Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

Is TSH a great business?
How good is its management?
Is its stock deeply undervalued?

Comparing TSH and United Plantation can highlight the differences in the quality of these 2 companies plantation businesses and the qualities of their managements.

In April 2022, United Plantation was prices RM 16 per share and TSH was priced RM 1.78 per share (when recommended and promoted by our Singaporean friend).

It is better to buy a great company at fair price than a gruesome company at great price. (Quoting Buffett).
Many "investors" lost money because they became interested in a stock at a time when its business was at a temporary good period. (Quoting Benjamin Graham).

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

Our Singaporean friend promoted NETX at 2 sen per share, highlighting to everyone that it was cheap as it was going to 20 sen per share. Recalled he was so convicted, he sold 8 houses to buy into NETX. Not only did NETX not grow, it got decimated ?90%.

Our Singaporean friend does not seem to learn his mistakes, repeating these frequently. Thank you for allowing us to observe and learn from his mistakes.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 4 weeks ago | Report Abuse

Overview of the Plantation stocks

Only a few can be held long term (e.g. United Plantation, Kim Loong).
If you must play this sector, be very sure why you are investing into the stock. It is so undervalued that it is a cigar-but t investing situation (quoting Buffett).
However, you will be a lot richer if you stay with high quality growth companies which you can buy at fair price and hold for the long term in a concentrated portfolio. (This presumes you have the ability and the temperament to do so.)

Posted by Sslee > 4 weeks ago | Report Abuse

Plantation is all hard work facing yearly increasing cost and profitability depend on FFB production and CPO market price.

There will not be any more new land opening for plantation and plantation companies have to increase productivity by better plantation management and replanting with high yield planting material.

The demand for palm oil will increase as population increase as food and oleochemical (home care, personal care, plastisizer and etc)

Posted by mf > 4 weeks ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

42,514.95

-409.94

0.95%

Nasdaq

NASDAQ Composite

18,276.65

-296.47

1.59%

Posted by OneOracle > 4 weeks ago | Report Abuse

TSH last QTR core profit is 56 million after taking out One-off depreciation adjustment due to the completion of land disposal.
Normal operation profit margin already rose from 8 to 16% which was last seen in 2022.
Profit margin should further improve in coming few qtrs after Indonesia friendly policy changes.

Posted by calvintaneng > 4 weeks ago | Report Abuse

Why compare only Tsh at phase 4 to Uplant at phase 7?

why not compare Bplant or Jtiasa to Uplant? All have reached phase 7

Jtiasa up by 100% and Bplant up by 369% while Uplant for the same time period up only 63%

So given time Tsh should chase up both Jtiasa in earning and Bplant in value as well

Posted by OneOracle > 4 weeks ago | Report Abuse

TSH normal operation profit is almost close to JPG.
JPG is 2.7 bill valuation but TSH is only 1.5 billion.
Its hard to believe TSH is overvalued now even if you think TSH is not good.

Posted by dompeilee > 4 weeks ago | Report Abuse

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Our Singaporean friend promoted NETX at 2 sen per share, highlighting to everyone that it was cheap as it was going to 20 sen per share. Recalled he was so convicted, he sold 8 houses to buy into NETX. Not only did NETX not grow, it got decimated ?90%.

Our Singaporean friend does not seem to learn his mistakes, repeating these frequently. Thank you for allowing us to observe and learn from his mistakes.

1 hour ago

The memory is usually short when it comes to speculative waves. Old victims of calvin slink away cursing his name & new, inexperienced, credulous fools come to replace them.

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha so Good company, why are they resigned ??!😱

2) Resignation of Principal Officer : 



A) ED Tan resigned on June 2022 



B ) Ex CFO resigned on June 2022 



C) CFO Tan whom is appointed on June resigned on 4/8/2022 ….


