Vivo Prince, thanks.for sharing.

Travestor,you are welcomed.

Travestor, please see my.comment in.mfcb forum. The energy sales is 35.1 million with a profit of 26.4 million.from the 85 MW line to Laos. A.very good gross margin of 75 %. Water is free . This number translate into 323 million per year . MFCB management and the IB s estimated 240 to 260 million.profit per year.

The gross profit margin for Energy sales is 26.4/35 .1 which is a hefty 75% . Where can you find such lucrative business with such margin. KYY repeatedly said he could not find a.better stock than dayang. In my opinion, mfcb is a better bet . First , it has a 25 year order book of 10 billions. Second a good gross.margin of 75 %. Third, an earning growth of more than 100 % this year compared with 2019. Fourth, mfcb is expected to reward.shareholder.with.good dividend .

Genius Tinker, the above estimation is strictly.from eneergy dales . I knew the.one off adjustment of project cost of 39.4 million.

The Reds and Probability, the ptetax profit of rm 29.7 million is from B1 of the report. However, from.B2, the pretax profit from energy sales is stated as 26.4 million. When the power run full swing.of 260MW since 7 Jan 2020, the proportionate pretax profit from Don Sahong will be 260X26.4/85= 80.75 million. Whole year pretax profit will be rm 323 million. The first five years is tax exempted. Assuming the Resource and property division deliver another 20 million profit, total profit per year will be rm 343 million. This will translates into 76 s eps. The assumption is 450 million shares and excluding the fifth turbine.progress income. The projected 30 sen dividend per year is about 40 % of profit.

I expect.more actually. like 100 million. Anyway, it is a record profit not only for the qtr but for the whole year of 2019. Cheers 。 Dividend of 6 s is.
also the highest since 2012. Hopefully second half dividend will be 24 sen to give a total of 30 s.. Tomorrow will explode.

rr88, as I said earlier ,our klse index was already very low. How low can it go? Dow is Dow which had grown more than double.in the last 8 years .KLSE was at 8 year low. It will not be affected by yesterday Dow plunge.

RedEagle, Sebagai pemimpin.yang tertinggi di sesuatu negara, apa yang penting bukan.kemenangan pemimpin sendiri sahaja tetapi kemenangan rakyat keseluruhan. Sejarah.akan mengukur kepandaian atau kebijaksanaan pemimpin dengan kejayaan dalam bidang ekonomi, kehidupan rakyat , keselesehan . Malaysia hingga hari masih tidak dapat mencapai status High Income Nation.sejak 30 tahun.Tun manganjurkan Vision 2020. Apa gunanya, kepintaran hanya untuk sendiri bukan untuk seluruh negara .

Latest news . DR M.resigned, Bersatu quit harapan , Azmin and 10 others from quit PKR.

Kenken and The Reds, a big number of mfcb investors including myself are awaiting a dividend of 30 sen per year as predicted by public invest. I hope they will.announce it within.these few months.

kyy should not be too bogged down with his " golden rule " which put too much emphasis on qtrly result. The IBs or analysts not only look.at qtrly but half yearly ( 1H , 2H) or yearly.results. Manipulating eps between Q3 and Q4 does not change the 2H or yearly result of dayang. It only make him " syok" psychologically that Q4 is better than Q3.

rr88, since you are talking about bursa for your information, our composite index of 1530 is still.at 2007 level. No growth for 13 years. In fact it was negative growth fir the last few years

Although in my opinion,dayang performef very well.in 2019 with 42% earning growth , the next question is how much earning growth. do we expect in 2020 and is it reasonably priced?
I expect earning growth of less than 20%. With the current PE of 13.21, I think we have other alternative stocks which offer better potential returns than dayang

If you take 2017, 2018 and 2019 earnings as a whole, dayang has done extremely well . Exellent earning growth 。In fact ,dayang delivered record revenue of more than a billion and record earning of 236 millions in 2019. Only when you use kyy s flawed golden rule, it made dayang appear to be bad. Forget his golden rule which is not practical.and had serious flaw.

