Posted by Mikecyc > 1 month ago | Report Abuse

Haha Let’s compared these 3 Power / RE companies :

Jaks : Price RM 0.135

NTA : 0.59
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.78 %


Solarvest: Price RM 1.59

NTA : 0.40
Current Ratio 0.27
Debt-Equity (DE) Ratio 1.23
FCF Yield -1.32 %



Samaiden : Price RM 1.04

NTA : 0.32
Current Ratio 2.37
Debt-Equity (DE) Ratio 0.73
FCF Yield -5.5 %

Posted by Mikecyc > 1 month ago | Report Abuse

Haha on cash flow , scroll up to see my earlier post :

Repost partially:

Haha illustration on :

Vietnam JV Power Plant RM 8.7 billion: 25 % equity, 75% Loans .

Jaks 30 % , CPECC 70 %:

8.7 billion x 0.75 x 0.3 = 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


👉Observation 1 : Non current asset of Investment in Joint Venture 0.94 billion as FCF Growth to be prepared for big projects and served as some kind of security ( on loans although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years.


👉👉Observation 2 : Vietnam associate company JHDP had been paying Dividend from yearly is changed to Half year:

2022 : Dividend RM 70 million
2023 : Dividend RM 27.4 million
June 2024 : Dividend RM 14.2 million

Posted by Mikecyc > 1 month ago | Report Abuse

Haha as said year 2025 is Jaks year :

After 6 years of Legal Disputes.. Jaks won against Star Media Appeal to Federal Court ( after Star failed in Court of Appeal ) on 7/3/2024 and can start the counter claim suit 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 Sslee > 1 month ago | Report Abuse

Aiyoyo
Mike-tikus still insist jaks FCF is positive🤣🤣😬

Posted by mf > 1 month ago | Report Abuse

WATCH: Israeli soldiers raise flag near Lebanon monument
Israeli soldiers have filmed themselves raising Israel’s national flag in the south Lebanon village of Labbouneh, near a monument marking the end of the 2006 war between Israel and Hezbollah.

A soldier fist-pumps the air and cheers as the flag is raised.

Watch the video below:

Posted by Mikecyc > 1 month ago | Report Abuse

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 Mikecyc > 1 month ago | 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 > 1 month ago | Report Abuse

Haha rip kon 🐍.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha KonLee still want to debate on my 2.) Growth n Dividend stocks !!!


How is yr Growth stock Yinson ?? still can see 5 waves ke ?? Why don’t know the waves name with E ??? 🤣🤣🤣

Posted by Mikecyc > 1 month ago | Report Abuse

Haha since KonLee had posted many times on Jtiasa replanting schedule, can brief forumers here Why FFB production output is fluctuating so High :

👉 Question 2 :

July-Sept: FFB MT

2019: 425,801

2020: 326,209 ( - 23.4 % vs 2019 )

2021: 195,447 ( - 54 % vs 2019 )

2022: 263,948 ( - 38 % vs 2019 )

2023 : 359,740 ( - 15.5 % vs 2019)

2024 : 343,397 ( - 19.4 % vs 2019 )


> From 2019 to 2021 FFB output is reduced by 54 % … 2023 is reduced by 15.4 % ..

> Compared 2024 July- September to 2023 is reduced by - 4.54 %


Hoho No wander the 2nd Major ( 14 % ) keep disposed shares from August 2023 to July 2024 ( balance 6 % ) , during Price is Uptrend.


>> Coincidentally FFB July- September 2024 Output is started reducing.

Posted by AlphaAdventurer > 1 month ago | Report Abuse

Jtiasa becomes so active out of the sudden. What happened? 😲

Posted by Sslee > 1 month ago | Report Abuse

Mike-tikus just release from jail and die die slso must promote jaks everywhere he go.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha why so jealous le Lee …don’t twist le :

Haha since KonLee had posted many times on Jtiasa replanting schedule, can brief forumers here Why FFB production output is fluctuating so High :

👉 Question 2 :

July-Sept: FFB MT

2019: 425,801

2020: 326,209 ( - 23.4 % vs 2019 )

2021: 195,447 ( - 54 % vs 2019 )

2022: 263,948 ( - 38 % vs 2019 )

2023 : 359,740 ( - 15.5 % vs 2019)

2024 : 343,397 ( - 19.4 % vs 2019 )


> From 2019 to 2021 FFB output is reduced by 54 % … 2023 is reduced by 15.4 % ..

