Posted by Mikecyc > 2 days ago | Report Abuse

Posted by Mikecyc > 1 hour ago | Report Abuse

Energy Commission to announce winning bids for LSS5 in November
By Bernama
October 8, 2024 @ 4:56pm

Posted by Huangbk72 > 2 days ago | Report Abuse

Miketikus better hope Jaks dont win any tender

PP again 😁😁😁😁

Posted by Mikecyc > 2 days ago | Report Abuse

2.) Jaks : catched the Bottom Fishing at RM 0.185 on April 2023 ( after Sslleee posted sold Jaks on April 2023 since 2017 ) ... Up to RM 0.225 in 2 months .. then invested at RM 0.19 on July 2023 .. Gap Up on 1/9/2023 to RM 0.245 …

As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .

Posted by Sslee > 2 days ago | Report Abuse

Repost from jayatiasa forum:
The best time to invest is when company almost clear the debts and start paying dividend.

For jaks that can only happen in year 2030. Mike-tikus need to work harder to promote jaks till year 2030 meanwhile I enjoining my dividend from Jayatiasa.

Posted by Mikecyc > 2 days ago | Report Abuse

Haha KonLee how is yr SCIB promoted with TP RM 2.00 by early 2025, why so desperate le like yr promoting partner Koni3lurkker.🤣🤣🤣

Posted by Mikecyc > 2 days ago | Report Abuse

Haha really laugh live me le .. these 2 SCIB promoters don’t know the Major ( over 20 % ) is Force Sell on July 2024 .. so desperately to promote SCIB with TP 2.00 n RM 2.60 by early 2025 … if not own said will become D !!! 🤣🤣🤣

Posted by Mikecyc > 2 days ago | Report Abuse

Haha Let’s compared these 3 Power / RE companies :

Jaks : Price RM 0.135

NTA : 0.59
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.78 %


Solarvest: Price RM 1.59

NTA : 0.40
Current Ratio 0.27
Debt-Equity (DE) Ratio 1.23
FCF Yield -1.32 %



Samaiden : Price RM 1.04

NTA : 0.32
Current Ratio 2.37
Debt-Equity (DE) Ratio 0.73
FCF Yield -5.5 %

Posted by Huangbk72 > 2 days ago | Report Abuse

Since when Jaks can be compared to Samaiden or Solarvest? 😂😂😂

Miketikus, are you ok?

Posted by Sslee > 2 days ago | Report Abuse

Aiyoyo Mike-tikus until now still do not know jaks operating cash flow is negative and need PP for working capital and loans repayment.

Dec-2023 31-Dec-2022
RM'000 RM'000
Net Operating Cash Flow (19,463) (80,946)
Net Investing Cash Flow (2,430) (73,445)
Net Financing Cash Flow 14,090 103,574
Cash & Cash Equivalents at end of the period. 23,748 29,719

Long Term Borrowings 428,741 432,932
Bank borrowings 60,040 57,862
Bank overdraft 6,037 10,935

Did Mike know that jaks creative accounting of putting interest paid under financing activities just to make operating cash flow look better?

Dec-2023 31-Dec-2022
RM'000 RM'000
Cash flows from / (used in) financing activities
Proceeds from issuance of share capital 38,272 711
Interest paid (21,287) (21,813)
Drawdown / (Repayment) of short term borrowings 2,178 (7,225)
Drawdown (Repayment) of lease liabilities 1,163 (228)
Drawdown / (Repayment) of bank term loans (5,354) 132,129
Share issuance expenses (882) -
Net Financing Cash Flow 14,090 103,574

Posted by Vincenzo999 > 2 days ago | Report Abuse

Proven Auntie Huang Tin Kosong Round #1 using Sarawak Shell Berhad as example an upstream company 100% owned by foreign company.

Posted by MrHuangBK > 1 day ago | Report Abuse


Everyone can read. U said Sapuraomv can be 100% foreign owned. It’s not possible in Malaysia.

Totalenergies just took over OMV 50% shares


Proven auntie Huang Bok kai tin kosong round #2. Auntie Huang please read what is Bumi requirements for PSC contract holder first.

Posted by MrHuangBK > 4 hours ago | Report Abuse

Hahhaha..

