Posted by Sslee > 3 days ago | Report Abuse

Aiyoyo Serba also give dividend, PP, RI and bond issue and what happen next?

Posted by jjohnchew > 3 days ago | Report Abuse

Hoho are these a coincidence ke 😱: 

1.) Kon ss leee: Xingquin is Delisted on September 2019 due to Account Fraud. 


2.) Buy what u Not Understand: Serba is Delisted on June 2024 due to Account Fraud. 


3.) JediMasker : Lambo is Delisted on October 2024 .


4.) Hoho Kon Musangfoxking loss naked in Fintec
>>> Netx — Fintec( mother ) — Adamas HK stock / Nasdaq ( Grandma , Loss in HK Well known restaurant bond n a China mines company bond ).


“ Words of Wisdom “ 🤥🤣🤣🤣

Fintec >>>

2017 : share consolidation 3 into 1

2017 : RI

Nov 2020 : RI at RM 0.08

Apr 2024 : share consolidation 30 into 1


>> Where as Netx share consolidation 25 into 1 on September 2020 …

Posted by Sslee > 3 days ago | Report Abuse

Aiyoyo impairment of planted forest assets is on Discount cash flow of future earning that planted forest assets can generate based on current pricing and future pricing of log.

If your earning is very good then to avoid paying more tax management will take the opportuninity to impair the planted forest asset (accelerated depreciation) so that PBT will be lower and thus paying lower tax.

Whereas impairment of receivables is a conjob to report higher profit in previous years (to pump share price) and then following years noone pay you the receivables because receivables are fake or owed by related parties in the first place and BOD just so kind to wave the payment.

Posted by jjohnchew > 3 days ago | Report Abuse

Hoho Yinson shl be the Next ke with High Debt … and Financial Reports did not follow IFRS .. insider said shl follow IFRS starting Next FY .. ie February 2025 to January 2026 … very risky le on those current Financial Reports with Elimination figures… an a News article, copied partially:

It is always a concern when a company’s financial accounts are unclear, causing those perusing the document — which would include bankers, creditors, shareholders and investors — to question the numbers. The primary objective of a company’s financial statements is to present a true and fair view of its performance and position.

The statements should minimise ambiguity and be easily digested by users who presumably have a basic understanding of accounting and finance.


It was only earlier this month that oil and gas player Serba Dinamik Holdings Bhd was delisted from Bursa Malaysia, after grappling with accounting issues since May 2021. It had an impressive earnings track record until reporting irregularities eventually surfaced.

As a result of this and other misadventures by a few oil and gas companies, banks are shying away from funding the sector.
However, it came as a surprise that Yinson Holdings Bhd’s (KL:YINSON) latest financial results had caused anxiety and uncertainty among the analysts who cover the company’s stock. After all, with a market capitalisation of close to RM7.5 billion, Yinson is one of the more respected players and among the success stories in the local oil and gas sector.

One research house’s report on Yinson’s financials mentions “Using financial tools to boost equity returns” while a bank-backed research outfit says, “We have stripped off RM151 million EPCIC (engineering, procurement, construction, installation and commissioning) earnings in arriving at our core profit. We believe Street estimates may not be a good comparison as other analysts regard Yinson’s EPCIC earnings as core profit.”

Another research house notes that Yinson’s “IFRS accounting distortion is growing alongside its leverage”, which could lead to confusion among investors.


—-
Posted by Sslee > 14 minutes ago | Report Abuse

Aiyoyo Serba also give dividend, PP, RI and bond issue and what happen next?

Posted by Sslee > 3 days ago | Report Abuse

Aiyoyo everyone can see for themselve the FPSO build by Yinson.
As of Serba external auditor can't even locate Serba oversea business location. So Serba project, inventories, receivables abd etc are fake.

So is jaks JHDP contruction profit also fake?

Posted by jjohnchew > 3 days ago | Report Abuse

Hoho well planned le after Rsawit le .. Borneo Edible Oils Sdn. Bhd is an associate company of Jtiasa since March 2015 ( same same le… its total assets decreased by 10.37% on 2023 ) …then Jtiasa CEO is appointed internally from RH group HQ on July 2021 ..

Jtiasa CEO was the Chief Operations Officer of Rimbunan Hijau Group based in Sibu Headquarter since 2019. 🤫

👉 He became the Chief Executive Officer of Rimbunan Sawit Berhad from July 2015 until the end of 2018. 😱🤫

Direct % : 0.013 as on 22/9/2024




Borneo Edible Oils Sdn. Bhd

The Board of Directors of JTH wishes to announce that the Company has on 10
March 2015 decided to subscribe for five (5) million new ordinary shares of RM1.00
each in Borneo Edible Oils Sdn Bhd (“BEO”) representing 10% of the proposed
issued and paid-up capital of BEO for investment purpose (“Subscription”).


Borneo Edible Oils Sdn. Bhd

Most recent financial data: 2023

Borneo Edible Oils Sdn. Bhd. is an enterprise located in Malaysia, with the main office in Sibu. The enterprise operates in the Oil Palm Tree Farming industry. It was established on July 30, 1979. 120 (2020) employees currently work for Borneo Edible Oils Sdn. Bhd.. In its most recent financial highlights,

👉 the company reported a net sales revenue increase of 3.98% in 2023. Over the same period, its total assets decreased by 10.37%.

