JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.18

Today's Change

+0.01 (5.88%)

Day's Change

0.175 - 0.185

Trading Volume

60,798,600

Discussions
39 people like this. Showing 50 of 64,441 comments

Tyre220069

Done at 14.5 c

8 hours ago

Tyre220069

a good track record from China, chances very high to get 500 mw
1:59 pm
500 mw easily 100 mil profit as Jaks has 51%.
2:00 pm
100 mil plus 135mil=235mil per year , now jaks value only 400mil plus..very cheap.
2:02 pm
Sell the mall asap..jaks market value should be 2 bi.
2:03 pm
80c , is fair price..WC 40c..will this achieve in 2024, b4

8 hours ago

MrHuangBK

Isn’t that a bit far fetched?

LSS5 has 2GW. To get 25% contract by Jaks is impossible.

How is Jaks going to fund this project? They just recently PP for working capital.

VN doing well.. its way out of their project estimation cash flow position. This is not well.

8 hours ago

Sslee

JHDP doing very well but did jaks take up the addition 10% JHDP?

8 hours ago

Sslee

The option to exercise the purchase of additional 10% shareholdings in JHDP has expired. The main objective for the Group is to focus on our core businesses, mainly Construction and Power & Energy.

We intend to bid up to 500MW for the upcoming LSS5, partnering a renowned global player in the power generation industry. CAPEX numbers are still being finalised at this juncture.

Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon. For the written-off of receivables please refer to reply 1.1. For the basis of trade receivables impairment please refer to 1.2 and 1.2.2.

All the material related party transactions are diclosed in note 35 (b) to the financial statement. During our course of audit, we are not aware of other related party transactions

7 hours ago

Sslee

According to GTM Research, 1 MW solar farms require 6–8 acres to accommodate all the necessary infrastructure and space between panel rows

A 500 MW need how many acres?

Only plantation and big utilities companies stand a chance for a 500MW solar project.

Anyhow jaks can dream on.

7 hours ago

Sslee

So not one take responsibility, accountability and answerable to total net impairment of RM153.5 millon receivables for the past 5 years?

Can expect more to come?

7 hours ago

Mikecyc

Haha konartist sslleee now only yr Pokkai Tin Kosong auntii Huang follow dumbass group ke ….🤣🤣🤣

7 hours ago

MrHuangBK

Miketikus.. u finally active?

Hold since 19c in 2023… stuck 1 year still no profit ? 😂😂

U self professed guru failing again

7 hours ago

Mikecyc

Haha how Jaks n the China partner get Financing on the Vietnam Power Plant USD 1.87 Billion.. compare to LSS5 500 MW RM 1.8 Billion…..

7 hours ago

MrHuangBK

Hahaha Miketikus stays ignorant

China banks can finance China companies.

China banks won’t finance Jaks. That’s why 🤣

7 hours ago

Mikecyc

Haha Jaks LSS4 50 MW project in Penang … project capital is ard RM 200 million… how Jaks bought the Land ….

7 hours ago

Mikecyc

Haha LSS5 2000 MW .. each bidder can bid up to Maximum 500 MW … project Capital is estimated RM 1.8 Billion as 2000 MW is estimated RM 7.2 Billion..

7 hours ago

Mikecyc

Haha Ssleee bought Land in Penang wow …..

7 hours ago

Mikecyc

Haha as said after the 1st event LSS5 2000 MW … then 2nd event : 👉Jaks Won on March 2024 from Federal Court against Star on the 6 years Legal battle .. now claim against Star over RM 540 million , case management is scheduled on August 2025 ..

》 Pacific Star losses shl be reduced n Improve…


7 hours ago

Mikecyc

2nd event : 👉Jaks Won on March 2024 from Federal Court against Star on the 6 years Legal battle .. now claim against Star over RM 540 million , case management is scheduled on August 2025 ..

—-

Posted by Sslee > 25 minutes ago | Report Abuse

So not one take responsibility, accountability and answerable to total net impairment of RM153.5 millon receivables for the past 5 years?

Can expect more to come?