D) New CFO Fong resigned on 1/9/2024


E) Group MD Tan resigned on 1/9/2024


Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha those followed Conartist eagle n supported by KonartistLee ( eagle said he is expert in Plantation ) average down every Rm 0.10 step down from RM 1.80 until RM 1.10 … are Trapped !!!😱

Posted by value_invest > 4 weeks ago | Report Abuse

After disposing it plantation, TSH, it's monthly and quarterly CPO production volume was significant decrease QoQ, therefore, despite evelated CPO price, TSH upcoming EPS may report decrease earning QoQ. TSH will need to spend hundred of millions for expansion to plant the new land, this will take another 5 to 6 years to bear fruits, TSH's gearing may go up in coming years.

Only look at TSH in 5 to 6 years time later...
After listening to one of the Plantation expert in phillip group chat, who predictimg TSH will lagging for years and Jtiasa will be going up slowly to reflect the fair value RM1.6 to Rm2.2 coming yeas with 6 to 7 div yield. SO, i sold all my TSH and shifted to Jtiasa which is in the Best time to buy. GOOD and LUCKY,,,

Posted by calvintaneng > 4 weeks ago | Report Abuse

Yes
In Philip group last time even got Serba expert and staff telling Philip to add more Serba at 32 sen (after falling from Rm2.20)

Philip even bought Serba bond

What happened to all the Serba expert and Philip shares and bond in Serba now?

And i warned about Serba

So now Can listen to palm oil experts there?

Better do own research carefully

I got both Jtiasa and Tsh


70% of Jtiasa lands are "rented" lands (PULAU BRUITS) and CANNOT BE SOLD

ALL OF TSH LANDS ARE BOUGHT BY CASH

AND CAN BE SOLD ANYTIME FOR 3X, 5X OR 10X PROFITS AND HIGHER JUST LIKE IJM PLANT LANDS AS THEY EXIST SIDE BY SIDE IN SABAH, BULUGAN, IKN NUSANTARA AND SUMATRA

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha Jtiasa had hidden risk on Replanting as FFP output since 2019 is dropped significantly and the rented land ( ard 76 % ) is identified by Sarawak gov :


suitable location for cultivating hybrid rice due to its fertile land, ideal for agricultural activities, the Sarawak Public Communications Unit reported.20 Feb 2024

Posted by calvintaneng > 4 weeks ago | Report Abuse

Philip listened to Serba staff in his telegram and bought even more Serba without taking heed to our Research

See

👇

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-01-04-story-h1567003523-SERBA_DINAMIK_TURNING_INTO_SERBA_DYNAMITE_I3_FORUMERS_PLEASE_BE_VERY_CA

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha the promoter in Jtiasa not reply : KonartistLee ..


Jtiasa FFB Production Output :

> 2002 started replanting:

July-Sept: FFB MT

2019: 425,801

2020: 326,209 ( - 23.4 % vs 2019 )

2021: 195,447 ( - 54 % vs 2019 )

2022: 263,948 ( - 38 % vs 2019 )

July 2023 : 110,269
August 2023 : 120,313
Sept 2023 : 129,158

Total = 359,740 ( - 15.5 % vs 2019)


> July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183

Total = 343,397 ( - 19.4 % vs 2019 )



> Compared 2024 July- September to 2023 is reduced by - 4.54 %


👉 Question 1 ) Peak Production Season is May to November, why FFB production output is reduced ?

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha the Buy want u Not understand story teller without facts n figures as hoho posted in Yinson !

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha this is the dog n dragon story teller on Serba :


Posted by CharlesT > 18 hours ago | Report Abuse

https://klse.i3investor.com/web/blog/detail/Telegram/2021-06-15-story-h1566847714-Why_I_bought_even_more_SERBADK_bonds_and_stocks

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha just KonartistLee konpetHuang :

Pokkai TinKosongHuangbk blowing PMCORP with TP RM 2.00 , see its Value since 2013 wow.. ( Calvin blowing RM 5.00 to RM 10 ) …must be loss naked liaw .. want to share ❤️in PMCorp wow .... hibernated more than 7 years in a cave since 2014 until 2021… must be created a lot aka id … beware .




