Posted by firehawk > 2020-04-15 21:31 | Report Abuse

don't worry ... flucuation is traders best friend :D

Posted by amet2017 > 2020-04-15 21:34 | Report Abuse

This qr will not reflect the true impact for lockdown. Only next qr can start see. Probably will down lower than march bottom before recovery

Posted by Talib > 2020-04-15 21:55 | Report Abuse

0.9 tomorrow

Posted by leafwinner > 2020-04-15 22:50 | Report Abuse

Market expected bad result next Qr. So the worse already over.

Posted by johnmasino > 2020-04-16 00:28 | Report Abuse

DK66:- Checkout this video..awesome

https://www.youtube.com/watch?v=CkrNtbtFev4

Posted by SarifahSelinder > 2020-04-16 10:10 | Report Abuse

Satu lagi engineer taken a look

Engineer apa? Civil Chemical or Electrical?


Selain straight line method mcm mana sum of digits method?



johnswj90 DK66, thank you for your clarification which has cleared my queries and doubts. Really appreciate it. 
------------------- 
johnswj90, yes, the excess over the loan receivables repayment is taken up in the P/L as interest income. 

As payments are collected from the customer over the term of the contract, consideration related to the construction performance obligation is split between the repayment of loan receivables and interest income. You are right to determine the annual loan receivables repayment amount as simply the equal portion of the loan receivables over the concession period, i e straight line.

Posted by JJchan > 2020-04-16 10:57 | Report Abuse

Looks like Jaks is slowly moving away from Dow's influence (having a mind of its own) This is good, a goreng stock must be goreng stock. Anyway Dow no longer plunged 10% or even 5%,
it is fluctuating between 1.5--2.5% (even with all those Bad Quarter results coming out everyday )

Posted by JJchan > 2020-04-16 11:02 | Report Abuse

We should look at China stock market instead of Dow for Direction ( If IMF give Malaysia 9% growth in 2021, Bursa should Top somewhere in December 2020---like it or not ). Dow need another 6 months to breach 25,000 and to revisit this year high.

Posted by DK66 > 2020-04-16 12:01 | Report Abuse

Mong Duong II has taken advantage of the low interest regime to restructure its borrowings.

https://www.ifre.com/story/2173747/main-awards-winner-y7xqwk7n8c

Frontier Markets Issue: Mong Duong 2’s US$1.1bn refinancing
13 Dec 2019 12:00 IFR Asia Awards 2019 Daniel Stanton

New frontier

Asia’s debt markets reached another milestone in 2019 with the first international bond from a frontier market project.

AES-VCM Mong Duong Power (MDP), which operates the 1,120-megawatt coal-fired Mong Duong 2 plant in northern Vietnam, sold US$678.5m 9.8-year senior secured bonds through Mong Duong Finance Holdings. The bond amortises from the end of the fourth year and has a weighted average life of 6.9 years.

Alongside a US$485m syndicated loan, the deal refinanced MDP’s existing project debt at an attractive fixed coupon, improving returns for the sponsors and giving capital markets investors a rare chance to take exposure to Asian infrastructure.

There are relatively few project bonds in Asia, and there had been very little offshore supply from Vietnam to provide pricing benchmarks, with no sovereign issuance for the past five years. That meant a careful price discovery process was needed.

Pricing tightened from initial guidance of 5.625% area to final guidance of 5.25% area, plus or minus 12.5bp, before printing at 5.125%.

Even with that 50bp tightening, final orders were over US$2.75bn. The 144A/Reg S bond won over a diverse investor base, with the US taking 32% of the deal.

The project’s strong sponsor base undoubtedly helped win over investors. US power company AES ultimately owns 51% of MDP, South Korea’s Posco Energy 30% and sovereign wealth fund China Investment Corp 19%.

Still, as the first deal of its type from Vietnam, the issuer and bookrunners needed to convince investors of the strength of the guarantees and contracts associated with the bond.

MDP has a government guarantee on all payment obligations under a build-operate-transfer scheme, with the plant set to be transferred to the government after 25 years of operation. Its 25-year power purchase agreement with state-owned Vietnam Electricity runs until 2040, and state-owned miner Vinacomin has committed to supply coal to MDP at a regulated price for the life of the project.

