Another typical Mike-tikus aka john-no ball slander or pluck figures from thin air and when challenge to prove his figures untill now still no ball to answer
👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔
Mike-tikus aka john-no ball can you prove below figures about jaks tender book or this is another of your blantant lie or misinformation?
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 as usual KonLee used his Kon maths extraction raw data but did not read thru AGM minutes… his Kon maths extraction method is oredi 2 times Wrong …
—
Posted by Sslee > 2 minutes ago | Report Abuse
Mike-tikus aka john-no ball can you prove below figures about jaks tender book or this is another of your blantant lie or misinformation?
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
During my PA case study on 2021 .. KonLee asked why Labour expenses is increased during Production capacity expansion ? I had laughed at him ard 2 years, then he twisted to Capex ! What a TinKosong kongang leader !🤣🤣🤣
Solarvest bags RM154m worth of contracts under LSS4 10 Mar 2022,
KUALA LUMPUR (March 10): Clean energy specialist Solarvest Holdings Bhd has bagged three engineering, procurement, construction, and commissioning (EPCC) contracts worth a combined RM154.4 million to develop large-scale solar photovoltaic plants in Perak under the large-scale solar 4 (LSS4) scheme.
The three Perak-based projects will have an accumulated capacity of 40 megawatts (MW), said Solarvest.
In a bourse filing on Thursday (March 10), Solarvest said one of the projects was awarded by Teja 1 Sdn Bhd, with a capacity of 15MW and valued at RM54.4 million. It will be developed in Kampar and is expected to be commercially operational by Dec 14, 2022.
The second project, which will also be developed in Kampar, was awarded by Teja 2 Sdn Bhd, with a capacity of 10MW and valued at RM42.8 million, and is expected to be commercially operational by June 14, 2023.
The third project, awarded by Kellie Energy Sdn Bhd, will have a capacity of 15MW and is valued at RM57.2 million. It will be developed in Kinta and is expected to reach commercial operations by Dec 14.
All three projects were awarded by Taiping Solar Sdn Bhd via its special purpose vehicles — Teja 1, Teja 2 and Kellie Energy — to Solarvest’s wholly-owned subsidiary Atlantic Blue Sdn Bhd, the filing showed.
Hoho as usual a Kon is best in Pretending n Twisting shamelessly… just shown he is not understand Labour Expenses n Capex ! 🤣🤣🤣
Posted by jjohnchew > 19 minutes ago | Report Abuse
Hoho also what a Dumbasx jokker konLe le :
During my PA case study on 2021 .. KonLee asked why Labour expenses is increased during Production capacity expansion ? I had laughed at him ard 2 years, then he twisted to Capex ! What a TinKosong kongang leader !🤣🤣🤣
—-
Posted by Sslee > 11 minutes ago | Report Abuse
Cave man talk about using labour to expand capacity LOL. He never heard of increase capacity by automation and new mechinery.
As of what happen to his balls? You can challege him anything and he will back off
Posted by MrFox > Dec 27, 2024 10:26 AM | Report Abuse hoho...what happen to the balls?
Aiyoyo Miketikus. Fact check you and you fail again
Jaks has 4B tender order ? Figures plucked again from your hole? 🤣🤣
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 as usual KonLee used his Kon maths extraction raw data but did not read thru AGM minutes… his Kon maths extraction method is oredi 2 times Wrong …
Hoho Haha as usual when ask to prove his figures and facts Mike-tikus aka john-no ball will just shy away or twists and turns with more slanders and misinformations
Jaks 4.) Current tender book exceeds RM4.0 billion, covering water and sewerage systems, flood mitigation projects in multiple states….
Jayatiasa 👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔
Hoho as usual KonLee used his Kon maths extraction raw data but did not read thru AGM minutes… his Kon maths extraction method is oredi 2 times Wrong …
—- Posted by Sslee > 1 hour ago | Report Abuse
Hoho Haha as usual when ask to prove his figures and facts Mike-tikus aka john-no ball will just shy away or twists and turns with more slanders and misinformations
Jaks 4.) Current tender book exceeds RM4.0 billion, covering water and sewerage systems, flood mitigation projects in multiple states….
Jayatiasa 👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔I
Hoho interesting lo , what is the ROI of the Vietnam JV Power Plant 1200 MW which is COD on January 2021 with BOT 25 years contract:
1.) Started Construction on October 2016 with 30 % share , cost is RM 600 million ( Cash RM 200 million , another RM 400 million from the Power Plant EPC2 construction contract Profit , So actual Cost is RM 200 million ) .
