DK66 & Icon:- Thanks abunch!

DK66:- Just ignore the clowns in the forum who throw false accusations at you. I completely agree with OTB that you're a true gentleman who provides solid fundamental analysis to back up your claims that JAKS is a good buy. Just stay focus and look forward to JAKS hitting our price targets! Cheers!

DK66:- Thanks for the 2 articles! Cheers and god bless!

DK66:- Would be grateful if you could summarize in a nutshell what the article says for the benefit of those who can't read Chinese..thanks

DK66:- Checkout this video..awesome

https://www.youtube.com/watch?v=CkrNtbtFev4

DK66:- One of the telltale signs that the bear market has ended is when the market rallies on extremely bad news. When the DJIA soared on the day it was announced that millions of Americans lost their jobs and the number of unemployment claims had risen to a record high, I already knew that the bear market was almost over and the bull market is just around the corner..

DK66:- Adam backs up his beliefs and his claims with reliable, accurate historical data. It's very enlightening to watch his video!

DK66:- When the DJIA soared on the day it was announced that millions of Americans lost their jobs and the number of unemployment claims had risen to a record high, I already knew that the bear market was almost over and the bull market is just around the corner..

DK66:- Checkout this link. The bear market is officially dead! The bulls are back!

The Bull Market in Stocks is Back! By Adam Khoo
https://www.youtube.com/watch?v=Q73WH09Uc9E

Thanks bro for this enlightening article. Cheers!

Thanks DK66 for that write up about covid-19

Don't worrylar..JAKS fundamentals are very solid. No worries! Just keep until JAKS hits RM4,5,6 in 2021/22/23

Apollo and Ang
Went up the hill
To spread shit with his tongue,
Apollo and Ang fell down
And broke his crown,
And mom came tumbling after

hahaha

OTB:- Post erased as requested.

If 2 or 3 gurus say the same thing, chances are they are right. If DK66 and OTB see the same likely projected profits based on in-depth research, chances are they are right..Great minds thnk alike!

So I'll stick with their views and ignore the naysayers and speculators..

Mong Duong 2 power plant is very similar to Hai Duong power plant and if Mong Duong 2 can generate so much profit according to OTB's research, it is very likely that Hai Duong wll also generate that much profit..

The Mong Duong-2 power plant was constructed on a 297ha site in the Mong Duong Power Centre, approximately 200km east of Hanoi, and is located alongside the Mong Duong 1 project.

The site was selected for its proximity to coal mines, availability of transportation infrastructure and cooling water, as well as easy connection to the national grid. Both plants are expected to share common facilities, including the fuel-oil and limestone jetties, as well as cooling water inlet and outlet channels.

Mong Duong-2 is equipped with two 600MW power boilers, the first boilers to be produced domestically in Vietnam, and will use pulverised coal (PC) technology, which will involve the pulverisation of coal at a highly fine degree to spray into the furnace. A flue-gas desulfuriser (FGD) will be installed for this operation.

The boilers produce steam to drive the turbines that generate the electricity. However, the Mong Duong-1 plant uses circulating fluidised bed (CFB) technology to burn fuel with high sulphur content.

Vietnam National Coal and Mineral Industries Holding Corporation (Vincomin), a state-owned entity, supplies coal under a 25-year coal supply agreement.

Cooling water for the power plant is sourced from the Luong Gac channel and discharged via the De Dach River to the Thac Thay River. A buried pipeline was constructed for this purpose.

How to calculate projected earning of Hai Duong power plant of Jaks (second method)

I am using the earnings of Mong Duong 2 to project the future projected earnings of Hai Duong power plant since these 2 power plants are using coal-fired power to produce electricity.

Below is the current earning of the Mong Duong 2 power plant for the first 9 months of 2019.
AES owns 51% stake, total profit of US$ 74M for nine months (YTD2019: Q1+Q2+Q3), at 100% stake annualized = RM 812M.

It means Hai Duong power plant of Jaks equal to 30% of RM 812M = RM 812M*30% = RM 243M.

