The world will need to embrace high silicon price if china and europe do way with coal power plant.

Not many countries have hydropower like Sarawak.

China and Europe now faced power shortages, will be worsen into winters.

Silicon will be in shortages and no easy solution to this.

Genetec is low tech cnc operator. PMB Tech is silicon plant, not every Tom, Dick, and Harry can do one. To construct a plant needs about 2 years and must secure sufficient and low electricity rate. In Msia, only Sarawak with bakun dam can satisfy this requirement.

CEEC already paid deposits and initial agreement signed for Song Hau 2 Project. It is considered new project?

Likely Song Hau 2 will be the last one. No one can blame China for the coal project where agreement already signed, only new one where no money spent should not start.

Just my view only. Share price already plunged... Hopefully company can clarify this

If business contract already signed and money already spent, it should be considered an existing and continued. Only new projects that have not started anything yet should be considered as new.
This is a general principle and should be applied to all countries. Otherwise who want to do business with you in future...

Company no money( maybe have hard time to pay staff salary) still wants to rush to tender big project like LSS4 project by fund rising again, making NOSH now over 2 billion + warrant a b c = over 3 billion. All projects are bleeding still think big?

Really cannot understand the logic. Can't they wait for dividends from JHPP first or when the company have better cash flow first then only think of big project. A responsible mgt should do this way.

Haha, perhaps Sslee can be a better CEO.

ALP rushed to tender the LSS4 project at low rate is a bad move. Checked with a friend that is doing solar project, the tender rate by Jaks, Ranhill are too low to be profitable at current solar panel price which has increased by over 30%.

Jaks at best is still goreng stock. Guess ALP is also not so kind to investors of private placements who hope to make quick money also stuck. Those investors who have no holding powers also koyak.

Two of the Investment criteria
Good Management = fail
Good growth prospect = so so. Only Vietnam power plant is making money

Dislike
Endless fund rising which is dillutive. The recent fund rising for LSS4 is a joke for a solar project that is likely not making any money.

Currently, Ann Joo, Eastern Steel, Masteel exported a lot to China due to great demand there. You check with those worked in steel companies you will know lah. Must do homework before investing

Msian steel companies also exported steel to US currently, though quantities are small. Can become big if demand increases.

2 billion in earnings per quarter should last for another 1 or 2 years, bringing earnings to around 15 billion+. at a valuation of 24 billion...

Possible to achieve RM 2 billion every quarter for next 1 or 2 years? Sounds too good to be true.

Other than the above, everything in the article sounds good.

Having said that, harta is a good value buy

Thank you for the article.

Not only TG has forced labour issue. Harta also has in one way or another but it was not picked up by CPB only. TG being the biggest,kena hit loh. Kossan also has similar issue.

Only Supermax we have not seen any news on reimbursement of recruitment fees.



https://www.thestar.com.my/business/business-news/2020/08/10/hartalega-to-reimburse-rm40mil-in-recruitment-fees-to-migrant-workers


https://www.marketscreener.com/quote/stock/HARTALEGA-HOLDINGS-BERHAD-6500179/news/U-S-probes-two-Malaysian-glove-makers-over-forced-labour-allegations-report-35059585/

Harta treasury shares costs about RM9.60 per unit

Hartalega was buying back shares at prices as high as RM11 in April, then continued to buy back in May, before stopping at the end of June when the price fell below RM7.50. The amount of money used was not as high as that used by TG last year, but their retained earnings were not as high either anyway.

from 50 sen to 55 sen already 10% increase in 2 days. Have to consolidate and ding dong a bit then uptrend again.

Uncle purchased price is around 50sen. After he bought, he promotes day and night.

Now Hiaptek become koon bee stock...

Guess he bought back at 48sen, at the time he bad mouthed steel stocks about 2 weeks ago. Really old fox cannot be trusted.

OTB is more consistence with his stance as such earns our respect.

haha, KYY reputation is bad since he lost big on glove stocks. Not even 2 weeks he changed tune already on steel stocks.

haha, KYY reputation is bad since he lost big on glove stocks. Not even 2 weeks he changed tune already on steel stocks. Still OTB is more consistence with his stance.

Time is bad for construction, but good managed companies like Sunway, even smaller players like Gadang, Taliwork, HSL and many others are still making money last quarter.

Haha, ALP better sit down and do nothing, let China run the power plant, sell all Msia properties, let the power plant print the money every day with annual profit of RM 150m or more.

Yes, based on last quarter report, all other Malaysia projects, either construction or property development are loss making. Is ALP a good CEO? Most property developers/construction companies are making money like LBS, Ecoworld, Gadang, Sunway etc, why Jaks not making money?

The only good project is the Hai Duong power plant only. Most of the projects are not looking good.

I cannot understand why the rush to get this LSS4 project since jaks has no money and has to raise money thru PP at low price, making share base so big.

Solar panel price has increased from 20% to 35%. It could be running at negative return if the price not coming down as the tendered rate is very low. They have to make booking soon as the process of order and delivery will take about 1 year, i was told. ALP can manage properly or not? Will it end up making loss like the star project?

Look like forming cup and handle...

This company is one of the cheapest semicon and precision engineering companies in term of valuation vs Penta etc.

haha, qqq333 shouted sell gloves last year. I also managed to win big on glove last year.

OTB missed the tech stocks early this year. After glove, tech stocks like MPI, D&O have a fantastic run. The party is almost over for tech stocks.

However, OTB managed to capitalise most of the recent years theme play. When is the next theme play? Steel?



----------------------
CharlesT qqq3333 and any reasonable person will tell u Malaysia is living in the past glory. Like OTB hanging on to his memory of good times. ...its over but they don't realise only.
29/07/2021 10:34 AM

Last year he also won big lah fm Glove lah.....

Fm my observation OTB never miss all the recent years' theme play (since 2013 I think)

Recent 15% private placement mainly for low margin project of solar power and some goes to paying ALP and staff salaries. Discounting this 15% dilutive PP, jaks still worth much more than its current price of 46.5 sen due to its power plant in Vietnam.

Today will likely announce EY accepted to be auditors... Auditors very powerful.

K Power is safer than Serba.... Why so many interested in Serba, because cheaper?

SD should not delay in getting their special review done, the shortest possible way to restore mkt confidence. All this wayang kulit will not help nor restore investors' confidence. It looks like transmile.

SD should not delay special review by EY. EY has yet to accept the job. SD also wrongly thinks that sure got auditors want to take up the job, and that auditors are like their subcons that they expect to follow their instructions by holding their noses? It believes it is very difficult to get auditors willing to do their audit after they treat their auditors like this. They don't understand the audit profession.

Petronas Chemical results out, also all time high.

Extract from:

COMMENTARY ON PROSPECTS

The results of the Group’s operations are expected to be primarily influenced by global economic conditions, petrochemical products prices which have a high correlation to crude oil price, particularly for the Olefins and Derivatives segment, utilisation rate of our production facilities and foreign exchange rate movements.

The Group anticipates petrochemical product prices to remain strong in the coming quarter, amid continued tight supply and demand recovery.

I think brian3381Emak brain is damaged as bought D&O during penthouse price.

Green shit company

abang misai very chun... price increased after lunch, then poor retail investors jumped in thinking good results...

For about this con company. SC should investigate this company. This is one of the worst companies in KLSE in ever seen.

Profit from EPCC contract from Vietnam power plant can cover all the domestic losses for this financial year. Post covid, we shall see the mall to at least breakeven.

Jaks Resources (JAK MK)

Full contribution of Hai Duong power plant from 2Q21

The strong grow th in associate income qoq f rom RM7.6m in 4Q20 to RM29.8m in 1Q21
is due to the completion of the second unit of the 2x600MW Hai Duong pow er plant, which
started supplying to the grid at end of Jan 21. We are expecting higher prof it contribution
in 2Q21, due to the full contribution f rom both units. Jaks w ould also be recognising the
remaining RM81m of EPCC contracts in the coming quarters in 2021, as it is still pending
the f inal sign-of f f rom the engineers. We reckon that there is high possibility that Jaks
w ould take up the additional 10% equity stake, af ter the plant is fully stabilised. The
additional stake w ould likely cost around US$50mn.

Domestic market remains a drag to Jaks

The earnings miss w as mainly due to the higher losses f rom its domestic operations, as
w e had underestimated the impact of Covid19 on both its property investment assets and
local construction arm. Several of the prospective tenants for the Pacif ic Star Business
Hub had decided to pull out, due to the uncertainty in the economy outlook, w hich resulted
in the overall tenancy to remain at 31%. The rental collected f rom Evolve Concept Mall
has also taken a hit, as most of its rental is based on a percentage of sales made by the
tenants, but overall sales have been struggling since the start of Covid19.

Maintain BUY with an unchanged TP of RM0.80

We low er our 2021-23E EPS forecast by 5.1%-17.8% to factor in the higher losses f rom
its mall operation, and also better contribution f rom the pow er plant in 2021. How ever, we
maintain our RNAV-based TP at RM0.80, w ith most of the value derived f rom the power
plant assets. We believe that future earnings w ould remain stable w ith the start of the
pow er plant, hence keeping our BUY call unchanged. Dow nside risk: unexpected
operational issues at its Hai Duong pow er plant.

From Affin Hwang Analyst Report dated today

@SSLee, for LSS4 project, i think Jaks can start on 2nd half of 2022 and many banks are willing to finance the project . Power plant can start giving dividend after 15 months of COD.

The purchase of 10% equity in the power plant may need private placement.

We know that Jaks power plant can give them profit sharing of at least RM 30m x 4 = 120m per year. We can only see real results of power plant in next quarter as RM 30m share of profit are during initial start up of power plant with second unit only COD end Jan 2021. Jaks investors need to be patient to wait for paint dry

Jaks current quarterly share of profits from power plant is RM 30m. This results are good as 2nd unit only achieved COD end of January 2021( about 60+ days COD in quarter ended March 2021). During the new startup of power plant, there will be many teething problems and high start up costs.

today mega sales. I bought more today 2.92 bringing down average price to RM 3.03

n 18 March when Mr Ooi Teik Bee recommended it, it shot up 30% to limit up at Rm 1.49 as shown on the price chart below. Yesterday it closed at Rm 1.25.

From KYY article...

I believe uncle purchased price should be around RM 1.10-1.20

Haha, it should be : KYY use OTB name to promote Tomei...

But uncle now not much followers due to its bad reputations. Let see how good is this pick when he joins hand with OTB, another influential trader.

haha, while uncle is ikan bilis in glove stocks like supermax. He is a shark in tomei as its mkt cap is very small.

haha, while uncle is ikan bilis in glove stocks like supermax. He is a shark in tomei as its mkt cap is very small.