JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.135

Today's Change

+0.005 (3.85%)

Day's Change

0.13 - 0.135

Trading Volume

1,753,000


41 people like this.

64,898 comment(s). Last comment by Huangbk72 2 hours ago

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 13:51 | Report Abuse

1/9/2023 . Fri

12.30 pm : 0.225 VWAP : 0.218
Volume : 109, 046,500


5.30 pm : 0.235 VWAP 0.224
Volume : 174,429,300



T+ 0 = 84,070,000. ( Retailer = 33,475,000 )


MA400 : 0.265

——-


4/9/2023 . Mon

12.30 pm : 0.23 VWAP : 0.235
Volume : 46,237,300

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 13:53 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 13:56 |

Post removed.Why?

Felix888

3,368 posts

Posted by Felix888 > 2023-09-04 13:59 | Report Abuse

Pokkai pariaaa I3lurker said Topglov PN17 soon with his simple mathematics .

Posted by StartOfTheBull > 2023-09-04 14:07 | Report Abuse

Better avoid insulting Pokkai pariaaa I3Licker. Kon Lee has confirmed he is a sarcastic person, the more you insult him the more nonsense he will writes.
********

Sslee

2,405 posts

Posted by Sslee > 2 hours ago | Report Abuse

I3lurker is his normal self, trying to be extremly sarcastic.

He is a much better man compare to those Satanic Accuser, who cannot debate with facts/figures but using vulgarity to personal insult the opponent.

Posted by Bruce_Wayne > 2023-09-04 14:18 | Report Abuse

For Q3 2022, Long Term Incentive Plan ("LTIP") expenses RM13.980M was charged to the company.

For Q3 2023, more than RM13M will also be expensed for the 70.5M free shares that were given to Ang Lam Pah on the 10th of July 2023.


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3367711

Page 3
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=221227&name=EA_FR_ATTACHMENTS

.

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 14:23 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 14:27 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 14:31 |

Post removed.Why?

soon9913

2,783 posts

Posted by soon9913 > 2023-09-04 14:31 | Report Abuse

🙏 🙏 🙏 🙏 🙏 🙏 John Chew... king of Jaks!!

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 14:33 |

Post removed.Why?

Posted by StartOfTheBull > 2023-09-04 14:38 | Report Abuse

Their purpose here is to attack John.

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 14:39 |

Post removed.Why?

Posted by Bruce_Wayne > 2023-09-04 14:41 | Report Abuse

Hehe haha

In July 2021, the private placement was priced at 0.475

In May 2023, the private placement price was at only 0.185 , raising only RM23.868M

Looks like desperate for cash.



29 May 2023 Private Placement
129,017,000 @ RM0.1850 = RM23.868M

1 July 2021 Private Placement
272,667,000 @ RM0.4750 = RM129.517M

.

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 14:57 |

Post removed.Why?

soon9913

2,783 posts

Posted by soon9913 > 2023-09-04 15:11 | Report Abuse

u are tua bei gong level for ppl to pray on prayer desk ...! 🥳 🥳 🥳 🙏 🙏 🙏.......

next week TP 38 cents...

soon9913

2,783 posts

Posted by soon9913 > 2023-09-04 15:14 | Report Abuse

John chew god of jaks... everything u said is right!! 🥳

38 cents TP

Posted by Chee Hoe Leong > 2023-09-04 16:37 | Report Abuse

I believe John chew
Some people felt sour 😊

warchest

1,810 posts

Posted by warchest > 2023-09-04 16:48 | Report Abuse

Let's break 26.5 and above 30 cents soon. Keeps the leap of faith. Nibble more, worry less

warchest

1,810 posts

Posted by warchest > 2023-09-04 16:49 | Report Abuse

Don't against the direction of the wind. It is heading to the north & not south

soon9913

2,783 posts

Posted by soon9913 > 2023-09-04 17:30 | Report Abuse

hoho John Chew, God of Jaks...!!! tmr 28 cents!

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 17:32 | Report Abuse

1/9/2023 . Fri

12.30 pm : 0.225 VWAP : 0.218
Volume : 109, 046,500


5.30 pm : 0.235 VWAP 0.224
Volume : 174,429,300



T+ 0 = 84,070,000. ( Retailer = 33,475,000 )


MA400 : 0.265

——-


4/9/2023 . Mon

12.30 pm : 0.23 VWAP : 0.235
Volume : 46,237,300


5.30 pm : 0.235 VWAP 0.234
Volume : 60,733,600


T+ 1 = 84,070,000. ( Retailer = 33,475,000 )


Daily Range : 0.225 —- 0.245




5/9/2023 Tuesday


T+2 = 23,336,400. ( Retailer = 33,475,000 )

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 17:34 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 17:35 | Report Abuse

5) Jan to Feb 2024 : will Jaks be successful increase Vietnam JV holding from 30 % to 40 % ??


