I am just trying to prevent Stony from doing something silly and illegal that will lead him to jail.

He will thank mw year later

Dumbass go and read M&A quarterly result and then come back to tell me how M&A report their Remisier commission.

Investment in Joint Ventures (“JV”) (Cont’d)
(b) Summarised adjusted statements of profit or loss and other comprehensive income
2023: 2022
RM: RM
Adjusted profit for the financial year,representing total comprehensive
income for the financial year 436,865,607: 520,633,162
Included in total comprehensive income are:
Revenue 2,615,472,587: 2,553,073,558
Amortisation/Depreciation (327,852,531): (317,750,163)
Interest income 3,176,777: 3,493,288
Interest expense (469,976,824): (265,209,747)
Taxation (6,504) (17,199)

Is JHDP free cash flow enough to pay borrowing principal?
Note: interest payment is RM 469,976,824 and as 31/12/2023 current borrowing is RM 711,609,518 and non current borrowing RM 3,972,787,018

Can JHDP afford to pay dividend for year 2024?

Have a second look at jaks only after year 2030.

Jaks will be look like a fool if they spend more money or taking up more borrowing for new Project/MOU when they did not take up the addition 10% JHDP that gave Jaks so much share of profit.

Know why JHDP 25% equity 75% loan reported very good profit but can't pay good dividend.
Bankers play safe wants their money back with interest in 10 years and you can have your plant for 25 years.

Or maybe China Partner depressed Jaks of money to take up the addition 10% option.

2023:2022
RM: RM
Administrative expenses (100,334,580) (98,804,553)

Forget about jaks. Come back only in year 2030.

Know depreciation based on how many years and the term loan tenure?

Most likely after BOD answered all my AGM questions the deal between CapA and AAX will not go thro' and CapA back to square one.

LSS4 electricity rate is so low. Last 2 quarter LSS4 is still lose making. It mean after paying the loan interest the depreciation charge is not enough to pay the loan principal.

per the Announcement, the Group has earmarked up to RM33.00 million of the proceeds from the Proposed Private Placement for the partial
repayment of its existing facility, in the manner set out below:
Facility Bank Purpose of borrowing
Interest rate (% per annum)
Principal amount (RM’000)
Tenure
Total amount outstanding as at LPD (RM’000)
Proposed repayment(RM’000)

Term loan Great Eastern Term loan provided to part finance the development cost of a 4-storey shopping mall known as Evolve Concept Mall
6.0 250,000 10 years 211,418 13,000

Term loan Maybank Term loan provided to part finance the acquisition of a 4-storey commercial property known as Pacific Towers
7.4 100,000 10 years 73,635 10,000

Letter of credit / Trade financingAl-Rajhi Banking & Investment Corporate (Malaysia) Berhad. To facilitate and finance local purchase/ importation of raw materials/ trading goods relating to Company’s principal line of business
6.5 40,000 N/A 22,500 10,000

307,553 33,000

Know how much interest and pricipal repayment per year for above 3 loans alone?
Is the yearly dividend from JHDP able to cover yearly interest and principal repayment?

Many more years of negative cashflow and need more PP or RI to stay afloat.

THE LIST OF FTSE BURSA MALAYSIA KLCI INDEX CONSTITUENTS
NO. STOCK CODE CONSTITUENT NAME
1 1015 AMMB HOLDINGS BHD
2 6888 AXIATA GROUP BERHAD
3 6947 CELCOMDIGI BERHAD
4 1023 CIMB GROUP HOLDINGS BERHAD
5 3182 GENTING BHD
6 4715 GENTING MALAYSIA BERHAD
7 5819 HONG LEONG BANK BHD
8 1082 HONG LEONG FINANCIAL GROUP BHD
9 5225 IHH HEALTHCARE BERHAD
10 1961 IOI CORPORATION BHD
11 2445 KUALA LUMPUR KEPONG BHD
12 1155 MALAYAN BANKING BHD
13 6012 MAXIS BERHAD
14 3816 MISC BHD
15 5296 MR D.I.Y. GROUP (M) BERHAD
16 4707 NESTLE (M) BHD
17 5183 PETRONAS CHEMICALS GROUP BHD
18 5681 PETRONAS DAGANGAN BHD
19 6033 PETRONAS GAS BHD
20 4065 PPB GROUP BHD
21 8869 PRESS METAL ALUMINIUM HOLDINGS BERHAD
22 1295 PUBLIC BANK BHD
23 7084 QL RESOURCES BHD
24 1066 RHB BANK BERHAD
25 4197 SIME DARBY BHD
26 5285 SIME DARBY PLANTATION BERHAD
27 4863 TELEKOM MALAYSIA BHD
28 5347 TENAGA NASIONAL BHD
29 4677 YTL CORPORATION BHD
30 6742 YTL POWER INTERNATIONAL BHD
Note: The constituents list was last updated on 18 December 2023.

