Hopefully pmx brings more cpo order from China, I assume he will do that... China need cooking reserve to standby uncertainty of geopolitical issues escalating
Haha luckily I see this ,if not Konartist sslleee will said r u blind again !
FY23 WHD is a JV / Associate company.. less than 51% shares .. So Revenue n Profit is not recorded in Operating activities.. But FY24 is a 55 % Subsidiary.. Revenue n Profit is Recorded!
So still concerned on Old Trees n Replanting issues!
— Haha konartist sslleee why so mad n Tikuss mata or high iq in Kon maths , low iq in arithmetic!🤣🤔:
> FFB output/ planted area :
FY22 : 10.60 FY23 : 13.56 FY24 : 16.85
Compared to my earlier post :
FY2023 FFB : 943,924 MT
FY23 yield per prime mature / hectare = 18.64 MT / hectare
( 943,924 / 69,589 = 13.56 , old tree ? 🌴)
——
Posted by Sslee > 30 minutes ago | Report Abuse Mike-tikus are you blind? FFB production: 30-Jun-2022(Actual) 30-Jun-2023(Actual) 30-Jun-2024(Actual) 30-Jun-2025(Budget) Planted area (ha) 69,589 69,589 68,569 67,449 Immature (%)(<4 years)0.0% 0.0% 0.0% 0.0% Young mature (%)(4-7 years)3.1% 0.0% 0.0% 0.0% Prime mature (%)(>7 years)96.9% 100.0% 100.0% 100.0% FFB production (MT) 737,723 943,924 1,155,478 1,211,852 FFB yield 10.6 13.6 16.6 17.8 Lower FFB output in FY22 due to disruption in operation brought about by pandemic
⬆⬆⬆ The above can't even write proper English, yet wants to invest in the market! Apt to be slaughtered & bled dry as proven by his previous punts on Jtiasa! 😂
Aiyoyo Mike-tikus everytime look backward no wonder lose naked in stock. You need to look forward 30-Jun-2025(Budget) Planted area 67,449 FFB output 1,211,852 FFB yield 17.8
Aiyoyo Mike-tikus still cannot understand WHD is the land owner of Jayatiasa rented land: Wealth Houses Plantation 6,000 (Ha) The plantation belong to Jayatiasa and jayatiasa pay WHD rental based on FFB x rental amout (RM X/MT FFB) Last year jayatiasa acquire 55% of WHD.
The rational of acquiring WHD is to expand the total oil palm plantation land bank directly owned by our Group. Since Erajaya has jointly developed the Land with WHD and invested significantly in infrastructure, it would also be more cost effective for the Group to undertake future replanting on the said Land.
👉The Acquisition will afford the Company a controlling interest in WHD which owns the said Land. This will ensure security of tenure for future replanting at the Land instead of relying on the JVA which may be subject to changes at any time.
WHD owns the Land which has been developed into oil palm plantation by Erajaya. WHD derives its revenue from the share of FFB sales premium with Erajaya on the basis of monthly production volume of FFB produced from the Land.
Haha like WTK Directors family internal legal suit over years ke … not that serious la …
👉The Acquisition will afford the Company a controlling interest in WHD which owns the said Land. This will ensure security of tenure for future replanting at the Land instead of relying on the JVA which may be subject to changes at any time.
Haha ya lo China buy more CPO for cooking reserve …
Sarawak govt need more Hybrid rice … own supply own support the ppl demand is long term solution by Own Cultivation!
Why only identified Pulau Bruit is suitable for Hybrid Rice cultivation on February 2024 ! There is an urgent demand n foreseen coming risk !
👉 Pulau Bruit land is identified suitable for Hybrid Rice cultivation on 2024 … announced by UKAS , in line with Sarawak government vision to support Sarawak rice demand by own cultivation ( currently 34 % ) . Even to rivalling Kedah which supply 40 % Rice demand in Malaysia
See Sarawak oredi took action on :
Sarawak losing wood market share to Indonesia, WTK says
BUSINESS Tuesday, 09 Jun 2020
KUCHING: Sarawak is gradually losing its logs and plywood market shares in key India and Japan markets as it could not compete with Indonesia and some other Asean timber producing countries. According to WTK HOLDINGS BHD
,👉 Indonesia and other Asean countries have competitive edge over Sarawak because of favourable policies and strong government support they have received.
