JAKS RESOURCES BERHAD

KLSE (MYR): JAKS (4723)

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Last Price

0.135

Today's Change

+0.005 (3.85%)

Day's Change

0.13 - 0.135

Trading Volume

3,267,200

Additional Listing


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Discussions
41 people like this. Showing 50 of 64,988 comments

JJPTR

6 years of legal tussle, who gain?
question is why many legal cases take so long? is it not enough judges in Msia? or case is purposely prolonged by certain party?

2 weeks ago

Mikecyc

Haha Kon Fox aka Demusang aka 123theman aka Musang King aka musangfoxking ke …now JJPTR ke

2 weeks ago

Mikecyc

Haha as said earlier: year 2025 is Jaks year !

Let’s see the Last hurdle : LSS5 2000 MW EPCC RM 7.2 billion tender winners to be announced starting from November 2024 …

2 weeks ago

warchest

Now the legal tussle already resolved. It is a positive for JAKS as prolonging this issue is a lose-lose situation. the only parties that will benefits are the lawyers. Anyway, JAKS already agreeable to release RM50mil bank guarantee to the Star. Just that the latter was not satisfied and demanding RM134.5 million from JAKS as the balance purchase price for the land, along with late payment interest of RM43.22 million.

2 weeks ago

warchest

It is actually considered the best way of JAKS to resolve.

2 weeks ago

musangfoxking

Post removed.Why?

2 weeks ago

xiaoeh

Mike
why change hoho to haha?

2 weeks ago

musangfoxking

Post removed.Why?

2 weeks ago

warchest

a few positive developments (i) legal tussles already ended (ii) the Group starts to bootstrap on their capital requirements (iii) Granting of LSS5 contracts (iv) more significant distribution of dividend from JHDPP is coming

2 weeks ago

warchest

It is bad company with bad management. But if they don't do something sill then it will go up

2 weeks ago

MrFox

Hoho...the mouse lost his panttee

2 weeks ago

Mikecyc

Haha 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 , is failed ) 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 %

2 weeks ago

Mikecyc

Further to the Company's announcement dated 5 November 2024, the Company wishes to announce the other salient terms of the Settlement Agreement as follows: - 1. JRB shall pay to Star Media Group Berhad (“STAR”) the sum of Ringgit Malaysia Five Million (RM5,000,000-00) by way of cash settlement within twelve (12) months from the date of this Settlement Agreement. 2. The Title to Tower A shall be delivered to STAR pursuant to the SPA within three (3) years from the date of this Settlement Agreement (“Title Delivery Date”), failing which STAR shall be entitled to late delivery interests at the rate of five per centum (5%) per annum calculated on the sum of Ringgit Malaysia One Hundred and Thirty-Four Million Five Hundred Thousand (RM134,500,000-00) from first (1st) day after the Title Delivery Date until the Title to Tower A has been delivered to STAR. 3. Both parties shall withdraw all suits and counterclaim with no order as to cost and without liberty to file afresh which has been done. Save for the settlement amounts to be paid, the Settlement Agreement is not expected to have any material financial or operational impact to the Group. This announcement is dated 6 November 2024.

2 weeks ago

MrFox

Hoho waiting 0.10

2 weeks ago

fl888

PP at 14cts coming..

2 weeks ago

fl888

See whether the Star legal suit will be withdrawn 7 days after Settlement Agreement dated 4-11-24…IE on 12-11-24

2 weeks ago

Mikecyc

Haha how about yr Aizo …run for yr life oredi !🤣🤣🤣🤔

2 weeks ago

Mikecyc

AI Overview


The results of the LSS5 tender are expected to be announced slightly earlier than previously expected, due to the increased demand for renewable energy in Malaysia.

The LSS5, or Large Scale Solar, is the fifth round of the program and is the largest allocation to date. The solar power plants developed under LSS5 are scheduled to be operational in 2026

The LSS5 tender was divided into four packages, each with different quotas and ownership requirements:

* Package 1
 250 MW quota for rooftop or ground solar power plants with a generation capacity of 1–10 MW. This package is open to companies with at least 51% Bumiputera ownership. 


* Package 2
 250 MW quota for rooftop or ground solar power plants with a generation capacity of 10–30 MW. This package is open to companies with at least 51% Bumiputera ownership. 


* Package 3
 1,000 MW quota for rooftop or ground solar power plants with a generation capacity of 30–500 MW. This package is open to companies with at least 51% domestic ownership. 


* Package 4
 50 MW quota for floating solar power plants with a generation capacity of 1–50 MW.


The LSS5 program is expected to create significant job opportunities in the solar installation sector, with a need for approximately 60,000 Seda Malaysia-certified workers by mid-2025. 

