not worth it to gamble on the volatility of crackspread for refinery....

go for power plant with recurring cash flow for ages.....25 years

stay away from refinery...

Yes sifu, how are u doing?

when it comes to Koon - especially

if Koon can listen to Desa...would it be that hard for him to listen to OTB? If not now (giving the benefit of doubt)....how about when the power gets into the grid?

we always need to see through...beneath what is apparent in i3

Pjseow, maths of chemical engineering still not as advanced as electrical engineering maths. I have learnt the fundamentals and practical side of electricity, induction motors and the controls system during working life.

Thank god at least stock market maths is not so complicated..its the business sense like yours which is truly priceless knowledge.

Ya...its head or tail guessing game like casino here...
And you make money without any prior guessing from your mind..

Serah kpd takdir allah aje lah...

knowing that the date for placing power to the grid is very very close

its absolutely zero risk now in terms of construction completion (not talking about management which is highly subjective) and that there is a minimum guaranteed profit which easily justifies a price above RM 2

i am still positive that Koon is flexible and nimble...zero ego...when it comes to stocks...

as such its still very possible that he will buy back JAKS
..........................................................

we just need to enlighten him more on Mong Duong 2 where as per sslee the FCF QTD (3 qtrs) 2019 is about RM 414 Million annualized. This translates to RM 244 Million for JAKS at 30% stakes of the identical power plant it has.

the above is at very low utilization rate, at utilization rate of vinh tan 1 level it would be way much higher

Glad you know this human

Posted by human > Jan 3, 2020 8:59 PM | Report Abuse

ya, power plant is simple. processing plant more things to check.

No, i am not. Im a chemical engineer and have done commissioning of much more complicated plants. Thermodynamics and electromagnetic principles are quite easy for me to grasp. As i have both process and electrical & automation knowledge

by the way, they just updated with more images of the plant on google map (4 hours ago)...keep checking there.

They may also share video of the steam blow test in few days.

For the investors who understand why they are investing here, go through the 2 minutes video below to have better understanding and form on your own opinion how fast they will be able to generate power knowing they will be doing steam blow test on 4th Jan.

2 MINUTES VIDEO for you to crack your head:
...................

https://www.youtube.com/watch?v=lh5_7sHyLU4


The power plant consist of:

1) Coal handling section

2) Boiler

3) Turbine

4) Generator

auxiliaries are just circulating water as cooling system on the generator

steam blow test means they are already burning the coal to produce steam and merely bypassing the turbine.

this means section 1 and 2 will be completed by 4th Jan (tomorrow)

thanks edkfc, you are the kind of investors we want here at Jaks

to look at it as a business...to me this is what we really mean by 'business sense'.

If you see the google map location under photos - latest, where there are two objects under the massive yellow beams ( 2 way hoist presumably), it appears to me they are the turbines.

There are 2 identical units there.

This means (as expected) both the unit 1 and unit 2 x 600 MW turbines are complete and that its just the commissioning done in stages for unit 1 and unit 2.

I see no reason for plant construction (civil, mechanical and electrical) to be done separately.

Further, placement of power to the grid has to be done in stages.
The reason for staggered commissioning appears more due to the need for gradual rise in power consumption at the grid.

well, they did say the below in 2018:

https://www.vir.com.vn/vietnam-power-plant-will-drive-jaks-profit-growth-61256.html

“We believe that management will complete the project on time, as it will play a significant role in bolstering Jaks Resources’ chances of securing new power-related projects in Vietnam,”


Posted by elbrutus > Jan 2, 2020 9:49 PM | Report Abuse

CPECC reputation at stake ...how not to complete on time ??? i am pretty sure they are looking forward to more POWER PLANT PROJECTS from d VIET GOVERNMENT...so die die also must habis leh...muka cannot jatuk juga !!!

The video is taken on Jan 2020.

From the images, i can firmly say the plant is complete in terms of civil, mechanical (based on claddings) and electrical (based on conduits placed for the cables).

There is absolutely no further material that is needed to be placed in the plant.

........

Its now purely bringing the electricity to operate the automation from DCS-SCADA and start the system, i.e commissioning.

Commissioning means operate and ensure all equipment and components are functioning as intended.

