Posted by speakup > 2023-08-12 11:00 | Report Abuse

already said 1001x, speakup is not raider
speakup got Insas but no Netx

Posted by Felix888 > 2023-08-12 11:04 | Report Abuse

Speakup not raider but a blower.

Posted by joyvest > 2023-08-12 11:08 | Report Abuse

it is not a raider , not a blower then a rogue ?

Posted by joyvest > 2023-08-12 11:09 | Report Abuse

to speak up the truth or your mind ? Like the two so called promoters , one is spitting the shit of his mouth and the other is spitting venom out its mouth.

Posted by Johnchew5 > 2023-08-12 11:23 |

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Posted by Johnchew5 > 2023-08-12 11:26 |

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Posted by Felix888 > 2023-08-12 11:27 | Report Abuse

John why you call Joyvest nenek ah?

Posted by Johnchew5 > 2023-08-12 11:30 |

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Posted by Johnchew5 > 2023-08-12 11:33 |

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Posted by joyvest > 2023-08-12 11:34 | Report Abuse

You see he is evading to answer those questions directly posted to him with his repetitive nonsense below to divert attention.
---------------------------
Johnchew5

Hoho The fact is Kon Joyvest can’t even know how to Google, posted MV , market value , then changed to share price ..and still blur blur :
Hoho Kon Nenek Joyvest tak tau google ke atau tak faham ke , Masih buat Badut show le , hahahaha…

The market value is the value of a company according to the financial markets. The market value of a company is calculated by multiplying the current stock price by the number of outstanding shares that are trading in the market. Market value is also known as market capitalization.
Posted by joyvest > 7 minutes ago | Report Abuse
Is MV not current market price x share capital ? 
Is it not that the quantum of MV is determined by the current market price ? 
Why are you running away from reality as a promotor?

Posted by Johnchew5 > 2023-08-12 11:35 |

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Posted by joyvest > 2023-08-12 11:37 | Report Abuse

You see he is evading to answer those questions directly posted to him in the past weeks ( you may refer to my previous posts) with his repetitive nonsense below to divert attention.

Posted by Felix888 > 2023-08-12 11:38 | Report Abuse

Walaoehh this nenek knows Fibonacci principal leh. What she expect from a call center business? It like a fixed income business, why not she invest in REIT which is aunties first choice.

Posted by joyvest > 2023-08-12 11:42 | Report Abuse

*Is MV not the current market price x share capital ?
*
Is the quantum of MV not determined by the current market price ?
*It is the fact that the current market price of jaks is stagnant at RM 0.195 if not depressed.

Posted by joyvest > 2023-08-12 11:44 | Report Abuse

Just Because I have asked him not to teach his grandmother how to sxck eggs and he has literally taken for it .
Isnt he pathetic?
-----------------------
Felix888

John why you call Joyvest nenek ah?

Posted by Johnchew5 > 2023-08-13 05:14 |

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Posted by Johnchew5 > 2023-08-13 05:17 |

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Posted by Johnchew5 > 2023-08-13 05:18 | Report Abuse

HANOI (Xinhua): Vietnam's Deputy Minister of Industry and Trade Do Thang Hai has reassured that there would be a sufficient supply of power for production and daily life to the end of 2023 following a shortage recorded in May and June due to hot weather and prolonged droughts, local media has reported.8 Jul 2023

Posted by Johnchew5 > 2023-08-13 05:21 |

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Posted by trader808 > 2023-08-13 14:03 | Report Abuse

1.According to the 1Q result announcement ending Mar 2023, Jaks generated a revenue of 14.16m in its business operation on the company level and sadly an operating loss of (- 19.28m) for the listed entity.

2. The dismayed financial performance was fortunately cushioned by the share of profit of 28.32m from the JV and 30% ownership of a power generating and selling plant in Vietnam.
3. The heavy losses of the parent company has been off set by the profit contribution from the JV and resulted in a profit before tax of 9.04m.

4. Despite the seemingly good result, the company actually generated or facing a negative cash flow of ( -12.03m ) in addition to ,a negative cash flow of (-28.77m ) last year corresponding quarter.

