i3lurrker changed name to Balia !!! Oh promoted SCIB half way changed.🤣

—-

Posted by Balian de Ibelin > 2 weeks ago | Report Abuse

Dawn Fitzpatrick says beginners greatest mistake is selling when low.

Post removed.Why?

Hoho let’s hear the bookworm sound !!!🤣

Post removed.Why?

Post removed.Why?

Hoho thanks to ssleee keep shouting CEO shares all in pledged accounts , Jaks price is keep dropping will be Margin Call . The lowest price is oredi tested at RM 0.12 , now up to RM 0.15.

Remember Do 3 Own : Own Homework, Own Analysis and Own DecisionS as only you know your Risk level and Holding power .



DecisionS: is changed Upon new information, new facts n figures.

Hoho why it is the Right time to “ Buy Low Sell High “ on Jaks :

1.) Lowest Price is RM 0.12 over 18 years .
Today price is RM 0.15 ( 21/9/2024 ) .. with NTA 0.59

52W 0.12 — 0.225


2.) Why Jaks is keep diluting with RI n PP : To prevent take over intention on 2017/2018 ( 9.9 % vs 30 % on 2017 … but CEO Ang holding is increased from 9.9 % to 13.79 % as at FYE2023 ) .

3.) November 2018 RI is issued in Warrant only , WB at RM 0.25 with EX price RM 0.64 n is changed to RM 0.34 on 2022 … is 👉Maturity on December 2023 , to prevent the Take Over . A very sad battle episode as all parties are in Losses.

4.) Jaks won the 6 years legal battle against Star Media from Federal Court on March 2024 .

> Sequential events on the Legal battle:

Star won from High court
Jaks won from Appeal court
Star appealed to Federal court
Jaks won from Federal court .


—

According to Bursa Malaysia filings, well-known investor Koon Yew Yin is the single largest shareholder of JAKS with a 21.11% stake as at April 10. Koon’s wife Tan Kit Pheng also owns 8.68% shares in JAKS. Lam Poah’s shareholding in the group stood at 9.9% as at Nov 1, 2017.

JAKS shares closed unchanged at RM1.46 last Friday, with a market capitalisation of RM797.08 million. The stock has fallen 21% from its peak of RM1.84 on Feb 19 since the dispute with Star Media Group Bhd erupted. Star Media shares closed down three sen or 2.7% at RM1.08 last Friday.

Note : This article first appeared in The Edge Financial Daily on April 16, 2018 - April 22, 2018

—

Posted by Sslee > 5 hours ago | Report Abuse
Ann. Date 
Ex Date 
Type 
Subject 
Amount 
21-Jun-2024 24-Jun-2024 Private Placement 56,285,000 0.145 
14-May-2024 15-May-2024 Private Placement 180,700,000 0.120 
07-Sep-2023 08-Sep-2023 Private Placement 80,014,700 0.180 
26-May-2023 29-May-2023 Private Placement 129,017,000 0.185 
30-Jun-2021 01-Jul-2021 Private Placement 272,667,000 0.475


27-May-2019 28-May-2019 Private Placement 58,465,313 0.700 
29-Mar-2018 30-Mar-2018 Private Placement 49,631,200 1.380 
23-Mar-2017 24-Mar-2017 Private Placement 43,836,100 1.360 

13-Oct-2020 26-Oct-2020 RIGHTS_ISSUE Rights Issue 8.0000 : 5.0000


05-Nov-2018 16-Nov-2018 RIGHTS_ISSUE Rights Issue 1 : 2




—

Exercise of Warrant B : Additional Listing

1.) 23/1/2020 : 8,000,000

2.) 23/7/2020 : 4,000,000

3.) 7/12/2023 : 1,237

Hoho another Great news :

财经新闻
鼓励企业用绿色电力 再生能源供应指南生效
2024年09月21日

（八打灵再也20日讯）为企业用户提供更广泛绿色电力供应选择的企业再生能源供应计划（CRESS）指南，今起生效。

能源及水务转型部发文告说，大马能源委员会将发布具体指导方针，作为希望参与再生能源供应计划的业者之监管指南。

>> key points as announced on 22/8/2024 :’

1.) Wheeling Charges :

a.) Non firmed or intermittent RE supply 45 sen per kilowatt-hour (kWh)…. 25 sen/kWh for RE with firm or consistent supply.

