Posted by Sckooi > 2021-08-02 16:24 | Report Abuse

I believe 0.485 is good price to enter.

Posted by tjhow1994 > 2021-08-02 17:07 | Report Abuse

need more at .46

Posted by darkxfs > 2021-08-03 09:57 | Report Abuse

Pesona got volume moving

Posted by Steady Punpipi > 2021-08-03 19:29 | Report Abuse

Sold all Jaks and switched to Serba Dinamik...can collect more shares of SDK

Posted by Steady Punpipi > 2021-08-03 19:30 | Report Abuse

Vietnamese a lot steal elec and don't pay for elec...huge DEBT expected ...t c

Posted by lawrgan > 2021-08-03 20:45 | Report Abuse

Great Joke of the Day.

Posted by RangerJ > 2021-08-03 21:48 | Report Abuse

Maybe it's time to buy some again?

Posted by Surge > 2021-08-03 22:30 | Report Abuse

Steady Punpipi: Vietnamese a lot steal elec and don't pay for elec...huge DEBT expected ...t c
That is nothing to do with power supplier, it is Vietnam national electric board problem. lol

Posted by BursaRangers > 2021-08-03 22:33 | Report Abuse

https://klse.i3investor.com/blogs/BursaRangersTechnicalPicks/2021-08-03-story-h1568938073-BursaRangers_Daily_Technical_Picks_03_August_2021.jsp

Posted by Bgt 9963 > 2021-08-04 08:55 |

Post removed.Why?

Posted by hng33 > 2021-08-04 12:22 | Report Abuse

In time of market turbulence, it is best to have business model that is concession for 25year, steady profit income in USD, tax exampted

Posted by Undi_PKR > 2021-08-04 13:52 | Report Abuse

Jaks not construction share? IPP shares not YTL power, Ranhill or Malakof better?

Posted by Surge > 2021-08-04 16:20 | Report Abuse

Jaks has Vietnam power concession in USD for 25 year with option to increase 10% to 40% share holding, further more coals supply prices is fix for 25 years. Good shelters for Covid-19 & political turbulence. Believe before Q results, price will move further.

Posted by Sslee > 2021-08-05 10:43 | Report Abuse

03 Aug 21.
KUALA LUMPUR: Jaks Resources Bhd's property investment operation will suffer more losses as most businesses remain shut and the bulk of the rental income is based on a percentage of tenant sales in the mall.

Affin Hwang Capital has cut its earnings forecasts for Jaks Resources' local operations due to the prolonged lockdown which has limited the company's ability to turn these businesses around.

"We have cut Jaks Resources's 2021 earning forecasts by 21.5 per cent to factor in the wider losses from its local operations due to the prolonged lockdown in Malaysia and change in share base.

"For Pacific Tower Business Hub, we believe that interested tenants would likely hold off on signing tenancy agreements, given that it would take awhile before businesses are allowed to operate as normal.

"There is also the possibility that the completion of the residential units at Pacific Star could be delayed again," it said.

Affin Hwang said as the bulk of Jaks Resources's Hai Duong power plant revenue was based on a take or pay basis, its earnings should be relatively stable despite the renewed lockdown announced recently.

The firm said although the off-taker had the option to buy more electricity from Hai Duong, it was unlikely to utilise this given the lower demand from the industrial sector.

"We had expected a higher profit from Hai Duong to help compensate for wider losses at its local operations.

"Currently, Hai Duong has an agreement which guarantees sales of at least 75 per cent of its capacity to the grid," it said.

The firm kept its "buy" call on Jaks Resources but lowered its 12-month target price to 62 sen.

This was based on the latest value of its investment properties and the new share base post the private placement.

© New Straits Times Press (M) Bhd

Posted by hng33 > 2021-08-05 11:36 | Report Abuse

Agreed, jaks next major laggard is its 2 big investment in shopping mall, Pacific mall and evolve mall. Both mall current suffering low occupancy rate, loss making eroded jaks power prfot from Vietnam.

Posted by Surge > 2021-08-05 14:06 | Report Abuse

Pacific mall is sitting on PJ golden triangle, value will continue to appreciate once pandemic end.

Posted by i3lurker > 2021-08-05 14:09 | Report Abuse

no worries

I will propose to Government to bring in 10 million Banglas.
All of them will stay at or around Pacific Mall.

I dun know whether this will be approved or not though....




Posted by Sslee > Aug 5, 2021 10:43 AM | Report Abuse

03 Aug 21.
KUALA LUMPUR: Jaks Resources Bhd's property investment operation will suffer more losses as most businesses remain shut and the bulk of the rental income is based on a percentage of tenant sales in the mall.

