Posted by 88surewin88 > 2023-08-06 23:15 | Report Abuse

JV shiok sendiri.

Posted by i3lurker > 2023-08-06 23:59 | Report Abuse

dun be silly
Jaks can ask people like Satanic Accuser Johnny and Nasty Uncle DiuNiaSeng to sign Personal Guarantee for new Jaks loans. This is the ONLY solution.
no worries.



Posted by joyvest > 2 hours ago | Report Abuse

if CPECC decided to sell its stake in JHDP, Jaks will be forced to dispose its stake cos CPECC is expert in operation of plant but not Jaks..

Upon disposal,jaks 's financial performance would be affected.They would have reported losses in 2021 and 2022 if not due to the contributions from the plant.

Posted by joyvest > 2023-08-07 00:27 | Report Abuse

It is the fact that jaks would have reported losses in 2021 and 2022 if not due to the contributions from the plant in vietnam. It is believed that this trend would continue in 2023.

Posted by Johnchew5 > 2023-08-07 05:01 |

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Posted by Johnchew5 > 2023-08-07 05:15 |

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Posted by joyvest > 2023-08-07 06:54 | Report Abuse

Jaks NTA 0.68 .share price 0.19
Muhibah NTA 1.76 .share price 0.675

Why is the "higher ranked "Jaks outperformed by its " lower ranked " muhibah in terms of both NTA and share price under the same industry?

Posted by joyvest > 2023-08-07 06:59 | Report Abuse

Jaks NTA 0.68 .share price 0.19
Day3 NTA 0.08 .share price 0.48

Question directed at simpletonjohn who has been avoiding to answer.

Why is the share price of the small fly " day3" is higher than that of the "well- established "Jaks " given the fact that NTA of 0.08 of day3?

Posted by joyvest > 2023-08-07 07:02 | Report Abuse

Jaks NTA 0.68 .share price 0.19
Mudajya NTA 0.21 .share price 0.19

Why is the "higher ranked "Jaks worse than its lower ranked mudajya despite of the fact that jaks has better NTA under the same industry ?

Simpletonjohn cant answer and has been avoiding to answer

Posted by Johnchew5 > 2023-08-07 07:45 |

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Posted by i3lurker > 2023-08-07 08:21 | Report Abuse

Finally Satanic Accuser Johnny agrees Jaks will drop by another 7 sen becoz the global standard for coal power plants is PE6.

so when Jaks drops 7 sen => 12 sen share price

plus losses from property => 4 sen share price

Posted by Johnchew5 > 2023-08-07 08:43 |

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Posted by Just88 > 2023-08-07 08:54 | Report Abuse

The real danger comes from non stop PP and RI to raise funds to cover negative cash flows in the coming years.

Posted by Just88 > 2023-08-07 08:55 | Report Abuse

The short loan tenure of JHDP as well as the declining capacity payments of JHDP for the first 10 years are most likely to cause medium term liquidity problems for Jaks. The expected future dividend distributions from JPP are insufficient for repayment of RM500m local bank borrowings of which the majority matures within the next 4 years. Local businesses except the solar farm are unlikely to turn around from losses in the near future. Monetisation of malls may not be easy due to their dire conditions. The bulk of the borrowings were taken by the subsidiaries which house the investment properties including the malls, offices, car park and apartments. These subsidiaries are having negative equities which means their liabilities exceed their assets, thus refinancing of borrowings may prove difficult.

Therefore, Jaks is very likely to face negative cash flow in the foreseeable future until such time the dividend from JHDP increases substantially after its loan is fully repaid in Year 2030. Meantime, in order to address the cash deficiencies, equity fund raising exercises such as private placements and rights issues are convenient ways to raise funds but they are detrimental to the interest of the minority shareholders due to dilution in future earnings per share (EPS).

Discounted cash flow (DCF) remains the most appropriate valuation method for Jaks. Local bank borrowings should be included in the DCF model for a more accurate reflection of the future cash flow situation of Jaks.

