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[公司专区] 4723 JAKS資源

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发表于 2014-11-28 18:18 | 显示全部楼层

Quarterly rpt on consolidated results for the financial period ended 30/9/2014
JAKS RESOURCES BERHAD

Financial Year End31/12/2014
Quarter3
Quarterly report for the financial period ended30/09/2014
The figureshave not been audited
Attachments

Remarks :
Due to the change in financial year end to 31 December, there is no comparative quarter. the third quarter report for the quarter ended 31 July 2013 is attached for reference.

  • Default Currency
  • Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2014
[tr][/tr]
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30/09/2014
30/09/2013
30/09/2014
30/09/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
93,775
0
301,765
0
2Profit/(loss) before tax
8,624
0
31,131
0
3Profit/(loss) for the period
5,556
0
20,106
0
4Profit/(loss) attributable to ordinary equity holders of the parent
2,780
0
7,061
0
5Basic earnings/(loss) per share (Subunit)
0.63
0.00
1.61
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0300
1.0200


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发表于 2014-12-14 20:03 | 显示全部楼层
JAKS資源沒動靜
2014-12-14 19:22      

讀者德基問:
JAKS資源(JAKS,4723,主板建築組)的前景如何,我是在朋友介紹下買的。最近好像沒有甚麼動靜,我是否該賣嗎?
答:要看JAKS資源業務前景,讓我們看看最新業績表現及展望評論如何。
截至2014年9月30日為止第三季,該公司淨利為278萬令吉(每股淨利0.63仙),而營業額則為9千377萬5千令吉。首9個月淨利為706萬1千令吉(每股淨利為1.61仙),營業額為3億零176萬5千令吉。該公司的每股資產值為1令吉3仙。
談到未來前景,該公司認為旗下的建築及產業發展業務,將持續是主要核心業務及盈利來源。預料本財政年的業績表現有望改善。
有望標得雪水管工程合約
今年9月中報道指出,最近雪蘭莪州的水務重組計劃有希望獲得解決,特別是延遲已久的雪州泠岳2食水過濾廠計劃的推行,包括水管及蓄水池工程配套,總值約10億令吉,有多家公司合格競標水管合約,而JAKS資源則是有希望標得水管工程合約,因這是唯一能夠提供大直徑的水管,另一家公司則是文與謝鋼管有限公司。成績如何拭目以待,給予密切關注其進一步發展。
至於該公司的一些較新的企業消息或動靜,包括於10月29日宣佈,旗下獨資子公司——JAKS太平洋能源已向越南工商部(MOIT)提呈申請,要求將該公司在越南聯營發電廠計劃的先決條件完成期限再度延長至2015年10月31日。當時該公司仍在探索有意投資在上述項目潛在夥伴。上述發電廠計劃為兩座600兆瓦煤炭發動熱氣發電廠。這項計劃的成敗對它影響重大。
9月27日,該公司宣佈以2千235萬令吉代價,脫售八打靈白沙羅一塊3英畝土地及建有一間單層工廠的資產,所獲資金部份將充當償還銀行貸款,其餘則償還公司間拖欠余款用途。
由於在過去至少6個月裡沒有證券研究對它進行剖析與推荐,所以,對其股票要買要賣,自行決定。上述一點較新資料供參考。(星洲日報/投資致富‧投資問診‧文:李文龍)


點看全文: http://biz.sinchew.com.my/node/107287?tid=8#ixzz3LsCaqxnf
Follow us: @SinChewPress on Twitter | SinChewDaily on Facebook

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发表于 2014-12-22 17:37 | 显示全部楼层
OTHERS JAKS Resources Berhad ("JAKS or the "Company") JAKS Sdn Bhd secures RM55.3 Million contract from Pengurusan Aset Air Berhad.
JAKS RESOURCES BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionJAKS Resources Berhad ("JAKS or the "Company")
JAKS Sdn Bhd secures RM55.3 Million contract from Pengurusan Aset Air Berhad.

