when all the incentives are there, why wouldn't they place in commercial operation much ahead of schedule?

Posted by probability > Dec 4, 2019 1:16 AM | Report Abuse X

EVN is also desperate for electricity for the consumers and also due to such Cheap Coal presently.

JAKS-CEEC would also want to bring it on - as they will be paid based on Capacity Charge too (based on power capacity made available) independent to consumption.

In my opinion, market have still not digested (cant even smell it..nose block perhaps!)....the meaning of the below event.

Its indeed very well possible to place the unit in commercial operation in 2 months.

Commissioning should not take more than 2 months after Site Readiness.

That is like 4 months ahead of schedule.



Posted by VIN3133 > Dec 4, 2019 1:02 AM | Report Abuse

English translation ( google translate) :
Power generation for Unit 2 of Vietnam ’s Hai Duong Coal-Fired Power Plant Project was successful

On December 3, local time, the company's construction of the 2 × 600,000-kilowatt coal-fired power plant project in Hai Duong , Vietnam, power generation for Unit 2 of Vietnam ’s Hai Duong Coal-Fired Power Plant Project was successfully completed.

The Hai Duong Project Department of Vietnam has formulated a thorough plan, organized relevant inspections before receiving electricity for power use in the plant, rectified the closed-loop problems one by one, and all measurement results met the requirements and had the power receiving conditions. With the electrification of the 11kV switch room and the normal operation of all equipment, the power plant of Unit 2 successfully received electricity once and officially entered the commissioning stage.

---------------------------------------------------------
Posted by Ricky Kiat > Dec 4, 2019 12:33 AM | Report Abuse

http://www.apcc2.ceec.net.cn/art/2019/12/3/art_8427_2029661.html
越南海阳燃煤电厂工程二号机组厂用电受电一次成功

Damn, they are really proceeding fast.

EVN is also desperate for electricity for the consumers and also due to such Cheap Coal presently.

JAKS-CEEC would also want to bring it on - as they will be paid based on Capacity Charge too (based on power capacity made available) independent to consumption.

i think you guys should just relocate to Master...such high margin of PPHB (20%) is not sustainable for long...unlike Master's which was contributed by higher Sales arising from foreign subsidiary...

so Ekovest gets nothing then? Looks like Botak shaved off all hairs from our head...

crazy movement...is it because of zahid ongoing case? totally unexpected drop

Jonathan choi buying...

That's bloody fantastic news actually.

http://www.jaks.com.my/ang-lam-poah.php

Ang Lam Poah is the brother to the Director, Ang Lam Aik. Save as disclosed, he does not have any family relationship with any other Director and/or major shareholder of the Company and has no conflict of interest with the Company. He has no convictions for offence within the past five years.

Sarifah, CEO Andy Ang Lam Poah and CFO Ang Si Eeng bukan saudara ke?

powerful article - makes me feel emotional

History of Chin Peng - Koon Yew Yin
Author: Koon Yew Yin | Publish date: Mon, 2 Dec 2019

https://klse.i3investor.com/blogs/koonyewyinblog/242849.jsp

im from sitiawan too, my primary school headmaster was chin peng's brother

Ok thanks

yes the Operational costs is in VND, ok thanks.

DK66, would strengthening USD against VND benefit Jaks from the power plant BOT contract? or no difference?

https://www.xe.com/currencycharts/?from=USD&to=VND&view=5Y

i guess volatility in exchange rate also falls on cost pass-through mechanism?

TP = (CC x AC) + (EC x EO) + SC

where, Suppl. Charge (SC) =

- Exchange Difference
- Compensation
- Other services

https://koonyewyin.com/2018/03/16/jaks-why-the-share-price-is-falling/

Extract from uncle' article above - quoted below:
................................

The CEO Andy Ang:

I must say Andy Ang is an exceptionally clever and shroud business man to be able to secure the 1,200 MW power plant contract from the Vietnamese Government and completely sub-contract to the Chinese party who has the technical ability and financial capacity to complete the power plant, which is valued at about Rm 7.76 billion.

