Posted by Johnchew5 > 2023-09-06 15:28 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-06 15:29 |

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Posted by Johnchew5 > 2023-09-06 15:34 |

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Posted by StartOfTheBull > 2023-09-06 15:39 | Report Abuse

Kon Lee should complain in Insas forum, JAKS is not related to Insas.

Posted by Sslee > 2023-09-06 15:41 | Report Abuse

Since 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 2023 under other operating, administrative expenses.

Hence Q3 2023 NP will be Q to Q and Y to Y drop.

Posted by Bruce_Wayne > 2023-09-06 15:50 | Report Abuse

SSLee,

Yes, you're correct.

The RM12.69M of LTIP expenses will hit only in Q3 2023.

The Q2 other operating, administrative expenses is probably made up of:
Depreciation and Amortisation 7.732M
Allowance for Impairment of Receivables 4.000M

Posted by Sslee > 2023-09-06 15:55 | Report Abuse

Q4 2023 another Q to Q and Y to Y drop due to impairment losses on trade and other receivables and impairment of goodwill.

Posted by StartOfTheBull > 2023-09-06 15:59 | Report Abuse

No worries, future bigger income will exceed expenses.

Posted by StartOfTheBull > 2023-09-06 16:05 | Report Abuse

Kon Lee you are writing something about the future which you are unsure of.


Sslee

2,438 posts

Posted by Sslee > 8 minutes ago | Report Abuse

Q4 2023 another Q to Q and Y to Y drop due to impairment losses on trade and other receivables and impairment of goodwill.

Posted by SomaCruz89 > 2023-09-06 16:17 | Report Abuse

Kon Lee bila nak RIP?

Posted by Sslee > 2023-09-06 16:26 | Report Abuse

I based on past 4 years norm to write something abt the future jaks Q4 2023
This is what happen the past two years.

12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490


StartOfTheBull Kon Lee you are writing something about the future which you are unsure of.
Sslee
2,438 posts
Posted by Sslee > 8 minutes ago | Report Abuse
Q4 2023 another Q to Q and Y to Y drop due to impairment losses on trade and other receivables and impairment of goodwill.

Posted by Johnchew5 > 2023-09-06 16:33 |

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Posted by Johnchew5 > 2023-09-06 16:33 |

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Posted by Johnchew5 > 2023-09-06 16:36 |

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Posted by Johnchew5 > 2023-09-06 16:41 |

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Posted by Johnchew5 > 2023-09-06 16:44 |

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Posted by Johnchew5 > 2023-09-06 16:49 |

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Posted by StartOfTheBull > 2023-09-06 16:50 | Report Abuse

That was the past so the price has dropped to very low today. The company has rejuvenated after transformation, expect more positive news to come.

Sslee

2,439 posts

Posted by Sslee > 19 minutes ago | Report Abuse

I based on past 4 years norm to write something abt the future jaks Q4 2023
This is what happen the past two years.

12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490

Posted by StartOfTheBull > 2023-09-06 17:04 | Report Abuse

Kon Lee how is Insas? Everything good? Any bad points of Insas to share here? Or you are unsure of or refuse to expose any dark side of Insas? 😁

Posted by Johnchew5 > 2023-09-06 17:19 | Report Abuse

JAKS RESOURCES BERHAD
Registration No. 200201017985 (585648-T) (Incorporated in Malaysia)
SUMMARY OF KEY MATTERS DISCUSSED
AT THE NINETEENTH ANNUAL GENERAL MEETING OF THE COMPANY
Date : 29 June 2021, Tuesday Time : 2.30 p.m.
Set forth below are the Key Matters Discussed:

14.
May I know how many staff are currently involved in the Vietnam operation?
- Total number of staff is approximately 600, which include the operations, maintenance and management staff.

Posted by Johnchew5 > 2023-09-06 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 )


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



5.30 pm : 0.225 VWAP 0.225
Volume : 24,897,300



Daily Range : 0.220 —- 0.230


——


7/9/2023 : Thursday


T+ 4 = 4,916,300 ( Retailer = 0 )

Posted by Johnchew5 > 2023-09-06 17:36 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-06 17:41 |

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Posted by Johnchew5 > 2023-09-06 17:44 |

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Posted by Johnchew5 > 2023-09-06 17:47 |

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Posted by Johnchew5 > 2023-09-06 17:57 | Report Abuse

Oh on case study from Uptrend point to Point 1 ( Peak Range ) :

2.) Jaks : cost at 19 sen …Paper Gain 18 % as at Today .. Cheers

Posted by Chee Hoe Leong > 2023-09-06 21:15 | Report Abuse

Don't like Jaks, please bet in Genting loh 🤣🤣🤣

Posted by warchest > 2023-09-07 08:59 | Report Abuse

All want to be a vigilante. You think yourself as a character in MCU or Warner Bros? Last time these people said Air Asia X going to bankrupt. But only it has quadrupled but successfully pivoted their business model

Posted by RISK8888 > 2023-09-07 09:00 | Report Abuse

warchest, what time duration to keep this Jaks? longterm play?

Posted by warchest > 2023-09-07 09:01 | Report Abuse

Don't buy into these silly and frenzy stories. If these people that good they already a business builder not exercise sarcasm & unwarranted comments in this forum

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

Repost for Johny fact check:

Since jaks 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 2023 under other operating, administrative expenses.
Hence Q3 2023 NP will be Q to Q and Y to Y drop

Based on past 4 years norm jaks Q4 2023 another Q to Q and Y to Y drop due to impairment on trade and other receivables and impairment loss on goodwill.

This is what happen the past 4 years.

12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490

Posted by StartOfTheBull > 2023-09-07 09:37 | Report Abuse

No need to repost, Kon Lee you are writing something about the future which you are unsure of.