If totalenergies own 100% in Sapuraomv, guaranteed they can get project from Petronas?



Proven Auntie Hwang Tin Kosong round #3. I provided SK309 / SK311 as example

Posted by Huangbk72 > 1 hour ago | Report Abuse


If SapuraOMV is 100% foreign owned
Sarawak Shell is 100% owned

This project still being approved by Petronas?

oil asset SK408 is a JV of SapuraOMV Upstream (40%), Sarawak Shell Berhad (30%) and Petronas Carigali (30%).

Posted by Mikecyc > 2 days ago | Report Abuse

Haha repost fr Jtiasa :


Jaks Free Cash Flow by Quarterly :

30/9/2023 :

Free Cash Flow : + 6.21 million
Free Cash Flow Growth : + 146.08 million

31/12/2023 :


Free Cash Flow : + 61.48 million
Free Cash Flow Growth : + 889.59 million


31/3/2024 :


Free Cash Flow : - 37.79 million
Free Cash Flow Growth : - 161.47 million



30/6/2024 :

Free Cash Flow : - 11.96 million
Free Cash Flow Growth : + 68.34 million

Posted by Mikecyc > 2 days ago | Report Abuse

Haha Repost from Jtiasa :

Posted by Mikecyc > 1 hour ago | Report Abuse

Jaks non current asset :

Investment in Joint Venture:

QR ended

> March 2016 = 128,297,000

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000
( note : Profit from Construction of the Power Plant is ard RM 400 Million .. Final COD on January 2021 )

> March 2022 = 748,656,000

> March 2023 = 829,105,000

> September 2023 = 897,378,000

> December 2023 = 904,495,000

> March 2024 = 936,836,000

> June 2024 = 943 ,960,000

Posted by Huangbk72 > 2 days ago | Report Abuse

Miketikus still back to old tricks of deceiving..

Never show full picture of Jaks FCF position. Lies and deception.

I trust below :

https://www.marketwatch.com/investing/stock/4723/financials/cash-flow?countrycode=my

Very ugly FCF position of Jaks

Posted by Mikecyc > 2 days ago | Report Abuse

Jaks : repayment on Vietnam Power Plant Loans

Haha illustration on :

Vietnam JV Power Plant RM 8.7 billion: 25 % equity, 75% Loans .

Jaks 30 % , CPECC 70 %:

8.7 billion x 0.75 x 0.3 = 1.96 billion.

1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 :

Each year repaid loan amount = 0.196 billion

2021 to 2023 , 3 years = 0.588 billion

> 1.96 billion- 0.588 billion = 1.37 billion

>> Investment in Joint Venture as on June 2024 = 0.94 billion


👉Observation 1 : Non current asset of Investment in Joint Venture 0.94 billion as FCF Growth to be prepared for big projects and served as some kind of security ( on loans although CPECC did the financing ) as Vietnam Power Plant is with BOT 25 years.


👉👉Observation 2 : Vietnam associate company JHDP had been paying Dividend from yearly is changed to Half year:

2022 : Dividend RM 70 million
2023 : Dividend RM 27.4 million
June 2024 : Dividend RM 14.2 million


👉👉 👉Observation 3 : year 2025 shl be Jaks year .


>>>

Shareholders agreement (SHA)
* Shareholders agreement dated 6 July 2015 entered between JPH, CPECC and JPP to regulate their proposed relationship as shareholders of JPP as well as certain matters relating to the management of JPP and also to govern their relationship in respect of matters related to JHDP.


* JHDP Board of directors, 3 from JPH and 2 from CPECC. However,👉 3 years after COD, 2 from JPH and 3 from CPECC. ( January 2021 to February 2024 ) .


* JPP Board of directors, 2 from JPH and 3 from CPECC.


