https://www.freemalaysiatoday.com/category/business/2024/06/27/sapura-energys-q1-net-profit-drops-44-to-rm82mil/

It was a good decision that Mabel accumulated more Sapnrg at 3.5 sen this week..

Sapura Energy Bhd’s net profit for the first quarter ended April 30, 2024 (Q1 FY2025) fell 43.8% to RM82.13 million from RM146.09 million in the same period a year ago.

Revenue increased 23.9% to RM1.18 billion from RM951.73 million previously.

In a filing with Bursa Malaysia today, the integrated oil and gas services company said the lower profit registered for the quarter under review was mainly due to higher operating expenses and finance costs.

The company said it is also on track with the implementation of its reset plan, which includes efforts to address its unsustainable debt and dues owed to trade creditors.
“We remain committed to regularising our financial position, with the ultimate goal of declassifying as a Practice Note 17 (PN17) company,” it added.

To Our Success

Captain Mabel Meow

Good entry Pang...

Yes kong73!

Looking back at the first half of 2024, bank stocks dominated the majority of the top 10 high-yield dividend stocks list.

Among companies with a market capitalization exceeding RM5 billion, $BIMB(5258.MY)$ was the best-performing stock, with a dividend yield of over 8% and a year-to-date increase of over 14%. The three local banking giants, $RHBBANK(1066.MY)$, $MAYBANK(1155.MY)$, and $PBBANK(1295.MY)$, were also among the top performers, with dividend yields of 7.26%, 6.06%, and 4.73%, respectively.

To Our Success !

Meow

Agree with raymondroy..

Rome was not build within a day..

But Tony gives us hope to fly to New York just like a true Magician..

Meow

Qatar leverage on their National Treasure award-winning Hamad International Airport establish itself as a global aviation hub to challenge regional rivals Dubai and Singapore.

In this very close run contest, UK-based Skytrax said the votes, gathered from surveys of more than 21 million customers from 100 countries about 350 airlines, were the closest run since the awards began in 1999, requiring a recount. Qatar’s marginal victory meant second place for last year’s winner, Mabel’s Singapore Airlines (5X), but only just a fraction of a points. The Five-time winner Singapore picked up the prize for World’s Best Cabin Staff. Singapore Airlines also won for Best First Class service and Best Airline in Asia.

At the budget end of flying, AirAsia was once again crowned the World’s Best Low-Cost Airline – repeating an achievement (15X) it has made every year since 2010 while Singapore Airlines’s Scoot was named the World’s Best Long Haul-Low Cost Airline.

We congratulate Qatar Airways, Mabel Singapore Airlines and AirAsia on this success which should be a source of great pride and satisfaction for the airline management and staff.

https://edition.cnn.com/2024/06/24/travel/worlds-best-airline-2024-skytrax/index.html

KUALA LUMPUR: AirAsia has once again been named the world's best low-cost airline at the Skytrax World Airline Awards 2024, often called the Oscars of the aviation industry, marking its 15th consecutive win.

This achievement highlights AirAsia's ongoing commitment to innovation and value in the low-cost carrier market.

https://www.nst.com.my/business/corporate/2024/06/1068067/airasia-worlds-best-low-cost-airline-again

PCHEM is listed in Bursa Hall of Fames...

Those with * are the counters Mabel is holding...

Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62

To Our Success!

Meow

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised..

Here we have an honest index company..

kong73 is spot on..

PCHEM is a strong company..

Want to play safe wait until it touches RM 6.3..

Now PCHEM climb up oledi..

Loves this counter..

Trade at your own risk Ya..

Your money your call..

Meow

A three-day visit to Malaysia by Chinas Premier Li Qiang last week to commemorate the 50th anniversary of the establishment of China-Malaysia diplomatic relations underscores a warm bilateral relationship underpinned by deep-rooted trade, investment and tourism ties. We view sectors like Aviation (top picks: AAX, CAPITALA) and Gaming/Leisure (Genting) as boasting well-established China-centric growth drivers, whilst noting a new wave of emerging beneficiaries such as MyEG, EPMB (NR) and Dialog.

