JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.14

Today's Change

0.00 (0.00%)

Day's Change

0.135 - 0.14

Trading Volume

610,100


41 people like this.

64,793 comment(s). Last comment by jjohnchew 15 hours ago

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 00:12 | Report Abuse

I do not need to sell my subscription to survive, I have more than enough money for the rest of my life.
I can live very comfortably.



yes, you no worry , But how can I believe you if what you are doing and still doing is contradicting to what you said .

if you do not charge your subscribers RM1000 then I believe what you said

if you have no subscribers to help you to push up the price and make you able to win first before they win , i don't believe you can be that lucky to shout here how clever are you

if you do not believe your subscribers is the strength of your success , then do you need to come here to read what Aseng said

you are the most ungrateful person . you never bother how your subscriber feel when you said they contribute nothing to your success

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 00:21 | Report Abuse

firehawk,

I read it this way

Kenanga Investment Bank Berhad (KIBB) is the Principal Adviser of the corporate exercise .
it is the oversight or mistake of the principal adviser . Jaks is very lucky to have engage such a careless adviser . Jaks in fact is entitled to claim for the damage if any .

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 00:40 | Report Abuse

Posted by OTB > Oct 25, 2021 9:17 PM | Report Abuse

Unless you are OTB selling tips every week , if not your subscriber will run away .
-----------------
I do not need to sell my subscription to survive, I have more than enough money for the rest of my life.
I can live very comfortably.


Aseng :HOW TO LIVE COMFORTABLY IF YOUR SUBSCRIBER PAYS YOU RM1000 AND YOU GOT TO WORK MORE THAN 10 HOURS A DAY, 7 DAYS A WEEK.



I do not worry my subscribers go away.
I only worry I recommend a lousy stock and I did not do a good job.

Aseng : you are the only sifu and the only one sifu in i3 who said he will never recommend a lousy stock . I think the market must be your obedient son . but do you know that sometimes your own obedient son also do not listen to you.


I am a very responsible person.

Aseng : i believe you are a responsible person . but when you less talk like a snake oil sifu you can be a better person

No point talk bad behind my back.

Aseng : do you not like I tell you the truth so that you can be a better sifu

OTB

11,451 posts

Posted by OTB > 2021-10-26 06:45 | Report Abuse

firehawk is right, he is so sarcastic on your posting.
You still never catch it.

I do not blame you because your standard is that low only.
Do not know what you are talking.
I avoid this person.

OTB

11,451 posts

Posted by OTB > 2021-10-26 07:05 |

Post removed.Why?

OTB

11,451 posts

Posted by OTB > 2021-10-26 07:19 |

Post removed.Why?

Sslee

6,222 posts

Posted by Sslee > 2021-10-26 08:05 | Report Abuse

Dear Aseng do not fall in love with any stock.
By the way an IRR of 12% will never get you NPV of Jaks using DCF is 3 billion X RM 1.50.

I did not joint any private chat group when the moderator only allowed a single views. This is more like a religion chat group, because no facts and data required only thing required is beleiving.

SCK82

238 posts

Posted by SCK82 > 2021-10-26 08:25 | Report Abuse

Hold Tight. TP Rm 1.

Just88

492 posts

Posted by Just88 > 2021-10-26 08:40 | Report Abuse

Sslee Dear Aseng do not fall in love with any stock.
By the way an IRR of 12% will never get you NPV of Jaks using DCF is 3 billion X RM 1.50.

I did not joint any private chat group when the moderator only allowed a single views. This is more like a religion chat group, because no facts and data required only thing required is beleiving.
26/10/2021 8:05 AM

----------------------
Since you did not join any private chat group, how do you know that they are like religion chat group ??

Just88

492 posts

Posted by Just88 > 2021-10-26 08:41 | Report Abuse

Where is your facts and data ?

Just88

492 posts

Posted by Just88 > 2021-10-26 08:48 | Report Abuse

In DK private group, we are required to speak with facts and data only.

"Practice of fear mongering is strictly prohibited. Statements must be supported by credible arguments failing which will lead to removal from the group. Thank you."

Sslee

6,222 posts

Posted by Sslee > 2021-10-26 08:49 | Report Abuse

Just prove to me how an IRR 12% JHDP will give you NPV of Jaks using DCF is 3 billion X RM 1.50?
Remember Vietnam is a socalist country.

