I said you cannot fight the market and the government policies and steps to curb properties prices and have been told I am too negative. Well if the government has decided it will just keeps setting more steps under it suceed. Look at Singapore, the properties prices there are expected to drop by 30% in the next 6 months.

So don't touch property counters for at least the next 3 to 6 months.

There is really no more rubber wood in Malaysia to produce furniture anymore.

This is a sunset industry.

Why dont you put all your money into JAKS???

My posting in JAKS is based by facts stated in its own announcements. Have you read them?

Dont just see things on the surface.

EPS 0.075 is impressive?? Dividend 50% of this so what?

Dead counter. No brokerage will ever cover this kind of company.

Sunset industry.

This is all goreng. Dangerous.

Furniture companies in Malaysia are all in trouble because there is no longer rubber wood for making furniture. All have changed to oil palm. Can you see rubber plantations nowadays?

Volume so low. You will be trapped here for the rest of your life.

Moreover Malaysia no longer have any woods for making plywood.

Better not touch or regret forever.

Cannot go up lah You cannot fight the market... and cannot fight the government policies

How come nobody worried about this development????


http://klse.i3investor.com/servlets/anpth/947689.jsp

JAKS RESOURCES BERHAD (“JRB” OR “COMPANY”)

PROPOSED JOINT VENTURE BETWEEN JAKS POWER HOLDING LIMITED (“JPH”) AND WUHAN KAIDI ELECTRIC POWER ENGINEERING CO., LTD (“KAIDI”) TO INVEST IN A 2 X 600 MEGAWATT COAL-FIRED THERMAL POWER PLANT (“PROPOSED JOINT VENTURE”)

This announcement is dated 30 October 2013.

We refer to the circular to shareholders dated 13 June 2013 (“Circular”) and the subsequent announcement dated 28 June 2013 and 3 September 2013 in relation to the Proposed Joint Venture.

Unless otherwise stated, the definitions used throughout this announcement shall have the same meaning as defined in the Circular.

On behalf of the Board, AmInvestment Bank wishes to announce that JRB Group and Kaidi had vide JPP’s letter to Kaidi dated 30 October 2013, mutually agreed to further extend the cut-off date to enable Kaidi to fulfil its obligations under the conditions precedent as set out in the Kaidi Subscription Agreement from the expiry of 30 October 2013 to 31 March 2014.

In addition, AmInvestment Bank wishes to inform that JPP has written to MOIT to seek a waiver for JPP and/or JHDP from achieving the Financial Close by 30 October 2013 (“Proposed Waiver”). As at the date of this announcement, JRB Group is awaiting for MOIT’s decision for the Proposed Waiver.



JAKS is going to lose its RM 60.2 million security deposit placed with MOIT because it cannot get the loan to finance the project to achieve the Financial Close by 30 October 2013, that is by yesterday.



RM 60.2 million security deposit gone. This will effect JAKS badly.

See paragraph 5.2 of this circular.....

http://klse.i3investor.com/servlets/staticfile/220787.jsp