Disclaimers :- All Mabel comments in i3 forum are based on my investment experience across the Globe by applying the Pareto principle. No buy or sell call on any stocks in i3 forum on all my comments. You are advised to consult license banker or Remisier for any investment.
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7 hours ago | Report Abuse
Sime Plantation and Property are doing well...
It has to be coming from Sime Group...
The only explanation is due to rationalization of fuel subsidy..
8 hours ago | Report Abuse
KUALA LUMPUR (Nov 12): Sapura Energy Bhd (KL:SAPNRG) said on Tuesday it has accepted the terms and conditions set forth by its multi-currency financing (MCF) creditors for the proposed disposal of its 50% stake in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS for US$705.3 million (RM3.37 billion).
Among the conditions is that net proceeds from the disposal will be held in a segregated account held by Sapura Energy’s wholly owned subsidiary Sapura Upstream Assets Sdn Bhd (SUA) at either Malayan Banking Bhd (KL:MAYBANK) or Maybank Islamic Bank Bhd, according to Sapura Energy’s bourse filing on Tuesday.
SUA will then create a first ranking fixed charge or priority claim over the net sale proceeds and the segregated account in favour of Maybank Investment Bank as the security agent for the MCF creditors. The charge will remain in place until the restructuring process is finalised, with the funds designated to pay down Sapura Energy’s debt as part of its ongoing debt restructuring plan.
The group had filed applications to the High Court to seek validation of the disposal and the creation of the security arrangements.
On Nov 4, the court granted Sapura Energy the necessary approvals and ruled that the creation of the security arrangement was valid and beneficial to its overall creditors, even though it can be considered a preference for the MCF financiers. The court also confirmed that the proposed disposal did not require court approval to proceed.
The company also affirmed that the net sale proceeds from the proposed disposal would be used solely for reducing Sapura Energy’s liabilities, even if the planned debt restructuring scheme is not approved or sanctioned by the court.
Back in April, Sapura Energy said SUA had entered into a conditional sale and purchase agreement to divest its 50% equity interest in SapuraOMV to TotalEnergies for US$530.3 million (RM2.53 billion) cash and US$175 million relief on debt obligations.
The proposed divestment would result in a net gain on disposal of about RM793 million upon completion, Sapura Energy said then.
Sapura Energy bought SapuraOMV for US$898 million back in 2014 from Newfield Exploration Co, before selling half its stake to OMV AG in 2018 for up to US$975 million.
1 day ago | Report Abuse
Haha Mabel thinks the price may still cums down...hihihi
1 day ago | Report Abuse
Sold YTL today…Thank you YTL for the nice 4.5 sen Dividend…
Today is the date on which the stock starts trading without the value of its next dividend payment. If you own the shares before the ex-dividend date, you are entitled to the dividend, even if you sell the shares on the ex-dividend date or later…
Will re enter at RM 1.95...
To Our Success !
Meow
1 day ago | Report Abuse
During the COVID-19 pandemic, PETRONAS Chemicals Group Bhd (PCHEM) experienced significant fluctuations in its stock price. In November 2020, PCHEM's share price was around RM 5.00...
Now it is trading below that level..
Support 1 at RM 4.74
Support 2 at RM 4.63
Trade at your own risk..
Meow
1 day ago | Report Abuse
technical chart looks horrible!
1 day ago | Report Abuse
PETRONAS Chemicals Group Bhd (PCHEM) is expected to announce its next quarterly report on November 28, 2024.
1 day ago | Report Abuse
#DJThong How does gas aggregator role affect pet chem ?
It’s oil to chems
And there are no pet chem plants yet in Sarawak using gas
11/11/2024 8:39 PM
The news about Sarawak's move to take over the distribution of natural gas in the state could have several implications for PETRONAS Chemicals Group Bhd (PCHEM):
Supply Chain Impact: If Sarawak successfully takes control over the distribution of natural gas, it could affect the supply chain for PCHEM, especially if there are changes in pricing or availability of natural gas, which is a key input for their chemical production.
Operational Costs: Any disruptions or changes in the supply chain could lead to increased operational costs for PCHEM. This could impact their profit margins and overall financial performance.
Legal and Regulatory Challenges: The ongoing legal and regulatory discussions between Sarawak and Petronas could create uncertainty in the market. This uncertainty might affect investor confidence and could lead to volatility in PCHEM's stock price.
Strategic Adjustments: PCHEM might need to adjust its strategies to mitigate any potential risks arising from this situation. This could include diversifying their supply sources or investing in alternative energy solutions.