7 hours ago

Mikecyc

Haha Jaks Last PP still had Investors interested… See Hexcap 20 % PP in Jan 2024 No News ( No investor interested ) .. then PP proposal which is approved in EGM on April 2024 is also No News …

7 hours ago

MrHuangBK

So PP is a good way to prove a company is doing well?

What if PP is for working capital while cash flow remains negative despite years of operating in Vietnam

7 hours ago

Sslee

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).

AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).


Full borrowing for 50MW LSS4.
Any bank dare to lend more money to jaks for LSS5 500MW?

6 hours ago

godhand

ss lee still holding jtiasa?

6 hours ago

Mikecyc

Haha Pokkai Tin Kosong Auntie Kon Huangbk blowing PMCORP with TP RM 2.00 , see its Value since 2013 wow … must be loss naked liaw .. hibernated more than 7 years since 2014 … 


>> Haha Pokkai Tin Kosong Auntie Kon Huangbk joined the Kacukan Tippu Tippu gang in TopGlove on 2024 to promote HK/China and US stock ____. Beware ..

👉 Haha Insas forum became konartist sslleee paid Macai Pokkai kon Ularsawa …..and Kon qqq47760 ( Ori id qqq3333 n aka qqq1212 , both are banned permanently) platform to promote Hk /China n US stock … 
also Ularsawa Sifutt Pokkai Kon Stingray..
on 2023 …


Beware those sweets talks on US n HK stock for promoting online trading platform…maybe scam platform as news article is published. 


6 hours ago

MrHuangBK

Hahah.. Miketikus still talking 2013

Were you even born in i3?

Nothing to slander from 2022 onwards? 🤣🤣

6 hours ago

Mikecyc

Haha why Jaks partner with its China partner …



Posted by Sslee > 3 minutes ago | Report Abuse

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).

AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).


Full borrowing for 50MW LSS4.
Any bank dare to lend more money to jaks for LSS5 500MW?

6 hours ago

MrHuangBK

Miketikus still ignorant

Jaks tried Tenaga first .. got rejected

China now controls the money portion of VN ops. Jaks demoted to KELEFE

This also don’t know 🤣

6 hours ago

Sslee

Anyone hold BOD accountable, responsible and answerable to what BOD promised on the addition 10% JHDP in the 21th AGM?

At 21th AGM
Question: Please provide an update on the status of subscribing the additional 10% stake in JHDP. Is JRB planning for a cash call (right issue) to subscribe the additional 10% of JHDP?

Answer: We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.


At 22th AGM
Question: Purchase progress of additional 10% in Jaks Hai duong?

Answer: The option to exercise the purchase of additional 10% shareholdings in JHDP has expired. The main objective for the Group is to focus on our core businesses, mainly Construction and Power & Energy

6 hours ago

warchest

Let's give the Company a benefit of doubt. Once more

6 hours ago

warchest

after the AGM, i see finally the Group is trying to revive its issues especially on the funding. Short to mid term, i don't see 24 cents is an issue. every dog has its days. even the blackest one

6 hours ago

warchest

there are a few catalysts. if they can demonstrate they can recoup at least RM200m back in JHDP with dividend back to the shareholders. Moreover, they are working out on off-court settlement with the Star

6 hours ago

warchest

this company i can see as 10-15% downside with 100% potential upside

6 hours ago

MrHuangBK

Dividend? Jaks don’t have free cash flow position. Maybe 2026

6 hours ago

Sslee

Posted by godhand > 40 minutes ago |
ss lee still holding jtiasa?

Yes still holding Jtiasa. Expect quarter end 30/6/2024 result should be better than last quarter and with dividend.

If CPO price can hold above RM 3,900, I expect Jtiasa price to test the 52 weeks high of RM 1.53 by year end.

6 hours ago

Mikecyc

👉 I asked Konartist sslleee in Jtiasa forum :

1.) what is Indonesia CPO export ban status?

2.) What is Indonesia Biodiesel programme progress status ?

