Posted by Elaine Tan > 2020-01-17 09:13 | Report Abuse

Insider news :YES CONFIRM- ECRL (mentakab to Maran) will drop in to Ageson7145 new subsidiari, it a joint venture company. clean all the shares now before its too late guys! cheers

Posted by Depeche > 2020-01-17 09:22 | Report Abuse

Is your source reliable? Or just coffeeshop talk

Posted by 靓女 phoon phoon > 2020-01-17 09:24 | Report Abuse

nice, good news to ageson 7145 then, its time to buy in ageson now!

Posted by PresidentRotiCanai > 2020-01-17 09:54 | Report Abuse

Since jaks goreng until so high, mudajya still have a lot space to up... Buy buy buy!!! Power plant power plant

Posted by Teh1986 > 2020-01-17 10:13 | Report Abuse

Q alrealy 0.470

Posted by Teh1986 > 2020-01-17 10:19 | Report Abuse

Today macam no power, maybe can get 0.47...hahaha

Posted by PresidentRotiCanai > 2020-01-17 10:57 | Report Abuse

Up so much, healthy to retrace a bit. Then up again. If up all the way, then u need to be careful

Posted by PresidentRotiCanai > 2020-01-17 10:57 | Report Abuse

Now RSI around 70 only

Posted by mikeymouse > 2020-01-17 11:48 | Report Abuse

Huat ah. 40% in one month. CNY this year will be good!

Posted by Depeche > 2020-01-17 12:40 | Report Abuse

If it closes above 0.53...next target is 0.66.

Posted by probability > 2020-01-17 13:42 | Report Abuse

Jaks Resources - Hydro power no longer cheaper than Coal power to Vietnam

Author: DK66 | Publish date: Wed, 15 Jan 2020, 10:32 AM

https://klse.i3investor.com/blogs/Jaks%20resources/2020-01-15-story-h1482158721-Jaks_Resources_Hydro_power_no_longer_cheaper_than_Coal_power_to_Vietnam.jsp

Posted by probability > 2020-01-17 13:42 | Report Abuse

the above may explain the renewed interest from market on Mudajaya

Posted by probability > 2020-01-17 14:08 | Report Abuse

Milestone for Mudajaya's India power plant as final unit attains commercial operations

March 21, 2019

https://www.theedgemarkets.com/article/milestone-mudajayas-india-power-plant-final-unit-attains-commercial-operations

Mudajaya Group Bhd said the fourth and final unit of its long-delayed coal-fired thermal power plant in India has achieved its commercial operation date (COD).

Slightly more than a year ago, Mudajaya Corp disposed of a 7.07% stake in RKM to Apollo Ventures Co Ltd for US$19.5 million, reducing its stake in the Indian independent power producer to 18.93%.

The power plant has a total capacity of 1,440 mW, comprising four generating units of 360 mW each.

Shares of Mudajaya Group settled unchanged today at 31 sen. The stock has lost 58% of its value over the past one year, to now have a market capitalisation of RM182.86 million.


..........................

19% stake on a 1440 MW Thermal power plant with a market cap of 300M now

Posted by xuxu > 2020-01-17 15:18 | Report Abuse

i missed this uptrend, but congrats who got earned here. Huat ar

Posted by Alfonso > 2020-01-17 16:28 | Report Abuse

ini kali lah

Posted by probability > 2020-01-17 16:56 | Report Abuse

at estimated 100M profit per annum by the management, its eps will be double of malakoff

due to high depreciation, free cash flow will be very good

Posted by probability > 2020-01-17 18:09 |

Post removed.Why?

Posted by probability > 2020-01-17 18:14 | Report Abuse

4 units in operation now compared to 1 unit of 360 MW and price is 4 times lower now than when the above article came in 2014

...................

Meaning Mudajaya is 8 x times more sexier now compared to when Koon found it attractive in 2014

Posted by probability > 2020-01-17 18:40 | Report Abuse

Mudajaya back in the black after 13 straight quarterly losses

November 29, 2019


https://www.theedgemarkets.com/article/mudajaya-back-black-after-13-straight-quarterly-losses


“Hence, no further share of losses in RKM was recognised in the current quarter,” it added.