Note : PP extension of time of up to 29 January 2024 .

Latest 👉Second tranche pp, cleared the remaining outstanding pp units. Ex price o.18 .

This announcement is dated 30 August 2023.

👉 Now is depends on DRP ..

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 17:37 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-04 17:59 | Report Abuse

👉Referred to FY23 , 2QR ended June 2023 :


> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )


Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍

soon9913

2,783 posts

Posted by soon9913 > 2023-09-04 20:15 | Report Abuse

John chew, well done! keep your good work to push up the price tomorrow..

soon9913

2,783 posts

Posted by soon9913 > 2023-09-04 20:16 | Report Abuse

dont disappointed us... you are our god of Jaks..

huahtai98

770 posts

Posted by huahtai98 > 2023-09-04 21:59 | Report Abuse

With John Chew bro here...all the naysayers cabut oredi...lol

Posted by Bruce_Wayne > 2023-09-04 23:45 | Report Abuse

👉Referred to FY23 , 2QR ended June 2023 :

Total Bank Borrowings: RM501.571M compared to Q1 of RM490.794M

==>> Borrrowings increased by RM10.777M!!!!!!


Deposits and cash: RM55.981M compared to Q1 of RM104.598M

==>> Cash dropped by RM48.617M!!!!!!


===>>> Crisis!!!!!!

.

i3lurker

14,205 posts

Posted by i3lurker > 2023-09-05 00:04 |

Post removed.Why?

Posted by Bruce_Wayne > 2023-09-05 00:41 | Report Abuse

Yep. Serba has a JV in the Abu Dhabi called Block 7

Jaks will be having a JV with a German company called Zero Carbon Energy Europe GmbH

However the German company was just recently formed and has a paid-up of 25 EUR

The shareholders of the German company are actually from China and there's literally Zero information on both of them in the solar PV industry

Sounds like a fart ( Carbon de Backside ) JV

---
Search on Zero Carbon Energy Europe GmbH at https://www.unternehmensregister.de :

Herr Jian Ji
geboren am 23.09.1961, wohnhaft in Leipzig, Staatsangehörigkeit: VR China
Nennbetrag des Geschäftsanteils : 12.500 EUR

Herr Xuejun Wang
geboren am 19.06.1976 wohnhaft in Shanghai, VR China Staatsangehörigkeit: VR China
Nennbetrag des Geschäftsanteils : 12.500 EUR


--->>> New company. No financial statements. Shareholder funds : 25 EUR

.

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 00:59 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:00 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:03 | Report Abuse

Jaks


Referred to FY23 , 1 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 )


—-


👉Referred to FY23 , 2QR ended June 2023 :


a) Financial assets


Trade n other receivables 356,616,000


Cash and bank balances 21,593 ,000


Deposits placed with Banks. 34,388 ,000


total = 412 ,597,000



b) Financial liabilities


Loans and borrowings 506,599,000


Trade and other payables 484,460,000


Lease liabilities —


total = 991, 059,000



a) - b ) = ( 578,462,000 )

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:05 | Report Abuse

Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000





Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:09 | Report Abuse

Jaks shard of profit


Jaks : Vietnam Power Plant Project BOT 25 years concession tenure. >>


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 .


D) Referred to 2nd QR ended June 2023 :
Share of Profit in Joint Venture is RM 32,312,000 . Wow really a Cash Cow , 💪.




>> 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 Bruce_Wayne > 2023-09-05 01:17 | Report Abuse

Posted by UlarSawa > 5 days ago | Report Abuse

JohnChew come come ada orang implying Jaks cheating in 2022 income from vietnam thermal power plant leh. Why you so panlai korek data one takda suspect anything kah. How could other competitors in 2022 unable to get so good net profit but Jaks can get superb net profit from the 1200mw power plant leh. You try to work out the result ada possible kah. Ular SPM gam gam passed glanced thru pun ingat jaks power plant macam pun ada sikit not really can achieve so great result leh. The other 4 competitors inly generated the best pun 8% net profit from the yearly revenue generated due to high coal price in 2022 as the reporter tulis the report leh. Jaks one can get so high net profit up to usd120mil super high return leh. In order to get usd120 if kira 10% net profit can generated usd1.2 bil revenue leh. The other similar 1200mw plant pun only ada revenue of usd440mil only leh. Tak kan Jaks power plant can get 3 times net profit of the other 4 competitors net profit or revenue leh. Look like very suspicious leh. JohnChew can use your intelligent to answer the penkritik question kah. You seem to avoid to reply the penkritik comment leh. Could it be the answer why Jaks saham at so rock bottom kah. Haiyoh. Correct?