Overall, while the full impact remains to be seen, these factors could potentially affect PCHEM's operations and financial performance.
Support 1 at RM 4.74
Support 2 at RM 4.63
Meow
2 days ago | Report Abuse
That will be Mabel's next collection...hihihi
2 days ago | Report Abuse
Thank you so much for matching Mabel's que at RM 2.05, RM 2.04 and RM 2.03...
Mabel so apy this morning.
4.5 sen Dividend cumming...
Yum Yum Yum...
4 days ago | Report Abuse
Lovely...
Thank you JM!!!
Meow Meow Meow
4 days ago | Report Abuse
Next Monday, November 12, 2024 will be the last day before exdate of 4 sen (2%) dividend for YTL.
Yum Yum
4 days ago | Report Abuse
cktay Big drop yesterday after big gain the previous day.
Yesterday, foreign funds biggest net sell… Tenaga 87m, MBB 63m, PBB 45m, IHH 37m, YTL 26m, YTLPower 18m
Local institutions bought YTLPower 17m, while Local retail bought YTL 21m.
Looks like Foreign funds are still taking profit.
Local retail big buyer. Maybe some businessman involved in PMX trip to China knows something big happening, that’s my guess.
08/11/2024 10:00 AM
This represent another opportunity for Mabel to collect YTL at a lower price yesterday after releasing YTLP earlier
YTL owns a 55% significant stake in YTL Power International Berhad. With this moves, Mabel now has a diversified portfolio, including utilities (electricity, water and data centres), cement manufacturing, construction contracting, property development, and hotels.
So Nice...Meow
4 days ago | Report Abuse
Why not?
Honda of Japan just buy back 70 million shares this week in the open market
4 days ago | Report Abuse
Singapore Airlines reports a net profit of S$290 million for FY2024/25 Q2
• Increased capacity and stronger competition in key markets led to yield moderation, resulting in lower operating profit
• Operational efficiency initiatives helped to keep non-fuel costs in line with the Group’s capacity growth, despite general price inflation
• Group continues to strengthen its foundations with strategic initiatives including the Air India-Vistara merger and S$1.1 billion A350-900 retrofit programme
• Interim dividend of 10 cents per share to be paid on 11 December 2024
5 days ago | Report Abuse
Indeed shawn...the FPCO has already breached RM 5000. With RM depreciating against USD, looks like the weather is on our side. The FCPO swung past the MYR5,000 level for the first time in 2024, extending its bullish momentum from the Sep 2024 low.
Meow Meow Meow
5 days ago | Report Abuse
On surface Trump and Xi Jinping may looks arm-length. However they are good friends on personal level. Unlike KLSE which is still having period, China Big 3, take it positively. Surprisingly, Nikkei is Red is today. Trump victory is definitely a win for Japan equities. So they will join Mulan’s celebration with China upcoming stimulus in the pipeline. If they both can tango and reach an agreement, it could have significant implications for global politics and economics.
Honda of Japan has already start taking action by buying back 70 million shares in the open market..
5 days ago | Report Abuse
darrenliew https://www.aljazeera.com/economy/2024/11/6/trumps-likely-re-election-...
PRES. TRUMP TARIFF WEAPON CAN DERAIL WORLD ECONOMY N STOCK MARKETS IF HE CARRY OUT HIS ELECTION PLEDGES
07/11/2024 3:55 PM
Really?
Trump’s presidency is often associated with trade war and tariffs, while huge stock returns are totally overlooked. We should remember the first Trump presidency did see the Chinese equity market outperform.
The MSCI China Index, which tracks 700-odd Chinese stocks traded at home and abroad, returned 98.4 per cent in US dollar terms during his first presidency (January 2017-2021), while the Hang Seng Index jumped 31 per cent and the CSI 300 gauge of onshore stocks advanced 73.6 per cent.
5 days ago | Report Abuse
AirAsia has received prestigious recognition at the Asia Pacific Aviation 100 Awards, clinching titles for Asia-Pacific Overall Deal of the Year and Asia-Pacific CFO/Treasurer of the Year. These awards celebrate AirAsia’s effective financial management strategies that have significantly reinforced its fiscal stability and facilitated its progressive recovery.
https://www.travelandtourworld.com/news/article/airasia-wins-big-in-asia-pacific-aviation-awards-for-financial-excellence/
6 days ago | Report Abuse
Still waiting at RM 4.88
Yum Yum Yum
6 days ago | Report Abuse
Mabel also decided to add YTL Corporation Berhad as YTL owns a significant stake in YTL Power International Berhad. As of the latest information, YTL Corporation holds approximately 55% of YTL Power.
