doing business in India is very challenging.Even Anan doesnt know what and how.not the same with vietnam

Cypark and TNB profit contribution from power business about 750k per MW.hence both MFCB and JAKS can expect over 200m from power supply.

Steven223838.Amen to what you said.you would have noticed both KYY and Ang family have bought the stock until their last dollar .KYY cant buyanymore unless he wants to trigger a MGO.that is telling you the potential of the stock.

hohup is on the right track to buy the stock and hol.strange world we are in.small fry laughing at big fish just because the stock is down on bad news.looking the big picture the stock is a buy.the Both MFCB and JAKS are in similar business of planting power plant,the capacity of former is 260MW while latter is 30% 0f 1200MW.completion of MFCB's is 6 months earlier in dec 2019.but look at the price difference .Both are expecting profit contribution in excess of 200m from their power plant

back in october 2010, PLUS was taken private at 4.60 at a premium of 14% over the average of past 3 months traded price.Using this yardstick, the offer price would be about 1.25 per share

Why 1.20 per share?It is the value of concession assets less the outstanding debts excluding deferred tax liabilities and ignoring future concession profits and works in progress not reflected in the financial statement as at 31/12/2017.It is one basis to take the company private and become a government entity.

Can Felicity and Jon Choivo give us your working estimate of what the Government would have to pay on a takeover of the company like what they did to Plus in 2012 in order to abolish all toll operators.would it be 1.20 or highest price done

looking at the charts,JAKS 38% MOVE UP IS 1.53 and 62% Fibonacci leg up is 1.65.

It is possible now that the chinese contractor may join forces to make a general offer for Jaks to wrest control and to increase their share of the power company.everyone on board is going to see a big jump in the share price

Takeover or fight for control is disruptive for the company.It is best for the existing directors to recognise the greviances of shareholders and steady the ship.The Pacific Star project should have appreciated substantially,enough to absorb the cost overrun from existing delay.what is needed is to quickly rectify and complete the project.

Yes.Mr.KYY and shareholders should question the directors for all the mess in the construction business.Why build the mall in that area when there is Paradigm mall which is so much larger so close by.Many apartments could have been built in its place and sold.And for such amateurish know how,do they deserve the Long Term Incentive shares at 1.40.The timing of the issue which if sold in the market before the news of the legal claim become public is also of interest for the AGM/EGM

TNB has a generating capacity of 12,000 MW and its net profit was 6900million which worked out to 574k per MW(annual report) Jaks with 360MW(30% share) should take home 206m to 275m(40% share).

The long term incentive plan issue of shares of 960,000 shares on 6/2/18,576,000 on 8/2/18 and 484,000 on 19/2/18 if sold in the market just before the announcement of 50million claim against the Company should raise question of timing coincidence for the authorities

KYY wont sell for so little because his cost is about 1.30s.Just compare MFCB(260MW in Cambodia) and Jaks(30% 0f 1200MW) price and you will want to buy and not sell .

Is it a coincidence that BM is seeing a lot of works preparation on its site complete with cranes , giant cement mixers and even worker living quarters about the same time as when ekovest shares shot up to 1.18 on heavy volumes in recent weeks.

Leek,if indeed the company is considering this second power plant project,Jaks share price would have another leg up.

Dont be so panicky.KYY's average cost about 130s.There is too little money to make at current price.He will be hurting himself at this price.Be alert only when it is above RM3.The problem is when the price reaches RM3, the stock fundamental would have improved immensely to merit a higher price like maybe a eps of RM0.40.Then, what would you do.

