Bear in mind today index dropped 15 points but Jaks up with high volume...down future up .. tomorrow to test the next hurdle 46 ,if broken ..will break 50 easily
Q4 Revenue: RM 20 million NP negative 36.3 million. Well done ALP. By the way JHDP JV share of profit q4 RM 28.58 million and for whole year RM 139.28 milli9n.
Fortunately I have sold all JAKS share today with total loss 26k...very sad because following many taiko promoting this stock...shifting shooting star Palm Oil stocks. Hope can recover back. Good luck to others who still stay here
Jaks has provision for impairment in 4th quarter 2 years continuously. I just wondering why the income from Vietnam power plant posted RM28.6mil only compare to 3rd quarter of RM43.3mil. In fact I expected higher than RM43.3mil due to a lot of Vietnam factories shutdown caused less power consumption during 3rd quarter 2021
End of Feb 2019, KNM announced results with huge losses ofmore than 600 millions due to impairment and written off of goodwill, but its share price went up from around 6 sen to around 44sen sometimes in August 2019.
On the Allowance for impairment of receivables RM23m
From previous AR "As at 31 December 2020, trade receivables of the Group and of the Company RM173,437,636 and RM2,100,000 (2019: RM184,108,159 and Nil) were past due but not impaired. These relate to a number of independent customers for whom there is no recent history of default."
With amount of RM141,065,779 pass due more than 90 days as of 31 Dec 2020.
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....
Tyre220069
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Posted by Tyre220069 > 2022-02-21 11:51 | Report Abuse
Bear in mind today index dropped 15 points but Jaks up with high volume...down future up .. tomorrow to test the next hurdle 46 ,if broken ..will break 50 easily