Posted by lching > 2018-07-27 22:19 | Report Abuse

surprised surprised........

Posted by tah16600 > 2018-07-28 09:19 | Report Abuse

Uncle KYY liquidates indirectly tell us that something is not right in the company oh! . Better "chau "

Posted by 3iii > 2018-07-28 09:25 | Report Abuse

>>>26-Jul-2018 Insider MADAM TAN KIT PHENG (a substantial shareholder) disposed 1,250,000 shares on 25-Jul-2018.
26-Jul-2018 Insider MR KOON YEW YIN (a substantial shareholder) disposed 770,000 shares on 25-Jul-2018.
26-Jul-2018 Insider MR KOON YEW YIN (a substantial shareholder) disposed 1,685,200 shares on 24-Jul-2018.
26-Jul-2018 Insider MR KOON YEW YIN (a substantial shareholder) disposed 2,050,000 shares on 23-Jul-2018.
26-Jul-2018 Insider MR KOON YEW YIN (a substantial shareholder) disposed 1,378,300 shares on 20-Jul-2018.<<<<



Probably due to forced selling by the brokers to meet margin calls.

Posted by popo92 > 2018-07-28 09:30 | Report Abuse

its been almost 2 years, i haven't seen the proven proof of how business sense works well. Jaks, hengyuan, sendai they have been in roller coaster mode and the only way to earn money from buying these stocks are pump and dump at the right price.

Posted by godhand > 2018-07-28 09:53 | Report Abuse

Posted by paperplane > Jul 27, 2018 05:32 PM | Report Abuse

haha. if want to retire, at least 2mil nowadays.



no. to retire u need money making machine when you are asleep

Posted by value88 > 2018-07-28 10:01 | Report Abuse

I also think that by looking at Jaks' stock price came down from RM1.80 to RM1.04, and therefore it is considered cheap may not be convincing.

My calculation on the core EPS (after excluding the one-off items like Subang Jaya land and property disposal gain & etc) for Jaks in FY17 is 75.5sen. Thus, at RM1.10 now, Jaks is selling at 14.5x multiple, which I don't think it is considered cheap.
There are other construction and property companies selling at much lower PE multiple than Jaks in Bursa now..and they are without the issues faced by Jaks currently, i.e. proposed right issue, lawsuit, major shareholder is disposing..

Posted by newbie911 > 2018-07-28 10:02 | Report Abuse

Right issue going to cancell?

Posted by value88 > 2018-07-28 10:03 | Report Abuse

I did spend some times in studying Jaks after its stock price plunged as I also do not want to miss any opportunity. However, I come to the conclusion that Jaks is still not cheap at current price.

Posted by einvest88 > 2018-07-28 10:14 | Report Abuse

gamuda n ijm drop to pe below 10 at lowest...many construction counters like gadang, mitra,econbhd,hohup etc..drop to pe btw 5-6...so for Jaks...pe of 5-6 is reasonable for px to hit bottom.

Posted by tah16600 > 2018-07-28 10:39 | Report Abuse

Company propose right issue normally got cash flow problem. That could be one of d reasons that make Uncle Koon start selling. Expert said follow what d major shareholder does, u won't be wrong.

Posted by apolloang > 2018-07-28 10:44 | Report Abuse

if kyy sell all his stakes,jaks will be less than 80cts....hehe

Posted by 3iii > 2018-07-28 10:55 |

Post removed.Why?

Posted by apolloang > 2018-07-28 11:00 | Report Abuse

1 for 2 warrants only,not 1 for 1 rights at 80cts with no free warrants.....hehe

Posted by 3iii > 2018-07-28 11:05 | Report Abuse

Under the normal circumstances, a company should be able to finance its additional purchase of assets from either retained earnings or new borrowing or a combination of the two. There are many examples of very fast growing businesses in Malaysia that have prospered without recourse to issuing rights (for examples: Nestle and BAT)

But, companies may have to raise new capital by making rights issues under three types of abnormal circumstances. These three cases are:

(1) The company is improperly managed such that it is either not very profitable (or even losing a lot of money) such that the incoming cash is not adequate to support the need to purchase more assets. Or owing to poor management of its assets, it now requires a lot more assets to support its operations.