The Board of Directors of JAKS Resources Berhad (“JAKS” or the “Company”) is pleased to announce that its wholly owned subsidiary, JAKS Sdn Bhd has on 22 December 2014 accepted the award for Package 5 of the proposed development of the Langat 2 Water Treatment Plant and Water Reticulation System in Selangor Darul Ehsan/ Wilayah Persekutuan Kuala Lumpur for the supply and installation of pipes for the water treatment plant  for a contract sum of RM55,304,426.10 only (“the Contract”) from Pengurusan Aset Air Berhad.
The Contract is for duration of 24 months and is expected to be completed by January 2017.
The Contract is expected to contribute positively to the revenue and earnings of JAKS Group for the financial year ending 31 December 2015 and the following financial years within the duration of the Contract. There will be no effect on the gearing of the JAKS Group and the Contract will not have material effect on the net asset per share for the financial year ending 31 December 2014.
None of the Directors or major shareholders of the Company and persons connected with such Directors or major shareholders have any interest in the Contract.
This announcement is dated 22 December 2014.





Announcement Info
Company NameJAKS RESOURCES BERHAD
Stock Name JAKS   
Date Announced22 Dec 2014
CategoryGeneral Announcement
Reference NoCA-141222-60944


                                                   

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发表于 2014-12-22 21:31 | 显示全部楼层
第2冷岳濾水站工程 JAKS資源獲5530萬合約


財經股市22 Dec 2014 21:09
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轉寄 列印 字体:
 (吉隆坡22日訊)JAKS資源(JAKS,4723,主要板建築)旗下JAKS資源私人有限公司,獲得由水務資產管理公司頒發總值5530萬4426令吉,第2冷岳(Langat 2)濾水站工程第5配套。

 JAKS資源私人有限公司將負責為第2冷岳濾水站供應和安裝管道。

 JAKS資源向馬證交所報備,上述合約為期24個月,預計整個工程可在2017年1月竣工。

 根據報備文件,該工程料能貢獻JAKS資源2015至2016財年12月底收益和收入

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发表于 2014-12-23 09:39 | 显示全部楼层
JAKS Resources secures RM55.3m Langat 2 piping works contract


KUALA LUMPUR (Dec 22): JAKS Resources Bhd ( Financial Dashboard)’s subsidiary JAKS Sdn Bhd has secured package 5 of the proposed Langat 2 Water Treatment Plant and Reticulation System, for the supply and installation of pipes.

According to its statement to Bursa Malaysia, the contract is worth RM55.3 million, for duration of 24 months up to January 2017.

“The contract is expected to contribute positively to the revenue and earnings of JAKS group for the financial year ending Dec 31, 2015, and the following financial years within the duration of the contract,” said the company.

JAKS said the award would have no effect on its gearing or its net asset per share for its current financial year ending Dec 31, 2014.

According to theedgemarkets.com, Jaks’ fundamental score is at 0.35 and its valuation score at 0.9, on the scale of zero to three with three being the best score.

JAKS’ share price rose 3.5 sen or 8.33% to 45.5 sen, giving it a market capitalisation of RM195.07 million.

http://www.theedgemarkets.com/my ... ping-works-contract

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发表于 2014-12-24 17:30 | 显示全部楼层

獲5530萬合約‧JAKS一度漲至47.5仙2014-12-24 11:08       



                 
                 

(吉隆坡23日訊)JAKS資源(JAKS,4723,主板建筑組)獲得Pegurusan Aset Air公司總值5千530萬令吉合約,此消息帶動該股交投量升高,惟股價最終微挫。
JAKS週二股價最高上漲至47.5仙,最終以45仙掛收,跌0.5仙,成交量274萬4千700股。

JAKS發文告表示,將為Pegurusan供應及安裝導管,預期2017年1月竣工,耗時24個月。
該公司表示,上述合約有助於提振2015財政年的營收與淨利。(星洲日報/財經)






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发表于 2015-1-3 09:22 | 显示全部楼层
Engtex/JAKS/YLI: With Selangor’s water restructuring scheme planned to be wrapped up in 2015 and the federal government’s billion ringgit allocation for water infra works, stocks in the sector may see interest.



