Haha Koni3lurkker promoting SCIB half way changed to Balia ..

Said pariaa country, ppl n food … must be cannot afford good food .. 🤣🤣🤣

Haha he showed off how luxurious entertainment during visited China ? Still twisting n diverting!!🤣🤣🤣

—

Posted by Mikecyc > 2 hours ago | Report Abuse

Haha Ssllee may I ask which city exhibitions in China you had visited ? Not to mention Europe! 🤣

Haha SuburTiasa also in down stream business: Manufacturing MFC board ke ..

—

Posted by Mikecyc > 3 hours ago | Report Abuse

1.) Why Subur Tiasa and Rsawit ( under same RH group with Jtiasa ) are loss making in Timber and Plantation business?
Subur Tiasa even diversified business into pipe manufacturing n auto sector since May 2023 .😱

Haha Ssllee may I ask which city exhibitions in China you had visited ? Not to mention Europe! 🤣

Haha yr wifey tak cukup makan ke , run away le !🤣

Haha as posted :

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 no wander he posted cannot up oredi …. Wifey Hari Harimau le !🤣

—-

Posted by Income > 1 minute ago | Report Abuse

I will go to Indon to find wifey. As sslee said can find wifey there。

Haha did u give free one to yr older sibling pang7..?🤣

Haha a lot of wifey ke Income ??

Haha tried when u r Young , not till Lee posted cannot up oredi !🤣

Haha or India ?

Haha don’t be just a bookworm in investing / business!🤣

Or Europe: Italy ? German ?

Haha Ssllee may I ask which city exhibitions in China you had visited ? Not to mention Europe! 🤣

Haha as said if can paid in 10 years why extend to 25 years , do you know what Shl be the accumulation of interest amount !!!😱

Understand the Key Contractual Obligations of the project award
 
Investment certificate
* JHDP shall be entitled to 10% tax rate for the full term of the project.
* JHDP shall be exempted from corporate income tax for 4 years and 5% tax rate for another 9 years from 1st year with taxable income or 4th year whichever is earlier.


BOT contract
* 25 years from commercial operation date (COD).
* The power plant shall be transferred to Vietnam Ministry of Industry and Trade (MOIT) at no charge after 25 years.
* JHDP shall pay US$60,000 per day per unit for each day of delay after the deadline. The deadline for unit one shall be 48 months and 54 months for unit 2 after the construction start date. Subject to max of US$15m.
* JHDP shall pay US$150 per KW shortfall below the contacted capacity which is 1112MW subject to max of US$8m.
* JHDP company may terminate the BOT contract due to Vietnam side default or government events such as war, invasion, terrorist, revolution, strikes, none performance of GGU, change of laws.
* In the event of non-government force majeure like earth quake, flood etc, either party can terminate the BOT contract and MOIT has to purchase the assets based on the terms set out in the BOT contract. However, MOIT has the option to continue to pay the capacity charges and JHDP has no right to terminate.

Haha Xingquin is delisted on September 2019 due to Accounts fraud …

Haha sslleee still did not reply me that u show off how luxurious entertainment in China during as Business Development Manager :

My question: a Guangzhou boss normally will bring customers to where ( city ) for entertainment ?

If u had been there n the boss briefed on the city business situation..you might had 2nd opinion why still holding Xingquin!🤣

Haha now sslleee understand what is BOT ? You ask a question earlier what is Jaks Vietnam Power Plant value after 25 years ( by 2046 ) …

Haha ssleee no more asking why Jaks pay loans in 10 years instead of 25 years .. 🤣🤣🤣

Haha secondly :

A) why Jaks profit from Vietnam Power Plant did not generate much FCF ( Free Cash Flow ) :

1.) Allocated in FCF Growth as Investment in Joint Venture and served as some kind of security on Loans ( although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years. ( Built- Operate- Transfer).