Speakup speak what is brewing.No yield investor will buy at 0.475 much less today 0.48 also done.If all 0.48 is taken that means a pretty interesting QA is likely,in which case the price is likely to break above 0.50 .when that happens,there is no worry about disruption by yield seekers who can sell in the market and get their money one year earlier,like this Contrarian.There will be only YES vote to QA,after which Rsena will be viewed as a F&B counter and its PE multiple can expand

agreed

market taking 0.475 smells of a possible QA.Maybe it is A&W or may be it is a few things which they call a home grown F&N in the making.Either way,the share price will blow away 0.50 and the warrant will spike away for the sky

why waste time with Rsena for yield at 0.47 when one can buy so many other safe asset classes
for much better returns like IWCITY for its GO at 1.41 to get 1.50 within 6 months for more than 12% yield

isn't as clear as daylight when more than 10m to buy at 0.47?Even your own money would not buy at 0.47 to vote NO just for 0.48 in one years time and another 0.015 in 2 years time when the receiver close the file,much less those professional yield seeking funds.

Perhaps the main reason why there is so much selling and reselling of Jaks.
may be the difficulty to believe that Jaks can still get 30% share of the Vietnam power plant production and Rm 400 million profit from the plant construction without having to do anything .A publication of these salient agremeent points would instill more confidence for investors to buy and hold the stock.Perhaps Mr.Koon who has invested so much can procure from the Management proof of this

Uncle Koon,I wish to direct JN88's question for you to address -why still 144, when you say Jaks is such a multi bagger potential.I believe the stock suffers from lack of institution fund holders causing a lot of free float to sell and resell in the open market.One has to ask why is this , either there is not enough promotion of the stock to fund managers or they do not believe in the potential that this stock has by its oversea power plant project

would any yield seeker buy rsena at 47sen to get back 48.5 sen after one year?That is what the receiver would pay ie 97% of 50sen with the balance 3% payable upon completion of receivership which is longer than i year ie 2 years from now.The yield seeker would be better off buying other assets.

Uncle Koon,dont waste your breath and time on these short term short sighted punters who only sing praises when the stock you recommended keep going up.Where on earth can such a situation prevail.There is always up and down and plenty times of pauses.I believe in your JAKS and have bought to stay for long term to ride its multi bagger potential.I know it will happen as I have the benefit of riding MFCB also a power plant story from 2 years ago at less than 1.80.Thank you Uncle Koon.Please continue to give me valuable advice and tips

Rio, the other obvious point of the price reaching 47c is that it is likely not yield seeker buying at this level because the remaining yield to maturity is less than 5% given that about 3% is retained even upon maturity for another 1 year under liquidation proceeding as in the case of Sona and Reach. So the higher price has to be more reflective of the quality of the QA that is under consideration

Rio,what it means is that if the price goes up another 1-2 c,yield seekers might as well cash out than to oppose the QA and have to wait a full year for their money like what happened in Reach,thereby allowing the QA to go through

Here are some facts for those who are not sure.Rsena IPO prospectus section 9.1.2 page 208 says Rm 10 million was raised by Raintree(promoters) to defray day to day admin and operating expenses prior to the IPO andto pay the REMUNERATION FOR THE MANAGEMENT TEAM from the date of SC approval until completion of QA or expiry of permitted timeframe whichever is earlier

In the latest quaterly report,the Management talks about a balance between deal certainty and valuation.It hints of a QA that is capable of good reception to the extent that the stock price staying above the cash value so there is no need for yield seekers to oppose the QA.In that event the warrant price would jump many times from this level in line with the stock price valuation.

By comparing with SEM,BISON and BJF,the stock which has the the closest metrics is SEM with 1233 million shares and a TTM of 40m .Its share price of 1.50 gives it a PER of 47x.Would RSENA be able to sew up QA and command such a metric.With a conversion price of 0.50, the warrant could be as high as 1.00 just to be at parity.

It is obvious the upside is huge when the QA is done looking at the PER of above 30s for F&B stocks like SEM ,BJFOOD and BISON.

