once again proving contrarians make a lot of money......buy shares after massive forced selling and keep.......like Seacera and Jaks.....good way to make money......must also understand the company deeply.
There are other pending events that may happen to Jaks but may or may not happen in 2019.
1. The solar power investment in Vietnam
Malaysia’s Jaks Resources Bhd. and China Power Engineering Consulting Group Co., Ltd., that are building a 1,200 megawatt (MW), $1.87-billion coal-fired power plant in the northern province of Hai Duong, are seeking more power projects in other provinces in Vietnam, with a focus on the renewable energy segment.
Renewable energy is still in its infancy in Vietnam, due to its high costs and weather conditions in certain areas that are not conducive to wind and solar power generation.
“Aligning with our strategy, we will grow our power portfolio in Vietnam with a view to participating in the recent renewable energy drive in the country,” said Elaine Tai, general manager of Corporate Strategy at Jaks Resources.
In a recent visit to the southern province of Binh Phuoc, Haris F. Abdullah, representative of Jaks Resources in Vietnam, said that the firm plans to invest in a solar power project with the capacity of 200MW and total investment capital of $262.5 million, on an area of 240 hectares. The project would be divided into two phases, with the first phase boasting a capacity of 50MW and investment of $87.5 million, and covering 80ha.
Jaks Resources said it could develop upcoming projects in Vietnam alone or by forming a joint venture, depending on the size of the investment.
On the proposed sale of its 51% stake in Evolve Concept Mall at Ara Damansara, Selangor, Ang said the group is still set on selling, but acknowledges that things have been tough in the commercial property market.
“The market [for commercial properties] has been tough. However we have seen improvement in the tenancy [rate] of the mall, which is currently at 60% [occupancy],” he said.
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....
qqq3
13,202 posts
Posted by qqq3 > 2019-03-07 09:34 | Report Abuse
this guy very pro and knowledgeable.