Posted by Mikecyc > 3 weeks ago | Report Abuse

Jaks

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

>> Total = RM 561.463 million


> Share of Profit in QR ended June 2024 = Rm 21.33 million

Dividend = RM 14.21 million

👉 Total = RM 597 million.


> > Share of Profit in QR ended September 2024 = Rm 36.29 million


👉Grand Total 🟰 RM 633.3 million 👍

> Jaks 30 % share in Vietnam Power Plant Joint Venture invested ard RM 600 Million.
( RM 400 million is from the Profit of Construction contract of the Vietnam Power Plant, EPC2.)

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.


按照购电协议，电力售价将随原料价格波动。意味着业务盈利贡献获得保证。Jaks管理层曾透露内部回酬IRR介于12%，PAYBACK PERIOD为8至9年

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha the gimmick on how Jaks finance its 30 % share capital investment, RM 600 million:


1.) Cash RM 200 million


2.) Profit from EPC2 construction contract RM 400 million.


So far Profit from 30% associate Joint Venture Vietnam Power Plant 1200 MW company from October 2016 to September 2024 :


> 400 million + 597 million = RM 997 million + 36.29 = RM 1033.3 million 👍

Posted by Mikecyc > 3 weeks ago | Report Abuse

Jaks LSS4 50MW RE Solar in Penang :
which is the asset owner of the solar farm .. is COD on August 2023 with TNB 25 years PPA …. CAPEX is RM 200 million:


>QR ended March 2024 :

👉Revenue: 5.3 Million , Profit RM 0.96 Million … 18.11 %


>QR ended June 2024 :

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


>QR ended September 2024 :

👉 Revenue : 4.7 million, Profit RM 0.3 million.. 6.38 %


👉👉 Average Profit % for 9 months of 2024 is 10.94 %

Posted by Mikecyc > 3 weeks ago | Report Abuse

Posted by Mikecyc > 1 hour ago | Report Abuse

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

—-

Posted by Mikecyc > 1 hour 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 %

Posted by Huangbk72 > 3 weeks ago | Report Abuse

Can Miketikus explain what is JAKs accumulated profit over RM369M comprises of?

Hint : Dont say Jaks can use this money ya ... cos Jaks still need PP and RI even for working capital 🤣

If answer wrongly, will add as question 5 to your list 😁

Posted by Huangbk72 > 3 weeks ago | Report Abuse

Not enough to pay up Star RM5.0 Million as settlement.

Not enough to settle bank commitment to transfer title to The Star.

Posted by Sslee > 47 minutes 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 Mikecyc > 3 weeks ago | Report Abuse

Haha again is Proven how Dumbasxx / TinKosong he/ she is ….🤣🤣🤣

—-

Posted by Huangbk72 > 8 minutes ago | Report Abuse

Can Miketikus explain what is JAKs accumulated profit over RM369M comprises of?

Hint : Dont say Jaks can use this money ya ... cos Jaks still need PP and RI even for working capital 🤣

If answer wrongly, will add as question 5 to your list 😁

Posted by Huangbk72 > 3 weeks ago | Report Abuse

Hahha.. So Miketikus proven again kosong, you dont have the answer? Still shamelessly pretending? 🤣🤣

Posted by Mikecyc > 59 seconds ago | Report Abuse

Haha again is Proven how Dumbasxx / TinKosong he/ she is ….🤣🤣🤣

—-

Posted by Huangbk72 > 8 minutes ago | Report Abuse

Can Miketikus explain what is JAKs accumulated profit over RM369M comprises of?

Hint : Dont say Jaks can use this money ya ... cos Jaks still need PP and RI even for working capital 🤣

If answer wrongly, will add as question 5 to your list 😁

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Ssleee how Jtiasa is going to finance the Replanting Cost ???

Posted by Mikecyc > 3 weeks ago | Report Abuse

Jaks : Why Trade Receivables is High due to Retention Sum .


FY2023 Annual Report:

> Trade Receivables

Third Parties RM 147.6 million

Retention Sum RM 134.4 million

>> the Retention Sum is for the RM 1.1 billion Pacific Star Towers Project .

The 6 years Legal Battle with Star Media is settled out of court on 5/11/2024 ….

Haha Kidd Konartist sslleee now knew why Jaks want to opt for settlement out of court.

Posted by Huangbk72 > 3 weeks ago | Report Abuse

Hahhaa... Miketikus.. U are so good in pusing2.