>> Pokkai TinKosongHuang joined the Kacukan 🐍Tippu Tippu gang ( even Tippu newbies membership fees RM 100 ) in TopGlove on 2024 to promote HK/China and US stock ____. Beware ..

Aka ID Marry n MrHuangbk n jc963852 are Banned permanently.

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha and he/she will used similar/ abusive id to post abusive n unethical content as in YTLpower n Yinson , n other forums !

Posted by calvintaneng > 4 weeks ago | Report Abuse

no need to wait till Nov 2024

see last qtr results of Tsh will know ..

1. Last qtr Tsh reported a 1.49 sen profit ..

however if you study the balance sheet

under Part A
Explanatory Notes

point 8

Off off depreciation adjustment
rm21.974 millions (due to cancelation of 3rd portion Bulugan land sale aborted)..

if not Tsh should have reported almost a nice 3 sen profit

now that these lands with productive palm oil (matured ) will add back to it's Ffb

plus no more one-off write back

plus Tsh used to pay Rm20 millions bank interest and now only Rm5 millions interest which is a great reduction

it's cash also get a positive interest which negates it's interest payment


all these cash positive move plus the most important of all

Bulugan Kipi land and Bongan Ikn Nusantara lands are going up in value everyday

just like Shenzhen land prices rise up to overtake Shanghai and Beijing Ikn Nusantara lands are rising steadily all the time

Posted by calvintaneng > 4 weeks ago | Report Abuse

in Batu Kawan industrial lands now worth Rm2 millions to Rm30 millions per acre


in Kipi Bulugan Tsh own 13,338 acres land here still with low book value of Rm16,000 per acre

they call this the world biggest "greentech park"

and Indonesia banned export of Nickel (Ev battery ) and in some measure banned export of Bauxide, copper and other minerals

they want it's resources to be sold as finished or semi finished products

as such China, korea, Russia and others are making heavy investments into Indonesia

How can these lands be only Rm16,000 an acre when Batu Kawan worth up to Rm30 millions an acres?

How to be long term competitive against Kipi Tanah Kuning where they have the most valuable resources ?

Indonesia palm oil also more than double that of Malaysia

Posted by calvintaneng > 4 weeks ago | Report Abuse

https://youtu.be/pkCK5BHtWKc?si=AF6hiNOoLmecQHrD


see Tsh brightest prospects her

Posted by OneOracle > 4 weeks ago | Report Abuse

TSH margin improved by 100% even though lower production.
But volume only drop by 10%.
So even next quarter lower production doesnt mean it will have lower profit.
But JPG Jtisia Thplant all show dropping margin.
So increase volume of sales might not translate into higher profit.
Volume of sales is not only factor to profit.

Posted by calvintaneng > 4 weeks ago | Report Abuse

See these figures to see how great future potential Tsh got in Kipi Tanah Kuning

Penang Govt own just above 6,000 plus acres of lands in Batu Kawan

In comparison Tsh owns more than double at 13,338 acres strong

Price only less than 0.1% in value

That is why Tsh has immense potential due to its very deeply hidden value

https://theedgemalaysia.com/article/cover-story-batu-kawan-continues-grow

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha Conartist no wander PMCOrp is Lembik since 2013 … konleePetHuang see the value wow RM 2.00 … now see the 👻 ke !!🤣🤣🤣😱

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha btw oredi is proven many times he-she is a TinKosong ! Now SotSotDe ! 🤣🤔

Posted by keatseongUOB > 4 weeks ago | Report Abuse

why this forum talk so many non related things? I wanna learn from good sifu like Calvin

Posted by Mikecyc > 4 weeks ago | Report Abuse

KonartistLe u forgot yr konpetHuang ke … oredi SotSotDe le since see the value RM 2.00 of PMCorp since 2013 … now is worst le …sold Asset bought A&W from 49 % to 100 % .. then the latest QR is incurred Huge Loss … no wander yr konpetHuang became SotSotDe … worst than TinKosong 🤣🤣🤣

Posted by Sslee > 4 weeks ago | Report Abuse

Repost:
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ 12 months FYE 30/6/2024

