A coal-fired power station in the U.K., which had a capacity of 2,000 megawatts (MW) at its peak and could power roughly two million homes, officially closed on Tuesday.

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https://www.cnbc.com/2020/04/01/two-large-coal-fired-power-stations-in-the-uk-close-down-on-same-day.html

@EatCoconutCanWin

Who and where are your source?

Interesting that Vietnam still has no death reported from the Covid-19.
Probably their country's population consists of younger people than elderly.

Anyway, back to J@k$, good to know construction is progressing despite the lockdown. Electricity is after all essential category.

Don't look too good for Greatech as China recovered and US & Europe is suffering.

Taken from latest quarter result:

The Group is not swerved by the recent COVID-19 pandemic as the Group’s purchases are mainly from the US and European countries. The Group has sufficient materials to fulfil orders received to-date. China
customers accounted for less than 1% of the Group’s revenue in 2019. We do not foresee any material adverse impact on the Group’s financial performance.

The founder disposing share. Not a good indicator.
The counter used to have a market capitalisation of RM8 bil during its peak.
Looks like game over.

Really hopeful, it does not happen to the power plant also.

Almost a decade since the Pacific Star had commenced for development.
Time flies.

https://www.propertyguru.com.my/property-news/2018/3/169858/jaks-given-4-months-to-complete-tower-a-in-pacific-star-business-hub

1 person say factory resume operations, the other say factory is on semi lockdown.

Please include articles or bursa announcements to support.

Else your post = invalid.

Not sure how this company can benefit from COvid-19

This details from annual report:

Products and Markets
1.Automotive Cables
SAC’s cables are part of the automotive wiring harnesses, which form an integral part of electric power for various
systems in an automotive such as power window systems, lighting systems, ignition, alarms, air conditioning.

2.Electrical appliance and consumer electronics cables.
STB manufacturers power supply cables and specialised cables for audio and video signals.

3.Cable for Medical Products and Devices
SMP produces medical cables are generally used for connecting various medical devices outside the human body. SMP’s products also include reinforced tubes (used as endoscope or as part of endoscopy accessories), connectors,medical tubes.

This from website:

http://supercomal.com.my/supercomal.com.my/product.html

MYEG test kit priced at RM99.

Those from China and South Korea are below RM30.

Can MYEG's test kit compete?

https://www.thestar.com.my/news/nation/2020/03/28/health-ministry-evaluating-new-test-kits-from-korea-china-to-ramp-up-testing

https://www.nst.com.my/business/2020/03/577343/myeg-introduce-covid-19-test-kits-pending-govt-approval

Bad time for airline biz. Worldwide transport are mostly grounded except for cargo for essential items. Low crude oil will helps in reducing the fuel cost.

But majority(90%) of the company's income comes from seat sales and ancillary income.

So you can get some idea of what to expect in the next 2 quarters report.

In view of the current COVID-19 and MCO, all the construction works for Ekovest eg:Duke3, ROL,ect are also suspended.
So means no earnings for March-April and project delayed?

Good news for those with share margin.

Still have plenty of opportunity to purchase below 70 cents in view of the current situation globally.
Rarely to be given such privilege. Without this Covid-19 and oil crash, J@K$ would have traded above RM2 with the commissioned of the power plant next few months.

I believe the impact of COVID-19 is bad for Penta. Issues is on raw materials that it needs to build the ATE and AFS comes from China and other countries. Management comments in the quarter report should scare you when they mentioned NOT SURE and still pending assessment.

According to latest quarter report, Penta mentioned as follows:

The outbreak of novel coronavirus (COVID-19) continues to spread throughout China and to countries across the world.
The COVID-19 has certain impact on the business operations of the Group in particular the supply chain from China as well as the delivery and buy-off process of machineries to certain degree, and the degree of the impact depends on the situation of the epidemic preventive measures and the duration of the epidemic.
The Group will monitor the developments of COVID-19 situation closely, assess and react actively to its impacts on the financial position and operating results of the Group. Up to the date of the report, the assessment is still in progress.
Given the dynamic nature of these circumstances, the related impact on our Group’s consolidated results of operations, cash flows and financial condition could not reasonably estimated at this stage and will be reflected in the Group’s 2020 interim and annual financial statements.

Tonight DJ future already almost hit limit down.
I guess this is the new normal for DJ this few weeks to come.

Property Biz will be expected to be a drag for the 1st and 2nd quarter result.
The company needs to complete and hand over Pacific Star, else more LAD to come. COVID-19 is now a factor in delaying it also.

Evolve Mall will be another drag if the MCO continues beyond April 2020.COVID-19 is now a factor due to the lockdown of public.

The current stinging issue is the completion of the power plant is postponed to 3rd Quarter of the year(Source Public Invest)
Not sure how the IB comes out with the timeline since no city lockdown yet, only selected biz to close.

https://e.vnexpress.net/news/travel/places/a-tourism-lockdown-in-central-vietnam-as-covid-19-fears-escalate-4069829.html

Low crude oil and Coronavirus is double whammy for Frontken.

I believe more selling waves are coming.
If 90 cent was a buy call, 30 cent was cheap, 10 cent is cheaper.
During crisis, property and construction company normally don't do well as individuals or company would not be spending money to buy homes, factories and commercial lots.
Unemployment and retrenchment will be only thing that are in the minds of individuals or companies.

When come to World Crisis, even good fundamental stocks will also be affected as compared to less fundamental ones.
The difference between the two is that the fundamentally backed stocks will mostly survive the crisis while the others will likely become penny stocks and PN17.
Choose wisely.

It's been a long time since we see giant airlines merge.
Maybe during this crisis, they will put their differences away and merge to be stronger financially and to monopolise markets.