> Compared 2024 July- September to 2023 is reduced by - 4.54 %

Posted by Mikecyc > 1 month ago | Report Abuse

Haha I did respect Cold eye investing strategy, eg : he said will not buy Wilmar ( the boss group) as the Return is Slow ..

But he really has cold eagle eyes , not like Calvin in Tsh .🤣

Posted by Sslee > 1 month ago | Report Abuse

Mike-tikus got eye but can't see. Still seeing jaks cash flow is positive.
Jaks more PP or RI coming for working capital and loans repayment

Dec-2023 31-Dec-2022
RM'000 RM'000
Net Operating Cash Flow (19,463) (80,946)
Net Investing Cash Flow (2,430) (73,445)
Net Financing Cash Flow 14,090 103,574
Cash & Cash Equivalents at end of the period. 23,748 29,719

Long Term Borrowings 428,741 432,932
Bank borrowings 60,040 57,862
Bank overdraft 6,037 10,935

Did Mike know that jaks creative accounting of putting interest paid under financing activities just to make operating cash flow look better?

Dec-2023 31-Dec-2022
RM'000 RM'000
Cash flows from / (used in) financing activities
Proceeds from issuance of share capital 38,272 711
Interest paid (21,287) (21,813)
Drawdown / (Repayment) of short term borrowings 2,178 (7,225)
Drawdown (Repayment) of lease liabilities 1,163 (228)
Drawdown / (Repayment) of bank term loans (5,354) 132,129
Share issuance expenses (882) -
Net Financing Cash Flow 14,090 103,574

Posted by Mikecyc > 1 month ago | Report Abuse

Haha KonLee why don’t post in Jaks forum le … still twisting as Kon tricks n half past 6 ke ,🤣:


Posted by Mikecyc > 1 hour ago | Report Abuse

Haha why so jealous le Lee …don’t twist le :

Haha since KonLee had posted many times on Jtiasa replanting schedule, can brief forumers here Why FFB production output is fluctuating so High :

👉 Question 2 :

Posted by Mikecyc > 1 month ago | Report Abuse

Haha recap on Jaks :

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. Note : see Details as posted earlier.

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 .


B) Revenue n Profit from LSS4 Solar project 50 MW in Penang starting 2024 .

👉👉👉(TNB) was raised to 21.8 sen per kilowatt hour (kwh) effective August 2023 .

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,” .


Illustration with TNB 21.8 sen per kWh .

Bids 18 Sen per kWh : Profit 21.11 %

Bids 19 Sen per kWh : Profit 14.74 %

Bid 20 Sen per kWh : Profit 9.0 %

Jaks 50MW LSS4 50MW project with cost RM 200 million , ie RM 4.0 million per 1MW ) in Penang is among the 1st which completed n COD on August 2023 .


QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18.11 %


QR ended June 2024 :

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

Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo,
Mike-tikus until now still cannot understand share of profit from associate company is just an accounting paper profit and did not contributed to cash inflow.

Only dividend from associate company is cash inflow from investing activities.

Posted by Mikecyc > 1 month ago | Report Abuse

👉👉as posted earlier, year 2025 shl be Jaks year .

P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .


👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.


>> Case Management:

1.) 8/5/2024

2.) 11/7/2024

3.) 11/10/2024

And the Losses from Star Pacific project can be reduced in view of :

1.) occupancy n tenancy



PACIFIC STAR
Section 13, Petaling Jaya
Pacific Star is an elite mixed development project located on 6.04 acres land at Section 13, Petaling Jaya with Gross Development Value of RM1.08 billion. The Group acquired the land from the Star Publications for RM135 million and the payment for this consideration would be the construction and transfer of an office tower to the Star Publications. This development consists of 5 blocks for residential units and commercial space purposes.


Star Publications has exclusive rights to Tower A, while Tower B, also an office suites, has 258 units. Tower C on the other hand consists of 191 units of semi-D like homes. Tower D consists of 156 units of serviced apartments located on the 10th to 24th floor. Meanwhile, Tower E consists of 310 units sprawled over the 10th to 33th floor.


There are 4 levels of basement car parks, 4 levels of retail units, 3 levels of office suites and 6 levels of elevated car parks.


👉And further if can monetise the property segment assets :

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.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha why Insas so cash rich but repeatedly issued RI ( total RM 320 million) to pay bridging loans !!!