INCOME STATEMENT
Revenue 1,015.8 m
Gross Profit 305.7 m
Operating Profit 227.2 m
Finance costs 18.5 m
PBT 206.6 m
Net Profit 141.1 m

BALANCE SHEET
NCA 1,595.6m
CA 395.7m
TA 1981.3m

CL 141.9m
NCL 175.6m
TL 454.2m

Equity 1,527.1m

Cash & Eq 283.0m
STL & Borrowings 57.7m
LTL & Borrowings 136.6m

Net Asset per Share 1.58
No of ord shares 967.991m

CASH FLOW STATEMENT
PBT 206.6m
D&A 137.7m
OCFBWCC 395.9m
CFO 391.8m
NCF from operating activities 360.0 m

Acquisition of subsidiaries (52.3m)
Acquisition of PPE (49.3m)

Dividend paid (40.7m)

FINANCIAL INFORMATION
JTIASA
Share price 1.070
Market cap 1.042b
ROE 9.14%
P/B 0.68
NTA 1.58
EPS 14.44 sen
PER 7.41
DPO policy 20%
Dividend 3.2 sen
DY 2.99%

FCF 307.4m
10/09/2024 4:13 PM

Jayatiasa plantation EBITDA for FYE 30/6/2024 is RM 414 million.

Segmental Information
The financial information in respect of the Group’s business segments for the current financial year
ended 30 June 2024 is as follows:
Oil Palm Timber Others Elimination Total
RM'000 RM'000 RM'000 RM'000 RM'000
REVENUE
External 957,886 56,589 1,317 1,015,792
Inter segment 720,949 83,663 3,320 (807,932) -
Total Revenue 1,678,835 140,252 4,637 (807,932) 1,015,792
EBITDA 414,132 (20,520) (1,598) - 392,014
Finance cost (9,998) (8,352) (111) - (18,461)
Depreciation and amortisation (125,588) (10,067) (2,051) - (137,706)
Segmental result 278,546 (38,939) (3,760) - 235,847
Group admin and overhead cost (27,064)
Other expenses (2,190)
Profit before tax 206,593

Posted by Sslee > 4 weeks ago | Report Abuse

Bruit Island is an island in Daro District, Mukah Division, Sarawak, Malaysia. It is located in the Rejang Delta, 150 km northwest of Kuching. With a population of around 9,342 and an area of 417 square kilometres
Island land area 41,700 hectare

21,000 hectare jtiasa plantation:

Land area
Planted area
Hectare
Wealth Houses Plantation 6,000 5,757
Eastern Eden Plantation 10,000 8,580
Poh Zhen Plantation 5,000 2,933
11/09/2024 11:19 AM

FYE 30/6/2024 Jayatiasa acquired 55% Stake in Wealth Houses Development (land owner) for MYR52 Million

Posted by Mikecyc > 4 weeks ago | Report Abuse

Jtiasa hidden risk :


1.) Why Subur Tiasa and Rsawit ( under same RH group with Jtiasa ) are loss making in Timber and Plantation business?
Subur Tiasa even diversified business into pipe manufacturing n auto sector since May 2023 .😱

2.) Pulau Bruit land is identified suitable for Hybrid Rice cultivation on 2024 … announced by UKAS , in line with Sarawak government vision to support Sarawak rice demand by own cultivation ( currently 34 % ) . Even to rivalling Kedah which supply 40 % Rice demand in Malaysia , of course need financial supports from Federal government on this .


> An illustration: as the company said 3% planted area 69589 is > 18 years , averagely 14 years , ie : 2087 hectares going to be Sawah Padi out of the
Rented land 52,880 hectares ( 76 % of planted area) .

Note : Rented Land , Approximate age of building: 15 years


3.) Replanting cost for the rented land 52,880 x 30,000 , need Rm 1.6 Billion.

QR ended June 2024 : Reserve n Retained earnings is RM 0.5 Billion.

