Highlights
KLSE: JAKS (4723)       JAKS RESOURCES BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
1.30   +0.07 (5.69%)  1.23 - 1.31  26,547,100
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 836 Million
NOSH: 643 Million
Avg Volume (4 weeks):23,706,723
4 Weeks Range:1.10 - 1.43
4 Weeks Price Volatility (%):
60.61%
52 Weeks Range:0.405 - 1.43
52 Weeks Price Volatility (%):
87.32%
Average Price Target: 0.99
Price Target Upside/Downside: -0.31
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2019 [#3]  |  25-Nov-2019
Next QR | Est. Ann. Date: 31-Dec-2019  |  28-Feb-2020
T4Q P/E | EY: 10.69  |  9.35%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.4231  |  0.91
T4Q NP Margin | ROE: 1.04%  |  8.54%

Headlines

Date Subject
09-Dec-2019 Jaks Resources - Higher Expected Investment Returns from JHDP ?
04-Dec-2019 Trading Stocks - JAKS Resources
04-Dec-2019 Daily technical highlights – (JAKS,FRONTKN)
04-Dec-2019 Stocks on Radar - JAKS Resources (4723)
03-Dec-2019 Technical View - Jaks Resources Bhd (JAKS, 4723)
03-Dec-2019 捷硕资源迈向RM1.30/敏源
27-Nov-2019 [转贴] [Facebook live video:浅谈Jaks resources bhd (Jaks)] - James的股票投资James Share Investing
26-Nov-2019 Quarterly Report - Layhong & JAKS
26-Nov-2019 Jaks Resources Berhad - In Line
26-Nov-2019 [转贴] [JAKS RESOURCES BHD:越南EPC建筑部门的建筑工程完成的工程量较高] - James的股票投资James Share Investing
26-Nov-2019 Jaks Resources - Take Some Money Off the Table
19-Nov-2019 Jaks Resources Bhd: A relook into Jaks Resources from Profitability, Volume Spread Analysis and what’s Insiders Report are telling they are doing Now?
15-Nov-2019 【Jaks - 一家经营水管服务到扩展建筑业务的公司】
15-Nov-2019 Daily Technical Highlights – (KLK, JAKS)
15-Nov-2019 上升股:捷硕资源阻力RM1.56
11-Nov-2019 Trading Stocks - JAKS Resources
05-Nov-2019 Jaks, the Best Lesson on Margin Finance: The Dark Side kcchongnz
02-Nov-2019 Jaks rallies as Vietnam power plant is expected to meet the scheduled work plan
31-Oct-2019 Unimaginable Magic from Margin Finance on Jaks Resources kcchongnz
31-Oct-2019 Trading Stocks - JAKS Resources

Business Background

Jaks Resources Bhd is an investment holding company. It is organised into six main reportable segments - Manufacturing segment comprises mainly manufacturing of pipes; Trading segment comprises trading in sheet piles, steel bars, mild steel and special pipes, other steel related products, building materials and supply of products for water supply industry; Construction segment Comprise mainly provision of sub-contracting activities; Investment segment involves investment holding activities; Property Development and Property Investment segment is engaged in the development of residential and commercial properties and management of development shopping mall. Its principal geographical areas for its operations are located in Malaysia and Vietnam.
Analyze this stock with MQ Trader system

  16 people like this.
 
steady31 we may be on wave 5 .shortest w5 extension is 1.72.with such high volume ,a w5 is going to last longer and higher which may be underpinned by plant completion and start of cod
09/12/2019 4:34 PM
KoonYewSiong67 break 1.3 fake blok today!!!!
09/12/2019 4:36 PM
dannysky12 Break 1.31.....
09/12/2019 4:42 PM
papparich Heard the power plant is ahead of schedule...so good news!
09/12/2019 4:43 PM
KoonYewSiong67 good news !!
09/12/2019 4:43 PM
HawkEyes Power plant almost complete already. RM 3 faster come.
09/12/2019 4:45 PM
beinvested Power coming...
09/12/2019 4:54 PM
DK66 Jaks Resources - Higher Than Expected Investment Returns from JHDP ?