Jaks is awarded 30 MW CGPP project on August 2023 .

Post removed.Why?

Post removed.Why?

Post removed.Why?

Hoho still twisting n diverting, not reply !! Recalled someone posted in Insas , WC cost is RM 0.25 . Even your 1st n Only Win RM 250,000 on Insas WC is a Lie since investing from 2016 to 2023 … what a pity book worm !🤣🧐🤔



—-

Posted by Sslee > 7 minutes ago | Report Abuse

Did someone can't read or as usual twist and turn on purpose?
Know how much I earned from the free insas-WC?

RI for total RM 320 million to pay loans ?????? LOL Mike-tikus

Post removed.Why?

Hoho during the 6 years legal battle against Star , Jaks is facing Losses from Pacific Star Towers Project . After won the trial from Federal Court on March 2024 , Jaks now can proceed counter claimed on 2 suit against Star with over Total RM 540 million.

—

Posted by jjohnchew > 20 hours ago | Report Abuse


👉👉as posted earlier, year 2025 shl be Jaks year .

P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .


👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.

>> Case Management:

1.) 8/5/2024

2.) 11/7/2024

3.) 11/10/2024

Hoho is this a simple question or Dumb question : Why Labour expenses is increased during Production Capacity expansion ? After I am laughing for 2 years, you twisted to Capex , even didn’t understand what is Capex .🤣🤔.

Oh you still didn’t reply Why Insas a Cash Rich company with over RM 1.0 billion cash , but repeatedly issued RI for total RM 320 million to pay loans ??



—-

Posted by Sslee > 1 hour ago | Report Abuse

Just a simply question if jaks financial health is improving then why the need to sell land and yearlly cash call PP for working capital and debts repayment?

Suiyee sucker bilis are born every second to be eaten by shark.
You all most welcome to be the suiyee sucker bilis.

Hoho Jaks account book has been improved since 2016 to June 2024 , it is time now to monetise the 2 Property Division assets : Evolve mall and Pacific Towers Business Hub , after monetised the Penang Free Hold Land .

Hoho Recap on Jaks “ Moats “ Vietnam JV Power Plant 1200 MW, EPCC RM 8.7 Billion , key points , is COD on January 2021 :

1.) ROI as at June 2024 :

997 /200 = 499 %

👉Note : BOT 25 years contract is maturity on 2046 .

2.) Jaks Gearing Ratio is reduced from FY2015 0.80X to June 2024 0.303X


3.) Non Current Asset : Investment in Joint Venture and PPE is keep increasing.

a.) PPE :March 2016 = 55,453,000 …> > June 2024 = 369,116,000 .

b. Investment in Joint Venture: March 2016 = 128,297,000 ..> > June 2024 = 943 ,960,000


4.) Equity: Accumulated Profit is keep increasing.

March 2016 = 55,453,000 … > June 2024 = 369,116,000 .

As I am always posted :

Remember Do 3 Own : Own Homework, Own Analysis and Own DecisionS as only you know your Risk level and Holding power .



DecisionS: is changed Upon new information, new facts n figures.

Hoho after posted Jaks ROE = 0.93 % , FCF yields = 0.71 % , Current Ratio = 1.04 ….

That someone said Jaks has Cash Flow issue , but where is the Profits generated is allocated ? See Jaks Non Current Assets and Free Cash Flow Growth as posted earlier.

After CEO Ang won the hostile takeover intention on 2018 ( 9 % vs 30 % , NOSH = 500 million share ) , he had successfully steered Jaks diversified into Power Plant industry on January 2021 , 1200 MW with EPCC Rm 8.7 billion…. And into Solar RE on August 2023 , 50 MW LSS4 Project in Seberang Perai Penang .

