Aseng, ha ha, I m just guessing my way thru. Don't take me seriously. But it sounds fit, right ?

CCCL, I usually go for midcap stocks. These stocks require constant monitoring and can be very time consuming. Investment took up a lot of my time. I want to enjoy life so when it is enough I should stop.

johnmasino, you are welcome. Your kind words are very much appreciated
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johnmasino DK66:- Thanks for your past few articles. You're one of the few writer on i3 with integrity and honesty. Cheers!
12/05/2020 7:24 PM

My interpretation is as follows;

神秀说：“身是菩提树，心如明镜台，时时勤拂拭，勿使惹尘埃。"

One must constantly remind himself to stay clear of troubles

惠能说：“菩提本无树，明镜亦非台，本来无一物，何处惹尘埃 ."

One did not seek troubles yet he is troubled

Aseng, it is now or never. Opportunity to talk it down is narrowing. Good news from the power plant will surface any time.

popo92, about a third of my wealth is in stock investment.

I used to put 100% in stock investment but as the amount grew bigger, I bought some properties to diversify. I can't afford to take too much risk now.

After Jaks, I will reduce it down to 10% - 15%.

Thank you for your interest in my past experiences.

I started serious investing after the 2008 crisis. First I bought Harrison when it received a takeover offer of 1.25. One american aggressively bought 10% on the news. I knew it was too low so I bought at 1.20 and later sold at 4.

Then, I bought TWS at RM3 when MSM was taken from Robert Kuok. I knew the sugar price is going to rise. TWS has one of the only 2 sugar licences in Msia. TWS was later taken private at RM9.30.

About the same time I also bought Magnum when it was trying to relist its 4d business taken private few year ago. The relisting entailed CVC taking a stake in Magnum in exchange for its stake in the 4d business. Portion of the stakes must be place out to certain parties at the same price. Valuation of Magnum was kept at 8x PE, a low valuation to benefit certain parties. So, I bought at about RM2.20 and sold at RM4.10 before the listing of MPHB cap.

Then, I bought Dayang before the oil crisis at 1.40 but forced to cut off when the price fell back from RM4 to my cost.

Then, I bought Triplc on Jay's article. I went in at 1.50 and got back 1.95 thru distribution, and now waiting for the balance 1.00.

Now Jaks.

I studied each of my investment thoroughly. If you had notice, each of them was bought in anticipation of a bright future event. My investment success hinges on correct prediction of the future event. I have to take calculated risks. Jaks is no exception.

--------------
popo92 DK66 sifu, i am more interested to know more about your journey on investing. If i am not mistaken, last year i saw you wrote that JAKS is the only list in your portfolio. Can you share with me the portion of JAKS in your total wealth? a rough percentage will help a lot. I would love to learn more from your past investing counters too. You seems one who focus a lot. Appreciate if you would share with us.
12/05/2020 5:19 PM
12/05/2020 6:03 PM

Op3rs, i suppose if people sell out of profit, much less will curse me compared to those selling to cut loss. If I don't make a sell call, there will be people continuing to chase high. In the event of price correction, the effect will be devastating. In which case, my image will be tarnished from angel to devil.

Therefore, I think it is best to inform of a sell call.

Anyway, thank you for your opinion.

---------------------
Op3rs Dear DK66
As a reader that has benefited from your writing, I need to ask, why are you trying so hard to please everyone here? you know it will be never enough to satisfy everybody right? you have no duty to inform others about your selling. Let them decide themselves. Think of this, after you achieved your tp, you make a sell call, Jaks' price did not came down instead continue to climb up, you are gonna get cursed by everyone..
12/05/2020 3:39 PM

I made the following comment earlier about OTB and I m still having the same view that he is a very hard working guy.

Posted by DK66 > Apr 30, 2020 5:07 PM | Report Abuse

Newbie0916, Thank you for your good words.

However, I must speak what I had witnessed. OTB has put in great effort to learn about Jaks. He arranged to meet with insiders and sought information for his analysis. He emailed me numerous times to seek clarification for better understanding. He won't stop until I have explained to his satisfaction.

Hence, it is my opinion that he is not a copy and paste kind of guy.

OTB sent me a complete report of his recommendation on Mtag.

Dear OTB,

Sure, I m making a copy here.

-------------------
OTB Dear DK66,

I need a favour from you.
I want you to be my witness on my Mtag recommendation.
I recommend to all my subscribers to buy Mtag at 0.45.

