Posted by probability > May 8, 2020 12:00 PM | Report Abuse

yeah....best is if they can show some sign that thwy will increase their stakes to 40%

may be sifu OTB can dig this info
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Ans :
Jaks will increase their stake to 40% once COD is in place.
May be less than a year after COD.
I was told in this way.
Thank you.

Posted by DK66 > May 7, 2020 12:40 PM | Report Abuse

I find it uncommon to attach 2 boilers to a turbine. Maybe that is the cause for slightly higher costs.
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Dear DK66,

You are right on these 2 items.
I was told these items are better modifications from Vinh Tan 1.
Likewise, the cooling system.
Thank you.

I do not know whether the project cost of USD1.87B for JHDP and USD1.75B for Vinh Tan 1 respectively is due to better design of JHDP.
I was told JHDP has a better design than Vinh Tan 1 because JHDP is built later and has a better design improvement after Vinh Tan 1.
Thank you.

Posted by hng33 > May 7, 2020 11:25 AM | Report Abuse

The point is that whether or not the same banker evaluate Vinh Tan 1, project cost USD1.75b vs. JHDP project cost USD1.87b based on their supercritical plant vs. subcritical plant OR based on power plant 12% project internal rate return?
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CEEC is the contractor for Vinh Tan 1 project only.
CEEC/CPECC is the contractor and also the owner for JHDP.

CEEC built a "Supercritical" plant for Vinh Tan 1 project.
Do you think that CEEC/CPECC is so stupid to build a "Supercritical" plant for Vinh Tan 1 project and build a "subcritical" plant for JHDP ?
I was told JHDP is more superior in design than Vinh Tan 1 plant because CEEC/CPECC is the contractor and also the owner of JHDP power plant.

In initial design and proposal stage, IRR 12% was proposed to Vietnam government.
IRR should be 15% for 7,238 utilization hours and 8.2B kwh output for actual JHDP power plant when it is ready.

The actual IRR for Vinh Tan 1 plant is 15%, likewise, JHDP power plant.

I was told by the management of Jaks during the meeting. It is confirmed via phone call in front of me by the chief engineer of CEEC in Vietnam on the spot when I ask this question.
Thank you.

Post removed.Why?

No.
I bought Comfort only.
I sold all Comfort today because the share price had hit my target price.
No bad made 100% profit.
Thank you.

Post removed.Why?

Yes.
My stock selection is not good this year.
I hope not to lose a lot is already a bonus.
My focus is on Jaks.
I just hope that Jaks will not disappoint me in 2020.
Thank you.

Dear probability and DK66,

(2) on all articles and news, Jaks had been only reporting 7.5B kwh annual power sales. This is 10% lesser than what Vinh Tan 1 sold 8.2B kwh. The high sales of Vinh Tan 1 is likely due to its nameplate output which is slightly higher than Jaks by 4% and exceptional power demand due to dry season in 2019
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I brought up this point during my meeting with the management of Jaks.
They called up the engineers in Vietnam on the spot to confirm the below information.
Utilization hours = 7,238
Output kwh = 8.2B kwh.
Thank you.

Post removed.Why?

Posted by DK66 > May 5, 2020 9:57 PM | Report Abuse

Aseng & OTB, please stop. You guys are making Jaks forum very unpleasant.
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No one is making a complain except Aseng.
I have no obligation to post everything in I3.
I need to be selfish if the situation warrants it.
I will not destroy the hands that feed me.
If the information is supposed to be confidential among my group, I will not post it in I3.
It is understood unless you have an unsound mind.
I do not have, hence I do it my way.

Some information is supposed to be confidential, how you expect me to post it in i3.
Are you having a sound mind here ?
I3 is a public forum.

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Posted by Aseng > May 5, 2020 9:50 PM | Report Abuse

that is what we are very unhappy

you come here to steal all the useful information free of charge to sell to your subscribers but refuse to share with us some useful information from Andy Ang do not forget you are our representative . am i wrong to call you selfish and unethical
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Ans :
I3 is a public forum.
I share what I like.
No one can stop me.
I am not a representative.
I just do a favour to DK66 to share some information many people cannot get.
I am an unethical person, Andy Ang will not want to meet me.
Selfish or unethical, let the readers here to judge, not you because you do not qualified to judge me.

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I3 is a public forum, when and which article I want to post is my business.
I have no obligation to post everything in I3.

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Posted by DK66 > May 2, 2020 11:55 PM | Report Abuse

What's remain within JHDP regardless of being 50% owned by Jaks currently will become 70% owned by CPECC in 3 years time. In view of this, personally, I do not think the auditor will agree to 50% sharing of profit to be recorded in Jaks' books unless the management has reasons beyond my knowledge to convince the auditor otherwise.

Anyway, lets wait for management response to OTB's query.
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Dear DK66,

The auditor confirmed the profit taken into consideration should be 30% only.
Thank you.

