KLSE (MYR): JAKS (4723)
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0.12
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Day's Change
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Posted by jjohnchew > 1 month ago | Report Abuse
Hoho TinKosong KonHuangbk blowing PMCORP with TP RM 2.00 , see its Value since November 2013 wow … must be loss naked liaw .. hibernated more than 7 years in cave since 2014 …
Holding Long Term wow >>> 2014 to 2024 is 10 years liaw …today Price is RM 0.15 …. PMCorp Sold Assets to acquired 100 % A&W ..Latest 4 consecutive QR are in Loss ! 😱🤣..
And keep lying and twisting her PMCorp cost is RM 0.245
Ppl in PMCorp asked him is a F or M , he just bla bla bla want to share love wow ..🤣🤣🤣🤔
>>>
👉Posted by Huangbk72 > 2013-11-21 11:51 | Report Abuse
To mikekong55
I have been a follower of your stock recommendations.
You have been fairly accurate in your assessment of PMCorp movement.
👉 I am also in PMCorp as I believe in buying and holding long term. Been accumulating from .27 till .36 till .26 and today .28. Being involved in FMCG business, I understand and see the value in PMCORP.
>>>>
After k awaken by Kon BobAxelrod on 2021 .. both as Pretending Negative Commentators in Serba …
Her partner Kon BobAxelrod said will not recommend best stocks wow but used many aka id to promote..
👉 Kon Bobaxelrod
1.) Use many aka id to promote stock : Trevor777 , Trevor888 , Dr Michael
2.) Used id image to Axe Capital CEO Billionaire BobbyAxelrod and New Boss Michael .
👉 TinKosong AuntieKonHuangbk72 Twisted saying I am the One whom said will Not Promote stocks .
Her Partner KonBobAxelrod is Missing in Action liaw …
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho Why TinKosongKonHuang still blowing here n there without facts n figures!!! 🤣🤣🤣
—-
Posted by Huangbk72 > 17 minutes ago | Report Abuse
LOL.. If YTLP break 4.60, Miketikus retire from stock gibberisim? 🤣🤣
Posted by jjohnchew > 2 days ago | Report Abuse
Hoho no worries la … as posted in YTLpower.. price shl not be up above RM 4.60 again …
Posted by Huangbk72 > 1 month ago | Report Abuse
Aiyo.. Miketikus will retire from i3 if YTLP breaks 4.60?
Miketikus forgot about all my facts about Jaks and only remember his own gibberish and mistakes about Jaks 🤣🤣
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho some Jaks positive signs observations:
A.) Raising Funds for coming projects n future growth.
1.) 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.
2.) JAKS Resources Berhad Proposed medium term notes ("MTN") programme of up to Ringgit Malaysia Two Hundred and Fifty Million (RM250,000,000.00) in nominal value ("MTN Programme")
2024-12-06 .
B.) Vietnam JV Power Plant 1200 MW EPCC RM 8.7 billion is started payout Dividend on June 2024 , ie from yearly to half yearly !
Posted by JediMaster1 > 1 month ago | Report Abuse
The person claimed have 13 id in i3 and 4 is suspended !
Genovese ( suspended )
Mikecyc ( Suspended )
Johnchew5 ( Suspended )
Limpek1510 ( Suspended )
jjohnchew ( still active posting trash comment )
Genovese
Anakin Skywalker I got 13 IDs waiting got you to flag red. 😆
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho mine is Hoho n Haha id … even Johnchew123 is Not my id ….
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho JeDie id :
1.) Lambo is delisted on October 2024 : use Alibaba/ YongKimFool / JeDi1985 as Promoter …
2.) Netx : used Scenery as Negative commentator…..
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho so yr Master KonSsleee going to be retired from i3 ke as he blowing SCIP Target Price RM 1.00 by early 2025 .. just another 1 month to Go le …
So you also TinKosongKonHuangbk blowing PMCORP with Target Price RM 2.00 … oredi more than 10 years liaw .. today price is RM 0.15 … should be retired liaw …🤣🤣🤣
—-
Posted by Huangbk72 > 27 minutes ago | Report Abuse
Aiyo.. Miketikus will retire from i3 if YTLP breaks 4.60?
Miketikus forgot about all my facts about Jaks and only remember his own gibberish and mistakes about Jaks 🤣🤣
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho another Positive sign observation on Jaks WC , year 2025 is the Year to harvest:
Jaks CEO holding WC 81,737,647 unit
Represents 15.55 % of Total issued WC !