With the release of dayang Q4 2019 result , kyy is trapped by his own golden rule . The Q4 result of eps 7.99 s is worst than Q 3 11 s . Knowing Q1 2020 is a monsoon qtr, the eps will be worst off than Q4 2019 。The above 2 conditions will warrant a sell call if kyy is to stick to his own golden rule. If you look at whole year result, 2019 eps has a growth of 43 % which is exellent . As I mentioned in my eatlier comments, kyy golden rule is too short term and not applicable to companies with big seasonal earning fluctuations. His rule need to be modified to one year earning rather than qtrly earning so that real and actual performance can be reflected. I named the rule as platinum rule. With the 4.5 billion order book, I believe dayang next year earning will be better than 2019. This will meet the platinum rule and does not warrant a sell call. This is my 2 sen opinion.

Vin3133, you are right, I am lucky in mfcb and dayang . I have sold my all my dayang and put my ficus on power plants in.mfcb and jaks.

Vin3133, I may not be as lucky as you and others, I started buying in Oct 2019 after reading DK several reports. I started at 82.5 sen and averaged up till 1.30. Me and family.bought quite substantial and still holding on to it . This is my second highest holding after mfcb. I believe both stocks still have room.to grow further.

steady31, if you take the reference prices at the beginning of oct 2019, both dayang and jaks had double their market prices. Dayang up from 1.50 to 3.00 while jaks jumped from about.75 sen to 1.52. Dayang result is expected to be out today. We expect an annual yoy improvement of 60 to 70 % improvement in earning from 2018 to 2019.
Jaks result will also be out soon, we expect yoy improvement if 650 % improvement. What is more important is comparing 2020 and 2021 projected earning with 2019 earning 。As for Jaks, we expect a 30 % earning improvements in 2020 and 100 % improvement in 2021 based on otb earning esimates in his article dated 31DEC 2019. I doubt dayang can have such double or triple digitd earning growth in 2020 and 2021 respectively.

kenken85, ya, mfcb forum is not as exciting as dayang or jaks . The Q 4 result will be out soon. According to both public invest and maybank, Q4 2019 will.deliver a bumper earning due to one off lower project cost adjustmentb of about US 35 million plus revenue of about RM 12 to 25 million from selling electricity during testing .These one off item alone are more than rm.100 millions. You will jump up from your sleep.haha

ccy123, haha ,that is kyy trademark and copyright.

With another few days or a week, Q4 2019 result will.be out. Both OTB and DK estimated 22 m profit. This will make the whole year profit of 113 millions for 2019. KYY. has his golden rule.in.stock.selection. I modified his rule to annually instead of qtrly. My platimum rule is this year profit must be better than last year and.next year profit must be better than this year.Beside, PE must be less than 10. Applying such rule on Jaks . The 2019 profit of 113 mollion is way above the 15 million profit in 2018.The annual yoy profit is +653 %. Next year ( 2020) profit is estimated to be about 150 million which is higher than 113 million when we ecpect the power plant to be commercially operational in.2H of 2020. .The PE is.about 8 at current price of 1.52. Jaks meet the criteria of my modified platimum rule.

SSLee often come to.rescue with facts and tools whenever there is some arguments or controversies in.i3 forum . I remembered how he silenced kukuman when.he produced kuku s 2 year old message putting rm.3 as Jaks tgt price then . Since then kukuman.disappear from Jaks forum and.stop criticising DK. SSLee.is like Godess of mercy in.the Chinese classic Journey to the West. Whenever the sifu or diciples met some tough situation , she will appear and provide tools to solve the problem so that the journey will continue until they reach the.goal.

Wow., good news from otb. This coming analyst briefing.will be.different from.last times . Hope the.management.will provide more visibility.on.future earnings of the power.plant

Jaks had convincingly broke the first 1.29 resistance and then the 1.43 resistance. It look like today will break the 1.51 resistance .

MFCB is a.good stock.to hold.for long term . The past 18 years record showed mfcb had never lose money in any single qtr. The earnings.has.grown.from about 20 million.per year in 2002 to about 130 million in 2018, a 6.5x growth in.16 years. With.the expected.earning.of 250 million from the Don Sahong power plant, the earning.growth is 12x.which.is phenominal .This is translated to an annual growth rate of about 15%. With the expected 30 sen dividend per year, this stock.can attract more foreign institutional buyers.