> JAKS RESOURCES(Jaks)在2011年争取的越南海阳燃煤电厂项目在经过了6年的风雨终于开工建设了。由于项目总投资达18.685亿美元，JAKS无法找到任何银行资助该项目，所以电厂的建设推迟了好几次，期间更换了2个中国伙伴。直到于2015年7月Jaks与中国电力工程顾问集团有限公司(CPECC)达至协议。Jaks让出项目控制权从以往60:40改为30:70的股权合资开发此工程。CPECC负责融资及全部工程建设。CPECC在进行发电和输变电厂的工程非常有经验。参与了约90％的中国煤电工程。共完成了49,000兆瓦燃煤厂工程。

👉 Jaks partner with CPECC again on tendering LSS5 2000 MW EPCC RM 7.2 billion:

Jaks 51 % : CPECC 49 % tendered 200 MW ( with intention to tender up to limit 500 MW).

Land : 1730 acres in Terengganu to be leased from TDM with rental RM 578 per acre per year ( up to 500 MW) .

👉👉Tender award is scheduled to be announced on November 2024 .

Posted by Mohd ImranRafifi > 1 day ago | Report Abuse

Catch bottom price 😌

Posted by MrFox > 1 day ago | Report Abuse

yes 0.10 coming!!!

Posted by ks55 > 1 day ago | Report Abuse

Directors engaged in self enrichment scheme.
In addition to big fat Director's fees, also issue free shares to themselves.

Run for your life.

Posted by Sslee > 1 day ago | Report Abuse

LTIP to ALP to prevent his pledged Jaks shares from forced selling.
Without LTIP most likely jaks is now at 10 sen due to margin call forced selling.

Posted by Mikecyc > 1 day ago | Report Abuse

Haha Repost from Jtiasa :


Posted by Mikecyc > 8 hours ago | Report Abuse

Haha recap on Jaks loans n borrowings:

a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.

b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.


👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.


👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.


> Loans n Borrowings = RM 473.4 million

Illustration:

1.) 473.4 - 206.4 - 70.6 = RM 196.4 million ( loans on LSS4 50MW project) .

> on Vietnam Power Plant 1200MW , EPCC RM 8.7 billion:

25 % equity ( shareholding 30 % ) = RM 600 million ( fully paid in Cash , No loans ).


75% loans ( shareholding 30 % ) = RM 1.96 billion


1.96 billion loans ( excluded interest) to be repaid in 10 years , starting 2021 :

Each year repaid loan amount = 0.196 billion

2021 to 2023 , 3 years = 0.588 billion

> 1.96 billion- 0.588 billion = 1.37 billion


>> Investment in Joint Venture as on June 2024 = 0.94 billion


No wander JHDP started paying Dividend from yearly to Half year as at June 2024 .

Posted by Mikecyc > 1 day ago | Report Abuse

Haha really laugh live me lo , investing until run for yr life , better don’t touch .🤣🤣🤣

—-

Posted by ks55 > 1 hour ago | Report Abuse

Directors engaged in self enrichment scheme.
In addition to big fat Director's fees, also issue free shares to themselves.

Run for your life.

Posted by Mikecyc > 1 day ago | Report Abuse

Haha Repost from Jtiasa :


Posted by Mikecyc > 1 day ago | Report Abuse

👉👉as posted earlier, year 2025 shl be Jaks year .

P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .


👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.


>> Case Management:

1.) 8/5/2024

2.) 11/7/2024

3.) 11/10/2024

And the Losses from Star Pacific project can be reduced in view of :

1.) occupancy n tenancy



PACIFIC STAR
Section 13, Petaling Jaya
Pacific Star is an elite mixed development project located on 6.04 acres land at Section 13, Petaling Jaya with Gross Development Value of RM1.08 billion. The Group acquired the land from the Star Publications for RM135 million and the payment for this consideration would be the construction and transfer of an office tower to the Star Publications. This development consists of 5 blocks for residential units and commercial space purposes.


Star Publications has exclusive rights to Tower A, while Tower B, also an office suites, has 258 units. Tower C on the other hand consists of 191 units of semi-D like homes. Tower D consists of 156 units of serviced apartments located on the 10th to 24th floor. Meanwhile, Tower E consists of 310 units sprawled over the 10th to 33th floor.


There are 4 levels of basement car parks, 4 levels of retail units, 3 levels of office suites and 6 levels of elevated car parks.


👉And further if can monetise the property segment assets :

a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.

b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.


👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.


👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.

