If during good crack spread time you still lose money then when poor margins time how much lose you need to suffer before Bungkus?

Sinochem shuts Shandong refineries 'indefinitely' on poor margins
7/19/2024 8:00:00 AM

Very bad quarter coming.
Receivables, sales and foreign assets in USD so with stronger MYR next quarter will see big lose in foreign exchange.

When will HRC close shop?

In Singapore, the complex refining profit margin and the gauge for Asia’s refining profits slumped this week to the lowest for the season since 2020, when the pandemic was depressing demand.

Massive new refineries, including Africa’s biggest in Nigeria, the Al Zour refinery in Kuwait, and Duqm in Oman, are also weighing on the profits of smaller refineries, especially in Europe.

Earlier this month, the owners of the Grangemouth refinery, Scotland’s only crude processing facility, confirmed the plant is set to close in the second quarter of 2025, as it has been struggling to compete with the new complex facilities in Asia, Africa, and the Middle East.

By Tsvetana Paraskova for Oilprice.com

GE15 result:

P115 Batu
Prabakaran Parameswaran (PH - PKR) 40.2% (45,716)
Azhar Yahya (PN - PAS) 20.6% (23,475)
A Kohilan Pillay (BN - MIC) 9.1% (10,398)
Tian Chua (IND) 4.0% (4,603)
Wan Azliana (GTA - PEJUANG) 0.7% (849)
Siti Kasim (IND) 0.6% (653)
Nur Fathiah Syazwana @ Cleo (IND) 0.6% (628)
Nathan Batu (WARISAN) 0.5% (575)
Zulkifli Fattah (PRM) 0.1% (137)
Too Gao Lan (IND) 0.1% (112)

Those export oriented industries will have a very bad quarter because receivables and sales in USD but cost in MYR.

Need some time to pass down the cost increase to customers if customers agree to cost increase or customers could buy from other cheaper cost countries.

Are bankers still support AA??

Haven't you heard Stony complain about Bankers ask Stony to stand as gurantor if CapA wish to borrow money?

So without bankers support capA had to raise funds thro'private cerdit revenue bonds.

The proof of the pudding is in the eating. Can AAX find enough investors for its upcoming RM 1 billion private placement?

Two leading private credit funds, Ares Management Corp and Indies Capital Partners, will provide $200 million of the funding, which will be strategically utilised to reactivate aircraft that were grounded during the pandemic. The remaining $243 million tranche, subscribed by sting aircraft lessors will be used to refinance existing lease liabilities, further strengthening its balance sheet.

By the way aircraft lessors are very happy to exchange the current lease payment into USD 243 million revenue bond.

Aiyoyo Mike-tikus still can't understand what it mean by FREE DETACHABLE WARRANTS ("WARRANTS")?

RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 NEW REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS, AT 5.00 P.M. ON 3 FEBRUARY 2021 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS")

Posted by EngineeringProfit > Sep 21, 2024 11:17 AM | Report Abuse
I got 10 children, & over 200 grandchildren + great grandchildren

👍👍👍👍👍👍👍👍👍👍

Did someone can't read or as usual twist and turn on purpose?
Know how much I earned from the free insas-WC?

RI for total RM 320 million to pay loans ?????? LOL Mike-tikus

Financial Year
Subject Rights Issue
Type RightIssue
Description RENOUNCEABLE RIGHTS ISSUE OF UP TO 132,604,152 NEW REDEEMABLE PREFERENCE SHARES ("RIGHTS RPS") IN INSAS TOGETHER WITH UP TO 331,510,380 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF 2 RIGHTS RPS AND 5 WARRANTS FOR EVERY 10 EXISTING ORDINARY SHARES HELD BY THE ENTITLED SHAREHOLDERS, AT 5.00 P.M. ON 3 FEBRUARY 2021 AT AN ISSUE PRICE OF RM1.00 PER RIGHTS RPS ("RIGHTS ISSUE WITH WARRANTS")
Amount 2.0000 : 10.0000
Ex Date 02-Feb-2021
Entitlement Date 03-Feb-2021

Ann. Date
Ex Date
Type
Subject
Amount
21-Jun-2024 24-Jun-2024 Private Placement 56,285,000 0.145
14-May-2024 15-May-2024 Private Placement 180,700,000 0.120
07-Sep-2023 08-Sep-2023 Private Placement 80,014,700 0.180
26-May-2023 29-May-2023 Private Placement 129,017,000 0.185
30-Jun-2021 01-Jul-2021 Private Placement 272,667,000 0.475
27-May-2019 28-May-2019 Private Placement 58,465,313 0.700
29-Mar-2018 30-Mar-2018 Private Placement 49,631,200 1.380
23-Mar-2017 24-Mar-2017 Private Placement 43,836,100 1.360

13-Oct-2020 26-Oct-2020 RIGHTS_ISSUE Rights Issue 8.0000 : 5.0000
05-Nov-2018 16-Nov-2018 RIGHTS_ISSUE Rights Issue 1 : 2

Just a simply question if jaks financial health is improving then why the need to sell land and yearlly cash call PP for working capital and debts repayment?

