JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.265

Today's Change

0.00 (0.00%)

Day's Change

0.265 - 0.27

Trading Volume

1,550,100

Overview

Market Cap

541 Million

NOSH

2,042 Million

Avg Volume (4 weeks)

3,889,757

4 Weeks Range

0.26 - 0.305

4 Weeks Price Volatility (%)

11.11%

52 Weeks Range

0.26 - 0.535

52 Weeks Price Volatility (%)

1.82%

Previous Close

0.265

Open

0.265

Bid

0.265 x 987,000

Ask

0.27 x 1,239,200

Day's Range

0.265 - 0.27

Trading Volume

1,550,100

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2022 [#1] | 31-May-2022

Next QR | Est. Ann. Date

30-Jun-2022 | 07-Sep-2022

T4Q P/E | EY

10.16 | 9.84%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.67 | 0.40

T4Q NP Margin | ROE

28.33% | 3.89%

Market Buzz
Company Profile

Sector: CONSTRUCTION

Sector: CONSTRUCTION

Subsector: CONSTRUCTION

Subsector: CONSTRUCTION

Description:

Jaks Resources Bhd is an investment holding company. It is organised into six main reportable segments - Manufacturing segment comprises mainly manufacturing of pipes; Trading segment comprises trading in sheet piles, steel bars, mild steel and special pipes, other steel related products, building materials and supply of products for water supply industry; Construction segment Comprise mainly provision of sub-contracting activities; Investment segment involves investment holding activities; Property Development and Property Investment segment is engaged in the development of residential and commercial properties and management of development shopping mall. Its principal geographical areas for its operations are located in Malaysia and Vietnam.

Discussions
35 people like this. Showing 50 of 53,552 comments

looiting

Buying some at these prices. Thank you everyone

4 weeks ago

looiting

Kesian Aseng, have to hold so long ,suffer leh

4 weeks ago

looiting

Meanwhile, shorties have been making good profit on Aseng & followers

4 weeks ago

lthma2588

Aseng can you reinstate me back to JAks chat group.I no longer can access since I3 change its format.

4 weeks ago

i3lurker

Share price keeps dropping coz most people expect another series of at least 4 to 6 RIs needed to get more capital for next few years.
Result ~ 30% capital losses
Done at ever decreasing share prices unless executed with share consolidation which takes us to the next issue at hand.

High possibility of share consolidation which translates to ~ 20% capital losses for existing holders.

the only winners will be Management and Staff.

Kindergarden maths tells you => Consolidation and RI will easily result in ~ 50% capital losses.

so cannot blame existing holders to dump desperately
resulting in continous non-stop drop drop drop drop and more drop to existing share price which is expected to drop drop drop and more drop later.

4 weeks ago

i3lurker

sslee had also raised the issue of continous RI in Jaks future
... done at ever decreasing share prices
unless consolidation
then more RI at ever decreasing share prices
unless consolidation
then more RI at ever decreasing share prices
unless consolidation
then more RI at ever decreasing share prices
unless consolidation
then more RI at ever decreasing share prices
unless consolidation

=> you could lose 99% of your capital

:)

4 weeks ago

smartly

good guess i3lurker...
this is the best method for them to unlock more cash and still holding on power.

4 weeks ago

i3lurker

projects in the pipeline amounts to another USD3 Billion to USD6 Billion
its known and unknown future

plus hey man!!
if you want a Gas powered PP.
GE will gladly sell you one.
but have you looked at the gas prices now and future prices ?
and also bankruptcies of gas PP... ... man

looking into
known unknowns
unknown unknowns
known knowns
unknown knowns

most wise men elected to dump their shares and Mister Nobody bought them.
thats why drop drop drop and drop some more.

4 weeks ago

hng33

Steady profit from Vietnam Power plant.

Next Q will be higher as Vietnam power profit is USD denominated strengthen US, translating into higher RM profit

3 weeks ago

sato

Net profit 21.1 million and Vietnam PP contributes 33.9 million.
Hopefully can close 29-30 cents today!

3 weeks ago

Jnlee

Ah seng, can add me to the group

3 weeks ago

hng33

Continue to drag down by local, otherwise, just solely from Vietnam IPP, valuation will be higher. Next catayst is commission 50MW solar power next year and potential new renewal power project.