The government and its water sector management arm PAAB have committed to building new plants and fixing and replacing water pipelines. As a result, several pipemakers have been ramping up capacity in anticipation of new contracts, some of which had already been given out in 2014.



On Dec 22 2014 JAKS was awarded a rm55.3 million contract under Package 5 of the Langat 2 water treatment plant and water reticulation system project for the supply and installation of pipes. The company had earlier in March 2014, won a much larger rm399.31 million contract for the construction of a sewerage pipe network in Kepong.



The government had allocated rm975.37 million to replace old and leaking pipes as part of its development for 2015.



Accordingly there are about 43390km of old asbestos cement pipes in Malaysia that need to be replaced. As the estimated allocation to replace all the pipes is rm11 billion, it may take several years for a complete overhaul, based on the annual expenditure of the federal government.



Due to budget constraints and ongoing water infra projects, the government is unlikely to exceed rm1 billion per year. However given the small group of pipemakers with the necessary capacity to undertake these projects, getting a slice of rm1 billion could easily translate into hundreds of millions of ringgit in revenue.



Another catalyst is the expected completion of Selangor’s water asset consolidation for 2015. The disposals of Puncak Niaga and SYABAS will jump start the state’s much needed water pipe replacement programme.



The Selangor will need to replace all old pipes to reduce NRW. It needs to think long term and cannot only repair leaking pipes … said Selangor Infra executive councilor Zaidy Abdul Taib on Nov 26 2014.



The two main types of pipes used for water and sewerage networks are DI and MS. Engtex and YLI make up a duopoly in the DI pipe segment in Malaysia as they are the only companies with the specialized capacity to manufacture them.



The MS pipe segment, on the other hand is fairly competitive with more than 18 players including Engtex, YLI and JAKS. It is worth nothing that the margins for DI pipes are higher than for MS pipes.



The construction of the Langat 2 plant will entail demand for large diameter MS pipes (for the channeling of war water to the plant) and small diameter DI pipes (for distribution to households). Given the plant’s tight completion deadline in 2017, more contracts related to pipe supply and installations are expected to be handed out by PAAB in 2015.



A prevailing theme among the pipemakers’ stocks is that many of them are trading far below NAV. At present prices (02 Jan 2014), Engtex’s NAV stood at rm2.19, Choo Bee’s NAV stood at rm3.90 per share.



The degree of liabilities and business interests outside the pipe industry may explain the erratic share price performances of the companies in 2014. Some have been consistently profitable while others have reported mediocre earnings mainly due to major contracts drying up over the past few years.



The current share prices (02 Jan 2014) and NAV of those companies suggest minimal downside risk while at the same time, they are set to be completing for contracts worth billions of ringgit over the next few years.



Nevertheless, 2015 could mark a major turning point for the industry with both state and federal governments determined to move ahead with major water infra projects and pipe replacement.

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发表于 2015-1-6 10:55 | 显示全部楼层
雪州或颁水务合约 勇达捷硕股价齐扬

财经新闻 财经  2015-01-06 02:45

(吉隆坡5日讯)传可获雪州水务基建工程合约,激励勇达集团(ENGTEX,5056,主板贸服股)和捷硕资源(JAKS,4723,主板建筑股)股价均上扬。

勇达集团闭市时挂1.15令吉,全日扬升5仙,或4.55%,成交量达38万2400股;捷硕资源则挂45.5仙,扬1仙,或2.25%,成交量达301万8800股。

《The Edge》报道,水管制造商的股价相对资产总值被低估。

尽管勇达集团在过去几年盈利逐年增长,目前只以6倍本益比交易。在没有得到任何政府工程的情况下,勇达集团2014财年的营业额和净利持续创新高。

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发表于 2015-1-6 12:20 | 显示全部楼层
雪州或颁水务合约 勇达捷硕股价齐扬

