I bought it at 1.17 & cut loss T2 at 1.16 which was pushed up last minute at 4.50pm! In stock market, remember to base on the TA chart to take profit or cut loss!!
There is a saying about keeping to its own knitting
Jaks expertise is in Water. It might not be a spectacular business. At least it was safe.
But Jaks left to do Construction (See how now got entangled in Star Media lawsuit)
And then into the unknown Power Plant job in Vietnam?
So now run into trouble? Trouble of its own making
There is another Water Player over here in Singapore called Hyflux. Singapore is water scarce. So Hyflux has a very bright future turning sea water into drinking water for Singapore
Then Hyflux left its own knitting & ventured into Power Plant in Singapore Now Tuaspring is insolvent.... bringing down Hyflux?
Now what happened to Hyflux in Singapore mirrors the trouble with Jaks
Jaks Office is in Subang Jaya. Only 10 minutes by Car is the PJ Star Building in Limbo
If Jaks could not complete the Job at home do you guys think it can do a good job in Vietnam Power Plant so far away.
How much time already wasted in Court Litigatio. Then Federal Court. And still cannot then fly to UK for Queen's Counsel at the Highest London Court (Since Malaysia was once under British jurisdiction). How much distraction & time wasted. And with costs of legal fees piling up?
this article was made by assuming jaks going to burst and intent to freak out investor..why jaks create so many attention until this fellow spend his whole weekend writing few articles to condemn this counter, why dont spend your effort on counter you believe into?
Where were you when i promoted Jaks from 55 sen to 40 sen in December 2014?
At that time i issue very strong buy call for Jaks which fell on deaf ears?
As i see Jaks is in a precarious position due to its bloated price, its failed lawsuits and the stalled Building Projects for Star Media and its uncertain undertaking in Viet Power plant.
Its relentless private placement and dilution of shares. And now asking monies from shareholders?
Where will Jaks end of the end game be?
Lawsuits are costly. A distraction and waste of time. After wasting time in Federal Court will Jaks appeal to UK Court by employing Queen Counsel?
Meanwhile the stalled Star Media project will drag on with its costs over run while Jaks spent time in Courts?
So i am warning fellow i3 forumers to save themselves before greater losses befall them.
Well written article for rational investors, please read; especially the last few sentences stressed the importance of protecting ourselves even this stock has possibility of going up as there are many better stocks with no bad sentiment for now!
@calvintaneng, so you thing you are savior, but as far as i know, your call is not 100% accurate, so what make you so confident that this time you are right, i am sure if this counter does turn sour to become 40 or 50 cent, you will say you are god of stock, but if the result is opposite what you have predicted, would you brave enough to admit you are wrong?
Always remember the 1st rule of margin investors loh...!!
1. If u got a margin call...u sell...sell...and sell until....u clear ur debts loh....!! U don go and mark around....bcos margin call....is your savior alarm bell loh...!!
So if KYY an old fox...if he got a margin call..u think what he will do?
RAIDER JUST TO ADD IF JAKS CRASH BACK TO RM 0.40 IT IS NOT IMPOSSIBLE, JUST LOOK AT HOW MYEG, GKENT AND HENGYUAN COLLAPSE....IF THIS SUPERIMPOSE ON JAKS U CAN PERFECTLY SEE IT BELOW RM 0.40 LOH...!!
PEOPLE SAY THE 1ST CUT LOSS IS ALWAYS THE SMALLEST LOH...!! DO IT B4 TOO LATE LOH....!!
Nikmon @calvintaneng, so you thing you are savior, but as far as i know, your call is not 100% accurate, so what make you so confident that this time you are right, i am sure if this counter does turn sour to become 40 or 50 cent, you will say you are god of stock, but if the result is opposite what you have predicted, would you brave enough to admit you are wrong? 29/07/2018 11:18
Calvin replies:
No you got it wrong. I warned the people who chase IFCA from 7 sen to Rm1.00. IFCA still moved up to Rm1.50 in spite of my warning. Their Ring Leader NancyTang & Crischan even chased it all the way to Rm1.87 to proof that thet were correct.