Below are some of good fundamentals of Mtag.
There were 3 consecutive quarters of positive growth in PAT.
There is a net cash of 97 million in the financial statement.
EPS Growth = 12%
Free Cash flow > 30% of net profit = 14 million
PE Ratio = 8.6
ROE = 20.43%
EV/EBIT = 4.70

Below is my stock selection criteria.

My stock selection criteria
Below is my stock selection criteria, I want all of you to remember this keyword "UBS GMF".
Mtag passed 6/6 of my stock selection criteria.

TA comes first
U - Up trending stock - Cross "Golden Cross Buy" - Passed
B - Breakout chart - Break above 0.45 - Passed
S - Sector to focus - Glove Industry and ACE - Passed

FA comes second
G - Growth > 12% per year (2020) - Passed
M - Margin of safety > 56% - Passed
F - Forecast current year EPS must be better than previous year EPS - Passed

The first target price is 0.69.

I will come back to check with you whether this stock will make money or not.
The present price at 0.55, profit already in the pocket.

Is the word "cheat my subscribers valid or not", we will wait for the final result at a later date.

Thank you.
12/05/2020 2:58 PM

Yes, no burden , no pressure. tq
--------
Aseng DK66,

some fearmongers want to silent my brother but fail
hope and brightness have returned to this forum

“The only thing necessary for the triumph of evil is for good men to do nothing.” ― Edmund Burke.

my good brother ,
just do whatever you are happy to do
no burden , no pressure
12/05/2020 2:23 PM

mantua39, you are right. I hope readers here shared your wisdom.
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mantua39 It is good that you explained your investment dealings in Jaks but I feel that there was no real need to do so. After all, no writer of investment reports ever do so in any form other than stating that they have (or do dot have) any positions in the securities they report upon. Just sufficient report on your financial analyses as clearly as you can so that readers can use the info to make their own decisions to invest or not.Also no need to keep replying to people stating opposing views with any facts or data as backup other than spreading unsubstantiated fears that minority shareholder of IPP will cheated by majority shareholder or unlimited losses by Jaks in its Malaysian operations. If anyone has these fears, they should simply stay clear of Jaks rather than continuously looking for assurances that they will not be "cheated".
12/05/2020 1:19 PM

Johnmasino, no need to crack your head over today's prices. There were days where WB gained 4 cents while Jaks only gained 2 cents.

Same accounting treatment as Vinh Tan 1 will enhance the comparability of VinH Tan 1 to JHDP.
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Investee That means the construction cost will be capitalised and charge out over 25 years? Damn, that's not so nice. Hahaha.

Johnmasino, you may like to read the article below which was written 13 months ago.

Jaks Resources - Deleveraging Jaks-WB ?
https://klse.i3investor.com/blogs/Jaks%20resources/2019-04-05-story201127-Jaks_Resources_Deleveraging_Jaks_WB.jsp

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johnmasino DK66:- Why is JAKS-WB behaving weirdly? JAKS has gone up by 2 cents but the warrant has gone down by 1 cent! What the heck is happening? JAKS-WB is now trading at a gearing of 1.40!
12/05/2020 1:31 PM

Dear All,

Even though the american owner of Mong Duong II has adopted the new accounting standard ASC606, this is not happening to JHDP. JHDP will adopt the same accounting standard as Vinh Tan 1.

I wish to express my deepest appreciation to Mr OTB for his assistance in getting the confirmation from the Vietnam auditor. Thank you

---------------------------

Stock: [JAKS]: JAKS RESOURCES BHD

May 8, 2020 11:47 AM | Report Abuse

DK66 I am accountant, I know accounting treatment can have profound effect on the reporting of earnings especially when dealing with a transaction which spans as long as 25 years. Mong Dong II started operation in April 2015 and has written back as much USD203m when it adopted the new accounting standard in 2018 with USD40m increase in profit in 2018 alone as a result of change in accounting treatment.

Vinh Tan 1 is still using the old accounting standard. If JHDP is adopting the new accounting standard, It may be reporting higher profit than Vinh Tan 1.
08/05/2020 10:17 AM

Forgive my inexperience, I have not in my entire profession career seem a property with ZERO book value !

i3lurker, you will be a genius if you can make people believing a shopping mall can be given away for free !

My article "How I bought Jaks ?" easily made to the top spot yesterday with less than 1000 visits. Instead my best article with 9000 visits only made it to 3rd after more than 3000 visits.