As for Rsena, the subscription cost for the promoters is 5c a share.Given such a low entry cost, they would likely work extra hard to get a good quality QA which given the high multiple for food and beverage business would be worthwhile waiting.

making investment decision on wrong or misleading information can be costly like using previous IPO case.The promoters paid a average of 7.5c for their shares with free warrant which multiplied 6x-10x upon the succes of QA.There is only huge gain.Pending the QA ,the management of RSena is receiving their wages from their own money.They would be wasting much time,effort and opportunity cost if the QA is not done

The company says it is prepared to pay a premium to buy a quality QA which is a strong signal they are going to propose a QA for approval.The cash may not be enough in which case it might involve some shares which the vendor may actually prefer in order to have a continuing interest in its business.It may be a win-win situation as the vendors can get their just rewards and the company gets a high growth business certain to get approval with share price for mother and warrant going up.

Rio 284, u are so right.More precisely,it is majority in number of voters present at EGM and at least 75% in value of shares present n voting,not such a high bar.The bulk of s/hders who are retail holders would not vote against if the sum of mother share and warrant are above the IPO price of 50c as there is attraction of in-the-money warrant spiking up because the exercise price is just 50c.So what is the good news you hear going to the SC

Reach was able to get its QA acq passed despite yield seekers exceeding 0ver 80% of its issued capital(2016 annual report).RSENA just have 62% . and it is not oil n gas but food & beverage where the average market PER is btw 10-15 times.The management is looking for a quality QA where it could sustain a share price of above 50c

Rio2814, if what you heard is true, the QA would likely be a sparkler
and the warrant is likely to follow the trend of Reach-wa and soar as conversion price at 0.50 is within reach.

Rio2814 is right.The company needs a QA that can generate net profit of 107m over 3 years or 35.6m per year otherwise promoters shares remain in moratorium.the profit threshold is, I believe, needed to sustain a share price of over 0.50 so there is no need for yield seekers to object to get their refund-they can sell into the market and get money on t+3.

if reach warrant is any guide to pricing rsena warrant ,reach-w at 90 %premium will translate to rsena-w 1.90x0.46-0.50 =0.374 when the company announce a QA

Botak allowed eko to be used as election stk ,once collected enough cheap cheap .annce BM goes to consortium of china company and eko jv.stk goes limit up and walla can go for election

Ekovest will get the 1023 acres at zero cost when Greenland JV pays up 2.37B for the Danga Bay land.Greenland is 46% public listed state owned entreprise headquatered in Shanghai

ekovest will gain rm 1.39b from land sale to GreenlandJV or rm 0.64 per share.Greenland parent co. is 43% owned by SHANGHAI MUNICIPALITY,a Chinese Government state owned enterprise.This will be the catalyst for a price jump when the payment is received.The balance of IWC land of 1023 acres will be zero cost to ekovest

follow the charts.both ekovest and iwc show uptrend likely to continue.

don't be surprised if puncak pays another dividend of $0.50 on top of the declared dividend of $1.00 in the same manner as CI Holding .The share price will fly .This is possible bcos the oil n gas assets are much cheaper and will not require as much cash to be set aside

Bernama reported that signing of the water agreement will take place today at 3pm. Last call .

Now that the price has broken resistance of 1.68 , a revisit of the chart is needed to see the future direction.The daily, weekly, and even monthly charts are supportive of higher prices. I see the momentum is strong enough to go to next level of 182 soon.

Now that the stock is scratching at 147,it is time to revisit the charts to see what is in store. The daily , weekly and even monthly chart are in sync for a higher high.next resistance is 158 after which it should be making an assault on 180 and so far the path is clear for the price to go higher

A comparison with both hevea n homeriz is applicable here. both hevea n homeriz are doing at per of about 12xeven with forward earnings.Evergrn with forward earning of 80m or a eps of15.5c should therefore sit at a price of 1.86 in line with the other players in the sector.No wonder the smart investors are gulping up at 140 n below

The stock is performing as what the chart says .It will test 147 and going by the weekly chart should be able to break thru as stale bull at those prices are not formidable.The stock is indeed in a goldilocks pattern with plenty of upside as rising momentum is strong at both daily and weekly charts