Extracted from AR 2018 :
The current ongoing mixed development project at Section 13, Petaling Jaya known as Pacific Star achieved sales to-date of RM951 million (2017 : RM915 million), being 86% of the total gross domestic value (“GDV”) of approximately RM1.1 billion. The GDV and sales to-date included the Pacific Star Business Hub (“Business Hub”) which was sold to another subsidiary within the Group. The Pacific Star project is expected to complete by end- 2019 and the Group will take a step back from the property development sector for the time being in view of the current property market landscape. As at the end of March 2019, the Group has unbilled sales of RM203 million from its property development projects, giving the Group earnings visibility for the coming years.
The Business Hub at Pacific Star which is a four-storey retail and commercial centre, is expected to be completed in the second half of 2019 and will be operational before the year end. this commercial centre will serve the residents and offices from the surrounding established neighbourhood.


" Now Star and other buyers are demanding compensation for late completion under the Housing Ordinance. This will drag on for a long time until the project is completed. Even when Star Media project is completed, Jaks will have great difficulties to sell all the properties. "

DK. Is it Uncle experience not up to date?

"Jaks also has a coal power plant contract to generate electricity to sell to the Vietnamese Government. Jaks has sold 70% of the contract to a Chinese Company for Rm 440 million which is to be paid during the power plant construction. Jaks is now reporting profit from this Rm 440 million which has attracted so many investors. From my experience in power plant construction, even after the power plant construction is completed, it will take more than 1 years to test run the huge muti- billion $ system. "


Posted by DK66 > Oct 10, 2019 5:53 PM | Report Abuse

https://baijiahao.baidu.com/s?id=1636755112157630248&wfr=spider&am...

越南永新燃煤电厂一期BOT项目2号机组自投产以来，一直维持高负荷连续运行，发电量共计28.27亿度，负荷率为98.17%，等效可利用系数99.78%，各项指标优良。2号机组高负荷连续运行

Vinh Tan 1 power plant continuous high load for 200 days since commercial operation. No time lag after CO

You can refer to the interest expense 30 million in cash flow statement of AR 2018. Interest expenses capitalised in investment property in note 26. Finance Costs.

Posted by DK66 > Oct 10, 2019 7:30 PM | Report Abuse

Let me clarify, capitalized interest payments will not show up in the cash flow statement but added to the property development assets.

-----------------------------
Up_down An accountant can never hide interest payments as shown in the Cash Flow statement.

'Investors cannot see the amount of payment for interest charges for bank loan for the construction of the Star Media land because according to accounting rules, payment of interest can be capitalized.'
10/10/2019 7:23 PM

An accountant can never hide interest payments as shown in the Cash Flow statement.

'Investors cannot see the amount of payment for interest charges for bank loan for the construction of the Star Media land because according to accounting rules, payment of interest can be capitalized.'

My interpretation is not to drink too much XO as I did before. Who got so much XO to drink here? lolz


'My intention in writing this piece is to advise investors not to repeat the same mistake as I did before. I bought Jaks in anticipation of its future profit from its electricity power generation in Vietnam.'

I am quite surprised that Uncle is so interested in knowing the details of the accounts. It doesn't seem like him as a businessman in the share market.

Goodwill RM 148 million was actually existed even before 2013.


According to its 2nd quarter accounts, it reported the following which investors must verify:

1, Rm 148 million for good will. Who has taken this money?

2, Rm 642 million in investment properties.

3, Rm 280 million in Joint Venture

4, Rm 318 million long term long.

5, Rm 82 million current bank loan.

6, Rm 935 million trade and other payable.

7, Rm 82 million cash at the beginning of the period and Rm30 million end of the period.

How the share price can go up nicely if no strong operators get involved? This is the reality in share market and got nothing to hide.

Thanks for your info. I am quite sure some China funds are standing behind controlling Jaks. Kyy got no choice and had to let go his stakes last time. I am expecting Jaks to trade max 90 cents today and breaking RM 1 by end of the month. I did not expect such number of crowd is attracted... It seems there are too many contra players get involved.

Posted by Ooi Teik Bee > Oct 10, 2019 6:09 PM | Report Abuse

Posted by Up_down > Oct 10, 2019 5:58 PM | Report Abuse

Jaks is too wild today. With such huge volume...No eye see next week.

I was told China firm was interested to buy a block of Jaks shares a year ago, my VIP client expected the share price of Jaks will skyrocket up into the sky. However, it did not happen at the time.

The present up surge may imply someone is interested to buy a block of Jaks shares. I do not know, I just speculate only. The volume is very high now to make me to recall the event.

This information is what I heard a year ago.

Thank you.
Ooi

Jaks is too wild today. With such huge volume...No eye see next week.

Share price remains trending upward. Go Go Go!

Volume close to 80 million in a day. @-@

They are fast and furious. Tak Boleh cari makan if it marchs so slow. See what would happen by this month la.

TP RM 1 by year end? You must be kidding. Look down on OTB summons.

Making money is just like a piece of cake to you. You are well respected in the market cause you are able to resist your single VVVIP client pressures and protecting interests of other smaller clients.

Posted by Ooi Teik Bee > Oct 9, 2019 2:21 PM | Report Abuse

Posted by Up_down > Oct 9, 2019 12:04 PM | Report Abuse

There's a lot different between the price RM 1.4 promoted by Uncle comparing with nowadays. His advisor didn't dare to take so much risks in his reputation and rice bowl. It's simply mismatching of risks and rewards.