Source: Maybank

Mabel reenter today at RM 6.41..

Now waiting at RM 6.40..

Meow

2024 will be a great year for Capital A. Despite CapitalA current shortcoming which is work in progress, Mabel still thinks Tony is a real Magician beside visionary and a turnaround expert, who transformed a failing airline into a successful and profitable business.

Thank God Mabel put one of her bets on Tony Fernandez. Here’s why Mabel thinks he is Magician..

He bought AirAsia from a Malaysian government-owned company for a token sum of RM 1 in 2001 and inherited a debt of RM 40 million.

He introduced a “EVERY WANG CAN FLY” no-frills, low-fare business model that appealed to the mass market and stimulated demand for air travel in the region.

He expanded AirAsia’s network to cover more than 150 destinations across 25 countries and established joint ventures and partnerships with other airlines and governments.

He diversified AirAsia’s revenue streams by launching digital businesses such as food and parcel delivery, ride-hailing, e-commerce, and fintech.

He led AirAsia’s recovery and transformation amid the Covid-19 pandemic, by reducing costs, securing funding, and rebranding the group as Capital A.

Before the Pandemic, all shareholders were celebrating as shareholders of AirAsia have been showered with 90 sen per share special dividend, which is worth more than RM3bil in total payout. The dividend is equivalent to 34% of dividend yield from the last traded price of AirAsia's shares at RM 2 The year before he showered us with 64 sen Dividends and 12 sens even before that. Mabel recall EVERY WANG here were FLYING that time..

Just like SIA, CapitalA AirAsia was also paralysed by the pandemic without any revenue. However, unlike SIA with Big Brother Temasek cumming to the rescue, CapitalA took many initiatives to revive and stay afloat without any help from the Malaysian Government. Now you know why Mabel salute Air Asia.

Lastly, Mabel’s AirAsia enjoys continued success being named the World's Best Low-Cost Airline in 2023 for 14X, with Mabel’s Singapore's Scoot taking the top title as the World’s Best Long Haul Low-Cost Airline.

Stock: [CAPITALA]: CAPITAL A BERHAD

1 week ago | Report Abuse

Even more exciting days cuming ahead with Magician Airlines

The news about Singapore Airlines' record profit reflects a positive trend for the aviation industry. By reporting a profit of S$2.67 billion for 2023-2024, SIA demonstrates that travel demand has rebounded significantly. In fact, this level of profitability suggests that travel has not only returned to pre-COVID levels but has likely exceeded them.

If you are the shareholders of Capital A, you will soon have 5 listed companies build into three segments worth RM 2.90:
• Airlines business worth RM 0.95
• Digital business worth RM 0.94
• Brand AA listed US worth RM 1.01

This is inline with Singapore Airlines

• SIA at SGD 6.75
• SATS at SGD 2.64
• SIA Engineering at SGD 2.31.

Both SATS (Singapore Airport Terminal Services) and SIA Engineering Company are wholly owned subsidiary of the Singapore Airlines Group.
25/06/2024 9:55 AM

bullrun168 Walaoeh, oil price spike up like mad !
Brent closed at=> $86.01 +0.77 +0.90 %
Heng ah, Ong ah, Huat ah !
25/06/2024 8:37 AM

Meow Meow Meow

....at 3.5 sen...

newbie2018 6.00 am(everyday) already in queue.

Posted by Mabel > 54 minutes ago | Report Abuse

When did put your queue?

First cum first serve..
24/06/2024 10:08 PM

This is not the right way. YOU should queue with Limit and Good Until...not per Day...

This way your queue will be automatically updated by the system and you will not loose your queue ...

Call up your Remiser. They should be able to guide you how to do it..

All the best...

Meow

Today Mabel put another queue with Good until ....

When did put your queue?

First cum first serve..

Mabel used Maybank..

Mabel queue long time oledi until Mabel's Blonde Hair turn white...