2 weeks ago

musangfoxking

hoho...so waiting for 0.10 to bye bye???!!!

2 weeks ago

Mikecyc

Haha TA is looking good :

1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid !

2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0

3.) Stoch RSI : 100 93.47

RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0


4.) Today volume = 16.775 million with VWAP 0.140

2 weeks ago

MrFox

Hoho looking good 0.10

2 weeks ago

xiaoeh

Hoho..Haha
Mike MrFox abang adik...
hohoho...hahaha...

2 weeks ago

Income

I think Xiao eh is ular, the more he speaks.:-)

1 week ago

Mikecyc

Haha why Gaipo Actor Xiaoeh : said Stucked in Jaks at RM 0.36 .. no time to study the fundamentals wow .. but free to Gaipo ard n close to the Kon gang ..


Member since 2020-05-07 …. Just waste the Buying Opportunity le .. anyway is proven a Gaipo actor Xiaoeh.. beware …

1 week ago

MrFox

Hoho.. the mouse got angrily over xia bekos lost in jaks, bot at 0.31 now 0.14

1 week ago

Mikecyc

Today 8/11/2024 :

1.) MA10 0.132… BB mid 0.132

2.) MACD 0.002 -0.000 -0.002

3.) Stoch RSI : 100. 97.82

RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0


—-
Posted by Mikecyc > 1 day ago | Report Abuse

Haha TA is looking good :

1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid !

2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0

3.) Stoch RSI : 100 93.47

RSI(14) Neutral 59.6
Stochastic(14) Neutral 75.0


4.) Today volume = 16.775 million with VWAP 0.140

1 week ago

SinGor

Will Jaks drops below 10sen?????---Another Question, Any Buyers below 10sen???

1 week ago

MrFox

Hoho...Certainly lah when the mouse is going to bye bye 0.10!

1 week ago

Starisborn

With the legal case out of the way......certainly will buy buy buy all the way up

1 week ago

MrFox

Hoho .... But the mouse Bye Bye Bye

1 week ago

Mikecyc

Haha as at 12/11/2024 , 3.15 pm :


1.) MA10 0.134… BB mid 0.133


2.) MACD 0.001. -0.000 -0.001


3.) Stoch RSI : 77.05 88.52 ( started cooling as engine is hot ) 


RSI(14) Neutral 50.4
Stochastic(14) Neutral 50.0



Posted by Mikecyc > 3 days ago| Report Abuse

Today 8/11/2024 : 


1.) MA10 0.132… BB mid 0.132 


2.) MACD 0.002 -0.000 -0.002 


3.) Stoch RSI : 100. 97.82 


RSI(14) Neutral 59.6 
Stochastic(14) Neutral 75.0 



—-

Posted by Mikecyc > 1 day ago | Report Abuse 


Haha TA is looking good : 


1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid !


2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0 



3.) Stoch RSI : 100 93.47 


RSI(14) Neutral 59.6 
Stochastic(14) Neutral 75.0 



4.) Today volume = 16.775 million with VWAP 0.140

1 week ago

musangfoxking

hoho...0.10 coming

1 week ago

Mikecyc

Jaks TA :

Haha as at 14/11/2024 :


1.) MA10 0.135 … BB mid 0.133


2.) MACD 0.001. -0.000 -0.001


3.) Stoch RSI : 56.50 63.19


RSI(14) Neutral 50.8
Stochastic(14) Neutral 50.0





———


Haha as at 12/11/2024 , 3.15 pm :



1.) MA10 0.134… BB mid 0.133


2.) MACD 0.001. -0.000 -0.001


3.) Stoch RSI : 77.05 88.52 ( started cooling as engine is hot ) 



RSI(14) Neutral 50.4
Stochastic(14) Neutral 50.0




Posted by Mikecyc > 3 days ago| Report Abuse


Today 8/11/2024 : 



1.) MA10 0.132… BB mid 0.132 



2.) MACD 0.002 -0.000 -0.002 



3.) Stoch RSI : 100. 97.82 



RSI(14) Neutral 59.6 
Stochastic(14) Neutral 75.0 




—-


Posted by Mikecyc > 1 day ago | Report Abuse 



Haha TA is looking good : 



1.) MA10 0.131 … BB mid 0.132… see see look look tomorrow can be divergent Up cross BB mid !


2.) MACD 0.002 -0.001 -0.002 : Fast line is divergent Up cross Slow Line … see see look look tomorrow can surface from water Level : 0.0 




3.) Stoch RSI : 100 93.47 



RSI(14) Neutral 59.6 
Stochastic(14) Neutral 75.0 




4.) Today volume = 16.775 million with VWAP 0.140

1 week ago

MrFox

hoho..bot 0,32 , now 0.13

2 days ago

JediMaster1

JediMaster research rated Jaks is below Junk stock rating very high risk to holding this stock please cut it immediately to safe your fund 🤪

10 hours ago

Mikecyc

Haha Je-Die Masker calm down , take the right medication to cure lost naked in Lambo Star Wars .

