Hoho this is the reason why TNB had budgeted RM 90.0 Billion Capex from 2025 to 2030 , to upgrade its power grid as Third Party Access ( TPA ).

>>>
The Malaysian energy market is actively transforming to achieve its green energy development goals.

Earlier this year, the government launched the LSS5 large-scale solar programme with a total of 2.0 GW of RE capacity, marking the largest solar project in history.

The initiative complements the National Energy Transformation Policy, which encompasses a variety of green energy developments such as energy efficiency, RE zones and green hydrogen, all aimed at reducing carbon emissions and achieving a low-carbon nation by 2040.

Under its RE roadmap called MyRER to decarbonise the electricity supply sector, the government aims to increase RE installed capacity from 23 per cent (8.5 GW) of total mix in 2020 to 31 per cent (12.9 GW) by 2025 and 40 per cent (18 GW) by 2035.

The RE installed capacity targets will help cut electricity sector carbon emissions by 45 per cent in 2030 and 60 per cent in 2035.

To further support the nation's ambition of becoming a regional RE hub, the government also plans to adopt a Third Party Access (TPA) mechanism and establish an RE trading centre. These initiatives will enable the export of cross-border RE and accelerate the energy transition in Southeast Asia.

Hoho Sslee Jtiasa 76 % oil palm land is rented , that’s why cannot sell , later become Sawah Padi land ke …

Hoho surprised that Jtiasa majority of the oil palm land is rented ( 76 % ) … later become Sawah Padi ke …

Post removed.Why?

Hoho repost from YTLpower:


Hoho interesting subject lo :

> PowerSeraya 2 Power Plant are anticipated going to be phase out due to the Service life :


> Steam Turbine Power Plant thermal project with a capacity of 1,448MW by 2027 ..


Pulau Seraya Combined Cycle Power Plant is a 1,472MW by by 2026 to 2031 .

>> Total Capacity = 2,920 MW

There is a New Power Plant announced on : 2 Feb 2024 — The construction of a 600MW hydrogen-ready CCGT is estimated to cost $800 million and is targeted to be completed by 31st December 2027.

Hoho oh initially LTMS ( Laos , Thailand, Malaysia n Singapore) had signed an RE supply agreement on 2021 but is cancelled on 2022 due to Singapore not Agree on the cost .

Hoho just a simple question : Why TNB had budgeted RM 90.0 Billion Capex from 2025 to 2030 , to upgrade its power grid as Third Party Access ( TPA ).

Hoho Singapore shl need RE electricity import from Malaysia… that’s why TNB had budgeted RM 90.0 Billion Capex from 2025 to 2030 , to upgrade its power grid as Third Party Access ( TPA ).

And CRESS had been officially started on 21/9/2024 .

Jaks as one of the CGPP project winners Shl be benefited..

Jaks 30 MW CGPP project is awarded on August 2023 after completed / COD LSS4 50MW Solar project in Penang on August 2023 .

And seems only Jaks is prepared n ready to tender 200 MW to 500 MW of LSS5 2000 MW , EPCC RM 7.2 billion ( tender RFP dateline is by 25/7/2024 )

Hoho Jaks also doing pipes manufacturing but different types of pipes … now focus on construction n power generation business after CEO Ang successfully steered Jaks diversified into Power Plant n Solar RE business .


See the difference…

Hoho take as an example comparing Jtiasa , Rsawit n SuburTiasa that under RH group listed companies.

Rsawit n SuburTiasa are loss- making in Timber n Oil Palm business… sold land to diversified into pipes manufacturing n auto sector.

Hoho repost from Jtiasa :


Posted by jjohnchew > 6 days ago | Report Abuse


Hoho 4 Hidden Risks :

1.) Why Subur Tiasa and Rsawit ( under same RH group with Jtiasa ) are loss making in Timber and Plantation business?
Subur Tiasa even diversified business into pipe manufacturing n auto sector since May 2023 .😱

2.) Pulau Bruit land is identified suitable for Hybrid Rice cultivation on 2024 … announced by UKAS , in line with Sarawak government vision to support Sarawak rice demand by own cultivation ( currently 34 % ) . Even to rivalling Kedah which supply 40 % Rice demand in Malaysia , of course need financial supports from Federal government on this .