latuk ,in my opinion, I still feel that OTB is right in.sending an email requesting forecasting of future potential earning of Hai Duong.power plant during the.next Analyst briefings after Q4 result is out. I do not think there is a mixed up on the duty of management as what you described. Well.you are entitled to your opinion . We are entitled to ours. Lets agree with.our dusagreement. I believe if the estimated future earning of the power plant come from.the horse mouth and the Analysts pick this up and.report it, more investors will be attracted to Jaks. It is okay if you disagree with us .

latuk, shareholders be it.majority or minority has the right to request disclosures of key informations like future earnings of any.new businesses from the CEO or CFO through AGM or analyst briefings. These top executives are.paid by all shareholders .They has a duty to disclose informations which are.critical and.important to all shareholders in making investment decisions beside managing the.company to the interests of shareholders.. Such requests are reasonable and.in compliance with.SC rulings of a public.listed company.

latuk, is anyone in i3 asking Andy to participate in the i3 forum to persuade peoples to buy jaks ?

KLSTK1234, the Jaks minority shareholders will be happy if public.invest or Affin do a due diligence on the whole Jaks businesses and do a "sum of parts " valuations taking into considerations all the potential earning and losses. If you read their last 2 reports , they did mentioned their concerns of the potential.LAD losses plus the earnings from the progress billings from the construction of the power plants but they never value the future earning of selling electricity . This part is the biggest chunk of Jaks future earning and yet it was omitted.

Huat1, The PE of Jaks is 12.16 whereas the PE of mfcb is 23.19 which is.almost doubled. Both companies had not shown the real earnings from the power plants yet. The difference is mfcb power plant was completed while Jaks power plant needs a few more months. Even before mfcb deliveted real earning.from its power plant, public.invest already upgraded its tgt price to.6.29 while the.same public.invest only.value Jaks.at RM 1.00. There is a world of difference in valuations between the two companies although the.differencr is only a few months of completion date. If you read both reports , it is very obvious that public invest did not consider the future earning of Jaks power plant while it did considered mfcb power plant earnings more than a year ago.

OTB, Thanks for the great efforts

VIN3133, we.can.also meet each.other in the AGM. and then adjourn to Starbuck with musang and.a few others plus some ahmoi haha

VIN3133, you are welcomed

Sharifah and DK, I m afraid if Jaks management continue to refuse providing earning guidance on.its Vietnam power plant for reason known only.to themselves, Public invest and Affin.may cease to provide coverage for this stock. It does not make sense anymore to provide meaningful.valuation.of the stock if the IB s does not have earning visibility of its power plant which is near completion. We can pose this question to the management in the next AGM which is scheduled in.May?

Both.mfcb 80% owned Don.Sahong power plant and 30% owned Hai Duong power plant earn about 250 millions per year. Although the number of Jaks shares is about 50% more than mfcb, their market prices does not reflect it. I estimated the mfcb eps for this year to be about 66sen while Jaks eps about 32 sen. using the.assumption.of 250 million earning plus potential earnings and losses of other divisions. Techically speaking., Jaks market prices should be about half of mfcb in 6 months time.when both unit 1and 2 start COD.
I t us important that both Public.invest and Afiin or another analyst which.cover Jaks must state that the Hai Duong power plant has the potential to make 250 million per year or more. What IB says carry weight . Jaks will.then.attract. more foreign institution buyers like FMR . Hope the next IB report from either one of them will state this earning explicitly in their reports

Jaks is behind mfcb by about 3 months in power plant completion. Barring any unforseen circumstances, the.prices of Jaks for the next 3 months should follow.mfcb price chart in the last 3 months. Just extrapolate , it should move up north by about 15 to 20%. It is just my logical inference, Dont worry about daily fluctuation, think longer term.a.bit like weekly.or monthly or qtrly direction.

The matkets.consist of various types of peoples with.different background . There are always a fraction of peoples.who will believe the kyy.article.no matter how silly.and contradicting .
At the end of the day, results matters .For those with medium and long term investments, it doesnt matter, the ultimate result will prevail.

hng33. your first and second paragraph are correct . Your put a question mark on third paragrah . I think kyy will.not buy back.jaks due to two reasons. First he love dayang very much.and put all his money there and hold dsyang tight tight such that he got no money to buy others. Second, his ego . As.a Chinese.saying.goes, A good horse will not turn back.and eat old grass.

