JAKS RESOURCES BERHAD
KLSE (MYR): JAKS (4723)
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Last Price
0.135
Today's Change
+0.005 (3.85%)
Day's Change
0.13 - 0.135
Trading Volume
3,267,200
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
41 people like this. Showing 50 of 64,986 comments
Haha Repost from Jtiasa :
Haha no worries if investors still interested on PP fund raising …
As posted earlier:
Jaks 51 % : CPECC 49 % submitted tender 200 MW , EPCC is estimated RM 800 million ( although a newspaper had published it ) :
Jaks 51 % : RM 800 million x 0.51 = RM 408 million.
As referring to Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion:
Equity 25 % , Loans 75 % .
An illustration:
Equity 25 % : 800 x 0.25 x 0.51 = RM 102 million
> EPC contract on Solar Farm construction: 800 x 0.3 x 0.2 ( profit ) = RM 48 million.
102 million- 48 million = RM 54 million can be opt from :
1.) > Accumulated Profit :
March 2016 = 55,453,000 … > June 2024 = 369,116,000 .
Or
2.) Jaks non current asset :
Investment in Joint Venture:
> June 2024 = 943 ,960,000
On 75 % Loans , all parties had learned from LSS4 Tender .. need time for syndicated Loans esp on Green Loans ( lower interest rate ) .
> Jaks Gearing Ratio :
2QR ended June 2024 :
Gearing Ratio = 0.303X
—-
Posted by Sslee > ago | Report Abuse
Mike-tikus isn't it a fact jaks do not have money to take on any more project.
How sure are you on jaks getting LSS5 and how jaks going to finance it?
Unless jaks asking more money from investors or shareholders with PP or RI.
2 weeks ago
6 years of legal tussle, who gain?
question is why many legal cases take so long? is it not enough judges in Msia? or case is purposely prolonged by certain party?
2 weeks ago
Haha Kon Fox aka Demusang aka 123theman aka Musang King aka musangfoxking ke …now JJPTR ke
2 weeks ago
Haha as said earlier: year 2025 is Jaks year !
Let’s see the Last hurdle : LSS5 2000 MW EPCC RM 7.2 billion tender winners to be announced starting from November 2024 …
2 weeks ago
Now the legal tussle already resolved. It is a positive for JAKS as prolonging this issue is a lose-lose situation. the only parties that will benefits are the lawyers. Anyway, JAKS already agreeable to release RM50mil bank guarantee to the Star. Just that the latter was not satisfied and demanding RM134.5 million from JAKS as the balance purchase price for the land, along with late payment interest of RM43.22 million.
2 weeks ago
a few positive developments (i) legal tussles already ended (ii) the Group starts to bootstrap on their capital requirements (iii) Granting of LSS5 contracts (iv) more significant distribution of dividend from JHDPP is coming
2 weeks ago
It is bad company with bad management. But if they don't do something sill then it will go up
2 weeks ago
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 %
2 weeks ago
Further to the Company's announcement dated 5 November 2024, the Company wishes to announce the other salient terms of the Settlement Agreement as follows: - 1. JRB shall pay to Star Media Group Berhad (“STAR”) the sum of Ringgit Malaysia Five Million (RM5,000,000-00) by way of cash settlement within twelve (12) months from the date of this Settlement Agreement. 2. The Title to Tower A shall be delivered to STAR pursuant to the SPA within three (3) years from the date of this Settlement Agreement (“Title Delivery Date”), failing which STAR shall be entitled to late delivery interests at the rate of five per centum (5%) per annum calculated on the sum of Ringgit Malaysia One Hundred and Thirty-Four Million Five Hundred Thousand (RM134,500,000-00) from first (1st) day after the Title Delivery Date until the Title to Tower A has been delivered to STAR. 3. Both parties shall withdraw all suits and counterclaim with no order as to cost and without liberty to file afresh which has been done. Save for the settlement amounts to be paid, the Settlement Agreement is not expected to have any material financial or operational impact to the Group. This announcement is dated 6 November 2024.
2 weeks ago
See whether the Star legal suit will be withdrawn 7 days after Settlement Agreement dated 4-11-24…IE on 12-11-24
2 weeks ago
AI Overview
The results of the LSS5 tender are expected to be announced slightly earlier than previously expected, due to the increased demand for renewable energy in Malaysia.
