JAKS Resources Bhd.

JAKS Resources Bhd.

MMYX:JAKS
0.17
MYR
0.00
(0.00%)
Dec 01Next Earn
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Lam Poah Ang
Full Time Employees
107
Sector
Industrial services
Industry
Engineering & construction
Address
Pacific Towers Petaling Jaya Malaysia
IPO Date
Jul 1, 2004
Business
JAKS Resources Berhad is a Malaysia-based investment holding company primarily engaged in infrastructure construction, power and renewable energy generation, and property investment; its core operations encompass water supply and sewerage infrastructure projects including reservoirs, reticulation works, and pipe laying; manufacturing of steel pipes, ductile iron pipes, and related building materials through subsidiaries such as Pipe Technology System Sdn Bhd and Wing Tiek Ductile Iron Pipe Sdn Bhd; development and operation of a 1,200-megawatt coal-fired build-operate-transfer thermal power plant in Hai Duong Province, Vietnam via a 30%-owned joint venture JAKS Hai Duong Power Company Limited with China Power Engineering Consulting Group Co Ltd; a 50-megawatt solar photovoltaic plant in Nibong Tebal, Penang under the Large Scale Solar 4 programme with a 25-year power purchase agreement with Tenaga Nasional Berhad; a 29.99-megawatt solar project under the Corporate Green Power Programme; and management of investment properties including Evolve Concept Mall and Pacific Towers Business Hub in the Klang Valley. The company, founded in 1987 and headquartered at Unit B-09-28, Tower B, Pacific Towers, Jalan 13/6, Section 13, 46200 Petaling Jaya, Selangor, operates primarily in Malaysia with international presence in Vietnam and holds a Grade 7 certification from the Construction Industry Development Board and licenses from the National Water Services Commission. Recent developments include a September 2025 partnership with a Chinese firm to build twin 99.99-megawatt solar plants in Setiu, Terengganu; a 2024 memorandum of understanding with CALB Group Co Ltd for battery energy storage systems in Southeast Asia; participation in the Large Scale Solar 5 bidding with China Power Engineering Consulting Group International Engineering Co Ltd; issuance of 236.985 million new shares via private placement raising RM29.8 million in 2024; declaration of a first single-tier interim dividend of 0.5 sen per share for the financial year ended December 2024 payable in March 2025 with a dividend reinvestment plan; and strategic streamlining into infrastructure construction and power-renewable energy pillars following monetisation of non-core assets.