So far only public invest and Affin cover.Jaks in terms of FA. Both Analysts did not consider the potetial future earnings of Jaks Hai Duong power plants in their previous reports. When the Q4 result is out in 2 weeks time. the analysts cant ignore these future earnings when the power plant is.almost completed. If Jaks management still do not want to provide profit guidance . they can use Vinh Tan and Duong.Mong profits as guidance and put a qualified statement. They can also use DK articles if they wish . Their tgt prices will need to do a catch up like.what those IB s did for dayang .Every two months , they need to upgrade the.tgt prices bit by bit by using.the progress milestone of the power plant as " reasons " for the upgrade so that it wont look so obvious that they "miss" the power plant future earnings in their previous report. Hope we have a fun ride for the next one year

Haha, I have seen how IBs downgraded the tgt prices of dayang from from 1.20 to 80 s when the yoy eps have improved by more than 100 % for 5 qtrs . Then quickly increased the tgt prices to 1.20 one month later . Then increased the tgt prices to 1.65 within.2 months when the next qtrly result showed a 41 % yoy improvement. Then 2 months later, it increased the.tgt prices to 2.00 before the next qtr result is out. When the next qtr result was.out showing a
to 2.80 within.8 months with yoy eps growth of about 119 %, the IBs set tgt prices of 2.35. Now, before the qtrly result is out in the next 2 weeks, the tgt prices have gone up to 2.85.. The fundamentals of dayang could not have changed by 4 x within.8 months . In my opinion, the IB s should not have downgraded the tgt prices from 1.20 to 80s when the qtrly.result when the qtrly result showed an improvement of 80% beside a triple digit yoy improvement of last 3 qtrs. This is clearly a wrong judgements.

Stockmanmy, You are making statements without facts and figures and without quoting examples . Talk is cheap. Such article is not convincing and of low standards.

I decided to sell my.Dayang last week and.buy Jaks with the.same reasoning as busyweekly . Jaks potential upside is much more than Dayang . Jaks is very much like.mfcb where its current profits came mainly from the progress billings of its power plants projects. Peoples buy mfcb and jaks not because of its property business but its huge potential earnings from.selling.electricity for the next 25 years with contractual agreements on.cost , pricings.and others. KYY knew this . The IBs also knew this. The more than 10 articles.from DK 66 and OTB are testimonies of its potentials of Jaks future earnings. MFCB has its fifth turbine and Jaks has the option of buying.another 10% of the JV . These will enhance tbeir earnings by another 25 % and 33% respectively in 2 to 3 years time. During these periods of overall markets uncertainty, stocks with such.earning.certainty are good.defensive stocks to purchase .

With the COD certificate , MFCB is riding.the next wave of uptrend to reach the public.invest tgt.price. Expect similar tgt price upgrade of by Maybank too.

The sales of electricity during testing phase is not free . It will be captured as revenue. MFCB sales of electricity during.testing phase is estimated between rm15 to 20 million . This revenue.is before COD.

Vin3313, thk you . I am happier if all those who invested in.Jaks will get good return within 6 months or a year round the road. Barring any unforseen circumstances, the upside for Jaks is very good if the power plants are completed in time and pass all the necessary test. Once the unit 1 achieve COD, Jaks will fly.

Haha, Vin 3133, Yes ,I m very happy holding mfcb and Jaks tight tight. I have sold some other stocks and add jaks and convert.mfcb warrant.

Good news . Dayang is awarded another.3 years contract with option of 2 more years extension by Carigali. The contract.is based on woirk orders 。This will contribute positively to dayang.financials.

elbrutus, if RI is to exercise the option of another 10%, it may not be a bad idea but this will not take place soon. The option.can only be exercised within 3 years after COD per.my understanding. This additional 10% of share purchase of the JV will boost Jaks eps by another 33 % from the power plant.

MFCB and Jaks are my top 2 investments which accounts for more than.80 % of my portfolios. I believe demand of electricity will continue to grow in.Vietnam,Laos and Cambodia. As these countries become more industrialised, the demand for electricity will grow correspondingly like what Malaysia experiemced in the 80 s ,90s and in.2000s. Many IPPs in.Malaysia with 20 years PPA made good profits . I believe the Don.Sahong and Hai Duong power plants will perform similarly. The PE s of these 2 counters are still.attractive based on FA valuations of future earnings.