Maturity : 18/11/2025
EX Price : RM 0.49
Posted by JediMaster1 > 1 month ago | Report Abuse
You are miketitus loh why scared ppl recognize you 😆
Posted by Sslee > 1 month ago | Report Abuse
Haha Jaks-WC come 18/11/2025 expired as toilet paper.
Tenaga Nasional Berhad ("TNB") through its wholly owned subsidiary, TNB Renewables Sdn. Bhd. ("TRe") wishes to announce that it has received Letter of Notification as a Shortlisted Bidder from the Energy Commission ("EC") dated 23 December 2024 for TRe to develop a 500MWa.c. Large Scale Solar Photovoltaic Plant at Kuala Muda, Kedah subsequent to the fifth large scale solar bidding round ("LSS5"), a competitive bid process conducted by the EC.
This Project aligns with our renewable energy growth objectives and supports our energy transition initiatives towards achieving Net Zero by 2050. The Project is expected to be earnings accretive to TNB upon the commissioning of the Project. This Project will not have any material effect on TNB’s consolidated net assets per share prior to commissioning. The Project will be financed through a combination of debt and equity. It is not expected to have a material effect on TNB’s gearing position. The transaction will not have any effect on the share capital of TNB.
The Letter of Notification requires TRe to fulfil certain customary requirements which are intended to be fulfilled in due course.
This announcement is dated 26 December 2024
Posted by Huangbk72 > 1 month ago | Report Abuse
Miketikus.. You have been harping on Jaks getting LSS5 bid. Buy land la, bla bla bla
Can you find Jaks name in this article? 😂
https://theedgemalaysia.com/node/739065
U wrong again? 😉
Or hopefully Jaks get scraps from Package 1 and 2?
Posted by Sslee > 1 month ago | Report Abuse
Packages one and two are reserved for companies with at least 51% Bumiputera equity. Is jaks with 51% Bumiputera equity?
Solar plant do not involve high Tech and should be reserved for Malaysia Company only.
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho copied n pasted partially:
👉 Surprisingly Solarvest and Gading Kencana not in the Winners list also . These companies being awarded CGPP projects also same like Jaks .
TNB among LSS5 winners, bags 500MW solar farm project in Kedah
26 Dec 2024, 06:27 pm
KUALA LUMPUR (Dec 26): 👉 Tenaga Nasional Bhd (TNB) said on Thursday that its unit has been shortlisted by the Energy Commission (EC) to develop a 500-megawatt (MWac) large-scale solar photovoltaic (PV) plant in Kuala Muda, Kedah.
It is understood that TNB's 500MW was dished out under package three.
According to sources, other notable firms shortlisted under package three include Samaiden Group Bhd with a 99MWac project in Kelantan; Gentari Sdn Bhd, a wholly-owned renewable energy subsidiary of Petroliam Nasional Bhd (Petronas), with a 100MWac project in Kedah; Ditrolic Energy Holdings Sdn Bhd, with a 100MWac project in Perak; and property developer Parkland Group’s majority-owned Parkland Renewable Energy Sdn Bhd’s 99.99MWac project in Johor.
As for package four, shortlisted outfits were rumored to include Aizo Group Bhd's ) 63%-owned Wawasan Demi Sdn Bhd with a 99.99MWac project in Perak; Gadang Holdings Bhd's 70%-owned Nusantara Suriamas Sdn Bhd, with 99.99MWac project in Selangor; Conextone Energy Sdn Bhd's 90MWac farm in Melaka; and a venture linked to Edra Power Holdings Sdn Bhd and Selangor state-linked Worldwide Holdings Bhd, with a 300MWac project in Selangor.
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho Jaks still having CGPP 30MW which is scheduled to be COD by end 2025 .
MIDF Research :
Sector Thematic | Tuesday, April 2, 2024
POWER UTILITIES Maintain NEUTRAL
LSS5 Takes Off
👉Risk of excessive competition. One of the key pain points in prior LSS programs was the excessive competition to supply
energy to a single buyer which has driven down returns to single-digit levels.
