I feel, not only Jsb but all those stocks hit hard by flash crash is worth the risk to buy especially there are no change in fundamental of the company.
Is that calculation correct? The project is expected to generate RM65 million per annum over the next 21 years, not generate RM65 million within 21 years
@Trianon sorry my bad. anyway if the owner is confident of the company, he would be happily wallop all the shares available now at the market at unbelievable price, especially those got the shares thru private placement recently
kokchengkai wah JSB oso kena ..izzit Tun daim family funds ready to pull out their cash from malaysia market hahaahaha looklike they r very rich but cannot declare to forbes know hehehe 17/01/2024 1:15 PM
Alibii, owner didn't not 'sell' the project to JSB. There are no cash transaction. Owner inject his assets to his new public listed company. I.e. back door listing. Anyway, you can read all my past comments. Several respected Investment Bank and Research house already covered on this. Last TP if not mistake around RM1.30 plus.
When people lose money in one of their portfolio, they will sell other (even their good stock) to cover the 'hole', that what happened to few counters. It's an opportunity.
stocks getting throwed down by operator purposely to push the price to the lowest so connected party to purchase at super low price to bring it back up. All big funds still inside.
Jentayu Sustainables Berhad acknowledges that it has been a challenging week at the stock market, as we were one of several counters that saw a considerable reduction in price over the last few trading days.
We are firm in our belief that these price fluctuations are short term in nature, and are not reflective of the company's true fundamentals.
Jentayu is well on its way to achieve its target for sustainable financial performance with the injection of the run-of-river hydropower plant Telekosang Hydro into Jentayu poised to be completed by Q2 2024. We are pleased to note that Telekosang Hydro was fully commissioned in December 2023.
We are also on track as planned to execute the Power Purchase Agreement (PPA) for our RM 2.8 billion, 170 MW run-of-river hydropower plant Project Oriole by mid 2024.
As of January 3rd, 2024, regulatory authority regarding the power industry in Sabah has been moved from the Federal Energy Commission (EC) to the Energy Commission of Sabah (ECOS), and just today, Jentayu had an encouraging meeting with ECOS, bringing us yet another step closer to signing our PPA for Project Oriole.
These developments put Jentayu in a much better financial and commercial position than ever, and we are very optimistic going into 2024 as years of hard work are set to bear fruit in the first half of this year.
According to various press reports, our recent stock price fluctuations could be due to an unwinding of positions. This unwinding could have triggered forced selling of Jentayu shares.
We give our investors and shareholders every assurance that these developments neither affect nor reflect Jentayu's fundamentals which continue to grow from strength to strength, and will not deter us from being on track to achieving our goals for this year as planned.
We are humbled by the continued faith our long term investors have shown in us, and we remain steadfast in our commitment to being worthy of that faith.
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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....
x3sphere
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Posted by x3sphere > 2024-01-19 09:04 | Report Abuse
Open LD. Kek