Jaks Resources
Thursday, January 5, 2006
Water infrastructure company JAKS Resources Bhd has been seeing some pretty heavy duty trading activity.
Now there is this interesting piece on the Star Business section today.
JAKS shares up for third straight day
Shares in JAKS Resources Bhd rose for the third consecutive day amid heavy trading, despite the company announcing on Dec 30 financial results that were below analysts’ expectations. JAKS ended yesterday 50 sen or 11.11% higher.
Hmmm... stock's financial results were below ze market sifu's expectations ... and yet... the stock is selling like hot cakes.... yeah, yeah, guilty once more. Mumbling yet once more... anyway, I do like this following one statement the best...
An analyst with a local research outfit attributed yesterday’s five sen jump to the overall positive market sentiment, adding that there was no particular reason for the stock to garner so much interest.
Hmmm.... No particular reason for the stock to garner so much reason... LOL!!!!
Now i find that so farnee hor...
Don't you?
I mean... stocks needs a catalyst for people to buy mah, tiok boh?
Now this sifu cames out and sing loud-loud that there is no particular reason...
hmm... mmmmmmmmm
Looks like the stock got legs to kaki-kia hor... LOL!!... :P
Now here are some ... err... trick questions... LOL!!!
From a business-perspective, why does one invest in a company?
My answer?
The company is making tons of moola and it's very likely to continue to make much, more moola in the future.
And the possibility of the company to make much, much more moola is perhaps a catalyst for folks to buy the stock.
The company is finding big moola mah.. u want onot?
Now of course, silly-billy-me, on the other hand, there is Ze CHIAK (err.. hokkien word hor) theory!
Now dis Chiak theory... we buy the stock cos ze stock is gonna fly (or fry?) up, up and awayyyyyy (fiyoo.. long time no say this pharse)....
Soooooo since the share is going up .. isn't dis why i should also CHIAK the bugger!
How? :P
Ok, enuf humour for now... let's get serious a bit...
So ... we have a stock whose earnings were below sifu's expectations and there was no particular reason for the stock to garner sooooo much interest... so i am wondering just how is Jaks doing because the only financial info that is written in the article is the following:
For the financial year ended Oct 31, 2005, JAKS posted a net profit of RM8.9mil on revenue of RM235.6mil compared with net profit of RM32.4mil and revenue of RM215.7mil a year earlier.
Hmmm....
Jaks current net profit for current fiscal year is rm 8.9 million.
Jaks net profit for its previous fiscal year is rm rm 32.4 million.
Hmmm.... Net profit not so geng wor! Dropped soooo much. No wonder they call it below expectations!
But.... butt.... butttt....
Here is the link to Jaks latest earnings...
Quarterly rpt on consolidated results for the financial period ended 31/10/2005
Wahhh.... that reported 4th quarter... JAKS lost rm12.195 million!!!
Wahhh.... isn't this a rather piece of important information???
How come the reporter no say this in the article???
How cannnnnnnnn???
ps... JAKS and CHIAK.... err... does it rhyme? :P
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