https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203304

Obviously it appears that the corporate adviser (Kenanga) did not do its job right for the breach because as a paid adviser, it had the obvious role and duty to advise Jaks on the rules and regulations pertaining to the rights issue as well as to ensure full compliance.

On the hand, why Bursa had to take such a long time to pick up and flag out this non-compliance?

In other words, oversight does happen here and there in the new era? There are simply too many rules and regulations to manage nowadays and every organization keeps on downsizing their headcounts and force them to multi-task until they lose focus and overlook a lot of things....... so sad...

This Lion is furious and powerful. It has already appreciated more than 50% in less than 10 trading days. Hope it would not retrace 20% and consolidate for a while before continuing the uptrend.....

I wish Jaks could announce the successful tenders of some mega projects soon that it has submitted biddings (in excess of RM4 bil in value) in the last many months. That would squeeze the short dry.
Long live ALP! Show them your real super power

The share price has to hover around or stay below 1.03 for a while. Otherwise, it will look bad as if the pp is engineered to benefit the cronies or buddy investors.
Be patient.

Hope the counter could absorb the huge script delivery these few days arising from the huge trading volume few days ago

Uptrend continues?

https://klse.i3investor.com/servlets/stk/chart/4723.jsp

Is 42 to 43 sen a strong support level based on its 5 year chart?

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=118467&name=EA_GA_ATTACHMENTS

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=118465&name=EA_GA_ATTACHMENTS

Another mega project will require another partner from China, Russia or Europe to provide the expertise and funding like what Jaks just did in the past 7 years. Maybe it can also invite cash rich Supermax and Top Glove to join venture......

No worries, the rights issue for Jaks itself, if any, will come in another 5 to 7 years later. Enjoy the construction profits first.....

Jaks will likely use the previous approach to undertake this new venture. It does not make sense for Jaks to undertake a multi billion ringgit rights issue in the near and medium term to fund the project on its own...

https://klse.i3investor.com/blogs/CCthoughts/2021-09-11-story-h1571465511-6_LESSONS_from_the_Rise_Fall_of_GLOVE_STOCKS_2020_2021.jsp

https://www.theedgemarkets.com/article/total-rm77b-foreign-portfolio-flows-were-registered-august-highest-monthly-net-inflow-june

https://www.thestar.com.my/tech/tech-news/2021/09/09/biden-wants-solar-to-provide-45-of-us-energy-by-2050

Jaks could be grossly undervalued if compared to SLVEST which is in solar power business.

Tendered for RM4 billion worth of jobs. Waiting for outcome.

Any 15% to 20% success rate in tendering will be awesome!

https://www.youtube.com/watch?v=l5UsNT7DwaI Mplus Online

https://www.youtube.com/watch?v=l5UsNT7DwaI

Tendered for RM4 billion worth of jobs. Waiting for outcome.

Any 15% to 20% success rate in tendering will awesome!

Peter Lynch: 6 Mistakes Every Investor Makes

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

https://mplusonline.com/blog/jaks-resources-bhd-21st-jun-21/

Malacca Securities understands that Jaks is tendering for RM4b to RM5b worth of projects???

The power plant's net profit contribution can increase to RM 173mil if Jaks chooses to acquire additional 10% stake in the power plant.

https://www.chinapress.com.my/20210603/%E8%B6%8A%E5%8D%97%E5%8F%91%E7%94%B5%E5%8E%82%E8%B4%A1%E7%8C%AE%E5%A4%A7-jaks%E8%B5%84%E6%BA%90%E8%8E%B7%E4%B9%B0%E8%BF%9B%E8%AF%84%E7%BA%A7/

https://messenger.i3investor.com/res/msg/file/25087/2021/6/jaks_240521_affinhwang_20210603114023.pdf

https://www.chinapress.com.my/20210603/%E8%B6%8A%E5%8D%97%E5%8F%91%E7%94%B5%E5%8E%82%E8%B4%A1%E7%8C%AE%E5%A4%A7-jaks%E8%B5%84%E6%BA%90%E8%8E%B7%E4%B9%B0%E8%BF%9B%E8%AF%84%E7%BA%A7/

https://messenger.i3investor.com/res/msg/file/25087/2021/6/jaks_240521_affinhwang_20210603114023.pdf

Can't wait to see ALP to burn all those short sellers and investment banks (that bet against Jaks by issuing call warrants) to the ground by pushing the share price through the roof.

Based on the last 5 years track record, each of its REAL uptrend rallies could last 4 months or longer. Slow but pretty steady too, with minor volatilities in between.

