Posted by soon9913 > 2023-05-30 21:08 | Report Abuse

using most if their cash to purchase equipment but never explain why

Posted by VincentTang > 2023-05-31 09:22 | Report Abuse

Top up Jaks at 0.19. The worst is over for Jaks.

Posted by m16454 > 2023-05-31 09:48 | Report Abuse

Believe me it will drop below 0.180

Posted by curiousq > 2023-05-31 10:09 | Report Abuse

one of the group members said, he will jump if margin call .... he all-in by using margin account, he said ALP disappointed him horribly

Posted by soon9913 > 2023-05-31 11:39 | Report Abuse

did you see how many free stock he got or not from company to leverage his margin?

Posted by soon9913 > 2023-05-31 11:40 | Report Abuse

dont think got margin call issue also unless drop below 0.15

Posted by RISK8888 > 2023-05-31 11:56 | Report Abuse

So serious!

Posted by soon9913 > 2023-05-31 14:02 | Report Abuse

risk, can topup at this price or not?

Posted by GoldenShares > 2023-05-31 14:24 | Report Abuse

no sign of trend reversal, don't catch falling knife !

Posted by RISK8888 > 2023-05-31 15:02 | Report Abuse

Tech chart tak boleh pakai for jaks.

Posted by RISK8888 > 2023-05-31 15:03 | Report Abuse

Buy slowly, keep for 2 years, sure win.

Posted by soon9913 > 2023-05-31 15:10 | Report Abuse

buy this counter have to pray very hard everyday .. hopefully they will use the JV fund to buy the additional 10% stake of the Vietnam power plant.. hopefully LSS4 deliver soon.... Hopefully Star would lose the court case.... hopefully their malls biz get more new tenants, hopefully their huge loss making construction company can close down and retrench all staff, then jaks can turnaround to be pure utility company ....and profitable

Posted by soon9913 > 2023-05-31 15:11 | Report Abuse

risk, anything to add on?

Posted by RISK8888 > 2023-05-31 15:48 | Report Abuse

Pray for good luck to all of us.

Posted by SinGor > 2023-05-31 16:18 | Report Abuse

soon9913
buy this counter have to pray very hard everyday .. hopefully they will use the JV fund to buy the additional 10%
_____________________________
Sunday Church is Not "long" enough for you---so many requests.
Usually i go to "Latok Gung" for advise ( throw a few stones backwards and hope to hit Good fortune )

Posted by soon9913 > 2023-05-31 16:22 | Report Abuse

come join the boat baru visit datukgong

Posted by ValueInvestor888 > 2023-05-31 18:59 | Report Abuse

It is better to forget adding jaks until more certainty even price at current historical low. It is not a good time to sell at current low price for those who already bought the shares.

Jaks fail to deliver good profit and cannot even make 1 sen EPS till now due to high number of shares issued. It needs to subscribe 10% Vietnam Power plant to cover RM 50m local operating expenditure per year, some of which is ALP and poor mgt team fat remuneration, interest, impairment etc

Posted by curiousq > 2023-06-01 09:04 | Report Abuse

OMG!! how people could think the group member is ALP?

Posted by VincentTang > 2023-06-01 09:53 | Report Abuse

Top up Jaks at 0.185

Posted by GoldenShares > 2023-06-01 10:37 | Report Abuse

don't catch falling knife, : )

Posted by soon9913 > 2023-06-01 11:02 | Report Abuse

no eye see. anyone attending the AGM?

Posted by m16454 > 2023-06-01 12:46 | Report Abuse

told you all that it keeps dropping. those who wanna top up is really funny or too rich like ALP no place to spend money lol

Posted by RISK8888 > 2023-06-01 13:38 | Report Abuse

Why not we guess how low can it go? 0.18, 0.17, 0.16 or 0.10?

Posted by Striker90 > 2023-06-01 13:54 | Report Abuse

I Love KYY

Posted by ValueInvestor888 > 2023-06-01 15:14 | Report Abuse

Those friendly parties to ALP who bought pp at 18.5 sen will be felt cheated if price lower than 18.5sen. How many times they can do PP, i wander...

Posted by ValueInvestor888 > 2023-06-01 15:21 | Report Abuse

Jaks will need to show they can delivery good profit and EPS, otherwise they cannot lure investors to invest. Investors looking at ALP new projects or ventures will be scared to death. LSS4 project secured at noncompetitive rate will be a failed project in view of so many times of PP if they can deliver less than RM 10m profit per year as it cannot even cover jaks operating expenses 1 quarter...

Posted by soon9913 > 2023-06-01 17:22 | Report Abuse

Please let the price drop below 0.1 .. let the margin call chase the boss who is not doing good job

Posted by m16454 > 2023-06-01 18:11 | Report Abuse

actually the PP is was subscribed by ALP himself but under different account. He can sell higher price and get cheaper tickets always...

Posted by TCH1186 > 2023-06-01 21:19 | Report Abuse

last time got statement like this: my friend say... my granpa say.. my auntie say... and all start to buy at.21... ggwp

Posted by Mikecyc > 2023-06-01 21:27 |

Post removed.Why?

Posted by soon9913 > 2023-06-01 22:21 | Report Abuse

lets group together boycott this stock..

Posted by soon9913 > 2023-06-01 22:21 | Report Abuse

lets sell all our stake tmr to push down the price..... ensure he get margin callll

Posted by i3lurker > 2023-06-01 23:53 | Report Abuse

good joke
:)

Posted by Sslee > 2023-06-02 07:47 | Report Abuse

What margin call? He can just issue LTIP free grant Jaks share to himself.

