Tomorrow cross RM1.6 liao....

KUALA LUMPUR: Malaysia Airports Holdings Bhd ’s (MAHB), including its Istanbul operations, recorded a 7.8% increase in August 2017 with 11.4million passenger movements, boosted by higher number of international passengers.

It said on Monday international passengers rose 15.8% with 5.5 million passengers in August while domestic passengers grew by 1.3% to 5.9 million passengers.

Sell AA buy AAX tomorrow?


Read more at http://www.thestar.com.my/business/business-news/2017/09/11/malaysia-airports-records-11pt4m-passengers-in-august/#uIGR7QqplrUzHcGl.99

Expected weak earning, run before price drop below RM1.

Visited and nothing special.
No wonder share price dropping like waterfall even before opening.

Good luck to Penta shareholder tomorrow.

Tomorrow RM0.005.
Good luck to those still buying, better burn money using lighter, at least can sense it.

Revenue only RM6.5M, with loss RM4million.
Still got people dare buy,lolzzz.

Bye bye genting tomorrow, panic selling.

What happen to your palm counter like Dutaland?
Now shift to Poh Huat?

Crazy EPS also sell, shareholders really hate Thong Thong, lolz.

KYY still got follower now? lolz.

Can i offer Thong RM1 to buy all 100% Insas share?
100% win strategy.

No experience in trading before yet can 100% track record.
Do u wan to replace warren buffet?
Even warren buffet also made mistake.

Good luck to those chase today after UOB initiate buy call.

BDI up also useless la, EPS still negative.
Why still waste time here?

Before 5pm alr know got UMA, now only want post,sleeping?

Insas good earning also cant up much, FM not interested with Thong counter.

Ang must be kena burned gao gao, check back your strategy.

All exporters, RM getting power now, what will happen to KC portfolio?
Market bullish but ROI going down?

Bye bye tomorrow.

Si fu top pick masuk longkang.

Buy buy, everyone rush buy Ekowest !!!
zzzzzz.

KIM holland pick.

Can escape at RM1.1

RM1.23 to RM1.03, drop of 16%, would drop until that terrible?

Weak eps + private placement, how to run?

Jaks....emerging jewel

Author: stockmanmy | Publish date: Fri, 13 Jan 2017, 02:35 AM

Background

Jaks broke out of its tight trading range on 10 Jan 2017 , the day Public Bank Research initiate d coverage on Jaks with a Buy recommendation. It has been trading at a high volume since.

Full report here.....( to be read in conjunction with this article)


http://klse.i3investor.com/blogs/PublicInvest/113441.jsp



It is also the primary source of much that follows below.
.

Background of the Company.

Known as a pipe manufacturing company.

But in recent years has successfully transformed /
transforming itself into an Independent Power Producer (IPP) and construction company.

Also ventured into property development with the Evolve Mall and Pacific Star Condominiums but property development will be playing a lesser role in future

IPP

This is a 30%/70% JV (US$ 1.87 billion project) between Jaks and China Power Engineering Consulting Group Co Ltd (CPECC) for the BOT ( Build Operate Transfer) of 2 X 600 Megawatts Coal Powered Electricity Plant in Vietnam.

The JV company has secured US$1.4bn (c.RM5.8bn) in financing, or 75% of project costs. Works have commenced in 2QCY16, with the first phase to be completed by 2020
Bank borrowings , already secured 70% US$ 1.4 billion
Equity 30% US$ 470 million


The technical EPC works will be awarded to CPECC while Jaks would be responsible for non-technical civil works worth US$ 454.5m. The job is expected to enjoy margins of c.20% PAT, which we understand that most of the EPC gains expected to be redeployed into the JV company that would ease the capital requirement upfront.


EPC: Engineering, Procurement and Construction.


Fundings for the JV

Jaks 30% stake US$ 140 million
Already invested US$ 30 million
To be invested US$ 110 million
Gains from EPC US$ 91 million
Balance needed US$ 19 million to be funded by proceeds from its proposed disposal of non-core assets.