Just88

492 posts

Posted by Just88 > 2021-10-26 08:57 | Report Abuse

Sslee, nobody will prove it to you. You want to know you need to join the group. Unfortunately, DK has quit i3 forum totally. You need to ask Aseng (the other admin) to bring you in.

luckyman

732 posts

Posted by luckyman > 2021-10-26 09:30 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203304

Obviously it appears that the corporate adviser (Kenanga) did not do its job right for the breach because as a paid adviser, it had the obvious role and duty to advise Jaks on the rules and regulations pertaining to the rights issue as well as to ensure full compliance.

On the hand, why Bursa had to take such a long time to pick up and flag out this non-compliance?

In other words, oversight does happen here and there in the new era? There are simply too many rules and regulations to manage nowadays and every organization keeps on downsizing their headcounts and force them to multi-task until they lose focus and overlook a lot of things....... so sad...

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 09:33 | Report Abuse

Dear Sslee,

Thank you very much for your kindness,

You have the right not to a gree and believe

I have no surprise your valuation is different from Dk . The result or the validity of a valuation is as good as the assumptions made . A small difference in the assumption will result in a big difference in a 25 years calculation . Dk is an qualified accountant and also a very hard working and honest person who has an in depth studies of the power plant . He shared his research in i3 public forum and had passed the strict public scrutiny. There is no question or doubt which is not answered satisfactory and reasonably with fact and data by him . So it is unfair to say only single view is allowed and only requirement is believing .

Then why the share price can not perform ?
Because Dk is not a good snake oil sifu like OTB who is only good to steal all the fact and data from Dk and claimed that it is his own miss universe. KYY is even worse, steal the second hand knowledge from OTB and claimed that was his golden rules .

Am I not talking fact and data ?

Ask OTB .

I don't think he dare to reply if vulgar language is not allowed.

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 09:51 | Report Abuse

My good friend Sslee,

You had made yourself look immature or not rational today. You said you did not join any private group but you talked like an expert with a prejudiced mind.

Very bad .

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 09:54 | Report Abuse

That is why when you question the SC or Jaks management, you got a very honest answer to remind you that ' I do not have the obligation to teach you accounting and company laws '

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 09:57 | Report Abuse

If common sense is true knowledge, then there is no true knowledge.

Sslee

6,222 posts

Posted by Sslee > 2021-10-26 10:01 | Report Abuse

Good morning Aseng,
I talk with an open mind. JAKS already proven no end PP, RI, LTIP and unable to manage Pacific Star till LED to the tune of 200+ millions. What else, did any of Jaks malaysia construction jobs make any profit?

mita29

1,064 posts

Posted by mita29 > 2021-10-26 10:35 | Report Abuse

Today we check if there is short selling it must be from Sslee. lmao.....

Sslee

6,222 posts

Posted by Sslee > 2021-10-26 10:46 | Report Abuse

Haha,
If you are a true believer jaks true value is RM 1.50, shouldn't you welcome short sellers to short it so that you can collect ton of Jaks cheaply?

mita29

1,064 posts

Posted by mita29 > 2021-10-26 10:50 | Report Abuse

#Rolleye, my target much lower than 1.50 lah, everyone has their own target one mah, Dear Sslee the Jaks short seller, If you manage to short it to 0.425 I top up again loh... faster lah....

mita29

1,064 posts

Posted by mita29 > 2021-10-26 10:52 | Report Abuse

This counter needs long consolidation so that It can fly higher in the future... So take your time anyway..

SCK82

238 posts

Posted by SCK82 > 2021-10-26 10:57 | Report Abuse

Hold tight. The reprimand news was known. and already factor in for last week's slight slump. they plan to announce a new project soon. TP 1 to 1.5, is possible.

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 12:20 | Report Abuse

Why I am so confident what I am doing is right ?

