Scary movie, Mahathir is at china negotiate trade, China agree to buy more palm oil, in return, Malaysia liberalize steel industry, what is the rational, this would result in reduce cost in building car, house and other which rakyat is the beneficial. China also divert those excessive steel result from trade world to other country, further than that, China said if you want want me to setup car plant in Malaysia, dont expect china to absorb the high steel price due to dumb duty.

Mahathir definitely will agree cause he want to ensure the national car price stay competitive. this will announce soon.

Scary movie part one...haha

the current sell down are due to KYY disposing his shares, if he continue sell then no hope for this stock untill he finish disposing. but if he stop selling, them the share price could stabilize.

moving forward, no body know whe he will stop, so no point speculate his move..just invest base on the company fundamental.

Property division is dragging Jaks performance badly, evol mall and falling star cause 10-20 million deficit in each quarter, jaks is selling land to cover the loss, but this wont last long. although they try to sell the evolmall but fail, try to complete falling star by this year is no longer possible. i went to the contruction side, from the outside i can see 3 block complete soon, (2 office and 1 residence), the rest still need another 6 months.

moving forward, if they success sell the evol mall and complete falling star by year end , else it will impact the financial badly.

IPP is the future for Jaks, it will bring Jaks to another level, but it does not come without challenge and risk. Funding is the main issue, it had 2 PP within a year..this has dilute the share, and the coming right issue also will dilute the share value..but it is almost done, with only 1 year ++ left before the phase 1 commence, this project had has started contribute, one third of 1.8billion received by jaks as at 1Q, another 1.2 million receiveable in next few quarter.

moving forward IPP will contribute more, currency myr down also will benefit jaks .

i guess lah OTB no violating any rule yet unless he

call buy at I3 but inform his member sell withing short period.

just an oppinion, What OTB sharing are all positive and what he believe. But

standard pratice is he should include the Risk and possible negative impact toward the company, example

Risk
1) electricity rate hike could impact the company bottom line
2) Cost to restruture and liabilitie result from the merger
3) slow down in infrastructure and propertt sector

https://www.pressreader.com/malaysia/the-star-malaysia-starbiz/20180507/281479277044461

the steel price in malaysia has been drop 5% in Q2, why OTB keep saying steel price increase?

was at jaya one morning, it seems like The Star Tower is ready for VP, workers are constructing road toward Star Tower. the rest tower need at least 3- 6 months to complete.

read latest business weekly, the article is skeptical regard prospect of steel industry in malaysia due to various factors, go buy no spoiler here

as long as KYY still selling, Q2 profit increase 100% also useless... the share dumb by him just too huge to be digested .....

for the last few quater, all steel company are benefit from record high steel price, but the price has been drop since Feb untill now, would it afftect LIon?

beside that, trump steel tariff has cause China and othe other country divert their steel to emerging country, any impact to local?

KYY has sold more than 10% share as at today, still holding around 18% which is 90 million shares, never anticipate him publish more article to push the price, just hope he will stop selling until the result out...

maybe Q2 result is not good, what you guy think?

today KYY sold 10 million share, cause got margin call from lionind...

i guess he sell jaks to support Lionind.....haha

roller coaster

Jaks was sold million of share at 11am pushing the price below 95cent,

at same time, Lionind price was pushed up at 11am.....coincidence??

steel prospect is so so only with Trump tariff, i guess he will abandon lionind very fast..

result out soon maybe today or next week,
kyy also out soon, next week or next month

wherether KYY will buy below 1 or not, no body can confirm,

but confirm that @traderman has bought in already....haha

Q2 result may out tomorrow...

i believe KYY still holding less than 90 million share, needs a least a month to clear all.....

CEO Ang should not call off the right issue instead he should consider restructure the right issue based on the suggestion by KYY

KYY selling again...before the first session end

@Lukesharewalker, this one off gain is big deal for Q2 result...since you are trader. if you are investor than yes not big deal for you.

@Lukesharewalker, Subang land sold completed in April, i though this will offset the loss in property division...you didn't read report and announcement?

