Posted by jjohnchew > 2024-09-04 17:06 | Report Abuse

Hoho Sslee always highlighted on Jaks impairments:

Some findings :

1.) Impairment Loss on receivable RM 32.9 Million..

2.) Impairment Loss on Goodwill ( non reversal) is RM 23.5 million.

👉QR ended December 2023 is Loss ( RM 24.8 Million)

>> In the quarter under review, the Property Investment division recognised lower
revenue contribution of RM3.1 million, from RM4.0 million achieved in the previous
year's corresponding quarter.

👉 This division reported a profit before tax of RM15.4
million, compared to a loss before tax of RM5.4 million in the fourth quarter of 2022
mainly due to 👉the reversal of provision made in previous years.


> QR ended March 2024 :

1.) Impairment Loss on receivable RM 2.0 million.

2.) Impairment Loss on Goodwill ( non reversal) is RM 0.0


> QR ended June 2024 :

1.) Impairment Loss on receivable RM 2.0 million.

2.) Impairment Loss on Goodwill ( non reversal) is RM 0.0



And QR ended December 2023 on Construction Division :


In the fourth quarter of 2023, the Construction division reported lower revenue of RM2.9 million, a reduction of 94% compared to the revenue of RM46.7 million in the same quarter of the previous year.

👉This decline was primarily attributed to the lower revenue recognition from the local construction works that are in their 👉final
stages of completion.

👉 With the lower revenue, this division incurred a higher loss
before tax RM63.3 million in this fourth quarter compared to RM40.5 million loss
before tax incurred in the corresponding quarter of the previous year.


My observations:

1.) Puchong laying piping contract is in final stage of completion.

2.) A highway construction project is in final stage of completion . ( same highway project as Zelan but different Parcel ) .

Posted by Sslee > 2 months ago | Report Abuse

Everyone know every year come Q4 big impairment losses of trade and other receivables.
Only Mike-tikus did not know and chase jaks from 0.18 to 0.24.

Posted by Sslee > 2 months ago | Report Abuse

By the way the next quarter will have more than 10% foreign exchange loss on JV asset.

Posted by jjohnchew > 2 months ago | Report Abuse

EPS DPS NTA Revenue P/L Quarter Q Date Financial Year Announced ROE QoQ% YoY% Report
31 Dec, 2024
0.3500 0.000 0.5900 13.1m 8.4m 2 2024-06-30 31 Dec, 2024 2024-08-28 0.6% 32.3% 55.9% View
0.5300 0.000 0.6300 14.2m 12.4m 1 2024-03-31 31 Dec, 2024 2024-05-29 0.8% 150.2% 11.6% View

31 Dec, 2023
-1.1100 0.000 0.6700 10.3m -24.8m 4 2023-12-31 31 Dec, 2023 2024-02-29 -1.7% 447.1% 737% View
0.3300 0.000 0.6800 10.0m 7.1m 3 2023-09-30 31 Dec, 2023 2023-11-28 0.5% 62.6% 64.9% View
0.9000 0.000 0.6600 3.3m 19.1m 2 2023-06-30 31 Dec, 2023 2023-08-29 1.4% 35.8% 25.2% View
0.6700 0.000 0.6800 14.2m 14.1m 1 2023-03-31 31 Dec, 2023 2023-05-29 1.0% 533.8% 33.4% View

31 Dec, 2022
-0.1600 0.000 0.6800 45.9m -3.2m 4 2022-12-31 31 Dec, 2022 2023-02-24 -0.2% 116% 88.7% View
1.0000 0.000 0.6800 16.4m 20.3m 3 2022-09-30 31 Dec, 2022 2022-11-25 1.5% 33.3% 36.1% View
0.7500 0.000 0.6700 9.7m 15.3m 2 2022-06-30 31 Dec, 2022 2022-08-25 1.1% 27.8% 47% View
1.0300 0.000 0.6700 17.8m 21.1m 1 2022-03-31 31 Dec, 2022 2022-05-31 1.5% 174% 7% View

31 Dec, 2021
-1.5000 0.000 0.6600 20.1m -28.5m 4 2021-12-31 31 Dec, 2021 2022-02-24 -2.3% 189.6% 73.4% View
1.7200 0.000 0.6700 30.6m 31.9m 3 2021-09-30 31 Dec, 2021 2021-11-30 2.6% 10.6% 19.1% View
1.6400 0.000 0.6800 41.6m 28.8m 2 2021-06-30 31 Dec, 2021 2021-09-07 2.4% 45.9% 1230.5% View
1.1300 0.000 0.6600 17.5m 19.7m 1 2021-03-31 31 Dec, 2021 2021-05-21 1.7% 119.1% 417.5% View