1. The power plant is real
It had started contributing income to the company
From today onwards you will never see Jaks reporting a negative income any more .
Based on the calculation done by DK , the fair value is RM1.50, derived after the conversion of all the warrants plus a 30M per year for domestic business loss for a period of 5 years

2. The company is moving in the right . The future expansion into solar , hydro and LNG energy is timely and a right investment choice.. This will contribute another consistent income and further strengthening of the strong recurring income of the company. more important a very strong rerating of the current ESG score

3. based on the management guidance , disposal or discontinuation of the loss making domestic business is ongoing. any good news , anytime from now or after the lock down recovery will serve as a strong catalyst to push the shares price sky high


4. Is fund raising no good ?

it depends whether it is value accretive or value destructive . if your biased common sense is true , the IPO is the biggest value destructive and we have no good share to buy .

Aren't these not good enough reasons to boost my confident . And this confidence is not built on sand but supported by valid reasons.

shares trading is a game of confidence
but when the confidence must be derived from facts and data
then success is just a matter of time
so waiting is the only strategy

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 12:25 | Report Abuse

my strategy is simple

Buy a good stock cheap and keep for 2 years

Investment success = Great company + patience

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 12:27 | Report Abuse

Posted by Sslee > Oct 26, 2021 10:46 AM | Report Abuse

Haha,
If you are a true believer jaks true value is RM 1.50, shouldn't you welcome short sellers to short it so that you can collect ton of Jaks cheaply?


i can wait for 2 years doesn't mean all my good friend here are not anxious to see the gain

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 12:30 | Report Abuse

Posted by Sslee > Oct 26, 2021 10:01 AM | Report Abuse

Good morning Aseng,
I talk with an open mind. JAKS already proven no end PP, RI, LTIP and unable to manage Pacific Star till LED to the tune of 200+ millions. What else, did any of Jaks malaysia construction jobs make any profit?


i talk with a sincere heart

my confidence is built on professional valuation

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 12:55 | Report Abuse

price and value are 2 difference things

good value doesn't mean a good price
good price doesn't mean a good for value

but we are value investor
we believe in the long run,
market is a weighing machine
so buy a good stock at a cheap price
hope to score a more than 300% return in 2 years
based on professional valuation
is a wise business decision
the probability of success is high


but if you are too anxious to gain
can not wait
then join OTB group
he has a big pool of subscribers to help him to buy the stock price up
but
you should not be that naive to believe that he will tell you to run before he had already sold at the price he feel has no more meat to bite. if not , you will be swallowed alive by the receding tide.

Sslee

6,222 posts

Posted by Sslee > 2021-10-26 13:03 | Report Abuse

What make a great QM and company? So do Jaks has great QM? And is Jaks a great company?

1. Disciplined, but nimble: Quality managers (QM) invest in organic growth and prudent acquisitive growth. But they resist the temptation of grabbing growth through big acquisitions, which often destroy shareholder value while enlarging a manager’s domain. Undisciplined acquisition sprees signal vanity, not quality. On the other hand, they have a good sense for the opportunistic, in acquisitions and otherwise.

2. Independent: QMs act according to their internal conviction, not external fashions or the latest trends. They question calls for cookie-cutter governance and, while listening to constructive criticism from activist shareholders and others, do not bend their convictions.

3. Long-term business vision while focused on the present: QMs look beyond their own tenure as CEO — years ahead, not quarters. This long-term view may manifest in service contracts, R&D projects, scientific enterprises and leases and products. For example, Diageo’s DEO 9,000-year lease on its Guinness Dublin brewery. All that said, QMs do not let long-term vision be an excuse for repeated short-term failure.

4. Limited publicity: Celebrity CEO status tends to benefit the CEO more than the company. Subpar corporate performance is often the result, as the economists Ulrike Malemendier and Geoffrey Tate have shown. The exception proves the rule, as celebrity CEOs with good business records tied their personal status to corporate purposes, epitomized by Ryanair Holdings’ RYAAY Michael O’Leary, Virgin Galactic Holdings’ SPCE Richard Branson and Berkshire Hathaway’s BRK.A BRK.B
Warren Buffett.

5. Promote quality employees: QMs understand that employees are a company’s most valuable resource, and are often the difference between success and failure, according to “Talent Managers” by Bill Conaty and Ram Charan. Developing and deploying talented teammates are high priorities of quality managers. Results confirm this mindset in everything from productivity rankings to employee survey data. At managerial levels, results may appear in recruiting by other companies.

6. Candid communications: QMs talk straight with both staff and shareholders. That means simple language rather than foggy elliptical prose. It means writing one’s own letters or press-release quotes rather than using the PR staff. Such candor can be detected in all communications, including at annual meetings and on quarterly calls.