I sense that i3 admin hopes to promote more of such behaviours. It is bad for i3 business if everyone is selfish.

And the article has not attracted much interest because not many are interested in self expression. Nothing to gain for them.

Just my opinion.

Aseng, it is because it always sound more sincere to ask readers to be careful and sell compared to asking people to buy.

---------------------
my good brothers and sisters here ,

shares trading is a transfer of wealth from a weak hand to a strong hand

the fearmonger can play this game better than our honest and kind DK66

Dear all,

You really need to be wise to be safe in i3. You must learn the basic knowledge.

How many can be fooled by such remarks ?

A property can be written down to ZERO value !!??

------------------------------------
i3lurker agree 100%

once shuttered down Auditor will demand impairment RM350 million
[based on my memory when I checked, very busy with gloves now. You look it up yourself]

Dear OTB,

There is no need to get angry over these people.
Some of your subscribers is sharing your articles here so that they can earn quick money.
You can't stop them from doing it again.
I just realised that it is not our duty to protect the i3 readers here and most likely we can't.
So, just let it be. Some just have to learn the hard way.

Rookieinvestor, I m glad to hear that you have your own wisdom in investing.

-------------------
Rookieinvestor DK66, even though you may spend more than 3 years on JAKS with all the explanation and theories, there is not much an impact on the price of JAKS which matters most to us at the moment. If something were to happen it better be soon. At the end of the day, the price of the share in KLSE is more important than your explanation. That is what matters most to most of the investors here.
12/05/2020 10:48 AM

Aseng,

Money is no longer a problem for me
Happiness is what I seek
I do not need to be selfish as there is enough money for everyone in Bursa
I gain happiness through sharing
But I must be able to share freely at my own will.
I m not god and I can't be happy if I m nailed to a cross
Enemies can't hurt me but friends can because I m here to share with my friends.
I m riding my journey here with FRIENDS only.
I won't demand appreciation, it has to come from the heart.
I won't stop just because no one said "thank you".
Don't worry, Aseng. To me, tomorrow is always a better day.
I never carry forward sad feelings.

Thank you

qqq3 only has his own interest at heart. He attacks those not on the same side with him and he loves whoever that is on his side. I was praised by him when he owns Jaks, but now i m a conman to him.

--------------------
Sslee Haha qqq3,
Already past 2 AM still typing your comments.
Proven beyond doubt you are Paranoid about OTB and KCCHONG
12/05/2020 7:50 AM

DK66 I m surprised to see the short list of writers that KC is able to name. Some stopped writing. After going through the last weekend in Jaks forum, I completely understand why so few has chosen to write. It is because writers are not able to share freely at their own will in i3. They often face unfounded criticisms for trying to pump and dump. Their most convincing logic is why would anyone waste their time writing in i3 if not motivated by money. I won't rule out the possibility of some writers having ulterior motives, but not all. It is a great lost to i3 readers when good writers chose to leave to prove their sincerity. Who should be blamed ? We should blame the fear mongers and those tasked to destroy the reputation of writers so that they can buy cheap.

I was blamed for over promotion by writing too many articles, and sadly also blamed for no doing enough. I was demanded to do more against my will. Enormous amount of attack surfaced after my latest relative valuation article which attracted about 9000 visits.

A sad weekend for me. Why am I here ?

I m proud to be listed by KC in his article. Thank you KC.

--------------------------
edkfc https://klse.i3investor.com/blogs/kcchongnz/2020-05-11-story-h15069975...

An interesting and wise article by KC Chong, as always ! He also made some good commendations of various people who wrote and contributed positively in I3. Chief of these is DK 66...and i quote

" There are some good writers and individual analyst in i3investor too. DK66 is one of them who is an expert in project costing and financial appraisal of IPP, a good investor, with great humility too. Good job DK, Jie Yu! Choivo Capital, although a young man very assertive and hence may have offended many people, is knowledgeable and good analysis and a great writer too. I believe he has done reasonably well too in his investment. Investbullbear has written a lot of good articles too. Ricky Yeo, a widely read young man, is another one whose articles many people can learn from, including myself. Pity we do not see his articles any more nowadays. My good friend Yi stock has written good analysis of some stocks but also don’t see him writing any more. Anyone interested in stock analysis can also refer to Icon8888. Many of his stocks write-up are good too. There is another good contributor, teoct who has written some of the best articles on QL and I remember a man of great humility too. Not forgetting someone named Philip, appears to be very good in qualitative analysis of business.