31 Dec, 2020
-13.1600 0.000 0.6500 46.0m -103.2m 4 2020-12-31 31 Dec, 2020 2021-03-29 -20.2% 485.8% 700.6% View
4.1100 0.000 1.5400 63.2m 26.7m 3 2020-09-30 31 Dec, 2020 2020-11-27 2.7% 1135.4% 7.1% View
0.3300 0.000 1.4900 75.0m 2.2m 2 2020-06-30 31 Dec, 2020 2020-08-26 0.2% 134.8% 94.2% View
-0.9600 0.000 1.4900 75.2m -6.2m 1 2020-03-31 31 Dec, 2020 2020-06-30 -0.6% 135% 121.7% View

31 Dec, 2019
2.8900 0.000 1.5200 238.9m 17.8m 4 2019-12-31 31 Dec, 2019 2020-02-27 1.9% 28.8% 242.6% View
4.1200 0.000 1.5100 216.0m 25.0m 3 2019-09-30 31 Dec, 2019 2019-11-25 2.7% 33.1% 999.2% View
6.3500 0.000 1.4700 315.4m 37.3m 2 2019-06-30 31 Dec, 2019 2019-08-21 4.3% 30.3% 192.8% View
5.0400 0.000 1.4800 297.8m 28.6m 1 2019-03-31 31 Dec, 2019 2019-05-09 3.4% 325.8% 60.4%

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho

4QR 2019 is Profit

4QR 2020 is Loss ( Vietnam 1st unit 2x600 MW Power Plant is COD on November 2020 )

4QR 2021 is Loss ( Vietnam 2nd unit 2x600 MW Power Plant is COD on January 2021 )

Note 1.)EPC2 construction contract on Vietnam Power Plant 1200 MW bring Profit over RM 400 million .

Note2.) The losses also caused by Pacific Star Towers project n the highway project.

4QR 2022 is Loss 3.2 million.

4QR 2023 is Loss 24.8 million as posted earlier with causes.

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho interesting lo on VND to USD to RM exchange rates:


👉USD to RM

July 2024 : 4.66721

19 Sept 2024 : 4.27368

>> Depreciated 8.43 %

1 year depreciated 9.01 %

2 year depreciated 6.33 %

5 years appreciated 2.37 %


👉USD to VND

July 2024 : 25,719

19 Sept 2024 : 24,582

>> Depreciated 4.42 %

1 year appreciated 0.83 %

2 year appreciated 3.73 %

5 years appreciated 5.79 %

👉 Vietnam Power Plant 1200 MW , EPCC RM 8.7 Billion ( in USD 1.87 billion) :

Funding by 25 % equity, 75 % Loans ..repayment period 10 years is started on 2021 .

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho take note on the BOT contract :


BOT contract
* 25 years from commercial operation date (COD).
* The power plant shall be transferred to Vietnam Ministry of Industry and Trade (MOIT) 👉at no charge after 25 years.
* JHDP shall pay US$60,000 per day per unit for each day of delay after the deadline. The deadline for unit one shall be 48 months and 54 months for unit 2 after the construction start date. Subject to max of US$15m.
* JHDP shall pay US$150 per KW shortfall below the contacted capacity which is 1112MW subject to max of US$8m.
* JHDP company may terminate the BOT contract due to Vietnam side default or government events such as war, invasion, terrorist, revolution, strikes, none performance of GGU, change of laws.
* In the event of non-government force majeure like earth quake, flood etc, either party can terminate the BOT contract and MOIT has to purchase the assets based on the terms set out in the BOT contract. However, MOIT has the option to continue to pay the capacity charges and JHDP has no right to terminate.

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho bottom line finally Jaks found the “ moats “ by successfully diversified into Power Plant and Solar RE industry .

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho MA10 0.142 , BB mid 0.142

MACD 0.001 -0.003 -0.004

Stoch RSI. 59.53 76.20

Posted by Sslee > 2 months ago | Report Abuse

LOL there are so many power plant and solar RE payers in Malaysia alone.
So since when power plant and solar RE be considered as "moats" for jaks.