Posted by DK66 > May 2, 2020 1:35 PM | Report Abuse

Dear OTB,

Please clarify with the management on the following question

Is the proportion of "share of profit in JV" from JHDP to be recorded in Jaks financial statement in the first 3 years after the commencement of operation to be based on equity interest of 50% or economic interest of 30% ?
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Ans :
Your request had been sent today.
Please wait for reply.
Thank you.

Posted by DK66 > May 2, 2020 2:22 PM | Report Abuse

Dear OTB, if there is anything you need to know, please do not hesitate to ask me. I will do my best to provide you a satisfactory answer.
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I always have a sleepless night when I cannot answer any question raised by my subscribers on Jaks.
Hence you can notice that I even email you at wee hours to disturb you which I feel not so nice.
Thank you for your understanding and help.

Posted by DK66 > May 2, 2020 2:14 PM | Report Abuse

Even if Jaks is entitled to book 50% of the profit now, it will need to do a reversal after its equity interest reduced to 30% 3 years later.
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Ans :
30% stake is so good, no point to ask for 50%.
However, I was told the management of Jaks wants another 10% stake urgently.
I told them to swap Jaks Resources Bhd shares in exchange for 10% stake in JHDP, they still have not come back to me.
Thank you.

Post removed.Why?

Posted by DK66 > May 2, 2020 1:52 PM | Report Abuse

In any case, it is my opinion that the share of profit will be based on economic interest as the auditor is not likely to agree to book in 50% profit.
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Ans :
During my meeting with the management, they always said that they own 30% of JHDP. They never mention about 50% of the profit.
The management is very eager to buy up another 10% of JHDP urgently.
I will check on your question and advise you later.
I will direct the question to Mr Andy Ang.
Thank you.

Posted by DK66 > May 2, 2020 12:19 PM | Report Abuse

While I will research further, I would like to request Mr OTB to seek clarification from Jaks management if possible.
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Let me know, I will do it for you.
Thank you.

Posted by firehawk > May 2, 2020 11:46 AM | Report Abuse

From my understanding, Preference Share would not share the profit (unless it is converted to ordinary share), but entitle for dividend. Maybe i'm wrong .....
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Ans :
In Jaks case, Preference Share is entitled to dividend is good enough.
Not important to share the profit.
Am I correct ?
Thank you.

Post removed.Why?

Posted by joyvest > May 2, 2020 11:24 AM | Report Abuse

so buy call or sell call?..... recently one respectable guy was criticized for giving contradictory view......... but my view is that there is no contradictory view depending on the situation. As we are living in the dynamic changing world. the "buy call" can be turned into " sell call "and vice versa in the best interest of the investors... there is no harsh and fast rule by sticking to one sided decision only. ...............
Ans :
I read through all your postings, you are one of the smart investors in I3.
Keep up your good work.
Thank you.

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Dear Icon8888,
During the planning stage, the utilization hours used for planning purpose was 6,500.
After the plant is completed, the correct utilization hours used should be 7,238 (same as Vinh Tan 1 power plant). Hence IRR should be 15% instead of 12%.
7,238 utilization hours is confirmed by the management of Jaks to me after checking with CPECC engineers.
Please take note.
Thank you.

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Posted by gunter > Apr 30, 2020 10:36 PM | Report Abuse

OTB,

I am not upset that you revised down the earnings. If that was a genuine concern, the good intention is appreciated.
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Thank you for your understanding.

Posted by gunter > Apr 30, 2020 11:52 AM | Report Abuse

When market was at the lowest point, he told subscribers to stay out of the market. Those who listened would have cut loss.
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Dear gunter,
Please read the below posting.
I know you are my subscriber, I hope you can understand my good intention rather than angry with me after I revised down the earning of Jaks for FY2020.
Honest view is better than false hope view.

Thank you.
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Posted by pjseow > Apr 30, 2020 8:21 PM | Report Abuse

Hi Guys,in another few weeks, the 1st Qtr result will be out.
With the current developments of project delay plus mco,
pls do not be surprised if Public invest downgrade jaks
tgt price .Just be prepared unless you just ignore the write up.
I still hold a few hundred k of Jaks . Knowing public invest do not take into consideration the potential earning of power plant in the last qtr write ups, public invest will.continue to ignore the powerplant future earning.

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The answer is no.
You can say what you like.
We still have a lot of Jaks shares in our holding.
I am not that stupid to cause the share price of Jaks to go down.
It will not benefit all my subscribers including myself.
We also want the share price of Jaks to go up.
Do what you like.

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Aseng,
I am very disappointed with you.
You are the source of all these fucking problem.
I will blame you.

Post removed.Why?

Posted by Invest_168 > Apr 30, 2020 4:11 PM | Report Abuse

Market so good..but JAKS dont want to move...Damn it...All becos of the the stupid report!
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Ans :
You should blame the one who posted my article in I3.
I did not post it here, why blame me ?
So low standard to differentiate who is the bastard here.