Aiyoyo ah neh neh samy value you stupid la profit smaller not because sales dropped la

At that time director was also selling


Stock: [JAKS]: JAKS RESOURCES BERHAD
Feb 19, 2014 10:08 AM | Report Abuse

A director sold all his JAKS recently.


Name Ang Lam Aik

Descriptions(Class & nominal value) Ordinary shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)


Type of transaction

Date of change

No of securities

Price Transacted (RM)


Disposed

10/02/2014

2,500,000


Circumstances by reason of which change has occurred Disposal of Shares
Nature of interest Direct
Consideration (if any)


Total no of securities after change

Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0

Date of notice 10/02/2014

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1535529

Calvin call to buy 40 cents was wrong. Icon is right. I was there.


Stock: [JAKS]: JAKS RESOURCES BERHAD
Dec 22, 2013 10:45 AM | Report Abuse

Think the latest quarter result has not included the write off of this deposit..


http://klse.i3investor.com/servlets/anpth/947689.jsp ;

JAKS RESOURCES BERHAD (“JRB” OR “COMPANY”) PROPOSED JOINT VENTURE BETWEEN JAKS POWER HOLDING LIMITED (“JPH”) AND WUHAN KAIDI ELECTRIC POWER ENGINEERING CO., LTD (“KAIDI”) TO INVEST IN A 2 X 600 MEGAWATT COAL-FIRED THERMAL POWER PLANT (“PROPOSED JOINT VENTURE”) This announcement is dated 30 October 2013. We refer to the circular to shareholders dated 13 June 2013 (“Circular”) and the subsequent announcement dated 28 June 2013 and 3 September 2013 in relation to the Proposed Joint Venture. Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Circular. On behalf of the Board, AmInvestment Bank wishes to announce that JRB Group and Kaidi had vide JPP’s letter to Kaidi dated 30 October 2013, mutually agreed to further extend the cut-off date to enable Kaidi to fulfil its obligations under the conditions precedent as set out in the Kaidi Subscription Agreement from the expiry of 30 October 2013 to 31 March 2014. In addition, AmInvestment Bank wishes to inform that JPP has written to MOIT to seek a waiver for JPP and/or JHDP from achieving the Financial Close by 30 October 2013 (“Proposed Waiver”). As at the date of this announcement, JRB Group is awaiting for MOIT’s decision for the Proposed Waiver.


JAKS is going to lose its RM 60.2 million security deposit placed with MOIT because it cannot get the loan to finance the project to achieve the Financial Close by 30 October 2013.


RM 60.2 million security deposit gone. This will effect JAKS badly. See paragraph 5.2 of this circular.....

http://klse.i3investor.com/servlets/staticfile/220787.jsp

The question is why list a big China casino in Malaysia instead of HK? Doesn't make sense, it will not happen.

These are not good companies, not to the extent that Mr Koon has invested so much money into them.

They are just companies coming off from very low base.

The misunderstanding may have gone too far..

Local furniture companies were trading at very low prices because local furniture industry is a sunset industry due to shortage of rubberwood. Do you still see rubber plantations in Malaysia?

The low prices have made all the FA numbers looked ok and were mistaken as good.

This gentleman obviously did not know what he was writing on..


Posted by kcchongnz > Dec 28, 2014 05:18 PM | Report Abuse

Does Homeritz uses rubber wood for its furniture production???


Very surprised and disappointed that you have written such a long writeup on local furniture companies but don't even know their main raw material is rubberwood...

These are not good companies, not to the extent that Mr Koon has invested so much money into them.

They are just companies coming off from very low base.

The misunderstanding may have gone too far..

Local furniture companies were trading at very low prices because local furniture industry is a sunset industry due to shortage of rubberwood. Do you still see rubber plantations in Malaysia?

The low prices have made all the FA numbers looked ok and were mistaken as good.

This gentleman obviously did not know what he was writing on..


Posted by kcchongnz > Dec 28, 2014 05:18 PM | Report Abuse

Does Homeritz uses rubber wood for its furniture production???


Very surprised and disappointed that you have written such a long writeup on local furniture companies but don't even know their main raw material is rubberwood...

