JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.265

Today's Change

0.00 (0.00%)

Day's Change

0.265 - 0.27

Trading Volume

1,550,100


35 people like this.

53,553 comment(s). Last comment by humblechung 5 minutes ago

looiting

325 posts

Posted by looiting > 4 weeks ago | Report Abuse

Kesian Aseng, have to hold so long ,suffer leh

looiting

325 posts

Posted by looiting > 4 weeks ago | Report Abuse

Meanwhile, shorties have been making good profit on Aseng & followers

Posted by lthma2588 > 4 weeks ago | Report Abuse

Aseng can you reinstate me back to JAks chat group.I no longer can access since I3 change its format.

i3lurker

11,359 posts

Posted by i3lurker > 4 weeks ago | Report Abuse

Share price keeps dropping coz most people expect another series of at least 4 to 6 RIs needed to get more capital for next few years.
Result ~ 30% capital losses
Done at ever decreasing share prices unless executed with share consolidation which takes us to the next issue at hand.

High possibility of share consolidation which translates to ~ 20% capital losses for existing holders.

the only winners will be Management and Staff.

Kindergarden maths tells you => Consolidation and RI will easily result in ~ 50% capital losses.

so cannot blame existing holders to dump desperately
resulting in continous non-stop drop drop drop drop and more drop to existing share price which is expected to drop drop drop and more drop later.

i3lurker

11,359 posts

Posted by i3lurker > 4 weeks ago | Report Abuse

sslee had also raised the issue of continous RI in Jaks future
... done at ever decreasing share prices
unless consolidation
then more RI at ever decreasing share prices
unless consolidation
then more RI at ever decreasing share prices
unless consolidation
then more RI at ever decreasing share prices
unless consolidation
then more RI at ever decreasing share prices
unless consolidation

=> you could lose 99% of your capital

:)

smartly

6,089 posts

Posted by smartly > 4 weeks ago | Report Abuse

good guess i3lurker...
this is the best method for them to unlock more cash and still holding on power.

i3lurker

11,359 posts

Posted by i3lurker > 4 weeks ago | Report Abuse

projects in the pipeline amounts to another USD3 Billion to USD6 Billion
its known and unknown future

plus hey man!!
if you want a Gas powered PP.
GE will gladly sell you one.
but have you looked at the gas prices now and future prices ?
and also bankruptcies of gas PP... ... man

looking into
known unknowns
unknown unknowns
known knowns
unknown knowns

most wise men elected to dump their shares and Mister Nobody bought them.
thats why drop drop drop and drop some more.

hng33

18,074 posts

Posted by hng33 > 3 weeks ago | Report Abuse

Steady profit from Vietnam Power plant.

Next Q will be higher as Vietnam power profit is USD denominated strengthen US, translating into higher RM profit

sato

305 posts

Posted by sato > 3 weeks ago | Report Abuse

Net profit 21.1 million and Vietnam PP contributes 33.9 million.
Hopefully can close 29-30 cents today!

Jnlee

204 posts

Posted by Jnlee > 3 weeks ago | Report Abuse

Ah seng, can add me to the group

hng33

18,074 posts

Posted by hng33 > 3 weeks ago | Report Abuse

Continue to drag down by local, otherwise, just solely from Vietnam IPP, valuation will be higher. Next catayst is commission 50MW solar power next year and potential new renewal power project.

In additional, favourable legal outcome against star will be leap up for jaks

Pinky

2,348 posts

Posted by Pinky > 3 weeks ago | Report Abuse

keep burning cash at local ops

i3lurker

11,359 posts

Posted by i3lurker > 3 weeks ago | Report Abuse

power plant shares are ALWAYS like this
you work like shit you get 10% IRR
any mistakes its all kaboom gone

=>whereas tech shares can get 10,000% IRR like say Apple or Amazon

=> why would any sane person buy a power plant share?

valueinvestor33

If is so favourable, why the share price keeps on falling down.

6 hours ago

Posted by valueinvestor33 > 3 weeks ago | Report Abuse

Problem is management unable to turn its local property biz around. Without P Plant, Jaks is worth nothing. Overall is the management issue.

huahtai98

763 posts

Posted by huahtai98 > 3 weeks ago | Report Abuse

Diu...then why are you still here

Posted by MikiMouse69 > 3 weeks ago | Report Abuse

Excellent result. Gap up today

Pinky

2,348 posts

Posted by Pinky > 3 weeks ago | Report Abuse

Gap up? hahahahaha

i3lurker

11,359 posts

Posted by i3lurker > 3 weeks ago | Report Abuse

the next RI could be 25 sen to 27 sen

another USD3 Billion to USD6 Billion capital requirements

you could lose 99% of your capital from repeated RIs and consolidations

Wise Men all sold it off...

i3lurker

11,359 posts

Posted by i3lurker > 3 weeks ago | Report Abuse

This system is actually well known.