> An illustration: as the company said 3% planted area 69589 is > 18 years , averagely 14 years , ie : 2087 hectares going to be Sawah Padi out of the
Rented land 52,880 hectares ( 76 % of planted area) .

Note : Rented Land , Approximate age of building: 15 years


3.) Replanting cost for the rented land 52,880 x 30,000 , need Rm 1.6 Billion.

QR ended June 2024 : Reserve n Retained earnings is RM 0.5 Billion.

4.) 2nd Major ( 14 % ) keep disposed shares from August 2023 to July 2024 until left 6 % .

Post removed.Why?

Post removed.Why?

Hoho MA10 0.142 , BB mid 0.142

MACD 0.001 -0.003 -0.004

Stoch RSI. 59.53 76.20

大鱼吃小鱼年代

根据大马棕油局（MPOB）数据，大马的种植面积过去5年，已陷停滞现象，也就是能种植棕油的农业用地持续下滑。

2019年大马的种植面积，来到历史高点的590万公顷之后， 2023年则减少至565万公顷。这现象的背后，是因为大马已经禁止开发原始森林和泥炭地种植油棕，而且还在2019年把油棕种植面积，限制在650万公顷之内。

由于大马的种植面积受到土地的限制，棕油业者也被迫开始把重心放在提高产量和营运效率上，而提高盈利最快速的方式，就是企业并购。

例如，2021年吉隆甲洞成功以15.3亿令吉。收购IJM种植的56.2%股权，促使棕油种植面积增加28.7%至27万4688公顷。


棕油价利好业者

在缺乏种植绿地的背景下，并购很可能成为种植业未来的主题。过去几年棕油价格较好，不少园主财务状况持续改善，并积极寻找并购机会。

从ESG的议题来看，尽管大马政府推出多项具有吸引力的措施，但还是无法提振大马人对种植工作的兴趣。这也导致在种植业员工当中，外劳的占比高达85%。这可能会让种植业者曝露在“劳工剥削”或“维护劳工权益”等风险底下。

种植公司的盈利在2022年见顶后，便开始走下坡。当时，俄乌战争的爆发，导致黑海地区葵花籽油供应受到阻碍，全球买家争相找寻替代品。

作为全球四大食用油的棕油，在需求走高下价格自然水涨船高。当时，许多种植公司的盈利在2021至2022年这段期间，突破历史新高。

来到2023年，棕油价格从高峰的7000令吉以上，暴跌至目前35004000令吉一吨，但还是比2021年以前的历史均值 2700令吉约高出40%至50%，也有助于抵消不断走高的生产成本。

虽然需求还是取决于全球的经济景气，但在种植面积下滑，更多的油棕树已过盛年期，大马的翻种进度远低于预期，未来棕油的供给会受到限制。

Hoho bottom line finally Jaks found the “ moats “ by successfully diversified into Power Plant and Solar RE industry .

Export Performance of Major Sectors
Exports of E&E Products Remained Robust
In January 2023, exports of manufactured goods which accounted for 84.2% of total exports decreased marginally by 0.1% y-o-y to RM94.97 billion. This was due to lower exports of manufactures of metal, rubber products as well as iron and steel products. However, expansion in exports was seen for petroleum products, E&E products, optical

MALAYSIA EXTERNAL TRADE STATISTICS JANUARY 2023
and scientific equipment as well as beverages and tobacco. Collectively, exports of petroleum products and E&E products accounted for 52.2% of Malaysia’s total exports and rose by RM7.66 billion.
Exports of mining goods (9.1% share) soared by 50.1% y-o-y to RM10.23 billion, the 22nd successive month of double-digit growth which was led by higher exports of LNG.
Exports of agriculture goods (6.2% share) declined by 19.8% to RM7.01 billion compared to January 2022 due to lower exports of palm oil and palm oil-based agriculture products.
Major exports in January 2023:
 E&E products, valued at RM46.96 billion and accounted for 41.6% of total exports, increased by 4.7% from January 2022;
 Petroleum products, RM11.92 billion, 10.6% of total exports, surged by 87.5%;
 LNG, RM6.68 billion, 5.9% of total exports, surged by 62.3%;
 Chemicals and chemical products, RM5.78 billion, 5.1% of total exports, decreased
by 6.6%; and

 Palm oil and palm oil-based agriculture products, RM5.29 billion, 4.7% of total
exports, decreased by 23.2%.

