Somehow only Sinchew got the news.

Press conference to 1 company only.

Don't make sense.

Good luck to those bought this morning.

Wow.
I'm lost.
So many messages flying around.

Private placement this round.

Previously was Rights Issue and the share plunge from 1.40-0.42.

Now is private placement. Existing shareholder do not need to pump in more cash.

@ Icon8888

Firstly, I don't really like these analysts from IBs as well.
But DK66 and yourself are saying they are wrong in their analysis and valuation.
Do you know these group of analysts from Public Invest went to meet with their management people.

So what I gather from DK66 and you is, YOUR info and God level analysis from the media and 3rd party sources are more accurate than the interview done face to face by Public Invest team which comprise of fund managers, research analyst,etc with Jaks Resources management people(probably include ALP).

Maybe you should take a step back and think over it.
I'm not here to trigger an argument.
Don't you think your pride is getting ahead of everything.
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Posted by Icon8888 > Apr 17, 2019 2:16 PM | Report Abuse

The problem with you and many others in life and in stock markt is lack of confidence of your own intellect

For example : in your comments above, you automatically assume the analyst was right . Hence you rationalise and justify for him. And you do that by distorting the real picture by making all kind of silly assumptions etc

An independent thinker is different. He will look at the analyst report, and with a healthy dose of skepticism and contempt, he proceeds to point out what he think is the unreasonable and illogical part

Can you see the difference ? One is a small kid being pushed around. The other is an adult that think objectively to try to figure out the truth

Who do you think can be a better decision maker in stock market and in life ?

From my point of view regarding the Public Invest Report, it seems that the TP=0.75, does not include the ownership and future contribution of the power plant.

I believe it's because Public Invest is right not to include the future earnings of the power plant as Jaks Berhad and Jaks Hai Duong Power are separate entity by law.

Jaks Berhad was awarded the contract to part develop the power plant with CPECC. Future earnings from the power plant biz from JHDP may not necessary be passed back to Jaks Berhad. In fact, it's up to Jaks portion(at JHDP level) whether to include this earnings back to Jak Berhad level.

If I'm ALP, I would not transfer back the earnings to Jak's Berhad as it would require more transparency(due to Bursa & SC regulation) of how ALP can use the cash at listed company level.

I know someone will shoot down this comment as ridiculous.

CYBERJAYA: Dr Mahathir Mohamad says the high-speed rail (HSR) project between Malaysia and Singapore which was suspended last year is still on hold pending talks between the two governments.

“For the time being, we are not going to build.

“We have asked for two years before we talk again,” the prime minister said. “At the moment, we have not given any contracts. So we have to compensate Singapore.”

The agreement saw the project deferred until May 31, 2020. If by then Malaysia does not proceed with the project, it will also bear the agreed costs incurred by Singapore in fulfilling the HSR bilateral agreement.

In July last year, Singapore said it would seek to recover over S$250 million (US$181.66 million) in costs incurred to date should Malaysia cancel the project.

---------------------------------------------------------------------------------------------
https://www.freemalaysiatoday.com/category/nation/2019/04/16/hsr-project-still-on-hold-govt-to-compensate-singapore-says-dr-m/

HSR to Singapore nice to have but priority is to improve Malaysia's existing rail system, says Mahathir
Last September, both neighbours agreed to the deferment till May 2020, and Malaysia has reimbursed Singapore $15 million for abortive costs incurred by the delay.
At a retreat last week, Dr Mahathir and Prime Minister Lee Hsien Loong noted that Malaysia is exploring the possible way forward, with the aim of cost reduction.
---------------------------------------------------------------------------------------------
https://www.straitstimes.com/asia/se-asia/mahathir-says-improve-malaysias-existing-rail-system-before-building-hsr-to-singapore

http://www.myhsr.com.my/kl-sg-hsr/project-overview

http://www.cccc.com.my/ongoing-railway

@striker888

Read my response carefully for wilsonboon.
Wilson mentioned HSR station will intersect with ERCL.
I told him look at the alignment for HSR and ERCL website.