Do Mike-tikus really understand the meaning of “ moats “????

Posted by jjohnchew > Sep 25, 2024 1:15 PM | Report Abuse

Hoho bottom line finally Jaks found the “ moats “ by successfully diversified into Power Plant and Solar RE industry

Posted by MrFox > 2 months ago | Report Abuse

Holding still red!
Sad

Posted by MrFox > 2 months ago | Report Abuse

Sslee@
Dun say dun buy!
Buy if 0.10

Posted by jjohnchew > 2 months ago |

Post removed.Why?

Posted by jjohnchew > 2 months ago |

Post removed.Why?

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho repost from Jtiasa :


Posted by jjohnchew > 6 days ago | Report Abuse


Hoho 4 Hidden Risks :

1.) Why Subur Tiasa and Rsawit ( under same RH group with Jtiasa ) are loss making in Timber and Plantation business?
Subur Tiasa even diversified business into pipe manufacturing n auto sector since May 2023 .😱

2.) Pulau Bruit land is identified suitable for Hybrid Rice cultivation on 2024 … announced by UKAS , in line with Sarawak government vision to support Sarawak rice demand by own cultivation ( currently 34 % ) . Even to rivalling Kedah which supply 40 % Rice demand in Malaysia , of course need financial supports from Federal government on this .


> An illustration: as the company said 3% planted area 69589 is > 18 years , averagely 14 years , ie : 2087 hectares going to be Sawah Padi out of the
Rented land 52,880 hectares ( 76 % of planted area) .

Note : Rented Land , Approximate age of building: 15 years


3.) Replanting cost for the rented land 52,880 x 30,000 , need Rm 1.6 Billion.

QR ended June 2024 : Reserve n Retained earnings is RM 0.5 Billion.

4.) 2nd Major ( 14 % ) keep disposed shares from August 2023 to July 2024 until left 6 % .

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho take as an example comparing Jtiasa , Rsawit n SuburTiasa that under RH group listed companies.

Rsawit n SuburTiasa are loss- making in Timber n Oil Palm business… sold land to diversified into pipes manufacturing n auto sector.

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho Jaks also doing pipes manufacturing but different types of pipes … now focus on construction n power generation business after CEO Ang successfully steered Jaks diversified into Power Plant n Solar RE business .


See the difference…

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho Singapore shl need RE electricity import from Malaysia… that’s why TNB had budgeted RM 90.0 Billion Capex from 2025 to 2030 , to upgrade its power grid as Third Party Access ( TPA ).

And CRESS had been officially started on 21/9/2024 .

Jaks as one of the CGPP project winners Shl be benefited..

Jaks 30 MW CGPP project is awarded on August 2023 after completed / COD LSS4 50MW Solar project in Penang on August 2023 .

And seems only Jaks is prepared n ready to tender 200 MW to 500 MW of LSS5 2000 MW , EPCC RM 7.2 billion ( tender RFP dateline is by 25/7/2024 )

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho just a simple question : Why TNB had budgeted RM 90.0 Billion Capex from 2025 to 2030 , to upgrade its power grid as Third Party Access ( TPA ).

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho oh initially LTMS ( Laos , Thailand, Malaysia n Singapore) had signed an RE supply agreement on 2021 but is cancelled on 2022 due to Singapore not Agree on the cost .

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho repost from YTLpower:


Hoho interesting subject lo :

> PowerSeraya 2 Power Plant are anticipated going to be phase out due to the Service life :


> Steam Turbine Power Plant thermal project with a capacity of 1,448MW by 2027 ..


Pulau Seraya Combined Cycle Power Plant is a 1,472MW by by 2026 to 2031 .

>> Total Capacity = 2,920 MW

There is a New Power Plant announced on : 2 Feb 2024 — The construction of a 600MW hydrogen-ready CCGT is estimated to cost $800 million and is targeted to be completed by 31st December 2027.

Posted by Huangbk72 > 2 months ago |

Post removed.Why?

Posted by Vincenzo999 > 2 months ago | Report Abuse

Which dumb investor's investment below?

China Bester Group Telecom Co Ltd
SHA: 603220
Overview
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Financials
18.72 CNY -9.59 (-33.87%)past 6 months
25 Sept, 3:00 pm GMT+8 • Disclaimer



Baidu Inc


HKG: 9888
Overview
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88.70 HKD -15.70 (-15.04%)past 6 months
25 Sept, 4:08 pm GMT+8 • Disclaimer

Posted by jjohnchew > 2 months ago |

Post removed.Why?