Referred Annual Report FYE2023 , Jaks acquired 30 plots of Free Hold Land in Seberang Perai Penang on 2019 .

Jaks 50 MW LSS4 Project with Loans RM 220 million, EPCC RM 200 million.

👉 On 9/9/2024 , Jaks disposed 17 plots Free Hold Land in Seberang Perai Penang ,
monetised land in Penang with RM 77.74 million…Net Book Value as at Annual Report FYE2023 is RM 15.97 million…a net pro forma gain of RM50.38 million from the disposal.


> Another Successful case of CEO Ang business acumen.

👉👉as posted earlier, year 2025 shl be Jaks year .

P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .


👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.

>> Case Management:

1.) 8/5/2024

2.) 11/7/2024

3.) 11/10/2024

Hoho he posted tak boleh naik liaw , pity le .🤣🤔

—

Posted by stncws > 1 hour ago | Report Abuse

maybe ss still green head cai ! anyway good try

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.

Hoho some update on Jaks management intention to monetise 2 Property Division assets as posted earlier:

> Referred to Annual Report FYE2023 :

1.) Evolve Mall :
Occupancy Rate increased to 75 % from 59 % FY2022 .

2.) Pacific Towers Business Hub : Occupancy Rate increased to 54 % from 35% FY2022 .

> QR ended June 2024 :

Property Investment: Loss RM 9,163,000 compared to Loss RM 9,540,000 on QR ended June 2023 .

👉 As Jaks won the 6 years legal battle on Pacific Star against Star Media from Federal Court on March 2024 , it can planned now to monetise the Pacific Towers Business Hub.

—-


PACIFIC STAR
Section 13, Petaling Jaya
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. The Group acquired the land from the Star Publications for RM135 million and the payment for this consideration would be the construction and transfer of an office tower to the Star Publications. This development consists of 5 blocks for residential units and commercial space purposes.


Star Publications has exclusive rights to Tower A, while Tower B, also an office suites, has 258 units. Tower C on the other hand consists of 191 units of semi-D like homes. Tower D consists of 156 units of serviced apartments located on the 10th to 24th floor. Meanwhile, Tower E consists of 310 units sprawled over the 10th to 33th floor.


There are 4 levels of basement car parks, 4 levels of retail units, 3 levels of office suites and 6 levels of elevated car parks.

Hoho next Federal Reserve meeting is scheduled on December 2024 … expected another rate cut …

As said year 2025 is Jaks year …

Hoho Repost :

👉2024 : USD to VND is Depreciated 4.42 % … Savings from Loan repayments = USD 8,265,000 compared to USD depreciation to RM on share of Profits + Dividend = USD 632,000.( Less ) .

Hoho another Risk on RSPO certification, where as Jtiasa is only certified by MSPO :


Hoho copied n posted partially:


Plantation sector lacks catalysts but hidden gems remain, say analysts
TheEdgeMon, Jul 15, 2024 02:00pm -



Analysts including PublicInvest Research plantation analyst Chong Hoe Leong are maintaining their “neutral” call on the plantation sector,


Chong says demand for palm oil is likely to remain steady in 2H2024, unless it is disrupted by unfavourable government policies like the European Union Deforestation Regulation (EUDR), which comes into effect on Dec 30 this year.

He says the new regulation will require companies importing products made from wood, cattle, cocoa, coffee, palm oil and soy to obtain a “due diligence” statement that confirms the goods were not derived from deforested land or links to forest degradation.

👉“Local refiners who want to export to the EU will only source for Roundtable on Sustainable Palm Oil (RSPO)-certified CPO.
“Currently, 25% of the world’s palm oil production is RSPO-certified. In Malaysia, only big growers produce RSPO-certified palm oil. That’s because, due to the hefty processing costs involved, the adoption of RSPO certification in Malaysia is still low. This could have a severe impact on the local plantation players as they might need to compete for refiners who have accessibility to other markets,” adds Chong.




