JAKS RESOURCES BERHAD
KLSE (MYR): JAKS (4723)
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Last Price
0.185
Today's Change
0.00 (0.00%)
Day's Change
0.18 - 0.195
Trading Volume
7,801,400
IPO Info
Offer Period
Opening
Closing
Time Table
Allotment Date
Listing Date
Price
Issue Price
-
Units
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Share Capital
0.000
No of Shares
Public Issue
-
Offer for Sale
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Private Placement
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Issuing House
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ISIN Code
-
Prospectus:
RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,292,073,304 NEW ORDINARY SHARES IN JAKS RESOURCES BERHAD ("JRB") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.22 PER RIGHTS SHARE TOGETHER WITH UP TO 646,036,652 FREE DETACHABLE WARRANTS IN JRB ("WARRANTS") ON THE BASIS OF 8 RIGHTS SHARES TOGETHER WITH 4 WARRANTS FOR EVERY 5 EXISTING ORDINARY SHARES IN JRB HELD AS AT 5.00 P.M. ON TUESDAY, 27 OCTOBER 2020
JAKS - AP with NPA and RSF (Part 2).pdf
Discussions
36 people like this. Showing 50 of 54,563 comments
buy this counter have to pray very hard everyday .. hopefully they will use the JV fund to buy the additional 10% stake of the Vietnam power plant.. hopefully LSS4 deliver soon.... Hopefully Star would lose the court case.... hopefully their malls biz get more new tenants, hopefully their huge loss making construction company can close down and retrench all staff, then jaks can turnaround to be pure utility company ....and profitable
6 days ago
soon9913
buy this counter have to pray very hard everyday .. hopefully they will use the JV fund to buy the additional 10%
_____________________________
Sunday Church is Not "long" enough for you---so many requests.
Usually i go to "Latok Gung" for advise ( throw a few stones backwards and hope to hit Good fortune )
6 days ago
It is better to forget adding jaks until more certainty even price at current historical low. It is not a good time to sell at current low price for those who already bought the shares.
Jaks fail to deliver good profit and cannot even make 1 sen EPS till now due to high number of shares issued. It needs to subscribe 10% Vietnam Power plant to cover RM 50m local operating expenditure per year, some of which is ALP and poor mgt team fat remuneration, interest, impairment etc
6 days ago
told you all that it keeps dropping. those who wanna top up is really funny or too rich like ALP no place to spend money lol
5 days ago
Those friendly parties to ALP who bought pp at 18.5 sen will be felt cheated if price lower than 18.5sen. How many times they can do PP, i wander...
5 days ago
Jaks will need to show they can delivery good profit and EPS, otherwise they cannot lure investors to invest. Investors looking at ALP new projects or ventures will be scared to death. LSS4 project secured at noncompetitive rate will be a failed project in view of so many times of PP if they can deliver less than RM 10m profit per year as it cannot even cover jaks operating expenses 1 quarter...
5 days ago
Please let the price drop below 0.1 .. let the margin call chase the boss who is not doing good job
5 days ago
actually the PP is was subscribed by ALP himself but under different account. He can sell higher price and get cheaper tickets always...
5 days ago
last time got statement like this: my friend say... my granpa say.. my auntie say... and all start to buy at.21... ggwp
5 days ago
Haha Koni3lurkker Promoted a Stock in Insas with “ Guarantee Up “... But it is down , he deleted the Price post and twisting did not Promote … then said is just chitchat with konartist sslleee … hahaha
Must be Loss Naked until saying here pariaaa country, here pariaaa ppl n here pariaaa Food … Cannot Afford Good Food .. still eating Shitt here ke … hahaha
5 days ago
lets sell all our stake tmr to push down the price..... ensure he get margin callll
5 days ago
Remember who/whose was/were the one/many push down the price so that KYY get margin call
4 days ago
ALP so thick skin what to do? share price not performing( at historical low) due to local business losses and high operating expenditure + endless impairment and PP still got face to get over RM 10m remuneration
Sslee
What margin call? He can just issue LTIP free grant Jaks share to himself.
4 days ago
i3lurker yes u are correct. he still have profit on paper thru PP and LTIP, somemore the dividend is coming lol
4 days ago
Construction loss incur due to delay in work progress and higher cost material and labour cost. However, loss making construction work is at tailing end.
4 days ago
sell off all lose making the it's a multi million profit fixed company. YTL Power in making
4 days ago
Any new Constuction bidding will only focus on high margin and include current elevated inflation cost. But, unlikely for jaks to secure any new construction work now due to lack of gov and private spending.