Please note that Q3 2019 result of Mong Duong 2 is very impressive, based on Q3 2019 result (Using coal, apple to apple comparison), if annualized the Pre-tax income at 100% stake will be:

US$ 45/QTR x (100%/51%) x (RM4.2/1.0 US$) x (4 QTR/YR) = RM 1482 Million.

JAKS at 30% stakes, the earning is RM 444 Million (being tax free for the first few years)

Please note that Mong Duong 2 plant costs US$ 2.1 Billion and thus having much higher depreciation rate than the US$ 1.87 Billion of Hai Duong. That’s about RM 40 Million earnings difference per annum. The earning of Hai Duong power plant will be more than Mong Duong 2.

LOL

The multi-eyed, deaf and dumb monster hng33 is back..jumping in and out like a clown jumping on a trampoline..LOL

DK66:- How are of the 1st and 2nd turbines coming along? Is it progressing well? Thanks!

Checkout this video..awesome man!

Has the Stock Market Bottomed? Time to Buy? By Adam Khoo

https://www.youtube.com/watch?v=zf26u-2I1yE

Wahlauweh..JAKS is really flying high today man..beating even Dayang..

JAKS = +3 cents
DAYANG = -2 cents

Wahlauweh, JAKS is really on a bull run man!

Wahlau..even a negative DJIA didn't stop JAKS from breaking the 1.01 resistance man. Awesome!

Just look at MFCBlar to see how a company that owns an IPP contract can make so much money!

DK66:- Don't be disheartened bro. Most of the naysayers are small time short term traders who don't care about JAKS fundamentals. I'm with you until JAKS hits RM4,5,6..

2721:- https://www.marketwatch.com

papparich:- See you too @ RM6

DJIAF now up by 2.83% above 23K points! WOW! Very bullish!

paktua73:- See you at RM4.00 next year, RM5/6 on 2022/23!

European stocks rallying!

All bullish news and signals! Nothing to fear already!

DJIA is now up by 2.56%

https://www.marketwatch.com/story/rally-in-european-stocks-continues-as-pound-recovers-from-johnson-hospitalization-2020-04-07?mod=home-page

The beautiful Golden Cross has formed already! It's a confirmed uptrend folks. Buy now before you miss the boat completely!

hng has missed the boat already when he chose to sell all his JAKS shares at 0.89-0.895 cents yesterday.

OTB:- The 10/20 SMA has already crossed the 200SMA forming A Golden Cross! It's means that a bullish trend is now confirmed!

OTB:- Thank you for your technical analysis. The worse is over for JAKS already! JAKS is now on its way to TP RM4, 5 and 6. Yay!

Sold JAKS for a handome profit. Reinvests capital and profit into JAKS-WB...

Dow now 4.16%..it slowly but surely going up!

Yay! TP4.00 coming!

Yay!

Keep long term..no reason to be worried..

DJIA is now up by 4.1%

https://www.marketwatch.com/story/european-stocks-jump-at-the-open-rising-nearly-2-on-data-showing-slowing-virus-cases-2020-04-06?mod=mw_latestnews

All bullish news..

kanzaki123: Intraday trader? LOL!

Sonnykwaeh:- Why aren't joining the JAKS party? Buylar bro! Got a shitload of upside room left! JAKS is grossly dirt cheap at this price!

sslee:- Hi bro! How is ur investment in JAKS doing? Making money already? Cheers!

Regret selling my Dayang too cheap a few days ago. Nevermindlar, now I go big with Dayang and hold until RM3.00..LOL

Yay! My 3rd round investing in Dayang is making money for me already! Yay!

Hi OTB,

I'm with you 100% on JAKS winning big in 2021 and beyond. Let the haters say what they like. We will have the last laugh when JAKS hits RM4.00..LOL

Hope you're OK and may God bless all JAKS shareholders with good fortunes in the future!

Cheers!

Philip:- Wah bro! I just had a looked at your portfolio of stocks. If you bought Yinson since 2013, why is your investment in Yinson in the red?

On a separate note, you invested over RM30 million into PCHEM? WOW! Thats huge!

Thanks!

Oh, the MOU has already lapsed..so nothing has materialized..

So nothing to talk about here..