Mudajaya has reported quarterly losses since 2QFY16, mainly dragged by its independent power plant (IPP) investment in India.

“The investment in the IPP in India via the group's 26% associate RKM continues to pose challenges to management even though all four units of the IPP development have achieved commercial operation status.

There is some reprieve for the group's balance sheet resulting from the net carrying amount of RKM in the group's books having been fully adjusted to nil from prior share of losses; hence, there is no further equity accounting for RKM losses from this quarter onwards,” said Mudajaya.

The group said it is currently working on a proposed resolution plan with its lenders, and that the conditional share sale and purchase agreement it signed for the proposed 7.07% stake disposal is pending fulfilment of certain conditions precedent.

It said to date, RKM is supplying up to 350 MW power to several power distribution companies in the State of Uttar Pradesh and has also entered into a pilot agreement for the procurement of power with PTC India Ltd for the supply of 550 MW power from Units II and II for a period of three years.

“These contracts are expected to contribute positively to RKM's results upon the eventual commencement of power sales,” Mudajaya added.

Posted by probability > 2020-01-17 18:49 | Report Abuse

Mudajaya’s intriguing new shareholder

November 23, 2019

https://www.theedgemarkets.com/article/mudajayas-intriguing-new-shareholder

“When Kuo approached Mudajaya, he wanted to ensure the continuity of the company’s key personnel and to instil more confidence in shareholders, that was why myself and Eric were offered the stake [through Chamber Jewels]. And once the restructuring exercise is out of the way, Mudajaya’s focus will be on selling power. The power purchase agreements (PPAs) are all in place, with just some documentation left,” he says.

Mudajaya is hoping to start selling power soon from the second, third and fourth units of its coal-fired thermal power plant in India, Wong says, which is being undertaken by RKM Powergen Pvt Ltd in which Mudajaya owns an 18.93% stake. The fourth and final unit of the plant achieved its commercial operation date in March.

Mudajaya will also work on strengthening its balance sheet and reducing its gearing to a reasonable level, which could use some help from Kuo, apart from the proceeds from its private placement exercise that is expected to be completed by year-end.

“Mudajaya has done a lot of good work over the last few years. Although it was difficult, with India being a big challenge, the company is turning a corner on our India [investment] now. From there, it will be plain sailing,” Wong says.

Posted by probability > 2020-01-17 19:38 | Report Abuse

Further,

From 2013 to 2020, the wholesale price index of electricity in India went up from 102 to 115, by 13%:

https://www.statista.com/statistics/685948/wholesale-price-index-of-electricity-india/

During the same period, the exchange rate from Indian Rupees to MYR went up from 0.052 to 0.057, by 10%

https://www.xe.com/currencycharts/?from=INR&to=MYR&view=10Y

.............

The above means Electricity price in India went up by 25% in terms of RM during the last 7 years

Posted by probability > 2020-01-17 21:50 | Report Abuse

4 more units of 360MW at 4 times cheaper price means...

SIXTEEN(16) × MORE ATTRACTIVE NOW!

compared to when Koon promoted on 2014 much ahead of completion

Its purely waiting to sell the electricity now..

Posted by Kukuman > 2020-01-17 22:20 | Report Abuse

The company is so screwed. I already said so 2 years ago despite so called power plants business generating great profit soon. some idiots shamelessly promote it like no tomorrow. One of them particularly standout:

Apr 8, 2017 2:25 PM | Report Abuse
Lets track this company share since the king promoter of mudajaya aka charlessT blowng his trumpet asking all and sundry to sell jaks and buy his favorite company mudajaya. He claimed he is doing a "noble intention" !

31/3/17 RM0.985 quiet time without promoter
05/4/17 RM1.21 King promoter aka CharlessT emerged blowing trumpet asking all to sell jaks and buy his favorite stock mudajaya
06/4/17 RM1.19 King promoter continued blow his trumpet and sing the same song
07/4/17 RM1.15 suddenly the trumpet music stopped

Noble intention my foot!

Posted by Kukuman > 2020-01-17 22:24 | Report Abuse

If it is so good, why MYR0.51 per share?