Jaya Tiasa Holdings Berhad - Oil Palm & Wood Based Products

All our plantations are Malaysian Sustainable Palm Oil (MSPO) certified. Discover More. MSPO & MSPO SCCS Certified Mills and Plantations. All our CPO mills and ...

Hoho Repost :


Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍


Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 years.


按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年

Hoho latest one Shl be competitive Soybean oil prices esp after US cut interest rate .


Posted by jjohnchew > 17 hours ago | Report Abuse

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

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 % .

> Accumulated Profit :
March 2016 = 55,453,000 … > June 2024 = 369,116,000 .

Jaks 👉👉👉

2QR ended June 2023 :

> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )



>> Accumulated Profit on 3QR ended September 2023 : 350,327,000


👉 》〉Accumulated Profit on 4QR ended December 2023 : 348,126,000


👉 Accumulated Profit on 1QR ended March 2024 : 361,786,000

Jaks non current asset


Refer QR ended March 2023 :


Non Current Assets :


PPE. 273,041,000


Investment Properties 594,321,000


Investment in Joint Venture. 829,105,000



—

Refer QR ended June 2023 :



Non Current Assets :


PPE. 278,626,000

Investment Properties 590,929,000

Investment in Joint Venture. 861,417,000


===


Note : Compared 2QR to 1QR >>


A) PPE : increased RM 5,585,000 👍


B) Investment Properties : Decreased RM 3,392,000 👍


C) Investment in Joint Venture. : Increased RM 32,312,000 👍

—-

Refer 3QR ended September 2023 :



Non Current Assets :


PPE. 299,238,000

Investment Properties 587,546,000

Investment in Joint Venture. 897,378,000

—-

Jaks

Refer 4QR ended December 2023 :



Non Current Assets :


PPE. 296,599,000

Investment Properties 584,206,000

Investment in Joint Venture. 904,495,000

—

>> 1QR ended March 2024 :

Non Current Assets :


PPE. 294,107,000

Investment Properties 587,948,000

Investment in Joint Venture. 936,836,000


——



Jaks non current asset :

Investment in Joint Venture:

QR ended

> March 2016 = 128,297,000

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000
( note : Profit from Construction of the Power Plant is ard RM 400 Million .. Final COD on January 2021 )

> March 2022 = 748,656,000

> March 2023 = 829,105,000

> September 2023 = 897,378,000

> December 2023 = 904,495,000

> March 2024 = 936,836,000

> June 2024 = 943 ,960,000

An illustration:

QR ended June 2024 :

Share of Profits + Dividend = RM 35 ,000,000 to USD = USD 7,499,000

👉75 % Loans of USD 1.87 billion , started repayment on 2021 with interest 10 % .

2022 : Loans Balance = USD 1,683,000,000

2023 : Loans Balance b/f = USD 1,496,000,000

👉2024 : USD to VND is Depreciated 4.42 % … Savings from Loan repayments = USD 8,265,000 compared to USD depreciation to RM on share of Profits + Dividend = USD 632,000.( Less ) .

Hoho copied n posted from other forum :

DeoGlov Like · Reply
Jhdp dividend payout 14mil to Jaks.
3 weeks ·

Yan Long Tan
any effect ? .....
Like · 3 weeks ·

DeoGlov
The dividend remittance used to be once a year especially end of the year. So currently it has been 2 quarter consistently.
Like · 3 weeks ·

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


👉USD to RM

July 2024 : 4.66721

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

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 .

👉 as the latest 2 months July to September 2024 , USD to VND is Depreciated 4.42 % shl be benefited on the USD loans repayment.

Hoho interesting lo to compare latest Financial Ratios of these 3 companies:

1.) Jaks

NTA : 0.59
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.76 %



2.) Samaiden

NTA : 0.32
Current Ratio 2.37
Debt-Equity (DE) Ratio 0.73
FCF Yield -5.2 %


3.) Solarvest

NTA : 0.40
Current Ratio 0.27
Debt-Equity (DE) Ratio 1.23
FCF Yield -1.39 %

No wander Solarvest oredi issued PP for CGPP project :

Potential Funding May Be Raised By Placement Exercise For Solarvest’s LSS5 Assets
By K. Harinderan -
June 4, 2024

Another private placement exercise may be in store for Solarvest Holdings (SLVEST) to  fund potential LSS5 assets.
Kenanga Investment Bank (Kenanga) today (June 4) said, while being mindful about the  potential earnings dilution, recurring incomes from solar assets  could strengthen its earnings visibility and stability.
Meanwhile, it  guided for PV system EPCC jobs under Corporate Green Power  Programme (CGPP) to hit the market this month.

