QR by 25th MARCH ?

52 Weeks Range: 0.41 - 1.17 ; mid value is 0.79 ; below 0.79 is cheap ?

See QTR result by end MARCH ?

how come jaks results still not out? But if the report delayed by 1 month to end March ; could be more revenue and profit reflected from Vietnam Power Plant as Vietnam govt start paying for electricity generated since 20January 2021 for Unit 1 & 2 ....

Bought some at 0.675 ; now que at 0.660

good price to buy in now ... and keep for 6 to 12 month as minimal..

Qtr result expected tomorrow ? ; let hope
the profit is improved and better than last QTR..

I think Rm2 possible by late 2022 ; this year can reach Rm1.2 will be good enough..

https://klse.i3investor.com/blogs/MplusOnline/2021-02-15-story-h1541084236-Jaks_Resources_Bhd_Driving_the_long_term_recurring_income.jsp

....We assigned a P/E multiple of 9.0x to all but the concession segment that is valued on a discounted cash flow approach, arriving at a fair value of RM0.82.

Rm35,400,800 ;;;
trading volume Up

At 2 a.m. local time on January 24, Unit 2 of the 2×600MW coal-fired power plant project in Haiyang, Vietnam, which was built by the company, successfully passed the initial reliable capacity test of the plant and will be put into commercial operation at 0:00 on January 25, four months ahead of the BOT contract period.

There seemed to be continuing attacked/slaughtered on Gloves Companies by Malaysian authorities for making good profit ? Top Gloves can consider moving operation to Vietnam or Thailand ?

My average is 0.966 .. coming soon,..

At 1:59 a.m× local time on November 28th, the company's construction of the 260,000 kW coal-fired power plant project unit 2 steam turbine turned a success, the indicators have reached excellent standards, for unit 2 336 hours of complete trial operation laid a solid foundation×

After testing, steam turbine from low-speed inspection to heating, turning, flat stable speed process of large machine vacuum, shaft tile vibration, bearing temperature and other indicators are in line with the technical specifications, fixed-speed operation of the system equipment running stable, smoothly reached the rated speed of 3000 kpm. During the project department to coordinate arrangements, all departments with cooperation, all staff to work together, day and night, high-quality and efficient completion of steam turbine turnaround work.

Extract from Dk's report dated 29/11/2020..Conclusion

A stream of FCF of between RM300m to RM400m to Jaks for the next 25 years is worth between RM2.15 to RM2.85 per share in present value. The 25 years of FCF is more than just cash, they are sources of capital to more business opportunities !

Op.. now at 0.640 ...going up ,, guess good Qtr result soon to be released
..

https://www.theedgemarkets.com/article/mega-first-3q-net-profit-surges-512-rm90m

accumulate at this bargain price and hold for dividend twice yearly....

Can move up if the next QTR report shows good result

https://www.thestar.com.my/business/business-news/2020/10/28/karex-improves-cash-conversion-cycle-via-credit-control-standardised-payment-terms

Karex = cheapest Gloves making (in progress) counter !!

Betul Juga.... Karex should not stay below Rm1.00 for long ; It must be better than this ?

Let October 2020 be the month to the new chapter and new hope !!

When is the expected date of COD ?

October 2020 - Unit 1
Jan/Feb 2021 - Unit 2


What is the significance of COD?

Once the power plant unit achieved commercial operation date (COD), it begins to receive capacity and energy payments from Vietnam EVN.

1 day ago · Karex is intensifying research and development (R&D) as well as upgrading its automation into high technology processes, while automating the quality assurance laboratory.It has installed ...

Karex ; steadily up 5~10% per day is good enough.. not limit up please ..

20th SEP2018 : Stronger earnings growth expected for JAKS Resources in 2H..Maintain buy with a lower target price (TP) of RM1.75: We remain optimistic about JAKS Resources Bhd’s outlook post our recent meeting with management. We expect earnings growth to be stronger in the second half of 2018 (2HFY18), driven by the higher revenue recognition from its Vietnam engineering, procurement, construction and commissioning (EPCC) contract; however, we are cutting our earnings per share (EPS) for FY18 estimate (FY18E) to FY20E by 9.4% to 12.8% and our TP to RM1.75 (from RM1.90) after factoring in higher losses from the property segment and the higher share base from the recent share placement. Nevertheless, we are maintaining our “buy” call due to its attractive valuation....www.theedgemarkets.com/article/stronger-earnings-growth-expected-jaks-resources-2h

Immediately the bleeding stop after KYY announced that he will stop selling for now...

Look like only cash buying is safer. .buy only if you still have cash ..

Luckily the power plant is in Vietnam; not INDIA .. if INDIA then extremely tough to see any forward progress, if any, it will be at snail pace, also Vietnam seemed to have better relationship with China these days despite protest and Vietnam government is doing something positive, unlike India ; please read latest news ...https://www.bbc.com/news/world-asia-44436019
Vietnam detains 100 after anti-China economic zone protests turn violent

GOOD NEWS ::::::
Reference is made to the subject matter and the announcement made by the Company on 30 July 2018.