Foolish people always disgrace themselves.
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Posted by striker888 > Apr 12, 2019 3:24 PM | Report Abuse

Sohigh newbie8080, what you listed was the KL-Singapore Rail, not ECRL, ha-ha dumb dumb.

@ wilsonboon

Please stop the fake news.

The iconic project will include 7 stations in Malaysia – Bandar Malaysia, Sepang-Putrajaya, Seremban, Melaka, Muar, Batu Pahat and Iskandar Puteri, before reaching its last destination in Jurong East, Singapore


---------------------------------------------------------------------------------------------

http://www.myhsr.com.my/kl-sg-hsr/project-overview

http://www.cccc.com.my/ongoing-railway

@ DK66

Bro, I already mentioned that I'm not against anyone especially you(DK66) & Icon8888.

No hard feelings. We are here to share our thoughts only. It's called constructive criticism.

In fact, you did well writing up so much of the power plant and convincing everyone here the potential value of investment.
It was good effort sharing with everyone here your analysis and logic.

However, I felt disappointed when you lowered your TP which you always strongly believed.

Even though, my personal valuation is not as optimistic as your earlier TP of RM7 to RM10.

To be honest now, your current lowered TP is quite close to mine.

My reason is , Jaks would not be able to exercise the additional 10% stake due to lack of funds currently. Besides, assuming Jaks is financially able to exercise it in 2021-2023, it would be at a premium if the profitability of the power plant is proven by then.
CPECC would be foolish to let go of the 10% stake at just USD60 mil(DK66 estimation).
It should be worth more than USD150mil(my estimation), which is beyond Jaks's ability to exercise as Jaks would need to service USD36mil p.a for the loan taken for Hai Duong.

Besides that, on the local front, the property issues, bleeding mall and RM48 mil p.a. servicing on the existing borrowings would prove heavy burden.

Thus, I would not discount that Jaks would be executing another rights issue or issuance of corporate bonds/sukuk(perpetual)in the next 1-2 years from now.

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Posted by DK66 > Apr 12, 2019 11:02 AM | Report Abuse

Newbie8080,

I know you don't like me, so i won't expect anything nice from you.
If you can't accept the rationale behind the changing for my TP and insist on calling it a downgrade. So be it.

If you don't care about people's money or life. Nobody will care about you either.

I made my choice. I wish for no harm caused by me.

===========================
newbie8080 @ DK66

Bro, I thought I'm having a dream when I read this statement.
I actually slap my face twice.

From TP of RM7 to RM10, all the way down to RM2.50.

It's a massive downgrade.

You either know the true intrinsic value of Jaks Hai Duong Power Plant or you don't.
If you do, you should standby your principle.

It's sad to see your moving goal post.

It reminds me of the analyst from IB.
These individuals are spineless, provide a FV and when there is some changes to external factor they would revise FV every 3-6 months.
-----------------------------------------------------------------------------------------------
Posted by DK66 > Apr 12, 2019 9:05 AM | Report Abuse

After reading the optimus incident, I realised that there may well be people who just take whatever coming his way. Desperate to Huat and choose the biggest airplane to embark without knowing the destination of the flight.

Because of this, I m revising my TP to a more sensible RM2.5 and slowly upgrade the TP alone the way. I do not want a repeat of optimus tragedy.

So, YES, my TP is RM2.50 for now. Please take note.
12/04/2019 10:56 AM

No mentioned of Bandar Malaysia.

----------------------------------------------------------------------------------------------------

https://www.thestar.com.my/business/business-news/2019/04/12/ecrl-to-go-ahead-as-costs-reduced-by-rm2pt5b-to-rm44b/

@ DK66

Bro, I thought I'm having a dream when I read this statement.
I actually slap my face twice.

From TP of RM7 to RM10, all the way down to RM2.50.

It's a massive downgrade.

You either know the true intrinsic value of Jaks Hai Duong Power Plant or you don't.
If you do, you should standby your principle.

It's sad to see your moving goal post.

