Posted by Up_down > 2018-07-27 16:25 | Report Abuse

OTB. Congrats. You guys reunited would certainly give a boost to the undervalued companies in the market. I am just one of Ikan bilis surfing with Koon Bee wave. Lol

Posted by paperplane > 2018-07-27 16:28 | Report Abuse

Hi all, my humble opinion, lets look at Hibiscus. It can make money even when oil price was low.

Thus I guess it perhaps make double soon or triple with it current production capacity expand in recent acquisition?

RM2 is really not dream and also above it oil price continue to be stable near 70 USD

Posted by qqq3 > 2018-07-27 17:22 |

Post removed.Why?

Posted by ks55 > 2018-07-27 17:29 | Report Abuse

Posted by qqq3 > Jul 25, 2018 08:52 AM | Report Abuse

well, I still have a million $ EPF account, I have not touched.....now, that is compounding.

EPF account can talk about compounding, not your penny stocks value investing. You never know what happens next to your penny stocks.

my stocks today is about $ 300,000......ready cash about $ 300,000....I don't know whether I will reach the size of KYY by 80, but its a good target .





How old are you now, fake Accountant?
After retired only get 300k in stock, about 300k cash?
No wonder you cannot afford to send your children for overseas education!

Just imagine how good is your investment.
After 30 years in stock market, believe you did not make any money but merely loser.....

Posted by paperplane > 2018-07-27 17:32 | Report Abuse

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

Posted by Henly > 2018-07-27 17:37 | Report Abuse

If you look at Jaks chart since feb2018 the price was plunging, there wasn't any phase at all, what phase you are talking about ?

If you are so smart show your portfolio and your strategy, you have been no ball once. Talking nonsense with "phase" nah...

Posted by CharlesT > 2018-07-27 17:37 | Report Abuse

Hmmm...rm300k in stock n rm300k in cash n also claiming he has rm1m in epf (this one i hv some doubts)

Rm1.6m for a 60 years old retired senior ac executive or accountant...

Posted by TheGardener > 2018-07-27 17:37 | Report Abuse

LOW PE = EXCELLENT STOCK!? Not fully right!

Business Sense = Its for short term! How long to hold please!?

If yes for PE, can you please let me know are you buy into bjcorp, asia media, megan, mitra, nextgram (vivocom), alam, ta, tagb, aax, airasia and more......when all this stock around PE 5 or below!? I believe some of the stock currently is still around PE 5!

Please remember DEVIL and VALUE TRAP!

Who the DEVIL in Bursa Malaysia please!?

How to find out VALUE TRAP please!?

For current market, I will say no for long term.

If you still want to buy, the best industry should be financial institution!

Posted by qqq3 > 2018-07-27 17:39 | Report Abuse

well....life begins at 60 for me......

Posted by Kyou > 2018-07-27 17:40 | Report Abuse

Is tat consider low PE enough??

Posted by Henly > 2018-07-27 17:43 | Report Abuse

Retire ? come on KYY at 80+ still healthy, he never think of retirement even with huge some of money he own. He still taking up the challenge. Salute and thumb up

Posted by Up_down > 2018-07-27 18:19 | Report Abuse

OTB is not so gullible to invest/trade purely low PER stocks la. He his quite selective instead. There are many companies traded at PER less than 6x nowadays ie...Ken, Amprop, TA, Mulpha, Malton, MNRB, KSL, Choobee, Insas, Tomei, Prestar.... Wakakka

Posted by stockraider > 2018-07-27 18:30 | Report Abuse

JAKS ARE WASTING THEIR MONIES & RESOURCES & TAX PAYERS MONIES...BY APPEALING TO FEDERAL COURT LOH...!!

OF COURSE JAKS SOLICITORS WILL KEEP ASKING THEM TO INJUNCT BCOS MORE FEES MAH..!!

THE CONCLUSION OF THE COURT WILL STILL BE STILL RELEASING THE BANK'S GURANTEE MONIES LOH...!!

WHAT IS THE USE OF BANK GUARANTEE WHEN...PEOPLE KEEP INJUNTING TO PREVENT THE BANKS FROM PAYING OUT LEH ???

LET THE BANK PAYS AND SUE STAR IF JAKS HAVE A VALID CASE LOH...!!

MATERIAL LITIGATION JAKS Resources Berhad (JRB or the Company) Injunction on Bank Guarantee issued to Star Media Group Berhad (formerly known as Star Publications (Malaysia) Berhad) (STAR)

JAKS RESOURCES BERHAD

Type Announcement
Subject MATERIAL LITIGATION

Description JAKS Resources Berhad (JRB or the Company)
Injunction on Bank Guarantee issued to Star Media Group Berhad (formerly known as Star Publications (Malaysia) Berhad) (STAR)

Reference is made to the subject matter and the announcement made by the Company on 24 July 2018.

The Company's subsidiary, Jaks Island Circle Sdn Bhd's (JIC) motions for Erinford injunction were heard today before the Court of Appeal, which dismissed the same. The Company has instructed its solicitors to file an urgent application to the Federal Court for an interim order to prevent release of the Bank Guarantees pending JIC's leave application to the Federal Court.

This announcement dated 27 July 2018.

Posted by cytew > 2018-07-27 19:06 | Report Abuse

i see KYY's disposal is intentionally.. to teach the CEO a lesson.. disposal will be all the way till 80/90 range

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

The purpose of the sell-down is to kill off the warrant right issue proposal..

Posted by hollandking > 2018-07-27 19:08 | Report Abuse

i also suspect to teach ang lesson

Posted by Powerstock > 2018-07-27 19:09 | Report Abuse

I ada biz sense tak ikut kyy biz sense
kyy nampak nya ada ego besar
ini lah kelemahan kyy


I masuk Telekom Malaysia
TM dah naik
bila jaks nak naik??????

jual lah jaks, beli lah TM

Posted by Powerstock > 2018-07-27 19:10 | Report Abuse

kyy jual sampai 90 sen..dia boleh untung juga

Posted by Powerstock > 2018-07-27 19:11 | Report Abuse

u boleh tahan ke bila jaks menjunam ke 90 sen?

siapa boleh tahan? tetapi kyy boleh tahan
dia kaya mah

Posted by Powerstock > 2018-07-27 19:15 | Report Abuse

kos beli kyy rendah

jual 90 sen, dia pun boleh untung

tetapi kos beli lain orang tinggi

siapa menang?

siapa rugi????????

Posted by Powerstock > 2018-07-27 19:17 | Report Abuse

I dah buat ramalan

kyy akan jual jaks

harga jaks akan menjunam

Posted by paperplane > 2018-07-27 21:22 | 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 WCT_ > 2018-07-27 21:23 | Report Abuse

RM 50 million for Star to cover by RI?

Posted by cheoky > 2018-07-27 21:46 | Report Abuse

this time see no value by icon so called observed value in jek jek jek.

Posted by goldenluck16 > 2018-07-27 21:49 | Report Abuse

Avoid this counter....no prospect at all. You buy, you lose.

Posted by cheoky > 2018-07-27 21:59 | Report Abuse

uncle koon sold ranhill to relief margin call, thanks to jaks. so now between jaks and ranhill. which is more valuable relative to price? one with fussy utility biz in the future, one with immediate utility biz & improving demands????

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.