Headquarters
Menara Rimbunan Hijau, 101 Pusat Suria Permata, Jalan Upper Lanang 
Sibu; Sarawak; Postal Code: 96000



Rsawit :

Current Ratio 0.15
Debt-Equity (DE) Ratio 1.25
FCF Yield 3.12 %

😱😱😱: working capital is only can Last for 1.8 months…🤫

Posted by jjohnchew > 3 days ago | Report Abuse

Jaks

1.) Vietnam Power Plant 1200MW EPCC RM 8.7 billion …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 , with BOT 25 years contract until 2046 ).


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

👉 Total = RM 597 million.


> > Share of Profit in QR ended September 2024 = Rm 36.29 million


👉Grand Total 🟰 RM 633.3 million 👍

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


👉👉👉 Jaks Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion is COD on January 2021 with recurring Income for 25 years 👍.

Posted by jjohnchew > 3 days ago | Report Abuse

Hoho Jaks Vietnam JV Power Plant 1200 MW :

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.

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.

Coal supply agreement (CSA)

* Vinacomin shall supply anthracite coal for the full term of the BOT contract.
* Failure of supply gives JHDP the right to source for alternative coal from domestic or foreign sources and seek compensation from Vinacomin for additional costs.
* JAKS’ COAL SUPPLY AGREEMENT WITH VIETNAM NATIONAL COAL-MINERAL INDUSTRIES GROUP (“VINACOMIN”) (“CSA”) - The CSA provides for the delivery by Vinacomin and purchase by JAKS Hai Duong of coal for use in the Project from testing and commissioning until the termination of the BOT Contract or other circumstances as stipulated under the CSA. The quantities of coal to be supplied by Vinacomin will be determined, among other things, by the actual plant load factor and operating performance of the Facility and the quality and other characteristics of the coal used at the Facility. JAKS Hai Duong will have the right to buy from other coal sources in the event Vinacomin is unable to meet its obligations under the CSA and provided that the coal price from the other source have been agreed by both parties and approved by MOIT. There is no take or pay obligation (minimum order obligation) in the CSA.

Posted by Sslee > 3 days ago | Report Abuse

Mike/John donkey, you can tell your fancy story about jaks.
The truth is if jaks default on bank loan repayment then bankers have the right to conficate and lelong all jaks assets to recover their loan.

Bankers will not be as kind as jaks BOD impair the receivables and no action taken against debtors to recovered what were owed.

Posted by jjohnchew > 3 days ago | Report Abuse

Hoho KonLee the expert in Financial Accounting also -don’t play play le he had gone thru 3 months Accounting course le .. betul tak …more expert than Yinson Group CFO le …

As he always posted Jaks Return in Operating is Failed but I stress look at Finance investing as Vietnam Power Plant 1200 MW EPCC RM 8.7 billion is an associate company with 30 % … Revenue is not recognised…. Only Share of Profit n Dividend.

So KonLee what Yinson Financial Report shl be different starting next financial year that is follow IFRS …( February2025 to January 2026 ) ???

Hoho will it be like TDM case ? During MFRS standard on 2019 … TDM with new auditor on 2019 , rectified the Mis-location issues, FY2019 is in Huge Loss , rectified FY2018 from Profit to Loss …. FY2020 to FY2022 is incurred Losses..

👉👉👉 Especially Yinson currently Financial Reports is with Huge Elimination figures..need to back tracks for 3 years !!😱😅


Hoho as posted earlier:

>>> This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective.

IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.



Updated:

马交所要求上市公司 采用IFRS永续披露标准
2024年12月23日



吉隆坡23日讯）配合国家永续发展报告框架（NSRF）的推行，大马交易所修订了上市公司的永续报告框架要求，需采用IFRS永续披露标准。

Posted by jjohnchew > 3 days ago | Report Abuse

Jtiasa

Year 2025 main hidden risks :

1.) what Shl be FY25 Total impairment ???


FY19 :: Net Loss ( RM 275.7 million ) , with impairment of RM 215 million !😱🤔


FY20 :: Net Loss ( RM 73.5 million ) , with impairment of RM 123.1 million !😱🤔


FY21 : Net Profit RM 31.4 million , but impairment of PPE with Total RM 19.9 million !


FY22 : Net Profit RM 135.7 million , but impairment of PPE RM 177.9 million !😱🤔


FY23 : Net Profit RM 153.6 million…. but No impairment .


FY24 : Net Profit RM 140.6 million , but impairment of PPE with Total RM 151.2 million!😱🤔

👉Remarks : Total Impairment is RM 472.1 million from FY2020 to FY2024 , over 5 years .


👉 Remarks: Total Impairment is RM 687.1 million from FY2019 to FY2024 , over 6 years .😱😱😱😱

Posted by jjohnchew > 2 days ago | Report Abuse

Jtiasa :

>> Referred to QR ended September 2024 :

👉Total Assets : RM 1970 million vs June 2024 RM 1979 million , is reduced by RM 9 million.

👉👉Acquisition n Disposal of PPE :

> Acquisition = RM 9.1 million
> Disposal = ( RM 0.94 million)

Net Profit RM 72.3 million… with Acquisition of PPE RM 9.1 million.. why Total Assets is still Reduced by RM 9 million Q to Q !!!😱😱😱🤔

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho let’s see the DonkeyyTinKosongLeader Kon ss leee mind to brief forumers here ??

