Hoho Mr Kyy oredi Trapped in Jtiasa when he sailang all his investing Fund in Jtiasa .. pushed Up from RM 1.42 to RM 1.53 … the Last Pushed Up to RM 1.53 is from Volume 4 Million to above 15 million shares …
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Posted by ks55 > 2 hours ago | Report Abuse
Jaks is dead without DK. Jaks cannot recover because of ALP. Jaks won't see sun with no KYY around.
Hoho see Jaks CEO (Major shareholder) business acumen n determination:
1.) successfully steered Jaks diversified into Power Plant generation industry ( since 2011 with Vietnam agreement, only started construction of the JV Power Plant 1200 MW EPCC RM 8.7 billion on October 2016 … is COD on January 2021 , with recurring Income for 25 years until 2046 .
2.) successfully steered Jaks diversified into Solar RE industry:
a.) LSS4 50 MW in Penang is COD on August 2023 with recurring Revenue n Income for 25 years until 2048 .
Cost RM 200 million: financed by syndicated Loans RM 220 million ( Jaks as asset owner included the Freehold land ).
👉Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period) Cash line facility: On demand Bank guarantees: Up to two years (inclusive of claim period).
👉👉 LSS4 50 MW project investment capital is All finance by syndicated Loans .
Referred to Annual Report FYE2023 , Jaks had acquired 30 plots of Free Hold lands in Seberang Prai , Penang on 2019 .
LSS4 50 MW project is awarded on 2021 ,syndicated Loans RM 220 million is approved on March 2022 .
> Jaks sold 13 plots of Penang lands , Balance 17 plots as LSS4 50MW Solar farm .
👉👉👉 Jaks sold Penang 13 plots Free Hold Lands on 9/9/2024 , monetise the Lands with RM 77.74 million ( a net pro forma gain of RM50.38 million ) .
3.) awarded CGPP 30MW Solar RE project on August 2023 ( Consortium: Jaks 51 % , Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. ) …COD is expected by end 2025 .
CGPP winners can choose their end customers/ offtaker.. not only sell to TNB n cross border .
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)
👉4.) Our 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.👍
We believe these projects will fill the pipeline and provide financial stability in the future.
Hoho KonFoxy aka Demusang aka 123theman aka Musang King aka stockgal, Loss Naked in Fintec …Best in Twisting without facts n figures …will delete own posts….beware ..
Hoho no wander lo .. FoxyLadyy
MrFox MrFox | Joined since 2019-02-13
musangfoxking musangfoxking | Joined since 2014-09-10
stockgal fatfat | Joined since 2012-10-16
Hoho KonFoxy 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 ).
>>>> After k awaken by Kon BobAxelrod on 2021 .. both as Pretending Negative Commentators in Serba …
Her partner Kon BobAxelrod said will not recommend best stocks wow but used many aka id to promote.. 👉 Kon Bobaxelrod
1.) Use many aka id to promote stock : Trevor777 , Trevor888 , Dr Michael
2.) Used id image to Axe Capital CEO Billionaire BobbyAxelrod and New Boss Michael .
👉👉👉 TinKosong AuntieKonHuangbk72 Twisted saying I am the One whom said will Not Promote stocks . Her Partner KonBobAxelrod is Missing in Action liaw … I am debated against KonBobAxelrod n Mabel in Serba … Huangbk defended KonbobAxerod n challenged me to see who can post continuously without stopping until 5 pm … without facts n figures… just a TinKosong Kon twisting shamelessly .
👉 His latest aka id MrHuangbk is banned permanently as used many similar id/abusive id to post abusive n unethical contents .
>>> 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.
This article first appeared in The Edge Malaysia Weekly on June 24, 2024 - June 30, 2024
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.
Although analysts who cover the company’s stock mostly have a positive view of Yinson, the group’s accounting policy or treatment for certain aspects of its operations can be disquieting.
Surely, Yinson can do better with its financial reporting.
Aiyoyo Miketikus.. Still keep spinning when caught posting gibberish
Simple example :
U posted:
Posted by jjohnchew > 1 hour ago | Report Abuse
Hoho previous Years Financial Report is not followed IFRS … used Operating leased instead of Finance leased with Elimination here n there … Next FY shl follow IFRS … just coincidentally Bursa announced on December 2024 … all Listed Companies to follow IFRS with backtrack to 3 years … make sure can track those Elimination figures lo …
Now you say Yinson says this :
>>> 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.
Know the difference?
Hint : "Hoho previous Years Financial Report is not followed IFRS"
Hoho Yinson those elimination figures better get it Right … Not like TDM case that New Auditor on 2019 … Rectified the Mis-location issue 2029 in Huge Loss .. rectified 2018 from Profit to Loss .. then 2020 to 2022 in Loss ..
Hoho see Jaks CEO (Major shareholder) business acumen n determination:
1.) successfully steered Jaks diversified into Power Plant generation industry ( since 2011 with Vietnam agreement, only started construction of the JV Power Plant 1200 MW EPCC RM 8.7 billion on October 2016 … is COD on January 2021 , with recurring Income for 25 years until 2046 .
