Posted by Jeffreyteck > 2021-03-29 19:01 | Report Abuse

Very lucky this round. Those analysts selling high on this stock?

Posted by gohkimhock > 2021-03-29 19:01 | Report Abuse

i still remember approximately 2~3 years ago, certain people promising the moon and stars for this counter. All types of baseless calculations came up saying each quarter can earn RM200+ mil blah blah blah..

Posted by ming > 2021-03-29 19:08 | Report Abuse

Result show loss but mainly for impairment..

pp contribution surprising, no sure is real profit or accounting technic

Posted by ValueInvestor888 > 2021-03-29 19:12 | Report Abuse

Power plant profit of RM 7.5 million for first unit for about 1 month is good...even many minority shareholders are not happy with Ang xxx

Posted by ValueInvestor888 > 2021-03-29 19:15 | Report Abuse

Hugh loss due to impairment of goodwill and trade receivables, ALP and mgt incentive plan of RM 17m and accounting mistakes in earlier quarter...

Posted by cutie > 2021-03-29 19:23 | Report Abuse

Anytime a company has huge impairment losses. We cannot forecast the company future.

Posted by Yu_and_Mee > 2021-03-29 20:00 | Report Abuse

Poor Anson, I think he is crying until no tears.

Posted by cckiong > 2021-03-29 20:03 | Report Abuse

Those who bought jaks at .70 cents and above will be crying non stop

Posted by SDR245 > 2021-03-29 20:07 | Report Abuse

45mil perqr ( from next qr) for next 24 years. So tommmorw it won't drop much.price already down from 0.82 sen.

Posted by SDR245 > 2021-03-29 20:08 | Report Abuse

Vietnam jv 180 million perannum.

Posted by soon9913 > 2021-03-29 20:10 | Report Abuse

Vietnam jv 180m is the revenue before deducted cost right?

Posted by LKOH > 2021-03-29 20:14 | Report Abuse

180 mil is profit

Posted by Bgt 9963 > 2021-03-29 20:14 |

Post removed.Why?

Posted by TheFFAPractitioner > 2021-03-29 20:15 | Report Abuse

Wah gone case stock. So much loss

Posted by Sslee > 2021-03-29 20:24 | Report Abuse

Vietnam JV (JAKS 30%) is considered as associate company hence do not contribute revenue but share of profit. This profit is just a book profit the actual cash flow is based on dividend from the Vietnam JV.
Next quarter will have a better picture on what will be shared of profit and dividend from Vietnam JV.

JAKS Malaysia business expected to remain cash negative throughout 2021. Badly need cash dividend from Vietnam JV. If cash dividend is not forthcoming then can expect another round of PP or RI.

Posted by kereta > 2021-03-29 20:25 | Report Abuse

Limit downing is on the way.

Posted by ming > 2021-03-29 20:26 | Report Abuse

Impairment is past..

Pp is future xD..

See got how low to catch

Posted by SDR245 > 2021-03-29 20:30 | Report Abuse

It won't limit down. Already drop from 0.82. Posiable drop 3-4 sen.

Posted by supermxmx > 2021-03-29 20:41 | Report Abuse

Air Asia lost 2.44 billion and share price is nicely up..... future depending on covid..... JAKs lost 100 million and with 25 years recurring income and we are talking about limit down? HAHAHAHA

Posted by SDR245 > 2021-03-29 20:47 | Report Abuse

May qr jv dividend only 40- 48mil. So no limit down. People will buy if jaks drop further.

Posted by Sslee > 2021-03-29 20:51 | Report Abuse

AA equity is now negative need many more gamblers to take up AA PP for cash injection.

Posted by apolloang > 2021-03-29 20:52 | Report Abuse

unexpected heavy losses

Posted by Analyser > 2021-03-29 21:02 | Report Abuse

ugh this jaks is just burdened with so many negative events right now, making it ever so hard to invest.

material litigation which is never-ending, ridiculous amount of impairments. what's next that management has not promptly inform us? management is doing a really shit job not managing expectations of shareholders but instead keep throwing out surprises.

the powerplant project can only help so much, it's not a get out jail free card that u can use forever.
i'm beginning to think if this is really a con-man company seeing how KYY was mercilessly kicked out.

Posted by firehawk > 2021-03-29 21:21 | Report Abuse

actually ... i think many know this type of result even before it was announced, they just choose to keep quiet .....

Posted by apolloang > 2021-03-29 21:21 | Report Abuse

should break 60cts tomoro

Posted by supermaxdarren > 2021-03-29 21:29 | Report Abuse

i heard someone aiming 50cents earlier...lets see is it true..