Posted by Mikecyc > 1 month ago | Report Abuse

Haha on Jaks :

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

Government guarantee (GGU)
* The GGU provides Vietnam Government Guarantee on all payment obligations of MOIT under the BOT contract and the EVN under the PPA.
* The guarantee on PPA is for 18 years from COD, and the full term of the BOT in the case of MOIT.
* Guarantor shall also pay interest on any sums outstanding.
* GGU also guarantee USD currency conversion and right to remit
* repayment of principal, interest, etc under financing document
* quarterly and annually profit distribution to JPP
* repayment of charter capital
* any expenses due to contracts goods imported
* any expenses due to foreign service contracts
* any payment that are due in foreign currency
*
Power purchase agreement (PPA)
* EVN shall purchase dependable capacity and the net energy output from JHDP.
* JHDP shall finance, design, build, operate and maintain the power plant.
* PPA shall have a duration of 25 years from the COD.
* No sales to third parties other than EVN.
* Non-recourse obligation precludes EVN from further right or claim against or recourse to the investors other than the assets of the BOT company (Vinh PPA)
* Liquidated damages payable by BOT company for outages beyond allowable limit at 105% of capacity payment (Vinh PPA)
* Liquidated damages payable by BOT company for Output at delivery point either less than 97% or more than 103% of output required under dispatch instruction at 5% of capacity payment (Vinh PPA)
*
* JAKS’ POWER PURCHASE AGREEMENT WITH VIETNAM ELECTRICITY (“EVN”) (“PPA”) - The PPA provides for EVN to purchase and the BOT Company to sell electricity generating capacity and electricity generated by the Facility for 25 years after the commercial operation date of the Facility unless extended or earlier terminated as stipulated under the PPA. The tariff charged by JAKS Hai Duong to EVN comprises the capacity charge, energy charge and supplemental charge. Fuel (coal and secondary fuel) and limestone costs will be passed-through costs under the PPA.
*
The Capacity Charge is a fixed payment that is paid each period for each kilowatt of available (not dispatched) capacity.  It includes fixed charges involved in the construction, operation, and maintenance of the power plant, including charges for: – Repayment of the principal and interest of the debt used to construct the facility – Return on equity capital invested – Fixed operation and maintenance (O&M) costs that are independent of the amount of energy generated (e.g., staffing costs, administrative expenses, operator fee, insurance premiums, etc.) – Possible fixed costs related to fuel supply and transportation, such as demand or through-put charges, or minimum take-or-pay obligations.

The Energy Charge is paid each period for each kilowatt hour of energy dispatched and delivered at the agreed delivery point during that period.  It includes variable costs involved in the generation of the energy delivered, including charges for: – Commodity charges for each unit of fuel used, including the cost of fuel and its transportation to the plant – Variable operation and maintenance costs (e.g., spare parts, lubricants, and other consumables) – A major maintenance sinking fund to cover the costs of required turbine maintenance based on usage.
The Supplemental Charge covers other costs not included in either the Capacity or Energy Charges, including:
– The costs of start-ups beyond an agreed number each year reflecting the cost of fuel per start-up and likely a contribution to the major maintenance sinking fund
– The costs of ancillary services provided if such services are included in the scope of the PPA
– Any supplemental charges for repairing damage to the facility as a result of a Force Majeure event if such repair is the responsibility of buyer.

Posted by Mikecyc > 1 month ago | Report Abuse

Shareholders agreement (SHA)
* Shareholders agreement dated 6 July 2015 entered between JPH, CPECC and JPP to regulate their proposed relationship as shareholders of JPP as well as certain matters relating to the management of JPP and also to govern their relationship in respect of matters related to JHDP.
* The EPC cost for the project shall not be more than US$1.515b excluding working capital.
* The total shareholder funding shall not be more than US$467.125m
* Project financing based on debt to equity of 75:25
*  In the event additional shareholder’ funding required other than due to project cost exceeding US$1.8685b, CPECC shall provide additional funding in the form of (i) additional RCPS which will reduce JPH effective economic interest and/or (ii) interest bearing shareholder loan at bank interest, at the option of CPECC.
* JHDP Board of directors, 3 from JPH and 2 from CPECC. However, 3 years after COD, 2 from JPH and 3 from CPECC.
* JPP Board of directors, 2 from JPH and 3 from CPECC.
* In the event of deadlock, buyout of opponent procedures will be initiated.
* CPECC irrevocably grants to JPH non-transferable rights (option) to increase its effective economic interest in JPP to 40% at such price based on cost of investment plus holding cost. The option is exercisable by JPH up to expiry of 3rd year after the COD.

