JAKS (4723): News and Blogs

Ooh t see..... he deleted your posts becos he couldn't answer?

1 week ago

Share Consolidation when Jaks share price reaches RM0.06 to RM0.09 each.

Cheers 😘

1 week ago

Buy at 13 sen will become a 99% Capital loss case as after share consolidation Ex date 60 sen each will again drop down to 6 sen each.

Repeat Ad Infinitum 99.9% Capital Loss
Cheers 😘

1 week ago

Tikus body

1 week ago

Hoho just in time to catch ‘tis aka id being banned …so fast followed Huangbk72 post ..KonLee what happened to ur konPet, mentally or taken wrong medicine like u …

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MikecycFccukOwnEmak
MikecycFccukOwnEmak | Joined since 2024-10-25

This account has been banned for violating the Terms and Conditions of Use or Community Standards of this portal.
Investing Experience -
Risk Profile -

Posted by MikecycFccukOwnEmak > 10 minutes ago | Report Abuse
@ Eddy365....70 years old mother .. is sleeping with 75 years old MPPJ longkang superviosr SAMY VELLOO..  Her cee bai cannot KAN LIOW  so KAM LAN*CHIO only

1 week ago

Haha why yr aka id MrHuangbk is banned permanently , just being banned recently! Posted TinKosong n rubbish threads … used similar / abusive id to post abusive n unethical contents!

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Posted by Huangbk72 > 34 seconds ago | Report Abuse

Hahahha.. Miketikus still sniping from afar. No bola to post in Jaks ?

My record is for all to see:
1) critique Serba from 60/50c
2) critique SAP from 5/6c
3) critique Jaks from 19/20c

Never hide.. unlike Miketikus aka Mr Fake facts 😁

Btw.. Miketikus keep work harder trying to delete my posts ya. Everyone know you have tons of aka 🤣

1 week ago

He will delete ur posts when he cant answer?

1 week ago

Fusion Reactors operational in 2030.

Share consolidation at RM0.06 per share to become RM0.60

Drop back down to RM0.06 after share consolidation.

99% Capital loss after few rounds.

1 week ago

Loss 35% in jaks over 15 mths!@
Umean to say soon 0 SENse???

1 week ago

Exactly like YTLPower seppuku case since Fusion Reactors operational 2030.
Fusion Reactors been net positive energy for some time using injection technology.

1 week ago

Sslee

Winning and losing is a part and parcel of investment.
But to be so thick skin to go every forum to promote non stop 24/7/365 with half past six facts and figures for one and a half year to no avail is something very shameful and stupiiiiid

1 week ago

Only good at deleting comments

1 week ago

Am holding basket when the mouse bye bye at 0.10

6 days ago

Dream
Buy at 24 sen becomes 2.00 mere wet dreams.

Reality
Buy at 24 sen becomes 12.5 sen being 50% capital loss

Fact
Buy at 24 sen. Share consolidation at 6 sen. 99% capital loss.

😁👍🤜

6 days ago

Huang@
Are you saying when u r around, he won be here?

5 days ago

Huangbk72

Post removed.Why?

5 days ago

Huangbk72

Post removed.Why?

5 days ago

Haha no worries..as LSS5 2000 MW EPCC RM 7.2 billion tender award is scheduled to be starting announced by November 2024 .. let’s see the outcome!!

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.

5 days ago

Income

J· ust A· nother K· angkong S· tock

4 days ago

musangfoxking

administrator of i3investor@@@@
only the administrator can delete or ban comments!
make sure that it is not done by others!
Ban them if they do!!!

4 days ago

Sex firms are issuing entire Bursa Margjn Call today.

More importantly Sex Firms say avoid overnite positions. Translated it is a Sell Call for entire Bursa.

Good Luck on your KLM flight to Holland. 😁👍🤜

4 days ago

Income

Balianseks kuat Nya!

4 days ago

Income

Squat control here?

