JAKS 1QFY19 profit above expectations

JAKS Resources Bhd (May 10, 78 sen) Maintain buy with an unchanged target price (TP) of RM1: JAKS Resources reported a very good set of first quarter of financial year 2019 (1QFY19) numbers — core profit after tax and minority interests of RM38.

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JAKS anticipates ‘very significant’ profit growth in next two years

HANOI (Dec 5): JAKS Resources Bhd expects its profit growth in the next two years to be “very significant” as it recognises construction earnings from the engineering, procurement and construction (EPC) contract for its coal-fired thermal independent power plant project in Vietnam, according to the group’s chief financial officer Steven Ang Si Eeng (pic).

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