Posted by Sslee > 2 days ago | Report Abuse

2024 and 2023 figures as below:
So what will be 2025:
Depreciation and amortisation?
Fair value changes in biological assets?
Impairment on property, plant and equipment?
Property, plant and equipment written off?

CONDENSED STATEMENTS OF CASH FLOWS
Current Corresponding
12 months ended 12 months ended
30/06/2024 30/06/2023
RM'000 RM'000
Cash Flows from Operating Activities
Profit before taxation 206,593 166,797
Adjustments for:
Impairment of receivables - 112
Depreciation and amortisation 137,706 134,717
Fair value changes in biological assets 27,967 10,443
Gain on early termination of leased assets - (41)
Impairment on property, plant and equipment 2,389 2,190
Interest expenses 17,932 24,503
Interest income (9,035) (4,835)
Net loss/(from) on disposal of property, plant and equipment 10,030 (1,352)
Net unrealised foreign exchange gain (25) (185)
Property, plant and equipment written off 2,556 2,494
Provision for obsolete inventories 864
Operating cash flows before working capital changes 395,914 335,906
Net change in current assets (9,168) 23,479
Net change in current liabilities 5,095 (21,584)
Cash flows from operations 391,841 337,801
Interest received 9,035 4,835
Interest paid (17,932) (24,503)
Income taxes paid, net of refund (22,915) (20,945)
Net cash flows from operating activities 360,029 297,188

Posted by Sslee > 2 days ago | Report Abuse

Q1 ended 30/9/2024

CONDENSED STATEMENTS OF CASH FLOWS
Current Corresponding
3 months ended 3 months ended
30/09/2024 30/09/2023
RM'000 RM'000
Cash Flows from Operating Activities
Profit before taxation 101,351 93,035
Adjustments for:
Depreciation and amortisation 34,326 34,669
Fair value change in biological assets (2,505) (3,005)
Interest expenses 2,792 5,191
Interest income (1,933) (1,630)
Net loss/(from) on disposal of property, plant and equipment 91 5,407
Expected credit loss on trade and other receivables 8 -
Operating cash flows before working capital changes 134,130 133,667
Net change in current assets (65,401) (44,041)
Net change in current liabilities 4,010 (499)
Cash flows from operations 72,739 89,127
Interest received 1,933 1,630
Interest paid (2,792) (5,191)
Income taxes paid, net of refund (6,598) (6,095)
Net cash flows from operating activities 65,282 79,471

Posted by jjohnchew > 2 days ago | Report Abuse

Jtiasa vs SwkPlnt , Kimloong n SuburTiasa Total Assets:

Total Assets Summary illustration:

Jtiasa : 👉👉Is Reduced by RM 427 million from FY 2019 to 2024 , ie : over 5 years .


SwkPlnt: 👉👉Is Increased by RM 101.3 million from FY 2018 to 2023 , ie : over 5 years .


Kimloong: 👉👉Is Increased by RM 274.1 million from FY 2019 to 2024 , ie : over 5 years .


SuburTiasa : 👉👉Is Increased by RM 31.9 million from FY 2019 to 2024 , ie : over 5 years . ( note : under same RH Group with Jtiasa)

Posted by jjohnchew > 2 days ago | Report Abuse

Posted by jjohnchew > 40 minutes ago | Report Abuse

Jtiasa :

>> Referred to QR ended September 2024 :

👉Total Assets : RM 1970 million vs June 2024 RM 1979 million , is reduced by RM 9 million.

👉👉Acquisition n Disposal of PPE :

> Acquisition = RM 9.1 million
> Disposal = ( RM 0.94 million)

Net Profit RM 72.3 million… with Acquisition of PPE RM 9.1 million.. why Total Assets is still Reduced by RM 9 million Q to Q !!!😱😱😱🤔

Posted by Sslee > 2 days ago | Report Abuse

By the way jaks
Current Year Preceding Year
12 Months 12 Months
ended ended
31-Dec-2023 31-Dec-2022
RM'000 RM'000
Cash flows from operating activities
Profit / (Loss) before tax for the period 7,246 37,417
Adjustment for:
Depreciation and amortisation 19,999 15,897
Interest expense 28,508 24,386
Interest income (748) (1,425)
Gain on disposal of plant & equipment (507) (205)
Bad debts written off - 3,002
Share of Profit in Joint Venture (131,103) (156,190)
Impairment Loss on Goodwill 23,500 29,000
Allowance for impairment of receivables 32,893 19,770
Impairment / (Reversal Impairment) on Investment Property - (5,125)
Unrealised Loss on foreign exchange 3,325 2,811
Long Term Incentive Plan ("LTIP") expenses 12,690 13,980
Gain on modification of lease contract - (39)
Operating profit/ (loss) before working capital changes (4,197) (16,721)
(Increase)/Decrease in working capital
Contract assets 86,556 (51,029)
Trade and other receivables (39,109) (19,669)
Trade and other payables (52,854) 13,449
Net Cash generated from / (used in) Operating activities (9,604) (73,970)
Interest paid (7,221) (2,573)
Income tax paid (2,638) (4,403)
Net Operating Cash Flow (19,463) (80,946)

And jaks creative accounting putting most of the interest paid into financial activities.

