Posted by Mikecyc > 1 month ago | Report Abuse

Haha take note Jaks Free Cash Flow Growth is in Non Current Asset of Investment in Joint Venture:


Jaks non current asset :

Investment in Joint Venture:

QR ended

> March 2016 = 128,297,000

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000
( note : Profit from Construction of the Power Plant is ard RM 400 Million .. Final COD on January 2021 )

> March 2022 = 748,656,000

> March 2023 = 829,105,000

> September 2023 = 897,378,000

> December 2023 = 904,495,000

> March 2024 = 936,836,000

> June 2024 = 943 ,960,000

Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo is Mike-tikus saying Jaks FCF all this while is positive and jaks PP is not for working capital and repayment of bank borrowing but for writting off receivables to benefit debtors?

Posted by Mikecyc > 1 month ago | Report Abuse

Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X


Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X


Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo is Mike-tikus now saying he do not know what is cash flow?

Posted by Mikecyc > Oct 19, 2024 5:41 PM | Report Abuse
Haha take note Jaks Free Cash Flow Growth is in Non Current Asset of Investment in Joint Venture:

Posted by Mikecyc > 1 month ago | Report Abuse

Haha KonLee own claimed FA Guru in Yinson but shy away … TA ? Worst lo as posted earlier on 5 waves !

Posted by Income > 1 month ago | Report Abuse

Jaks is Tong Sam Fah。 Very simple

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Repost from Jtiasa :


Posted by Mikecyc > 1 day ago | Report Abuse

Haha KonLee even didn’t understand what is Labour expenses n Capex , Current Ratio , Corporate Structure.

Even his 1st win n only win since investing from 2016 to 2023 is a Lies .🤣

Posted by Mikecyc > 1 month ago | Report Abuse

Haha better than the one posted wifey run away with Demusang ! 🤣

—

Posted by Income > 34 seconds ago | Report Abuse

Jaks is Tong Sam Fah。 Very simple

Posted by Income > 1 month ago | Report Abuse

https://youtube.com/shorts/-0EpMbwnKvw?si=FuHO-OuPP87pKCa0

Posted by Huangbk72 > 1 month ago |

Post removed.Why?

Posted by Mikecyc > 1 month ago | Report Abuse

Haha just a Kon gang le … until 2 aka id posted unethical content are banned permanently!!!

Posted by Mikecyc > 1 month ago | Report Abuse

Haha the initial post on Jaks FCF listing asked with KonLee usual style, after I said oredi deleted n reposted so fast !🤣

Posted by Mikecyc > 1 month ago | Report Abuse

Haha during in YTLpower forum , there r 2 groups of gang with abusive id n unethical contents .

The latter is Huang aka id .

As OTB agreed with me to post negative views on facts n figures.

Posted by Mikecyc > 9 minutes ago | Report Abuse

Haha just a Kon gang le … until 2 aka id posted unethical content are banned permanently!!!

Posted by Mikecyc > 1 month ago | Report Abuse

Haha and Huang is oredi proven a TinKosong from the 1st debate in Jaks , latter is proven many times , just a Kon twisting .

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Sslee > 3 hours ago | Report Abuse
IRR is the discount rate where the DCF become zero.
For project in China previously we only invest if the pay back period for the money invested should not more than 5 years

oic...
am i right to say that
Sslee sifu using DCF method to figure whether a project is worth for investing in 5 years time?

Posted by xiaoeh > 1 month ago | Report Abuse

*to figure out

Posted by Mikecyc > 1 month ago | Report Abuse

>> Pokkai TinKosongHuang joined the Kacukan 🐍Tippu Tippu gang ( even Tippu newbies membership fees RM 100 ) in TopGlove on 2024 to promote HK/China and US stock ____. Beware ..

Aka ID Marry n MrHuangbk n jc963852 are Banned permanently.




jc963852
jc963852 | Joined since 2024-03-22

This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.



Marry2506
Marry2506 | Joined since 2024-03-24

This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.

Posted by Huangbk72 > 1 month ago | Report Abuse

Mikecyc.. still chose to remain a pariah

U chose to slander me and saying that I have other accounts. Even claimed I owned so many accounts. U have proof?.. none as usual

Just like your proven gibberish in Jaks. Financially illiterate spewing nonsense. Luring until 24/25. Padan muka stuck now at 13c

Posted by Sslee > 1 month ago | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2020-05-14-story-h1507034143-JAKS_JHDP_IRR_12_what_does_it_mean.jsp

@xiaoeh you can refer above on Jaks IRR 12%.
The mistake we all wrong about JHDP is on the term loan. 25 years term vs 10 years term.
With 10 years term loan the cash flow is used to pay off the loan and very little leave for dividend payment to shareholders.

