Posted by JediMaster1 > 2024-09-10 17:15 | Report Abuse

Now selling land to cover loan later on nothing to sale sure Bankruptcy this JAKs !!!

Posted by Sslee > 2024-09-10 17:55 | Report Abuse

Know how much JAKS Solar Power Sdn Bhd need to pay rental to the new land owners to rent the land for next 24 years for the 50MW solar farm?

Posted by Psng1215 > 2024-09-10 18:11 | Report Abuse

JAKS Resources Bhd (KL:JAKS) said it is disposing of 178.48 acres of oil palm land in mainland Penang for RM77.74 million.

Posted by jjohnchew > 2024-09-10 21:04 |

Post removed.Why?

Posted by jjohnchew > 2024-09-10 21:04 | Report Abuse

Jaks :

QR ended June 2024 :

1.) Revenue RM 13.1 million…. Net Profit RM 8.4 million.


2.) Share of Profit = RM 21.33 million

Dividend = RM 14.21 million


3.) Construction Division incurred Loss ( RM 7.1 million)

4.) Property Investment Division incurred Loss ( RM 9.2 million)

5.) LSS4 Solar 50 MW in Penang : Profit RM 0.4 million.

Posted by jjohnchew > 2024-09-10 21:15 |

Post removed.Why?

Posted by jjohnchew > 2024-09-10 21:17 | Report Abuse

B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)


2.) QR ended December 2023 :

Revenue: 4.3 Million , Loss ( 0.4 Million )


3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉( Note : Loss is due to Depreciation.)

Posted by jjohnchew > 2024-09-11 00:55 | Report Abuse

>> Vietnam Power Plant is a Capital Intensive Project with Value USD 1.87 Billion ( RM 8.7 Billion) .. 
Construction is started on 2016 , 2 unit Power Plant final COD on January 2021 :

Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X


Posted by jjohnchew > 2024-09-11 01:06 | Report Abuse

Hoho is time to unlock the value of Evolve Mall …with net book value RM 280 million as at FYE2023 …revaluation on 2013 .

Posted by Sslee > 2024-09-11 07:08 | Report Abuse

Jaks as at 30/6/2024
RM'000
Current Liabilities
Bank borrowings 59,894
Bank overdraft 5,877
Non-Current Liabilities
Long Term Borrowings 407,622

So with land disposal cash inflow of RM77.74 million Jaks should have enough cash for repayment of borrowings and working capital for FYE 2024.

After that still need RI or PP till year 2030. Or like Mike-tikus suggest disposal of Evolve mall then again any buyer when Evolve mall is loss making every year.

Has Mike-tikus already learnt the peril of negative operating cash flow?

Posted by jjohnchew > 2024-09-11 08:29 | Report Abuse

Posted by Johnchew5 > 1 week ago | Report Abuse

Jaks Free Cash Flow by Quarterly :

30/9/2023 :

Free Cash Flow : + 6.21 million
Free Cash Flow Growth : + 146.08 million

31/12/2023 :


Free Cash Flow : + 61.48 million
Free Cash Flow Growth : + 889.59 million


31/3/2024 :


Free Cash Flow : - 37.79 million
Free Cash Flow Growth : - 161.47 million



30/6/2024 :

Free Cash Flow : - 11.96 million
Free Cash Flow Growth : + 68.34 million



>>>

Jaks Free Cash Flow by Yearly :

31/12/2021 :

Free Cash Flow : - 28.17 million
Free Cash Flow Growth : + 34.28 million


31/12/2022 :

Free Cash Flow : - 171.22 million
Free Cash Flow Growth : - 507.73 million



31/12/2023 :

Free Cash Flow : + 3.78 million
Free Cash Flow Growth : + 102.21 million

Posted by Sslee > 2024-09-11 10:17 | Report Abuse

Repost
Jaks
Current Year Preceding Year
12 Months 12 Months
ended ended
31-Dec-2023 31-Dec-2022
RM'000 RM'000
Cash generated from / (used in) Operating activities (9,604) (73,970)
Interest paid (7,221) (2,573)
Income tax paid (2,638) (4,403)
Net Operating Cash Flow (19,463) (80,946)