The CGPP (Corporate Green Power Program) model in our opinion is a more liberalized model allowing players to seek their own offtaker, thereby allowing better price discovery in the market. Having said that, we also take note of the fact that the CGPP are essentially exclusive arrangements between solar power producers and their offtaker that requires a fair allocation of grid upgrade costs (to accommodate morinjection of intermittent RE sources to the grid), which is currently absent. Once such fair cost allocations and third-party
access to the grid (TPA) are established, we believe a more liberalised model for large scale RE could be expected.
Posted by jjohnchew > 1 month ago | Report Abuse
21 OCT, 2024
Record-low prices expected for LSS5 as solar panels at their cheapest now
The Edge, Malaysia
BY A N D I N T A N A D A M F A R H A N A Z A I N U L
A Z I Z
programme, of which the winners
The fifth round of the large-scale solar
will be announced as early as No-
vember, received the lowest bidding
prices ever under the competitive
bidding programme that was first started
in 2016, sources say. The tender for LSS5
opened in April this year and closed in July.
This may not be surprising as the bidding
prices for each iteration of the LSS programme have been trending downwards over the years.
For the first LSS, the lowest bid submitted
in 2016 was 39 sen per kWh; for LSS2,in 2017, the lowest bid was 34 sen per kWh; and for LSS3, which was in 2019, it was 17 sen per kwH. For LSS4, the Energy Commission's (EC) annual report stated that the lowest
bid was 13.99 sen per kWh.
But, given what happened with LSS4,
news that LSS5 has received even lower
bids may raise some eyebrows.
W h e n the winners for LSS4 were an-
nounced in March 2021 — with the lowest
winning bid being 17.68 sen per kWh —
some industry observers had estimated that solar panel prices could drop further, to as low as 12 US cents (51.65 sen) per watt from around 20 US cents per watt during the bidding pe-riod. Some players put their bids in for LSS4 in anticipation of a further decline in solar panel prices, says the CEO of a solar developer.
However, what happened was an unex-
pected surge in panel prices due to supply
chain issues post-Covid, which led to some
solar developers being unable to complete
their projects within the stipulated time.
This led to the 30 winning bidders seeking
extra time to complete their LSS4 projects,
which the government granted by pushing
the commercial operation date for all LSS4
plants to Dec 31,2023 — the original COD
varies from mid-2023 to end-2023.The solar players were also given a four-year extension to their 21-year power purchase agreements withTenaga Nasional Bhd,the off-taker.
Now, the price of solar panels has dropped
again. "Solar panel prices have gone down
to eight US cents per watt, so if you work
it backwards, LSS5's bids would definitely
be lower than LSS4's bids," a person with
knowledge of the matter tells The Edge.
It is understood that the lowest bids
this round could be between 13 sen per
kWh and 16 sen per kWh.
"Over the last 10 years, the cost of solar
panels has been on a declining trend. But,
in 2022, the price of solar panels rebounded
due to supply chain issues and increasing
demand, especially from China," Samaiden
Group Bhd group managing director Datuk
Chow Pui Hee tells The Edge.
That rebound has now been reversed
due to oversupply and slower demand,es-
pecially from the US and Europe, she says.
"If the government announces the [win-
ners of the] LSS5 projects soon, it will be a
boon for the industry as players can take
advantage of the low solar panel price and a stronger ringgit against the US dollar. In the last LSS round, the winners were announced six months after the bidding process.There was a gap that saw the surge in demand for solar panels,which pushed up prices during that time," Chow explains.
The surge in panel prices at that time
affected financial modeling of solar projects,
making it difficult for companies to get a
financial close from the banks.
"Players must be careful in handling
price fluctuations that could impact cost
projection in a big way.A two-US-cent in-
crease from current levels results in a 20%
price increase [in their costs]," warns Ma-
laysian Photovoltaic Industry Association
(MPIA) president Davis Chong.
Having said that, Chong reckons that
the industry has learnt its lesson under
LSS4, which experienced the sudden spike
in solar panel prices.
Posted by Sslee > 1 month ago | Report Abuse
Jaks 50MW LSS4
>QR ended Dec 2023 :
👉Revenue: 4.3 Million , Loss before tax RM 0.30 Million … -6.98 %
>QR ended March 2024 :
👉Revenue: 5.3 Million , Profit before tax RM 0.96 Million … 18.11 %
>QR ended June 2024 :
👉 Revenue : 4.8 million, Profit before RM 0.4 million.. 8.33 %
>QR ended September 2024 :
👉 Revenue : 4.7 million, Profit before tax RM 0.3 million.. 6.38 %
So Jaks 50MW LSS4 can't even earned enough to pay the bank borrowing of over RM 200 million.