Posted by Surge > 2021-08-05 14:11 | Report Abuse

Pacific Mall is at PJ section 13, whole section 13 converted to light commercial, land price appreciate from Rm 90 Pdf (2005) to current >Rm600 psf, is petaling Jaya up & coming star city

Posted by Surge > 2021-08-05 14:43 | Report Abuse

Average volume for pass one month is about 17m shares, believe is on the move to higher level

Posted by ValueInvestor888 > 2021-08-06 12:19 | Report Abuse

Solar panel price has increased from 20% to 35%. It could be running at negative return if the price not coming down as the tendered rate is very low. They have to make booking soon as the process of order and delivery will take about 1 year, i was told. ALP can manage properly or not? Will it end up making loss like the star project?

Posted by ValueInvestor888 > 2021-08-06 12:22 | Report Abuse

I cannot understand why the rush to get this LSS4 project since jaks has no money and has to raise money thru PP at low price, making share base so big.

Posted by i3lurker > 2021-08-06 12:29 |

Post removed.Why?

Posted by ValueInvestor888 > 2021-08-06 14:34 | Report Abuse

The only good project is the Hai Duong power plant only. Most of the projects are not looking good.

Posted by Sslee > 2021-08-06 14:46 | Report Abuse

You can say all the Malaysia project/construction/business are loss making.

Posted by i3lurker > 2021-08-06 14:52 | Report Abuse

Solar waste costs EOL will mean another 10% of Total Project Costs not calculated yet.

=> Thats a Gigantic LOSS later

The Solar Waste ...most probably will store at Evolve Mall car park...

Cheers!!

Bottoms UP!!!

Posted by ValueInvestor888 > 2021-08-06 14:58 | Report Abuse

Yes, based on last quarter report, all other Malaysia projects, either construction or property development are loss making. Is ALP a good CEO? Most property developers/construction companies are making money like LBS, Ecoworld, Gadang, Sunway etc, why Jaks not making money?

Posted by Sslee > 2021-08-06 15:00 | Report Abuse

My plant supplier just email me stainless steel material cost increase by 60% from jan 2021 to july 2021 and his Malaysia fabricator workshop is on lockdown since June and unsure when can restart.

Posted by i3lurker > 2021-08-06 15:01 |

Post removed.Why?

Posted by ValueInvestor888 > 2021-08-06 15:01 | Report Abuse

Haha, ALP better sit down and do nothing, let China run the power plant, sell all Msia properties, let the power plant print the money every day with annual profit of RM 150m or more.

Posted by hng33 > 2021-08-06 15:05 | Report Abuse

Jaks have bad record in Msia business, all incur loss making construction orderbook all incur loss, property mall all incur loss, property development all incur loss. Currently, jaks only exit in property development, but still retain loss making construction due to lack labour to execute project and loss making shopping mall.

Only IPP from Vietnam is profitable, but offset partially by these culprit business in Msia.

Posted by ValueInvestor888 > 2021-08-06 15:20 | Report Abuse

Time is bad for construction, but good managed companies like Sunway, even smaller players like Gadang, Taliwork, HSL and many others are still making money last quarter.

Posted by lawrgan > 2021-08-06 16:24 | Report Abuse

IPP is profitable simply because it is well managed by a group of professional experts.

Posted by hng33 > 2021-08-06 16:32 | Report Abuse

IPP is build and manage by China partner, jaks derive construction profit by subcin to its China partner.

Posted by ivanlau > 2021-08-06 21:08 | Report Abuse

------ quote --------
Stock: [JAKS]: JAKS RESOURCES BHD

Jun 1, 2021 1:40 PM | Report Abuse

As per my calculation, pls only consider this stock at 46 cents in year 2021.
---------- unquote ------

today closing 0.48 .......

Posted by Surge > 2021-08-07 11:50 | Report Abuse

Jaks Resources Bhd - Turning the tide
Author: MalaccaSecurities | Publish date: Thu, 29 Jul 2021, 10:14 AM

