https://klse.i3investor.com/blogs/koonyewyinblog/136761.jsp
My Proposal for the Board of JAKS - Koon Yew Yin

The value of IPP 40% stake net profit RM80m per annum is huge! For example, look at MRCB-QUILL REIT, market cap 1.4b, net profit in 2016 was only RM59m.... How much worth of 40% of IPP in Vietnam do you think?

Just my humble guess: The Chinese banks finance 75% of the project, leaving 25% for the Jaks & CPECC. Now for this JV, Jaks has 30% stake. The 25% portion of equity financed by CPECC & Jaks is RM2.01b (Jaks 30% is RM603m). The rest 75% financed by banks is RM6.03b. Total project cost is 2.01b + 6.03b = RM8.04b. Remember Jaks will receive RM1.809b after the construction finished in 2020, so this RM1.809b will use to pay the 75% loan portion of Jaks. The remaining cost for Jaks is RM603m, which will take 8+ years to settle...

The trick here is how do you calculate the cost of IPP for Jaks? KYY said: "Jaks does not need capital to undertake the Rm 7.76 billion contract with a profit guarantee from Chinese Government control Banks." He also wrote: "The profit of about RM400 mil for JAKS will flow back into the JV company to fund JAKS’ equity portion. In other words, JAKS only needs to fork out RM203mil to own a 30% stake in the power plant." Hence, the cost for Jaks is 400m + 203m = 603m. Perhaps Mr. Ang was talking about this RM603m as the cost of 30% (not 40% yet) equity portion, need 8+ years to break even. I want to be conservative, so 603m / 8.5 years = about RM71m per year... As for the sales from this IPP, assuming taken the option to increase to 40% stake, should be in the range of RM400m to RM600m per year....

I believe the recurring income per annum is not fixed. Like properties rentals, it is going to be adjusted year after year, depends on the power purchase agreement.

But even if only RM80m, it is still a very big leap for the profit growth. And it is stable recurring income, for 25 years...

I think the profit margin of IPP power sales is about 10%

http://www.theedgemarkets.com/article/higher-construction-profit-expected-jaks-2hfy17
Higher construction profit expected for Jaks in 2HFY17

I calculated the IPP 40% net profit, should be in the range of RM80m to 100m...

http://www.sohu.com/a/163742451_687313
4台泵车、200人次，历经56小时昼夜奋战，越南公司拿下电厂施工首役

http://www.apcc2.ceec.net.cn/art/2017/8/3/art_8427_1437406.html
越南海阳2×600MW燃煤电厂烟囱基础顺利完成浇筑

bear_hunt: Impossible la..... Mr. Ang wants to turn Jaks into YTL (market cap RM15b), and he's still young, below 50.

RM1.47 still cheap!

I missed CAB badly. From Oct 2011 to present Oct 2017 (6 years time), return is 1153%! Hopefully in 2023 Jaks will give us this type of return!

https://www.youtube.com/watch?v=xkH-vR2IR_E
"Stock market for beginners" - Advice by Warren Buffet

rogers123: Nope. If say Jaks really perform very very well in the future, 25 years of BIG cash coming in, EVERY SHAREHOLDERS will be benefited. Perhaps after Jaks turned net cash, dividend will be given out?

USD530m is super optimistic la.... Equal to RM2.2b, 40% = RM896m!

RM1.43 still damn cheap. If I'm CEO, I would do company share buy back.

These are the early beginning light refreshments only.... Hold until end of next year... bigger and higher meals every year...

https://web.facebook.com/519383711598916/videos/649174728619813/
讲股之·～JAKS皇冠上的珠宝？

https://www.youtube.com/watch?v=9oXcvT8v6DI
冷眼在 NTV7 的分享

https://klse.i3investor.com/blogs/general/134913.jsp

https://klse.i3investor.com/blogs/general/134619.jsp
Hold Jaks tightly.

https://klse.i3investor.com/blogs/general/134619.jsp

https://klse.i3investor.com/blogs/general/134549.jsp

https://klse.i3investor.com/blogs/general/134549.jsp

https://klse.i3investor.com/blogs/general/134549.jsp

https://www.youtube.com/watch?v=3a7aeammsVw
Jaks AGM

https://klse.i3investor.com/blogs/general/134298.jsp
Long-term investing: Reaping the big scores (a case study of a listed closed-end fund on Digi.com)

https://klse.i3investor.com/blogs/general/134298.jsp

DK66 & tksw: I don't give a damn to those weak share holders (borrowed money, use backup money to buy shares). Stay at 1.27 is good, so that people can buy cheap. We the strong holders can buy cheap using FREE CASH now and hold. Wait until the IPP construction completed in 2020, you think you can still buy @ 1.27? Only God knows the future price then.

DK66: k

https://klse.i3investor.com/blogs/gem/134103.jsp

Berkshire Hathaway Inc. Class A was $5735 in 1990, and $11750 in 1992. Now if you bought the share in 1992 @ $11750 then it seems like you bought high and chase high (2 years back then was $5735). But now in 2017 it is $274,770, you still making a lot of money. Hence, for those who bought Jaks @ RM1.27 might look like buying high because it was RM0.38 in December 2014. But if Jaks rise to RM13 in the future, we can still make a lot of money.

In the early days of Berkshire Hathaway, some of the share holders also had a negative view upon the future of Berkshire Hathaway and sold their shares back to Warren Buffett. Needless to say Warren Buffett kept buying all those shares at a VERY LOW prices. Now the CEO of Jaks (ANG LAM POAH) is doing the same thing. He started to buy the shares of Jaks from 2007 to 2017, accumulating from 6.73% to 8.84%.

MR ANG LAM POAH bought 230,000 Jaks @ 1.59 on 19-Apr-2017, is he stupid?

History keeps repeating. Remember last year Maybank RM7.5 and people said no hope for GLC big bank. Now Maybank RM9.8. Don't regret when Jaks shoot to RM1.8.

Don't underestimate how deep KYY pocket is.... He got tons to sell, like HengYuan, Canone, Favco, Chin Well, Flbhd, Tguan, warrants and etc...

Reminded me of those fools who sold Jaks @ RM0.38++ in December 2014.

https://www.youtube.com/watch?v=SejOCexpauc
Pacific Star @ Section 13

https://www.youtube.com/watch?v=3C88a5dwpk8
Evolve Concept Mall - Change You Can See

https://klse.i3investor.com/servlets/stk/annchdr/4723.jsp
CEO buying

I bet not many people noticed that the total borrowing of Jaks was smaller in last quarter. Jaks has huge assets, easy to secure loan if there is a need in the future.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5168573
The Board of Directors of JAKS Resources Berhad (“JAKS” or the “Company”) is pleased to announce that its wholly owned subsidiary, JAKS Sdn Bhd has on 4 August 2016 received the Offer Letter to undertake and complete the Package CB3 construction and completion of mainline and other associated works from CH. 16700 to CH. 19400 of the elevated SUKE expressway for a contract sum of RM508.5 million only (“the Contract”) from Turnpike Synergy Sdn Bhd.

Proverbs 21:5 The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.

The IPP and the coming IPPs...

tehka: Sendai is a mid-term play, hold for 3 years 99% profitable.

tksw: I challenge you to write an article to promote ONE stock, just one is enough.

coldinvestor: Now is not too late to buy back.

I don't set a TP for Jaks, because the potential upside is huge, Jaks is a company you should hold for life.