Posted by DK66 > 2019-12-17 22:19 | Report Abuse

Ramada, once again, thanks for your first like !

Posted by ramada > 2019-12-17 22:21 | Report Abuse

JRB is a potential multibagger stock. Just give it a try.

Posted by mantua39 > 2019-12-17 22:30 | Report Abuse

Just a word of caution, though. Do we know whether income from power sales will remain unchanged over the entire contract period or whether the early years' income will be disproportionately higher in order to accelerate payout and attract more bidders for their projects.

Posted by probability > 2019-12-17 22:58 | Report Abuse

https://vietnam-business-law.info/blog/2019/10/31/tariff-calculation-for-a-coal-fired-ipp-power-project-in-vietnam

my reasoning says when power output reaches 60% of the rated output, the IRR is in the range of 10-12% (referring to the range given by EVN for National Market participant from the link above as investor would seek that as the minimum return)

when it exceeds that, i.e at higher utilization rate (>60%) the IRR becomes an explosive figure

this explain Mong Duong II's performance

Posted by dailyklse2010 > 2019-12-18 10:08 | Report Abuse

Bought Jaks sure win, have to be patient only~ haha

Posted by DK66 > 2019-12-18 14:25 | Report Abuse

This article does not aim to tell how much the power plant is worth to Jaks. It merely trying to show that it is a project deal that every businessman would dream of having. No need to arrange for financing and no need to worry about default ! And no need to build !

Posted by Kukuman > 2019-12-18 14:31 | Report Abuse

Everthing is about dream in stock market. You dream the profit up, you dream the business model works, you dream the company strike new contract, so on and on

Posted by DK66 > 2019-12-18 15:36 | Report Abuse

Everyone can find your own dream here or elsewhere. I found mine here and it will soon be a reality.

Posted by mmk79 > 2019-12-18 16:22 | Report Abuse

I believe we all Jaks holders are heading to the treasure land and each day is a step closer to our destination.

Posted by Kukuman > 2019-12-18 17:07 | Report Abuse

What a dream you have.. But Jaks sure will up comes 2021

Posted by Kelvin Chong > 2019-12-18 17:50 | Report Abuse

Jaks is a rare gem.. if estimated net profit from hai duong power plant is RM 200m annually, we discount 30% for margin of safety it would be RM 140m.

Using rough calculation,

140m / total number of share 643m = 0.217 EPS

If PE 8 = Share price could be 1.74
If PE 10 = RM 2.17 which i think is achievable in 2020

And this assumption is very very conservative assumption..

Estimated COD around may-june 2020,
Share Price of MFCB also started to head north 6 months prior to COD

Very thankful for DK66

Ignore the nay sayers! We know what gem we r holding..

Posted by DK66 > 2019-12-18 21:46 | Report Abuse

Kelvin Chong, you are welcome

Posted by Kukuman > 2019-12-18 21:49 | Report Abuse

So have u sell everything including your underwear to buy this share since it is such a gem to you?

Posted by DK66 > 2019-12-18 22:14 | Report Abuse

Just do some googling and you will notice that all the companies that were involved in vietnam power BOT are multi-billions international companies like AES Corp, Sumitomo, Korea's POSCO, China Power Investment Corporation, China southern power grid etc.

The terms and conditions of Vietnam power BOT must be attractive enough to have attracted these global companies to bid for the BOT contracts.

Even until now I m still amazed by Andy Ang's ability to ink the deal.

Posted by Kukuman > 2019-12-18 22:18 | Report Abuse

Not the Ang fellow but the china guy pulling the string from behind. He is just the convenient middle man cutting the deal

Posted by DK66 > 2019-12-18 22:24 | Report Abuse

Kukuman, you logic is incorrect.

After Jaks was awarded the BOT contract in 2010, it partnered Meiya and later Kaidi. Both failed to secure financing. Only in July 2015, it secured CPECC as partner.

Posted by Kukuman > 2019-12-18 22:42 | Report Abuse

Not logic but fact. Do you think the Vietnam is so kind (or is it dumb) to give him 5 years to hang on the contract until financing comes along?

Posted by Kukuman > 2019-12-18 22:47 | Report Abuse

Use brain to think. Why dont Vietnam award direct to China guy since they have the money and technical expertise? Ang fellow is more handsome maybe

Posted by DK66 > 2019-12-18 22:48 | Report Abuse

Kukuman, it is pointless for me to argue. Just hope you can find out more.

Posted by DK66 > 2019-12-18 22:52 | Report Abuse

If you like to find out why

https://klse.i3investor.com/blogs/Jaks%20resources/2019-09-22-story226058-Jaks_Resources_An_excellent_joint_venture_deal_with_CPECC.jsp

Posted by Kukuman > 2019-12-19 08:15 | Report Abuse

No need to dump article here and there. "i am amazed with Ang ability....." What a folklore

Posted by DK66 > 2019-12-19 08:36 | Report Abuse

Obviously, my articles are not meant for you. Please ignore.

Posted by Kukuman > 2019-12-19 08:48 | Report Abuse

Dont be armchair story writer. Go and sit in the board for business discussion if you are qualify. Armchair story writer is secondhand information

Posted by DK66 > 2019-12-19 09:00 | Report Abuse

I will not respond to your comment anymore

Posted by Kukuman > 2019-12-19 09:05 | Report Abuse

You are forgiven. Just dont simply jackup people ass with statement like "i am amazed with Ang ability..." what a folklore

Posted by DK66 > 2019-12-19 10:07 | Report Abuse

Repost comment from OTB

-------------------
OTB I agreed with DK66, it is a super deal for Jaks.
Andy Ang had done a super good job.
I had talked to him personally, he is very smart and mouth is super sweet.
A bird on the tree, he also can persuade the bird to come down.

Extract from uncle's article above - quoted below:
................................

The CEO Andy Ang:

I must say Andy Ang is an exceptionally clever and shroud business man to be able to secure the 1,200 MW power plant contract from the Vietnamese Government and completely sub-contract to the Chinese party who has the technical ability and financial capacity to complete the power plant, which is valued at about Rm 7.76 billion.

The most important consideration is that Jaks does not need to borrow money from banks to finance the project and does not need to lay a brick to construct the huge power plant. In fact, the Chinese Sub-contractor and JV partner pays Jaks Rm 454 million during the 3 years of construction. Now I understand Jaks has already received about one third of the Rm 454 million.

In my 60 years’ experience in the construction contracting industry, I have never seen such a juicy contract as Jaks’ power plant contract. As an independent power producer selling electricity to the Vietnamese Government at a profitable rate for 25 years.

Thank you.
19/12/2019 9:29 AM

Posted by Kukuman > 2019-12-19 14:28 | Report Abuse

Never learned. Obviously the person who said to have 60 years' experience had exited the scene. And yet some people still try to pull out a rabbit from the hat