JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.15

Today's Change

-0.005 (3.23%)

Day's Change

0.145 - 0.155

Trading Volume

28,864,500


39 people like this.

62,986 comment(s). Last comment by Mikecyc 18 minutes ago

Just88

435 posts

Posted by Just88 > 2023-06-29 12:29 | Report Abuse

sslee, management has confirmed 10 yrs tenure for its jhdp loan.

Sslee

4,199 posts

Posted by Sslee > 2023-06-29 12:32 | Report Abuse

So you just take management words as fact without checking the real figure in the financial account?

Just88

435 posts

Posted by Just88 > 2023-06-29 13:12 | Report Abuse

The 10 years loan tenure was first noticed by DK and later confirmed by the management.

Sslee

4,199 posts

Posted by Sslee > 2023-06-29 15:49 | Report Abuse

Then why in 2022 financial report on JV JPP Group?
2022 2021
RM RM
Non-current financial liabilities (excluding trade and other payables
and provisions) (4,401,923,432) (4,720,926,257)

Sslee

4,199 posts

Posted by Sslee > 2023-06-29 16:53 | Report Abuse

2022 2021
RM RM
Revenue 2,553,073,558 3,011,637,528
Other current assets 760,743,244 650,115,103
Other current liabilities (740,728,872) (1,380,386,041)

So other current assets is mostly trade receivables
Other current liabilities are trade and other payable.

From revenue and trade receivables you should able to work out how many months it take for EVN to pay JHDP.

speakup

24,522 posts

Posted by speakup > 2023-06-29 17:43 | Report Abuse

What is EVN?

Sslee

4,199 posts

Posted by Sslee > 2023-06-29 17:54 | Report Abuse

Vietnam Electricity (full name: Vietnam Electricity Group, abbreviated name: EVN, Vietnamese: Tập đoàn Điện lực Việt Nam) is the largest power company in Vietnam. Vietnam Electricity (EVN) was established by the government of Vietnam as a state-owned company in 1994, and has operated officially as a one-member limited liability company since 2010.

speakup

24,522 posts

Posted by speakup > 2023-06-29 21:21 | Report Abuse

TQ sifu Sslee

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-06-29 23:06 |

Post removed.Why?

soon9913

2,406 posts

Posted by soon9913 > 2023-07-02 02:21 | Report Abuse

sslee, it looks fine for the credit term 90 days

Sslee

4,199 posts

Posted by Sslee > 2023-07-02 10:10 | Report Abuse

Yes,
credit term 90 days for JHDP is normal what is unnormal are trade receivables and other receivables in JAKS Balance Sheet which needed yearly impairment loss in trade and other receivables.

soon9913

2,406 posts

Posted by soon9913 > 2023-07-02 19:57 | Report Abuse

did anyone ask about the impairment on receivable?

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-03 08:33 |

Post removed.Why?

Sslee

4,199 posts

Posted by Sslee > 2023-07-03 11:53 | Report Abuse

Pity someone do not know what does it mean or different between?
Impairment loss on trade and other receivables and
Impairment loss on non current assets

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-03 12:20 |

Post removed.Why?

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-03 12:22 | Report Abuse

Hoho even pitiful as someone cannot Balik Kampung during many festivals Holidays , hahahaha.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-03 12:38 | Report Abuse

Hoho what is the Project value of Armada Kraken and Project value of Jaks Hai Duong BOT Thermal Power Plant.

Posted by Lee Ying Yee > 2023-07-03 17:40 | Report Abuse

pp ,billion air ??

Sslee

4,199 posts

Posted by Sslee > 2023-07-04 08:25 | Report Abuse

GUH Holdings Bhd said its subsidiary has reached an out-of-court settlement with a unit of JAKS Resources Bhd and a construction firm, over its payment claim for work undertaken as a sub-contractor. GUH’s subsidiary Teknoserv Engineering Sdn Bhd had sued JAKS Sdn Bhd and KACC Construction Sdn Bhd (JAKS-KACC JV) following the termination of the sub-contract to construct a new network pumping station and demolition of existing sewerage treatment plants at Jinjang-Kepong, Kuala Lumpur. GUH said Teknoserv and JAKS-KACC JV have now agreed to settle amicably, all claims and disputes. Under the settlement, JAKS-KACC JV is to pay Teknoserv RM9.07 million via seven instalments.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-04 08:32 | Report Abuse

We refer to the previous announcements and the circular to shareholders dated 10 February 2023 in relation to the Private Placement (“Circular”). Unless otherwise defined, the definitions set out in the Circular shall apply herein.



