Philip:- I agree that the management should do more to boost investors confidence. In any event, having a power plant should generate good profits for JAKS.

CT:- You're right. That's why Im still holding on to JAKS even though Im already seating on a paper profit of 80%.

I believe JAKS has the potential to hit at least RM2.50 by end of this year or early next year.

Philip:- Being optimistic is one thing, but being realistic guided by facts and figures is another.

I don't know why you keep accusing me of saying that the CFO/PBB analyst/Hong Leong is wrong. I never said that! Please don't bring up ad hominem arguments and falsely accuse of attacking others as liars.

What I'm saying is that we shouldn't trust anyone whole heartedly and should based our investment decisions on facts and figures. I've already stated that my decision to stick with JAKS is based on the financial results of Vinh Tan which earned 684 million in 2019. These are FACTS and not some wishful thinking.

Perhaps you should try to rebutt this piece of information first as to why I shouldn't rely on Vinh Tans earnings as a guide for JDHPs and perhaps I will consider your views.

I've not seen the PPA agreement. Have you?

Philip:- Another thing that you said is that the CFO sold all his holdings at 80 cents and left the company. So, my question back to you is, just because the CFO sold all his shares at 80 cents, does that mean we should also do the same? After all, he is the CFO and has inside information so if he sold all his shares at 80 cents means we should do likewise?

Well, I guess he lost a lot of potential profits because JAKS soared to as high as RM1.54. It would have gone higher had it not been for the COVID-10 crash..

Philip:- Don't accuse me of saying that the BOD is lying man! All I did was ask from DK66 on confirmation whether the BOD did claim that the said profits was between 84 to 100 million. I'm not sure whether those claims are true.

Another thing, isn't asking the CFO about sensitive information that has not been made public to other investors an attempt on insider information?

I've not met any of the BOD in person nor attend the AGM but OTB who has personally spoken to ALP and personally toured the power plant is very optimistic about the prospects.

Coupled with reliable data and earnings from Vinh Tan 1, Im OK with my decision to stick with my estimates.

In any event, I believe there is still a lot of upside for JAKS to run, how far it will go is anyone's guess..my conservative estimate would be RM2.50 to RM3.00.

Because of this I think it makes sense to estimate that most likely JDHP would generate similar earnings as Vinh Tan.

Philip:- Thanks for the input. I agree that we should use conservative figures but at the same time, those figures must be realistic.

The entire basis of being optimistic about JAK's earnings potential isn't based on blind optimism or wishful thinking, but on the fact that we already have facts and figures generated from the financial report of Vinh Tanh power plant which is similar to JDHP.

The conservative figures that have been claimed appear to be well below what Vinh Tan is generating. Why on earth would the Chinese banks land money to build a power plant that is more expensive than Vinh Tan when they know they will be earning less than half of what Vinh Tan is currenty earning? Does that make any business sense?

johnmasino:- if you can't back up your silly claims in light of solid, concrete evidence from Vinh Tan's earning, then I have nothing to say to you..

qqq33333333:- don't be a coward and answer my question:

Why the hell would JDHP earn less than half of what Vinh Tan is earning when JDHP costs more to built?

Why should JDHP's earnings be just a paltry RM100 million when according to Vinh Tan's annual result, JDHP could very likely generate a similar result!

Thanks DK66. I'm not an accountant but I have a lot of common sense and can see why peer comparison is very reliable. Kudos to you!

So using Philip's logic of using the most conservative figure in the alleged claims of absence of concrete evidence, the PBB analyst was bloody dead wrong when he overestimated JAKS shares by more than 500%!!! LOL...AHAHAAHAHA

The PBB analyst should be shot for misleading so many people into buying JAKS even at RM0.40 when according to BOD's guidance, JAKS profit is just a paltry RM14 million with JDHP's profits..


AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!

Joke of the Year..LOL

So according to Philip's assessment, we should use the most conservative figure of net profit of just RM14 million which means that JAKS is just worth RM0.21 at PE of 10..LOL


AHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA...

Joke of the year!..

JAKS just worth 21 cents with JDHP's profits..LOL


AHAHAHAHAHAHAHAHAHAHAHAHAHA

DK66:- Thanks for the article. Would be most grateful if you could address the matter raised by sslee where he claimed that during the 2019 AGM, the BOD claimed that the 30% profit from JDHP would just be a paltry 84 to 100 million. Thanks!

keechungwong54:- Better still, sell all your JAKS shares come Monday and buy KPOWER! Help sorchai's like qqq33333333 hit his TP of RM3.01..LOL

keechungwong54:- Then sell all your JAKS shares and don't bother us anymore with baseless, unfounded assumptions of your ridiculous TP

qqq33333333:- sslee's calculations are NOT CERTAIN and error-free! He isn't even sure which number is the correct one! He is basing his entire calculations on assumptions/estimations which could be WRONG! His estimates are NOT INFALLIBLE!