财经新闻 财经  2015-01-06 02:45

(吉隆坡5日讯)传可获雪州水务基建工程合约,激励勇达集团(ENGTEX,5056,主板贸服股)和捷硕资源(JAKS,4723,主板建筑股)股价均上扬。

勇达集团闭市时挂1.15令吉,全日扬升5仙,或4.55%,成交量达38万2400股;捷硕资源则挂45.5仙,扬1仙,或2.25%,成交量达301万8800股。

《The Edge》报道,水管制造商的股价相对资产总值被低估。

尽管勇达集团在过去几年盈利逐年增长,目前只以6倍本益比交易。在没有得到任何政府工程的情况下,勇达集团2014财年的营业额和净利持续创新高。

http://www.nanyang.com/node/673401?tid=462

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发表于 2015-1-11 20:00 | 显示全部楼层
获政府拨款推行水供工程 水务股备受关注 二零一五年一月十一日 晚上七时一分





经过延后近10年,马来西亚水供基建即将获得新生机。雪兰莪州的水供重组计划将在今年落实,以及联邦政府对水供基建工程的数十亿令吉拨款,令相关领域的股项再次吸引投资者的目光。
政府与其水供领域管理支臂水务资产管理有限公司(Pengurusan Aset Air Bhd)承诺兴建新工厂和修复与替换水供输送管。因而,数家上市水管制造商已经加速产能以迎合新合约,其中一部分合约更已经在2014年发出。
去年12月22日,JAKS资源(JAKS,4723)宣布,它已获颁冷岳2水供处理厂与水供分配系统计划配套5下的5530万令吉合约,以供应和装置输送管。该公司在早前3月时,也赢得更大规模的3亿9931万令吉工程,在甲洞增江展开污水处理输送管网络的建造。
能源、绿色工艺与水务部长拿督斯里麦西慕透露,政府已在今年的发展预算案中,拨出9亿7537万令吉,以替换老旧和破损输送管。
根据2014年马来西亚水供业指南,国内约有4万3390万公里老旧石棉水泥输送管需要替换。基于联邦政府的常年开销,替换所有输送管的预测拨款达110亿令吉,并可能需要数年时间完成翻修。
受预算长期进行中水供基建计划的约束,政府输送管替换的拨款每年将不会超过10亿令吉。不过,由于输送管制造商属于小型领域,有能力参与这些计划,并获得10亿令吉的份额,将可轻易带来庞大的收益贡献。
另一项催化剂是预料今年雪兰莪水供资产统一的完成。商业高峰和雪兰莪水供(SYABAS)母公司商峰控股(PUNCAK,6807),同意于2015年首季出售资产予雪兰莪水务管理有限公司,将快速启动该州的水管替换计划。
耗费7亿令吉资本开销以装置和替换雪兰莪输送管的计划是在2008年当民联赢得州政权后陷入胶着。州与联邦政府之间的洽商呈僵局,导致该州老旧的水供网络基建恶化。
雪兰莪非收益水供企于33%。
基建执行委员再迪阿都瓦希早前透露:“我们将需要替换所有老旧水管,以减少非收益水供。我们需要考虑长远,不能只修复漏水管道。”
2种主要用于水供和污水网络的输送管是属于球墨铸铁和软钢。勇达集团(ENGTEX,5056)和友联工业控股(YLI,7014)是马来西亚球墨铸铁输送管的2个垄断商,它们是唯二拥有这项制造技术的专业能力的公司。
与此同时,软钢输送管方面则面对超过18个业者的非常激烈竞争,其中也包括了勇达集团、友联工业控股和JAKS资源。球墨铸铁输送管利润无疑比软钢输送管来得高,因前者利用本地废铁为原料,比较后者是使用高价的热轧钢卷。
冷岳2工厂建筑将利用大直径软钢输送管(以导送原水至该厂),以及小直径软钢铁输送管(分析水供至家居)。鉴于该厂在2017年的完成截止日期输送管供应与装置的合约预料将在今年内陆续发出。
该行业大部分是由上市输送管制造商所支配,它们拥有能力着手大型合约,以及大规模制造输送管。观察5大上市输送管制造商,显示它们的股价与资产总值比较都被低估。
以勇达集团为例,虽然过去数个财政年均录得盈利增长,但该股仅以6倍收益的水平交易。在没有赢得政府任何大型输送管替换合约之前,该公司于截至2014年12月31日止财政年仍然创下最佳收益和净盈利。
同样地,JAKS资源也处于相当吸引投资水平,尤其是在赢得首项冷岳2合约之后。
输送管制造商股项的优势,是它们大部分以低于资产值水平交易。以现有股价计,勇达集团较其每股净资产值2.19令吉折价了近50%,而聚美钢铁工业(CHOOBEE,5797)则仅挂1.57令吉,比较每股净资产值达到3.90令吉。
输送管工业以外的负担与业务可能解释这些公司股价表现遭侵蚀的原因,其中勇达集团在产业发展拥有股份,而JAKS资源则在越南拥有一项热能发电厂联营计划。它们之中部分录得一贯盈利,而其他则因为过去数年大型合约减少而平平无奇。
虽然如此,2015年将象征着该行业的一个主要转折点,因州和联邦政府已决定展开主要水供基建计划和输送管替换。
相关公司的现有股价和净资产值,意味着有限的下调风险,同时它们也准备就绪争取未来数年总值数以十亿计的合约。
http://www.kwongwah.com.my/news/2015/01/11/112.html


