Haha as said year 2025 is Jaks year :

After 6 years of Legal Disputes.. Jaks won against Star Media Appeal to Federal Court ( after Star failed in Court of Appeal ) on 7/3/2024 and can start the counter claim suit with Total over RM 540 million:



👉👉👉 “ JAKS then filed a counterclaim for the return of the RM50 million bank guarantee, together with RM248.24 million in liquidated and ascertained damages, and to claim RM297.04 million for loss of proceeds from a corporate fundraising as it claimed Star Media's suit against the company had affected its fundraising.“

Haha on cash flow , scroll up to see my earlier post :

Repost partially:

Haha illustration on :

Vietnam JV Power Plant RM 8.7 billion: 25 % equity, 75% Loans .

Jaks 30 % , CPECC 70 %:

8.7 billion x 0.75 x 0.3 = 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


👉Observation 1 : Non current asset of Investment in Joint Venture 0.94 billion as FCF Growth to be prepared for big projects and served as some kind of security ( on loans although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years.


👉👉Observation 2 : Vietnam associate company JHDP had been paying Dividend from yearly is changed to Half year:

2022 : Dividend RM 70 million
2023 : Dividend RM 27.4 million
June 2024 : Dividend RM 14.2 million

Haha Let’s compared these 3 Power / RE companies :

Jaks : Price RM 0.135

NTA : 0.59
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.78 %


Solarvest: Price RM 1.59

NTA : 0.40
Current Ratio 0.27
Debt-Equity (DE) Ratio 1.23
FCF Yield -1.32 %



Samaiden : Price RM 1.04

NTA : 0.32
Current Ratio 2.37
Debt-Equity (DE) Ratio 0.73
FCF Yield -5.5 %

Haha that’s why TNB committed RM90 billion for six years until 2030 .


—-

PublicInvest upgrades TNB to 'outperform', expects capex to increase by RM1b to RM2b yearly to meet data centre power demand
By Isabelle Francis / theedgemalaysia

19 Jul 2024, 11:15 am

KUALA LUMPUR (July 19): Tenaga Nasional Bhd (KL:TENAGA) or TNB is expected to keep increasing its capital expenditure (capex) beyond 2030, with an additional RM1 billion to RM2 billion a year, to maintain its power grid infrastructure, which recently hit new peak demand due to data centres, said PublicInvest Research.

The additional capex is on top of TNB’s committed RM90 billion for six years until 2030, to support energy transition initiatives and system upgrades. 

“However, we expect capex remain elevated beyond 2030, with additional RM1 billion to RM2 billion a year to upkeep its standard as Asean Power Grid flagship infrastructure.

Haha Singapore shl need to import RE electricity 2000 MW with increasing demand yearly :

As said TNB had announced the TPA mulling charges on August 2024 n CRESS is officially effective on September 2024 :

> PowerSeraya 2 Power Plant are anticipated going to be phase out due to the Service life :


> Steam Turbine Power Plant thermal project with a capacity of 1,448MW by 2027 ..


Pulau Seraya Combined Cycle Power Plant is a 1,472MW by by 2026 to 2031 .

>> Total Capacity = 2,920 MW

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 as a precaution always buy Low sell High … avoid to be Trapped High like sslleee in SCIB ..

Jaks oredi tested the Lowest at RM 0.12 …

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 so far so Good in 1.) Calculated Risk Stock :

1.) Zelan ( bet with Stockraider n Callvin in Netx on 2020 ) … cutwin on 2021 together with MMC ( Zelan mother ) on 2021 , during MMC privatisation news .

2.) Capital A : thanks to sslleee my bright candle light .. my balance 40 % Free Tickets with cost RM 0.58 ..

Haha as said earlier my investment portfolio divided into 2 categories:

1.) Calculated Risk Stock

2.) Growth n Dividend Stock : pls refer to ethical Sifu 3iii ( I learned from his posts during debated together against Callvin in Netx for 15 months ) .

Haha really laugh live me le .. these 2 SCIB promoters don’t know the Major ( over 20 % ) is Force Sell on July 2024 .. so desperately to promote SCIB with TP 2.00 n RM 2.60 by early 2025 … if not own said will become D !!! 🤣🤣🤣

Haha KonLee how is yr SCIB promoted with TP RM 2.00 by early 2025, why so desperate le like yr promoting partner Koni3lurkker.🤣🤣🤣

Haha since KonLee promoted Jtiasa in Jaks :

Posted by Mikecyc > 2 hours ago | Report Abuse

Jaks : repayment on Vietnam Power Plant Loans

Haha illustration on :

Vietnam JV Power Plant RM 8.7 billion: 25 % equity, 75% Loans .