Suiyee sucker bilis are born every second to be eaten by shark.
You all most welcome to be the suiyee sucker bilis.

CapA
As at 30/6/2024
RM'000
Non current assets 26,053,575
Current assets 2,319,481
Non current liabilities 23,819,165
Current liabilities 15,798,326
Net current liabilities (13,478,846)
Total equity (11,244,436)

My question to AAX BOD/Auditor will be very simple
1. With the acquisition of AAAGL what will be
A. Non current assets
B. Current assets
C. Non current liabilities
D. Current liabilities
transfer to AAX?

2. With the acquisition of AAB what will be
A. Non current assets
B. Current assets
C. Non current liabilities
D. Current liabilities
transfer to AAX?

3.After acqusition of AAAGL and AAB what will be AAX
A. Non current assets
B. Current assets
C. Non current liabilities
D. Current liabilities

4. With net current liabilities of RMx,xxx,xxx,xxx how BOD ensure AAX will not default on payment obligation of current liabilities in the next 12 months?

Suiyee sucker bilis are born to be eaten by shark.
Why bother to save them from shark?

I am here just to share my comments and whether my comments are negative or positive, its did not brother me.

By the way why are you here sharks? Could its because you smell blood in capA?

As I said there are many pump and dump syndicate members in i3forum.

So can you beleive someone already made so much money from international market but still busy at capA forum?

What the used of claiming himself as having professional qualification in financial analysis but can't even understand capA is technically a insolvent/bankrupt company?
And again if aviation is so profitable then why the need to dispose AAAGL and AAB to AAX?

As at 30/6/2024
RM'000
Non current assets 26,053,575
Current assets 2,319,481
Non current liabilities 23,819,165
Current liabilities 15,798,326
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)
Note:
Current lease liabilities 5,510,697
Current trade and other payables 4,725,450

Is capA with above financial balance sheet a tecnically insolvent/bankrupt company?
How on earth can capA not default on net current liabilities of RM 13,478,846,000 in the next 12 months?

Me I already earned RM 231,020.30 in dividend alone so far this year.

Before you put your hard earned money into stocks investing please at least learn how to read financial report and hold BOD accountable, reponsible and answerable during AGM/EGM.

There are too many pump and dump in Bursa.

As I said before when leno go around shouting BOH CHOW CCCCCCCCC AAAAAAAAAAAAAAA !!! It is time to collect some.

And when leno shouting Insas canteeeeeeeeeek 60 kambiiiiiiiiiiing it is time to sell all.

Haven't you read the EGM will be conducted on a virtual manner?

NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Capital A Berhad (“Capital A” or the “Company”) will be conducted
on a virtual manner through live streaming from the broadcast venue at RedQ, Jalan Pekeliling 5, Lapangan Terbang Antarabangsa Kuala Lumpur,
64000 KLIA, Selangor Darul Ehsan, Malaysia (“Broadcast Venue”) and online remote voting using the Remote Participation and Voting facilities
provided by Tricor Investor & Issuing House Services Sdn Bhd via TIIH Online website at https://tiih.online on Monday, 14 October 2024 at 10.00
a.m. or at any adjournment thereof, for the purpose of considering and, if thought fit, passing with or without modifications, the following
resolutions:

When one had to go soo low in insulting you rather than rebut you with his facts and figures you know you are on the right path.

By the way all are welcome to rebut my facts and figures taken from the financial report if my facts and figures are wrong.

I only post the facts and figures from capA financial report.
Whether it is positive or negative are your own presumption.

Ask and you will get the answer no matter how follish is you questions.

Only fool refuse to ask and will remain a fool.

The question you should ask is why capA did not answer my follow up/clarification questions?

By the way it is now up to Bursa SC whether shareholder has the rights to ask follow up/clarification question and listed company is obliged to answers follow up clarification questions on answers given to AGM Q&A?

By the way can capA avoid answering my questions during the EGM Q&A?

By the way I make myself an AAX shareholder and this time round I will ask the difficult questions on AAX aquisition of AAAGL and AAB.

And will AAX fall into PN17 after taking over the assets and liabilities of AAAGL and AAB?

Since CapA IR did not replied my AGM follow up/clarification questions, I will send the same questions as EGM questions.

Dear IR,
Just a gentle reminder:

Another month had passed since my previous email dated 2nd August on my follow up seeking clarification from External Auditor and BOD regarding their answers given to my submitted AGM questions.

May I know will I be reasonably expecting clarification answers from the External Auditor and BOD?

Or do I need to wait until the next EGM and AGM to post the clarification questions to the External Auditor and BOD?


Dear Bursa SC,
Is it within shareholder rights to seek clarification on answers given by the External Auditor and BOD during AGM Q&A, if the answers given were not very clear to the person posting the questions?

Is a listed company obliged to give answers to follow up clarification on answers given to AGM Q&A?

Thank you

Have a good day

Best Regards

If you hold 30% JHDP and that assets is in USD then quaarter end 30/6/2024 what exchange rate you used to covert your 30% JHDP equity/net assets in jaks book (investment in JV)?

When come next quarter end 30/9/2024 what exchange rate you used to covert your 30% JHDP equity/net assets in jaks book (investment in JV)?