On behalf of the Board, UOBKH wishes to announce that an application has been submitted to Bursa Securities on 3 July 2023 to seek for its approval for an extension of time of up to 29 January 2024 for the Company to complete the implementation of the Private Placement (“Extension of Time Application”). The Extension of Time Application is sought pursuant to Paragraph 6.63 of the Listing Requirements.



This announcement is dated 3 July 2023.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-04 08:34 | Report Abuse

Referred to FY23 , QR ended March 2023 :


a) Financial assets


Trade n other receivables 337,839,000


Cash and bank balances 24,102,000

Deposits placed with Banks. 41,630,000


total = 403,571,000


b) Financial liabilities


Loans and borrowings 511,117,000


Trade and other payables 477,080,000


Lease liabilities —


total = 988,197,000



a) - b ) = ( 584,626,000 )


—-



Share Capital : 1,074,143,000

Reserves . : 26,200,000


Accumulated Profit : 324,951,000 ( Audited as on December 2022 is RM 310,874 ,000 )


Non controlling interests : ( 61,658,000 )


Total equity : RM 1,363,636,000





Gearing Ratio : 37.5 %

Financial Cost : ( RM 5,723,000 ) / quarter

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-04 08:42 | Report Abuse

Hoho hope the Financial Cost rate is not increasing :

illustration:

(5,723,000 ) X 4 / 511,117,000 = 4.48 %

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-05 06:01 | Report Abuse

Hoho not bad le , completed during Pandemic period:

Construction of Hai Duong BOT Thermal Power Plant has commenced in the first half of 2016. Hai Duong BOT Thermal Power Plant achieved the commercial operation for its first unit on November 2020, while the commercial operation for the second unit was achieved in January 2021.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-05 06:11 |

Post removed.Why?

soon9913

2,406 posts

Posted by soon9913 > 2023-07-05 11:19 | Report Abuse

so far no official news about the LSS4 also?

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-05 14:46 | Report Abuse

LSS4 projects to get four-year PPA extension

By Adam Aziz / theedgemarkets.com
02 Aug 2022, 08:30 am
Updated - 01:35 pm


KUALA LUMPUR (Aug 2): Bidders of Malaysia’s fourth round of large scale solar awards (LSS4) will have their power purchase agreements (PPAs) extended by four years to 25 years, from 21 previously, according to sources.


This appears to be a concession the Energy Commission (EC) is making in consideration of how the viability of certain projects have been affected, following a 30%-50% jump in solar panel prices — compared to when they submitted their bids in 2020.


A number of project owners have also requested for the EC to review the electricity bid prices, considering the challenging environment, but this has been rejected by the regulator.


Nevertheless, the PPA extension, which could be finalised by the EC as early as this week, would provide a relief to companies whose internal rate of return (IRR) could now return to the high single-digit percentage forecasted in the bids they submitted before the price shock.



LSS4, which will have a total quota of 823.06 megawatt (MW), saw intense competition during the bidding stage, which contributed to some companies putting in aggressive bids that incorporated a declining trend in solar panel prices — which suddenly reversed course during the pandemic.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-05 14:52 | Report Abuse

Hoho LSS4 Solar Project Total Value RM 4.0 Billion , oredi awarded ard 1/3 to ard 10 Local Companies even is not involved in Solar industry , as Gov breakdown to Smaller Tender to facilitate Smaller Local Companies involved in Solar Energy, compared previously awarded to Foreign Mega Corporation.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-05 16:31 |

Post removed.Why?