Posted by Mikecyc > 1 day ago | Report Abuse

Haha On Jaks LTIP granted RM 43.88 million to the Directors, based on SGP approved in 2018 , reference to Vietnam 1200 MW Power Plant construction, EPC contract ard RM 2.1 billion with Profit over RM 400 million.

👉👉“We embark on a new journey in power generation in 2011 via the 1,200 mw coal-fired power plant in Hai Duong , Vietnam. We also forayed into renewable energy sector in 2021 as one of the shortlisted bidder for the 4th cycle of the Large Scale Solar project. We achieved Commercial Operations Date on 18 August 2023.”

👉👉👉Note : Vietnam Power Plant : 1st Unit is COD on November 2020 … 2nd Unit is COD on January 2021 .

Posted by Mikecyc > 1 day ago | Report Abuse

Jaks LTIP


Attachments
JAKS - Additional announcement.pdf


LTIP Options granted 160,664,000
LTIP Options exercised 17,115,000

LTIP free share granted 174,155,000

Based on the total number of issued Shares of 2,369,850,544 as at LPD.
Since the Effective Date up to the LPD, the Company had granted 174,154,760 Shares pursuant
to share grant plan of the LTIP in the following manner:
Eligible person(s)
Total number of Shares granted
pursuant to share grant plan
(‘000) (i)%
Directors 120,456 5.08
Key senior management 47,913 2.02
Other eligible employees 5,786 0.24
Total 174,155 7.34

Posted by Sslee > 1 day ago | Report Abuse

Name me any listed companies that granted free of charged 174,154,760 Shares?

By the way the share option:
LTIP Options granted 160,664,000
But LTIP Options exercised 17,115,000 about 10%.

Directors like free shares
And Jaks like free money from investors and shareholders with never ending PP or RI.

Even reveivables (money owed to jaks) also free not need to pay back to jaks.
So when will jaks price be almost free at half a sen?

Total receivables impairment for the last 5 years amounted to RM 167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM 153.5 million

Posted by Mikecyc > 1 day ago | Report Abuse

Haha Repost from Jtiasa :

Posted by Mikecyc > 14 hours ago | Report Abuse

Haha KonLee still twisting n diverting le ..🤣

Posted by Mikecyc > 10 hours ago | Report Abuse

Haha since KonLee still twisting n diverting, maybe value_invest can reply on why FFB production output is fluctuated so High ??

4.) How is the replanting schedule being executed, why FFB production output is fluctuated so High ??


👉 Question 2 :

July-Sept: FFB MT

2019: 425,801

2020: 326,209 ( - 23.4 % vs 2019 )

2021: 195,447 ( - 54 % vs 2019 )

2022: 263,948 ( - 38 % vs 2019 )

2023 : 359,740 ( - 15.5 % vs 2019)

2024 : 343,397 ( - 19.4 % vs 2019 )


> From 2019 to 2021 FFB output is reduced by 54 % … 2023 is reduced by 15.4 % ..

> Compared 2024 July- September to 2023 is reduced by - 4.54 %

Posted by Mikecyc > 20 hours ago | Report Abuse

Haha looks like DC n RE theme shl be continue…

Amazon is joining Google and Microsoft in going big on nuclear power
While the AI boom has boosted revenues for major tech companies, it's also fueling huge demand for energy
By
Britney Nguyen
UpdatedWednesday 2:56PM


👉 This is in USA … in Asia Shl be RE in Solar ..

As those MNC are in RE100 :

When RE100 was born in 2014, few thought it possible to reach 100% renewable electricity. As founding partners of the initiative, Ingka Group (IKEA Group) and Swiss Re put their heads above the parapet and made the ambitious pledge.

Posted by Mikecyc > 20 hours ago | Report Abuse

Haha TNB budgeted firm RM 90 billion Capex over 6 years until 2030 for Power Grid infrastructure upgrading .

Third Party Access ( TPA ) mulling charges is announced on August 2024 , n CRESS is effective on September 2024 .

Jaks Shl start construction of the CGPP 30 MW project to be COD by end 2025 / early 2026 .

