Wistron, major shareholder for FPI have now a key supplier component to Apple. More order will derive up FPI sale, higher EPS, Higher dividend (12sen) is expected

https://www.thestar.com.my/tech/tech-news/2020/02/03/apple-supplier-wistron-to-assemble-key-iphone-component-in-new-india-plant-sources-say

bought back all mudajaya at 51sen

add KPS at 56.5-57sen

sold back mudajaya at 52sen

Mudajaya have fully written off in previous quarter result of all its investment worth more than RM 400m in RKM power plant. Now with recommencement power plant, any profit and cash flow generated will be net surplus to mudajaya.

Aside coal power plant in india, mudajaya also own 2 solar Ipp in malaysia with capacity 10 MW and 49 MW, both with 21 year concenssion.

I have check annual report that hohup book value for Pavillion mall land is RM 80m. Hohup divest for RM 266m, will give rise to gain RM 186m. Even take into account additional cost to compensate zen court for RM 63m, hohup still nett off with gain RM 123m, about 30sen/share gain to recognized in coming Q4 result.

Accumulate more Mudajaya at 49sen

bought back mudajaya at 49.5sen

bought FPI at 1.58

sold back at 50-50.5sen

bought back hohup at 47-47.5sen

bought Mudajaya at 49-50sen

Portfolio cut position in jaks, sold at 1.33, await to buyback again on weakness

It is NO LOGIC and non rationale at all for Jaks to call any fund raising in view of most of jaks commitment have already fully meet (star pacific, evolve mall) and at tail end of completion (power plant).

Next month, unit 1 already start operation, jaks long waited power plant will begin generate positive cash flow.

Dear DK66

What are rationale for Jaks management to have previous 3 private placement + warrant ? If read through all rationale, most of the fund raise are to meet star Pacific project completion + evolve mall + fund to cover additional cost in power plant + new investment in solar power.

Now, justified again jaks current situation
1. Power plant for unit 1 already FULLY completed
2. Power plant unit 2 is 95% completed.
3. Jaks 51% Star Pacific project also FULLY completed (pending CCC for residence bloc)
4. Jaks 51% Start Pacific office bloc, mall and car park already issue CCC and tenant in move in condition.
5. Jaks 51% Evolve mall already operational breakeven with improved occupancy rate 85%
6. There is option to increase further 10% stake in power plant ownership from current 30% to 40%, BUT, jaks have given 3 year time frame to exercise these option after power start operation. The profit derive from 30% stake already give rise to TAX FREE cash flow RM 250m pa, more than sufficient to cover any fund needed.

Do you think Jaks still need to raise fund again from shareholder?

Alike any other utilities stock, YTLP, malakroff, Tenaga etc, debt is very common practice in balance sheet. jaks current debt to cash ratio will improved markedly once cash flow from power profit start contributing as soon next month

After wuhan virus panic ease off, there is another fear factor created: right issue or private placement again.

Please take note factual here

1. Power plant for unit 1 already FULLY completed
2. Power plant unit 2 is 95% completed.
3. Jaks 51% Star Pacific project also FULLY completed (pending CCC for residence bloc)
4. Jaks 51% Start Pacific office bloc, mall and car park already issue CCC and tenant in move in condition.
5. Jaks 51% Evolve mall already operational breakeven with improved occupancy rate 85%
6. There is option to increase further 10% stake in power plant ownership from current 30% to 40%, BUT, jaks have given 3 year time frame to exercise these option after power start operation. The profit derive from 30% stake already give rise to TAX FREE cash flow RM 250m pa, more than sufficient to cover any fund needed.

In summary, based on current jaks 30% stake with RM 250m profit yearly from Mar 2020 onward is FAR MORE than enough to cover any future fund raising

Hope to breakout RM 1.50 level, resume establishing uptrend line toward end Feb, before start selling electricity profit begin next month Mar 2020. Stay full invested

As long as there is available treatment for wuhan infected patients, all panic will DISAPPEAR and market worldwide will rebound STRONGLY.

Jaks will continue recover back and to share price to marked up significantly alike MFCB ahead of OFFICIAL generate electricity NEXT MONTH Mar 2020.

Stay full invested in Jaks which is my largest stake in portfolio, awaiting for power profit to recognized in jaks EPS and due re-rating valuation on jaks very soon.

Thailand doctor successfully treated wuhan virus with HIV drug

https://economictimes.indiatimes.com/news/international/world-news/thailand-sees-apparent-success-treating-virus-with-drug-cocktail/articleshow/73879572.cms

Why suddenly wuhan fear no more ?

