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2023-11-22 21:39 | Report Abuse
Haha aiyo Dividend had to wait after audit le .. you don’t know ??? Hahaha
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What will be Jaks Q3 share of profit and dividend from JV JHDP?
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2023-11-21 23:30 | Report Abuse
AirAsia X: Financial performance recovering, to exit PN17 status
Tuesday, 21 Nov 2023 9:35 PM MYT
Copied n Posted Partially:
KUALA LUMPUR, Nov 21 — AirAsia X Bhd’s (AAX) net profit for the third quarter ended September 30, 2023, fell to RM5.56 million from RM25.09 million registered in the corresponding period last year.
>> In a separate filing, AAX announced that Bursa Malaysia has approved its application to be uplifted from its Practice Note 17 (PN17) status.
"Bursa Securities, vide its letter dated November 21, 2023, after taking into consideration the relevant facts and circumstances, including, among others, the company no longer triggers any prescribed criteria under PN17, the company has complied with the criteria for waiver and upliftment from being classified as a PN17 company.
"Apart from that, the quarterly report for the financial period ended September 30, 2023, which is due by November 30, 2023, resolved to allow the appeal subject to AAX announcing a profit after taxation attributable to the equity holders of AAX in the quarterly results,” it said.
The upliftment of AAX from being classified as a PN17 company will come into effect tomorrow (November 22). — Bernama
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2023-11-21 13:31 | Report Abuse
Referred to FY23 , 1 QR ended March 2023 :
Cash Flow from Operating Activities :
( - RM 894,000 )
Purchase of PPE and Right of Use :
( - RM 31,082,000 ) in LSS4 Solar Project
>> Increased in Non Current Assets .
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2023-11-21 12:55 | Report Abuse
Huangbbkk72
Huangbbkk72 | Joined since 2023-11-09
This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.
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2023-11-21 12:48 | Report Abuse
Haha oh btw after M&A is RTO listed , Insas is no longer own 100 % , is own 53.7 % .. correct ke Lee ??
Posted by Sslee > 31 minutes ago | Report Abuse
If no bank wants to lend the money to Jaks, can ask Insas credit and leasing for the bridging loan and repaid after jaks RI arranged by M&A securities.
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2023-11-21 12:36 | Report Abuse
Haha see Jaks on Local Solar Project LSS4 Loans process n decision :
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.
JAKS Solar Nibong Tebal: multilateral financing facility
RM112.5 million (US$26.5 million)
March 2022
Summary of terms and conditions
Islamic facilities amount RM112.5 million (US$26.5 million)
– Term financing facility RM80 million (US$18.84 million)
– Bank guarantees RM27.5 million (US$6.48 million)
– Cash line facility worth RM5 million (US$1.18 million)
Type of facility Mixture of project finance and working capital facilities.
Use of proceeds 1. Working capital requirements
2. Project costs including engineering, procurement, construction and commissioning works, professional fees, land leases and related expenses
3. Prefunding debt service reserve account
4. Financing cost of the facilities during construction
5. Fees and expenses in relation to the facilities
Tenor Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period)
Cash line facility: On demand
Bank guarantees: Up to two years (inclusive of claim period)
Profit rate/yield Undisclosed
Payment frequency Term financing facility: Monthly
Cash line facility: Quarterly/on demand
Bank guarantees: Not applicable
Legal advisor Albar & Partners
Governing law Malaysian law
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2023-11-21 12:29 | Report Abuse
Haha Insas looks Cash Rich .. but repeatedly issued RI with RPS n Warrant to get money from shareholders to pay bridging loans , n given more than RM 20 million on Staff expenses after RI ..
Just a Insaf Value Trap as Phillip said …
Even Insas Super Promoter Leno since 2013 whom started posted on B. Graham.. dare not posted the Graham Number as is Higher than NTA .. as that time he used it on TP RM 2.00 , RM 3.00 ..
Your Insas WB wayang abang Stockraider even blowing with TP RM 5.00 …
Leno is MIA oredi …
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2023-11-21 12:07 | Report Abuse
Haha really laugh live me … started blowing, earlier said Jaks Shl be like Serba ..
After Leee sold Jaks shares on April 2023 …
Posted by Sslee > 1 hour ago | Report Abuse
And most likely without LTIP, ALP pledged Jaks share will be margin call forced sell by bankers.
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2023-11-21 12:03 | Report Abuse
Haha in fact as posted earlier, looking at more than 2 years Share of Profit n 2022 Dividend.. Jaks shl increase Vietnam JV company shareholding from 30 % to 40 % :
Jaks insiders are exploring all the financial funding possibilities:
The additional 10 % is cost ard RM 200 million . 2022 JV company Dividend is only RM 70 million.
Let’s keep it simple , ie :
By either financing option :
1.) By Borrowing : Gearing Ratio is increased from 0.362X to 0.51X
2.) By internal funding : Gearing Ratio is increased to 0.43X …
> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )
Jaks insider is very particular on Gearing Ratio .. so far had monitored n controlled in a Healthy level …
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2023-11-21 12:00 | Report Abuse
Hoho 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 : August 2023 with 25 concession years tenure .
>>
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
___
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 normally with High Profit …
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2023-11-21 11:59 | Report Abuse
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 👍
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Hoho 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 : August 2023 with 25 concession years tenure .
