JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.13

Today's Change

-0.005 (3.70%)

Day's Change

0.13 - 0.135

Trading Volume

305,000


41 people like this.

64,972 comment(s). Last comment by Mikecyc 16 hours ago

Huangbk72

5,066 posts

Posted by Huangbk72 > 2024-07-05 18:18 |

Post removed.Why?

Posted by Investing_Bursa > 2024-07-10 15:08 | Report Abuse

Let’s go Jaks ! Let’s break out !

Posted by Silentreader88 > 2024-07-10 15:25 | Report Abuse

Lets go to the moon again. Guys, dont forget itronic as well. About to wake up too

Michael Kwok

6,435 posts

Posted by Michael Kwok > 2024-07-11 00:09 | Report Abuse

Buy call jaks 18 cents
Tp 25 cents.
11/7/24 12.10am

fl888

7,735 posts

Posted by fl888 > 2024-07-11 06:07 | Report Abuse

Next PP price might be 17cts if break 20cts today

Sslee

6,773 posts

Posted by Sslee > 2024-07-11 07:27 | Report Abuse

10% PP already over for this year, next will be LTIP free grant.
Next year will be another round of either PP or RI

Posted by StartOfTheBull > 2024-07-11 07:55 | Report Abuse

😁😁😁
Very soon Balia (formerly known as i3Licker) will join in.
And the drama continues.

Sslee

6,773 posts

Posted by Sslee > 2024-07-11 08:40 | Report Abuse

That one already run to Priva and will only come back to jaks year 2025.
And his reason is jaks will get another 500MW LSS5.

Posted by Investing_Bursa > 2024-07-11 09:29 | Report Abuse

Jaks warming up ! Lets go !

stevenckheng

1,347 posts

Posted by stevenckheng > 2024-07-12 11:11 | Report Abuse

still a buy call ?

warchest

1,814 posts

Posted by warchest > 2024-07-13 19:53 | Report Abuse

Let's give a chance to JAKS

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-14 15:26 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-14 15:35 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-14 15:37 |

Post removed.Why?

Sslee

6,773 posts

Posted by Sslee > 2024-07-14 17:19 | Report Abuse

ALP will be given 20 million of LTIP free grant jaks shares just for the MOU.

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-14 20:53 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-14 20:54 |

Post removed.Why?

Tyre220069

601 posts

Posted by Tyre220069 > 2024-07-15 02:58 | Report Abuse

Monday, share price jump start, above 20c,

fl888

7,735 posts

Posted by fl888 > 2024-07-15 03:56 | Report Abuse

Last tranche of Jaks PP can be at 18cts ?

Tyre220069

601 posts

Posted by Tyre220069 > 2024-07-15 07:23 | Report Abuse

Already fone stc14 5, listed but share price went up to 20.5c b4 came down to 17

Tyre220069

601 posts

Posted by Tyre220069 > 2024-07-15 07:23 | Report Abuse

Done at 14.5 c

Tyre220069

601 posts

Posted by Tyre220069 > 2024-07-15 07:33 | Report Abuse

a good track record from China, chances very high to get 500 mw
1:59 pm
500 mw easily 100 mil profit as Jaks has 51%.
2:00 pm
100 mil plus 135mil=235mil per year , now jaks value only 400mil plus..very cheap.
2:02 pm
Sell the mall asap..jaks market value should be 2 bi.
2:03 pm
80c , is fair price..WC 40c..will this achieve in 2024, b4

Sslee

6,773 posts

Posted by Sslee > 2024-07-15 08:07 | Report Abuse

JHDP doing very well but did jaks take up the addition 10% JHDP?

Sslee

6,773 posts

Posted by Sslee > 2024-07-15 08:19 | Report Abuse

The option to exercise the purchase of additional 10% shareholdings in JHDP has expired. The main objective for the Group is to focus on our core businesses, mainly Construction and Power & Energy.

We intend to bid up to 500MW for the upcoming LSS5, partnering a renowned global player in the power generation industry. CAPEX numbers are still being finalised at this juncture.

Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon. For the written-off of receivables please refer to reply 1.1. For the basis of trade receivables impairment please refer to 1.2 and 1.2.2.

All the material related party transactions are diclosed in note 35 (b) to the financial statement. During our course of audit, we are not aware of other related party transactions

Sslee

6,773 posts

Posted by Sslee > 2024-07-15 08:28 | Report Abuse

According to GTM Research, 1 MW solar farms require 6–8 acres to accommodate all the necessary infrastructure and space between panel rows

A 500 MW need how many acres?

Only plantation and big utilities companies stand a chance for a 500MW solar project.

Anyhow jaks can dream on.

Sslee

6,773 posts

Posted by Sslee > 2024-07-15 08:33 | Report Abuse

So not one take responsibility, accountability and answerable to total net impairment of RM153.5 millon receivables for the past 5 years?

Can expect more to come?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 08:43 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 08:47 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 08:51 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 08:54 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 08:55 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 08:58 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 09:02 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 09:10 |

Post removed.Why?

Sslee

6,773 posts

Posted by Sslee > 2024-07-15 09:24 | Report Abuse

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).


Full borrowing for 50MW LSS4.
Any bank dare to lend more money to jaks for LSS5 500MW?

godhand

1,944 posts

Posted by godhand > 2024-07-15 09:26 | Report Abuse

ss lee still holding jtiasa?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 09:28 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 09:30 |

Post removed.Why?

Sslee

6,773 posts

Posted by Sslee > 2024-07-15 09:38 | Report Abuse

Anyone hold BOD accountable, responsible and answerable to what BOD promised on the addition 10% JHDP in the 21th AGM?

At 21th AGM
Question: Please provide an update on the status of subscribing the additional 10% stake in JHDP. Is JRB planning for a cash call (right issue) to subscribe the additional 10% of JHDP?

Answer: We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.


At 22th AGM
Question: Purchase progress of additional 10% in Jaks Hai duong?

Answer: The option to exercise the purchase of additional 10% shareholdings in JHDP has expired. The main objective for the Group is to focus on our core businesses, mainly Construction and Power & Energy

warchest

1,814 posts

Posted by warchest > 2024-07-15 09:52 | Report Abuse

Let's give the Company a benefit of doubt. Once more

warchest

1,814 posts

Posted by warchest > 2024-07-15 09:53 | Report Abuse

after the AGM, i see finally the Group is trying to revive its issues especially on the funding. Short to mid term, i don't see 24 cents is an issue. every dog has its days. even the blackest one

warchest

1,814 posts

Posted by warchest > 2024-07-15 09:55 | Report Abuse

there are a few catalysts. if they can demonstrate they can recoup at least RM200m back in JHDP with dividend back to the shareholders. Moreover, they are working out on off-court settlement with the Star

warchest

1,814 posts

Posted by warchest > 2024-07-15 09:56 | Report Abuse

this company i can see as 10-15% downside with 100% potential upside

Sslee

6,773 posts

Posted by Sslee > 2024-07-15 10:16 | Report Abuse

Posted by godhand > 40 minutes ago |
ss lee still holding jtiasa?

Yes still holding Jtiasa. Expect quarter end 30/6/2024 result should be better than last quarter and with dividend.

If CPO price can hold above RM 3,900, I expect Jtiasa price to test the 52 weeks high of RM 1.53 by year end.

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 10:34 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 10:37 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 10:40 |

Post removed.Why?

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 10:43 |

Post removed.Why?

acnca84

117 posts

Posted by acnca84 > 2024-07-15 10:44 | Report Abuse

hahahihihuhu

Mikecyc

46,584 posts

Posted by Mikecyc > 2024-07-15 10:47 |

Post removed.Why?

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