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2019-05-01 12:42 | Report Abuse
Or in other word Interest income dah u recognised in ur PAT calculations at 60% and 90% ke belum?
2019-05-01 12:40 | Report Abuse
DK66
U punya... Tariff Payment Excluding Coal Cost (USD’m)... in ur table is GROSS tariff before netting capacity tariff or NET of capacity tariff??
2019-05-01 09:31 | Report Abuse
Yg updated ni so much better
Punch line clearly stated
Kenanga low US120m worst case scenario
This earnings projection is also in line with Kenanga Research's earnings forecast of US$120m for Jaks Hai Duong Power Plant.
2019-04-30 21:24 | Report Abuse
Bila Sarifah nampak Great Eastern Life Assurance tadi Sarifah tertanya tanya.. ada ka Great Eastern Life Assurance subscribe at 0.25?
Klau ya Great Eastern mesti know something which is not obvious yet?
2019-04-30 20:24 | Report Abuse
Don't worry x lama lg u kan have that kind of money custody Jaks
2019-04-30 19:30 | Report Abuse
Koon out
Some desirable long term funds in
2019-04-30 19:21 | Report Abuse
DK66
Ni u ke??
29. Dennis Koh Seng Huat 3,900,000 0.667
2019-04-30 08:34 | Report Abuse
Ramai jz look at "punch line" ni...
2019-04-30 08:33 | Report Abuse
Anyway apa PAT klau future potential when capacity is ramped up to 90%.. can jz show PAT tu here?
2019-04-30 08:28 | Report Abuse
Not all in and net all?
2019-04-30 08:25 | Report Abuse
Assuming a constant US$258m capacity payment for 25 years, the IRR will be around 12.5% which is in line with the projection by Jaks’ management
Earnings based solely on the capacity payment;
Earnings = Capacity Payment – Loan receivable repayment – Interest Expense
= US$258m – US$67m – US$1,287m x 6% (Est)
= US$114m
This earnings projection is also in line with Kenanga Research's earnings forecast of US$120m for Jaks Hai Duong Power Plant
DK66
Can elaborate yg ni?
Kenanga punya not net all?
2019-04-30 08:21 | Report Abuse
Interest income x dari PPA tapi produk of accounting
2019-04-30 08:19 | Report Abuse
Suppose 67m is x fixed tapi kan bigger over time
2019-04-30 08:11 | Report Abuse
USD 67,000,000 × 25 = USD 1,675,000,000
2019-04-27 18:08 | Report Abuse
Syabas!!
Sarifah cannot wait for ur next article
2019-04-27 17:50 | Report Abuse
Tq to Sslee too for the hard work to comb thru MD2 dll lagi for issues and managed to find one
Act of God
2019-04-27 17:46 | Report Abuse
DK66
Tq answer exceeds expectation
HFO berperanan spark plug
2019-04-27 09:02 | Report Abuse
DK66
Tumpang tanya
Why coal power plant has oil fired power plant feature in particular knp boleh guna HFO juga?
2019-04-26 08:13 | Report Abuse
projected by Kenanga USD120 million net of tax per year for 25 year.
Yg ni is way too low d
Yg ni payback is 15.6 far far from the promised 8
2019-04-26 08:08 | Report Abuse
Sarifah tetap berjiwa IPP tetap unapologetic angkuh dan liar
2019-04-26 08:07 | Report Abuse
Electric shortage in Vietnam is imagined?
2019-04-26 08:04 | Report Abuse
Odd is not overwhelming not even low tapi mana tahu malang x berbau
2019-04-26 08:01 | Report Abuse
Of course those yg mcm Chicken Little yg scare the sky fall down can bail out from Jaks now
Kena bail from MFCB too
2019-04-26 07:43 | Report Abuse
Hydro is not spared from Act of God
Dry spell
Even off la mcm ni coal dan hydro
We r good
When hydro low coal increase
CHANDIGARH: Ample monsoon rainfall has helped boost hydro power generation, which in the April-June quarter had dropped 11.5% from a year ago.
