Posted by Sslee > 2023-09-17 11:30 | Report Abuse

Repost:
Stock: [JAKS]: JAKS RESOURCES BERHAD
Jul 18, 2023 1:24 PM | Report Abuse

Dun be silly!!
Its highly affordable.
=> Everybody only pays less than 10% of amount borrowed and all overdue interest is cancelled ....
... after company goes PN17


Posted by Sslee > 2 days ago | Report Abuse

LSS4 IRR is a poor single digit.
With borrowing of RM220 million and at increase interest payment will Jaks Solar Nibong Tebal make any profit?

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million)

Posted by Johnchew5 > 2023-09-17 11:37 | Report Abuse

Case study: JAKS Solar Nibong Tebal’s multilateral financing facility

By
Marlena Kareem
January 31, 2023

JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).


AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).


The facilities will fund the development of a 50 MW fourth large-scale solar (LSS4) photovoltaic plant in Seberang Perai Selatan, in the state of Penang in Malaysia in addition to financing working capital requirements.


While JAKS Resources’s principal activity is the construction of power plants, JAKS Solar was incorporated specifically to undertake the development of the LSS4 photovoltaic plant in Penang.


The underlying asset for the multilateral facility is the solar plant which is inherently a sustainable power generation facility.
The Islamic facilities in the multilateral financing comprise a Murabahah Tawaruq term financing facility worth RM80 million (US$18.84 million), two bank guarantees worth RM27.5 million (US$6.48 million) combined and a Murabahah Tawaruq cash line facility worth RM5 million (US$1.18 million).


The bank guarantees consist of a RM10 million (US$2.35 million) facility with a complementary term financing facility with a limit of up to RM10 million and a second bank guarantee of RM17.5 million (US$4.12 million) with a Murabahah Tawarruq complementary term financing facility with a limit of up to RM17.5 million.


According to Ng Kit Ho, the senior vice-president of loan markets and debt markets 1 at AmInvestment Bank, the primary challenge faced by the bank in executing the financing facility was the time constraint.


“The time between execution of the power purchase agreement and financials was extremely tight (four months) and was over the festive period,” Ng told ISFI.


According to Albar & Partners, which acted as the legal counsel on behalf of the financiers in this multilateral financing facility, the guarantees required in the facility also posed a challenge.


“Tenaga Nasional, as the off-taker of the power project, would only accept one single performance guarantee for the performance of the borrower under this power project, therefore AmBank Islamic and UOB were required to enter into a fronting arrangement for AmBank Islamic to issue a bank guarantee to UOB as a fronting guarantor, who shall then issue its own conventional bank guarantee to TNB as the performance bond of the power project on behalf of the borrower,” the law firm shared.


While sustainability-linked financing is steadily increasing in popularity as a financing cost-saving mechanism, Ng shared that JAKS Solar had considered sustainability-linked financing but ultimately decided against it.


Listed on Bursa Malaysia’s Main Market, JAKS Resources’s activities also include construction, power, energy and property investment and it is involved in the development of residential and commercial properties. Its principal geographical areas for its operations are located in Malaysia and Vietnam.

Posted by Johnchew5 > 2023-09-17 11:38 | Report Abuse

JAKS Solar Nibong Tebal: multilateral financing facility

RM112.5 million (US$26.5 million)

March 2022


Summary of terms and conditions
Islamic facilities amount RM112.5 million (US$26.5 million)
– Term financing facility RM80 million (US$18.84 million)
– Bank guarantees RM27.5 million (US$6.48 million)
– Cash line facility worth RM5 million (US$1.18 million)
Type of facility Mixture of project finance and working capital facilities.
Use of proceeds 1. Working capital requirements
2. Project costs including engineering, procurement, construction and commissioning works, professional fees, land leases and related expenses
3. Prefunding debt service reserve account
4. Financing cost of the facilities during construction
5. Fees and expenses in relation to the facilities
Tenor Term financing facility: Up to 16.5 years (inclusive of an 18-month grace period)
Cash line facility: On demand
Bank guarantees: Up to two years (inclusive of claim period)
Profit rate/yield Undisclosed
Payment frequency Term financing facility: Monthly
Cash line facility: Quarterly/on demand
Bank guarantees: Not applicable
Legal advisor Albar & Partners
Governing law Malaysian law

Posted by Johnchew5 > 2023-09-17 11:39 | Report Abuse

3.) August to September 23 : Solar LSS4 Project commissioning .

