Is the property development project firm in Q3 this year?? This company starting to diversify its business model which is good but must commit to make it happen.
really? The last QR releated...straight nose dive end of day Posted by Jun Yi Lim > Jun 19, 2017 01:49 PM | Hold it until QR, see you on the moon that time
Last QR improved only a little compared to Q4 2016, EPS remains same. According to the news, forecast 30-40% raise in revenue in this year. Depends on QR result now, QR raise 30% so as EPS, price will fly
We refer to the article entitled “JAG targets RM100m by year-end” appearing in New Straits Times on 15 June 2017, Section B3, Section News/Business, in particular, the following sentences, and wish to provide further clarification as follows:-
“JAG Bhd has set a target of 30 per cent increase in revenue this year”
“Executive director Stacey Tan Siew Ching said the company recorded a revenue of RM82.91 million last year and aims to hit the RM100 million mark by year-end”
The Board of Directors of JAG (“the Board”) would like to clarify that the above statement made by Datin Stacey Tan Siew Ching, Executive Director was in reference to the internal targeted revenue contribution of RM100 million for the financial year ending 31 December 2017 to be achieved by JAG’s Waste Management Division.
JAG and its subsidiaries (“JAG Group”) has recorded a total Group revenue of RM93.58 million for the financial year ended (“FYE”) 31 December 2016 whereby the revenue from the Waste Management Division was RM79.22 million, representing 85% contribution to the total revenue of the Group.
The Board would like to inform that as at 15 June 2017, the Waste Management Division has managed to secure larger value procurement contracts for the financial year ending 31 December 2017 which has seen a 40% increase in the value of procurement contracts as compared to FYE 31 December 2016.
Based on past experience of JAG Group, approximately 65% to 75% of the wastes procured from its suppliers would be processed thus translating to an expected increase of approximately 25% to 30% in revenue contribution from its Waste Management Division.
Premised on the above, the Management of JAG Group therefore deduced revenue of approximately RM100 million from its Waste Management Division for the financial year ending 31 December 2017 would be a reasonable target to strive for.
Kindly note that the above information disclosed are internal management targets set to be achieved by the Management of JAG Group and does not constitute a financial estimate, forecast or projection established by the Company. In view thereof, the above internal management targets have not been reviewed by Messrs. Russell Bedford LC & Company, the External Auditors of the Company.
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)JAG BERHAD ("JAG" OR THE "COMPANY")PRIVATE PLACEMENT OF UP TO 10% OF THE TOTALNUMBER OF ISSUED SHARES OF JAG (EXCLUDING TREASURY SHARES) ("PRIVATEPLACEMENT")
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Posted by Jun Yi Lim > 2017-06-15 15:42 | Report Abuse
HebeiFortune, where is yr Mr Ooi