Posted by Income > 1 month ago | Report Abuse

I recommend you to…
Use the knowledge you obtain and earn with it.
The ultimate modern flex:
• Have a great physique
• Stay anonymous
• Be filthy rich
Simplicity is the new rich

Posted by Income > 1 month ago | Report Abuse

Xiaoeh Sifu,
You don’t read books 📚 kah?
You are very knowledgeable person 🧍‍♂️

Posted by Income > 1 month ago | Report Abuse

I urge you to do this.
Wake up 5 AM
People dread at waking up early
But this saves you 3 hours before your day starts
Cultivate successful people habits
• Make your bed
• Take a glass of water
• Work out/ Take a walk
• Read 50+ pages
Success is hidden in your daily routine

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Income > 2 hours ago | Report Abuse
I urge you to do this.
Wake up 5 AM
People dread at waking up early
But this saves you 3 hours before your day starts
Cultivate successful people habits
• Make your bed
• Take a glass of water
• Work out/ Take a walk
• Read 50+ pages
Success is hidden in your daily routine

wah....
army camp
Income sifu do u practice the above...?

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Income > 2 hours ago | Report Abuse
Xiaoeh Sifu,
You don’t read books 📚 kah?
You are very knowledgeable person 🧍‍♂️

Sslee sifu is the one knowledgeable person 🧍‍♂️
Xiaoeh is a dumb one only know to talk cock

Posted by Income > 1 month ago | Report Abuse

My advice to you:
Grow a brand online
Here's how:
• Choose a platform ( Twitter/ Youtube or IG)
• Grow your audience
• Share your story
• Monetize

Tip: Hire a mentor to accelerate your learning process.
Leverage the internet to make money.

Posted by Income > 1 month ago | Report Abuse

Posted by xiaoeh > Mar 9, 2024 9:32 AM | Report Abuse

Posted by Income > 2 hours ago | Report Abuse
I urge you to do this.
Wake up 5 AM
People dread at waking up early
But this saves you 3 hours before your day starts
Cultivate successful people habits
• Make your bed
• Take a glass of water
• Work out/ Take a walk
• Read 50+ pages
Success is hidden in your daily routine

wah....
army camp
Income sifu do u practice the above...?





I am trying hard to achieve that one by one.
Not easy to be successful.

Posted by Sslee > 1 month ago | Report Abuse

At my age wisdom is more important than knowledge.
Wisdom come from experience as you apply your knowledge to work.

Posted by BLee > 1 month ago | Report Abuse

"Posted by Income >
I urge you to do this. Wake up 5 AM. People dread at waking up early. But this saves you 3 hours before your day starts.."

Good advice as early birds get the worm. Only problem is everybody gets 24 hours a day; 3 hours head start but most likely needs to sleep 3 hours early. Some of us could be better at working late hours? Just go with the flow.. It is always good to go to bed with a tired mind and wake up fresh the next day naturally. When we get older, a good night's sleep is a real bonus, forget about making more $ and bonuses. Tq

Posted by Income > 1 month ago | Report Abuse

Posted by Sslee > Mar 9, 2024 3:37 PM | Report Abuse

At my age wisdom is more important than knowledge.
Wisdom come from experience as you apply your knowledge to work.




Sslee Sir, this is because you have money 💰 already.
I am still B40. Inconsistent income.

But I get donations from Mr. Fox 🦊 mah??? Haha 😛

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Sslee > 1 month ago | Report Abuse

Repost
Jaks
Current assets: RM 591,235,000
Current liabiliaties: RM 536,599,000

Given jaks record of yearly impairment losses of receivables next year still need another PP for working capital
🥵🥶😇

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago | Report Abuse

Jaks had Cash Flow issue ??? The Answer is a No .

Starting from Vietnam Power Plant Construction, Jaks is keep allocated Capital Expenditure by Quarterly , increased the Non Current Assets to strengthen the Financial balance sheet ( as big projects will review capacity of the balance sheet ) , while maintaining a Minimum Current Ratio between 1.18 to 1.22 . As the 2 Cash Cow Projects is COD oredi with monthly Income for tenure 25 years .


