Philip, the valuation is DK's, not mine. He made several assumptions including further ESOS and Free Grants = 3 billions shares. As to why the present price is RM0.425 and not RM1.50, my answer is "Investment methodoogy is an art, not a science. " DK estimated the fair value of Jaks as RM1.50 and invested accordingly. It is up to every individual to decide the fair price for a stock before he buys. For example, a well-known investment writer consider Harta at RM14 as very cheap but today the price is less than RM6.00. I am sure many investors bought Harta at very much higher prices. Before the price declines for gloves, many investment bankers set very high target price for the top glove stocks. None of us has a crystal ball. There are so many forces at work - short-selling, poor market sentiment, political uncertainty, syndicate manipulating the market and a host of other factors. If stock investment is easy, everyone will become rich. That is why even large funds lost a lot of money in Serbadk. Let us not split hair over this matter. After all, this forum is just for sharing ideas and opinions.

Sslee, Aseng's RM1.50 TP for Jaks was actually calculated by DK using the Discounted Cash Flow methodology. It is a conservative estimate of Jaks's intrinsic value. Please note that this method of valuation assumes that that the future cash flows received are sitting idle and
not generating any extra income. This is highly unlikely. Therefore, one of the complaints against the DCF valuation is that it ignores the earning capability of the cash flows received over the 25 year period. It is unfortunate that DK is not here to clear up the misunderstanding or to defend himself as he had already retired from I3 forum .......................................
Sslee- Aseng not even ALP or BOD 0r God can guarantee in 2 year time JAKS will be RM1.50. So be humble and know your limit.
06/10/2021 7:24 PM

Philip, when the Q1 result was out, DK projected Jaks's share of the joint venture as RM140m per year. The RM37. 5m profit in Q2 indicates that the full year projection will be about RM150m. Please take note that Q2 result wa affected by 2 months of substandard operation. DK's estimate is that this will add another 10% to the profit. In addition, when Jaks's ownership in JHDP is increased from 30% to 40%, the earnings from JHDP will increase by 33%. In all his sharings, DK did not tell us that the profit per quarter is 300m-400m. I think there is some misunderstanding here.

Philip,do carry on with your sharing. Ignore comments that are unfair and learn from those that are helpful. It would have been better if critics point out why the stocks u buy are not good. This will benefit readers more. Hopefully, critisicms will be more constructive

Mr OTB is running a paid subscription service on a willing buyer-willing seller basis. If what he does is unethical, I am sure ALL his subscribers would have had complained and stopped subscribing.They would not have followed him for more than 10 years. I hope this forum remains a forum for sharing and not personal attacks

Dear Mr Ooi and Mr DK66,
please ignore all the nasty comments. Thanks for all the hard work and sharing. It is unfortunate that your critics favour personal attacks rather than constructive criticisms of your analysis. Your good work is much appreciated.

Dear DK66,
Keep up the good work. Ignore the noises. Your hard work is much appreciated.Readers should point out the flaws in your analysis,instead of making personal attacks

I agree with Pamaladu that the statement "I hope you learnt something new today" is not something boastful, but a wish that the reader will read the article with an open mind, and in the process, benefits from the discussion. I hope Sifu Phillips will continue to share his insights on good stocks which he feels, are selling at a discount

Liewwl2004 sifu, thanks.My mind played a trick on me. I had mistaken 0.90sen as RM0.90

Mr Ooi,
For every one reader who criticizes you, I believe there are a hundred others who appreciate your opinion. Please continue to share your knowledge. Thanks a lot for your articles.