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

1,331,100


41 people like this.

65,170 comment(s). Last comment by Income 1 day ago

Posted by edwing9981 > 4 weeks ago |

Post removed.Why?

Posted by JediMaster1 > 4 weeks ago | Report Abuse

Hopeless stock Jaks 👎

Mikecyc

47,016 posts

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha hopeless Je-Die Masker ke .. used aka id Alibaba promoted Lambo since 2020 … until is Delisted on October 2024 …

Oh Alibaba is aka id of YongkimFool ke ..

>Alibaba
kimfooyong


No wander is a fool lo … pls take the right medicine lo 🤣🤣🤣

Posted by JediMaster1 > 4 weeks ago | Report Abuse

He definitely can’t answer your question this fella don’t have such knowledge to answer your question 🤪🤪🤪

Sslee

7,012 posts

Posted by Sslee > 4 weeks ago | Report Abuse

30 September 2024: 30 June 2024
USD/MYR
Average rate 4.4566: 4.7323
Closing rate 4.1065: 4.7205

Jaks
Jun-2024 31-Dec-2023
RM'000 RM'000
Investment in Joint Venture 943,960 904,452
Based on June closing Exchange rate 4.7205 and Sept rate 4.1065 what will be JV value as at end Sept 2024?
How many millions foreign exchange losses?

Mikecyc

47,016 posts

Posted by Mikecyc > 4 weeks ago | Report Abuse

Jaks :

USD to MYR >>>

31/12/2023 : 4.58927

>> As at 31/10/2024 4.37901

>> As at 22/11/2024 4.46756


1.) Referred FY23 Annual Report:

Exchange differences:( RM 7.38 million )

Investment in JV : RM 904.45 million



31/12/2022 : 4.4005

2.) Referred FY22 Annual Report:

Exchange differences:( RM 7.38 million )

Investment in JV : RM 800.78 million

Mikecyc

47,016 posts

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha Pokkai TinKosongHuangbk blowing PMCORP with TP RM 2.00 , see its Value since 2013 wow.. ( Calvin blowing RM 5.00 to RM 10 ) …must be loss naked liaw .. want to share ❤️in PMCorp wow .... hibernated more than 7 years in a cave since 2014 until 2021… must be created a lot aka id … beware .



>> Pokkai TinKosongHuang joined the Kacukan 🐍Tippu Tippu gang ( even Tippu newbies membership fees RM 100 ) in TopGlove on 2024 to promote HK/China and US stock ____. Beware ..

Aka ID Marry n MrHuangbk n jc963852 are Banned permanently.

Aka id MrHuangbk is banned permanent recently due to created many similar id / abusive id to post abusive n unethical contents ..

Mikecyc

47,016 posts

Posted by Mikecyc > 4 weeks ago | Report Abuse

Haha konartist sslleee yr KonpetHuang is proven again a TinKosong le …🤣🤣🤣

Sslee

7,012 posts

Posted by Sslee > 4 weeks ago | Report Abuse

No worry come Q4 sure lose making due to impairment of contract assets and receivables.

Posted by JediMaster1 > 4 weeks ago | Report Abuse

Yup definitely will lose until 0 valve 🤪🤪🤪

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago |

Post removed.Why?

Posted by JediMaster1 > 3 weeks ago | Report Abuse

I think Sslee is correct huge impairment lost of Jaks will reflect in coming qr 🤪🤪🤪

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Sure will press the share go down below 0.10 🤪🤪🤪

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Jaks QR ended December 2023 :

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

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.


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.

Posted by Philip ( buy what you understand) > 3 weeks ago | Report Abuse

Not forgetting buying back 100+ million in share buyback when prices are cheap.
The big thing to ask is this:

Like the CEO of yinson say, my contracts are fixed returns from first oil(operational status) yinson is paid 700k usd a day. In total with interest the fpso cost 1.2 billion to build. Contract is 22 years, at the end of period yinson will earn 5.2 billion.. So if things are built well and completed well, yinson will earn back their spent cost in 5 years and after that is profit every day, as their charter is bareboat, operations and management is under the operator ( unless yinson sign o&m). Very clear cut rules, clear cut profitability, all that is left is to perform.

How did yinson command this 700k a day charter while customers like armada earn 435k a day? Simple. Timing and competition. In many cases yinson was the only bidder or best option with string financial status. That is why yinson is 8 billion, armada 2 billion and Jaks 300 million.

Execution and profitability.

>>>>>>>
June 2024 …


JediMaster1

52 posts

Posted by JediMaster1 > 5 days ago | Report Abuse

Off course ( Yinson 👍 ) is different to ( Jaks 👎 )

1. Yinson pay dividends to share holders ever quarter 👍👍👍

( Jaks suck blood from share holders keep on PP or RI to sucking until all share holder dry ) 🤪🤪🤪

G-boy

528 posts

Posted by G-boy > 3 weeks ago | Report Abuse

jaks going to delisted and bankrupt

G-boy

528 posts

Posted by G-boy > 3 weeks ago | Report Abuse

if jaks cant get from right/pp, their cash flow cant tahan..