, Sep 18, 2024
In August 2024, soybean imports to China amounted to approximately six billion U.S. dollars, increasing by around 15 percent compared to the same period of the previous year. Despite the seasonal fluctuation in soybean imports, China remains the largest soybean importer in the world.

Post removed.Why?

bernama
https://www.bernama.com › news
CPO Futures Close Lower Tracking Weaker Soybean Oil Prices
12 Sept 2024 — At the close, the spot month September 2024 contract surged RM53 to RM4,020 per tonne, while nearby October 2024 was RM28 lower to RM3,935, and .

CPO Futures Close Lower Tracking Weaker Soybean Oil Prices
12 Sept 2024 — At the close, the spot month September 2024 contract surged RM53 to RM4,020 per tonne, while nearby October 2024 was RM28 lower to RM3,935, and .

https://www.bernama.com/en/news.php?id=2339861

Post removed.Why?

Hoho take note on the BOT contract :


BOT contract
* 25 years from commercial operation date (COD).
* The power plant shall be transferred to Vietnam Ministry of Industry and Trade (MOIT) 👉at no charge after 25 years.
* JHDP shall pay US$60,000 per day per unit for each day of delay after the deadline. The deadline for unit one shall be 48 months and 54 months for unit 2 after the construction start date. Subject to max of US$15m.
* JHDP shall pay US$150 per KW shortfall below the contacted capacity which is 1112MW subject to max of US$8m.
* JHDP company may terminate the BOT contract due to Vietnam side default or government events such as war, invasion, terrorist, revolution, strikes, none performance of GGU, change of laws.
* In the event of non-government force majeure like earth quake, flood etc, either party can terminate the BOT contract and MOIT has to purchase the assets based on the terms set out in the BOT contract. However, MOIT has the option to continue to pay the capacity charges and JHDP has no right to terminate.

Hoho interesting lo on VND to USD to RM exchange rates:


👉USD to RM

July 2024 : 4.66721

19 Sept 2024 : 4.27368

>> Depreciated 8.43 %

1 year depreciated 9.01 %

2 year depreciated 6.33 %

5 years appreciated 2.37 %


👉USD to VND

July 2024 : 25,719

19 Sept 2024 : 24,582

>> Depreciated 4.42 %

1 year appreciated 0.83 %

2 year appreciated 3.73 %

5 years appreciated 5.79 %

👉 Vietnam Power Plant 1200 MW , EPCC RM 8.7 Billion ( in USD 1.87 billion) :

Funding by 25 % equity, 75 % Loans ..repayment period 10 years is started on 2021 .

Hoho

4QR 2019 is Profit

4QR 2020 is Loss ( Vietnam 1st unit 2x600 MW Power Plant is COD on November 2020 )

4QR 2021 is Loss ( Vietnam 2nd unit 2x600 MW Power Plant is COD on January 2021 )

Note 1.)EPC2 construction contract on Vietnam Power Plant 1200 MW bring Profit over RM 400 million .

Note2.) The losses also caused by Pacific Star Towers project n the highway project.

4QR 2022 is Loss 3.2 million.

4QR 2023 is Loss 24.8 million as posted earlier with causes.

EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced ROE QoQ% YoY% Report
31 Dec, 2024
0.3500 0.000 0.5900 13.1m 8.4m 2 2024-06-30 31 Dec, 2024 2024-08-28 0.6% 32.3% 55.9% View
0.5300 0.000 0.6300 14.2m 12.4m 1 2024-03-31 31 Dec, 2024 2024-05-29 0.8% 150.2% 11.6% View

31 Dec, 2023
-1.1100 0.000 0.6700 10.3m -24.8m 4 2023-12-31 31 Dec, 2023 2024-02-29 -1.7% 447.1% 737% View
0.3300 0.000 0.6800 10.0m 7.1m 3 2023-09-30 31 Dec, 2023 2023-11-28 0.5% 62.6% 64.9% View
0.9000 0.000 0.6600 3.3m 19.1m 2 2023-06-30 31 Dec, 2023 2023-08-29 1.4% 35.8% 25.2% View
0.6700 0.000 0.6800 14.2m 14.1m 1 2023-03-31 31 Dec, 2023 2023-05-29 1.0% 533.8% 33.4% View

31 Dec, 2022
-0.1600 0.000 0.6800 45.9m -3.2m 4 2022-12-31 31 Dec, 2022 2023-02-24 -0.2% 116% 88.7% View
1.0000 0.000 0.6800 16.4m 20.3m 3 2022-09-30 31 Dec, 2022 2022-11-25 1.5% 33.3% 36.1% View
0.7500 0.000 0.6700 9.7m 15.3m 2 2022-06-30 31 Dec, 2022 2022-08-25 1.1% 27.8% 47% View
1.0300 0.000 0.6700 17.8m 21.1m 1 2022-03-31 31 Dec, 2022 2022-05-31 1.5% 174% 7% View

31 Dec, 2021
-1.5000 0.000 0.6600 20.1m -28.5m 4 2021-12-31 31 Dec, 2021 2022-02-24 -2.3% 189.6% 73.4% View
1.7200 0.000 0.6700 30.6m 31.9m 3 2021-09-30 31 Dec, 2021 2021-11-30 2.6% 10.6% 19.1% View
1.6400 0.000 0.6800 41.6m 28.8m 2 2021-06-30 31 Dec, 2021 2021-09-07 2.4% 45.9% 1230.5% View
1.1300 0.000 0.6600 17.5m 19.7m 1 2021-03-31 31 Dec, 2021 2021-05-21 1.7% 119.1% 417.5% View

31 Dec, 2020
-13.1600 0.000 0.6500 46.0m -103.2m 4 2020-12-31 31 Dec, 2020 2021-03-29 -20.2% 485.8% 700.6% View
4.1100 0.000 1.5400 63.2m 26.7m 3 2020-09-30 31 Dec, 2020 2020-11-27 2.7% 1135.4% 7.1% View
0.3300 0.000 1.4900 75.0m 2.2m 2 2020-06-30 31 Dec, 2020 2020-08-26 0.2% 134.8% 94.2% View
-0.9600 0.000 1.4900 75.2m -6.2m 1 2020-03-31 31 Dec, 2020 2020-06-30 -0.6% 135% 121.7% View

31 Dec, 2019
2.8900 0.000 1.5200 238.9m 17.8m 4 2019-12-31 31 Dec, 2019 2020-02-27 1.9% 28.8% 242.6% View
4.1200 0.000 1.5100 216.0m 25.0m 3 2019-09-30 31 Dec, 2019 2019-11-25 2.7% 33.1% 999.2% View
6.3500 0.000 1.4700 315.4m 37.3m 2 2019-06-30 31 Dec, 2019 2019-08-21 4.3% 30.3% 192.8% View
5.0400 0.000 1.4800 297.8m 28.6m 1 2019-03-31 31 Dec, 2019 2019-05-09 3.4% 325.8% 60.4%

Hoho Sslee always highlighted on Jaks impairments:

Some findings :

1.) Impairment Loss on receivable RM 32.9 Million..

2.) Impairment Loss on Goodwill ( non reversal) is RM 23.5 million.

👉QR ended December 2023 is Loss ( RM 24.8 Million)

>> In the quarter under review, the Property Investment division recognised lower
revenue contribution of RM3.1 million, from RM4.0 million achieved in the previous
year's corresponding quarter.

👉 This division reported a profit before tax of RM15.4
million, compared to a loss before tax of RM5.4 million in the fourth quarter of 2022
mainly due to 👉the reversal of provision made in previous years.


> QR ended March 2024 :

1.) Impairment Loss on receivable RM 2.0 million.