👉 COD ( commercial operations date ) on 21/8/2023


>> Generate Profit RM 10 million per year with 25 years concession period.

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Posted by Johnchew5 > 2023-09-17 13:54 | Report Abuse

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 5 hours ago | Report Abuse

Insas

*Cumulative 14 years 2009 to 2022
*Total cum. EPS (sen) 156.96
*Total cum. DPS (sen) 13.25
Total cum. Retained Earnings (sen) 143.71
DPO Ratio 8.4%


FY end price 2009 RM 0.45
FY end price 2023 RM 0.90
For every RM 1 earnings retained, we expect company to deliver RM 1 increment in share price.
For the amount retained of 143.71 sen or RM 1.4371, its share price has gained only RM 0.45.


Insas is either a very lousy company and priced accordingly, or a very lousy company that is very undervalued.


Quote

Gary Shilling:
The stock market has been rallying since August, and the markets usually do anticipate recoveries. They’ve anticipated twelve of the last eight, I think. Of course, you need to keep in mind that the stock market can remain irrational a lot longer than you can remain solvent.

Posted by UlarSawa > 2023-09-17 14:29 |

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Posted by Income > 2023-09-17 14:56 | Report Abuse

Banyak haru biru di sini.

Posted by StartOfTheBull > 2023-09-17 15:23 | Report Abuse

Dragonslayer permanently banned for life, now use new ID, Ularsawa, with her long snaky talk flooding forums non stop on behalf of her boss kon artist Lee. Ularsawa were also non stop talking in Top Glove forum, every time TG price dropped she said, "it is time to renew FD." Talked from RM5.60 untill price of 58c, lost her last underwear then cabut with only banana leaf to cover her bottom. 🤣🤣🤣

Posted by UlarSawa > 2023-09-17 15:52 |

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Posted by Chee Hoe Leong > 2023-09-17 16:47 | Report Abuse

I believe Jaks 🤣🤣🤣tomorrow all in 🤣🤣🤣
Malaysia boleh 👍👍👍

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Posted by Johnchew5 > 2023-09-17 21:21 | Report Abuse

14/9/2023 Thursday


T+ 2 = 5,909,000


12.30 pm : 0.205 VWAP : 0.205
Volume : 5,447,700



5.30 pm : 0.210 VWAP 0.206
 Volume : 9,084,400



Daily Range : 0.200 —- 0.210



===

15/ 9/2023 Friday


T+ 1 = 1,746,400


12.30 pm : 0.210 VWAP : 0.207
Volume : 4,625,900


5.30 pm : 0.205 VWAP 0.206
 Volume : 16,129,000



Daily Range : 0.205 —- 0.210



—


18/9/2023 Monday


T + 1 = 7,852,700

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Posted by Johnchew5 > 2023-09-18 05:57 | Report Abuse

14/9/2023 Thursday


T+ 2 = 5,909,000


12.30 pm : 0.205 VWAP : 0.205
Volume : 5,447,700



5.30 pm : 0.210 VWAP 0.206
 Volume : 9,084,400



Daily Range : 0.200 —- 0.210



===

15/ 9/2023 Friday


T+ 1 = 1,746,400


12.30 pm : 0.210 VWAP : 0.207
Volume : 4,625,900


5.30 pm : 0.205 VWAP 0.206
 Volume : 16,129,000



Daily Range : 0.205 —- 0.210



—


18/9/2023 Monday


T + 1 = 7,852,700

Posted by StartOfTheBull > 2023-09-18 06:08 | Report Abuse

Sui Sui Sui!

>> 🐉slayer in Sumatec ( banklap ) , Lambo ( worst than delisted price , price divided by 25. ) , Netx ( with aka id : Dragonwitch and Buah Ciku , worst than delisted price , price divided by 25.)

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Posted by Sslee > 2023-09-18 09:08 | Report Abuse

Repost:
You need CAPEX to modernise/automatic your plants/equipments to increase production capacity, only so stupiiiid is still so primative solely using increase labour to increase production capacity.

So now what happen to PA? Run out of labour to increse production capacity and become more profitable?