It reminds me of the analyst from IB.
These individuals are spineless, provide a FV and when there is some changes to external factor they would revise FV every 3-6 months.
-----------------------------------------------------------------------------------------------
Posted by DK66 > Apr 12, 2019 9:05 AM | Report Abuse

After reading the optimus incident, I realised that there may well be people who just take whatever coming his way. Desperate to Huat and choose the biggest airplane to embark without knowing the destination of the flight.

Because of this, I m revising my TP to a more sensible RM2.5 and slowly upgrade the TP alone the way. I do not want a repeat of optimus tragedy.

So, YES, my TP is RM2.50 for now. Please take note.

@ Ron90

It's actually the opposite.
Gkent was never the beneficiary of ERCL.

But if ERCL can be resurrected, it will provide a basis for HSR project which Gkent is involved.

HSR is pending renegotiation.

Posted by Ron90 > Apr 12, 2019 8:53 AM | Report Abuse

i dont see gkent will become the major beneficiary for ecrl project..compare to the other construction giant like gamuda, mrcb, and dont forget MMC

I think someone of you have a point on the share weaknesses.
Well, to be honest it had rallied from 50 cent to 65 cent.

It's considered an impressive run in a short span of time.
Expect some consolidation which is normal.

For traders, it's buy on rumours, sell on news.

-------------------------------------------------------------------------------------------
https://www.thestar.com.my/news/nation/2019/04/11/report-malaysia-china-to-sign-ecrl-agreement-on-friday-april-12

@ optimumprime88

I may not be very optimistic like DK66's TP of between rm6 to RM10, but I do believe it's definitely worth more than RM1.
Don't put a promise you don't intend to keep.
I think just a yes or no should suffice bro.

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Posted by optimumprime88 > Apr 11, 2019 2:50 PM | Report Abuse

go ahead mark my word if cross above 1 i cut my ball

Yup old news.
Maybe a revival by Tun M and Daim

If I recalled, GKENT has interest in HSR,Double tracking project and the Penang's LRT & Monorail under PMTP.

Didn't know ERCL was part of the company's plan.

The Pavillion @ Bukit Jalil looks on track.
It's massive piece of property development.
Will boost the NTA definitely.

The above are just for your reference.
Nothing more.

I've nothing against Jaks or DK66 or Icon8888.
Just purely sharing.

Consider Phillip is very patient in describing his view and critics.
I prefer to post materials not written by me to avoid further critism.

Hydro Power Vs Thermal Power: A Comparative Cost-Benefit Analysis

--------------------------------------------------------------------------------------------
http://openaccesslibrary.org/images/HAR224_Adesh_Sharma.pdf

A Guide for Developers and Investors- Hydroelectric Power
---------------------------------------------------------------------------------------------

https://www.ifc.org/wps/wcm/connect/06b2df8047420bb4a4f7ec57143498e5/Hydropower_Report.pdf?MOD=AJPERES

KUALA LUMPUR (April 10): Shares in Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd continued to climb this morning, as potential revival of the Kuala Lumpur-Singapore High Speed Rail (HSR) project breathed optimism into other mega projects under scrutiny.

IWCity, which was in the run-up to participate as the master developer of the RM160 billion Bandar Malaysia mixed development project, climbed to its one-year high of 94 sen this morning.

At 11.05am, the stock pared gains to trade at 92.5 sen, up seven sen or 8.19%, with a total of 49.27 million shares done.

The counter has risen about 57% since it was more actively traded starting from Feb 21, as the government appeared to take a more positive stance with regard to the East Coast Rail Link (ECRL) project, lending hope to the continuation of other mega projects under review.

Ekovest shares, meanwhile, were traded two sen or 3.7% higher at 56.5 sen, after 33.65 million shares were done.

Both counters, which have a common major shareholder in property tycoon Tan Sri Lim Kang Hoo, were on Bursa Malaysia's most active list this morning.

Yesterday, Prime Minister Tun Dr Mahathir Mohamad said Malaysia is exploring proposals aimed at reducing the cost of the HSR project and will be discussing this further with Singapore before the end of the suspension period on May 31, 2020.

He told a joint press conference with his Singapore counterpart Lee Hsien Loong yesterday that Malaysia is also looking at affordable and sustainable alternatives to the Johor Bahru-Singapore Rapid Transit System Link (JB-Sg RTS) project.