Jaks 30 % , CPECC 70 %:

8.7 billion x 0.75 x 0.3 = 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


👉Observation 1 : Non current asset of Investment in Joint Venture 0.94 billion as FCF Growth to be prepared for big projects and served as some kind of security ( on loans although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years.


👉👉Observation 2 : Vietnam associate company JHDP had been paying Dividend from yearly is changed to Half year:

2022 : Dividend RM 70 million
2023 : Dividend RM 27.4 million
June 2024 : Dividend RM 14.2 million


👉👉 👉Observation 3 : year 2025 shl be Jaks year .


>>>

Shareholders agreement (SHA)
* Shareholders agreement dated 6 July 2015 entered between JPH, CPECC and JPP to regulate their proposed relationship as shareholders of JPP as well as certain matters relating to the management of JPP and also to govern their relationship in respect of matters related to JHDP.


* JHDP Board of directors, 3 from JPH and 2 from CPECC. However,👉 3 years after COD, 2 from JPH and 3 from CPECC. ( January 2021 to February 2024 ) .


* JPP Board of directors, 2 from JPH and 3 from CPECC.


> JAKS RESOURCES(Jaks)在2011年争取的越南海阳燃煤电厂项目在经过了6年的风雨终于开工建设了。由于项目总投资达18.685亿美元，JAKS无法找到任何银行资助该项目，所以电厂的建设推迟了好几次，期间更换了2个中国伙伴。直到于2015年7月Jaks与中国电力工程顾问集团有限公司(CPECC)达至协议。Jaks让出项目控制权从以往60:40改为30:70的股权合资开发此工程。CPECC负责融资及全部工程建设。CPECC在进行发电和输变电厂的工程非常有经验。参与了约90％的中国煤电工程。共完成了49,000兆瓦燃煤厂工程。

👉 Jaks partner with CPECC again on tendering LSS5 2000 MW EPCC RM 7.2 billion:

Jaks 51 % : CPECC 49 % tendered 200 MW ( with intention to tender up to limit 500 MW).

Land : 1730 acres in Terengganu to be leased from TDM with rental RM 578 per acre per year ( up to 500 MW) .

👉👉Tender award is scheduled to be announced on November 2024 .

2.) Jaks : catched the Bottom Fishing at RM 0.185 on April 2023 ( after Sslleee posted sold Jaks on April 2023 since 2017 ) ... Up to RM 0.225 in 2 months .. then invested at RM 0.19 on July 2023 .. Gap Up on 1/9/2023 to RM 0.245 …

As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .

Posted by Mikecyc > 1 hour ago | Report Abuse

Energy Commission to announce winning bids for LSS5 in November
By Bernama
October 8, 2024 @ 4:56pm

Haha u trapped high in SCIB like a ratt ke ??🤣🤣🤣

—

Posted by Balian de Ibelin > 8 minutes ago | Report Abuse

Knights of Bursa punya Excalibur cut Jaks from 24 sen to 13 sen => profits 11 sen

mike🐀 mega losses => 11 sen

how to compare? Go figure 😁

Haha Pariaa ke Baliaa ke ..why SCIB director sold share until 0 % ..🤣🤣🤣

Jtiasa Dividend :

2020 : No Dividend …. Net Loss Rm 73.5 million

2021 : No Dividend ..Net Profit RM 31.4 million ( why no Dividend with Dividend policy minimum 20 % ?)


2022 : DY 4.83

2023 : DY 4.51

2024 . DY 5.41

Haha really laugh live me lo , why promoted SCIB as the Major ( over 20 % ) is on Force Sell .

—-

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

Haha Koni3lurkker aka Pariaa , how is yr SCIB ? Made 600 % profit by early 2025 , if not you said will be become .. why so desperate le …🤣🤣🤣

Haha Pokkai Tin Kosong MarryHuangbk blowing PMCORP with TP RM 2.00 , see its Value since 2013 wow … must be loss naked liaw .. want to share ❤️in PMCorp wow .... hibernated more than 7 years in a cave since 2014 until mentally disordered… just ignore her .. reply if necessary…




>> Pokkai Tin Kosong MarryHuangbk 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 are Banned permanently.

Haha see also TNB mulling charges on consistent n non consistent supply .

Haha that’s the difference of a bookworm n a businessman… see n read what Solarvest article on LSS5 with BESS ..

That’s why earlier Jaks signed MOU on BESS ( a China manufacturer) .

Haha no worries, MOU between Jaks n CPECC is valid for 1 years …

Haha Callvin promoted TSH like to use Inno ..TSH holding Inno shares over 21 % ..