>>
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
___
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 normally with High Profit …
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👉 ROE : 3.21
👉 NTA : RM 0.660
👉 Benjamin Graham number
Square root of 22.5 x ( earning per share ) x ( book value per share )
SR 22.5 x ( 2.12 /100 ) x (1,400,249,000/ 2,370,000,000 )
= SR 0.2818
= RM 0.53
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2023-11-21 11:56 | Report Abuse
Hoho Cham lo .. lagi ada 👎 B ) Other Operating Expenses = RM 25,842,000 per Quarter…
No Wander repeatedly issued RI to get money from shareholders to pay bridging loans …
And Given more than RM 20 million as Staff Expenses after RI …
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2023-11-21 11:56 | Report Abuse
A.) FYE2020 : Revenue = RM 187.5 M , Net Profit = RM 14.8 M
1.) FYE2021 : Revenue = RM216.9 M , Net Profit = RM 245.7 M
2.) FYE2022 : Revenue = RM212.5 M , Net Profit = RM 215.05 M
3.) FYE2023 : Revenue = RM 216.8 M , Net Profit = 122.7 M
👉 FYE2021 n 2022 : Keep selling Profitable Businesses until no more to sell ke ..
👉 Dividend : FYE2021 = 2.0 Sen , FYE2022 = 2.5 Sen .
Wow so stingy to Shareholders le .
So generous to Staff le on 2021 : Staff Expenses is increased more than RM 20 million after RI ..
👉 3.) Why Insaf keep selling Profitable business ( from AGM 2021 n AGM 2022 ) eg : Singapore business …
then RTO M&A from 100 % holding to 53.7 % upon completion..
> > Current Insaf Dividend Yield is 3.05 % … after RTO M&A with 53.7 % .. will be more generous ke or Stingy ke ???
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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
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
>>>, just the Administration Expenses = RM 27.67 Million per Year … BOD remunerations = RM 4.8 million
Total = RM 32.47 Million per year .🤩
===
Insas
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
👎>>> , just the Administration Expenses = RM 27.67 Million per Year …
BOD remunerations = RM 4.8 million
🤙Total = RM 32.47 Million per year .🤩
👎 B ) Other Operating Expenses = RM 25,842,000 per Quarter .
Included in Other Operating Expenses are the following items :
a) Allowance for doubtful debts
b) Bad Debts written off
c) Provision for Impairment Loss
e) Goodwill written Off
and other items..
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2023-11-21 11:55 | Report Abuse
合盈证券收入减 英莎末季净利暴跌近74%
Orientaldaily Wed, Aug 30, 2023 07:25pm - 5 days
（吉隆坡30日讯）英莎（INSAS，3379，主板金融股）2023财政年末季（6月30日结账）净利按年暴跌73.93%，至3333万令吉；营业额也按年跌13.9%，至4253令吉。
财报透露，末季业绩按年大跌是因为合盈证券企业谘询费用收入减少，以及去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数。
该公司全年净利跌42.95%，至1亿2274万令吉；全年营业额则是2亿1684万令吉，比上年略高0.2%。
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2023-11-21 11:52 | Report Abuse
Haha let’s see 3QR result be released by this month , November..and see the Mother Price Movement until WB Maturity Date …
Illustration from DRP plan on possible funding :
>> 1.) All the 171,488,288 outstanding Warrants B are EX . EX Price is RM 0.34
Current WB price is RM 0.005 :
= RM 58.3 million ( Illustration )
👉 For fundings to purchase additional 10 % Vietnam JV company by January 2024 from shareholding 30 % to 40 % .
__
Jaks RI and Warrants
>>
1.) WB : Maturity 13/12/2023. RI at RM 0.25
Ex price 0.34
52w 0.005 - 0.07
>> SUSPENSION OF TRADING AND LAST DAY OF TRADING 👉 WB
Trading of the Warrants on Bursa Securities will be suspended with effect from 9.00 a.m. on Tuesday, 28 November 2023 up to the Expiry Date. The last day of trading of the Warrants shall be at 5.00 p.m. on Monday, 27 November 2023.
THE WARRANTS WILL CEASE TO BE EXERCISABLE AFTER 5.00 P.M. ON WEDNESDAY, 13 DECEMBER 2023 AND WILL ACCORDINGLY BE REMOVED FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET
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2.) WC : Maturity : 18/11/2025. RI at RM 0.22
>> 525,564,900 outstanding Warrants C
Ex price : 0.49
52w 0.045 - 0.12
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2023-11-21 11:49 | Report Abuse
Haha Insas is worst le :
Insas
Hoho Cham lo .. lagi ada 👎 B ) Other Operating Expenses = RM 25,842,000 per Quarter…
No Wander repeatedly issued RI to get money from shareholders to pay bridging loans …
And Given more than RM 20 million as Staff Expenses after RI …
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2023-11-20 08:48 | Report Abuse
Haha no wander is only one Win by lie on Insas WC since investing from 2016 ..
More interested on Mother Price movement :
Haha let’s see 3QR result be released by this month , November..and see the Mother Price Movement until WB Maturity Date …
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2023-11-20 08:40 | Report Abuse
Huangbbkk72
Huangbbkk72 | Joined since 2023-11-09
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Stock: [JAKS]: JAKS RESOURCES BERHAD
2023-11-24 10:28 |
Post removed.Why?