Jaks 3 major business
1 Power Plant - promoted by KYY constantly.
2. Construction - expecting more job coming as Selangor water restructure complete soon.
3. Property - Closing down after selling stupid Ara mall and complete PJ falling star building, currently aggressive selling land and consolidate all property investment into one subsidiary, closed for good very soon.

http://www.jaks.com.my/powerplant-progress.php

Progress as at 1-Aug-2018,

After Selangor complete the restructure exercise, JAKS might be awarded few project, build water plant, and install mild steel pipe....many many plumber job require due to the prolonged restructure....

i dont understand why so many trader here launching personal atack to an old man, yes you are free to bring up you frustration and persona commment, but must have certain limit, why not attack other like cimb also call buy for jaks...why spam the forum here....?

@beary, if those follow your call and sell on monday but price go up, would you appology to them?

@beary , what if KYY reallh stop selling, whould you appolofy to the old man?

@norep , are you idiot, no people is obligate to ensure you earn money, some gain profit from KYY recomendation and some making lose, is normal. if you dont like him, just get lost lah, why blame other people when you making lose, what kind of mentality is this...you are seriously idiot, if yes better Stop investing, cause only idiot will blame other when makung lose. super idiot

@norep , are you idiot, no people is obligate to ensure you earn money, some gain profit from KYY recomendation and some making lose, is normal. if you dont like him, just get lost lah, why blame other people when you making lose, what kind of mentality is this...are seriously idiot, if yest better Stock investing, cause only idiot will blame other when makung lose. super idiot

Monday TP RM 10.00.....lol, btw it is as expected....probably my earlier guess is correct, KYY stop selling and star accumulate back slowly in last 3 days...price would not go below RM1 since he is stop selling and star law suit has been defer to october,

the next question would it go up on Monday, if yes how much RM 1.3? 1.5? 2? haha whose know, the time prove to use.

KYY stop selling.....boring, contra kaki also all gone already,

icon888, KYY should only left 25% shares of Jaks based on the last announcement.

kyy won 1st round, force them defer the right issue?

unexpected good news, right issue is postponed, highly like will be call on end of the year of early of next year.

@4444, maybe he enjoying killing the retailer by selling his million of share in a day, other substantial shareholder won't sell share the way he did....EPF will sell slowly, the way he sell share is like punishing the company and investor.

KYY is busy with his new job...no time for stock manipulating

@rich, you can call him ask him personally, lol....buy and sell based on your analysis and judgement, don't ask stupid question here...

someone with deep pocket keep collecting, not sure whether is YKK or his fans....just hope for the best.

JAKS won the court case and no payment until end of september, the legal battle restart again...

i guess KYY has stopped selling....haha, hopefully new blog coming out soon, yesterday night i dream that KYY and Ang having tea and cake together and agree to cooperate......dream!!!!!!

when court announced that Jaks need to pay star within 5 days, jaks gap down 15%, price only stabilize after KYY comments, with the new progress from the legal case, maybe maybe tomorrow can up 5% leh, if KYY stop selling, price may up 10%

TA TA, is the reversal signal emerge?

the only good news want to see is KYY buy back or stop selling, since yesterday and today went up, hopefully this might be a sign that he met selling quota already...haha

@hollandking, you are being fool la, they just repost yesterday old announcement...

debt, debt and debt...the 101 ship still idle....need fresh money to pump in....i though @saltedfish said BARA had briefed Fund Manager on the strategy to bring in new partner or funding? no news yet?

not sure who, i saw 1 million shares queue at 1.09 during pre-closed time, it disappear just second before pre-closed time end, haha, to lure people in? who? KYY? lol

almost 4pm, i believe the hearing has been over, although i no care but can't discount the impact from the court case, since it is dropping i presume they lose the case again to the star.....just get over it and move on.....

the 2 million queue at 1.03 now reduce to 1.5 million around 5 million just pull off....haha, maybe is KYY.

there are 2 million queuing @1.03, let see how KYY break this wall

@GoodBoy, i don't think contra is a threat, but KYY yes....if you monitor last few days transaction, the way KYY sell his share, wide out 1 million worth of share queuing by merely only 1 transaction...huhu... than it continue few times....no matter how high is the wall has been accumulated, it just simply break it without second though. haha this old man has no mercy

@GoodBoy, those contra kaki had sold and left this forum already since yesterday haha, check the comment yesterday and you can find a lot of contra kaki announce victory....haha

btw, who keep buying since this morning, don't think those contra kaki dare to buy now after the price hike from 0.9 to 1.07 which is 10%,

with merely 4% disposed by KYY, already cause it drop to to 0.90.....he still holding 25%..haha, but once his stop selling, the price automatically gone up because it has been oversold for so long...probably it will hover around 1-1.20 range until next catalyst..

any good news from fund manager?

seem like a lot contra kaki sold their share this morning, btw, there are 25 million worth of share bought by someone just today at price 1.03 - 1.05, definitely ICON888 is not alone and a lot of them believe in the fundamental of JAKS. lets the time prove who is wrong or right....looking forward to Q2 result as it going to record high.

haha, kyy sell share to buy warrent...seriously, the warrant price at 25cent with RM1 exercise price, which very cheap, only 17% premium based on current price...

today total 25 million of shares change hand, which is top 4 higher value transacted in bursar, highly doubt only retailer involved.

possible good news list
1. KYY promote the counter again
2. New contract
3. Vietnam construction phase 3 completed
4. unknown good news
5. no news equal to good news

170 million sale of land was completed in April, would this amount appear in the coming 2nd quarter report?

i figure the next blog is coming out soon, fans of KYY be ready

same with velesto, debt...

contract is too little and too late, no doubt tomorrow might fly....this counter need fresh fund desperately...dont get me wrong, i also invested but ceo really need to sell his stakes la

ok, good good, what would tomorrow price, break 20 cent?

is this a good practice, why petronas keep award umbrella contract without define the amount, difficult to gauge how much earning lah

@SuperPanda, you are totally wrong again, some of the retailer does make a lot of money from the previous hike....KYY is the only one who push up the share price and a lot retailers benefit from that. From the announcement made recently, KYY is not the 1st person sell but are those retailers sold first.

tomorrow JAKS give up the court case and pay 50 million, then KYY praise the JAKS act and keep promote this counter, then follow prospect buyer for evo mall....perfect scenario to push the share up.

KYY crying, estimate 100 million gone...haha

@dompeilee, the buy % has been increase 5% since second session start......looks like many brave investor rushing to catch the falling knight or rebound....

@Gushen, you are totally wrong, this round KYY is the loser and run slower than other, he only start selling at 1.20 which is 40% lower from the peak 1.8, mean a lot people already ran with profit or cut loss before KYY start selling.

KYY still got 29% share on hand....haha. I guess he is selling to fund the right issue cost...he need to sell at least 15%, and i guess he had already sold >10% as at today.

if it break below RM1....no support level lo

from last Friday to today, 2 days only 5% share change hand
which worth RM 30 million