This slow cooker process was perfected in the turmoil of Hong Kong financial system survival struggles to get Suiyee Sucker Bilis.
If you wanna a name... ... if anything .. .. this is called the Hong Kong Scam coz it was perfected there.

Its perfectly legal to ask for RI and then consolidation

end process you lose 99% of invested capital.

i3lurker

11,359 posts

Posted by i3lurker > 3 weeks ago | Report Abuse

even the scam methodology is duplicated from Hong Kong social life.

in Hong Kong, restaurants where waiters abuse customers seem to attract more people and was praised as good tasting food, end result is long queues and no available tables.
So similarly, such counters invariably have one or more people who are outright nasty or hostile.
Hong Kong Scam Bosses believe that this system of nasty people works to get Suiyee Sucker Bilis to buy.
Actually it works all the time.

:)

Pinky

2,348 posts

Posted by Pinky > 3 weeks ago | Report Abuse

but why analysts so fond of this stock

but then again Rakuten always very wonderful in their TPs la

liewtz06

356 posts

Posted by liewtz06 > 3 weeks ago | Report Abuse

Source - Affin Hwang
Improvement in associate profit as maintenance work is completed
The associate profit has recovered by 19% qoq, as the share of associate profit from
the power plant has increased to RM33.9m in 1Q22 from RM28.6m in 4Q21, mainly
driven by lower maintenance costs incurred as most of the work was completed in
4Q21. We believe that there is still potential upside to earnings, given that it is still
below the RM37.5m-RM43.4m/Q achieved in 2021. The improvement yoy was
mainly due to the second unit of the boiler, which only started contributing in January
2021. Given the improved stability of the power plant, management remains
confident that they would start receiving dividends from its associate soon, and would
also likely announce its maiden dividend to Jaks’ shareholders in 2022.
Continue working to turn around domestic operations
We believe that the narrowed PBT for its property investment operation to RM10.2m from
RM20.8m was mainly due to better cost management as the overall revenue for the
segment has only increased by less than RM0.5m for the quarter. We are expecting
stronger revenue (lower losses) in the coming quarter, due to the improved footfall for the
Evolve Concept City Mall (a huge portion of its rental is based on percentage of sales),
and the improved occupancy rate at its Pacific Star Business Hub. As of end of the quarter,
occupancy rates for the properties are at 67% and 31% respectively.
Maintain BUY with an unchanged TP of RM0.62
We have kept our earnings forecasts unchanged, given that the performance was within
our expectations. We also retain our BUY call and keep our TP unchanged at RM0.62,
based on a 20% discount to RNAV. We reiterate our BUY rating as we remain optimistic
as the potential maiden dividend in 2022 could be the re-rating catalyst. Downside
risk: higher-than-expected losses from its property investment segment.

Posted by khoinvest > 3 weeks ago | Report Abuse

If JAKS can declare its maiden dividend to Jaks’ shareholders in 2022, then JAKS will jet high. Lets hope for the best.

Pinky

2,348 posts

Posted by Pinky > 3 weeks ago | Report Abuse

"IF". Let's see IF they can get it before their local ops bleed them dry

Sslee

9,912 posts

Posted by Sslee > 2 weeks ago | Report Abuse

Jaks FY22Q1 result was not too bad with a PATAMI of RM21.1mil (EPS 1.03 sen). Again, it has been saved by the profit sharing from its Vietnam power plant.

Operating profit in this quarter stays negative at a loss of RM17.5mil, while profit sharing from Vietnam is RM33.9mil.

The quarterly profits contribution from Vietnam are RM33.9mil (FY22Q1), RM28.6mil (FY21Q4), RM43.4mil (FY21Q3), RM37.5mil (FY21Q2) and RM29.8mil (FY21Q1).

For the last full FY2021 ended in Dec21, overall operating loss was at RM108.8mil and the Vietnam profit sharing stood at RM139.3mil.

Operating cash flow remains poor as it registers persistent losses from its construction and property investment divisions, which looks never-ending.

Revenue is in the downtrend as no new construction contract is secured. Its LSS4 project is expected to be completed in one year's time (Q1 of 2023) but its profit contribution is likely to be relatively small.

To me, the only hope now for Jaks is to get the dividend payment from JHDP which is its Vietnam power plant investment. 