These are not good companies, not to the extent that Mr Koon has invested so much money into them.

They are just companies coming off from very low base.

The misunderstanding may have gone too far..

Local furniture companies were trading at very low prices because local furniture industry is a sunset industry due to shortage of rubberwood. Do you still see rubber plantations in Malaysia?

The low prices have made all the FA numbers looked ok and were mistaken as good. This gentleman obviously did not know what he was writing on..




Posted by kcchongnz > Dec 28, 2014 05:18 PM | Report Abuse

Does Homeritz uses rubber wood for its furniture production???


Very surprised and disappointed that you have written such a long writeup on local furniture companies but don't even know their main raw material is rubberwood...

Posted by kcchongnz > Dec 28, 2014 05:18 PM | Report Abuse

Does Homeritz uses rubber wood for its furniture production???


Very surprised and disappointed that you have written such a long writeup on local furniture companies but don't even know their main raw material is rubberwood....

So, the water contract finaly arrived, but what a shame it is only just so small!!!


In the meantime,

JAKS is getting closer and closer to losing its RM 60.2 million security deposit, and millions already spent on this power plant project, there will be huge write off in its account soon.


FYI KAIDI was already the 2nd JV partner and this project is delayed at least 5 years.




Posted by KBYap > Dec 22, 2013 10:45 AM | Report Abuse X

Think the latest quarter result has not included the write off of this deposit..


http://klse.i3investor.com/servlets/anpth/947689.jsp

JAKS RESOURCES BERHAD (“JRB” OR “COMPANY”) PROPOSED JOINT VENTURE BETWEEN JAKS POWER HOLDING LIMITED (“JPH”) AND WUHAN KAIDI ELECTRIC POWER ENGINEERING CO., LTD (“KAIDI”) TO INVEST IN A 2 X 600 MEGAWATT COAL-FIRED THERMAL POWER PLANT (“PROPOSED JOINT VENTURE”) This announcement is dated 30 October 2013. We refer to the circular to shareholders dated 13 June 2013 (“Circular”) and the subsequent announcement dated 28 June 2013 and 3 September 2013 in relation to the Proposed Joint Venture. Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Circular. On behalf of the Board, AmInvestment Bank wishes to announce that JRB Group and Kaidi had vide JPP’s letter to Kaidi dated 30 October 2013, mutually agreed to further extend the cut-off date to enable Kaidi to fulfil its obligations under the conditions precedent as set out in the Kaidi Subscription Agreement from the expiry of 30 October 2013 to 31 March 2014. In addition, AmInvestment Bank wishes to inform that JPP has written to MOIT to seek a waiver for JPP and/or JHDP from achieving the Financial Close by 30 October 2013 (“Proposed Waiver”). As at the date of this announcement, JRB Group is awaiting for MOIT’s decision for the Proposed Waiver.

JAKS is going to lose its RM 60.2 million security deposit placed with MOIT because it cannot get the loan to finance the project to achieve the Financial Close by 30 October 2013.

RM 60.2 million security deposit gone. This will effect JAKS badly. See paragraph 5.2 of this circular..... http://klse.i3investor.com/servlets/staticfile/220787.jsp

You cannot fight the market and the government policies and steps to curb properties prices.

Well if the government has decided it will just keeps setting more steps under it suceed. Look at Singapore, the properties prices there are expected to drop by 30% in the next 6 months.

So don't touch property counters for at least the next 3 to 6 months.

The problems only can get more acute.

Have you seen rubber plantations around nowadays??? Of course not as all have been replanted with oil plam.

Local furniture business is a sunset industry as their size is limited by the limited supply of rubberwood in Malaysia.

Stock: [PJDEV]: PJ DEVELOPMENT HOLDINGS BHD
Nov 16, 2013 02:44 PM | Report Abuse

If he is a nice guy he will let PJDevp be, worst case scenario is that he will press down PJDEVP price soon before he will make an offer.

No difficult to press down the price of a property counter now due to the measures by the government to curb properties prices.


