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"人算不如天算" (rén suàn bùrú tiān suàn) translates to "Man proposes, God disposes" or "Man's plans are inferior to those made by heaven." This saying suggests that despite humans making plans and calculations, ultimately events are determined by a higher power or fate beyond human control. It emphasizes the unpredictability of life and the limitations of human foresight.

"人定胜天" (rén dìng shèng tiān) translates to "Man can conquer nature" or "Man can overcome fate." This saying conveys the idea that human determination, willpower, and effort can triumph over external circumstances or fate. It implies that with hard work, perseverance, and determination, individuals can shape their own destinies and achieve success despite challenges.

While these two sayings appear contradictory on the surface, they actually reflect the complexity and duality of human beliefs about fate and agency. "人算不如天算" emphasizes humility, acceptance of fate, and the recognition of the limits of human control, while "人定胜天" underscores the power of human agency, willpower, and perseverance in shaping one's destiny.

In essence, these sayings capture different aspects of the human experience and the interplay between fate and human action. They serve as reminders of the unpredictable nature of life and the importance of both acceptance and proactive effort in navigating challenges and pursuing goals.

KYY sudah lari!

Posted by yewyin33 > 1 hour ago | Report Abuse

I sold all my KPP shares because of the Redeemable Convertible Preference Share (RCPS). Koon Yew Yin

If your religion told you your fate already predetermined by almighty god or you are born poor because of your karma and will remain poor for your whole life.

Will you just resigned to your fate or have the courage to change your fate by working double hard?

By the way the explaination of huge receivables as retention money for completed project/projects is as fake as Serba receivables.

Has Jaks management know about Bank Guarantee facility designated for issuing performance guarantees.

Jaks has cashflow problem and now can only get cash from either PP or RI for bank repayment and working capital.

So where jaks going to get the money to undertake any project?
Meanwhile LTIP coming to reward ALP for signing MOU

India still many extreme poverty but their crazy super rich just have a out of this world wedding.

Is india poor because of lazy poor or due to other factor?

Dear IR,

First and foremost please convey my thanks to the BOD, External Auditor and Company secretary for answering all my send in advance AGM questions.

I had below follow up clarification on the answers given by the External Auditor and BOD. Please send a copy to them for them to prepare the clarification.

Referring Appendix 2 to the Minutes of the 7th AGM ISSUES RAISED BY THE SHAREHOLDERS

Question 4: External Auditor please explain the different FYE 2022 current lease liabilities is RM4,340,844,000 in FYE 2023 why total amount (lease) recognised in profit or loss: RM 2,445,438,000. Payment of lease liabilities in cash flow: RM (2,045,816,000)?

Answer: The FY2022 current lease liabilities include unpaid outstanding lease.
The cash flow in FY2023 represents the actual amount paid by the Group.
The Profit and Loss items relate to interest on lease, depreciation on Right of Use assets and short term lease expense

Question 5: External Auditor what it means by included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million?

Answer: This pertains to the outstanding amounts of lease rental due and payable owing to the lessors that remained unsettled as at 31 December 2023

Question 9: External Auditor, from Sales in advance: RM 2,025,298,000, Proceeds from borrowings: RM 1,273,030,000 yet the Group only managed payment of lease liabilities: RM 2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM 4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?

Answer: For the due and payable lease payments for FY2022 and prior year, the amount is recorded within trade and other payables in FY2023


Follow up clarification

Question: External auditor, are the answers given on above implied as long as lessors agreed to roll over unpaid lease payment due then the income statement (P&L) accounting recognised only RM 2,445,438,000 (interest on lease, depreciation on Right of Use assets and short term lease expense) instead of the full amount Financial Year Ended 2022 current lease liabilities of RM 4,340,844,000?

Question: Isn’t that distorted the financial income statement and the profit/(loss) for Financial Year Ended 2023?

Do you know what you so called Cashflow had been positive is not even enough to pay the lease payment due?

Cash flow is positive?