https://klse.i3investor.com/blogs/Jaks%20resources/245090.jsp
09/12/2019 5:00 PM
DK66 I have changed the title of the article
09/12/2019 5:01 PM
DK66 I will try to contact i3 admin
09/12/2019 5:12 PM
runroadtokl Jaks everyday create energy
09/12/2019 5:14 PM
DK66 Repost as new article

Jaks Resources - Higher Than Expected Investment Returns from JHDP ?

https://klse.i3investor.com/blogs/Jaks%20resources/245519.jsp
09/12/2019 5:26 PM
KoonYewSiong67 tomorrow fly again......
09/12/2019 5:28 PM
Collin Soo DK66, thank you for your article.. So excited to understand the TP is between 4.30 - 8.70.
09/12/2019 5:38 PM
VIN3133 Thumbs up , DK66 !! Timely article . TQVM !!
Fair & good guidance basing on Vinh Tan 1 performance.

P/S : Clicking ur article link , your article does not appear . U may have to repost it . Tq.
----------------------------------------------------------------------------
DK66>Jaks Resources - Higher Than Expected Investment Returns from JHDP ?

https://klse.i3investor.com/blogs/Jaks%20resources/245090.jsp
09/12/2019 5:00 PM
09/12/2019 5:43 PM
Pc Tan my TP is 10.00 in 2030
09/12/2019 5:43 PM
kariwong9394 09/12/2019 5:43 PM

Jaks in bullish, gogogo

Goodbye my love 我的爱人 爱爱人
09/12/2019 5:43 PM
DK66 VIN3133, i already repost the article. Follow the link below.

Jaks Resources - Higher Than Expected Investment Returns from JHDP ?

https://klse.i3investor.com/blogs/Jaks%20resources/245519.jsp
09/12/2019 5:45 PM
VIN3133 DK66, i can only read ur article by clicking " DK66" !!
09/12/2019 5:46 PM
deMusangking PcTan
U better change a new panttee!
Haha
09/12/2019 5:46 PM
DK66 Really ? what went wrong ??
-----------------
VIN3133 DK66, i can only read ur article by clicking " DK66" !!
09/12/2019 5:49 PM
probability i can access from your above link - no issues
09/12/2019 5:50 PM
DK66 But the link below is fine for me

https://klse.i3investor.com/blogs/Jaks%20resources/245519.jsp

How about others ? is the link ok ?
09/12/2019 5:51 PM
ramada I think VIN3133 too excited, he just clicked the older one.
09/12/2019 5:54 PM
OTB The share price of Jaks had crossed 1.29 to close at 1.30 today.
This is a good news to me.
Next resistance is 1.39 and 1.43 respectively.
Once the share price of Jaks crossed 1.43, there is no resistance for this stock.
I expect the share price of Jaks to hit my first target price of 1.72.
Thank you.
09/12/2019 5:55 PM
VIN3133 It is now OK , TQVM , DK66
09/12/2019 5:56 PM
dailyklse2010 DK66,