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发表于 2015-2-17 18:27 | 显示全部楼层

Quarterly rpt on consolidated results for the financial period ended 31/12/2014
JAKS RESOURCES BERHAD

Financial Year End31/12/2014
Quarter4
Quarterly report for the financial period ended31/12/2014
The figureshave not been audited
Attachments

Remarks :
Due to the change in financial year end to 31 December, there is no comparative quarter. the consolidated results for the financial period ended 31 October 2013 and 31 December 2013 are attached for reference.

  • Default Currency
  • Other Currency
Currency: Malaysian Ringgit (MYR)
SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2014
[tr][/tr]
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2014
31/12/2013
31/12/2014
31/12/2013
$$'000
$$'000
$$'000
$$'000
1Revenue
189,375
0
491,140
0
2Profit/(loss) before tax
22,787
0
53,918
0
3Profit/(loss) for the period
14,012
0
34,118
0
4Profit/(loss) attributable to ordinary equity holders of the parent
6,906
0
13,967
0
5Basic earnings/(loss) per share (Subunit)
1.58
0.00
3.19
0.00
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.0500
1.0200


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发表于 2015-3-14 23:36 | 显示全部楼层

Jaks Resources to focus on local jobs

Saturday, 14 March 2015

By: YVONNE TAN

WITH its overseas ambitions still a long way off from being realised, water infrastructure firm Jaks Resources Bhd is focusing on the local market for new business.

Its current order book, predominantly made up of jobs from the Government, currently stands at about RM1.5bil and involves, among others, water and sewerage infrastructure works.

The company, which is also involved in construction and property, has building works at the Paya Peda dam in Besut, Terengganu too, which is to be completed this year.

At RM1.5bil, its current order book is the company’s largest ever, helped by its expansion into the sewerage segment in 2013.

“The company is staged for further growth in the next few years, and if our results in the coming years are strong, then the board of directors may adopt a dividend policy to reward shareholders,” says its corporate strategy general manager Steven Ang.