Posted by Mikecyc > 20 hours ago | Report Abuse

Posted by Mikecyc > 1 day ago | Report Abuse

Haha Singapore shl need to import RE electricity 2000 MW with increasing demand yearly :

As said TNB had announced the TPA mulling charges on August 2024 n CRESS is officially effective on September 2024 :

> PowerSeraya 2 Power Plant are anticipated going to be phase out due to the Service life :


> Steam Turbine Power Plant thermal project with a capacity of 1,448MW by 2027 ..


Pulau Seraya Combined Cycle Power Plant is a 1,472MW by by 2026 to 2031 .

>> Total Capacity = 2,920 MW

Posted by Mikecyc > 20 hours ago | Report Abuse

To achieve the IEA NZE milestones, the global energy think tank said Singapore will need 8.1 GW of renewable electricity import capacity by 2035 and 16 GW by 2045.

Neighbouring countries that Singapore has already tapped for renewable energy sources include Lao PDR, Thailand, Malaysia, Indonesia, Cambodia, and Vietnam.17 Jul 2024

Posted by Mikecyc > 20 hours ago | Report Abuse

Haha Singapore had planned many Option of RE supply as following:

1.) LTMS ( Laos , Thailand, Malaysia, Singapore) RE supply agreement were signed on 2021 but is cancelled on 2022 due to Singapore is not agreed on the cost ( each country power grid infrastructure are different) .

2.) Planned 3000 MW RE supply from Australia via subsea cable…AAPower Link is facing technical n financial issues.

3.) Appointed PowerSeraya as RE import agent supply from Malaysia.. oredi signed with TNB on 100 MW trial run .

Posted by Mikecyc > 19 hours ago | Report Abuse

Haha Let’s see Jaks LSS5 2000 MW EPCC RM 7.2 billion tender , award is scheduled to be announced on November 2024 :

1.) Jaks is partner again with Vietnam Power Plant 1200 MW China partner CPECC … Jaks 51 % n CPECC 49 % .

2.) Jaks n CPECC had submitted tender for 200 MW ( with intention up to limit 500 MW ) , estimated EPCC RM 800 million. ( if 500 MW , EPCC RM 2000 million) .

3.) Land : 1730 acres in Terengganu to be leased from TDM group ( rental RM 578 per acre per year ) .

Posted by MrFox > 18 hours ago | Report Abuse

Haha 0.10 coming

Posted by Mikecyc > 10 hours ago | Report Abuse

Jaks Resources Bhd (XKLS:4723) Intrinsic Value: Projected FCF : RM0.48 (As Of Oct. 19, 2024)


What is Jaks Resources Bhd Intrinsic Value: Projected FCF?
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-10-19), Jaks Resources Bhd's Intrinsic Value: Projected FCF is RM0.48. The stock price of Jaks Resources Bhd is RM0.13. Therefore, Jaks Resources Bhd's Price-to-Intrinsic-Value-Projected-FCF of today is 0.3.

The historical rank and industry rank for Jaks Resources Bhd's Intrinsic Value: Projected FCF or its related term are showing as below:


During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Jaks Resources Bhd was 0.81. The lowest was 0.24. And the median was 0.44.

Posted by xiaoeh > 10 hours ago | Report Abuse

Posted by Mikecyc > 5 minutes ago | Report Abuse
Jaks Resources Bhd (XKLS:4723) Intrinsic Value: Projected FCF : RM0.48 (As Of Oct. 19, 2024)

Mike
just to check is this RM0.48 represent
intrinsic value of future cash flow or
intrinsic value per share?

Posted by Huangbk72 > 9 hours ago | Report Abuse

Gurufocus? LOL 🤣🤣🤣

Miketikus no wonder stuck at high floor relying on this.

Just 1 post to show how well Gurufocus analyze a stock.

What is Capital A Bhd Intrinsic Value: Projected FCF?
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-10-19), Capital A Bhd's Intrinsic Value: Projected FCF is $-0.48. The stock price of Capital A Bhd is $0.22. Therefore, Capital A Bhd's Price-to-Intrinsic-Value-Projected-FCF of today is 0.0.

The historical rank and industry rank for Capital A Bhd's Intrinsic Value: Projected FCF or its related term are showing as below:

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Capital A Bhd was 4.43. The lowest was 0.44. And the median was 1.78.

Posted by MrFox > 3 hours ago | Report Abuse

0.10 as of December?