EURO
rockected from below 20 sens to RM 6.0 ++
just within few months

HONGSENG
rockected up from below 20 sens to
2.0 ++ within few months

DATAPREP
rockected up from 16 sens to above 4.0 just within 2 months

LKL, MMAG, CFM and many other counters also rockected few times just within few months,

Compared to them, Jaks fundamental is very much better than them

There are some unknown reasons behind for PP

Another example,
HWGB completed a 30 % PP ( After shares consolidation of 4 became 1) at around 8 sens sometimes in 2019, just within a year
In 2020 HWGB shares price rockected up to 1.50 ++

HEXCAP ( Formerly known as Opcom). had completed a PP ( 30%) on 9 Sept 2021, 53,212,400 shares at 0.435, after the listing of PP, Opcom shares price rockected up from 40 sens ++ to around 1.70 within few months

If jaks market price is Hovering around 30 sens or 40 sens, Bursa is very unlikely to approve the PP at 0.18, So its price has to be pressed down in Order for the Planned PP to go through

Rights issue is for all existing shareholders according to their sharesholdings
Whereas Private placement is issued to a selective group of people, normally at a discount on 5 days average market price.
Many existing shareholders are wiling to take up rights issues at the price same as PP, but they are not given the choice

There are many other counters With limited down side but high possibility to give a Good returns of at least 30 - 50%, 30 - 100% returns May be just few months or 1 to 2 years When market is hot
Like Magnum, Muhibah, ANNJOO, Mrcb, Gadang, Puncak, GBGAQRS etc

Just a matter of buy and hold and Wait for your targeted returns

To buy a house at 1.6 Million, it is unlikely can make a return of 100 % within 1 or 2 years,
not to mention the Lawyer fees and stamp duty incurred, and also RGPT of 30 % on gains on disposal of property Sold within 2 years.

Just stareted to buy some at 0.18,
Queued whole morning at 0.175 still not done.
Prepared to buy another block at 0.165/0.16

If hit 0.15/0.155 Will buy triple.
Hopefully can get within 2 weeks.
But they dare not to press down.

If any day hit 0.28/0.32, the returns around 100 %

If any day hit 0.45 - 0.48, the return is 200 %

Just Prepare to hold 1 - 2 years, or target price hit whichever come first

Is it a duty or an obligation to answer any unmeaningful questions?

Uems from low of 18.50 sens to 1.16 just within 7 months, up 6.27 times

YTL from 0.55 ++ to high of 2.75 within 9 months, up 5 times
and few Others like E & O, IWCITY etc

Have their profits or Net worth also up 5 or 6 times within 6 - 9 months?

It is just a matter of pushing up ( after they have accumulated enough) and to redistrubute to retailers or
pressing down to accumulate.

There are different way to value a stock, it is not a math, 1 +1 =2

For those who think jaks is overvalued and not worth to buy /invest, just leave it and let Others to buy.

Unless you have borrowed few Millions or few hundred Millions shares and had shortsell at higher price With intention to buy back / Cover back your position to make gains from the price difference, ( but it is a doubt that you have the ability can borrow such amount of shares).

So, it is a waste of time in this forum unless you are paid by the syndicate ( few sens per comments made)
Some commenters With the name speak for themselves.

Is that anything wrong to promot to retailers to buy jaks When jaks is undervalued at Current price, below 20 sens which is at historical low level.

Main shareholder has accumulated from 80 Millions shares few years ago to more than 330 Millions shares.

Based on the Annual Report 2022,

Page 82


STATEMENTS OF CASH FLOWS
For the financial year ended
31 December 2022



LTIP expenses = RM 13,980,000

If a lot of retailers Bought around 0.94 to 0.85, they can press down to 0.71, after retailers
Panic, cut loss, or take profit ( if Bought around 0.3to 0.60), they can push up again
If those retailers Bought above 1.0 few years ago and sell to the strong holders, then they will push higher and wait for retailers to buy back at higher price.

If all the old theme / stories, Hsr, bandar Malaysia, MMH2 revised and come back again, the share price can go higher

YTL was around RM 0.50 ++ sometime jan 2023 to March 2023,
Its share price hit 1.70 between Aug 2023 - Sept 2023, within 6 month, (up around 230 %) . p

Based on the Annual Report for year ended 31 Dec 2022
, analysis of sharesholdings as at 20 March 2023, ( page 382 - 383),
UEM GROUP BERHAD ( 69.56%)
URUSHARTA ( 6.32 %)

TOTAL top 30 largest sharesholders = 83.34 %

Strong holders accumulated for some years, may be can distribute some shares to retailers.