Jaks has, he says, a tender book amounting close to RM3.5bil at the moment, of which RM2.5bil comprises water and sewerage infrastructure projects, with the remaining in the form of road infrastructure jobs.

The company once favoured by investors for its overseas plans, namely, its Vietnam power plant venture and construction contracts in China, as well as its position as a key beneficiary of the Selangor state’s mega-water restructuring plan, slowly fell off the radar as these catalysts faced disruptions.

In the case of its China venture, plans to jointly develop and extend a 20,000-tonne dock and berth at the Weifang Port located in Shandong were cancelled, and it has since exited the investment.

Its Vietnam plans, meanwhile, have been delayed.

In 2012, the company via a subsidiary, entered into several agreements to formalise its proposed joint venture (JV) with Meiya Power (HD) Ltd and Island Circle Investment Holdings Ltd to invest in two 600 megawatt (MW) coal-fired power plant projects in Vietnam.

These ventures have since been called off. Its proposed JV with Wuhan Kaidi Electric Power Engineering Co Ltd in Vietnam has also lapsed.

“We have submitted an application for an extension to seek for new partners in Vietnam, and it is anticipated that the extension from the Vietnamese Government will be granted soon,” Ang says.

Over the years, investors presumably also got tired of waiting after the water restructuring process in Selangor, which started way back in 2008, looked like it was not going to see the light of day anytime soon.

Just recently, the Selangor state government cancelled the water restructuring deal with the Federal Government, sparking off even more uncertainty.

Ang says the only job the company has that is linked to the state’s water sector restructuring plan is an RM55.3mil contract to supply and install pipes for the Langat 2 water treatment plant and water reticulation system.

“So, whether or not this job goes on amidst the current uncertainty, it will not impact us much.”

He says the company as recently as 2013 had started to find new segments with “higher net profit margins” in anticipation of a protracted Selangor water sector restructuring process.

“The sewerage segment, for example, has helped us boost our order book by quite a bit.”

In recent years, the company has secured a number of large sewerage infrastructure projects, including the Puchong and Jinjang Kepong sewerage pipe-laying works valued at RM640mil.

“We hope to obtain more,” he says.

Meanwhile, with the acquisition of MNH Global Sdn Bhd in 2013, Jaks ventured into property development and currently has two ongoing mixed-development projects, namely, Pacific Place Ara Damansara and Pacific Star PJ Seksyen 13, both with a gross development value (GDV) of RM1.2bil each.

“The Pacific Place Ara Damansara project is at its tail end, with two more blocks of apartments to be handed over by the first half of this year and a 400,000-sq-ft mall slated to be opened over the same period,” Ang says.

He says sales of the Pacific Star mixed-development project have steadily picked up, mainly because of its location and product typology.

“It is anticipated that Pacific Star will be completed by the end of 2016.”

Jaks is also working on the redevelopment of its USJ 1 site, which has a GDV of around RM2bil.

Moving ahead, Ang says amid uncertainty in the global economy, the company remains aware of the fact that weak oil prices could deter major infrastructure projects from being carried out, while tighter lending measures and the introduction of the goods and services tax may deter prospective house buyers from making purchases.

“We will be focused on our strategic direction and capitalise on our strengths to secure key projects.”

For financial year 2014, Jaks’ net profit stood at RM14mil on a revenue of RM491.1mil.

Its shares yesterday were traded at 52.5 sen apiece, translating into a market capitalisation of RM230mil.
http://www.thestar.com.my/Busine ... cal-jobs/?style=biz

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发表于 2015-4-1 08:59 | 显示全部楼层
It is principally involved in water supply, infra construction projects, manufacturing pipes and property development.


The group has also secured an IPP contract to construct two 600MW power plants in Hai Duong, Vietnam on a BOT basis.



It has high earnings visibility FY2015 and FY2016 supported by its unbilled sales of rm730 million from its current (March 2015) property projects and outstanding construction order book of rm786 million.