In fact NancyTang proudly told all that she bought another 300,000 shares of IFCA at Rm1.50 (Rm450,000)
In the end IFCA crashed 3 times Limit Down to 25 sen & both NancyTang & Crischan disappeared from i3 forum
There is a saying about keeping to its own knitting
Jaks expertise is in Water. It might not be a spectacular business. At least it was safe. But Jaks left to do Construction (See how now got entangled in Star Media lawsuit)
And then into the unknown Power Plant job in Vietnam? So now run into trouble? Trouble of its own making
There is another Water Player over here in Singapore called Hyflux. Singapore is water scarce. So Hyflux has a very bright future turning sea water into drinking water for Singapore Then Hyflux left its own knitting & ventured into Power Plant in Singapore Now Tuaspring is insolvent.... bringing down Hyflux?
Now what happened to Hyflux in Singapore mirrors the trouble with Jaks Jaks Office is in Subang Jaya. Only 10 minutes by Car is the PJ Star Building in Limbo If Jaks could not complete the Job at home do you guys think it can do a good job in Vietnam Power Plant so far away.
How much time already wasted in Court Litigatio. Then Federal Court. And still cannot then fly to UK for Queen's Counsel at the Highest London Court (Since Malaysia was once under British jurisdiction). How much distraction & time wasted. And with costs of legal fees piling up?
Just think & be careful.
RAIDER ADD; VERY TRUE LOH....!! WHO IS HYFLUX V JAKS LEH ??
HYFLUX IS VERY REPUTABLE CO IN THE WATER INDUSTRY 10 YRS AGO...ITS NAME IS EVEN WELL KNOWN INTERNATIONALLY LOH...!! JAKS IS ONLY ONE OF THE MANUFACTURER OF STEEL PIPE FOR WATER INDUSTRY LOH...!!
IF VERY REPUTABLE HYFLUX CAN FAIL IN THE HOMEGROUND SPORE POWER PROJECT , DO U THINK JAKS CAN DO EXCEPTIONALLY IN VIETNAM POWER PROJECT MEH ??
REMEMBER WATER N POWER DOES NOT MIX BASED ON FENG SHUI STUDY LOH ?? THATS THE REASON U SEE TENAGA DID SO WELL WHEREAS BOTH YTL POWER AND MALAKOFF DID BADLY BCOS BOTH YTL AND MALAKOFF INVOLVE IN WATER PROJECT TOO.....WHEREAS TENAGA NEVER TOUCH WATER PROJECT LOH....!!
A CYCLICAL STOCK AT BOTTOM HAS LOUSY P/E AND ALSO GOT VERY LITTLE TRADING. AND PRICES ARE DEPRESSED. THAT IS THE CORRECT TIME TO BUY WHEN NOBODY IS INTERESTED
AT TOP THE P/E IS LOW AND LOOKS GOOD. THAT IS THE TIME WHEN MR MARKET CHASES IT. AND CERTAINLY IT IS THE TIME TO SELL.
BUT TO BE SUCCESSFUL IN BUYING CYCLICAL STOCK YOU MUST GO AGAINST THE CROWD. BUY WHEN 90% OF THE PEOPLE ARE NOT INTERESTED. THAT WAS THE CHUN CHUN TIME TO BUY JAKS AT 40 SEN
AND WHEN 90% OF THE PEOPLE GET VERY INTERESTED THAT MEANS EVERYONE WHO WANTS TO BUY HAS ALREADY BOUGHT....THEREFORE UPSIDE IS LIMITED AND THAT IS THE CHUN CHUN TIME TO SELL ALL AND RUN!
I think should correct sifu calvin perception of jaks is a cyclical stock loh.....!! Jaks is not a cyclical stock but it is worse a conman stock mah...!!
IT IS EXPLAIN BELOW LOH....!!
The Vietnam project...is internal profit recognition...no profit or value is really earn on this project as far now loh...!! The logic is this loh...if u had a ipp project....that can construct at rm 4.0 billion and u mark it up to rm 5 billion.
U go to the bank to borrow rm 5 billion....does that mean u make rm 1 billion ?? The answer is no loh...!! It is just a shiok sendiri...u make from yourself rm 1 billion....that is the logic mah...!! U only make when ipp start generating power loh...!! Just look at ipp Ytl power, malakoff and mudajaya are there doing really well ??
Thats the reason why jaks need rights issue...bcos the bank is not willing to finance so much loh...!!
SO IF U LOOK AT JAKS INTERNAL EARNINGS GENERATION MAKE UP....U NOTICE ITS EARNINGS IS STABLE LOH....!!
BUT IS THE EARNINGS REAL WEALTH GENERATION LEH ?? NO LOH...IT IS PAPER CREATED EARNINGS WHICH IS NOT REAL MAH....!!
