Posted by KLCI King > 2018-12-01 09:02 | Report Abuse

Icon8888, please come & read here, here got more facts and solid references. And a more reliable and realistic Target Price is now revised to 0.65.

I normally don’t trust merchant banker’s tp, but still thousands miles better than Icon8888’s one, because one get info directly from management and the other one get from newspapers. Guess who is who? Winner get some sweets.

Posted by CharlesT > 2018-12-01 09:23 | Report Abuse

Even got profit in future also can hardly see cash div

Mark my word.

Posted by Lukesharewalker > 2018-12-01 09:37 | Report Abuse

has the 50 million penalty been accounted for? heard they refuse to pay up....
actually nothing going for it. property division is haemorrhaging and there is no cashflow from the Vietnam project. how long would the RI money last? no wonder drop so much..uncle must have ran away

Posted by apolloang > 2018-12-01 09:41 | Report Abuse

andy n uncle pakat pump and dump and take the money go Vietnam already.....rakyat stuck wif stock while they take the cash....hahaha

Posted by SarifahSelinder > 2018-12-01 09:50 | Report Abuse

Tis good news kan


So far, only RM591m has been recognized or only 31% of total construction cost of RM1.89bn with c.1.5 years to targeted completion date.

That said, management still believes that the power plant is on track to complete on schedule





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1,890,000,000 - 591,000,000 = 1,299,000,000


Balance 1,299,000,000 over next c.1.5 years


At profit 20% profit adalah c.259,800,000 in c.1.5 years


Profit c.43,300,000 per quarter



That said, management still believes that the power plant is on track to complete on schedule


Just slower tapi in c. 1.5 years


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Posted by SarifahSelinder > 2018-12-01 09:54 | Report Abuse

Selepas c.1.5 years reliable real ipp profit dari electric start

Posted by SarifahSelinder > 2018-12-01 09:58 | Report Abuse

TP lower to RM0.65 (from RM1.10 previously), derived from higher c.60% discount to our SOTP estimates of RM1.60 or effectively pegged at c.6x PER.


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Professional betul why suka suka cincai cincai 60% discount?



TP 1.60 shd not discount jz cos we would rather err on the side of caution



TP 1.60 yg betul



Mana ada big construction wit few contractors go evenly not erratic? Kadang kala kena tunggu contractor lain beres baru can take procession site kan ?


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We would rather err on the side of caution as power plant earnings continue to be erratic even though construction progress is believed to have been ahead of schedule just a few months ago.

Posted by apolloang > 2018-12-01 10:08 | Report Abuse

insiders and uncle already dump,no use see pe cannot come to above 1.00 already in a long time

Posted by RainT > 2018-12-02 00:53 | Report Abuse

the useless mall and the property segment ...should have sell off & recognise one off loss

rather than now every qtr also happen loss on this mall and property

HELLO JAKS management , please sell off your mall & property segment & recognise one time loss , to settle it , useless to continue to drag the whole company profitability

Posted by qqq3 > 2018-12-02 00:58 | Report Abuse

Posted by RainT > Dec 2, 2018 12:53 AM | Report Abuse

the useless mall and the property segment ...should have sell off & recognise one off loss

rather than now every qtr also happen loss on this mall and property

HELLO JAKS management , please sell off your mall & property segment & recognise one time loss , to settle it , useless to continue to drag the whole company profitability
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lol

Posted by shpg22 > 2018-12-02 01:05 | Report Abuse

This company never pay any dividend at all, like operating a kedai runcit. Theoretically there is no limit to downside, price can go down till 0.005.