Gains for the EPC over 4 years is US$ 91 million

Averaging US$ 22.75 million ( about RM 100 million p.a.) will be added straight to the Profits After Tax of Jaks from 2017 to 2020. This way of financing / structure allows Jaks to show immediate financial gains from FY 2017 ( in fact, some already accrued in FY 2016)




Value Added

Direct addition to the worth of Jaks as follows:

Hai Duong IPP - FCF NPV at 12% equity cost is RM 1.096 billion
value to Jaks @30% $ 329 million (or 75 sen share)

gains from EPC Contract US$ 91 million or $ 409.5 million
discounted value to Jaks $ 298 million (or 68 sen per share)

This JV alone adds $ 1.41 per share to the value of Jaks based on discounted cash flows projections over the life of the the EPC and the IPP. In other words, based on projections, the NPV of Jaks has increased by $ 1.41 as a result of this project

Technical and timing considerations

Jaks reached a high of $ 1.30 end 2015, then retraced to bottom at 84 sen by mid 2016., due to the disappointing interim results of the first two quarters. The share has been trading at a tight range since mid August at around $ 1.05 and a few days ago suddenly broke resistance and have been trading at high volumes since then. The obvious catalyst is the initiation report by PBR giving a buy recommendation with TP $ 1.50.

Looks like a good technical buy position right now.

Financial wise, it reported good set of figure for the Q3 ended Sept 2016 with record revenue of $209 million and earnings of $ 13.8 million and eps of 3.1 sen in spite of losing $ 12 million on property development / investment divisions. This is the first time, effects of the EPC is starting to be reflected in the accounts. ...More to come, much much more of the EPC throughout 2017 and beyond.

It is possible a new re rating has just started . Not many have known about the jewels within. This could be the catalysts for the share out performance.


Construction division

Order book

EPC from the JV $ 1800 million
Suke 500
Pipe laying and other infrastructure works 600

Total $ 2900 million

As can be seen from here, the Company is also very active in getting local construction jobs.

Jaks also has a tender order book of more than $ 2 billion.



Balance Sheet Review



As at Sept 2017

NTA $ 1.20

Net borrowings $ 414 million Net gearing 68%

Investment properties $ 447 million
Property Development cost $ 296 million

These to be liquidated as much as possible




Shareholdings.

NOSH , 438 million of which the Directors holding at April 2016 is only 13.1 %. Of the 30 top shareholders, almost

Thanks to stockmanmy introducing Jaks to all of us.
Let see who run faster tomorrow.

Big boys purposely block Gamuda from crossing RM5.
Reason they are boycotting certain party.

Closing RM2.25 later.

China steel exports fall from record in relief for global steelmakers

http://www.thestar.com.my/business/business-news/2017/01/13/china-steel-exports-fall-from-record-in-relief-for-global-steelmakers/

High selling volume last friday, game over for Hibiscus.

Sell, over-bought.

Wow, all exporters, how if USD weakening?
Do you practise portfolio diversification?

Pharmaniaga is different, easily gao tim.
Hovid gone case.

Satisfactory long term return is? 8-10% per annum?

KC, do you mind to expose, do your portfolio over RM1M?
TQ.

Haha, u think the buyer stupid bought so much at RM1.9.
Those bought shall know something we dont know.

What a shame to AA.
If AA listed in other country, already exceed RM10B market cap.

Why latitude and magni not in the list?

Why all unknown name? 2017 competition like not exciting.

Do u really hold that long for above portfolio or just for case study?

up like hell already, just wan to promote.
Wan retailer help this fellow push.

Going to break RM1.7 this week.

Game over for Magni.

Puspakom can trust mer, got money can settle ma.

Haha, just tell us both of your stock pick for 2017.
OTB VS STOCKMANMY, c who got higher ROI.

Mind to disclose your ROI in 2016?

Probably below RM0.5 sen only EPF may consider.

Still got few stupid funds in FGV like PNB, KWAP and Tabung Haji.