jv earn steadily, smell like JAKS power station goreng time

drop like hell

waiting for next portfolio rebalancing. Tabung haji will pull up its price to make its asset value high as BIMB is its main holding. They won't let the share price free fall as maintaining the share price in high level will maintain TH investment value having good return which in turn gaining investor trust in TH depositors as the biggest ISLAMIC fund in malaysia.

cut loss cut loss before crashing

HAHHAHAHAH, mostly just rumour, but MMC pattern similar with current situation. Until announcement day only spike top volume and suspend trade in half day. It got a similar low momentum period around 1 months before announcement.

hopefully you are right

ZHI HAN, real or just rumours lol

but FY20 Q2 got loss because an 50m impairment, without the 50m impairment of unsold properties it will be profit around 23m in FY20 Q2. But in FY21 only got 6m profit even added the 2.3m also around 9m profit which is halved from the normal operation.

rubbish

can u add me in group?

the forum like dissapear?

so the OR is available for trading since what date?

SELL SELL SELL, hopeless counter

LTIP AGAIN

still bullish?

latest right issue plan any clue?

something like international flight resume, contract win, new phnom penh airport plan got banned.

Hi Dk66, do you know how long it will delay for the whole power plant progress?

Around 1 month behind planned schedule?

hey dear sir OTB, did you asked about the possibility of cooperate activity such as right issue to collect sufficient fund to complete the project? Thank you for answering question.

most bullish market always comes after most bearish one.

It is glad to see how dear MR. SSLEE turn from a guy who keep questioning jaks future to defending jaks.

Dear Sir OTB, did you asked about will LAD expenses be continue? when will it stop?

just wonder why this quarter will have huge impairment loss on property division.
but glad to see property segment is reducing loss.

and another problem is significant increase in other operating, administrative, selling and distribution expenses.

extremely excellent results.

exactly, really feel appreciate that kyy did provide us a golden chance to buy on weakness.

A big thank you to DK66 for your investigation. Really looking forward to another stock that you will look so depth.

attractive valuation on this price

first time seeing hng33 having such confident haha

Possibility will be low as they already had one right issue warrant.

we discussing the probability of cash call based on facts and figure. All is just guessing. The only decision is all depends on the management. Hopefully they don't do stupid stuff.

BTW, for bonus issue and free warrant, company will not get any immediate cash after these exercise right? I saw some where stated that after issuing free warrant, company can get immediate cash by pledging them to bank and get the loan first. Anyone can verify it?

Just wondering why jaks don't take bank loan because they keep disposing land last two years to lower down the gearing ratio. which provide a golden chance like now to have free space to increase gearing ratio again.

10% of Private placement is quite far less than the amount required to purchase the additional 10% of hai duong PP. The amount of Private placement might be just enough to settle the capital commitment required of the PP which is RM235m from previous financial report. After deduction of remaining unbilled order book profit, still lack of some cash injection. Hopefully not too much dilution will be made to the share.

because they really lack of cash

best strategy is always hold and wait.

Very good sign didn't break previous low.

or sma200 will be reached based on your experience on crisis level? but personally thinking that next quarter result might be rebound timing as profit is expected which will lowered down the PE.

Hi dear OTB,
From TA view, can you know which is the major resistance from this huge correction on the coronavirus basis? sma50 broken, so will 1.13 a strong support?

https://m.facebook.com/story.php?story_fbid=156538069016647&id=108

But here stated that at march is ready for COD but official blending in national electricity grid is on May.

awesome news, glad to see no worker is going back for festival. their sacrifice earn lots respects

Just hope that the power plant worker/engineer didn't get back China for festival celebration, otherwise the power plant progress might really being affected. Hope to get clarification or latest update of power plant after steam blow success.

Personally thinking that any cooperate activity Timing might be the next quarter result announcement as decent profit is expected while current price lifting could be beneficial for company to give right issue at attractive price (1.4) rather than staying at price (0.8). OR beneficial to operator (JUST GUESSING NO OFFENSE) to raise the share price and volume for ease to dispose.

no worries pjseow, no offense question but just curious what kind of right issue will be attractive enough based on your experience? From my observation so far, most of the share price will either drop to right issue price nearby mostly lower. Unless the right issue is like bonus issue or free warrant but i doubt it cause they already had one right issue warrant and free share or warrant will not give them instant cash. Perhaps they can consider bond issue or bank loan as their gearing ratio now is considered low so they got gearing margin to do loan borrowing. Personally thinking is that paying bank interest is better than diluting shareholder effect.

Because i also suspecting a right issue will be coming but purely just guessing because the cash flow from latest financial statement is not so sufficient and also the pacific star project might be done hence they might need cash for compensation on LAD although provision is made but cash haven't distributed yet.

what kind of right issue will be attractive?

thank you for your explanation.

dear dk66,
i remember i saw someone saying in this forum that the construction profit have to take out from the project cost. is it reasonable?

my understanding is like this,
for example,
project cost payback period is 8 years
but loan can be done repayment by 17 years,
so while the power plant start COD, they will choose to use the power plant earning to payback minimum loan repayment amount plus interest cost so their cash flow after loan repayment can be return back to shareholder immediately rather than they use all the cash to pay off debt.
payback period determined by the total capital investment (not capital contribution/commitment )
75% financing part should take as capital investment too.

IRR is use to determine payback period which it takes 8 years to recoup project cost if the project can provide 12% annual return excluding the finance cost.

but I am not sure whether my understanding is right or wrong. please advice if i am wrong.

The 75% loan is also part of capital investment because they got the loan that use to fund the project. If their earning is just calculating the equity based (RM560m)which is 25% also required 8 years to breakeven, then how is it possible to pay off the 75% loan when the project duration is just 25 years.

It is based on project cost, not equity portion.

Internal Rate of Return (IRR) is a rate on which NPV of the project equals to zero i.e. value arriving by discounting all the cash flows of the project with IRR rate will be zero.

http://ecapslock.com/?p=106

The profitability of jordan power plant of YTLPOWER is unquestionable but will it be significant to the current market capital and earning of the company? It is unlike JAKS's hai duong power plant that changed a normal company to a annually 250m earning company. For JAKS it is game changing milestone progress like bad earning --> good earning but for YTLPOWER, it is just from good --> better.

for ytlpower, it is already consider big cap stock so the new contribution of the power plant might not be significant for it as its share price is hardly grow double