Jaks opt to settle out of court because they can never win.

U think Jaks want to pay Star Media RM5.0 Million and settle bank encumbrances to transfer title to Star.. 🤣🤣🤣

Now you know why they need 3 years to come up with the money 😁

U do know, the retention sum has to be reversed out of Jaks accounts after completion of above exercise within 3 years.

U pusing black into white 😉🤣🤣🤣🤣🤣

Posted by Mikecyc > 4 minutes ago | Report Abuse

Jaks : Why Trade Receivables is High due to Retention Sum .


FY2023 Annual Report:

> Trade Receivables

Third Parties RM 147.6 million

Retention Sum RM 134.4 million

>> the Retention Sum is for the RM 1.1 billion Pacific Star Towers Project .

The 6 years Legal Battle with Star Media is settled out of court on 5/11/2024 ….

Haha Kidd Konartist sslleee now knew why Jaks want to opt for settlement out of court.

Posted by Mikecyc > 3 weeks ago | Report Abuse

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. ( Vietnam Joint Venture Power Plant 1200 MW with EPCC RM 8.7 billion is COD on January 2021 )


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


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


>>👉 1QR is Profit RM 14.08 million , 2QR is Profit RM 19.11 million , 3QR is Rm 7.15 million…4QR is Loss ( 24.8 million )

👉👉 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.

>>👉3QR : RM 14.1 million with Net Profit RM 22.5 million.


( Note : Vietnam Power Plant Joint venture company is 30 % .. an associate company) .

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Aiya no need to arguing lah mikecyc aka Johnchew tomorrow maybe gain half cent to caught some water fish and go down and down again coz they headache where to get money pay the stuff salary 🤪🤪🤪

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Confirmed next 10 cents PP is on the way lio 🤪🤪🤪

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Good Sign on Jaks QR ended September 2024 :

1.) Selling n Distribution Expenses, Other Operating , Administrative Expenses:
RM 13.68 million vs September 2023 RM 30.91 million…..👉 is reduced by RM 17.23 million/ Quarter.


2.) Share of Profit in Joint Venture is RM 36,292,000 vs September 2023 is RM 35,962,000 ….. 👉is increased by RM 330,000 .



3.) Net Profit is RM 22.5 million vs September 2023 is RM 7.1 million….👉is increased by RM 15.4 million.


4.) Borrowings n Over Draft is RM 474.07 million vs September 2023 is RM 494.69 million…..👉is reduced by RM 20.62 million.



5.) Deposit held as Security values is RM 12.08 million vs September 2023 is RM 34.40 …. 👉 is reduced by RM 23.32 million.

Posted by Huangbk72 > 3 weeks ago | Report Abuse

Look at Page 3 - Cash flow statement of Jaks.

U will see the truth about Jaks.

Good news only for those that cannot read financials.

Posted by Mikecyc > 7 minutes ago | Report Abuse

Haha Good Sign on Jaks QR ended September 2024 :

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Next step 10 cents pp on the way🤪🤪🤪

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Later on drop until 1 cent and consolidate 10 to 1 or 20 to 1 and drop again to 1 cents 🤪🤪🤪

Posted by JediMaster1 > 3 weeks ago | Report Abuse

This the only destiny for your Jaks 🤪🤪🤪

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Jaks is very hungry for cash pp or Ri is only way to fund them pay salary to staff

😂

Posted by Sslee > 3 weeks ago | Report Abuse

Very unusual Jaks did not report foreign exchange loss on JV foreign asset

Unrealised FX loss - no choice, every listed company with foreign funds & foreign investments are badly hit due to strong RM as at 30/9/24.

However 50% of the unrealised losses have been recovered by 27/11/24

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Maybe they skip to report foreign exchange lost on current qr if reported big lost on this qr no investor will subscribe the pp coz they need money urgently 😂

Posted by Huangbk72 > 3 weeks ago | Report Abuse

Since Miketikus cannot read financials, I will help

Referring to page 3 of Jaks Cash Flow statement

For this Q, Jaks has a net cash outflow of (29.9M)

Mostly from operating loss and changes in working capital

As SSLee correctly highlighted, there are no Forex losses reported this Q. It is strange.

Posted by Mikecyc > 3 weeks ago | Report Abuse

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. ( Vietnam Joint Venture Power Plant 1200 MW with EPCC RM 8.7 billion is COD on January 2021 )


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


4.) FYE 2023 : 1st Half Revenue RM 17.47 million with Net Profit RM 33.19 million.


