JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.135

Today's Change

0.00 (0.00%)

Day's Change

0.13 - 0.135

Trading Volume

589,000


41 people like this.

64,972 comment(s). Last comment by Mikecyc 2 days ago

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 08:43 |

Post removed.Why?

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 08:45 | Report Abuse

China will 100% exit Coal business in Vietnam eventually

It’s long time coming.. can wait

Immediate concern is 12% reduction in tariff rate

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-22 08:47 |

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Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-22 08:49 | Report Abuse

👉 In a press release on May 16, 2023, the government stated "[f]rom now until 2025, there is no limit to the capacity of rooftop solar power development 👉provided that the prices are reasonable and the existing transmission network is not overloaded."1.

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 08:51 |

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Posted by AnakUlarSawa > 2023-10-22 08:54 |

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Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 08:54 |

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Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-22 08:56 |

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Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-22 08:56 |

Post removed.Why?

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 09:09 |

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Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 09:13 |

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Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 10:15 |

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Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 10:35 | Report Abuse

Why all your copy and paste theories cannot be proven?

Want to challenge again?

Berani kerana benar or Takut kerana salah?

Prove me is Loganathanrhb

Prove me lost in Pmcorp

Easy peasy challenge.. Not even testing your TA and FA.. just testing your IQ 😁😁

Loser vanish from i3 forever

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 10:35 |

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BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-10-22 10:53 | Report Abuse

You didn't hear??.....There ain't gonna be any 2030!!!

WW3 starts right now.

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 10:56 |

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Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 10:59 |

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Posted by Bruce_Wayne > 2023-10-22 12:24 | Report Abuse

Diary of Conpipi

Postings by Steady Punpipi
https://klse.i3investor.com/web/cube/profile/1644999172450545


Stock: [JAKS]: JAKS RESOURCES BERHAD
2020-12-30 10:29 | Report Abuse

Any price below 0.70 still a very attractive entry price


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2021-06-13 07:08 | Report Abuse

I m vested and still collecting on any dip from 0.605 next weeek to show my support for SD ...when a friend in need is a friend indeed ...SD will becomes stronger and better in good hands leadership of Karim and his loyal crews after this unfortunate ordeals .


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2021-06-14 08:13 | Report Abuse

Those annoying lowballers KPMG cronies suddenly getting lesser .... Its a beautiful morning today!


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2021-06-30 23:06 | Report Abuse

Keeping safely in my safe until all this dramas end....can keep 5 to 10, years also no issues


Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
2021-07-28 17:19 | Report Abuse

Fundamental intact , my TP rm1.60 in 2 years still legit....those buying now can thank me later


Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
4 weeks ago | Report Abuse

Relax ...Big Boss will not let it go down too low ....support at 0.80 is crucial


Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2 weeks ago | Report Abuse

Great News !!! Insider collecting quietly awaiting Fri Good QR

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 13:59 |

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Posted by StartOfTheBull > 2023-10-22 14:54 | Report Abuse

Ular, your grab also dropped 4% last week. You dah lari belum?

Sslee

6,790 posts

Posted by Sslee > 2023-10-22 17:51 | Report Abuse

Repost on Jaks Q3 and Q4 update:

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 drop

Based on past 4 years norm jaks Q4 2023 another Q to Q 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

xiaoeh

2,696 posts

Posted by xiaoeh > 2023-10-22 18:39 | Report Abuse

Wait at $0.18

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-22 19:09 | Report Abuse

U posted 9c...

Now 5c?

😁😁

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-22 19:48 |

Post removed.Why?

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 00:37 |

Post removed.Why?

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 00:38 |

Post removed.Why?

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 00:42 |

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Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 00:49 | Report Abuse

MA10 : 0.210


1.) 1st hurdle BB 20 2 Mid : 0.2095 Done 


2.) 2nd hurdle MA200 : 0.2136


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


—-

MA10 : 0.2095


1.) 1st hurdle BB 20 2 Mid : 0.2100 


2.) 2nd hurdle MA200 : 0.2132


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.213 CP : 0.215


MA10 : 0.2090


1.) 1st hurdle BB 20 2 Mid : 0.2102


2.) 2nd hurdle MA200 : 0.2111


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.206 CP : 0.205


Observation : Consolidation period : MA200 price is reducing …


—-

MA10 : 0.2080


1.) 1st hurdle BB 20 2 Mid : 0.2095


2.) 2nd hurdle MA200 : 0.2109


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.204 CP : 0.200


___


👉 Observation : Consolidation period : MA200 price is reducing …


👉 1/9/2023 : Price is Up from 0.205 to 0.235 , 2/9 Highest 0.245 …

At that Time : MA400 is 0.27 …
52W H is 0.34 …


👉 Consolidation period in 2nd month …

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-23 08:54 | Report Abuse

To Jaks current investors and would be.

Breaking news for you

1) Revenue from Vietnam plant reduced from now onwards. Tariff rate has been reduced 12%
2) VN will be phasing out coal powered plant
3) China will eventually pull out from VN.
4) Jaks plant in VN is projected to report lower revenue for Q3

Food for thought

Sslee

6,790 posts

Posted by Sslee > 2023-10-23 09:59 | Report Abuse

So what has Ang Lam Poah acheived to rightfully earned a salary n Bonus of RM 1,980,000

CEO Ang Lam Poah :
Salary n Bonus = RM 1,980,000 . EPF & Sosco = RM 235,002 . Allowances = RM 36,700 . Other Emoluments = RM 7,700,000 .
Total = RM 9,951,702 .

