Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why it is declining . The market is extremely cautious in wake of SD
Nope, KL index has been improved to great extent . Irrespective of what the outcome of the state election to be , federal government is still intact. No effect on the market. Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why share price has been declining fast and furious . The market is extremely cautious in wake of SD
Irrespective of what the outcome of the state election to be , federal government is still intact. No effect on the market. Judging from the reaction of the market ( the market is said to be versatile and discerning), there must be a valid reason why share price has been declining fast and furious . The market is extremely cautious in wake of SD
Aiyooo Ular. Why bother with him lah. The more he slander and bark at me, the more profit I get. Let him be. And forget rubbish like Jaks. Better to look and decide the counter I gave you this morning. ,🤣🤣🤣
Judging from the forward PE,t he upcoming QR is expected to be worse than that of previous QR .It is expected to be a penny stock faster than you and me could imagine.
The Proposed DRP will be tabled as a special business at the 21st Annual General Meeting (“AGM”) of JAKS, which will be held on a fully virtual basis at the broadcast venue at Manuka 2&3, Unit 29-01, Level 29, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia on Tuesday, 27 June 2023 at 10.30 a.m.. The notice of the 21st AGM of the Company together with the Form of Proxy, Administrative Guide and this Circular are available online at the Company’s website at http >> illustration: Focus on Maximum Scenario :
91,944,315 New Share on DRP on Assumptions:
1.) All the 171,488,288 outstanding Warrants B are EX . 2.) All the 525,564,900 outstanding Warrants C are EX .
Maturity 2025-11-18
3.) All the 141,474,619 outstanding LTIP Options are EX .
4.) All the 292,884,436 Private Placement are issued Prior to the implementation of the Proposed DRP .
On behalf of the Board, UOBKH wishes to announce that the Board has resolved to fix the issue price for the Private Placement at RM0.1850 per Placement Share. The issue price of RM0.1850 represents a discount of RM0.0175 or approximately 8.64% to the 5-day VWAP of JAKS Shares up to and including 17 May 2023, being the market day immediately preceding the price-fixing date of RM0.2025 per JAKS Share. This announcement is dated 18 May 2023. — On behalf of the Board, UOBKH wishes to announce that an application has been submitted to Bursa Securities on 3 July 2023 to seek for its approval for an extension of time of up to 29 January 2024 for the Company to complete the implementation of the Private Placement (“Extension of Time Application”). The Extension of Time Application is sought pursuant to Paragraph 6.63 of the Listing Requirements.
JAKS have done many times of private placement throughout the years, please brief us on the projects in Vietnam and other projects. How do these projects demonstrate a healthy cash flow
considering the The investment in Hai Duong BOT thermal power plant was successfully completed in January 2021. Since then, it has proven to be a rewarding venture for the Group. i.e. the dividend received amounted to RM70.1 million in 2022. We expect Hai Duong power plant to continue to provide a steady income stream to the Group throughout its’ 25-year
Is the Company facing issues on collections given the high receivables recorded on the Company’s balance sheet? What are the mitigating actions in place to tackle this issue? The receivables consist of contract and retention sums for construction projects, including the USD454m Engineering, Procurement and Construction (“EPC”) 2 Vietnam Contract. We do not foresee any problems with the collection when it is fully completed.
The turnaround to Profitability was mainly from the share of profit in the Vietnam joint venture which amounted to RM 140.7 million in FYE2021 as compared to RM3.8 million in the previous year .
B ) Referred to FY22 Annual Report :
The increase in Profitability arose from the Higher share of Profit from the Vietnam joint venture that rose by 11 % to RM 156.2 million.
C ) Referred to 1st QR ended March 2023 :
Share of Profit in Joint Venture is RM 28,326,000 compared to March 2022 RM 33,936,000.
( Note : from Key Matters Discussed, the reduced Share of Profit is due to increased interest expenses .
Investors are very cautious to trade/ invest in this counter in the wake of the recent sensational case of SERBADK Dynamics (SD) where funds raised were channelled to fund " fake oversea projects"
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
UlarSawa
35,552 posts
Posted by UlarSawa > 2023-08-02 15:12 |
Post removed.Why?