Posted by Mikecyc > 2024-10-19 10:41 | Report Abuse

Haha the funny sotsotd said in Jtiasa wow Insas is a Value Trap …🤣🤣🤣

Posted by Mikecyc > 2024-10-19 10:50 | Report Abuse

Haha Jtiasa ? The sotsotd oredi shouting 2 times with TP linking to 52W high 1.53 …so desperate le n so funny as during promoting SCIB ..

Posted by Sslee > 2024-10-19 11:19 | Report Abuse

Aiyoyo Mike-tikus will jaks retest the 12 months low of 12 sen very soon?

Posted by Income > 2024-10-19 11:36 | Report Abuse

Posted by Sslee > Oct 19, 2024 9:30 AM | Report Abuse

I am trying hard to build a portfolio that earned me 200-300K after retirement so now gorvernment wants to tax 2% on my dividend

Know what all the super rich did not hold too much share directly under their name but indirectly under their private companies. So how to tax them?


？

SsleeSir, every year budget will increase dividend tax by 1% every year。How do you retire?
2 → 3 → 4 → 5 → 6 →7 →8 ％ helividend tax report to Lhdn，
If many companies give helividends,then you need to record each one and add up for Lhdn。Very time consuming? No more shake legs getting helividends.

Posted by Balian de Ibelin > 2024-10-19 11:36 | Report Abuse

Jaks should drop to 6 to 9 sen and then do share consolidation.
After share consolidation will drop again to 6 to 9 sen and then do share consolidation.

Repeat until turbine explodes then delisted

Posted by Income > 2024-10-19 11:44 | Report Abuse

Balian sir, u got helivilend?
Sslee sir, kena 2% kaw kaw helividends tax

Posted by Balian de Ibelin > 2024-10-19 12:02 | Report Abuse

I dun believe in dividends.
Once a while get when keep share across time.
All my friends have standing orders to credit dividends to only 1 bank account.
Add up total credits 12 times is your tax figure.

Posted by Balian de Ibelin > 2024-10-19 12:12 | Report Abuse

Dividends are a true zero sum game in stock market.
Now with a 2% tax, it's now a zero sum game -2%.
The receiver of the dividend is a nett loser

Posted by Mikecyc > 2024-10-19 15:58 | Report Abuse

Haha don’t be over pessimistic..but if Insas , better in FD … Jtiasa ? DY just started 3 years , after 2 years No Dividend .

Debated with KonLee on Growth n Dividend stocks … asked him what is his selection criteria? No reply as half past 6 pretending know everything!🤣

Posted by Sslee > 2024-10-19 16:02 | Report Abuse

Government intention is to tax prudent investor that like to invest in companies that can pay dividend and encourage more people into those fly by night speculative stocks

Posted by Mikecyc > 2024-10-19 16:09 | Report Abuse

Haha KonLee just said Yinson - Growth stock : Going to see 5 waves wow but didn’t know the waves name EW .

Jtiasa is Dividend stock wow ..

I am posted Scicom — small n steady , see the 5 years DY n Financial Ratios :

52w 0.755 - 1.180
ROE 20.76
P/E 11.24
EPS 6.85
DPS 6.50
DY 8.44%

Hoho is going to post in Yinson next week , scary finding .

Posted by Mikecyc > 2024-10-19 16:12 | Report Abuse

Haha that’s why KonLee still working alone in Indonesia at 64+…

Posted by Mikecyc > 2024-10-19 16:21 | Report Abuse

Haha I shl consider a Growth stock with ROE => 16 . n
CAGR 3Y n 5Y with TTM .

Posted by Sslee > 2024-10-19 16:31 | Report Abuse

Aiyoyo Mike-tikus
Growth mean you must have business expansion: Revenue and income growth Y to Y
No like jaks revenue become smaller and smaller but NOSH growth to billion.

Posted by Mikecyc > 2024-10-19 16:36 | Report Abuse

Haha old man never learned although debated with him the most after Calvin :

Haha Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

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


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.


B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)


2.) QR ended December 2023 :

Revenue: 4.3 Million , Loss ( 0.4 Million )


3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉( Note : Loss is due to Depreciation.)



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

800 MW CGPP winners even can sell RE electricity cross border.



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) CAGR : 3Y + 29.9 % TTM + 28.4 %

Posted by xiaoeh > 2024-10-19 16:39 | Report Abuse

Mike long time no see....
btw...
what price can buy Jaks....?