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 14,090 103,57

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho even Jaks :

Jaks Total Assets :

2018 : RM 2,243.0 million

2019 : RM 2,248.8 million

2020 : RM 2,128.5 million

2021 : RM 2,185.2 million
( Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion is fully COD on January 2021 ) .

2022 : RM 2,378.8 million

2023 : RM 2,389.2 million ( increased by + RM 146.2 million vs 2018 over 5 years ) 👍

Posted by Sslee > 2 days ago | Report Abuse

Aiyoyo Mike/John donkey know how much jayatiasa total liabilities especially borrowings reduce over the last 5 years?

Posted by jjohnchew > 2 days ago | Report Abuse

Jaks Total Assets :

2018 : RM 2,243.0 million

2019 : RM 2,248.8 million

2020 : RM 2,128.5 million ( is Reduced RM 120.3 million, Net Loss is RM 80.5 million ) .


2021 : RM 2,185.2 million
( Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion is fully COD on January 2021 ) .

2022 : RM 2,378.8 million

2023 : RM 2,389.2 million ( increased by + RM 146.2 million vs 2018 over 5 years ) 👍

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho what a malpractices company with yearly Profits but Total Assets is keep Reducing…😱😱😱😅

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho as illustrated earlier :


Referred to FY21 Q3 ended March2021 report:

a) Financial assets

Trade and other receivables 53,429,000

Cash and bank balances 55,961,000


total = 109,390,000

b) Financial liabilities

Loans and borrowings 716,228,000


Trade and other payables 128,617,000

Lease liabilities 10,941,000

total = 855,786,000


a) - b ) = ( 746,396,000 )


1.) Financial Assets - Financial Liabilities =( RM 746.396 million ).


And recently finding on Total Assets is Reduced:


👉 Remarks: Total Impairment is RM 687.1 million from FY2019 to FY2024 , over 6 years .😱😱😱😱

Posted by jjohnchew > 2 days ago | Report Abuse

Jtiasa


>> Referred to QR ended September 2024 :

👉Total Assets : RM 1970 million vs June 2024 RM 1979 million , is reduced by RM 9 million.

👉👉Acquisition n Disposal of PPE :

> Acquisition = RM 9.1 million
> Disposal = ( RM 0.94 million)


>>
a) Financial assets

Trade and other receivables 51,235,000

Cash n balances/ equivalents 228,489,000


total = 279,724,000


b) Financial liabilities

Loans and borrowings 121,292,000


Trade and other payables 93,470,000

Lease liabilities -

total = 214,762,000


a) - b ) = 64,962,000


>>>
Total Assets is reduced:

2019 : RM 2406 million

2023 : RM 1955 million ( - 451 million )

2024 : RM 1979 million ( + 24 million )

👉👉Is reduced by RM 427 million from 2019 to 2024 , ie : over 5 years .


👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔



>> Referred to QR ended June 2024 :


a) Financial assets

Trade and other receivables 42,883,000

Cash n balances/ equivalents 283,037,000


total = 325,920,000


b) Financial liabilities

Loans and borrowings 194,229,000


Trade and other payables 84,278,000

Lease liabilities -

total = 278,507,000


a) - b ) = 47,413,000

Posted by Sslee > 2 days ago | Report Abuse

Jayatiasa
CONDENSED STATEMENTS OF FINANCIAL POSITION
AS AT AS AT
30/06/2024 30/06/2023
RM'000 RM'000 (Audited)
ASSETS
Non-current Assets
Property, plant and equipment 1,437,220 1,450,841
Biological assets 98,126 105,383
Intangible assets 377 396
Investment securities 15,290 9,730
Deferred tax assets 34,585 44,207
1,585,598 1,610,557
-
Current Assets
Inventories (1) 48,663 46,740
Biological assets 14,788 16,174
Trade and other receivables 42,883 32,625
Other current assets 6,296 15,886
Cash and cash equivalents 283,037 232,518
395,667 343,943
TOTAL ASSETS 1,981,265 1,954,500
EQUITY AND LIABILITIES
Current Liabilities
Loans and borrowings 57,652 56,314
Trade and other payables 84,278 79,232
Income tax payable 6 49
141,936 135,595
EQUITY AND LIABILITIES
Non-current Liabilities -
Loans and borrowings 136,577 292,054
Deferred tax liabilities 175,639 149,066
312,216 441,120
Total Liabilities 454,152 576,715
Net assets 1,527,113 1,377,785
-
Equity Attributable to owners of the parent
Share capital 977,402 977,402
Treasury shares (13,687) (13,687)
Other Reserves and Retained Earnings 521,233 415,296
1,484,948 1,379,011
Non-controlling interests 42,165 (1,226)
Total Equity 1,527,113 1,377,785
TOTAL EQUITY AND LIABILITIES 1,981,265 1,954,500
Net assets per share attributable to equity holders (RM) 1.58 1.42
Number of ordinary shares net of treasury shares 967,991 967,991

Posted by Sslee > 2 days ago | Report Abuse

Jayatiasa
12 months ended 12 months ended
30/06/2024 30/06/2023
RM'000 RM'000
Cash Flows used in Financing Activities
Dividend paid (40,656) (41,624)
Increase in debt service reserve account (592) (19,963)
Net repayment of revolving credit and bankers' acceptances - (8,712)
Repayments of lease liabilities (889) (859)
Net repayment of term loans (153,164) (215,948)
Net cash flows used in financing activities (195,301) (287,106)

Know what were the dividend and repayment of term loan for 12 months ended
30/06/2024 and 30/06/2023?