7. Think like owners: Smart stockholders and savvy CEOs share a business’s top priority: effective capital allocation. QMs put themselves in the shoes of shareholders when deciding how to spend the company’s money. They prize putting every dollar to its highest use, from organic or acquired growth to share buybacks and dividends.

8. Aligned with shareholders: QMs purchase company stock with their own cash and show an intention to hold it indefinitely. (For companies that pay no- or low dividends because of their ability to redeploy capital at high after-tax rates, quality managers may periodically sell small portions of their stakes for liquidity.)

Maintaining quality is a conscious, continuous, and intelligent effort. To paraphrase the 19th century British critic, John Ruskin, or, in the blunter terms of Aristotle: “Quality is not an act; it is a habit.”

mita29

1,064 posts

Posted by mita29 > 2021-10-26 13:13 | Report Abuse

Sslee so try hard today..... how many you short? you untung at Airasia last week now come kacau here... lmao...

OTB

11,451 posts

Posted by OTB > 2021-10-26 13:15 |

Post removed.Why?

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 13:18 | Report Abuse

OTB said I am jealous of him

it is true

because he has a big pool of followers to help him to shake the price

i do not have

not even my good friend Sslee

I know it the big money that moves the price

not his tips or my value buy call a or anyone's TA

that is why I work so hard here

hoping to gather a big pool of genuine followers

to fight a winning victory against the short selling

and achieve our common goal

OTB

11,451 posts

Posted by OTB > 2021-10-26 13:18 | Report Abuse

I do not have any relationship with you.
Please do not talk bad about me or personal attack on me in I3.
Be a gentleman here.

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 13:32 | Report Abuse

Posted by OTB > Oct 26, 2021 1:15 PM | Report Abuse

Answer
You are not my subscriber, you have no right to attack me because you do not know my system and strategy well.

You are 1 eye jack in the blind eye world.
You can continue to bullshit here, I do not care and I refused to comment on you.
I do not care about Jaks and I also have a code of ethic not to comment or talk bad about this stock.
Please show some professionalism here.

Please stop comment about me.
You are not qualified and you do not have any right here.
If you are so good, you should write better report here with facts and figures.

Do not let me score you here.




Aseng :

my strategy is buy and forget

2 years or exit tp 1.50 whichever come first

your strategy is buy today , win tomorrow


I do not need to prove myself an expert in investment

but to talk honestly and tell the truth

but

you got to do it everyday


if not your subscribers will run away


we are not the same .

Sslee

6,222 posts

Posted by Sslee > 2021-10-26 13:49 | Report Abuse

There are not many great companies in Bursa that you can just buy and forget.

You must know how to read sentiment/mood, quarterly internal and external financial/economy and etc to set your cut win or cut loss threshold.

No one owe you anythings whether you win big or loss big in Bursa. You need to take full respinsibility on you own risk and reward.

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 14:02 | Report Abuse

Posted by OTB > Oct 26, 2021 1:18 PM | Report Abuse

I do not have any relationship with you.
Please do not talk bad about me or personal attack on me in I3.
Be a gentleman here.


Aseng :

I want you to know
without your subscribers' money
your tip is no different from anyone


i want the readers here to understand
the stock price can not perform
not because of the FA or TA

but

we are not organized
we act separately
we do not know how to win big
we are misinformed


you had provided a good example
how should we act
in order to achieve our common goal

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 14:11 | Report Abuse

Posted by Sslee > Oct 26, 2021 1:49 PM | Report Abuse

There are not many great companies in Bursa that you can just buy and forget.

You must know how to read sentiment/mood, quarterly internal and external financial/economy and etc to set your cut win or cut loss threshold.