To keep these protections in place and avoid lengthy renegotiations, proceeds from the bond and the new loan were used to buy MDP’s project loan from the existing lenders, rather than refinancing the existing loan.

There is a pledge of shares in MDF and security over its assets, but MDP itself does not guarantee the bond, as Vietnam places limits on the total dollar amount of debt that can be issued from the country.

Thanks to these structural features, the bonds earned ratings of Ba3/BB (Moody’s/Fitch), in line with the sovereign. Investors left satisfied, as the gained as much as half a point the following day, finishing IFR’s review period at 101.35.

Citigroup and HSBC led the refinancing as joint global coordinators on the bond and original mandated lead arrangers and bookrunners on the loan. SMBC and Standard Chartered were joint bookrunners and MLABs.

Posted by SarifahSelinder > 2020-04-16 12:27 | Report Abuse

Kat AGM Andy ada bilang Hai Duong IPP kan go for refinancing of its borrowings too

Posted by newbie8080 > 2020-04-16 12:29 | Report Abuse

Issuing USD bonds to restructure existing debts is a wise move in this low interest rate period.

The downside risk will be the currency depreciation against others.

The best is to be debt free and generating free cashflow.

Posted by DK66 > 2020-04-16 13:55 | Report Abuse

A 2% interest savings is roughly USD28m annually for the initial years, translating to additional share of profit of RM36m to RM48m to Jaks.

Posted by hng33 > 2020-04-16 14:41 | Report Abuse

bought back jaks-wb at 76-77sen

Posted by SarifahSelinder > 2020-04-16 14:46 | Report Abuse

Bukan lower interest cost jer it is oso a vote of confidence on Vietnam IPP on BOT

Posted by 2721 > 2020-04-16 14:51 | Report Abuse

will banker on duty today, let c the performance now on..gogogogo

Posted by hng33 > 2020-04-16 14:59 | Report Abuse

Leverage up, add all jaks-wb at 77sen

Posted by GGecko > 2020-04-16 15:03 | Report Abuse

Buy mom better, more sexy

Posted by osk4387 > 2020-04-16 16:42 | Report Abuse

When is the expected completion date , and operation date of Jaks Hai Duong power plant ?

Posted by Investor 999 > 2020-04-16 16:46 | Report Abuse

The power of unlimited fund!

Posted by 2721 > 2020-04-16 18:31 | Report Abuse

hng buy jor no sell? no scare kena trap o

Posted by SarifahSelinder > 2020-04-16 18:49 | Report Abuse

Again



Mong Duong 2

51% AES US giant co
30% Posco South Korea giant co
19% China Investment Corp

China Investment Corp 19% pun nak?

The project’s strong sponsor base undoubtedly helped win over investors. US power company AES ultimately owns 51% of MDP, South Korea’s Posco Energy 30% and sovereign wealth fund China Investment Corp 19%. 




Hai Duong IPP

70% CPECC China giant co
30% JAKS Malaysia very small co


JAKS Malaysia very small co wil hv 40% eventually more than South Korea Posco and China Investment Corp in a almost similar Vietnam IPP


Champion JAKS!!!!!!

Posted by 2721 > 2020-04-17 07:45 | Report Abuse

future up 800pts, jaks should b break 1.04 today...gogogo

Posted by SarifahSelinder > 2020-04-17 08:31 | Report Abuse

The reason for Dow futures rally is more important dan encouraging

Posted by WilburR2 > 2020-04-17 08:39 | Report Abuse

3 phases[stages] of reopening up US

Posted by Tyre220069 > 2020-04-17 08:43 | Report Abuse

Dow futures rally 700 points after report says Gilead drug showing effectiveness against coronavirus
PUBLISHED THU, APR 16 20205:13 PM EDT

Posted by WilburR2 > 2020-04-17 08:51 | Report Abuse

hot stocks scrambling for take off followed by laggards lol

Posted by OTB > 2020-04-17 09:00 | Report Abuse

Please do not post my article in I3.
I did not tell anyone to sell Jaks.
Not correct information here.
Thank you.

Posted by SarifahSelinder > 2020-04-17 09:25 | Report Abuse

Sell apabila JAKS Hai Duong IPP so close to COD ?