VW pulls a fast one: ‘Voltswagen’ rebrand a ruse
Wednesday, 31 Mar 2021 07:51 AM Malay Mail

New Volkswagen (VW) ID.4 SUV electric cars are ready for delivery at the customer centre of German carmaker Volkswagen in Wolfsburg, northern Germany. — AFP pic
New Volkswagen (VW) ID.4 SUV electric cars are ready for delivery at the customer centre of German carmaker Volkswagen in Wolfsburg, northern Germany. — AFP pic
Subscribe to our Telegram channel for the latest updates on news you need to know.

NEW YORK, Mar 31 — Volkswagen US’ subsidiary is keeping its name and will not rename itself “Voltswagen,” a company spokesman said yesterday, confirming that an earlier announcement was an April Fool’s joke that may have gone further than intended.


The German automaker’s US subsidiary, which is launching a media blitz for a new all-electric sport utility vehicle, recrafted its social media pages yesterday and said the new moniker represents its “future-forward investment in e-mobility,” according to a press release early Tuesday that was widely covered, including by AFP.

Company officials kept up the pretence for hours, with a US spokesman confirming the name change early yesterday in response to an email question about whether it was an April Fool’s joke.


But VW spokesman Mark Gillies said in an email late yesterday that the “Voltswagen” rebrand was a joke after the Wall Street Journal and other media reported that the announcement was indeed a ruse.


The incident comes as VW unveils new ads in the United States for the ID.4, its new electric model. VW’s shift to electric cars marks an opportunity to redefine itself after the bruising “Dieselgate” scandal, which led to billions of dollars’ worth of government settlements and a shakeup of company leadership.

Daniel Binns, head of Interbrand, a New York-based marketing consultancy, said the VW’s announcement succeeded in generating buzz, but that the approach was not risk-free.

“It’s got us talking about it, so it’s working,” Binns said late yesterday afternoon while the branding campaign was under suspicion but not yet debunked.

But Binns said the joke was not necessarily intuitive, since the release came a few days before April 1. There is also a risk the communication around the joke will look “mismanaged” given that many people took it seriously.

“At this point it’s how it gets resolved and what is the punchline,” Binns told AFP.

The episode began Monday, when VW briefly published the “Voltswagen” press release, sparking speculation it was an April Fools’ joke. Such stunts are particularly popular in the German press.

VW quickly removed the release but made a formal announcement yesterday morning. The name was also changed on VW’s Twitter and YouTube pages.

A VW spokesman in the United States said yesterday the announcement was originally intended for April 29, but that the transition was accelerated after the inadvertent Monday release.

“After yesterday, we have decided to expedite this roll-out and will be going through a series of transitions in both internal and external brand guidelines that will make this change as seamless and straightforward as possible,” said spokesman William Gock, whose email signature identifies him as Product Communications Senior Specialist for Volkswagen of America.

“This name change signals that VW is transitioning away from the internal combustion engine and to e-mobility,” Gock said in response to emailed questions, including about April Fool’s Day.

“We foresee our cars being all electric in the US by the end of the next decade, and we hope the attention we’re generating here will help communicate these goals and commitments to all.”

Tesla-level buzz?

The announcement comes as VW unveils in US showrooms this month the new all-electric ID.4 sport utility vehicle, the latest challenge by a conventional automaker to Elon Musk’s Tesla franchise.

Besides releasing products to compete with Tesla, traditional automakers are also trying to compete with Musk’s flare for generating buzz.

VW’s plan for shifting away from conventional cars is similar to that of General Motors, which introduced a new brand design earlier this year as part of an avowed redefinition of the company to what GM calls a future of “zero crashes, zero emissions and zero congestion.”

A series of light-hearted spots released Monday played up the change to an auto that starts up without a traditional vroom, responds to voice commands to adjust the heat and charges up while an owner goes to bed.

Wedbush Securities praised VW’s announcement as evidence it is “not playing around” in building up its electric car fleet and remaking its corporate image, according to a note released yesterday shortly after the purported name change. — AFP

Wondering why there is a shortage of food delivery riders in KL and Selangor? Maybe it’s just because they are so lowly paid
Thursday, 29 Apr 2021 07:01 AM MYT

BY SYED JAYMAL ZAHIID

Consumers and eateries have complained about delays and a shortage of riders lately. ― Picture by Hari Anggara
Consumers and eateries have complained about delays and a shortage of riders lately. ― Picture by Hari Anggara
Subscribe to our Telegram channel for the latest updates on news you need to know.

