# 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

Why Insas is involved in fashion business? Does not contribute much and is a distraction to management time.


The Company had invested in the Melium Group, which is involved in fashion and F&B businesses, since 1997, and the Company currently holds 43% equity interest in Melium. Insas has representation on the Board and EXCO of Melium and attend all Board and EXCO meetings held regularly during the year but does not get involved in the day-to-day operations.


Refer to QR ended June 2023 :


A) Administration Expenses = RM 6,917,000


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million


B ) Other Operating Expenses = RM 25,842,000 / Quarter

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Haha why so jealous le , the latest one is not 5 digit lo …

osted by Sslee > 38 minutes ago | Report Abuse

Haha Mike-tikus is ashamed to tell how many jaks shares he hold. Most likely 200 shares for case study.

So no more blow-water 1 sen is 5 digits gain/lose???
🤣🤣🤣

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

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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 ..

If 40 % with 👉👉 As at December 2023 , Investment in Joint Venture = RM 904,495,000

👉👉👉 PayBack period is estimated from 2021 to 2027 … 7 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 Additional 10 % Option in Vietnam JV company:

Investment in Joint Venture:

( & PPE )

QR ended

> March 2016 = 128,297,000

( PPE = 19,269,000 )


> March 2019 = 197,171,000

( PPE = 2,926,000 )


> March 2020 = 362,479,000

Addition to investment in Joint Ventures = 5,534,000

( PPE = 1,145,000 )


> March 2021 = 601,150,000

Addition to investment in Joint Ventures = 90,259,000

( PPE = 102,363,000 )


> March 2022 = 748,656,000


( PPE = 111,796,000 )


> 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 )

=====

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 …


👉👉👉👉 Someone if has additional information, pls share here , Thank you in advance…

P/s : 燃煤电厂于2016年3月28日动土
1 unit Power Plant is COD on November 2020 , 2nd Unit Power Plant is COD on January 2021 ..

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Haha Investment In Joint Ventures: 904,495,000

Mainly 600 million of Vietnam JV Power Plant Company plus holding cost ... and 240 million LSS4 project company ..

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 on LSS4 Project .. Jaks is one of the 1st One which COD on 21st August 2023 .. ahead of 4 months from Dateline : December 2023 ..

👉👉👉 While sustainability-linked financing is steadily increasing in popularity as a financing cost-saving mechanism, Ng shared that JAKS Solar had considered sustainability-linked financing but ultimately decided against it.

Haha Jaks still got Funding to complete the LSS4 Project …

Case study: JAKS Solar Nibong Tebal’s multilateral financing facility

By
Marlena Kareem
January 31, 2023

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).


AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).


The facilities will fund the development of a 50 MW fourth large-scale solar (LSS4) photovoltaic plant in Seberang Perai Selatan, in the state of Penang in Malaysia in addition to financing working capital requirements.


While JAKS Resources’s principal activity is the construction of power plants, JAKS Solar was incorporated specifically to undertake the development of the LSS4 photovoltaic plant in Penang.


The underlying asset for the multilateral facility is the solar plant which is inherently a sustainable power generation facility.
The Islamic facilities in the multilateral financing comprise a Murabahah Tawaruq term financing facility worth RM80 million (US$18.84 million), two bank guarantees worth RM27.5 million (US$6.48 million) combined and a Murabahah Tawaruq cash line facility worth RM5 million (US$1.18 million).


The bank guarantees consist of a RM10 million (US$2.35 million) facility with a complementary term financing facility with a limit of up to RM10 million and a second bank guarantee of RM17.5 million (US$4.12 million) with a Murabahah Tawarruq complementary term financing facility with a limit of up to RM17.5 million.


👉👉👉 According to Ng Kit Ho, the senior vice-president of loan markets and debt markets 1 at AmInvestment Bank, the primary challenge faced by the bank in executing the financing facility was the time constraint.


“The time between execution of the power purchase agreement and financials was extremely tight (four months) and was over the festive period,” Ng told ISFI.


According to Albar & Partners, which acted as the legal counsel on behalf of the financiers in this multilateral financing facility, the guarantees required in the facility also posed a challenge.


“Tenaga Nasional, as the off-taker of the power project, would only accept one single performance guarantee for the performance of the borrower under this power project, therefore AmBank Islamic and UOB were required to enter into a fronting arrangement for AmBank Islamic to issue a bank guarantee to UOB as a fronting guarantor, who shall then issue its own conventional bank guarantee to TNB as the performance bond of the power project on behalf of the borrower,” the law firm shared.


👉👉👉 While sustainability-linked financing is steadily increasing in popularity as a financing cost-saving mechanism, Ng shared that JAKS Solar had considered sustainability-linked financing but ultimately decided against it.