(2) The company is moving into another line of business which is large relative to its current size and it requires a great deal of additional capital to start up the new venture.

(3) The company is in a very fast growing business. In fact, it is so fast growing that retained earnings and new borrowing alone are insufficient to sustain the growth.

In order to be a prudent investor, we must analyse the situation of the company which has announced a rights issue carefully to see which category it falls into in the first place.

Depending on which category of rights it is issuing, we can then carry out a further analysis to decide whether the rights issue is a good or a bad one.

Through examining each type of rights issue, an intelligent investor can tell the wolves from the sheep.

Pricing the rights also requires proper evaluation.




Comments: I generally will avoid rights issues, especially, those companies falling into category (1) above.

Posted by stockraider > 2018-07-28 11:05 | Report Abuse

THE PRACTICAL ANSWER IS NOT GOOD OR BAD FOR JAKS....IT IS PRACTICALLY NO CHOICE FOR JAKS....BCOS THEY ARE STUCKED WITH THE HIGH CAPEX AND THE STAR CALL ON THE BANK GUARANTEE WORSEN THE POSITION LOH...!!

PUT IT THIS WAY LOH...IF KYY START SELLING BCOS OF A MARGIN CALL DO U WANT TO FOOL AROUND BUYING JAKS MEH ??

IF U HAD POSITION BETTER SELL B4 TOO LATE, WHEN KYY SELINGS INTENSIFY LOH..!!

DON FORGET U STILL HAVE A RIGHT ISSUE TO DEAL WITH LATER AND THIS NEED MORE & MORE COMMITMENT OF RESOURCES MAH...!!

Posted by 3iii > Jul 28, 2018 10:55 AM | Report Abuse

Some rights issues are good, others can be very bad

Like most things in investment, rights issues are not simple matters.

Rights are not automatically "good things" from the shareholders' point of view. Some of the rights are good, others can be very bad.

Investors have to be careful and they should not rush in every time there is an annoucement of rights. They should classify the rights issue they are considering in accordance with the three categories indicated below:

(1) The case of the improperly managed companies
(2) The case of moving into new business area
(3) The case of the very fast growing company

They should purchase only those of the last category.

https://myinvestingnotes.blogspot.com/2010/01/some-rights-issues-are-g...

Posted by stockraider > 2018-07-28 11:11 | Report Abuse

HI PAPER,

THANKS FOR YOUR INFO, IN FACT I HAVE A POSITION OF RM 300K UNITS WITH AVERAGE HIBISCUS AT AN AVERAGE COST OF RM 0.73...I THINK OF INCREASING MY POSITION AS CRUDE OIL HAS GONE UP....BUT THE UNCERTAINTY SARAWAK PETRONAS DISPUTE ON ROYALTY AND CONTROL OF OIL RESOURCES PUT ME BACK, AS I DO NOT KNOW HOW THIS WILL AFFECT HIBISCUS....!!
Posted by paperplane > Jul 27, 2018 09:22 PM | Report Abuse

Raider bro. Forget those jokers. Theu buy their responsibility. Lets look at hibiscus this yr onwards. I believe their fundamental could be good if oil continue good

Posted by Karmareal > 2018-07-28 12:31 | Report Abuse

Icon8888 caught red handed with lie and non existence knowledge of margin financing.Koon admitted force selling on his trading account.Stop sharing margin financing know-how with info from "google"

Quote

In the first place, I don't believe in the forced selling story. If the bankers really wants to deleverage KYY, they can PLACE OUT JAKS SHARES TO INSTITUTIONAL OR HIGH NET WORTH INVESTORS THROUGH DIRECT BUSINESS TRANSACTIONS.

Unquote

Posted by 3iii > 2018-07-28 13:05 | Report Abuse

As KYY has admitted his shares in Jaks were forced sold, we can expect more forced selling to occur should the price of Jaks not be supported.

Posted by Koon Bee > 2018-07-28 13:28 | Report Abuse

Sialang in hibiscus better

Posted by paperplane > 2018-07-28 14:35 | Report Abuse

Thx raider bro on your opinion. But for me i think worth the risk taking even for now?