KUALA LUMPUR, April 29 ― Food delivery platforms like Grab Food and Foodpanda enjoyed a boost over the past year as Malaysians took to ordering food in a big way to avoid crowds during the various movement control orders.


But lately, consumers as well as eateries have complained about delays and a shortage of riders.

Some reports state that this could be because many of the riders could have gone back to their office jobs, others blame the rainy season while there are those who think that government hand-outs mean there is less of a necessity for people to take on these part-time jobs.




After talking to the riders themselves, one other possibility has surfaced: If riders have little incentive to continue, they won’t.


A key factor behind this, according to riders themselves, is the driving philosophy of today’s gig-based food delivery platform itself: keeping costs low to feed consumers’ absurd and insatiable demand for everything cheap, fast and good.

“Nobody would stay in this job if there are better ones out there,” said Radhi. “I have to work long hours just to earn RM140 a day. On the surface that sounds a lot, maybe it is, but it’s not every day I get to make that kind of money.”

Radhi’s grievance underscores the growing global disillusionment with the gig economy, which on one side has helped birth blue chip companies like Grab and Uber and, on the flip side, a new generation of lowly-paid “precarious” workers forced to depend on jobs that offer neither security or legal protection.

If the advantage of the gig economy is flexibility (of hours) with competitive income, Radhi believes that is really an illusion.

To earn around RM2,200, he would have to make many, many deliveries a day, usually averaging 12 hours consisting mostly of short distance deliveries that will get him RM5 per trip, and the occasional RM7 to RM8 for trips longer than 10 kilometres.

These fees are borne by customers themselves unless there are promotions, which service providers would subsidise as discounts. For profit, these firms take a clean cut from the food sold by merchants or vendors.

Long hours, just surviving

The gruelling hours have long been the source of contention among riders who feel their employers have failed to commensurate with the right pay.

Working hours can sometimes go as long as 12 hours, which Radhi confided is downright exhausting.

But growing up in a low income household means he has little option but to make those deliveries or he would earn much less.

With RM2,200 the job has helped him and his family, especially during the pandemic, when jobs are hard to come by.

Riders also have to apportion some of that salary to maintain and repair their bikes, which reduces their disposable income.

Most application-based delivery service providers, to keep costs at a minimum, do not provide bikes.

Combined with a pay system that can sometimes be unpredictable thanks to discounts intended to keep customers loyal, these issues have often been the source of tension between the firms and their riders, who in the past have launched several protests over what they felt was unfair compensation.

This friction is not unique to Malaysia. In the UK, for example, Uber drivers have reported feeling forced to work extremely long hours, sometimes more than 70 a week, just to make a basic living.

Many then became organised, went on strikes and launched lawsuits that eventually forced the ride-hailing app to recognise and pay them perks that come with formal employment, like healthcare benefits and overtime.

Malaysian riders, less organised, enjoy none of those benefits.

This longstanding dispute over pay and remuneration could be the underlying factor driving riders to shun these companies, causing the shortage and disrupting operations.

“If the job takes care of us, we wouldn’t go away right?” said Faliq, a part-time rider with a diploma in human resource management.

“I’ll split in no time if I get an office job,” he added.

The gig economy explosion has fueled a fierce ethical debate about whether or not regulation is necessary given the size and precarious nature of the industry, which tends to provide little job security and legal protection otherwise accorded through formal employment.

Labour rights proponents like Charles Santiago, Klang MP and an economist by training, have argued for “partial” regulation to accord workers some legal rights or fair compensation by enacting a law to force companies like Grab and Fo

Best not to guess or predict the share price of this stock whether using FA or TA.

https://www.malaymail.com/news/money/2021/03/27/investors-look-to-utilities-to-weather-any-market-rout/1961464

Just have to wait for the wave to come..

https://focusmalaysia.my/markets/us-investors-are-looking-to-utilities-stocks-to-weather-any-market-rout/

Strong resistance appears to be in the range of 50 to 53 sen. Waiting for it be punched through forcefully for the fourth time in the last 5 years. Hopefully the impending quarterly result would provide adequately the required momentum to do so.

Based on its last 5 years chart, each up-cycle rally took a few months to a year to complete. Each past cycle was noted to be slow but steady. Hence, it may probably take another few months to see its full upside potential. Just a really wild guess. Ain't chartist here.