2.) successfully steered Jaks diversified into Solar RE industry:
a.) LSS4 50 MW in Penang is COD on August 2023 with recurring Revenue n Income for 25 years until 2048 .
Cost RM 200 million: financed by syndicated Loans RM 220 million ( Jaks as asset owner included the Freehold land ).
👉Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period) Cash line facility: On demand Bank guarantees: Up to two years (inclusive of claim period).
👉👉 LSS4 50 MW project investment capital is All finance by syndicated Loans .
Referred to Annual Report FYE2023 , Jaks had acquired 30 plots of Free Hold lands in Seberang Prai , Penang on 2019 .
LSS4 50 MW project is awarded on 2021 ,syndicated Loans RM 220 million is approved on March 2022 .
> Jaks sold 13 plots of Penang lands , Balance 17 plots as LSS4 50MW Solar farm .
👉👉👉 Jaks sold Penang 13 plots Free Hold Lands on 9/9/2024 , monetise the Lands with RM 77.74 million ( a net pro forma gain of RM50.38 million ) .
3.) awarded CGPP 30MW Solar RE project on August 2023 ( Consortium: Jaks 51 % , Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. ) …COD is expected by end 2025 .
CGPP winners can choose their end customers/ offtaker.. not only sell to TNB n cross border .
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)
👉4.) Our 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.👍
We believe these projects will fill the pipeline and provide financial stability in the future.
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 Solarvest , Sunview and Gading Kencana not in the LSS5 2000 MW Shortlisted list also . ( LSS4 823 MW ) .
Hoho as said Gameplay’s in Solar RE industry is different liaw …better do EPC construction contract liaw …
👉 TNB among LSS5 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 Jaks , Solarvest, Sunview and Gading Kencana are Winners of CGPP projects .
—- 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 Solarvest , Sunview and Gading Kencana not in the LSS5 2000 MW Shortlisted list also . ( LSS4 823 MW ) .
A big suprise jaks finally declare its first ever dividend of half sen with DRP.
Another suprise where jaks going to get its cash to pay dividend? Most likely jaks will set the DRP price below 10sen to lure shareholders to opt for DRP instead of cash.
Hoho as posted earlier.. A positive sign as Vietnam JV Power Plant 1200 MW EPCC RM 8.7 billion associate company started payout Dividend on June 2024 , from yearly to Half yearly! 👍
Now another positive sign as Jaks declared Dividend after so many years …
Posted by jjohnchew > 17 minutes ago | Report Abuse
1st Lies :
Hoho wow KonLee is an “ Attention Seeker “ .., approached my Question 1st in Netx on 2020 telling Lies replied my post which directed to Konstockraider to bail out Stockraider on Insas-WB whom play wayang in Insas-WB forum with Calvin whom invested RM 5000 …
Then Kon Sslleee said StockRaider Win 1 Myvi in Netx RI .. StockRaider said Win 2 Myvi… both blowing bla bla bla Klon the Wayang Script on Insas and WC …
After KonLee posted in Netx , his Kon gang in Tunepro, Hengyuan, Petronm started to promote Netx … will post n delete own posts …..beware .
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
Hoho why ah Jaks recently taken measures to raise funds ?
Earlier taught is for LSS5 2000MW EPCC RM 7200 million… but from a Newspaper Article on MOU with lease 200 MW TDM Land 1730 acres , mentioned the Project is RM 800 million.
The bid rate is Higher le , not Lower than LSS4 bid rate . End Result is Not shortlisted.
👉 As posted earlier.. Solar RE industry gameplay’s is Changing , lead by TNB n Khazanah Nasional Bhd through UEM Group as announced last year , 2023 …… better to do EPC Construction contracts as LSS projects IRR became low n lower .
👉And taught raise Funds for on going CGPP 30 MW project , but Jaks 2024 AGM minutes:
👉👉 The funding plan includes internally generated funds such as dividend received from our oversea operations, JAKS Hai Duong Power Limited Co
And 👉👉👉 Our 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.👍
Recently raise Funds thru :
1.) Jaks sold Penang Free Hold Lands on 9/9/2024 , monetise the Lands with RM 77.74 million ( a net pro forma gain of RM50.38 million ) .
2.) JAKS' indirect subsidiary to raise RM250m via medium-term note programme
6 Dec 2024 — ... has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia.
None of the bank dare to borrow money to Junk stock Jaks and they not even have enough money to pay stuff salary with in 2 months so sad this company going to bankruptcy anytime soon 😂😂
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jjohnchew
3,574 posts
Posted by jjohnchew > 2 days ago | Report Abuse
Hoho as usual Pokkai TinKosongKonPetHuangbk only know shamelessly lying n twisting without facts n figures… and so Dumbasxxx to learn le …
DRP is Optional…either u opt to reinvest or want Dividend payout….
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Posted by Huangbk72 > 6 minutes ago | Report Abuse
Is Miketikus even a shareholder or read the dividend ( DRP) properly?
Can Miketikus tell everyone how much of half cent dividend can he get from Jaks? 😉