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Haha Kon i3lurker why Promoted SCIB half way changed name to Balian …

Balian de Ibelin
i3lurker | Joined since 2017-09-15

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Haha no worries..increased % shares in Divfex ( associate company, previously DGSB ) .. then thru Divfex invested in Glove company ( Duramitt ) on Nov 2020 … invested RM 40 million, new Glove factory start Operation in 1 st Half 2021 .. what a Prudent investment ??

I am posted the Top Glove TP Rm 3.40 on 4/12/2020 …ard 2 weeks earlier than JPM TP RM 3.50 …

Without Company corporate structure, only piece by piece information.. that’s where money is gone ….😅😅😅

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Haha Soohai kon stockraider had been blowing TP 2.00 .. TP 3.00 since 2020 …
He is now Diving in Sg Klang … dare not surfaced as uncle n auntie want to throw rotten eggs at him …🤣🤣😮

Posted by TheContrarian > 39 seconds ago | Report Abuse

Posted by sóhaitrader > 4 days ago | Report Abuse

ALL IN INSAS... atleast TP 2.00

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Haha Insas hold ard 10 % Omesti share ..

The substantial shareholder DATO' MAH SIEW KWOK disposed 14,895,000 ( ard 2.8 % ) on 5/3/2024 .. balance:

Direct (units) 80,740,075
Direct (%) 14.933
Indirect/deemed interest (units) 4,600,000
Indirect/deemed interest (%) 0.851

Haha must be Soohai Bank … correct Soohai trader ??? 🤣🤣🤣

Posted by TheContrarian > 8 minutes ago | Report Abuse

What bank does Insas own?

OMESTI
0.200
-0.05 (-20%)
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

OMESTI BERHAD

Particulars of substantial Securities Holder

Name DATO' MAH SIEW KWOK
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes

No Date of change
No of securities
Type of Transaction Nature of Interest
1 05 Mar 2024
14,895,000
Disposed Direct Interest
Name of registered holder Amsec Nominees (Tempatan) Sdn Bhd Pledged Securities Account for Mah Siew Kwok
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Disposal of Shares via Direct Business Transaction
Nature of interest Direct Interest
Direct (units) 80,740,075
Direct (%) 14.933
Indirect/deemed interest (units) 4,600,000
Indirect/deemed interest (%) 0.851
Total no of securities after change
Date of notice 11 Mar 2024
Date notice received by Listed Issuer 11 Mar 2024

Haha Kon stockraider oredi kena Karma ke since Promoted Netx on 2020 … now is Soohai trader je …🤣🤣🤣

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Haha as posted earlier… Jaks eventually will be a Growth stock … expected Great improvement by 2024…

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Haha finally see Positive CAGR on TTM

Jaks :

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

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Haha where is that Soohai kon stockraider…🤣🤣🤣

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Haha Refer to 4QR ended June 2022 :

Note 4 :

Included in Other Operating Expenses are the following items :

1.) Allowances for doubtful debts.

2.) Amortisation of tangible assets

3.) Bad debts written off

4.) Inventories written off

5.) PPE written off

6.) Depreciation

7.) Fair value loss on derivative financial instruments

8.) Fair value loss on investment properties

9.) Intangible assets written off

10.) Loss on other receivables carried at amortised cost

11.) Loss on de recognition of subsidiary company

12.) Provision for impairment Loss on investment in associate company

13.) Goodwill written off

14.) Loss on disposal of investment properties.

15.) Gain / ( Loss ) on fair value changes of financial assets at fair value thru Profit or Loss .

16.) Loss on exchange differences ..

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Haha Insas had invested how much in Divfex ( DGSB ) and Duramitt ( Glove ) ..

No worries.. just look at Insas each Quarter Report… how much is Other Operating Expenses…

Wednesday, 23 December 2020
at 11.00 a.m.

No. Key questions raised and matters discussed The Company’s responses

1. What is the strategy, what is the opportunity, where and
when INSAS plan to invest, acquire, buy or distribute its
cash sitting in bank deposits to grow the company or create
economic growth/activity.

Insas remains focused on its existing key business segments, ie: stock broking &
corporate finance, investment holding and trading and technology segments. The
Board will exercise prudent and conservative management to retain adequate cash
reserves to weather through this extremely difficult, uncertain and challenging
economic environment caused by the global Covid-19 pandemic, and also to have
sufficient cash reserves to invest in any new, good and viable investment
opportunities that may come along during this economic crisis.