JV agreement (JV)

* The JV agreement provided that Jaks resources (JRB) shall execute subcontract agreement with CEEC in relation to its scope of work under the EPC Contract 2.
* For EPC1 contract, CPECC contractors shall achieve the completion of the performance tests and satisfaction of the conditions for 1st generation unit by 42 months from agreed construction start date, or pay US$280,000 per day of delay. However, Jaks shall procure its subcontractor to pay the delay damages of US$120,000 of its EPC2 contract.
* Under contracts EPC1 and EPC2, if the minimum output without fuel oil support exceeed the guaranteed minimum output level, contractors shall be liable for damages of US$2,800 per KW.
* Under contracts EPC1 and EPC2, damages of US$5,000 per KW is payable by the contractors if net output of electricity is less than the guaranteed net output by less than 3%. If more than 3%, the amount payable is US$13,500 per KW.
* Under contracts EPC1 and EPC2, If the net heat rate of each unit is greater than the guaranteed net heat rate by 2.5% or below, damages of US$400,000 per kcal/KwH is payable. If more than 2.5%, Damages shall be US$800,000 per Kcal/KwH.
* Under contracts EPC1 and EPC2, if limestone consumption rate is higher than guaranteed rate by 5% or below, contractors shall be liable for damages of US$465,000 per ton/h. if more than 5%, damages shall be US$930,000 per ton/h

Posted by Mikecyc > 1 month ago | Report Abuse

Haha since KonLee still twisting n diverting, maybe value_invest can reply on why FFB production output is fluctuated so High ??

4.) How is the replanting schedule being executed, why FFB production output is fluctuated so High ??


👉 Question 2 :

July-Sept: FFB MT

2019: 425,801

2020: 326,209 ( - 23.4 % vs 2019 )

2021: 195,447 ( - 54 % vs 2019 )

2022: 263,948 ( - 38 % vs 2019 )

2023 : 359,740 ( - 15.5 % vs 2019)

2024 : 343,397 ( - 19.4 % vs 2019 )


> From 2019 to 2021 FFB output is reduced by 54 % … 2023 is reduced by 15.4 % ..

> Compared 2024 July- September to 2023 is reduced by - 4.54 %


Hoho No wander the 2nd Major ( 14 % ) keep disposed shares from August 2023 to July 2024 ( balance 6 % ) , during Price is Uptrend.


>> Coincidentally FFB July- September 2024 Output is started reducing.

Posted by s3phiroth > 1 month ago | Report Abuse

Seriously Mike, did u come from planet mars? Isnt it a common knowledge that plantation industry suffer from labour shortage because of covid? Jtiasa is not the only one with low ffb output in last few years.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha just the financial gimmicks :

> The share of profit of associates is normally presented after finance costs. This recognises that the share of profits from associates arises from what is essentially an investing activity, rather than part of the group's operating activities.

ie : the difference of subsidiary n associate company.


> In most cases EBITDA will be calculated on a controlled basis, i.e. associate/affiliate income will not be included.

> ie : Investment in Joint Venture in Non Current Asset .

Posted by Mikecyc > 1 month ago | Report Abuse

Haha seriously r u value_invest ? Compared to Kimloong !

—-

Posted by s3phiroth > 5 minutes ago | Report Abuse

Seriously Mike, did u come from planet mars? Isnt it a common knowledge that plantation industry suffer from labour shortage because of covid? Jtiasa is not the only one with low ffb output in last few years.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha value_ invest said based on factual, not common sense .