@Lukesharewalker, ok, mark your word, result coming soon anytime...let see


Lukesharewalker quote : high potential this QR factor in 50 million liability

@lukesharewalker, just wonder based on what factor make you think that JAKS will provision 50 million in 2Q result?

based on the announcement, jasks has iterated that they will not pay the 50 million, so why should they provision 50 million? beside that they only own 60% of that development, they only liable 30 million only, why provision 50 million?

im not sure whether the coming q result green or red, but i don't think they will factor in 50 million liability

-
Total volume --Sale volume and % by KYY
8,901,500-- 4,766,400 53.55%
5,993,900-- 3,229,300 53.88%
13,388,600-- 7,427,800 55.48%
10,664,800-- 6,872,000 64.44%
20,174,500-- 6,850,300 33.96%

KYY increase the disposal volume per day but price change little, more than half of the transaction per day for last 5 days are belong to KYY....i guess someone is bailing out him by pushing price during pre-closing.

the price direction is all depend on one investor KYY, he started selling in market since 20-july, it has cause the share price drop 20%.

but KYY stop sell 3 days, price went up 10% in 3 days only!!

this mean once he stop selling, the price will go up tremendously.

@abcb, there are only 2 million share queue at RM1, so 1 million is belong to you and 1 million belong to Kyy...haha

@DK66, is the progress on time or not? from the announcement they have complete a lot of foundation...

7月24日下午，公司承建的越南海阳2×600MW燃煤电厂工程2号机组2号锅炉第一层钢架顺利通过验收，各项检验指标优良，得到验收人员的一致好评。

7 月 9日，由公司承建的越南海阳2×600MW燃煤电厂工程2号机组1号锅炉第一层钢架一次通过EPC、OE联合验收，各项检验指标优良，得到验收人员的一致好评。

@abcb, wait at 80cent to average down loh, ok lah since you so rich...

@longranger, not really lah, do you know that a lot trader (maybe you are one of them) waiting to catch it at 0.95-1.00?

check back the last time when Jaks dropped below Rm1.00, it rebound immediately and total 20 million share transacted during that day...which is record high volume transacted in a single day for jaks.

@abcb, ok la since you are millionaire

@hollandking, way of selling is abnormal, way of buying also abnormal, why buy million million of share at pre-closing, this will cost the buyer additional 10-20k...this has been repeated for the past few days.

@jeffng570, majority of them who comments here are trader, they are here to catch the rebound, they won't hold long...

@100001753743000, never follow KYY stock hence not sure about his track record. but do agreed that it is interesting to witness how KYY handle this crisis (i assume it is crisis for KYY). He just bought too much on this counter, based on the announcement, he and wife have left 14% and 8% share respectively. so very soon they will invisible from the public i guess in next 2 weeks, eventually their influence will fading.

once the cloud is clear, i just hope the coming good news (my wish) falling star VC and good Q result could lift up the price to the deserve value.

@100001753743000, 1960's....you are not young either, still do day trade!!

would KYY explain why are him keep selling? it is obvious that last week share sold is not result from force selling. Hope he will explain his motive soon, what he did may break the law...advice other to buy on 4-Aug but keep selling since then. He even use his new position to boots his influence in a public and reputable forum, im not lawyer but i think he might break the law and the evidence is there.

Amanah hold 38% share of velesto!!!! need money to pay dividend?

@leek, he had drank all the XOs already, now he spit out for every one to catch...

when price up, down group went missing

when price down, up group went missing...lol

@286210, confuse with other stock, Q1 was net profit......

@55sk, if you price warrant with premium who going to subscribe?? PP, warrant all will issue with discount. this standard practice..yes, this will flush out trader...

sure making loss in 2Q, maybe still better than Q1

I am not alone, i believe a lot of people also anticipating the warrant...haha

From 黄金10年
如今建筑工程正在吃紧的时候，非常需要资金周转，因此公司在6月建议2配1凭单，每凭单售价0.25令吉，以解决资金短缺的问题。恰巧的是，凭单假设性转换价在1令吉，公司的股价也渐走低至1令吉，这似乎导致凭单发售不受看好。如果按照公司有意以30%折扣来决定转换价，那么，其转换价可能调整到70仙了。不过，这纯粹是猜测而已

if the warrant issue price is cheap, the bigger shareholder is the main beneficiaries, provided you have holding power and cash to subscribe the warrant la.

of course this is assuming the IPP implemented as plan and close the development division successfully, price should be 1.50-1.80 by next year, so the warrant will worth around ...calculate yourself la..

for short term, forget about this stock la, no hope

but at this price, if they really issue the warrant as planned, then the final price will be super cheap. for them to the get the desired fund, warrant price will still remain at least 25 cent, but after the price tumble and to ensure the price is attractive for subscribers, they need to lower the exercise price which i guess would be around 0.6 cent.....haha, super cheap

KYY may stop selling for few days, then after that might reinstate the selling again...i guess guess only....

弃水管抢发电 捷硕(JAKS，4723)两头不到岸? you could read this article at lates business weekly, ....kyy does not publish any article to support JAKs this week...highly likely he will exit jaks fully within few months.