Posted by stockraider > 2018-07-28 14:42 | Report Abuse

Paper,
U need to do more research on their sarawak oil field exposure & impact b4 ....can confidently sailang loh....!!

Posted by paperplane > Jul 28, 2018 02:35 PM | Report Abuse

Thx raider bro on your opinion. But for me i think worth the risk taking even for now?

Posted by cheoky > 2018-07-28 17:16 | Report Abuse

That oildfiled could be deleted, required high tech extraction. Otherwise, shell would sell? Why sell a cow unless that is cow tua already

Posted by crownford_bl > 2018-07-28 21:27 | Report Abuse

crownford_bl Icon: Are you sure is the right time to get in? From today trading chart, there is a strong support for this stock. But also is the best time for Ang Lam Poh to kill Kyy. This guy is very capable especially in this case. I dont think Ang Lam Poh will miss this opportunity to FORCE SELL Kyy's shares. Furthermore, Kyy intend to reduce the stake in Jaks. He has no intention to acquire further.
27/07/2018 22:16

crownford_bl The price may drop further. I have a question may be you can help me to answer.... Since Kyy, Herbert, Ang Lam Poh are controlling so many stakes. The liquidation in market should be low. Why the price is still so low? Someone must be controlling the price- may be Ang Lam Poh?
27/07/2018 22:23

Posted by crownford_bl > 2018-07-28 21:29 | Report Abuse

Icon888: I dont think you know well about Ang Lam Poh before writing this article.

Posted by crownford_bl > 2018-07-28 21:31 | Report Abuse

Finally someone has revealed the fact
The STORY behind - JAKS
Author: Keechia96 | Publish date: Sat, 28 Jul 2018, 06:16 PM

Posted by paperplane > 2018-07-28 22:25 | Report Abuse

Yes raider bro. I need to do more study first. Thinking what kind of risk they would have besides oil prices.

Posted by pengembaraalam > 2018-07-28 22:58 | Report Abuse

bawah 50sen baru beli meh

Posted by SarifahSelinder > 2018-07-29 22:32 | Report Abuse

Icon u x cakap pun klu bukan margin call forced selling ape reason price jatuh ape dia??

I pun suspect oso cos kyy cost x tinggi sgt pun

Posted by davidkkw79 > 2018-07-29 22:47 | Report Abuse

If KYY cost not high,then high possibility that TOMORROW KYY will sell immediately as much as he can.

Posted by 3iii > 2018-07-29 23:48 |

Post removed.Why?

Posted by 3iii > 2018-07-29 23:50 | Report Abuse

Interestingly, KYY asked other investors to support this counter recently. Sadly, he faced margin calls soon after when the price fell too low.

Posted by stockraider > 2018-07-30 11:28 | Report Abuse

Why need to fear Jaks loh ??

1. Jaks construction, we all know is lousy....bcos they have rm 50 million bank guarantee being called by Star....due to project delay.

2. Vietnam Power plant...Murphy Law

2.1 It suppose to look attractive but they are not generating power yet, the current profit on construction is book entry profit on shiok sendiri accounting entry loh...!!
2.2 Jaks says it has subcontract everything to its china jv partner...but does its partner pay any profit to jaks on the works ??
Answer No loh...!!
2.3. The china construction co quite cunning loh...just look at msia ECRL and Suria fibre....no need to do anything, already draw 70% on value of the project on progress paymment.
Some more all payment are settle in china....how sure r u jaks interest is really secure and protected leh ??
2.4. The vietnam and china govt has always have an uneasy relationship...what if the dispute escalate leh ??
2.5. People is looking at green energy and here u r...with a coal power plant project....what if the vietnam govt slap it with a carbon tax leh ????

3.0 KYY kena force sell....what if another teething problem.......jaks will fall below rm 0.40 loh....!!
Like warren buffet says, do not bet your farmhouse on this dubious project and inefficient management, it is very toxic loh....!!

Posted by stockraider > 2018-07-30 11:31 | Report Abuse

If u press down...n try to sapu....how to get more rights warrant...when u have less entitle share leh ???

So this theory hard to believe loh....!!

I think KYY need to selldown....bcos he cannot tahan anymore loh...!!