Konartist sslleee replied is he just want to make money only …🤣🤣🤣😅🤔

5 hours ago

Mikecyc

Haha why your idol Conartist Callvin not Promoting Jtiasa ? Only bla bla bla on TSH …🤣🤣🤣

5 hours ago

Mikecyc

Haha btw Konartist sslleee where is yr Promoting partner in SCIB .. Koni3lurkker aka Balian ( half way changed name to Balian , said if not make 600 % Profit in 12 months , by early 2025 will become a 🐶, why So depressed n desperate Lee …🤣🤣🤣🤔

5 hours ago

Mikecyc

Haha Jtiasa : Insider keep disposed shares :

Announced Date Change Type Shares Name
12 Jul 2024 09 Jul 2024 Disposed 48,700 GENINE CHAIN LIMITED
12 Jul 2024 09 Jul 2024 Disposed 48,700 MR HO CHEUNG CHOI
09 Jul 2024 05 Jul 2024 Disposed 307,200 MR HO CHEUNG CHOI
09 Jul 2024 05 Jul 2024 Disposed 307,200 GENINE CHAIN LIMITED
05 Jul 2024 04 Jul 2024 Disposed 220,500 MR HO CHEUNG CHOI
05 Jul 2024 03 Jul 2024 Disposed 1,161,000 GENINE CHAIN LIMITED
05 Jul 2024 04 Jul 2024 Disposed 220,500 GENINE CHAIN LIMITED
05 Jul 2024 03 Jul 2024 Disposed 1,161,000 MR HO CHEUNG CHOI
03 Jul 2024 01 Jul 2024 Disposed 500,000 MR CHANG MENG
03 Jul 2024 02 Jul 2024 Disposed 39,000 MR CHANG MENG
03 Jul 2024 01 Jul 2024 Disposed 500,000 GENINE CHAIN LIMITED
03 Jul 2024 02 Jul 2024 Disposed 39,000 GENINE CHAIN LIMITED
20 Jun 2024 19 Jun 2024 Disposed 200,000 GENINE CHAIN LIMITED
20 Jun 2024 18 Jun 2024 Disposed 817,800 MR CHANG MENG
20 Jun 2024 19 Jun 2024 Disposed 200,000 MR CHANG MENG
20 Jun 2024 18 Jun 2024 Disposed 817,800 GENINE CHAIN LIMITED
08 Apr 2024 05 Apr 2024 Disposed 200,000 MR HO CHEUNG CHOI
08 Apr 2024 05 Apr 2024 Disposed 200,000 GENINE CHAIN LIMITED
05 Apr 2024 03 Apr 2024 Disposed 800,900 GENINE CHAIN LIMITED
05 Apr 2024 04 Apr 2024 Disposed 2,214,700 GENINE CHAIN LIMITED
05 Apr 2024 03 Apr 2024 Disposed 800,900 MR HO CHEUNG CHOI
05 Apr 2024 04 Apr 2024 Disposed 2,214,700 MR HO CHEUNG CHOI
03 Apr 2024 02 Apr 2024 Disposed 200,000 GENINE CHAIN LIMITED
03 Apr 2024 02 Apr 2024 Disposed 200,000 MR HO CHEUNG CHOI
27 Mar 2024 26 Mar 2024 Disposed 29,700 GENINE CHAIN LIMITED
27 Mar 2024 26 Mar 2024 Disposed 29,700 MR CHANG MENG
22 Mar 2024 20 Mar 2024 Disposed 89,100 MR HO CHEUNG CHOI
22 Mar 2024 20 Mar 2024 Disposed 89,100 GENINE CHAIN LIMITED
20 Mar 2024 19 Mar 2024 Disposed 3,200 GENINE CHAIN LIMITED
20 Mar 2024 18 Mar 2024 Disposed 1,045,500 MR HO CHEUNG CHOI
20 Mar 2024 19 Mar 2024 Disposed 3,200 MR HO CHEUNG CHOI
