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2020-05-15 11:29 | Report Abuse
Kenanga ni bikin a site visit kat Vietnam dulu
2020-05-15 11:27 | Report Abuse
An post by Sarifah dulu
Sarifah x mahu to be hard on the CFO
Tapi... lihat la u sendiri
Comparing PAT yg diberi kat AGM to apa yg the same CFO told Kenanga
PAT US 120m x 4 = RM 480m
JAK's 30% = 144m
JAK's 40% = 192m
Charging on units of power produced, assuming the plant is able to keep up with the minimum utilisation requirement; the project is expected to yield up to USD120.0m/year of net-of-tax profits
JAKS Resources Bhd (JAKS) – Not Rated
For our last corporate visit, Mr. Steveno Ang, Chief Financial Officer of JAKS, provided us a tour of the upcoming coal fired thermal power plant project in the Hai Doung province, which is a 30%-joint venture with the China Power Engineering Consulting Group Co Ltd (CPECC).
The JAKS group as a whole is primarily engaged in water supply and infrastructure construction projects, supply and trading of building materials and steel-related products. The entry into the power segment was a means to minimise cyclical risks of its other segments.
To provide some colour, the plant is designed to generate an output of 2 x 600 MW under a build-operate-transfer model after 25 years with the Vietnamese government, with total construction project revenue to JAKS of RM1.89b to be recognised over phases of completion. Currently estimated to be 55% completed, management anticipates that it is able to commission the first of its two turbines possibly by the end of 2019. The second turbine should then be set to be completed 6 months after this. This is ahead of the initial handover deadline to the Vietnamese Government of November 2020. Addressing any contingencies in place to prevent delays, management mentioned that the integral equipments (i.e. turbines, boilers) for the plant are already on-site, with non-foreseeable issues to source smaller components. Building materials for the plant are also easily sourced from local suppliers. Furthermore, CPECC management and supervisors are consistently on the grounds to monitor the progress closely.
Assuming the full commissioning of the plant, an expected 15,000 mt/day of coal is to be consumed to support a minimum utilisation required of 77% for both turbines. The supply of coal has been committed to be backed by the local coal authority, which is well facilitated with the construction of an inland port/jetty close to the site. Additionally, coal storage areas are being built to store up to 10 days’ worth of fuel, in the event of any hiccups in delivery.
Charging on units of power produced, assuming the plant is able to keep up with the minimum utilisation requirement; the project is expected to yield up to USD120.0m/year of net-of-tax profits.
2020-05-12 08:25 | Report Abuse
Kita semua kat sini ada own calculations kat hati and hv 1st TP 2.5x
Semua love Vietnam Hai Duong IPP
2020-05-11 14:32 | Report Abuse
BUT
The relative valuation does inspire confidence
2020-05-11 14:31 | Report Abuse
dk
No need to make it so complicated
Team Andy confirmed if it is Equity IRR will do no need to know the actual calculations better thn now u r maling assumption
2020-05-11 14:22 | Report Abuse
No the point is tat tat point can be confirmed by team Andy easily
KLou88 Sarifah, you are so easy to influence by others, I suggest u put your money on FD or somewhere safe. Stock market is always a place with risk. If u are not stable or calm enough, u will lose all your money.
11/05/2020 2:19 PM
2020-05-11 14:20 | Report Abuse
Based on these 2 points OK ON
probability yes Sarifah, i am 100% sure since:
(1) it came on news ( i can share the link if you want it)
(2) Equity IRR of 12% at 75% Debt is absolutely not attractive...nobody would be interested
11/05/2020 1:52 PM
DK66 sarifah, you lost faith in relative valuation already ?
11/05/2020 2:06 PM
2020-05-11 14:18 | Report Abuse
HaHa
probability since its already an outsider info...nobody bothered to ask...
cukup penjelasan?
11/05/2020 2:14 PM
2020-05-11 14:09 | Report Abuse
No
Sarifah jz think this 12% IRR can be confirmed by team Andy if u jz ask so why don't u ask??
This is surely not insider info
DK66 sarifah, you lost faith in relative valuation already ?
11/05/2020 2:06 PM
2020-05-11 14:03 | Report Abuse
HaHa so u see which is whic
Aseng sharifah,
12% IRR and 75:25 loan ration is the company press release
probability yes Sarifah, i am 100% sure since:
(1) it came on news ( i can share the link if you want it)
(2) Equity IRR of 12% at 75% Debt is absolutely not attractive...nobody would be interested
11/05/2020 1:52 PM
2020-05-11 13:57 | Report Abuse
dk
This 12% IRR if came on news how can it be insider info?
probability yes Sarifah, i am 100% sure since:
(1) it came on news ( i can share the link if you want it)
DK66 Sarifah, please be reasonable.
If i cannot share freely base on my own will, I would rather stop.
11/05/2020 1:53 PM
2020-05-11 13:49 | Report Abuse
Sarifah sugar level a bit low due puasa...
R u 100% sure it is Project IRR 12%?
probability dalam suratkhabar sudah declare Project IRR 12% (The star)...and 15% (The Edge 2015)
11/05/2020 1:45 PM
2020-05-11 13:46 | Report Abuse
dk u potentially can cause everyone harm....