Posted by Huangbk72 > 2 months ago |

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Posted by jjohnchew > 2 months ago | Report Abuse

Hoho Sslee Jtiasa 76 % oil palm land is rented , that’s why cannot sell , later become Sawah Padi land ke …

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho this is the reason why TNB had budgeted RM 90.0 Billion Capex from 2025 to 2030 , to upgrade its power grid as Third Party Access ( TPA ).

>>>
The Malaysian energy market is actively transforming to achieve its green energy development goals.

Earlier this year, the government launched the LSS5 large-scale solar programme with a total of 2.0 GW of RE capacity, marking the largest solar project in history.

The initiative complements the National Energy Transformation Policy, which encompasses a variety of green energy developments such as energy efficiency, RE zones and green hydrogen, all aimed at reducing carbon emissions and achieving a low-carbon nation by 2040.

Under its RE roadmap called MyRER to decarbonise the electricity supply sector, the government aims to increase RE installed capacity from 23 per cent (8.5 GW) of total mix in 2020 to 31 per cent (12.9 GW) by 2025 and 40 per cent (18 GW) by 2035.

The RE installed capacity targets will help cut electricity sector carbon emissions by 45 per cent in 2030 and 60 per cent in 2035.

To further support the nation's ambition of becoming a regional RE hub, the government also plans to adopt a Third Party Access (TPA) mechanism and establish an RE trading centre. These initiatives will enable the export of cross-border RE and accelerate the energy transition in Southeast Asia.

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho currently market theme Cloud DC n AI DC … but stress on green RE electricity supply … in line with RE100 MNC companies vision n mission.

Posted by MrFox > 2 months ago | Report Abuse

Sslee@
Will u buy at 10 sen?

Posted by Huangbk72 > 2 months ago |

Post removed.Why?

Posted by Sslee > 2 months ago | Report Abuse

I will always trade any stocks for my free bintang beer and lobster unlike Mike-tikus trapped high at jaks for more than a year now and still need to wait till 2025 to untrapped himself.

Posted by jjohnchew > 2 months ago |

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Posted by jjohnchew > 2 months ago | Report Abuse

Hoho Jaks oredi tested the Lowest price at RM 0.12 ..

Posted by jjohnchew > 2 months ago | 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 from 9.9 % ( 2017 ) to 14 % ( 2023 ) , 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 > 2 months ago | Report Abuse

Hoho as said Jaks with intention to tender LSS5 2000 MW from 200 MW to 500 MW … land : 1730 acres can be a 500 MW Solar farm ( based on type of Solar panel ) .

Posted by Huangbk72 > 2 months ago |

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Posted by jjohnchew > 2 months ago |

Post removed.Why?

Posted by Huangbk72 > 2 months ago |

Post removed.Why?

Posted by jjohnchew > 2 months ago |

Post removed.Why?

Posted by Huangbk72 > 2 months ago |

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Posted by jjohnchew > 2 months ago | Report Abuse

Hoho ssleee yr ❤️ Marry Huang said in PMCorp want to share love wow when ppl asked him is a He or She ? 🤣😂🤔

Posted by jjohnchew > 2 months ago | Report Abuse

Hoho ssleee pls don’t dump her le .. oredi loss naked in PMCorp le .. bad karma oredi hit hard on him le ..🤣🤣🤣

Posted by Huangbk72 > 2 months ago |

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Posted by jjohnchew > 2 months ago | Report Abuse

Hoho ssleee yr ❤️Pokkai tin Kosong Huang had followed u to Yinson with aka id Klee, told his best lies that made 1000 % on Yinson C35 wow .. followed u ke made profit RM 250,000 on Insas WC !!🤣

Posted by Huangbk72 > 2 months ago |

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Posted by jjohnchew > 2 months ago | Report Abuse

Hoho Ssleee as usual yr ❤️used abused id with unethical threads , n like to challenge ppl ard forums with her worthless lifee , better don’t dump him le !🤣

Posted by Huangbk72 > 2 months ago |

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Posted by jjohnchew > 2 months ago | Report Abuse

Hoho that’s why his 2 aka id are banned permanently.

Posted by Huangbk72 > 2 months ago |

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Posted by MrFox > 2 months ago | Report Abuse

That's y am waiting for 0.10