The sources from Vietnam, the unit 1 of Hai Duong is expected to put into operation by March 2020. The unit 2 is completed about 95%. All the Chinese Engineer still working during CNY to prepare the test run on the plant.

http://tinhuyhaiduong.vn/news/Pages/new.aspx?ItemID=1749

越南海阳2台600兆瓦燃煤电站工程是中国能建以BOT模式在境外实施的最大火电项目，投建运一体化，充分发挥了中国能建的全产业链优势，用“能建智慧”，为缓解越南用电紧张局面作出了贡献。
　　过去的一年，我和各参建单位的同事们一道，攻坚克难、忘我工作。锅炉水压、厂用带电、汽机扣缸、锅炉酸洗等重要节点工序一次成功，并顺利实现了锅炉点火吹管的里程碑进度目标。
　　工作会报告中指出，要更加聚焦做强做优，更加聚焦高质量发展。越南是“一带一路”沿线重要国家，把海阳项目建设成为“能建智造”的精品项目、中马越合作的示范项目，对提升中国能建国际合作水平，提升国际竞争力，具有重要作用。
　　2020年是越南海阳项目实现“双机投产”的“全力冲刺年”，是由基建期进入运营期的“提速换档年”，既要保投产发电、保稳定运行，又要保营业收入、保投资收益。我将把工作会议的精神带回项目现场，统一思想，凝聚力量，扎实做好各项工作，确保海阳项目全年各项目标务期必成、务期必胜。

General Manager of Hai Duong Power Plant reports the status of the plant to HQ. The project seems running extremely well.

http://www.ceec.net.cn/art/2020/1/19/art_48314_2056828.html

Hai Duong Power Plant starts to recruit staff :-

https://www.vietnamworks.com/jobs-at-cong-ty-tnhh-dien-luc-jaks-hai-duong-e5450559-en

Ricky Kiat, DK66
You are welcome

Article related to China Vinh Tan 1 Power Plant in relation to first year anniversary of commercial operation for Unit 1 & Unit 2.

http://www.cnr.cn/gd/gdkx/20191206/t20191206_524886717.shtml

The following are some highlights from the article :-

1) In the first contract year, the two units of the project continued to maintain safe, stable, and high-load operation. The unit load rate reached 95.80%, the cumulative power generation was 8.686 billion kWh, the cumulative power sales were 8.194 billion kWh, and the annual utilization hours were 7,238 hours. The available hours specified in the power purchase agreement were completed 17 days in advance.

2) Since the project started construction, on the premise of ensuring safety and quality, Unit 1 was put into commercial operation on July 6, 2018, and Unit 2 was put into commercial operation on November 27, 2018. The actual total construction period was ahead of the requirements of the BOT contract for more than 200 days, at least 300 days ahead of the same type of power plants in Vietnam, creating the best record for the construction speed of similar types of units in Vietnam.

3) Since the project was put into commercial operation, the load rates of the units have all exceeded 95%, and Unit 2 has achieved a record of 274 days of continuous high-load operation from the start of production. This level is leading even in China.

According to the sources from Vietnam, Hai Duong Power Plant is overall 80% completed with 95% completion for Unit 1.

http://m.icon.com.vn/vi-VN/c580/157248/Cu-hich-voi-du-an-BOT-nganh-dien.aspx

The following is translation from the article related to Hai Duong Power Plant :-

Meanwhile, quite positive information from BOT Hai Duong Thermal Power, invested by Jaks Resources Berhad (Malaysia) and China Power Engineering Consulting Group (CPECC), is until Now, 80% of the work has been carried out. In particular, Unit 1 has installed 95% of equipment, is installing auxiliary equipment and starting to test run.

According to the plan, BOT Hai Duong Thermal Power could start testing at the end of the first quarter of next year and operate commercially and connect to the national grid around June 2020.

This is not all, but obviously, these are praiseworthy moves for BOT power projects, after many years of being behind schedule.