The most important consideration is that Jaks does not need to borrow money from banks to finance the project and does not need to lay a brick to construct the huge power plant. In fact, the Chinese Sub-contractor and JV partner pays Jaks Rm 454 million during the 3 years of construction. Now I understand Jaks has already received about one third of the Rm 454 million.

In my 60 years’ experience in the construction contracting industry, I have never seen such a juicy contract as Jaks’ power plant contract. As an independent power producer selling electricity to the Vietnamese Government at a profitable rate for 25 years.

Its a pity Tenaga never took the opportunity back in 2015:

JAKS wooing Tenaga for Vietnam power plant, May 13, 2015

https://www.theedgemarkets.com/article/jaks-wooing-tenaga-vietnam-power-plant

Sources say the project’s IRR is at least 15% because the power purchase agreement is on a take-or-pay basis, which requires Vietnam Electricity to pay for the power generated whether or not there is demand for it.

The agreement also has cost-pass-through mechanisms, including any volatility in fuel costs and exchange rates. JPHD will be paid in US dollars, which will increase JAKS’ exposure to foreign exchange volatility as it will have to convert the money into dong to pay its operational costs.

Excellent article for reads below...

It gives a clear idea to derive the earnings and why Jaks managed to obtain such a fantastic deal in the first place.

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


(1) Jaks Resources - Comparison with MFCB Hydro Plant

https://klse.i3investor.com/blogs/Jaks%20resources/226512.jsp


(2) Jaks Resources - An excellent joint venture deal with CPECC

https://klse.i3investor.com/blogs/Jaks%20resources/226058.jsp

eh..jangan promote status i...biar captain DK66 yang buat apa2 kesimpulan...i cuma validator...badan pengesahan fakta

ala...icon cuma guna nama saya sebagai alasan utk jual...kan harga jaks naik mendadak terlalu cepat....

i mana sifu...siput la....cuma boleh kaji benda2 yang tentang engineering...

Uncle Koon yang tahu menahu paling mendalam juga tak menafikan kenyataan power plant dalam artikel untuk kutuk Jaks ini :

JAKS: What investors must verify - Koon Yew Yin

https://klse.i3investor.com/blogs/koonyewyinblog/229240.jsp


aku langsung tak percaya tuduhan dia yang power plant akan mengambil masa seperti dia katakan tu..

Insentif untuk Koon kutuk dengan bohongan terserlah kerana dia jual dengan kerugian dulu..

Post removed.Why?

(1) present COAL price chart: - shows spectacular decline in price

https://markets.businessinsider.com/commodities/coal-price

COLUMN-Coal price slump in Asia even as demand grows shows supply is the issue: Russell, JUNE 12, 2019

https://www.reuters.com/article/column-russell-coal-asia-idUSL4N23J199

There are articles that says it will remain depressed as per above for next few years

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

(2) Knowing above and going through the below brilliant derivation from DK66, one can see JAKS could indeed be heading for a Jackpot.


Jaks Resources - Earning Forecast of Hai Duong Power Plant based on Government Data

https://klse.i3investor.com/blogs/Jaks%20resources/228009.jsp

Note DK66 used price derived from February 12, 2019 article at = VND1.74m / 23,350 = US$74.5 per tonne.

Current price is below US$45 per tonne.

Nevertheless, one should note that he had explained the above is only applicable for none BOT - local coal power producers which are not subjected to the BOT contracts.

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


What is the fear then?

http://documents.worldbank.org/curated/en/290361547820276005/pdf/133788-WP-OUO-9-Vietnam-Energy-MFD-Report-ENG-for-printing.pdf

Extract from page 33:
....................

The fundamental reason for EVN’s weak financial performance has been the failure to allow end-user electricity tariffs to keep pace with costs. Given EVN’s high level of operational efficiency, it is the relatively low level of end-user power tariffs that are largely to blame for the company’s weak financial performance. EVN’s tariffs have been frozen since 2015, and only in November 2017 increased to an average rate of US$0.076 per kilowatt-hour compared with the full cost of service, estimated at US$0.12 per kilowatt-hour in 2017.