Summary

JAKS Resources Bhd (JAKS) has succeeded in the appeal against the High Court decision to pay damages to Star Media Group Bhd (STAR) in relation to the latter’s corporate guarantee claim. The claim is in relation to the balance purchase price of RM134.5m for the sale of a piece of land in Section 13, Petaling Jaya from STAR to JAKS.
Recall that STAR filed the suit against JAKS on 30th April 2019, claiming RM134.5m in balance purchase price, along with late payment interest of RM50.5m. JAKS undertook the development of Pacific Star on the land, which includes a 15-storey office block (Tower A), but missed the deadline to deliver the tower to Star Media after a delay of 28 months.
While there will be no financial impact on JAKS, we view the matter to be favorable to restore JAKS reputation amongst investors after being clouded by uncertainties over the past 2 years amid concern over potential impairments from the aforementioned matter. Moving forward, JAKS will continue to focus on current operations as well as business expansion plans, particularly in the power and renewable energy business segment.
On the Vietnam power plant operations, the balance RM81.7m EPCC works will be recognised in subsequent quarters, while the local construction orderbook of RM232.6m (as of 1QFY21) will sustain revenue visibility till 2022. Under the prevailing situation, we understand that the construction and property sector is expected to remain beset by temporary halt in work orders until Malaysia’s economic activities gradually return towards pre-Covid levels.
Still, we expect the Hai Duong power plant to be the main profit driver over the foreseeable future, which will cushion the other segment’s weakness. After a washout year in FY20, we expect JAKS to remain profitable in subsequent quarters.
On LSS4, construction works is expected to commence in 2022 and expected to be operational by 1Q23. Upon completion, we have penciled mid-high single digit IRR, which will see net margins between 10-15%.
Valuation & Recommendation

Given the favourable outcome in overturning the High Court decision, we made no changes to our earnings forecast, pending the upcoming quarter results (2Q21) to be release tentatively by end of next month. Therefore, we maintained our BUY recommendation on JAKS, with an unchanged target price of RM0.72.
Our target price is derived by sum-of-parts (SOP) approach as we ascribed a target PER of 9.0x to both its construction and property development segments, based on their potential earnings contribution in FY22f. Meanwhile, we valued both its concession businesses (thermal power plant and LSS4) on a discounted cash flow approach.
Risks to our recommendation and target price include lower-than-expected utilisation rate or unexpected increase in overhead cost in Vietnam IPP project. Failure to meet our construction orderbook replenishment assumption of RM100.0m per annum. The Vietnam operations are denominated in USD whereby a firmer USD/MYR movement will be favourable and vice versa.
Source: Mplus Research - 29 Jul 2021

Posted by IronShirt > 2021-08-09 10:44 | Report Abuse

close below 47sens, will RI holders start throwing.

Posted by Superb99 > 2021-08-09 12:28 | Report Abuse

Should change its name to snail bhd

Posted by Surge > 2021-08-11 09:23 | Report Abuse

Jaks price stay at this level may spark big fish to swallow

Posted by i3lurker > 2021-08-11 09:27 | Report Abuse

I wonder what is the next new RI price?

20 sen or 30 sen?

obviously insiders who know are already throwing

Posted by Davidl > 2021-08-11 12:39 | Report Abuse

Time to accumulate!

Posted by Surge > 2021-08-11 13:38 | Report Abuse

IJM recently sold off its plantation division, got substantial amount of money to look for opportunities. With >Rm 500m can obtain 51% shareholding.

Posted by ValueInvestor888 > 2021-08-13 16:52 | Report Abuse

ALP rushed to tender the LSS4 project at low rate is a bad move. Checked with a friend that is doing solar project, the tender rate by Jaks, Ranhill are too low to be profitable at current solar panel price which has increased by over 30%.

Jaks at best is still goreng stock. Guess ALP is also not so kind to investors of private placements who hope to make quick money also stuck. Those investors who have no holding powers also koyak.

Two of the Investment criteria
Good Management = fail
Good growth prospect = so so. Only Vietnam power plant is making money

Dislike
Endless fund rising which is dillutive. The recent fund rising for LSS4 is a joke for a solar project that is likely not making any money.

Posted by ValueInvestor888 > 2021-08-13 17:36 | Report Abuse

Company no money( maybe have hard time to pay staff salary) still wants to rush to tender big project like LSS4 project by fund rising again, making NOSH now over 2 billion + warrant a b c = over 3 billion. All projects are bleeding still think big?

Really cannot understand the logic. Can't they wait for dividends from JHPP first or when the company have better cash flow first then only think of big project. A responsible mgt should do this way.

Haha, perhaps Sslee can be a better CEO.

Posted by HrryPttr > 2021-08-13 19:24 | Report Abuse

Sure die la

Posted by trum > 2021-08-13 19:36 | Report Abuse

Muka tebal. Apa boleh buat?
My son sikit buat salah pun dah malu.

Posted by Bgt 9963 > 2021-08-14 08:45 |

Post removed.Why?

Posted by stockraider > 2021-08-14 08:45 | Report Abuse

like Lee Kuan Yew once said...."u must have good governance b4 can be successful mah!"

Without it u r dead duck loh!

And jaks unfortunately is "without loh"!

Posted by goldenluck16 > 2021-08-14 09:07 | Report Abuse

Money sucking stock.

Posted by SinGor > 2021-08-14 18:14 | Report Abuse

i have still a few lot stucked inside freezer at 0.47...maybe sell on Monday to buy nasi lemak
for workers

Posted by Bgt 9963 > 2021-08-15 10:46 |

Post removed.Why?