G-boy

528 posts

Posted by G-boy > 3 weeks ago | Report Abuse

trading jaks is like gamble in casino...
either win big or lose all.. so only those newbie will touch..
no risk control

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha The Kidd Buy What U Not Understand telling 🐍n 🐍story to promote Serba even knew is in Account Fraud….

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha just another actor :

G-boy
jtoh1985 | Joined since 2013-02-03

Investing Experience -
Risk Profile -
Followers
0
Following
0
Blog Posts
0
Threads
503

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Yinson SBB

As posted earlier :

Hoho today morning , see the price gap up to above RM 2.80 , recalled volume is ard 3 million, oredi feel strange lo … now seems the Goreng kaki is on SBB from 2.70 to 2.85 ..

More strange n curious le for What Purposes ?

1.) Too much free cash ? 🤣

2.) Cash Flow too tight ?




Yinson :

>Referred to FY2024 Annual Report >

Treasury shares ( SBB ) : 157,333,000 unit ( 4.94 % , RM 369 million)


> QR ended July 2024 :

Treasury shares ( SBB ) : ? Unit ( ? % , RM 470 million )


👉Question: Why Spent so much money on SBB to push up the Price ? Where as EPF n KWAP rotating Cari Untung . The worst is loans n borrowings is keep increasing ?? 😱

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Yinson

Haha Kidd Konartist sslleee, Yinson financing n Refinancing is worrying le .. from QR result shown Debts is keep Increasing… while FPSO Anna Nery which First Oil on May 2023 contributed 50 % of FPSO segment Revenue.. ownership is reduced from 75% to 63.2 % on 22/10/2024 due to Refinancing ….😱😱😱🤔

So Kidds can calculate how much % Revenue is reduced by less 11.8 % ???😱🤔

—-

Haha on Yinson FPSO Anna Nery Financing n Refinancing:

1.) 21/8/2021 : Sumitomo own 25 % with USD 670 million .

2.) 22/10/2024 : K Line own 11.8 % with USD 49 million.


Wow why suddenly 11.8 % for USD 49 million refinancing so so Cheap le !!!😱🤔

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha worried hidden risks on Yinson QR ended April 2024 n July 2024 :

>QR ended April 2024 , Net Profit RM 203 million- RM 236 million ( increased of Loans n Borrowings) = - RM 33 million.

>> QR ended July 2024 , Net Profit RM 203 million- RM 3,025 million ( increased of Loans n borrowings) = - RM 2,822 million.😱



-

Yinson Loans n Borrowings:


3.) QR ended July 2024

RM 19,580 million


👉Compared Q to Q : is increased by RM 3,025 million.



2.) QR ended April 2024

RM 16,555 million.


👉Compared Q to Q : is increased by RM 236 million.


1.) QR ended January 2024

RM 16,319 million.

Sslee

7,012 posts

Posted by Sslee > 3 weeks ago | Report Abuse

Another 2 days to Jaks Q3 ended Sept 2024 result.

Let guess:
Construction: Sure loss making
Property Investment: Also loss making
Power Energy: Most likely loss making due to too many rainy days
Investment Holding: Loss making
JV: Share of profit but suffered foreign exchage book losses

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Since all Jaks division making lost then need RI and PP again suck more shareholders blood to cover the lost 🤪🤪🤪

Posted by JediMaster1 > 3 weeks ago | Report Abuse

So sad this stock anyone touches this stock will stuck for ever 🤪🤪🤪

G-boy

528 posts

Posted by G-boy > 3 weeks ago | Report Abuse

jaks..the only good is the price 0.13..
but market cap too big..risky

G-boy

528 posts

Posted by G-boy > 3 weeks ago | Report Abuse

Most important is cash flow got problem. Invest in this stock. Only way is pray for boss to goreng up and right issue.

Posted by JediMaster1 > 3 weeks ago | Report Abuse

For me 13 cents is still very expensive this stock 0 value is the fair value for this stock 🤪🤪🤪

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Je-Die Masker still no facts n figures ke … same like using many aka id to promote Lambo since 2020 until is Delisted on October 2024 …

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha NTA 0.59 …

—-

Posted by G-boy > 1 hour ago | Report Abuse

jaks..the only good is the price 0.13..
but market cap too big..risky

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Compared the Financial Ratios , r u saying Yinson is worst than Jaks …..


Jaks :
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.81 %

Yinson:
Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.84 %

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

What is the Current Ratio?

The current ratio, also known as the working capital ratio, measures the capability of a business to meet its short-term obligations that are due within a year. The ratio considers the weight of total current assets versus total current liabilities.

