Posted by warchest > 2023-09-06 10:55 | Report Abuse

Still on the uptrend. Supported by the big players

Posted by warchest > 2023-09-06 10:55 | Report Abuse

30 cents in the making

Posted by Wdlim123 > 2023-09-06 11:09 | Report Abuse

let's go jaks

Posted by i3lurker > 2023-09-06 11:13 | Report Abuse

Ignore the noise means Sell Jaks
thats what he is telling you.

Posted by Sslee > 2023-09-06 11:14 | Report Abuse

Agree ignore the noise. Especially avoid/ignore the one make the most noise day and night at jaks forum.

StartOfTheBull
I meant ignore the noise.
1 hour ago

Posted by Sslee > 2023-09-06 11:16 | Report Abuse

I thought let's go jaks means Sell Jaks thats what he is telling you

Wdlim123
let's go jaks
4 minutes ago

Posted by Johnchew5 > 2023-09-06 11:17 |

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Posted by Johnchew5 > 2023-09-06 11:32 | Report Abuse

Posted by willsmith > minutes ago | Report Abuse



Paktua73, you also conman what. ASk people join your forum, say free then charge rm100 , then dissappear,

Posted by Johnchew5 > 2023-09-06 11:33 |

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Posted by Johnchew5 > 2023-09-06 11:35 |

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Posted by StartOfTheBull > 2023-09-06 11:39 | Report Abuse

So i3Licker main Kon Lee's buntut or the other way round? Do keep the sound volume low loh. Aiyo, correct?😁

Posted by Johnchew5 > 2023-09-06 11:44 |

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Posted by warchest > 2023-09-06 11:51 | Report Abuse

Many people forgot that the issues in the Group already reflected in its rock bottom price now. But now they have 25 years Vietnam power plant concession with option to increase its stake to 40% & LSS4. If it is 40 to 50 cents, maybe it's still risky as it still have its loss-making property investment business. But at current price, how low it can be

Posted by Johnchew5 > 2023-09-06 11:52 | Report Abuse

Posted by Johnchew5 > 15 hours ago | 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 )


12.30 pm : 0.22. VWAP : 0.225
Volume : 15,130,000


5.30 pm : 0.22 VWAP 0.223
Volume : 26,997,700



Daily Range : 0.215 —- 0.235


=


6/9/2023. Wednesday



T+ 3 = 15,168,600 ( Retailer = 14,645,000 )

Posted by warchest > 2023-09-06 11:52 | Report Abuse

Don't love the stocks, but don't put a grudge to it either. Just use it as a tool for your financial freedom

Posted by Johnchew5 > 2023-09-06 12:52 | Report Abuse

5/9/2023 Tuesday


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


12.30 pm : 0.22. VWAP : 0.225
Volume : 15,130,000


5.30 pm : 0.22 VWAP 0.223
Volume : 26,997,700



Daily Range : 0.215 —- 0.235


=


6/9/2023. Wednesday



T+ 3 = 15,168,600 ( Retailer = 14,645,000 )



12.30 pm : 0.230 VWAP : 0.225
Volume : 20,933,900

Posted by warchest > 2023-09-06 12:53 | Report Abuse

We don't make money out of other misery. But facts underlying the conviction & proven gut feeling (via experience). Don't resist the direction of wind, make it as your advantage

Posted by Bruce_Wayne > 2023-09-06 13:10 | Report Abuse

Warchest,

How can you be absolutely certain that the current price will be the lowest level?

--- Vietnam power plant ---

Jaks is reporting total earnings of around USD120M for the entire power plant in Vietnam. That margin will be about 32% of sales. Comparable plants in Vietnam are reporting only 5%-8% margins.

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


What Mr Marktet is saying is that the reported earnings for the Vietnam power plant is not credible

The current market cap is RM527M and the latest total bank borrowing is RM501.571M

However, Mr Market is saying that there will be RM527M to be shared with all shareholders when the RM501.571M borrowings is paid off at the end of 25 years.