2.) Impairment Loss on Goodwill ( non reversal) is RM 0.0


> QR ended June 2024 :

1.) Impairment Loss on receivable RM 2.0 million.

2.) Impairment Loss on Goodwill ( non reversal) is RM 0.0



And QR ended December 2023 on Construction Division :


In the fourth quarter of 2023, the Construction division reported lower revenue of RM2.9 million, a reduction of 94% compared to the revenue of RM46.7 million in the same quarter of the previous year.

👉This decline was primarily attributed to the lower revenue recognition from the local construction works that are in their 👉final
stages of completion.

👉 With the lower revenue, this division incurred a higher loss
before tax RM63.3 million in this fourth quarter compared to RM40.5 million loss
before tax incurred in the corresponding quarter of the previous year.


My observations:

1.) Puchong laying piping contract is in final stage of completion.

2.) A highway construction project is in final stage of completion . ( same highway project as Zelan but different Parcel ) .

Hoho MA10 0.141 BB mid 0.143

MACD 0.001 -0.003 -0.004

Hoho at today volume = 4,022,600 , VWAP = 0.145 ….

Let’s see MA10 0.140 can be divergent up cross BB mid 0.143 by this week !!!

Hoho this is more interesting le , Gotyou a Positive views commentator became Negative view , also posted Negative Views on
LSS4 Project ! Oredi completed n commissioning by TNB , anticipated to generate cash flow by 2024 onwards.

Same as Just88 from DK private group, a Negative views commentator became Positive views , referring below is Gotyou n Just88 posts :

>>>

KLSE I3 Investor
https://klse.i3investor.com › gotyou
JAKS RESOURCES - ANOTHER RIGHTS ISSUE ? | I3investor


14 Jun 2023 — · Solar LSS4 project accumulated cost as at 31st Dec 2022 was RM142 millions at 77% completion. 23% balance work will require addition



Please Explain !
VIETNAM BOT PPA SECRET REVEALED !

Gotyou

Publish date: Fri, 27 May 2022, 10:03 AM
Why is Jaks Hai Duong Power Plant (JHDP) under BOT contract in Vietnam guaranteed to make consistent profit over the concession period ?

The magic lies in the secret power purchase agreement (PPA) !


—-

Just88 :

Stock: [JAKS]: JAKS RESOURCES BERHAD
months ago | Report Abuse

xiaoeh, the syndicated loan is for the solar project of which the bankers must have assurances that the cash flows generated from the solar project are certain to be able to service its loan. Therefore, the syndicated loan should not be a concern to Jaks especially when we are trying to determine the severity of Jaks' near term future cash flow deficits.


Stock: [JAKS]: JAKS RESOURCES BERHAD
months ago | Report Abuse

Prior to the release of 2023 annual report, it was not known to me that there is a RM200m loan included in the total borrowings of RM500m. I was doing a cash flow projection of Jaks for the next 6 years before the JHDP loans are fully repaid. The future cash flow deficits are projected to be very severe and hence expectation of numerous PP and RI to deal with the cash deficits. If the syndicated loan is excluded from the cash flow projection, the severity of negative cash flow is substantially reduced.


👉Stock: [JAKS]: JAKS RESOURCES BERHAD
months ago | Report Abuse

Alibone, I gave my detailed analysis to DK for comment. He agreed that the negativity of the cash flow deficit is alleviated substantially when the RM200m syndicated loan is excluded. However, he is still concerned with the collectivity of the receivables given the significant write offs in the prior years. Nevertheless, he agrees that the risk reward is attractive now and he is considering subscribing for the private placements.

Hoho interesting lo , the findings:

Jaks own 51 % on Evolve Mall , is acquired on 2013 with RM 93.2 million.

JAKS Resources Berhad entered into a conditional share sale and purchase agreement to acquire 51% stake in MNH Global Assets Management Sdn Bhd. from Island Circle Development (M) Sdn. Bhd. for MYR 93.2 million.
March 29, 2013 at 12:00 am EDT



——


Hoho interesting lo , if can monetise the property segment assets :

a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.

b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.

👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.

👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.