@ Icon8888

Not allegation bro.
I believe you are quite wise in your investment.
Don't need a rocket scientist to figure out that Hydropower has better profit margin and less costs to maintain than a coal fired plant.
You should be able to figure it out one day.
I'll end my topic here before it dwells too long.


Posted by Icon8888 > Apr 10, 2019 11:21 AM | Report Abuse

Then you tell me how to count lah

We need details

Allegations not good enough


Posted by newbie8080 > Apr 10, 2019 11:08 AM | Report Abuse

ICON, your post on comparing MFCB's Laos Hydropower vs Jaks Hai Duong Coal fired plant, is not apple to apple comparison in term of earnings, costs, etc.

ICON, your post on comparing MFCB's Laos Hydropower vs Jaks Hai Duong Coal fired plant, is not apple to apple comparison in term of earnings, costs, etc.

KUALA LUMPUR (Nov 23): Ekovest Bhd has submitted a proposal to become a development partner of Bandar Malaysia, said managing director Datuk Lim Keng Cheng.

“They [Bandar Malaysia Sdn Bhd] are requesting proposals from local developers to identify development partners for the project, and we have submitted our proposal,” Lim told reporters after the company’s annual general meeting (AGM) today.

“We will participate in the project if we have the opportunity. We are not ruling out any possibilities,” he said, adding that the outcome of the proposal submissions would be disclosed next year.

The 486-acre development in Sungai Besi, Kuala Lumpur is a mega project with an estimated gross development value (GDV) of RM200 billion.

Due to Ekovest’s executive chairman and substantial shareholder Tan Sri Lim Kang Hoo’s stake in Bandar Malaysia, the directors have, at the 31st AGM today, proposed a renewal of shareholders’ mandate for recurrent related party transactions to pave the way for the company’s participation in the Bandar Malaysia development, he said, adding that the resolution was subsequently approved.

Kang Hoo is the executive vice-chairman of Iskandar Waterfront Holdings Sdn Bhd which owns 60% of Bandar Malaysia Sdn Bhd together with China-based China Railway Engineering Corp.

Phase 1 of Bandar Malaysia is expected to start next year and will cost between RM50 billion and RM60 billion. This phase will sprawl over 100 acres and is expected to be completed in six to eight years.

News of HSR will help booster Ekovest also, as Bandar Malaysia is also one of the station in Bandar Malaysia.

Previously Bandar Malaysia development news will also include Ekovest in the building of the iconic city.

11 months to completion of Duke3.
RM3.6 bil project valued at RM5.04 bil.
Valuation at 1.4 times as sold to EPF(as previous Duke 1&2)

KUALA LUMPUR: Gamuda Bhd and Kumpulan Perangsang Selangor Bhd (KPS) announced yesterday that they have resolved to accept the state government’s offer for Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH), confirming a report by The Edge Financial Daily published on Monday.

In a filing with the stock exchange yesterday, both companies said Pengurusan Air Selangor Sdn Bhd (Air Selangor) and SPLASH are expected to finalise the terms and conditions of the share purchase agreement (SPA) by Sept 14, 2018.

Last Friday, newly appointed Selangor Menteri Besar Amirudin Shari announced that Air Selangor had offered to buy out SPLASH’s water treatment assets for RM2.55 billion. The acceptance of the offer would mark an end to the water impasse in Selangor that started over a decade ago.

Based on the offer, Air Selangor will make an upfront payment of RM1.9 billion upon the signing of the definitive agreement with the remaining RM650 million being paid in instalments over nine years.

The divestment is expected to earn Gamuda an instant cash payment of RM760 million.

Sources said earlier that Gamuda’s 80%-owned unit Gamuda Water Sdn Bhd would also continue to be the O&M contractor, but with renegotiated contract terms between the company and the state government.

On the other hand, KPS is expected to receive an upfront lump sum of cash totalling RM570 million or about RM1.06 per share, with the remaining RM195 million to be paid in instalments over a period of nine years. A bumper dividend is said to be on the cards for KPS shareholders, according to analysts familiar with the deal.

