bought back carimin at 70-70.5sen

bought back dayang at 1.43-1.44

sold back naim at 74.5sen

sold back carimin at 68-69sen

sold back dayang at 1.40

bought back naim at 72-72.5sen

bought dayang at 1.27-1.29

bought back carimin at 65-65.5sen

sold back vs at 1.10

sold back naim at 73.5sen

sold back carimin at 67.5-68en

sold back uzma at 51.5sen

sold back dayang at 1.32-1.33

bought VS at 1.07-1.08

bought naim at 71.5sen

bought back at 1.25

bought uzma at 48sen

bought carimin at 65sen

Thanks maxprofit2020 for sharing technical point of view. Sentiment supersede now.....

sold back at 2.65, cut loss

Yup, i cut loss first on cots 1.05-1.06. Will buyback on weakness later

sold back at 1.01-1.02, await to buyback on weakness

sold back dayang at 1.24

bought dayang at 1.17-1.18

sold back master at 1.14-1.15

Dear OTB

Await for your update information when you have golden chance to meet CEO jaks these week.

I expect jaks CEO must appreciate you and DK effort in increase awarance to the public that jaks is due to transform to concession company.

If possible request CEO to have updated corporate presentation in jaks website and engage more IB to have more analyst report. Thanks

Dear OTB

It bad market sentiment affect all stock across the bursa, there is NOTING change on Jaks underlying business today if compared to yesterday, or week or month ago. The power plant is on track to generate electricity.

It is knee jerk reaction over failure in opec and Russian concourses on oil cut. With current tumble oil due to that, both opec and Russian will have to again back to negotiation to avoid lose-lose situation.

I believe market will soon recover from these knee jerk as no oil country can afford oil tumbling (Suadi, Russain and shale oil producer in US) that will worsen their economy.

In regard to virus, China already successful contain the spread, now the new infected people already down to 2-digit number.

The success in China virus containment is utmost important to world, if compared to itali or Korean. US also have declare state emergency to use enforcement law to speed up containment.

Every country are cooperate and serious about virus containment. Worldwide scientist are on Lab to produce antiviral speedy, on human clinical trial before mass production in near future.

Thus, please stay calm and don blame others especially those recommended good stock in these forum with fact and figure, like DK66 and OTB, both have my high respect.

bought back master pack at 1.11

Dear OTB

Thanks for your reply. TA is look retrospective and often skew by short term market sentiment, but, FA is look prospectively, back by solid business, especially IPP with long profit visibility

Hi OTB, may i know when is your meeting date with Jaks CEO?

In regard to SMA, no doubt TA did play important part, but sometime there is exception right, the FA equally important especially in time of bearish market. The type of business exposure.

Power supply is DEFENSIVE business + double shielded with 25year consciousnesses ensure steady earning visibility is hallmark for jaks, a major transformation for jaks from volatile earning into cash generating business with extreme high earning marked up from IPP + strengthen USD + tax free.

Please take note, OTB will meet Jaks CEO these week. These is first hand 'insider' news on projected profit on IPP power.

Once, market realize these FACT, jaks share will recover VERY FAST as it is SAFE HEAVEN in time of bearish market. Power supply is essential and demanding business

Jaks power plant profit is REAL and STEADY over 25 year. This is UNLIKE Dayang which despite have big orderbook, but most of it depend on CALL OUT basis. If oil tumble, many of these conbtract can be delay or even no executed at all.

add more at 1.05

bought back jaks at 1.06

According to the scheduled, during initial operation which begin Dec 2019- Mar 2020, the WTF will start operation trial to obtain all parameter that meet power plant requirement efficiency, the generated electricity will connecting to TNB grid and feed in traffic will calibrate to meet TNB requirement.

After these initial operation to end by these month, the next is to start commercial operation next month in accord to power agreement sign with TNB for 25 year concession.

In short, Cypark is on RIGHT track on Green energy expansion. It capacity will further boosted when ADDITIONAL solar power plant 3 x 30 MW under LSS2, to be complete by Sept 2020, COD by Dec 2020 + newly secure 100 MW under LSS3, to be complete by sept 2021, COD by Dec 2021.