Coming quarter ended Dec 2024 will be loss making due to too many raining days?
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho u r referring to yr Insas WC bought at ard RM 0.25 ke …Current Price is RM 0.145 … EX price RM 0.90 …. Insas current price RM 0.915 …
KonLee To be or Not To be EX … Shl become Toilet Paper le !🤣
Jaks Insiders oredi Loss in RI issued in WB only since 2018 …. and RI with WC since 2020!…
Do you think Jaks insiders don’t want to harvest ke by 2025 !
BTW I do not hold any Jaks WC .
—-
Posted by Sslee > 11 hours ago | Report Abuse
Haha Jaks-WC come 18/11/2025 expired as toilet paper.
Posted by jjohnchew > 1 month ago | Report Abuse
B) Please explain why the revenue
generated by the 50MW solar
photovoltaic plant in FY2023 was
insufficient to cover depreciation
charges and interest expenses.
Did the revenue generated in
FY2023 meet the Board's
expectations?
B) The financial performance for our 50MW solar PV
asset in FY2023 is within expectations due to the
following:-
➢ The LSS4 plant achieved commercial
operations date in August 2023, thus
operating for about four months in
FY2023. This was during the monsoon
season whereby heavy rains affected the
power generation. However, it incurred 6 –
7 months of depreciation and finance costs
which included 2 months of testing and
commissioning period, per required by the
accounting standards. This combination of
events resulted in a loss for FY2023.
Notwithstanding this, we envisage that the
plant will contribute positively to the Group moving forward.
—-
Posted by Sslee > 1 hour ago | Report Abuse
Jaks 50MW LSS4
>QR ended Dec 2023 :
👉Revenue: 4.3 Million , Loss before tax RM 0.30 Million … -6.98 %
>QR ended March 2024 :
👉Revenue: 5.3 Million , Profit before tax RM 0.96 Million … 18.11 %
>QR ended June 2024 :
👉 Revenue : 4.8 million, Profit before RM 0.4 million.. 8.33 %
>QR ended September 2024 :
👉 Revenue : 4.7 million, Profit before tax RM 0.3 million.. 6.38 %
So Jaks 50MW LSS4 can't even earned enough to pay the bank borrowing of over RM 200 million.
Coming quarter ended Dec 2024 will be loss making due to too many raining days?
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho no worries… FY2024 oredi 3 Quarterly Reports with total Net Profit RM 43.4 million .
If can sustain as FY2021 n FY2022 Net Profit over RM 51 million..( Note : Vietnam JV Power Plant is fully COD on January 2021 ) .
>>> FY2024 EPS shl be 1.96 sen with PE Sector Median 21.5 … Forward Price shl be RM 0.42 ( current NTA RM 0.60 )
👉 Question : Jaks FY2023 Net Profit is RM 15.5 million… FY2024 Net Profit can be RM 51 million ( Total 3 QR = RM 43.4 million) ??? >
Position sign observations:
1.) 6 years Legal Battle against Star on RM 1.1 billion Pacific Star Towers project is settled out of court on November 2024 .
FY2023 Annual Report:
> Trade Receivables
Third Parties RM 147.6 million
Retention Sum RM 134.4 million
>> the Retention Sum is for the RM 1.1 billion Pacific Star Towers Project .
2.) As of 31 May 2024, the outstanding order book amounts to RM68.8 million, last until end 2024 , encompassing six projects located in the Klang Valley, Sarawak, and Penang.
These projects primarily consist of water / sewerage infrastructure and road/building infrastructure, with the majority being public sector initiatives.
3.) the occupancy rate at Pacific Towers
Business Hub improved from 35% in FY2022 to 54% in FY2023, while Evolve Concept Mall saw an increase from 59% in FY2022 to 75% in FY2023.
4.) Current tender book exceeds RM4.0
billion, covering water and sewerage systems, flood mitigation projects in multiple states….
👉 as well as EPC roles for our renewable energy projects. ( Note : if LSS5 2000 MW EPCC tender bid is with Low / Single Digit IRR … better do EPC on construction of the Solar Plant/ Farm like Solarvest in LSS4 , EPCC and EPC from those Winners not in the Renewable Energy industry.
👉👉 Hoho no wander Solarvest , Sunview and Gading Kencana not in the LSS5 2000 MW Shortlisted list also . ( LSS4 823 MW ) .