--- LSS4 ---

LSS4 came in at low tariff bids, ranging from 17.68 sen to 24.81 sen per kilowatt hour (kWh). In comparison, the lowest bid for LSS1 was 39 sen per kWh. For LSS2, the lowest bid was 33.98 sen per kWh; while for LSS3, it was 17.78 sen per kWh

Jaks faced a double whammy of under-bidding and escalating silicon PV module prices in 2022. It will be extremely challenging for them to make a profit on the project.

Solarvest chose First Solar's advanced thin film photovoltaic technology which will allow them to lower costs by around 30%


--- BOD perception of share pricing and typical actions ---

Companies will typically do share buy-backs if share prices are perceived to be low

Jaks continues to issued private placement shares at low prices

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

And Jaks continued to issue free shares to ALP and charge the expenses to the company

That action constitute minority oppression

[On the 10th of Jul 2023, 70,500,000 share grant was issued to Ang Lam Pah & co. While the market price was then 0.18 per share, no money was received by the company because the RM12.69M worth of shares were given for FREE to Ang Lam Pah.]

---
posted by warchest

Many people forgot that the issues in the Group already reflected in its rock bottom price now. But now they have 25 years Vietnam power plant concession with option to increase its stake to 40% & LSS4. If it is 40 to 50 cents, maybe it's still risky as it still have its loss-making property investment business. But at current price, how low it can be

49 minutes ago

Posted by Johnchew5 > 2023-09-06 13:16 |

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Posted by RISK8888 > 2023-09-06 13:56 | Report Abuse

warchest. what is your recomendation?

Posted by RISK8888 > 2023-09-06 13:56 | Report Abuse

good opportunity to enter?

Posted by StartOfTheBull > 2023-09-06 14:20 | Report Abuse

What is that to complaint if someone is not a staff or management of the company? Is that anything wrong to reward a director in the form of share or something instead of salary or director fee?

Posted by Bruce_Wayne > 2023-09-06 14:20 | Report Abuse

Wanna see how a fact twister work?

Look at the posting below.



---

Posted by Johnchew5

Jaks

Referred to FY23 , 1 QR ended March 2023 :

Other Operating, Administrative Expenses :


( RM 14,875,000 ) / quarter


👉Referred to FY23 , 2QR ended June 2023 :

Other Operating, Administrative Expenses :


( RM 13,077,000 ) / quarter


>> Recalled from Key Matters Discussed, there are ard 600 employees working in Vietnam JV company…

16 hours ago

Posted by Bruce_Wayne > 2023-09-06 14:21 | Report Abuse

It gave the impression that 'Other Operating, Administrative Expenses' is on a downtrend and the latest amount is RM14.875M

The fact twister went on to justify the amount of other operating and administrative expenses is reasonable because there are 600 employees working in the Vietnam factory

Where did the 600 employees number come from?

Don't know. You just need to recall from Key Matters Discussed, which is not referenced anywhere.

First of all, the number of employees in the Vietnam factory is irrelevant to Malaysia Jaks' administrative expenses

It can be 6, 60, 600, 6million or 6 billion employees

Jaks in Malaysia will not be paying for the employees in Vietnam

Their salaries will be paid by JAKS Hai Duong Power Company Limited

Please remember this fact in 'Key Matters Discussed'

.

Posted by Bruce_Wayne > 2023-09-06 14:21 | Report Abuse

What then is the actual employee costs per quarter?

The number of employees in Jaks Malaysia was 124 in year 2022.

The total salaries and wages received by employees in 2022 is RM12,880,055 (16.2M - 3.32M)

So, the average employee salary and wages per quarter should be only RM3.22M ( 12.88 / 4 )


Page 39
In FY2022, our total workforce consisted of 124 manpower (FY2021: 135, F2020: 146)

Page 145
Salaries, wages and other emoluments 16,201,055

Included in staff costs is aggregate amount of remuneration received and receivable by the Executive Directors of the Group and of the Company during the financial year as below:

Executive Directors
Salaries, wages and other emoluments 3,321,000


https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3348800

Posted by Bruce_Wayne > 2023-09-06 14:22 | Report Abuse

Why then is other operating, administrative expenses so high at RM13.077M in Q2 2023?