Posted by Sslee > 2023-06-02 07:49 | Report Abuse

Remember who/whose was/were the one/many push down the price so that KYY get margin call

Posted by Striker90 > 2023-06-02 08:23 | Report Abuse

Good, many are watching

Posted by ValueInvestor888 > 2023-06-02 10:02 | Report Abuse

ALP so thick skin what to do? share price not performing( at historical low) due to local business losses and high operating expenditure + endless impairment and PP still got face to get over RM 10m remuneration

Sslee
What margin call? He can just issue LTIP free grant Jaks share to himself.

Posted by i3lurker > 2023-06-02 10:03 | Report Abuse

yeah when its LTIP free
selling at RM0.005 is already 100% profits

Posted by hng33 > 2023-06-02 10:38 | Report Abuse

Just wait for COD announcement on 50MW solar power plant anytime now.

Posted by m16454 > 2023-06-02 10:50 | Report Abuse

i3lurker yes u are correct. he still have profit on paper thru PP and LTIP, somemore the dividend is coming lol

Posted by hng33 > 2023-06-02 10:55 | Report Abuse

Construction loss incur due to delay in work progress and higher cost material and labour cost. However, loss making construction work is at tailing end.

Posted by Striker90 > 2023-06-02 10:57 | Report Abuse

sell off all lose making the it's a multi million profit fixed company. YTL Power in making

Posted by Striker90 > 2023-06-02 10:57 | Report Abuse

announce sell off lose making will fly aldy, KYY will buy 10% go back RM 1.4

Posted by Striker90 > 2023-06-02 10:58 | Report Abuse

build nicer financial profile , then only go bid other energy work

Posted by hng33 > 2023-06-02 11:01 | Report Abuse

Any new Constuction bidding will only focus on high margin and include current elevated inflation cost. But, unlikely for jaks to secure any new construction work now due to lack of gov and private spending.

It is wise for Jaks to focus on power generation, to secure more solar power even at net single digit profit margin, the more the better due to steady income over long term concession

Posted by Sslee > 2023-06-02 12:24 | Report Abuse

Jaks already sold its loss-making property development arm, Jaks Island Circle (JIC) for RM1 only, we still view the deal positively as it will push Jaks back to profitability while easing some of its cash-flow problems. The acquirer will assume all the liabilities related to JIC, while taking control over the Pacific Star project (Office and Residential). Jaks which has a 51% stake in JIC will record a disposal gain of around RM71.9m. The acquirer, Island Circle Development (ICD) owns the remaining 49% stake in JIC.

In the end all intercompanies loans to JIC was impaired. So the RM71.9m gain is just a syoik sendiri figure.

Two more loss making 51% subsidiaries
MNH Global Assets Management Sdn. Bhd. (“MNH”) Malaysia
Fortress Pavilion Sdn. Bhd. (“FP”)
When will sell to ICD for RM 1 and record a disposal gain of RM million again?


Summarised statements of financial position as at 31 December 2022:
FP MNH Total
RM RM RM

Non-current assets: 230,013,775: 332,332,266: 562,346,041
Current assets: 4,581,618: 17,641,667: 22,223,285
Total assets 234,595,393: 349,973,933: 584,569,326

Current liabilities :205,013,392: 203,849,675: 408,863,067
Non-current liabilities: 76,300,000: 216,418,493: 292,718,493
Total liabilities :281,313,392 : 420,268,168 : 701,581,560

Total equity :(46,717,999): (70,294,235) : (117,012,234)

Attributable to:
Non-controlling interest :(22,891,820) :(34,444,175): (57,335,995)
Other individually immaterial
non-controlling interest: 768,866
Total non-controlling interest :(56,567,129)

Posted by Striker90 > 2023-06-02 13:52 | Report Abuse

Summary

Jaks Resources Bhd’s (JAKS) 1QFY23 core net profit fell 33.4% YoY to RM14.1m, dragged down by lower contribution from Vietnam due to higher interest expenses arising from the rising interest rates. Revenue for the quarter contracted 20.7% YoY to RM14.2m.
The weaker-than-expected core net profit, accounts to 14.6% of our forecasted core net profit of RM96.2m. The variance was mainly due to the weaker-than-expected contribution from Vietnam. Still, we reckon that earnings sustainability from Vietnam may continue to cushion the weakness in the local operations.
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.
On the property investment segment, efforts to ramp up occupancy rates in both Pacific Towers and Evolve Concept Mall remain in place. The building management of Evolve Concept Mall was replaced in April 2023 in bid to rejuvenate the current dire situation. Still, we reckon that turnaround efforts may be challenging, owing to the oversupply of commercial floor space.
Elsewhere, the LSS4 project was completed (6 months ahead of scheduled commercial operation date) and aims to commence the commercial operations sometime in mid-June 2023. The group will continue to explore greenfield projects and acquisitions within the renewable energy sector in both Malaysia and Vietnam. With the completion of LSS4, JAKS will be eyeing a slice of 600MW of Corporate Green Power Programme (CGPP) programme from Malaysia’s Energy Commission.
JAKS is undertaking a private placement exercise and proceeds will be utilised to repay existing debts and fund working capital. We reckon that the move is essential, given that the group is operating in a negative net cash flow position over the past 8 quarters.
Valuation

Posted by hng33 > 2023-06-02 13:54 | Report Abuse

better sold all its 51% stake in investment properties, evolve mall and star mall. Incur one off loss is far better than continue quarterly loss making.

Posted by i3lurker > 2023-06-02 13:55 | Report Abuse

sslee
///When will sell to ICD for RM 1 and record a disposal gain of RM million again?///
you sound hostile
I did not realise you hate ALP so much

go have a Kit Kat

Posted by Striker90 > 2023-06-02 15:09 | Report Abuse

it doesn't matter one off loss, most important got ppl want to buy or take over. once news release immediately fly