In additional, favourable legal outcome against star will be leap up for jaks

3 weeks ago

Pinky

keep burning cash at local ops

3 weeks ago

valueinvestor33

If is so favourable, why the share price keeps on falling down.

3 weeks ago

i3lurker

power plant shares are ALWAYS like this
you work like shit you get 10% IRR
any mistakes its all kaboom gone

=>whereas tech shares can get 10,000% IRR like say Apple or Amazon

=> why would any sane person buy a power plant share?

valueinvestor33

If is so favourable, why the share price keeps on falling down.

6 hours ago

3 weeks ago

valueinvestor33

Problem is management unable to turn its local property biz around. Without P Plant, Jaks is worth nothing. Overall is the management issue.

3 weeks ago

huahtai98

Diu...then why are you still here

3 weeks ago

MikiMouse69

Excellent result. Gap up today

3 weeks ago

Pinky

Gap up? hahahahaha

3 weeks ago

i3lurker

the next RI could be 25 sen to 27 sen

another USD3 Billion to USD6 Billion capital requirements

you could lose 99% of your capital from repeated RIs and consolidations

Wise Men all sold it off...

3 weeks ago

i3lurker

This system is actually well known.

This slow cooker process was perfected in the turmoil of Hong Kong financial system survival struggles to get Suiyee Sucker Bilis.
If you wanna a name... ... if anything .. .. this is called the Hong Kong Scam coz it was perfected there.

Its perfectly legal to ask for RI and then consolidation

end process you lose 99% of invested capital.

3 weeks ago

i3lurker

even the scam methodology is duplicated from Hong Kong social life.

in Hong Kong, restaurants where waiters abuse customers seem to attract more people and was praised as good tasting food, end result is long queues and no available tables.
So similarly, such counters invariably have one or more people who are outright nasty or hostile.
Hong Kong Scam Bosses believe that this system of nasty people works to get Suiyee Sucker Bilis to buy.
Actually it works all the time.

:)

3 weeks ago

Pinky

but why analysts so fond of this stock

but then again Rakuten always very wonderful in their TPs la

3 weeks ago

liewtz06

Source - Affin Hwang
Improvement in associate profit as maintenance work is completed
The associate profit has recovered by 19% qoq, as the share of associate profit from
the power plant has increased to RM33.9m in 1Q22 from RM28.6m in 4Q21, mainly
driven by lower maintenance costs incurred as most of the work was completed in
4Q21. We believe that there is still potential upside to earnings, given that it is still
below the RM37.5m-RM43.4m/Q achieved in 2021. The improvement yoy was
mainly due to the second unit of the boiler, which only started contributing in January
2021. Given the improved stability of the power plant, management remains
confident that they would start receiving dividends from its associate soon, and would
also likely announce its maiden dividend to Jaks’ shareholders in 2022.
Continue working to turn around domestic operations
We believe that the narrowed PBT for its property investment operation to RM10.2m from
RM20.8m was mainly due to better cost management as the overall revenue for the
segment has only increased by less than RM0.5m for the quarter. We are expecting
stronger revenue (lower losses) in the coming quarter, due to the improved footfall for the
Evolve Concept City Mall (a huge portion of its rental is based on percentage of sales),
and the improved occupancy rate at its Pacific Star Business Hub. As of end of the quarter,
occupancy rates for the properties are at 67% and 31% respectively.
Maintain BUY with an unchanged TP of RM0.62
We have kept our earnings forecasts unchanged, given that the performance was within
our expectations. We also retain our BUY call and keep our TP unchanged at RM0.62,
based on a 20% discount to RNAV. We reiterate our BUY rating as we remain optimistic
as the potential maiden dividend in 2022 could be the re-rating catalyst. Downside
risk: higher-than-expected losses from its property investment segment.

3 weeks ago

khoinvest

If JAKS can declare its maiden dividend to Jaks’ shareholders in 2022, then JAKS will jet high. Lets hope for the best.

3 weeks ago

Pinky

"IF". Let's see IF they can get it before their local ops bleed them dry

2 weeks ago

Sslee

Jaks FY22Q1 result was not too bad with a PATAMI of RM21.1mil (EPS 1.03 sen). Again, it has been saved by the profit sharing from its Vietnam power plant.

Operating profit in this quarter stays negative at a loss of RM17.5mil, while profit sharing from Vietnam is RM33.9mil.

