Posted by valueinvestor33 > 2022-11-11 11:01 | Report Abuse

Lucky I had switched all my Jaks holding to Supermax at 0.65
Now have recovered much of my losses. Thanks God I didn’t hesitate to continue holding Jaks.

Posted by WilburR2 > 2022-11-17 04:45 | Report Abuse

20k buy or sell at 0.275 ?

Posted by Pinky > 2022-11-17 20:21 | Report Abuse

Whenever analysts open mouth on this stock, usually a bad omen

Posted by xiaoji > 2022-11-28 12:47 | Report Abuse

why the property section can incurred such huge lost quarter over quarter ??
all the profit from powerplant all siphon into the lost of the rest division.

Posted by firehawk > 2022-11-29 15:42 | Report Abuse

curiousq
Posted by Aseng > 2021-11-17 15:01 | Report Abuse

My good friends , our exit TP is 2 years or RM1.50 whichever earlier.
we are value investors. we know what we buy ,
we know we must give time for the business that we are involved to grow .
we know successful investment has just 2 criteria to comply,
1. know what you buy .
2. stay with what you buy until you see the success or convincingly proven wrong by facts and data , not comparison.
we should know not every one here share the same good lucks or good karma .
~~~~~~~~~~~~~~~~~~

Talked like a Guru, but only good in rhetoric .... do you believe he knows what he bought ..... and he even knew not every one here share the same good luck or good karma like him .......

Ha Ha ha ..... anything more entertaining than this?

Posted by xiaoeh > 2022-11-29 16:50 | Report Abuse

Jaks has been calling for PP & RI since 2017-2021 from $1.38-$0.47 that's why no cash issue but severely diluted...

Posted by xiaoeh > 2022-11-29 16:51 | Report Abuse

Not know will Jaks continue calling for PP or RI at this level $0.285?
If not, hopefully bottom is near

Posted by OldWiseMan100 > 2022-11-29 19:31 | Report Abuse

why is the revenue dropping like crazy? someone explain, too lazy to find out. thanks

Posted by Pinky > 2022-11-29 20:50 | Report Abuse

Construction order book getting smaller

Posted by firehawk > 2022-11-29 21:57 | Report Abuse

From the cash flow report, Cash & Cash Equivalents at end of the period :
Current Year 9 Months ended 30-Sep-2022, 5.62m
Preceding Year 9 Months ended 30-Sep-2021, 61.93m

Previous QR,
Current Year 6 Months ended 30-Jun-2022, 16.50m
Preceding Year 6 Months ended 30-Jun-2021, 7.86m

Like last year, again now is cash constrain, for last year, there was a PP,
On 1 July 2021, the First Tranche was completed with the listing and quotation of 272,667,000 Ordinary Shares on the Official List of Bursa Securities, raising total proceeds of approximately RM129.52 million.

This year?? May be he can ask Vietnam power station to give dividend ;-)

Posted by OldWiseMan100 > 2022-11-30 09:58 | Report Abuse

how is the vietnam power station? good? what is their ownership percentage? 50-50? 100%?

Posted by Jackpot888 > 2022-11-30 15:29 | Report Abuse

Jaks ceo should cut all properties and other bizs.. just base on Vietnam power plant income already 100m..

Posted by Striker90 > 2022-12-04 16:08 | Report Abuse

the current liabilities is keep increasing while clearly current asset not able to pay the recent bank debt. It is very dangerous when cash flow break or if any bad thg happen in Vietn power plant

Posted by Striker90 > 2022-12-04 16:09 | Report Abuse

pls correct me based on fact , Tq.

Posted by Striker90 > 2022-12-04 16:10 | Report Abuse

Meanwhile the Ang boss pandai to play with share awarded at lowest price. nothing to lose for him. Just how he got cash to pump further

Posted by snowball2000 > 2022-12-06 11:56 | Report Abuse

@Striker90
Agree with your comments.. In 3Q2022 QR just announced, "the company had incurred RM14.0 million from issuance of LTIP". Strikingly, this amount given to management is almost equal to RM15.789 million in profit before tax recorded in 3Q2022! Would it make sense to award such a huge sum in LTIP to management when the company is not really performing well?

Posted by snowball2000 > 2022-12-06 11:58 | Report Abuse

All other segments are making losses except the joint venture in Vietnam. Even then the JV is subject to additional sovereign risk and potential debt crisis which may become more prevalent in emerging economies in 2023.

Posted by snowball2000 > 2022-12-06 12:01 | Report Abuse

Jaks has not been paying dividends and it is not expected to do so in the foreseeable future due to its tight financial position. Just hope that it would not have the need to call for additional capital injection from shareholders via rights issue or private placement. Fingers crossed!!!