With such small capital size of cypark (share capital only 467m, capital size RM 524m) will growth exponentially begin these year 2020 onward to above RM 1 billion mark once re-rating assign by IB on long overdue laggard factor WTE to achieved COD next month + IPO listing to monetize on cypark renewal energy by end of these year.

Cypark have further secure another 100 MW under LSS3. Cypark management have already stated that it will issue another sukuk fund to fund these mega solar power plant.

Cypark also will opt sukuk fund to refinance its exiting conventional loan including earlier loan secure to fund 20 MW waste-to energy + loan secure to fund LSS1 which already achieved COD now. The sukuk fund is cheaper alternative to conventional loan, therefore allow cypark to save interest expense.

Cypark is also target to seek IPO listing on its renewal energy division. It have total 31 MW + new 20 MW waste to energy + LSS1 ( 3MW + 8 MW ) = 62 MW wholly own solar power + WTE power back by long term IPP concession 21 year for solar and 25 year for WTE.

Upon listing, cypark renewal energy total 62 MW will be the LARGEST green energy IPP in bursa, much much more higher than solarvest which only have few MW solar IPP

Cypark have secure EPCC and O&M in LSS2 to develop 3 x 30 MW solar power plant, with 2 design as floating solar power plant locate in NS dam. The total investment of these 3 x 30MW is RM 711m.

Cypark have issue sukuk worth RM 550 to partly fund these development. As the progress of the development have reach 36% prior to sukuk insurance, therefore, cypark need not further equity injection to complete the balance work on solar power plant as sukuk RM 550m cash proceed is enough to cover remaining fund requirement.

The delay in commecial operation on these waste to energy is main reason on why cypark under negative cash flow and need to look for private placement + ESOS + dividend reinvestment to raise up fund and conserve cash on capex.

Aside 20MW waste to energy power plant to reach COD next month. Cypark new solar plant under LSS1: 3 MW in jelebu + 8MW in LTM have both achieved COD in Dec 2019 and the profit should be recognized in coming Q result end of these month.

About the big receivable, it is NOT a concern as these receivables is due to cypark overdue 20MW waste-to energy power plant, which have been delay several time. Cypark already invest as much as RM 300m in the power plant and yet the commercial operation date yet to begin.

The cumulative receivables will ease off with net positive cash flow once these waste-to energy smart power plant begin operation.

These power plant have FULLY COMPLETED and now at initial operation testing till end of these month. During these initial operation, the power plant will start received its feed stock, the solid waste from NS municipal and cypark will CHARGE tipping fee RM3/tonne. The power plant is design to process 600tonne/day and can expanded up to 1000 tonne/day. The solid waste will the burn in incinerator in the power plant to generate heat energy, turbine running to generate electricity, then connect to TNB power grid to earn profit. Various parameter such as cold/hot testing at operation will calibrate till meet criteria to pave way for full commecial operation next month.

If everything satisfied, the commecial operation of waste-to-energy will begin next month and cypark is expect to derive at least RM 80m revenue annually. The gross profit margin of these green energy plant is very high > 40% as it derive dual income, tipping fees + electricity fees.

The stronger USD is great beneficial to GENM due to large USD denominated assets.

GENM share price already bashed down significantly, further downside risk is limited. The current share price is firmly supported by annual 20sen dividend, yield 7.3%, much higher than FD.

The coming special dividend 9sen and next month 5sen final dividend already give rise to 5% yield. The opening outdoor theme park in 2H 2020 will further cushion impact.

Special dividend 9sen + final dividend 5sen

bought GENM at 2.75

sold back jaks at 1.28-1.30

sold back all master at 1.70

Thanks OTB, please present DK66 hard work to Jaks CEO during meeting and update the outcome here. Thank you very much.

The share capital 50m still have to take into account major shareholder, Yayasan bumiputra 30% + another major shareholder 10%, therefore, only 60% share are free float or 30m share volume. based on today and last 2 volume lump together all about 30m share too. Therefore, the entire free float volume 30m share have EXCHANGE hand now, further downside risk is LIMITED.

Please take note, matser-pack total share capital only 50m, but today have 17m or 30% volume exchange hand already. therefore, further downside risk is limited.