Posted by Huangbk72 > 1 month ago | Report Abuse
LOL.. financially illiterate Miketikus doing gibberish again. 🤣
Just post last 3 years FCF will you? 😁
Just post last 3 years PP/RI 😁
Posted by jjohnchew > 1 month ago | Report Abuse
LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).
1.) QR ended March 2024 :
👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%
2.) QR ended June 2024 :
Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %
3.) QR ended September 2024 :
👉 Revenue : 4.7 million, Profit RM 0.3 million.. 6.38 %
👉👉 Average Profit % for 9 months of 2024 is 10.94 %
👉👉 Average Profit % for Half year 2024 is 13.22 % … compared to Yinson Half year ( February to July 2024 ) FY2025 is 13.85 % ( RE in India )
Posted by Huangbk72 > 1 month ago | Report Abuse
LOL.. miketikus getting anxious that Jaks didn’t get LSS5 work? 🤣
Definitely karma punishment
Jaks is making so little profit from LSS4 to date. Yet Miketikus don’t know how to read financials
Hint: after deduct bank loans principal and interest. Go calculate 😉
Posted by Sslee > 1 month ago | Report Abuse
Last year Q4 the impairment loss on goodwill and receivables of RM23.5 million and RM32.9 million respectively.
This year luckily no more goodwill to impair but plenty of receivables to impair.
30/9/2024: 30/9/2023
RM'000: RM '000
Contract assets 88,513 : 102,030
Trade and Other Receivables 397,921 : 417,625
Amount due from Joint Venture 10,291 : 10,291
Posted by Sslee > 1 month ago | Report Abuse
He can't even understand why JHDP report so much profit but pay only pity dividend.
Depreciation 25 years but term loan 10 years.
So only come back and have a second look at jaks in year 2030.
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho Jaks Financial Reports is adhered to IFRS … where as Yinson is Not adhered to IFRS but said shl adhered to IFRS starting next FY .
>>> Yinson Total Assets :
Hoho interesting le … Q to Q is Reduced by RM 1,323 million !!! 😱😱😱
QR October 2024 : 30,075 million
QR July 2024. : 31,398 million
Posted by Sslee > 1 month ago | Report Abuse
By the way since when jaks current tender book exceeds RM4.0billion, covering water and sewerage systems, flood mitigation projects in multiple states….
Anyway the more job jaks carry out the more losses.
Posted by Sslee > 1 month ago | Report Abuse
Profit / (Loss) Before Tax
Segment
Current Year Quarter Ended 30/9/2024 RM’000
Preceding Year Quarter Ended 30/9/2023 RM’000
Changes %
Current Year To-date Ended 30/9/2024 RM’000
Preceding Year To-date Ended 30/9/2023 RM’000
Changes %
Construction (7,418) (7,791) 5 (29,203) (20,910) (40)
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho what a KonLee why need to prolong Loans n Borrowings payments if can afford to be paid in 10 years….
What will be the accumulation of interest amount in 25 years !😱
Investment certificate
* JHDP shall be entitled to 10% tax rate for the full term of the project.
* JHDP shall be exempted from corporate income tax for 4 years and 5% tax rate for another 9 years from 1st year with taxable income or 4th year whichever is earlier.
—-
Posted by Sslee > 33 seconds ago | Report Abuse
He can't even understand why JHDP report so much profit but pay only pity dividend.
Depreciation 25 years but term loan 10 years.
So only come back and have a second look at jaks in year 2030.
—-
Posted by Sslee > 33 seconds ago | Report Abuse
He can't even understand why JHDP report so much profit but pay only pity dividend.
Depreciation 25 years but term loan 10 years.
So only come back and have a second look at jaks in year 2030.
Posted by jjohnchew > 1 month ago | Report Abuse
Jaks : repayment on Vietnam Power Plant Loans
Hoho 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 contract.
👉👉Observation 2 : Vietnam associate company JHDP had been paying Dividend from yearly is changed to Half year ( other than Share of Profit by Quarterly) :
2022 : Dividend RM 70 million
2023 : Dividend RM 27.4 million
June 2024 : Dividend RM 14.2 million
Posted by Sslee > 1 month ago | Report Abuse
Yinson adjust its foreign USD assets into RM every quarter ended
Yinson Total Assets :
QR October 2024 : 30,075 million
QR July 2024. : 31,398 million
Only jaks did not adjust it foreign JV assets into RM. But no worry the external auditor will know what to do come FYE 2024 finacial audit result.