4 days ago

Haha why ah Id MrHuangbk is banned permanently recently.. used many abusive id to post abusive n unethical content!

4 days ago

musangfoxking

aiyo! u asked a low grade to answer a high grade !!!

3 days ago

ks55

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3497074

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=152329&name=EA_GA_ATTACHMENTS

Jaks finally agreed to call it a day by forgoing rm 50 million to Star.
Star now gained 50 million (or 7 sen a share) and Jaks lost rm 50 million.

21 hours ago

ValueInvestor888

incompetent mgt...

21 hours ago

KUALA LUMPUR (Nov 4): The six-year dispute between Star Media Group Bhd (KL:STAR) and property developer JAKS Resources Bhd (KL:JAKS) over the development of a parcel of land in Section 13, Petaling Jaya, which started in 2018, has come to an end, with both parties inking an agreement to settle the issue.

With the settlement agreement, the parties have agreed to withdraw legal proceedings and any counter claim against each other, with no liberty to file afresh. Star Media will also be allowed to recognise the bank guarantee of RM50 million it called in February 2018 as "other income".

"Hence, the settlement agreement is expected to have a positive impact on the earnings, earnings per share (EPS) and net assets (NA) per share of the company for the financial year ending Dec 31, 2024. The impact to the EPS (earnings per share) and NA (net asset) per share is estimated to be approximately RM0.07," Star Media said in a filing with Bursa Malaysia on Monday.

The legal dispute, which started six years ago, centred on the divestment of the land by Star Media to JAKS Resources in 2011, in return for JAKS Resources building a 15-storey office tower for Star Media on the site.

JAKS Resources’ unit JAKS Island Circle Sdn Bhd (JIC) also provided a RM50 million bank guarantee to assure the completion and delivery of the office tower. On top of that, JAKS provided its own corporate guarantee in favour of Star Media. However, JAKS Resources allegedly faced significant delays, missing the delivery deadline by 28 months.

In 2018, Star Media demanded the bank guarantee, asserting that JIC had failed to fulfill its delivery obligations, a claim JAKS disputed. Nevertheless, JAKS released the bank guarantee to Star Media in January 2019.

Despite this, Star Media initiated legal action on April 30, 2019, alleging that JAKS Resources had not met its obligations under the corporate guarantee for JIC to deliver the office tower. Star Media sought RM134.5 million as the remaining purchase price of the land, in addition to RM43.22 million in late payment interest.

In response, JAKS filed a counterclaim for the return of the RM50 million bank guarantee, along with RM248.24 million in liquidated damages, and RM297.04 million for loss of proceeds from a corporate fundraising exercise, which it argued were adversely impacted by Star Media's lawsuit.

The High Court in August 2020 partly allowed Star Media's summary judgment application in respect of the corporate guarantee claim against JAKS Resources, ruling that the company be paid the RM134.5 million balance of the purchase price of the land and the late payment interest at a rate of 8% per annum, from Oct 25, 2025 to July 6, 2020.

However, this summary judgement was set aside by the Court of Appeal in 2021, who ordered the matter be sent back to trial at the High Court. The Federal Court then dismissed Star Media's appeal against that decision and upheld the appellate court's order.

Shares of Star Media closed 0.5 sen lower, or 1.20%, at 41 sen on Monday, for a market capitalisation of RM299.21 million. JAKS Resources, meanwhile, closed unchanged at 13 sen with a market capitalisation of RM338.89 million.

20 hours ago

👉👉as posted earlier, year 2025 shl be Jaks year .

P/s : After won the 6 years legal battle against Star on March 2024 ( Pacific Star project ) from Federal Court … Jaks is counter claimed Star for RM 540 million.. next case management on 11/10/2024 for the parties to comply with the Pre-Trial case management directions. Trial was fixed on August 2025 .

👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.