TTB can't do the math and thus do not know if index is at 2,500 to 3,000 how much the 30 component index companies need to grow their earning for their market cap to increase multifold.

TTB just trying to curry favor PMX . He is more a politician than a savy investor.

Warren Buffett is very bearish on the market.
Warren Buffett's $189 Billion War Chest Looks Bearish for StocksThe Berkshire Hathaway chief sits on a record cash pile and expects it to grow further.
BY PHIL ROSEN, CO-FOUNDER AND EDITOR, OPENING BELL DAILY @PHILROSENN
MAY 6, 2024

It is a funny world. When the one and only one real Warren Buffett is bearish the so many Warren Buffett wannables are extremely bullish.

I3 need more people like Alex™ to share his inv exp and lots to offer back to community.

Two things in life are certain, death and tax.

It is a funny world. When the one and only one real Warren Buffett is bearish the so many Warren Buffett wannables are extremely bullish.

Yes just transit only, final destination Holland.

FPSO Anna Nery achieved financial acceptance in May-23 and began generating lease income.
Currently, it still has 3 more FPSOs under construction.
FPSO Atlanta and FPSO Maria Quiteria will be delivered in year 2024 and FPSO Agogo will be delivered by Feb-26

Building a new FPSO costs approximately US$ 2.5 Bn to US$ 3 Bn. However, the cost of conversion of an oil tanker is approximately between US$ 1.5 Bn and US$ 2 Bn.

If you build 4 FPSO in a short period of 5 years what will be your cash outflow per year?
After your delivered all the 4 FPSO and generating lease rental incomes what will be the yearly cashflow?
Know how much borrowings in YTLpower book?

Warren Buffett is very bearish on the market.
Warren Buffett's $189 Billion War Chest Looks Bearish for StocksThe Berkshire Hathaway chief sits on a record cash pile and expects it to grow further.
BY PHIL ROSEN, CO-FOUNDER AND EDITOR, OPENING BELL DAILY @PHILROSENN
MAY 6, 2024

TTB of icap is very bullish on Malaysia and China market. Hope he is right

Tong theedgemalaysia sold down his holding in star media. Any chance he will buy more Insas?

Hello Alex™ already so long didn't drop in i3 to zay hello. Where have you been for the past 2 years?

31.12.2023: 31.12.2022: 1.1.2022
Net current liabilities (12,669,239): (8,509,066): (6,754,176)
Capital and reserves
Share capital: 8,711,742: 8,654,977: 8,457,172
Merger deficit: (5,507,594): (5,507,594): (5,507,594)
Foreign exchange reserve: 217,047: 1,178,273: 601,494
Accumulated losses: (12,321,978): (10,254,769): (7,094,693)
Reserves: 138,642: 204,020: 161,321
Total shareholders' deficit: (8,762,141): (5,725,093): (3,382,300)
Non-controlling interests: (1,862,596): (3,791,865): (3,040,603)
Total deficit: (10,624,737): (9,516,958): (6,422,903)

Question 4: Auditor based on above financial figures what is your opinion on the Group financial health from 1.1.2022 to 31.12.2022 to 31.12.2023 (improving and healthy or deteriorating into ICU level)?

No need to thank me so early. CapA is a PN17 company for a reason and Stony is neither a magician that can creat money out of thin air. CapA financial health is at ICU level.

Thank me only if you want after the AGM

Just a simple question:
Do you think an efficient and clean Singapore government will give a lucrative 21 years PPA to Ytlpower like Mahathir did?

For apple to apple comparision YTLpower Vs Yinson.
Both depend on high debts for growth.
Yinson 2026 earning will spike up and YTLpower earning still not very sure can sustain.

Indonesia already long ago did not subsidise diesel and petrol. Why is it so difficult for Malaysia to do so?

Example of my questions:
31. Leases
2023: 2022
RM'000: RM'000
Current: 5,438,692: 4,340,844
Non-current: 13,750,088: 10,717,036
Total: 19,188,780: 15,057,880

The following are the amounts recognised in profit or loss:
2023: 2022
RM'000: RM'000
Depreciation of right-of-use assets: 1,566,935: 1,309,533
Interest expense on lease liabilities: 852,954: 705,152
Expense relating to short-term leases: 25,549: 27,922
Reversal of impairment of right-of-use assets: - : (552,290)
Reversal of impairment of finance lease receivables: - : (98,923)
Total amount recognised in profit or loss: 2,445,438: 1,391,394

Cash flows from financing activities:
2023: 2022
RM'000: RM'000
Proceeds from borrowings: 1,273,030: 1,167,698
Repayment of borrowings: (396,936): (309,485)
Payment of lease liabilities: (2,045,816): (1,171,914)
Net cash used in financing activities: (1,169,722): (313,701)

The Group had total cash outflows for leases of RM 2,045 million in 2023 (2022: RM 1,200 Million). Included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million (2022: RM 2,282 million)

Question 5: Auditor please explain the different FYE 2022 current lease liabilities is RM 4,340,844,000 in FYE 2023 why total amount (lease) recognised in profit or loss: RM 2,445,438,000. Payment of lease liabilities in cash flow: RM (2,045,816,000)?