soon9913

2,406 posts

Posted by soon9913 > 2023-07-05 17:12 | Report Abuse

johcnchew, dont spam msg here la.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-05 18:46 | Report Abuse

Hoho why worries, Public forum sure will have Positive n Negative Views , just post yr Facts n Figures to support yr pick .

soon9913

2,406 posts

Posted by soon9913 > 2023-07-06 09:19 | Report Abuse

not worries la, but u keep sharing old info and non-sense only

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-06 10:28 | Report Abuse

Hoho did you share facts n figures n relative news even old news ?

soon9913
soon9913 | Joined since 2011-12-14

m16454

202 posts

Posted by m16454 > 2023-07-06 13:43 | Report Abuse

this share going to gg. should be able to get below 0.16

bingoman

254 posts

Posted by bingoman > 2023-07-06 14:08 | Report Abuse

last month come here 18 sen, today come here still 18 sen. good or bad sign?

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-06 14:47 |

Post removed.Why?

soon9913

2,406 posts

Posted by soon9913 > 2023-07-06 21:41 | Report Abuse

share awards to directors 47mil unitss

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-07 09:08 | Report Abuse

JAKS offers shares under long-term incentive plan to directors, employees
By Priyatharisiny Vasu / theedgemarkets.com


14 Sep 2022, 10:25 pm


KUALA LUMPUR (Sept 14): JAKS Resources Bhd has offered share options under its long-term incentive plan (LTIP) to eligible directors and employees of the group and its subsidiaries.

In a filing with Bursa Malaysia, JAKS said the 57 million LTIP shares are offered at an exercise price of 23.7 sen per share.

Of these, 30 million shares are offered to directors, comprising 17 million to chief executive officer and managing director Ang Lam Poah, eight million to executive director Datuk Razali Merican Naina Merican, and five million to executive director Ang Lam Aik.


Another 13 million shares are offered to the group's senior management, and two million to other selected employees and executives.
JAKS' share price closed flat at 26 sen on Wednesday (Sept 14), valuing the group at RM521.17 million.


Over the last one year, the counter has declined by 46%.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-07 09:12 | Report Abuse

JAKS RESOURCES BERHAD Registration No. 200201017985 (585648-T)
Award of LTIP Shares under the Restricted Share Plan (“RSP”) of JAKS Resources Berhad’s (“Company”) Long Term Incentive Plan (“LTIP”)
Table 1
No. Description of Award of LTIP Shares under the RSP
1. Date of Award of LTIP Shares : 6 July 2023
2. Number of LTIP Shares to the Selected Employees : 70,500,000 shares
Executive Director/Chief Executive Officer Senior Management
Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000
3. Closing market Price of the Company’s shares on the Date of Award
4. Grant Date
5. Vesting Date of up to the number of LTIP Shares granted*
This announcement is dated 6 July 2023.

curiousq

664 posts

Posted by curiousq > 2023-07-07 09:36 | Report Abuse

OMG!! still cannot, like a piese of ji pek

m16454

202 posts

Posted by m16454 > 2023-07-07 16:03 | Report Abuse

employee and shareholder sell at higher price and got lower cost tickets, thats why it keeps sliding down below 0.20.

Sslee

4,199 posts

Posted by Sslee > 2023-07-07 16:47 | Report Abuse

(i) Share Option Plan

means grantee are allowed to subscribe for new shares at the pre-determined price (based on 5 days VWAP with a discount of not more than 10%) during the tenure of LTIP.



(ii) Share Grant Plan (SGP)


The SGP is intended to allow the company to award such number of new shares without any cash consideration payable to the ED and Senior Management of the Group.

Sslee

4,199 posts

Posted by Sslee > 2023-07-07 16:49 | Report Abuse

Additional Listing Announcement /Subdivision of Shares
JAKS RESOURCES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued under this corporate proposal 70,500,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1800
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 2,289,834,607
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,110,701,554.000
Listing Date 10 Jul 2023

Sslee

4,199 posts

Posted by Sslee > 2023-07-07 16:52 | Report Abuse

soon9913 share awards to directors 47mil unitss
06/07/2023 9:41 PM

The SGP is intended to allow the company to award such number of new shares without any cash consideration payable to the ED and Senior Management of the Group.

