Posted by Johnchew5 > 2023-10-16 08:39 |

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Posted by Sslee > 2023-10-16 10:19 | Report Abuse

No wonder Jaks cannot received the retained money (receivables) for JHDP project. Jaks contracted conveyor belt transporting system is often broken.

At the meeting, Chairman of Quang Thanh Commune People's Committee Luu Huu Nhan reported: Because the conveyor belt transporting ash and slag from the thermal power plant to the gathering yard is often broken, the plant has transported it by public road and has discovered generates dust, causing environmental pollution.

"The dust is because the road has a steep slope. Going there, the car generated dust and people reported that many times they went out to block the car from moving. The government has mobilized and propagated for the people to understand so as not to lose security and order," Mr. Nhan said.

After listening to reports from relevant units, Vice Chairman of Hai Duong Provincial People's Committee Luu Van Ban concluded:

It is required that from 0:6 on September 9, Jaks Hai Duong Electric Power must immediately stop transferring ash and slag waste out of the factory by both road and waterway.

Temporary pause until the enterprise overcomes the environmental pollution situation when transferring ash and slag waste from the factory to outside.

Posted by curiousq > 2023-10-16 10:26 | Report Abuse

since the scammers group comes to spam, jaks can never performers, worst than mad dog sifu ......

pi mampus lah !!!

Posted by Johnchew5 > 2023-10-16 10:27 |

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Posted by Huangbk72 > 2023-10-16 10:30 | Report Abuse

Right SSLee

A quick check with industry players, this should not even happen. Its the basic operations of a plant. Never should have continuous breakdown. Means a bigger issue is not disclosed.

Posted by Sslee > 10 minutes ago | Report Abuse

No wonder Jaks cannot received the retained money (receivables) for JHDP project. Jaks contracted conveyor belt transporting system is often broken.

At the meeting, Chairman of Quang Thanh Commune People's Committee Luu Huu Nhan reported: Because the conveyor belt transporting ash and slag from the thermal power plant to the gathering yard is often broken, the plant has transported it by public road and has discovered generates dust, causing environmental pollution.

"The dust is because the road has a steep slope. Going there, the car generated dust and people reported that many times they went out to block the car from moving. The government has mobilized and propagated for the people to understand so as not to lose security and order," Mr. Nhan said.

After listening to reports from relevant units, Vice Chairman of Hai Duong Provincial People's Committee Luu Van Ban concluded:

It is required that from 0:6 on September 9, Jaks Hai Duong Electric Power must immediately stop transferring ash and slag waste out of the factory by both road and waterway.

Temporary pause until the enterprise overcomes the environmental pollution situation when transferring ash and slag waste from the factory to outside.

Posted by Sslee > 2023-10-16 10:32 | Report Abuse

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.

Posted by curiousq > 2023-10-16 10:33 | Report Abuse

pi mampus lah !!!

chow hai

Posted by StartOfTheBull > 2023-10-16 10:33 | Report Abuse

Kon Lee always appears whenever he finds opportunity.

Posted by Sslee > 2023-10-16 10:33 | Report Abuse

Please explain how the RM70 million dividend received from JHDP was
utilised?

As per the Annual Report, the dividends received from JHDP in year 2022 were mainly utilised for working capital and debt servicing.

Posted by Johnchew5 > 2023-10-16 10:38 |

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Posted by Johnchew5 > 2023-10-16 10:40 |

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Posted by Huangbk72 > 2023-10-16 10:40 | Report Abuse

@ SSLee

Correct me if Im wrong
Jaks is 100% facing cash flow issues.

If receivables are solely generated from Vietnam, it reinforces the data that they are facing issues there.

Best is the management comes clean on Vietnam power agreement. There are never any disclosures

Posted by Johnchew5 > 2023-10-16 10:41 |

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Posted by StartOfTheBull > 2023-10-16 10:48 | Report Abuse

As we can see the price movement now, no discussion whatsoever can affect the share price.

Posted by StartOfTheBull > 2023-10-16 10:51 | Report Abuse

SSLee is the only one always like to ask question in the forum.

Posted by Johnchew5 > 2023-10-16 10:51 |

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Posted by Johnchew5 > 2023-10-16 10:52 |

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Posted by Huangbk72 > 2023-10-16 10:52 | Report Abuse

Easy then.. Take up my challenge.. Dont snipe and run

Hoho see Pokkai Kon Huangbk72 don’t know where to get The Remunerations details… only know Write Essay , copy n repost other ppl post info .. to Kon ppl ..

No wander is Loss Naked in Pmcorp on 2013 until hibernated more than 7 years .. as a Promoter together with Conartist Calvin .. taken Calvin Info ke … hahahaha…

Posted by Johnchew5 > 2023-10-16 10:53 |

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Posted by Johnchew5 > 2023-10-16 11:00 |

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Posted by Johnchew5 > 2023-10-16 11:07 |

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Posted by Sslee > 2023-10-16 11:07 | Report Abuse

The Hai Duong project is a joint equity with China partner CPECC. Total cost is USD1.87 Billion. ( This is from initial disclosure. Might have changed during construction)
Project is 75% financed by 3 China banks and 25% equity.

It was confirmed during last AGM the banks that provide the loans for 75% finance abt USD 1.4 billion have change the loan term period to 10 years. (Banks must have their doubt about the future of coal fire power plant and demand to be payback early)

With 10 year repayment period JHDP will have cash flow problem to pay off the USD 1.4 billion term loan. You can say for sure no more dividend from JHDP till year 2031

Posted by Sslee > 2023-10-16 11:17 | Report Abuse

Tepost:
FY 2022: FY2021
RM'000, RM'000
Revenue 89,794 108,145
But
Trade and Other Receivables 340,873 344,366

Question 1:How can Trade and Other Receivables is 3X revenue?

Question 2 Why come Q4 impairment loss on goodwill and receivables?

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

Posted by SomaCruz89 > 2023-10-16 11:25 |

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Posted by Johnchew5 > 2023-10-16 11:31 |

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Posted by Huangbk72 > 2023-10-16 11:42 | Report Abuse

@ Ular..

The profit reported by Jaks, I dont thinks it from revenue generated from power generation. Its just flow back commission and its just a fraction of what was agreed during the initial stage.

What is certain, This power plant is facing many issues. Money, regulatory, profit etc

Can continue camp here... will be interesting to see how Jaks dig themself out of this hole

Posted by StartOfTheBull > 2023-10-16 13:58 | Report Abuse

Ularsawa, the long tongue snake, talking to himself again.

Posted by StartOfTheBull > 2023-10-16 15:04 | Report Abuse

When big shots discussing others keep quiet and listen only, tin kosong example Ularsawa keep talking to himself by the side. What a shameless snake.