Posted by Huangbk72 > 1 month ago | Report Abuse
LOL.. Miketikus tipu again and caught red handed.
Jaks wanted to go solo in Vietnam but no money
Jaks approached TNB but rejected
Jaks finally accepted lousy terms from CPECC
Since when Jaks had any say ? No one wants to marry Jaks as wife, only accepted as China concubine 🤣
Posted by jjohnchew > 3 minutes ago | Report Abuse
Hoho what a KonLee why need to prolong Loans n Borrowings payments if can afford to be paid in 10 years….
What will be the accumulation of interest amount in 25 years !😱
Posted by jjohnchew > 1 month ago | Report Abuse
B) Of the net impairment loss on
trade receivables and other
receivables totalling RM31.9
million in FY2023, how much was
attributable to the Construction
division? Please provide further
details on the projects involved
and the nature of the other
receivables that have been
impaired.
B) The impairment loss on trade receivables and other receivables recorded were mainly attributed
to the Construction Division, primarily due to local construction projects, including the Pacific Star PJ project.
The impairment computation is based on expected credit loss model in accordance to accounting standards after taking into consideration the
management's plan and action taken to recover the
trade receivables, other receivables and contract
assets at the date of the report. However, based on
the accounting standard, accounting policy (refer
to note 2(c) to the financial statements),
computation and objective evidence, the above
impairment is recognised to the current year P&L.
If subsequently the trade receivables, other
receivables and contract assets being recovered the impairment amount will be reversed.
—-
Posted by Sslee > 4 minutes ago | Report Abuse
Profit / (Loss) Before Tax
Segment
Current Year Quarter Ended 30/9/2024 RM’000
Preceding Year Quarter Ended 30/9/2023 RM’000
Changes %
Current Year To-date Ended 30/9/2024 RM’000
Preceding Year To-date Ended 30/9/2023 RM’000
Changes %
Construction (7,418) (7,791) 5 (29,203) (20,910) (40)
Posted by jjohnchew > 1 month ago | Report Abuse
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。
为确保整个项目能够圆满完成,CPECC承担全部责任完成电厂建设,包括如需要额外的资本。 JAKS在建设期间将获得项目的4.5455亿美元工程。而此工程也将由CPECC承包。实质上,JAKS肯定会在施工期间赚取大约4亿令吉。此利润将流回合资公司充当JAKS的股权资金。换句话说,JAKS只需要拨出2亿令吉来拥有电厂30%的股份。完成发电厂项目后,JAKS在3年内有权向CPECC以成本购买另外10%而拥有合资公司的40%股权。
CEO洪南坡在2011年下了一个胆大包天的赌注,在世界面对金融风暴时刻,啃下一个陌生领域而且需要庞大资金的巨大BOT模式燃煤电厂工程。当时越南高速经济成长造成严重电力短缺,以至越南政府颁发了多个发电厂工程。因为资金需求庞大,大型的燃煤电厂工程都以BOT模式颁发了给外资企业。当时便有3个类似燃煤电厂供外企竞标。Mong Duong燃煤电厂是颁发给美国的AES Corporation (51%), Posco Energy (30%) and China Investment Corporation (19%), 越南永新燃煤电厂一期BOT项目是由中国南方电网有限责任公司(55%)、中国电力国际有限公司(40%)和越南煤炭集团电力有限公司(5%)共同投资。而越南海阳燃煤电厂项目则颁给Jaks。CEO洪南坡被访问时表示去越南本意是寻找内行的水务工程,可机缘巧合发现越南严重缺电,所以竞标陌生的燃煤电厂工程。
可看到得标者个个都是几百亿市值,财力雄厚,经验丰富的跨国集团。何以势单力薄的Jaks也会得标 ?也许当时正处金融风暴而且项目多,竞标者少。
Jaks於2011年动工清理场地后便处于静态,前后换了2 个中国伙伴都因为无法得到任何银行资助而无法动工。2014年5月中越南海纠纷引发了一场“反华暴动”,中国冻结了对许多越南工程。Jaks已耗资2亿令吉。眼看将要泡汤。曾一度与TENAGA商讨合作,后来中国越南领袖互相拜访重新友好。中国大减钢铁产能而冻结燃煤产量导致煤电厂工程喊停。此举导致煤电公司出走寻找机会。又逢中国发起的一带一路计划给合格的项目得以融资。同时,越南政府也修改了政策以便项目的条例符合中资银行的严格融资条件。机缘巧合,天时地利,海阳燃煤电厂项目办妥了。
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho Jaks followed IFRS , where as Yinson did not follow IFRS …
>>> 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.