4.) 2nd Major ( 14 % ) keep disposed shares from August 2023 to July 2024 until left 6 % .

Posted by emiteno > 4 weeks ago | Report Abuse

jaya tiasa better, this too slow

Posted by Mikecyc > 4 weeks ago | Report Abuse

Jtiasa

Haha interesting le , 👉referring to Annual Report FYE2023 :

Top 10 List of Properties Owned :

1.) Pulau Bruit , Bruit Land District

👉Tenure : Rented land

Existing use : Oil Palm estate, CPO mill , Building & Quarter


👉Area : 52,880 hectares ( 76 % of planted are ) .


Approximate age of building: 15 years


2.) Pulau Bruit , Lot 5,6,14,15 Bruit Land District

Tenure : leasehold until 2064

Existing use : Oil Palm estate, Building & Quarter


👉Area : 10,043 hectares


Approximate age of building: 11 years


> Where as other 9 properties are with Leased Tenure until 2060 , 2064 etc .


>>👉👉Going to tanam Hybrid Rice !!!



ukas sarawak gov
https://ukas.sarawak.gov.my › pul...
Pulau Bruit Suitable to Become One of Sarawak's Hybrid Rice Cultivation Area – UKAS


20 Feb 2024 — DARO: Pulau Bruit possesses land suitable for cultivating hybrid rice due to its fertile soil conducive for agricultural activities.

Posted by Mikecyc > 4 weeks ago | Report Abuse

Jtiasa FFB Production Output :

> 2002 started replanting:

July-Sept: FFB MT


2019: 425,801

2020: 326,209 ( - 23.4 % vs 2019 )

2021: 195,447 ( - 54 % vs 2019 )

2022: 263,948 ( - 38 % vs 2019 )

2023 : 359,740 ( - 15.5 % vs 2019)

2024 : 343,397 ( - 19.4 % vs 2019 )


> From 2019 to 2021 FFB output is reduced by 54 % … 2023 is reduced by 15.4 % ..

> Compared 2024 July- September to 2023 is reduced by - 4.54 %


Hoho No wander the 2nd Major ( 14 % ) keep disposed shares from August 2023 to July 2024 ( balance 6 % ) , during Price is Uptrend.


>> Coincidentally FFB July- September 2024 Output is started reducing.

Posted by Mikecyc > 4 weeks ago | Report Abuse

Kimloong

FFB production output ( MT ) :

2019 :
July 20,800
August 20,849
Sept 20,517

Total = 62,166


2020 :
July 23,166
August. 22,192
Sept. 24,803

Total = 70,161. ( + 12.9 % vs 2019 )


2021 :
July 21,956
August 22,387
Sept. 24,654

Total = 68,997 ( + 11 % vs 2019)


2022 :
July 20,971
August. 24,796
Sept. 26,727


Total = 72,494 ( + 16.6 % vs 2019)


2023 :
July. 27,553
August 26,864
Sept. 28,295


Total = 82,712. ( + 33 % vs 2019 )



2024 :
July. 26,503
August. 27,367
Sept. 27,464

Total = 81,334. ( + 30.8 % vs 2019)



👉Compared to Jtiasa :

July-Sept: FFB MT


2019: 425,801 


2020: 326,209 ( - 23.4 % vs 2019 )


2021: 195,447 ( - 54 % vs 2019 )


2022: 263,948 ( - 38 % vs 2019 )

July 2023 : 110,269
August 2023 : 120,313
Sept 2023 : 129,158

Total = 359,740 ( - 15.5 % vs 2019)


> July 2024 : 101,601
August 2024 : 123,613
Sept 2024 : 118,183

Total = 343,397 ( - 19.4 % vs 2019 )

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha why Jtiasa CPO mill utilization is ard 50 % ???

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha referred to Jtiasa latest QR … there is leased land being terminated… if used TDM lease rate of RM 578 per acre per year … ard 34 acres !!

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha Jtiasa CPO production cost is Less than RM 3000 / mt .

TSH CPO Production cost ?

