All general meetings other than AGM shall be called Extraordinary General Meeting (EGM).

14 days notice for AGM and EGM where ordinary resolutions need to be passed.

21 days notice for AGM and EGM where special resolutions need to be passed.

28 days notice for AGM and EGM where ordinary resolutions requiring special notice need to be passed.

Thank You

rohank71

@just88, can get it from Rams press release.

23 minutes ago

How to know whether ALR has issued the sukuk ?

any chance of the deal cancelled ?

https://www.thesundaily.my/home/jaks-resources-expects-better-financial-performance-in-fy2022-LN9294872

Any possibility that the deal be called off ?

"Despite the increased contribution from its associate, we believe that there is still upside to this, given the spill-over of the maintenance charged during the quarter, while most of the work was completed in 4Q21" -- Affin

Sslee, could it be due to other reasons like technical problems with the power plant, high repair costs etc. Always so cynical ?

It is not difficult to tell who is smart and who is just acting smart.

Gotyou, Thank you for sharing DK's reply. I was having difficulty understanding you previous article but DK explanation helped a great deal. Thanks.

https://klse.i3investor.com/web/blog/detail/gotyou/2022-05-31-story-h1624135064-CALCULATION_OF_TARIFF_CHARGES

https://klse.i3investor.com/web/blog/detail/gotyou/2022-05-27-story-h1623448661-VIETNAM_BOT_PPA_SECRET_REVEALED

"the amount of distribution mentioned is a preliminary estimate and should not be deemed as the final distributable amount."

Proposed Special Dividend
The Board proposes to declare and pay part of the Disposal Consideration as a special cash
dividend to shareholders whose names appear in the Company’s Record of Depositors on an
entitlement date to be determined by the Board later (“Proposed Special Dividend”). The
Proposed Special Dividend will be implemented upon the approvals as set out in Section 10.2
below is obtained.
As at the LPD, the tentative amount proposed to be distributed as special cash dividend to the
entitled shareholders will be approximately RM1.85 per SCGM Share which amount to
approximately RM356.24 million. The actual amount to be distributed will be determined and
announced at a later stage. SCGM’s shareholders should note that the amount of distribution
mentioned is a preliminary estimate and should not be deemed as the final distributable amount.
The quantum of special cash dividend to be declared is dependent on the availability of
sufficient distributable profits and the Company being in a position to comply with the provisions
of Section 131 of the Act as at the date of declaration of the proposed dividend.

Johnzhang, what is the expected earnings of mphbcap post disposal of its insurance business ? Thanks

This sounds like Puncak few year ago after it has sold its water business. Many years of losses after distribution. Not a good sign for minority shareholders.
*********************************
Johnzhang
Speakup, come on lah ! The proposed payout ($322 mil) is only 26.8% of the total $1.2 bil proceeds from all the assets monetized from day one including the final insurance sales. After the proposed dividend and capital repayment, $878 mil (1,200 mil - $322 mil) is retained and left idling . Pls tell us what existing business of mphb require cash standby of $878 mil to cushion economic crisis. Total revenue ex insurance sales is not even $50 mil a year !
If the management has not done anything to develop the landbanks or to look for new venture in the past 8 years to enhance the value of the share, what makes you think that they can and will do so now ?
SU objective is just want to Screw your kau kau and you seem happy to that .

There was some kitchen sinking exercises during last Qr. It is unlikely for Jaks to record losses in the coming Qr. I expect the profit to be similar to Q3 last year.

curiousq, I m no sifu. I m just someone who wish to get free info from sifus in i3.

Public forum very toxic, sifus all driven away.
...................
curiousq

sifus give a lot of secret info. in private group and dont want to tell in public forum?

Before you buy, better be sure that the power plant project is not dead yet.....

This is what happen when all the Sifus were driven away. You want information, you need to DIY.

ks55

Mana Jaks punya sifu? Mana Vietnam punya power plant?

12 minutes ago

Toyo owes one of the major shareholders more than RM300 millions for the power plant project. Toyo has no means of paying back !

The insider who is dumping was the CEO of toyo. He was not re-elected during the last AGM. Why do you think he was not re-elected ? The answer should be obvious..... He failed to get the power plant going.

Most people are impatient and tend to sell out at the early stages of major rallies. You seldom see volume of more than 40m for this stock. There is no guarantee that the rally will continue but if you are not willing to count on it, how else can you make big money ?

Jaks is too cheap to sell at this level. Playing ding dong will win you some money but not a lot. Big money is made when you buy and hold for big gains.

Your INSAS is a good example

I do not always take fair valuation as the TP. Just look around, how many stocks are trading at fair valuations. Most are rather trading at way under or over the academic valuations.

Sslee, too bad DK is not here to provide the explanation. I was initially puzzled by his profit taking call as the sentiment was superb then but he provided strong and valid reasons for his call, so I took his advice. He did mention RM1.50 as his fair value derivation from DCF valuation which is long term in nature. So, perhaps RM1.50 is a long term valuation. I m not sure. Maybe you could email DK himself.

Anyway, we are on our own now. I still have faith in Jaks and that is why I have started accumulating slowly

Sslee, DK's first TP is 2.50 (pre adjustment for PP & rights), he said that 0.80 now is equivalent to almost RM2.80 pre adjustment price. He wrote an article for his group exclusively to explain the rationale for profit protection. His group benefited from his advice but not so fortunate for the i3 public forum.

Those who have taken his advice to take profit at RM0.80 should be having easy life now.