Page 12 of Financial Report: External Auditor Going Concern
Assessment:
Quote, “The group and the Company reported net operating cash flow of RM1,413 million and RM72 million respectively. As at 31 December 2023, the group current liabilities exceed its current assets by RM12,699 million. In addition, as at 31 December 2023, the Group reported a negative shareholders’ funds of RM8,762 million.” unquote

External Auditor if total cash outflows for leases RM2,045 million
under financing activities is moved back to previously recorded within
net cash flow from operating activities what will be FYE2023 net operating cash flow?

Answer:The impact will be the reduction of cash flow from operating activities of the same amount.

Not all traders are high risk, high reward gambler.

Market/stock will undergo a particular cycle depend on internal and external factor. You just need to study these factors and make use of these factors to make a profitable trade.

Example:
Pmetal, aluminum price trend.
Serba internal fraud cut lose.
Glove sudden overcapacity from China and covid at tail end cut win/lose

Beside cut lose must also learn when to take profit.

https://tradingeconomics.com/commodity/aluminum
Aluminum futures plummeted to $2,380 per tonne in July, the lowest in over three months, and tracking the aggressive selloff for other base metals as their poor demand outlook was magnified by ample supply from China. Rainfall in the Chinese production hub of Yunnan improved the availability of hydropower and allowed smelters to bring back idled capacity. The developments erased earlier concerns that dryer weather would prevent producers from normal operation, lifting primary aluminum output in China by 6.2% annually in June to 3.76 million tonnes, the highest since November 2014. In the meantime, a batch of economic data suggested that domestic demand for factory goods in China remained at muted levels. The domestically focused NBS manufacturing PMI pointed to back-to-back contractions in June, and a 109% surge in exports of alumina during the period showed that manufacturers were forced to turn to export markets for sales.


What will happen to Pmetal price if aluminum drop to below USD 2,000 or to USD 1,500?

It is always good to take some money off the table.

By the way Pmetal or MSC you need to monitor the Aluminium and Tin price movement to know what will be they profit look like and hence their price movement

Very often many Buffett wannable like to quote Buffett rule no 1 never lose money as a way to find faults on those short or middle term investors as they only believe you need to hold shares for life in order to gain the full potential.

You can check with TheContrarian how he make 4X on Insas by following the rule buy when everyone is selling and sell when everyone is buying.

In bursa even you did not invest in warrant but if you hold Serba and many others that got delisted it is still 100% loss. So the first rule everyone must learn is to cut lose when you have make a mistake for buying that share at the first place.

17/07/2024 3.45 3.37 - 3.45 3.37 -0.08 (2.32%) 123,800

CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED 17-Jul-2024 Disposed 118,300 0.000 View Detail

What is TTB talk about should the present large foreign investors allow the stock price of icapital.biz Bhd to trade without any interference, then, the discount of your Fund will disappear at a faster pace and its stock price will then be able to trade at a rational level earlier than otherwise?

When the reality is foreign investors sold 118,300 shares, icapital drop by 8 cent.

When will TTB start to buy icapital?

By the way who said jaks TA 18 floor is the bottom floor and trapped himself in jaks for more than a year despite promoting jaks non-stop 24/7/365?

My take on Jaks' FA and TA

Jaks FA all this while is very bad with cash flow problem make worst by incompetent management losing money non-stop in every project undertake in Malaysia and non-end yearly impairment loss on receivables (except Vietnam JHDP JV).

As of TA, it depend on how insiders and syndicate want to play the pump and dump game. So make sure you are not the one holding the dead cat when the music/pumping stop.

Who is the Cindy Kate TheContrarian mention about?
By the way I am still waiting to collect Insas below RM1.00

Mike-tikus balls shrink when jaks drop to 12 cents and he dare not average down.

The last time his punya pasar malam TA reader told him jaks 18 floor is the bottom floor so he all in from 18 till 24 and trapped himself for more than a year.

This time his TA told him: 👉Haha at Least from RM 0.185 Up to RM 0.225 within 2 month , then From RM 0.195 Up to RM 0.245 in 2 months …

This time round is he trying to dump his share at RM 0.245?
Any volunteer to be his suiyee sucker billis?