Posted by snowball2000 > 2022-12-06 12:03 | Report Abuse

Its NTA per share of RM0.68 means nothing unless its businesses started to turn around. If someone invests based on this (i.e. its NTA is much higher than its share price), it may well turn out to be "cash trap"...

Posted by MIDASTOUCH87 > 2022-12-20 19:01 | Report Abuse

NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) : FUND RAISING | https://www.klsescreener.com/v2/announcements/view/3820807

Anothet PP, bloody hell.

Posted by Jarklp > 2022-12-21 09:53 | Report Abuse

This company gives no dividend and every year has no shame to ask shareholders for more money.

The management just cannot be trusted. I don’t see this company much different from Serbak.

Posted by hng33 > 2022-12-21 10:03 | Report Abuse

bought jaks at 24.5sen

Posted by hng33 > 2022-12-21 10:15 | Report Abuse

10% private placement is still better than right issue or free incentive share to director.

Posted by hng33 > 2022-12-21 10:17 | Report Abuse

The most important thing is jaks able to record increasinng profit forward. The local loss makinng construction already at tail end, and early next year come with new stream of long term income from 50MW solar plant

Posted by BursaVulture > 2022-12-21 10:32 | Report Abuse

run before it is too late, run

Posted by Sslee > 2022-12-21 10:33 | Report Abuse

When is JHDP expected to make its first dividend distribution?
- The power plant has only just been fully completed and operating since end January this year.
- Barring any unforeseen circumstances and subject to the profits and cash reserves available for distribution, we are anticipating the dividend pay out to be in mid-2022.

So JAKS need another cash call PP? What happen to the promised of dividend from JHDP?

Posted by BursaVulture > 2022-12-21 10:51 | Report Abuse

2017 PP
2018 PP
2019 PP
2021 PP
now
2022 PP

This is a rubbish stock, sell now before they PP again next year. Then consolidate, then throw down again until ah gong ah ma cannot recognize.

Posted by Sslee > 2022-12-21 10:56 | Report Abuse

The question to be ask, why wasted so much money with 50MW solar plant which give a poor single digit IRR when you can use the money to increase stake in vietnam power from 30% to 40%?

Posted by xiaoeh > 2022-12-21 11:03 | Report Abuse

Forget abt holding it long term, periodically buy low sell high is the way for stocks always call for PP and RI like Jaks

Posted by BursaVulture > 2022-12-21 11:05 | Report Abuse

Every year everybody says next year they will be profitable, but they go do PP almost every year. Better buy boring stock like MBB PBB UTDPLT and sleep like a baby than to cry like a baby in Jaks.

Posted by BursaVulture > 2022-12-21 11:12 | Report Abuse

every year also says next year will be very profitable...

Posted by BursaVulture > 2022-12-21 11:13 | Report Abuse

very very very profitable, this one nobody knows, but confirm next year PP again.

Posted by BursaVulture > 2022-12-21 11:24 | Report Abuse

Then next year Rights Issue

Posted by BursaVulture > 2022-12-21 11:26 | Report Abuse

They knew they need money for the viet power plant, why did they not save money? but go do other stuff like solar? i wonder why? construction business very easy to siphon money out. this one i know, i work in this industry. company can lose millions, but big boss can make millions indirectly.

Posted by Sslee > 2022-12-21 11:27 | Report Abuse

The current on-going construction projects in Malaysia are:
(i) Four (4) wastewater and water-related facilities projects with a total contract sum of RM684.5 million;
(ii) One (1) building construction project with a contract sum of RM87.9 million; and
(iii) One (1) property construction project with a contract sum of RM440.8 million.

Whilst the construction division booked in RM11.0 million profit before tax from the Vietnam EPC Contract 2, the losses from local projects recorded an overall net loss before tax of RM28.8 million.
The local construction projects, faced margins compression as well as escalating overheads and project costs. The FMCO in June 2021 and recovery phases that followed placed the local construction activities on standstill. Disruption in supply chains of building materials, equipment and the quarantine and movement restrictions of workers gave rise to manpower shortages. Domestic construction demand was generally low, particularly for the third and fourth quarters of FYE2021.

Posted by hng33 > 2022-12-21 11:29 | Report Abuse