Note part of interest payment is state under financing activities:
Cash flows from / (used in) financing activities
Proceeds from issuance of share capital 38,272 711
Interest paid (21,287) (21,813)
Drawdown / (Repayment) of short term borrowings 2,178 (7,225)
Drawdown (Repayment) of lease liabilities 1,163 (228)
Drawdown / (Repayment) of bank term loans (5,354) 132,129
Share issuance expenses (882) -
Net Financing Cash Flow 14,090 103,574

Cash flows from / (used in) investing activities
Purchase of property, plant & equipment and right-of-use (60,640) (140,319)
Interest received 748 1,425
Proceeds from disposal of property, plant & equipment 507 206
Dividend received from Joint Venture company 27,386 70,132
Decrease / (Increase) in deposits pledged 29,578 (4,877)
Addition to investment in Joint Venture company Bank balance held as security values (9) (12) - -
Net Investing Cash Flow (2,430) (73,445)

Posted by JediMaster1 > 2024-09-11 22:58 | Report Abuse

Useless stock sure will die like Mudajaya !!!

Posted by Sslee > 2024-09-12 07:35 | Report Abuse

Repost:
If jaks drop brlow 10 sen will Mike-tikus also kena margin call forced selling?

Jaks current risk:
1. Negative cash flow
2. Forced to sell LSS4 solar farm land for loan repayment and working capital
3. Next year another cash call PP or RI
4. Yearly impairment loss on trade and other receivables
5. Yearly LTIP free shares grant

Hidden risk:
1. JHDP JV partner eat Jaks for lunch
2. Vietnam government policy change on coal fire power plant
3. JHDP boilers or turbine cracks and perlong shutdown and high repair cost
4. ALP margin call forced selling
5. LSS4 solar farm new land owner increase the rental or evict jaks from the land as the land is needed for property development

Posted by jjohnchew > 2024-09-12 07:37 | Report Abuse

Hoho Jaks currently a Calculated Risk Stock is turn around to be a potential Growth stock , why ? :

A) Jaks CEO ( the only substantial shareholder ard 14 % , after Uncle K intention to take over with 30 % on 2017/2018 ) had successfully steered the company diversified into Power industry: Vietnam Joint Venture Power Plant 1200 MW with CPECC , EPCC value RM 8.7 Billion… construction is started on October 2016 , fully Commercial Operating Date on January 2021 with 25 years concession:

As an 30 % associate joint venture company contributing share of profit n Dividend to Jaks since 2021 :

Jaks Annual Revenue and Net Profit / ( Loss ) :


1.) FYE2020 : RM 259.4 million with Loss ( RM 80.5 Million. )


2.) FYE2021 : RM 109.7 million with Net Profit RM 51.9 million.


3.) FYE 2022 : RM 89.8 million with Net Profit RM 53.5 million.


4.) FYE 2023 : Rm 37.787 million with Net Profit RM 15.527 million..


5.) FYE 2024 :

>> 👉1QR : RM 14.2 million with Net Profit RM 12.4 million.

>> 👉2QR : RM 13.1 million with Net Profit RM 8.4 million.


B ) LSS4 50MW Solar Project in Penang is COD on August 2023 with 25 years TNB PPA ( increased from 21 years ).


1.) QR ended September 2023 :

Revenue : 3.3 Million , Loss ( RM 1.4 Million)


2.) QR ended December 2023 :

Revenue: 4.3 Million , Loss ( 0.4 Million )


3.) QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18%


4.) QR ended June 2024 :

Revenue : 4.8 million, Profit RM 0.4 million.. 8.33 %


👉( Note : Loss is due to Depreciation.)



C.) CGPP 30MW Solar project is awarded on August 2023 to Jaks consortium with 2 partners ( Jaks holding 51 % ) …COD is scheduled by 4Q 2025 .
Jaks Shl be benefited on the EPC contract also .

CGPP winners can sell RE electricity directly to end user / customer, but thru TNB power grid as TPA ( Third Party Access ) . CRESS details is expected to be announced in September 2024 , but the Mulling charges is announced oredi on 22/8/2024 .