2.) Non current asset of Investment in Joint Venture is increased from :

> March 2016 = 128,297,000

TO

> June 2024 = 943 ,960,000


3.) 1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 :

Each year repaid loan amount = 0.196 billion

2021 to 2023 , 3 years = 0.588 billion

> 1.96 billion- 0.588 billion = 1.37 billion ( loans balance as at January 2024 ) .

>> Investment in Joint Venture as on June 2024 = 0.94 billion

👉Looks like the security on Loans is getting sufficient as JHDP is paying Dividend from yearly to half yearly as on June 2024 .

Haha firstly :

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

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍


Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

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

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 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

Posted by Mikecyc > 11 hours ago | Report Abuse

>> Pokkai TinKosongHuang joined the Kacukan 🐍Tippu Tippu gang ( even Tippu newbies membership fees RM 100 ) in TopGlove on 2024 to promote HK/China and US stock ____. Beware ..

Aka ID Marry n MrHuangbk n jc963852 are Banned permanently.




jc963852
jc963852 | Joined since 2024-03-22

This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.



Marry2506
Marry2506 | Joined since 2024-03-24

This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.

1.) Why Subur Tiasa and Rsawit ( under same RH group with Jtiasa ) are loss making in Timber and Plantation business?
Subur Tiasa even diversified business into pipe manufacturing n auto sector since May 2023 .😱

2.) Jtiasa FFB Production Output :

> 2002 started replanting:

July-Sept: FFB MT

2019: 425,801 
2020: 326,209 ( - 23.4 % vs 2019 )
2021: 195,447 ( - 54 % vs 2019 )
2022: 263,948 ( - 38 % vs 2019 )

July 2023 : 110,269
August 2023 : 120,313
Sept 2023 : 129,158

Total = 359,740 ( - 15.5 % vs 2019)


> July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183

Total = 343,397 ( - 19.4 % vs 2019 )



> Compared 2024 July- September to 2023 is reduced by - 4.54 %


👉 Question : Peak Production Season is May to November, why FFB production output is reduced n Fluctuating so High .

3.) Compared to TSH : Jtiasa

TSH :

NTA : 1.45
Current Ratio 2.19
Debt-Equity (DE) Ratio 0.25



Jtiasa :

NTA : 1.58
Current Ratio 2.73
Debt-Equity (DE) Ratio 0.34

👉 TSH CFO n Group MD resigned on 1/9/2024 !

Jaks Resources Bhd (XKLS:4723) Intrinsic Value: Projected FCF : RM0.48 (As Of Oct. 19, 2024)


What is Jaks Resources Bhd Intrinsic Value: Projected FCF?
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-10-19), Jaks Resources Bhd's Intrinsic Value: Projected FCF is RM0.48. The stock price of Jaks Resources Bhd is RM0.13. Therefore, Jaks Resources Bhd's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

The historical rank and industry rank for Jaks Resources Bhd's Intrinsic Value: Projected FCF or its related term are showing as below:


During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Jaks Resources Bhd was 0.81. The lowest was 0.24. And the median was 0.44.

>> Pokkai TinKosongHuang joined the Kacukan 🐍Tippu Tippu gang ( even Tippu newbies membership fees RM 100 ) in TopGlove on 2024 to promote HK/China and US stock ____. Beware ..

Aka ID Marry n MrHuangbk n jc963852 are Banned permanently.




jc963852
jc963852 | Joined since 2024-03-22

This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.



Marry2506
Marry2506 | Joined since 2024-03-24

This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.

Haha and Huang is oredi proven a TinKosong from the 1st debate in Jaks , latter is proven many times , just a Kon twisting .

Haha during in YTLpower forum , there r 2 groups of gang with abusive id n unethical contents .

The latter is Huang aka id .

As OTB agreed with me to post negative views on facts n figures.

Posted by Mikecyc > 9 minutes ago | Report Abuse

Haha just a Kon gang le … until 2 aka id posted unethical content are banned permanently!!!

