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 , 💪.
—
>> JHDP has been granted the Investment Certificate by the Ministry of Planning and Investment of Vietnam on June 2011 to develop a 2 x 600 MW Coal Fired Thermal Power Plant Project in Phuc Thanh Commune, Kinh Mon District, Hai Duong Province, Vietnam ("Hai Duong BOT Thermal Power Plant"), under the form of Build-Operate-Transfer ("BOT") for 25 years.
>>> Construction of Hai Duong BOT Thermal Power Plant has commenced in the first half of 2016. Hai Duong BOT Thermal Power Plant achieved the commercial operation for its first unit on November 2020, while the commercial operation for the second unit was achieved in January 2021.
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 , 💪.
—
>> JHDP has been granted the Investment Certificate by the Ministry of Planning and Investment of Vietnam on June 2011 to develop a 2 x 600 MW Coal Fired Thermal Power Plant Project in Phuc Thanh Commune, Kinh Mon District, Hai Duong Province, Vietnam ("Hai Duong BOT Thermal Power Plant"), under the form of Build-Operate-Transfer ("BOT") for 25 years.
>>> Construction of Hai Duong BOT Thermal Power Plant has commenced in the first half of 2016. Hai Duong BOT Thermal Power Plant achieved the commercial operation for its first unit on November 2020, while the commercial operation for the second unit was achieved in January 2021.
We should look at the direction or the trend in which Jaks is moving. Jaks climbed up from 0.18 to 0.245 before it closed at 0.21 on Friday. Jaks is on uptrend
200 days morning average for JAKS is at 0.22, once broken and can sustaine above 0.22, is a reversal become uptrend. Can refer many other counters like UEMS, YTL, IWCITY, MRCB, EKOVEST, YTLPOWER and many others
we are on the verge of a technological change like steam engine to internal combustion engine. Just like steam engine companies died so will power plant companies based on coal die as well.
To limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above preindustrial temperatures — the target named in the Paris Agreement that would prevent the most catastrophic impacts of climate change. They found that in order to have a 50 percent chance of achieving this target, 58 percent of known oil reserves, 59 percent of natural gas reserves, and 89 percent of coal reserves cannot be extracted.
=> otherwise flying becomes obsolete, air turbulence will require surface travel via ocean going ships 🤣👍
Who wants to make RM1,835,548.59 to RM5,506,645.77 risk-free without up front capital?
Here's how, just report tax evaders
Between 2019 and July 2023, Jaks has issued the following amount and value of shares under the share grant plans:
____________________ Units ___________ Value (RM) July 2023 ________ 70,500,000 ________ 12,690,000 2022 _____________ 45,000,000 ________ 11,700,000 2020 _____________ 19,945,000 ________ 17,052,975 2019 _____________ 38,709,760 ________ 19,741,978 Total ____________ 174,154,760 ________ 61,184,953
The number and value of free shares issued were 174,154,760 and RM61,184,952!!!
The shares were issued for FREE and the expenses were charged to the company under administrative expenses
Since Ang Lam Pah & Co did not pay for the shares, the entire value of RM61,184,953M is considered as ‘perquisites’ under Section 13(1)(a) of the income tax. Act (ITA) in 1967.
At the income tax rate of 30%, Ang Lam Pah & Co will need to pay at least RM18,355,485.9 in back taxes
That's before penalties and compounds
Penalties and compounds may triple the amount to RM55,066,457.7
Any whistle blower to LHDN will get 10% reward
The reward will range from RM1,835,548.59 to RM5,506,645.77
That's seven figures easy money
Ang Lam Poah IC registered with LHDN: *70623-10-53+^
Details of corporate proposal Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP No. of shares issued under this corporate proposal 70,500,000 Issue price per share ($$) Malaysian Ringgit (MYR) 0.1800 Par Value($$) (if applicable) Latest issued share capital after the above corporate proposal in the following Units 2,289,834,607 Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,110,701,554.000 Listing Date 10 Jul 2023
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 > 2023-09-10 08:52 |
Post removed.Why?