2.) Total Profit ( Share of Profit n Dividend + EPC2 Profit ) as at September 2024 = RM 633.3 m + RM 400 = RM 1033.3 million
👉 ROI = 1033.3 / 200 = 516 %
👉👉ROI from October 2016 to September 2024 , ie 8 years with 516 %
👉👉👉 ROI for BOT 25 years contract until 2046 shl be ???? % …👍👍👍🤔
Posted by jjohnchew > 3 minutes ago | Report Abuse
Hoho KonLee yr TinKosongkonPetHuangbk repeatly said my Gearing Ratio calculation is Wrong .. but she cannot provide facts n figures le as usual le TinKosong …. ask her to refer Yinson Group CFO in his Financial Review le .. u r the TinKosongLeader le …🤣🤣🤣🤔
Hoho KonLee still Twisting ke … ROI of Vietnam Power Plant twisting to investors ROI in Jaks 5 years ago ….
Hoho need to repost again as earlier had replied to KonLee as most active Negative commentator in Jaks :
Jaks : catched the Bottom Fishing at RM 0.185 on April 2023 ( 👉 after Sslleee posted sold Jaks on April 2023 since 2021 ) ... 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 …
👉Then Price is downtrend to the Lowest RM 0.12 ( Current Price RM 0.13 with NTA 0.60 )….
Ssleee asked me did I average down Jaks :
My reply :
1.) No .. but bought Privasia with cost below RM 0.10 .. n tried my learned TA on Cup n Handle affirmed with Information of a Gov Project , also Privasia rushing to List the 3 tranche PP … it did broke up to RM 0.14 …ssleee is active in Privasia forum also .
2.) posted earlier that wait for Jaks QR ended March 2024 to be released, as Vietnam has taken actions on 2 well known Businessmen ( One man n One Lady ) on Corruption… not from Power industry!
Just coincidentally : Toyo Ventures Vietnam power project terminated >>> is due to Financing issue ( 2 x 1,060 MW) . Friday, 05 Jul 20
— Posted by Sslee > 16 hours ago | Report Abuse
If you invested in jaks 5 years ago your ROI will be a very big negative.
Someone invested in jaks more than a year and half ago also lose his pants.
👉👉No wander FCF Yield is only 1.71% … paid Borrowings n Interest…
Posted by jjohnchew > 14 minutes ago | Report Abuse
Hoho copied n pasted from Yinson:
Posted by jjohnchew > 3 minutes ago | Report Abuse
Hoho KonLee yr TinKosongkonPetHuangbk repeatly said my Gearing Ratio calculation is Wrong .. but she cannot provide facts n figures le as usual le TinKosong …. ask her to refer Yinson Group CFO in his Financial Review le .. u r the TinKosongLeader le …🤣🤣🤣🤔
Hoho interesting lo .. let’s see what is the ROI of LSS4 50MW project in Penang , which is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ) , ie until 2048.
A.) Cost is RM 200 million…
B.) Return:
1.) QR ended September 2023 :
Revenue : 3.3 Million , Loss ( RM 1.4 Million)
2.) QR ended March 2024 :
👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%
Revenue = RM 18.1 million Profit = RM 0.26 million
Assumption : QR ended September 2023 :
Instead of Loss ( RM 1.4 Million) , assumed is Zero Loss n Profit:
> Revenue = RM 18.1 million Profit = RM 1.66 million ( 9.17 % )
( Note : shd be Net Profit after interest, taxes, and DA .
👉 ROI on LSS4 50MW for 1 year = 0.83 % ( Note : Jaks is the 100 % Asset owner included freehold Land … Loans is RM 220 million) .
Case study: JAKS Solar Nibong Tebal’s multilateral financing facility
By Marlena Kareem January 31, 2023
JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).
👉👉 No wander Analyst said since LSS1 to LSS3 , LSS4 tender rate is the most competitive n getting Lower … the IRR is expected to be Low Single Digit.
👉👉👉 Jaks still need LSS4 50MW project as it shl provide recurring “ Revenue “ n minor Profit over 25 years .
LSS5 2000 MW EPCC RM 7.2 billion….Tender is even more competitive.. bid rate is even Lower than LSS4 …better opt for EPC construction contract from the Winners as What Solarvest did in LSS4 .
The LSS5 2000 MW shortlisted companies did not included Jaks , Solarvest, Gading Kencana and Sunview .
