before right share 1. power plant net profit RM 200m will EPS = 30sen 2. share price trading before right is around RM 1.20 3. PE 10x will give target price RM 3.00, upside potential 150%
after right share 1. power plant net profit RM 200m will give EPS = 11.5sen 2. share price trading now around 5 share x 87sen, cum 8 right x 22sen = 47sen 3. PE 10x will give target price RM 1.15, upside potential 145%
Therefore, in conclusion, shareholder are enjoying similar potential gain upside before and after right by peg to same power plant earning, and same valuation PE 10x,
Remark: shareholder now is even can enjoy much higher profit if take into account 4 free warrant after right.
The ranking of benefit cost among 4 type of shareholder
1. New comer intend to buy jaks at 87sen now + full subscribe right at 22sen + free warrant
2. shareholder bought before right announcement at cost RM 1.20 + intend to buy more at 87sen to average down cost + full subscribe right 22 sen + free warrant
3. shareholder bought before right announcement at cost RM 1.20, subscribe on right + free warrant
4. shareholder bought before right announcement at cost RM 1.20, opt to sell part of the holding at 87sen to subscribe right + free warrant
Sorry to make you troublesome here , so it mean good for us to buy the this 外加股? but once buy after right issue , our main share [ mother share } will dropped ?
So for me fresh investor here , worth to buy for this right issue ?
if buy how to proceed ? waiting the company send us any form or what?
or on line buy ? waiting you to reply soon.tq so much
Feli1305, i3 public forum is not a very pleasant place. That is why I moved to private chat group to avoid unreasonable attacks. If you want more information, you may request to join the chat group.
total average for 2 day accumulation cost around 87sen, will full subscribe right later at 22sen, further average cost down to 47sen + entitle full free warrant.
Based on full enlarge after right
1. power plant net profit RM 200m will give EPS = 11.5sen 2. share price average cost 47sen, PE trade at 4x 3. Fair PE 10x will give target price RM 1.15, upside potential 145% 4. Free warrant will give extra profit with fair trading premium 30% once listed
Now investing in jaks, the risks are minimal and upside is extraordinary with power plant cod is imminent and they are exiting stupid Star Tower property development business.
This RM 200m is not inclusive of additional 10% stake of power plant.
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hng33 before right share 1. power plant net profit RM 200m will EPS = 30sen 2. share price trading before right is around RM 1.20 3. PE 10x will give target price RM 3.00, upside potential 150%
after right share 1. power plant net profit RM 200m will give EPS = 11.5sen 2. share price trading now around 5 share x 87sen, cum 8 right x 22sen = 47sen 3. PE 10x will give target price RM 1.15, upside potential 145%
Therefore, in conclusion, shareholder are enjoying similar potential gain upside before and after right by peg to same power plant earning, and same valuation PE 10x,
Remark: shareholder now is even can enjoy much higher profit if take into account 4 free warrant after right.
1. Jaks already divest its loss making property development, trim its 51% stake to nil, therefore de-consolidate and recoup back about RM 71m profit to be reflected in upcoming Q result.
2. Jaks property investment properties in Evolve mall have reach breakeven occupancy rate 81%, therefore, eliminate loss making business
3. However, Jaks newly open Star pacific mall still at infancy stage with occupancy rate 60%. But, judging from strategy location in Pj16, the rental rate should be better than evolve mall, allowing breakeven to be achieved faster.
4. The Key point now is focus on Vietnam to be commecial operation by these month. Oct. and unit 2 in early next year. Revenue RM 2.6 billion pa, net profit margin 25%, tax free, will give jaks share of profit RM 200m net
5. All court, jaks is now trading at forward 4x PE valuation based on enlarge share after right
The major key of course is power plant, RM 200m net profit, EPS 11.5sen, steady deliver every year for next 25 year will give fair valuation at least 10x, target price RM 1.15 + in money free warrant which have exercise price 49sen
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....
TamanOrkid
22 posts
Posted by TamanOrkid > 2020-10-17 21:30 | Report Abuse
If 4 boilers is being tested means the unit 1 & unit 2 will generated electricity on same times.