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 13 hours ago

Posted by Asengkianjoo > 2023-08-08 17:26 | Report Abuse

other than cash flow , talk something interesting lah ......

hari-hari cash flow ,...cash flow ..... and hari hari market reply nonsense... nonsense ....

cicakman

7,304 posts

Posted by cicakman > 2023-08-08 17:45 | Report Abuse

Please take note,
Whatever scammer joy the egg sucker makes comments don't you ever ever believe.
Joy is one of the most buduh in i3.🤣

cicakman

7,304 posts

Posted by cicakman > 2023-08-08 17:48 | Report Abuse

Granma egg suckers will not add value.

joyvest

10,413 posts

Posted by joyvest > 2023-08-08 18:49 | Report Abuse

Cash flow is lifeline of the company .No positive cash flows,business is unsustainable, business Closure is a reality.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-08 20:04 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-08 20:05 | Report Abuse

Gearing Ratio : 37.5 % ( 0.375 X )

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-08 20:05 | Report Abuse

Cash Flow from Operating Activities :

( RM 894,000 )


Purchase of PPE and Right of Use :

( RM 31,082,000 ) in LSS4 Solar Project

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-08 20:06 | Report Abuse

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

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-08 20:09 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-08 20:13 | Report Abuse

- Impairments are done in accordance with the relevant accounting standards.
- For goodwill, kindly refer to Note 10. Whether further impairments are needed will depend on the annual impairment test to determine the value in use and fair value less cost of disposal, which includes obtaining independent professional valuer’s opinion.

- However, do note that impairments do not impact the cash flows, as it is only accounting implications.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-08 20:15 | Report Abuse

19.
The Group has RM102 m as at 31 March 2022, but it was raised through Private Placement and Rights Issue undertaken during FY21 and FY20 of RM129.5 m and RM254.3 m respectively. How can the Company states that its financial position remained healthy when it is not able to raise funding internally for its operations and expansion activities from its current businesses?

- The Power infrastructure and Utilities Projects undertaken by JAKS are generally capital- intensive in nature, such as the power plant in Vietnam which has started to contribute earnings.

- As such, all decisions in relation to the capital structure to fund our projects are evaluated extensively to ensure they are undertaken in the best interest of the company.

- We are of the view that the Group’s debt to equity ratio is considered low as compared to its peers.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-08 20:16 | Report Abuse

We are of the view that the Group’s debt to equity ratio is considered low as compared to its peers. 👍👍👍

soon9913

2,771 posts

Posted by soon9913 > 2023-08-08 20:53 | Report Abuse

https://www.klsescreener.com/v2/news/view/1186411

jaks get new solar project?

soon9913

2,771 posts

Posted by soon9913 > 2023-08-08 20:59 | Report Abuse

https://www.klsescreener.com/v2/news/view/1186389

won two solar contracts?

joyvest

10,413 posts

Posted by joyvest > 2023-08-08 21:54 | Report Abuse

The so called " low gearing ratio" is in fact motivated in disguise due to its massive share capital of 2.9m which has been accumulated through massive RI and PP over the years.

Despite of injections by the investors via RI and PP ,the investors are not properly rewarded through dividend payouts and capital gains for their investmsnt ( capital loss now) ,the investors are believed not to be keen to subscribe for RI and PP any more.Hence, it is foreseen that the company will be faced with difficulties for fund raising for any upcoming projects.
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Johnchew5

Gearing Ratio : 37.5 % ( 0.375 X )

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 00:03 |

Post removed.Why?

Johnchew5

11,339 posts

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

Post removed.Why?

bingoman

254 posts

Posted by bingoman > 2023-08-09 00:14 | Report Abuse

wow, finally up from 18 sen, slowly collect more

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 07:33 | Report Abuse


Jaks


Refer QR ended March 2023 :


Non Current Assets :

PPE. 273,041,000

Investment Properties 594,321,000

Investment in Joint Venture. 829,105,000

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 07:40 |

Post removed.Why?