800 MW CGPP winners even can sell RE electricity cross border.



D.) LSS5 2000MW Solar Project, EPCC value is estimated RM 7.2 Billion, tender RFP dateline is brought forward to 25/7/2024 from December 2024 ):

Jaks partner again with CPECC ( Vietnam 1200 MW Power Plant partner 70 % ) >>> Jaks 51% : CPECC 49% , tendered 200MW ….. Land : 1730 acres in Terengganu is leased from TDM .


E.) CAGR : 3Y + 29.9 % TTM + 28.4 %

Posted by jjohnchew > 2024-09-12 07:42 | Report Abuse

A) Yes, the occupancy rate at Pacific Towers
Business Hub improved from 35% in FY2022 to
54% in FY2023, while Evolve Concept Mall saw an
increase from 59% in FY2022 to 75% in FY2023.
The Management will continue to attract new
tenants to further improve the occupancy rate of
both properties.
B) Pacific Towers Business Hub – RM3.36 per sq ft
Evolve Concept Mall – RM2.38 per sq ft

C) Monetising these property assets is the key priority

moving forward, regardless of turning around the
business. However, the immediate goal is to
increase occupancy rates and average rental rates
with strong and reliable tenants, thereby improving
the saleability of the assets.
D) Current outstanding loan balance for Evolve
Concept Mall stands at RM206.4mil whereas the
outstanding loan balance for Pacific Towers stands
at RM70.6mil.

Posted by jjohnchew > 2024-09-12 07:49 | Report Abuse

Accordingly, the SGP amounting to
RM43.88 million was recorded under
directors' remuneration.
We would like to seek clarification
from the LTIP Committee and
Remuneration Committee Chairman

A) The criteria for issuance of SGP was mainly tied to
the profits generated from our wholly-owned
subsidiary, Golden Keen Holdings Limited (“GK”)
which undertook the USD 454 million (RM2 bil)
EPC 2 role for construction of the 1,200 MW coal-
fired thermal power plant in Vietnam. Over the
course of the construction period from 2015 to
2021, GK had generated a net profit of over RM400
million to the Group. Taking into consideration this
and successful delivery of the power plant, the
Remuneration and LTIP committee had in 2018
approved the remuneration scheme.
B) The basis of the incentives and rewards is in line
with the remuneration scheme approved in 2018

Posted by Sslee > 2024-09-12 08:18 | Report Abuse

How many of GK net profit of over RM 400 million is still under receivables (retention money) and will the retention money be subjected to impairment loss because of sub par standard (ash conveyer belt broken down often)?

Posted by Sslee > 2024-09-12 08:25 | Report Abuse

Jaks
(Unaudited) (Audited)
As At As At
End Of End Of
Financial Financial
Period End Year End
30-Jun-2024 31-Dec-2023
RM'000 RM'000
Current Assets
Inventories 483 483
Contract assets 92,236 102,030
Trade and Other Receivables 421,135 417,625
Amount due from Joint Venture 10,291 10,291
Deposits placed with licensed banks 12,074 22,222
Cash and bank balances 31,955 41,803
568,174 594,454

Current Liabilities
Trade and Other Payables 457,827 476,105
Bank borrowings 59,894 68,200
Bank overdraft 5,877 5,911 -
523,598 550,216

Posted by Willtolive > 2024-09-12 08:31 | Report Abuse

negative cash company, sell more assets to raise cash

Posted by jjohnchew > 2024-09-12 08:57 | Report Abuse

Hoho sell property investment assets as it is losing money :

C) Monetising these property assets is the key priority

Posted by jjohnchew > 2024-09-12 08:58 | Report Abuse

Jaks Gearing Ratio :


See Jaks insiders had been monitoring n controlling the Gearing Ratio in a Healthy Level : 


> FYE2015 : 0.80 X



1.) FYE2019 : 0.43 X 





2.) FYE2020 : 0.34 X 





3.) Referred to FY23 , 1 QR ended March 2023 : 0.375 X 





4.) Referred to FY23 , 2QR ended June 2023 : 0.362 X 



5.) Referred to FY23 , 3QR ended September 2023 : 0.352 X


6.) Referred to FY23 , 4QR ended December 2023 : 0.350 X


7.) 1QR ended March 2024 :

