Posted by Sslee > 5 minutes ago | Report Abuse

Mike-tikus,
The correct word is take profit not cut win.

Posted by Sslee > 9 hours ago | Report Abuse

When Mike-tikus come in and promote Jaks with his misleading cut and paste facts and figures as what he had done with PA. He leave me with no choice but to cut win my jaks for my free bintang beer and rebut

Haha no worries, still has paper Gain 26 %

Posted by Sslee > 13 seconds ago | Report Abuse

Do you already cut win your capA

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13/04/2023


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


Windy1974 sold his CapitalA on 13/4/2023 morning at 80.5 cents for some trading gain. He will trade again when opportunity arise. Me sold some of my jaks at 22 cents for some trading gain too. 


By next week most likely CapitalA will drop below 70 cents and someone will look at book lose instead of book gain.

Haha anyway hope this will be yr 1st Cut Win …

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Haha Demusang/ Fox , why deleted yr earlier posts ? Ammoing dekat tepi Jln ke ….

Haha wow how are you Stockraider, after diving into Sg Klang loss naked with yr fish ball… hahaha

Calvin posted he Loss in Netx as posted in Tsh in 2023 , after Promoted Netx on 2020 …

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Haha stop here later going out for dinner with family…

Lee still working in Indonesia , cannot fly back home town ke ? CNY also cannot ke as record ???

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Haha with pity le on the investing Record.. hahaha ..

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Haha Demusang / Fox :

How is Income wife ??? No more ahmoing ke ?? Hahaha

No worries, oredi Gain in Bahvest after Capital a Co founder acquired became substantial shareholder… Cheers ..

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JV agreement (JV)

* The JV agreement provided that Jaks resources (JRB) shall execute subcontract agreement with CEEC in relation to its scope of work under the EPC Contract 2.
* For EPC1 contract, CPECC contractors shall achieve the completion of the performance tests and satisfaction of the conditions for 1st generation unit by 42 months from agreed construction start date, or pay US$280,000 per day of delay. However, Jaks shall procure its subcontractor to pay the delay damages of US$120,000 of its EPC2 contract.
* Under contracts EPC1 and EPC2, if the minimum output without fuel oil support exceed the guaranteed minimum output level, contractors shall be liable for damages of US$2,800 per KW.
* Under contracts EPC1 and EPC2, damages of US$5,000 per KW is payable by the contractors if net output of electricity is less than the guaranteed net output by less than 3%. If more than 3%, the amount payable is US$13,500 per KW.
* Under contracts EPC1 and EPC2, If the net heat rate of each unit is greater than the guaranteed net heat rate by 2.5% or below, damages of US$400,000 per kcal/KwH is payable. If more than 2.5%, Damages shall be US$800,000 per Kcal/KwH.
* Under contracts EPC1 and EPC2, if limestone consumption rate is higher than guaranteed rate by 5% or below, contractors shall be liable for damages of US$465,000 per ton/h. if more than 5%, damages shall be US$930,000 per ton/h

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.
* The EPC cost for the project shall not be more than US$1.515b excluding working capital.
* The total shareholder funding shall not be more than US$467.125m
* Project financing based on debt to equity of 75:25
*  In the event additional shareholder’ funding required other than due to project cost exceeding US$1.8685b, CPECC shall provide additional funding in the form of (i) additional RCPS which will reduce JPH effective economic interest and/or (ii) interest bearing shareholder loan at bank interest, at the option of CPECC.
* JHDP Board of directors, 3 from JPH and 2 from CPECC. However, 3 years after COD, 2 from JPH and 3 from CPECC.
* JPP Board of directors, 2 from JPH and 3 from CPECC.
* In the event of deadlock, buyout of opponent procedures will be initiated.
* CPECC irrevocably grants to JPH non-transferable rights (option) to increase its effective economic interest in JPP to 40% at such price based on cost of investment plus holding cost. The option is exercisable by JPH up to expiry of 3rd year after the COD.

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Power purchase agreement (PPA)
* EVN shall purchase dependable capacity and the net energy output from JHDP.
* JHDP shall finance, design, build, operate and maintain the power plant.
* PPA shall have a duration of 25 years from the COD.
* No sales to third parties other than EVN.
* Non-recourse obligation precludes EVN from further right or claim against or recourse to the investors other than the assets of the BOT company (Vinh PPA)
* Liquidated damages payable by BOT company for outages beyond allowable limit at 105% of capacity payment (Vinh PPA)
* Liquidated damages payable by BOT company for Output at delivery point either less than 97% or more than 103% of output required under dispatch instruction at 5% of capacity payment (Vinh PPA)

Government guarantee (GGU)
* The GGU provides Vietnam Government Guarantee on all payment obligations of MOIT under the BOT contract and the EVN under the PPA.
* The guarantee on PPA is for 18 years from COD, and the full term of the BOT in the case of MOIT.
* Guarantor shall also pay interest on any sums outstanding.
* GGU also guarantee USD currency conversion and right to remit
* repayment of principal, interest, etc under financing document
* quarterly and annually profit distribution to JPP
* repayment of charter capital
* any expenses due to contracts goods imported
* any expenses due to foreign service contracts
* any payment that are due in foreign currency

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.

the MOIT on September 19, 2016 officially announced that the start date of the BOT contract was October 1, 2016.

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.

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 👍

👉Referred to FY23 , 2QR ended June 2023 :

Share Capital : 1,098,012,000

Reserves . : 24,909,000


> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )


Non controlling interests : ( 66,333,000 )


Total equity : RM 1,400,249,000


Gearing Ratio : 36.2 % ( 0.362 X )

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 .

Haha I had posted earlier KYY holding in Jaks during 2017/18 is 10 + 7 % … still got PAC le … 30 % le …

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1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million


2021 : RM 140.7 million


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 no one can get the lowest n Highest price unless those are Lucky ..

My In ratio is 40:30:30 and Out ratio is 30:30:40…

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Haha LSS4 COD is on 21/8/2023 …. Insider mentioned expected Profit RM 10 million a year with 25 years concession tenure .

Haha sslleee posted also in Capital a today ke .. see my reply le ..

osted by Sslee > 1 day ago | Report Abuse

Aiyoyo Mike-tikus today closing my Insas-WC already overtake Jaks. When will my Armada also overtake capA?

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Haha as posted earlier, Cap A co founder is an insider of a Securities firm , see Bahvest oredi Up after he acquired as Substantial shareholder.

Haha oredi posted no more Case study on PA after the New Esos is out …

And during Insider behaviour study in Jaks :

- PA insider Gain most on Warrant conversion with ex price 12 sen ( after share consolidation 2 into 1 ) .

- Jaks insider lost on purchased warrant .

- Insas insider although is rich company but repeatedly issued RI with RPS n warrant to get money from shareholders to pay bridging loan n use over 20 million on staff expenses…

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