Steam blow test on 4th Jan means - half of the plant is tested.

claddings had been made means the lines had been all pressure tested

click on the 'latest' section.

click on videos section to have a plant walk through:

"no need to fly to Hai Duong'


https://www.google.com/maps/place/BOT+thermal+power+plant+in+Hai+Duong/@21.0334635,106.4145898,12743a,13.1y/data=!3m8!1e5!3m6!1sAF1QipMZbF6nwUxbpru-Zyfht9zshCWXZ2Bw1-ql6c9H!2e10!3e10!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipMZbF6nwUxbpru-Zyfht9zshCWXZ2Bw1-ql6c9H%3Dw203-h114-k-no!7i3840!8i2160!4m12!1m6!3m5!1s0x3135820e1d6da019:0xfcf4e0ad823d167d!2sBOT+thermal+power+plant+in+Hai+Duong!8m2!3d21.0334635!4d106.4145898!3m4!1s0x3135820e1d6da019:0xfcf4e0ad823d167d!8m2!3d21.0334635!4d106.4145898?hl=en#

there is a 30 sec video taken inside its plant, appears to me all had been completed...its purely operational testing now:

https://www.google.com/maps/place/BOT+thermal+power+plant+in+Hai+Duong/@21.0334635,106.4145898,3a,75y,90t/data=!3m8!1e5!3m6!1sAF1QipMZbF6nwUxbpru-Zyfht9zshCWXZ2Bw1-ql6c9H!2e10!3e10!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipMZbF6nwUxbpru-Zyfht9zshCWXZ2Bw1-ql6c9H%3Dw203-h114-k-no!7i3840!8i2160!4m5!3m4!1s0x3135820e1d6da019:0xfcf4e0ad823d167d!8m2!3d21.0334635!4d106.4145898?hl=en

Latest plant images:

https://www.google.com/maps/place/BOT+thermal+power+plant+in+Hai+Duong/@21.0334635,106.4145898,3a,75y/data=!3m8!1e2!3m6!1sAF1QipN0H8i1Tafj1iNYUI3m4Eihz4v9QITgLek7jTF_!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipN0H8i1Tafj1iNYUI3m4Eihz4v9QITgLek7jTF_%3Dw203-h152-k-no!7i4000!8i3000!4m5!3m4!1s0x3135820e1d6da019:0xfcf4e0ad823d167d!8m2!3d21.0334635!4d106.4145898?hl=en

Fantastic news! Thank god.

they blow till they no longer get any particle coming out of the lines....

this is to ensure when they put through the steam via turbine (later), there are no longer particles at high velocity on the line to cause damage on the turbines...

The more you know the more you appreciate:

https://www.fourquest.com/services/steam-blowing/

STEAM BLOWING
............

Effective in the removal of construction debris, weld slag, sand, oil, dust, rust and mill scale from critical systems prior to plant start-up.

We optimize our steam blows with quality engineering, and by utilizing the best equipment. Determining pipe sizing and design, pipe routing, steam conditions, noise level, thermal cycling, water quenching, and condensate generation are all factors that—with our proper planning—will ensure a successful steam blow operation.


WHY PERFORM STEAM BLOWING?
..........................

When pipe is fabricated during hot working, a heavy oxide layer forms. This layer is known as mill scale and must be removed from critical systems before putting them into service.

Over time, enhancements have been made in plant start-up techniques to perform engineered steam blows that remove mill scale. During a steam blow, the piping is blown with sufficient boiler pressure to ensure that enough dynamic pressure will be experienced in the pipe to provide adequate cleaning.

During any plant start up, there’s a possibility that particles left in the pipe from the construction phase could break loose and travel downstream. These particles can damage instrumentation and impede other plant operations. Typically, boiler pressures used in steam blowing provide a dynamic pressure throughout the piping that is at least 20% higher than would be experienced in normal operating conditions (CFR ≥ 1.2). Any potentially damaging particles will be blown out of the piping prior to plant operation.

The time taken for an object to travel through the system and be ejected cannot be calculated. Instead, a technique of detecting particles in the emerging steam blow is used. This technique checks the emerging steam for particles impacting on a polished metal plate (commonly known as a target).

ask sslee sifu or philip greta sifu from his biomass boiler to power generation commissioning stages...

the principles of the power plant commissioning would not be much different

steam blow test is not like a test to pass...its just clearing the lines...

they would have done pressure testing much ahead to ensure there is no leakage on the lines

.......

i would say its more of a first segment of the plant commissioning :

stage 1: coal energy to steam energy

2nd stage would be: steam energy to power (electricity)

rest would be teething problems before placing the power to the grid

ok 'smart' ks55...check your postings...its you who used the 'derogatory' word first...learn to use respectful words on others first...

fair to declare one as an idiot when one constantly try to demote (independent to how sensible are their arguments)...instead of promoting any stocks (9 demote vs 0 promote) due to sheer jealousy instead of rational thoughts...

sslee once attacked koon kow kow...after that he realize he better not make any enemies...

what lectures he give here in i3..on philosophy...and karma bullshits...

his objective is only one thing...make $$...LOL!

Posted by Icon8888 > Jan 2, 2020 10:15 AM | Report Abuse

I hope righteous sslee has the gumption to speak up against these misrepresentations, lies and deceptions

what are you waiting for sslee ?