The above are just some of the good writers and analysts one can follow in i3investor for free. The list above is not exhausted. There are many more, and sorry if I forgot to mention. "
12/05/2020 12:44 AM
12/05/2020 9:10 AM

Ricky Kiat. Thanks for the info
---------
Ricky Kiat http://www.apcc2.ceec.net.cn/art/2020/5/11/art_47952_2119940.html
安徽电建二公司越南海阳项目部持续抓好疫情防控和工程推进工作。图为5月2日，锅炉除尘器出口烟道吊装作业。
12/05/2020 12:21 AM

Kalteh and akulamatata, you are welcome

Dear VIN3133, Thank for the heads up.

I have amend it. Hope it is better now

------------------
VIN3133 Dear DK66 , I believe you need to be more complete and specific in your sentence ".....I promise to complete the journey with a sell call." to avoid guessing as your article has attracted 9000 visits .
You know , we have readers here from all walks of life and with different standards of English language.
Your sentence might be interpreted as :
1) that you are completing your journey with Jaks now with a sell call .
2) that when my set TP is reached , i will complete my journey with Jaks with a sell call and readers here will be duly informed .That is my promise .
Which is which ?
Pardon me for my above observation .

TQ
11/05/2020 6:25 PM

Aseng, but my article is an act of honesty even without portfolio disclosure, right ?

Aseng, Sorry, I can't think of any basis.
------------------------
Aseng I used icon calculation to add weight on the reliability of Dk66 relative valuation.

On what basis I must multiply by 0.25 .

you teach me

i really do not know the background story

Dk66,

do you understand ?
if you know , please kindly enlighten us

I do not know Pestech well enough to make comparison
-------------
buildvalue DK66, can you please evaluate Pestech? what is the differences btw Jaks and Pestech?
11/05/2020 2:55 PM

buildvalue, I do not know pestech so I cannot make comparison.

This is a fair statement.

My opinion is that without the actual result from JHDP, Jaks will not command a very high PE.

My advice is employ a margin of safety if you should decide to buy.

-----------------
i3lurker purebull

it is the market interpretation of those results.

people doubt that market will ascribe high value to Jaks $

=> Even if $ is high, market will ascribe lower PE maybe 6 X

and that PE 6X while profitable for early buyers, will mean late entrants newbies may actually lose money.

thteh, you are welcome
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thteh Thank you DK66, I have been following your articles closely on Jaks and have invested in Jaks by analysing and reading your articles. Pls continue to keep us updated.Appreciate all your diligent work done.
11/05/2020 2:39 PM

sarifah, personally, I have found myself a better place of confidence with relative valuation. I will not linger on IRR anymore than I already have. IRR is not so simple. That is facts.

You owe yourself a duty to seek confidence.

Maybe can get your girls to help out on Jaks ?

sarifah, to accurately use IRR, you need to have the following information,

1. the actual initial outlays (project cost may not equal actual outlays)
2. whether interest costs should be included (some text books suggest NO)
3. what interest rate to assume
4. the actual loan tenure ( max 18 years)
5. the repayment pattern
6. the depreciation policy
7. the maintenance cycle ( expected a major maintenance every 3 years)
8. the plant efficiency as it affect energy payment
9. the electricity demand
10. the expected electricity production

It is not enough to just confirm whether it is 12% project or equity IRR.

Do you think Andy will tell you exactly how the IRR is calculated ?

sarifah, you lost faith in relative valuation already ?

Well, i agreed with him as this also fits Aseng's concept of honesty.

probability and Aseng, noted

purebull, philip advised me to make clear of myself for my own good.

Sarifah, please be reasonable.

If i cannot share freely base on my own will, I would rather stop.

Sarifah, i already got enormous amount of pressure from some readers in i3. I didn't expect one from you.

sarifah, I m sorry that I could not please you. I m not superman. I have limits. Did that caused you any harm ?

purebull, you should read the comments in Jaks forum starting from 2 days ago.

Mr OTB did ask on my behalf. However, nothing much I haven't told everyone already. My questions were mostly PPA related. Guess what, as expected, no answer because they are insider information.

------------
SarifahSelinder Aiyo DK55 team Andy allowed u to ask why didn't u ask?

Very reckless!!!!!
11/05/2020 1:31 PM

sarifah, I have not been reckless. You were thinking too much....

Anyway, I hope I m now clear to everyone. Thanks to sarifah for making it clear.

My articles are as pure as they are. I didn't cite any information from insiders.