The LSS5, or Large Scale Solar, is the fifth round of the program and is the largest allocation to date. The solar power plants developed under LSS5 are scheduled to be operational in 2026
The LSS5 tender was divided into four packages, each with different quotas and ownership requirements:
* Package 1
250 MW quota for rooftop or ground solar power plants with a generation capacity of 1–10 MW. This package is open to companies with at least 51% Bumiputera ownership.
* Package 2
250 MW quota for rooftop or ground solar power plants with a generation capacity of 10–30 MW. This package is open to companies with at least 51% Bumiputera ownership.
* Package 3
1,000 MW quota for rooftop or ground solar power plants with a generation capacity of 30–500 MW. This package is open to companies with at least 51% domestic ownership.
* Package 4
50 MW quota for floating solar power plants with a generation capacity of 1–50 MW.
The LSS5 program is expected to create significant job opportunities in the solar installation sector, with a need for approximately 60,000 Seda Malaysia-certified workers by mid-2025.
2 weeks ago
Haha TA is looking good :
1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid !
2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0
3.) Stoch RSI : 100 93.47
RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0
4.) Today volume = 16.775 million with VWAP 0.140
2 weeks ago
Haha why Gaipo Actor Xiaoeh : said Stucked in Jaks at RM 0.36 .. no time to study the fundamentals wow .. but free to Gaipo ard n close to the Kon gang ..
Member since 2020-05-07 …. Just waste the Buying Opportunity le .. anyway is proven a Gaipo actor Xiaoeh.. beware …
1 week ago
Today 8/11/2024 :
1.) MA10 0.132… BB mid 0.132
2.) MACD 0.002 -0.000 -0.002
3.) Stoch RSI : 100. 97.82
RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0
—-
Posted by Mikecyc > 1 day ago | Report Abuse
Haha TA is looking good :
1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid !
2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0
3.) Stoch RSI : 100 93.47
RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0
4.) Today volume = 16.775 million with VWAP 0.140
1 week ago
With the legal case out of the way......certainly will buy buy buy all the way up
1 week ago
Haha as at 12/11/2024 , 3.15 pm :
1.) MA10 0.134… BB mid 0.133
2.) MACD 0.001. -0.000 -0.001
3.) Stoch RSI : 77.05 88.52 ( started cooling as engine is hot )
RSI(14) Neutral 50.4
Stochastic(14) Neutral 50.0
Posted by Mikecyc > 3 days ago| Report Abuse
Today 8/11/2024 :
1.) MA10 0.132… BB mid 0.132
2.) MACD 0.002 -0.000 -0.002
3.) Stoch RSI : 100. 97.82
RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0
—-
Posted by Mikecyc > 1 day ago | Report Abuse
Haha TA is looking good :
1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid !
2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0
3.) Stoch RSI : 100 93.47
RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0
4.) Today volume = 16.775 million with VWAP 0.140
1 week ago
Jaks TA :
Haha as at 14/11/2024 :
1.) MA10 0.135 … BB mid 0.133
2.) MACD 0.001. -0.000 -0.001
3.) Stoch RSI : 56.50 63.19
RSI(14) Neutral 50.8
Stochastic(14) Neutral 50.0
———
Haha as at 12/11/2024 , 3.15 pm :
1.) MA10 0.134… BB mid 0.133
2.) MACD 0.001. -0.000 -0.001
3.) Stoch RSI : 77.05 88.52 ( started cooling as engine is hot )
RSI(14) Neutral 50.4
Stochastic(14) Neutral 50.0
Posted by Mikecyc > 3 days ago| Report Abuse
Today 8/11/2024 :
1.) MA10 0.132… BB mid 0.132
2.) MACD 0.002 -0.000 -0.002
3.) Stoch RSI : 100. 97.82
RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0
—-
Posted by Mikecyc > 1 day ago | Report Abuse
Haha TA is looking good :
1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid !
2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0
3.) Stoch RSI : 100 93.47
RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0
4.) Today volume = 16.775 million with VWAP 0.140
1 week ago
JediMaster research rated Jaks is below Junk stock rating very high risk to holding this stock please cut it immediately to safe your fund 🤪
5 hours ago
Haha Je-Die Masker calm down , take the right medication to cure lost naked in Lambo Star Wars .
JediMaster used Alibaba / Scenery / Jedi1985 to promote Lambo since 2020 ( is delisted on October 2024 ) .
3 hours ago
Do you think i am same Standard to you Jaks and Lambo are same class both are junk stock only Sohxx like you buy this kind of junk stock 🤪
2 hours ago
Jaks Vietnam foreign asset in USD quarter end Sept 2024 will see big FX exchange losses.
