Income

J· ust A· nother K· angkong S· tock

2 weeks ago

musangfoxking

Post removed.Why?

2 weeks ago

Balian de Ibelin

Sex firms are issuing entire Bursa Margjn Call today.

More importantly Sex Firms say avoid overnite positions. Translated it is a Sell Call for entire Bursa.

Good Luck on your KLM flight to Holland. 😁👍🤜

2 weeks ago

Income

Balianseks kuat Nya!

2 weeks ago

Income

Squat control here?

2 weeks ago

Mikecyc

Haha why ah Id MrHuangbk is banned permanently recently.. used many abusive id to post abusive n unethical content!

2 weeks ago

musangfoxking

aiyo! u asked a low grade to answer a high grade !!!

2 weeks ago

ks55

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3497074

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=152329&name=EA_GA_ATTACHMENTS

Jaks finally agreed to call it a day by forgoing rm 50 million to Star.
Star now gained 50 million (or 7 sen a share) and Jaks lost rm 50 million.

2 weeks ago

ValueInvestor888

incompetent mgt...

2 weeks ago

Mikecyc

KUALA LUMPUR (Nov 4): The six-year dispute between Star Media Group Bhd (KL:STAR) and property developer JAKS Resources Bhd (KL:JAKS) over the development of a parcel of land in Section 13, Petaling Jaya, which started in 2018, has come to an end, with both parties inking an agreement to settle the issue.

With the settlement agreement, the parties have agreed to withdraw legal proceedings and any counter claim against each other, with no liberty to file afresh. Star Media will also be allowed to recognise the bank guarantee of RM50 million it called in February 2018 as "other income".

"Hence, the settlement agreement is expected to have a positive impact on the earnings, earnings per share (EPS) and net assets (NA) per share of the company for the financial year ending Dec 31, 2024. The impact to the EPS (earnings per share) and NA (net asset) per share is estimated to be approximately RM0.07," Star Media said in a filing with Bursa Malaysia on Monday.

The legal dispute, which started six years ago, centred on the divestment of the land by Star Media to JAKS Resources in 2011, in return for JAKS Resources building a 15-storey office tower for Star Media on the site.

JAKS Resources’ unit JAKS Island Circle Sdn Bhd (JIC) also provided a RM50 million bank guarantee to assure the completion and delivery of the office tower. On top of that, JAKS provided its own corporate guarantee in favour of Star Media. However, JAKS Resources allegedly faced significant delays, missing the delivery deadline by 28 months.

In 2018, Star Media demanded the bank guarantee, asserting that JIC had failed to fulfill its delivery obligations, a claim JAKS disputed. Nevertheless, JAKS released the bank guarantee to Star Media in January 2019.

Despite this, Star Media initiated legal action on April 30, 2019, alleging that JAKS Resources had not met its obligations under the corporate guarantee for JIC to deliver the office tower. Star Media sought RM134.5 million as the remaining purchase price of the land, in addition to RM43.22 million in late payment interest.

In response, JAKS filed a counterclaim for the return of the RM50 million bank guarantee, along with RM248.24 million in liquidated damages, and RM297.04 million for loss of proceeds from a corporate fundraising exercise, which it argued were adversely impacted by Star Media's lawsuit.

The High Court in August 2020 partly allowed Star Media's summary judgment application in respect of the corporate guarantee claim against JAKS Resources, ruling that the company be paid the RM134.5 million balance of the purchase price of the land and the late payment interest at a rate of 8% per annum, from Oct 25, 2025 to July 6, 2020.

However, this summary judgement was set aside by the Court of Appeal in 2021, who ordered the matter be sent back to trial at the High Court. The Federal Court then dismissed Star Media's appeal against that decision and upheld the appellate court's order.

Shares of Star Media closed 0.5 sen lower, or 1.20%, at 41 sen on Monday, for a market capitalisation of RM299.21 million. JAKS Resources, meanwhile, closed unchanged at 13 sen with a market capitalisation of RM338.89 million.

2 weeks ago

Mikecyc

👉👉as posted earlier, year 2025 shl be Jaks year .

P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .


👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.


>> Case Management:

1.) 8/5/2024

2.) 11/7/2024

3.) 11/10/2024

And the Losses from Star Pacific project can be reduced in view of :

1.) occupancy n tenancy



PACIFIC STAR
Section 13, Petaling Jaya
Pacific Star is an elite mixed development project located on 6.04 acres land at Section 13, Petaling Jaya with Gross Development Value of RM1.08 billion. The Group acquired the land from the Star Publications for RM135 million and the payment for this consideration would be the construction and transfer of an office tower to the Star Publications. This development consists of 5 blocks for residential units and commercial space purposes.