Today some nice Uncle and Aunties decided to sell.

Just put your queue when your time cum you will get your order..

Meow

Nice...Today Managed to collect more at 3.5 sen...

Meow

Thanks Sslee..

My info was based on this recent AGM Presentation

https://www.capitala.com/misc/AGM_Presentation_2024.pdf

Today Capital A submit Final Exit PN17 Plan to the Regulator
Approval from Bursa & SC and EGM in August. High court approval in Sep.
Formal corporate exercise in 4Q2024.
Complete all exercises in 1Q2025 and move on.
No Need REDROCK OR BLACKROCK
Syabas Tony and Magician Team
YOU ROCK!!!

Haha so nice...86.5 sen oledi....hihihi..

Meow Meow Meow

Nice to see Capital A is on the Top 500 South East Asia Companies

Meow Meow Meow

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised..

Here we have an honest magician..

Yesterday Sapu at 83 sen today climb up to 85.5 oledi..

Loves these honest magician..

Meow Meow Meow

Great!

Yesterday collect more after locking some profits

Today it continues to fly..

Really loves Capital A and the market makers..

They are truly Magician..

Malaysia truly Asia...

Meow Meow Meow

Profit Taking Continues

The FBM KLCI fell for an 8th straight day as profit taking activities continue. Selling continued in the broad market as well, however heavy hitters within the healthcare and transportation & logistics space kept their respective indices from falling into the red.

Meow

Waiting to accumulate more at EMA 30...

Meow

Waiting to accumulate at EMA 50...

Meow

Group Financial Highlights

Delivered RM14.7 bil, 128% YoY growth. FY23 revenue surpassed FY19 revenue by 24%, despite operating at only 80% of FY19 aircraft. Capital A Companies contributed over RM2.4 bil in revenue while aviation revenue contribution reached RM13.6 bil1

All segment saw significant YoY increase, indicating strong recovery and growth momentum. Generated RM 1.4 billion in cash from operating activities, marking a significant recovery from negative cash flows in previous years

We are ramping up domestic capacity, adjusting China’s capacity growth and Expedite growth in India market.

To New York with Loves...

Meow Meow Meow

Still holding both Warrant and Mother share..

Haha despite Bursa down by 4% today, happy to see another PN17 Capital A is making big progress. Capital A today climbs 2.34% today beating is brother AAX (1.33%) and Sister Singapore Airlines (0.44%). Nice to see Capital A made it on the Top 500 South East Asia Companies joining his sister Singapore Airlines down under…

Still crying..sob..sob...so apy..

87.5 sen oledi...so apy...

Warren Buffett Increases Occidental Stake to Nearly 29% with Nine Consecutive Days of Purchases..

Now Mabel waiting to collect more at 3.5 sen...

Meow

Well Tony and Capital A Supporter...

Meow

https://ceomorningbrief.theedgemalaysia.com/2024/0781/

Now Mabel crying oledi...so apy...

Meow

Nice to see Capital A is on the Top 500 South East Asia Companies

Meow Meow Meow

Nice to see YTL/YTLP is on the Top 500 South East Asia Companies

Meow Meow Meow

This morning while Bursa is down Capital A rise in tandem with Singapore Airlines.

When AirAsia was founded in 2001, our vision was clear: to establish a low-cost airline model focused on simplicity and cost-efficiency, primarily operating single-type narrowbody aircraft optimised for short-haul flights. To capture the medium-haul market, AAX was created in 2007 adhering to the same principles of low-cost, and efficient operations. The emergence of Airbus’ A321LR and A321XLR, is an unprecedented, game-changing opportunity.

Capital A’s shareholders’ equity to turn positive for the first time in 14 quarters following the divestment, while AirAsia X's shareholders’ equity to also strengthen post-transaction

AirAsia Group to fortify its position as the largest low cost carrier in Asia, with a win-win “One Airline” strategy set to transform the face of global low cost travel

Capital A is undergoing significant restructuring. After issuing warrants and placement, AAG (the company) aims to reduce its share capital from RM4.05 billion to RM100 million.