No issue to link in ~
More and more sure to JAKS but got no more bullet to add.
09/12/2019 5:58 PM
VIN3133 PRECISELY !!! haha
------------------------------------------------------------------
ramada>I think VIN3133 too excited, he just clicked the older one.
09/12/2019 5:54 PM
09/12/2019 6:10 PM
Windy1974 DK66. TQ for your detailed and great FA. I wished i could be as meticulous as you. However, some questions below.
1. My understanding is that this BOT should protect JAKS from coal price fluctuation right? meaning if coal price higher, Vietnam govt will compensate more but if coal price drop, JAKS will get less also? I am fine as profit is visible instead of relying on commodities fluctuation?
2. On what basis you benchmark on O&M cost?
3. Interest expenses of 6% i reckon is high for a borrower like CPECC. However, i am fine being conservative
4. What would be the pay back period for JAKS to incease shareholding by another 10%?
IRR of 12% alone is pretty high for power business. I guess JAKS is lucky because USD was around 3.1 then. Forex gain alone already 30%. However, USD fluctuation against MYR will determine how much JAKS profit in MYR term for the next 25 years. Now, i in dilemma whether i want Ringgit stronger not haha. This power plant deal is a once in a life time deal and ALP will become top 50 richest man in Malaysia
09/12/2019 6:13 PM
nagachan I am involved in a similar power project of the same size like Jaks (also under construction now). Basically all PPAs in Vietnam have to have the following to be bankable. BOT contract, fuel cost (coal price) passed thru. No IPPs will take fuel risk even in Malaysia. USD fluctuations not a concern as the tariff is index to USD even though is paid in Dong. The last thing is Dong convertibility which is guaranteed by MOF of Vietnam. In essence Jaks is a profitable IPP with project IRR around 15%. The only thing to worry like in any other business is Management credibility.
09/12/2019 6:21 PM
Windy1974 Hi Nagachan. TQ for your contribution as it's helpful for us to hear from someone in the industry. Disagree with your statement below. Yes, i know it's paid in USD but JAKS is a Malaysia company. Profit USD 200m x 4.2 and Profit 200m x 4 will be a 5% reduction. So, JAKS profit will be affacted by the strength of Ringgit or vice versa. Anyway, at current share price, even forex of 3.8 won't matter

USD fluctuations not a concern as the tariff is index to USD even though is paid in Dong.
09/12/2019 6:30 PM
Windy1974 btw, 100% agreed on your statement about management credibility. However, as I highlighted before. Since ALP doesn't own more than 50% of the company, we can make a different with our voting power if he is not acting in the best interest of the company.
09/12/2019 6:32 PM
nagachan I am talking about the risk of USD vs Dong in the tariff. Any fluctuations in USD vs Dong is not a concern as it is index. As for Jaks USD to RM, there is dollar hedging instrument and this is depending on Jaks management capabilities.
09/12/2019 6:39 PM
nagachan What you need to worry is whether the Dong is index to USD in the PPA. Not so much of USD to RM
09/12/2019 6:41 PM
Samtuckfatt For DK66 blog's link, if you are using mobile site, u just need to change to the desk top site first to view.
09/12/2019 6:50 PM
SarifahSelinder Yg ni Sarifah agree

Each n every cent of electricity sold would b metered

Vietnam IPP revenue figure kan as honest as possible


nagachan

Wat r d ways management may cause PAT to slip away?


nagachan........... The only thing to worry like in any other business is Management credibility.

09/12/2019 6:21 PM
09/12/2019 6:58 PM
DK66 Windy1974, tq for your compliment.

1. Jaks is protected from coal price fluctuation as cost of coal is directly passed thru to EVN under the PPA.

2. Note that the fixed and variable O&M costs are obtained from the following article (page 13)
https://ens.dk/sites/ens.dk/files/Globalcooperation/Official_docs/Vietnam/vietnam_technology_catalogue_-_english.pdf

3. As the loan is on non-recourse basis, 6% is reasonable.

4. Increase in shareholding by Jaks does not affect payback period as it is calculated on project basis


----------------------------------
Windy1974 DK66. TQ for your detailed and great FA. I wished i could be as meticulous as you. However, some questions below.
1. My understanding is that this BOT should protect JAKS from coal price fluctuation right? meaning if coal price higher, Vietnam govt will compensate more but if coal price drop, JAKS will get less also? I am fine as profit is visible instead of relying on commodities fluctuation?
2. On what basis you benchmark on O&M cost?
3. Interest expenses of 6% i reckon is high for a borrower like CPECC. However, i am fine being conservative
4. What would be the pay back period for JAKS to incease shareholding by another 10%?
IRR of 12% alone is pretty high for power business. I guess JAKS is lucky because USD was around 3.1 then. Forex gain alone already 30%. However, USD fluctuation against MYR will determine how much JAKS profit in MYR term for the next 25 years. Now, i in dilemma whether i want Ringgit stronger not haha. This power plant deal is a once in a life time deal and ALP will become top 50 richest man in Malaysia
09/12/2019 6:13 PM
09/12/2019 7:03 PM
stockraider Sell b4 too late loh....!!