To keep pace with planned investments, it is estimated that tariffs would need to continue to rise toward US$0.14 per kilowatt hour by the early 2020s. Moreover, the present tariff is also below the price at which EVN is expected to purchase electricity from upcoming, new (renewable and thermal) generation. Furthermore, greater reliance on costlier commercial finance and less reliance on sovereign financing through the MOF in the future is likely to increase the costs of electricity production, which will require tariffs to increase to prevent EVN’s financial position from further deteriorating.

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

(1) Now the numbers above make a lot of sense. The subsidy is about the level i calculated before on 16 Apr 2019: ~

= US$ 0.120 / kwh (full cost )- US$ 0.076 / kwh (EVN tariff)
= US$ 0.04 / kwh
=================

(2) If they EVN is forced to raise the tariff to US$ 0.14/kwh.....

that will make JAKS in a super comfortable position to reap the concession earnings.

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

With the above, guess the puzzle i had is solved now as expressed and quoted on article below by DK66:


Jaks Resources - The Matrix Behind The Vietnam PPA
Author: DK66 | Publish date: Tue, 16 Apr 2019, 10:03 AM

https://klse.i3investor.com/blogs/Jaks%20resources/202341.jsp


CONCLUSION:
-----------

SO FAR ALL THE NUMBERS ARE FALLING IN PLACE, CONSISTENT WITH EACH OTHER

ha ha DK66, thats exactly what i wanted to reply up_down earlier...


i thought of saying, DK66 never fell in love with JAKS, he was only trying to find out if there is anything on her which he can hate!

If you guys have done enough investigation to verify on the expected power plant contribution on earnings. Some even got it from the horse mouth....

should definitely ignore short term price movement (70% rise within a month definitely invites wild volatility)....who pushes up and down does not matter

as then this is truly a ticking JAK-POT bomb.

it is fundamentals that has the final say

true, the great thing about power plant is that it IMMEDIATELY starts delivering profits as soon as placed in operation.

and yes, risk of commissioning delays is also very minimal - its not that complicated (multi-variable dependent)

thanks DK66, OTB

key catalyst question is when is the power plant going to contribute economically?

for short term holders more than 6 months, current price may not be that attractive...

for long terms holders even 9 months could be very attractive.

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

may be sifu DK66 can enlighten on the above...i am sure he would have done that earlier..but for newbies a refresher would be very helpful

TQ

problem with PPHB and the like BRIGHT packaging is that their margins indicate a spike due to one off events which are not sustainable unlike MASTER PACK

problem with PPHB and the like BRIGHT packaging is that their margins indicate a spike due to one off events which are not sustainable unlike MASTER PACK

what makes difference between a 'pasar malam talk' and 'theory'...nothing except RESULTS on prediction.

Both are 'stories' only...till you have empirical data to support.

Note that 'theory' which has empirical data to support in U.S market...can be a 'pasar malam talk' in Bursa...

we must accept that

I think that is the essence connie555 is trying to convey Ricky.
..............................................................

as a logical man you should be able to grasp the point he is putting across with his limited vocab

uncle panic and open mouth already on Dayang!

https://klse.i3investor.com/blogs/koonyewyinblog/239723.jsp

u mean next qtr results collapse? No wonder..

investors are very smart nowadays....

scary...all want to trap uncle already...nobody want to buy


Posted by probability > Nov 22, 2019 5:33 PM | Report Abuse X

he wins only if you buy from him on Monday like how he bought from you before the results (being privy of results)....

uncle is great

MIDF and Public Bank TP so much different.. Lol!

tomorrow wont get this cheap

time to whack already....

management too optimistic

koon margin call on dayang

koon margin call on dayang

https://klse.i3investor.com/files/my/blog/img/bl3909_t2a.png

average raw material price drop between Q3 and Q4 could be 10%

at the moment TGUAN has barely shown 1.5% margin improvement compared to preceeding qtr

I sold MASTER PACK too early not realising how powerful margin expansion is....and for TGUAN you are coupling with revenue expansion.

worth to hold tight tight

LOL!..thanks for the humorous post connie! Cant control my laughter...

Above two postings - worth a reread.