The Company's subsidiary, JAKS Island Circle Sdn Bhd's ("JIC") application for interim injunction was heard today, 1 August 2018, in the Federal Court. The Federal Court granted JIC's applications for interim injunction to restrain Star from receiving and the financial institutions from paying on the Bank Guarantees pending the hearing and disposal of JIC's motions for leave to appeal to the Federal Court, which has been fixed on the 26 September 2018.

This announcement is dated 1 August 2018. 5.30pm..... so JAKS has one more chance to submit motion...

I also lost one Honda City because of thinkingvJAKs can never go so BAD...luckily not on margin...so it is still paper loss...hold on....

If you do not have margin call, do you want to sell?
what the signs below tell us ?
T4Q P/E | EY:
4.74 | 21.08% ( When to have such low P/E again ? EY is over 20% !! )
T4Q DY | Payout %:
0.00% | - % ( Dividend ? but may be when Viet. project completed?)
T4Q NAPS | P/NAPS:
1.3029 | 0.91 ( still look healthy?)
T4Q NP Margin | ROE:
16.09% | 19.26% ( Double digit ROE close to 20% !!)

Is it still worthwhile to buy at this cheap sale?

... Private Place which raised c.MR60m at RM1.36 per share.. extract from 15th March Public Research report; so discounted of about 10% from the average market price then to Rm1.36 per share of which 10% capital increase via PP !!

Remuneration should based on performance ; no performance = no bonus ; even salary need to review downward ;; MALAYSIA SEMUE BOLEH !!

Appeals bank guarantee release order. JAKS Resources is appealing the High Court's decision ordering the release of a RM50m bank guarantee to Star Media Group. JAKS said it filed the appeal at the Court of Appeal. The group also filed applications for a stay of execution on the High Court order and an injunction to restrain the two issuing financial institutions of the bank guarantee from releasing the proceeds to Star Media. Meanwhile, Star Media confirmed that it had been served with the notices of appeal by JAKS and the applications for stay of execution and the injunction. (The Edge)

TheLegeng27; After briefly going through JAKS webpages and did some reading there, I believe JAKS has a case against their appeal on the encashment of RM50million Performance Bond for the reason below :--

i) The Variation Order or additional work amounting to over RM50million which is more that the PB (just the final evaluation and concurrence yet to be established by STAR. but there is one unsettled claim..

ii)Assuming Work still ongoing despite EOT claim not granted for additional works carried out and Final account yet to be settled. But I am not sure if the progress had continued to slippage until it is deemed to be beyond salvage., if the work is progress well and catch up effort is shown, there should not be some appreciation from the STAR toward mutual goal; that is to complete the works ASAP within budget.

iii)I believe there is an obvious record of written protest from JAKS for encashment of PB for certain reasons....

I strongly agreed that this matter should settle amicably via ADR or negotiation / arbitration rather than escalating the issue to time consuming and costly court proceeding unless no other choice. STAR should within a reasonable time frame settle all valid VO and pay JAKS in a timely manner in order not to affect JAKS cashflow, "help other means help yourself" if JAKS failed, STARS failed too, no one win if the project abandon or in the state of endless prolongations.... STAR's PMC should ask JAKS to revise catch up plan with revised datelines and monitor the progress closely but assist in anyways possible as STAR's action is paramount to the success of the project. Besides JAKS has reputation to consider if the PB or really proven that is the case... There is no bad army; only bad general..let hope the issue can be resolved ASAP...









iii)

Alternatively, we doing in Phases; SG to Melaka as Phase I and Phase II Melaka to KL or vice versa...

Look like something weird with JAKS mgr..1) How could a project can turn out to be court case which shall be last resort? There are many Alternative Resolution b4 going to court.. 2) KYY recommendation for the right issue allocation not followed when the share was up upon his proposal..? EGO PLAYING? That is very common in these days..

Many companies in KLSE seemed taking advantage or taking a ride of their shareholder : just look at Tropicana : stock below NTA and yet the director or founder Danny is multi-BILLIONAIRE ? But some responsible company may be like YTL and Sunway, management will ensure the share is stable and always give presentation to public.. I attended Sunreit presentation, they answered any query and give good honest direction of company prospect and direction.. sort of open sharing...

Cashflow management could be an issue here; what happen to the progress payment received from good progress achieved at Vietnam Project?

Losr support or lost faith in this difficult time.. hope no more salt in the wound..

Op..why the JAKS price going South...now below 1.35?

KAREX : Challenge to the downtrend suggests immediate upsides ;Reported in STAR today

Also upgrade existing route whenever possible should be considered a first choice since it is very much cheaper and practical at this stage.., even it China, many existing railway line being upgraded and speed increased gradually.. India also upgrading several line from 110km/h to 160km/h and now with plan to increase the train speed to 200km/h with improvement/modification to existing track, signaling system, switches, train etc., Despite that INDIA is still proceed on the Mumbai Ahmadabad HSR with USD17Billion loan from JAPAN. But despite such Big loan with very low interest rate, INDIA is not rush to or very slow to grab the 0.1 % interest loan...?? Is INDIA worry about the 50 years repayment or something else?

let hope YTL is able get approval to extend ERL from KLIA to Melaka ..a tourist destination with many Singaporean and overseas visitors..

Hope we can see if there is light at the end of the tunnel

Affin predicted fair and reasonable target value of 1.90.... From current low at 1.49 ....41 sen or 27.5% gap or potential gain...