INSAS BHD

KLSE (MYR): INSAS (3379)

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Last Price

1.04

Today's Change

+0.01 (0.97%)

Day's Change

1.03 - 1.04

Trading Volume

302,700


44 people like this.

46,057 comment(s). Last comment by TheContrarian 5 hours ago

Sslee

6,262 posts

Posted by Sslee > 2023-09-17 08:28 | Report Abuse

The Buddha defined karma as intention; whether the intention manifested itself in physical, vocal or mental form, it was the intention alone which had a moral character: good, bad or neutral. As one intends and acts, so does one become: one becomes virtuous by virtuous action, and evil by evil action

Sslee

6,262 posts

Posted by Sslee > 2023-09-17 08:41 | Report Abuse

As one intends and acts, so does one become: one becomes virtuous by virtuous action, and evil by evil action

So what is the intention of someone everyday hanging slander/fitnah banners everywhere and promote jaks day and night?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 08:52 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 08:53 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 08:55 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 08:55 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 08:58 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 08:59 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:00 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:01 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:08 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:09 | Report Abuse

## See Bad Intentions shl bring Bad Karma , same as yr Idol Callvin .

Coincidentally see from Petronm forum a person post lead me to YOCB forum , that you are Promoted Insas at price ard RM 0.79 .

Not Sell at RM 1.20 but Promoting at RM 0.79 ? How many Forums you went to Promote? Calvin record is ard 20 Forums ! Hahahaha..

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:10 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 09:11 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 09:12 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 09:12 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 09:13 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 09:14 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 09:14 |

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Dehcomic01

332 posts

Posted by Dehcomic01 > 2023-09-17 09:14 | Report Abuse

Price going up but its ROE over the past few years have been coming down. I also don't see anything in its quarterly performance. Goreng?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 09:15 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 09:19 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:34 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:37 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:41 |

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Posted by StartOfTheBull > 2023-09-17 09:48 | Report Abuse

What a Kon artist Lee. Seeing things blur blur or intentionally chose to ignore.

JAKS RESOURCES ACHIEVES COD FOR ITS’ 50MW SOLAR PV PROJECT
UNDER LSS4

The first to achieve COD for 50MW LSS4

Additional recurring income source for the next 25 years
PETALING JAYA, 21 AUGUST 2023 – JAKS Resources Berhad (“JAKS” or the “Group”), a construction
and power utilities group specialising in water and other infrastructure projects and energy
development, announced that its wholly-owned subsidiary JAKS Solar Nibong Tebal Sdn. Bhd. had
successfully completed and achieved commercial operations date (“COD”) for its 50-megawatt (“MW”)
Solar Photovoltaic (“PV”) Project under the large-scale solar 4 programme (“LSS4”).
JAKS was one of the successful players that won the bid for the LSS4 project for 50MW capacity
tendered by the Energy Commission of Malaysia in March 2021 and will operate under a 25-year
concession period until August 2048.
JAKS chief executive officer Andy Ang Lam Poah said, “We are pleased to share that JAKS has achieved
another important milestone with the successful commercialisation of operations for our 50MW Solar
PV Project. Completing the construction approximately 4 months ahead of schedule, we are proud to
be the first to complete the 50MW Solar PV Project among the LSS4 recipients.”
“The commercialisation of the 50MW Solar PV Project will provide JAKS with a steady stream of income
for the next 25 years. Moving forward, we will actively participate in more renewable energy projects
which is in line with the global drive to embrace greener energy solutions,” he added
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3377977

Posted by StartOfTheBull > 2023-09-17 09:53 | Report Abuse

And Kon Lee only wrote about LTIP in JAKS forum. A typical conman tried to mislead i3 readers.
*********
What Is a Long-Term Incentive Plan?
A long-term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value.

In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements. In some forms of LTIPs, recipients receive special capped options in addition to stock awards.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 09:55 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 10:56 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 11:02 |

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Sslee

6,262 posts

Posted by Sslee > 2023-09-17 11:32 | Report Abuse

Repost:
Stock: [JAKS]: JAKS RESOURCES BERHAD
Jul 18, 2023 1:24 PM | Report Abuse

Dun be silly!!
Its highly affordable.
=> Everybody only pays less than 10% of amount borrowed and all overdue interest is cancelled ....
... after company goes PN17


Posted by Sslee > 2 days ago | Report Abuse

LSS4 IRR is a poor single digit.
With borrowing of RM220 million and at increase interest payment will Jaks Solar Nibong Tebal make any profit?

