Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍

——

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

—

Haha Jaks got 2 Cash Cow Projects with Commercial Operating Date : 



1) Vietnam Power Plant : January 2021 with 25 concession years tenure . 



2) Local Solar LSS4 Project : 21 August 2023 with 25 concession years tenure .


>>


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



___

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…

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Haha Tin Kosong Auntie Huangg, yr 1st Question asking me on the CEO remunerations is High , RM 10 million .

I am posted :

Salary n Bonus = . EPF & Sosco = . Allowances = . Other Emoluments = .
Total = RM 9,951,702 .

Ask you to fill up each breakdown items figure .

Auntie Huangg then twisting is correct la just round up became RM 10 million, but cannot fill up the breakdown items figure .

Auntie Huang twisting twisting wasting time .Finally I posted with the figure as below :

Referred to Anual Report 2022 :

CEO Ang Lam Poah :

Salary n Bonus = RM 1,980,000 . EPF & Sosco = RM 235,002 . Allowances = RM 36,700 . Other Emoluments = RM 7,700,000 .
Total = RM 9,951,702 .

What a Tin Kosong want to Pretend Smart , ask the Turtle 🐢 whom provided the information to you raise up his head n do own posting … hahaha .

Btw your more than 7 years hibernation cave got 🪞 ke … hahahaha

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Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍

——

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

—

Haha Jaks got 2 Cash Cow Projects with Commercial Operating Date : 



1) Vietnam Power Plant : January 2021 with 25 concession years tenure . 



2) Local Solar LSS4 Project : 21 August 2023 with 25 concession years tenure .


>>


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



___

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…

Jaks

My Jaks cost is RM 0.19 …

Haha recalled the Gap up on ard 1/9/2023 from RM 0.205 to RM 0.245 … Why stopped at RM 0.245 ?

As during the 2017/ 2018 Mr.Kyy I case , there is Warrant with issue price RM 0.25 is issued on 2018 .

And the expiry Date :

>> The Board of Directors of JAKS wishes to announce that the last date and time for the exercise of the Company’s Warrants 2018/2023 is Wednesday, 13 December 2023 at 5.00 p.m. ("Expiry Date").

👉 After the Warrant is Expired and the Insiders are compensated with LTIP … it is time to look at 2nd RI at RM 0.22 with Warrant ….issued on 2020 .

👉Jaks Shl be from Bottom to Uptrend …

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Haha as posted earlier, red flag at 1.15 … bull see Red .. Alamak …

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Beware the value trap
TheStar Mon, Jan 29, 2024 02:40pm - Yesterday


Some of these value traps do have great embedded value but nothing has been done to grow this value sustainably and allow it to translate into actual healthy returns for shareholders.The firms should maybe seek new income streams, get into M&As or expand in a big way to new markets.

MANY stocks on Bursa Malaysia often appear cheap with a lot of upside potential but sometimes it’s just too good to be true.

These stocks often trade at huge discounts to their book values, have low comparative price to earnings ratios and trail far behind their peers when it comes to share price performance and yields.

While it may make some sense to buy such stocks, a “cheap” stock can also mean a value trap, meaning it is merely masquerading as a compelling buy.

Haha how many relatives working in the Group and associates companies???

KUALA LUMPUR: Malaysia has maintained its January export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday. The world's second-largest palm oil exporter calculated a reference price of RM3,679.50 ($791.63) per metric ton for January.

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Haha what a pity Poor Lee always like to follow other ppl words:

1) earlier posted : I trade armada and even jaks for my free bintang beer

Now :I trade armada and even jaks for my free bintang beer and lobster.

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Haha how Good is Insas Insiders investment results ,one word Bad :

1) Fashion company
2) Omesti
3) Hohup
4) Difex - Under Regularisation Plan since 2020 …

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Haha red flag at 1.15 …

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Haha let see Sime Darby Plantation Robotic plan progress … succeed or fail …

Haha as I posted earlier… Looking at Harta Dividend and Philip capable to average down … is fast to even …

Haha oh I said ASP Shl be bottoming after March 2022 …

Haha Recalled Philip posted his Capital RM 59 million … Gain RM 32 million . I asked him as his Top 4 list ( screenshot) to challenge me is ard Rm 100 million . He replied is due to Margin .