It is wise for Jaks to focus on power generation, to secure more solar power even at net single digit profit margin, the more the better due to steady income over long term concession
4 days ago
Jaks already sold its loss-making property development arm, Jaks Island Circle (JIC) for RM1 only, we still view the deal positively as it will push Jaks back to profitability while easing some of its cash-flow problems. The acquirer will assume all the liabilities related to JIC, while taking control over the Pacific Star project (Office and Residential). Jaks which has a 51% stake in JIC will record a disposal gain of around RM71.9m. The acquirer, Island Circle Development (ICD) owns the remaining 49% stake in JIC.
In the end all intercompanies loans to JIC was impaired. So the RM71.9m gain is just a syoik sendiri figure.
Two more loss making 51% subsidiaries
MNH Global Assets Management Sdn. Bhd. (“MNH”) Malaysia
Fortress Pavilion Sdn. Bhd. (“FP”)
When will sell to ICD for RM 1 and record a disposal gain of RM million again?
Summarised statements of financial position as at 31 December 2022:
FP MNH Total
RM RM RM
Non-current assets: 230,013,775: 332,332,266: 562,346,041
Current assets: 4,581,618: 17,641,667: 22,223,285
Total assets 234,595,393: 349,973,933: 584,569,326
Current liabilities :205,013,392: 203,849,675: 408,863,067
Non-current liabilities: 76,300,000: 216,418,493: 292,718,493
Total liabilities :281,313,392 : 420,268,168 : 701,581,560
Total equity :(46,717,999): (70,294,235) : (117,012,234)
Attributable to:
Non-controlling interest :(22,891,820) :(34,444,175): (57,335,995)
Other individually immaterial
non-controlling interest: 768,866
Total non-controlling interest :(56,567,129)
4 days ago
Summary
Jaks Resources Bhd’s (JAKS) 1QFY23 core net profit fell 33.4% YoY to RM14.1m, dragged down by lower contribution from Vietnam due to higher interest expenses arising from the rising interest rates. Revenue for the quarter contracted 20.7% YoY to RM14.2m.
The weaker-than-expected core net profit, accounts to 14.6% of our forecasted core net profit of RM96.2m. The variance was mainly due to the weaker-than-expected contribution from Vietnam. Still, we reckon that earnings sustainability from Vietnam may continue to cushion the weakness in the local operations.
Moving forward, the construction segment will focus onto the completion of outstanding orderbook of c.RM200.0m. We gather that the tenderbook remains healthy at RM2.00bn, mainly for hospital-related and water-related infrastructure jobs in relation to flood mitigation projects. We have imputed an orderbook replenishment assumption of RM50.0m for FY23f.
On the property investment segment, efforts to ramp up occupancy rates in both Pacific Towers and Evolve Concept Mall remain in place. The building management of Evolve Concept Mall was replaced in April 2023 in bid to rejuvenate the current dire situation. Still, we reckon that turnaround efforts may be challenging, owing to the oversupply of commercial floor space.
Elsewhere, the LSS4 project was completed (6 months ahead of scheduled commercial operation date) and aims to commence the commercial operations sometime in mid-June 2023. The group will continue to explore greenfield projects and acquisitions within the renewable energy sector in both Malaysia and Vietnam. With the completion of LSS4, JAKS will be eyeing a slice of 600MW of Corporate Green Power Programme (CGPP) programme from Malaysia’s Energy Commission.
JAKS is undertaking a private placement exercise and proceeds will be utilised to repay existing debts and fund working capital. We reckon that the move is essential, given that the group is operating in a negative net cash flow position over the past 8 quarters.
Valuation
4 days ago
better sold all its 51% stake in investment properties, evolve mall and star mall. Incur one off loss is far better than continue quarterly loss making.
4 days ago
sslee
///When will sell to ICD for RM 1 and record a disposal gain of RM million again?///
you sound hostile
I did not realise you hate ALP so much
go have a Kit Kat
4 days ago
it doesn't matter one off loss, most important got ppl want to buy or take over. once news release immediately fly
4 days ago
the longer they press the higher the rebound, once pp amount clear, shark volume enough then push
4 days ago
From Traders i know that send almost any things you know to Vietnam, they said their Export Volume
has dropped 60% last 2 months. Many Vietnam factories exporting to EU are laying workers
2 days ago
Trust me this counter is hopeless. The more you expect, the more you try to deny and find excuses to defend and the more you will be disappointed later.
2 days ago
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