One such investment opportunity is the proposed RM40 million investment by Insas
Group and its 25.5% owned associate company, Diversified Gateway Solutions
Berhad (“DGSB”) to jointly acquire 50.1% equity interest in Duramitt Sdn Bhd
(“Duramitt”) , a private company presently involved in the manufacturing and sale
of industrial and specialised gloves, and the new cash injection will allow Duramitt to
construct 2 single former examination glove lines and 2 double former examination
glove lines. The single former glove lines are expected to be installed and
commissioned in January 2021 and the double former gloves lines in May 2021.
Upon completion, the production capacity is expected to be in excess of 600 million
examination gloves per annum.

Our Board believes that the prudent and conservative cash management at this
economic climate is in the best interest of our Company and our shareholders for
the long term sustainable growth and prospect of our Group.

Haha Blower Pang72 / Warchest no more Blowing AI Telur ke .. tak jadi ke ..🤣🤣🤣.. don’t U Turn in One or Two day lo ..

> June 2022 : key matters discussed


56.
Why didn't Jaks consider to get bank loan to subscribe the additional 10 percent of JHDP? Any difficulty to get bank loan? With Jaks low current ratio as mentioned in presentation, shall able to get bank loan.


- We are currently looking at various funding options to exercise the 10% option, including utilising the dividends from the power plant to be re-invested for the 10% option.


👉👉👉- Additionally, banks do not conduct this form of equity financing.



> June 2023 : from key matters discussed

Please provide an update on the status of subscribing the additional 10% stake in JHDP. Is JRB planning for a cash call (right issue) to subscribe the additional 10% of JHDP?

We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

Haha sslee yr Kon maths is much better than yr idol Conartist Callvin le …😅😅😅

Haha sslee , is this illustration correct :


7.
What is the cost to subscribe additional 10% share in Vietnam JV company? Is the amount is USD46.71 Million?




- Our equity portion consists of 25% of the total project. Therefore, the cost to subscribe for the additional 10% will be 10% of our equity portion, plus holding cost.

>> Total Project value = USD 1.87 billion

RM is 1.87 x 4.5 = RM 8.415 Billion


equity portion consists of 25% of the total project = RM 8.415 billion x 25% = RM 2.10 billion.

30 % = RM 630 million ( depends on conversion rate )

>>> 10 % = RM 210 million… not including holding cost .

# Copied from Gotyou Blog :


I walked away from the recent AGM with 2 pieces of new information;


1.    The subscription of the additional 10% optional interest in JPP will be funded by borrowings from Banks in Singapore, and



The 10% optional interest in JPP costs around RM250m .



>> From Jaks Management:


6.
What is JAKS plan for the 10% option subscription of power plant in term of timeline (within 6 month or within this year? we know that it is going to expired in early of 2024) & source of funds for subscription?




- The Group has 3 years upon the Commercial Operation Date to subscribe for the additional 10% stake in the Hai Duong power plant.




- We are currently looking at various funding options to exercise the 10% option, including utilising the dividends from the power plant to be re-invested for the 10% option.




7.
What is the cost to subscribe additional 10% share in Vietnam JV company? Is the amount is USD46.71 Million?




- Our equity portion consists of 25% of the total project. Therefore, the cost to subscribe for the additional 10% will be 10% of our equity portion, plus holding cost.




56.
Why didn't Jaks consider to get bank loan to subscribe the additional 10 percent of JHDP? Any difficulty to get bank loan? With Jaks low current ratio as mentioned in presentation, shall able to get bank loan.


- We are currently looking at various funding options to exercise the 10% option, including utilising the dividends from the power plant to be re-invested for the 10% option.



👉👉👉- Additionally, banks do not conduct this form of equity financing.

Haha interesting, maybe sslee can brief us also , thanks in advance , share of Profit n Dividends being utilised :

Refer 4QR ended December 2023 :



Non Current Assets :


PPE. 296,599,000

Investment Properties 584,206,000

Investment in Joint Venture. 904,495,000

Haha , as said earlier Jaks 30 % in Vietnam JV company invested :

cash RM 200 million + RM 400 million ( Profit from Power Plant EPC )

Total = RM 600,000,000

👉 > March 2021 investment in Joint venture = 601,150,000

👉👉 As at December 2023 , Investment in Joint Venture = RM 904,495,000

👉👉👉 Note : Vietnam JV company Additional 10 % Option dateline is 3 years from Power Plant COD , ie from January 2021 to January 2024 …

👉👉👉👉 Along 2021 , 2022 , 2023 , Jaks had been allocated additional Investment in Joint Ventures ???

As said the additional 10 % Option is required ard RM 250 million plus holding cost etc …

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> Refer 1QR ended September 2023 :

Other operating expenses

RM 17,650,000


> Refer 2QR ended December 2023 :

Other operating expenses

RM 14,755,000