Posted by mf > 2 days ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

41,938.45

-696.75

1.63%

Nasdaq

NASDAQ Composite

19,161.62

-317.25

1.62%

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho well planned le after Rsawit le .. Borneo Edible Oils Sdn. Bhd is an associate company of Jtiasa since March 2015 ( same same le… its total assets decreased by 10.37% on 2023 ) …then Jtiasa CEO is appointed internally from RH group HQ on July 2021 ..

Jtiasa CEO was the Chief Operations Officer of Rimbunan Hijau Group based in Sibu Headquarter since 2019. 🤫

👉 He became the Chief Executive Officer of Rimbunan Sawit Berhad from July 2015 until the end of 2018. 😱🤫

Direct % : 0.013 as on 22/9/2024




Borneo Edible Oils Sdn. Bhd

The Board of Directors of JTH wishes to announce that the Company has on 10
March 2015 decided to subscribe for five (5) million new ordinary shares of RM1.00
each in Borneo Edible Oils Sdn Bhd (“BEO”) representing 10% of the proposed
issued and paid-up capital of BEO for investment purpose (“Subscription”).


Borneo Edible Oils Sdn. Bhd

Most recent financial data: 2023

Borneo Edible Oils Sdn. Bhd. is an enterprise located in Malaysia, with the main office in Sibu. The enterprise operates in the Oil Palm Tree Farming industry. It was established on July 30, 1979. 120 (2020) employees currently work for Borneo Edible Oils Sdn. Bhd.. In its most recent financial highlights,

👉 the company reported a net sales revenue increase of 3.98% in 2023. Over the same period, its total assets decreased by 10.37%.

Headquarters
Menara Rimbunan Hijau, 101 Pusat Suria Permata, Jalan Upper Lanang 
Sibu; Sarawak; Postal Code: 96000



Rsawit :

Current Ratio 0.15
Debt-Equity (DE) Ratio 1.25
FCF Yield 3.12 %

😱😱😱: working capital is only can Last for 1.8 months…🤫

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho as illustrated earlier :


Referred to FY21 Q3 ended March2021 report:

a) Financial assets

Trade and other receivables 53,429,000

Cash and bank balances 55,961,000


total = 109,390,000

b) Financial liabilities

Loans and borrowings 716,228,000


Trade and other payables 128,617,000

Lease liabilities 10,941,000

total = 855,786,000


a) - b ) = ( 746,396,000 )


1.) Financial Assets - Financial Liabilities =( RM 746.396 million ).


And recently finding on Total Assets is Reduced:


👉 Remarks: Total Impairment is RM 687.1 million from FY2019 to FY2024 , over 6 years .😱😱😱😱

Posted by jjohnchew > 2 days ago | Report Abuse

Jtiasa :

>> Referred to QR ended September 2024 :

👉Total Assets : RM 1970 million vs June 2024 RM 1979 million , is reduced by RM 9 million.

👉👉Acquisition n Disposal of PPE :

> Acquisition = RM 9.1 million
> Disposal = ( RM 0.94 million)

Net Profit RM 72.3 million… with Acquisition of PPE RM 9.1 million.. why Total Assets is still Reduced by RM 9 million Q to Q !!!😱😱😱🤔

Posted by jjohnchew > 2 days ago | Report Abuse

惠誉:明年棕油平均价达3576令吉
2024年12月30日


（吉隆坡30日讯）惠誉评级机构（Fitch）将2025年棕油平均价格预测上修至每吨800美元（约3576令吉），但预计之后价格将滑落至每吨700美元（约3127令吉）。

该机构在报告中指出，上调的主要原因，是为了反映全球最大棕油生产国——印尼的产量反弹放缓，以及当地生物柴油消耗增加。


惠誉评级机构原先对2025年平均价格预测为每吨750美元，之后为每吨650美元。

Posted by Sslee > 2 days ago | Report Abuse

Jaks keep afloat by yearly PP.
What is jaks usable cash balance as at 30 sep 2024?
Jaks will be on default of loan repayment if fail to raise cash.
So learn how to read cashflow statement and don't be like Mike/John donkey unable to learn nor own up to his mistakes.

Current Year Preceding Year
9 Months 9 Months
ended ended
30-Sep-2024 30-Sep-2023
RM'000 RM'000
Cash flows from operating activities
Profit / (Loss) before tax for the period 29,702 25,754
Adjustment for:
Depreciation and amortisation 17,706 13,960
Interest expense 22,884 20,370
Interest income (354) (526)
Loss/(Gain) on disposal of plant & equipment 2 (433)
Share of Profit in Joint Venture (90,007) (96,600)
Allowance for impairment of receivables 2,000 6,000
Long Term Incentive Plan ("LTIP") expenses - 12,690
Operating profit/ (loss) before working
capital changes (18,067) (18,785)
(Increase)/Decrease in working capital
Contract assets 13,517 86,643
Trade and other receivables 17,671 (47,437)
Trade and other payables (43,024) (9,799)
(11,836) 29,407
Net Cash generated from / (used in) Operating activities (29,903) 10,622
Interest paid (1,299) (4,301)
Income tax paid (498) (1,910)
Net Operating Cash Flow (31,700) 4,411

