Based on the total number of issued Shares of 2,369,850,544 as at LPD. Since the Effective Date up to the LPD, the Company had granted 174,154,760 Shares pursuant to share grant plan of the LTIP in the following manner: Eligible person(s) Total number of Shares granted pursuant to share grant plan (‘000) (i)% Directors 120,456 5.08 Key senior management 47,913 2.02 Other eligible employees 5,786 0.24 Total 174,155 7.34
JAKS Solar Power also participated in the Corporate Green Power Programme (CGPP) with multiple partners and was successfully selected as a solar power producer with a capacity of 29.99MW on 7 August 2023, together with two other consortium partners. JAKS Group has a 51% stake in the Consortium. At present, the Consortium is undergoing the approval process to participate in Single Buyer’s New Enhanced Dispatch Arrangement (“NEDA”) programme. The construction works for this project is expected to commence by end 2024 and scheduled for commercial operation by end 2025. (Page 15 of AR2023)
A) What is the expected development cost to be contributed by JAKS for the new project under CGPP? B) Considering JAKS's current negative net cash position, how does the Group plan to finance the funds required for this project?
A) The total development cost for the project is being worked out currently and estimated at approximately RM130.0 million, funded by a combination of debt and equity, of which JAKS’ portion is estimated to be between RM15.0 – RM20.0 million.
B) The funding plan includes internally generated funds such as dividend received from our oversea operations, JAKS Hai Duong Power Limited Co
When Dk is subscribing for the private placements Mike-tikus telling every Tom, Dick and Harry that his TA told him 18 sen is the floor and promoting and chase high up to 24 sen.
Aiyoyo, Bank refused loan to jaks for the addition 10% JHDP option. Is this because Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level?
So to become more healthy next year another round of PP or RI?
Repost Aiyoyo Mike-tikus, Jaks revenue of RM 14,217,000 not even enough to cover Other Operating, Administrative Expenses RM (15,997,000) what more Finance cost RM (8,054,000). So chamloh next year another PP or RI?
Quarter Quarter ended ended 31-Mar-2024 31-Mar-2023 RM'000 RM'000 Revenue 14,217 14,160 1 Cost of Sales (15,336) (13,337) Gross Profit (1,119) 823 Other Operating Income 510 489 Selling and Distribution expenses Other Operating, Administrative Expenses (15,997) (14,875) Operating Loss before finance cost (16,606) (13,563) Finance cost (8,054) (5,723) Operating Loss after finance cost (24,660) (19,286)
1.) Vietnam Power Plant Share of Profit n Dividends :
2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )
2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .
2022 : RM 156.2 million , Dividend RM 70.0 million
2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M
2023 : RM 131 million , Dividend RM 27.385 million
Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.386 Million
Total = RM 529.089 Million
> Share of Profit in QR ended March 2024 = RM 32.384 million
>> G. Total = RM 561.463 million
Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million. ( RM 400 million is from the Profit of Construction of the Vietnam Power Plant)
Initially PayBack 8 to 9 years ..
Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..
👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 , Payback period is 8 years.
1.) Vietnam Power Plant Share of Profit n Dividends :
2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 ) 2021 : RM 140.7 million (The 2nd Power Plant is COD on Jan 2021) 2022 : RM 156.2 million , Dividend RM 70.0 million 2023 : RM 131 million , Dividend RM 27.385 million
Total Share of Profit = RM 431.703 Million Total Dividend = RM 97.385 Million
Did anyone question BOD why 2023 dividend from JHDP reduce to RM 27.385 million compare to 2022 of RM 70 million?
Why Jaks did not take up the addition 10% JHDP option?
What will be expected 2024 dividend from JHDP?
Q1 2024 Finance cost RM (8,054,000) will dividend from JHDP enough to cover the finance/interest cost for FY2024?
How much did LSS4 50MW cost Jaks and did LSS4 make loss/profit? Know how much rental for 1700 acres will be and this time round any financial institution dare to lend any money to jaks?
Note: a 10 year term loan of RM 250 million taken for Envolve mall now still outstanding RM 211.42 million. Chamloh know how old already Envolve mall and how to pay the balance?
Facility Bank: Purpose of borrowing Interest rate(% perannum):Principal amount(RM’000):Tenure:Total amount: outstanding as at LPD(RM’000):Proposed repayment(RM’000)
Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall: 6.0 250,000 10 years 211,418 13,000
Term loan Maybank Term loan provided to part financethe acquisition of a 4-storey commercial property known as Pacific Towers: 7.4 100,000 10 years 73,635 10,000
Letter of credit /Trade financingAl-Rajhi Banking & InvestmentCorporate (Malaysia) Berhad To facilitate and finance local purchase/ importation of raw materials/ trading goods relating to Company’s principal line of business 6.5 40,000 N/A 22,500 10,000
👉Despite continual contributions from Vietnam Power Plant … LSS4 is expected to be contributing positively by 2024 ..( Completed n Commissioned on 21 August 2023 with 25 concession years tenure .) :
Depreciation charge is a non cash flow item which does not involve cash payment. LSS4 is making losses due to depreciation charges but net cash flow should be positive and able to pay the loan principal.
HDPP term loan 10 years, plant depreciation 25 years. So don't expect HDPP to pay good dividend till 2030. So only come back to revisit jaks year 2030.
1.) Vietnam Power Plant Share of Profit n Dividends :
2020 : RM 3.8 million ( 1 Power Plant is COD on Nov 2020 )
2021 : RM 140.7 million ( The 2nd Power Plant is COD on January 2021 ) .
2022 : RM 156.2 million , Dividend RM 70.0 million
2023 : 1QR = RM 28.326 M , 2QR = RM 32.312 M , 3QR = RM 35.862 M , 4QR = RM 34.503 M plus Dividend RM 27.386 M
2023 : RM 131 million , Dividend RM 27.385 million
Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.386 Million
Total = RM 529.089 Million
> Share of Profit in QR ended March 2024 = RM 32.384 million
>> G. Total = RM 561.463 million
Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million. ( RM 400 million is from the Profit of Construction of the Vietnam Power Plant)
Initially PayBack 8 to 9 years ..
Referring to the Grand Total , PayBack period is by 2024 .. ie : from 2021 to 2024 ~~ 4 years ..
👉From Vietnam Power Plant 1200 MW EPCC RM 8.7 Billion started on October 2016 , Payback period is 8 years.
Aiyoyo, I am a trader just trade for 30% gain or for fun of getting free bintang beer and lobster.
Unlike Mike-tikus try to act like FA and TA master (jaks' 18 floor is the bottom) and trapped himself in jaks since April 2023 and then promote jaks with misinformation day and night 24/7/365 non stop to no avail.
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....
Sslee
7,017 posts
Posted by Sslee > 2024-08-05 11:50 | Report Abuse
https://klse.i3investor.com/web/blog/detail/mswg_front_guard/2024-08-05-story-h-155948903
Is that Jaks MSWG talking about?