Sslee

4,199 posts

Posted by Sslee > 2023-07-07 17:10 | Report Abuse

Table 1
No. Description of Award of LTIP Shares under the RSP
1. Date of Award of LTIP Shares : 6 July 2023
2. Number of LTIP Shares to the Selected Employees : 70,500,000 shares
Executive Director/Chief Executive Officer Senior Management
Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000

The SGP (Grant of LTIP) is awarded to the above without any cash consideration.

As of the achievement yardstick used to award the SGP (Grant of LTIP) to Executive Director/Chief Executive Officer Senior Management Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000
you need to ask LTIP award committees: Company already pay big cat salary and allowance and what Executive Director/Chief Executive Officer Senior Management Other Selected Employees/Executives had done/achieved that deserved all the shareholders to foot the bill for free Share Grant LTIP?

Posted by Lee Ying Yee > 2023-07-07 17:32 | Report Abuse

how to invite ? more n more esos pp etc ??/

Sslee

4,199 posts

Posted by Sslee > 2023-07-07 19:06 | Report Abuse

Jaks is not investible.
All investors money will go to LTIP free grant to fatten the pocket of BOD/Top management and trade/other receivables impairment to syphon money out of Jaks to relate, friendly party or private companies.

Felix888

3,340 posts

Posted by Felix888 > 2023-07-07 21:39 | Report Abuse

I3licker, Why not you `potong` first before the 6 states election. Or no need to `potong` because you have eraction problem?

Posted by i3lurker > 4 hours ago | Report Abuse

dun worry
I will Vote for PAS

thereafter I will propose to PAS Federal Gobermen that LTIP can only be awarded to local mosques/suraus.

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-07 23:53 | Report Abuse

Hoho no wander Liccker Lurker is following his Master liccking ard for a Bintang Beer , hahahaha..

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-07 23:57 | Report Abuse

Hoho here got so many Senior members whom hibernated that appeared , like the One asked on the LTIP ex price is own deleted the post , recalled is a Senior member since 2013 ..

Johnchew5

10,178 posts

Posted by Johnchew5 > 2023-07-08 00:49 | Report Abuse

Hoho looks like bottom fishing Shl be monitor until after PP extension of time of up to 29 January 2024 .


>>


The Proposed DRP will be tabled as a special business at the 21st Annual General Meeting (“AGM”) of JAKS, which will be held on a fully virtual basis at the broadcast venue at Manuka 2&3, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia on Tuesday, 27 June 2023 at 10.30 a.m.. The notice of the 21st AGM of the Company together with the Form of Proxy, Administrative Guide and this Circular are available online at the Company’s website at http


>> Focus on Maximum Scenario :

91,944,315 New Share on DRP on Assumptions:

1.) All the 171,488,288 outstanding Warrants B are EX .

2.) All the 525,564,900 outstanding Warrants C are EX .

3.) All the 141,474,619 outstanding LTIP Options are EX .

4.) All the 292,884,436 Private Placement are issued Prior to the implementation of the Proposed DRP .


This Circular is dated 28 April 2023

—-


On behalf of the Board, UOBKH wishes to announce that the Board has resolved to fix the issue price for the Private Placement at RM0.1850 per Placement Share.
 

The issue price of RM0.1850 represents a discount of RM0.0175 or approximately 8.64% to the 5-day VWAP of JAKS Shares up to and including 17 May 2023, being the market day immediately preceding the price-fixing date of RM0.2025 per JAKS Share.
 

This announcement is dated 18 May 2023.







On behalf of the Board, UOBKH wishes to announce that an application has been submitted to Bursa Securities on 3 July 2023 to seek for its approval for an extension of time of up to 29 January 2024 for the Company to complete the implementation of the Private Placement (“Extension of Time Application”). The Extension of Time Application is sought pursuant to Paragraph 6.63 of the Listing Requirements.

 
This announcement is dated 3 July 2023.

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