What is 100% CERTAIN and INFALLIBLE is Vinh Tan's annual result which according to DK66, generated RM652m in 2019! Now that is a FACT unless you want to say that the annual result posted is fake which is utter rubbish. The Vinh Tanh power plant is similar if not identical to JDHPs which means that logically speaking, JDHP should produce a similar result as it costs way more to built than Vinh Tan.

Now, answer this question with facts and logic:- why the hell would JDHP earn less than half of what Vinh Tan is earning when JDHP costs more to built?

Why should JDHP's earnings be just a paltry RM100 million when according to Vinh Tan's annual result, JDHP could very likely generate a similar result!

Second, show me when and where did the management said that JDHP's earnings is only RM100 million per annum! You are a liar who has grossly misled investors here! As far as I'm concerned, you're a complete idiot who lies through his teeth sprouting nonsense.

qqq33333333:- As far as I'm concerned, the fact that you bought KPOWER, an utter garbage of a stock at RM1.59 with a PE of 37X pretty much destroys any credibility you may have about advising anyone on anything.

You come to this forum and attack anyone who doesn't agree with your bearish view on JAKS. You try to insinuate that JAKS is overbought or not worth buying at the current price, yet you yourself admitted that you bought KPOWER at RM1.59, a garbage, loss-making company that was trading as low as 0.29 just months ago...LOL

People who bought at RM0.29 are now laughing at you for buying from them at RM1.59 because they already made 448% from sorchais like you who think that KPOWER can go to RM3.01! LOL!!!

DK66:- Looking forward to your next article.

I agree with DK66 that Peer comparison is one of the most reliable ways of determining the future earnings of JDHP.

With the 1st turbine just days away from kick off, it's all uphill for JAKS from here onwards.

Whatever potential negative news or uncertainties about JAKS have already been priced in.

For those who are doubtful, let me ask you one simple question:-

Why would the Chinese banks lend money to build a USD1.87 billion power plant which is more expensive than Vinh Tanh but only earning less than half of what Vinh Tanh is currently earning???

Does that make any bloody sense?? Why the hell would anyone lend any money to build something more expensive but earning way less than what they currently have???

If you think so, then I guess you're one idiot who shouldn't even be in the money markets.

DK66:- Cool...looking forward to it. Cheers!

I suspect the reason why JAKS price is stagnant is due to the flawed analyst report by PBB. If they correct their mistake as pointed out by EHome, the TP would be much higher and JAKS would be flying!

i3lurker:- KPOWER is not a turnaround company..more like a overpriced garbage company that has greatly exceeded its perceived/expected value..

At 1.88, it's trading at a PE of almost 36. At it's peak of 3.51, the PE is almost 60!

Compare that to AMAZON that is trading at a PE of 77. Which one would you buy? KPOWER of AMAZON?? LOL

Turaround or no, the bloody price screams STUPIDLY OVERPRICED/OVERBOUGHT!

LOL...

If there are stupid people who are willing to pay so much for a garbage company like KPOWER with no economic moat, imagine what could happen to JAKS if the PBB suddenly puts a high TP on JAKS.

Antifakeguru:- MINETEC is another garbage speculative stock...no investment value whatsover, just for speculators and traders to scam small fishes

sslee:- did qqq3 also lose money on his bets with JAKS? the fact that he constantly attacks OTB makes it look like he also lost a lot of money..LOL

Antifakeguru:- Then why dont you buy more KPOWER shares? I assume you must be another qqq3 clone..LOL

sslee:- WOW, didn't know you knew him personally. Yeah, I'm familiar with the name stockmammy. Seen him promoting some garbage stocks claiming they are good investments..LOL

His decision to buy a garbage, once penny-share and loss-making company like KPOWER pretty much speaks volume of his investment ingenuity.

Any wise person should avoid listening to him after this..LOL

DK66:- OTB also mentioned that the IRR should actually be 15% instead of 12% as per his comment to icon888 below. Any thoughts on this? Thanks.


Quote:-
OTB Dear Icon8888,
During the planning stage, the utilization hours used for planning purpose was 6,500.
After the plant is completed, the correct utilization hours used should be 7,238 (same as Vinh Tan 1 power plant). Hence IRR should be 15% instead of 12%.
7,238 utilization hours is confirmed by the management of Jaks to me after checking with CPECC engineers.
Please take note.
Thank you.

DK66:- sslee wrote an article about JAKS 12% IRR. What are your personal thoughts? Thanks!

sslee:- is qqq33333333 Koon Yew Yin? How many ID's does he have?

