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2020-03-16 13:03 | Report Abuse
maxprofit2020
Thanks, I now keep almost all cash in portfolio.
2020-03-14 16:22 | Report Abuse
Dear OTB
If possible, explain to Mr Koon, with power plant ready for COD soon and tumbling oil price. The odds for Jaks to double its share price from 83sen to > 1.60 is much higher than Dayang to rebound back from 1.26 to > RM 2.50 within 3-6 month time.
After all, you have helping Mr Koon many time previously, kindly lend your good hand again to Mr Koon. Our society still need Mr Koon, a charity man and sponsor scholarship to those needed.
2020-03-14 16:05 | Report Abuse
Dear OTB
Glad to hear you have busy time to buy more Jaks at current level. Perhaps you should advice too to MR Koon to take these opportunity to buy back Jaks instead of keeping Dayang. These is on the fact that Jaks will post increasing profit trend when power plant profit start recorded, whereas, Dayang will post decreasing profit trend as tumble crude oil already force oil company to scale back upstream capex significantly to conserve cash. Many of the oil service maintenance are on call out basis, once oil company cut capex, less service require from Dayang. The low oil price likely will persist for prolong time due to travel ban.
2020-03-13 10:31 | Report Abuse
Stay calm now, already fully invested. lets market readjust itself.
Jaks business is concession type of power generation in high growth Vietnam. Nothing wrong buy beaten down defensive business in time of bearish market.
2020-03-13 09:14 | Report Abuse
These is last capital i have, all in jaks today.......
2020-03-12 16:54 | Report Abuse
sold back carimin at 52-52.5sen
2020-03-12 15:46 | Report Abuse
bought back carimin at 50.5sen
2020-03-12 12:37 | Report Abuse
Dear OTB
Thanks for your update with Jaks management. The Jaks power plant specification is higher than Hai Duong power plant even have higher spec than Vinh Tan 1. A suggestion to use the earning of Vinh Tan 1 to project the earning of Hai Duong power plant.
So, based on DK66 analysis on Vinh Tan 1 power current earning, the upcoming jaks profit is realistically materialize begin in next 1-2 month when IPP start COD.
Vinh Tan 1 is 55% owned by China Southern Power Grid. The PATNCI of China Southern Power Grid for 9 months ended 30th Sept 2019 was RMB 1,127m ( 9 months 2018 : RMB754m)
The PATNCI of China Southern Power Grid for 2018 which is attributable to Vinh Tan 1 was RMB56m
Calculation
Increase = RMB 1,127m - RMB 754m = RMB373m
Prorate to 12 Months = RMB373m/9 x 12 = RMB497m
Add 2018 PATNCI = RMB497m + RMB56m = RMB553m
100% Vinh Tan 1 PAT = RMB553 / 45% = RMB1,230m
At 7 USD/RMB Ex Rate = RMB1,230m / 7 = USD176m
At 4.2 USD/RM Ex Rate = USD176m x 4.2 = RM738m
Conclusion
Vinh Tan 1 has proven that power plants under BOT contracts in Vietnam are highly profitable.
For Jaks,
@30% sharing = RM221m = EPS RM 0.34
@40% sharing = RM295m = EPS RM 0.45
Hence, 10 times PE values Jaks between RM3.40 to RM4.50 and 15 times PE values Jaks between RM5.10 to RM6.75
2020-03-12 10:10 | Report Abuse
cut dayang at 1.21-1.23
2020-03-11 16:19 | Report Abuse
bought back hibicus at 43.5sen
2020-03-11 16:18 | Report Abuse
bought back carimin at 64-65sen
2020-03-11 16:18 | Report Abuse
bought back dayang at 1.31
2020-03-11 15:00 | Report Abuse
sold balance paramount at 1.34
2020-03-11 14:51 | Report Abuse
cut all at 1.38-1.39
2020-03-11 13:19 | Report Abuse
add hibiscus at 46.5sen to average down cost
2020-03-11 11:38 | Report Abuse
add more dayang at 1.40
2020-03-11 10:56 | Report Abuse
bought hibicus at 47.5-48sen
2020-03-11 10:56 | Report Abuse
bought back carimin at 70-70.5sen
2020-03-11 10:55 | Report Abuse
bought back dayang at 1.43-1.44
2020-03-11 09:35 | Report Abuse
sold back carimin at 68-69sen
2020-03-11 09:35 | Report Abuse
sold back dayang at 1.40
2020-03-10 17:00 | Report Abuse
bought dayang at 1.27-1.29
2020-03-10 16:45 | Report Abuse
bought back carimin at 65-65.5sen
2020-03-10 15:14 | Report Abuse
sold back carimin at 67.5-68en
2020-03-10 15:12 | Report Abuse
sold back dayang at 1.32-1.33
2020-03-10 11:33 | Report Abuse
Thanks maxprofit2020 for sharing technical point of view. Sentiment supersede now.....
Stock: [JAKS]: JAKS RESOURCES BERHAD
2020-03-16 16:45 | Report Abuse
Portfolio return back all to jaks