Posted by Mikecyc > 1 month 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

Kimloong

FFB production output ( MT ) :

2019 :
July 20,800
August 20,849
Sept 20,517

Total = 62,166


2020 :
July 23,166
August. 22,192
Sept. 24,803

Total = 70,161. ( + 12.9 % vs 2019 )


2021 :
July 21,956
August 22,387
Sept. 24,654

Total = 68,997 ( + 11 % vs 2019)


2022 :
July 20,971
August. 24,796
Sept. 26,727


Total = 72,494 ( + 16.6 % vs 2019)


2023 :
July. 27,553
August 26,864
Sept. 28,295


Total = 82,712. ( + 33 % vs 2019 )



2024 :
July. 26,503
August. 27,367
Sept. 27,464

Total = 81,334. ( + 30.8 % vs 2019)



👉Compared to Jtiasa :

July-Sept: FFB MT

2019: 425,801 
2020: 326,209 ( - 23.4 % vs 2019 )
2021: 195,447 ( - 54 % vs 2019 )
2022: 263,948 ( - 38 % vs 2019 )

July 2023 : 110,269
August 2023 : 120,313
Sept 2023 : 129,158

Total = 359,740 ( - 15.5 % vs 2019)


> July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183

Total = 343,397 ( - 19.4 % vs 2019 )

Posted by mf > 1 month ago | Report Abuse

Israeli media reporting DNA test conducted to confirm identity of killed fighter
Nour Odeh
Nour Odeh
Reporting from Amman, Jordan

Al Jazeera is reporting from Jordan because it has been banned from Israel and the occupied West Bank.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha how u know is Bond ? Common sense ke !!!🤣

—-

Posted by value_invest > 1 hour ago | Report Abuse

@sslee_
Jaks vietnam power plant can't pay most of the earning as dividend(SOLID CASH) due to conditions in the bond/debts, which need to be fullfilled before they can pay out most earning as dividend. So, Jaks can only report PAPAER PROFIT from the power Plants... Jaks is in negative CASH flow for years and surviving by PP and RI for years.

Many investors dont really understand the important of Cash flow which is MUCH more important than profit or paper profit. It is like Jtiasa, profit RM144 mil FY 2024, But CASH flow from operating is RM360mil.

Market is full of many investors, smart and well knowledged and unwell knowledged players, and it is inefficient.. That why some can make money and most of players who like to listen to gossip and sifu and pasar news tend to lost money...
It is advisable to make any investment decision base on FACTS and JUSTIFICATIONS...

Posted by Mikecyc > 1 month ago | Report Abuse

Haha don’t be stingy le to share yr expertise n knowledge in Plantation as you r in Plantation le ! Not common sense le !!!

Posted by s3phiroth > 1 month ago | Report Abuse

U are bias because u purposely pick a top performer for comparison. If u want to make a comparison, use an average number. https://www.statista.com/statistics/795756/yield-of-palm-oil-malaysia/#:~:text=In%202023%2C%20the%20average%20yield,of%20palm%20oil%2C%20after%20Indonesia.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha seriously r u from planet Mars !

Jtiasa :

July-Sept: FFB MT


2019: 425,801

2021: 195,447 ( - 54 % vs 2019 )


July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183

Total = 343,397 ( - 19.4 % vs 2019 )

Posted by Up_down > 1 month ago | Report Abuse

扛精的逻辑
https://youtu.be/7y1WjCW-WZQ?si=zbrhi_J4fZiTkMa-

Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo Mike-tikus baru lepas penjara nak cari gaduh.
Yang penting jayatiasa sekarang cash flow from operation RM 360 million +
Budgeted FFB production for FYE 30/6/2025 1,211,852 MT
Harga sekarang RM 1.17
Dividend 2 kali setahun
30-Aug-2024 13-Sep-2024 DIVIDEND Second Interim Dividend
RM 0.0350
29-Feb-2024 14-Mar-2024 DIVIDEND First Interim Dividend RM 0.0250

Lu punya Jaks apa ada?
Harga RM 0.13
Operating cash flow negative
Dividend tak ada
Minta duit banyak pandai PP atau RI tiap tahun
Gua punya Jayatiasa sudah untung 6 digit (1 sen up 23k+)
Lu punya jaks sudah rugi berapa digit?

Posted by Mikecyc > 1 month ago | Report Abuse

Haha no worries as KonLee paid Macai 🐍sawa is suspended more than me until ori id is banned , now used abusive id to post unethical threads , same as Huang , 2 aka id r banned .

A Kon is best in pretending , twisting facts n create fake facts .

Posted by Mikecyc > 1 month ago | Report Abuse

Haha u approach me 1st in Netx play wayang with Stockraider, then clon the wayang in Insas WC .

Play crack spread wayang Hengyuan at RM 7.00 with Kon gang aka id ( as in Tunepro n Netx ) .

Posted by Sslee > 1 month ago | Report Abuse

Aiyoyo Mike-tikus is the one best in pretending, twisting all his fake figures as facts.

