Gotyou

Gotyou | Joined since 2021-06-11

Investing Experience -
Risk Profile -

Followers

2

Following

0

Blog Posts

9

Threads

35

Blogs

Threads

Portfolio

Follower

Following

Summary
Total comments
35
Past 30 days
0
Past 7 days
0
Today
0

User Comments
News & Blogs

2023-08-10 12:06 | Report Abuse

Hopefully to see more clarifications on the interest expense of JHDP loan from the management in the coming quarterly report.

Stock

2023-08-01 09:27 | Report Abuse

DK, I like to join your group please. TQ

Stock

2023-07-31 20:51 | Report Abuse

Just88, I decided to withdraw my intention to join after reading Aseng's comment on my request. He had not expected that I would like to join and is cynical of my intention. It will be difficult for me to share my views under such circumstances. After due consideration, perhaps leaving them alone is best for them.

Stock

2023-07-31 16:50 | Report Abuse

Aseng, I withdraw my request to join. I understand that my position contradicts the interest of the group.

Stock

2023-07-30 22:12 | Report Abuse

I thought Aseng would welcome people with opposing views. I m still waiting to be accepted into the group.

Stock

2023-07-29 17:18 | Report Abuse

Aseng, can you accept me into the group ?

Stock

2023-07-26 10:23 | Report Abuse

It seems that DK cannot retire in peace. Only option is to close the private group chat.

Stock

2023-07-23 23:44 | Report Abuse

Soon9913, you are right to be suspicious but I can't show you the documents I received. Anyway, the strongest argument is that if the capacity charges are the same for the whole concession period, the IRR would have exceeded the the 12% permitted by the Vietnam Government. The capacity table that I received has IRR within the limit.

Stock

2023-07-23 22:55 | Report Abuse

Soon9913, Assumptions are made after due consideration of the available information. Nevertheless, assumptions are not certain and subject to change as and when new information emerges.

https://klse.i3investor.com/web/blog/detail/gotyou/2023-07-23-story-h-244787556-JAKS_RESOURCES_FAT_or_THIN

News & Blogs

2023-07-23 21:23 | Report Abuse

Discount factor for npv should be slightly higher than borrowing cost. USD commercial lending rate is around 8.5% now so 10-13% is reasonable expectation of return from a large and risky project.

News & Blogs

2023-07-23 15:59 | Report Abuse

I consider DK my sifu. Who are you, PureBULL...? Are you holding Jaks ?

News & Blogs

2023-07-21 11:15 | Report Abuse

Yes, I m aware that 2022 interest expense was used in the computation. The projection itself was based on rough estimation using the most recent figures made available. Thank you for pointing it out.

News & Blogs

2023-07-21 10:55 | Report Abuse

Yes, I m aware that 2022 interest expense was used in the computation. The projection itself was based on rough estimation using the most recent figures made available. Thank you for pointing it out.

News & Blogs

2023-07-20 20:56 | Report Abuse

Just88, I know sharing the snapshots will be more convincing but I was told that even though all the BOT power plants in Vietnam are having the same pattern of capacity charges but the rates varies slightly according to the investment capital. Therefore, it is very easy for insiders to know the origin of these information by looking at the rates. I must protect their identities or else no one will ever share anything to me in the future. Leave it to the readers to believe. After all, I have nothing to gain or lose whether they believe or not.

News & Blogs

2023-07-19 17:21 | Report Abuse

Sorry about the mistake

News & Blogs

2023-07-16 21:31 | Report Abuse

Just88, the dividend received from outside malaysia by a malaysian tax resident company is exempted from tax if the headline tax rate of the income origin country is not less than 15%. In this case, HK or Vietnam both have headline tax rate of not less than 15%. The RM70m dividend received from JPP last year did not seem to have attracted any tax.

News & Blogs

2023-07-15 21:43 | Report Abuse

The sole purpose of this article is to demonstrate by rough estimation that Jaks maybe facing tight cash flow over the next few year mainly because of the short 10 years tenure of JHDP loan. As a big portion of the distributable cash in JHDP will be utilised for repayment of borrowings thus resulting in much less amount for dividend distribution. Nonetheless, this article does not assume that Jaks will default on its loan repayments. By all means, Jaks can refinance its borrowings or carry out fund raising exercises through private placements/ rights issues to address its cash flow deficiencies.

News & Blogs

2023-07-14 13:16 | Report Abuse

valueinvestor888, any retention sum would have been included in the net current assets already.

News & Blogs

2023-06-16 17:31 | Report Abuse

It's Compounding, you're welcome. Jaks cash management is very poor thus had to carry out multiple equity funding raising exercises. This is detrimental to minority shareholders having their shareholding diluted many rounds. Jaks' share price has fallen to less than RM0.20, another round of large equity rights issue will likely halves the market price.

News & Blogs

2023-06-14 19:55 | Report Abuse

I think Jaks management should clarify on the source of funding for the 10% optional interest in JPP.

News & Blogs

2022-06-02 20:37 | Report Abuse

Liewtz, thanks for the information

Stock

2022-05-22 13:32 | Report Abuse

i3lurker, please enlighten us. Can JHDP make money in the coming results ?

Stock

2022-05-22 13:01 | Report Abuse

When the 1,200MW coal fired Jaks Hai Duong Power Plant ("JHDP") which is 30% owned by Jaks Resources, started commercial operation in Jan 2021, international coal price was around USD60 and the price has since soared to over USD400. So the big question is "Can JHDP still remain profitable ?"

Most investors will find it difficult to concur as the primary feed stock, Coal, has gone up way too much beyond limits and imaginations in such short span of time. Does the power purchase agreement signed with the Vietnam national grid offer unrestrained protection for JHDP to remain profitable regardless?

The short answer given by sifu DK was "YES". He said JHDP will remain profitable as long as the power plant is in good operating conditions.

DK seems very confident on his research and knowledge of the power purchase agreement. However, if he is wrong, Jaks will suffer huge losses in its coming results. Is that the reason why its price is so depressed now ? Will the price stage a relief rally if DK is proven right ?

News & Blogs
News & Blogs

2022-01-07 08:57 | Report Abuse

i3gambler, JHDP is guaranteed capacity payment for 25 years and capacity payment makes up 80% of the total tariff payment.

News & Blogs

2022-01-05 20:57 | Report Abuse

I won't take the Chinese partner as ignorance as many of us here not to understand the physics of coal power plant and left out the aging factor in its negotiation with the Vietnamese government.

News & Blogs

2021-06-13 09:28 | Report Abuse

The total contract value of the EPC, as per the presentation, still remain at RM1886m indicating that there is no contract variation.