—-
Posted by pang72 > 1 hour ago | Report Abuse Hopefully pmx brings more cpo order from China, I assume he will do that... China need cooking reserve to standby uncertainty of geopolitical issues escalating
Haha what Sarawak Gov on Hybrid Rice policy.. giving more Support ke ?
Haha don’t play play with Sarawak govt le .. especially after the royalty of Sarawak oil !
What is the royalty of Sarawak oil?
From 5% of gross value previously, the state's oil royalty now includes 20% of net profit from its oil-producing activities. Sarawak's relationship with Petronas has not been on the best of terms since the state started looking at reclaiming its rights over its hydrocarbon deposits under MA63.
Sarawak minister confirms Petronas-Petros talks ongoing By Mohd Roji Kawi November 1, 2024 @ 8:02pm
—
,👉 Indonesia and other Asean countries have competitive edge over Sarawak because of favourable policies and strong government support they have received.
KUALA LUMPUR (Nov 4): The six-year dispute between Star Media Group Bhd (KL:STAR) and property developer JAKS Resources Bhd (KL:JAKS) over the development of a parcel of land in Section 13, Petaling Jaya, which started in 2018, has come to an end, with both parties inking an agreement to settle the issue.
With the settlement agreement, the parties have agreed to withdraw legal proceedings and any counter claim against each other, with no liberty to file afresh. Star Media will also be allowed to recognise the bank guarantee of RM50 million it called in February 2018 as "other income".
"Hence, the settlement agreement is expected to have a positive impact on the earnings, earnings per share (EPS) and net assets (NA) per share of the company for the financial year ending Dec 31, 2024. The impact to the EPS (earnings per share) and NA (net asset) per share is estimated to be approximately RM0.07," Star Media said in a filing with Bursa Malaysia on Monday.
The legal dispute, which started six years ago, centred on the divestment of the land by Star Media to JAKS Resources in 2011, in return for JAKS Resources building a 15-storey office tower for Star Media on the site.
JAKS Resources’ unit JAKS Island Circle Sdn Bhd (JIC) also provided a RM50 million bank guarantee to assure the completion and delivery of the office tower. On top of that, JAKS provided its own corporate guarantee in favour of Star Media. However, JAKS Resources allegedly faced significant delays, missing the delivery deadline by 28 months.
In 2018, Star Media demanded the bank guarantee, asserting that JIC had failed to fulfill its delivery obligations, a claim JAKS disputed. Nevertheless, JAKS released the bank guarantee to Star Media in January 2019.
Despite this, Star Media initiated legal action on April 30, 2019, alleging that JAKS Resources had not met its obligations under the corporate guarantee for JIC to deliver the office tower. Star Media sought RM134.5 million as the remaining purchase price of the land, in addition to RM43.22 million in late payment interest.
In response, JAKS filed a counterclaim for the return of the RM50 million bank guarantee, along with RM248.24 million in liquidated damages, and RM297.04 million for loss of proceeds from a corporate fundraising exercise, which it argued were adversely impacted by Star Media's lawsuit.
The High Court in August 2020 partly allowed Star Media's summary judgment application in respect of the corporate guarantee claim against JAKS Resources, ruling that the company be paid the RM134.5 million balance of the purchase price of the land and the late payment interest at a rate of 8% per annum, from Oct 25, 2025 to July 6, 2020.
However, this summary judgement was set aside by the Court of Appeal in 2021, who ordered the matter be sent back to trial at the High Court. The Federal Court then dismissed Star Media's appeal against that decision and upheld the appellate court's order.
Shares of Star Media closed 0.5 sen lower, or 1.20%, at 41 sen on Monday, for a market capitalisation of RM299.21 million. JAKS Resources, meanwhile, closed unchanged at 13 sen with a market capitalisation of RM338.89 million.
P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .
👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.
>> Case Management:
1.) 8/5/2024
2.) 11/7/2024
3.) 11/10/2024
And the Losses from Star Pacific project can be reduced in view of :
1.) occupancy n tenancy
PACIFIC STAR Section 13, Petaling Jaya Pacific Star is an elite mixed development project located on 6.04 acres land at Section 13, Petaling Jaya with Gross Development Value of RM1.08 billion. The Group acquired the land from the Star Publications for RM135 million and the payment for this consideration would be the construction and transfer of an office tower to the Star Publications. This development consists of 5 blocks for residential units and commercial space purposes.