Posted by 2721 > 2020-04-17 09:35 | Report Abuse

dont hesitate, lets break 1.04

Posted by DK66 > 2020-04-17 09:45 | Report Abuse

Sarifah, many still do not have faith in JHDP. They do not believe in the earnings estimation. They look to market for confirmation. RM0.50 - incorrect, RM1.50 - Maybe, RM2.50 - Confirmed. So, they will probably buy at RM2.50.

Posted by 2721 > 2020-04-17 10:13 | Report Abuse

oh yeah..finally break 1.04, next challenge 1.12

Posted by Icon8888 > 2020-04-17 10:13 | Report Abuse

taking off, no look back already

penggoreng will buy whatever it can as market has officially bottomed

they will never see this level of valuation anymore

dumb dumb hold don't go in and out like a dog fxxking

Posted by 2721 > 2020-04-17 10:25 | Report Abuse

1.08 coming soon

Posted by Icon8888 > 2020-04-17 10:29 | Report Abuse

I am hoping for 2.00 by end of this year

Posted by pampers > 2020-04-17 10:38 | Report Abuse

the market correction will come again for sure, so does the Jaks, but I don't think it will drop back to $0.6x or even $0.7x.
Just DUMB DUMB HOLD.

Posted by leafwinner > 2020-04-17 10:39 | Report Abuse

I still remember one 仙家懒 ask us to hold until it drop to 40sen. Where is this 仙家懒？Luckily I manage to buy warrant average 50sen, will hold until it reach my 1st TP RM1.20.

Posted by Expertise > 2020-04-17 11:14 | Report Abuse

Bull coming

Posted by DK66 > 2020-04-17 11:36 | Report Abuse

I hate to say this again. Please do not come and ask me later if you can buy at 1.50.

The answer is "NO". If you do not wish to buy at RM1.00, why should you buy at RM1.50 ?

Posted by Invest_168 > 2020-04-17 11:53 | Report Abuse

JAKS now is trading at range of RM1.00-RM1.10. No more 99 sen discount price. The more you look see and no action, the more you suffer as you just can see it slowly but steadily move up and recover to previous level.

Posted by Invest_168 > 2020-04-17 12:18 | Report Abuse

Mad Dog Trump is trying to reproduce the V-shape rebound for US stock market like what happened @ 26 Dec 2018. The market up until you not believe....up up up, up until you not believe. The simplest way and most efficient way and the cheapest way is spread all kind of good news that there is vaccine or medicine for corona virus. ..

Posted by SarifahSelinder > 2020-04-17 12:20 | Report Abuse

Sarifah proudly berjiwa IPP unapologetic angkuh dan liar

Posted by SarifahSelinder > 2020-04-17 12:23 | Report Abuse

SMA200

Kelihatan selling at resistance dan jadi buying at support...

Posted by Invest_168 > 2020-04-17 12:30 | Report Abuse

I think nobody believe will be V-shape rebound, but damn it...it's happening in the market now...when drop, it drop until you cry father cry mother, when it up, it also up until you don't believe how this can happen....

Posted by 2721 > 2020-04-17 12:37 | Report Abuse

since mco, all body make love n money at home, so y don believe klci will keep up up up leh

Posted by Invest_168 > 2020-04-17 12:41 | Report Abuse

People said this is the shortest bear market in the histroy (US market)....24 Mac 2020 is the start of the rebound/reversal at US.

Posted by huahtai98 > 2020-04-17 13:10 | Report Abuse

The FED has realised that they can release unlimited US dollars into the sea of US-dollar consumers the world over and yet more Dollars is still keeping the Dollar in demand.....amituofo.

Posted by Expertise > 2020-04-17 13:40 | Report Abuse

Hopefully shortest bear market in history... V shape in the making haha

Posted by hng33 > 2020-04-17 15:32 | Report Abuse

sold back jaks-wb at 80-81.5sen

Posted by GGecko > 2020-04-17 15:41 | Report Abuse

Why doggy style and don't want to hold? Next week has more upside

Posted by GGecko > 2020-04-17 15:52 | Report Abuse

Contracts on the Dow Jones Industrial Average rose by as much as 920 points Thursday evening. (NY time). At its highest point, the futures contract was valued at 24,327.00. By comparison, the Dow Jones index closed at 23,537.68 in New York trading, up 33.33 points, or 0.1%, on the day. -- CNN.com