what does YB plan to do with prolexus?

https://www.linkedin.com/posts/bursa-malaysia_t7global-t7hkokzh-energysolutionsprovider-activity-6915562931556376576-g7yJ?utm_source=linkedin_share&utm_medium=member_desktop_web


Looks like T7 is giving a talk on the company. Saw the registration link here

all tech up!

with the interest rate hikes, is maybank still a favourite?

waiting for them to complete anna nery then more EBITDA and earnings will kick in. Its very low edi

lowest, maybe no more sell on news?

Heard this stock got EV potential?

Why this stock cannot move like other oil stock particularly now?

Great recovery stock, DRP is solid value as well.

The current share price RM0.33 with NTA of RM0.66 is only based on the investment cost of the power plant in Vietnam of approximately RM713 million, even without factoring the revaluation of the power plant equity (especially JAKS is eyeing to increase to 40%). So with this share price, isn?t this a good buying opportunity to stock up?

Dnex why you come comment here leh... lol..

RL one of the O&G player with very healthy balance sheet. Oil price also rising, means more job orders? to perforate, maintain oil production etc?

https://www.offshore-energy.biz/after-2021-rebound-fpso-market-to-continue-going-strong-in-2022-rystad-says/

^ From discussions, Enauta would be a even better, lower risk contract, lower equity portion contract for Y

@MiaoMiao7 Yea, they are quite transparent, can see their clientele on their slides in the website. No funny companies and funny awards. Just go check their clients market cap. lol.

Once their first brazil fpso comes this year, should have earnings kicker.

think they are designing for TOTAL two FPSO too! probably easier to go in for the bidding stage, if i'm not wrong.

ya lar, but i'm long term, so i will just wait and see, fingers cross. room from market cap growth seems justifiable.

they still have silterra, although its not high end chips. everything else still needs chips

looking at it from the long term contracts seems to be the way to go

I see, their debt is sizable but vs the contracts i think its kinda dwarf. I have been looking at them awhile now. Seems like a solid counter since turnaround.

haha so sour one. Are you all trying to secretly collect? I want too

i think the main difference is that the contracts are from reputable clients, which can be traced.

With the rights issue, i guess the owners are also putting more skin in the game + epf is buying more. They probably know something we dont.

Oil price up, lets gooooo

https://www.theedgemarkets.com/article/yinson-says-final-acceptance-rm22b-petrobras-contracts-take-place-4q-2024

Orderbook RM65 bil?

Came across this interesting interview by Khoo Hsu Chuang with Lim Chern yuan

https://www.youtube.com/watch?v=awHKPyXrYAI&t=256s

@Investgaogao eh bukan court order la. Itu announcement is application for injunction je

Sell of shares seems to be direct business transaction

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3215945

Monday price gonna run

Coal prices has been increasing of late. However, It’s been said and confirmed by the management during the previous AGM and a few analysts reports that the coal used for JAKS Vietnam power plant are pass through cost, which ultimately will be passed through to the off-taker. Further, the coal is sourced locally, and hence it is not subjected to global price fluctuations. Therefore, the Vietnam power plant are not impacted from the coal price fluctuations. We have nothing to worry about the coal price hike impacting JAKS power plant.

Keep calm and hang on

So getting people to buy ijmplant was the intention... LOL.. Good companies with consistent profit growth also want to complain.

Dividends were higher previously due to one off gains, the management redistribute the dividends back to shareholders.

hahahahha... Yinson cannot be a scam lah. Solid counter even in the oil crash in 2014. Probably wrong place for you to cross sell your position in plantation stocks.

Single PE, it used to be double digit PE. Historically, it seems that after every pandemic the gloves demand will continue on an uptrend.

We expect UEME’s earnings to grow robustly at 67% CAGR in 2021-23F as it stands to be the prime beneficiary of the economic reopening and healthcare industry growth, being among the major laggards in the market. This will support its dividend payout ratio of 70%, providing yields of 5-7% for 2021-23F, which is consistent with its dividend policy. It is also expected to be eligible for FTSE4Good Bursa Malaysia (F4GBM) Index inclusion this year. Initiate coverage with BUY. Target price: RM2.30.