Later we had a heated debate on Harta as he promoted at RM 5.80 on early 2022 . I agree on Harta but entry timing is not yet ….

Haha Direct from 2 websites:

MHC

DY 7.41%

But on Calculating is 3.2 %

—

Jtiasa

DY 2.71%

Calculating is 2.71 %

Thanks for highlighting….

Haha MHC dividend yield is 7.41 %

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Haha like that I will go to Jtiasa since Pang72 , Callvin , Sslleee and Stockraider are there .. hahaha

Meanwhile, RHB research expects CPO prices to range higher from current levels to above RM4,000/tonne in the first half of 2024 (1H24), on seasonally low output and the impact of El Nino.

Lacklustre demand however will limit the upside for prices, leaving it to maintain its RM3,900/tonne price assumption for 2024.

"Our base case is a moderate El Nino, which in previous years has led to a two to seven per cent decline in palm oil (PO) production. "Should the El Nino become a strong one, we would need to relook at our price assumptions," RHB research said.

It expects stock levels to continue decreasing in the months ahead, on the back of a lower output season and higher demand related to festive seasons.

"Meanwhile, palm oil stock levels at most major importing countries are now above historical levels, providing less incentive for significant restocking activities, given fragile global demand on the back of weak economic sentiment.

"Also, competition with Indonesian palm oil remains intense, resulting in Malaysian palm oil losing market share," it noted.

As such, RHB Research has maintained its 'Neutral' rating on the plantation sector with a tactically positive trading strategy.

The firm continues to prefer upstream players for now, with top picks being Ta Ann Holdings Bhd and Sarawak Oil Palms Bhd in Malaysia, Bumitama Agri (BAL) and Golden Agri (GGR) in Singapore, and PP London Sumatra Indonesia (LSIP) in Indonesia.

Meanwhile, RHB research expects CPO prices to range higher from current levels to above RM4,000/tonne in the first half of 2024 (1H24), on seasonally low output and the impact of El Nino.

Lacklustre demand however will limit the upside for prices, leaving it to maintain its RM3,900/tonne price assumption for 2024.

"Our base case is a moderate El Nino, which in previous years has led to a two to seven per cent decline in palm oil (PO) production. "Should the El Nino become a strong one, we would need to relook at our price assumptions," RHB research said.

It expects stock levels to continue decreasing in the months ahead, on the back of a lower output season and higher demand related to festive seasons.

"Meanwhile, palm oil stock levels at most major importing countries are now above historical levels, providing less incentive for significant restocking activities, given fragile global demand on the back of weak economic sentiment.

"Also, competition with Indonesian palm oil remains intense, resulting in Malaysian palm oil losing market share," it noted.

As such, RHB Research has maintained its 'Neutral' rating on the plantation sector with a tactically positive trading strategy.

The firm continues to prefer upstream players for now, with top picks being Ta Ann Holdings Bhd and Sarawak Oil Palms Bhd in Malaysia, Bumitama Agri (BAL) and Golden Agri (GGR) in Singapore, and PP London Sumatra Indonesia (LSIP) in Indonesia.

Haha During Low season monthly output.. CPO price is expected Shl be rise …

Haha so TSH is very much Undervalued ke …

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Haha sslleee why need to issued 2 times RI , so cash Rich le :

Insas

12/2019 :

Retain Earning : 929,291,000

Non current loan and borrowing:
15,806,000

Current loan and borrowing:
229,322,000

—

12/2022 :

Retain Earning : 1,344,348,000


Non current loan and borrowing:
19,875,000

Current loan and borrowing:
224,208,000

Haha issues 2 time RI ( RPS + W ) =
ard 130,000,000 X 2
= 260,000,000



illustration:

929,291,000 + 260,000,000
= 1,189,291,000

Haha refer to price chart , Buy 80 and below … Sell at 1.20 and above …

Haha why Insas don’t want to hold 100 % shares of M&A ? After back door listing only hold 53.7 % share ….

Local Analysts said only benefit M&A ? Meaning the One hold 46.3 % ?? After sold its kitchen business to Mieco , got 46.3 % of M& A ???