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Stoch RSI 14 14 3 3 : 38.5511 , 24.7107 ..

is Divergent Up on 7/3/2023 …


Note : Chande and Kroll suggest setting Overbought/Oversold signals at 80/20 for Stochastic RSI rather than the 70/30 normally used for RSI.

Remember Do 3 Own : Own Homework, Own Analysis n Own DecisionS as only you know your Risk level . 



DecisionS: is changed Upon new information, new facts n figures.

Haha see Chart on Jaks :

MA10 = 0.1610
MA200 = 0.1930

BB 20 2 : Upper = 0.2131 , Mid = 0.1760 , Lower = 0.1389

MACD : Fast Line = - 0.0100 , Slow Line = - 0.0068 …

Stoch RSI 14 14 3 3 : 38.5511 , 24.7107 ..

RSI(14) Neutral 35.0
Stochastic(14) Oversold 20.0
Average Volume (3M) 8,614,600
Relative Volume 1.2

Haha on Top Glove TP RM 3.40 posted on 4/12/2020 which is ard 2 weeks earlier than JPM TP RM 3.50 …

I am referring to Top Glove Profit before Pandemic with some variance Assumptions, and PE to derive the TP RM 3.40 …

中国太阳能科企 斥资20亿怡保设厂

2024年03月02日

沙拉尼（左二）在开幕仪式后，与众贵宾合影，左起曹祥来、罗思义及莫哈末查基。

（怡保1日讯）中国太阳能封装薄膜制造商浙江祥邦科技有限公司斥资20亿令吉，在怡保设立其于中国境外的首间工厂。

霹雳州务大臣拿督斯里沙拉尼主持开幕式说，祥邦决定投资霹雳州不仅体现了该州的优越营商环境，也体现我们共同致力于促进经济增长，以及为子孙后代保护环境。

“霹雳州政府将和祥邦继续合作，以策划潜在的项目拓展，包括在霹雳打造太阳能电池板制造业的生态系统。”

出席者包括霹雳州旅游、工业、投资及走廊发展事务行政议员罗思义， 浙江祥邦科技有限公司董事长曹祥来，马来西亚投资发展局霹雳办事处总监莫哈末费鲁、霹雳州财务官拿督莫哈末查基。


浙江祥邦科技通过其在马来西亚的子公司祥邦（马）有限公司，在怡保打昔工业区的全新制造工厂开展营运，生产太阳能电池封装膜，封装材料产能8500万平方公尺，可满足约10吉瓦（GW）的需求。

祥邦在霹州的投资将分几个阶段进行，预计可达到3亿平方公尺封装材料的产能，以满足约30吉瓦（GW）的需求，总投资额估计约为20亿令吉，包括未来在霹州的潜在项目。

Haha 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。 


Haha is Solar Panel price Fluctuating is still an issue on Supply : as previously in Malaysia manufacturers is only First Solar ( US ) ..

Now 2 China Solar Panels manufacturers invested in Malaysia 👉👉👉👉

Haha see Chart on Insas :

MA10 is further down from BB 20 2 Mid line …

MACD momentum is further Diving below water level ..

Stoch RSI 14 14 3 3 : 20.9603 20.4822

Haha oops Wrong forum 😅…

Haha Jaks had been planned ahead on LSS5 2000 MW which RFP starting April to December 2024 … tender award is scheduled on 1st Half 2025 ..

Each Bidder can bid Up to 500 MW … Project capital is estimated RM 1.8 Billion…

Better returns await CGPP winners

Wednesday, 09 Aug 2023

PETALING JAYA: Winners of the Corporate Green Power Programme (CGPP) could potentially enjoy better returns compared to the fourth cycle of the large-scale solar (LSS4) projects.


MIDF Research said going by its initial ballpark estimates, the CGPP could reap internal rate of returns (IRRs) in the high-single-digit levels.


This is because the initiative, which will be utilising virtual power purchase agreements, is based on a willing buyer-willing seller approach.

“Under the CGPP, players are free to secure their own offtaker, hence giving better pricing power as opposed to stiff competition to supply to a single offtaker under the LSS auction mechanism,” said the research firm in a report yesterday.



According to MIDF Research, the CGPP tariffs are also likely to reflect a premium for environmental attributes like renewable energy certificates.