It indicates the financial health of a company and how it can maximize the liquidity of its current assets to settle debt and payables. The current ratio formula (below) can be used to easily measure a company’s liquidity.

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha see Yinson current ratio … working Capital is only can Last for 7.5 months … before touch on FCF ..

Very unhealthy financial ratios ..
Yinson:
Current Ratio 0.64

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Mikecyc aka johnchew why want to talk about facts & figure with you i already make very clear statements once Jedimaster have rated Jaks is 100 % junk stock and very sure will deleted in market on next 6 months 🤪🤪🤪

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago |

Post removed.Why?

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha sslee any comments on Yinson ? You r the Promoter n own claimed TA n FA Guru in Yinson forum ….🤣🤣🤣🤔

Huangbk72

5,162 posts

Posted by Huangbk72 > 3 weeks ago | Report Abuse

Hahahaha.. Why Miketikus still cannot answer his own post? He woke up to the fact, he has been posting fake Jaks facts and figures over 18 months? 🤣🤣
He hasnt answered questions about his own post. All Miketikus can do is try deleting my post. Shameless again

1) How Jaks allocate FCF?
2) How is TNB rate 21.8 has anything to do with LSS4
3) How can Miketikus even got the generation rate wrong about Tier 1 and 2 ?
4) QR ended Sept 2024 unannounced. Why Miketikus post exchange rate for OCT and NOV? Neither here nor there. Year end and Quarter also useless- not complete. Why ?


He cannot answer, so he keep deleting my posts? 🤣

Sslee

7,012 posts

Posted by Sslee > 3 weeks ago | Report Abuse

Cash and Cash Equivalents
Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts.
Current Year Preceding Year
9 Months 9 Months
ended ended
30-Sep-2024 30-Sep-2023
RM'000 RM'000

Deposits placed with licensed banks 12,079 34,404
Cash & bank balances 23,818 36,808
Bank overdrafts (5,891) (5,963)
30,006 65,249
Less : Deposit held as security values (12,079) (34,404)
Bank balance held as security values (5,585) (214)
Debt service reserves account (8,364) (11,240)
3,978 19,391


Jaks only balance available cash as at 30-Sept 2024 RM 3,978,000
Enough to pay salarly for the next 3 months or not?

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Oh my god they need PP or Ri immediately to suck more blood from shareholders 🤪🤪🤪

Posted by JediMaster1 > 3 weeks ago | Report Abuse

If not Jaks worker will strike for no salary pay 🤪🤪🤪

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha what a TinKosong Group le :

1.) Konartist sslleee : Promoted SCIB with TP RM 1.00 by early 2025 … but didn’t know the Major ( over 20 % ) is on Force Sell .🤣🤣🤣🤔

Even did not understand “ Current Ratio “ before touch on FCF .

Oh the worst is Not Understand Labour Expenses and CAPEX ..🤣😱


2.) JediMaster or Je-Die Masker :

used aka id Alibaba n others promoted Lambo since 2020 without facts n figures … until is Delisted on October 2024 …


Oh Alibaba is aka id of YongkimFool ke ..

>Alibaba
kimfooyong



No wander is a 🤡 fool lo … pls take the right medicine lo ….🤣🤣🤣


3.) Pokkai TinKosong KonHuangbk72 : aka id MrHuangbk / G-Boy >>

Aka ID Marry n MrHuangbk n jc963852 are Banned permanently.

Aka id MrHuangbk is banned permanent recently due to used many abusive / similar id to post abusive n unethical contents .

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Jaks non current asset :

Investment in Joint Venture:

QR ended

> March 2016 = 128,297,000

> March 2019 = 197,171,000

> March 2020 = 362,479,000

> March 2021 = 601,150,000
( note : Profit from Construction of the Power Plant is ard RM 400 Million .. Final COD on January 2021 )

> March 2022 = 748,656,000

> March 2023 = 829,105,000

> September 2023 = 897,378,000

> December 2023 = 904,495,000

> March 2024 = 936,836,000

> June 2024 = 943 ,960,000

> September 2024 = 980,252,000

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Jaks 👉👉👉

2QR ended June 2023 :

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



>> Accumulated Profit on 3QR ended September 2023 : 350,327,000


👉 》〉Accumulated Profit on 4QR ended December 2023 : 348,126,000


👉👉 Accumulated Profit on 1QR ended March 2024 : 361,786,000


> Accumulated Profit :
March 2016 = 55,453,000 … > June 2024 = 369,116,000 .

> September 2024 = 391,407,000

Mikecyc

47,016 posts

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Jaks got 2 Cash Cow Projects with Commercial Operating Date : 



1) Vietnam Power Plant 1200 MW : January 2021 with BOT 25 years contract . 



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

👉Looking forward to Solar CGPP 30 MW project which is scheduled COD by end 2025 ..

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