If right issue with free warrant is to top up any shortfall from accumulated dividend to exercise addditional 10% stake in Vietname, then is good call. Vietname 30% profit become 40% is indeed good investment. The only setback is all exiting warraant, WB and WC will become white paper due to expire date approaching.

Posted by hng33 > 2022-12-21 11:33 | Report Abuse

just added all margin line to jaks, all at 24.5sen

Posted by Windy1974 > 2022-12-21 11:35 | Report Abuse

Assuming Vietnam profit is sufficient for the extra 10% stake, JAKS will still need to issue PP next year for cash flow. With current operations in Malaysia, it's just simply burning cash.
Now, the question i would like to know (But only can if i am worm in his stomach), is JAKS sacrificing itself for the good of Malaysian? (Since JAKS taking up loss making projects) or for something else......?? (Now, i am only speculating, since Malaysian are all good hearted like all sifus in i3 try to make you rich, not suckers ok)
As for LSS4, i was told by material suppliers only LSS1 can make money with the tariff rate secured. Even then, it's a 20 years uncertainty. Better pray they are not using low quality China solar panels or cheap cables.
At my age, i no longer believe in promises of heaven and earth but wanna see hard cold cash before i believe all the sweet talks

Posted by Jack King > 2022-12-21 11:54 | Report Abuse

0.230 soon

Posted by goldenluck16 > 2022-12-21 12:25 | Report Abuse

Money sucker counter.....avoid this fishy counter

Posted by goldenluck16 > 2022-12-21 12:28 | Report Abuse

One of the worst counters in Bursa. No one makes money except the directors.

Posted by Sslee > 2022-12-21 13:18 | Report Abuse

Dear Windy1974,
I bought Jayatiasa lately because of new CEO incharged and you can check what is Jayatiasa FFB and Oil yield increase for the past 5 months.

Beside Jayatiasa pay a dividend of 2.8 cents on 18th Oct 2022.

Posted by brightsmart > 2022-12-21 13:42 | Report Abuse

i3lurker > 15 minutes ago | Report Abuse

sslee
I think you better specialise and stick to your own area of expertise.
=========


and what is sslee specialty? disturb listed companies but without evidence/ logic

Posted by Sslee > 2022-12-21 13:56 | Report Abuse

qqq3 is right
What is sslee specialty? disturb listed companies but without evidence/ logic

My previous complaint abt Jaks.

Dear SC and Bursa,

Please investigate and make the finding and ruling on:

1. Had JAKS Board committed an offence of furnishing false or misleading financial statements to Bursa Malaysia under section 354(3)(f)(ii) of the Capital Markets and Services Act 2007 (CMSA) on disposal of JSB 51% equity in JIC to ICD for consideration of RM1.00?

2. On 6 October 2020, the Company awarded 19,945,000 ordinary shares (“LTIP shares”) under the Restricted Share Plan (“RSP”) to selected employees / executives of the Company and book Restricted Share plan ("RSP") expenses: RM 17,053,000. Should SC and Bursa disallow LTIP/Free grants since every free grant will cause the company to incur losses as expenses and clearly free grant is not in the best interest of the company thus in breach of Company Act 2016: 213: (1) A director of a company shall at all times exercise his powers in accordance with this Act, for a proper purpose and in good faith in the best interest of the company?

3. Please investigate is the JIC disposal to ICD benefited ICD directors: Chen Cheong Fat:65%, Rasli bin Musamah: 35% as both do not need to come up with their money to recapitalize JIC and after disposal JAKS write off JIC inter-company loans/advance as parts of Allowance for impairment of receivables: RM 69,507,000

Posted by brightsmart > 2022-12-21 14:07 | Report Abuse

go and disturb Hengyuan has no evidence or logic.........................its all your own interpretations and BS calculations.

Posted by brightsmart > 2022-12-21 14:10 | Report Abuse

the biggest fraud in recent history is serba....got disturb serba or not?

coming in future may be coastal..................got disturb coastal or not?

Posted by brightsmart > 2022-12-21 14:13 | Report Abuse

coastal brazil profits is epcc profits , we call it fake profits because it is between same principals/ parties, left hand right hand. ................its Jaks version 2.0.................. got disturb coastal or not? at worse its serba 2.0 then how?

Posted by brightsmart > 2022-12-21 14:18 |

Post removed.Why?

Posted by TanDavid88 > 2022-12-21 14:24 |

Post removed.Why?

Posted by TanDavid88 > 2022-12-21 14:27 |

Post removed.Why?