2 hours ago
Haha copied from Pchem :
Posted by Johnchew5 > 5 hours ago | Report Abuse
Hoho Repost :
Hoho this is interesting… let’s see coming QR result ended September….an opportunity for Entry or CutWin ???
Referred Pchem :
> QR ended June 2024 :
Exchange Rate :
USD / MYR
Average Rate 4.7323
Closing Rate. 4.7205
>> 30/9/2024 4.12557
USD /MYR is depreciated by 12.85 %
>> As at 31/10/2024 4.37901
USD /MYR is depreciated by 7.47 %
>>> As at 8/11/2024 4.38259
Remember Do 3 Own : Own Homework, Own Analysis and Own DecisionS as only you know your Risk level .
DecisionS: is changed Upon new information, new facts n figures.
Johnchew5
11,657 posts
Posted by Johnchew5 > 5 hours ago | Report Abuse
USD to MYR Chart
-4.23%
(1Y)
US Dollar to Malaysian Ringgit
1 USD = 4.46817 MYR
Nov 21, 2024 at 03:11 UTC
2 hours ago
Jun-2024 31-Dec-2023
RM'000 RM'000
Investment in Joint Venture 943,960 904,452
If above is USD converted to MYR.
Then what will be it value as at end Sept 2024?
2 hours ago
USD to VND Chart
+5.73%
(1Y)
USD to VND Chart
+2.10%
(2Y)
USD to VND Chart
+9.39%
(5Y)
USD to VND Chart
+19.24%
(10Y)
US Dollar to Vietnamese Dong
—-
USD to MYR Chart
-4.38%
(1Y)
USD to MYR Chart
-2.42%
(2Y)
USD to MYR Chart
+6.92%
(5Y)
USD to MYR Chart
+33.07%
(10Y)
US Dollar to Malaysian Ringgit
2 hours ago
Haha Jaks is not like Yinson with High Debt lo … just like Pchem unrealised forex loss …
Why Jaks Vietnam JHDP dividend payout from yearly to half year as on June 2024 …
2 hours ago
Off course ( Yinson 👍 ) is different to ( Jaks 👎 )
1. Yinson pay dividends to share holders ever quarter 👍👍👍
( Jaks suck blood from share holders keep on PP or RI to sucking until all share holder dry ) 🤪🤪🤪
1 hour ago
Haha oredi loss naked in Lambo planet until mentally issues ke ..🤣🤣🤣
JediMaster1
JediMaster1 | Joined since 2017-05-15
Investing Experience Advanced
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1 hour ago
Haha worried hidden risks on Yinson QR ended April 2024 n July 2024 :
>QR ended April 2024 , Net Profit RM 203 million- RM 236 million ( increased of Loans n Borrowings) = - RM 33 million.
>> QR ended July 2024 , Net Profit RM 203 million- RM 3,025 million ( increased of Loans n borrowings) = - RM 2,822 million.😱
-
Yinson Loans n Borrowings:
3.) QR ended July 2024
RM 19,580 million
👉Compared Q to Q : is increased by RM 3,025 million.
2.) QR ended April 2024
RM 16,555 million.
👉Compared Q to Q : is increased by RM 236 million.
1.) QR ended January 2024
RM 16,319 million.
1 hour ago
Definitely feeling optimistic about TANCO! 🚀 With the boss continuously buying shares and the AI port making strides, it seems like we're on the verge of a nice rebound back to 1.40. Just gotta stay patient through the volatility. Let’s keep our eyes on those green candles!
1 hour ago
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Mikecyc
Energy Commission to announce winning bids for LSS5 in November
By Bernama
October 8, 2024 @ 4:56pm
KUALA LUMPUR: The Energy Commission (EC) will announce the winning bids for the fifth round of the Large Scale Solar (LSS5) programme in November, said its chief executive officer (CEO) Datuk Razib Dawood.
"The announcement will be in November. I can't disclose the details. Just wait," he told Bernama on the sidelines of Enlit Asia 2024 here today.
In April this year, the Ministry of Energy Transition and Water Transformation, through the EC, announced the offer of a solar quota of 2,000 megawatts (MW) through a competitive bidding process under the next phase of the Large Scale Solar (LSS) programme.
The bidding process was for LSS5 or LSS-Energy Transition SuRiA - LSS5 targets a total capacity of 2,000MWac, and the solar power plants under the programme are scheduled to start operating in 2026.
2 weeks ago