JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.14

Today's Change

0.00 (0.00%)

Day's Change

0.135 - 0.14

Trading Volume

610,100


41 people like this.

64,793 comment(s). Last comment by jjohnchew 2 days ago

DK

4,269 posts

Posted by DK > 2020-11-19 14:37 | Report Abuse

I need you user ID


Tom Lim DK ,can you add me ,thanks.
19/11/2020 1:04 PM

huahtai98

770 posts

Posted by huahtai98 > 2020-11-19 14:49 | Report Abuse

Haha....T+7 guys are trying to beat the market's T+8 la.....lol

i3lurker

13,943 posts

Posted by i3lurker > 2020-11-19 14:58 | Report Abuse

Sell on News today
also market consolidation day

possible another KYY SUPER DROP DAY

lol

i3lurker

13,943 posts

Posted by i3lurker > 2020-11-19 15:06 | Report Abuse

sslee
you are describing biology, Big eats Small

Posted by Sslee > Nov 19, 2020 1:17 PM | Report Abuse

Example for Jaks case, the RI benefit lots of existing shareholders.

Fact check:
In what way the dilutive RI benefit existing shareholders?

Do RI benefit those shareholders that do not know how to subscribe for the RI nor to sell the JAKS-OR?

Who will benefit the most when with billion of NOSH and the Board is free to allocate 15% max for LTIP?

Posted by Value_Investor_888 > 2020-11-19 15:13 | Report Abuse

JAKS rights issue oversubscribed by 28.71%
===========================================
The good respond of the right issue is solid evident of investors confident toward JAKS future prospect.

Posted by Value_Investor_888 > 2020-11-19 15:13 | Report Abuse

JAKS rights issue oversubscribed by 28.71%
===========================================
The good respond of the right issue is solid evident of investors confident toward JAKS future prospect.

Posted by Value_Investor_888 > 2020-11-19 15:13 | Report Abuse

JAKS rights issue oversubscribed by 28.71%
===========================================
The good respond of the right issue is solid evident of investors confident toward JAKS future prospect.

Posted by Value_Investor_888 > 2020-11-19 15:14 | Report Abuse

Investors always feel doubt and worry on the power plant progress. The good news from CEEC 越南海阳燃煤电厂1号机组336小时可靠性试运行圆满完成 has fully cleared the doubt and uncertainty. Thus..17/Nov/2020 is a historical moment for JAKS.

Windy1974

737 posts

Posted by Windy1974 > 2020-11-19 17:08 | Report Abuse

SSlee. I agreed with you RI won't benefit existing share holders due to dilution. The best scenario is not to have RI but bank loan.
Best scenario. Company gets a bank loan for additional income generating business where the return would be higher than the loan interest. However, it needs to be a sure win business. In real life, where can find such business easily?
2nd best scenario. Company RI for additional income generating business. Best la if it's sure profit.
3rd best scenario. Company RI for additional funds into new business but profit or loss yet to determine
4th not so good scenario. Company RI for cash flow caused losing money but management still genuinely wanna make money
Worst case scenario. Company RI for cash flow so that they could syphon more money away via salaries, expenses and loss making ventures. Normally these companies are easily identified in KLSE because they would do RI every alternate years and come up with very ambitious projections that never materialise.
Now, JAKS is which one. You decide. I HOPE it's 2nd best la.
How about Insas, SSLee? Which you reckon?

Sslee

6,227 posts

Posted by Sslee > 2020-11-19 17:26 | Report Abuse

https://koonyewyin.com/2015/04/21/how-to-interpret-company-announcements/

Announcement of right issues with free convertible warrants can be tempting to many investors. You must be careful to examine the true reason for calling the right issues. Do not subscribe blindly. Quite often due to poor management, the company has poor cash flow and the business has too many challenges. As a result, the company needs more cash. Moreover, this kind of announcement will push up the share price, offering you a chance to sell at a better price. You must remember that good profitable companies do not need to get money from calling for right issues.

As for Insas I am waiting for leno to push up the share price for me to sell at better price.