They are just 2 months away from power generation (not to the grid)...and 4 months away to the grid (commercial operation) for unit 1.

as earlier they targeted 3rd March (as per above news on 5th Sept).

..................................

Considering the steam blow test date... i would say an improvement of about at least 2 weeks now..

They are just 2 months away from power generation (not to the grid)...and 4 months away to the grid (commercial operation) for unit 1.

as earlier they targeted 3rd March (as per above news on 5th Sept).

..................................

Considering the steam blow test date... i would say an improvement of about at least 2 weeks now..

For those who are still unaware on the official news earlier in Sept 5, 2019:

https://baohaiduong.vn/chinh-tri/dong-chi-nguyen-manh-hien-lam-viec-voi-chu-dau-tu-du-an-nha-may-nhiet-dien-bot-hai-duong-115554

extract from above translated to english:

At the meeting, the business representative briefed the provincial leaders about the progress of the project. BOT Hai Duong Thermal Power Plant has 2 units, capacity of 600MW. As planned, by March 3.2020, the No. 1 generator began to generate electricity. By May 6.2020, the plant will be completed commissioning, officially generating electricity into the national grid.

.......

since then there has been considerable progress and updates on unit 1 where the steam blow test is now scheduled on 4th Jan

For those who are still unaware on the official news earlier in Sept 5, 2019:

https://baohaiduong.vn/chinh-tri/dong-chi-nguyen-manh-hien-lam-viec-voi-chu-dau-tu-du-an-nha-may-nhiet-dien-bot-hai-duong-115554

extract from above translated to english:

At the meeting, the business representative briefed the provincial leaders about the progress of the project. BOT Hai Duong Thermal Power Plant has 2 units, capacity of 600MW. As planned, by March 3.2020, the No. 1 generator began to generate electricity. By May 6.2020, the plant will be completed commissioning, officially generating electricity into the national grid.

.......

since then there has been considerable progress on unit 1 where the steam blow test is now scheduled on 4th Jan

Philip Greta is truly a genius in identifying the positive attributes of a business...perfectly sensible, knowledgeable..and he is truly gifted in his ability to compare one business vs another.

But..he always misses on the valuation part (just like in QL)...the other side of the equation...i.e, how he weighs all these positive attributes and justifies the price....its like he only looks at one side of the balance weighing scale and completely discards the other.

Is the current price justified against the potential earnings?
Do you need to see the explosive earnings first before buying?

should the current interest in Jaks only justified at a price of 80 cents? or is it considered undervalued even at RM 3? How did you came to such conclusion?

lets not blindly discard the other side of the equation...the valuation part.


the balance weighing scale has two sides
.........................................


For a clearly proven potential earnings of an exactly identical power plant and with a simple mechanism to explain its earnings in hand...

its such a waste to keep a blind eye and wait for Hai Duong to show the results....when commercial operation is just 5 months away.

Next, i hope they will announce in local media after the successful scheduled steam blow test on 4th Jan

This is a major milestone, its as good as ready for generating power

The fact that Koon compared to Mudajaya in India 1000s miles away, instead of Hai Duong close neighbours in the same country such as Mong Duong 2 and Vin Tanh1...clearly shows an ulterior motive.

It shows we are all a child deep inside..controlled by jealousy, pride n arrogance etc..

Dk66, u dont know about ks55...he is a world class educated idiot..a person with a reputation like u should not even respond/ entertain him

I salute paperplane...with his 1.5 in" penis length after 4 yrs..he feels he has a horse' penis..positive thinking...lol!

obviously ALP knows...not sure about Merican...he is more concern on adding more wives than shares.

we are not in counting business....thats for accountant.

entrepreneurs, businessman sees what no accountants can see

i suggest accountants take a back seat and just count the days as it ticks...

Posted by pjseow > Dec 28, 2019 11:35 PM | Report Abuse

Hi Mr Tan KW, my picks are as follows
1.MFCB 30%
2.JAKS 30%
3.MKH 15%
4.Dayang 15%
4.Dpharma 10%

I will resubmit on 31st DEC after 4.30pm

i suggest he learns from pjseow...cagr of 25% for the last 21 years

Position/participant/2019 return / 2018 return/ 2017 return/ 2016 return / (Total return 4 years)

62/paperplane/20.79%/-59.20%/8.02%/31.89%/(1.50%)

https://klse.i3investor.com/blogs/Hedgefunds/2019-12-19-story-h1481233220-3_years_return_for_i3_competition.jsp

OMG...paperplane 1.5% return after 4 years? 62th position...LOL!

Ha ha..smart quote from up_down

I support people who dare to fail like u...

This time paperplane sure top spot

Myeg, your 2019 pick..despite so much buyback still not moving..strange..dunno still can invest or not

I never participate...still learning for last 4 yrs from all sifus

Me part time investor...full time office

2020 champion will be paperplane...i can feel it