Find out more by clicking the link: https://research.uobkayhian.com/content_download.jsp?id=62055&h=5f6cf32c38c1ca47bb47534611d55824

PRESS RELEASE
FOR IMMEDIATE RELEASE


POWERWELL REPORTS REVENUE OF RM24.5 MILLION FOR ITS FOURTH QUARTER


Shah Alam, 23 February 2021 – Powerwell Holdings Bhd (“Powerwell” or the “Group”), is pleased to announce its fourth quarter results for the 15-month financial period ending 31 March 2021 (“FPE 2021”).

For its fourth quarter for the 15-month FPE 2021, Powerwell registered a revenue and profit before tax (“PBT”) of RM24.5 million and RM0.1 million respectively as compared to a revenue of RM21.8 million and PBT of RM2.4 million in the previous financial year ended 31 December 2019’s (“FYE 2019”) corresponding quarter. The increase in revenue was mainly due to higher sales from major projects like MRT2 and the TRX Mall. The lower PBT was mainly due to lower profitability in some projects, higher raw material price (i.e. copper price) compounded by depreciation of RM/USD, higher costs incurred on sub-contractor works, higher site management fees and site installation fees and higher net impairment loss on trade receivable.

For the first 12 months of the 15-month FPE 2021, Powerwell recorded a revenue and loss before tax of RM79.7 million and RM3.4 million respectively, as compared to a revenue of RM88.1 million and PBT of RM13.1 million in the FYE 2019. This was mainly due to the COVID-19 pandemic which led to lower number of projects delivered and a one-off listing expense of RM4.5 million where RM4.2 million was charged out in the first quarter of 2020. Excluding the listing expense, the PBT would have been RM0.8 million. As at 31 December 2020, Powerwell’s balance sheet remained healthy with a low gearing ratio of 0.07x.

Powerwell executive director Ricky Lee said, “Year 2020 has been a very difficult and challenging year. The COVID-19 pandemic has affected both local and global economies through lockdowns, closure of international borders and so forth. We have taken swift actions to mobilise the necessary resources to protect the health and safety of our employees by applying strict standard operating procedures as recommended by the health authorities. The Group had also implemented various measures to ensure minimal disruptions to its project timeline, payments as well as business operations.”

He added, “With the recent surge in COVID-19 cases in Malaysia, Movement Control Order (MCO 2.0) was imposed in most states in Malaysia by the Malaysian government. This is expected to impact the Group’s operations in its fifth quarter for the FPE 2021. Nonetheless, as various countries roll out their vaccination programmes and the global economy is expected to gradually recovers in 2021, the Group is optimistic of its prospects in the calendar year 2021 with its current outstanding order book of RM65.7 million, which is expected to provide earnings visibility for Powerwell until 2022. Accordingly, the Group will step up the pace of its projects pipeline and sales activities. The Group will also remain focused on generating profitability and ensuring sufficient cash flows in order to create value and maximise returns for our shareholders.”


***

About Powerwell Holdings Berhad
Powerwell Holdings Berhad is an investment holding company. Through its subsidiaries, the group is principally involved in the design, manufacturing and trading of electricity distribution products which comprise low voltage (LV) switchboards, medium voltage (MV) switchgears and related products. All the LV switchboards and MV switchgears are customised equipment that are tailored to the needs of a building or an infrastructure.

With Malaysia, Vietnam, Bangladesh, Indonesia, Philippines, Singapore, Thailand and Pakistan being its principal markets, this global specialist in electricity distribution products has an impressive track record of innovation success from experience gained over the last 25 years.

For more information on Powerwell, please log on to http://www.powerwell.com.my/

Jaks in FY2019 made profit after tax and MI of RM108m which translates EPS of 18 sen. Based on current share price, PE is 4.4x.

The stock is definitely undervalued as compared to its construction peer trading at 10-12x PE. Assuming next year with power plant stable recurring income coming in, Jaks has potential upside. Assuming it achieves similar EPS of 18 sen, with PE of 10x, Jaks share price should be valued at RM1.80. The right issue maybe a good opportunity to buy?

Buy

You look at recently so many companies doing 20% private placement. go to shareholders approval to get another 30%. So can issue new placement share up to 50% of total no of issued shares and this private placement only benefit certain shareholders. It will be a huge dilution to the existing shareholders. Definitely jaks would have considered all these options before the BOD decided that rights issue was the best option and considered the interest of existing shareholders. All shareholders can participate at a 50% discounted price together with free warrants. Both major shareholders and minority shareholders have equal opportunity to participate.