Mikecyc

Mikecyc | Joined since 2019-07-05

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2 weeks ago |

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2 weeks ago | Report Abuse

Haha LSS5 2000 MW which RFP starting from April to December 2024 ..award is scheduled by 1st Half 2025 .. each bidder can bid maximum Up to 500 MW …Project capital is estimated RM 1.8 Billion…

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2 weeks ago | Report Abuse

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.

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2 weeks ago | Report Abuse

Starting from Vietnam Power Plant Construction, Jaks is keep allocated Capital Expenditure by Quarterly , increased the Non Current Assets to strengthen the 👉👉👉Financial balance sheet ( as big projects will review capacity of the balance sheet ) , while maintaining a Minimum Current Ratio between 1.18 to 1.22 . As the 2 Cash Cow Projects is COD oredi with monthly Income for tenure 25 years .


Jaks

Investment in Joint Venture:

( & PPE )

QR ended

> March 2016 = 128,297,000

( PPE = 19,269,000 )

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000

> March 2022 = 748,656,000

> March 2023 = 829,105,000

( PPE = 273,041,000 )

> September 2023 = 897,378,000

( PPE = 299,238,000 )


> December 2023 = 904,495,000

( PPE = 296,599,000 )


—-

👉
2QR ended June 2023 :


Reserves . : 24,909,000


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

Gearing Ratio : 0.362X


>> Accumulated Profit on 3QR ended September 2023 : 350,327,000

Gearing Ratio : 3QR ended September 2023 : 0.352 X

👉 >> Accumulated Profit on 4QR ended December 2023 : 348,126,009

Gearing Ratio : 4QR ended December 2023 : 0.350 X

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2 weeks ago | Report Abuse

Haha Why Jaks Non Current Assets is increased from 2019 to 2023 …

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2 weeks ago |

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2 weeks ago | Report Abuse


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 👍

—-

Refer 3QR ended September 2023 :



Non Current Assets :


PPE. 299,238,000

Investment Properties 587,546,000

Investment in Joint Venture. 897,378,000

—-

Jaks

Refer 4QR ended December 2023 :



Non Current Assets :


PPE. 296,599,000

Investment Properties 584,206,000

Investment in Joint Venture. 904,495,000



——

2QR ended June 2023 :


Reserves . : 24,909,000


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

Gearing Ratio : 0.362X


>> Accumulated Profit on 3QR ended September 2023 : 350,327,000

》〉Accumulated Profit on 4QR ended December 2023 : 348,126,000

Deposit placed with licensed banks = 22,222,000

Cash and Bank balances = 41,929,000


Haha 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 : 21 August 2023 with 25 concession years tenure .


>>

Jaks

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


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Grand Total = RM 529.089 Million

Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

按照购电协议,电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%,PAYBACK PERIOD为8至9年



___

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.


>>👉 1QR is Profit RM 14.08 million , 2QR is Profit RM 19.11 million , 3QR is Rm 7.15 million…4QR is Loss ( 24.8 million )

👉👉 Rm 37.787 million with Net Profit RM 15.527 million..

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2 weeks ago |

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2 weeks ago | Report Abuse

Haha as replied to Kon i3lurker earlier that Jaks will not do share consolidation as the NTA is RM 0.67 … not like those Stock with Huge Nosh but with Low NTA , eg : RM 0.15 etc ..

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2 weeks ago |

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2 weeks ago |

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2 weeks ago | Report Abuse

Haha During 2020 Netx is famous on Fund Raising but No business development..

Netx — Fintech ( mother ) — a HK stock ( Grandma) ..

Then share consolidation 25 into 1 , Today :

Share Price : RM 0.10

Divided by 25 = RM 0.004

NTA : 0.12

Nosh : 937 million

>>> still can do share consolidation…

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2 weeks ago |

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2 weeks ago |

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2 weeks ago |

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2 weeks ago |

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2 weeks ago | Report Abuse

KUALA LUMPUR (March 14): The Securities Commission Malaysia (SC) has confirmed that the premises of certain public listed companies have been raided over the suspected abuse of fund-raising activities.
The SC said this in an email response to The Edge, but did not elaborate, saying it was not able to provide further details on the raids as "investigations are ongoing".
Earlier on Thursday, The Star reported, citing sources, that the regulator had kicked off the investigations following complaints and tip-offs from the public on alleged fraud, and the potential false or misleading disclosure by several public listed companies in their fund-raising exercises, including private placements, employee share option schemes and rights issues.

According to the news report, the raids were said to have been conducted around the Tropicana area in Petaling Jaya

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2 weeks ago | Report Abuse

China Bester Group Telecom Co Ltd
SHA: 603220

OverviewCompareFinancials
35.01 CNY +2.39 (7.33%)year to date

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2 weeks ago | Report Abuse

Baidu Inc
HKG: 9888

OverviewCompareFinancials
103.70 HKD -11.60 (-10.06%)year to date
14 Mar, 4:08 pm GMT+8 • Disclaimer

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2 weeks ago | Report Abuse

Jaks

Haha recalled the Gap up on ard 1/9/2023 from RM 0.205 to RM 0.245 … Why stopped at RM 0.245 ? 




👉As during the 2017/ 2018 Mr.KY2 case intention to take over ( Choivo Capital posted is holding 30 % , 150 million Jaks share ) there is RI issued in Warrant B with issue price RM 0.25 is issued on 2018 . 



And the expiry Date : 



>> The Board of Directors of JAKS wishes to announce that the last date and time for the exercise of the Company’s Warrants 2018/2023 is Wednesday, 13 December 2023 at 5.00 p.m. ("Expiry Date"). 




👉 After the Warrant B is Expired and the Insiders are compensated with LTIP … it is time to look at 2nd RI at RM 0.22 with Warrant C ….issued on 2020 , Ex price RM 0.49…


👉👉👉 Illustration : 525,564,900 outstanding Warrants C are EX . ( Initial is 646 ,036,652 )

X 0.49 = 257.5 million


Maturity 2025-11-18

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2 weeks ago | Report Abuse

Haha if tomorrow VWAP closed Price is Higher than RM 0.152 … Shl be a Good sign …

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2 weeks ago |

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2 weeks ago | Report Abuse

Haha as I had posted :

1.) I had cancelled planned case study on Jkgland ( Property) on early 2024 as new information that the Bos might related to RM 4.5 Billion car rental services to Gov .

2.) I had cancelled planned case study on PA during Insider behaviours study in Jaks that PA insider Gain thru Warrant Conversion with EX price RM 0.12 … esp the Ex chairman.. and the Latest issued Esos ….

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2 weeks ago | Report Abuse

Haha Today observation :

Yesterday VWAP closed RM 0.150 … Today from 0.155 to 0.151 to 0.152 … let’s see closing VWAP …

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2 weeks ago |

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2 weeks ago |

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2 weeks ago | Report Abuse

Haha Case Study Observations:

1.) Last QR ended December 2023 is Loss RM 24.8 million.. with Local Construction is Loss over RM 63 million..along few years Local construction is making Loss ..

On 7/3/2024 ( after 5 years ) Jaks won the Legal Trial against Star Media from Federal Court on its Appeal on Court of Appeal judgement.

Now Jaks can counter claim Star Media with over Total RM 540 million…