Gearing Ratio = 0.293X 


8.) 2QR ended June 2024 :

Gearing Ratio = 0.303X


Posted by jjohnchew > 2024-09-12 17:06 | Report Abuse

Hoho interesting lo , if can monetise the property segment assets :

Reply during latest AGM :

2 The Property Investment division
comprises two investment properties,
namely Pacific Towers Business Hub
and Evolve Concept Mall. The division
incurred a finance cost of RM19.3
million while generating revenue of
RM10.3 million and a loss after tax of
RM6.3 million in FY2023.

D) Current outstanding loan balance for Evolve
Concept Mall stands at RM206.4mil whereas the
outstanding loan balance for Pacific Towers stands
at RM70.6mil.


C) Monetising these property assets is the key priority
moving forward, regardless of turning around the
business. However, the immediate goal is to
increase occupancy rates and average rental rates
with strong and reliable tenants, thereby improving
the saleability of the assets.


A) Yes, the occupancy rate at Pacific Towers
Business Hub improved from 35% in FY2022 to
54% in FY2023, while Evolve Concept Mall saw an
increase from 59% in FY2022 to 75% in FY2023.

Posted by jjohnchew > 2024-09-12 17:12 | Report Abuse

Hoho with the legal case 6 years battle won against Star on Pacific Star project on March 2024 … anticipating occupancy rate at Pacific Towers
Business Hub Shl be further improved.

Posted by jjohnchew > 2024-09-12 18:27 | Report Abuse

Hoho n more easy to monetise..

Posted by Sslee > 2024-09-12 19:25 | Report Abuse

Aiyoyo Mike-tikus
In the second quarter under review, the Property Investment division recognised higher revenue contribution of RM3.1 million, from RM2.3 million achieved in the previous year's corresponding quarter due to additional tenants. This division reported a slightly lower loss before tax of RM9.2 million, compared to a loss before tax of RM9.5 million in the second quarter of 2023 as some of the overheads are fixed in nature.

Posted by Sslee > 2024-09-12 19:37 | Report Abuse

Jaks quarter ended 30/6/2024
RM'000
Other Operating, Administrative Expenses (17,492)
Finance cost (7,182)

Posted by jjohnchew > 2024-09-12 22:18 | Report Abuse

Hoho repost :


Jaks

Referred QR ended June 2024 on key points:

Selling n Distribution expenses & Other operating, administrative expenses = RM 17,492,000 .

(Note : there are ard 600 employees in Vietnam Joint Venture Power Plant 1200 MW on 2022 )

Operating Loss after Finance Cost = ( 17,291,000 )

👉Share of Profits in Joint Venture = 21,331,000

> PBT = 4,040,000

> PAT = 3,932,000


Total Comprehensive Income = RM 3,932,000


Dividend from Vietnam power plant associate company: RM 14,210,000


👉👉Net Profit to Owners of the Company = RM 8,422,000.

Posted by jjohnchew > 2024-09-13 06:53 |

Post removed.Why?

Posted by Sslee > 2024-09-13 07:15 | Report Abuse

Aiyoyo Mike-Tikus cannot understand the below:

The latest status of the legal dispute between Star Media Group Bhd and JAKS Resources Bhd over a land development in Section 13, Petaling Jaya, has been sent back to the High Court for trial. The Federal Court
dismissed Star Media’s appeal against the 2021 Court of Appeal decision, which reversed a 2020 High Court summary judgment. The trial is scheduled for August 25, 2025.

The 2020 High Court summary judgement as below:
The court has ruled that the company be paid damages by JAKS, being late payment interest at a rate of 8% per annum on the RM134.5 million owed from Oct 25, 2015 and July 6, 2020.

The late payment interest is to continue running from July 6, 2020 until JAKS delivers the company’s entitlement in compliance with the terms of the sale and purchase agreement signed by the parties.

Posted by Income > 2024-09-13 07:21 | Report Abuse

Hu hu

Posted by Sslee > 2024-09-13 08:34 | Report Abuse

The fact that jaks need yearly cash call PP or RI and now disposal of LSS4 50 MW solar farm land for working capital and loans repayment and on the other hand endless yearly impairment loss on receivables tell you jaks and ALP is hopeless.

