Aside from these, the Ang family and management team proven not capable. That's the fact. But element of luck may saved them. Like in the case of the Star's litigation

Buy this stock the best is using the leap of faith. TA & FA can't be used but pure luck. It may go up to 20 cents or even 30 cents under 2 conditions (i) stop issuing more shares (ii) finally they pay dividends from the proceeds of JHDP. Just need to monitor these developments

it is wasting time to use all the FA & TA in analyzing the counters. The people behind JAKS are operators; don't know how to manage businesses but high paid. the only way this company would go up is by crystallisation of the assets via disposal of non-performing assets and conversion of the profits of JHDP to cash flow

14 cents that is the barometer of failure of Ang Family

Ang family and the management team are pure disgrace to the Group. what they do best are taking the money from the shareholders

rubbish counter. our market is going up but yet JAKS is getting lower. how to make a million in this counter? haha, invest a billion and now you're a millionaire

we need someone that are more reasonably paid to get the job done. Currently, all the profits have been used to pay the management team

Survival of the fittest. Cannot take the setbacks then resigned

10 May 2024
Name MR ROHIT CHANDRASEKHARAN NAMBIAR
Age 43
Gender Male
Nationality India
Type of change Resignation
Designation Group Chief Executive Officer
Reason Due to personal reasons.

this counter cannot go up. Everyday is getting heavier with new shares been issued by the incompetent Ang family, management team for fund-raising to pay their high salaries and long-term incentive program. the ones that die in ditch are the shareholders after a decade long fighting but yet getting nothing.

this counter is a bit re tarded; it can go down but not up

this company lacks of fire power. too much of operating expenses of RM64m per month with highly paid Directors and management team. they are doing bad jobs since the IPO to grow the business

this is company that will keep paying you dividends. Don't worry. now RM500m earmarked & more to go. They have still a lot of assets

bad management team that are clueless how to turn around the business

I think he looks at its NTA per share of RM0.67 to work out the valuation. But he forgot about the quality of the assets, namely the poor investment properties and RM30-40 million write-off of receivables every year

how to value this company with DFC when it does not even have free cash flow. I use PE also cannot due to its erratic earnings. EV / EBITDA also not right. Price to book multiple also cannot due its poor quality of assets.

also growing in terms of the LTIP and management remunerations. Growing while the shareholders are suffering with growing miseries. Growing ...

Growth stock. It is but in terms of the issuance of shares every year. Since 2017 from less than 500m shares to 1b to 2b and now 2.37b and going to 2.7b shares soon. It is growing..... but its cash flow is depleting

they can plan for star and moon but we would get nothing. The reason is JAKS has an incompetent and lack of integrity management team. And the Ang brothers are not to be trusted

they planned for dividend reinvestment, got approved but yet after a year we haven't got anything

the management is dishonest and lack of integrity. During the last AGM, they envisaged an occupancy rate for both properties to be above 60% but instead now getting worse

Since this is an order from the Federal Court to restart the trial back to High Court and the Star lost the appeal, it is good for chance that that they can win this time.

This is considered the only good news for JAKS

this is a dinosaur business with overloaded highly paid directors and management team. the share price reflects it poor financials and working capital management. the highly paid management team some early 30s but with monthly salary of RM50k a month.

or doing nothing also better than JAKS management doing something. The Ang brothers have Sadim touch; everything they touch turn will ruin

This Company raised more than RM600m of funds via PP & RI for the last 5 years. Now he market capitalisation is RM350m. Meaning RM250m negative return for the last 5 years. It doesn't need a brain to to turn RM600m to RM720m by putting 4% in the FD for 5 years. But instead the Ang brothers just lost half the value of the new funds

this company is like an investment scheme that overpromised but never delivered. time for Bursa and SC to take action against the directors

Too bad this Group was managed by an incompetent management team together with the Brothers. What they are doing well is to squeeze shareholders money but no a business builder. with all the capital raised, this would be a RM2 billion company and not 2.37 billion shares issued. This prove that people in JAKS are brainless

there is still a silver lining, the energy business but provided that both brothers want to do that. Else they going to destroy his father's legacy

