I have an experience working for a company that did JV with another company. There is no way to manipulate the JV's account, spend JV's money on the unnecessary. Even to appoint a sub-con will require multiple layer of approval. In short, if a JV company made money, it will be declared rightfully. There is no way the money goes to private pocket. Because of this ALP will not be able siphone out the JV's money.
Jaks' power plant is categorised as the first generation PPA which is comparable to the YTL Power's PPA in the 1990s where it is protected against rising cost of coal & currency exchange. In short, profit is guaranteed.
JAKS IRR 11% pa is in Dong.... U borrow USD n u receive Dong during the concession loh...anything can happen mah...!!
1. U may have teething problem. 2. There maybe dispute with the Govt. 3. There maybe dispute with JV partner. 4. Jaks maybe unable to raise the finance. 5. There maybe over spending on capex. 6. The operating cost may be wrong calculated. 7. The loan interest may go up. 8. The dong value may come down
Too many variable to say sure guarantee profit loh...!!
By the time all that is settled u won't get it at this price. You can't have the cake and eat eat too. In any investment there is always an inherent risk factor! When you start yr car and go out, what guarantee is there yr coming home or when you lay down to sleep toninght there is no sure thing yr going to rise tomorrow morning.
Already cut loss fella still refused to go away.. Kept coming back hoping to buy back lower.. Hahaha
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abang_misai
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Posted by abang_misai > 2020-08-16 17:04 | Report Abuse
Dk, abang sudah sangkut 350k@0.82.