Question 6: Auditor what it means by Included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million?

Referring: under MFRS 16:
(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

Charlie Munger's Best Quote “I think that, every time you saw the word EBITDA, you should substitute the word "bulls**t" earnings.”

Question 7: Auditor, can you please explain what Charlie Munger is trying to say on EBITDA?

Question 8: BOD why every quarter presented the beautiful EBITDA figure without stating “under MFRS 16: On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset”

Page 12: External Auditor Going Concern Assessment:
Quote, “The Group reported a loss for the year of RM 96 million whilst the Company reported a loss for the year of RM 1,960 million, for the financial year ended 31 December 2023. The group and the Company reported net operating cash flow of RM 1,413 million and RM 72 million respectively. As at 31 December 2023, the group current liabilities exceed its current assets by RM 12,699 million. In addition, as at 31 December 2023, the Group reported a negative shareholders’ funds of RM 8,762 million.” unquote

Question 9: Auditor if total cash outflows for leases RM 2,045 million under financing activities is moved back to previously recorded within net cash flow from operating activities what will be FYE2023 net operating cash flow?

Question 10: Auditor
Sales in advance: RM 2,025,298,000
Proceeds from borrowings: RM 1,273,030,000
The Group only managed payment of lease liabilities: RM 2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM 4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?

“Going Concern Assessment” (Refer page 12-13).
Quote, “Management had prepared a cash flow forecast as part of the assessment on whether the Group and the company will be able to continue as a going concern.” Unquote

Question 11: Auditor looking back on FYE 2022 Management cash flow forecast on going concern is that cash flow forecast fulfilled as at FYE 2023 audited financial result?

Question 12: Auditors if FYE 2022 cash flow forecast is far off the mark as per actual achieved then as at 31 December 2023, the group current liabilities exceed its current assets by RM 12,699 million. Are Auditors satisfied with management's cash flow forecast for year 2024 that the group will not default on the net current liabilities of RM 12,699 million?

My questions will be more or less seeking answer from Auditor and BOD on the financial figures, what it mean and financial health of CapA.

Nothing personal and by the way who care when is Stony birthday?

How about those sold insas above RM 1.20?

Jtiasa already becoming a net cash company and I am looking forward to receive more dividend from Jtiasa.

JTIASA free cash flow for Q2 24 is 134.46 M MYR. For 2023, JTIASA free cash flow was 248.23 M MYR and operating cash flow was 297.19 M MYR.

Wednesday, 28 Feb 2024
PETALING JAYA: Malaysia is in a sweet spot to enter a prolonged bull market, says prominent fund manager Tan Teng Boo.

According to the founder and owner of icapital.biz Bhd, the benchmark FBM KLCI could potentially rise to 2,500 – 3,000 points in the next three to five years, citing it is a “realistic target”.

Why play momentum? Just sell everything your house, car, gold, etc and all in Bursa. Don't you believe the word of wisdom from our Malaysia Warren Buffett?

Most likely Stony will be crying looking at my send in advance AGM questions.

Majority 13,894 shareholders hold 1,001 to 10,000 insas shares.

ANALYSIS OF
SHAREHOLDINGS
as at 29 September 2023

ORDINARY SHARES
Number of shares issued : 663,020,762 (excluding 30,327,291 treasury shares)
Class of shares : Ordinary shares
Voting rights : One vote per ordinary share
ANALYSIS BY SIZE OF HOLDINGS
No. of No. of
Size of holdings shareholders % ordinary shares %
Less than 100 2,540 11.58 89,136 0.01
100 - 1,000 1,675 7.63 701,877 0.11
1,001 - 10,000 13,894 63.34 47,418,784 7.15
10,001 - 100,000 3,364 15.33 92,263,710 13.92
100,001 - less than 5% of issued shares 462 2.11 382,438,908 57.68
5% and above of issued shares 2 0.01 140,108,347 21.13
21,937 100.00 663,020,762 100.00

And many of current Bersatu members ex UMNO members also ONCE UPON A TIME bersumpah taat setia pada UMNO.