Overall, trend is still going down. After down for a few days of 50%-60%, expect to have technical rebound.
The next wave is coming.

I agree with some that traders will benefit from this trading volatility.

Even though they are cleared of the bribery. The company has another hurdle to clear. It seems likely that Airasia and other airline worldwide will likely face cashflow issues next month if travelling is still grounded. With overhead fixed cost and dragging revenues will be a concern. I'm not surprise if the airlines will be pleading from the government to bail them out.

@ hollandking

Crisis come and go. If you look into the history for as far as 50 years ago, many crisis came but left. Only the fittest survive. Many stocks globally as at today are still standing if you choose the right one.
Whether J@K$ is one of them, the criteria lies when the power plant completion is at 100%. Of course this company has a history of not completing on time(whatever the reason), this is the risk one has to take if you are purchasing now.

@ SarifahSelinder

You have a valid point that the company should do well. It should as Vietnam is currently energy hungry. The power plant is a great contribution of the company's future earnings.
Following DK66 comparison with Mong Duong II and Vinh Tan 1, the numbers are impressive. However, the numbers can only pour in when the power plant is 100% completed and commissioned. I believe you won't disagree with this statement. Meanwhile, accumulate more at discounted price to support DK66.

Please don't spread fake news.

Major shareholder average price is below 0.4.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=2878482


Posted by Joyvestt > Mar 20, 2020 12:11 PM | Report Abuse

margin call very soon

Rebound back!

At least the first major wave have passed, next wave is coming.

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Posted by 9share > Mar 20, 2020 10:17 AM | Report Abuse

As of 9:44 p.m. ET, Dow Jones Industrial Average futures fell 323 points, indicating a loss of about 385 points at the open on Friday. S&P 500 and Nasdaq 100 futures also pointed to declines at the Friday open......beware ..Los Angeles issues emergency stay home order, China reports 39 imported cases.....

Despite all the external headwinds, at least we know the power plant is 93% completed. The remaining 7% should be able to be completed in less than 3 months based on the progress completion reported in the last 4 quarters.

The worst is can get is only 9.5 cents away.

Some companies shareholder would buyback their own shares either through company as share buybacks and some would buy back under their personal holding.

Any idea why J@K$ shareholders are not interested to buyback their own shares?

@DK66
This blog still apply if Vinh Tan 1 is closest?

https://klse.i3investor.com/blogs/Jaks%20resources/2019-04-29-story204451-Jaks_Resources_Peer_Comparison_With_Mong_Duong_II.jsp

@ OTB
Try using USD2.1cent instead and exchange rate of RM4 to USD1.
Yours is a little too optimistic.
Being conservative in the computation will be better, if earnings are better, it would be a bonus.
My 2 cents.

Soon to cross RM2, justified with the next quarter results which should be much better due to restocking of medical gloves worldwide.

https://s2.q4cdn.com/825052743/files/doc_financials/annual/2018/2018-AR-10-K.PDF

https://s2.q4cdn.com/825052743/files/doc_financials/annual/2018/2018-AR-10-K.PDF

https://e.vnexpress.net/news/business/companies/us-firm-gets-nod-for-5-bln-power-plant-in-vietnam-3991997.html

Supermax product mix of nitrile and latex is around 50:50, raw material prices are the main issue to higher cost.

Wow
I remember this counter used to be above 0.3

Harta main revenue is from US.

Can see everyone is quite focus on the current quarter results.
I think the power plant results from the new income stream would superceed the property biz once the power plant is fully commission and running at its optimal capacity.
This power plant should generate income more stable than MFCB as MFCB will encounter dry season.
Besides, we know Vietnam is another manufacturing power house after China and needs stable source of energy.
Additionally, due to the trade war between China and US, many manufacturers had diverted their plants over to Vietnam.
Note: Most info can be found on CNN, CNBC, etc

@DK66
Thanks for the clarification.
Maybe for Jak's power plant, we can safely assume it at 75%.

@DK66,

Are all the newly developed power plant in Vietnam between 2010-2019, running at maximum capacity?
If the power plant do not run at max capacity, the tariff payment does not offset the balance of the plants unutilised capacity?
Kindly elaborate as I couldn't recall if you had write of this items previously.

I believe most glove manufacturers especially the top 4 are already running to close to 90% of their current capacity(Refer to Topglove CEO comments recently).

Next quarter results should be very good.

Just a matter of time before the stock surge towards RM2 and above.

Frontken is not a manufacturer like Greatec or Dufu.
Can't compare directly.


Posted by laychee > Feb 18, 2020 3:16 PM | Report Abuse

Still undervalue if you compare it to Greatec and Dufu, two Penang factories benefited from trade war and virus as US companies are moving out of China.

Any idea on the impact of prolong Coronavirus for manufacturers like Penta?

Try KLSE screener app, set 10 years, drag backwards till 1990s

On the bright side, this counter had hit as high as RM14 during its heydays in 1995.
This price is more than double @DK66 FV.

Based on 30% Ownership in JHDP. Value Per share are calculated based on 651m+102m(warrant)=753m shares and 15 times price earnings ratio (PE).
For a more conservative computation.
Just my 2 cents.

DK66, though I'm not 100% convinced, the power plant do have some value attached to it.

Yup, bought some between 58-72 cent to be part of my portfolio.

But I do appreciate your write ups since 1 year ago, it helps me to make my investment decision easier.
Thanks and hoping to see you fair value come to pass.

Posted by DK66 > Feb 10, 2020 6:46 PM | Report Abuse

newbie8080, Thank you. I hope you have bought Jaks long ago. You were one of the early discoverer of Jaks though not quite convinced then.
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newbie8080 Thumbs up on the well written stress test!
10/02/2020 6:38 PM