JediMaster used Alibaba / Scenery / Jedi1985 to promote Lambo since 2020 ( is delisted on October 2024 ) .

8 hours ago

JediMaster1

Do you think i am same Standard to you Jaks and Lambo are same class both are junk stock only Sohxx like you buy this kind of junk stock 🤪

8 hours ago

Sslee

Jaks Vietnam foreign asset in USD quarter end Sept 2024 will see big FX exchange losses.

7 hours ago

Mikecyc

Haha copied from Pchem :

Posted by Johnchew5 > 5 hours ago | Report Abuse

Hoho Repost :

Hoho this is interesting… let’s see coming QR result ended September….an opportunity for Entry or CutWin ???

Referred Pchem :

> QR ended June 2024 :

Exchange Rate :

USD / MYR

Average Rate 4.7323
Closing Rate. 4.7205


>> 30/9/2024 4.12557

USD /MYR is depreciated by 12.85 %


>> As at 31/10/2024 4.37901

USD /MYR is depreciated by 7.47 %


>>> As at 8/11/2024 4.38259


Remember Do 3 Own : Own Homework, Own Analysis and Own DecisionS as only you know your Risk level .

DecisionS: is changed Upon new information, new facts n figures.

Johnchew5
11,657 posts

Posted by Johnchew5 > 5 hours ago | Report Abuse

USD to MYR Chart
-4.23%
(1Y)
US Dollar to Malaysian Ringgit
1 USD = 4.46817 MYR
Nov 21, 2024 at 03:11 UTC

7 hours ago

Sslee

Jun-2024 31-Dec-2023
RM'000 RM'000
Investment in Joint Venture 943,960 904,452
If above is USD converted to MYR.
Then what will be it value as at end Sept 2024?

7 hours ago

Mikecyc

USD to VND Chart
+5.73%
(1Y)


USD to VND Chart
+2.10%
(2Y)


USD to VND Chart
+9.39%
(5Y)


USD to VND Chart
+19.24%
(10Y)
US Dollar to Vietnamese Dong

—-


USD to MYR Chart
-4.38%
(1Y)



USD to MYR Chart
-2.42%
(2Y)



USD to MYR Chart
+6.92%
(5Y)



USD to MYR Chart
+33.07%
(10Y)
US Dollar to Malaysian Ringgit

7 hours ago

Mikecyc

Haha Jaks is not like Yinson with High Debt lo … just like Pchem unrealised forex loss …

Why Jaks Vietnam JHDP dividend payout from yearly to half year as on June 2024 …

7 hours ago

JediMaster1

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 ) 🤪🤪🤪

7 hours ago

Mikecyc

Haha oredi loss naked in Lambo planet until mentally issues ke ..🤣🤣🤣

JediMaster1
JediMaster1 | Joined since 2017-05-15

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6 hours ago

Mikecyc

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.

6 hours ago

JediMaster1

Don’t be foolish Jaks and Lambo is not my Sayur both are junk stock 🤪

6 hours ago

Mikecyc

Scenery 1st post in i3 :

Stock: [LAMBO]: LAMBO GROUP BERHAD
Aug 3, 2020 9:49 PM | Report Abuse
forever' pending for price to go up to 20 cts only can decide whether you are 'chun' or 'not chun' ; wilwin never quote any TP, dont simply put the responsibility to him, now he cant come out liao, dont bully people.


Posted by scenery > Oct 17, 2020 11:56 AM | Report Abuse
paperplane, you come at right time to warn people that speculative stock cannot invest. 

Dont act like a kid still attacking me for stopping you from fighting with tom here! You have shame or not? If you have followed my earlier post, you would have known that I had cut my profit of 500% gain already.



Alibaba 1 st post in i3 :


Alibaba
kimfooyong

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Past 30 days
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Stock: [PHB]: PEGASUS HEIGHTS BHD
Jul 2, 2020 9:27 AM | Report Abuse
Posted by Kulong > Jul 1, 2020 12:14 PM | Report Abuse

I heard that PHB is going to be acquired by WRP Glove maker, anyone els

Hi Kulong, Where the news comes from?

2 hours ago

Mikecyc

Haha Je-Die Masker aka kimfooyong is really a fool ke ...🤣🤣🤣

2 hours ago

JediMaster1

No need to guess who is JediMaster if you don’t know who is JediMaster you not the Star Wars fan 🤪

1 hour ago

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