Andy Ang & his bro are going to destroy the legacy that his father built. It started as a decent water pipe contractor to undertaking major water and sewerage infrastructure projects. Under the helm of both brothers and incompetent management, it is taking a toll of its financials and businesses. Reputation of JAKS across all its business segments are like a rotten egg

it is a Group with trust issues. not only from the shareholders but other stakeholders too. that's why they need to keep venturing into new businesses

First rule is the overly paid CEO, directors and management team. Serious issue on their leadership, acumen and importantly conduct. They paid themselves well with free shares of RM12 to 14 million per year. All the businesses from the surface with good earnings but none cash flow generated. All the businesses ventured either loss-making or ended with legal tussles. They can never bootstrapped & generate its own cash flow. All reliance on the equity to issue money. to make things worse, there were many questionable impairments of receivables but no effort to get them collected

Rights issue is imminent to improve its balance sheet. Sot that it can restructure its loan. Its balance sheet is getting weaker

remember its market is not Malaysia, only serving 33m of population. It is serving Indonesia, Philippines, Vietnam and Singapore as well. all in all, 530m of population.

when we are looking into poultry business, we cannot choose all the players. scale does matter

once the selling exhausted, new batches of investors would come in. those that are seeing the value. Short-term it would back to 70 cents level.

with the size of LHI and its economies of scale, they are doing much better than its competitors. they can gain 25% more per kg of chicken they sell as compared to its competitors. And now they are getting market share from its smaller competitors as they wobbling with their operating costs. remember LHI is integrated and they have advantage on their downstream retail segment and also the feedmill business

Cash flow doesn't lies. RM1 b of operating cash flow and RM800m of free cash flow is commendable as cash is the king. they are doing right to reduce the capex from RM400m to RM200m now and focus on downstream so that they can expand the margins of its poultry segment. as for feedmill, it is not an issue as they are getting a healthy profit margin of c. 14% and as they increase their capacity it will grow. it bode well with the corn and soy prices stabilisation. i see that given a bit more time, we can see that they would have a consistent dividend yield of 5% per annum

some of its assets are loss-making including its durian plantation and shopping mall. it needs at least 5 years to start generate positive cash flow

As for now, the concern is worrying for this quarter as its current ratio is 0.7x. Meaning they have to restructure their debt & to raise more funds. It is likely that equity fund-raising is possible via rights issue or placement exercise

it is a bit worrying this time around on their debt loading of RM6.3b with interest rates of 5.5-6% while the toll concession assets only generated about 2.8% return. they haven't achieved the traction they needed as seek EPF extension for listing exercise. However, it will be forthcoming for the next 2-3 years for the listing of its toll concession assets

The finance cost is double the operating profit generated from the toll concessions. For such sizeable toll concession assets of RM7b, it is only generated about 2.8% operating profit and not even sufficient to cover its interest cost of between 5-6%

It may impede their ability to secure more projects in the future. It is getting risky with this weak balance sheet. That's why insiders are selling

Based on latest Q results, current ratio is 0.7x, means they would face difficulty to repay their short-term commitments. They need to commence negotiations to restructure their high debt on in jeopardise on default in debt obligations

ignored counters like YTL, YTLPower. it was a neglected counters. Now ...

Give it some time and you can see value would creep in..

Nope, if you're a value investor they offer good value proposition; fortress cash flow, cost leadership, with good vertical from upstream to downstream. They are taking over from the smaller players. they earn 30% more per kg of chicken as they are becoming bigger.

the most important is now it achieved above RM1b of cash flow from operating activities. It It is commendable as it can be used to repay a dividend to the shareholders

(i) we can expect revenue growth in 1HFY24 for the livestock segment due to higher ASP due to floating prices (ii) LHI is gaining more market share from the smaller competitors (iii) Stable margin from its feed mill segment (iv) its low capex and continued financial discipline to pare down debt would allow it to increase its profitability

LHI as the big bro. If it sneeze, everyone got a cold. you can see all the poultry companies got affected by LHI 10% contraction in earnings. But overall, I can see good development for LHI going forward