5. Hence, the ability of the company to maintain and fulfill a healthy working capital requirement is weaken and seriously deteriorating. It is not surprising Jaks may have to resolve to some corporate exercise to raise fund through a right issue or private placement in the near future.

6. Should this happens,it is value destroying and therefore would seriously dampen the counter's sentiment and investors' spirit and interest.

7. The investment merits for Jaks over the past few years has been centered on the designing constructing, commissioning and selling of electricity in Vietnem. The much anticipated project has been successfully completed and in deed profit generating.

8. Ironically and unfortunately the share price performance of Jaks has fallen sharply and continued in is decline.
WHY??

9. Perhaps, one must understand that the JV with Chinese company in which Jaks has a minority stake of 30% ownership would categorize the investment in the JV as an associate company of JAKS.
10. Therefore, the revenue and profit were sadly not consolidated into the accounts. It shall be reported as gain or loss from JV.

11. Owing to the accounting practice, despite profit from JV company JAKS does not receive cash and as such in no way helping towards strengthening cash flow and working capital.
12.. It is like a swamp of bees coming into your garden feeding on the nectaries of your plants and flowers and fly home to Vietnam to produce the honey which you can see from a distance but cannot touch and much less taste it unless it declares a dividend or Jaks cash out on disposal.
13. Until then, Jaks will continue to face issues and challenges in its business operation. Expected to announce erratic financial performance and has to endure lackluster share price and struggle to sustain it at a hugely diminished level.

14. It is hopeful that the commitment and determination of the management and its desire for success would some day steer the company out of trouble water.

15. This is my personal perception of the counter and it is not intended to influence your investment plan and strategy

Happy trading
13/8/23

Posted by Felix888 > 2023-08-13 14:54 | Report Abuse

Not really John because 混水摸鱼，水至清则无鱼。

Posted by Johnchew5 > 9 hours ago | Report Abuse

Hoho , PRN of 6 states is over , Permukaan Kolam Air lebih tenang , lebih sesuai untuk pancing ikan lo …

Posted by Johnchew5 > 2023-08-13 15:03 |

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Posted by Johnchew5 > 2023-08-13 15:05 |

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Posted by Johnchew5 > 2023-08-13 15:06 | Report Abuse

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

Posted by Johnchew5 > 2023-08-13 15:07 | 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

Posted by Johnchew5 > 2023-08-13 15:10 | 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

Posted by Johnchew5 > 2023-08-13 15:13 | 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.



And Dividend RM 70.0 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 .

—


>> JHDP has been granted the Investment Certificate by the Ministry of Planning and Investment of Vietnam on June 2011 to develop a 2 x 600 MW Coal Fired Thermal Power Plant Project in Phuc Thanh Commune, Kinh Mon District, Hai Duong Province, Vietnam ("Hai Duong BOT Thermal Power Plant"), under the form of Build-Operate-Transfer ("BOT") for 25 years.


>>> 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.

Posted by youarewelcome88 > 2023-08-13 16:08 | Report Abuse

@trader808... Can I your view what if Jaks disposed it's entire holdings in the Vietnamese JV company? Thanks

Posted by trader808 > 2023-08-13 18:06 | Report Abuse

This is the jewel of the crown. It is unlikely that Jaks would even entertain the thoughts of a disposal for an assets that has generated 156.2m and 140 7m in 2022 and 2021 respectively.
2. It will not happen for many many more years to come. It is akin to slaughtering the burgeon goose that lays the golden egg. It would be unwittingly foolish and reckless after many years of labour and hard work.

3. If it does happen some time in the future, there will be a huge proposal possibly 200 pages in length contained in a circular and disseminated to seek shareholders' approval in an EGM. Until then, do not jump the gun and unnecessarily burden your mind.

4. In anyway if you really must know and waiting to impress upon your girl friend
(just kidding) you can evaluate the asset in this manner.
Asset valuation is base on earning basis. So just take the earning multiply by a PE multiples of companies in the similar sector of industry.

5. Hence, if you arbitrarily assign a random number PE of say 11.43x similar to YTL Power today, then the asset is worth 156.2m x 11.43 =1.785b in a nutshell.