Posted by Sslee > 2024-10-19 16:44 | Report Abuse

Aiyoyo Mike-tikus,
Jaks growth for growth sake by borrowing RM 200+ million for LSS4 50MW solar power plant that hardly can make any money.

Posted by Sslee > 2024-10-19 16:49 | Report Abuse

When come to second half Jun-Dec cloudy and raining season jaks LSS4 50MW Solar Project in Penang most likely will be lose making

LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years
1.) QR ended September 2023 :
Revenue : 3.3 Million , Loss ( RM 1.4 Million)

2.) QR ended December 2023 :
Revenue: 4.3 Million , Loss ( 0.4 Million )

3.) QR ended March 2024 :
👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%

4.) QR ended June 2024 :
Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %

Posted by xiaoeh > 2024-10-19 16:51 | Report Abuse

Dear Sslee sifu
regarding DCF u mentioned before
may i know
1) what discount rate u use?
2) what duration u use (5 years?10 years? 15years etc)?

Posted by Mikecyc > 2024-10-19 16:51 | Report Abuse

Haha that’s why I said he never learned along the debate , I had learned from ethical Sifu 3iii on his posts during in Netx for 15 months , and latest in TSH .

On Jaks , after getting the moat Vietnam power plant 1200MW with EPCC RM 8.7 Billion …is a Turning point to Jaks ..

As JHDP is an associate company ( 30 % ) … did not take into Revenue account .. see the Share of Profit n Dividend and Jaks recent 3 years ( as COD on January 2021 ) Net Profit n Non Current Asset of Investment in Joint Venture.


—-

Posted by Sslee > 9 minutes ago | Report Abuse

Aiyoyo Mike-tikus
Growth mean you must have business expansion: Revenue and income growth Y to Y
No like jaks revenue become smaller and smaller but NOSH growth to billion.

Posted by Mikecyc > 2024-10-19 16:54 | Report Abuse

Haha he didn’t even know Current Ratio .. a company able to sustain how many months !🤣

—-

Posted by xiaoeh > 37 seconds ago | Report Abuse

Dear Sslee sifu
regarding DCF u mentioned before
may i know
1) what discount rate u use?
2) what duration u use (5 years?10 years? 15years etc)?

Posted by Mikecyc > 2024-10-19 16:58 | Report Abuse

Haha as usual he recycled my facts n figures as in Jtiasa .. oredi said face skin getting thicker … or easily lost memory?🤣

—

Posted by Sslee > 5 minutes ago | Report Abuse

When come to second half Jun-Dec cloudy and raining season jaks LSS4 50MW Solar Project in Penang most likely will be lose making

Posted by Sslee > 2024-10-19 17:09 | 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

Posted by Mikecyc > 2024-10-19 17:10 | Report Abuse

Haha that’s why Jaks diversified into RE sector :

1.) LSS4 50MW in Penang ( 100 % ) : COD on August 2023 .. shl contribute steady Revenue over 25 years .

2.) CGPP 30 MW ( 51 % ) : details see in Jaks forum …Shl contribute steady Revenue.

3.) Latest tendered LSS5 2000 MW EPCC RM 7.2 billion: partner again with Vietnam power plant China partner …

Jaks 51 % : CPECC 49 % submitted tender 200 MW ( with intention up to 500 MW ) … details in Jaks forum .

Tender award is scheduled to be announced on November 2024 .

If succeeded shl contribute steady Revenue.

Posted by Sslee > 2024-10-19 17:12 | Report Abuse

Aiyoyo everyone is recycle Mike-tikus facts and figures.
How thick is Mike-tikus punya face skin?

Posted by Mikecyc > 2024-10-19 17:15 | 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

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 > 2024-10-19 17:17 | Report Abuse

Haha Repost from Jtiasa :

Posted by Mikecyc > 1 day ago | Report Abuse

Haha as usual KonLee still twisting n diverting , why half past 6 cannot reply why FFB ( July to September) production output is fluacted so High ?


Haha just recycle my posted facts n figures :


Posted by Sslee > 17 minutes ago | Report Abuse

Aiyoyo is Mike-tikus only now know why jaks LSS4 is operating at a very thin margin and come rainy months will most likely inccured losses?

LSS4 winning bids of 18-20sen/kwh (for 30-50MW packages).
Jaks spend RM 200 million+ for 50MW LSS4.