The group is also planning to launch a mixed use development project in USJ1 in the second half of 2015 with an estimated rm2 billion GDV.



Potential financial close of its IPP project of its IPP project in Vietnam, upcoming River of Life sewerage projects and potential water related projects upon resolution of water issuers in Selangor offer further earnings upsides.



Should JAKS be able to achieve financial close of its IPP project and launch the USJ1 development in 2015 as planned the stock could be valued at rm1.51 billion.



Even applying a 50% discount on its SOP valuation, the stock still provides a fair value of rm0.76.



The successful launch of the USJ1 project is crucial since it constitutes about 50% of the SOP valuation. Besides that, the group has capitalized about rm150 million incidental costs incurred for the development of the IPP project in Vietnam as at end 2014. As such, failure to securer extension of financial project could lead to impairment of such costs.

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发表于 2015-4-1 13:46 | 显示全部楼层
USJ1 launch and IPP projects additional kickers for Jaks
By AllianceDBS Research / AllianceDBS Research   | April 1, 2015 : 10:30 AM MYT   
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Jaks Resources Bhd ( Financial Dashboard)
(March 31, RM0.55)
Not rated, potential target price of 76 sen per share: Jaks Resources Bhd is principally involved in water supply, infrastructure construction projects, manufacturing pipes, and property development. The group has also secured an independent power plant (IPP) contract to construct two 600mw power plants in Hai Duong, Vietnam on a build-operate-transfer (BOT) basis.

Jaks has high earnings visibility for financial year 2015 (FY15) and FY16, supported by its unbilled sales of RM730 million from its current property development projects and outstanding construction order book of RM786 million. The group is planning to launch a mixed-use development project in USJ1 in the second half of FY15 with an estimated RM2 billion gross development value. Potential financial close of its IPP project in Vietnam, upcoming River of Life sewerage projects and potential water-related projects upon resolution of water issues in Selangor offer further earnings upsides.

Should Jaks be able to achieve financial close of its IPP project and launch the USJ1 development this year as planned, the stock could be valued at RM1.51 based on our sum-of-parts (SoP) valuation model. Even applying a 50% discount on our SoP valuation, the stock still provides a fair value of 76 sen, implying an attractive 37% upside.

The successful launch of the USJ1 project is crucial since it constitutes about 50% to our SoP valuation. Besides that, the group has capitalised about RM150 million incidental costs incurred for the development of the IPP project in Vietnam as at end-2014. As such, failure to secure extension of financial closure and/or carry out the project could lead to impairment of such costs. — AllianceDBS Research, March 31

Jaks_010415



This article first appeared in The Edge Financial Daily, on April 1, 2015.

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发表于 2015-4-1 13:46 | 显示全部楼层
USJ1 launch and IPP projects additional kickers for Jaks
By AllianceDBS Research / AllianceDBS Research   | April 1, 2015 : 10:30 AM MYT   
Share on facebookShare on twitter
Printer-friendly versionSend by emailPDF version
Jaks Resources Bhd ( Financial Dashboard)
(March 31, RM0.55)
Not rated, potential target price of 76 sen per share: Jaks Resources Bhd is principally involved in water supply, infrastructure construction projects, manufacturing pipes, and property development. The group has also secured an independent power plant (IPP) contract to construct two 600mw power plants in Hai Duong, Vietnam on a build-operate-transfer (BOT) basis.

Jaks has high earnings visibility for financial year 2015 (FY15) and FY16, supported by its unbilled sales of RM730 million from its current property development projects and outstanding construction order book of RM786 million. The group is planning to launch a mixed-use development project in USJ1 in the second half of FY15 with an estimated RM2 billion gross development value. Potential financial close of its IPP project in Vietnam, upcoming River of Life sewerage projects and potential water-related projects upon resolution of water issues in Selangor offer further earnings upsides.