It only need one man Tong theedgemalaysia to buy up 5% to become substantial shareholder to move Insas share price north.

Aiyoyo once upon a time PAS Hadi also peluk memeluk DAP LGE openly on stage.

The dumbass is the one use his pasar malam TA tool to tell his TA story that jaks 19 sen is at point 1 (the floor) and the only way for jaks is up up away.

No prizes for guessing who is this dumbass.

Since M&A is the PP advisor hence M&A is reponsible to place out all the PP jaks share to whoever have the money to take up the PP share at 12 sen. It is all a business deal, nothing more nothing less

Some dumbass hold his jaks at 19 sen tight tight. Sharks get their PP jaks shares at 12 sen and insiders get the LTIP jaks shares for free.

Anyone need any help from Insas CEO to subscribe for Jaks PP at 12 sen?

Already half way thro' in preparing my hard hitting and probing AGM questions.

I thought TTB is Malaysia Warren Buffett and icapital is Malaysia Berkshire.

Insas run M&A securities and an along business (Insas Credit and Leasing). Any SME or Tech start up that need funding and listing to tap into equity funding are welcome to seek Insas help.

Inari is one of the company that happen to seek Insas help for funding and listing, nothing more nothing less.

If by next AGM the cash hoard keep increasing and no sign of BOD reinvest the retained earnings for the long-term growth of the company then BOD should return part of the retained earning to shareholders for them to reinvest.

March 20, 2024, by Melisa Čavčić
A floating production, storage, and offloading (FPSO) vessel destined to work at an oil field in the Santos Basin, has left a shipyard in Dubai, UAE, and set sail for Brazilian waters.


FPSO Atlanta; Source: Yinson Production
Enauta signed a contract with Yinson for the conversion of an existing production unit – purchased in February 2022 – so that the FPSO could be used for the Atlanta field’s Full Development System (FDS). In July 2023, Yinson exercised its option to buy the FPSO Atlanta through the purchase of all the shares of AFPS, which owns the vessel.

Following shipyard works and sea trials, the FPSO Atlanta is now en route to the Atlanta field in Santos Basin off the coast of Brazil. According to Enauta, this is in line with the project schedule and the estimated time of arrival (ETA) for the FPSO is 45 days, which may vary depending on sea conditions.

Upon the vessel’s arrival, anchoring and submarine systems connection works are expected to start, with the first oil anticipated in August 2024. Yinson Production held a naming ceremony for the FPSO Atlanta at Dubai Drydocks World in Dubai on December 13, 2023.

FPSO Anna Nery achieved financial acceptance in May-23 and began generating lease income.
Currently, it still has 3 more FPSOs under construction.
FPSO Atlanta and FPSO Maria Quiteria will be delivered in year 2024 and FPSO Agogo will be delivered by Feb-26

FPSO Maria Quitéria is Yinson Production’s third FPSO destined for Brazil, following FPSO Anna Nery, which has been operating for Petrobras since May 2023, and FPSO Atlanta, which is expecting first oil in summer 2024 and will operate for Enauta.

Only FPSO Agogo under contruction and need capital. FPSO Alanta and Maria Quiteria on it way deliver to client.

Yinson Production has held the naming ceremony for FPSO Maria Quitéria which will deployed in at Petrobras’ Jubarte field offshore Brazil.

The naming ceremony for the FPSO Maria Quitéria was held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on April 3, 2024.

FPSO Maria Quitéria is a conversion project with a production capacity of 100,000 barrels of oil per day and a storage capacity of 1,000,000 barrels.

The vessel will be the first FPSO in Yinson Production’s fleet to operate heat recovery steam generation (HRSG) as part of its combined cycle power generation system.

HRSG is one of several technologies that we are implementing across Yinson’s fleet, in line with its efforts in reducing carbon emissions and be the frontrunner in decarbonizing the FPSO industry towards the goal of net zero.

Yinson Production was awarded the FPSO Maria Quitéria project by Petrobras in November 2021 and the conversion works started on January 25, 2022.

The project has been progressing according to schedule, with all topside modules onboard and integrated, and commissioning underway. Sail away to Brazil will be in the second quarter of 2024 and the asset will be deployed at the Jubarte field, as part of the Parque das Baleias Integrated Project, located in the northern part of the Campos Basin, offshore Brazil.

The deployment is part of a 22.5-year lease and operate contract with a total contract value of up to $5.3 billion.

FPSO Maria Quitéria is Yinson Production’s third FPSO destined for Brazil, following FPSO Anna Nery, which has been operating for Petrobras since May 2023, and FPSO Atlanta, which is expecting first oil in summer 2024 and will operate for Enauta.