Wow.
Suddenly so many good news for Gamuda.
Splash sold, ERCL resuming, Water NRW starting,4 tolls to be sold,etc

Seems the boss is slowly paring down their stakes. Each time by a lump sum.

05-Apr-2019 Insider DATO' DR NORRAESAH BINTI HAJI MOHAMAD (a substantial shareholder) disposed 75,000,000 shares on 04-Apr-2019.
05-Apr-2019 Insider MR WONG THEAN SOON (a substantial shareholder) disposed 75,000,000 shares on 04-Apr-2019.
05-Apr-2019 Insider ASIA INTERNET HOLDINGS SDN. BHD. (a substantial shareholder) disposed 75,000,000 shares on 04-Apr-2019.


26-Oct-2018 Insider DATO' DR NORRAESAH BINTI HAJI MOHAMAD (a substantial shareholder) disposed 50,000,000 shares on 23-Oct-2018.
26-Oct-2018 Insider MR WONG THEAN SOON (a substantial shareholder) disposed 50,000,000 shares on 23-Oct-2018.
26-Oct-2018 Insider ASIA INTERNET HOLDINGS SDN. BHD. (a substantial shareholder) disposed 50,000,000 shares on 23-Oct-2018.

ICON, DID YOU MISSED OUT THE BORROWINGS ?



1) EXISITING RM421 MIL (RM48 MIL P.A)
2) NEW BORROWING FOR POWER PLANT USD400MIL @ 6% P.A AT 18 YEARS TENOR (RM144MIL P.A)




So it would be RM276- RM144- RM48= RM84 mil.



# Don't forget your 102 mil warrants which need to be included in the future upon full conversion. Let's make it conservative at 585 mil + 102 mil= 687 mil



ESTIMATED EPS = 12 CENT ONLY



CORRECT ME IF I'M WRONG YA!

CHEERS

Looks like the CFO is either purely dumb stupid or truly wise.

Being a CFO, he would have certain qualifications required for the position.

Now assuming, he understands as much as DK66 in terms of J@k$ power plant project and with his "qualification" and years of working experience, he should be able to know his shares worth 3-5 year down the road.
I'm referring to half of DK66's average TP of only 400 cent.

Else, he must be an impostor working in J@k$ with fake certifications.
Then we would understand why he sold his shares prematurely. He somehow found a way into J@k$ as a qualified CFO.

Or he notice something that none of us saw including DK66's god level analysis and valuation. He utilises his skills and experience as CFO to value his shares worth against the future prospect of the multi billion dollar power plant.

Note: The above remarks are meant for my respond to the CFO topic trending and must not be construed as any buy or sell remarks. As the famous quote says ,J@K$ daily volume are in tens of millions, my remark will not impact the share price.

Looks like Gamuda will be focusing on PTMP and other overseas projects after the disposal of the major highways.
Probably a special dividend in the offing as well.
----------------------------------------------------------------------------------------------------------------------------------------------------------------
https://www.theedgemarkets.com/article/highway-takeover-could-set-precedent-malaysia

Related to BM (2018 article)

Some observers believe the government could sell the land piecemeal to the highest bidder as it is located in a prime area in Jalan Istana and Jalan Sungai Besi with easy access to the city centre and the south.
“The land is in a very prime area for future development, and many developers are eyeing it. Even without the HSR, the land will be able to fetch a high valuation, probably even exceeding the earlier valuation that IWH CREC [Sdn Bhd] was willing to pay,” says an observer.

-----------------------------------------------------------------------------------------------------
https://www.theedgemarkets.com/article/minus-hsr-whither-bandar-malaysia

Continued:

“For investors, a typical characteristic of it is that the dividend pusher and dividend stopper provides a safeguard to investors’ interest payments,” he says.

While the growing appetite for such type of securities may highlight the generally low interest rate economies are in today, it would be key to watch how would companies with high gearing cope when and if interest rates move upwards.

The low interest rate environment is a sweet spot for both borrowers or issuers of perpetual debt, who will appreciate the low interest or coupon payments while investors would appreciate a slightly higher than usual yield for higher returns.