As a benchmark, the research firm noted that the Green Electricity Tariff sold by Tenaga Nasional Bhd


(TNB) was raised to 21.8 sen per kilowatt hour (kwh) effective August this year.
Meanwhile, the system’s marginal price under the New Enhanced Dispatch Arrangement (Neda) wholesale market is averaging about 25 sen per kwh as at June 2023, which is “a decently large premium to LSS4 winning bids of 18 to 20 sen per /kwh for 30-50MW packages,” it said.

This article first appeared in The Edge Malaysia Weekly on February 12, 2024 - February 18, 2024


Partially :

Fadillah stresses that the government had already allowed variations to the contract terms of the LSS4 projects during the pandemic when things were tough.

“Taking into consideration the challenges faced after the Covid-19 global pandemic, the government has extended the COD deadline for LSS4 players to Dec 31, 2023 (the initial COD varies from middle of 2023 to end of 2023) and has approved four additional years of power purchase agreement (PPA) period (PPA period increased from 21 to 25 years).


The LSS4 programme saw 30 winning bidders in total, comprising 10 projects of 50mw each, and 20 projects of between 10mw and 29.99mw.


LSS4 is very challenging for most players, due to the cost of materials and equipment, [the rise in] interest rates and forex [fluctuations] post-Covid. It really tested the developers’ strength and capabilities to complete [their respective projects],” he adds.


LSS4’s tariffs are at very competitive levels of between 17.68 sen/kWh and 24.81 sen/kWh, in view of panel prices declining to around US$0.20 per watt during the bidding process in 2020.


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.

Haha as Vietnam rule : Dividend only payout after Auditing….

Haha Omesti with horrible CAGR :

CAGR : 3Y + 73.4 % , TTM - 464.8 %

More scary :

ROE -19.80
P/E -1.82
EPS -10.73

Haha finally see Positive CAGR on TTM

Jaks :

CAGR : 3Y -21% TTM + 29.9 %
5Y. - 15.8% TTM + 0.5 %

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..

—-

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

Refer 4QR ended December 2023 :



Non Current Assets :


PPE. 296,599,000

Investment Properties 584,206,000

Investment in Joint Venture. 904,495,000

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


—
Posted by Sslee > 1 hour ago | Report Abuse

Repost:

Investment in JV: Paper profit with very little dividend untill no financial institutions want to lend any money to jaks to take up addition 10% JHDP option

Haha Jaks QR ended December 2023 with Net Loss ( RM 24.8 million ) , as Local Construction is Loss more than ( RM 63 million) …

If not how can Jaks counter claim Star Media for more than Total RM 540 million… as Jaks won the Federal Court trial on Star Media Appeal on Court of Appeal judgement on 7/3/2024 …now Jaks can counter claim Star Media for more than Total RM 540 million…



Posted by Sslee > 1 hour ago | Report Abuse

Repost:

Property investments: Evolve mall and Star Pacific lose making

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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

Haha This is worst than Jaks .. as Current Ratio is between 1.18 to 1.22 ..
On QR ended December 2023 , Current Ratio is 1.12 …

Haha Omesti Current Ratio = 0.81 … got money to pay RPS dividend n redemption of RPS ke ????

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Haha Blower Pang72 / Warchest blowing on AI Telur … tak jadi je ..

When is Teoseng going to break RM 2.30 ? and LHI with TP 0.95 ???

Stucked oredi cannot U Turn in a Day or Two as previously…🤣🤣🤣

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Haha Omesti No Dividend is payout on Ordinary Shares…

DY 0.00%

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Haha Microlink CAGR 3Y TTM changed to - 31 % …

Haha oh Microlink… NTA only 0.21 … No Margin of Safety …

PE : 74.9 … too high cannot sustain oredi …

Haha u cannot be One day Gaipo all ….

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Jaks : Price 0.155 , NTA 0.67 .. Margin of Safety = 332 %

Insas : Price 1.06 , NTA 3.57 .. Margin of Safety = 237 %

Jayatiasa : Price 1.47 , NTA 1.56 .. Margin of Safety = 6 %

OSK : Price 1.41 , NTA 2.97 … Margin of Safety = 111 %

—

Posted by Sslee > 14 minutes ago | Report Abuse

Buy those companies that generate real free cash flow, give dividend and solid NTA backing like Insas, OSK and Jayatias