That is why I say only have a second look at jaks in year 2030.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha firstly :

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

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍


Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

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

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 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

Posted by Mikecyc > 1 month ago | Report Abuse

Haha secondly :

A) why Jaks profit from Vietnam Power Plant did not generate much FCF ( Free Cash Flow ) :

1.) Allocated in FCF Growth as Investment in Joint Venture and served as some kind of security on Loans ( although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years. ( Built- Operate- Transfer).

2.) Non current asset of Investment in Joint Venture is increased from :

> March 2016 = 128,297,000

TO

> June 2024 = 943 ,960,000


3.) 1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 :

Each year repaid loan amount = 0.196 billion

2021 to 2023 , 3 years = 0.588 billion

> 1.96 billion- 0.588 billion = 1.37 billion ( loans balance as at January 2024 ) .

>> Investment in Joint Venture as on June 2024 = 0.94 billion

👉Looks like the security on Loans is getting sufficient as JHDP is paying Dividend from yearly to half yearly as on June 2024 .

Posted by Mikecyc > 1 month ago | Report Abuse

Haha ssleee no more asking why Jaks pay loans in 10 years instead of 25 years .. 🤣🤣🤣

Posted by Mikecyc > 1 month ago | Report Abuse

Haha now sslleee understand what is BOT ? You ask a question earlier what is Jaks Vietnam Power Plant value after 25 years ( by 2046 ) …

Posted by Mikecyc > 1 month ago | Report Abuse

Haha sslleee still did not reply me that u show off how luxurious entertainment in China during as Business Development Manager :

My question: a Guangzhou boss normally will bring customers to where ( city ) for entertainment ?

If u had been there n the boss briefed on the city business situation..you might had 2nd opinion why still holding Xingquin!🤣

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Xingquin is delisted on September 2019 due to Accounts fraud …

Posted by Mikecyc > 1 month ago | Report Abuse

Understand the Key Contractual Obligations of the project award
 
Investment certificate
* JHDP shall be entitled to 10% tax rate for the full term of the project.
* JHDP shall be exempted from corporate income tax for 4 years and 5% tax rate for another 9 years from 1st year with taxable income or 4th year whichever is earlier.


BOT contract
* 25 years from commercial operation date (COD).
* The power plant shall be transferred to Vietnam Ministry of Industry and Trade (MOIT) at no charge after 25 years.
* JHDP shall pay US$60,000 per day per unit for each day of delay after the deadline. The deadline for unit one shall be 48 months and 54 months for unit 2 after the construction start date. Subject to max of US$15m.
* JHDP shall pay US$150 per KW shortfall below the contacted capacity which is 1112MW subject to max of US$8m.
* JHDP company may terminate the BOT contract due to Vietnam side default or government events such as war, invasion, terrorist, revolution, strikes, none performance of GGU, change of laws.
* In the event of non-government force majeure like earth quake, flood etc, either party can terminate the BOT contract and MOIT has to purchase the assets based on the terms set out in the BOT contract. However, MOIT has the option to continue to pay the capacity charges and JHDP has no right to terminate.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha as said if can paid in 10 years why extend to 25 years , do you know what Shl be the accumulation of interest amount !!!😱

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Ssllee may I ask which city exhibitions in China you had visited ? Not to mention Europe! 🤣

Posted by Mikecyc > 1 month ago | Report Abuse

Or Europe: Italy ? German ?

Posted by Mikecyc > 1 month ago | Report Abuse

Haha don’t be just a bookworm in investing / business!🤣

Posted by Mikecyc > 1 month ago | Report Abuse

Haha or India ?

Posted by xiaoeh > 1 month ago | Report Abuse

Posted by Sslee > 1 hour ago | Report Abuse
https://klse.i3investor.com/blogs/Sslee_blog/2020-05-14-story-h1507034143-JAKS_JHDP_IRR_12_what_does_it_mean.jsp
@xiaoeh you can refer above on Jaks IRR 12%.
The mistake we all wrong about JHDP is on the term loan. 25 years term vs 10 years term.
With 10 years term loan the cash flow is used to pay off the loan and very little leave for dividend payment to shareholders.
That is why I say only have a second look at jaks in year 2030.