“Investors will always look out for any opportunities for yield pick-up.

“Likewise, borrowers will be on the look-out for cheaper fund-raising alternatives – this will be true in such an interest rate environment,” Siew says.

A growing number of Malaysian companies using perpetual bonds to raise funds

Creative accounting with innovative financing methods have no limits, and perpetual bonds are certainly growing as an avenue of choice for companies to raise funds in Malaysia.

Malaysian Rating Corporation’s (MARC) assistant vice president for ratings, Taufiq Kamal, notes that perpetual bonds have a long history in the global financial markets, and are often issued by banks to support their capital structure.

This class of debt has grown in popularity today and its avenue for fund-raising is not just limited to financial institutions nowadays.

“Increasingly, we are seeing corporates issuing perpetual bonds in Malaysia,” Taufiq says.

This class of debt gives flexibility to companies to raise funds and at the same time keep their gearing levels under control without the necessary dilution in equity base.

Perpetual securities are usually classified as a kind of equity under the international financing reporting standard and increases shareholders’ funds of the issuer group.

It also reduces gearing ratios by taking these extra liabilities off the balance sheet and lowers perceived debt levels to allow for companies to take on new projects.

This class of securities are often listed on three exchanges in this part of the world, at the London Stock Exchange, the Hong Kong Stock Exchange and the Singapore Stock Exchange.

Analysts have not been alarmed by this development and are cautiously monitoring this emerging development among Malaysian companies.

RAM Ratings head of structured finance ratings Siew Suet Ming tells StarBizWeek that perpetual bonds are a hybrid instrument that has characteristics of both debt and equity where it pays a fixed coupon but has an indefinite maturity.

“However, it often includes step-up rates to incentivise borrowers to (fully) redeem the bonds,” Siew says.

She notes that RAM would evaluate the nature and terms of the perpetual security to see if it is more ‘debt-like’ or ‘equity-like’ and accord the appropriate treatment in its credit assessment.

“If it is structured to behave more equity-like, perpetual instruments can be used as a means to reduce gearing,” Siew says.

Taufiq says that perpetual bonds provide benefit to both issuers and investors alike.

Taufiq: Increasingly, we are seeing corporates issuing perpetual bonds in Malaysia.

He notes that perpetual bonds are ranked with very much less importance (deeply subordinated) to senior debts given that these instruments provide a higher yield than seniors bonds through a series of interest payments.

“We believe this class of securities issuance adds to the diversity of funding sources available to issuers.

“Given the absence of repayment schedule as would be the case for typical bond issuance, it affords better liquidity management over the medium term,” Taufiq says.

He however notes that from an accounting perspective, these class of securities are treated fully as equity which allows companies to enlarge its “equity” but with no dilution in their equity base.

“This allows companies to manage their gearing levels.

However, it does not mean that only highly geared companies resort to issuing perpetual bonds,” he says.

While from an accounting perspective perpetual were considered as equity, Taufiq notes that the same does not necessarily hold true from a rating agency’s perspective.

“The key factors we consider are the length of time before a redemption can be made (non-call period), ability of the issuer to defer coupon payments, and interest step-up period and rates,” he says.

“For the perps that we have rated, issued by Sime Darby Plantation Sdn Bhd and DRB-Hicom Bhd, the equity credit given was 50%.

“The ratings on the perpetual securities were two notches below the rating of the senior unsecured debt obligations of the companies to reflect the deep subordination,” he adds.

He also says that given perpetual securities’ ratings are anchored to the senior debt rating, companies that intend to issue these class of securities would need to have a sound senior credit rating.

“Otherwise, interest payments would need to be higher, making the issuance of perpetual bonds a non-viable funding source,” Taufiq says.

RAM’s Siew says most corporate perpetual bonds are structured to with a call date, with the coupon payment repriced or stepped-up beyond the call date.

She notes that the step-up in coupon payments are often steep enough to incentivise borrowers to redeem at the call date, which effectively gives the corporate or investors a certain perspective on its maturity horizon.

“Typically, investors would already factor its expectations for additional duration risk in return for higher returns in the pricing for the perpetual security,” Siew says.