The super promoter of PA is now day and night promoting Jaks and refuse to answer question on Jaks yearly impairment of receivables and impairment loss in goodwill and yearly PP and RI

PA
Quarter
Revenue
PBT
NP
NP to SH
EPS
NAPS
Financial Year: 30-Jun-2023
30-Jun-2023 104,755 13,585 3,322 3,322 0.23 0.1876
31-Mar-2023 84,810 299 239 239 0.02 0.1849
31-Dec-2022 133,848 15,300 12,636 12,636 0.95 0.1843
30-Sep-2022 138,331 15,150 15,150 15,150 1.22 0.1797

Since jaks granted 70,500,000 ordinary shares (“LTIP Shares”) SG. Share grant on 10 july 2023 hence RM12.69M of LTIP expenses will only be charged to Q3 2023 under other operating, administrative expenses.
Hence Q3 2023 NP will be Q to Q and Y to Y drop

Based on past 4 years norm jaks Q4 2023 another Q to Q and Y to Y drop due to impairment on trade and other receivables and impairment loss on goodwill.

This is what happen the past 4 years.
12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490

No bank wants to lend anymore money to Jaks so Jaks every year either PP or RI

Question when will be the next PP or RI and at what price?
Ann. Date
Date
Type
Units
Price
View
07-Sep-2023 08-Sep-2023 Private Placement 80,014,700 0.180 Additional Listing Detail
26-May-2023 29-May-2023 Private Placement 129,017,000 0.185 Additional Listing Detail
30-Jun-2021 01-Jul-2021 Private Placement 272,667,000 0.475 Additional Listing Detail
27-May-2019 28-May-2019 Private Placement 58,465,313 0.700 Additional Listing Detail
29-Mar-2018 30-Mar-2018 Private Placement 49,631,200 1.380 Additional Listing Detail
23-Mar-2017 24-Mar-2017 Private Placement 43,836,100 1.360

13-Oct-2020 26-Oct-2020 RIGHTS_ISSUE Rights Issue 8.0000 : 5.0000
05-Nov-2018 16-Nov-2018 RIGHTS_ISSUE Rights Issue 1 : 2

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Posted by Sslee > 2023-09-18 09:15 | Report Abuse

Repost:
Is that sooooooo stupiiiiiiid someone cannot read nor understand what I posted on:
M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

Can anyone understand english kindly explain to sooooo stupiiiiiid why staff expense increase in 2021?

Ex Date:Type: Subject: Amount
02-Feb-2021 RIGHTS_ISSUE Rights Issue 2.0000 : 10.0000
23-Jan-2015 RIGHTS_ISSUE Rights Issue 1 : 5

RI of Insas-PB with free Insas-WC is a way to reward shareholders. You can either sell your entitlement or subscribe for the RI
I subscribe for my RI entitlement with 10% excess application and later sold the WC for a 6 digit gain.

Someone is very jeleous I make 6 digit gain from the WC.
Recently bought back some WC because history will repeat again. In the past someone promote PA, and WC rocket pass PA. Now that someone day and night promote Jaks hence WC will/shall rocket pass Jaks soon.

去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.
Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.
Balance sheet the non current asset associate companies value increase by RM 131.3 million.

Did someone know Jaks every year PP way below NTA?

Insas still hold 537,008,575 inari share (associate company) and
1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.
Know what is the market value of 537,008,575 inari share and 1,215,718,665 M&A share?
Know insas yearly dividend income from Inari alone?

Since when a car rental business in Singapore is profitable?
Someone must be smart to dispose capitalA for disposal gain before Covid-19 strike. Only dumb dumb hold Icapital TTB still holding capitalA before covid-19 untill now. Most likely TTB will still dumb dumb hold capitalA till suspension and delist

By the way Omesti is not an Associate company of insas: In balance sheet it is one of many equity investment held in current assets: Financial assets at fair value through profit or loss, as at 30/6/2023 that assets at mark to market value: RM 222,832,000

As at 30/06/2023
NAPS: RM 3.53
Deposits with licensed banks and financial institutions: RM 943,505,000
Cash and bank balances: RM 104,747,000
Total: RM 1,048,252,000
Less:
Cash and bank balance pledged: RM (2,376,000)
Fixed deposits pledged: RM (233,801,000)
Free Fixed deposits and cash and bank balance: RM 812,075,000