JAKS RESOURCES BERHAD
KLSE (MYR): JAKS (4723)
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Last Price
0.13
Today's Change
-0.005 (3.70%)
Day's Change
0.13 - 0.135
Trading Volume
1,331,100
Profile
JAKS RESOURCES BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: CONSTRUCTION CONSTRUCTION
Subsector: CONSTRUCTION CONSTRUCTION
Index Group: CONSTRUCTION CONSTRUCTION
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: Yes Yes
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
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.
Address
Discussions
41 people like this. Showing 50 of 65,170 comments
Jaks 9 months ended 30 Sept 2024
RM '000
(Increase)/Decrease in working capital
Contract assets 13,517
Trade and other receivables 17,671
Trade and other payables (43,024)
The above mean
Only RM 13,517,000 contracts assets received payment
Only RM 17 671,000 receivables received paymemt
And Jaks pay RM 43,024,000 on payables
As at 30 Sept 2024
RM'000
Contract assets 88,513
Trade and Other Receivables 397,921
So get ready for Q4 ended 31/12/2024
Big impairment of contract assets, Trade and Other Receivables.
2 weeks ago
After a long break , I just pop in to see what is happening . It is traded at 0.13 now , very close to my prediction of penny stock by the end of this year. There are still a few days to go for Year 2024. Jaks is destined to be doomed and has been ditched/side lined by most investors. It is said that the profits shown in the books and records are purportedly fabricated. Hence they never intend to pay cash dividend to shareholders , not in a million years....
2 weeks ago
I only trust WHAT the auditors says in its Audit Report which has independently issued an UNQUALIFIED audit opinion on JAKS.
I couldn't care what other says especially those doom sayers OR those very optimistic sayers, whom may have their own agenda on JAKS
2 weeks ago
JAKS' indirect subsidiary to raise RM250m via medium-term note programme
2 weeks ago
> Referred to Annual Report FYE2023 :
1.) Evolve Mall :
Occupancy Rate increased to 75 % from 59 % FY2022 .
2.) Pacific Towers Business Hub : Occupancy Rate increased to 54 % from 35% FY2022 .
2 weeks ago
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.
The balance loans is the Syndicated Loan for LSS4 50MW in Penang which is COD on August 2023 ….
2 weeks ago
KUALA LUMPUR (Dec 6): JAKS Resources Bhd (KL:JAKS) said its indirect subsidiary MNH Global Assets Management Sdn Bhd has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia.
Public Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the MTN programme.
As at 31/12/2023
MNH
Total assets RM 330,369,904
Total liabilities RM 401,404,457
Totol equity/net assets RM (71,034,553)
MNH is a PN17 company.
Will Public Investment Bank Bhd able to find any investors for the MNH RM 250 million medium-term note (MTN)?
2 weeks ago
Hoho let’s see see look look on the LSS5 tender winners outcome …tender dateline 25/7/2024 … EC is scheduled to announce the Winners by November 2024 … anticipating now is by December 2024 ….
2 weeks ago
Hoho >>>
Mnh Global Assets Management Sdn. Bhd. is a company in Malaysia, with a head office in Petaling Jaya. It operates in the Other Activities Related to Real Estate industry. The company was established on June 08, 2000. From the latest financial highlights, Mnh Global Assets Management Sdn. Bhd. reported a net sales revenue increase of 9.14% in 2022. There was a total negative growth of 5.62% in Mnh Global Assets Management Sdn. Bhd.’s total assets over the same period. The net profit margin of Mnh Global Assets Management Sdn. Bhd. increased by 62.14% in 2022.
Headquarters
Unit B-09-28, Tower B Pacific Towers, Jalan 13/6, Section 13
Petaling Jaya; Selangor; Postal Code: 46200
2 weeks ago
By Q4 result out with big impairment of contract assets and receivables and MNH MTN undersubscribe jak will has no choice but raise cash by PP or RI.
This time round the PP will be well below 0.1
2 weeks ago
Hoho referring to ur promoted Pump n Dump SCIB ke … blowing TP RM 1.00 by early 2025 …QR ended September 2024 is in Loss … going to be in PN17 ke with High DE…😱🤔
—-
Posted by Sslee > 14 hours ago | Report Abuse
KUALA LUMPUR (Dec 6): JAKS Resources Bhd (KL:JAKS) said its indirect subsidiary MNH Global Assets Management Sdn Bhd has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia.
Public Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the MTN programme.