Haha the initial post on Jaks FCF listing asked with KonLee usual style, after I said oredi deleted n reposted so fast !🤣

Haha just a Kon gang le … until 2 aka id posted unethical content are banned permanently!!!

Haha better than the one posted wifey run away with Demusang ! 🤣

—

Posted by Income > 34 seconds ago | Report Abuse

Jaks is Tong Sam Fah。 Very simple

Haha Repost from Jtiasa :


Posted by Mikecyc > 1 day ago | Report Abuse

Haha KonLee even didn’t understand what is Labour expenses n Capex , Current Ratio , Corporate Structure.

Even his 1st win n only win since investing from 2016 to 2023 is a Lies .🤣

Haha KonLee own claimed FA Guru in Yinson but shy away … TA ? Worst lo as posted earlier on 5 waves !

Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X


Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X


Haha take note Jaks Free Cash Flow Growth is in Non Current Asset of Investment in Joint Venture:


Jaks non current asset :

Investment in Joint Venture:

QR ended

> March 2016 = 128,297,000

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000
( note : Profit from Construction of the Power Plant is ard RM 400 Million .. Final COD on January 2021 )

> March 2022 = 748,656,000

> March 2023 = 829,105,000

> September 2023 = 897,378,000

> December 2023 = 904,495,000

> March 2024 = 936,836,000

> June 2024 = 943 ,960,000

Jaks Free Cash Flow by Quarterly :

30/9/2023 :

Free Cash Flow : + 6.21 million
Free Cash Flow Growth : + 146.08 million

31/12/2023 :


Free Cash Flow : + 61.48 million
Free Cash Flow Growth : + 889.59 million


31/3/2024 :


Free Cash Flow : - 37.79 million
Free Cash Flow Growth : - 161.47 million



30/6/2024 :

Free Cash Flow : - 11.96 million
Free Cash Flow Growth : + 68.34 million

Haha recap on Jaks loans n borrowings:

a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.

b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.


👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.


👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.


> Loans n Borrowings = RM 473.4 million

Illustration:

1.) 473.4 - 206.4 - 70.6 = RM 196.4 million ( loans on LSS4 50MW project) .

> on Vietnam Power Plant 1200MW , EPCC RM 8.7 billion:

25 % equity ( shareholding 30 % ) = RM 600 million ( fully paid in Cash , No loans ).


75% loans ( shareholding 30 % ) = RM 1.96 billion


1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 :

Each year repaid loan amount = 0.196 billion

2021 to 2023 , 3 years = 0.588 billion

> 1.96 billion- 0.588 billion = 1.37 billion


>> Investment in Joint Venture as on June 2024 = 0.94 billion


No wander JHDP started paying Dividend from yearly to Half year as at June 2024 .

Haha now is year 2024 … still doing manual calculations?? Information is more crucial, others can be google :

eg : KonLee promoted SCIB even the Major is on Force Sell on July 2024 .

And

Jtiasa 2nd Major ( 14 % ) is keep disposed shares from August 2023 to July 2024 , during price Uptrend ( balance 6 % ).

Haha during KonLee given Jaks FCF listing to Huang to post , I had mentioned DCF , n he is twisting here n there ..

Haha why so difficult ..


Jaks Resources Bhd (XKLS:4723) Intrinsic Value: Projected FCF : RM0.48 (As Of Oct. 19, 2024)


What is Jaks Resources Bhd Intrinsic Value: Projected FCF?
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-10-19), Jaks Resources Bhd's Intrinsic Value: Projected FCF is RM0.48. The stock price of Jaks Resources Bhd is RM0.13. Therefore, Jaks Resources Bhd's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.
The historical rank and industry rank for Jaks Resources Bhd's Intrinsic Value: Projected FCF or its related term are showing as below:


During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Jaks Resources Bhd was 0.81. The lowest was 0.24. And the median was 0.44.