Stock: [PJDEV]: PJ DEVELOPMENT HOLDINGS BHD
Nov 16, 2013 02:31 PM | Report Abuse

He will let PJDevp price drop as he is in no hurry as OSKP has lots of ongoing projects in Putra Jaya.


Stock: [PJDEV]: PJ DEVELOPMENT HOLDINGS BHD
Nov 16, 2013 02:23 PM | Report Abuse

Just watch the timing, just nice just right after the government have introduced all the measures to curd properties prices.


Stock: [PJDEV]: PJ DEVELOPMENT HOLDINGS BHD
Nov 16, 2013 02:16 PM | Report Abuse

Ooi you are sharp.

He of course wont take over at high price, otherwise you are realizing his future profits which will be his to you now.

You are stupid, he is not.

The problems only can get more acute.

Have you seen new rubber plantations around nowadays??? Of course not as all have been replanted with oil plam.

Local furniture business is a sunset industry as their size is limited by the limited supply of rubberwood in Malaysia.

The problems only can get more acute.

Have you seen rubber plantations around nowadays??? Of course not as all have been replanted with oil plam.

Local furniture business is a sunset industry as their size is limited by the limited supply of rubberwood in Malaysia.

The problems only can get more acute.

Have you seen new rubber plantations around nowadays??? Of course not as all have been replanted with oil plam.

Local furniture business is a sunset industry as their size is limited by the limited supply of rubberwood in Malaysia.

The problems only can get more acute.

Have you seen new rubber plantations around nowadays??? Of course not as all have been replanted with oil plam.

Local furniture business is a sunset industry as their size is limited by the limited supply of rubberwood in Malaysia.

The problems only can get more acute.

Have you seen new rubber plantations around nowadays??? Of course not as all have been replanted with oil plam.

Local furniture business is a sunset industry as their size is limited by the limited supply of rubberwood in Malaysia.

Posted by KBYap > Dec 28, 2014 08:50 AM | Report Abuse X

Furniture makers face labour and rubberwood shortage

By CHONG CHEE SEONG
MUAR
johor@nstp.com.my

MALAYSIAN furniture manufacturers are facing two acute problems -- shortage of labour and rubberwood -- resulting in a 4.6 per cent drop in the country's total export last year.
Johor Furniture Association president Bo Eng Chee said the country's export from January to November in 2010 was RM7.3 billion as compared with RM6.9 billion in the same period of last year.

He said the drop affected the export of wooden, metal and plastic furniture.

Bo, who is also the Muar Furniture Association (MFA) president, said the MFA and the Malaysian Timber Industry Board would jointly submit a memorandum to the Plantation Industries and Commodities Ministry next month to address the two problems.

He said the shortage of rubberwood in the country had resulted in the price of the wood going up from RM1,400 to RM1,800 per metric tonne since last October.

He called on the government to stop the export of rubberwood and ensure a sufficient supply for the domestic market.

On the shortage of foreign labour, Bo said the implementation of the amnesty programme (codenamed 6P) for legal and illegal foreign workers was the main cause.

He said the shortage compelled furniture manufacturers to reject foreign orders for fear of it affecting their production and delivery of export goods.

Bo said it had a significant impact on export, adding that the furniture industry is one of Muar's economic lifelines and accounted for about 45 per cent of national furniture export.

He said a good opportunity had come to Malaysia in recent years when China's furniture industry lost its competitive edge and manufactuers in Thailand were affected by floods.

"Unfortunately, we are unable to capitalise on it because of the lack of workers and rubberwood."

Bo said the government should formulate a plan to ensure a sustainable supply of foreign workers and rubberwood to avoid interruptions in plant operations which have adverse effects on productivity.

He said with the introduction of the 6P programme, the industry was facing a 30 to 50 per cent drop in foreign labour, forcing small factories to close down.

The 6P programme comprises registration, legalisation, amnesty, supervision, enforcement and deportation of foreign workers.

Bo called on the government to monitor the programme closely to prevent job-hopping of legalised foreign workers.


The problems only can get more acute.




Posted by KBYap > Dec 28, 2014 08:57 AM | Report Abuse X

With China slowing down and its property market crashing..... I keep it vague too, you go and do your own thinking.