Because the more we understand the the factural on mortality rate on wuhan virus < 2%, the clearer picture market can absorb.

In additional, China health authorities have come up 3 new drug treatment that can inhibit wuhan virus, but more clinical trial still needed to prove successful rate

Rebound with Huge volume, very good sign on sustain recovery

Next month, Jaks power profit will kick in......... Game Changer have arrive for jaks, stay full invested

JAKS, well done !!! continue recoverring

Recovering

https://www.marketwatch.com/story/china-to-inject-173-billion-into-economy-to-cushion-expected-stock-shock-2020-02-02

Bad sentiment like panic, stress will affect immune system ability to fight off antigens. Please stay healthy with high rich vitamin, adopt open minded and optimistic. Wish all uninfected and infected wuhan virus In china and flu virus in US improve self immune system to fight back virus.

Please to adopt similar mindset when invest in stock market too to avoid unnecessary element such as rumor, hearsay, hatred forum-er, such viscous cycle contribute nil to i3

Many western media like to overstate the dangerous of wuhan virus and create marked panic worldwide. But the factual is, US flue virus kill more than 10,000 people have died and 180,000 people have been hospitalized during the 2019-2020 flu season. There is NO media coverage to create ban to entry US and is only getting more detail recently to compared with wuhan virus.

The Bad publicity create by western media against China is well know fact, and these opportunist is capitalize again by wealthy investor and capitalist to massive buy on weakness and marked up their wealth later when information is getting clearer later.

No doubt, wuhan virus is spreading, but just alike flu, it infected people. BUT, the MOST important concern is mortality rate very low, < 2%. Many healthy infected people will develop own immune system to fight back virus. However, it complicated if people already have exiting underlying disease which compromise own immune system.

Just alike many virus infection like dengue, there is NO effective antiviral treatment yet even dengue kill thousand of people yearly. Most medical treatment focus on mediation on the impact on virus to improve patient own immune system to develop over time and to self-cure.

Apparently, market panic have easing and many rushing to buy back again.

Steady Power profit for next 25 year concession is KEY game changer for jaks, much alike previous YTLP when awarded first IPP lucrative concession 20 year ago.

It mean, Jaks will record massive improvement in EPS and these EPS is sustainable for next 25 year.

Many panic selloff, but the power profit will start recognized as sson as next month.

The power concession is BEST business model in time of uncertainty. Stay full invested in jaks which is my biggest stake holding.

Added last batch jaks at 1.25

There is NO any other business model better than power concession in time of bearish market.

With Wuhan virus, many more manufacturer will even urgently shifted their plant to Vietnam and electricity demand in Vietnam will in great need now. The loading of electricity capacity will be at high range to sell as much electricity as possible to meet increasing demand.

With time to commecial operation of unit 1 by Mar 2020 is OFFICIALLY endorse by Group General Manager now, Jaks can as soon as in Q1 2020 to recognized maiden power profit from unit 1.

Time to commecial operation of unit 1 by Mar 2020 is OFFICIALLY endorse by Group General Manager now

据集团总经理报告，该厂已完成1号厂房，预计投产约3/2020个月。2号工程已基本完成95%的工作，计划于2020年10月投入运行。为了热电厂投入运行

add more at 1.28

Thanks for another update, now the unit 1 confirm operation by mar 2020

http://tinhuyhaiduong.vn/news/Pages/new.aspx?ItemID=1749

bought back Jaks at 1.27

Add vstec at 1.16-1.17

Agreed, paramount special dividend + final dividend remain very attractive in current bearish market. Accumulating back before special dividend declare

DK66

Hai Duong is 越南海阳 not 越南沿海.....Oh my mistake, i thought the link is refer to Hai Duong.

Cut position

根据越南沿海项目EPC里程碑进度计划，2020年底将实现1号机组投产，输煤系统及附属工程必须全面加快施工。面对点多面广、进度压力巨大、资源投入多、交叉作业多等局面，项目部坚持加强本质化安全，落实工艺质量管控，加大资源组织协调，全面组织各区域、系统春节连班加快施工进度，确保项目履约....

It seem the commecial operation will not commence so soon on Mar, but should be on second half of 2020.

Stay sideline first, enough profit today, see how next week before re-enter back again.

Rebound trend reverse, awaiting to buyback on weakness

sold back some paramount at 1.42-1.43

sold back again at 12.14-12.16

bought back at 11.80

awaiting to buyback on weakness