Uems has a lot of lands especially in johor, undervalued.
it was goreng up few times based on
Waiver of RPGT during 2006 - 2007, DIBS, low Interest rate for properties, Bandar Malaysia, HSR,
shares price sometime go up ahead of fundamentals,
Sometime lagging behind, sometime No fundamentals at all also can goreng up
Like many penny stocks during 2020 - 2021,
Dataprep from below 0.20 to above 4.00+ within few month,
EURO from below 20 sen to above 6.0
Hongseng, LKL, HLT HWGB, CFM, FOCUS, and many others

RENONG ( stock code 1775) was traded around RM 0.30 sometimes in Jan 1999, rocked to up
RM 3.00 ++, sometimes in July 1999

Dropped to around RM 0.30 ++ sometimes in March 2006, later changed its name to UEMWORLD, rocketed up again to around RM 5.00 ++, then changed its name to UEMLAND

Dropped again during Subprime loans crisis during 2008 - 2009, to around RM0. 50 ++
during 2010 - 2014, after Merger with SUNRISE, changed its name to UEMS,
pushed up again to RM 3.00 ++,
later dropped all the way down to RM 0185 sometimes in Nov 2022.

Maybank 9.14 + 100% profit to become RM18.28 within 12 months seems unlikely to acheive compare to Jaks 0.21 + 100% = 0.42.

200 days morning average for JAKS is at 0.22, once broken and can sustaine above 0.22, is a reversal become uptrend. Can refer many other counters like UEMS, YTL, IWCITY, MRCB, EKOVEST, YTLPOWER and many others

We should look at the direction or the trend in which Jaks is moving.
Jaks climbed up from 0.18 to 0.245 before it closed at 0.21 on Friday.
Jaks is on uptrend

Investment for
100, 000 shares x 0.20 = 20,000
Sell at 0.30 = RM 30,000

PROFIT = 10,000

FIXED DEPOSIT
20000 X 3 % = 600 per year

Any day Within a year

, Jaks hit 30, and you sell at 30 sens

You can take your profit 10,000

If after your purchase, Jaks drop to 0.185, just be patience

The Major shareholder ALP was holding around 82 millions shares before year 2020
Now he is holding around 334, 365,356 shares
Increased 252 millions.

Buy at 20 sens, sell at 30 sens Within a year,
profit = 50%

Buy at 20 sens, sell at 40 sens Within a year,
Profit = 100 %

Mudajya had recognised 21 millions profits from investment in RKMPOWERGEN, India for financial year 2021 based on the Audited accounts by KPMG.
Based on Mudajya s press release dated 15 June 2022, RKMPOWERGEN INDIA has recorded
282 millions for Jan 2022 - April 2022. For the similar period in 2021, it was profits of 72 millions.
It means profits from India power plant has increased 400 %
And Mudajya largest shareholder is holding 70 %, and the owner behind is Jerry Kou from Taiwan, who owns 5 listed companies in Taiwan.

Auditors for Audited accounts for financial year ended 31 Dec 2021 was KPMG.

On 11 Dec 2022 changed to Deloitte PLT Malaysia.


Based on the notes to the accounts 9

R.K.M POWERGEN PRIVATE LIMITED ( RKM) was treated as an associate company.

Based on notes 10

Non current
Fair value through profit or loss
- - shares at Group level RM 21 millions

Based on Statements of Profits or Loss

Other Income
Gains on remeasurement of other investments RM 21 millions
24/02/2023 11:47 PM
X
Shareview123 Based on press release on 15 June 2022

RKM reported 282 millions for Jan 2022 - April 2022 and
72 millions for a similar period in 2021.

So, for 4 months = 72 millions,
for 12 million months = 72 millions x 3 = 216 millions

So, may be based on advice of experts, Mudajya and Auditors agreed to recognise 10 % only,
which is RM 21 millions as reflected in the Group level of Audited Accounts for 2021.

For Jan 2022 - April 2022 = 282 millions

So, let assume for 12 months = 282 millions x 3 = 846 millions

So, be consistent, Mudajya and its Auditors may agreed again at 10 %

846 millions x 10 % = 84.6 millions, to be recognised in the group level of Audted accounts for financial year ended 31 Dec 2022.

Hopefully, they can agree on higher percentage and not just 10 % only.
25/02/2023 12:05 AM
X
Shareview123 If Mudajya and its auditors agreed to recognise at 19.4 %

So at Group level, can recognise 164 millions ( 846 x 19.4 %),
25/02/2023 12:25 AM
X
Shareview123 And may also consider to written back impairments written off or provided in previous years.
or revalue its investment in RKM.

For those retailers with strong holding power, can buy and hold for 3 to 6 months for a target price of 0.55 to 0.60 or 6 to a year for a target price of 0.80 to 1.0
Armada was Top 5 FPSO in the world, may be slightly bigger than YINSON.

Armada dropped from around 0.80 from beginning of 2018 to 0.15 during Dec 2018, then hit 0.54 in Nov 2019.
Very difficult to play contra. Must hold and let them push back around 0.55 again. If crude oil sustain above USD for a year, it should go back to around 0.80. Armada results is much better than 2018 to 2021, no reason hovering around 0.40 the only reason is a lot of retailers average holding cost may be around 0.55 to 0.60.

Hibiscus dropped from around 1.00 in 2020 to around 0.80. Then slowly dropped to 0.71
before limit down on 9 March 2020 to 0.41,due to disagreement between Russia and Opec March pendamic to 0.25 in March 2020 .later dump and pump for 2 years to hit 0.80. But took around 2 months only from 0.80 to 1.32 because a lot retailers were flushed out plus crude oil price jumped fr USD 88 ++to USD 130above.