It may not be commonly known that Jaks' power plant agreement has shielded its profitability from the risk of adverse price fluctuations of coal. Hence, its profitability is rather assured and its power revenue is tied to its plant operating capacity rather than power output or generation.

https://www.theedgemarkets.com/article/china-steel-rebar-soars-nearly-10year-high-output-cut-concerns

No announcement of COD for Unit 2 will effectively allow those in the know like fund managers or corporate raiders to quietly accumulate more shares cheaply at the current prices....

https://www.thestar.com.my/business/business-news/2021/02/17/sc-bursa-announce-temporary-relief-measures-for-listed-companies

Deadline for release of Q1 2021 result has been extended by SC and Bursa....

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=205503&name=EA_DS_ATTACHMENTS

Substantial disposal gain of RM380 mil cash to be recognized in Q1 2021

https://www.tradingview.com/symbols/MYX-JAKS/technicals/

Warrant-B may be a better buy now as compared to Warrant-C since the premium is lesser

https://malaysiastock.biz/Company-Announcement.aspx?id=1275697

https://www.theedgemarkets.com/article/peroduas-october-sales-hit-new-alltime-high-26852-cars

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=211727&name=EA_FR_ATTACHMENTS

MFCB's power business recorded RM274mil net profit against revenue of RM371mil (page 12 of the attachment) for 9 months ended 30/9/20. If we benchmark against MFCB's power business net profit margin, what should be the net profit of Jaks since ALP indicated the projected annual revenue being around RM700 mil for the power venture ???

https://malaysiastock.biz/Company-Announcement.aspx?id=1275100

Highest quarterly revenue of RM600 mil recorded in Q3 2020. EPS of 16.63 sen for the quarter.

Given the above, great result can be expected for its Q3 to be announced any time this month

National carmaker Perodua has recorded its highest ever monthly sales in its 26-year history with sales of 25,035 vehicles in September, a 10.8% increase from the 22,604 units it sold in August.

Together with the 23,203 units it reported in July, total sales in the third quarter of 2020 amounted to 70,842 units, up by 13,870 units (or 24.3%) from the corresponding Q3 in 2019.

Source: Paultan.org
https://paultan.org/2020/10/15/perodua-sells-25035-units-in-september-records-its-highest-ever-monthly-sales-in-its-26-year-history/

Something big brewing?

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=107429&name=EA_GA_ATTACHMENTS

RM72 mil disposal gain is to be reported soon as the disposal has been completed.

No more bleeding from the property division going forward for the next few quarters..

https://www.youtube.com/watch?v=tPMHZiR_htQ&list=PLTMFVFEuEuiy9F49p7Mjqm6eW-HDtIgvu&index

https://www.cytodyn.com/

https://edge.media-server.com/mmc/p/rdofnvf9/dimode/ondemand/preview_key/f7f3e9b393aab168625b9674f06976fa08e43ca43a7034240e2b7480f438950b

Listen to the above and do a thorough research to assess if it is worth investing in the OTC biotech company Cytodyn which is about to obtain FDA's approval on its amazing drug Leronlimab which can the solution to the global Covid-19 pandemic.

https://www.thestar.com.my/business/business-news/2020/07/23/pharma-stock-play

The vaccine story aside, Equitiestracker Holdings Bhd head of research Lim Tze Cheng said the demand for vitamins and general supplements has been strong during the movement control order (MCO), which would see pharmaceutical companies that deal more on supplements seeing stronger numbers in upcoming quarters.

https://www.theedgemarkets.com/article/pharmaceutical-stocks-down-profit-taking-after-hitting-new-highs-0

Athila noted that it was not a surprise to her that Pharmaniaga and Duopharma have been tasked with the COVID-19 packaging process in Malaysia, given that both have the largest manufacturing and pharmaceutical facilities in Malaysia as well as a reliable nationwide logistic network already in place.

She added that more than 50% of Pharmaniaga and Duopharma's products are supplied to the Ministry of Health's hospitals and facilities.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3062138

The main objective of the Platform is to improve the bank confirmation efficiency and reduce the respond time from weeks to days. This collaboration is for a period of 12 years contract period from 2018 until 2030.

At the initial stage, the Platform will levy a flat transaction fee of RM15 (excluding service tax) for confirmation conducted through the Platform. The current target market of the Platform are member firms of MIA who are currently auditing approximately 1.3 million private and public limited company registered with Companies Commission of Malaysia (“CCM”) who are required to procure bank balance confirmation from licensed financial institutions for the preparation of statutory and/or non-statutory audit.

As at the date of this announcement, 354 of member firms of MIA had registered as participating auditors with the Platform and the Company expects more member firms to participate in the Platform after the launch.

https://econfirm.my/about-econfirm-platform/

It's kinda another MYEG in the making. Digital platforms will rule in the new norm post Covid-19 pandemic.