YTL Corporation Berhad
Diversified Business: YTL Corporation has a diversified portfolio, including utilities, cement manufacturing, construction contracting, property development, and hotels.
Financial Performance: For the financial year ended June 30, 2024, YTL Corporation reported a net profit of RM 2.14 billion, up from RM 1.10 billion in the previous year. Revenue increased to RM 30.53 billion.
YTL Power International Berhad
Focus on Utilities: YTL Power is primarily focused on utilities, including power generation, water and sewerage services, and telecommunications.
Financial Performance: YTL Power reported revenues of RM 22 billion for the latest financial year, with statutory earnings per share (EPS) of RM 0.42. YTL Power has a strong presence in the utilities sector, which can provide stable and predictable cash flows.
Both companies have shown strong financial performance, but YTL Corporation's broader business scope might provide more growth potential.
Plan to lock profit for YTL Power when the time cums and maintain YTL Corporation since Mabel will still benefits from YTL Power ventures since it own 55% of the company. Plan to add more YTL when it touches 20 Moving Average…
https://www.thestar.com.my/business/business-news/2024/08/22/strong-set-of-results-for-ytl-corp
To Our Success !
Meow Meow Meow
6 days ago | Report Abuse
#dragon328 US dollars immediately strengthen to RM4.40, which will be good for YTL Power as it repatriates overseas earnings back to ringgit.
PowerSeraya business operations continue showing strength in the month of October after a strong quarter of July-Sept 2024. Wessex Waters and Yes 5G will continue to report decent profits after turning around in Q4 FY2024. All things point to a strong Q1 & Q2 FY2025 coming.
06/11/2024 4:35 PM
Meow dragon, I hear you...
Mabel is back in YTL Power. Some nice uncles and aunties match Mabel's queue at RM 3.35
Yesterday Mabel unload PCHEM. Year-to date, the stock, which has been sliding since mid-May, has fallen 29.7%. Just like what happen to Sapnrg recently, anticipation is rising that PetChem might be issuing a negative profit guidance prior to the release of its results later this month. This comes amid expected foreign exchange losses and a step up in depreciation charges at PetChem’s Pengerang facilities. Time to switch back to Utilities, Water with Data Centres mushrooming across South East Asia and YTL Power has all the 3 these incredients.
With US dollars immediately strengthen to RM4.40, which will be good for YTL Power as it repatriates overseas earnings back to ringgit. Temasek’s PowerSeraya business operations continue showing strength in the month of October after a strong quarter of July-Sept 2024. Wessex Waters and Yes 5G will continue to report decent profits after turning around in Q4 FY2024. All things point to a strong Q1 & Q2 FY2025 coming.
Hence, MACC better focus investigate FashionValet 44 million investment losses instead of wasting time on YTL ibestarinet , 44 million loss is never a kacang putih
Khazanah and PNB were never a VCs. They're not funded by private individuals or entities. It's Rakyat’s tax monies.
RM300 mil valuation? - I am keen to know who did the valuation and its assumptions and who OK'ed the investment. PNB and KN say the platform was severely hit during covid – Hello e-commerce was having a boomtime during covid as everyone decide to do their shopping through Shoppie and Lazada…
To Our Success !
Meow Meow Meow
6 days ago | Report Abuse
Most KLCI components is RED, having period except for Plantation as the FCPO has rebounded, but this bullish outlook will need to be validated by another green candle. For now, any pullback is expected to hold above the 23.6% Fibonacci Retracement level. The tussle between the bulls and the bears will intensify until a clearer direction is formed.
In essence, the market is currently in a positive trend, but this needs further confirmation. The 23.6% Fibonacci level is a critical point to watch, and the ongoing struggle between buyers and sellers will determine the market's future direction
The 23.6% Fibonacci level is a key retracement level used in technical analysis to identify potential support and resistance levels in a market trend. It is derived from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones. The 23.6% level is calculated by taking 23.6% of the distance between a significant high and low point in a price movement.
For example, if the price of an asset rises from RM 3745 to RM 4992, the 23.6% retracement level would be calculated as follows:
Calculate the Difference: RM 4992 - RM 3745 = RM 1247.
Apply the 23.6% Retracement: RM 1247 * 0.236 = RM 294.29.