Posted by KBYap > Dec 28, 2014 08:50 AM | Report Abuse X
Furniture makers face labour and rubberwood shortage

By CHONG CHEE SEONG
MUAR
johor@nstp.com.my

MALAYSIAN furniture manufacturers are facing two acute problems -- shortage of labour and rubberwood -- resulting in a 4.6 per cent drop in the country's total export last year.
Johor Furniture Association president Bo Eng Chee said the country's export from January to November in 2010 was RM7.3 billion as compared with RM6.9 billion in the same period of last year.

He said the drop affected the export of wooden, metal and plastic furniture.

Bo, who is also the Muar Furniture Association (MFA) president, said the MFA and the Malaysian Timber Industry Board would jointly submit a memorandum to the Plantation Industries and Commodities Ministry next month to address the two problems.

He said the shortage of rubberwood in the country had resulted in the price of the wood going up from RM1,400 to RM1,800 per metric tonne since last October.

He called on the government to stop the export of rubberwood and ensure a sufficient supply for the domestic market.

On the shortage of foreign labour, Bo said the implementation of the amnesty programme (codenamed 6P) for legal and illegal foreign workers was the main cause.

He said the shortage compelled furniture manufacturers to reject foreign orders for fear of it affecting their production and delivery of export goods.

Bo said it had a significant impact on export, adding that the furniture industry is one of Muar's economic lifelines and accounted for about 45 per cent of national furniture export.

He said a good opportunity had come to Malaysia in recent years when China's furniture industry lost its competitive edge and manufactuers in Thailand were affected by floods.

"Unfortunately, we are unable to capitalise on it because of the lack of workers and rubberwood."

Bo said the government should formulate a plan to ensure a sustainable supply of foreign workers and rubberwood to avoid interruptions in plant operations which have adverse effects on productivity.

He said with the introduction of the 6P programme, the industry was facing a 30 to 50 per cent drop in foreign labour, forcing small factories to close down.

The 6P programme comprises registration, legalisation, amnesty, supervision, enforcement and deportation of foreign workers.

Bo called on the government to monitor the programme closely to prevent job-hopping of legalised foreign workers.


The problems only can get more acute.

Posted by KBYap > Dec 28, 2014 08:50 AM | Report Abuse X

Furniture makers face labour and rubberwood shortage

By CHONG CHEE SEONG
MUAR
johor@nstp.com.my

MALAYSIAN furniture manufacturers are facing two acute problems -- shortage of labour and rubberwood -- resulting in a 4.6 per cent drop in the country's total export last year.
Johor Furniture Association president Bo Eng Chee said the country's export from January to November in 2010 was RM7.3 billion as compared with RM6.9 billion in the same period of last year.

He said the drop affected the export of wooden, metal and plastic furniture.

Bo, who is also the Muar Furniture Association (MFA) president, said the MFA and the Malaysian Timber Industry Board would jointly submit a memorandum to the Plantation Industries and Commodities Ministry next month to address the two problems.

He said the shortage of rubberwood in the country had resulted in the price of the wood going up from RM1,400 to RM1,800 per metric tonne since last October.

He called on the government to stop the export of rubberwood and ensure a sufficient supply for the domestic market.

On the shortage of foreign labour, Bo said the implementation of the amnesty programme (codenamed 6P) for legal and illegal foreign workers was the main cause.

He said the shortage compelled furniture manufacturers to reject foreign orders for fear of it affecting their production and delivery of export goods.

Bo said it had a significant impact on export, adding that the furniture industry is one of Muar's economic lifelines and accounted for about 45 per cent of national furniture export.

He said a good opportunity had come to Malaysia in recent years when China's furniture industry lost its competitive edge and manufactuers in Thailand were affected by floods.

"Unfortunately, we are unable to capitalise on it because of the lack of workers and rubberwood."

Bo said the government should formulate a plan to ensure a sustainable supply of foreign workers and rubberwood to avoid interruptions in plant operations which have adverse effects on productivity.

He said with the introduction of the 6P programme, the industry was facing a 30 to 50 per cent drop in foreign labour, forcing small factories to close down.