Haha Repost from Jtiasa :

Posted by Mikecyc > 1 day ago | Report Abuse

Haha as usual KonLee still twisting n diverting , why half past 6 cannot reply why FFB ( July to September) production output is fluacted so High ?


Haha just recycle my posted facts n figures :


Posted by Sslee > 17 minutes ago | Report Abuse

Aiyoyo is Mike-tikus only now know why jaks LSS4 is operating at a very thin margin and come rainy months will most likely inccured losses?

LSS4 winning bids of 18-20sen/kwh (for 30-50MW packages).
Jaks spend RM 200 million+ for 50MW LSS4.

Mikecyc
45,630 posts

Posted by Mikecyc > 1 day ago | Report Abuse

Haha after became a Kon from 2020 .. face skin getting thick n thicker le !!🤣

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

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍


Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

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

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 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

Haha that’s why Jaks diversified into RE sector :

1.) LSS4 50MW in Penang ( 100 % ) : COD on August 2023 .. shl contribute steady Revenue over 25 years .

2.) CGPP 30 MW ( 51 % ) : details see in Jaks forum …Shl contribute steady Revenue.

3.) Latest tendered LSS5 2000 MW EPCC RM 7.2 billion: partner again with Vietnam power plant China partner …

Jaks 51 % : CPECC 49 % submitted tender 200 MW ( with intention up to 500 MW ) … details in Jaks forum .

Tender award is scheduled to be announced on November 2024 .

If succeeded shl contribute steady Revenue.

Haha as usual he recycled my facts n figures as in Jtiasa .. oredi said face skin getting thicker … or easily lost memory?🤣

—

Posted by Sslee > 5 minutes ago | Report Abuse

When come to second half Jun-Dec cloudy and raining season jaks LSS4 50MW Solar Project in Penang most likely will be lose making

Haha he didn’t even know Current Ratio .. a company able to sustain how many months !🤣

—-

Posted by xiaoeh > 37 seconds ago | Report Abuse

Dear Sslee sifu
regarding DCF u mentioned before
may i know
1) what discount rate u use?
2) what duration u use (5 years?10 years? 15years etc)?

Haha that’s why I said he never learned along the debate , I had learned from ethical Sifu 3iii on his posts during in Netx for 15 months , and latest in TSH .

On Jaks , after getting the moat Vietnam power plant 1200MW with EPCC RM 8.7 Billion …is a Turning point to Jaks ..

As JHDP is an associate company ( 30 % ) … did not take into Revenue account .. see the Share of Profit n Dividend and Jaks recent 3 years ( as COD on January 2021 ) Net Profit n Non Current Asset of Investment in Joint Venture.


—-

Posted by Sslee > 9 minutes ago | Report Abuse

Aiyoyo Mike-tikus
Growth mean you must have business expansion: Revenue and income growth Y to Y
No like jaks revenue become smaller and smaller but NOSH growth to billion.

Haha old man never learned although debated with him the most after Calvin :

Haha Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

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


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.


B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)


2.) QR ended December 2023 :

Revenue: 4.3 Million , Loss ( 0.4 Million )


3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉( Note : Loss is due to Depreciation.)



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

800 MW CGPP winners even can sell RE electricity cross border.



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) CAGR : 3Y + 29.9 % TTM + 28.4 %

Haha I shl consider a Growth stock with ROE => 16 . n
CAGR 3Y n 5Y with TTM .

Haha that’s why KonLee still working alone in Indonesia at 64+…

Haha KonLee just said Yinson - Growth stock : Going to see 5 waves wow but didn’t know the waves name EW .

Jtiasa is Dividend stock wow ..

I am posted Scicom — small n steady , see the 5 years DY n Financial Ratios :

52w 0.755 - 1.180
ROE 20.76
P/E 11.24
EPS 6.85
DPS 6.50
DY 8.44%

Hoho is going to post in Yinson next week , scary finding .