The valuation stress test shows that, depending on the management’s choice to meet future cash requirements either through equity or refinancing or a combination of both, Jaks is conservatively valued between RM0.21 and RM0.31.

Jaks’ long-term valuation remains above its current market price. Its medium-term liquidity problems are a serious cause of concern. Existing shareholders should closely monitor its liquidity conditions and be prepared for future equity fund raising exercises. Perspective investors are wise to wait and see.

Posted by Johnchew5 > 2023-08-07 09:00 |

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Posted by joyvest > 2023-08-07 09:11 | Report Abuse

From your post below, you have acknowledged that CPECC is very experienced in management and operation of plant in vietnam. Without them, the plant is inopearational. If CPECC goes, Jaks has to go as Jaks is said not to be capable of managing the plant. Upon departure , Jaks would stand to lose the significant source of revenue derived from the plant, underpinning their financial performance for sure.

It is the fact that Jaks managed to turn the huge losses into profitability in 2021 and 2022 was mainly due to the contribution of the plant . Jaks would have made huge losses in 2021 and 2022 without the said contribution.
_______________________________________________________
Johnchew5

CPECC in Vietnam using Wireless Conference System
The Vietnam Haiyang coal-fired power plant project won by JAKS in 2011 finally started construction after 6 years . The total investment of the project reached 1.868.5 billion US dollars.

CPECC is responsible for financing and all project construction. CPECC is very experienced in power generation and transmission and transformation power plants, and has participated in about 90% of China’s coal power projects.A total of 49,000 MW coal-fired plant projects have been completed.

To ensure that the entire project can be successfully completed, CPECC assumes full responsibility for completing the power plant recommendations.

VISSONIC wireless conference system have been installed in 2nd and 3rd floors of CPECC.

Posted by joyvest > 2023-08-07 09:16 | Report Abuse

The further time extension of PP is already a demonstration of their difficulties in equity fund raising needless to mention the external funding. Investors/ shareholders are reluctant to pump in more for the company due to their hostility towards their stakeholders in the past

Posted by joyvest > 2023-08-07 09:25 | Report Abuse

You are slapping yourself with the following info. Given the positive ROE and P/E of Jaks, why Muhibah's share price is 3.5 times higher and better than that of Jaks under the same industry? Are you so blind that you cant see the underlying problems?
______________________________________
Johnchew5

Jaks NTA 0.68 .share price 0.19
Muhibah NTA 1.76 .share price 0.675 :

Jaks : ROE 2.99
P/E 9.37
EPS 2

Muhibah :
ROE -1.27
P/E -30.17
EPS -2.24

Haha Kon Nenek Joy JoyVest , you prefer to buy Jaks or Muhibah ??

Posted by joyvest > 2023-08-07 09:26 | Report Abuse

The further time extension of PP is already a demonstration of their difficulties in equity fund raising needless to mention the external funding. Investors/ shareholders are reluctant to pump in more for the company due to their hostility towards their stakeholders in the past.

Do you still believe that the investors/ shareholders/ stakeholders would accord to Jaks's request for further funding be it equity or external funding ? Perhaps in your fantasy.

Posted by Sslee > 2023-08-07 09:43 | Report Abuse

No PP no problem still can RI.

Posted by joyvest > 2023-08-07 09:54 | Report Abuse

It is believed that the existing shareholders are not keen to subscribe for RI for the same reasons mentioned above. The existing shareholders are expected to give up their " pre-emptive right " to subscribe as a result of which RI is expected to be massively undersubscribed which would further depress the shares price to abyss.

Posted by i3lurker > 2023-08-07 11:46 | Report Abuse

The thingy is ...
if you are not a masochist who enjoy suffering
and not willing to be destroyed by Satan, you should not join Satanic Accuser Johnny punya Satanic Cult.

Coz the next item on the agenda is already known to Mr Market who values Jaks at high premium to actual fair value later.

Events as follows: -
Failure of PP
Failure of RI
Satanic Accuser Johnny and Nasty Uncle DiuNiaSeng Personal Guarantee rejected by all banks in Malaysia, Somalia and Afghanistan.
Jaks unable to take new loans to pay old loans, just like Serba
Event of Default by Jaks.
Jaks becomes unable to pay its debts when due.
Jaks becomes PN17.
Jaks share price drops to RM0.04 each.