Star Publications has exclusive rights to Tower A, while Tower B, also an office suites, has 258 units. Tower C on the other hand consists of 191 units of semi-D like homes. Tower D consists of 156 units of serviced apartments located on the 10th to 24th floor. Meanwhile, Tower E consists of 310 units sprawled over the 10th to 33th floor.


There are 4 levels of basement car parks, 4 levels of retail units, 3 levels of office suites and 6 levels of elevated car parks.


👉And further if can monetise the property segment assets :

a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.

b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.


👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.


👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.

2 weeks ago

Mikecyc

Haha oh KS55 whom attacked OTB with SWOT analysis without facts n figures ..not normal to be used in Investing..

I am posted :

S = Strength : as YTLpower promoters posted positive facts n figures

W= Weakness , T = Threat : as per my posts on each business segments hidden risks !

O= Opportunity: as Per my Point 1 to Point 4 case study … on Point 3 ( Swing Swing Swing Range ) .

After I am posted n Said KS55 posted without facts n figures.. he just bla bla bla how to show facts n right figures!!🤣🤣🤣🤔

2 weeks ago

Mikecyc

Haha repost from Jtiasa :

Posted by Mikecyc > 8 minutes ago | Report Abuse

Haha do you want another 6 years legal battle again starting from High Court to Court of Appeal to Federal court?

The Bank Guarantees amount being call in ard 6 years ago !


-

👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.

2 weeks ago

Mikecyc

Haha repost from Jtiasa :

Posted by Mikecyc > 2 minutes ago | Report Abuse

Haha now Jaks management can focus on LSS5 2000 MW EPCC RM 7.2 billion Solar project tender results that award shl be started announcing on November 2024 …

2 weeks ago

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

Mikecyc

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

JJPTR

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?

1 week ago

Mikecyc

Haha Kon Fox aka Demusang aka 123theman aka Musang King aka musangfoxking ke …now JJPTR ke

1 week ago

Mikecyc

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 …

1 week ago

warchest

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.

1 week ago

warchest

It is actually considered the best way of JAKS to resolve.

1 week ago

musangfoxking

Post removed.Why?

1 week ago

xiaoeh

Mike
why change hoho to haha?

1 week ago

musangfoxking

Post removed.Why?

1 week ago

warchest

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

1 week ago

warchest

It is bad company with bad management. But if they don't do something sill then it will go up

1 week ago

MrFox

Hoho...the mouse lost his panttee

1 week ago

Mikecyc

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 %

1 week ago

Mikecyc

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.

1 week ago

MrFox

Hoho waiting 0.10

1 week ago

fl888

PP at 14cts coming..

1 week ago

fl888

See whether the Star legal suit will be withdrawn 7 days after Settlement Agreement dated 4-11-24…IE on 12-11-24

1 week ago

Mikecyc

Haha how about yr Aizo …run for yr life oredi !🤣🤣🤣🤔

1 week ago

Mikecyc

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. 

1 week ago

musangfoxking

hoho...so waiting for 0.10 to bye bye???!!!

1 week ago

Mikecyc

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

MrFox

Hoho looking good 0.10

1 week ago

xiaoeh

Hoho..Haha
Mike MrFox abang adik...
hohoho...hahaha...

1 week ago

Income

I think Xiao eh is ular, the more he speaks.:-)

1 week ago

Mikecyc

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

MrFox

Hoho.. the mouse got angrily over xia bekos lost in jaks, bot at 0.31 now 0.14

1 week ago

Mikecyc

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

SinGor

Will Jaks drops below 10sen?????---Another Question, Any Buyers below 10sen???

1 week ago

MrFox

Hoho...Certainly lah when the mouse is going to bye bye 0.10!

1 week ago

xiaoeh

MrFox Buy Buy Buy?!!!

https://www.youtube.com/watch?v=2ydCvkxuNm4

1 week ago

Starisborn

With the legal case out of the way......certainly will buy buy buy all the way up

1 week ago

MrFox

Hoho .... But the mouse Bye Bye Bye

1 week ago

Mikecyc

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

6 days ago

musangfoxking

hoho...0.10 coming

5 days ago

Mikecyc

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

4 days ago