By the way those millions in impairment lose in goodwill and receivables are ALP unofficial extra incomes.

stockraider

31,556 posts

Posted by stockraider > 2023-10-23 10:15 | Report Abuse

Ang Lam Poah.....pay himself with high salaries & big esos at the end screwed the minority shareholders loh!

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-23 10:16 | Report Abuse

Its his business.. not public..

Sendiri Kong Sendiri Song... Who can rebel?

Posted by Sslee > 15 minutes ago | Report Abuse

So what has Ang Lam Poah acheived to rightfully earned a salary n Bonus of RM 1,980,000

CEO Ang Lam Poah :
Salary n Bonus = RM 1,980,000 . EPF & Sosco = RM 235,002 . Allowances = RM 36,700 . Other Emoluments = RM 7,700,000 .
Total = RM 9,951,702 .

By the way those millions in impairment lose in goodwill and receivables are ALP unofficial extra incomes.

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-23 10:17 | Report Abuse

That is before VN government announced new lower tariff rate..

This super low ROE is not even possible going ahead..

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 14 minutes ago | Report Abuse

ROE 3.81%

StingRay

6,871 posts

Posted by StingRay > 2023-10-23 10:26 | Report Abuse

Many no longer have much faith on this.

StingRay

6,871 posts

Posted by StingRay > 2023-10-23 10:29 | Report Abuse

Market encountering knee jerk reaction due to war in I3. Impact worst than Gaza war. 🤣

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 10:51 |

Post removed.Why?

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 10:52 |

Post removed.Why?

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 10:53 |

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Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 10:55 | Report Abuse

Cash Flow from Operating Activities :

( RM 894,000 )


Purchase of PPE and Right of Use :

( RM 31,082,000 ) in LSS4 Solar Project

>> Increased in Non Current Assets .

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 10:56 | Report Abuse

> Accumulated Profit : 343,661,000. ( 1QR 324,951,000 ) ( Audited as on December 2022 is RM 310,874 ,000 )

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 10:57 |

Post removed.Why?

Posted by loganathanrhb > 2023-10-23 17:31 | Report Abuse

Jaks the jackal

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 21:27 | Report Abuse

MA10 : 0.210


1.) 1st hurdle BB 20 2 Mid : 0.2095 Done 


2.) 2nd hurdle MA200 : 0.2136


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


—-

MA10 : 0.2095


1.) 1st hurdle BB 20 2 Mid : 0.2100 


2.) 2nd hurdle MA200 : 0.2132


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.213 CP : 0.215


MA10 : 0.2080


1.) 1st hurdle BB 20 2 Mid : 0.2095


2.) 2nd hurdle MA200 : 0.2109


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.204 CP : 0.200


___


MA10 : 0.2075


1.) 1st hurdle BB 20 2 Mid : 0.2088


2.) 2nd hurdle MA200 : 0.2107


3.) 3rd hurdle MA400 ( from 0.27 to 0.25 )


4.) 4th hurdle 52W H ……( from 0.34 to 0.305 )


VWAP : 0.200 CP : 0.200




👉 Observation : Consolidation period : MA200 price is reducing …


👉 1/9/2023 : Price is Up from 0.205 to 0.235 , 2/9 Highest 0.245 …

At that Time : MA400 is 0.27 …
52W H is 0.34 …


👉 Consolidation period in 2nd month …

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-23 21:31 | Report Abuse

Average Volume (3M) 18,723,400
Relative Volume 1.1

Huangbk72

5,066 posts

Posted by Huangbk72 > 2023-10-23 21:39 | Report Abuse

Many stock investors are not i3 readers.

Many are not aware of latest tariff update from Vietnam. Maybe or not, local media will pick up on this news which I doubt so.

Investing is all about information.

12% reduction on tariff rate is a BIG impact for Jaks that rely solely on VN plant.

Latest update on Jaks Hai Duong Plant

In October 2023, Price for all coal plant power generated will be reduced from maximum (2022 price frame is 1.773,76/kWh) to new tariff rate ( 0 - 1.559,7 VND/kWh)

Earnings for Jaks will be reduced from Vietnam by 12% due to revised new power tariff.
Currency impact ( Paid in VN and Loan in USD) as disclosed by Bruce Wayne..

This time is really Mati Kudasai

https://vietnamenergy.vn/approving-the-coal-price-framework-electricity-generation-prices-from-the-coal-power-and-hpps-in-2023-31595.html

https://www.vietnam.vn/en/dien-than-cao-nhat-la-1-559-dong-kwh/

StingRay

6,871 posts

Posted by StingRay > 2023-10-23 22:42 | Report Abuse

Those that read will take action first rather than wait till last minute in the panic. 🤣

Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-24 00:08 |

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Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-24 00:43 |

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Johnchew5

11,610 posts

Posted by Johnchew5 > 2023-10-24 06:50 |

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