Ans :
You are very good. It is risk against reward.
I do not assume, I want facts and figures to get convinced.
I treasure more on my reputation than rice bowl.
I bought 500k of Jaks at 0.50 before Mr Koon bought it.
I sold at 1.00 for 100% gain.

Now the price is less than 1.00.
The risk now is very low.
Moreover, the price is very low now compared against 1.40.
Thank you.
Ooi

There's a lot different between the price RM 1.4 promoted by Uncle comparing with nowadays. His advisor didn't dare to take so much risks in his reputation and rice bowl. It's simply mismatching of risks and rewards.

Hard to say. This is the biggest black mark in his investment history. It could be an opportunity for him to take revenge on Jaks to recover part of his reputation. The scale would certainly smaller than previous attack.

This could be the best timing to invest in Jaks since the price is much lower comparing with last year. Progress of power plant is ahead of schedule. High demand of electricity in Northern Vietnam since the trade war erupted. It is a High gain and Low risks given limited options available for investing high growth shares in KLSE. No time to wait until everything is settled down.

Funds Managers are also exhausted in looking for high growth companies in KLSE. It's simply very limited available nowadays. They would join the boat soon.

This type of same positive and negative information can be recycled for more than 10 times for Jaks in a year. Old birds would certainly ignore it...so who else would take such recycling stories seriously?

There’s no right or wrong. It’s just people have their own way of cari makan in stock market.

Short term traders like that la...after I buy, I would post positive information until I sell. After I sell, I would dish out negative information until I buy again. The cycle repeat and recycling of information.

Redtone is supported by OTB. Huat liao. I thought he only focus in low PER growth companies.

We will hear the same voice again again after the the share price break RM 1.

Add more since Jaks will report construction profits at least in next 4 quarters. It may follow the path of MFCB whereby share price trending upward while reporting more construction profit.

Price is still trending upward regardless of small number of voices. Waiting patiently.

With such future prospects, Redstone would attract more dream chasers. Sky is the limit.

No easy life in stock market especially KLSE. The up and down cycle in a short period is really shaking our heads.

The tricky part is how to maintain our confident while keep cutting lost.. It is, in fact, life torturing during the process and may have to endure it for years.

Practice of cutting loss until you don't have much feeling in loosing money.

Posted by Moore > Oct 3, 2019 7:03 PM | Report Abuse

Guys can share some proven trading strategies I can learn?

But I hardly see kyy come back to goreng the same counter twice. lolz

Nothing is certain in the market for short and mid term. Don't be too confident in your word.

Posted by stockraider > Oct 3, 2019 7:10 PM | Report Abuse

Yes don have to act smart but better don be another sohai loh...!!

Sometimes, we don't have to act smart in stock market. Stock market is an irrational place for people playing game...follow the trend will do. lolz

Posted by stockraider > Oct 3, 2019 7:02 PM | Report Abuse

just don be another sohai loh...!!

kyy lost 60 million in Jaks. Pengoreng have earned so much money in such a short time. They will come back one.

Posted by stockraider > Oct 3, 2019 6:50 PM | Report Abuse

No counting chicken b4 it hatch loh...!!

The power plant not producing any power n still under development loh...!!

Better to buy insas.....its chicken already hatch & inari already moving up loh....!!

Too much risk & uncertainty for jaks power plant mah...!!

There is no such 'shameful' or 'shame' words in politicians' dictionary. It's only INTEREST in their mind. He has to learn more from Dr M on how to thicken his face skin.

FF is running out of KLSE like no tomorrow. They can invest elsewhere in more competitive market such as SGX banking shares. Not much hope for this blue chip. Headwinds cycle is now staging in KLSE finance counters.

RainT. No exciting now but it's OK since the prices have been staying ut quite low in comparing with peers. Expecting YSPSAH to deliver better QR in next few quarters after taking into account contributions from expansion.

Diam diam beli sampai hot hot baru jual.

Business expansion is supported by new aerospace segment from the orders given by UACE. Good future prospects.

Goods news for new project. Go go go!

Vietnamese government is restricted borrowing in USD to reduce dollarization recently. Not sure if there is any effect to Hai Duong plant loans.

Vietnam central bank clamps down on foreign currency borrowing for imports
https://e.vnexpress.net/news/business/economy/vietnam-central-bank-clamps-down-on-foreign-currency-borrowing-for-imports-3989739.html

The US$1.4b borrowing is in US$ and is financed by 3 chinese banks.
Posted by DK66 > Oct 3, 2019 9:43 AM | Report Abuse

The US$1.4b borrowing is in US$ and is financed by 3 chinese banks.

DK66. Finance cost is rather high in Vietnam. Average interest rate 9% is more suitable in reflecting current prevailing market rate.

No catalyst yet but it's still a good bargain at this price level.

Add more and patiently wait for the next QR announcement.

Momentum is backed after flushing out weak holders. Go go go!

It’s going to be another bear year for KLSE if he doesn’t pass the power as promised by May 2020. FF don’t like invest in a political uncertainty country.

How to expect leaders from other countries to respect a twist and turn person of a small country? They respect LKY who is really devoted he himself wholeheartedly for the interest of the country.

CPECC is really doing the job according to schedule. This is a goreng counter...don't play play. Follow the facts rather than our egoism. Buy some to keep first.

Raw material consumption represents about 46% of Turnover in year 2018. There's a big portion consisted of plastic packaging material. Spritzer has its own production lines to produce plastic bottles. Therefore, gross margin is expected to improve from enjoying reduction of resin prices.

Maintaining uptrend mode at reasonable price. Go go go!

PSP business prospects seems good in future but TP 10 is slightly ludicrous. Anyway, buy some for testing.