Posted by Striker90 > 2023-05-29 23:25 | Report Abuse

why are you here if you not supporting lol, talk cock

Posted by Striker90 > 2023-05-29 23:25 | Report Abuse

if decided to sell aldy just go away bro

Posted by RISK8888 > 2023-05-30 00:27 | Report Abuse

Don’t scold me boss. Let pray ada orang goreng esok.

Posted by SarifahSelinder > 2023-05-30 07:36 | Report Abuse

MID TEEN IRR

Posted by SarifahSelinder > 2023-05-30 07:37 | Report Abuse

MID TEEN IRR

MID TEEN IRR is so incomplete

Posted by SarifahSelinder > 2023-05-30 07:39 | Report Abuse

MID TEEN IRR

MID TEEN IRR is so incomplete

MID TEEN IRR is so incomplete so kinda misleading

Posted by SarifahSelinder > 2023-05-30 07:42 | Report Abuse

Mcm GUARANTEED

Posted by SarifahSelinder > 2023-05-30 07:44 | Report Abuse

Mcm GUARANTEED MID TEEN IRR

Posted by SarifahSelinder > 2023-05-30 07:47 | Report Abuse

Tapi bukan mcm tu

Posted by SarifahSelinder > 2023-05-30 07:50 | Report Abuse

Patut MID TEEN IRR SUBJECTS TO FLOATING INTEREST %

Posted by SarifahSelinder > 2023-05-30 07:54 | Report Abuse

Klau macam ni IPP kat Vietnam capital intensive IPP kat Vietnam bukan risk free

Posted by SarifahSelinder > 2023-05-30 08:01 | Report Abuse

A c 15% hit by higher interest %?

Posted by VincentTang > 2023-05-30 09:09 | Report Abuse

Bought Jaks at 0.19

Posted by curiousq > 2023-05-30 09:15 |

Post removed.Why?

Posted by VincentTang > 2023-05-30 09:26 | Report Abuse

Strong support at 0.185

Posted by ValueInvestor888 > 2023-05-30 10:04 | Report Abuse

cannot even make 1 sen eps. ALP fat salary and incentive and LSS4 has made number of shares issued ballooned to over 2 billion. How much LSS4 profit can be? RM 10 million per year with capital of RM 200 million ?

Posted by SarifahSelinder > 2023-05-30 10:11 | Report Abuse

LSS4 IRR subjects to floating interest %?

Posted by SarifahSelinder > 2023-05-30 10:12 | Report Abuse

Favourable USD exchange rate effect kat mana?

Posted by Sslee > 2023-05-30 11:28 | Report Abuse

The lower profit was mainly due to lower share of profit in the Vietnam joint venture of RM28.3 million as compared to RM33.9 million recorded in the first quarter of the preceding year as
the joint venture had incurred higher interest expenses, in view of rising interest rates.

Quarter ended March 2023
RM'000
Other Operating, Administrative Expenses: (14,875)
Finance cost: (5,723)

With local business continues bleeding. Aseng can kiss goodbye to his TP.

Posted by RISK8888 > 2023-05-30 12:30 | Report Abuse

true, but it depends on jaks coming plan. If jaks drop construction and sell mall + commercial building. The valuation will change.

Posted by hng33 > 2023-05-30 13:35 | Report Abuse

At least local loss making construction work have reach tail end, by just eliminate these loss making business will boost up jaks profit forward. Additional profit from 50MW solar power by next month will also contribute higher profit to jaks forward.

Posted by hng33 > 2023-05-30 14:10 | Report Abuse

After 2 year Vietnam power operation, Jaks investment in 30% stake in JV have increase from RM 610m to RM 820m, mainly due to 2 year of share of profit about RM 280m (2021: RM 135m and 2022: RM 146m). Jaks have opt to receive first dividend payout RM 71m from share profit last year, therefore, the balance share of profit retain in JV investment is about RM 190m.