5. May you be informed and enlightened. Hope it helps.
Happy trading
13/8/23

Posted by youarewelcome88 > 2023-08-13 18:09 | Report Abuse

@trader808... Very kind of you to share your thoughts. Cheers

Posted by Just88 > 2023-08-13 20:21 | Report Abuse

Downside risks include continuous future equities fund raising exercises to meet cash flow requirements. Any unforeseen or unplanned breakdown of power plant will have significant impact on Jaks’ cash flow especially for the period before the JHDP loans are fully repaid as its dividend from JHDP maybe reduced substantially.

On another note, if CPECC decided to sell its stake in JHDP, Jaks will be forced to dispose its stake. AES recently divested its 1200MW Mong Duong II power plant (costing USD2,100m) and POSCO followed suit citing increased volatility. POSCO’s 30% stake was sold for USD185m. Jaks’ 30% stake in JHDP (costing USD1,870m) should proportionately fetch USD165m (RM723m) equivalent to RM0.316 per share. While this amount is sufficient to pay off its debts, Jaks will have no future source of income except the small 50MW solar farm.

Posted by Johnchew5 > 2023-08-13 20:46 |

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Posted by youarewelcome88 > 2023-08-13 20:46 | Report Abuse

@Just88... Another generous perspective. Most unexpected. Thank you very much

Posted by Johnchew5 > 2023-08-13 20:50 |

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Posted by trader808 > 2023-08-13 20:52 | Report Abuse

1. According to the notes of the account the (-RM894,000) is not Cash Flow from Operating Activities. It is in fact the miserable and negative cash and cash equivalents of the company at the end of 1Q 2023

2. The notes to the accounts clearly specified that the company has 54.713m of which

1. Deposit held as securities value 41.630m
2.Bank balance held as securities value 2.737m
3 Debts service reserve accounts 11.240m

3. Hence the bank balance actually has a deficit shot fall of -RM894,000
Considering the horrendously critical situation of negative cash position, it is therefore, unlikely for Jaks to declare any dividend.

4. Those expecting a dividend will be sadly disappointed. The higher the expectation the greater the disappointment.
Happy trading
13/8/23

Posted by Just88 > 2023-08-13 20:57 | 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).

Posted by Just88 > 2023-08-13 21:01 | Report Abuse

DK has recently written an article on Jaks valuation analysis. Only permitted for private sharing. Those interested please PM.

Posted by Johnchew5 > 2023-08-13 21:12 |

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Posted by Johnchew5 > 2023-08-13 21:21 | Report Abuse

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

Posted by joyvest > 2023-08-13 22:30 | Report Abuse

More and more people are aware of the pathetic situation and take up the courage to fire here...its good to be aware of rather than ignorant of it...

Posted by Johnchew5 > 2023-08-14 04:59 |

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Posted by Johnchew5 > 2023-08-14 05:00 | Report Abuse

Eng Keat


过去6天 一連4个十字星 出现在2个上涨阳线后面 是洗盘动作


macd 在零軸之上 快线慢线死亡交叉后 快线拐头向上 朝向黄金交叉之道路


柱状图红色逐渐缩小 並將从下越过零軸 由红转青 指日可待


上述 皆是 蓄势待发 有等待一个大阳k线图放量 啟动上涨的含义

Posted by Johnchew5 > 2023-08-14 05:08 |

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Posted by Johnchew5 > 2023-08-14 05:18 |

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Posted by Johnchew5 > 2023-08-14 05:28 | Report Abuse

TheStar Tue, Aug 08, 2023 07:00pm - 5 days


“Meanwhile, through a consortium with JAKS Solar Power Sdn Bhd and Ann Joo Green Energy Sdn Bhd, (subsidiary) Fabulous Sunview Sdn Bhd has also been allocated with an export capacity of 29.99 MW.

“The EC revealed that of the 71 applicants to be solar power producers, 22 were selected with a combined allocated export capacity of 563.42 MW.”

Posted by UlarSawa > 2023-08-14 08:53 |

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Posted by UlarSawa > 2023-08-14 08:55 |

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Posted by UlarSawa > 2023-08-14 08:57 |

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Posted by UlarSawa > 2023-08-14 08:59 |

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Posted by mickey77 > 2023-08-14 09:15 | Report Abuse

that cannon ball carrier sold at 0.185 hope to buy back lower