DK66:- What is most important about the solar power plant that JAKS is keen to buy is that it is ALREADY COMPLETED AND JUST AWATING TO BE CONNECTED TO THE GRID!

Since the Vietnamese government intends to give more capacity to renewable energy sources to meet it's electricity demands, this move by JAKS could be a clever one.

What is your take on this move?

If the MOU goes through, JAKS could even go beyond hit RM6..LOL

Malaysia-based JAKS Resources Bhd. that is investing in the 1,200 megawatt Hai Duong thermal power plant in Vietnam, has inked a memorandum of understanding (MoU) with Vietnam-based Licogi 13 to acquire a power plant project as well as participate in future joint ventures for other solar and wind energy projects.

In a filing to the stock exchange, JAKS said the MoU was to acquire the 49.5MW Lig-Quang Tri Solar Power project (LQT) that will come into operation at the end of June in the central province of Quang Tri. JAKS did not disclose the acquisition value, claiming that the consideration for the solar power project will be subject to negotiations between the parties.

JAKS said the power purchase agreement (PPA) for LQT was executed on October 23, 2018 and that the project has a life time of 50 years.

“Presently, the plant is complete and is awaiting ­connection to the national grid,” it said.

The company added that in the event the two parties fail to secure a PPA before June 30, 2019 (or a later date agreed on by both parties), the MoU shall lapse.

Mergers and acquisitions (M&A) in renewable energy in Vietnam is on an upward trajectory, as much of it is driven by traditional energy businesses scrambling to acquire new capabilities and institutional investors looking for stable and predictable returns. In addition, the landscape is diversifying, with new players like wind and solar power companies throwing their hats in the ring.

Most recently, Norway’s Scatec Solar has signed a strategic collaboration agreement with Vietnamese partner MT Energy for 485MW of solar photovoltaic. The strategic collaboration agreement covers three projects located in Binh Phuoc, Quang Tri, and Nghe An provinces. The projects have a total capacity of 485MW and are targeted to be realised under a new feed-in tariff (FiT) regime that is expected to be launched later this year.

“With this partnership, we take the first step in positioning Scatec Solar for the growing solar market in Vietnam. As an affordable, fast, and reliable source of energy, we believe solar energy has tremendous potential in Vietnam,” said Raymond Carlsen, CEO of Scatec Solar.

Scatec Solar is envisioned to provide the project’s equity funding. In addition, the company will be the turnkey engineering, procurement and construction provider and will be providing operation and maintenance as well as asset management services to the projects.

Thailand’s Gulf Group is already harvesting the sweet fruits of its toil as it teamed up with Thanh Thanh Cong Group, one of the leading ­conglomerates in Vietnam operating in energy and industrial estate with ­assets of about $1.9 billion, to carry out three solar projects and one offshore ­initiative.

The projects include the TTCIZ-01 and TTCIZ-02 solar power projects in the southern province of Tay Ninh, and a solar project and a wind scheme in the neighbouring Ben Tre province, with a total installed capacity of 460MW. TC Green Energy Investment JSC, an associate in which Gulf indirectly holds 49 per cent of the stakes, operates TTCIZ-01 which commenced the sale of electricity to Electricity of Vietnam (EVN) on March 6, according to Gulf’s latest report.

The TTCIZ-01 solar power project is located in Trang Bang district of Tay Ninh, with an installed power generation capacity of 68.8MW and total investment capital of around $65 million. It is the first of the Thai group’s power projects to commence commercial operations in Vietnam.

The second project, TTCIZ-02, in which Gulf indirectly holds 90 per cent of the stakes, has an installed power generation capacity of 50MW and will supply electricity to EVN under the same terms as TTCIZ-01. To date, construction of the project has been proceeding on schedule and the project commenced commercial operations a few days ago.

Yee Chung Seck, partner of multinational law firm Baker McKenzie, remarked that renewable energy was one of the sectors of interest for foreign investors looking for M&A opportunities in Vietnam, as the country’s population and economy continue to grow and energy consumption will grow along with them.

He added that Vietnam’s interest in developing renewable energy is highlighted by its implementation of a higher FiT.