Meanwhile, Taufiq notes that the wide acceptance of perpetual securities indicates that both issuers and investors are aware of risks involved.

“For investors, a typical

I think you should ask why the selling is strong?

@ Vulture123

It depends on how you value the new biz. Genting does look at it differently.

If the Equanimity does 1 trip every month with 22 guest paying luxury living for USD50k per pax.

It should be able to cover all the operating expenses and still manage to get a decent profit.

I know what many will respond, USD50K? That's impossible.
My respond to you all: You haven't seen the ultra rich live yet.

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Posted by Vulture123 > Apr 4, 2019 9:33 AM | Report Abuse

Beside Jho Low and ultra rich individuals, who will buy a super luxury yacht costing millions that can also burn additional millions every month (maintenance, operational costs, high depreciation etc.). I am a Shareholder and not happy with the hit to the bottom line.

Well, it would take some time before the durian trees mature and bear fruits.
If indeed, the company plans to diversify, it would require substantial stake in PLS eg: 60%-70% to be able to enjoy the profits.

In the meanwhile, enjoy Duke 3 rally 1st.

Haha.
To be honest, it's more the other way around.
The warrant had run ahead of the mother share.

It should be fundamental leads the way 1st follow by movement in price to justify.

The other way around mean purely speculation.

It's quite obvious that the completion of the power plant is getting closer and this excitement will bring more buyers.

However, it's still very dependent on the delivery of the power plant on schedule that will determine whether the share price is sustainable.
Of course, other concern such as the property division, whether it will continue to bleed and the impact on the bottom line is also another factor to consider.

Iskandar Waterfront Holdings Sdn Bhd — a joint venture between Lim’s Credence Resources Sdn Bhd, Iskandar Investment Bhd and the Johor government — is the master developer of Danga Bay.

“When I first got to Danga Bay over 20 years ago, the water was blacker than my trousers, and it was very smelly. Who would have believed that I would be able to transform it into a waterfront area? Nobody believed that the area would one day become an economic corridor for Johor,” Lim remarks.

Will he be able to turn PLS Plantations into another success story that can become a meaningful contributor to Ekovest in the long run? Only time will tell.

Wow.
Seems everyone is looking forward for ERCL to proceed and loading up before the news is out.

@ DK66

Read it.
Interesting view.
Thumbs up for responding.
Hopefully, your TP RM6 to RM10 is "achievable" based on your lengthy write up.

It reminds me when I was much younger,I used to have these high TP theories and fundamental write ups as well.

Cheers!
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Posted by DK66 > Mar 31, 2019 10:19 PM | Report Abuse

https://klse.i3investor.com/blogs/Jaks%20resources/199051.jsp

WOw.
It's been awhile since it reach this level.
Let's wait for closing to know more.

Overvalued already as compared to other banks.

Can put the durian biz aside.
Having it with profit will be a bonus.
Without it also no impact.
Better focus on the Duke 3 completion in 1st quarter 2020, just less than 1 year from today.

The dividend for latest quarter is 30% lower as compared to the same previous quarter in 2018.
No guarantee in any biz.
Besides, the company is not getting any replenishment of their orderbook since last year.

@ stockraider

Current order book only RM17 billion.
It will last them for next 10 quarters with average RM1.7 bil per quarter.

Historically, the company average net profit margin in 2014 was the strongest at between 15% to 20%.
Let's be conservative at 15%.

Thus, in the next 10 quarters, assuming the RM17 bil is fully realised, it would have brought in RM2.55 bil excluding any sale or disposal of asset.

Even if assuming at 20% profit margin, total net profit would only be RM3.4 bil for the entire order book of RM17 billion in the next 10 quarters.


HOW TO ACHIEVE YOUR RM3BIL TO RM5BIL PER ANNUM EARNINGS?????????

@ Tian Bao Ming

Funny bro.


Posted by Tian Bao Ming > Mar 12, 2019 2:52 PM | Report Abuse

Yes, QR must be shitty and I won't tell you total share in issue 563m while treasury stock 46.8m. This share is hopeless, pls dispose all before it become worthless paper.