Listed on Bursa Malaysia’s Main Market, JAKS Resources’s activities also include construction, power, energy and property investment and it is involved in the development of residential and commercial properties. Its principal geographical areas for its operations are located in Malaysia and Vietnam.

Haha with Legal case won against Star Media … Jaks is more easier to monetise the Investment Properties…

Haha Jaks Non Current Assets :

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 current price comparison:

1 unit Insas share = 7 unit Jaks share

Which share is easier to trending Up 👉👉👉

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 as posted earlier :

Jaks Shl be trending Up after Warrant B ( to prevent Mr. KY2 intention to take Over during 2017/2018 with 150 million shares , Choivo Capital posted is 30 % ) is Expired on December 2023 …

Now additional funding from Warrant C with Ex price RM 0.49 expired on 2025 .. the balance Volume if converted is RM 257 million…

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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Haha so simple .. just like EngineeringP swimming with Conartist Callvin…😅🤣🤣

Potential Stock Splits in 2024: 2 Monster Growth Stocks Up More Than 400% and 1,000% in 4 Years to Buy Now
Trevor Jennewine, The Motley Fool
February 15, 2024·5 min read

Share prices of Nvidia (NASDAQ: NVDA) and CrowdStrike (NASDAQ: CRWD) soared more than 1,000% and 400%, respectively, over the last four years. Those monster gains make the companies stock-split candidates in 2024, but both are worthwhile investments whether or not those splits happen.

A survey from Morgan Stanley identified artificial intelligence (AI) as the most highly prioritized IT spending category in 2024. Nvidia and CrowdStrike are both positioned to benefit as businesses lean into automation. The survey also identified security software as the third-largest IT spending priority this year. That means endpoint security specialist CrowdStrike actually sits at the intersection of two powerful trends.

Here's why long-term investors should consider buying these two monster growth stocks.

1. Nvidia

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Nvidia has extended its ability to monetize AI with data center networking equipment and central processing units, both purpose-built for AI. It has also delved into cloud infrastructure and subscription software services with DGX Cloud, a platform that streamlines AI application development across use cases like video analytics, autonomous machines, and intelligent avatars. DGX Cloud also supports the development of generative AI applications.

The ability to blend hardware, software, and services gives Nvidia an immense competitive advantage.

"Nvidia stands out, in our view, not only because it participates in so many parts of the dynamic AI economy, but because it has synthesized its offerings into a first-of-its-kind AI-as-a-service delivered through the cloud," Argus analyst Jim Kelleher recently wrote.

Nvidia reported stunning results in the third quarter. Its revenue jumped 206% to $18.1 billion on record data center sales, and non-GAAP net income increased sixfold to $10 billion due to margin expansion driven by pricing power and a mix shift toward more profitable data center products. Even so, Nvidia has hardly begun to tap what management sees as a $1 trillion addressable market.

Grand View Research forecasts that the GPU market will grow at an annualized rate of 28% through 2030, and the AI market is expected to grow at an annualized rate of 37% during the same period. Nvidia's sales growth should be somewhere between those figures, but its bottom line should grow more quickly as high-margin software and services account for an increasing share of its revenue.

Indeed, Wall Street expects Nvidia's earnings per share to grow by 81% annually over the next five years. In that context, its present valuation of 95.1 times earnings actually seems reasonable. Of course, the story would change quickly if Nvidia fails to meet those earnings growth expectations, but long-term investors comfortable with that risk should consider opening a small position in this stock today.

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3rd Lies

Stock: [INSAS]: INSAS BHD
hours ago | Report Abuse


During stock bet : Tunepro 0.45 on 10/3/21 , cut win 0.49 on 12/3/21 after 2 days - Why ? .. Lee aka Victor Yong aka Good123 in Tunepro since Jun 2020. 





>> Lee Posted in Insas on Jan 2022 that sold Tunepro after 2 years ..

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1st Lies :

Stock: [INSAS]: INSAS BHD
hours ago | Report Abuse


Haha wow KonLee is an “ Attention Seeker “ .., approached me 1st in Netx on 2020 telling Lies replied my post which directed to Konstockraider to bail out Stockraider on Insas-WB whom play wayang in Insas-WB forum with Callvin with invested RM 5000 …


Then KonLee said Raider Win 1 Myvi in Netx RI .. Raider said Win 2 Myvi… both blowing bla bla bla clon the Wayang Script on Insas-PB and WC …


—-


Conartist Callvin n kon Stockraider had been Promoted Netx ( 1 of 46 Con stocks ) since 4Q 2019 until early 2021 ..