Determine the Retracement Level: RM 4992 - RM 294.29 = RM 4697.71.
So, the 23.6% Fibonacci retracement level for FCPO with a high of RM 4992 and a low of RM 3745 is approximately RM 4697.71. This level is used by traders to identify potential areas where the price might find support during a pullback in an uptrend or resistance during a bounce in a downtrend.
Only RM 8 to breach RM 5000. With RM depreciating against USD, looks like the weather is on our side….
Meow Meow Meow
1 week ago | Report Abuse
Haha Mabel waiting at RM 4.88
Meow Meow Meow
1 week ago | Report Abuse
#Johnchew5 Maybank IB : Sell TP 4.18
HLIB : Sell TP 4.70
Morgan Stanley : Sell TP 4.95
XinXin Chan
TA Securities Holdings: TP 6.93
Nomura: TP 6.60
Citi: TP 6.20
CIMB Securities: TP 6.04
BIMB Securities: TP 6.00
and so on....
05/11/2024 11:36 PM
Yum Yum
1 week ago | Report Abuse
The FCPO has now breached previous resistance at MYR4,900, suggesting a potential continuation of its bullish trend. It has also breaches the Plantation Resistance at 7566, trading at 7600 points. However, with the RSI exceeding 80 for the first time this year, we anticipate a period of profit-taking ahead. This pullback may find support around the 38.2% Fibonacci Retracement level, near MYR4,525, before resuming an upward trajectory to break RM 5,000 level.
Yum Yum Yum
1 week ago | Report Abuse
Yesterday Mabel sapu more at 26 and 26.5 sen...
This year Mabel has invested in 11 sectors involving 13 Princes (YTL Power was relieved from duty when MACC started courting them due to past Bestari Project). From the 11 sector, Construction, Property and Financial Services are sitting on the Podium with Foreign Fund exiting our market. The real dark horse will be plantation. Once it break the Plantation Resistance at 7566, it will be a Bull Run like what happen in 2021, Crude Palm Oil (CPO) prices in Malaysia hit above RM 5,000 per metric tonne.
There is still a hidden treasure in small cap which lagging the large Cap in KLCI. YTD is only up by 4.2% compare to KLCI Large Cap of 10.7%.
Based on this analysis, Mabel will expand her plantation to include small cap plantation, Rimbunan Sawit Berhad (RSAWIT). Rimbunan Sawit Berhad (RSAWIT) owns approximately 69,909 hectares of plantation land in Miri, Kuching, and Sibu, Sarawak. She will join the Big Cap sisters Simone, Klara, Iona and Una.
If Simone, Klara, Iona and Una is for Sime Darby Plantation, KLK Plantation, IOI Plantation and United Plantation, Raya will be purrfect name for Rsawit as it has a nice ring to it and reflects the Malaysian heritage. Plus, it symbolizes celebration and prosperity, which aligns well with the goals of a plantation company.
To Our Success !
Meow Meow Meow
1 week ago | Report Abuse
To say next week is pivotal is probably understating it.
Wall Street awaits with bated breath the outcome of the U.S. presidential election on Tuesday, in a season that has seen plenty of twists and turns. Various polls have placed U.S. Vice President Kamala Harris and Republican opponent Former President Donald Trump neck-and-neck for the White House, while prediction platforms have swung between the two candidates.
The election will be followed by the penultimate Federal Reserve monetary policy committee meeting of the year, commencing on Wednesday. On Thursday, policymakers will announce their decision.
Since the central bank's bumper half-point rate cut in September, incoming data has suggested a continued deterioration in the labor market, an economy that was still chugging along, and an inflation situation that may not be completely out of the woods yet. It keeps the Fed on track to deliver another interest rate cut next week, and markets expect it to be a 25 basis point decrease.
1 week ago | Report Abuse
To say next week is pivotal is probably understating it.
Wall Street awaits with bated breath the outcome of the U.S. presidential election on Tuesday, in a season that has seen plenty of twists and turns. Various polls have placed U.S. Vice President Kamala Harris and Republican opponent Former President Donald Trump neck-and-neck for the White House, while prediction platforms have swung between the two candidates.
The election will be followed by the penultimate Federal Reserve monetary policy committee meeting of the year, commencing on Wednesday. On Thursday, policymakers will announce their decision.
Since the central bank's bumper half-point rate cut in September, incoming data has suggested a continued deterioration in the labor market, an economy that was still chugging along, and an inflation situation that may not be completely out of the woods yet. It keeps the Fed on track to deliver another interest rate cut next week, and markets expect it to be a 25 basis point decrease.