Based on the audited annual report 2018, 2019 and 2020, Malaysia master value investor also increased his investment from 30 m to 65 m shares

Armada hit 0.54 in Nov 2019, due to pandemic, it dropped to around 0.135,
On 18 Oct 2021, it hit 0.545 again, then dropped to 0.42 on 29 Nov 2021
Then on 4 Feb 2022, it hit 0.575, because of a lot of retailers jumped in, so the sharks pressed down to cach contra players, they press down to 0.365 on 15 March, today closed at 0.415 with a jump from 0.405 at 4.44 pm. It is very clear cut to earn money from contra players and to panic weak retail holders. Armada was around 0.90 in 2018 when crude oil was around USD 80.
The last few quarters made profits, and with oil prices above USD 90, no reason for Armada hovering around 0.40.
The only reason is they are accumulating and try to flush out retailers.

End of Feb 2019, KNM announced results with huge losses ofmore than 600 millions due to impairment and written off of goodwill, but its share price went up from around 6 sen to around 44sen sometimes in August 2019.

The probabilities of Genting Bhd and GENM to hit RM 2.50 and RM 1.50 respectively are very much higher than the probability of BAT to hit RM 4.0.

Assuming retailers are holding 4.8 billions
( 30 % x 16 billions). If they push up 10 sen, they have to pay additional 480 millions to the retailers.

For those who had been trapped from 1.50 to 0.60, should seriously consider to average down now if drop to 0.10 - 0.11, average down again.
10,000 shares x 0.135 = RM 1350
20000 x 0.11 = 2200
.

If today they accumulated at average of 0.145 - 0.15.
==100 % up, = 0.3
=== 200 % up, = 0.45
===300 % up, = 0.60

Highest volume in Bursa history
As at 4.10 pm , 10 August 2020

1) sapnrg 3.821 billions shares
2 ) Bornoil 2.723 billions shares
3) PDZ 1.326 billions shares

The way they push this morning is different from the last few years.

Should be " not to mention the shares accumulated by major shareholders over the period from March 2020 - July 2020."

Morning session volume traded around 1.9 billion shares, assuming one third sold by retailers, it means more than 600 millions
shares, not to mention the number of shares accumulated by the major shareholders.
If up additional 10 sen, they would have saved additional 50 millions from the number of shares collected this morning.

Congratulations to those who bought at 10,000 shares @ 0.28
and doubled average down at 0.10 ( 20,000 shares x 0.10 ).
Now your cost is 30,000 shares @ 0.16.
For those who have average down additional 30,000 shares x 0.10.
Now your cost is only 60,000 shares x 0.13.
You have made a paper gain of ( 0.16 - 0.13) x 60000 shares. = RM 1,800.

It's share price was trading below 50 sen after 2008 financial crisis, then pushed up above 4.50.

Sapnrg was formerly known as Cress petroleum. After the merger with Kencana, became SapuraKencana. Later changed its name to Sapnrg.

For the past few months, we can notice many penny stocks with financial difficulties and incurred losses have been pushed up hundred to few hundred percent. These penny were trading below 3 sen with thin volume for past few years. Examples like ANZO, SINOTOP, HWGB, and many others so called ™ claimed related to Covid 19 ™. The operator have cornered or accumulated enough, that is why they can push up the price.
For Sapnrg, the operators are in the process of accumulating. Once they have accumulated enough, they will push up the price again.
I bought some around 0.24 - 0.28, and have averaged down few blocks around 0.085 - 0.12.
I am prepared to hold for another 2 years.
100k at 0.10 = 10,000.
1 million at 0.10 = 100 k.

Between 2010 and 2011, within a year pushed up from below 0.20 to 1.0 by using the story of tin mining, this year should be tourism topics now changed to Covid 19 agenda.

Since beginning of 2011, almost 10 years, can monitor this counter again, almost cornered.

Every investor or punter hopes to make some money from the market. It is their right as long as they do not spread the false informations to mislead the public.

https://youtu.be/3J6zm6zgah0

https://m.ednews.net/en/news/politics/421822-coronavirus-prepared-at-the-bio-weapons-laboratory-in-the-us

After the right issue completed, the financial position of ICON is very much better than before. If the company can get more and better contracts and also better governance, better management, the company should be able to give a better result , in a longer period, its shares price will go up also.
What we should do is keep monitoring the company's performance. If your cost is around 0.10 - 0.11, you don't need to be so panic, just keep for some times, any day the price hit 0.13 - 0.14, you can make 30 % returns also.

Today's price movements have given a clear indication that the price will be hovering around the right issue price on 20 Feb, 2020.

The cost of ICON for all shareholders after consolidation of 50 to1 and rights issues at 0.105, is around 0.105 less the the price of warrants.
It means all shareholders ( major shareholders and retailers) are almost the same, so if the shares price drop to 0.07 - 0.08 ( which is unlikely in the first week of listing), those who want to buy and hold with a profit target of
20 - 30 % can try.