Jak's construction sector is not doing well, partly due to poor management and it is losing money currently. It has only 30% share of Vietnam Power plant. If lucky, company will only be profitable in 4 to 5 years' time. Why not look at KLSE power companies, like Malakoff, YTL power, CYPark, etc. Many of them are financially more secure, more established and currently profitable. Moreover, they give decent dividends and their share prices are fairly valued, if not undervalued. Less risk too! Why not give them a second look!
Information sourced from AES corporation which owns 51% of Mong Duong 2.
AES-VCM Mong Duong Power Company, a joint venture between AES Corporation (51%), Posco Energy (30%) and China Investment Corporation (19%), developed the 1,240MW Mong Duong-2 (MD2) coal-fired thermal power plant in the Quang Ninh Province of Vietnam.
The power plant was constructed on a build-operate-transfer (BOT) basis and comprises two generating units of 620MW gross capacity each.
Mong Duong-2 is Vietnam’s first and biggest coal-fired BOT project and is also the biggest private sector power project undertaken in the country. The $2.1bn project was developed with 100% foreign direct investment. Ownership will be transferred to the government of Vietnam after 25 years of operation.
Mong Duong 2 is a very close model for the Jaks power plant as; 1. Both in northern Vietnam 2. Both about 1,200MW capacity 3. Both using domestic anthracite coal 4. Both under foreign BOT guaranteed by Vietnam Government 5. Both projects cost around US$2b 6. Both Power purchase agreements signed with EVN 7. Both coal supply agreements signed with Vinacomin 8. Both under max 18 years loan tenure allowed by Vietnam government
Page 46 Mong Duong distributed US$51m to AES in 2017
Therefore, Mong Duong distributed US$90m in 2016 and US$100m in 2017 to its shareholders
Mong Duong 2 thermal power plant, strive to produce over 8.1 billion kWh in 2016. According to information from the Mong Duong 2 Thermal Power Plant, since its inception, from April 2015 to December 2015, the plant has contributed over 5.3 billion kWh of electricity to the national power grid.
This shows that Mong Duong 2 power plant was immediately operating in full capacity upon operation in April 2015.
Mong Duong 2 was an immediate success ? why won't Jaks hai duong power plant ?
---------------- Roy 8 Jak's construction sector is not doing well, partly due to poor management and it is losing money currently. It has only 30% share of Vietnam Power plant. If lucky, company will only be profitable in 4 to 5 years' time. Why not look at KLSE power companies, like Malakoff, YTL power, CYPark, etc. Many of them are financially more secure, more established and currently profitable. Moreover, they give decent dividends and their share prices are fairly valued, if not undervalued. Less risk too! Why not give them a second look! 11/02/2019 11:02
So the questions is JAKS is an unvalued gem stock and waiting for its future potential to move higher once the Vietnam power plant are running in full capacity . A stock with 70% discount do you think is worth buying ?
"A 1,200MW power plant can power up 1.2m homes satisfying the need of 6m people which is almost the population of Selangor state. At RM300 per household, it is a RM4.32billion per annum business!"
Not business sense, but cow sense! You think Vietnamese can afford RM 300 electricity bill per month? What is the average electricity bill per each household in Malaysia?
Figures are plucked from the sky. Pakai tembak only............
So, vietnam will only let the American (AES corporation of Mong Duong 2) make good money out of her people and not the mainland chinese, in particular Hai Duong power plant ? What about Vinh Tan 1 which is also mainland chinese owned ?
-------------------------- ks55 Power plant in India cost Mudajaya's life. Do you think Vietnamese govt is so dumb to let Mainland Chinese make so much money out of her rakyat?
China and Vietnam still not in that good term really. 11/02/2019 20:21
Icon8888, I don't mind listening to criticism so long as there are logical and sound. However, some just carry too much hatred and attack. Some getting personal. I didn't just came out from the sky and ask people to buy. I merely shared my research and knowledge. I lay down information and data so that readers can perform their own analysis and make their own decision.
I m not saying the household bill is going to be RM300 per month. It is there as a illustration of the potential size of the business. Even half the sum is considered a big business by any measure.
By the way, vietnam subsidises household electricity bills.
But we have no choice. God makes the world imperfect so as to train us to be stronger and kinder
Posted by DK66 > Feb 11, 2019 09:07 PM | Report Abuse
Icon8888, I don't mind listening to criticism so long as there are logical and sound. However, some just carry too much hatred and attack. Some getting personal. I didn't just came out from the sky and ask people to buy. I merely shared my research and knowledge. I lay down information and data so that readers can perform their own analysis and make their own decision.
If you have ever followed mudajaya’s project in India, you will know how much hell they have gone through due to bureaucracy. Indian government delay delay delay. One delay after another until mudajaya vomit blood
Vietnam so far has a much much better track record as far as foreign businesses are concerned.
Yes. Please continue verbal fighting. Freedom of speech. Pleae lay bare all the facts and emotions.. Those with the most convincing of all win the cat over
Buying Jaks is easy. Just keep on buying till 160m and you will jack up the price.
With average volume 3-4 million a day, you will need to be net seller for 40 market days at 4m each day. Can you do it without depress its share price?
If you cannot run with F1 speed, can you beat Donald Duck tsunami 2018? OPM really kill. It kills all those greedy and daredevil, regardless you are big shark or small shrimp...........
Check how much was Jaks then. Conmen were promoting non stop at that time, now lost all their pants.
They are coming out to cheat you again and again just like how they promote HYR in Dec 2017........
You should know who are the conmen I referred to...........
Putting up articles after articles to lure you into their traps.
Not surprising they will again come out with few more articles to reinforce each other's believe so as to influence you to help support Jaks share price.
Correct me if I'm wrong, 1,200MW power plant can only power 10,000 homes only --------------------------------------------------------------------------------------- A 1,200MW power plant can power up 1.2m homes satisfying the need of 6m people which is almost the population of Selangor state. At RM300 per household, it is a RM4.32billion per annum business! Definitely a big business to be reckoned with.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Icon8888
18,659 posts
Posted by Icon8888 > 2019-02-11 03:41 | Report Abuse
First class article