1 week ago | Report Abuse
While PN 17 Capital A is cruising across the skies, PN 17 Sapura Energy Bhd says it has been “advancing its plan” to regularize its financial position since being classified as a Practice Note 17 company and given time extension to come up with the plan.
The financially troubled company has been given a six-month extension, up to Nov 30, 2024, from Bursa Malaysia to submit its regularisation plan. It said its status update is part of the listing requirements of the Main Market of Bursa Malaysia.
For its first quarter ended April 30, 2024, Sapura Energy’s net profit dropped to RM82.13mil from RM146.09mil in the previous corresponding period, while revenue rose to RM1.18bil from RM951.73mil a year earlier
So, Sapura Energy Berhad (SAPNRG) is holding an Extraordinary General Meeting (EGM) on November 14, 2024. The main agenda is to consider and approve the proposed disposal by Sapura Upstream Assets Sdn Bhd (SUA), a wholly-owned subsidiary of SEB, of its entire 50% equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS. The total disposal consideration is USD 705.3 million (approximately RM 3,022.3 million), which includes a cash consideration of USD 530.3 million and the release of ordinary shares in SapuraOMV pledged by SUA to OMV Exploration & Production GmbH.
The proposed sale of SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS is a significant step in Sapura Energy Berhad's (SAPNRG) financial regularisation plan. This sale, valued at approximately RM 3,022.3 million, will provide much-needed liquidity to the company, helping it address its financial challenges and improve its balance sheet.
By securing this substantial cash inflow, SAPNRG can better position itself to meet its financial obligations and continue its operations more sustainably. This move is crucial for the company's efforts to regularize its financial position and comply with Bursa Malaysia's requirements for Practice Note 17 (PN17) companies.
To Our Success!
Meow
1 week ago | Report Abuse
Value Proposition
Asia’s leading low cost carrier with highest market share, largest fleet size and most extensive route network.
Operates in 5 countries after exiting Japan and India, which provides unrivalled route network reach.
Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.
Growing middle class in Asia fueling growth in demand for air travel.
Won the coveted ‘World’s Best LCC’ award for a record 15 times in a row by Skytrax.
Financial Metrics
Best financial indicator is core net profit ex-disposal gains, forex and fair value changes, and deferred taxation.
Forecast FY24E to return to core net profit on more passengers and higher fares.
Forecast FY25E core net profit to grow further on more passengers as all aircraft would have returned to service.
Sensitive to fuel price movement, a USD1 per barrel change in fuel price will move earnings by MYR40m-MYR50m.
Balance sheet as at end-2Q24 in a net debt position of MYR4.38b if ex-finance lease liabilities.
2 weeks ago | Report Abuse
Wah so nice..
Some nice uncles and aunties match Mabel price at 97 sen
Thank you so much.
Meow Meow Meow
2 weeks ago | Report Abuse
crude oil prices are expected to rise again after recent weakness, increasing the investor appetite for undervalued oil and gas (COASTAL, TP:RM1.89), (MHB, TP:RM0.61), (PANTECH, TP:RM1.17), (PCHEM, TP:RM6.93) and (VELESTO, TP:RM0.30) related stocks.
2 weeks ago | Report Abuse
Risk Analysis
Debt is not well covered by operating cash flow
Unstable dividend track record
Volatile share price over the past 3 months compared to the MY market
2 weeks ago | Report Abuse
Rewards
Price-To-Earnings ratio (7.3x) is below the MY market (15.5x)
Earnings are forecast to grow 3.8% per year
Earnings grew by 70.8% over the past year
Trading at good value compared to peers and industry
2 weeks ago | Report Abuse
YTLPOWER has broken RM3.26 Resistance and its next support will be RM2.49.
Will consider to re-enter YTL Power when it breaches the 2nd Supports Level.
To Our Success !
Meow
2 weeks ago | Report Abuse
#robrob121212 you mean RM2.50 ??
28/10/2024 3:09 PM
YTLP is a good stock for trading. It has given countless orgasm in the past. Mabel sold at RM 3.71 all thanks to MACC.
To Our Success !