After two consecutive drought years, hydroelectric generation in the country had plummeted 17.5% in April and 16% in May from the year-ago months. However, sufficient rainfall towards the end of June replenished reservoirs and helped narrow the hydroelectric powergeneration gap to almost 2% less than the level last year in June.
2019-04-25 18:57 | Report Abuse
Possibly with other compensation too
Cannot to shut down upto gomen Vietnam wimp and fancy
2019-04-25 17:20 | Report Abuse
Ok so this is a risk for sekelian to jaga jaga
So sslee kena tunggu demand over stripping supply by a big margin baru beli
Fair enough
SarifahSelinder O... then kena fall back on electricity shortage...
DK66 Yes, I think so
-----------------------
SarifahSelinder Is it the same for Jaks IPP?
However, when it is operating at less than 60% capacity, it has to use HFO as a mix fuel in production.
25/04/2019 4:41 PM
25/04/2019 4:43 PM
25/04/2019 4:46 PM
2019-04-25 17:01 | Report Abuse
Jelas kelihatan yesterday was a good day for u
High spirit belul
2019-04-25 16:48 | Report Abuse
U ni trader
Quite mainstream
Ada ramai yg trade Jaks jugak
qqq3 20% portfolio
25/04/2019 4:45 PM
2019-04-25 16:46 | Report Abuse
O... then kena fall back on electricity shortage...
DK66 Yes, I think so
-----------------------
SarifahSelinder Is it the same for Jaks IPP?
However, when it is operating at less than 60% capacity, it has to use HFO as a mix fuel in production.
25/04/2019 4:41 PM
25/04/2019 4:43 PM
2019-04-25 16:44 | Report Abuse
Auditor (r) qqq3 hw big u invest into Armada?
2019-04-25 16:41 | Report Abuse
Is it the same for Jaks IPP?
However, when it is operating at less than 60% capacity, it has to use HFO as a mix fuel in production.
2019-04-25 16:14 | Report Abuse
Dear sslee
To address u punya ONLY negative even clearer
All IPP in Vietnam is heavily subsidied by gomen Vietnam maybe even hydro
AES Corporation's Moun Dong 2 using HFO is the most expensive and so is the one most subsidied and so is the first one to shut down by gomen Vietnam
Jaks IPP very very unlikely has to b shut down due to the same reason due shutting down Moun Dong 2 dah cukup to cut the over capacity
Most expensive HFO then coal then hydro
Faham?
Skrg ni last and only negative u cleared u patut buy some Jaks or forever hold ur peace
Or bye bye
Sslee Dear Sarifah,
The only negative is profit is base on net power output. If merit is given to Hydro power and coal power plant capacity limited to 50% then for that year your profit also will be only 50% instead as projected by Kenanga USD120 million net of tax per year for 25 year.
Thank you
25/04/2019 9:07 AM
2019-04-25 10:51 | Report Abuse
Dear sslee
U punya arch enemy auditor (r) qqq3 faham
U boleh faham tak?
2019-04-25 10:25 | Report Abuse
Sslee
Why priority or u punya so called merit is given to hydro?
It is because it is the cheapest
Shut down Mong Duong 2 sbb it is the most expensive
EVN Vietnam pandai u pandai ka boleh faham ka?
2019-04-25 10:22 | Report Abuse
Adoi sslee
DK66 x lagi on talking term with u
2019-04-25 09:59 | Report Abuse
Sslee u punya standard is getting lower and lower
Lihat la what negative person thong has turned u into better sell insas buy some Jaks to get some positive energy
2019-04-25 09:53 | Report Abuse
Dear sslee
Klau ada over capacity in the national grid misalan pd musim hujan Mong Doung 2 being the one with the highest cost will b shut down first
Most expensive.
1. HFO
2. Coal
3. Hydro
In any case kan EVN dah report kan ada shortage of electricity in Vietnam?
Semua ni u x baca ke??
Sslee Dear Sarifah,
The only negative is profit is base on net power output. If merit is given to Hydro power and coal power plant capacity limited to 50% then for that year your profit also will be only 50% instead as projected by Kenanga USD120 million net of tax per year for 25 year.