The 6P programme comprises registration, legalisation, amnesty, supervision, enforcement and deportation of foreign workers.

Bo called on the government to monitor the programme closely to prevent job-hopping of legalised foreign workers.


The problems only can get more acute.

Posted by KBYap > Dec 28, 2014 08:50 AM | Report Abuse X

Furniture makers face labour and rubberwood shortage

By CHONG CHEE SEONG
MUAR
johor@nstp.com.my

MALAYSIAN furniture manufacturers are facing two acute problems -- shortage of labour and rubberwood -- resulting in a 4.6 per cent drop in the country's total export last year.
Johor Furniture Association president Bo Eng Chee said the country's export from January to November in 2010 was RM7.3 billion as compared with RM6.9 billion in the same period of last year.

He said the drop affected the export of wooden, metal and plastic furniture.

Bo, who is also the Muar Furniture Association (MFA) president, said the MFA and the Malaysian Timber Industry Board would jointly submit a memorandum to the Plantation Industries and Commodities Ministry next month to address the two problems.

He said the shortage of rubberwood in the country had resulted in the price of the wood going up from RM1,400 to RM1,800 per metric tonne since last October.

He called on the government to stop the export of rubberwood and ensure a sufficient supply for the domestic market.

On the shortage of foreign labour, Bo said the implementation of the amnesty programme (codenamed 6P) for legal and illegal foreign workers was the main cause.

He said the shortage compelled furniture manufacturers to reject foreign orders for fear of it affecting their production and delivery of export goods.

Bo said it had a significant impact on export, adding that the furniture industry is one of Muar's economic lifelines and accounted for about 45 per cent of national furniture export.

He said a good opportunity had come to Malaysia in recent years when China's furniture industry lost its competitive edge and manufactuers in Thailand were affected by floods.

"Unfortunately, we are unable to capitalise on it because of the lack of workers and rubberwood."

Bo said the government should formulate a plan to ensure a sustainable supply of foreign workers and rubberwood to avoid interruptions in plant operations which have adverse effects on productivity.

He said with the introduction of the 6P programme, the industry was facing a 30 to 50 per cent drop in foreign labour, forcing small factories to close down.

The 6P programme comprises registration, legalisation, amnesty, supervision, enforcement and deportation of foreign workers.

Bo called on the government to monitor the programme closely to prevent job-hopping of legalised foreign workers.


The problems only can get more acute.



Posted by KBYap > Dec 28, 2014 08:54 AM | Report Abuse X

Have you asked yourself how sales have conveniently gone up in 2013 just right for the bull market.

Have you asked yourself how is this possible when US housing is in the slump and Euro unemployment rates are so high?

Mind you they are not selling high end furniture to the very very rich who are not affected by the economic slow downs.


Posted by KBYap > Dec 28, 2014 08:57 AM | Report Abuse X

With China slowing down and its property market crashing..... I keep it vague too, you go and do your own thinking.

Posted by KBYap > Dec 28, 2014 08:50 AM | Report Abuse X


Furniture makers face labour and rubberwood shortage

By CHONG CHEE SEONG MUAR
johor@nstp.com.my

MALAYSIAN furniture manufacturers are facing two acute problems -- shortage of labour and rubberwood -- resulting in a 4.6 per cent drop in the country's total export last year.
Johor Furniture Association president Bo Eng Chee said the country's export from January to November in 2010 was RM7.3 billion as compared with RM6.9 billion in the same period of last year.

He said the drop affected the export of wooden, metal and plastic furniture.

Bo, who is also the Muar Furniture Association (MFA) president, said the MFA and the Malaysian Timber Industry Board would jointly submit a memorandum to the Plantation Industries and Commodities Ministry next month to address the two problems.

He said the shortage of rubberwood in the country had resulted in the price of the wood going up from RM1,400 to RM1,800 per metric tonne since last October.

He called on the government to stop the export of rubberwood and ensure a sufficient supply for the domestic market.

On the shortage of foreign labour, Bo said the implementation of the amnesty programme (codenamed 6P) for legal and illegal foreign workers was the main cause.

