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.
-----------------------
newbie8080 Thumbs up on the well written stress test!
10/02/2020 6:38 PM

Thumbs up on the well written stress test!

Any idea if earnings is staggered from day1 of power plant being fired up?
Since the power plant is the sole revenue generator once the Malaysian property are completed by 2019, what will the company be earning in the Q1 2020?

So it's true.
Thanks for the info.

Thumbs up for the writings.
By the way, do you know the currently outstanding orderbook for the vietnam power plant.

Wow.
Didn't know it's still hot here.
I remember it was RM8 billion market capitalisation in 2008.
Those were the days.

Hoping to see Ekovest sell a portion of Duke3/SPE to EPF again and a promise of special dividend, similar to the sale of Duke 1 & 2 previously.

Should spike up on Tuesday morning in reaction to the oil price.

Most companies are avoiding manufacturing in China and US.

Greatech raised RM73.05mil from its initial public offering and plans to expand its operations to the US and China.

The Penang-based industrial automation solutions provider is planning to take their expertise and technology to the Silicon Valley and Shanghai.

Not a wise decision?

New biz segment for Pentamaster in VCSEL for electic vehicles.
Always inline with new technology.
Should be good.

Tadmax Resources Bhd has received government approval to proceed with the development of a 1000-1200 MW combined cycle gas and turbine power plant in Pulau Indah.

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https://www.thesundaily.my/business/tadmax-s-power-plant-project-gets-govt-go-ahead-EC1361611

https://www.theedgemarkets.com/article/tadmax-gets-green-light-pulau-indah-power-plant

Yup, the prospect of Vietnam will benefit from the trade war.
Any comments to share, assuming Trump is not elected for 2nd term.
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Posted by Nikmon > Sep 10, 2019 9:04 PM | Report Abuse

https://learningenglish.voanews.com/a/vietnam-s-economy-gets-boost-fro...

How trade war benefit Vietnam manufacture industry.

Results coming soon.
Hopefully is better than last years quarter.

By the way, anyone has comments of the Pacific Star development progress?
Seems still the same progress from outside the building since early this year.
I notice that some parts of the building are covered and they do not allow us to look inside.

Very impressive rally.
More to come.

The future is not so great.

Based on IPO prospectus, its order book is only rm91m, which rm58 mil already materialised.
The management is not optimistic. Look at prospectus page 45
Sell at strength.

Chemical produce:

Ammonia
Aromatics
Butanol
Butoxytriglycol
Carbitol
Carbowax
Cellosolve
Cutting Fluids
Dearomatized Solvent
Ethanolamines
Ethylene
Ethylene Glycols
Fuel Additive
Gas Treating Solution
High Density Polyethylene
Linear Low Density Polyethylene
Low Density Polyethylene
Methanol
Propylene
Shale Inhibitor
Tergitol
Urea


Products used in:

Agrochemicals
Coatings
Construction
Home and Office Products
Industrial Solvent
Metal Working Fluid
Oil and Gas
Packaging
Personal Care
Pharmaceutical
Textile
Transportation
All ProductsCurrently selected
Commercial Contact
PIC Products

@ VenFx

Probably takes another 1-2 years to finalise all the agreements and the company has yet to secure a technical partner experienced in powerplant.
With their current financial alone, the company is unable to carry the capital expenditure.
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Posted by VenFx > Apr 27, 2019 11:44 AM | Report Abuse

Why no progress for its Vietnam ipp ?

@ Huatexpert

Do you know what PCHEM produce?
Do you know what the chemical sold will be used for?

I think you are referring to the trade war US/China impacting PCHEM earnings.

By the way, in the last 30 years, how many trade wars happen?

By next year, Donald Duck will be gone, which is quite certain as we witness the midterm presidential election results.

Long term propects looks not good??????

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Posted by Huatexpert > May 29, 2019 2:10 PM | Report Abuse

Long term prospect look not good...

http://www.bursamalaysia.com/market/listed-companies/research-reposito...

Donald Duck really cause some uncertainty to Inari's client.
Most of them will temporarily reduced their purchase volume of sensors, RF,etc as most smartphone manufacturers are expecting slower demand in 2019/2020 across all brands.

This is not necessary a bad thing. The company is able to diversify earnings into other products mix and innovate products for the upcoming 5G next year.

Good to accumulate on weaknesses.

Drop to 60 cent???

Quite unlikely but if it does it would be good opportunity to collect at lower price.

Not much impact from Huawei. China's local demand should be able to cover the shortfall as some of those patriotic users will switch from Samsung and Apple to Huawei.

However, overall number of new phones sales for all brands will still drop as customers extend their new phone purchase from 2 years to 3 years.

Thus, will have minor drop in cleaning services from Frontken as jobs from TSMC would drop would also reduced accordingly.
Unlike what Maybank IB mentioned about whether utilisation of 40% or 90% cleaning would still be required.

That may be misleading as TSMC would likely be utilising less equipments for manufacturing chip processors. For example, 50 units equipment to produce 1,000,000 chips at utilisation capacity of 40%, TSMC would use 22 units of equipment to produce the same number of chip processors at 100% utilisation.