Jaks have another 1 year due to opt to subscribe additional 10% to up its share of profit from 30% to 40%. The cost to increase 10% is RM 200m. Therefore, Jaks no need to raise additional cash to subcribe these 10% portion as jaks retain profit in JV about RM 190m is sufficient enough to self feed its top up 10% equity, boots up its share to 40% now.

Posted by value_invest > 2023-05-30 14:27 | Report Abuse

The IPP is now Paper profit without solid cash dividend. Looking at the local biz, company still need some time to stop the bleeding, especially Mall & the property div, Empty mall and keep burning cash flow of RM10 to 20 mil per Q, the high admin and interest expenses don't seem to stop so fast. With current PP of RM24 mil which can last for another Qs. From the past years, the company is living on fresh cash, PP, borrowing and RI. Wondering how much the 50 MW cash flow can help the company to subsidy the local loses and high admin cost. Expexting another PP or RI in the near future? or waiting the IPP to declare more div coming year end...?

Posted by hng33 > 2023-05-30 14:37 | Report Abuse

IPP is NOT paper profit, but is real profit as shown by Jaks last Q4 2022 result which indicate RM 71m dividend payout from JV power plant. Bear in mind, RM 71m payout is 25% retain profit payout after 2 year operation. The balance cash profit in JV still have about RM 190m, which is sufficient to capitalize for additional 10% equity funding which require RM 200m to subcribe

Posted by hng33 > 2023-05-30 14:40 | Report Abuse

Please do some home work by calculating Jaks JV assest since COD 2 year ago, which show the JV assest have increase from RM 610m to current latest RM 829m after nett off RM 71m dividend payout

Posted by ValueInvestor888 > 2023-05-30 15:18 | Report Abuse

i think YTL Power is far better bet than Jaks.

YTL Power Current Quarter EPS 6.71 sen Dividend : 2.5sen Current Price RM 1.30.

Posted by Sslee > 2023-05-30 15:27 | Report Abuse

So moving forward more tender jobs and more losses.

Moving forward, the construction segment will focus onto the completion of outstanding orderbook of c.RM200.0m. We gather that the tenderbook remains healthy at RM2.00bn, mainly for hospital-related and water-related infrastructure jobs in relation to flood mitigation projects. We have imputed an orderbook replenishment assumption of RM50.0m for FY23f

Posted by ValueInvestor888 > 2023-05-30 15:34 | Report Abuse

@hng33, the JV is jointly owned by Jaks and CPECC where Jaks only owned effective interest of 30%. How to use the cash to buy additional 10%?

Posted by hng33 > 2023-05-30 15:43 | Report Abuse

Why cannot??? every quarter jaks record share of profit from JV and these profit is accumulating under its JV assest. Since COD, jaks JV asset already increase by more than RM 200m from RM 610m to RM 830m which is correspond to jaks share of profit in 2021 RM 135m and 2022 ( RM 145m), nett of dividend payout RM 71m back to Malaysia.

The reason Jaks cannot opt to cash out all its retain profit from JV is to working to subcribe additional its 10% equity stake in JV.

Vietnam power plant is operating positive cash flow, in which is aim to declare maximum all profit to JV. Jaks is free to cash out from its profit in JV anytime if wan after meet minimum reserve cash buffer in JV.

Posted by hng33 > 2023-05-30 15:58 | Report Abuse

Please take note, Jaks JV asset account for its own 30% equity stake, exclude its china partner asset in JV

Posted by hng33 > 2023-05-30 16:03 | Report Abuse

Under Jaks JV assest, RM 610m back by its 30% equity stake in power plant assets in JV, another RM 220m in JV is jaks retain profit accumulating more than 2 year operation. Therefore, Jaks can use its retain profit to subscribe its option to top up additional 10% equity stake now.

Posted by hng33 > 2023-05-30 16:04 | Report Abuse

however, jaks may need another quarter or 2 to accumulate more profit in JV if JV require some reserve buffer cash in JV.

Posted by OTB > 2023-05-30 16:14 | Report Abuse

I do not have any share in Jaks.
I believe I know the information correctly.
It is true that Jaks can use the interest to buy up another 10% of the power plant.
This information is in the agreement.
Thank you.