常成控股（JTIASA，4383，主板种植股）闭市时报收1.13令吉，按日涨2.0仙或1.80%。

常成控股的日线图开始横摆及出现买压，呈现反弹形态。它的日线相对强度指数（RSI）处于52.25的位置。

它的股价形或在短期内突破及上探1.28至1.32令吉的阻力水平，而支撑水平处于1.07至1.11令吉的位置

So far already converted 900 million RCPS to 180 million KPPROP share. Still got balance 1,718,054,651 RCPS.

Last time Mike-tikus punya pasar malam TA reader told him jaks 18 floor is the bottom floor so he all in from 18 till 24 but then price plunge thro' 18 foor to new low of 12 floor.

Jaks FA all this while is very bad with cash flow problem make worst by incompetent management losing money non-stop in every project undertake in Malaysia (except Vietnam JHDP JV).

As of TA, it depend on how insiders and syndicate want to play the pump and dump game. So make sure you are not the one holding the dead cat when the music/pumping stop.

Last year news of LSS4 COD and addition 10% JHDP option push up share price to 0.245 on 1/9/2023.
This year no addition 10% JHDP + LSS4 hardly make any money.

Can Mike-tikus work harder on LSS5 500MW to push the price?

Jaks is badly managed company with Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon.

Come Q4 will be another big impairment losses on trade and other receivables. So remember to sell before Q4 result out.

Jaks was and still a pump and dump stock during KYY time till......
At least KYY pump to get a good PP price for jaks but nowaday only dump for PP subscribers to buy low and then pump for PP subscribers to sell their PP share high.

Anyway with NOSH: 2,607 Million and growing every year.
How high can syndicate pump?

M & A EQUITY HOLDINGS BERHAD(formerly known as SYF RESOURCES BERHAD)
Co. No. 199501035170 (364372-H)
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the Quarter Ended 31 March 2024
(The figures have not been audited)
RM '000
Revenue 13,066
Cost of Sales (9)
Other Operating Expense (17,168)
Other Operating Income 11,035
Profit from Operations 6,924

Also tell us what is other operation incomes in M&A quarterly report?

Dunmbass Mike-tikus go and read M&A quarterly report and come back and tell us what is Other Operating Expenses in M&A financial report?

Insas RI benefited the shareholders.

Jaks PP and RI at lower and lowest price only benefited who?
And the massive dilution causing value destruction till minority shareholders can only cry till no tear.

By the way jaks every RI and PP will be follow by LTIP free grant that only benefited ALP.

Is the jaks price movement due to PP subscribers and insiders working hand in hand to manipulate price to their advantage?

Did anyone ask BOD to explain why:

Total Share of Profit in JHDP RM 431.703 Million but Total Dividend so far only RM 97.386 Million?

Is JHDP having cash flow problem and thus unable to give better dividend?

Warchest did the BOD address on why jaks did not take up the addition 10% JHDP option?

War is cruelty, and you cannot refine it; and those who brought war into our world deserve all the curses and maledictions a people can pour out.

Who is Cindy Kate?

Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon.

What above tell you about jaks management?

Mike-tikus is a conman and a low IQ conman, his lies and intentional misinformation is so easy for people to see through and he is still very proud of his lies/slander/intentional misinformation.

Know how ALP got below Jaks shares?

Name
Details of Changes
View
Date
Type
No. of Shares
Price
MR ANG LAM POAH 10-Jul-2023 Others 42,300,000 - View Detail
MR ANG LAM POAH 19-Sep-2022 Others 27,000,000 - View Detail
MR ANG LAM POAH 08-Oct-2020 Others 15,000,000 0.855 View Detail
MR ANG LAM POAH 08-Feb-2019 Others 25,164,960 - View Detail

Question: Please provide the status of each ongoing legal case.

Answer: The latest status of the legal dispute between Star Media Group Bhd and JAKS Resources Bhd over a land development in Section 13, Petaling Jaya, has been sent back to the High Court for trial. The Federal Court dismissed Star Media’s appeal against the 2021 Court of Appeal decision, which reversed a 2020 High Court summary judgment. The trial is scheduled for August 25, 2025, and Star Media must pay RM150,000 in costs to JAKS Resources.

Notwithstanding the above, we hope to settle the case amicably out of court.