All dumb clowns here waiting to lose more money buying this shitty company...LOL

From 2010 to May 2019, KPOWER was trading between 0.29 to 0.80. All of a sudden, it spiked to 3.10 and you bought at 1.51 thinking it will go beyond 3.51???? LOL!!

This shitty company was making losses for many years and just because it made tiny profits in the past few quarters, you think it can go beyond 3.51???? LOL!!!!!!!!!

What a stupid, delusional thought..

At 3.51, PE is almost 60 for a shitty, loss making company!!

LOL

WHAT A STUPID, PIECE OF SHIT INVESTMENT!!

qqq33333333:- Ur the dumbass! People who bought at 0.29 would have already made 448% selling it to you at 1.59..LOL

Even if KPOWER rises to 3.10, ur profit would only be just 94%..LOL

But if KPOWER goes back to 0.76, half your investments would have already been wiped out..LOL

You bought KPOWER for a risk reward ratio of just 1:1?? LOL

Now thats what I call stupid! LOL

KPOWER at RM1.88 is trading at PE of 35 which is stupidly high. If there are clowns like you who can chase KPOWER all the way to RM3.10 at PE of 60, JAKS should also rise likewise..LOL

qqq33333333:- Ur the clown who is irrational. If KPOWER can rise from 0.29 to 3.1 in just 8 months, why shouldn't JAKS??

Since you said KPOWER is good, why don't you buy more shares of KPOWER now at RM1.88?

qqq33333333:- Are you the old, senile fart who recommended JAKS to the whole world saying that JAK'S IPP will make a lot of money? If you're, then thanks because I've already made more than 100% profit on my investment in JAKS and looking to make even more when it hit RM4/5/6.

On a separate note, I can see why you're apprehensive, delusional and bitter about JAK's prospects because you lost badly in JAKS.

Poor old man! LOL

huahtai98:- LOL..spot on! all the dumbass naysayers posting shitty, unfounded, ol news to scare people to sell at a lost so that they can buy back cheap..LOL

zeroth:- Thats for short term trader you dumbass! LOL..for long term investment, the TP is RM4/5/6..LOL..

Go kiss you dad's ass! LOL

Good stuff. Lets hope that PBB will correct their huge mistake

Good stuff. Lets hope that PBB will correct their huge mistake

Vietnam is so desperately in need of more electricity that it has to even buy electricity from neighbouring countries..

This means that once JDHP goes into operation, it will be operating at full capacity..

Vietnam power crunch threatens future economy

https://www.ft.com/content/7daf8bf6-d535-11e9-8367-807ebd53ab77

Vietnam’s government is scrambling to head off an impending energy crunch that threatens to bring blackouts within two years and hamper the near-term future of one of Asia’s fastest growing economies. 

Prime Minister Nguyen Xuan Phuc has warned that power shortages could come as soon as 2021, and ordered other officials to speed up stalled plant projects. At stake is the future of an economy that relies on energy-intensive manufacturing, and which is drawing a surge of new international interest because it is seen as a refuge from, and beneficiary of, the US-China trade war.

Vietnam will face severe power shortages from 2021: ministry

https://www.reuters.com/article/us-vietnam-energy/vietnam-will-face-severe-power-shortages-from-2021-ministry-idUSKCN1UQ11M

DK66:- LOL..Ignore those useless, lowlife scumbag speculators who create multiple IDs to attack others and spread fear! If you let them determine what you do here, they have already won! Just ignore these clowns! Cheers!

DK66:- Perhaps you should put your thoughts on EHome's findings in an article. Thanks!

DK66 & Ehome009:- Thanks for the input in pointing out a flaw in PBB's valuations. Damn those analyst! Maybe those idiots made the error on purpose so that they could slowly accumulate at low prices..LOL

DK66:- Check this out. Another great video on how the market responds to an onslaught of negative news..

https://www.youtube.com/watch?v=FcuimE_LnqQ

DK66:- Thanks for your past few articles. You're one of the few writer on i3 with integrity and honesty. Cheers!

DK66:- Yeah, but the warrant is supposed to move in tandem with the underlying stock..JAKS-WB should rise to at least 1 cent not go down...LOL..

Maybe later it might later catch up to the mother share..

DK66:- I read your article already but I wasn't expecting JAKS-WB to behave like this considering that JAKS still has a lot of upside to go i.e. RM4/5/6! Why should JAKS-WB be trading at such low price when JAKS still has a lot of upside?

On the 9th of April, JAKS and JAKS-WB highest price was 1.03 and 0.83 respectively. Today JAKS has gone up by 10 cents while JAKS-WB has gone down to 0.805! What the hell is happening?

DK66:- Why is JAKS-WB behaving weirdly? JAKS has gone up by 2 cents but the warrant has gone down by 1 cent! What the heck is happening? JAKS-WB is now trading at a gearing of 1.40!