When average employee salaries & wages per quarter is only RM3.22M!

Answer is:

--->>> RM12.69M worth of shares were given for FREE to Ang Lam Pah and charged to operating, administrative expenses.

Please remember this fact in 'Key Matters Discussed'

Long Term Incentive Plan (“LTIP”) On 10 July 2023, the Company granted 70,500,000 ordinary shares (“LTIP Shares”) under the Restricted Share Plan (“RSP”) of the Company’s Long-Term Incentive Plan (“LTIP”) to eligible directors and employees of the Group.


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=224962&name=EA_FR_ATTACHMENTS

.

Posted by i3lurker > 2023-09-06 14:28 | Report Abuse

232 rainy days in Malaysia ..... increasing every year from Global Warming
so how your electricity?

and after the rain Promoter will drive to Penang to sweep those panels free of dirt.
Most bidders underestimate maintenance charges.

Posted by Felix888 > 2023-09-06 14:30 | Report Abuse

I3licker do you installed solar panel on your rooftop? If you don't, shut up.

Posted by Bruce_Wayne > 2023-09-06 14:43 | Report Abuse

What fak-king executive performance to justify free shares of RM12.69M paid by company for the quarter when revenue was only RM3.312M?!!!

Please don't bring in the performance of the 30% Vietnam JV project. If it does well, the directors and management of the plant should be rewarded, not the jokers here.

You need to dichotomise the issues

It's just minority oppression and tax evasion in this case.



Q2 2023 Financials
Revenue: 3.312M
FREE shares given to Ang Lam Pah and expensed to admin expenses: RM12.69M

---

Posted by StartOfTheBull > 14 minutes ago | Report Abuse

What is that to complaint if someone is not a staff or management of the company? Is that anything wrong to reward a director in the form of share or something instead of salary or director fee?

Posted by StartOfTheBull > 2023-09-06 14:48 | Report Abuse

Free share to director for good job done, they deserve it, no need to complaint. Why non shareholder want to complaint? Loss or gain in share investment has nothing to do with any compainant/non shareholder here.

Posted by StartOfTheBull > 2023-09-06 14:52 | Report Abuse

Why not you go to their office to shout instead of displaying your anger here?

Posted by StartOfTheBull > 2023-09-06 14:55 | Report Abuse

i3Licker why not you hang your legs at the Penang bridge and shout COD, your favourite word?

Posted by StartOfTheBull > 2023-09-06 14:56 | Report Abuse

Why not you go to their office to shout instead of displaying your anger here?

Bruce_Wayne

83 posts

Posted by Bruce_Wayne > 12 minutes ago | Report Abuse

What fak-king executive performance to justify free shares of RM12.69M paid by company for the quarter when revenue was only RM3.312M?!!!

Please don't bring in the performance of the 30% Vietnam JV project. If it does well, the directors and management of the plant should be rewarded, not the jokers here.

You need to dichotomise the issues

It's just minority oppression and tax evasion in this case.

Posted by Johnchew5 > 2023-09-06 15:06 |

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Posted by Sslee > 2023-09-06 15:25 | Report Abuse

Please allow me to make correction.
Company granted 70,500,000 ordinary shares (“LTIP Shares”) SG. Share grant on 10 july 2023 hence RM12.69M of LTIP expenses will only be charged to Q3 under other operating, administrative expenses

Bruce_Wayne Why then is other operating, administrative expenses so high at RM13.077M in Q2 2023?
When average employee salaries & wages per quarter is only RM3.22M!

Answer is:
--->>> RM12.69M worth of shares were given for FREE to Ang Lam Pah and charged to operating, administrative expenses.

Please remember this fact in 'Key Matters Discussed'
Long Term Incentive Plan (“LTIP”) On 10 July 2023, the Company granted 70,500,000 ordinary shares (“LTIP Shares”) under the Restricted Share Plan (“RSP”) of the Company’s Long-Term Incentive Plan (“LTIP”) to eligible directors and employees of the Group.