Kenanga maintains their forecasts, TP of RM1.91 and OUTPERFORM rating for SLVEST.

In April 2024, Solarvest announced a Proposed Private Placement with expected gross proceeds of up to RM56. 7 million. The bulk of the proceeds, RM40. 5 million, are earmarked for capital expenditure on CGPP and C&I rooftop solar projects.

Update : 👉But based on The PP shares listed on 23/5/2024 , 20,150,000 unit at RM 1.42 = RM 28.6 million.

Still able to issue PP to fund potential LSS5 assets ???

As posted earlier:

LSS5 2000 MW Solar Tender:

1.) Saimaden :100 MW tender .

2.) Jaks : 200 MW tender ( intention up to 500 MW ) .

3.) Solarvest : 500MW initiatives ??

4.) Gading Kencana ?

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

FYE2023 BOD holding % :

1.) CEO : 13.79 %
( 2017 : 9 % )


2.) Dato’ Razali Merican : 0.49 %

———-

Ang Lip Chee : 0.48 %


Ang Ken Seng : 0.44 %


Etiqa Life Insurance: 0.74 %


Lembaga Tabung Haji : 0.38 %


Salcon Bhd. : 0.34 %

Jaks Partner in Vietnam Power Plant 1200 MW EPCC RM 8.7 billion, CPECC ( 70 % ) background:

A.) RENEWABLE ENERGY PROJECTS
 
1. 2,200 Renewable energy projects
2. 70,000MW Capacity of renewable energy
3. 25% Percentage of total renewable energy capacity in China
4. 216 Provincial or higher-level awards
 

B.) HYDROPOWER PROJECTS
 
1. 25 Hydropower projects
2. 4,500MW Capacity of hydropower energy
3. 35 Provincial or higher-level awards


C.) FOSSIL FUEL POWER PROJECTS
 
1. 1,000  Fossil fuel power projects
2. 290,000MW Capacity of fossil fuel power
3. 75% Percentage of total fossil fuel power capacity in China
4. 725 Provincial or higher-level awards


D.) NUCLEAR POWER PROJECTS
 
1. 42 Nuclear power project
2. 23,000MW Capacity of nuclear power
3. 91% Percentage of total nuclear power capacity in China
4. 14 Provincial or higher-level awards

Oh the Moat of Jaks is the Vietnam JV Power Plant 1200 MW EPCC RM 8.7 billion where as Toyo Ink is unlucky it’s Vietnam Power Plant project contract awarded on 2020 is terminated on 2024 due to Financial arrangements.

And also Solar RE .

—

There are five types of moats:
* Low-cost production;
* High switching costs;
* Network effects;
* Intangible assets;
* Efficient scale.

Why I am recommending Jaks .. “ Buy Low Sell High “ :


1.) Jaks : Price RM 0.14 ( Lowest = RM 0.12 )

NTA : 0.59
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.76 %



2.) Samaiden : Price RM 1.09

NTA : 0.32
Current Ratio 2.37
Debt-Equity (DE) Ratio 0.73
FCF Yield -5.2 %


3.) Solarvest : RM 1.51

NTA : 0.40
Current Ratio 0.27
Debt-Equity (DE) Ratio 1.23
FCF Yield -1.39 %

And Jaks has 2 Cash Cow Projects after being successfully diversified into Power Plant n Solar RE industry :

1.) Vietnam JV Power Plant 1200 MW EPCC RM 8.7 Billion, is COD on January 2021 with 25 years BOT agreement.