As at 31/12/2023
MNH
Total assets RM 330,369,904
Total liabilities RM 401,404,457
Totol equity/net assets RM (71,034,553)
MNH is a PN17 company.
Will Public Investment Bank Bhd able to find any investors for the MNH RM 250 million medium-term note (MTN)?
2 weeks ago
Hoho looks like loss naked in SCIB liaw …
Posted by Sslee > 44 minutes ago | Report Abuse
By Q4 result out with big impairment of contract assets and receivables and MNH MTN undersubscribe jak will has no choice but raise cash by PP or RI.
This time round the PP will be well below 0.1
2 weeks ago
Hoho included Pacific Towers ….
The proceeds from the issuance of the MTNs under the MTN Programme shall be utilised for the following purposes: a. to refinance the Issuer’s existing financings/borrowings, including to redeem/pay any outstanding MTNs issued under the MTN Programme (in whole or in part) and any part of interest/ coupon of the borrowings/ MTNs; b. to fund capital expenditure of the Issuer and/or the relevant obligor of the MTN Programme in relation to the management of Evolve Concept Mall, Pacific 63 commercial lots and such other properties to be identified and agreed between MNH Global, the Lead Arranger/Lead Manager and the identified subscriber of the MTN;
2 weeks ago
Summarised statements of financial position as at 31 December 2023:
FP MNH Total
RM RM RM
Non-current assets 232,040,920 324,605,814 556,646,734
Current assets 910,656 5,764,090 6,674,746
Total assets 232,951,576 330,369,904 563,321,480
Current liabilities 221,684,498 204,961,046 426,645,544
Non-current liabilities 64,635,068 196,443,411 261,078,479
Total liabilities 286,319,566 401,404,457 687,724,023
Total equity (53,367,990) (71,034,553) (124,402,543)
Summarised statements of profit or loss and other comprehensive income for the financial year ended 31 December 2023:
FP MNH Total
RM RM RM
Revenue 4,167,025 6,096,978 10,264,003
Expenses including taxation (10,817,016) (6,740,356) (17,557,372)
Net loss for the financial year, representing total comprehensive loss for the financial year (6,649,991) (643,378) (7,293,369)
2 weeks ago
MNH as at 31/12/2024
Current liabilities RM 204,961,046
Non-current liabilities RM 196,443,411
The MNH RM 250 million medium-term note (MTN) can hardly cover the MNH Current liabilities RM 204,961,046 and how many of Non-current liabilities RM 196,443,411 become due in 2025?
2 weeks ago
Aiyoyo Samy.
Still got people interested in this self-enrichment company?
No hope for this type of company, not even the former die-hard promoter.
2 weeks ago
Hoho what happened to Crescendo.. so Low Profits on the Land Sale ? Self Enrichment ke ???
Jaks is Better le ..
JAKS Resources to dispose of oil palm land in Penang for RM77.7 mil
By Choy Nyen Yiau / theedgemalaysia.com
09 Sep 2024,
In a filing with the stock exchange, the construction and power utilities group said it is selling four plots of the land to Summersonic Sdn Bhd for RM35.9 million, and the remaining 13 plots to Pacific Arena Sdn Bhd for RM41.8 million.
JAKS Resources said the land located in Seberang Perai Selatan had a net book value of RM15.97 million as of the end of December 2023. The group expects a net pro forma gain of RM50.38 million from the disposal.
—-
Stock: [CRESNDO]: CRESCENDO CORPORATION BHD
17 hours ago | Report Abuse
Crescendo selling another 18 acres in NCIP for rm 120 million, or m 150 per sf (rm 6.5 million per acre), net profit is rm 62 million or 7 sen per share.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3507433
2 weeks ago
Hoho someone shy away from YTLpower forum after he challenged OIB on SWOT analysis in Investing.. but he himself cannot provided the facts n figures… bla bla bla saying how to provide ???? 🤣🤣🤣🤔
2 weeks ago
Me long ago already sold jaks for my free bintang beer.
Only kasien Mike-tikus trapped high in Jaks and had to hard sell his jaks with misinformation, faked facts and figures to lure any newbie to buy high from him to no avail.
I will only have a second look at jaks in year 2030 hopefully jaks will still here unlike Xingquan
2 weeks ago
Hoho oh referring to yr Promoted Omesti ke … Price RM 0.08 … 8 consecutively QR are in Loss !😱
—
Posted by Sslee > 5 hours ago | Report Abuse
By Q4 result out with big impairment of contract assets and receivables and MNH MTN undersubscribe jak will has no choice but raise cash by PP or RI.