>> Case Management:

1.) 8/5/2024

2.) 11/7/2024

3.) 11/10/2024

And the Losses from Star Pacific project can be reduced in view of :

1.) occupancy n tenancy

PACIFIC STAR
Section 13, Petaling Jaya
Pacific Star is an elite mixed development project located on 6.04 acres land at Section 13, Petaling Jaya with Gross Development Value of RM1.08 billion. The Group acquired the land from the Star Publications for RM135 million and the payment for this consideration would be the construction and transfer of an office tower to the Star Publications. This development consists of 5 blocks for residential units and commercial space purposes.

Star Publications has exclusive rights to Tower A, while Tower B, also an office suites, has 258 units. Tower C on the other hand consists of 191 units of semi-D like homes. Tower D consists of 156 units of serviced apartments located on the 10th to 24th floor. Meanwhile, Tower E consists of 310 units sprawled over the 10th to 33th floor.

There are 4 levels of basement car parks, 4 levels of retail units, 3 levels of office suites and 6 levels of elevated car parks.

👉And further if can monetise the property segment assets :

a.) Evolve Mall : loan balance RM 206.4 million… net book value as at December 2023 is RM 280 million.

b.) Pacific Towers : loan balance RM 70.6 million… net book value for Business Hub Tower only as at December 2023 is RM 232 million.

👉 Not only on anticipating Profit Gain on Monetisation these 2 properties asset , the Loans n Borrowings shl be reduced to Zero.

👉👉👉Loans n Borrowings as at June 2024 is RM 473.4 million….after monetise these 2 properties assets with Total Net Book Value RM 512 million … Jaks Shl be a Net Cash company.

19 hours ago

Haha oh KS55 whom attacked OTB with SWOT analysis without facts n figures ..not normal to be used in Investing..

I am posted :

S = Strength : as YTLpower promoters posted positive facts n figures

W= Weakness , T = Threat : as per my posts on each business segments hidden risks !

O= Opportunity: as Per my Point 1 to Point 4 case study … on Point 3 ( Swing Swing Swing Range ) .

After I am posted n Said KS55 posted without facts n figures.. he just bla bla bla how to show facts n right figures!!🤣🤣🤣🤔

19 hours ago

Haha repost from Jtiasa :

Posted by Mikecyc > 8 minutes ago | Report Abuse

Haha do you want another 6 years legal battle again starting from High Court to Court of Appeal to Federal court?

The Bank Guarantees amount being call in ard 6 years ago !

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👉Question: possibility of settlement out of court , as Star CEO is resigned on February 2024 after 2 years on the job .Previous CEO is resigned on May 2020 after nine months on the job, after the top job was left vacant by Datuk Seri Wong Chun Wai. Presently CEO is appointed from independent non-executive director of SMG, a position he held since Aug 11, 2018.

19 hours ago

Haha repost from Jtiasa :

Posted by Mikecyc > 2 minutes ago | Report Abuse

Haha now Jaks management can focus on LSS5 2000 MW EPCC RM 7.2 billion Solar project tender results that award shl be started announcing on November 2024 …

19 hours ago

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.

In April this year, the Ministry of Energy Transition and Water Transformation, through the EC, announced the offer of a solar quota of 2,000 megawatts (MW) through a competitive bidding process under the next phase of the Large Scale Solar (LSS) programme.

The bidding process was for LSS5 or LSS-Energy Transition SuRiA - LSS5 targets a total capacity of 2,000MWac, and the solar power plants under the programme are scheduled to start operating in 2026.

19 hours ago

Haha Repost from Jtiasa :

Haha no worries if investors still interested on PP fund raising …

As posted earlier:

Jaks 51 % : CPECC 49 % submitted tender 200 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 .

Or

2.) Jaks non current asset :

Investment in Joint Venture:

> June 2024 = 943 ,960,000

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

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Posted by Sslee > ago | Report Abuse

Mike-tikus isn't it a fact jaks do not have money to take on any more project.
How sure are you on jaks getting LSS5 and how jaks going to finance it?
Unless jaks asking more money from investors or shareholders with PP or RI.

17 hours ago

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?

5 hours ago