutrality by 2050. Much of the expansion is slated to come from investments in offshore wind facilities and LNG-supplied natural gas power plants.


The plan will require a total investment of US$134.7 billion by 2030 to fund new generation facilities and grid upgrades, part of which will come from foreign investors. In December 2022, the Group of Seven nations pledged to provide Vietnam with US$15.5 billion to help end the country's reliance on coal-fired power plants, after offering similar incentives to South Africa and Indonesia. Vietnam's commitment to concrete energy transition goals in PDP8 may help unlock this investment by alleviating brewing uncertainties over the two-year delay to the plan's approval.

MA10 : 0.210


1.) 1st hurdle BB 20 2 Mid : 0.2095 Done 


2.) 2nd hurdle MA200 : 0.2136


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


—-

MA10 : 0.2095


1.) 1st hurdle BB 20 2 Mid : 0.2100 


2.) 2nd hurdle MA200 : 0.2132


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.213 CP : 0.215



MA10 : 0.2090


1.) 1st hurdle BB 20 2 Mid : 0.2102


2.) 2nd hurdle MA200 : 0.2111


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.206 CP : 0.205


Observation : Consolidation period : MA200 price is reducing …


—-

MA10 : 0.2080


1.) 1st hurdle BB 20 2 Mid : 0.2095


2.) 2nd hurdle MA200 : 0.2109


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.204 CP : 0.200


___


👉 Observation : Consolidation period : MA200 price is reducing …


👉 1/9/2023 : Price is Up from 0.205 to 0.235 , 2/9 Highest 0.245 …

At that Time : MA400 is 0.27 …
52W H is 0.34 …


👉 Consolidation period in 2nd month …

> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Hoho Jaks insiders had done an excellent job on controlling the Gearing Ratio with Such a Capital intensive Vietnam Power Plant Project:


>>

1.) FYE2019 : 0.43 X


2.) FYE2020 : 0.34 X


3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X


4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X


👉 Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000


Investment Properties 590,929,000


Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍



C) Investment in Joint Venture. : Increased RM 32,312,000 👍

Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍




—

Hoho Jaks got 2 Cash Cow Projects with Commercial Operating Date : 



1) Vietnam Power Plant : January 2021 with 25 concession years tenure . 



2) Local Solar LSS4 Project : August 2023 with 25 concession years tenure .

>>

1.) Vietnam Power Plant Share of Profit n Dividends :

2020 : RM 3.8 million

2021 : RM 140.7 million

2022 : RM 156.2 million , Dividend RM 70.0 million

2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M

Jaks share of profit


Jaks : Vietnam Power Plant Project BOT 25 years concession tenure. >>


A ) Referred to FY21 Annual Report :


The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .



B ) Referred to FY22 Annual Report :


The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.



And Dividend RM 70.0 million after yearly Audit ..



C ) Referred to 1st QR ended March 2023 :

Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.


( Note : from Key Matters Discussed, the reduced Share of Profit is due to increased interest expenses .


D) Referred to 2nd QR ended June 2023 :
Share of Profit in Joint Venture is RM 32,312,000 . Wow really a Cash Cow , 💪.

—


>> JHDP has been granted the Investment Certificate by the Ministry of Planning and Investment of Vietnam on June 2011 to develop a 2 x 600 MW Coal Fired Thermal Power Plant Project in Phuc Thanh Commune, Kinh Mon District, Hai Duong Province, Vietnam ("Hai Duong BOT Thermal Power Plant"), under the form of Build-Operate-Transfer ("BOT") for 25 years.


>>> Construction of Hai Duong BOT Thermal Power Plant has commenced in the first half of 2016. Hai Duong BOT Thermal Power Plant achieved the commercial operation for its first unit on November 2020, while the commercial operation for the second unit was achieved in January 2021.

—


👉 Hoho 3QR Vietnam JV share of Profit by November 23 is looking Good 👍 also .. as the High Temperature issue is Peak from April to July.. n Shortage of Industrial Power Requirements…

Hoho as I said earlier.. Jaks Vietnam JV Power Plant is Completed, Commissioned with Commercial Operating Date on January 2021 ..The Share of Profit, Dividend, Net of Profit, Non Current Assets since then is a Proven facts n Figures..

Those Negative Commentator who did the Project Estimator Job using IRR format oredi Stopped …