Ya, I didn't say that JAKS is bad or good enough. Just my personal view.

And don't just skip the local property business which is still bleeding non-stop.

Let us say its property business posted loss-making RM10 mil per quarter, whole year profit for JAKS should be

RM140 mil - RM40 mil = RM100 mil. Based on 10 PER, TP RM1.50.

In 2018, Vinh Tan 1 unit 1 was operated 179 days and unit 2 was operated 35 days.

In 2018, 中国南方电网 which owns 55% in Vinh Tan 1 earned RMB124,505,650 in this power plant.

So for whole year, 中国南方电网 which owns 55% in Vinh Tan 1 should earn RM124,505,650 x 3.4 = RMB423,319,210.

So how much JAKS which owns 30% in Hai Duong?
The answer : RMB423,319,210 / 55 x 30 = RMB230,901,387.

In ringgit, whole year profit for JAKS which owns 30% in Hai Duong is
RMB230,901,387/1.65 = RM139,940,234.

Just my own calculation. Just a rough estimate.

Posted by elbrutus > Mar 19, 2020 1:30 PM

mplus123...can show your back up analysis with facts n figures eh...if not pls .....?????

If local property business still bleeding. Then profit should be below RM100 mil per year. Based on 10 PE, TP RM1.50 but you must hold more than 1 year and wait for market to rebound.

I repeat, net profit for whole year should be RM140 mil.

NOT RM240 mil or RM300 mil.

Based on my own calculation on Vinh Tan 1 2018 net profit, the whole year net profit for JAKS in 2021 should be RM140 mil only, NOT RM240 mil.

Left COMFORT still under 20 PE. Just compared COMFORT with RUBEREX. Both of them are small cap & rising stars in glove industy.

5.55 sen x 20 = RM1.11
5.55 sen x 30 = RM1.67

https://klse.i3investor.com/files/my/blog/img/bl3557_20200128.png

Left COMFORT still under 20 PE. Just compared COMFORT with RUBEREX. Both of them are small cap & rising stars in glove industy.

5.55 sen x 20 = RM1.11
5.55 sen x 30 = RM1.67

https://klse.i3investor.com/files/my/blog/img/bl3557_20200128.png

Left COMFORT still under 20 PE. Just compared COMFORT with RUBEREX. Both of them are small cap & rising stars in glove industy.

5.55 sen x 20 = RM1.11
5.55 sen x 30 = RM1.67

https://klse.i3investor.com/files/my/blog/img/bl3557_20200128.png

Left COMFORT still under 20 PE. Just compared COMFORT with RUBEREX. Both of them are small cap & rising stars in glove industy.

5.55 sen x 20 = RM1.11
5.55 sen x 30 = RM1.67

https://klse.i3investor.com/files/my/blog/img/bl3557_20200128.png

c69 good also. Lowest price premium among them but expiry date on 28 Feb 2020.

c77 better, expiry date on 30 Sep 2020, price premium 11.84%.