Posted by jjohnchew > 2024-09-13 10:18 | Report Abuse

Hoho Jaks Total counter claimed against Star is RM 540 million.

>>Referred to QR ended June 2024 :

👉next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions.

The Trial was fixed on 25/8/2025 to 28/8/2025 .

👉👉Possibility of settlement out of court ???


>
MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company
JAKS RESOURCES BERHAD


Type Announcement
Subject MATERIAL LITIGATION
Description
JAKS Resources Berhad ("JRB" or the "Company") Federal Court finds in favour of Company


Further to the announcement dated 12 December 2023, the Board of Directors of the Company wishes to announce that the Federal Court on 7 March 2024 unanimously found no merits in Star Media Group Berhad (“STAR”)’s appeals against the Company and Jaks Island Circle Sdn Bhd (In Liquidation) vide Civil Appeal No. 02(i)-16-03/2023(W), Civil Appeal No. 02(i)-17-03/2023(W) and Civil Appeal No. 02(i)-18-03/2023(W) [“the Appeals”] and dismissed the Appeals with costs of RM150,000.00 to be paid by STAR.



Consequently the Company can proceed at the High Court with its Suit No.: WA-22NCVC-258-04/2019 where the Company has counterclaimed for damages and WA-22NCVC-374-05/2019 where the Company has claimed for liquidated ascertained damages, etc. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad pursuant to its Listing Requirements. This announcement is dated 7 March 2024.

Posted by Shareview123 > 2024-09-13 14:29 | Report Abuse

For those who Bought Jaks around 0.125-0.13 during
24 /05/2024 - 5 June 2024, and
Sold around 0.19 - 0.205 during 11 June 2024 - 20 June 2024,
Can make around 50 % returns within a month

0.195/ 0.13 = 50 %


If you buy

100,000 x0. 13 = RM 13,000

300,000 shares x 0.13 = RM 39,000

500,000 shares x 0.13 = RM 65,000


and Sold at 0.195


100,000 shares x 0.195 = RM 19,500

300,000 shares x 0.195 = RM 58,500

500,000 shares x 0.195 = RM 97,500


so, the returns are very good


Hopefully, Jaks can drop back to 0.12 - 0.13

If one year can happen 3 rounds, you returns

= 50 % x 3 times

= 150 %


Same buy tactics can be used in many other counters

Posted by Shareview123 > 2024-09-13 14:50 | Report Abuse

If you buy at 0.125 - 0.135, your cost is Lower than the Major shareholders

Your only risk is the company goes bankrupt, at this moments you are relatively safe

Posted by musangfoxking > 2024-09-13 14:55 | Report Abuse

waiting at 0.10

Posted by Shareview123 > 2024-09-13 15:09 | Report Abuse

Doesn't matter, if you buy and they press down to 0.10
You can double average down

100,000 x 0.125 = RM12,500


200,000 X 0.10 = RM 20,000


Your average cost

= 0.125 + 0.10 +0.10
= 0.1.0833



At this level, just average down although some people may say don' t average


AT historical low level, just average down


But at historical high, pls don't average down all the way
Like gloves counters during 2020 - 2022

Example,
Topglov at 29.++,
2 for 1 Bonus, price Adjusted to 9.0 ++

Many retailers could have Bought from 8 ++, average down all the way to 5.00+
or Even 3.0 ++

But When dropped to 0.56 historical low, they panic and may not have money to average down, So Topglov rebounded from 0.56 ++to 1.20 ++, then dropped again to 0.70 ++ and rebounded to 1.20++ again, now Hovering around 0.90 +/-

Posted by Shareview123 > 2024-09-13 15:39 | Report Abuse

If we look at many other counters, like

YTL, hovering around 0.50 ++ during 2022 - March 2023, for those who Bought addtional lot or all in, can make 500 - 700% within a year

Uems,
Nov 2022 around 0.19
May 2023 around 0.22++

Jan 2024 - June 2024, traded around 1.20 +/-

And many other property counters like
E&O
ECOWLD
MAHSING
SPSETIA
SIMEPROP

and also So called tech stocks from 2021 - 2023

This year, JCY from 0.20 ++ to 0.90 ++

Notion from 0.50 ++ to 2.00++


Retailers should buy at historical low, after you have done your homeworks
Buy at the beginning of uptrend, and don't buy at the beginning of down trend

Posted by Income > 2024-09-13 16:11 | Report Abuse

Hu Hu

Posted by Sslee > 2024-09-13 16:29 | Report Abuse

Buy low and hope to sell high.