Noted and Thanks Sslee sifu

Posted by Income > 1 month ago | Report Abuse

Posted by Mikecyc > Oct 20, 2024 9:53 AM | Report Abuse

Haha KonLee India callgirl is not cheap le .. not like u n lirker in Jln Alor le !🤣

？

This evidence you give showing you memang know the price for piling Indiagirl。
Haha. U at last reveal your JIn Alor - piling auntie secrets。
How do u know callgirlIndia not cheap?

Posted by Income > 1 month ago | Report Abuse

Posted by Mikecyc > Oct 20, 2024 9:53 AM | Report Abuse

Haha KonLee India callgirl is not cheap le .. not like u n lirker in Jln Alor le !🤣

？

This evidence you give showing you memang know the price for piling Indiagirl。
Haha. U at last reveal your JIn Alor - piling auntie secrets。
How do u know callgirlIndia not cheap, if you have not tried before?

Posted by Mikecyc > 1 month ago | Report Abuse

Haha tried when u r Young , not till Lee posted cannot up oredi !🤣

Posted by Income > 1 month ago | Report Abuse

Posted by Mikecyc > Oct 20, 2024 10:53 AM | Report Abuse

Haha on Jln Alor one , u need to ask sslleee le ..

When he show off his monthly luxuries lifestyle, one is on Massage ..

I said I normally go to The Spa … then he U- Turn !🤣


Mikecyc
45666 posts
Posted by Mikecyc > Oct 20, 2024 10:55 AM | Report Abuse

Haha tried when u r Young , not till Lee posted cannot up oredi !🤣


Mikecyc
45666 posts
Posted by Mikecyc > Oct 20, 2024 11:00 AM | Report Abuse

Haha even a HK singer cum x rated actress as replied to Lee n licker . Shl delete this post later


？

l oredi knew that you are playman。
Since Balian lurking said you piling business at Jln Alorboh!

Posted by Mikecyc > 1 month ago | Report Abuse

Haha a lot of wifey ke Income ??

Posted by Income > 1 month ago | Report Abuse

Demusang king, where?
Demusang king, not in i 3 。

Posted by Income > 1 month ago | Report Abuse

Case close for my wifey. No such person de Mustang king in i 3 boh!

Posted by Mikecyc > 1 month ago | Report Abuse

Haha did u give free one to yr older sibling pang7..?🤣

Posted by Income > 1 month ago | Report Abuse

I will go to Indon to find wifey. As sslee said can find wifey there。

Posted by Income > 1 month ago | Report Abuse

Why u disturb Insas forum? Go bek to Jaks

Posted by Mikecyc > 1 month ago | Report Abuse

Haha no wander he posted cannot up oredi …. Wifey Hari Harimau le !🤣

—-

Posted by Income > 1 minute ago | Report Abuse

I will go to Indon to find wifey. As sslee said can find wifey there。

Posted by Income > 1 month ago | Report Abuse

Upunya harimau kuat meh? Don't say about sslee，

Posted by Mikecyc > 1 month ago | Report Abuse

Haha yr wifey tak cukup makan ke , run away le !🤣

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Ssllee may I ask which city exhibitions in China you had visited ? Not to mention Europe! 🤣

Posted by Income > 1 month ago | Report Abuse

https://youtube.com/shorts/cEuAjYBbs_o?si=FJvgg9MkSU96DGv6

Posted by Sslee > 1 month ago | Report Abuse

Repost:
Aiyoyo Mike-tikus beside fake figures as facts also very good at slanderous and gibberish.

The ytlpower forum miss you a lot.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Yes mike🐀
1) purposely calculated YTLPower gearing ratio wrongly with mens rea to defraud suckers
2) purposely fraudulent claim with mens rea that Nvidia market share of graphic cards is 90% when info from US SEC shows 50:50 market share with AMD

mike🐀 is just a low class common criminal, minor peon in Bursa fraud syndicate.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha he showed off how luxurious entertainment during visited China ? Still twisting n diverting!!🤣🤣🤣

—

Posted by Mikecyc > 2 hours ago | Report Abuse

Haha Ssllee may I ask which city exhibitions in China you had visited ? Not to mention Europe! 🤣