20 Mar 2024 18 Mar 2024 Disposed 1,045,500 GENINE CHAIN LIMITED
18 Mar 2024 15 Mar 2024 Disposed 1,387,900 GENINE CHAIN LIMITED
18 Mar 2024 15 Mar 2024 Disposed 1,387,900 MR CHANG MENG
15 Mar 2024 14 Mar 2024 Disposed 1,043,700 GENINE CHAIN LIMITED
15 Mar 2024 14 Mar 2024 Disposed 1,043,700 MR CHANG MENG
25 Sep 2023 22 Sep 2023 Disposed 341,800 MR CHANG MENG
25 Sep 2023 22 Sep 2023 Disposed 341,800 GENINE CHAIN LIMITED
22 Sep 2023 21 Sep 2023 Disposed 44,900 MR HO CHEUNG CHOI
22 Sep 2023 20 Sep 2023 Disposed 2,257,600 GENINE CHAIN LIMITED
22 Sep 2023 21 Sep 2023 Disposed 44,900 GENINE CHAIN LIMITED
22 Sep 2023 20 Sep 2023 Disposed 2,257,600 MR HO CHEUNG CHOI
20 Sep 2023 19 Sep 2023 Disposed 521,700 MR HO CHEUNG CHOI
20 Sep 2023 18 Sep 2023 Disposed 834,000 GENINE CHAIN LIMITED
20 Sep 2023 19 Sep 2023 Disposed 521,700 GENINE CHAIN LIMITED
20 Sep 2023 18 Sep 2023 Disposed 834,000 MR HO CHEUNG CHOI
18 Sep 2023 15 Sep 2023 Disposed 1,178,000 MR HO CHEUNG CHOI
18 Sep 2023 15 Sep 2023 Disposed 1,178,000 GENINE CHAIN LIMITED
15 Sep 2023 13 Sep 2023 Disposed 1,257,100 MR CHANG MENG
15 Sep 2023 14 Sep 2023 Disposed 1,822,000 MR CHANG MENG
15 Sep 2023 13 Sep 2023 Disposed 1,257,100 GENINE CHAIN LIMITED
15 Sep 2023 14 Sep 2023 Disposed 1,822,000 GENINE CHAIN LIMITED
13 Sep 2023 11 Sep 2023 Disposed 679,800 GENINE CHAIN LIMITED
13 Sep 2023 11 Sep 2023 Disposed 679,800 MR CHANG MENG
11 Sep 2023 08 Sep 2023 Disposed 1,063,100 MR CHANG MENG
11 Sep 2023 08 Sep 2023 Disposed 1,063,100 GENINE CHAIN LIMITED
07 Sep 2023 05 Sep 2023 Disposed 2,002,700 GENINE CHAIN LIMITED
07 Sep 2023 06 Sep 2023 Disposed 1,715,200 GENINE CHAIN LIMITED
05 Sep 2023 30 Aug 2023 Disposed 1,924,600 GENINE CHAIN LIMITED
05 Sep 2023 01 Sep 2023 Disposed 1,000,000 MR CHANG MENG
05 Sep 2023 01 Sep 2023 Disposed 1,000,000 GENINE CHAIN LIMITED
05 Sep 2023 04 Sep 2023 Disposed 1,282,100 MR CHANG MENG
05 Sep 2023 25 Aug 2023 Disposed 740,700 MR CHANG MENG
05 Sep 2023 04 Sep 2023 Disposed 1,282,100 GENINE CHAIN LIMITED
05 Sep 2023 25 Aug 2023 Disposed 740,700 GENINE CHAIN LIMITED
05 Sep 2023 28 Aug 2023 Disposed 759,300 MR CHANG MENG
05 Sep 2023 28 Aug 2023 Disposed 759,300 GENINE CHAIN LIMITED
05 Sep 2023 29 Aug 2023 Disposed 575,400 MR CHANG MENG
05 Sep 2023 29 Aug 2023 Disposed 575,400 GENINE CHAIN LIMITED
05 Sep 2023 30 Aug 2023 Disposed 1,924,600 MR CHANG MENG