Meow
2 weeks ago | Report Abuse
https://www.thestar.com.my/business/business-news/2024/10/25/gamuda-wins-rm3048bil-contract-for-ulu-padas-hydroelectric-project-in-sabah?_sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFBBHQ&stm_medium=email&_stm_source=smartech
Scaling up for 2025…It was a wise decision to collect Gamuda yesterday
Gamuda Bhd has accepted a letter of award from Upper Padas Power Sdn Bhd (UPPSB) to serve as the total development contractor (TDC) for the 187.5MW Ulu Padas Hydroelectric Project in Tenom and Sipitang Sabah, in partnership with Conlay Construction Sdn Bhd (Conlay).
The scope of work includes the design, construction, testing and commissioning of a 187.5MW hydroelectric plant involving a roller-compacted concrete dam, a main and secondary powerhouse, water conveyance system, project access, and other permanent facilities which include a 275kV switchyard, 33kV sub-transmission line, workshop, stores and operation facilities, and a residential village.
2 weeks ago | Report Abuse
Current price looks delicious..
Will revisit YTL Power when it breaches RM 3..
All the Best Guys!
Meow
Stock: [YTLPOWR]: YTL POWER INTERNATIONAL BHD
1 month ago | Report Abuse
#twobits Meow meow,
Load up any ytlp today?
09/09/2024 6:39 PM
No twobits. As Mabel’s Sifu always said “Be fearful when others are greedy” as Mabel see many Uncles and Aunties are so greedy today. Beside YTLPOWER journey with MACC has just begun and Technical Chart is still not looking great for any re-entry.
In the often-bearish month of September, Mabel strategic move paid off handsomely. Last week, Mabel locked in her profits from YTLPOWER, selling at RM 3.71 per share when the MACC News Exploded, a smart decision given her cost base of RM 3.675. This manoeuvre netted her a tidy profit of RM 0.035 per share.
With her newfound gains, today Mabel turned her attention to CIMB, capitalizing on their September promotion. She bought shares at RM 8.13 and RM 8.12, averaging out to RM 8.125 per share. As the market closed today, CIMB’s shares stood at RM 8.49, giving Mabel a solid profit of RM 0.365 per share with 0.27 sen Cash Back Coupon cuming on 27th September.
Had she held onto YTLPOWER, she would have faced a loss of RM 0.295 per share, as the stock closed at RM 3.38 today. Instead, Mabel’s astute decision-making not only shielded her from potential losses but also allowed her to capitalize on CIMB’s promotion, setting her up for a rewarding September.
CIMB September Promotion to buy before 13th September for 27 sen Cash Back Coupon (Dividend). Coupon redeemable on 27th September.
Let’s break down Mabel’s transactions and calculate the profits:
1. YTLPOWER Transaction:
Selling Price: RM 3.71
Cost Price: RM 3.675
Profit per Share: RM 3.71 - RM 3.675 = RM 0.035
2. CIMB Transactions:
Buying Prices: RM 8.13 and RM 8.12
Average Buying Price: (RM 8.13 + RM 8.12) / 2 = RM 8.125
Closing Price: RM 8.49
Profit per Share: RM 8.49 - RM 8.125 = RM 0.365
3. YTLPOWER Potential Loss:
Current Price: RM 3.38
Cost Price: RM 3.675
Loss per Share: RM 3.675 - RM 3.38 = RM 0.295
To Our Success !
Meow Meow Meow
2 weeks ago | Report Abuse
Wow what happen to Gamuda today?
Luckily yesterday sold 50 %....
Time to collect back soon...
2 weeks ago | Report Abuse
https://www.thestar.com.my/business/business-news/2024/10/23/capital-a-announces-capital-reduction-of-up-to-rm6bil-scraps-unit039s-spac-listing-on-nasdaq
KUALA LUMPUR: Capital A Bhd has announced its proposed regularisation plan includes a capital reduction of up to RM6bil to set-off the accumulated losses of the group.
Capital A CEO Tan Sri Tony Fernandes said the group can now focus on growing its four strong companies within Capital A comprising CAPAS (aviation services), Teleport, MOVE digital and branding company.
"These companies will not only support AirAsia but also help shape the future of the Asian aviation and travel industry," he added.
Meanwhile, Fernandes said the group has decided to scrap the US$1.15bil special purpose acquisition company (SPAC) deal to list AirAsia's aviation brand manager on the Nasdaq.
"Nevertheless, once the regularisation plan is completely executed, Capital A will revisit the idea of listing its four core businesses, starting with the branding company in the US stock market," he added.
Stock: [PCHEM]: PETRONAS CHEMICALS GROUP BHD
5 hours ago | Report Abuse
Support: 4.52/4.41 |