No one owe you anythings whether you win big or loss big in Bursa. You need to take full respinsibility on you own risk and reward.





my good friends,

These are the general statements we use to talk when we do not have any factual things to say.


but



I provide a clear cut direction for my followers to act
the reason to act so and worth to act so

mita29

1,064 posts

Posted by mita29 > 2021-10-26 14:36 | Report Abuse

today if got short seller is Sslee i can confirm this, why waste time talk crap here if you dont have short position right? :)))))

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 14:53 | Report Abuse

The figures speak louder than commonsense

20/10. the daily short sellers bought back 417800 shares

21/10. the daily short selling is 0

22/10. the daily short seller bought back 568500 shares

25/10. the daily short selling is 0


what does the figure tell you ?

the short sellers had begun to buy back to cover their net short position which they can borrow forever and got to pay interest for the amount borrow .
Jaks is no more a good value short selling for them


what should we do ?

if you had already bought enough amount , then do nothing
the short sellers will push up the price to buy from you later


what we will see later ?

if we stay united and the price manage to break above 0.5 , then OTB will kiss Aseng a thousand times

firehawk

4,782 posts

Posted by firehawk > 2021-10-26 16:14 | Report Abuse

Sslee Learned that you are not joining the private group, that means you can't get the exclusive and valuable info ..... however, fortunately, many members of the private group come out to educate you ..... may be you can consider this as honour :D

firehawk

4,782 posts

Posted by firehawk > 2021-10-26 16:21 | Report Abuse

it could be this public forum seemed is much more influential, just make the privately group members can't constrain to their group :D :D

goldenluck16

1,956 posts

Posted by goldenluck16 > 2021-10-26 16:35 | Report Abuse

Money sucking counter... can't make money from this fishy counter.

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 17:11 | Report Abuse

if you can not contribute any fair and unbiased view in your own language

then you can emulate my good friend Sslee to do some copy and paste .

with Google search engine

it is not difficult to make yourself look smart and knowledgeable

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 17:54 | Report Abuse

Firehawk,

it is not our idea to go private
it is the many half pass six sifu here trying to look smarter than they are supposed to be that had made the genuine free flow of knowledge in the public forum near impossible

these half pass six sifu are lazy
they did not do their homework before they make a conclusion
they like to mislead the readers here with all sort of bombastic jargons that they themselves also do not know what they are talking about
they do not have the background to understand the nature of the business
they do not have the abilities to make good assumptions for a reliable valuation.
but
they like to argue or prove other wrong with their common sense on the topic that they are not familiar

DK departure from the public forum is a big loss to not only you and me but all the genuine investors , old and new , who want to learn more about power plant , financial accounting and behavioral science

SEE_Research

4,653 posts

Posted by SEE_Research > 2021-10-26 18:19 |

Post removed.Why?

OTB

11,451 posts

Posted by OTB > 2021-10-26 19:17 | Report Abuse

I will stay away from this forum, I am not interested to be involved.
Let him talk good, bad or ugly on me.
I really do not bother anymore.

I am not talking about Jaks here ... I repeat.
I did not refer the below information related to Jaks.

Talking to someone who does not understand how stock market is operated is wasting my effort.
You can combine all the readers in I3, you cannot move a stock if the fundamental of the stock is not good.

The share price of a stock will move up north if the fundamental is good. There must be a strong growth in the stock.
All my subscribers are investors, we do not push up the share price.
Even we try to push up the share price, it will not work because we do not have fund to support the share price. Eventually the share price will fall again.

If the fundamental of the stock is good, many investors will buy the stock and the share price will go up automatically.
All my subscribers and me are all small fries only, no way we can push up the share price especially the paid up capital of the stock is very big.

Please leave me alone.
Thank you.

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 19:44 | Report Abuse

SEE_Resaearch,

what is your relationship with OTB ?

do you mind to share with me which of my comment about OTB is untrue ?

if there is no negative comment , then how OTB knows he is not perfect ?

who empower you the authority to pass the the judgement a comment is negative or positive ?

why my talk about OTB is considered negative but OTB vulgar remarks on me is acceptable ?

is it the problem with the way you express your view or the accuracy of your English ?
if this is the case , then read a few times to make sure the message you wish to convey is accurate before you called yourself a mediator

a gentle reminder .

do not used a generally true statement to cover a biased view at the beginning of your speech . thank you

SEE_Research

4,653 posts

Posted by SEE_Research > 2021-10-26 20:01 |

Post removed.Why?

Aseng

8,633 posts

Posted by Aseng > 2021-10-26 20:52 | Report Abuse

Which of my statement about otb is untrue?
Is it proper to label any true statement negative just because you disagree ?
How you know I am emotional.
How can you read my mind correctly when the way you talk also sound emotional to me .

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