Whatvever you do, just remember sell before Q4 result out because Q4 is the quarter where jaks will report multi-million impairment loss on trade and other receivables.

Also if next year PP again price will be pressed further down for PP price fixing and after listing of PP shares then will push up for PP subscribers to sell their PP shares.

Posted by Shareview123 > 2024-09-13 17:10 | Report Abuse

BJCORP, in 2004/2005, after restructuring, dropped to 0.10 - 0.11,
for those who bought

1,000,000 shares x 0.10 = RM 100,000

kept until 2007/2008, before subprime loans financial crisis in USA,
went up to RM 1.50
During 2008 financial crisis, dropped to 0.40+/-
later during 2009-2010, rockected up again to 2.00+/-

For counters like YTL, YTLPOWER, BJCORP, banking counters and some Others,
historical low is a very Good chance in 5 - 20 years.

Posted by Shareview123 > 2024-09-13 17:16 | Report Abuse

MPI, during 1996-1997 and 2000 hit RM 60.00+/-
Later dropped to below 3.0 during 2005-2009, this year 2024 hit 40 +/-

From 0.16/0.17 in 2016, went up to 9.00 ++
After Bonus issue 1 for 1, now hovering around 3.80

Posted by Shareview123 > 2024-09-13 17:21 | Report Abuse

FRONTKN 0.16/0.17 in 2016, went up to 9.00 ++
After Bonus issue 1 for 1 in 2021, now hovering around 3.80 ++

Posted by Shareview123 > 2024-09-13 17:31 | Report Abuse

RENONG ( code 1775), Asia financial crisis 1998, during 1999 dropped to below 30 sens,
before end of 1999, went up to 3.0 ++

Changed Uemworld, beginning of 2006, only 30 sens ++
, in 2007, rockected up to 5.0 ++

2008 subprime Loan in USA, dropped to around 50 sens,
Changed name to Uemland ( before merged With Sunrise and become UEMS)
from 50 sens++, rockected up to 1.70 ++ in 2013 and later went up to around 3.50 in 2017

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-13 17:37 | Report Abuse

FYE Dec 2023
MYR millions

INCOME STATEMENT
Rev 40
GI 11
SGA Exp 85
EBIT (74)
Int Exp 28
PBT (119)
Equity in Affiliates 131
Consolidated Net Income 12
Minority Int Exp 17
Net Income 17

EPS (dil) 0.01 sen


BALANCE SHEET

TCA 594
TA 2417

TCL 550
TL 999
TEq 1480


Cash 64
STDebt 75
LTDebt 421
TOTAL DEBT 496
NET CASH -432

AR 519
AP 238

Current ratio 1.08
Quick ratio 1.08
Cash ratio 0.12

Asset turnover 0.02
Return on Average Assets 0.70%


CASH FLOW STATEMENT
Net income 12
D&A 20.4
Other funds (63)
FFO (30)
CWC 22.3
NOCF (8)

CAPEX (61)
Sale of fixed asset (0.5)

Proceeds from Stock Options 37.4

FCF (69)
FCF Yield -16.71%

FINANCIAL DATA
PRICE 0.14 MYR
MARKET CAP 364.96m
EPS 0.12 sen PER 116.67 ROE 0.20%
P/b 0.24 NTA 0.590
DIV 0

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-09-13 17:40 | Report Abuse

Summary:

Sadly, a very gruesome company indeed.

Look for another.

Posted by jjohnchew > 2024-09-13 19:18 | Report Abuse

Hoho no worries as said Ethical Sifu 3iii picked on Good FA stock … I am on calculated Risk stock , eg Zelan with MMC ( mother ) cut win on 2021 during MMC privatisation.