Posted by MrsLim > 7 hours ago | Report Abuse

In 2022, Jaks's 30% share of profit for the Hai Duong Power Plant was RM156.190M

The entire plant's profit would have been RM520M (about USD120M ) in 2022

The Hai Duong Power Plant wasn't the first. They were also not smarter.

However the Hai Duong Power Plant's profit is many times higher than those reported by it's peers.

---
“There are three ways to make a living in this business: be first, be smarter, or cheat." - Margin Call
---

Quang Ninh Thermal Power JSC _____ USD444.23M _____ USD32.84M
PVPower NT2 ________________________ USD374.68M _____ USD31.09M
PECC2 ________________________________ USD56.38M ______ USD3.27M
Pha Lai Thermal Power JSC __________ USD218.13M _____ USD15.89M

https://theinvestor.vn/thermal-power-plants-record-q4-profit-drop-on-higher-costs-d3460.html
.

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:19 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:20 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:21 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:22 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:23 |

Post removed.Why?

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:26 | Report Abuse

1/9/2023 . Fri

12.30 pm : 0.225 VWAP : 0.218
Volume : 109, 046,500


5.30 pm : 0.235 VWAP 0.224
Volume : 174,429,300



T+ 0 = 84,070,000. ( Retailer = 33,475,000 )


MA400 : 0.265

——-


4/9/2023 . Mon

12.30 pm : 0.23 VWAP : 0.235
Volume : 46,237,300


5.30 pm : 0.235 VWAP 0.234
Volume : 60,733,600


T+ 1 = 84,070,000. ( Retailer = 33,475,000 )


Daily Range : 0.225 —- 0.245




5/9/2023 Tuesday


T+2 = 23,336,400. ( Retailer = 33,475,000 )

Posted by Bruce_Wayne > 2023-09-05 01:32 | Report Abuse

There's a para in the memorandum of underwear with ZC energy:

"ZC Energy is owned by two Chinese nationals, namely Mr. Ji Jian and Mr. Wang Xue Jun, each holding 50% of the shares and the Managing Director is Mr. Ji Jian. It is a company specifically established for Italian projects and is the project sponsor of the current project in Tuscany. Mr. Wang Xue Jun also owns BaySolar AG and Bay Energy Group which has previously developed similar solar projects in Europe ranging from 7.4MW to 163MW."

Facts:
ZC energy is a new setup with paid up of 25 EUR
Wang Xue Jun's BaySolar AG has the following contact:
Franklinstraße 56, 60486 Frankfurt am Main, Deutschland
+49 69 50929198
www.bayenergy.net


bayenergy.net domain was created on 2019-07-08 and has expired on 2023-07-08

Haha hehe, scam companies used for fake MOUs!

Laugh die Johnchewshoe/MikeCkuku/Leno/etc clones


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=138818&name=EA_GA_ATTACHMENTS

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:36 | Report Abuse

JAKS RESOURCES BERHAD (“JRB” OR THE “COMPANY”)
MEMORANDUM OF UNDERSTANDING ENTERED INTO BETWEEN JAKS POWER SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF JRB, AND ZERO CARBON ENERGY EUROPE GMBH


1. INTRODUCTION
The Board of Directors of JRB (“Board”) is pleased to announce that JAKS Power Sdn Bhd (“JAKS Power”), a wholly-owned subsidiary of JRB, had on 25 July 2023, entered into a memorandum of understanding with Zero Carbon Energy Europe GmbH. (the “ZC Energy”), a company incorporated in Germany and having its principal office at Hans-Weigel Str. 18a, 04319 Leipzig, Germany (“MOU”).
The MOU shall be non-binding on both parties and is intended to be an outline of the basic principles of the cooperation between the parties and to provide guidelines for the conduct of further negotiations between the parties as to the cooperation content.


JAKS Power has intention to participate and will engage in comprehensive cooperation with the project sponsor, ZC Energy on a solar photovoltaic project with an installed capacity of 63.3MW, located around Grosseto and Firenzuola in Tuscany, Italy (“Project”).