Jaks insider selling mah.....!!

That means prospect of jaks no good loh...!!

Better switch to insas much safer mah...!


Changes in Director's Interest (Section 219 of CA 2016)

JAKS RESOURCES BERHAD


Information Compiled By KLSE

Particulars of Director

Name DATO' RAZALI MERICAN BIN NAINA MERICAN
Descriptions(Class) Ordinary Share

Details of changes

No
Date of change

No of securities

Type of transaction

Nature of Interest

05/12/2019

3,800,000

Disposed

Indirect Interest

Name of registered holder Dato' Razali Merican Bin Naina Merican
Description of "Others" Type of Transaction
Consideration (if any) RM4,646,260.00

Circumstances by reason of which change has occurred Disposed to open market

Nature of interest Indirect Interest

Total no of securities after change

Direct (units) 4,010,800
Direct (%) 0.624
Indirect/deemed interest (units) 18,500,000
Indirect/deemed interest (%) 2.877
Date of notice 09/12/2019
Date notice received by Listed Issuer 09/12/2019

Remarks :
Disposed: 3,800,000 Shares (0.591% of the issued capital). This announcement also serves to comply with paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
09/12/2019 7:07 PM
DK66 Nagachan, Thanks for sharing your knowledge. May I ask how do you know the IRR for Jaks is around 15%? Is your project also in Vietnam ?
------------------------
nagachan I am involved in a similar power project of the same size like Jaks (also under construction now). Basically all PPAs in Vietnam have to have the following to be bankable. BOT contract, fuel cost (coal price) passed thru. No IPPs will take fuel risk even in Malaysia. USD fluctuations not a concern as the tariff is index to USD even though is paid in Dong. The last thing is Dong convertibility which is guaranteed by MOF of Vietnam. In essence Jaks is a profitable IPP with project IRR around 15%. The only thing to worry like in any other business is Management credibility.
09/12/2019 7:08 PM
deMusangking @stockraider
soon
2 insas can buy 1 Jaks
3 insas can buy 1 Jaks
4 insas can buy 1 Jaks........
........

haha
09/12/2019 7:21 PM
probability stockraider, i suggest you buy JAKS - its really another HENGYUAN in the making...but the price will never retrace - as its 25 years recurring income unlike crack spread

you know me - i never say things which are not true (at least from all the available information i have)
09/12/2019 7:31 PM
VIN3133 True !!
The person closer to him is OTB who can recommend to him .
Hope he reads DK66's latest article !!
----------------------------------------------------------------
Posted by Probability >Dec 9, 2019 5:31 PM | Report Abuse

I no longer have any doubt on JAKS.

The most important person who should read this is Mr.Koon. He cant go wrong by investing here. In fact he should sell Dayang and buy back JAKS.
09/12/2019 7:48 PM
Mrinvest0r Can i still enter at this price ? What is OTB & DK66 long term tp ?
09/12/2019 8:05 PM
probability please put some effort to go through DK66 articles

https://klse.i3investor.com/blogs/Jaks%20resources/blidx.jsp

make decision based on your own judgement

seek clarification on what you dont understand

do not buy based on what others say or the TP they give


Posted by Mrinvest0r > Dec 9, 2019 8:05 PM | Report Abuse

Can i still enter at this price ? What is OTB & DK66 long term tp ?
09/12/2019 8:22 PM
deMusangking sure can buy lah!!!!!
no need to check this n that!!!!

haha
09/12/2019 8:32 PM
nagachan DK66 my answer to you is Yes
09/12/2019 8:47 PM
DK66 Thanks for the affirmation

----------------
nagachan DK66 my answer to you is Yes
09/12/2019 8:47 PM
09/12/2019 8:58 PM
DK66 Nagachan,

Do you have an estimate for the earnings of Jaks upon COD ?
09/12/2019 9:09 PM
HuatRex Boom anytime. Over manipulated
09/12/2019 9:18 PM
dailyklse2010 Fully manipulated also better than dead fish~ sour grape XD ?
09/12/2019 10:18 PM


 

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