Company Overview and News

Stronger earnings growth expected for JAKS Resources in 2H

2018-09-21 theedgemarkets
JAKS Resources Bhd (Sept 20, RM1.01) Maintain buy with a lower target price (TP) of RM1.75: We remain optimistic about JAKS Resources Bhd’s outlook post our recent meeting with management. We expect earnings growth to be stronger in the second half of 2018 (2HFY18), driven by the higher revenue recognition from its Vietnam engineering, procurement, construction and commissioning (EPCC) contract; however, we are cutting our earnings per share (EPS) for FY18 estimate (FY18E) to FY20E by 9.

Trading ideas: Elsoft, MMS Ventures, Barakah, DNeX

KUALA LUMPUR: JF Apex Research expects Elsoft Research Bhd , MMS Ventures Bhd , Barakah Offshore Petroleum and Dagang NeXChange Bhd (DNeX) to be among the stocks to watch on Wednesday.
4456 0113 7251 0090 4723 2291

Jaks Resources posts six-fold rise in 2Q net profit on one-off land disposal gain

2018-08-28 theedgemarkets
KUALA LUMPUR (Aug 28): Jaks Resources Bhd’s second quarter net profit soared more than six times to RM12.74 million from RM1.98 million a year earlier, thanks to a RM5.8 million gain from sale of land in Subang Jaya and higher progress billings from its engineering, procurement and construction (EPC) contract in Vietnam.
4723 BSMAF 1818

KLCI reverses loss but broader sentiment stays tepid

2018-07-31 theedgemarkets
KUALA LUMPUR (July 31): The FBM KLCI reversed its earlier losses at the midday break today, lifted by select index-linked blue chips, but the broader market sentiment remained tepid, tracking regional markets.
7083 HLFBF 1082 5032 NFLX BATS 4162 3794 9334 6033 7277 2852 PNADF 5225 3301 3867 4723 Q0F IHHHF 6807 PNAGF 1929

KLCI seen opening lower, tracking global markets, support at 1,750

2018-07-31 theedgemarkets
KUALA LUMPUR (July 31): The FBM KLCI is seen opening lower today, tracking the overnight losses at most global markets.
6084 7251 7060 7113 TPGVF 1171 0173 7253 4022 TGLVY 5216 4723 BSMAF 1818

Top Glove, JAKS, Star Media, MBSB, Barakah Offshore, Handal Resources, Fima Corp, Datasonic, New Hoong Fatt, Rev Asia and Tadmax

2018-07-30 theedgemarkets
KUALA LUMPUR (July 30): Based on corporate announcements and news flow today, companies in focus on Tuesday (July 31) may include: Top Glove Corp Bhd, JAKS Resources Bhd, Star Media Group Bhd, Malaysia Building Society Bhd, Barakah Offshore Petroleum Bhd, Handal Resources Bhd, Fima Corp Bhd, Datasonic Group Bhd, New Hoong Fatt Holdings Bhd, Rev Asia Bhd and Tadmax Resources Bhd
6084 7251 7060 7113 TPGVF 1171 0173 7253 4022 TGLVY 5216 4723 WWDH

JAKS gets interim injunction on RM50m payout to Star Media

2018-07-30 theedgemarkets
KUALA LUMPUR (July 30): JAKS Resources Bhd has been granted an interim injunction from the Federal Court today to restrain the payout of a RM50 million bank guarantee to Star Media Group Bhd.
6084 4723 BSMAF 1818

JAKS falls 4.5%; volume triples

2018-07-30 theedgemarkets
KUALA LUMPUR (July 30): JAKS Resources Bhd shares fell 4.5 percent, more than any full-day drop since May 7.

Court of Appeal dismisses JAKS’ bid on bank guarantees

2018-07-28 - 1
KUALA LUMPUR: The court has yet again ruled in favour of Star Media Group Bhd paving the way for two financial institutions to release bank guarantees amounting to RM50mil to the media giant.
6084 4723

JAKS fails again to block RM50m guarantee payout to Star Media

2018-07-27 theedgemarkets - 1
KUALA LUMPUR (July 27): The Court of Appeal today dismissed the application by JAKS Resources Bhd for an Erinford Injunction to restrain the payout of a RM50 million bank guarantee to Star Media Group Bhd.
6084 4723 BSMAF 1818

JAKS Resources down 8% ahead of injunction appeal hearing

2018-07-27 theedgemarkets
KUALA LUMPUR(July 27): Shares of JAKS Resources Bhd fell as much as 8% this morning to RM1.04, in the aftermath of the company’s announcement yesterday that a prominent investor had disposed of some shares as well as ahead of its injunction hearing appeal.
6084 4723

KLCI down marginal 0.22%, hovers above 1,760-level

2018-07-27 theedgemarkets
KUALA LUMPUR (July 27): The FBM KLCI was down marginally at mid-morning, tracking losses at regional markets.
9385 GMALF 4065 7113 TPGVF BATS 4162 5202 7123 CIMDF GMALY TGLVY KLKBY 1023 2445 5347 2542 4715 TNABY 4723 2739 TNABF 3719

KLCI to extend gains, immediate support at 1,745

2018-07-25 theedgemarkets
KUALA LUMPUR (July 26): The FBM KLCI is expected to edge higher today in line with the extended rally at most global markets, with immediate support at 1,745.
9261 6084 5180 4723 5246 MGFCF

Westports, Star Media, JAKS, Cuscapi, Uzma, Marine & General, Vizione, D’nonce Tech, CMMT, Gadang, M-Mode and Mega First

2018-07-25 theedgemarkets
KUALA LUMPUR (July 25): Based on corporate announcements and news flow today, companies that may be in focus on Thursday (July 26) may include the following: Westports Holdings Bhd, Star Media Group Bhd, JAKS Resources Bhd, Cuscapi Bhd, Uzma Bhd, Marine & General Bhd, Vizione Holdings Bhd, D’nonce Technology Bhd, Capitaland Malaysia Mall Trust, Gadang Holdings Bhd, M-Mode Bhd and Mega First Corporation Bhd.
9261 6084 5180 4723 5246 BSMAF MGFCF 1818

JAKS's latest injunction application against Star to be heard on Friday

2018-07-25 theedgemarkets
KUALA LUMPUR (July 25): Star Media Group Bhd today confirmed that it has been served with a fresh Erinford injunction by JAKS Resources Bhd.
6084 4723 BSMAF 1818

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