Hoho as said Gameplay’s in Solar RE industry is different liaw …better do EPC construction contract liaw …
👉 TNB among LSS5 winners, bags 500MW solar farm project in Kedah By theedge 26 Dec 2024, 06:27 pm
Aside from the highly sought after LSS awards, the government last year also announced efforts to support the development of solar parks in the country under the National Energy Transition Roadmap (NETR).
This is led by TNB, via five 100MW solar parks in different locations in the country, and another 1GW under Khazanah Nasional Bhd through UEM Group.
Hoho analyst only said LSS4 tender rate is very competitive… IRR is expected in Low Single Digit … if is 5% … then payback period is 20 years .
No wander Jaks , Solarvest , Gading Kencana and Sunview are Not in LSS5 shortlisted list .
These 4 companies are awarded CGPP Solar RE ard August 2023 which can sell RE electricity to other Corporate companies as offtaker ( Not only Sell to TNB ) and cross border….
—-
Posted by Sslee > 4 hours ago | Report Abuse
👉 ROI on LSS4 50MW for 1 year = 0.83 % ( Note : Jaks is the 100 % Asset owner included freehold Land … Loans is RM 220 million) .
Hoho earlier LSS4 winners are with TNB PPA for 21 years … due to pandemic effects n many winners ( not in RE industry) requested to Delay the dateline … Completion Dateline is extended to December 2023 … and PPA is extended from 21 years to 25 years …
Hoho just search below if LSS4 winners with IRR 8 % … ie payback period is between 12 to 13 years ..
—
Kenanga: Significant EPCC Contracts for CGPP and LSS5 Soon
edgeinvest Publish date: Wed, 02 Oct 2024, 09:57 AM KUALA LUMPUR (Oct 1): Kenanga Research expects more engineering, procurement, construction and commissioning (EPCC) contracts for renewable energy to be awarded as early as this month with a completion deadline by the end of 2025. In a note on Monday, the house observed a significant increase in order books mainly driven by EPCC jobs under the Corporate Green Power Programme (CGPP).
Based on the timeline, Kenanga believes that investors should focus on the 800MW Corporate Green Power Programme (CGPP) in 4Q2024, valued at RM2.4 billion, while the RM5 billion LSS5 EPCC contract awards are expected in 1Q2025.
These initiatives are expected to sustain sector growth throughout 2028, it added. "Based on our estimates, the 800MWp capacity under the CGPP will translate to RM2.4 billion solar EPCC jobs.
"Thereafter, the Energy Commission will embark on the 2GW LSS5, the largest LSS programme thus far, in four packages," said Kenanga.
The house noted that under LSS5, developers could bid up to 500MW (versus only 50MW previously) with operations scheduled to commence in 2026.
"We expect bidders to submit rates that are comparable to LSS4 (that is at a project internal rate of return (IRR) of 8%). We estimate that there will be at least RM5 billion worth of PV system EPCC jobs coming from the LSS5," it said. Kenanga maintained its overweight stance on the renewable energy sector, supported by the robust execution of initiatives and the increasing quota allocation, particularly in solar.
Hoho see Jaks CEO (Major shareholder) business acumen n determination:
1.) successfully steered Jaks diversified into Power Plant generation industry ( since 2011 with Vietnam agreement, only started construction of the JV Power Plant 1200 MW EPCC RM 8.7 billion on October 2016 … is COD on January 2021 , with recurring Income for 25 years until 2046 .
2.) successfully steered Jaks diversified into Solar RE industry:
a.) LSS4 50 MW in Penang is COD on August 2023 with recurring Revenue n Income for 25 years until 2048 .
Cost RM 200 million: financed by syndicated Loans RM 220 million ( Jaks as asset owner included the Freehold land ).
👉Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period) Cash line facility: On demand Bank guarantees: Up to two years (inclusive of claim period).
👉👉 LSS4 50 MW project investment capital is All finance by syndicated Loans .
Referred to Annual Report FYE2023 , Jaks had acquired 30 plots of Free Hold lands in Seberang Prai , Penang on 2019 .
LSS4 50 MW project is awarded on 2021 ,syndicated Loans RM 220 million is approved on March 2022 .
> Jaks sold 13 plots of Penang lands , Balance 17 plots as LSS4 50MW Solar farm .
👉👉👉 Jaks sold Penang 13 plots Free Hold Lands on 9/9/2024 , monetise the Lands with RM 77.74 million ( a net pro forma gain of RM50.38 million ) .