Jtiasa
Current Ratio 2.73
Debt-Equity (DE) Ratio 0.34
FCF Yield 21.98 %
Revenue QoQ 7.29 %
Revenue YoY 12.96%
Profit QoQ 58.46 %
Profit YoY -73.9 %


Tsh
Current Ratio 2.19
Debt-Equity (DE) Ratio 0.25
FCF Yield 2.14 %
Revenue QoQ 4.18 %
Revenue YoY -1.58%
Profit QoQ 2.77 %
Profit YoY 95.32 %

Haha hope is not following TSH le :

1.) Debt is reduced until Net Cash .
2.) Earlier Top 3 n Top 4 ( 2 companies) keep disposed shares during Uptrend.
3.) after 2 years , CFO n Group MD are resigned on 1/9/2024 .

Energy Commission to announce winning bids for LSS5 in November
By Bernama
October 8, 2024 @ 4:56pm

Jtiasa Another Hidden Risk :

Total Assets is reduced:

2019 : RM 2406 million

2023 : RM 1955 million

Haha KonLee paid Macai Kon🐍:

Antifanaticrarcism
Antifanaticrarcism | Joined since 2024-10-17

Haha Johnchew123 is NOT me …

👉 Question 2 :

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 )
2023 : 359,740 ( - 15.5 % vs 2019)
2024 : 343,397 ( - 19.4 % vs 2019 )

> From 2019 to 2021 FFB output is reduced by 54 % … 2023 is reduced by 15.4 % ..

Hoho No wander the 2nd Major ( 14 % ) keep disposed shares from August 2023 to July 2024 ( balance 6 % ) , during Price is Uptrend.

>> Coincidentally FFB July- September 2024 Output is started reducing.

KonLee promoted with linking to the 52w high RM 1.53 is Trapped High ke same as in SCIB with TP RM 2.00 by early 2025 ( even the Major over 20 % is on Force Sell ) !!!😱

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 1 ) Peak Production Season is May to November, why FFB production output is reduced ?

1.) More Leased land is terminated ? Or rented land ? Or became Sawah Padi ??

2.) Palm trees r getting old ?? Due to replanting cost ???

3.) Due to Tall Palm trees ( old trees ) labour skill shortage ???

P/S : 2019: 425,801 compared 2024 343,397 is reduced - 19.4 % 😱 in 5 years .

KonLee what Shl be the reduction % in another 5 years ?

4.) How is the replanting schedule being executed, why FFB production output is fluctuated so High ??

Jaks : repayment on Vietnam Power Plant Loans

Haha illustration on :

Vietnam JV Power Plant RM 8.7 billion: 25 % equity, 75% Loans .

Jaks 30 % , CPECC 70 %:

8.7 billion x 0.75 x 0.3 = 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


👉Observation 1 : Non current asset of Investment in Joint Venture 0.94 billion as FCF Growth to be prepared for big projects and served as some kind of security ( on loans although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years.


👉👉Observation 2 : Vietnam associate company JHDP had been paying Dividend from yearly is changed to Half year:

2022 : Dividend RM 70 million
2023 : Dividend RM 27.4 million
June 2024 : Dividend RM 14.2 million


👉👉 👉Observation 3 : year 2025 shl be Jaks year .


>>>

Shareholders agreement (SHA)
* Shareholders agreement dated 6 July 2015 entered between JPH, CPECC and JPP to regulate their proposed relationship as shareholders of JPP as well as certain matters relating to the management of JPP and also to govern their relationship in respect of matters related to JHDP.


* JHDP Board of directors, 3 from JPH and 2 from CPECC. However,👉 3 years after COD, 2 from JPH and 3 from CPECC. ( January 2021 to February 2024 ) .


* JPP Board of directors, 2 from JPH and 3 from CPECC.


> JAKS RESOURCES(Jaks)在2011年争取的越南海阳燃煤电厂项目在经过了6年的风雨终于开工建设了。由于项目总投资达18.685亿美元，JAKS无法找到任何银行资助该项目，所以电厂的建设推迟了好几次，期间更换了2个中国伙伴。直到于2015年7月Jaks与中国电力工程顾问集团有限公司(CPECC)达至协议。Jaks让出项目控制权从以往60:40改为30:70的股权合资开发此工程。CPECC负责融资及全部工程建设。CPECC在进行发电和输变电厂的工程非常有经验。参与了约90％的中国煤电工程。共完成了49,000兆瓦燃煤厂工程。

👉 Jaks partner with CPECC again on tendering LSS5 2000 MW EPCC RM 7.2 billion:

Jaks 51 % : CPECC 49 % tendered 200 MW ( with intention to tender up to limit 500 MW).

Land : 1730 acres in Terengganu to be leased from TDM with rental RM 578 per acre per year ( up to 500 MW) .

👉👉Tender award is scheduled to be announced on November 2024 .

Post removed.Why?

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




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 


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Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD
14 minutes ago |
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