2. BACKGROUND INFORMATION ON ZC ENERGY
ZC Energy, is a company incorporated in Germany in 2023 and having its principal office at Hans-
Weigel Str. 18a, 04319 Leipzig, German. The principal activities of ZC Energy are as follows:-

(i) Development and investment in renewable energy such as solar energy, wind energy, hydrogen energy green methanol, synthetic ammonia, etc.;
(ii) Trade in renewable energy products such as solar panels, inverters, storage systems, batteries etc.; and
(iii) Operation and management of photovoltaic systems, wind turbines, hydrogen systems and storage systems.
ZC Energy is owned by two Chinese nationals, namely Mr. Ji Jian and Mr. Wang Xue Jun, each holding 50% of the shares and the Managing Director is Mr. Ji Jian. It is a company specifically established for Italian projects and is the project sponsor of the current project in Tuscany. Mr. Wang Xue Jun also owns BaySolar AG and Bay Energy Group which has previously developed similar solar projects in Europe ranging from 7.4MW to 163MW.

3. SALIENT TERMS OF THE MOU
(i) Under the terms of the MOU, the Parties have agreed on the following approach:
(a) ZC Energy shall grant an exclusivity period of 3 months from the date of the MOU or any mutually extended period (the “Cooperation Period”) for JAKS Power to conduct its due diligence and for the Parties to sign the definitive agreements which shall stipulate the roles, project investment price, construction period, and other specific details (“Definitive Project Investment Agreement”); and
1


(b) In the event the Parties are unable to sign the Definitive Project Investment Agreement within the Cooperation Period, ZC Energy may choose to proceed with the project implementation on its own and JAKS Power shall have the option to invest in the project at a later stage.


(ii) The MOU will terminate upon the execution and delivery of the Definitive Project Investment Agreement or the execution of mutual written agreement of both parties to terminate this MOU, whichever is earlier.


(iii) Neither Party will assign the MOU or any portion thereof without written consent of another Party, and no modification, amendment or other change to the MOU will be effective to any Party, unless such modification, amendment or change is consented in writing by both Parties.
4. INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED WITH THEM
None of the Directors, major shareholders of JRB and/or persons connected with them have any interest, whether direct and/or indirect, in the MOU.
5. FINANCIAL EFFECTS & PERCENTAGE RATIO

The MOU is a non-binding agreement and will not have any financial effects until the signing of the definitive/binding agreement(s).
6. DIRECTORS’ STATEMENT
The Board, having considered all aspects of the MOU, including amongst others, the approach to the cooperation with ZC Energy, the salient terms of the MOU, and the timeline of the MOU, is of the opinion that the MOU is in the best interest of the Company.
7. DOCUMENTS AVAILABLE FOR INSPECTION

Copy of the MOU will be made available for inspection at the Company’s registered office at 802, 8th Floor, Block C Kelana Square, 17 Jalan SS7/26, 47301 Petaling Jaya, Selangor Darul Ehsan, during office hours from Monday to Friday (except public holidays) for a period of three (3) months from the date of this Announcement.
This announcement is dated 26 July 2023
2

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 01:40 |

Post removed.Why?

Posted by StartOfTheBull > 2023-09-05 06:07 | Report Abuse

Below is a created story by someone:
""""""""""
There's a para in the memorandum of underwear with ZC energy:

"ZC Energy is owned by two Chinese nationals, namely Mr. Ji Jian and Mr. Wang Xue Jun, each holding 50% of the shares and the Managing Director is Mr. Ji Jian. It is a company specifically established for Italian projects and is the project sponsor of the current project in Tuscany. Mr. Wang Xue Jun also owns BaySolar AG and Bay Energy Group which has previously developed similar solar projects in Europe ranging from 7.4MW to 163MW."

Facts:
ZC energy is a new setup with paid up of 25 EUR
Wang Xue Jun's BaySolar AG has the following contact:
Franklinstraße 56, 60486 Frankfurt am Main, Deutschland
+49 69 50929198
www.bayenergy.net


bayenergy.net domain was created on 2019-07-08 and has expired on 2023-07-08

iswara

896 posts

Posted by iswara > 2023-09-05 08:13 | Report Abuse

market need more power plant to support semi-conductor and data center

Johnchew5

11,247 posts

Posted by Johnchew5 > 2023-09-05 09:09 | Report Abuse

1/9/2023 . Fri

12.30 pm : 0.225 VWAP : 0.218
Volume : 109, 046,500


5.30 pm : 0.235 VWAP 0.224
Volume : 174,429,300



T+ 0 = 84,070,000. ( Retailer = 33,475,000 )


MA400 : 0.265

——-


4/9/2023 . Mon

12.30 pm : 0.23 VWAP : 0.235
Volume : 46,237,300


5.30 pm : 0.235 VWAP 0.234
Volume : 60,733,600


T+ 1 = 84,070,000. ( Retailer = 33,475,000 )


Daily Range : 0.225 —- 0.245




5/9/2023 Tuesday


T+2 = 23,336,400. ( Retailer = 33,475,000 )

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