This time round the PP will be well below 0.1
2 weeks ago
Hoho Repost :
Jaks : catched the Bottom Fishing at RM 0.185 on April 2023 ( 👉 after Sslleee posted sold Jaks on April 2023 since 2017 ) ... Up to RM 0.225 in 2 months .. then invested at RM 0.19 on July 2023 .. Gap Up on 1/9/2023 to RM 0.245 …
As said earlier 2025 Shl be Jaks year .. since LSS5 Tender RFP dateline is brought forward to 25/7/2024 from December 2024 .. focus back to Jaks .
2 weeks ago
Hoho what a pity le .. sslleee never win in investing since 2016 to 2023 .. even told Lies on his First Win ..
After Xingquin ( Delisted on 2019 ) , Netx (2020 ) n Jaks ( since 2017 ) .. became a Kon in Netx on 2020 …
2 weeks ago
Haha,
For someone never win in investing to earn about 270k+ dividend alone in a year and now still holding million in jayatiasa. I must be a very lucky man unlike someone trapped high in jaks and very shy to tell how many million jaks share he is holding currently.
2 weeks ago
Hoho what a pity le … working alone in Indonesia at 64++++ … No CNY holidays… even mumm is out from icu le ..
Became a kon since 2020 …
2 weeks ago
Hoho KonFoxy loss naked in Fintec
<<Netx — Fintec( mother ) — Adamas HK stock / Nasdaq ( Grandma )>>
“ Words of Wisdom “ 🤥🤣🤣🤣
Fintec >>>
2017 : share consolidation 3 into 1
2017 : RI
Nov 2020 : RI at RM 0.08
Apr 2024 : share consolidation 30 into 1
2 weeks ago
Rubbish lah this stock !!!
No bank dare to borrow money to this junk company !
No body want to subscribe this company junk RI or PP !
Terrible dry of cash this junk stock !!!
1 week ago
Who ever still holding this stock sure will will loss until sale under pants 😂
1 week ago
Hoho why yr promoted Lambo since 2020 is Delisted on October 2024 .. loss naked oredi ke ?? 🤣🤣🤣
—-
Posted by JediMaster1 > 19 hours ago | Report Abuse
Who ever still holding this stock sure will will loss until sale under pants 😂
1 week ago
Jedi master wouldn’t buy the junk stock as you mentioned Lambo and Jaks both are trash stock 😂😂😂
1 week ago
Priva already overtake jaks because of below MOU.
When will ALP also come up with MOU for Data ceter?
PRIVA
0.140
+0.005 (+3.7%)
MEMORANDUM OF UNDERSTANDING Privasia Technology Berhad [Registration No.: 200801023769 (825092-U)] (PRIVASIA or the Company) Memorandum of Agreement between Privabytes Sdn. Bhd (formerly known as Digital Medtech Solutions Sdn. Bhd.), an indirect subsidiary of Privasia, MARA Incorporated Sdn. Bhd. and FELCRA Berhad.
1 week ago
Start of Bull is smart.. sold off all at 19
That coconut Felix still stuck on penthouse 19 floor 🤣
Wonder when can he jump off this pirate ship 😁
1 week ago
Hahhaha.. Since when i3 has a profit/loss meter on personal wealth? 🤣🤣🤣
Lose is lose... Coconut Felix dont need to pusing2 🤣🤣🤣
As if you win, you report how much you won... now say lose 2k only 🤣🤣🤣
What a pusing2 loser
Dont forget your losing challenge in Pmcorp expiring in 4 months. 😁😁
1 week ago
Huh.. Coconut Felix is sick?
When did I not accept your challenge?
Everyone knows you running away from all my challenges.. like you bff Miketikus.
Why pusing2 again to challenges? Lost out again? Caught pusing2 again? cacing squirm again? 🤣🤣🤣🤣
Make 1 challenge now if you dare. Dont make it 1 sided as you usually do ya 🤣🤣🤣
1 week ago
The person claimed have 13 id in i3 and 4 is suspended !
Genovese ( suspended )
Mikecyc ( Suspended )
Johnchew5 ( Suspended )
Limpek1510 ( Suspended )
jjohnchew ( still active )
Genovese
Anakin Skywalker I got 13 IDs waiting got you to flag red. 😆
1 week ago
1 week ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sslee
By the way Mike-tikus unashamedly using misinformation, fake facts and figures to promote jaks non-stop 24/7/365 for more than a year and half now and luckily no-one falls for his misinformation, fake facts and figures.
2 weeks ago