It's already been more than one year since the plant started operation but it seems like no dividend is distributed yet. Perhaps it will be in mid 2022?

Anyway, cash continues to be burnt daily and it has a total cash of RM102mil at the end of Mac22, after just raising RM129.5mil through private placement in mid 2021.

If operating cashflow is still poor in the next 2 quarters, I can't rule out a further cash call by Jaks.

As a well-managed company, MFCB's share price does not move much even though it gets RM450mil cash inflow yearly from its hydropower plant.

Looking at this, I have some doubts over how much valuation the market will give to Jaks later. We know that Jaks is not a very well-managed company after all.

looiting

325 posts

Posted by looiting > 2 weeks ago | Report Abuse

I'm still waiting to buy more at 0.26

stockwin

228 posts

Posted by stockwin > 2 weeks ago | Report Abuse

It is trading at current level simple because of shitty local operations. The PP operations is contributing consistent income now . At current level , why not.

luckyman

621 posts

Posted by luckyman > 2 weeks ago | Report Abuse

https://messenger.i3investor.com/res/msg/file/25087/2022/6/jaks_affin_...

Current market capitalization is RM613m only. Its net profit is projected to increase from RM51.9m in 2021 to RM113m in 2022. Unfortunately the share price has been dropping with no support at all, similar to many other listed companies in this bearish Bursa market.......

luckyman

621 posts

Posted by luckyman > 2 weeks ago | Report Abuse

Jaks management must quickly take actions to dispose of its property investment arms even at a loss to stop its bleedings, and use the proceeds to exercise its call options to buy the additional 10% stake in JHDP which can boost its annual net profit contribution to close to RM200m per annum.

luckyman

621 posts

Posted by luckyman > 2 weeks ago | Report Abuse

It's good to see the company start issuing more press release to the investment community. It will help raise the profile of the company

Pinky

2,348 posts

Posted by Pinky > 2 weeks ago | Report Abuse

When a company purposely do such press releases it's usually up to no good

I prefer when a company go about its business quietly and let Market realise its potential on its own

i3lurker

11,359 posts

Posted by i3lurker > 2 weeks ago | Report Abuse

sounds like Serba
Serba was all about publicity and Press releases as a way of doing business.
Serba business was only about selling Serba shares to Suiyee Sucker Bilis.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 weeks ago | Report Abuse

JAKS Resources Berhad
0.30 MYR
-0.50 (-62.50%)past 5 years
9 Jun, 5:00 pm MYT

Pinky

2,348 posts

Posted by Pinky > 2 weeks ago | Report Abuse

Naik sikit2, jatuh banyak2

hahaha hopeless Jiaksai

looiting

325 posts

Posted by looiting > 1 week ago | Report Abuse

I'm still waiting to buy more at 0.26

i3lurker

11,359 posts

Posted by i3lurker > 1 week ago | Report Abuse

at 26 sen, the next RI could be 20 sen

lost one third of capital

HamsterHuat

2,851 posts

Posted by HamsterHuat > 1 week ago | Report Abuse

18 cent....18 cent...

Posted by humblechung > 1 week ago | Report Abuse

0.05 lowest

HamsterHuat

2,851 posts

Posted by HamsterHuat > 1 week ago | Report Abuse

Apalah @humblechong saying 0.05 lowest.
You think this is Serba meh or Sapura?

Jaks making money lah...no illegal chop nor fake accounting....

Don'tlah tok thru your asshole....

looiting

325 posts

Posted by looiting > 1 week ago | Report Abuse

Buying today

looiting

325 posts

Posted by looiting > 1 week ago | Report Abuse

Thank you for making my dream come true. I target to buy 0.26 many months ago. Even tried to advise and slap Aseng and followers to see reality. Unfortunately, just like gloves maniacs, very hard to save them liou. They still believe fundamental runs the share price. In truth, it's the big boys and shorties who running the show. They have all information advantage. In poker game, they can see your cards already. So, becareful yah

HamsterHuat

2,851 posts

Posted by HamsterHuat > 6 days ago | Report Abuse

Alah....
25 cent buy lah.....26 cent no good...
Lolol

koyokui

1,571 posts

Posted by koyokui > 5 days ago | Report Abuse

Jaks always profit buy

SinGor

3,494 posts

Posted by SinGor > 5 days ago | Report Abuse

so how? 18sen can BUY

SinGor

3,494 posts

Posted by SinGor > 5 days ago | Report Abuse

my Street-friend said better buy a Golden arowana for RM1,888 for God of Prosperity to bring Good Luck then
invest in Jaks

Posted by humblechung > 5 minutes ago | Report Abuse

10 sen buy

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