2.) LSS4 50 MW Solar Project in Penang is COD on August 2023 , with 25 years TNB PPA agreement ( increased from 21 years) .

3.) On going project : CGPP 30 MW is awarded on August 2023 , construction Shl be started by 4Q 2024 , COD by 4Q2025 .

800 MW CGPP winners can choose their own customer / company.. n sell RE electricity cross border… ( not like LSS4 the only Off- Taker is TNB ) , but use TNB power grid as Third Party Access , Mulling charges is announced on August 2024 , CRESS details is to be announced by September 2024 .( Standby charges or storage charges is not announced yet … as consistent n non consistent supply shl affect the Power Grid loading factor .)

One of the reasons why Jaks signed MOU with a China company to explore the 3 types BESS opportunities.. Battery Energy Storage System.

And

> Jaks Gearing Ratio is reduced from FYE2015 : 0.80 X to 0.303 X on QR ended June 2024 .

> Jaks Non Current Asset is keep increasing:

a.) Investment in Joint Venture :

March 2016 = 128,297,000 …> June 2024 = 943 ,960,000

b.) PPE : March 2016 = 19,269,000….> June 2024 = 291,602,000 .


> Accumulated Profit :
March 2016 = 55,453,000 … > June 2024 = 369,116,000 .


And Tendering 200 MW , LSS5 2000 MW Solar Project as posted earlier. ( with Intention to tender up to 500 MW ) .

Hoho I learned from ethical Sifu 3iii on his posts during debated together against Calvin in Netx on 2020 for 15 months n in TSH on 2024 :

As I am always posted :

Remember Do 3 Own : Own Homework, Own Analysis and Own DecisionS as only you know your Risk level and Holding power .



DecisionS: is changed Upon new information, new facts n figures.

>

What is the moat of a stock?

I had googled to further understand it ..

The be simplified n bottom line :

> The best way to determine whether or not a company has a moat is to measure its return on invested capital (ROIC).

Eg : Nestle Malaysia:

ROE (ROIC: 59.2) 85.93 %
Dividend Per Share (DPS) 268.0 sen
Dividend Yield (DY) 2.64 %

Those whom bought 15 years ago shl be benefited the most .

But do you think is a Best Buy now ???

> The latest News on Nestle :

What went wrong for Nestle CEO Mark Schneider
By Reuters
August 27, 2024 @ 8:05am


LONDON: Mark Schneider, Nestle's recently ousted CEO, steered the world's biggest food maker through the COVID-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation.
So when did he lose the board's faith?

While Nestle declined to comment on the nature of his departure when announcing it on Thursday, and Schneider did not respond to a request to do so, three sources told Reuters on Friday that the executive had been axed.

One source said the decision was reached after Nestle's board became increasingly concerned about weak sales growth. They also cited worries about slowing product development, with new and revamped products taking longer to be devised and rolled out.

On Dutch Lady ( Malaysia) :

ROE (ROIC: 19.52) 19.52 %

—/

Ethical Sifu 3iii recently recommended Kimloong compared to TSH :

Current Ratio 3.44
Debt-Equity (DE) Ratio 0.32
FCF Yield 8.19 %

ROE (ROIC: 16.4) 17.08 %
Dividend Per Share (DPS) 13.0 sen
Dividend Yield (DY) 5.46 %

Hoho interesting lo to compare latest Financial Ratios of these 3 companies:

1.) Jaks

NTA : 0.59
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.76 %



2.) Samaiden

NTA : 0.32
Current Ratio 2.37
Debt-Equity (DE) Ratio 0.73
FCF Yield -5.2 %


3.) Solarvest

NTA : 0.40
Current Ratio 0.27
Debt-Equity (DE) Ratio 1.23
FCF Yield -1.39 %

No wander Solarvest oredi issued PP for CGPP project :

Potential Funding May Be Raised By Placement Exercise For Solarvest’s LSS5 Assets
By K. Harinderan -
June 4, 2024

Another private placement exercise may be in store for Solarvest Holdings (SLVEST) to  fund potential LSS5 assets.
Kenanga Investment Bank (Kenanga) today (June 4) said, while being mindful about the  potential earnings dilution, recurring incomes from solar assets  could strengthen its earnings visibility and stability.
Meanwhile, it  guided for PV system EPCC jobs under Corporate Green Power  Programme (CGPP) to hit the market this month.