Posted by AnsonLiew > 2021-03-29 21:37 | Report Abuse

no worry la
vietnam power plant no bill in yet mah
next q profit easily more than 60 mil la

Posted by AnsonLiew > 2021-03-29 21:40 | Report Abuse

tis stock hold long term no worry
can sleep well

Posted by AngryBird > 2021-03-29 21:49 | Report Abuse

joke jaks

Posted by EHS777 > 2021-03-29 21:53 | Report Abuse

this quarter bad result could bring the booming up to next quarter due no more impairement and rrvenue of 2 generator will show in next quarter revrnue of

Posted by nich0las > 2021-03-29 21:53 | Report Abuse

hu la mak. Long time no view jaks. now left tulang kah. no wonder old fox leave.

Posted by msiaboleh > 2021-03-29 21:57 | Report Abuse

Opportunity to collect.

Posted by Dave92 > 2021-03-29 22:05 | Report Abuse

Wtf...result like shit.
Share price alr double but profit big negative.

Posted by Jeffreyteck > 2021-03-29 22:08 | Report Abuse

Just too bad, poor disclosure standards where frequent sudden impairment or written of occurred out of sudden instead of accrual basis. Sudden impairment may occur eg factory fire without insurance, etc but not under normal circumstances.

Posted by Eastern686 > 2021-03-29 22:19 | Report Abuse

Jaks heading to 40¢ again.

Posted by nextan > 2021-03-29 22:31 |

Post removed.Why?

Posted by lawrgan > 2021-03-29 22:32 | Report Abuse

Your last chance to buy

Posted by Citadel9999 > 2021-03-29 22:34 | Report Abuse

jialat why loss so much

Posted by isupertrader > 2021-03-29 22:50 | Report Abuse

I expected loss but this is really bad...

Posted by Analyser > 2021-03-29 22:50 | Report Abuse

actually the Jaks share price has risen significantly right after the rights issue for no reason. those were the time of the bull market where people just buy anything blindly after the sharp fall. the price overshot way ahead of it's fundamentals and now it's proven to be a mirage. if 2mr the price still hold well, it's better to get out

Posted by SuperPanda > 2021-03-29 22:51 | Report Abuse

why buy -ve earnings counter when you can buy many other profitable counter

Posted by lloydlim > 2021-03-29 23:26 | Report Abuse

Below 50cts should be a safe bet for mid term investment.

Posted by Sslee > 2021-03-29 23:43 | Report Abuse

Summarised statements of financial position as at 31 December 2018: JIC (RM)
Non-current assets: 144,366
Current assets: 127,165,593
Current liabilities: 268,263,388
Total equity: (140,953,429)
Attributable to:
Non-controlling interest: (69,067,180)

Refer Affin Hwang Research: https://klse.i3investor.com/servlets/staticfile/403027.jsp

JIC would still need to raise new funding to pay the buyers the LAD owed which is currently around RM165m (accumulated since 4Q16). Apart from that JIC also owes JAKS around RM35.4m, which JAKS had previously loaned to JIC for the construction cost and bank guarantee of the Pacific Star project

Question 4: Please explain how JIC will settle this RM35.4 m with JAKS? Ans: Any amounts owing by JIC is to be settled in the ordinary course of business

Question 5: Is 50 million Bank Guarantees paid previously by JAKS to Star Media Group part of JIC current liabilities?
Ans:Yes , it is a disputed performance liability with a corresponding amount of receivable in current asset.

So the PROPOSED DISPOSAL BY JAKS SDN BHD (“JSB”), A WHOLLY-OWNED SUBSIDIARY OF JRB, OF ITS ENTIRE 510,000 ORDINARY SHARES (“SALE SHARES”), REPRESENTING 51% OF EQUITY INTEREST IN JAKS ISLAND CIRCLE SDN BHD (“JIC”) FOR A TOTAL CASH CONSIDERATION OF RM1.00 (“DISPOSAL CONSIDERATION”) is actually to bail out the 49% non controlling shareholder as JAKS need to make impairment loss on goodwill, loan and liabilities on JIC book.

Posted by i3lurker > 2021-03-29 23:57 | Report Abuse

sslee

dun dig up old HerStory ler, I know your wife nag u.

please look at calendar its 2021 lah

so many other good counters besides Jaks like sumatec for example,
polycarp sure glad to sell you her suspended shares via private transfer

Posted by register999 > 2021-03-30 00:04 | Report Abuse

very bad QR

Posted by CynicalCyan > 2021-03-30 00:27 | Report Abuse

HAHAHAHAHAHAHAHAAHHA
Where are those deluded supporters who always curse naysayers of JAKS?
Are you disappointed with the results or with yourself for not believing the critics?

Posted by KAQ4468 > 2021-03-30 00:46 | Report Abuse

Aiyaaaaa why why why

Posted by KAQ4468 > 2021-03-30 00:49 | Report Abuse

Anyone can add me into jackass investment team arrrr

This my email address

Kenakencing@gmail.com

Posted by KAQ4468 > 2021-03-30 00:49 | Report Abuse

Add me please

Posted by KAQ4468 > 2021-03-30 00:49 | Report Abuse

Kah Kah Kah