5 hours ago

acnca84

hahahihihuhu

5 hours ago

Mikecyc

Haha these Konartist sslleee n Koni3lurkker aka Balian Promoted SCIB without knowing the Major shareholder ( over 20 % ) is on Force Sell …🤣🤣🤣👍

5 hours ago

Mikecyc

Haha earlier I thought Jaks will partner with his CGPP local Consortium partners.. but technically 2 of its partners are New in Solar energy… With the China Partner for sure will bid up to Maximum 500 MW …

5 hours ago

Mikecyc

Haha Local Gov learned from LSS4 that many of the Winners did not complete the project or requested to be postponed again …

5 hours ago

Mikecyc

Haha sslee now understand what is Pump n Dump .. or too Dumb to understand… compared with SCIB …🤣🤣🤣

5 hours ago

acnca84

apa gaduh2 sini?

4 hours ago

warchest

the dividend payment is already long overdue. maiden payment within 12 months. As indicated now, focus is to repatriate those profits back to JAKS

4 hours ago

Sslee

Is insider same as substantial shareholder (holder with more than 5%)?

3 hours ago

godhand

Yes still holding Jtiasa. Expect quarter end 30/6/2024 result should be better than last quarter and with dividend.

If CPO price can hold above RM 3,900, I expect Jtiasa price to test the 52 weeks high of RM 1.53 by year end.


expecting big dividends when they achieve FCF next year. im a small holder not as big as you

3 hours ago

Mikecyc

Haha Why Jtiasa Substantial shareholder .. more than 8 % ke .. 9% ke ( no worries sslee will verify) keep disposed shares ….

>>Revenue QoQ -37.16 %
Revenue YoY 18.81%
Profit QoQ -79.48 %
Profit YoY -2.84 %

Dividend Per Share (DPS) 4.2 sen
Dividend Yield (DY) 3.78 %

2 hours ago

Mikecyc

Haha Jtiasa Dividend records :

2018 : 0.005
2019 : 0
2020 : 0
2021 : 0
2022 : 0.028
2023 : 0.032
2024 : 0.025 ( Up to Feb 2024 )

2 hours ago

Mikecyc

Haha Palm oil trees 20 years age is considered old trees … need Replanting latest by 25 years age .

TSH : average Trees age 13.4 years … Jtiasa : average Trees age 14.0 years …


👉 see Public Invest Research on TSH article:


👉Jtiasa :

All our palm trees have matured. Out of the Group's total planted area of 69,589 hectares, about 3% of the palms are more than 18 years of age. The average age of palms is 14 years, which is within the prime production bracket.


👉TSH :

PublicInvest ceases coverage on TSH Resource due to slow growth, sluggish FFB yield
By Faiqah Kamaruddin
May 21, 2024 @ 11:02am

KUALA LUMPUR: Public Investment Bank (PublicInvest) is ceasing its coverage of TSH Resources Bhd due to the company's limited growth prospects and sluggish fresh-fruit bunches (FFB) yield.
The firm said it is reallocating its internal sources to other sectors.


Investors should no longer depend on any of our financial forecasts for TSH Resources in making investment decisions, nor infer any adverse opinion as a result of our decision to cease research coverage," said PublicInvest.

In a research note today, PublicInvest said FFB production growth is anticipated to be subdued this year due to the sale of plantation assets in Indonesia and Sabah (13,214 hectares) over the past two years.

"Additionally, the average age of the plantations is increasing (currently 13.4 years old), and FFB yield remains low due to insufficient replanting activities in recent years," PublicInvest said.

👉👉See my posts in TSH ..insiders n related parties keep Disposed shares .

2 hours ago

Mikecyc

Haha Jtiasa the 2nd Major shareholder keep Disposed share Le :


Top Shareholdings
Updated on 30-Sep-2023

Shareholder % Value (M)
Tiong Toh Siong Holdings Sdn Bhd 21.56% 232.85

Genine Chain Ltd 7.34% 79.27

Genine Chain Limited 6.28% 67.78

Tiong Toh Siong Enterprises Sdn Bhd 5.21% 56.27

2 hours ago

Mikecyc

> June 2022 : key matters discussed


56.
Why didn't Jaks consider to get bank loan to subscribe the additional 10 percent of JHDP? Any difficulty to get bank loan? With Jaks low current ratio as mentioned in presentation, shall able to get bank loan.


- We are currently looking at various funding options to exercise the 10% option, including utilising the dividends from the power plant to be re-invested for the 10% option.


👉👉👉- Additionally, banks do not conduct this form of equity financing.

43 minutes ago

BringMeFly

Good prospect. Sapu

39 minutes ago

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