The quarterly profits contribution from Vietnam are RM33.9mil (FY22Q1), RM28.6mil (FY21Q4), RM43.4mil (FY21Q3), RM37.5mil (FY21Q2) and RM29.8mil (FY21Q1).

For the last full FY2021 ended in Dec21, overall operating loss was at RM108.8mil and the Vietnam profit sharing stood at RM139.3mil.

Operating cash flow remains poor as it registers persistent losses from its construction and property investment divisions, which looks never-ending.

Revenue is in the downtrend as no new construction contract is secured. Its LSS4 project is expected to be completed in one year's time (Q1 of 2023) but its profit contribution is likely to be relatively small.

To me, the only hope now for Jaks is to get the dividend payment from JHDP which is its Vietnam power plant investment. 

It's already been more than one year since the plant started operation but it seems like no dividend is distributed yet. Perhaps it will be in mid 2022?

Anyway, cash continues to be burnt daily and it has a total cash of RM102mil at the end of Mac22, after just raising RM129.5mil through private placement in mid 2021.

If operating cashflow is still poor in the next 2 quarters, I can't rule out a further cash call by Jaks.

As a well-managed company, MFCB's share price does not move much even though it gets RM450mil cash inflow yearly from its hydropower plant.

Looking at this, I have some doubts over how much valuation the market will give to Jaks later. We know that Jaks is not a very well-managed company after all.

2 weeks ago

looiting

I'm still waiting to buy more at 0.26

2 weeks ago

stockwin

It is trading at current level simple because of shitty local operations. The PP operations is contributing consistent income now . At current level , why not.

2 weeks ago

luckyman

https://messenger.i3investor.com/res/msg/file/25087/2022/6/jaks_affin_...

Current market capitalization is RM613m only. Its net profit is projected to increase from RM51.9m in 2021 to RM113m in 2022. Unfortunately the share price has been dropping with no support at all, similar to many other listed companies in this bearish Bursa market.......

2 weeks ago

luckyman

Jaks management must quickly take actions to dispose of its property investment arms even at a loss to stop its bleedings, and use the proceeds to exercise its call options to buy the additional 10% stake in JHDP which can boost its annual net profit contribution to close to RM200m per annum.

2 weeks ago

luckyman

It's good to see the company start issuing more press release to the investment community. It will help raise the profile of the company

2 weeks ago

Pinky

When a company purposely do such press releases it's usually up to no good

I prefer when a company go about its business quietly and let Market realise its potential on its own

2 weeks ago

i3lurker

sounds like Serba
Serba was all about publicity and Press releases as a way of doing business.
Serba business was only about selling Serba shares to Suiyee Sucker Bilis.

2 weeks ago

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

JAKS Resources Berhad
0.30 MYR
-0.50 (-62.50%)past 5 years
9 Jun, 5:00 pm MYT

2 weeks ago

Pinky

Naik sikit2, jatuh banyak2

hahaha hopeless Jiaksai

2 weeks ago

looiting

I'm still waiting to buy more at 0.26

1 week ago

i3lurker

at 26 sen, the next RI could be 20 sen

lost one third of capital

1 week ago

HamsterHuat

18 cent....18 cent...

1 week ago

humblechung

0.05 lowest

1 week ago

HamsterHuat

Apalah @humblechong saying 0.05 lowest.
You think this is Serba meh or Sapura?

Jaks making money lah...no illegal chop nor fake accounting....

Don'tlah tok thru your asshole....

1 week ago

looiting

Buying today

1 week ago

looiting

Thank you for making my dream come true. I target to buy 0.26 many months ago. Even tried to advise and slap Aseng and followers to see reality. Unfortunately, just like gloves maniacs, very hard to save them liou. They still believe fundamental runs the share price. In truth, it's the big boys and shorties who running the show. They have all information advantage. In poker game, they can see your cards already. So, becareful yah

1 week ago

HamsterHuat

Alah....
25 cent buy lah.....26 cent no good...
Lolol

6 days ago

koyokui

Jaks always profit buy

5 days ago

SinGor

so how? 18sen can BUY

4 days ago

SinGor

my Street-friend said better buy a Golden arowana for RM1,888 for God of Prosperity to bring Good Luck then
invest in Jaks

4 days ago

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