Posted by ValueInvestor888 > 2023-05-30 16:25 | Report Abuse

Thank you OTB and Hng33 for the information.

Posted by hng33 > 2023-05-30 16:29 | Report Abuse

Recent private placement should raise fund RM 22m, at least meet 2 quarter cash flow needed. Next month when 50MW reach COD, should give some positive cash flow to jaks. Within next 2 quarter, jaks should meet milestone to increase stake to 40% after put aside some reserve cash in JV.

Thereafter, jaks should start record positive cash flow onward through quarterly cash dividend declaration.

Posted by Sslee > 2023-05-30 16:33 | Report Abuse

SHAREHOLDERS’ QUESTIONS
EXTRAORDINARY GENERAL MEETING OF THE COMPANY
Date : 3 March 2023, Friday
Time : 3:00pm
Location : Tricor Leadership Room, Unit 32-01, Level 32, Tower A, Vertical Business Suite,
Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia
No. Queries Responses

1 Has JAKS received dividend from its’ joint venture entity, JAKS Hai Duong Power Co
Limited (“JHDP”)?
A total of RM70.12 million of dividend has been remitted to JAKS for year 2022.
Please refer to the cashflow statement in our quarterly result for 31 December 2022.

2 What is the status of the subscription of additional 10% stake in JHDP?
We are in the process of negotiating with financial institutions on the 10% option subscription JHDP. Any decisions made in regards to the exercise will take into account the interest rate climate and financing terms which are favourable to us. Any material updates on the matter will be announced.

Posted by hng33 > 2023-05-30 16:33 | Report Abuse

Hope for betterment forward as further downside is limited now

Posted by Sslee > 2023-05-30 16:35 | Report Abuse

http://www.insage.com.my/ir/cmn/trps03/Agm_Egm.aspx?Symbol=4723

Posted by ValueInvestor888 > 2023-05-30 16:38 | Report Abuse

How much 50MW solar profit per year for jaks? My estimate is only RM 12m-15m per year, the most. Given jaks poor mgt, it could be lesser

Posted by hng33 > 2023-05-30 16:38 | Report Abuse

Jaks still have about 6 to 9 month meet dateline to subscribe 10% additional stake. If JV need higher reserve cash as buffer in power plant, then, jaks cannot use all its retain profit in JV to use for subscription for 10% stake now.

However, any short fall of RM 200m is rather limited due to strong cash flow in JV every quarter. A fraction or even half of requirement fund to subcribe equity can easily source from short term banking bridge loan

Posted by hng33 > 2023-05-30 16:42 | Report Abuse

Local solar power plant profit margin is very thin, single digit only, but still far better than loss making mall.

Posted by hng33 > 2023-05-30 16:48 | Report Abuse

Noted, hope can secure more solar power plant in future, thin profit margin but steady income over 21 year concession.

Posted by soon9913 > 2023-05-30 17:14 | Report Abuse

value, i think it is about RM1.5mil to RM2mil profit per quarterly only.

Posted by soon9913 > 2023-05-30 17:15 | Report Abuse

but how can their local biz make so much loss one ? something not right with the management. can loss rm80mil per year due to mismanagement

Posted by soon9913 > 2023-05-30 17:15 | Report Abuse

hng33, the boss ady mentioned it is single digit profit ady.

Posted by soon9913 > 2023-05-30 17:17 | Report Abuse

my guess is the solar plant can max generate profit rm8m-rm10m per year

Posted by soon9913 > 2023-05-30 17:18 | Report Abuse

this boss know telling story only, delivery is bad one... talk talk let u happy only.

Posted by soon9913 > 2023-05-30 17:18 | Report Abuse

dont you see their cash is in negative ? im holding this counter long time ady.

Posted by soon9913 > 2023-05-30 17:18 | Report Abuse

their cash can tiba tiba hilang one

Posted by RISK8888 > 2023-05-30 17:19 | Report Abuse

Wa OTB pun keluar shouting. This round sure limit up!