Note : Pacific Star is an elite mixed development project located on 6.04 acres land at Section 13, Petaling Jaya with Gross Development Value of RM1.08 billion .

and do compared with AAX ...

Post removed.Why?

Post removed.Why?

Post removed.Why?

Hoho Rsawit sold lands n diversified into pipes manufacturing n auto sector.


—-

Rimbunan Sawit sells agricultural land in Miri for RM165mil cash
By Sharen Kaur
December 22, 2023 @ 9:03am

Post removed.Why?

Hoho as said Jaks is potential to be turnaround became a Growth stock …

CAGR : 3Y 29.9% , TTM 28.4%

Post removed.Why?

Post removed.Why?

Hoho by the way can sslee explain why QR ended June of Insas n Jaks is different on Non-controlling interest :

1.) Insas : Shareholders' Equity + Non-controlling interests

2.) Jaks : Shareholders' Equity - Non-controlling interests

—-

Posted by Sslee > 1 hour ago | Report Abuse

By the way
Total equity = Shareholders' Equity + Non-controlling interests = Total Assets – Total Liabilities

TradingFUN Shareholders' Equity = Total Assets – Total Liabilities
23/09/2024 11:08 PM

Hoho Sslee yr idol Calvin diving again ke like on December 2020 … u need to write a blog to Cari dia again ke.🤣

Hoho he said sold 8 apartments to buy Netx , this round sold the balance ke .🤣🤔

Post removed.Why?

Hoho on Jaks TA :

MACD : 0.002 -0.003 -0.004

Still below water level ….Fast line is divergent up cross Slow line on 18/9/2024 .


BB 20 2 : Mid 0.143 High 0.152 Low 0.134

MA10 close 0 0.140

MA200 close 0 0.163

>>> wait till MA10 divergent up cross BB 20 2 : Mid line .

—-

Posted by jjohnchew > 22 hours ago | Report Abuse

Hoho ssleee how is Jaks TA :

MA 5 : 0.147
MA10 : 0.145
MA100 : 0.141
MA200 : 0.147

RSI (14 ) : 67
Stoch (9,6) : 69
StochRsi (14 ) : 100

MACD ( 12 , 26 ) : 0.003

Hoho ssleee how is Jaks TA :

MA 5 : 0.147
MA10 : 0.145
MA100 : 0.141
MA200 : 0.147

RSI (14 ) : 67
Stoch (9,6) : 69
StochRsi (14 ) : 100

MACD ( 12 , 26 ) : 0.003

Hoho Sslee said see 5 waves in Yinson … still can see ke , how is FPSO Atlanta First Oil status ? Delayed of each day caused Revenue is losing RM 1.585 million/ day .😱

Hoho of course the faster is good le .🤣

Key words : oil palm land .



KUALA LUMPUR (Sept 10): JAKS Resources Bhd (KL:JAKS) said it is disposing of 178.48 acres of oil palm land in mainland Penang for RM77.74 million

Hoho Sslee said Jaks sold Penang Free Hold Lands on 9/9/2024 , monetise the Lands with RM 77.74 million ( a net pro forma gain of RM50.38 million ) . Jaks LSS4 50 MW Solar plant / farm in Penang Shl be no more Land wow ..

The findings:

1.) Referred to Annual Report FYE2023 , Jaks had acquired 30 plots of Free Hold lands in Seberang Prai , Penang on 2019 .

LSS4 50 MW project is awarded on 2021 ,Loans RM 220 million is approved on March 2022 .

> Jaks sold 17 plots of Penang lands , Balance 13 plots as LSS4 50MW Solar farm .

>> A smart n visionary of CEO Ang business acumen.

As compared to LSS5 2000 MW Solar project, EPCC RM 7.2 Billion ( tender RFP dateline 25/7/2024 ) … Jaks tendered for 200 MW ( with intention up to 500 MW ) , estimated EPCC RM 800 million ,

Land : 1730 acres in Terengganu is going to lease from TDM . ( Rental is RM 578 per acre per year ) .

Based on type of Solar Panels ( different efficiency 12 % or 18 % ) selection , the Land can be a 200 MW to 500 MW Solar farm .