Windy1974

737 posts

Posted by Windy1974 > 2020-11-19 17:41 | Report Abuse

Sslee. I disagreed with your generalised statement that good profitable company doesn't need RI. I personally think Dayang is a good, well run company yet they issued RI. Of course, whether they were worth RM3 or not that's another matter. I am surprised you quote the infamous KYY. While i agree he is an influential figure in the investing community, he falls into the category "rich but i don't respect". Come on, his simple primary 6 mathematics to justify AT System future profits? Then all the sudden reminded people that AT has yet to produce a single glove?
He is definitely not stupid but by quoting him, i start to doubt your investment knowledge.

Windy1974

737 posts

Posted by Windy1974 > 2020-11-19 17:42 | Report Abuse

I should rephrase. I don't personally think but i know Dayang management well enough to state so

tomlim72

17 posts

Posted by tomlim72 > 2020-11-19 17:56 | Report Abuse

DK, my ID Tomlim72 , thanks

human

196 posts

Posted by human > 2020-11-19 18:12 | Report Abuse

sslee dont take text out of context.

I repeat again the crucial points of looking at facts, not endless speculation of what the bod will do in the future.

Example for Jaks case, the RI benefit lots of existing shareholders.
Property development business exited according to 2019 agm statement.
Power Plant unit 1 2020 completion according to 2019 agm statement.
These are the facts.

Which existing shareholders that fully subscribe to the RI dont benefit from the average lower cost per share?

Dont know how to subscribe RI then go learn, nothing free.

LTIP is an old story approved many years ago, not something new.

DK

4,269 posts

Posted by DK > 2020-11-19 18:16 | Report Abuse

added

tomlim72 DK, my ID Tomlim72 , thanks
19/11/2020 5:56 PM

luckyman

732 posts

Posted by luckyman > 2020-11-19 19:16 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=211727&name=EA_FR_ATTACHMENTS

MFCB's power business recorded RM274mil net profit against revenue of RM371mil (page 12 of the attachment) for 9 months ended 30/9/20. If we benchmark against MFCB's power business net profit margin, what should be the net profit of Jaks since ALP indicated the projected annual revenue being around RM700 mil for the power venture ???

Sslee

6,227 posts

Posted by Sslee > 2020-11-19 19:28 | Report Abuse

Dear all,
Each of us already have our own answer with us so why need confirmation from others.
Just laugh off the ironic of things we disagree.

tomlim72

17 posts

Posted by tomlim72 > 2020-11-19 22:11 | Report Abuse

DK, THANKS

tomlim72

17 posts

Posted by tomlim72 > 2020-11-19 22:23 | Report Abuse

DK, how to access to your group..

tomlim72

17 posts

Posted by tomlim72 > 2020-11-19 22:28 | Report Abuse

DK, I FOUND IT .THANKS

Windy1974

737 posts

Posted by Windy1974 > 2020-11-20 09:12 | Report Abuse

let's c today can break 0.66 not with such volumes

Posted by awangdaud007 > 2020-11-20 09:20 | Report Abuse

Ini kali la, break

pputeh

698 posts

Posted by pputeh > 2020-11-20 09:39 | Report Abuse

Slowly slowly Jaks will be there. Hopefully can reach 85c by 31/12/20

Posted by Investor 999 > 2020-11-20 09:52 | Report Abuse

All the way to the sky!

Thank you DK

AnnYung

373 posts

Posted by AnnYung > 2020-11-20 09:55 | Report Abuse

呵呵

WilburR2

847 posts

Posted by WilburR2 > 2020-11-20 09:55 | Report Abuse

what the pbb anal-yst buta gaji

Posted by SarifahSelinder > 2020-11-20 09:58 | Report Abuse

MFCB punya results is encouraging to JAKS

MFCB is tending for LSP projek jua

Posted by SarifahSelinder > 2020-11-20 10:00 | Report Abuse

MFCB tons of IPP cash

Posted by Value_Investor_888 > 2020-11-20 10:08 | Report Abuse

Once in a life time investment opportunity...