He said the shortage compelled furniture manufacturers to reject foreign orders for fear of it affecting their production and delivery of export goods.

Bo said it had a significant impact on export, adding that the furniture industry is one of Muar's economic lifelines and accounted for about 45 per cent of national furniture export.

He said a good opportunity had come to Malaysia in recent years when China's furniture industry lost its competitive edge and manufactuers in Thailand were affected by floods.

"Unfortunately, we are unable to capitalise on it because of the lack of workers and rubberwood."

Bo said the government should formulate a plan to ensure a sustainable supply of foreign workers and rubberwood to avoid interruptions in plant operations which have adverse effects on productivity.

He said with the introduction of the 6P programme, the industry was facing a 30 to 50 per cent drop in foreign labour, forcing small factories to close down.

The 6P programme comprises registration, legalisation, amnesty, supervision, enforcement and deportation of foreign workers.

Bo called on the government to monitor the programme closely to prevent job-hopping of legalised foreign workers.


The problems only can get more acute.




Posted by KBYap > Dec 28, 2014 08:54 AM | Report Abuse X

Have you asked yourself how sales have conveniently gone up in 2013 just right for the bull market.

Have you asked yourself how is this possible when US housing is in the slump and Euro unemployment rates are so high?

Mind you they are not selling high end furniture to the very very rich who are not affected by the economic slow downs.



Posted by KBYap > Dec 28, 2014 08:57 AM | Report Abuse X

With China slowing down and its property market crashing..... I keep it vague too, you go and do your own thinking.

With China slowing down and its property market crashing..... I keep it vague too, you go and do your own thinking.

Have you asked yourself how sales have conveniently gone up in 2013 just right for the bull market.

Have you asked yourself how is this possible when US housing is in the slump and Euro unemployment rates are so high?

Mind you they are not selling high end furniture to the very very rich who are not affected by the economic slow downs.

Furniture makers face labour and rubberwood shortage

By CHONG CHEE SEONG
MUAR
johor@nstp.com.my

MALAYSIAN furniture manufacturers are facing two acute problems -- shortage of labour and rubberwood -- resulting in a 4.6 per cent drop in the country's total export last year.
Johor Furniture Association president Bo Eng Chee said the country's export from January to November in 2010 was RM7.3 billion as compared with RM6.9 billion in the same period of last year.

He said the drop affected the export of wooden, metal and plastic furniture.

Bo, who is also the Muar Furniture Association (MFA) president, said the MFA and the Malaysian Timber Industry Board would jointly submit a memorandum to the Plantation Industries and Commodities Ministry next month to address the two problems.

He said the shortage of rubberwood in the country had resulted in the price of the wood going up from RM1,400 to RM1,800 per metric tonne since last October.

He called on the government to stop the export of rubberwood and ensure a sufficient supply for the domestic market.

On the shortage of foreign labour, Bo said the implementation of the amnesty programme (codenamed 6P) for legal and illegal foreign workers was the main cause.

He said the shortage compelled furniture manufacturers to reject foreign orders for fear of it affecting their production and delivery of export goods.

Bo said it had a significant impact on export, adding that the furniture industry is one of Muar's economic lifelines and accounted for about 45 per cent of national furniture export.

He said a good opportunity had come to Malaysia in recent years when China's furniture industry lost its competitive edge and manufactuers in Thailand were affected by floods.

"Unfortunately, we are unable to capitalise on it because of the lack of workers and rubberwood."

Bo said the government should formulate a plan to ensure a sustainable supply of foreign workers and rubberwood to avoid interruptions in plant operations which have adverse effects on productivity.

He said with the introduction of the 6P programme, the industry was facing a 30 to 50 per cent drop in foreign labour, forcing small factories to close down.

The 6P programme comprises registration, legalisation, amnesty, supervision, enforcement and deportation of foreign workers.

Bo called on the government to monitor the programme closely to prevent job-hopping of legalised foreign workers.


The problems only can get more acute.

angelina2 Director sold before the cancellation of the JV, that could means he knew. Try to see the reason behind the sale instead.