Posted by Icon8888 > Jul 30, 2018 11:24 AM | Report Abuse

my conspiracy theory is that he is pressing down share price so that he can sapu as much rights Warrants as possible. He has done that before in Gadang

=========

SarifahSelinder Icon u x cakap pun klu bukan margin call forced selling ape reason price jatuh ape dia??

I pun suspect oso cos kyy cost x tinggi sgt pun
29/07/2018 22:32

Posted by Tom > 2018-07-30 11:35 | Report Abuse

warrant is just a speculate tool, I rather choose buy mother share at lower price than get more right warrants

Posted by stockraider > Jul 30, 2018 11:31 AM | Report Abuse

If u press down...n try to sapu....how to get more rights warrant...when u have less entitle share leh ???

Posted by ctooi > 2018-07-30 12:01 | Report Abuse

must be joking Too Cheap To Be Ignored..what a title .nothing seems to be working for this company..Avoid

Posted by CharlesT > 2018-07-30 12:01 | Report Abuse

I believe he really want to exit

Posted by CharlesT > 2018-07-30 12:13 | Report Abuse

One thing I dont understand...

How would a sane investor put in more than one hundred million RM to acquire more than 30% of a certain Co without having some consensus with the Boss....

In the earlier export co he invested like Hevea, Lii Hen (except Latitude) etc all later came out with corporate games like Bonus/Split/ Free warrant...maybe all due to his broker Ah Bee's hard work...

Posted by CharlesT > 2018-07-30 12:14 | Report Abuse

He never learn the painful lesson from XInquan not long ago??????

Posted by stockraider > 2018-07-30 12:16 | Report Abuse

Md ang is working with him mah....!!

Posted by CharlesT > Jul 30, 2018 12:13 PM | Report Abuse

One thing I dont understand...

How would a sane investor put in more than one hundred million RM to acquire more than 30% of a certain Co without having some consensus with the Boss....

In the earlier export co he invested like Hevea, Lii Hen (except Latitude) etc all later came out with corporate games like Bonus/Split/ Free warrant...maybe all due to his broker Ah Bee's hard work...

Posted by paperplane > 2018-07-30 12:23 | Report Abuse

xingquan is an obvious scam...read longtop financial cases in NYSE see, almost similar....

Posted by KLCI King > 2018-07-30 15:58 | Report Abuse

Icon asking people to buy while KYY was crazily disposing???

KYY kept asking people to buy & now change his position in less than 2 months!!!

Why now ICON8888 asking people buy? Icon's stock recommendation since 2017 until now are very weird, mostly all DEAD, just be more cautious!

(13 Jun 2018) JAKS: KYY's Proposal to Raise Funds - Koon Yew Yin
https://klse.i3investor.com/blogs/koonyewyinblog/161270.jsp

Posted by abang_misai > 2018-08-18 15:43 | Report Abuse

Agreed! Too cheap to ignore

Posted by stockraider > 2018-08-18 17:53 | Report Abuse

It is agreed it is a dead duck already mah....!!

Posted by hollandking > 2018-08-18 17:55 | Report Abuse

but can dead duck be used for something?

Posted by abang_misai > 2018-08-18 19:07 | Report Abuse

Terus goal

Posted by Invest_Sensibly > 2018-08-18 22:32 | Report Abuse

Icon8888 sifu, can buy more Jaks?

Posted by Lukesharewalker > 2018-08-20 03:20 | Report Abuse

idiot bought at circa 1.1 still listen to him?

Posted by unorthodox > 2018-08-20 04:02 | Report Abuse

Too cheap to be ignored? Jaks is a falling knife! A long way down before hitting the bottom!
Folks, stay clear!!

Posted by i3lurker > 2018-12-06 18:33 | Report Abuse

MAJOR COCK UP NOW

COCK UP MAJOR NOW

NOW MAJOR COCK UP

COCK MAJOR UP NOW

UP COCK MAJOR NOW

///////Barring a major cock up of the Vietnam project, you are likely to make money from your investment over the next 6 to 12 months./////

Posted by Alex™ > 2018-12-06 18:37 | Report Abuse

'The stock is now trading at significant discount to its intrinsic value,'...

haha....actually a lot of stocks are way below its intrinsic value, especially in market situation now....