>>👉 1QR is Profit RM 14.08 million , 2QR is Profit RM 19.11 million , 3QR is Rm 7.15 million…4QR is Loss ( 24.8 million )

👉👉 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.

>>👉3QR : RM 14.1 million with Net Profit RM 22.5 million.


( Note : Vietnam Power Plant Joint venture company is 30 % .. an associate company) .

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Repost :


Jaks : forex exchange differences

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

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

Posted by Sslee > 3 weeks ago | Report Abuse

Share of profit from JV/associate company is just a book keeping profit and do not contribute to cash inflow.

Only dividend given by JV/associate company is cash inflow.
9 months ended 30 Sept 2024
Dividend received from JV company RM 14,207,000

Someone need to pray very hard that jaks will receive another dividend from JV in Q4 ended 31 Dec 2024 or else no money to pay salarly.

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Good Sign on Jaks QR ended September 2024 :

4.) Borrowings n Over Draft is RM 474.07 million vs September 2023 is RM 494.69 million…..👉is reduced by RM 20.62 million.



5.) Deposit held as Security values is RM 12.08 million vs September 2023 is RM 34.40 …. 👉 is reduced by RM 23.32 million.


Jaks :
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.78 %

Yinson :
Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.88 %

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha konartist sslleee r u referring Yinson no money to pay salarly ke …🤣😱🤔

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Jaks working capital can Last for 12.5 months… where as Yinson working capital only can Last for 7.5 months ….

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha no worries, Yinson cannot issued PP as no investors interested… see the loans n borrowings is keep increasing:


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.

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Definitely Jaks wouldn’t receive
Dividends on JV on next quarter this company financial in heavy pressure😂

Posted by Sslee > 3 weeks ago | Report Abuse

No worry Q4 will be a loss quarter as usual due to impairment on contract assets and receivables.

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Available cash bal 3 mil so sad those work in Jaks 3 mil can dry in 1 month 😂

Posted by JediMaster1 > 3 weeks ago | Report Abuse

You’re right Sslee next qr will report huge impairment lost 😂

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Even blind can see Junk stock Jaks is in big trouble and Yinson will be the cash cow 😂

Posted by xiaoeh > 3 weeks ago | Report Abuse

wow...
got chance for learning to read quarterly report season again...
appreciate to all lecturers...

i3 is the place to learn everything
love i3

Posted by JediMaster1 > 3 weeks ago | Report Abuse

So sad forex exchange lost they twisted in to cash outflow by right current qr should be red 😂




Huangbk72

Since Miketikus cannot read financials, I will help

Referring to page 3 of Jaks Cash Flow statement

For this Q, Jaks has a net cash outflow of (29.9M)

Mostly from operating loss and changes in working capital

As SSLee correctly highlighted, there are no Forex losses reported this Q. It is strange.

Posted by xiaoeh > 3 weeks ago | Report Abuse

Jaks is shifting its gear to Power Energy Division
Page 13
3 Prospects
Profits from the Power-Energy division are expected to play a pivotal role in mitigating challenges posed by the current constrained construction outlook and the competitive landscape for retail malls, ensuring continued growth and resilience for the Group

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha Repost :


Jaks : forex exchange differences

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

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha what can u expect from the Leader of the TinKosong Konartist Group….🤣🤣🤣


—-

Posted by Sslee > 1 day 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 Mikecyc > 3 weeks ago | Report Abuse

Haha finally why Jaks signed MOU with CALB on BESS , an additional reason:


BIDAAN PEMBANGUNAN SISTEM PENSTORAN TENAGA (BESS)
DIBUKA 29 NOVEMBER 2024 BAGI MENYOKONG
ASPIRASI PERALIHAN TENAGA NEGARA
PUTRAJAYA, 28 November 2024- Selaras dengan aspirasi peralihan
tenaga negara untuk meningkatkan campuran tenaga boleh baharu (TBB)
kepada 70% menjelang tahun 2050, Kementerian Peralihan Tenaga dan
Transformasi Air (PETRA) melalui Suruhanjaya Tenaga, akan
melaksanakan proses bidaan terbuka untuk pembangunan sistem
penstoran tenaga atau battery energy storage system (BESS) bagi sistem
pembekalan elektrik di Semenanjung Malaysia.
Pembangunan BESS secara bidaan ini julung kali dilaksanakan akan
menawarkan kapasiti berjumlah 400MW/1,600MWj. Pembangunan BESS
ini akan dibahagikan kepada empat projek yang berasingan dengan
kapasiti 100MW/400MWj bagi setiap projek dan perlu mencapai tarikh
operasi komersial bermula tahun 2026.
Kaedah perolehan secara bidaan terbuka ini akan memastikan proses
kelulusan kepada pemaju yang berkelayakan dilakukan secara telus dan
terbuka, membolehkan kadar tarif yang paling kompetitif serta
memberikan manfaat yang maksimum kepada sistem perbekalan elektrik
pada kos yang paling optimum.