Cash flows from / (used in) investing activities
Purchase of property, plant & equipment and right-of-use (10) (60,587)
Interest received 354 526
Proceeds from disposal of property, plant & equipment 2 434
Dividend received from Joint Venture company 14,207 -
Decrease / (Increase) in deposits pledged Bank balance held as security values 5,462 18,086
Net Investing Cash Flow 20,015 (41,541)

Cash flows from / (used in) financing activities
Proceeds from issuance of share capital 29,845 38,271
Interest paid (21,585) (16,069)
Drawdown / (Repayment) of short term borrowings (9,153) (12,924)
Drawdown (Repayment) of lease liabilities (552) -
Drawdown / (Repayment) of bank term loans (10,896) 19,677
Share issuance expenses (1,336) (882)
Net Financing Cash Flow (13,677) 28,073

Net Change in Cash & Cash Equivalents (25,362) (9,057)
Exchange translation differences -
Cash & Cash Equivalents at beginning of the year 26,624 29,719
Translation Reserve 2,716 (1,271)
Cash & Cash Equivalents at
end of the period. 3,978 19,391

Cash and Cash Equivalents
Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts.
Deposits placed with licensed banks 12,079 34,404
Cash & bank balances 23,818 36,808
Bank overdrafts (5,891) (5,963)
30,006 65,249
Less : Deposit held as security values (12,079) (34,404)
Bank balance held as security values (5,585) (214)
Debt service reserves account (8,364) (11,240)
3,978 19,391

Posted by Sslee > 2 days ago | Report Abuse

Market Data Overview
As at 10 Jan 2025 05:05 PM
Prices are delayed by 15 minutes

Derivatives
Night & Day Session
Night Session
No Name Month Last Done Change Vol (`00) OI
1 FCPO Mar 2025 4,393.0000 +97.0000 37,060 104,305
2 FCPO Apr 2025 4,289.0000 +102.0000 14,396 56,500
3 FCPO May 2025 4,211.0000 +98.0000 10,455 37,156
4 FKLI Jan 2025 1,595.0000 - 5,871 39,919
5 FCPO Feb 2025 4,566.0000 +107.0000 5,025 24,202
6 FCPO Jun 2025 4,170.0000 +95.0000 3,181 18,688
7 FKLI Feb 2025 1,600.0000 - 271 1,047
8 FKLI Mar 2025 1,582.5000 - 128 1,472
9 FKLI Jun 2025 1,588.0000 - 84 490
10 FCPO Jan 2025 4,700.0000 +65.0000

Posted by Sslee > 2 days ago | Report Abuse

Repost:
Looking at past 3 years financial results when CPO ASP was less than RM 4,000
With current net cash position and current CPO price of above RM 4,000 should I be worried?
Will collect again if price drop below 1.20

FINANCIAL HIGHLIGHTS
FINANCIAL STATISTICS
2024 RM’000
2023 RM’000
2022 RM’000
PERFORMANCE
Revenue 1,015,867 854,952 810,770
Profit Before Taxation 200,256 166,797 200,558
Profit After Taxation 128,966 151,802 134,413
Profit Attributable to Equity Holders 128,867 151,791 134,556
EBITDA 356,544 326,017 382,072
Equity Attributable to Equity Holders 1,472,781 1,379,011 1,270,930

CORPORATE RATIOS
Net Earnings Per Share (sen) 13.31 15.68 13.90
Net Assets Per Share Attributable to Equity Holders (RM)1.52 1.42 1.31
Net Tangible Assets Per Share (RM) 1.52 1.42 1.31
Return on Equity (%) 8.7 11.0 10.6
Return on Total Assets (%) 6.5 7.8 6.5
Gross Dividend (sen) 6.0 3.2 2.8
Gearing Ratio (%) N/A 8 20

Posted by Sslee > 2 days ago | Report Abuse

Repost:
By the way if jaks fail to raise cash to settle loan repayment then jaks will be in loan default and bankers will recall all their loans.

You better pray somehow people are ready to take up the RM 250 million jaks MNH MTN.

Repost:
MNH as at 31/12/2023
Current liabilities RM 204,961,046
Non-current liabilities RM 196,443,411
Non-current assets RM 324,605,814
Current assets RM 5,764,090
Total equity RM (71,034,553)

The MNH RM 250 million medium-term note (MTN) can hardly cover the MNH Current liabilities RM 204,961,046 and how many of Non-current liabilities RM 196,443,411 become due in 2024 and 2025?

Posted by jjohnchew > 2 days ago | Report Abuse

Jaks

QR September 2024 :

Deposits placed with licensed banks : RM 12.1 million

Cash and bank balances : RM 23.8 million.


>>>

Cash and Cash equivalents:


Deposits placed with licensed banks : RM 12.1 million

Cash and bank balances : RM 23.8 million.

Bank Overdraft. : ( RM 5.89 million )

Balance = RM 30.0 million

Deposits held as security value : ( 12.1 million)

Bank balance held as security value : ( 5.585 million )

Debt service reserves account : ( 8,364 million )

Balance =. RM 3.978 million


👉Other Operating, Administration Expenses: RM 13.68 million


>>
Compared QR September 2023 :

Cash and Cash equivalents: RM 19.391 million.

