SarifahSelinder

SarifahSelinder | Joined since 2014-07-17

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Stock

2020-05-17 18:58 | Report Abuse

qqq3 followed Koon to meet team Andy dulu jz not invited along for d site visit

Stock

2020-05-17 18:55 | Report Abuse

Ex CFO didn't appear certain of his figures he has given a wide range from abt 80m to 150m

In fact qqq3 himself pernah bilang kat sini Andy told him the PAT was intentionally understated to EVN

Stock

2020-05-17 18:46 | Report Abuse

3 years is a long time mungkin JAKS dah byk renewable energy projek kat Vietnam masa tu

Stock

2020-05-17 18:44 | Report Abuse

i3lurker

Still wary... done so far.... makna nya masih wary of old PP RI done dulu

Past tense

Anyway based on info from Andy kat AGM

10% more at USD50-60m = RM220-250m

To buy 10% more at PE 2 to 3x ok apa

PE 2x option due in 3 years wef COD

3 years from selling electricity jz nice

Actually byk yg minta Andy jgn buat PP tapi RI klau perlu sbb nak tambah lagi

Stock

2020-05-15 11:55 | Report Abuse

PAT RM 144m

10x to 15x PE = RM 2.2 to RM 3.3

Stock

2020-05-15 11:31 | Report Abuse

If use current USD RM rate PAT lagi besar sikit

Stock

2020-05-15 11:29 | Report Abuse

Kenanga ni bikin a site visit kat Vietnam dulu

Stock

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.

Stock

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

Stock

2020-05-11 14:32 | Report Abuse

BUT

The relative valuation does inspire confidence

Stock

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

Stock

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

Stock

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

Stock

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

Stock

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

Stock

2020-05-11 14:06 | Report Abuse

Aseng u hv not a clue....

Stock

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

Stock
Stock

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

Stock

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

Stock

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

Stock

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

Stock

2020-05-11 13:40 | Report Abuse

dk u r really very reckless seriously

Stock

2020-05-11 13:39 | Report Abuse

dk

Now u say u asked......

Stock

2020-05-11 13:33 | Report Abuse

dk u r very reckless

Stock

2020-05-11 13:32 | Report Abuse

8000+ visits cannot b taken lightly

Stock

2020-05-11 13:32 | Report Abuse

This is not insider infor

Stock

2020-05-11 13:31 | Report Abuse

Aiyo DK55 team Andy allowed u to ask why didn't u ask?

Very reckless!!!!!

Stock

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

Stock

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

Stock

2020-05-11 13:21 | Report Abuse

No based on peer comparison etc but directly from the horse mouth??

Stock

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?

Stock

2020-05-11 13:14 | Report Abuse

If u hv to ask then Sarifah is worried......

Stock

2020-05-11 13:04 | Report Abuse

DK66

OMG now u hv a big ego now it is all abt u u u

News & Blogs

2020-05-11 13:03 | Report Abuse

DK66

Hv u verified any of the basic fundamentals in ur calculations n projections wit team Andy?

Stock

2020-05-11 12:47 | Report Abuse

step aside u hv not a clue

Stock

2020-05-11 12:46 | Report Abuse

aseng

Set aside u hv not a clue

Stock

2020-05-11 12:07 | Report Abuse

Sslee

R u even awake?

Stock

2020-05-11 12:07 | Report Abuse

Sslee

Tis one u r very wrong

Everyone knows the AGM

Stock

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

Stock

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

Stock

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

Stock

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

Stock

2020-05-11 09:44 | Report Abuse

i3lurke

Sudah la u DK66 ada first hand info from team Andy

Stock

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

Stock

2020-05-10 18:27 | Report Abuse

Return not determined by machine but by parameters set by EVN

Stock

2020-05-10 18:23 | Report Abuse

So knowledge

So how much difference r u talking abt?

Stock

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

Stock

2020-05-10 18:21 | Report Abuse

Boleh give a very gauge

Stock

2020-05-10 18:15 | Report Abuse

Same machines

Emphasis is on MACHINES

Makna machines less variables unlike plantations

Less variables so comparable