Posted by probability > Jan 17, 2020 4:56 PM | Report Abuse
at estimated 100M profit per annum by the management, its eps will be double of malakoff

due to high depreciation, free cash flow will be very good

Posted by probability > 2020-01-17 22:37 | Report Abuse

you want me to promote when its 0.51 or when its 1.50?

timing of stock selection matters...

Jaks was 0.5 too just a few months back

what more when Mudajaya power plant is 100% completed and just waiting to sell

Posted by Depeche > 2020-01-17 22:58 | Report Abuse

Waiting to be able to start selling power...that's in the QR...some here already took position earlier than that....also when after news of new major shareholder emerged....Mudajaya has become a promising stock with bright future...their total write off of their RKM losses and small profit in latest QR confirmed their turnaround.

Posted by probability > 2020-01-18 11:09 | Report Abuse

(Icon) Mudajaya (2) - With Multiple Assets Maturing, Risk Is On The Upside

Author: Icon8888 | Publish date: Mon, 28 Dec 2015

http://icon8888.blogspot.com/2015/12/mudajaya-2.html

Now, we are finally seeing light at the end of the tunnel. But exactly how much profit can we expect from the IPP project ?

According to an article dated 3 March 2014 in The Star, Mudajaya's CEO expected the IPP project to contribute approximately RM70 mil to Group profit. Was he referring to EBITDA, PBT or net profit ? If I am not wrong, according to accounting standard, associate contribution is booked in at Net Profit level. As such, it is likely that the RM70 mil is referring to net profit (Accountants please chip in here).


However, there is still one loose end to be tied up. Over the past 18 months, currencies have been on a roller coaster ride. How would that affect the IPP project's contribution to Mudajaya ? The 3 March 2014 article shedded some light on this issue as well.


First of all, let's have a feel of the movement of Rupee vs Ringgit. When James Wong mentioned that Rupee was weak, it was back in March 2014. During that time, one Rupee can get you 0.053805 Ringgit.


However, in 2015, Ringgit has depreciated substantially against the Rupee (Malaysia is a net oil exporter while India is a net oil importer). As at 24 December 2015, one Rupee can buy 0.064287 Ringgit, 19% more.


There is one more hurdle to clear. India does not have a strong power equipment manufacturing industry. As such, it is likely that the IPP needs to import the equipment and parts. We have all known by now that if you import anything, you need to pay US Dollars. Bearing in mind that the Rupee has depreciated against the US Dollars, how much USD debt does the IPP have ? Will all the advantge gained from strengthening of Rupee vs Ringgit be offset by the Rupee vs USD depreciation ?

Luckily, according to the 3 March 2014 article, both the IPP's revenue and debt are denominated in Rupee.

It seemed that we have a winner - no USD adverse impact, but strong Rupee will boost profit contribution to Mudajaya. Nice.


...................

The reason management forecasted RM 100 Million is likely due to the exchange rate movement and higher tariff in India currently as explained on my postings above

Posted by probability > 2020-01-18 11:38 | Report Abuse

Mudajaya sees ray of hope in turning around

March 11, 2019

https://www.theedgemarkets.com/article/mudajaya-sees-ray-hope-turning-around

“The outstanding challenges that remain will be to secure a PPA (power purchase agreement) for Unit IV and its associated working capital,” said Wong.

He expects further share of losses in the next two financial quarters in the Indian operation. The losses are mainly from depreciation and interest cost of the completed units but have yet to commence power sales.

“Notwithstanding this, we remain confident that the IPP project in India will generate positive results once power sales from all four units commence in the near future,” he said.


.........................

3 financial qtrs had passed now from above date..

Posted by probability > 2020-01-18 11:48 | Report Abuse

the volume of shares changing hands last 2 months is unprecedented..never in last 10 years.

its very likely 'ini kalilah'!...

coal cost is too cheap to ignore


Posted by Alfonso > Jan 17, 2020 4:28 PM | Report Abuse

ini kali lah

Posted by johnny cash > 2020-01-18 12:18 | Report Abuse

Do not miss this stock this time.. If you have money, doing nothing in the bank, better buy this stock... This time sky is turning clearer for this stock... Then do not sell fast, keep it.. Slowly earnings will be ok, there will be some up and downs, so be strong.. But not that bad.. This stock is very weird and funny.. Sometimes overall market is bad, but this stock will be shooting up like rocket.. Government is pump priming the whole economy and all sectors, example construction, property, telcos, and all others.. All the POSITIVE NEWS are coming out daily this days.. The latest is the Biggest NFCP project, will be announce anytime this month.. This is going to push the market for a BULL RUN.. we have to wait and see, how strong will this bull run be... So do not waste time, position yourself now in the market NOW..