Posted by Johnchew5 > 2023-09-07 09:48 |

Post removed.Why?

Posted by StartOfTheBull > 2023-09-07 10:01 | Report Abuse

Must be Sot2 Lee shorting.

Posted by Sslee > 2023-09-07 10:08 | Report Abuse

You should short CapitalA because if CapitalA fail to submit PN17 regularisation plan on or before 7 Oct deadline, Bursa can either allow the third extension or reject the request for extension and proceed to suspend and delist CapitalA from Bursa.

Posted by Johnchew5 > 2023-09-07 10:36 |

Post removed.Why?

Posted by StartOfTheBull > 2023-09-07 11:12 | Report Abuse

Kon Lee since you are very confident that JAKS would do badly in coming months you should short JAKS.

Posted by Sslee > 2023-09-07 12:02 | Report Abuse

I am only confident Jaks coming Q3 and Q4 result will be bad.

As on the share price, short term is a voting machine. That is why scammers campaign so hard day and night to con your vote.

Posted by StartOfTheBull > 2023-09-07 12:09 | Report Abuse

I think otherwise.

Posted by Johnchew5 > 2023-09-07 12:37 |

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Posted by Johnchew5 > 2023-09-07 12:39 | Report Abuse

Correction :

Oh as posted here earlier, this round I had emailed to Admin lo , u n 🐍sawa r open file again

Posted by Johnchew5 > 2023-09-07 13:08 | Report Abuse

7/9/2023 : Thursday


T+ 4 = 4,916,300 ( Retailer = 0 )


12.30 pm : 0.220 VWAP : 0.220
Volume : 40,940,000

Posted by StartOfTheBull > 2023-09-07 13:51 | Report Abuse

Oh I see, will that 🐍 RIP (Licker's favourite word)? Need to investigate COD of that 🐍 or not? 😁😁😁

Posted by Bruce_Wayne > 2023-09-07 15:19 | Report Abuse

The following posting was made by warchest in ARB Berhad thread.

Price then was 0.37/sh

Now it's 0.095/share

75% down!!!

---------------------------


Posted by warchest > 2021-02-21 14:28

Is highly possible to reach RM1. With ROE and EPS for FY20 of 27% and 10 cents respectively, essentially they are investing huge chunk of profits at at high rate of return. Even with using PE multiple of 10x and historical earnings based on FY20, the current value is RM1.00. But we can only use PE and discounted cash flow to value traditional businesses not tech companies like ARBB. When looking into tech companies like ARBB, we need to see the revenue growth, strong balance sheet and business model. You can argue that the Company has high receivables but it is make sense as due to its business model

.

Posted by Bruce_Wayne > 2023-09-07 15:19 | Report Abuse

The following posting was made by PSAi3alert in ARB Berhad thread.

Price then was 0.12/sh

Now it's 0.095/share

And it will tank futher


---------------------------

Posted by PSAi3alert > 2022-07-24 13:12 | Report Abuse

ARBB's 2020 annual report shows buzzwords such as Cloud CoSec, Pacio Accounting, Point of Sales,production, inventory management, business intelligence, human resources, Internet of Things (IOT) - (warehouse management, smart building, smart home, smart water management), purchasing, customer relationship management, sales & marketing, big data analytics, etc.

But revenue is only from 2 segments - ERP and IOT

Revenue of RM219.454M was reported for the year 2020 and 93% of the sales was from 4 customers. The 4 customers were not named but the average sales per customer will be RM51M

Salaries and wages was only RM2.308M or 1.05% of sales

31st March 2022 trade receivables is RM197.104M

Domain name was created in 2019 and is hosted with free hosting provider - Wix.com


--->>> Average sales of RM51M per customer is a lot of money for ERP or IOT. Surely there will be press releases on the purchase and what exactly was purchased.

--->>> 1.05% salaries cost as a percent of sales is a unicorn. It's just impossible

--->>> Trade receivables as at 31st March 2022 is RM197.104M

--->>> Frequent changes in auditors is a big red-flag

--->>> For a company that claims to have hundreds of millions of sales, why is their own domain hosted for free with Wix.com?

--->>> Software companies have frequent patches and updates in their site. ARBB does not have any such links for patches and updates.

--->>> Whoever buys this supposedly IOT company is an ID IOT


-------

FYE 2020
Sales of goods: RM8.487M
Rendering of information technology services: RM210.967M
Total revenue: RM219.454M

ERP Segment sales: RM150.541M
IOT Segment Sales: RM68.913M

Salaries, wages and allowances: RM2.308M

Page 118
Major customers
There are four (4) (2019: four (4)) major customers contributing to 93% (2019: 98%) of the Group’s revenue.


-------

31 March 2021
BDO PLT resigned as auditors
The company could not reach a consensus on the proposed increase of the audit fees covering the financial statements for the 18 months ending 30 June 2022 of the Company and some of its subsidiaries.
1 April 2021
SBY Partners PLT appointed as auditors

15 September 2021
Deloitte PLT resigned as Auditors
17 September 2021
BDO PLT appointed as auditors

-------

Sources:

Q1 2022 Financial results
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=218449&name=EA_FR_ATTACHMENTS

2020 Annual report
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=206611&name=EA_DS_ATTACHMENTS

.

Posted by UlarSawa > 2023-09-07 16:06 |

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Posted by UlarSawa > 2023-09-07 16:07 |

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Posted by UlarSawa > 2023-09-07 16:08 |

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Posted by soon9913 > 2023-09-07 16:26 | Report Abuse

johnchew la, not doing his job... everyday copy and paste the same post!!

Posted by soon9913 > 2023-09-07 16:32 | Report Abuse

Johnchew, please do something!.... wake up wake up...