Mikecyc
45,630 posts

Posted by Mikecyc > 1 day ago | Report Abuse

Haha after became a Kon from 2020 .. face skin getting thick n thicker le !!🤣

Posted by Sslee > 2024-10-19 17:24 | Report Abuse

Aiyoyo Mike-tikus not even know what is payback?

Example if I invested 100 million in the project in China I must make sure the total cash/dividend received in next 5 years must equal or more than 100 million

Posted by Mikecyc > 2024-10-19 17:25 | Report Abuse

Haha why so difficult ..


Jaks Resources Bhd (XKLS:4723) Intrinsic Value: Projected FCF : RM0.48 (As Of Oct. 19, 2024)


What is Jaks Resources Bhd Intrinsic Value: Projected FCF?
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-10-19), Jaks Resources Bhd's Intrinsic Value: Projected FCF is RM0.48. The stock price of Jaks Resources Bhd is RM0.13. Therefore, Jaks Resources Bhd's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.
The historical rank and industry rank for Jaks Resources Bhd's Intrinsic Value: Projected FCF or its related term are showing as below:


During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Jaks Resources Bhd was 0.81. The lowest was 0.24. And the median was 0.44.

Posted by Mikecyc > 2024-10-19 17:28 | Report Abuse

Haha during KonLee given Jaks FCF listing to Huang to post , I had mentioned DCF , n he is twisting here n there ..

Posted by Sslee > 2024-10-19 17:28 | Report Abuse

And for jaks since Jaks did not come up with any money (all borrow money) for LSS4 hence cash payback is unrelavant.

Posted by Mikecyc > 2024-10-19 17:34 | Report Abuse

Haha now is year 2024 … still doing manual calculations?? Information is more crucial, others can be google :

eg : KonLee promoted SCIB even the Major is on Force Sell on July 2024 .

And

Jtiasa 2nd Major ( 14 % ) is keep disposed shares from August 2023 to July 2024 , during price Uptrend ( balance 6 % ).

Posted by Sslee > 2024-10-19 17:36 | Report Abuse

Aiyoyo Mike-tikus untill now still did not know jaks past 3 financial year FCF is negative.

So how you get the intrinsic value of RM 0.48?
Or is this mean jaks need a total RI or PI amount of RM 0.48 per share to cover the nagative FCF?

Posted by Mikecyc > 2024-10-19 17:36 | Report Abuse

Haha recap on Jaks loans n borrowings:

a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.

b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.


👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.


👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.


> Loans n Borrowings = RM 473.4 million

Illustration:

1.) 473.4 - 206.4 - 70.6 = RM 196.4 million ( loans on LSS4 50MW project) .

> on Vietnam Power Plant 1200MW , EPCC RM 8.7 billion:

25 % equity ( shareholding 30 % ) = RM 600 million ( fully paid in Cash , No loans ).


75% loans ( shareholding 30 % ) = RM 1.96 billion


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


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


No wander JHDP started paying Dividend from yearly to Half year as at June 2024 .

Posted by Mikecyc > 2024-10-19 17:38 | Report Abuse

Jaks Free Cash Flow by Quarterly :

30/9/2023 :

Free Cash Flow : + 6.21 million
Free Cash Flow Growth : + 146.08 million

31/12/2023 :


Free Cash Flow : + 61.48 million
Free Cash Flow Growth : + 889.59 million


31/3/2024 :


Free Cash Flow : - 37.79 million
Free Cash Flow Growth : - 161.47 million



30/6/2024 :

Free Cash Flow : - 11.96 million
Free Cash Flow Growth : + 68.34 million

Posted by Mikecyc > 2024-10-19 17:41 | 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 > 2024-10-19 17:43 | 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 > 2024-10-19 17:43 | 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 > 2024-10-19 17:46 | 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 > 2024-10-19 17:46 | 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 > 2024-10-19 17:48 | Report Abuse

Jaks is Tong Sam Fah。 Very simple

Posted by Mikecyc > 2024-10-19 17:48 | 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 > 2024-10-19 17:50 | 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 > 2024-10-19 18:13 | Report Abuse

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

Posted by Huangbk72 > 2024-10-19 18:15 |

Post removed.Why?

Posted by Mikecyc > 2024-10-19 20:30 | Report Abuse

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

Posted by Mikecyc > 2024-10-19 20:40 | 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 > 2024-10-19 20:44 |

Post removed.Why?

Posted by Mikecyc > 2024-10-19 20:46 | 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 > 2024-10-19 21:17 | 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?