Star Publications has exclusive rights to Tower A, while Tower B, also an office suites, has 258 units. Tower C on the other hand consists of 191 units of semi-D like homes. Tower D consists of 156 units of serviced apartments located on the 10th to 24th floor. Meanwhile, Tower E consists of 310 units sprawled over the 10th to 33th floor.
There are 4 levels of basement car parks, 4 levels of retail units, 3 levels of office suites and 6 levels of elevated car parks.
👉And further if can monetise the property segment assets :
a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.
b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.
👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.
👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.
P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 . 13/09/2024 10:14 PM
Haha do you want another 6 years legal battle again starting from High Court to Court of Appeal to Federal court?
The Bank Guarantees amount being call in ard 6 years ago !
-
👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.
Haha if can monetise the property segment assets :
Reply during AGM :
2 The Property Investment division comprises two investment properties, namely Pacific Towers Business Hub and Evolve Concept Mall. The division incurred a finance cost of RM19.3 million while generating revenue of RM10.3 million and a loss after tax of RM6.3 million in FY2023.
As at FYE2023 :
👉 Current outstanding loan balance for Evolve Concept Mall stands at RM206.4mil whereas the outstanding loan balance for Pacific Towers stands at RM70.6mil.
C) Monetising these property assets is the key priority moving forward, regardless of turning around the business. However, the immediate goal is to increase occupancy rates and average rental rates with strong and reliable tenants, thereby improving the saleability of the assets.
A) Yes, the occupancy rate at Pacific Towers Business Hub improved from 35% in FY2022 to 54% in FY2023, while Evolve Concept Mall saw an increase from 59% in FY2022 to 75% in FY2023.
—-
Hoho interesting lo , if can monetise the property segment assets :
a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.
b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.
👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.
👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.
Haha now Jaks management can focus on LSS5 2000 MW EPCC RM 7.2 billion Solar project tender results that award shl be started announcing on November 2024 …
Haha konartist sslleee yr TinKosong KonpetHuang used new id ke… after MrHuangbk is banned permanently..as used so many similar/ abusive id to post abusive n unethical posts contents!
Jaks Profit / (Loss) Before Tax Segment Current Year Quarter Ended 30/6/2024 RM’000 Preceding Year QuarterEnded 30/6/2023 RM’000 Changes % Current Year To-date Ended 30/6/2024 RM’000 Preceding Year To-date Ended 30/6/2023 RM’000 Changes % Construction (7,136) (6,690) (7) (21,785) (13,119) (66) Property Investment (9,163) (9,540) 4 (19,350) (19,929) 3
ALP already talk for so many donkey years to sell Evolve mall but no buyer.
1st half 2024 property investment to date already lose RM 19,350,000. 2nd half 2024 how many more millions contruction and property investment will lose?
Energy Commission to announce winning bids for LSS5 in November By Bernama October 8, 2024 @ 4:56pm
KUALA LUMPUR: The Energy Commission (EC) will announce the winning bids for the fifth round of the Large Scale Solar (LSS5) programme in November, said its chief executive officer (CEO) Datuk Razib Dawood.
"The announcement will be in November. I can't disclose the details. Just wait," he told Bernama on the sidelines of Enlit Asia 2024 here today.
In April this year, the Ministry of Energy Transition and Water Transformation, through the EC, announced the offer of a solar quota of 2,000 megawatts (MW) through a competitive bidding process under the next phase of the Large Scale Solar (LSS) programme.
The bidding process was for LSS5 or LSS-Energy Transition SuRiA - LSS5 targets a total capacity of 2,000MWac, and the solar power plants under the programme are scheduled to start operating in 2026.
Jaks own 51 % on Evolve Mall , is acquired on 2013 with RM 93.2 million.
JAKS Resources Berhad entered into a conditional share sale and purchase agreement to acquire 51% stake in MNH Global Assets Management Sdn Bhd. from Island Circle Development (M) Sdn. Bhd. for MYR 93.2 million. March 29, 2013 at 12:00 am EDT
Haha after Pacific Towers is free from Legal trial …
Hoho interesting lo , if can monetise the property segment assets :
a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.
b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.
👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.
👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.
Haha this round LSS5 2000 MW Solar why Energy Commission (EC) so hardworking le … as even YTLpower PowerSeraya had signed Trial run with TNB to export / import to Singapore on 100 MW Solar RE … still is not Jalan yet !