👉Other Operating, Administration Expenses: RM 30.91 million

>>>

QR September 2024 :

👉Other Operating, Administration Expenses: RM 13.68 million

Illustration:

Forward Yearly 👉Other Operating, Administration Expenses: RM 54.72 million


QR September 2023 :

👉Other Operating, Administration Expenses: RM 30.91 million


Illustration:

Forward Yearly 👉Other Operating, Administration Expenses: RM 123.64 million

Remark : There is Cost Reduction on Other Operating, Administration Expenses of RM 68.92 / year .

Posted by jjohnchew > 2 days ago | Report Abuse

Jaks :

Hoho as posted earlier on Jaks cash n cash equivalents, that the Other Operating, Administrative expenses is greatly reduced.

Good for Jaks to reduced the loss making business… esp on local Construction contracts on investment properties , eg : RM 1.1 billion Pacific Star Towers and Highway… eg : RM 509 million SUKE


Hoho no worries… FY2024 oredi 3 Quarterly Reports with total Net Profit RM 43.4 million .

If can sustain as FY2021 n FY2022 Net Profit over RM 51 million..( Note : Vietnam JV Power Plant is fully COD on January 2021 ) .

>>> FY2024 EPS shl be 1.96 sen with PE Sector Median 21.5 … Forward Price shl be RM 0.42 ( current NTA RM 0.60 )

👉 Question : Jaks FY2023 Net Profit is RM 15.5 million… FY2024 Net Profit can be RM 51 million ( Total 3 QR = RM 43.4 million) ??? >

Position sign observations:

1.) 6 years Legal Battle against Star on RM 1.1 billion Pacific Star Towers project is settled out of court on November 2024 .

FY2023 Annual Report:

> Trade Receivables

Third Parties RM 147.6 million

Retention Sum RM 134.4 million

>> the Retention Sum is for the RM 1.1 billion Pacific Star Towers Project .


2.) As of 31 May 2024, the outstanding order book amounts to RM68.8 million, last until end 2024 , encompassing six projects located in the Klang Valley, Sarawak, and Penang.

These projects primarily consist of water / sewerage infrastructure and road/building infrastructure, with the majority being public sector initiatives.



3.) the occupancy rate at Pacific Towers
Business Hub improved from 35% in FY2022 to 54% in FY2023, while Evolve Concept Mall saw an increase from 59% in FY2022 to 75% in FY2023.


4.) Current tender book exceeds RM4.0
billion, covering water and sewerage systems, flood mitigation projects in multiple states….
👉 as well as EPC roles for our renewable energy projects.

( Note : if LSS5 2000 MW EPCC tender bid is with Low / Single Digit IRR … better do EPC on construction of the Solar Plant/ Farm like Solarvest in LSS4 , EPCC and EPC from those Winners not in the Renewable Energy industry.


👉👉 Hoho no wander Jaks , Solarvest , Sunview and Gading Kencana not in the LSS5 2000 MW Shortlisted list also . ( LSS4 823 MW ) . These 4 companies are LSS4 n CGPP Winners.

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho as said Gameplay’s in Solar RE industry is different liaw …better do EPC construction contract liaw … ( note : IF EPCC is Not 100 % financing… Shl tied up Investment Capital for long term as IRR is getting low n lower since LSS1 to LSS4 .. Jaks LSS4 50 MW Solar RE in Penang, EPCC RM 200 million with TNB PPA 25 years , extended from 21 years , is 100 % Financing with Syndicated Loans for 16.5 years .



👉 TNB among LSS5 2000 MW winners, bags 500MW solar farm project in Kedah 
By theedge 
26 Dec 2024, 06:27 pm 



Aside from the highly sought after LSS awards, the government last year also announced efforts to support the development of solar parks in the country under the National Energy Transition Roadmap (NETR). 


This is led by TNB, via five 100MW solar parks in different locations in the country, and another 1GW under Khazanah Nasional Bhd through UEM Group.


👉👉👉 Hoho just TNB n UEM total Solar RE projects is 500 + 5 x 100 + 1000 =2,000 
MW .. equivalent to LSS5 2000 MW , EPCC RM 7.2 billion.. EPC construction is ard RM 5.0 billion ..

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho that’s why TNB is allocated firm budget RM 90 billion over 6 years until 2030 to Upgrade Power Grid system n structure as TPA ( Third Party Access) .. Mulling Charges is announced on August 2024 n CRESS is effective on September 2024 …

Posted by Sslee > 2 days ago | Report Abuse

With Cash & Cash Equivalents at end of the period. 3,978,000
What can jaks do except raise cash.

Mike/John donkey can even posted own created fake jaks figure and fact below:

Current tender book exceeds RM4.0 billion, covering water and sewerage systems, flood mitigation projects in multiple states….
👉 as well as EPC roles for our renewable energy projects. ( Note : if LSS5 2000 MW EPCC tender bid is with Low / Single Digit IRR … better do EPC on construction of the Solar Plant/ Farm like Solarvest in LSS4 , EPCC and EPC from those Winners not in the Renewable Energy industry.

Posted by Sslee > 2 days ago | Report Abuse

By the way jaks is soooo incompetent the more order book the more losses

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho TNB as TPA for CGPP Winners as can sell their Solar RE electricity to their chosen Offtaker / Corporate company.. n cross border not only sell to TNB …..