Posted by johnny cash > 2020-01-18 12:24 | Report Abuse

Pay attention also on NFCP stocks, telcos.. Who are going to be beneficiaries of this BIGGEST NFCP PROJECT which will run for 5 years... Government had located big budget money for this project.. So keep an eye on them too

Posted by johnny cash > 2020-01-18 12:27 | Report Abuse

Mudajaya is still cheap.. So think wisely and position yourself at this early times.. Be greedy when others are in fear.. There will be up and downs, so be strong, and hav a strong faith in God

Posted by yoyo > 2020-01-18 13:19 | Report Abuse

Between Jaks and Mudajaya, i join Mudajaya. Why? below is my own thinking and comparison of these 2 companies
Mudajaya has gone through night mare and hardship in power business so now it should be very strong player.
Another key reason is Mudajaya they really have the technical know how to build and run IPP, look at their BOD expertise background.
Without RKM investment, they are doing well with double digit margin.

Posted by PresidentRotiCanai > 2020-01-18 20:41 | Report Abuse

A lots jaks lover come to mudajya liao

Posted by johnny cash > 2020-01-18 20:47 | Report Abuse

Yes now many are coming back to this forum.. Good days for mudajaya if you position earlier in this stock... Scenario is Very Different Now

Posted by PresidentRotiCanai > 2020-01-19 00:24 | Report Abuse

Price History of Mudajya
2010-RM4.00
2013-RM2.90
2017-RM1.60
End of Sep 2019-RM0.16 bottom and start to rebound
2020-RM0.510 (APA TUNGGU LAGI!!)

First time golden cross after few years

Posted by johnny cash > 2020-01-19 11:27 | Report Abuse

Any TA expert here.. Technical analysis here,, what are the support levels for mudajaya at the moment???? What are the best entry points, at the moment for mudajaya, if want to buy??? It s good for newbie s so they won t buy expensive

Posted by johnny cash > 2020-01-19 11:28 | Report Abuse

Any TA expert here

Posted by Alfonso > 2020-01-20 08:13 | Report Abuse

wish mudabangla all the best, enuf of india movie, be serious now bro

Posted by 靓女 phoon phoon > 2020-01-20 08:46 | Report Abuse

sell run fast

Posted by therainmaker > 2020-01-20 10:07 | Report Abuse

Without RKM investment, they are doing well with double digit margin. Investment has its risk. God knows India has such regulations. After impair the power plant, the company's PL looking +ve

Posted by Michael Kwok > 2020-01-20 11:43 |

Post removed.Why?

Posted by PresidentRotiCanai > 2020-01-20 12:14 | Report Abuse

Morning move a bit, afternoon come hot again

Posted by Kukuman > 2020-01-20 12:30 | Report Abuse

Where is the king of promoter CharlesT? He used to ask everyone include their dogs to buy when the price was around MYR1.00.. He should come out again now with more forceful promoting since the price is now double down at MYR0.52 ! Pity

Posted by Depeche > 2020-01-20 13:31 | Report Abuse

By 2021, this stock should be over
1.00...or could be sooner...the new major shareholder has yet to secure biz for them...contracts should start rolling in from Taiwan this year plus contracts from local projects...and then there is India too.

Posted by PresidentRotiCanai > 2020-01-20 15:52 | Report Abuse

Small kaki throw few hundred, big kaki sapu few thousands

Posted by STUPIDPUNCAKKPS > 2020-01-20 16:52 | Report Abuse

bought mudajya 0.54...tp 0.74 after chinese new year

Posted by STUPIDPUNCAKKPS > 2020-01-20 16:52 | Report Abuse

ecrl main contender

Posted by PresidentRotiCanai > 2020-01-20 17:56 | Report Abuse

India power plant gogogo

Posted by COW666 > 2020-01-21 06:51 | Report Abuse

Just ckup ajer sure ong mali