On behalf of the Board of Directors of the Company (“Board”), RHB Investment Bank Berhad wishes to announce that the Company had on 9 July 2024 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) to vary its application for an extension of time until 31 December 2024 for the Company to submit its regularisation plan to Bursa Securities. Notwithstanding that, the Board wishes to highlight that the Board endeavours to submit a regularisation plan to Bursa Securities by 30 August 2024 and that the Company together with its advisers are working closely to achieve the target submission date. For clarity, the Company has applied for additional time to submit its regularisation plan to cater for any contingencies that may cause a delay in the submission of its regularisation plan beyond the targeted submission date.


This announcement is dated 9 July 2024.

Stock [JTIASA]: JAYA TIASA HOLDINGS BHD
Announcement Date 12-Jul-2024
Reference No CS2-12072024-00007
Substantial Shareholder's Particular:
Name GENINE CHAIN LIMITED
Details of Changes:
Currency -
Date of Change Type Number of Shares
09-Jul-2024 Disposed 48,700
Registered Name Genine Chain Limited
Nature of Interest Direct Interest
Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Disposal through open market
Total no of securities after change
Direct (units) 60,746,264
Direct (%) 6.28
Indirect (units) 0
Indirect (%) 0.00
Total (units) 60,746,264
Total (%) 6.28
Date of Notice 12-Jul-2024

Is someone with 6.28% considered as major shareholder?

At 21th AGM
Question: Please provide an update on the status of subscribing the additional 10% stake in JHDP. Is JRB planning for a cash call (right issue) to subscribe the additional 10% of JHDP?

Answer: We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms

Jaks
1.) Vietnam Power Plant Share of Profit n Dividends :
2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )

2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .

2022 : RM 156.2 million , Dividend RM 70.0 million

2023 : RM 131 million , Dividend RM 27.385 million

Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.386 Million

JHDP is very profitable and yet Jaks did not exercise the 10% option as promised during 2022 and 2023 AGM. Why????

Is insider same as substantial shareholder (holder with more than 5%)?

My three children all graduate from SJK(C) and me included all can speak fluent Bahasa Malaysia.

SJK(C) is not the problem as more and more non chinese are sending their children to SJK(C)

Posted by godhand > 40 minutes ago |
ss lee still holding jtiasa?

Yes still holding Jtiasa. Expect quarter end 30/6/2024 result should be better than last quarter and with dividend.

If CPO price can hold above RM 3,900, I expect Jtiasa price to test the 52 weeks high of RM 1.53 by year end.

Anyone hold BOD accountable, responsible and answerable to what BOD promised on the addition 10% JHDP in the 21th AGM?

At 21th AGM
Question: Please provide an update on the status of subscribing the additional 10% stake in JHDP. Is JRB planning for a cash call (right issue) to subscribe the additional 10% of JHDP?

Answer: We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.


At 22th AGM
Question: Purchase progress of additional 10% in Jaks Hai duong?

Answer: The option to exercise the purchase of additional 10% shareholdings in JHDP has expired. The main objective for the Group is to focus on our core businesses, mainly Construction and Power & Energy

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).

AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).


Full borrowing for 50MW LSS4.
Any bank dare to lend more money to jaks for LSS5 500MW?

So not one take responsibility, accountability and answerable to total net impairment of RM153.5 millon receivables for the past 5 years?

Can expect more to come?

According to GTM Research, 1 MW solar farms require 6–8 acres to accommodate all the necessary infrastructure and space between panel rows

A 500 MW need how many acres?

Only plantation and big utilities companies stand a chance for a 500MW solar project.

Anyhow jaks can dream on.

The option to exercise the purchase of additional 10% shareholdings in JHDP has expired. The main objective for the Group is to focus on our core businesses, mainly Construction and Power & Energy.

We intend to bid up to 500MW for the upcoming LSS5, partnering a renowned global player in the power generation industry. CAPEX numbers are still being finalised at this juncture.

Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon. For the written-off of receivables please refer to reply 1.1. For the basis of trade receivables impairment please refer to 1.2 and 1.2.2.

All the material related party transactions are diclosed in note 35 (b) to the financial statement. During our course of audit, we are not aware of other related party transactions