Below is Jaks revenue from the Vietnam EPC project. Numbers are taken from quartertly results.
The 82% percentage of completion is taken from The Edge report on 27 November 2019.
100% value is therefore RM1,678.8 million.
Balance Vietnam revenue to book in from 4Q 2019 to 4 2020 is RM302.2 million. How much revenue for each quarter? From 2019 result we can see the percentage of completion falling as the project is near to finish.
If 4Q 2019 can recognise 8%, revenue is RM134.3 million. If 5%, revenue is RM83.9 million.
What is profit margin? Numbers below are taken from Jaks quarterly results.
If apply average PBT margin, 8% percentage of completion will contribute PBT of RM32.0 million. 5% percentage of completion will be PBT RM20.0 million.
The above number may provide some guide to fellow Jaks investors.
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Extras. Below discussion is not reliable. Just for curious sake.
What is expected profit for Q4 2019? So many factors to take into consideration. Impossible to predict.
For curious sake, if assume all other business and expenses same as Q3 2019, and replace with above PBT.
Q3 2019 Vietnam revenue was RM168.5 million, PBT on average margin was maybe RM40.1 million. Q3 2019 net profit was RM25.0 million.
If Q4 2019 is 8% percentage of completion, net profit by this unreliable method is RM25.0 million - RM40.1 million + RM32.0 million = RM16.9 million
If Q4 2019 is 5% percentage of completion, net profit by this unreliable method is RM25.0 million - RM40.1 million + RM20.0 million = RM4.9 million
https://klse.i3investor.com/blogs/valueresearch/2020-02-21-story-h1483909538-Jaks_Vietnam_EPC_Contract_Revenue.jsp
The 82% percentage of completion is taken from The Edge report on 27 November 2019.
100% value is therefore RM1,678.8 million.
Balance Vietnam revenue to book in from 4Q 2019 to 4 2020 is RM302.2 million. How much revenue for each quarter? From 2019 result we can see the percentage of completion falling as the project is near to finish.
If 4Q 2019 can recognise 8%, revenue is RM134.3 million. If 5%, revenue is RM83.9 million.
What is profit margin? Numbers below are taken from Jaks quarterly results.
If apply average PBT margin, 8% percentage of completion will contribute PBT of RM32.0 million. 5% percentage of completion will be PBT RM20.0 million.
The above number may provide some guide to fellow Jaks investors.
.
.
.
.
.
Extras. Below discussion is not reliable. Just for curious sake.
What is expected profit for Q4 2019? So many factors to take into consideration. Impossible to predict.
For curious sake, if assume all other business and expenses same as Q3 2019, and replace with above PBT.
Q3 2019 Vietnam revenue was RM168.5 million, PBT on average margin was maybe RM40.1 million. Q3 2019 net profit was RM25.0 million.
If Q4 2019 is 8% percentage of completion, net profit by this unreliable method is RM25.0 million - RM40.1 million + RM32.0 million = RM16.9 million
If Q4 2019 is 5% percentage of completion, net profit by this unreliable method is RM25.0 million - RM40.1 million + RM20.0 million = RM4.9 million
https://klse.i3investor.com/blogs/valueresearch/2020-02-21-story-h1483909538-Jaks_Vietnam_EPC_Contract_Revenue.jsp