Jaks

Investment in Joint Venture:

( & PPE )

QR ended

> March 2016 = 128,297,000

( PPE = 19,269,000 )

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000

> March 2022 = 748,656,000

> March 2023 = 829,105,000

( PPE = 273,041,000 )

> September 2023 = 897,378,000

( PPE = 299,238,000 )


> December 2023 = 904,495,000

( PPE = 296,599,000 )


—-

👉
2QR ended June 2023 :


Reserves . : 24,909,000


> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Gearing Ratio : 0.362X


>> Accumulated Profit on 3QR ended September 2023 : 350,327,000

Gearing Ratio : 3QR ended September 2023 : 0.352 X

👉 >> Accumulated Profit on 4QR ended December 2023 : 348,126,009

Gearing Ratio : 4QR ended December 2023 : 0.350 X

Posted by Sslee > 1 month ago | Report Abuse

Insas RI of RPS with free warrants.
Know what is RPS?

By the way know what are jaks RI?

Posted by Sslee > 1 month ago | Report Abuse

Know what is cash flow problems?
If no cash flow problems then why PP?

Posted by Sslee > 1 month ago | Report Abuse

Repost
Mike-tikus did not know the share of profit from associate company JHDP is just paper profit. What important is dividend from JHDP. Without the JHDP dividend Jaks will have cashflow problems and need another PP or RI for many year till 2030.

JHDP although reported very good profit but can't afford to give good dividend because the 75% loans taken to finance the project was changed into 10 years term loans. JHPD going to have cashflow problems depreciation is 25 years (good profit) but 10 years term loans (need to pay loan principal and interest in 10 year thus poor cashflow for the first 10 years)

Posted by Income > 1 month ago | Report Abuse

MikeCC kid 👦, jaks dropped below 19 sen . Now you lose how much???
Still got face to come here to preach ker???

Posted by Sslee > 1 month ago | Report Abuse

LSS4:Revenue contribution of RM4.3 million was recognised in the Group from this division. This division incurred a loss before tax of RM0.4 million in the current quarter due to the depreciation charges and interest expenses.

This one mean will have cssh flow problem in paying loan principal and interest for years to come.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha why Jaks QR ended December 2023 with Loss RM 24.8 Million :

There is a Loss more than RM 63 million in Local construction, esp on Pacific Star project ..which involved Legal Disputes with Star Media ..

After 6 years of Legal Disputes.. Jaks won on Star Media Appeal to Federal Court ( after Star failed in Court of Appeal ) on 7/3/2024 and can start the counter claim with Total over RM 540 million:

👉👉👉 “ JAKS then filed a counterclaim for the return of the RM50 million bank guarantee, together with RM248.24 million in liquidated and ascertained damages, and to claim RM297.04 million for loss of proceeds from a corporate fundraising as it claimed Star Media's suit against the company had affected its fundraising.“

Posted by Mikecyc > 1 month ago | Report Abuse

Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Grand Total = RM 529.089 Million

Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年



___

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


>>👉 1QR is Profit RM 14.08 million , 2QR is Profit RM 19.11 million , 3QR is Rm 7.15 million…4QR is Loss ( 24.8 million )

👉👉 Rm 37.787 million with Net Profit RM 15.527 million..

—-

Posted by Sslee > 1 month ago | Report Abuse

The problem with jaks why yearly impairment losses on receivables but so far no legal action taken to recovered the receivables but wasted so much legal fees to countersuit Star

KUALA LUMPUR (Jan 11): GUH Holdings Bhd is suing a joint venture (JV) of JAKS Resources Bhd for failing to abide by an adjudication decision that ordered it to pay GUH RM11.67 million, together with interests, costs and adjudicator's fees, following the termination of a work contract.

Posted by Sslee > 1 month ago | Report Abuse

Most likely than not most of the receivables in the book are fake/fraud.

Posted by Sslee > 1 month ago | Report Abuse

A way for insiders to syphon out the RI and PP money from jaks to their pocket.

Posted by Income > 1 month ago | Report Abuse

Posted by Sslee > Mar 10, 2024 8:23 AM | Report Abuse

The problem with jaks why yearly impairment losses on receivables but so far no legal action taken to recovered the receivables but wasted so much legal fees to countersuit Star







That receivables maybe Fakee , HOW TO TAKE LEGAL___ please fill in the blank here.

Posted by Income > 1 month ago | Report Abuse

Sebakk 2.0 for jak ker???