3.) awarded CGPP 30MW Solar RE project on August 2023 ( Consortium: Jaks 51 % , Ann Joo Green Energy Sdn. Bhd. and Fabulous Sunview Sdn. Bhd. ) …COD is expected by end 2025 .
CGPP winners can choose their end customers/ offtaker.. not only sell to TNB n cross border .
JAKS Group has a 51% stake in the Consortium. At present, the Consortium is undergoing the approval process to participate in Single Buyer’s New Enhanced Dispatch Arrangement (“NEDA”) programme.
The construction works for this project is expected to commence by end 2024 and scheduled for commercial operation by end 2025. (Page 15 of AR2023)
👉4.) Our 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.👍
We believe these projects will fill the pipeline and provide financial stability in the future.
Aiyoyo, Jaks with cash cow JHDP but still every year asking free money from investors and shareholders via PP and RI for working capital and loan repayment.
ALP sleeping on the job but still reward himself with million of LTIP free shares grant.
For sure ALP has business acumen in how to enrich himself at the expense of shareholders.
Know how much is the order book of jaks? You can search Bursa jaks annoucements for any tender won for the last two years.
Should shareholders hold ALP responsible, accountable and answerable for 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?
Hoho this is interesting lo .. Total Assets is keep reducing although with Profit yearly …
Worrying is on FY24 : Impairment of Total RM 151.2 million!😱🤔
1.) 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 .
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
FY24 : Impairment of Total RM 151.2 million!😱🤔
👉👉👉Posted by Sslee > 1 day 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.
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.
>>> 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 .
If GUH can take legal action to recover payment from jaks then just wonder why Jaks BOD never take any legal action to recover the receivables?
KUALA LUMPUR (July 3): GUH Holdings Bhd said its subsidiary has reached an out-of-court settlement with a unit of JAKS Resources Bhd and a construction firm over its payment claim for work undertaken as a sub-contractor.
Teknoserv had carried out the sub-contract work from July 2014 until December 2017 and during the extended contract period till August 2021, before bringing the sub-contract agreement to an end in July 2021 over alleged breaches.
In July 2022, Teknoserv served its payment claim for RM22.64 million and thereafter referred the dispute for adjudication against JAKS-KACC JV pursuant to the Construction Industry Payment & Adjudication Act 2012. Teknoserv was awarded an adjudication sum of RM11.49 million plus interests, costs and the adjudicator’s fees.
JAKS Resources subsequently filed an application to stay and set aside the adjudication decision.
In a filing on Monday (July 3), GUH said Teknoserv and JAKS-KACC JV have now agreed to settle amicably, all claims and disputes.
Under the settlement, JAKS-KACC JV is to pay Teknoserv RM9.07 million via seven instalments by Dec 31, 2023.
GUH said it agreed to the out-of-court settlement, as continuing the legal dispute is costly and time-consuming.
“The board made a commercial decision to accept the settlement, as it would enable the company and/or Teknoserv to focus its time and attention on its business operations,” it added.
Do you need to be concerned how much of RM89,461,350 trade receivables past due will be impaired come Q4 ended 31/12/2024?
As at 31 December 2023, trade receivables of the Group and of the Company RM89,461,350 and Nil (2022: RM87,320,551 and Nil) were past due but not impaired. These relate to a number of independent customers for whom there is no recent history of default.
The trade receivables of the Group and of the Company that are individually assessed to be impaired amounting to RM53,743,811 and RM8,772,286 (2022: RM24,226,559 and RM8,772,286) respectively, related to customers that are in financial difficulties and have defaulted on payments.
As at 31 December 2023, trade receivables of the Group and of the Company RM89,461,350 and Nil (2022: RM87,320,551 and Nil) were past due but not impaired. These relate to a number of independent customers for whom there is no recent history of default.
Posted by Sslee > 3 hours ago | Report Abuse
Do you need to be concerned how much of RM89,461,350 trade receivables past due will be impaired come Q4 ended 31/12/2024?
👉 As at 31 December 2023, trade receivables of the Group and of the Company RM89,461,350 and Nil (2022: RM87,320,551 and Nil) were past due but not impaired. These relate to a number of independent customers for whom there is no recent history of default.
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Posted by Sslee > 1 month ago | Report Abuse
Another typical Mike-tikus aka john-no ball slander or pluck figures from thin air and when challenge to prove his figures untill now still no ball to answer
👉👉👉 FY24 : Impairment of Total RM 151.2 million!😱🤔