In any case, it was also stated in that aforesaid announcement if JAKS can somehow get the financing, its gearing would be 15x that it most probably will not be able to get anymore loans for its other projects.

This means if it got the Vietnam project, there will be no pipeline project etc. Just one, not both.


This project has been delayed for many years. In fact the JV partner has changed, now for the second time.

If the JV partner from China cannot get the loan when China banks were very loose with their monies two, three years ago due to the Chinese government was doing its own money printing, I don't see how now, when there is a credit crunch in China, is a better bet.

A director sold all his JAKS recently.


Name Ang Lam Aik

Descriptions(Class & nominal value) Ordinary shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)


Type of transaction

Date of change

No of securities

Price Transacted (RM)


Disposed

10/02/2014

2,500,000


Circumstances by reason of which change has occurred Disposal of Shares
Nature of interest Direct
Consideration (if any)


Total no of securities after change

Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0

Date of notice 10/02/2014

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1535529

angelina2.. with this announcement JAKS is getting closer and closer to losing its RM 60.2 million security deposit, and millions already spent on this power plant project, there will be huge write off in its account soon.


FYI KAIDI was already the 2nd JV partner and this project is delayed at least 5 years.




Posted by KBYap > Dec 22, 2013 10:45 AM | Report Abuse X

Think the latest quarter result has not included the write off of this deposit..


http://klse.i3investor.com/servlets/anpth/947689.jsp

JAKS RESOURCES BERHAD (“JRB” OR “COMPANY”) PROPOSED JOINT VENTURE BETWEEN JAKS POWER HOLDING LIMITED (“JPH”) AND WUHAN KAIDI ELECTRIC POWER ENGINEERING CO., LTD (“KAIDI”) TO INVEST IN A 2 X 600 MEGAWATT COAL-FIRED THERMAL POWER PLANT (“PROPOSED JOINT VENTURE”) This announcement is dated 30 October 2013. We refer to the circular to shareholders dated 13 June 2013 (“Circular”) and the subsequent announcement dated 28 June 2013 and 3 September 2013 in relation to the Proposed Joint Venture. Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Circular. On behalf of the Board, AmInvestment Bank wishes to announce that JRB Group and Kaidi had vide JPP’s letter to Kaidi dated 30 October 2013, mutually agreed to further extend the cut-off date to enable Kaidi to fulfil its obligations under the conditions precedent as set out in the Kaidi Subscription Agreement from the expiry of 30 October 2013 to 31 March 2014. In addition, AmInvestment Bank wishes to inform that JPP has written to MOIT to seek a waiver for JPP and/or JHDP from achieving the Financial Close by 30 October 2013 (“Proposed Waiver”). As at the date of this announcement, JRB Group is awaiting for MOIT’s decision for the Proposed Waiver.

JAKS is going to lose its RM 60.2 million security deposit placed with MOIT because it cannot get the loan to finance the project to achieve the Financial Close by 30 October 2013.

RM 60.2 million security deposit gone. This will effect JAKS badly. See paragraph 5.2 of this circular..... http://klse.i3investor.com/servlets/staticfile/220787.jsp

A director sold all his JAKS recently.


Name Ang Lam Aik

Descriptions(Class & nominal value) Ordinary shares of RM1.00 each

Details of changes

Currency: Malaysian Ringgit (MYR)


Type of transaction

Date of change

No of securities

Price Transacted (RM)


Disposed

10/02/2014

2,500,000


Circumstances by reason of which change has occurred Disposal of Shares
Nature of interest Direct
Consideration (if any)


Total no of securities after change

Direct (units) 0
Direct (%) 0
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0

Date of notice 10/02/2014

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1535529

scjm, I am wondering if you have read the circular highlighted by me?

JAKS itself has said as much in paragraph 5.2 of the circular.

JAKS' gearing would be 15x if it got the financing for the dam.

In any case, it is also stated that if it can somehow get the financing, its gearing would be so high that it most probably will not be able to get anymore loans for its other projects. This means if it got the Vietnam project, there will be no pipeline project. Just one, not both.

This project has been delayed for many years. In fact the JV partner has changed.