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Jaks LSS4 Project on Solar 50 MW which COD on 21/8/2023 .. Jaks is one of the 1st One to COD the LSS4 Project as Targetting LSS5 Project with 2000 MW in 2025 ..LSS4 tenure had been increased from 21 years to 25 years ..

LSS4 Project is COD on 21/8/2023 :

1.) QR ended September 2023 :

Revenue 3.3 Million , Loss RM 1.4 million.

2.) QR ended December 2023 :

Revenue 4.3 Million, Loss RM 0.4 million..

From QR ended December 2023 .. Insider comment:

3. Prospects.

The Power-Energy division’s LSS4 solar project will provide a reliable additional
income stream and is expected to contribute positively to the Group’s revenue in
2024 as the full year’s contribution will be factored in.

Posted by Mikecyc > 1 month ago | Report Abuse

Hoho Jaks is the 1st Company completed the LSS4 Local Solar Project among the 10 companies being awarded.. Commercial Operating Date on August 2023 … 



And also secured another Local Solar Project : 



3.A) This year on 7/8/2023 : 


On Monday, the Energy Commission (EC) announced that a total 563.42MW under the CGPP were awarded to 22 solar power producers. 



👉 With reference to the above, the Company is pleased to enclose the press release in conjunction with the successful bid for a 29.99MW solar photovoltaic project under the Corporate Green Power Program by JAKS Solar Power Sdn Bhd, a wholly owned subsidiary of JAKS, together with its consortium partners, Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. 
 

Posted by Mikecyc > 1 month ago | Report Abuse

Better returns await CGPP winners

Wednesday, 09 Aug 2023

PETALING JAYA: Winners of the Corporate Green Power Programme (CGPP) could potentially enjoy better returns compared to the fourth cycle of the large-scale solar (LSS4) projects.


MIDF Research said going by its initial ballpark estimates, the CGPP could reap internal rate of returns (IRRs) in the high-single-digit levels.


This is because the initiative, which will be utilising virtual power purchase agreements, is based on a willing buyer-willing seller approach.

“Under the CGPP, players are free to secure their own offtaker, hence giving better pricing power as opposed to stiff competition to supply to a single offtaker under the LSS auction mechanism,” said the research firm in a report yesterday.

According to MIDF Research, the CGPP tariffs are also likely to reflect a premium for environmental attributes like renewable energy certificates.


As a benchmark, the research firm noted that the Green Electricity Tariff sold by Tenaga Nasional Bhd


(TNB) was raised to 21.8 sen per kilowatt hour (kwh) effective August this year.
Meanwhile, the system’s marginal price under the New Enhanced Dispatch Arrangement (Neda) wholesale market is averaging about 25 sen per kwh as at June 2023, which is “a decently large premium to LSS4 winning bids of 18 to 20 sen per /kwh for 30-50MW packages,” it said.

Posted by Mikecyc > 1 month ago |

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Posted by Sslee > 1 month ago | Report Abuse

Allowance for impairment of receivables
RM'000
2023: 32,893
2022: 19,770
2021: 23,606
2020: 69,352
2019: 10,967

Posted by Mikecyc > 1 month ago | Report Abuse

Haha as for LSS5 2000 MW ..RFP is starting from April 2024 to December 2024 …Tender award is scheduled on 1st Half 2025 ..

Each Bidder can bid Up to 500 MW … with Project Capital is estimated RM 1.8 billion…

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Jaks counter claim Star media over Total RM 540 million , as Star Media filed Legal Suit on 2019 :

Posted by Sslee > 1 minute ago | Report Abuse

Allowance for impairment of receivables
RM'000
2023: 32,893
2022: 19,770
2021: 23,606
2020: 69,352
2019: 10,967

Posted by Mikecyc > 1 month ago | Report Abuse

Why Insas is involved in fashion business? Does not contribute much and is a distraction to management time.


The Company had invested in the Melium Group, which is involved in fashion and F&B businesses, since 1997, and the Company currently holds 43% equity interest in Melium. Insas has representation on the Board and EXCO of Melium and attend all Board and EXCO meetings held regularly during the year but does not get involved in the day-to-day operations.


