When will ALP also come up with MOU for Data ceter?
PRIVA 0.140 +0.005 (+3.7%) MEMORANDUM OF UNDERSTANDING Privasia Technology Berhad [Registration No.: 200801023769 (825092-U)] (PRIVASIA or the Company) Memorandum of Agreement between Privabytes Sdn. Bhd (formerly known as Digital Medtech Solutions Sdn. Bhd.), an indirect subsidiary of Privasia, MARA Incorporated Sdn. Bhd. and FELCRA Berhad.
KUALA LUMPUR (Dec 23): The Energy Commission (EC) was to inform winners of the fifth large scale solar bidding round (LSS5) beginning Monday, following nine months of deliberation since it was opened in April this year.
In a statement, the EC said the bids have already been reviewed for the projects totalling 2,000 megawatt (MW), which are slated for commercial operations in stages in 2026 and 2027.
However, unlike past practices, the commission did not reveal the list of winners in the statement, nor the range of the winning bids.
See Jaks on monetise the Penang land for RM 77.74 million on 9/9/2024 , net book value as at December 2023 is RM 15.97 million with a net pro forma gain of RM50.38 million.
Jaks sold Penang land total 72.23 hectares for RM 77.74 million , ie : RM 1,076,284 per hectares >>> RM 435,566 per acre .
The other Land is used for LSS4 50 MW Solar Farm which is COD on August 2023 .
Hoho no worries if investors still interested on PP fund raising …
As posted earlier:
Jaks 51 % : CPECC 49 % submitted tender 200 MW for LSS5 bid ( with intention up to limit 500 MW ) , EPCC is estimated RM 800 million ( although a newspaper had published it ) :
Jaks 51 % : RM 800 million x 0.51 = RM 408 million.
As referring to Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion:
Equity 25 % , Loans 75 % .
An illustration:
Equity 25 % : 800 x 0.25 x 0.51 = RM 102 million
> EPC contract on Solar Farm construction: 800 x 0.3 x 0.2 ( profit ) = RM 48 million.
102 million- 48 million = RM 54 million can be opt from :
1.) > Accumulated Profit :
March 2016 = 55,453,000 … > June 2024 = 369,116,000 > September 2024 = 391,407,000
Or
2.) Jaks non current asset :
Investment in Joint Venture:
> June 2024 = 943 ,960,000 > September 2024 = 980,252,000
On 75 % Loans , all parties had learned from LSS4 Tender .. need time for syndicated Loans esp on Green Loans ( lower interest rate ) .
Hoho TNB has firm Budget RM 90 billion over the next 6 years until 2030 to upgrade its Power Grid system n structure as Third Party Access ( TPA ) … to export RE electricity cross border n to Corporate companies like Data Center..
Repost: Cash and Cash Equivalents Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts. Current Year Preceding Year 9 Months 9 Months ended ended 30-Sep-2024 30-Sep-2023 RM'000 RM'000
Deposits placed with licensed banks 12,079 34,404 Cash & bank balances 23,818 36,808 Bank overdrafts (5,891) (5,963) 30,006 65,249 Less : Deposit held as security values (12,079) (34,404) Bank balance held as security values (5,585) (214) Debt service reserves account (8,364) (11,240) 3,978 19,391
Jaks only balance available cash as at 30-Sept 2024 RM 3,978,000 Enough to pay salarly for the next 3 months or not?
Hoho KonLee the expert in Financial Accounting also -don’t play play le he had gone thru 3 months Accounting course le .. betul tak …???
So he always posted Jaks Return in Operating is Failed but I stress look at Finance investing as Vietnam Power Plant 1200 MW EPCC RM 8.7 billion is an associate company with 30 % … Revenue is not recognised…. Only Share of Profit n Dividend.
So KonLee what Yinson Financial Report shl be different starting next financial year ???
Hoho will it be like TDM case ? During MFRS standard on 2019 … TDM with new auditor on 2019 , rectified the Mis-location issues, FY2019 is in Huge Loss , rectified FY2018 from Profit to Loss …. FY2020 to FY2022 is incurred Losses..
>>> This is so that Yinson’s investors can have a better understanding of how the accounts will look from a finance lease and operating lease perspective.
IFRS is still what Yinson is required to follow. Even though presenting the operating lease numbers is not in line with IFRS, it is something that Yinson will look at doing better to explain its numbers in the next financial year.
1.) Vietnam Power Plant Share of Profit n Dividends :
2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )
2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .
2022 : RM 156.2 million , Dividend RM 70.0 million
2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M
2023 : RM 131 million , Dividend RM 27.385 million
Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.386 Million
Total = RM 529.089 Million
> Share of Profit in QR ended March 2024 = RM 32.384 million
>> Total = RM 561.463 million
> Share of Profit in QR ended June 2024 = Rm 21.33 million
Dividend = RM 14.21 million
👉 Total = RM 597 million.
> > Share of Profit in QR ended September 2024 = Rm 36.29 million
👉Grand Total 🟰 RM 633.3 million 👍
> Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million. ( RM 400 million is from the Profit of Construction contract of the Vietnam Power Plant, EPC2.)
Initially PayBack 8 to 9 years ..
Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..
👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 , Payback period is 8 years.
1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )
2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million. ( Vietnam Joint Venture Power Plant 1200 MW with EPCC RM 8.7 billion is COD on January 2021 )
3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.
4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..
5.) FYE 2024 :
>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.
>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.
>>👉3QR : RM 14.1 million with Net Profit RM 22.5 million.
( Note : Vietnam Power Plant Joint venture company is 30 % .. an associate company) .
Hoho really laugh live me lo … own claimed TA n FA Guru in Yinson but did not understand Labour Expenses and Capex …. Now on Current Ratio :
Jaks Current Ratio is 1.04 …. that means Jaks Working Capital can Last for 12.5 months ….
Where as KonLee promoted :
1.) SCIB with TP RM 1.00 by early 2025 … the Major is on Force Sell in July 2024. .
2.) Omesti : Current Ratio 0.51 , ie : Working Capital is only can Last for 6 months ..
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Posted by Sslee > 6 hours ago | Report Abuse
Repost: Cash and Cash Equivalents Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts. Current Year Preceding Year 9 Months 9 Months ended ended 30-Sep-2024 30-Sep-2023 RM'000 RM'000
Deposits placed with licensed banks 12,079 34,404 Cash & bank balances 23,818 36,808 Bank overdrafts (5,891) (5,963) 30,006 65,249 Less : Deposit held as security values (12,079) (34,404) Bank balance held as security values (5,585) (214) Debt service reserves account (8,364) (11,240) 3,978 19,391
Jaks only balance available cash as at 30-Sept 2024 RM 3,978,000 Enough to pay salarly for the next 3 months or not?
Hoho Insas the only best investment is on Inari .. Why ???
Dato' Dr Lee Chung Wah spent more than a decade in financial technology when he assumed the position of CEO and executive director of J & C Pacific Sdn Bhd (a subsidiary of INSAS Berhad, which is listed on the Main Board of Bursa Malaysia) from 2009 to 2016. He was in charge of several business units in Asean region.
He was in charge of several business units in Asean region. As a serial techno entrepreneur and investor, he is one of the partners of International Supply Chain Alliance Ltd. Hong Kong, a leading supply chain and logistics platform internet company which owns www.oym56lm.com with main operations in the Greater China.
As an active Fintech entrepreneur, Dato' Dr Lee was listed as an inventor to several granted patents under the Patent Cooperation Treaty and World Intellectual Property Organization in Australia, Singapore, United States of America and others. Prior to that, he was the general manager of INSAS Berhad from 2006 to 2007.
👉👉👉Hoho How Good is Insaf Investment after 2017 ???
Omesti ? Hohup ? Microlink ? Divfex ? Fashion n Beverage company ( not listed ) , and Duramitt ( a glove company, thru associate company Divfex ( from 19% to 25% to current ard 34 % ) invested RM 40 Million in Duramitt ( 50.1 % ) on November 2020 .. New Glove factory is Operational on June 2021 .. How much is the Losses Until Today ??? Even no corporate structure that use to plan corporate taxes …shl stripping u slowly n softly…
Hoho I am posted Top Glove TP RM 3.40 on 4/12/2020 , ard 2 weeks earlier than JPM TP RM 3.50 ..
And posted the study on Nitrile Gloves Demand vs Supply of 7 Local Gloves company on August 2020 that Supply Shl fulfil Demand in 12 months …
👉As posted earlier , Insaf keep selling Inari Shares although market price is Low on 2019..at prices ranging from RM 1.68 to RM 1.81 , ( of coz Insaf buying price is low .. as low as ard RM 0.38 .. I did bought Insaf n Inari during Ah Sweet keep buying Inari .. with mentioned Dato' Dr Lee Chung Wah background…
Insaf holding Inari shares is greatly reduced from 2012 … 43 % to currently 12.6 % …
Hoho Jaks is turn around to be a potential Growth stock , why ? :
A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with BOT 25 years concession , ie : until 2046 .
As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :
Jaks Annual Revenue and Net Profit / ( Loss ) :
1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )
2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.
3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.
4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..
5.) FYE 2024 :
>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.
>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.
>> 👉 3QR : RM 14.1 million with Net Profit RM 22.5 million.
B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ) , ie until 2048.
1.) QR ended September 2023 :
Revenue : 3.3 Million , Loss ( RM 1.4 Million)
1.) QR ended March 2024 :
👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%
👉👉 Average Profit % for 9 months of 2024 is 10.94 %
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C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .
CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS is effective on September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .
Update : CRESS is effective from September 2024 after 1 month discussion with industry generators/ players ) .
800 MW CGPP winners even can sell RE electricity cross border.
D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):
Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ( with intention up to limit 500 MW ) …..
👉Land : 1730 acres in Terengganu is leased from TDM . Can be a 200 MW to 500 MW Solar Farm depending on Solar Panel efficiency 12 % or 18 % .
E.) CAGR : 3Y + 29.9 % TTM + 41.2 %
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jjohnchew
3,627 posts
Posted by jjohnchew > 4 weeks ago | Report Abuse
Hoho what a pity le … working alone in Indonesia at 64++++ … No CNY holidays… even mumm is out from icu le ..
Became a kon since 2020 …