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2023-10-22 08:45 | Report Abuse
China will 100% exit Coal business in Vietnam eventually
Itβs long time coming.. can wait
Immediate concern is 12% reduction in tariff rate
2023-10-21 20:12 | Report Abuse
From Vietnam:
https://e.vnexpress.net/news/business/economy/vietnam-lacks-a-million-tons-of-coal-for-power-production-4616971.html
There was an acute coal shortage for June and July 2023. Thermal plant unable to run at full efficiency. JAK QR closes end Sept 2023.
Less coal = less revenue = less share of profit in JV
Hope they miraculously found coal source at Hai Duong Plant during July and started digging π
2023-10-21 19:56 | Report Abuse
Jaks power generation business is price controlled by Vietnamese authorities.
Coal price and tariff fixed. Only variable is operating cost.
I see only tax rate being the difference but quantum of profit rate cannot be 32% vs 5-8%
Possible Vietnamese give cheaper coal or higher tariff to Jaks? π
Very Highly, Most probably unsustainable accrued expenses. Would like to see when its all added back into P&L
Posted by Bruce_Wayne > 10 minutes ago | Report Abuse
A 12% cut in pricing at same output will lead to a 12% drop in revenue
Net profit will drop more than 12%
Comparable plants in Vietnam are reporting only 5%-8% margins
All of them will swing into losses together with EVN
As a result of tariff cut and increasing interest costs, the real accounts for Jaks will probably show losses in 2024
---
Jaks is reporting total earnings of around USD120M for the entire power plant in Vietnam. That margin will be about 32% of sales. Comparable plants in Vietnam are reporting only 5%-8% margins.
Quang Ninh Thermal Power JSC _____ USD444.23M _____ USD32.84M
PVPower NT2 ________________________ USD374.68M _____ USD31.09M
PECC2 ________________________________ USD56.38M ______ USD3.27M
Pha Lai Thermal Power JSC __________ USD218.13M _____ USD15.89M
2023-10-21 12:25 | Report Abuse
With a 12% drop in earnings from Jaks Vietnam plant... That impact is BIG on a cash deficient company like JAKS.
Loan amount fixed, interest fixed.. both in USD
PP/RI/ Strip/ Free Buffet are all irrelevant.
Below does.
Latest update on Jaks Hai Duong Plant
In October 2023, Price for all coal plant power generated will be reduced from maximum (2022 price frame is 1.773,76/kWh) to new tariff rate ( 0 - 1.559,7 VND/kWh)
Earnings for Jaks will be reduced from Vietnam by 12% due to revised new power tariff.
Currency impact ( Paid in VN and Loan in USD) as disclosed by Bruce Wayne..
This time is really Mati Kudasai
https://vietnamenergy.vn/approving-the-coal-price-framework-electricity-generation-prices-from-the-coal-power-and-hpps-in-2023-31595.html
https://www.vietnam.vn/en/dien-than-cao-nhat-la-1-559-dong-kwh/
2023-10-21 12:08 | Report Abuse
Latest update on Jaks Hai Duong Plant
In October 2023, Price for all coal plant power generated will be reduced from maximum (2022 price frame is 1.773,76/kWh) to new tariff rate ( 0 - 1.559,7 VND/kWh)
Earnings for Jaks will be reduced from Vietnam by 12% due to revised new power tariff.
Currency impact ( Paid in VN and Loan in USD) as disclosed by Bruce Wayne..
This time is really Mati Kudasai
https://vietnamenergy.vn/approving-the-coal-price-framework-electricity-generation-prices-from-the-coal-power-and-hpps-in-2023-31595.html
https://www.vietnam.vn/en/dien-than-cao-nhat-la-1-559-dong-kwh/
2023-10-21 11:25 | Report Abuse
This is stuff suitable for Mission Impossible movie franchise...
No way.. I repeat zero chance... Backdoor listing for MAS using AAX? How in the planet Earth is this possible
Maybe Tony will court Khazanah to do a backdoor listing for MAS using AAX. This will jack-up the value of AAX further before move to the stage of getting CapA into the picture.
It is also a good time for Khazanah to unload their responsibility holding MAS forever.
2023-10-21 10:23 | Report Abuse
I know.. Just posted so the silent majority readers that are investors are reading my post and compare to his post
ππππ
I never cared for what he posts ... let reader decide
2023-10-21 10:10 | Report Abuse
Can u check Mabel what gender?
Posted by xskyriver > 1 minute ago | Report Abuse
I can provide whatever proof you guys need.
Proof service provider.
2023-10-21 10:06 | Report Abuse
Apa and Ama hold...
Posted by StingRay > 9 minutes ago | Report Abuse
Then who would hold the shares when shark want to exit?
2023-10-21 09:25 | Report Abuse
Sale of SapuraOmV is not finalized. Bidding stage now.
Then EGM stage for both OMV and Sapura
Timeline at least 6-12 months
All these while, interest expenses doesnβt stop.
Debt will keep piling up
2023-10-21 00:23 | Report Abuse
Right.. from start bidding till we get circular.. maybe 1 year or slightly more.
The shareholders circular has valuation report, analysis etc etc
2023-10-20 23:58 | Report Abuse
Once deal is confirmed.. you will get a shareholders report and EGM date.
Genting 1.22B usd sale, I think around I got 75pages document.
2023-10-20 22:53 | Report Abuse
In summary from the article... Long Long road ahead. 7 pot cover, not enough to cover 10 pots.. Unless Tony find an apom expert or maybe 2
https://theedgemalaysia.com/node/687067
Hope that ConMabel that keeps averaging down dont choke when he sees this article.
Suay Star strikes again..
2023-10-20 22:38 | Report Abuse
Definitely white shirt.. Tony is vain and prefer white to match his increasingly grey hair
Wave or Throw.... Picture is not right if wave.. Waving a white shirt will need make-up, strobing lights and Macarena music background..
So I pick throw
2023-10-20 22:23 | Report Abuse
Serba also not delisted since Aug... almost 2 months
Slow turtle Bursa
Let everyone wait long long
2023-10-20 22:22 | Report Abuse
Alternatively... Tony shows he has given up... no white towel.. so he threw shirt and appear topless
π€£π€£π€£
2023-10-20 21:42 | Report Abuse
Actually easy..
Change BURSA rules to accommodate AAX and CapA
Then we are can say Malaysia really Boleh!!!
2023-10-20 17:49 | Report Abuse
Actually Najib made a blunder..
All oil and gas in Malaysia is exclusively owned by Petronas and acts as sole regulator.
Anyone else is operator
2023-10-20 17:39 | Report Abuse
Hahahahaha... Never going to deny your creativity
2023-10-20 17:31 | Report Abuse
Since Venezuela sanctions removed for six months.. Can oil break USD100?
https://www.upstreamonline.com/politics/us-lifts-venezuela-oil-sanctions-for-six-months/2-1-1538384
Stock: [JAKS]: JAKS RESOURCES BERHAD
2023-10-22 09:13 |
Post removed.Why?