Refer to QR ended June 2023 :


A) Administration Expenses = RM 6,917,000


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million


B ) Other Operating Expenses = RM 25,842,000 / Quarter


Refer to QR ended June 2023 : 


A) Administration Expenses = RM 6,917,000 


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 


B ) Other Operating Expenses = RM 25,842,000 



>>>, just the Administration Expenses = RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 



Total = RM 32.47 Million per year .🤩

Posted by Mikecyc > 1 month ago | Report Abuse

Insas


Refer to 4QR ended June 2023 : 


A) Administration Expenses = RM 6,917,000 


👉 RM 27.67 Million per Year … BOD remunerations = RM 4.8 million 


B ) Other Operating Expenses = RM 25,842,000


👎>>> , just the Administration Expenses = RM 27.67 Million per Year …

BOD remunerations = RM 4.8 million 



🤙Total = RM 32.47 Million per year .🤩



👎 B ) Other Operating Expenses = RM 25,842,000 per Quarter .


Included in Other Operating Expenses are the following items :


a) Allowance for doubtful debts

b) Bad Debts written off

c) Provision for Impairment Loss

e) Goodwill written Off


and other items..


> Refer 1QR ended September 2023 :

Other operating expenses

RM 17,650,000


> Refer 2QR ended December 2023 :

Other operating expenses

RM 14,755,000

Posted by Sslee > 1 month ago | Report Abuse

Jaks do not have money to bid for any new project and no bank want to finance jaks.

What ALP can do is signed as many MOU as possible so that he can justified his multimillion LTIP free grant.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha as said during 2017/2018 Mr.KY2 see the Value of Jaks with intention to Take Over ( holding 150 million shares under Margin Account, Chivo Capital posted is 30 % … Nosh is ard 483 million share ) … A disaster to both end ..and shareholders… 



There is RI in Warrant B issued with price RM 0.25 on 2018 , expired on End 2023 ..Ex price RM 0.64 … is changed to RM 0.34 on 2022 .. 



Those holding Warrant B are at Loss .. even the Jaks insiders ..

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago | Report Abuse

Haha Since Warrant B is expired on December 2023 .. n Jaks won the Star Media Appeal from Federal Court n can start counter Claim of over Total RM 540 million..

Looking at Jaks Warrant C with EX price RM 0.49 .. Expired on 2025 .. the balance volume if converted shl bring additional Funding of Rm 257 million..

👉👉👉 Jaks price is expected to be trending Up ….

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago | Report Abuse

Haha see this article:

Beware the value trap
TheStar Mon, Jan 29, 2024 02:40pm - 1 month

Posted by Mikecyc > 1 month ago | Report Abuse

Haha year 2024 Shl be a Good Year for investing while US elections on November 2024 .. don’t fall in the Value Trap …

Posted by Mikecyc > 1 month ago | Report Abuse

Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍

—-

Refer 3QR ended September 2023 :



Non Current Assets :


PPE. 299,238,000

Investment Properties 587,546,000

Investment in Joint Venture. 897,378,000

—-

Refer 4QR ended December 2023 :



Non Current Assets :


PPE. 296,599,000

Investment Properties 584,206,000

Investment in Joint Venture. 904,495,000



——

2QR ended June 2023 :


Reserves . : 24,909,000


> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Gearing Ratio : 0.362X


>> Accumulated Profit on 3QR ended September 2023 : 350,327,000

》〉Accumulated Profit on 4QR ended December 2023 : 348,126,000

Deposit placed with licensed banks = 22,222,000

Cash and Bank balances = 41,929,000
—

Haha Jaks got 2 Cash Cow Projects with Commercial Operating Date : 



1) Vietnam Power Plant : January 2021 with 25 concession years tenure . 



2) Local Solar LSS4 Project : 21 August 2023 with 25 concession years tenure .


>>

Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Grand Total = RM 529.089 Million

Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年



___

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


>>👉 1QR is Profit RM 14.08 million , 2QR is Profit RM 19.11 million , 3QR is Rm 7.15 million…4QR is Loss ( 24.8 million )

👉👉 Rm 37.787 million with Net Profit RM 15.527 million..

—-

Posted by Sslee > 1 month ago | Report Abuse

The problem with Mike-tikus is, I already take profit on insas but he still dumb dumb hold his jaks and now looking at how many digit book lose?

So die die also must promote jaks to lure suiyee billis to push high for him to dump.

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Sslee > 1 month ago | Report Abuse

Haha what do you expect from dumbass Mike-tikus whom can't read financial report, cut and paste his repeated gibberish and only good in slandering people who hold different opinion and telling the truth.