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….
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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 ..
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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.
Jaks had intention to monetise another 2 Property Division 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.
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.
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 ) .
Hoho Jaks is much much better than Je-Die promoted Lambo ( since 2020 until October 2024 is Delisted… Yinson : high Debt high risk , FPSO Atlanta First Oil is Delayed from May 2024 to August 2024 to end November 2024 , still No Update !😱😱😱
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Posted by JediMaster1 > 10 hours ago | Report Abuse
Miketikus aka John No matter how you twist Jaks still is the trash stock no body will believe what your junk story 你只是在自己說自己爽吧了 ! 😂😂😂
Hoho , these r the famous twisting wordings from kon alibaba / scenery / Jedi1985/ JediMaster ( during he is posting non facts n figures in my Case Study forum , like Ularsawa / DragonSlayer ).
- no time to entertain you - no time to sleep - no time to see other ppl posts
- cute n funny - cannot think properly - act like kid
- said cut win Lambo in netx ... n won 500 % ... posted in Lambo on 3/8/2020 , price 5 sen , up to 8 sen on 12/8 , then down to 5 sen in a week ... so cute n funny still cry papa cry mama chasing Kon actor Ular grandma for making him lost....haha what a kid ke !!!
- Scenery 1st post in Netx is on 26/9/2020 .. where as Con artist callvin is not posting / seldom posting in netx starting Oct 2020 .. as Kon artist ssleee kon gang Victoryong aka Probability n Good123 start posting on 3/10/2020 ...
After is exposed kon alibaba .. scenery get mad n started barkking :
- He is defending kon alibaba saying kon is promoted at 1 sen ...
- how he knew kon alibaba is promoted at 1 sen as kon alibaba had deleted all his posts in Lambo . Kon alibaba 1 st post in i3 is on 2/7/2020 in Pegasus ..Scenery 1st post in i3 is on 3/8/2020 ...
- Twisting that kon alibaba posts r being flag post removed then being deleted ... all ke ? If so good promoted at 1 sen , sure will have some posts r not being flag post removed .. just a lie..
- On the day i queried Scenery .. Kon alibaba is posted in Zelan ( based on bet list ) together with new id actors.
Hoho read thru his posting , before posting in Netx , his character is totally different .. even saying ppl in i3 is not smart ....
>> haha wat a kid cute n funny accusation ... calvin other half is sandrakkc / polycarb..
scenery Kon Mike, U see, this witchliar/ular/dragonslayer alwasy prove me right, whenever I said calvin conman, she sure turn out n bark for her calvin kor kor.
She get into trouble also bec ppl said she is calvin's cousin when she wanted to be her lover. 29/03/2021 3:14 PM
Haha now accuse Konactor Ular is bribe or threat Lee9fold for not posting .. r u mentally stress .. go see a doctor ...
——
As said this case study is for sharing ond gain info to improve our investing skills n knowledge and to expose Kon n Actor :
Do own homework , own analysis , Own Decisions as only you know your risk level ..
Decisions is changing upon New information, New facts n figures…
If you cannot withstand mentally stress , better dont touch ...
Nothing to worry about at the current price level if compared to NAPS 0f 60 sen as per latest quarter. On top Jaks has a sizeable ownership of a large IPP in Vietnam and solar farms too.
Hoho Mr Kyy oredi Trapped in Jtiasa when he sailang all his investing Fund in Jtiasa .. pushed Up from RM 1.42 to RM 1.53 … the Last Pushed Up to RM 1.53 is from Volume 4 Million to above 15 million shares …
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Posted by ks55 > 2 hours ago | Report Abuse
Jaks is dead without DK. Jaks cannot recover because of ALP. Jaks won't see sun with no KYY around.
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.
Hoho KonFoxy aka Demusang aka 123theman aka Musang King aka stockgal, Loss Naked in Fintec …Best in Twisting without facts n figures …will delete own posts….beware ..
Hoho no wander lo .. FoxyLadyy
MrFox MrFox | Joined since 2019-02-13
musangfoxking musangfoxking | Joined since 2014-09-10
stockgal fatfat | Joined since 2012-10-16
Hoho KonFoxy loss naked in Fintec >>> Netx — Fintec( mother ) — Adamas HK stock / Nasdaq ( Grandma , Loss in HK Well known restaurant bond n a China mines company bond ).
“ Words of Wisdom “ 🤥🤣🤣🤣
Fintec >>>
2017 : share consolidation 3 into 1
2017 : RI
Nov 2020 : RI at RM 0.08
Apr 2024 : share consolidation 30 into 1
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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 > 1 week ago | Report Abuse
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.