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 5 hours ago

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-02 15:12 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 15:18 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 15:18 |

Post removed.Why?

joyvest

10,412 posts

Posted by joyvest > 2023-08-02 15:20 | Report Abuse

Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why it is declining . The market is extremely cautious in wake of SD

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 15:25 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-02 15:26 |

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joyvest

10,412 posts

Posted by joyvest > 2023-08-02 15:32 | Report Abuse

Nope, KL index has been improved to great extent . Irrespective of what the outcome of the state election to be , federal government is still intact. No effect on the market. Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why share price has been declining fast and furious . The market is extremely cautious in wake of SD

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-02 15:33 |

Post removed.Why?

joyvest

10,412 posts

Posted by joyvest > 2023-08-02 15:37 | Report Abuse

Red 2 days but green 5 days , overall, still green...

joyvest

10,412 posts

Posted by joyvest > 2023-08-02 15:37 | Report Abuse

Irrespective of what the outcome of the state election to be , federal government is still intact. No effect on the market. Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why share price has been declining fast and furious . The market is extremely cautious in wake of SD

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-02 15:41 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 15:45 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 15:51 |

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cicakman

7,304 posts

Posted by cicakman > 2023-08-02 16:01 | Report Abuse

Joy Buduhhhh🤣🤣🤣

StingRay

6,868 posts

Posted by StingRay > 2023-08-02 16:04 | Report Abuse

Aiyooo Ular. Why bother with him lah. The more he slander and bark at me, the more profit I get. Let him be. And forget rubbish like Jaks. Better to look and decide the counter I gave you this morning. ,🤣🤣🤣

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-02 16:04 |

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UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-02 16:07 |

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StingRay

6,868 posts

Posted by StingRay > 2023-08-02 16:09 | Report Abuse

Already given you mah. 🤣

StingRay

6,868 posts

Posted by StingRay > 2023-08-02 16:09 | Report Abuse

No need wait years and years loh. 🤣

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-02 16:14 |

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StingRay

6,868 posts

Posted by StingRay > 2023-08-02 16:17 | Report Abuse

🤣🤣🤣

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 16:33 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 16:37 |

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i3lurker

13,932 posts

Posted by i3lurker > 2023-08-02 19:05 | Report Abuse

its 18.5?
15 is just 6 feet away ... underground

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 19:12 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 19:15 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 19:24 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 19:29 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-02 20:45 |

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SomaCruz89

305 posts

Posted by SomaCruz89 > 2023-08-02 22:59 |

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joyvest

10,412 posts

Posted by joyvest > 2023-08-02 23:24 | Report Abuse

Judging from the forward PE,t he upcoming QR is expected to be worse than that of previous QR .It is expected to be a penny stock faster than you and me could imagine.

joyvest

10,412 posts

Posted by joyvest > 2023-08-02 23:26 | Report Abuse

0.185 is not the cheapest. The
Cheapest has yet to come

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-02 23:28 |

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joyvest

10,412 posts

Posted by joyvest > 2023-08-02 23:54 | Report Abuse

Guess how long would it take to drop to 0.185 from 0.22?

joyvest

10,412 posts

Posted by joyvest > 2023-08-02 23:58 | Report Abuse

Chartists say it has entered into bearish trend from now....

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 00:04 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 00:05 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 00:06 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 00:12 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 00:16 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 00:17 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 00:26 |

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Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 00:58 | Report Abuse

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 



>> illustration: 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 .


Maturity 2025-11-18



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 


Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 01:01 | Report Abuse

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.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 01:11 | Report Abuse

JAKS have done many times of private placement throughout the years, please brief us on the projects in Vietnam and other projects. How do these projects demonstrate a healthy cash flow

considering the
The investment in Hai Duong BOT thermal power plant was successfully completed in January 2021. Since then, it has proven to be a rewarding venture for the Group. i.e. the dividend received amounted to RM70.1 million in 2022. We expect Hai Duong power plant to continue to provide a steady income stream to the Group throughout its’ 25-year

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 01:14 | Report Abuse

Please explain how the RM70 million dividend received from JHDP was utilised?

As per the Annual Report, the dividends received from JHDP in year 2022 were mainly utilised for working capital and debt servicing.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 01:16 | Report Abuse

Is the Company facing issues on collections given the high receivables recorded on the Company’s balance sheet? What are the mitigating actions in place to tackle this issue?
The receivables consist of contract and retention sums for construction projects, including the USD454m Engineering, Procurement and Construction (“EPC”) 2 Vietnam Contract. We do not foresee any problems with the collection when it is fully completed.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-03 01:21 | Report Abuse

Jaks


A ) Referred to FY21 Annual Report :


The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .



B ) Referred to FY22 Annual Report :


The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.



C ) Referred to 1st QR ended March 2023 :

Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.


( Note : from Key Matters Discussed, the reduced Share of Profit is due to increased interest expenses .

joyvest

10,412 posts

Posted by joyvest > 2023-08-03 06:32 | Report Abuse

According to Chartists , it has shown bearish trend from now....

joyvest

10,412 posts

Posted by joyvest > 2023-08-03 06:56 | Report Abuse

Investors are very cautious to trade/ invest in this counter in the wake of the recent sensational case of SERBADK Dynamics (SD) where funds raised were channelled to fund " fake oversea projects"

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