Thank you
25/04/2019 9:07 AM
2019-04-25 09:12 | Report Abuse
Sopan sikit
Biasa nya yg dah lama mati pucuk yg byk mulut
Guna cakap je
Hai perangai kaki gulungan non performing
2019-04-25 08:13 | Report Abuse
Dear Sslee
Sarifah appreciate u write to kenanga for Sarifah
So come let cuba try to tackle u punya concerns one by one
Firstly problem u is u put all ur questions in negative light
Secondly u spent long on these u must hv u punya own thinking u mesti say them out
Anyway let's cuba try...
Sslee Dear DK66,
Refer AES Balance Sheet: 2018
Service concession assets, net of accumulated amortization of $0 and $206, respectively $0 (2018) $1,360 (2017)
This was transfer as Loan receivable in 2018
Loan receivable $ 1,423 (2018) $0 (2017)
So what different between service concession assets” (2017), classified as “Loan receivable” (2018)?
SO WHAT DO THINK?
WHY DO U THINK YG NI IS A NEGATIVE ?
What different between capacity payment and interest income?
In AES case what is AES Muong Duong revenue and Interest income refer to?
Are you saying AES Muong Duong should receive revenue + interest income + capacity payment?
TELL WHY IS THISBA NEGATIVE?
WHAT MAKE U THINK ALL IPP IS STRUCTURED THE SAME?
The other question also ada answers
U reply the above first
2019-04-24 17:37 | Report Abuse
Sopan sikit
Biasa nya yg dah lama mati pucuk yg byk mulut
Guna cakap je
Hai perangai kaki gulungan non performing
2019-04-24 16:02 | Report Abuse
PP yg dipainted black tu mesti byk laku
Funds yg nak sgt tapi x dpt PP skrg ni beli kat open market
2019-04-24 13:57 | Report Abuse
Sarifah tetap berjiwa IPP tetap unapologetic angkuh dan liar
2019-04-24 13:56 | Report Abuse
Power generation is a big big players game
Small little Jaks bertuah dpt to take a ride on the shoulder of a giant
2019-04-24 13:44 | Report Abuse
Actually CPEEC pun x kurang hebat nya
CPEEC ada thermal hydro even nuclear power plants in all of Asia
2019-04-24 13:29 | Report Abuse
Klau x percaya taksiran CPEEC percaya la taksiran AES
2019-04-24 13:25 | Report Abuse
The AES Corporation (NYSE: AES) is a Fortune 500 global power company. We provide affordable, sustainable energy to 15 countries through our diverse portfolio of distribution businesses as well as thermal and renewable generation facilities. Our workforce is committed to operational excellence and meeting the world’s changing power needs. Our 2017 revenues were $11 billion and we own and manage $33 billion in total assets.
We are dedicated to improving the lives of our customers by leveraging our energy solutions that encompass a broad range of technologies and fuel types, including coal, diesel, gas, oil, pet coke and renewables. Our people share a passion to help meet the world’s current and increasing energy needs, while providing communities and countries the opportunity for economic growth due to the availability of reliable, affordable electric power.
2019-04-24 12:28 | Report Abuse
Betul 2015 2016 not even ready
Think AES Corporation is even providing financing for MD2
x guna bank or financing through AES than baru AES to MD2
2019-04-24 12:25 | Report Abuse
Dear sslee
Tq for writing to kenanga
Using u punya favourite Mong Duong 2
Reason yg satu ni je dah cukup to buy Jaks
HFO is 4x more expensive than coal yet it was a go for AES Corporation which owns 51% of AES-VCM Mong Duong power plant (Mong Duong 2)
DK66 Just to clear doubts, HFO is about 4 times more expensive than Coal in term of heating value.
21/04/2019 5:34 PM
Yg senang jgn dirumitkan
Jgn la only see the dark...
Blog: Jaks Resources – Peer Comparison With Mong Duong II
2019-05-01 13:45 | Report Abuse
Ok tq
DK66 All inclusive except Coal cost