Since a land rezoning exercise a decade ago, Section 13 has seen tremendous changes, with more new developments — particularly mixed-use projects — coming up. Property consultants say once the area is fully redeveloped, it could transform into a premium neighbourhood
Jaks : Vietnam Power Plant Project BOT 25 years concession tenure. >>
A ) Referred to FY21 Annual Report :
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.
And Dividend RM 70.0 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 .
D) Referred to 2nd QR ended June 2023 : Share of Profit in Joint Venture is RM 32,312,000 . Wow really a Cash Cow , 💪.
Jaks has placed out more PP at much lower price of 0.18 and the market is happy with that and moved higher with historic volume. I wonder why such unseen volume is needed just to move a few cents up in share price. The only logical explanation is when you need to siphon out a large number of shares, the underlying transaction volume must be large enough to cover up the disposal. The transaction volume had to be large enough to move the stock into top active list to attract fresh trading players. Jaks has done this many times in the past. Those who have not sold are lucky for now only if you plan to sell just for a few cents more. However, just beware of sudden lost of interest in the stock. The up in share price has not change the underlying liquidity problems Jaks will be facing in the near future. In fact, the continuous PP exercises is a proof of liquidity problems. The latest AGM has approved another 10% PP. This is just my personal opinion.
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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....
Johnchew5
11,612 posts
Posted by Johnchew5 > 2023-09-01 15:40 |
Post removed.Why?