Posted by Mikecyc > 4 weeks ago | Report Abuse

TSH :
Current Ratio 2.19
Debt-Equity (DE) Ratio 0.25
FCF Yield 2.16 %
Revenue QoQ 4.18 %
Revenue YoY -1.58%
Profit QoQ 2.77 %
Profit YoY 95.32 %
Profit Margin (Sector Median: 6.8) 9.07 %
ROE (ROIC: 3.95) 4.14 %
Dividend Per Share (DPS) 2.5 sen
Dividend Yield (DY) 2.31 %

Jtiasa :
Current Ratio 2.73
Debt-Equity (DE) Ratio 0.34
FCF Yield 20.72 %
Revenue QoQ 7.29 %
Revenue YoY 12.96%
Profit QoQ 58.46 %
Profit YoY -73.9 %
Profit Margin (Sector Median: 4.8) 13.84 %
ROE (ROIC: 11.17) 12.59 %
Dividend Per Share (DPS) 6.0 sen
Dividend Yield (DY) 4.92 %

Kimloong :
Current Ratio 3.44
Debt-Equity (DE) Ratio 0.32
FCF Yield 8.12 %
Revenue QoQ 4.52 %
Revenue YoY 5.27%
Profit QoQ -20.22 %
Profit YoY -8.88 %
Profit Margin (Sector Median: 9.8) 10.06 %
ROE (ROIC: 16.4) 17.08 %
Dividend Per Share (DPS) 13.0 sen
Dividend Yield (DY) 5.42 %

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha oh Kimloong is highlighted by ethical Sifu 3iii …

Posted by calvintaneng > 4 weeks ago | Report Abuse

Kmloong very small acres

we don't have it in Top 10 chosen

Posted by calvintaneng > 4 weeks ago | Report Abuse

Tsh ok
Jtiasa ok
Bplant ok

no Kmloong

see

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2021-11-04-story-h1593687704-Reposted_Article_OIL_PALM_STOCKS_IN_Bull_Run_Time_Those_Prepared_with_B

Posted by Sslee > 4 weeks ago | Report Abuse

Mike-tikus mind also put in what 3iii highlighted about jaks?

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha as posted earlier on Jaks :

Haha Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder from 9.9 % ( 2017 ) to 14 % ( 2023 ) , after Uncle K intention to take over with 30 % on 2017/2018 , is failed ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.


B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)


2.) QR ended December 2023 :

Revenue: 4.3 Million , Loss ( 0.4 Million )


3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉( Note : Loss is due to Depreciation.)



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

800 MW CGPP winners even can sell RE electricity cross border.



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) CAGR : 3Y + 29.9 % TTM + 28.4 %

Posted by Sslee > 4 weeks ago | Report Abuse

So in summary Jaks is a gruesome stock🤮

Posted by robrob121212 > 4 weeks ago | Report Abuse

When JAKS can get delisted, just save everyone some misery

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha Jaks oredi got the MOAT by successfully diversified into Vietnam Power Plant 1200 MW , EPCC RM 8.7 billion on January 2021

And diversified into RE Solar …. LSS5 2000 MW EPCC RM 7.2 billion : Jaks submitted tender for 200 MW ( with intention up to limit 500 MW ) .

Lease land from TDM can be a 200 to 500 MW Solar farm depends on solar panels efficiency 12 % or 18 % .


Tender award is scheduled to be announced on November 2024 .

Only if Jaks succeed in LSS5 tender ， shl start showing efficient scale in RE industry!

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha sorry need to post Jaks again .. Delisted ?

Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X


Posted by Mikecyc > 4 weeks ago | Report Abuse

Jaks non current asset :

Investment in Joint Venture:

QR ended

> March 2016 = 128,297,000

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000
( note : Profit from Construction of the Power Plant is ard RM 400 Million .. Final COD on January 2021 )

> March 2022 = 748,656,000

> March 2023 = 829,105,000

> September 2023 = 897,378,000

> December 2023 = 904,495,000

> March 2024 = 936,836,000

> June 2024 = 943 ,960,000