—-
Posted by Sslee > 24 minutes ago | Report Abuse
Yinson adjust its foreign USD assets into RM every quarter ended
Yinson Total Assets :
QR October 2024 : 30,075 million
QR July 2024. : 31,398 million
Only jaks did not adjust it foreign JV assets into RM. But no worry the external auditor will know what to do come FYE 2024 finacial audit result.
Posted by jjohnchew > 1 month ago | Report Abuse
马交所要求上市公司 采用IFRS永续披露标准
2024年12月23日
(吉隆坡23日讯)配合国家永续发展报告框架(NSRF)的推行,大马交易所修订了上市公司的永续报告框架要求,需采用IFRS永续披露标准。
一、展示公司过去三个财年的SROs绩效和进展的指标和目标,并以规定格式提供数据摘要;
https://www.enanyang.my/node/641911
Posted by jjohnchew > 1 month ago | Report Abuse
Posted by jjohnchew > 19 hours ago | Report Abuse
Hoho see posted earlier..Elimination here n there … due to Mati mati mau Operating Lease instead of Finance Lease …macam ini kepala pusing dan pening le … easily made mistakes le ….
Yinson :
QR ended July 2024 :
Segment information : RM million
> For the 6 months period ended July 2024 :
1.) Renewable : Gross Revenue 66 million- Elimination 1 million = 65 million
Results : + 9 million.
2.) Green Technology: Gross Revenue 26 million- Elimination 19 million = 7 million
Results: - 22 million
3.) Other Operations : Gross Revenue 459 million- Elimination 458 million = 1 million
Results: - 47 million
👉4.) FPSO Operations: Gross Revenue 2904 million- Elimination 1521 million = 1303 million
Results: + 810 million
Posted by jjohnchew > 1 month ago | Report Abuse
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..
Posted by Sslee > 1 month ago | Report Abuse
Aiyoyo someone still do not understand 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 is a clear sign of fraud, malpractice, impropriety and misconduct of insiders syphoning money to their related parties or own pocket.
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho backtrack for 3 years le … Yinson is chamloh ..
—
(吉隆坡23日讯)配合国家永续发展报告框架(NSRF)的推行,大马交易所修订了上市公司的永续报告框架要求,需采用IFRS永续披露标准。
一、展示公司过去三个财年的SROs绩效和进展的指标和目标,并以规定格式提供数据摘要;
Posted by Sslee > 1 month ago | Report Abuse
Typical Mike-tikus aka john-no ball punya blantant lie or misinformation only newbie will fall for it.
4.) Current tender book exceeds RM4.0
billion, covering water and sewerage systems, flood mitigation projects in multiple states….
👉 as well as EPC roles for our renewable energy projects. ( Note : if LSS5 2000 MW EPCC tender bid is with Low / Single Digit IRR … better do EPC on construction of the Solar Plant/ Farm like Solarvest in LSS4 , EPCC and EPC from those Winners not in the Renewable Energy industry
Posted by Sslee > 1 month ago | Report Abuse
The figures and facts about jaks:
Jaks has no money to tender nor carry out any projects.
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
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho u meant Jtiasa ke , Just one FY24 :
👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔
—
Posted by Sslee > 4 minutes ago | Report Abuse
Aiyoyo someone still do not understand 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 is a clear sign of fraud, malpractice, impropriety and misconduct of insiders syphoning money to their related parties or own pocket.
Posted by jjohnchew > 1 month ago | Report Abuse
Jtiasa
Repost : Hoho this is worrying.. esp FY 2024 :
Total Assets is reduced:
2019 : RM 2406 million
2023 : RM 1955 million ( - 451 million )
2024 : RM 1979 million ( + 24 million )
👉👉Is reduced by RM 427 million from 2019 to 2024 , ie : over 5 years .
👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔
>>> New CEO is appointed on July 2021 internally from RH group !
Prior to his appointment as CEO, Dato’ Jin was the Chief Operations Officer of
Rimbunan Hijau Group based in Sibu Headquarter since 2019. 👉 He became the Chief Executive Officer of Rimbunan Sawit Berhad from July 2015 until the end of 2018.