Collin Soo 你说得没错，那是一些邪派公司用的手法。但是MI应该不是这类型的公司。

用逻辑想一想，如果MI的成绩不理想，它为什么要宣布红股呢？由此推论，我猜想它的第三季成绩应该是不错的。

If the coming quarterly results no good, why the company declares bonus issue ?

Refer to the link below for the agreement of Pacific Star between Jaks and The Star:-

http://ir.chartnexus.com/thestar/website_HTML/attachments/attachment_15512_1313750418.pdf

1) The cost of land ($134 mil) shall be satisfied with the completion of Tower A. As long as Jaks can eventually complete the project (already completed as claimed by Jaks), Jaks no need to bear the land cost.

2) As the projects delayed and not completed within the stipulated period, interest of 8% per annum would be charged (4.1.1 ii) a). However, as per 4.1.3 a) & b), whether interest charges can consider already covered by Bank Guarantee of RM50mil?

why this trulyinvest change his name to optimumprime88?

According to Jaks's Management guidance, the IRR for Hai Duong is about 12%. This means the power plant will generate profits about 902mil/year (7.52bil x 12%) or 8.3 years pay off period. I think the IRR 12% is the lower side, as the Management normally will not project too high for prudence concept purpose.

The source is from the link below:-

https://www.thestar.com.my/business/business-news/2016/03/29/jaks-eyes-irr-of-12-for-rm7bil-vietnam-plant/

The No. 2 unit of the first phase BOT project of Vinh Tan Coal-fired Power Plant successfully completed 100 days of continuous safe operation after commissioning.

It is understood that the No. 2 unit of Vinh Tan Project has been running continuously under high load since it was put into operation on November 27, 2018. As of March 5, 2019, the total power generation was 1.358 billion kWh and the load rate was 95.38%. Created a new record of safe operation since the project was put into production.

The above is the translation for the link below :-

http://chinapower.com.cn/dwzhxw/20190312/1269010.html

CEEC is the main contractor for Vinh Tan 1. This project is 6 months ahead of the projected schedule. CEEC is also an investor and contractor for Hai Duong Coal Power Plant. With such proven achievement and efficiency for Vinh Tan 1, there is no doubt that Hai Duong will be completed according or ahead than the schedule, and performing satisfactory after commissioning.

In 2017 Annual Report - Management discussion and analysis, there is a statement regarding the dividend policy appeared for the first time in the AR as below :-

"The Board will have a dividend policy nearer the completion of WCE Project when future operating cash flows can be more clearly determined."

Hopefully, with the high projected traffic volume, this company will become blue chip company soon. With the clearer dividend policy with the commencement of WCE project operations by stages up to Aug'2019 fully completed, I believe nearer to completion of WCE project, the share price of WCE will be gradually increased as well.

The Vietnam power plant is progressing very well, the news from China Energy Engineering Corporation about this plant in Chinese :-

中国能建中电工程控股投资的越南海阳项目#2-1锅炉基础大体积混凝土浇筑完成

　　当地时间9月15日，中国能建中电工程控股投资、中国能建中电工程西南院与国际公司联合总承包的越南海阳2×60万千瓦燃煤电厂工程#2-1锅炉基础顺利完成混凝土浇筑。这是9月份海阳项目完成的第二台锅炉基础的浇筑，也是本工程的第三台锅炉基础（共计4台）。本次浇筑从12日17点47分开始计时，历经61小时30分钟连续作业，浇筑混凝土方量约7117立方米。
　　结合前期已经浇筑完成的两台锅炉基础的质量经验及安全防护措施经验，本期浇筑的#2-1锅炉基础改进组织措施，入模温度得到了更好控制，浇筑作业工作衔接更加紧密。现场施工结合质量月“提升质量管理，推进品牌建设”的活动主题，总承包方严控施工交底、浇筑工序、安全保障措施各个环节。浇筑过程中项目部相关人员实行24小时的换班值守，第一时间掌握现场情况，确保了筑实体质量和现场安全。
　　按照项目网络进度计划，#2-1锅炉基础浇筑完成，有力地促进了海阳项目#2机组建设顺利开展，标志着海阳项目现场进度正向着有序、可控的方向顺利推进。