Still give his fake figures on jaks and twisting it as positive cash flow

Posted by Mikecyc > 1 month ago | Report Abuse

Haha Repost on Jaks :

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 Mikecyc > 1 month ago | Report Abuse

Haha KonLee still twisting n diverting le ..🤣

Posted by Mikecyc > 10 hours ago | Report Abuse

Haha since KonLee still twisting n diverting, maybe value_invest can reply on why FFB production output is fluctuated so High ??

4.) How is the replanting schedule being executed, why FFB production output is fluctuated so High ??


👉 Question 2 :

July-Sept: FFB MT

2019: 425,801

2020: 326,209 ( - 23.4 % vs 2019 )

2021: 195,447 ( - 54 % vs 2019 )

2022: 263,948 ( - 38 % vs 2019 )

2023 : 359,740 ( - 15.5 % vs 2019)

2024 : 343,397 ( - 19.4 % vs 2019 )


> From 2019 to 2021 FFB output is reduced by 54 % … 2023 is reduced by 15.4 % ..

> Compared 2024 July- September to 2023 is reduced by - 4.54 %

Posted by Mikecyc > 1 month ago | Report Abuse

3rd Lies

During stock bet : Tunepro 0.45 on 10/3/21 , cut win 0.49 on 12/3/21 after 2 days - Why ? .. Lee Kon gang with aka id in Tunepro since Jun 2020. 





>> Lee Posted in Insas on Jan 2022 that sold Tunepro after 2 years ..

Posted by Sslee > 1 month ago | Report Abuse

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

The ytlpower forum miss you a lot.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha KonLee still twisting n diverting le…why FFB production output is fluated so High ?

Posted by Mikecyc > 1 month ago | Report Abuse

Haha n Hoho oredi posted the hidden risk on YTLpower:

1.) PowerSeraya power plant service life .. total 2900 MW

2.) Kulai DC Green park 500 MW

3.) Wessex : water n sewerage .

Posted by Mikecyc > 1 month ago | Report Abuse

Haha YTLpower before the surge with Net Profit surge .. oredi posted B.G number is 3.81 … after the surge did not meet the 2 conditions.

Posted by Mikecyc > 1 month ago | Report Abuse

Haha that’s why I knew why Singapore is desperately need to import 2000 MW RE :

1.) LTMS ( Laos , Thailand, Malaysia, Singapore) RE supply agreement is signed on 2020 but is cancelled on 2021 due to Singapore not agreed on the cost .

2.) intend to import 2000 MW from Australia via subsea but is too complicated n complex, Australia company is facing technical n financial problems also .

3.) appointed PowerSeraya as import agent from Malaysia trial run 100 MW .. as TNB had announced the TPA mulling charges on August 2024 n CRESS is effectively by September 2024 … 800 MW CGPP winners shl start construction to be COD by early 2026 ( note : only CGPP winners can choose their offtaker ( customer) n sell cross border) .

Posted by value_invest > 1 month ago | Report Abuse

hi, I3 is a good platform for knowledge and sharing, NOT for attacking. Sometime, it is pointless to attack if u are disagree with others opinions, everyone has their own opinions. So, take the good opinions and ignore the bad one...

Just a sharing for you and clear your doubt on Jtiasa FFB productions. Palm oil trees FFB production is seasonal, usually it is Lowest FFB production seasonal from Jan to May of the year and the production will slowly pick up from 3rd Q of the year and Peak at Dec.
By analysing plantation stock, u need to look at the whole yr FFB for your forecast, CAN'T look at the single months or particular Q.
If i m not wrong and in my memory, Jtiasa's whole year FFB was about 1mil MT In 2019 and CPO price was about RM1900 and the 1.155 MT for FY2024 (CPO RM3900 to Rm4000) was the highest FFB so far. Then in 2020 covid hit, FFB drop drastic and slowly picking up in 2021, 2022, 2023 and then 2024 1.155 mil MT.
Management forcasts FY FFB is 1.2mil+ MT which..

Posted by Mikecyc > 1 month ago | Report Abuse

Haha why TNB planned firm Capex RM 90 Billion over 6 years until 2030 to upgrade Power Grid .

The mulling charges for non consistent supply is RM 0.45 per kWh …RM 0.25 for consistent supply .

Comparatively to Singapore is still cheaper.