MYEG LAUNCHES FIRST PHASE OF E-GOVT SERVICES IN PHILIPPINES WITH LANDBANK

By Digital News Asia November 21, 2019

- Strengthens position as top e-government portal in philippines
- With 12 mil users a year and growing, MD sees immense opportunity

https://www.digitalnewsasia.com/business/myeg-launches-first-phase-e-govt-services-philippines-landbank


Filipinos now have the convenience of being able to transact online through MYEG Philippines's portal with Landbank’s enrolled government agencies and merchants

MY E.G Services Bhd (MYEG) has announced that its Philippines subsidiary, MYEG Philippines, Inc. (MYEG Philippines) has commencement the first phase of its online services in partnership with Land Bank of the Philippines (Landbank) to offer e-govt services to the people of the Philippines in transacting with the government.

The service, along with its other online offerings in Philippines since 2017 helps reinforce its position as the country’s leading e-government portal. MYEG had entered into a joint venture agreement in 2017 with I-Pay Commerce Ventures Inc to take a 40% stake in MYEG Philippines for US$2 million (RM8.3 million).

The launch of the e-govt service is a realisation of a partnership between MYEG Philippines and Landbank that entails the implementation and integration of MYEG Philippines’ Electronic Payment and Collection System by Landbank. As the official depository bank of the Philippines and a fully government-owned entity, Landbank has more than 400 enrolled merchants, comprising national government agencies, local government units, as well as private enterprises.

Filipinos now have the convenience of being able to transact online through MYEG Philippines's portal with Landbank’s enrolled government agencies and merchants and pay through their preferred methods – be it electronically or physically at any of MYEG Philippines’s over 40,000 over-the-counter locations.

The commencement of the new service marks the latest offering by MYEG Philippines, complementing its other existing online services such as National Bureau of Investigation clearance and renewal and further solidifying its leading position as the preferred single window for Filipinos to not only transact hassle-free with all levels of government, but also to easily access a broad range of commercial products and services, such as insurance coverage and personal loans.

‘With 12 million users per annum and growing, the immense opportunity there means that Philippines is definitely an increasingly important market for us,’ says TS Wong (pic), Group Managing Director of MYEG.MYEG launches first phase of e-govt services in Philippines with Landbank

In its 2018 annual report, TS had highlighted that with more government services and commercial offerings in the pipeline to be progressively rolled-out, the Philippine business is achieving significant traction. The annual report shows that it made US$1.68 million (RM7 million) revenue in its 2018 financial year.

Among the initial payee agencies and merchants activated as part of the first phase of this service offered on MYEG Philippines’s online platform are:

● Philippine Charity Sweepstakes Office

● Philippine National Police

● Land Bank Master Card

● Cagayan Electric Power and Light Co. Inc

● City Government of Davao

● Leyte Metropolitan Water District

● University of the Philippines – Los Banos

● United Coconut Planters Life Assurance Corp. – Cocolife

MYEG expects more payee agencies and merchants to be onboarded progressively in subsequent phases of the ongoing implementation of the service.

The future of all government services is via e-government, not only Malaysia...everywhere, Indonesia, Philippines..

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

KKMM to expand Kembara Digital Malaysia programme
Saturday, 23 Nov 2019 07:47 PM MYT


https://www.malaymail.com/news/malaysia/2019/11/23/kkmm-to-expand-kembara-digital-malaysia-programme/1812709


KUALA PILAH, Nov 23 — The Kembara Digital Malaysia (KDM) Programme, which is the platform of the Ministry of Communications and Multimedia (KKMM) Malaysia and government departments and agencies to help the people in facing numerous digital era challenges, is to be expanded nationwide, next year.

“ In the myriad of e-Government initiatives such as MyEG, e-service, e-filing and others which facilitated the people, it was hoped that the people would also take the opportunities to benefit through its use,” he said.

Dont they need to get shareholder approval for such major decisions

look at GCB.....THONG GUAN have same potential rise

you have no second level thinking...he is using his own name...and the same name in i3 on each of his postings....you think he does not want to prove to i3 that it performs well?

he is investing on his integrity unlike you Jon...you have proven you have none..just a tin kosong



Posted by Choivo Capital > Nov 23, 2019 3:30 PM | Report Abuse

Newman, the article was written before the price came up. He just shared it with his insiders only, which help some part in shooting the price up.

Now its the part where you catch the fish.

The question here is, do you want to ride the tiger?