If the JV partner from China cannot get the loan when China banks were very loose with their monies two, three years ago due to the Chinese government was doing its own money printing, I don't see how now, when there is a credit crunch in China, is a better bet.

JAKS has also lost its JKDEB legal suit

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1463177

Think the latest quarter result has not included the write off of this deposit..


http://klse.i3investor.com/servlets/anpth/947689.jsp 

JAKS RESOURCES BERHAD (“JRB” OR “COMPANY”) PROPOSED JOINT VENTURE BETWEEN JAKS POWER HOLDING LIMITED (“JPH”) AND WUHAN KAIDI ELECTRIC POWER ENGINEERING CO., LTD (“KAIDI”) TO INVEST IN A 2 X 600 MEGAWATT COAL-FIRED THERMAL POWER PLANT (“PROPOSED JOINT VENTURE”) This announcement is dated 30 October 2013. We refer to the circular to shareholders dated 13 June 2013 (“Circular”) and the subsequent announcement dated 28 June 2013 and 3 September 2013 in relation to the Proposed Joint Venture. Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Circular. On behalf of the Board, AmInvestment Bank wishes to announce that JRB Group and Kaidi had vide JPP’s letter to Kaidi dated 30 October 2013, mutually agreed to further extend the cut-off date to enable Kaidi to fulfil its obligations under the conditions precedent as set out in the Kaidi Subscription Agreement from the expiry of 30 October 2013 to 31 March 2014. In addition, AmInvestment Bank wishes to inform that JPP has written to MOIT to seek a waiver for JPP and/or JHDP from achieving the Financial Close by 30 October 2013 (“Proposed Waiver”). As at the date of this announcement, JRB Group is awaiting for MOIT’s decision for the Proposed Waiver. 

JAKS is going to lose its RM 60.2 million security deposit placed with MOIT because it cannot get the loan to finance the project to achieve the Financial Close by 30 October 2013.

RM 60.2 million security deposit gone. This will effect JAKS badly. See paragraph 5.2 of this circular..... http://klse.i3investor.com/servlets/staticfile/220787.jsp

Are the trends confirmed?? Or you are trying to make the trends??

Noticed a lot of times so called TA experts called a trend even when the trend is not confirmed; this misleading and dangerous.

If he is a nice guy he will let PJDevp be, worst case scenario is that he will press down PJDEVP price soon before he will make an offer.

No difficult to press down the price of a property counter now due to the measures by the government to curb properties prices.

Moreover the high properties prices now might not be relevant to a property development company because you cannot be selling all your land bank and turned yourself into a cash rich PN17 company without a core business.

He will let PJDevp price drop as he is in no hurry as OSKP has lots of ongoing projects in Putra Jaya.

Just watch the timing, just nice just right after the government have introduced all the measures to curd properties prices.

Ooi you are sharp.

He of course wont take over at high price, otherwise you are realizing his future profits which will be his to you now.

You are stupid, he is not.

You cannot fight the market and the government policies and steps to curb properties prices.

SBCCORP is in property and its volume is ever so low.

Are you sure it is something traders will touch?

Matrixcool Thank you very much for your very thorough reply, I will follow your trades closely. Thanks

Why are you so rude? You bloody fool! Kurang ajar punya samseng

Matrixcool.... may I know whether you are you doing the chart reading yourself or you are using one of those TA charts computer programs which actually reads and highlights the trends and works out the buy and cut loss points for the users?

If you tell me they are not using rubber wood then they may be different....

But if not cheap rubber wood and cheap foreign workers what advantages do they have over their competitors?

With minimum wages labour cost will go up.

What balances do you use for your analysis? The company itself may be frustrated with its low share price you know what I mean?

JAKS has recently changed its financial year end from 31 OCTOBER to 31 DECEMBER 2013, to try to conceal this loss?

It is goreng because its sales have conveniently gone up in 2013 jusy right for the bull market.

Have you asked yourself how is this possible when US housing is in the slump and Euro unemployment rates are so high?

Mind you they are not selling high end furniture to the very very rich who are not affected by the economic slow downs.

You are assuming there price will be the same cum and ex dividend.

Also, there will never be capital loss as if the share price will not drop.