This reduction will eliminate accumulated losses totaling RM3.27 billion. Meanwhile, Capital A’s share capital is projected to decrease by RM2.2 billion to RM6.46 billion, resulting in positive shareholders’ equity at RM492.8 million. If all outstanding RCUIDS and warrants are exercised, the projected shareholders’ equity would be RM1.67 billion following the proposed distribution and disposal of AAB.

Kenanga Investment Bank Bhd highlights anticipated gains from divestment, totaling RM10.8 billion, which is expected to offset the negative shareholder equity and help the company exit the PN17 status.

https://newsroom.airasia.com/news/the-beginning-of-a-new-era-capital-a-and-airasia-group-sign-a-conditional-sale-and-purchase-agreement-on-the-divestment-of-capital-as-airline-business#gsc.tab=0

Thanks for sharing...

Meow

Yup...

Grrrr....

Valuation
Rolling valuations forward to FY25, we raised CIMB’s TP to RM7.90 from RM7.50. Our valuation is based on an implied PBV of c. 1.14x based on the Gordon Growth Model. Buy reiterated on CIMB.
Source: TA Research - 4 Jun 2024

Happy Fathers day Tony...

Capital A Daddies are so Cool..

Meow Meow Meow

As long as PNB still there and our cost is below them we can continue goyang kaki..

Aim for Capital appreciation next year..

Waiting to collect more below 4 sen.. Not easy though..

Compare to YTLPOWER, Yinson is like a turtle..

YTLPOWER so power..

According to the above Nikkei news, Fernandes owns only 0.04% of Capital A shares himself but indirectly controls 24.10%.

Meow

Thanks for sharing Gold Cat!

https://asia.nikkei.com/Business/Transportation/Malaysia-s-AirAsia-eyes-next-level-of-growth-in-major-restructuring

Meow

85.5 sen now ...hihihi

Any surprises?

AirAsia Indonesia Posts 27% Revenue Hike to Rp1.74tn in Q1/2024....

https://en.tempo.co/read/1879354/airasia-indonesia-posts-27-revenue-hike-to-rp1-74tn-in-q12024

Paul can you share about Tony 400K...

That's show confidence by our Magician...

Meow

Even more exciting days cuming ahead with Magician Airlines

The news about Singapore Airlines' record profit reflects a positive trend for the aviation industry. By reporting a profit of S$2.67 billion for 2023-2024, SIA demonstrates that travel demand has rebounded significantly. In fact, this level of profitability suggests that travel has not only returned to pre-COVID levels but has likely exceeded them.

If you are the shareholders of Capital A, you will soon have 5 listed companies build into three segments worth RM 2.90:
• Airlines business worth RM 0.95
• Digital business worth RM 0.94
• Brand AA listed US worth RM 1.01

This is inline with Singapore Airlines

• SIA at SGD 6.75
• SATS at SGD 2.64
• SIA Engineering at SGD 2.31.

Both SATS (Singapore Airport Terminal Services) and SIA Engineering Company are wholly owned subsidiary of the Singapore Airlines Group.

..back to 83.5 so nice...

Meow

This 56% increase in diesel prices in Malaysia, resulting from the government’s revamp of fuel subsidies, has implications for various sectors, including companies like Petrochemical Corporation of Malaysia (PCHEM). Here are some key points:

Costs and Margins: PCHEM, being a major player in the petrochemical industry, relies on diesel for transportation, logistics, and energy generation. The price hike may lead to increased operating costs for PCHEM, affecting profit margins.

Revenue Impact: If PCHEM sells products domestically, higher diesel costs could impact its customers’ purchasing power, potentially affecting demand. However, if PCHEM exports products, the impact may be less direct, as international markets have varying diesel prices.

Meow

Better to move on...

SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.

It's better to move on. Right now, beside good companies Mabel is also looking at Capital A and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE..

There are two ways to make money...

Dividend Play
Capital Appreciation.

To Our Success

Meow