Direct % : 0.013 as on 22/9/2024
Posted by jjohnchew > 1 month 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
> September 2024 = 980,252,000
Posted by Sslee > 1 month ago | Report Abuse
Another typical Mike-tikus aka john-no ball punya blantant lie or misinformation about Jaya Tiasa
Repost
2024 RM’000
2023 RM’000
2022 RM’000
2021 RM’000
2020 RM’000
Equity Attributable to Equity Holders 1,472,781 1,379,011 1,270,930 1,140,200 1,109,847
Net Assets Per Share Attributable to Equity Holders (RM) 1.52 1.42 1.31 1.18 1.15
Only dumbass talk about total assets without the total liabilities.
Know what is net assets/Equity Attributable to Equity Holders?
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho Jtiasa chamloh … why Rsawit keep Disposed plantation assets on 2020 and 2023 ..
👉 He became the Chief Executive Officer of Rimbunan Sawit Berhad from July 2015 until the end of 2018.
Posted by jjohnchew > 1 month ago | Report Abuse
Jtiasa vs SwkPlnt , Kimloong n SuburTiasa Total Assets:
Total Assets Summary illustration:
Jtiasa : 👉👉Is Reduced by RM 427 million from FY 2019 to 2024 , ie : over 5 years .
SwkPlnt: 👉👉Is Increased by RM 101.3 million from FY 2018 to 2023 , ie : over 5 years .
Kimloong: 👉👉Is Increased by RM 274.1 million from FY 2019 to 2024 , ie : over 5 years .
SuburTiasa : 👉👉Is Increased by RM 31.9 million from FY 2019 to 2024 , ie : over 5 years . ( note : under same RH Group with Jtiasa)
>>>>>>
Jtiasa :
>>> Recap some hidden risks :
1.) Total Assets is reduced :
FY2019 : RM 2406 million
2023 : RM 1955 million ( - 451 million )
2024 : RM 1979 million ( + 24 million )
👉👉Is reduced by RM 427 million from FY 2019 to 2024 , ie : over 5 years .
2.) FY24 : Impairment of Total RM 151.2 million!😱🤔
👉👉👉QR September 2024 : RM 1969.6 million
3.) >>> New CEO is appointed on July 2021 internally from RH group !
Prior to his appointment as CEO, Dato’ Jin was the Chief Operations Officer of
Rimbunan Hijau Group based in Sibu Headquarter since 2019. 👉 He became the Chief Executive Officer of Rimbunan Sawit Berhad from July 2015 until the end of 2018.
Direct % : 0.013 as on 22/9/2024
4.) FY25 FFB output : Oct-Nov 2024 vs Oct-Nov 2023
2024 Nov : 88,953 ( less 22.17 % vs 2023 Nov )
2024 Oct : 110,504 ( less 16.63 % vs 2023 Oct )
>>> Compared to Sarawak Plantation :
FY2018 : RM 854.7 million ( Liabilities: RM 319 million)
2023 : RM 956 million ( Liabilities: RM 213.3 million)
👉👉Is Increased by RM 101.3 million from FY 2018 to 2023 , ie : over 5 years .
👉👉👉 QR March 2024 : RM 964.8 million ( Liabilities: RM 203 million) .
>>> Compared to Kimloong Plantation :
2019 July : RM 996.2 million ( Liabilities: RM 172.3 million)
2024 July : RM 1270.3 million ( Liabilities: RM 249.2 million)
👉👉Is Increased by RM 274.1 million from FY 2019 to 2024 , ie : over 5 years .
>>> Compared to SuburTiasa Plantation :
2019 October : RM 1454.4 million ( Liabilities: RM 894.9 million)
2024 September: RM 1486.3 million ( Liabilities: RM 841.6 million)
👉👉Is Increased by RM 31.9 million from FY 2019 to 2024 , ie : over 5 years .
Posted by jjohnchew > 1 month ago | Report Abuse
Hoho KonLee is this meant Jtiasa masuk pocket ke ??? 🤣🤣🤣🤔
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MrFox
1,426 posts
Posted by MrFox > 1 month ago | Report Abuse
Hoho no worries la … as posted in YTLpower.. price shl not be up above RM 4.60 again …
worri for what when u have no ytlp!!
Maybe u worri about jaks to 0.10?
haha