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million)

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 11:46 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 11:48 | Report Abuse

Posted by Johnchew5 > 10 minutes ago | Report Abuse

Case study: JAKS Solar Nibong Tebal’s multilateral financing facility

By
Marlena Kareem
January 31, 2023

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).


AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).


The facilities will fund the development of a 50 MW fourth large-scale solar (LSS4) photovoltaic plant in Seberang Perai Selatan, in the state of Penang in Malaysia in addition to financing working capital requirements.


While JAKS Resources’s principal activity is the construction of power plants, JAKS Solar was incorporated specifically to undertake the development of the LSS4 photovoltaic plant in Penang.


The underlying asset for the multilateral facility is the solar plant which is inherently a sustainable power generation facility.
The Islamic facilities in the multilateral financing comprise a Murabahah Tawaruq term financing facility worth RM80 million (US$18.84 million), two bank guarantees worth RM27.5 million (US$6.48 million) combined and a Murabahah Tawaruq cash line facility worth RM5 million (US$1.18 million).


The bank guarantees consist of a RM10 million (US$2.35 million) facility with a complementary term financing facility with a limit of up to RM10 million and a second bank guarantee of RM17.5 million (US$4.12 million) with a Murabahah Tawarruq complementary term financing facility with a limit of up to RM17.5 million.


According to Ng Kit Ho, the senior vice-president of loan markets and debt markets 1 at AmInvestment Bank, the primary challenge faced by the bank in executing the financing facility was the time constraint.


“The time between execution of the power purchase agreement and financials was extremely tight (four months) and was over the festive period,” Ng told ISFI.


According to Albar & Partners, which acted as the legal counsel on behalf of the financiers in this multilateral financing facility, the guarantees required in the facility also posed a challenge.


“Tenaga Nasional, as the off-taker of the power project, would only accept one single performance guarantee for the performance of the borrower under this power project, therefore AmBank Islamic and UOB were required to enter into a fronting arrangement for AmBank Islamic to issue a bank guarantee to UOB as a fronting guarantor, who shall then issue its own conventional bank guarantee to TNB as the performance bond of the power project on behalf of the borrower,” the law firm shared.


While sustainability-linked financing is steadily increasing in popularity as a financing cost-saving mechanism, Ng shared that JAKS Solar had considered sustainability-linked financing but ultimately decided against it.


Listed on Bursa Malaysia’s Main Market, JAKS Resources’s activities also include construction, power, energy and property investment and it is involved in the development of residential and commercial properties. Its principal geographical areas for its operations are located in Malaysia and Vietnam.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 11:48 | Report Abuse

Posted by Johnchew5 > 8 minutes ago | Report Abuse



JAKS Solar Nibong Tebal: multilateral financing facility

RM112.5 million (US$26.5 million)

March 2022


Summary of terms and conditions
Islamic facilities amount RM112.5 million (US$26.5 million)
– Term financing facility RM80 million (US$18.84 million)
– Bank guarantees RM27.5 million (US$6.48 million)
– Cash line facility worth RM5 million (US$1.18 million)
Type of facility Mixture of project finance and working capital facilities.
Use of proceeds 1. Working capital requirements
2. Project costs including engineering, procurement, construction and commissioning works, professional fees, land leases and related expenses
3. Prefunding debt service reserve account
4. Financing cost of the facilities during construction
5. Fees and expenses in relation to the facilities
Tenor Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period)
Cash line facility: On demand
Bank guarantees: Up to two years (inclusive of claim period)
Profit rate/yield Undisclosed
Payment frequency Term financing facility: Monthly
Cash line facility: Quarterly/on demand
Bank guarantees: Not applicable
Legal advisor Albar & Partners
Governing law Malaysian law

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 11:49 | Report Abuse

Posted by Johnchew5 > 7 minutes ago | Report Abuse

3.) August to September 23 : Solar LSS4 Project commissioning .

👉 COD ( commercial operations date ) on 21/8/2023


>> Generate Profit RM 10 million per year with 25 years concession period.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 11:49 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 11:51 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 11:51 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 11:59 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 12:00 |

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qqq47660

8,946 posts

Posted by qqq47660 > 2023-09-17 13:57 | Report Abuse

Repeating ad infinitum jaks insas also no use.


Got use is buy byd and tesla

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 13:59 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-09-17 14:00 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 14:26 |

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Income

11,252 posts

Posted by Income > 2023-09-17 14:28 | Report Abuse

https://youtu.be/HNII3juvYFQ?si=iL1NHHr7bXQOkqzK
The most Chinese thing I ever experienced

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 14:28 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 15:16 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 15:24 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-09-17 15:32 |

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