Kenanga maintains their forecasts, TP of RM1.91 and OUTPERFORM rating for SLVEST.

In April 2024, Solarvest announced a Proposed Private Placement with expected gross proceeds of up to RM56. 7 million. The bulk of the proceeds, RM40. 5 million, are earmarked for capital expenditure on CGPP and C&I rooftop solar projects.30 May 2024

LSS5 2000 MW Solar Tender:


Hoho interesting lo :

1.) Saimaden :100 MW tender .

2.) Jaks : 200 MW tender

3.) Solarvest : 500MW initiatives.

4.) Gading Kencana

Hoho interesting lo , MIDF Research an article on LSS4 with cost RM 2.0 million to RM 2.5 million per 1 MW .. with tender tariff as low as RM 0.14 per kWh .

But it’s research stress on Solar Panel with efficiency 16.7 factor .


Update relevant info :

The LSS4 programme saw 30 winning bidders in total, comprising 10 projects of 50mw each, and 20 projects of between 10mw and 29.99mw. According to the EC website, only 11% out of the 823mw awarded has been completed as at 4Q2023.

An industry source says a number of companies had dropped out from the LSS4 programme, while many have missed the end-2023 COD.

👉No wander LSS5 2000 MW tender RFP dateline is brought forward to 25/7/2024 from December 2024 .

>>>

👉👉👉(TNB) was raised to 21.8 sen per kilowatt hour (kwh) effective August 2023 .

Meanwhile, the system’s marginal price under the New Enhanced Dispatch Arrangement (Neda) wholesale market is averaging about 25 sen per kwh as at June 2023, which is “a decently large premium to LSS4 winning bids of 18 to 20 sen per /kwh for 30-50MW packages,” .


Illustration with TNB 21.8 sen per kWh .

Bids 18 Sen per kWh : Profit 21.11 %

Bids 19 Sen per kWh : Profit 14.74 %

Bid 20 Sen per kWh : Profit 9.0 %

Jaks 50MW LSS4 50MW project with cost RM 200 million , ie RM 4.0 million per 1MW ) in Penang is among the 1st which completed n COD on August 2023 .

3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18.11 %


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉Note 1 : Revenue shl be vary due to Rainfall season

Hoho the gimmick on how Jaks finance its 30 % share capital investment, RM 600 million:

1.) Cash RM 200 million

2.) Profit from EPC2 construction contract RM 400 million.

So far Profit from 30% associate Joint Venture Vietnam Power Plant 1200 MW company from October 2016 to June 2024 :

> 400 million + 597 million = RM 997 million.

Jaks

1.) Vietnam Power Plant Share of Profit n Dividends :


2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )


2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .


2022 : RM 156.2 million , Dividend RM 70.0 million


2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M

2023 : RM 131 million , Dividend RM 27.385 million


Total Share of Profit = RM 431.703 Million

Total Dividend = RM 97.386 Million

Total = RM 529.089 Million

> Share of Profit in QR ended March 2024 =
RM 32.384 million

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉Grand Total = RM 597 million.👍


Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction of the Vietnam Power Plant, EPC2.)

Initially PayBack 8 to 9 years ..

Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..

👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 ,
Payback period is 8 years.


按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年

Hoho 200 MW to 500 MW , the gimmick is on the Solar Panel :

“a 1 MW solar power plant with crystalline panels (about 18% efficiency) will require about 4 acres, while the same plant with thin film technology (12% efficiency) will require about 6 acres.

Hoho interesting le , YTLpower acquired Land from Boustead Plantations Berhad 1640 acres for its Kulai 500 MW Green DC Park .

Jaks lease TDM land 1730 acres for tendering 200 MW LSS5 2000 MW Solar project… 200 MW to 500 MW !!!