http://www.ceec.net.cn/art/2017/9/20/art_11019_1475067.html

Bukit Bintang City Centre is about 19.4 acres with gross development value of RM8.7 billion, this KL River City is much more bigger in size, as mentioned in Ekovest website, 'over 320 acres of river fronting land', look forward for the details announcement.

this is another version of mini Bandar Malaysia? In fact this project is in the heart of KL, Bandar Malaysia is at the border of KL.

This is some introduction of the project from Ekovest's website. Apparently, Ekovest is the detailed planner, this project is near to its existing projects and highways(duke 1 & 2).

"Stretching 3 kilometers along the Gombak River in the heart of Kuala Lumpur as well as being just right next to DUKE and DUKE 2 expressways, KL River City opens up a whole new environment unlike anything before it for business, leisure, shopping, living, hospitality, wellness and more. Dubbed the River of Life, over 320 acres of river fronting land will be transformed in one of Klang Valley's most ambitious urban rejuvenation projects. With the river revitalized to match some of the world's infamous landmarks such as Australia's Yarra River and America's San Antonio River Walk, KL River City will be a stunning River Corridor comprising EkoGateway, EkoPark Place, EkoAvenue, EkoTitiwangsa and EkoQuay, just to name a few of the exciting phases in the overall development."

Duke 2 is 7 months ahead of the schedule, according to MD KC Lim. From this statement, we know the Management is very capable and efficient, therefore the company future is very bright.

Now Ekovest has two highways in operations (Duke 1&2) which will generate huge cash flow for the company, meanwhile Duke 3 under construction, and already started to contribute to Ekovest Construction Division. Duke 2A under negotiation stage, and the outcome will be released at any time soon. Company likes Ekovest not easy to find now in Bursa,

MYEG negative sentiment will recover next week !

The amount of RM1.25 mil is negligible, I think at first the market just worried the amount is big as the business is not directly relevant to the existing business. Now, since the amount is small, we can treat this as new business opportunity for MYEG.

Follow Buffettlogy, if you like a stock, you would be happy if the price drop, because you can buy at cheap price especially during panic selling! For long term, the share price will be normalised to reflect its fundamental. Therefore, if really panic selling tomorrow, I will buy more, no need to worry about the fluctuation. At the end, everything will back to fundamental.

Actually IW City without fundamental, investor buy the stock purely the merger news. Ekovest is different, Ekovest is fundamentally sound, in fact at current price with the prospect earnings from the construction, property, and toll business, the current share price is considered very attractive.

I remembered when IW City announced the merger, share price of Ekovest only up a bit i.e from 1.40 to 1.52, later dropped back and hovered around 1.35-1.45 for the past few weeks. In fact with IW City, many investors focus on IW City and neglect Ekovest, now is the time to refocus this share and buy back. Financially, IW City and Ekovest is not related at all, any panic sell will be good opportunity to buy.

Both Gkent and Ekovest are good but I still feel Ekovest is much more better than Gkent. Ekovest business is more diversified ie toll, construction and property development, especially for toll operations which will generate steady cash flow for many years. Gkent is purely construction company which its revenue and profits are subject to fluctuation.

strategisst, thanks for your answer. I also think that way.

OCK no doubt is a good company, but can somebody explain why its trade receivable is exceptional high, as at 31/12/16, the trade receivable stood at 285mil, increase from 175mil last year. This translates to debtor turnover of 8.4 months and 6.6 months respectively as at 31st december 2016 and 2015.

The trade receivable is increasing every year, this will affect its cash flow. I will only decide to invest in OCK if the above question can get reasonable answer.