Posted by SarifahSelinder > 2020-11-20 10:09 | Report Abuse

Lately keep selling Razali x jual lagi

Posted by Value_Investor_888 > 2020-11-20 10:16 | Report Abuse

So many stupid counters without earning in bursa can limit up and ppl dare to buy and chase....but the real big frog here people just keep questioning, wait and ask...If Jaks can limit up one day?? If limit up only 0.89 still cheap as it not yet reflect it true earning and value for it power plant!

klk666

28 posts

Posted by klk666 > 2020-11-20 10:50 | Report Abuse

DK you are the BEST! Kindly add me to your private group. thank you!

Windy1974

737 posts

Posted by Windy1974 > 2020-11-20 10:52 | Report Abuse

DK the best when make money. DK the con man when losing haha

DK

4,269 posts

Posted by DK > 2020-11-20 10:53 | Report Abuse

Thank you. Added

klk666 DK you are the BEST! Kindly add me to your private group. thank you!
20/11/2020 10:50 AM

klk666

28 posts

Posted by klk666 > 2020-11-20 10:55 | Report Abuse

too much rubbish comments here, caused me a fortune by disposing almost all my holding before ex date..... REGRET BIG TIME. SIGH!!!!

klk666

28 posts

Posted by klk666 > 2020-11-20 10:56 | Report Abuse

Thank for adding me DK. Appreciated!

DK

4,269 posts

Posted by DK > 2020-11-20 11:00 | Report Abuse

Be very careful. There are more evils than angels in i3. Some are good at making rubbish comments appear sensible to the newbies.

---------------------
klk666 too much rubbish comments here, caused me a fortune by disposing almost all my holding before ex date..... REGRET BIG TIME. SIGH!!!!
20/11/2020 10:55 AM

Sslee

6,227 posts

Posted by Sslee > 2020-11-20 11:06 | Report Abuse

No one is an angel, DK include. If someone make rubbish comment than please correct him if you have the facts.
Everyone are entitled to their opinion and my opinion ALP/BOD/management cannot be trusted.

DK

4,269 posts

Posted by DK > 2020-11-20 11:12 | Report Abuse

Sslee, my category of rubbish comments does not include constructive opinions and ideas. You are certainly not included.

klk666

28 posts

Posted by klk666 > 2020-11-20 11:15 | Report Abuse

Sslee.... stupid me by reading too much of your complaining and comments!! not helping at all, Period!

DK

4,269 posts

Posted by DK > 2020-11-20 11:21 | Report Abuse

We have to be fair to Sslee, he merely warn readers of his opinion on ALP/BOD/management of their less than satisfactory integrity to date. No one can correctly predict the future. This is Stock Market.

klk666

28 posts

Posted by klk666 > 2020-11-20 11:25 | Report Abuse

fair enough! is my own decision in the end. thanks

klk666

28 posts

Posted by klk666 > 2020-11-20 11:26 | Report Abuse

Sslee... please accept my sincere apology!

Windy1974

737 posts

Posted by Windy1974 > 2020-11-20 11:30 | Report Abuse

Yes, I reckon it's good to have people like SSlee around. I don't appreciate a forum where only chanting Up up up everyday

Windy1974

737 posts

Posted by Windy1974 > 2020-11-20 11:32 | Report Abuse

Remember. A true friend would tell you the facts even if he knows you won't like to hear

Posted by Fatcaiwst > 2020-11-20 11:33 | Report Abuse

how to get added to DK group :(

Windy1974

737 posts

Posted by Windy1974 > 2020-11-20 11:38 | Report Abuse

I have recommended shares to my friends too eg YTLREIT which dropped a lot. But i truly believed in it. I could be wrong but i didn't con people. Con is where you disperse information which you already know it's not true. Eg. taking photo in front of a upcoming glove factory and making up projected profits. Even if the production volume is true, the profit can't be same as Topglove or other established glove players who have been established for years.
A 20s young man could be so naive but if an old investment legend who has been in business for years come up with such logic, then i can only say that either he knowingly con people or he was just lucky to make his money in the first place

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