Posted by Shareview123 > 2024-09-13 19:24 | Report Abuse

HEXCAP ( Formerly known as OPCOM)
after Private placement around 0.43 in 2021,
within few months rockected up to around 1.70


HWGB,
In 2019, after shares consolidation of 4 became 1,
price dropped to 0.07 /08,
after Private placement to repay loans,
from 8 sens at beginning of 2020, within few months rockected up to 1.50 +/-

Posted by jjohnchew > 2024-09-13 19:29 | Report Abuse

Hoho btw as said much earlier my investment portfolio divided into 2 categories:

1.) Growth n Dividend stock : oredi debated with Sslee in Jtiasa forum .

2.) Calculated Risk Stock : like Zelan with mother MMC as posted above .

Capital A with cost RM 0.58 … lowest price is RM 0.56 ..

Jaks cost ? Ssleee had you checked when you said bought Insas WC at RM 0.225 …

Posted by jjohnchew > 2024-09-13 22:14 | Report Abuse

Hoho key points on Jaks as Calculated Risk stock :

1.) Compared Jaks , Zelan n Capital A … Jaks is much Less Risk .

2.) On Jaks LTIP granted RM 43.88 million to the Directors, based on SGP approved in 2018 , reference to Vietnam 1200 MW Power Plant construction, EPC contract ard RM 2.1 billion with Profit over RM 400 million.

> My own observation point : during the sad battle on Take Over intention on 2018 , Directors r in Loss as RI issued in WB RM 0.25 … none is converted . And to reward the Directors whom successfully steered the company diversified into Power industry.

3.) The only Substantial shareholder as at FYE2023 is the CEO with ard 14 % … others Top 30 are in average 0.5 % . The CEO shares all in Pledge Accounts, even all the WC .

The Lowest Jaks price is RM 0.12 .. price at 13/9/2024 is RM 0.14 . ( NTA 0.59 )

👉Ouestion : Do you think the CEO want to be Margin Call if Price dropped further , or is the time to reap the fruits by 2025 .

👉 WC with ex price RM 0.49 is mature on 18/11/2025 .

4.) Jaks Non current asset keep increasing since from year 2016 ( eg : Investment in Joint Venture March 2016 = 128,297,000 .. June 2024 = 943 ,960,000 ) with Gearing ratio is reduced from 0.8X to 0.303X as at QR ended June 2024 .

Current Ratio is in range 1.08 .

Question : Is this one of the reasons why Jaks PP fund raising still attracted interest of investors. ( compared to Hexcap n Binacom PP , no investors are interested n has to be delayed.)

5.) Jaks has 2 Cash Cow Projects:

a.) Vietnam Joint Venture Power Plant 1200 MW .. holding 30 % which fully Commercial Operating Date ( COD ) on January 2021 with 25 years concession.

b.) LSS4 50 MW Solar project in Penang which COD on August 2023 with 25 years PPA from TNB . Ni

On going Solar project : CGPP 30 MW is awarded on August 2023 … is scheduled to start construction on 4Q 2024 ( CRESS is scheduled to be announced details on September 2024 , Mulling charges is announced on August 2024 with TNB power Grid as Third Party Access ( TPA ).

> COD is scheduled on 4Q2025 .


6.) LSS5 2000 MW Solar Project with EPCC RM 7.2 Billion ( tender RFP dateline is 25/7/2024 , brought forward from December 2024 ) :

Jaks partner again with Vietnam Power Plant 1200 MW China partner , but this round : Jaks 51 % , CPECC 49 % … to tender 200 MW … Land 1730 acres in Terengganu is lease from TDM ( Rental is RM 578 per acre ) .

7.) Jaks recently had monetised Property land in Penang with RM 77.74 million…Net Book Value as at FYE2023 is RM 15.97 million…a net pro forma gain of RM50.38 million from the disposal.

Jaks had intention to monetise another 2 Property Division assets :

a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.

b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.

👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.

👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.

👉👉as posted earlier, year 2025 shl be Jaks year .

P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .