bought elsoft at 1.00

add more sapura at 26.5sen

sold back jaks-wb at 61sen

bought jaks-wb at 60-60.5sen

sold back all at 87.5sen

Solar power definitive agreement due to announce

bought D&O at 60sen

Add more jaks at 78.5sen

Thanks DK66 for jaks power power plant update.

sold off balance at 68.5sen

sold partial Gkent at 1.05

sold more at 68sen

bought back jaks at 77sen

sold back partial maybulk at 66.5-67sen

sold back balance at 74.5sen

bought back sapura at 26sen

Please compared jaks share volume base Q1 vs Q2 to look whether 10% private placement already fully take into account

bought back ecoworld at 65sen

bought YTLP at 75.5sen

sold back partial at 70sen

Moving up

You may seek clarification with jaks management

DK66

Please refer to link below, page 4

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6130745

Please beware, next Q result will see jaks earning to be diluted by 10% due to recent 10% private placement to paid EPC subcontractor and to cover additional cost in EPC.

sold back jaks at 78sen

In 2019, Jaks profit probably already peak due to EPC faster burn rate

In 2020, Jaks profit in vacant period due to tail end EPC contract and transition period for first unit to start commercial operation after mid 2020

In 2021, Jaks profit will BOOM.

In short, the real full power impact on Jaks profit will only can unleash in early 2021.

The outstanding balance of EPC contract is estimate about RM 600m, the burn rate is getting slower toward each unit completion which is to spread over 1.5year with first unit completion before mid 2020 and second unit 6 month later. Revenue and profit recognition from EPC will be getting slower, characterized as S type earning profile.

Therefore, there will be significant profit gap as first unit only able to start commercial generate power after mid next year and second unit 6 month later. The vacant profit gap is after unit completion, need few month time pre operation testing run period and also time of getting final approval before commercial period.

Thanks DK66 for clarification.

Jaks enjoy initiate tax free on profit for 5 year as Gov incentive, thereafter tax 15% will incur on profit, reducing profit afterward

bought back jaks at 74sen

sold back at 1.37

DK66

At the moment, short term for trading purpose.

Longer term after power profit start middle next year.

bought sp setia at 1.34

sold back at 76sen

bought back jaks at 74sen

Add more maybulk at 66.5sen

The smart meters are an add-on to existing meters that offer fixed network reading or mobile network reading, which allow state government to bill household remotely. It also enable authorities to access water consumption pattern and detect leakages in distributions system, thus address non-revenue water problem.

Already Gkent successful secure maiden award by Selangor state government in Sept 2019 to supply, deliver and install 5540 water meter fitted with these smart metering solution

bought gkent at 1.00-1.02

bought back ecoworld at 64.5sen

sold back at 77sen

Baltic Dry increased 1000 index points or more than 100% since the beginning of April 2019.

Q2 (BDI average 924)
April 738
May 882
June 1152

Q3 (BDI average 1924)
July 1561
Aug 2083
Sept 2131 -

Remark: Please take note the BDI is USD denominated, higher charted rate + stronger USD translate into higher RM profit. As operating have relatively fixed cost, any surplus above cost all DIRECT into higher net profit

bought maybulk at 67.5-68sen

Cypark is key beneficial stock from government green energy policy.

Recall earlier Jaks form JV with another Chinese company Wuhan Kaidi Electric Power Engineering lapsed in which Jaks hold majority shareholding 60% vs Kaidi 40%.

Jaks did scarify its controlling stake to CPECC, but compensated with better deal on deferred option to buy RCPS at ORIGINAL cost after 3 year power plant operation to retain 40% stake.

Pacific Star Shop To Let

Location: Jalan 13/6, Section 13, Petaling Jaya
Type: Shops
Floor: Ground
Built up: 1,100 sq ft
Asking rental: RM 5,000 per month
Available in June 2019
Remarks: New F&B hub.

For further information and viewing appointment, kindly contact, sms, whatsapp or email:
Ame Turner (PEA1090)
012-3392125
ame.turner@carey.com.my
REN: JA/MS

Please take note, CPECC holding RCPS or preferential share have NO voting right unless it is converted into common share 3 year later after power plant commecial operation.

Dear sslee

Please study detail of jaks and CPECC JV structure

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4793029

Over the year, Jaks have staggering provide LAD provision every quarter in accord to time delay in handover unit to purchaser till completion.

Therefore, once unit is confirm handover after completion, the earlier provision LAD in Jaks balance sheet will use to fund payout to purchaser as compensation for delay.

Thus, once the pacific property completed and handover within these year, it will officially ended Jaks to have to provide anymore LAD in its profit/loss statement, eliminate these loss making division totally.

Jaks also on track to break even its concept mall due to surge occupancy rate recently from 55% to over 80%. All in all, in next few quarter result will show great reduction loss making due to LAD and property investment in concept mall.

On the other hand, power plant construction profit will expedite to record balance of work till completion and then later commencement of new stream of steady income worth EPS 15-20sen pa from power profit next year

In time of China-US trade war, Vietnam is key beneficial country. Many manufacture in global supply chain have opt to shifted to Vietnam. Adequate Power supply is in great need, full capacity fire up to meet demand. Therefore, Jaks new power plant stand to benefit full capacity payment once operating in full capacity early next year.

Jaks director know the best of its own company, a game changer in coming, have keep accumulating low price Jaks in open market without interfering much market price now, a forward step before value emerging later once all loss making in LAD behind, heading to new profit making power plant.

Please take note the company holding the BOT is JAKS Hai Duong Power Company, which is in a 50:50 joint venture between Jaks and China Power Engineering Consulting Group Co Ltd (CPECC).

In turn of future profit recognition from power plant, Jaks have equal stake in the joint venture. Although the effective stake will dilute due to CPECC holding convertible preferential share in JV.

The revenue account in JV is very flexible. Take for example, ecoworld international have 70% stake in London project, but it opt not to recognize any revenue from JV. Sapura OMV have 50% stake in JV, also opt not to recognize revenue in JV. Another example is Malton dispose 49% in pavilion mall, still holding 51% stake and yet opt not to recognize in JV future revenue. Earlier example also like Puncak holding 70% stake in syabas, but opt no revenue in JV.

From above example, one can understand it is flexibility in accounting treatment once the company is classified as joint venture company. Either the majority stake, equally stake or minority stake in joint venture company can have option to consolidate or no in revenue recognition. However, the net profit is still based on effective stake in JV

Please take note the company holding the BOT is JAKS Hai Duong Power Company, which is in a 50:50 joint venture between Jaks and China Power Engineering Consulting Group Co Ltd (CPECC).

In turn of future profit recognition from power plant, Jaks have equal stake in the joint venture. Although the effective stake will dilute due to CPECC holding convertible preferential share in JV.

The revenue account in JV is very flexible. Take for example, ecoworld international have 70% stake in London project, but it opt not to recognize any revenue from JV. Sapura OMV have 50% stake in JV, also opt not to recognize revenue in JV. Another example is Malton dispose 49% in pavilion mall, still holding 51% stake and yet opt not to recognize in JV future revenue. Earlier example also like Puncak holding 70% stake in syabas, but opt no revenue in JV.

From above example, one can understand it is flexibility in accounting treatment once the company is classified as joint venture company. Either the majority stake, equally stake or minority stake in joint venture company can have option to consolidate or no in revenue recognition. However, the net profit is still based on effective stake in JV