Sslee

6,222 posts

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

The question jaks need to answer is why every year still got impairment of trade and other receivables?

When will this impairment of trade and other receivables stop?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 08:06 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 08:13 |

Post removed.Why?

Sslee

6,222 posts

Posted by Sslee > 2023-08-09 08:24 | Report Abuse

If you want to make a trade gain betting on TA trend please say so.

You do not need to cut and paste the financial data here which you do not have the capacity to understand what the data mean.

Please learn from rr88 whether today the jaks trend is on double cross bullish uptrend or double bottom bearish downtrend.

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 08:26 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 08:29 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 08:30 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 08:34 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 08:37 |

Post removed.Why?

Johnchew5

11,339 posts

Posted by Johnchew5 > 2023-08-09 08:47 |

Post removed.Why?

joyvest

10,413 posts

Posted by joyvest > 2023-08-09 08:59 | Report Abuse

The so called " low gearing ratio" is in fact motivated in disguise due to its massive share capital of 2.9m which has been accumulated through massive RI and PP over the years.

Despite of injections by the investors via RI and PP ,the investors are not duly rewarded through dividend payouts ( never payout since listing) and capital gains for their investmsnt ( capital loss now). For these reasons , the investors are believed not to be keen to subscribe for RI and PP any more. Hence, it is foreseen that the company will be faced with difficulties for fund raising for any upcoming projects. There is a valid reason (s ) why the current share price is depressed.
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Johnchew5

Gearing Ratio of jaks : 37.5 % ( 0.375 X )

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 09:05 |

Post removed.Why?

Harryww

104 posts

Posted by Harryww > 2023-08-09 09:08 | Report Abuse

Looks to break 0.21 and next resistance is 0.23

SomaCruz89

305 posts

Posted by SomaCruz89 > 2023-08-09 09:08 | Report Abuse

Haiyoh kepala butuh ko

joyvest

10,413 posts

Posted by joyvest > 2023-08-09 09:10 | Report Abuse

Given the so called low gearing ratio of 37.5% , the company can still resort to external borrowings. However, it remains to be seen if the financial institutions are keen to lend to them or not given the pathetic current market price.

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 09:11 |

Post removed.Why?

Harryww

104 posts

Posted by Harryww > 2023-08-09 09:14 | Report Abuse

Looks to break the 0.21 and next resistance 0.24

Harryww

104 posts

Posted by Harryww > 2023-08-09 09:14 | Report Abuse

Jaks is coming.

SomaCruz89

305 posts

Posted by SomaCruz89 > 2023-08-09 09:14 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 09:23 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 09:29 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 09:31 |

Post removed.Why?

SomaCruz89

305 posts

Posted by SomaCruz89 > 2023-08-09 09:35 |

Post removed.Why?

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 09:37 |

Post removed.Why?

joyvest

10,413 posts

Posted by joyvest > 2023-08-09 09:42 | Report Abuse

What is already rotten is already rotten .No matter how you hard you hype on it , it is futile.
Once bitten twice shy , twice bitten never try. It is as simple as that....

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 09:44 |

Post removed.Why?

joyvest

10,413 posts

Posted by joyvest > 2023-08-09 09:46 | Report Abuse

When things are not right and fishy , they should be exposed and leave no stone unturned for goodness sake. The investors are not stxpid , they are discerning to see the goodness and otherwise in the company.

UlarSawa

35,552 posts

Posted by UlarSawa > 2023-08-09 09:46 |

Post removed.Why?

warchest

1,806 posts

Posted by warchest > 2023-08-09 09:47 | Report Abuse

Don't worry too much on this stocks. 2 types of fallacy in investing; overthinking / over analysing and buy something that you don't understand. At this price level, it is a low risk play. All the naysayers, I will prove my point. Thank you ;)

joyvest

10,413 posts

Posted by joyvest > 2023-08-09 09:47 | Report Abuse

let the "Market" be the judge and decide the fair market price. It is very fair.

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