Unlike cyclical stock...jaks is a worse investment...become u r not buying into a "real thing" loh....!!
A CYCLICAL STOCK AT BOTTOM HAS LOUSY P/E AND ALSO GOT VERY LITTLE TRADING. AND PRICES ARE DEPRESSED. THAT IS THE CORRECT TIME TO BUY WHEN NOBODY IS INTERESTED
AT TOP THE P/E IS LOW AND LOOKS GOOD. THAT IS THE TIME WHEN MR MARKET CHASES IT. AND CERTAINLY IT IS THE TIME TO SELL.
BUT TO BE SUCCESSFUL IN BUYING CYCLICAL STOCK YOU MUST GO AGAINST THE CROWD. BUY WHEN 90% OF THE PEOPLE ARE NOT INTERESTED. THAT WAS THE CHUN CHUN TIME TO BUY JAKS AT 40 SEN
AND WHEN 90% OF THE PEOPLE GET VERY INTERESTED THAT MEANS EVERYONE WHO WANTS TO BUY HAS ALREADY BOUGHT....THEREFORE UPSIDE IS LIMITED AND THAT IS THE CHUN CHUN TIME TO SELL ALL AND RUN!
I think should correct sifu calvin perception of jaks is a cyclical stock loh.....!! Jaks is not a cyclical stock but it is worse a conman stock mah...!!
JUST LOOK AT THE BURSA ANNOUNCEMENT ON DISCLOSURE OF DISPOSAL OF JAKS BY KYY...DOES IT IN ANYWAY REFLECT OR DISCLOSE FORCE SELLING BY BANKS ??
NO MAH.....!!
JAKS RESOURCES BERHAD
Particulars of substantial Securities Holder
Name MR KOON YEW YIN Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares
Details of changes
No Date of change No of securities Type of Transaction Nature of Interest 1 20 Jul 2018 1,378,300 Disposed Direct Interest Name of registered holder KOON YEW YIN Address of registered holder 65, LINGKARAN MERU VALLEY, MERU GOLF RESORT, JELAPANG, 30200 IPOH Description of "Others" Type of Transaction 2 23 Jul 2018 2,050,000 Disposed Direct Interest Name of registered holder KOON YEW YIN Address of registered holder 65, LINGKARAN MERU VALLEY, MERU GOLF RESORT, JELAPANG, 30200 IPOH Description of "Others" Type of Transaction 3 24 Jul 2018 1,685,200 Disposed Direct Interest Name of registered holder KOON YEW YIN Address of registered holder 65, LINGKARAN MERU VALLEY, MERU GOLF RESORT, JELAPANG, 30200 IPOH Description of "Others" Type of Transaction 4 25 Jul 2018 770,000 Disposed Direct Interest Name of registered holder KOON YEW YIN Address of registered holder 65, LINGKARAN MERU VALLEY, MERU GOLF RESORT, JELAPANG, 30200 IPOH Description of "Others" Type of Transaction
Circumstances by reason of which change has occurred Disposal of shares of 1,178,300 and 200,000 from TA account and Alliance account respectively.
Disposal of shares of 1,270,000 and 78,000 from TA account and Maybank account respectively.
Disposal of shares of 920,400 and 764,800 from TA account and Maybank account respectively.
Disposal of shares from HL account Nature of interest Direct Interest Direct (units) 109,356,400 Direct (%) 20.031 Indirect/deemed interest (units) Indirect/deemed interest (%) Total no of securities after change 109,356,400 Date of notice 26 Jul 2018 Date notice received by Listed Issuer 26 Jul 2018
Hi calvin sifu . I wish to know how you look at JCY now 27sen and still.downsrend. If I not mistaken ? I remember JCY is one of your deep undervalued comapny but currently you seem give up JCY as long time you did not recommend JCY already. Jcy still cash rich?
All stocks though undervalue will take time to unlock value in its own time.
Opcom i think you said Limit Up? It was chun chun after PH Govt won election.
I posted recently on Tambun at about 80 sen as Ikea in Batu Kawan will trigger interest. It was chun chun as Tambun now over Rm1.04 But don't chase After good news out.
We must buy value shares ahead of good news.
Good news will be catalyst to get attention from Reserch houses and investors.
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lachai2004
589 posts
Posted by lachai2004 > 2018-07-28 22:19 | Report Abuse
Recently too many counters had dropped about 75% , then only rebound! Counters like Gkent Malton MRCB WCT ....For whatever reasons.