Posted by Sslee > 3 weeks ago | Report Abuse

So Saturday or Sunday the government will announce the LSS5 successful bidders?

Posted by JediMaster1 > 3 weeks ago | Report Abuse

Even Jaks win they don’t have money to built now they in critical condition need cash to sustain life 😂

Posted by Mikecyc > 3 weeks ago | Report Abuse

Haha what a TinKosong Konartist 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 .


👉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 ..

Haha konartist sslleee used to call 🐍Ularsawa “ Come to X forum to rescue him “ ___ beware 🤣😱🤔
>>>


Jaks :
Current Ratio 1.04
Debt-Equity (DE) Ratio 0.64
FCF Yield 0.78 %


SCIB :
Current Ratio 1.53
Debt-Equity (DE) Ratio 1.1
FCF Yield -13.07 %


Yinson :
Current Ratio 0.64
Debt-Equity (DE) Ratio 2.27
FCF Yield -10.88 %

Posted by Mikecyc > 3 weeks ago | Report Abuse

Energy Commission to announce winning bids for LSS5 in November
By Bernama
October 8, 2024 @ 4:56pm


KUALA LUMPUR: The Energy Commission (EC) will announce the winning bids for the fifth round of the Large Scale Solar (LSS5) programme in November, said its chief executive officer (CEO) Datuk Razib Dawood.

"The announcement will be in November. I can't disclose the details. Just wait,"  he told Bernama on the sidelines of Enlit Asia 2024 here today.

Posted by Mikecyc > 3 weeks ago | Report Abuse

See Jaks on monetise the Penang land for RM 77.74 million , net book value as at December 2023 is RM 15.97 million with a net pro forma gain of RM50.38 million.

Posted by Mikecyc > 3 weeks ago | Report Abuse

As posted earlier:

Jaks 51 % : CPECC 49 % submitted tender 200 MW for LSS5 bid ( with intention up to limit 500 MW ) , EPCC is estimated RM 800 million ( although a newspaper had published it ) :

Jaks 51 % : RM 800 million x 0.51 = RM 408 million.

As referring to Vietnam JV Power Plant 1200 MW , EPCC RM 8.7 billion:

Equity 25 % , Loans 75 % .

An illustration:

Equity 25 % : 800 x 0.25 x 0.51 = RM 102 million

> EPC contract on Solar Farm construction: 800 x 0.3 x 0.2 ( profit ) = RM 48 million.

102 million- 48 million = RM 54 million can be opt from :

1.) > Accumulated Profit :

March 2016 = 55,453,000 … > June 2024 = 369,116,000 > September 2024 = 391,407,000


Or


2.) Jaks non current asset :

Investment in Joint Venture:

> June 2024 = 943 ,960,000
> September 2024 = 980,252,000


On 75 % Loans , all parties had learned from LSS4 Tender .. need time for syndicated Loans esp on Green Loans ( lower interest rate ) .

> Jaks Gearing Ratio :

2QR ended June 2024 :

Gearing Ratio = 0.303X

3QR ended September 2024 :

Gearing Ratio = 0.298X

Posted by Huangbk72 > 3 weeks ago | Report Abuse

Coming to 2 years now. Relentless promotion from 24/25c till 13.5c

Despite all the opportunities, Jaks remains a mismanaged company

Fast forward to latest QR

Revenue : 14M
Cash loss : (29.9M)
Cash on hand : 3.9M ( as at 30th Sept 2024)
Estimated monthly cash burn : 3 - 4M

This is despite over 29M PP ( 21M to repay bank and 7M for capital reqn) in 2024

Anyone agree that this is a good company?

Posted by xiaoeh > 3 weeks ago | Report Abuse

unless the following few quarterly results are able to show:
1) revenue increases consecutively especially from the local scene
2) earnings to be able to generate FCF

or else how to turn around?