Satanic Accuser Johnny and Nasty Uncle DiuNiaSeng celebrates their joy and success by throwing a party to end all parties.

Posted by i3lurker > 2023-08-07 12:23 | Report Abuse

btw
FYI
ps
pss
PP already failed and begging extension of time from BURSA

Posted by joyvest > 2023-08-07 12:38 | Report Abuse

Even Ekovest Berhad ( Operating in the same industry ) is performing much better in terms of its share price of 0.430 vs 0.19 of Jaks despite of the fact that Ekovest shows negative EPS , P/E and ROE.

These buggers hyping are either blinded or delusional of the highest order.

Posted by i3lurker > 2023-08-07 12:41 | Report Abuse

I already said Jaks Power Plant will be seized by Creditors way earlier
cash flow big problem means unable to pay debts when due.

Inevitable => PN17
Inevitable => Liquidation

=> Mr Market is very wise and very smart

Satanic Accuser Johnny and Nasty Uncle DiuNiaSeng agenda is different, it is to inflict masochistic joy to people who enjoy suffering.
Some people cannot achieve orgasm any other way except from bankruptcy




Posted by joyvest > 42 seconds ago | Report Abuse

Even Ekovest Berhad ( Operating in the same industry ) is performing much better in terms of its share price of 0.430 vs 0.19 of Jaks despite of the fact that Ekovest shows negative EPS , P/E and ROE.

Posted by Johnchew5 > 2023-08-07 13:04 |

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Posted by Johnchew5 > 2023-08-07 13:11 |

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Posted by soon9913 > 2023-08-07 15:29 | Report Abuse

should be ding dong at this price until the QR announced

Posted by Johnchew5 > 2023-08-07 15:45 |

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Posted by joyvest > 2023-08-07 16:33 | Report Abuse

Dont count the chicks before they are hatched. Dont pre-celebrate in the match before the whistle is blown

Posted by Johnchew5 > 2023-08-07 17:21 |

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Posted by joyvest > 2023-08-07 17:35 | Report Abuse

Jaks NTA 0.68 .share price 0.195
Day3 NTA 0.08 .share price 0.485

Question directed at simpletonjohn who has been avoiding to answer.

Why is the share price of the small fly " day3" is higher than that of the "well- established "Jaks " given the fact that NTA of 0.08 of day3?

Posted by Johnchew5 > 2023-08-07 18:03 |

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Posted by Johnchew5 > 2023-08-07 18:10 |

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Posted by Just88 > 2023-08-07 18:14 | Report Abuse

Dear OTB, I have spoken to DK to welcome you back to DK's group if you are interested. You don't belong to the small new group. Aseng is a dictator. He just removed someone who refused to apologise to him. Other admins dare not add him back. Freedom of speech is only a lie.

Posted by i3lurker > 2023-08-07 18:31 | Report Abuse

Blurb

Posted by Just88 > 16 minutes ago | Report Abuse

Dear OTB, I have spoken to DK to welcome you back to DK's group if you are interested. You don't belong to the small new group. Aseng is a dictator. He just removed someone who refused to apologise to him. Other admins dare not add him back. Freedom of speech is only a lie.

Posted by luckyman > 2023-08-07 20:17 | Report Abuse

Jaks can fly immediately if it chooses to sell off its money losing malls and property businesses even with a one off loss from the disposals. Too bad the management team is still sleeping for the last few years

Posted by Johnchew5 > 2023-08-07 20:40 |

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Posted by Johnchew5 > 2023-08-08 06:26 |

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Posted by joyvest > 2023-08-08 06:43 | Report Abuse

Jaks is reporting profit so far due to the significant contributions from plant in Vietnam,without which,they are dead meat.

Their share price stands at 0.195 for a valid reason.

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Posted by Johnchew5 > 2023-08-08 08:46 |

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Posted by UlarSawa > 2023-08-08 08:49 |

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