3.) Power Generators :
Haha is this YTLpower Plant going to be Phase Out by 2027 .… 1987 to 2023 = 36+
👉. Pulau Seraya Steam Turbine Power Plant
The Pulau Seraya Steam Turbine Power Plant thermal project with a capacity of 1,448MW came online in 1987. YTL PowerSeraya have the equity stakes in the project. It is located in South West, Singapore.
👉What is the service life of power plant?
👉Thermal power plants are designed for an economic lifetime of 30 to 40 years, but some plants have been also used beyond their design life in certain areas. The critical components are the boiler and the turbine.
And :
👉Pulau Seraya Combined Cycle Power Plant
The Pulau Seraya Combined Cycle Power Plant is a 1,472MW thermal project. YTL PowerSeraya owns the project. It was commissioned in 2002. It is located in South West, Singapore.
👉25 to 30 years is a typical expected operating life for a combined-cycle power plant. Extensive maintenance work, component replacements, or failures in the plant's first decade of operation can often be tied to issues with its original engineering, procurement, or construction work.
👉👉2002 to 2023 is 22 years .. Shl be phase out by 2026 to 2031 …
Haha konartist sslleee I am still waiting Jaks PP on CGPP 30 MW project le … Solarvest oredi done PP on its CGPP project recently, RM 56 million but only able to fund RM 28 million! How Jaks going to finance the project? TNB oredi announced TPA mulling charges on 24/8/2024 n CRESS is implemented on September 2024 after 1 month final discussions… Solar farm is expected to be start construction by end 2024 le !😱🤔
Haha konartist sslleee calm down n be patient, same as in investing:
After Jaks CEO ALP had successfully steered the company diversified into Vietnam Power Plant 1200 MW , EPCC RM 8.7 billion ( stock MOAT of Jaks ) n RE solar industry…
>👉 See Another Successful case of CEO ALP business acumen.
Referred Annual Report FYE2023 , Jaks acquired 30 plots of Free Hold Land in Seberang Perai Penang on 2019 .
Jaks 50 MW LSS4 Project with syndicated Loans RM 220 million, EPCC RM 200 million , is COD on August 2023 .👍
👉 On 9/9/2024 , Jaks disposed 17 plots Free Hold Land in Seberang Perai Penang , monetised land in Penang with RM 77.74 million…Net Book Value as at Annual Report FYE2023 is RM 15.97 million…a net pro forma gain of RM50.38 million from the disposal.
—-
——
Copied partially from Konartist sslleee post :
ALP already talk for so many donkey years to sell Evolve mall but no buyer.
1st half 2024 property investment to date already lose RM 19,350,000. 2nd half 2024 how many more millions contruction and property investment will lose?
Haha Jaks intends to disposed Evolve Mall on 2016 to finance Pacific Star project with Gross Development Value of RM1.08 billion ..
Just a Turning point / time for Jaks as the Vietnam Power plant 1200 MW project is finally started construction on 2016 ( the BOT 25 years contract is dragged since 2011 ) ..
Aiyoyo Mike-tikus can't read financial report, cut and paste financial data from pasar malam source without understand it, his pasar malam TA told him jaks 18 flooor is ground floor and he bought from 18 to 24 and trapped himself high high and need to go every forum to promote jaks with half past six facts and figures 24/7/365 non stop for a year and half now to no avail.
Explanatory notes pursuant to MFRS 134 and Appendix 9B of the Listing Requirements 1 Accounting Policies and Basis of Preparation a) Transition from FRS to MFRS As previously reported: Effect on transition to MFRS :Restated RM'000 RM'000 RM'000 As at 30.06.2018
Jayatiasa 30/06/2024 30/06/2023 RM'000 RM'000 Cash Flows used in Financing Activities Dividend paid (40,656) (41,624) Increase in debt service reserve account (592) (19,963) Net repayment of revolving credit and bankers' acceptances - (8,712) Repayments of lease liabilities (889) (859) Net repayment of term loans (153,164) (215,948) Net cash flows used in financing activities (195,301) (287,106)
So Mike-tikus give you chance to cut and past jaks Cash Flows used in Financing Activities for past 2 financial years.
Explanatory notes pursuant to MFRS 134 and Appendix 9B of the Listing Requirements 1 Accounting Policies and Basis of Preparation a) Transition from FRS to MFRS As previously reported: Effect on transition to MFRS :Restated RM'000 RM'000 RM'000 As at 30.06.2018
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....
pang72
51,451 posts
Posted by pang72 > 1 week ago | Report Abuse
1.27 last grab before 1.53!!!