Earlier the RE electricity LTMS supply agreement signed on 2022 is invalid on June 2024 .. ( Laos - Thailand- Malaysia- Singapore) as Singapore not agreed on the Changes ( too many countries are involved with different Power Grid system n structure ) .

Posted by jjohnchew > 2 days ago | Report Abuse

惠誉:明年棕油平均价达3576令吉
2024年12月30日


（吉隆坡30日讯）惠誉评级机构（Fitch）将2025年棕油平均价格预测上修至每吨800美元（约3576令吉），但预计之后价格将滑落至每吨700美元（约3127令吉）。

该机构在报告中指出，上调的主要原因，是为了反映全球最大棕油生产国——印尼的产量反弹放缓，以及当地生物柴油消耗增加。


惠誉评级机构原先对2025年平均价格预测为每吨750美元，之后为每吨650美元。

Posted by jjohnchew > 2 days ago | Report Abuse

JAKS

A.) Raising Funds for coming projects n future growth.

1.) monetise the Penang land for RM 77.74 million on 9/9/2024 , net book value as at December 2023 is RM 15.97 million with a net pro forma gain of RM50.38 million.

2.) JAKS Resources Berhad Proposed medium term notes ("MTN") programme of up to Ringgit Malaysia Two Hundred and Fifty Million (RM250,000,000.00) in nominal value ("MTN Programme")
2024-12-06 .

> Referred to Annual Report FYE2023 :

1.) Evolve Mall :
Occupancy Rate increased to 75 % from 59 % FY2022 .

2.) Pacific Towers Business Hub : Occupancy Rate increased to 54 % from 35% FY2022 .


B.) Vietnam JV Power Plant 1200 MW EPCC RM 8.7 billion is started payout Dividend on June 2024 , ie from yearly to half yearly !

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho JAKS CGPP 30 MW Solar RE is scheduled to be COD on end 2025 …

Posted by jjohnchew > 2 days ago | Report Abuse

Hoho per Jaks 2024 AGM minutes on CGPP 30 MW Solar RE with Consortium partners: Consortium: Jaks 51 % , Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. )

👉 JAKS Group has
a 51% stake in the Consortium. At
present, the Consortium is
undergoing the approval process to
participate in Single Buyer’s New
Enhanced Dispatch Arrangement
(“NEDA”) programme.

The construction works for this project is
expected to commence by end 2024
and scheduled for commercial
operation by end 2025. (Page 15 of
AR2023)

A) What is the expected development
cost to be contributed by JAKS for
the new project under CGPP?
B) Considering JAKS's current
negative net cash position, how
does the Group plan to finance the
funds required for this project?

A) The total development cost for the project is being
worked out currently and estimated at approximately
RM130.0 million, funded by a combination of debt and
equity, of which JAKS’ portion is estimated to be
between RM15.0 – RM20.0 million.

B) The funding plan includes internally generated funds
such as dividend received from our oversea
operations, JAKS Hai Duong Power Limited Co

Posted by Sslee > 2 days ago | Report Abuse

Mike/John donkey will now flooded the whole forum with his gibberish in the hope that no one can read my comments about jaks.

Posted by Sslee > 2 days ago | Report Abuse

The last PP utilisation:
Facility Bank Purpose of borrowing
Total amount outstanding as at LPD (RM’000)
Proposed repayment (RM’000)
Term loan Great Eastern Life Assurance (Malaysia)
Berhad (“Great Eastern”)
Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall
211,418 13,000

MNH as at 31/12/2023
Current liabilities RM 204,961,046
Non-current liabilities RM 196,443,411
Non-current assets RM 324,605,814
Current assets RM 5,764,090
Total equity RM (71,034,553)

Jaks hold 51% MNH and MNH is the owner of Evolve Mall

The MNH RM 250 million medium-term note (MTN) can hardly cover the MNH Current liabilities RM 204,961,046 and how many of Non-current liabilities RM 196,443,411 become due in 2025?

Is (“Great Eastern”) loss confident on jaks and recall the outstanding RM 211,418,000 term loan thus MNH has no choice but to raise cash through MTN to settle (“Great Eastern”) outstanding loan?

Posted by Sslee > 2 days ago | Report Abuse

What the use of MNH Evolve Mall book value/assets rich but that asset can't generate profit/cashflow to settle bank interest and repayment of bank borrowing?

Posted by jjohnchew > 2 days ago | Report Abuse

Jaks PP n RI

Listing date :

1.) 9/9/2023 : 80,014,700 RM0.18

2.) 29/5/2023 : 129,017,000 RM 0.185

1.) + 2 .) under 1 PP ..


3.) 1/7/2021 : 272,667,000. RM 0.475

4.) 28/5/2019 : 58,465,313. RM 0.70

5.) 30/3/2018 : 49,631,200. RM 1.38

6.) 24/3/2017 : 43,836,100. RM 1.36

Update > 7.) 24/6/2024 : 56,285,000 RM 0.145

8.) 15/5/2024 : 180,700,000 RM 0.12


7.) +8.) under 1 PP

Total : 6 PP


> Jaks RI

1.) 27/10/2020 : 1,292,073,304 RM 0.22 (Warrant C : EX price RM 0.49 , maturity on 18/11/2025 ) .


2.) 21/11/2018 : RI in Warrant B only
278,164,186. RM 0.25

( Note : To prevent on the intention of Take Over , is expired on December 2023 ) .