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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. Telekosang Hydro was fully commissioned in December 2023.
JSB is on track 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.
Acquisition of Telekosang Hydro Assets finally approved. This would be the start of the turnaround of JSB. We will see the company now generating profits. Onwards and Upwards!
Another piece of good news for JSB. JSB has received the Initial Letter of Notification from the Energy Commission of Sabah for the construction of a 170MW run of river hydro power plant in Sipitang, Sabah. This is an important milestone for JSB.
Another RE rumors that KAB is diving into solar power, floating solar, battery storage, waste heat recovery, and waste-to-energy projects, and another big expansion in Kedah! Definitely worth checking them out..
SUSPENSION OF IDSS DUE TO BREACH OF PRICE LIMIT FOR JSB (5673) 2 Jul 2024, 12:16 SUSPENSION OF IDSS DUE TO BREACH OF PRICE LIMIT FOR JSB (5673) ISA-02072024-00002 Please be informed that short selling under IDSS for stock JSB (5673) has been suspended for the rest of the day as the Last Done Price of the Approved Securities dropped more than 15% / 15 Sen from the Reference Price. The short selling under IDSS will only be activated the following trading day, Wednesday, 3 July 2024 at 08:30 am. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Its Top Key Executive, Beroz bin Mirdin, is the largest shareholder, holding 20% of shares outstanding. Jeefri bin Muhamad Yusup is the second largest shareholder owning 5.1% of common stock, and Abdullah bin Husain holds about 4.4% of the company stock. Interestingly, the second-largest shareholder, Jeefri bin Muhamad Yusup is also Chief Executive Officer, again, pointing towards strong insider ownership amongst the company's top shareholders. A closer look at our ownership figures suggests that the top 12 shareholders have a combined ownership of 51% implying that no single shareholder has a majority. Interesting...... basically shareholders = management :-)
Cheap, don't have to look far, study MFCB 3069. Similar business model, similar power capacity. Already reached RM5 Billion market cap and growing strong. JSB just 300m. Must understand the nature of long term projects.
In summary; A) Telekosang Hydro 1 & Telekosang Hydro 2
Current Status -Already supplying eletricity for more than 6 mths to Sabah Eletric -Bursa already approved for takeover of TH1 sdn bhd & TH2 sdn bhd
Next Member (EGM)approval for takeover -Consolidating TH1 sdn bhd, TH2 sdn bhd account to JSB as subsidiary. -Quarter Report incorporating Telekosang Revenue.
B) Oriole Hydro Project
Current Status Initial and sites Infrastructure ready
Next -Power Purchase Agreement (Major Milestone) -Award to Main Contractor.
My friend and her husband bought up a lot. Never sell even though it touched 1.30 level. When it crashed to 0.50 she sold blue chips to buy more. She had so much confidence.
looks like can use telekosang project forever to invest clueless investors like moregain, want me to introduce you personal loan to buy more of this stock?
those promoting to accumulate on this counter, care to share the news that you have or potential news that you see forthcoming? Otherwise, just get stuck in this loss taking company with no prospects does not bode well lah... this company is loss making for the last 6 quarters !!! Yet..... someone sister even sell blue chips to buy jentayu? Phantom demi-god bird from the ramayana series.... :-) happy hunting
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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....
Greensky2
101 posts
Posted by Greensky2 > 2024-01-29 19:25 | Report Abuse
Stable is good.