Wat limit? Jz go n ask team Andy
DK66 sarifah, I m sorry that I could not please you. I m not superman. I have limits. Did that caused you any harm ?
11/05/2020 1:42 PM
2020-05-11 13:41 | Report Abuse
U better clarify on tis now
OTB better go clarify on tis now
SarifahSelinder DK66
1Q: Do u know for 100% certainty the 12% IRR is project (100% equity IRR) or only the Equity IRR in 25:75 basis?
11/05/2020 1:18 PM
2020-05-11 13:40 | Report Abuse
dk u r really very reckless seriously
2020-05-11 13:32 | Report Abuse
8000+ visits cannot b taken lightly
2020-05-11 13:31 | Report Abuse
Aiyo DK55 team Andy allowed u to ask why didn't u ask?
Very reckless!!!!!
2020-05-11 13:28 | Report Abuse
Oh shit
But u r always in contact wit OTB abt meeting team Andy
Sarifah is sure team Andy can answer u this if u ever asked....
DK u hv been reckless
2020-05-11 13:23 | Report Abuse
DK
Answer these
SarifahSelinder DK66
1Q: Do u know for 100% certainty the 12% IRR is project (100% equity IRR) or only the Equity IRR in 25:75 basis?
11/05/2020 1:18 PM
X
SarifahSelinder No based on peer comparison etc but directly from the horse mouth??
11/05/2020 1:21 PM
2020-05-11 13:21 | Report Abuse
No based on peer comparison etc but directly from the horse mouth??
2020-05-11 13:18 | Report Abuse
DK66
1Q: Do u know for 100% certainty the 12% IRR is project (100% equity IRR) or only the Equity IRR in 25:75 basis?
2020-05-11 13:14 | Report Abuse
If u hv to ask then Sarifah is worried......
2020-05-11 13:04 | Report Abuse
DK66
OMG now u hv a big ego now it is all abt u u u
2020-05-11 13:03 | Report Abuse
DK66
Hv u verified any of the basic fundamentals in ur calculations n projections wit team Andy?
2020-05-11 12:46 | Report Abuse
aseng
Set aside u hv not a clue
2020-05-11 12:07 | Report Abuse
Sslee
Tis one u r very wrong
Everyone knows the AGM
2020-05-11 11:27 | Report Abuse
The idea to hv a meeting with team Andy is so that there is no need to speculate to guess anymore
2020-05-11 11:26 | Report Abuse
DK66
U r allowed to verify n 8000+ visits think tat u hv verified cos u r smart tapi u tak verify pulak that is reckless on ur part
2020-05-11 11:22 | Report Abuse
DK66
after meeting team Andy there shd no be anymore speculation as to what 12% IRR means it shd b confirmed upto the extent of no doubt whatsoever sbb that is very fundamental
2020-05-11 11:14 | Report Abuse
DK66
Better u verify whatevers that r verifiable wit team Andy tat is whole purpose of meeting team Andy
Verify what 12% IRR means n other infor that r fundamental to ur calculations n projections
Expectation justified expectation of the 8000+ visits is tat u hv verified at least the basis of ur calculations n projections with team Andy sbb team Andy has not said they r going to not verify those basis for u save for those OSA item
2020-05-11 09:44 | Report Abuse
i3lurke
Sudah la u DK66 ada first hand info from team Andy
2020-05-11 09:38 | Report Abuse
DK66
When it comes to Vietnam IPP u hv an advantage over tat i3lurker sbb u ada met team Andy n stil getting updates from team Andy via OTB
Jadi u punya calculations n projections mesti more accurate
Kita semua kat sini place100% reliance on u DK66 cos u verified ur details wit team Andy
Kita caya u will not let us down
8000+ visits all trusting u
2020-05-10 18:27 | Report Abuse
Return not determined by machine but by parameters set by EVN
2020-05-10 18:23 | Report Abuse
So knowledge
So how much difference r u talking abt?
2020-05-10 18:22 | Report Abuse
Sarifah stick to peer comparison wit Vinh Tan 1
Let's agree to disagree n wait it out
2020-05-10 18:15 | Report Abuse
Same machines
Emphasis is on MACHINES
Makna machines less variables unlike plantations
Less variables so comparable
2020-05-10 17:25 | Report Abuse
Vihn Tan 1 is real results generated by machines almost similar machines mcm JAKS
2020-05-10 17:13 | Report Abuse
JAKS is DK66 investment after attaining new level of investment sophistication after learning his lessons
2020-05-10 16:58 | Report Abuse
x boleh hv a single counter portfolio? Doing well on single counter portfolio xda credential?
2020-05-10 16:54 | Report Abuse
DK66 single share portfolio with only JAKS is doing very well by all measures
2020-05-10 14:59 | Report Abuse
i3lurker
Reconcile Vinh Tan 1 actual results wit ur claims
Stock: [JAKS]: JAKS RESOURCES BERHAD
2020-05-15 11:31 | Report Abuse
If use current USD RM rate PAT lagi besar sikit