Posted by Steady Punpipi > 2021-01-05 10:21 | Report Abuse

AES Agrees to Sell Mong Duong 2 Coal-Fired Plant in Vietnam
AES New Brand Logo (PRNewsfoto/The AES Corporation)
NEWS PROVIDED BY

AES CORP.
Jan 04, 2021, 07:00 ET

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ARLINGTON, Va., Jan. 4, 2021 /PRNewswire/ -- The AES Corporation (NYSE: AES) signed an agreement on December 31, 2020 to sell its entire equity interest in the 1,242 MW Mong Duong 2 coal-fired power plant in Vietnam to a consortium led by a US-based investor. This transaction is expected to close in late 2021 or early 2022, subject to customary approvals, including from the Government of Vietnam and the minority partners in Mong Duong 2.

"We have had a very positive experience in developing, building and owning Mong Duong 2 and Vietnam remains an important growth market for AES, where we look forward to contributing to the country's transition to a more sustainable energy future," said Andrés Gluski, AES President and Chief Executive Officer. "In line with our global strategy to invest in renewables and LNG infrastructure, in Vietnam we continue to make good progress on the development of the 450 TBTU Son My LNG terminal with PetroVietnam (PVN) and the 2,250 MW Son My 2 combined cycle gas power plant."

AES owns a 51% equity interest in Mong Duong 2, Posco Energy Company Limited owns 30% and Stable Investment Corporation, a subsidiary of China Investment Corporation, owns the remaining 19%. The construction of Mong Duong 2 was completed in 2015 under a Build-Own-Transfer (BOT) contract, with a 25-year Power Purchase Agreement (PPA) with Vietnam Electricity (EVN), a state-owned utility.

Posted by loonmei > 2021-01-05 10:48 | Report Abuse

DK, pls add me to the group

Posted by Limitup30 > 2021-01-05 12:17 | Report Abuse

This jaks keep up n down 0.630-0.720

Posted by hng33 > 2021-01-05 14:41 | Report Abuse

bought back jaks at 67sen

Posted by Steady Punpipi > 2021-01-05 14:52 | Report Abuse

Showtime after 4pm ?

Posted by HuatEveryday > 2021-01-05 15:01 | Report Abuse

When all the weak holders stop selling and short seller become bored, then it will go up...

Posted by hng33 > 2021-01-05 15:24 | Report Abuse

Jaks now at strong support EMA20, expect to rebound soon

Posted by Bgt 9963 > 2021-01-05 15:25 | Report Abuse

Jaks....go..go..go..!

Posted by hng33 > 2021-01-05 15:27 | Report Abuse

AES 51% Agrees to Sell Mong Duong 2 Coal-Fired Plant in Vietnam

Jaks 40% too can monetize its power plant in vietnam, it a viable business, sellable concession

Posted by Steady Punpipi > 2021-01-05 15:51 | Report Abuse

Showtime soon .....looks like Buyer is building support

Posted by hng33 > 2021-01-05 16:00 | Report Abuse

added more jaks at 67.5sen

Posted by Steady Punpipi > 2021-01-05 16:16 | Report Abuse

0.675 dumping ground ...but cannot get lower ...so it means something

Posted by Steady Punpipi > 2021-01-05 16:17 | Report Abuse

Jaks been down since last Friday ...3 days in a row ...expect some rebound soon compare to its peers which has oledi rebounded !

Posted by wakarimas > 2021-01-05 17:07 | Report Abuse

this jaks cuci dah 3days.... tomorrow should mari push up d. come come push

Posted by greenhorn61 > 2021-01-05 17:13 | Report Abuse

no hope...too much bad publicities.

Posted by stockraider > 2021-01-05 17:15 | Report Abuse

Sell lah...!!

Useless conman stock mah..!

Posted by Steady Punpipi > 2021-01-05 17:47 | Report Abuse

https://www.channelnewsasia.com/news/singapore/electricity-demand-dropped-covid-19-expected-to-rebound-mti-13895548

Posted by Steady Punpipi > 2021-01-06 07:37 | Report Abuse

Jaks been down since last Friday ...3 days in a row ...expect some rebound soon compare to its peers which has oledi rebounded !

05/01/2021 0.67 0.665 - 0.68 0.675 -0.005 (0.74%) 16,140,200
04/01/2021 0.695 0.67 - 0.70 0.68x -0.015 (2.16%) 25,063,700
31/12/2020 0.715 0.695 - 0.72 0.695 -0.02 (2.80%) 42,928,900

Posted by Steady Punpipi > 2021-01-06 07:46 | Report Abuse

Hard depresssed from 0.72 from Desperado Sellers from 0.72...very obvious selling presssure . Good opportunity to collect low ...Today will be the day for a rebound insight...keeping finger crossed

Posted by Bgt 9963 > 2021-01-06 09:12 | Report Abuse

kasi...limit up..soon!.

Posted by lawrgan > 2021-01-06 15:40 | Report Abuse

The more you said the more it dropped. Haiz

Posted by huahtai98 > 2021-01-06 16:00 | Report Abuse

Why keep guessing when you know you cant get it right.....only time and patience will give you the fruits.

Posted by furionstormrage > 2021-01-06 19:21 | Report Abuse

DK, please add me to the group

Posted by HamsterHuat > 2021-01-06 20:47 | Report Abuse

Jaks back to my price...0.66cent.

buy buy buy

Posted by joyvest > 2021-01-07 08:28 | Report Abuse

why buy ?

Posted by Bgt 9963 > 2021-01-07 08:43 |

Post removed.Why?

Posted by Wolger > 2021-01-07 08:46 | Report Abuse

Jaks gap down at support liao....buy or run?

Posted by wehcant > 2021-01-07 09:27 | Report Abuse

Top Picks counter also can be affected by Malaysia's political uncertainty? Thought their income will derive from Vietnam's power plant?

Posted by Superhotdog > 2021-01-07 11:36 | Report Abuse

Jaks.... Pls go up...

Posted by Jeff Yap > 2021-01-07 17:35 | Report Abuse

DK, please add me into the group.
Thanks!

Posted by Zuliana > 2021-01-07 18:13 | Report Abuse

Sifu in jaks chat said no worries, be happy.
Soon Jaks will be better.

Posted by Sslee > 2021-01-07 18:24 | Report Abuse

With completion of power plant and no more construction accounting profit from power plant very soon will know what will be the rest of business revenue and profit and also share of profit from associate company power generation.

Posted by Tkeng > 2021-01-07 20:30 | Report Abuse

Gap on 27.11.20 corrected today.. Hmmm. Interesting.

Posted by HamsterHuat > 2021-01-08 08:13 | Report Abuse

good bargain lah
0.645
buy buy buy.

impending bombastic news soon.
once the floodgate open....fury of never ending unstoppable rise in price soon.

The company biggest revenue from Vietnam, not Malaysia...
So it is time to buy.

Posted by Bgt 9963 > 2021-01-08 08:38 |

Post removed.Why?

Posted by Zuliana > 2021-01-08 10:13 | Report Abuse

Sifu in jaks chat said no worries, be happy.
Next week Jaks will be better.

Posted by HamsterHuat > 2021-01-08 10:29 | Report Abuse

hi Zuliana...apa khabar?

Jaks better next week?.......it will start today lo...pushing it up over 0.66

Posted by desire > 2021-01-08 12:18 | Report Abuse

How to join group. Why don't want add

Posted by HuatEveryday > 2021-01-08 15:08 | Report Abuse

0.63 again.... if can rebound from here means triple bottom formed...

Posted by garychee8 > 2021-01-08 15:16 | Report Abuse

hope to buy at 0.60

Posted by HuatEveryday > 2021-01-08 16:16 | Report Abuse

Hopefully it can close at 0.63 otherwise more downside coming next week...

Posted by Steady Punpipi > 2021-01-08 16:54 | Report Abuse

Desperado sellers push from 0.72 till 0.615 within 2 weeks .... good luck next week ...many here bleeding profusely ...short sellers is the winner !

Posted by stockwin > 2021-01-08 18:52 | Report Abuse

Why sell now when the COD is around the corner !! It is like a girl going for abortion after 8 months of pregnant. Probably a bad analogy but the fact is one should be buying not selling now.

Posted by WindMay > 2021-01-08 19:47 | Report Abuse

Hi DK, pls add me to the group. Thank you

Posted by mita29 > 2021-01-08 22:20 | Report Abuse

Today all big crocs busy hoot health care counters to earn money from short sellers where got time to layan Jaks? Wait abit lah, be patient, got bullet buy low loh. hahaah

Posted by limweijin > 2021-01-08 23:35 | Report Abuse

Dear DK,

Please add me to your group, thx in advance.

Posted by Bgt 9963 > 2021-01-09 00:15 | Report Abuse

Jaks..hoot9yee...!

Posted by Superhotdog > 2021-01-09 16:51 | Report Abuse

Why Jaks no power?

Posted by Bgt 9963 > 2021-01-09 17:24 | Report Abuse

Still alot of sellers...

Posted by Zuliana > 2021-01-10 07:00 | Report Abuse

Sifu in jaks chat said no worries, be happy.
Next week Jaks will be better.