Should Jaks be able to achieve financial close of its IPP project and launch the USJ1 development this year as planned, the stock could be valued at RM1.51 based on our sum-of-parts (SoP) valuation model. Even applying a 50% discount on our SoP valuation, the stock still provides a fair value of 76 sen, implying an attractive 37% upside.

The successful launch of the USJ1 project is crucial since it constitutes about 50% to our SoP valuation. Besides that, the group has capitalised about RM150 million incidental costs incurred for the development of the IPP project in Vietnam as at end-2014. As such, failure to secure extension of financial closure and/or carry out the project could lead to impairment of such costs. — AllianceDBS Research, March 31

Jaks_010415



This article first appeared in The Edge Financial Daily, on April 1, 2015.

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发表于 2015-4-8 21:31 | 显示全部楼层
有好友是否可以告知 有啥么消息 Jaks 今天成交量这么大 起了 五分 谢谢

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发表于 2015-4-10 22:38 | 显示全部楼层
新晉房產業推動盈利 JAKS資源具揚升空間

 (吉隆坡10日訊)JAKS資源(JAKS,4723,主要板建築)晉升為房產業者,管理層相信這是未來主要盈利成長推動力,不過該股目前在低于1.03令吉賬面價值水平交易,仍有揚升空間。
 艾芬黃氏資本研究指JAKS資源低調建立房產業者身分,其中未進賬銷售達7億3000萬令吉,管理層預計這項業務將推動公司未來營業額成長。
 目前JAKS資源有2項主要房產發展工程,價值約30億令吉,同時積極開拓新地庫以持續未來發展。
 過去,該公司活躍于擴大建築業務,尤其是道路基建和水務相關基建工程。JAKS資源手上有15億令吉建築訂單,報告也看好建築工程訂單將提供穩定收入來源。
業績顯著轉盈
 另外,水管業務對JAKS資源營業額貢獻少于20%,可是管理層認為這門生意仍有潛能。該公司相信中央政府和州政府解決法律問題后,將可開始國內水管替代工程。
 針對越南電力工程,該公司管理層有信心長期可實現財務結算。不過報告沒有列明此計劃潛在風險,JAKS資源至今已在有關工程投資1億4000萬令吉,若無法為工程套現將涉及減值收費。
 該公司2011財年業績虧損后,至今已顯著轉虧為盈。以估值而言,JAKS資源在低于1.03令吉賬面價值水平交易。
 JAKS資源早盤以63仙開市,之后一度揚升至64.5仙,休市報64仙,起1仙;該股閉市掛65仙,起2仙,成交量896萬2800股。http://www.chinapress.com.my/node/613482



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发表于 2015-4-18 16:11 | 显示全部楼层

捷硕资源反弹上挑89仙  2015-04-18 10:23





马股于4月17日的交投活动,又再陷入一段巩固回调走势,期间的交投活动显现一段盘整走势,于1845点水平线上,取得应有的技术支撑。
富时隆综指于4月17日,处于1845点报收。富时隆综指30只成分股,处于盘整趋势。上升股项为493只,而下跌股项为334只。
捷硕资源(JAKS,4723,主板工业产品股)于4月17日闭市时反弹。它于闭市时收79仙,按日起5.5仙或7.48%。
捷硕资源的日线图表走势,于4月17日的交投趋势,突破一道顶头阻力线(B1:B2)后继续爬升。
它的日线平滑异同移动均线指标(MACD),于2015年4月17日的交投走势,已处于一段反转趋势。
它处于“0”支撑线上波动,捷硕资源后市的交投走势,料会出现一段持续技术反弹走势。
捷硕资源的日线图表走势,于近期将会显现一段反弹走势,或会上挑80至89仙的阻力位。
免责声明
本文纯属技术面分析,仅供参考,并非推荐购买。投资前请咨询专业金融师。


敏源(技术分析教父) http://www.nanyang.com/node/694792?tid=704


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