Amukutty, surely i know because I m also a member of DK's private group. I also know that DK made a lot of money from Jaks and has decided to retire from i3 totally including his private group. He should be somewhere enjoying his retirement now.

**********************************************
Amukutty Just88 his name is DK66
26/01/2022 4:37 PM

Sniper123, you are a member of his private group, you should know ....

"I miss the good old day where Choivo Capital, Icon8888 and etc sharing their writing with i3 readers. " ---->> Contributors are less willing to share their writings due to the rampant attacks by some forumers. Some writers quit totally. Any good suggestions for remedy ?

Perhaps sslee or philip may like to say something .............

If his forecast of profit sharing from JHDP is close, what would you say about his DCF calculation ?

DK was brave to contradict management guidance for JHDP of just RM80m by giving a substantially higher forecast. Many was laughing him off. Now that his forecast comes true within 20% variation, he should be credited for his works. Well done DK !

Projected RM173.4m vs DK's forecast of RM196m (11% variation)

Profit sharing from vietnam power plant = RM43.3m annualised = RM173.4m

I m talking about basic human rights, understand ?

Speechless, some ppl just argue for the sake of arguing. Price up equals correct analysis, price down equals wrong analysis ?? You think this is casino baccarat game - banker & player ?? Do you even know what is investing ?? wasting my saliva talking to wood.

If everyone diam, i3 will close shop. Just avoid personal attacks and mind our own businesses.

I see that many ppl here do not have respect for human rights. This is a public forum. It is a place for everyone to talk freely. No one should dictate what others should or should not do. If OTB wants to promote and share his ideas here, that is his rights. Who gives you the rights to stop him from what he is doing ??? Who gives you the rights to judge him ??? Whether he is a conman or good man is none of your concern. If you want to do everyone a favor by warning against OTB, then you should try to prove his analysis wrong and your effort will be appreciated. The share price of Hiaptek is falling due to Omicron, so is 800+ other stock prices. Some ppl have nothing better to do and just want to pick fights. Haizzz.

Windy, thanks for your thoughts. Demise of Serbak will benefit its competitors especially Dayang.

How to spot someone with BAD intention ? Simple, why would anyone post the same messages over and over again ?

Which do you prefer ?

A. No sifus will share their works here for free, and only jokers talking rubbish here and there, or

B. Everyone get a chance to hear what sifus have to say and they can later verify sifu's information independently.

If we chase all the sifus away, i3 will eventually be a dead town. Think twice.

Just take a look at Jaks forum. It is dead quiet now after sifu DK decided to quit after being unduly attacked.

I m confused ......

What is/are the accusation(s) against OTB ?

A. OTB shouldn't promote Hiaptek because the price is dropping, or
B. OTB shouldn't promote Hiaptek because it is a scam stock, or
C. OTB shouldn't promote Hiaptek because he is not 100% sure, or
D. OTB shouldn't promote Hiaptek because he was not always right in his past recommendations, or
E. OTB shouldn't promote Hiaptek because he has vested interest, or
F. OTB shouldn't promote Hiaptek because he is trying to push the stock price up, or
G. OTB shouldn't promote Hiaptek because he is trying to lure more subscribers, or
H. OTB shouldn't promote Hiaptek because he has provided false information, or
I. OTB shouldn't promote Hiaptek because his analysis is incorrect, or
J. Others

So, exactly why OTB should not promote Hiaptek in i3 ?

TryMakeGoodBuy I don't think there is a double taxation treaty with Vietnam
14/11/2021 12:13 AM

*************
For your information

https://wtocenter.vn/chuyen-de/13047-agreement-for-the-avoidance-of-double-taxation-and-the-prevention-of-fiscal-evasion-with-respect-to-taxes-on-income-between-vietnam-and-malaysia

Sslee

So if Jaks received dividend from associate company JHDP Vietnam next year, will this dividend subject to Malaysia Tax?

-----------------------
Sslee, what is your opinion ?

Many ppl are not focusing correctly on Hiaptek's reason for long term prosperity. If ppl continue to focus on the steel prices, they are not seeing the bigger picture and will not be able to hold long for big gain.

IMHO, the followings are the key reasons for buying Hiaptek.

1. China is determined to reduce CO2 emission. EAF which uses scrap steels are now preferred over BF which uses coal as feed stocks. However, BF has lower cost of production with better and more consistence quality. ie. BF has higher competitive advantages over EAF.

2. China is reducing coal power generation ending cheap sources of electricity for EAF.

3. China has planned numerous BF projects in overseas developing nations under its IBIR, especially those with iron ore supplies. This is effectively moving some of its pollutive steel industries outside china while maintaining control over steel productions. This reduces china's reliance on Australia iron ore and coal and eases its domestic demand for coal powered electricity. Alliance steel and Eastern Steel in Malaysia are examples of such projects.

4. China has removed steel export rebates as well as imposing export tax on steel. Such measures are unlikely to be reversed in the future. This will greatly improve the competitiveness of overseas steel makers such as those in Malaysia which have ample supplies of electricity and natural gas.

5. Eastern Steel was revived in 2018, long before the sharp increase in steel prices indicates that it already has the matrix to compete globally under the new chinese operator, Jinlong. Being China owned, Eastern steel has export priority into China or for china controlled overseas projects.

6. Eastern steel has 600ha of iron ore concession in Bukit besi to ensure long term supply of iron ore as well as to profit from iron ore mining.

7. Eastern steel has plan to expand production to 3m MT for better economic of scale in production.

However, risk to my opinion being china reverses its stance on CO2 emission, and continue to expand and facilitate steel production and export.