Repost:
Posted by EngineeringProfit > Sep 14, 2024 3:43 PM | Report Abuse

Penal Code (Act 574): Sodomy is criminalized under Section 377A and 377B of the Penal Code, which addresses carnal intercourse against the order of nature. Engaging in sodomy, whether consensual or not, is a punishable offense with imprisonment of up to 20 years and whipping. If sodomy involves a minor (under 18 years old), it would be considered statutory rape, as minors cannot legally consent to sexual activities. The penalties are harsher when it involves children.

Section 201 of the Penal Code: This section covers the concealment of an offense. Any individual who, knowing that an offense such as sodomy has been committed, hides evidence or fails to disclose it to the authorities can face punishment, including imprisonment of up to 7 years, or fines, or both

Insas cash holding over RM 1 billion+.
Anyone interest to just take over 10%-32.9% and access to the cash hoard of billion?

Can it be because Akmal do not think what happen in GISHB is not sinful/shameful and do not brought shame to Agama, Negara dan Raja-raja unlike the sock and nyonya tua case.

Not a laughing matter.
If Jakim has his way after mandatory halal certification for business a day will come where everything will need certification of halal and non halal/haram.

You IC will be with new label as halal and non-halal/haram

The world class www.icapital.biz is offered to investors at only RM49 per year with the full colour printed version at RM99 per year, and with each weekly issue delivered to your house or office.

Do this mean OTB beat TTB hands down since OTB charged his subscribers RM 1,000 per year?

You can replant palm oil plantation every 25 years cycle.
But what happen when 25 years JHDO BOT contract expired?

I had try my best to refute Mike-tikus misinformation or blantant lies about Jayatiasa.

I will now let Mike-tikus kaki kong, kaki song in Jayatiasa forum.

First planting is from 2002 to 2015.
So next cycle of replanting will most likely from 2024 to 2039.
Unlike first planting the maturing trees will still continues give good FFB production.

Repoat:
Area Statement as at Jun 2024
Plantation Land Area(Ha)
Plantable Area(Ha)
Planted /Mature(Ha)
Area cleared for replanting (Ha)
Simalau Plantation 5,003 4,866 3,846 1,020
Hariyama Plantation 10,600 9,645 9,645 -
Wealth Houses Plantation 6,000 5,757 5,757 -
Lepah Plantation 5,149 4,099 4,099 -
Daro Plantation 11,681 9,841 9,841 -
Eastern Eden Plantation 10,000 8,580 8,580 -
Poh Zhen Plantation 5,000 2,933 2,933 -
Sawai Plantation 6,050 5,448 5,448 -
Lassa Plantation 21,300 16,287 16,287 -
Kabang Plantation 2,700 2,133 2,133 -
Total 83,483 69,589 68,569 1,020

Repost:
Jayatiasa palm oil planting (2002-2015)
Ha
885
922
2388
3525
7198
7527
12086
9027
6866
4593
3528
4200
2936
1906
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Planting Schedule as at June 2016
Land Area (ha)
Project Commence
Project Complete
Development work achieved in percentage
Planted to-date(ha)
Immature(ha)
Matured(ha)
Simalau Plantation 5,003 2002 2005 100% 4,866 0 4,866
Hariyama Plantation 10,600 2003 2007 100% 9,645 0 9,645
Wealth Houses Plantation 6,000 2004 2007 100% 5,757 0 5,757
Lepah Plantation 5,149 2005 2009 100% 4,099 0 4,099
Daro Plantation 11,681 2005 2011 100% 9,841 0 9,841
Eastern Eden Plantation 10,000 2006 2015 100% 8,580 2,020 6,560
Poh Zhen Plantation 5,000 2009 2015 100% 2,933 2,933 0
Sawai Plantation 6,050 2006 2012 100% 5,448 0 5,448
Lassa Plantation 21,300 2005 2015 100% 16,287 3,849 12,438
Kabang Plantation 2,700 2008 2010 100% 2,133 0 2,133
Total 83,483 69,589 8,802 60,787

Assume the project funding is 25% equity and 75 % loan. Jaks still need to come up with 800 X 0.25 X 0.51= RM 102 million. So RI again?

Posted by jjohnchew > Sep 14, 2024 4:39 PM | Report Abuse

Hoho illustrations: LSS5 2000 MW Solar EPCC RM 7.2 Billion..
Jaks 51% partner again with CPECC 49 % tendering 200 MW , estimated RM 800 million, ie Jaks portion RM 408 million. Take note Land 1730 acres is Lease from TDM with RM 578 per acre per year … shl be reducing the Capex

Technically with 70%: 30% equity between CPECC and jaks, the JHDP belong to CPECC and not jaks.

Jaks most likely did not do anything beside entertain the Vietnam officers and was given free 30% by CPECC.

But then again jaks will most likely ended up be eaten by CPECC for lunch.

Malaysia is a rudderless ship, no one know where the ship is headed to.

Hope one day a good captain will come onboard to steer the ship to unity and prosperity.

By the way quarter end 30/6/2024
Jayatiasa cleared 1,020 Ha simalau plantation for replanting.
This maybe one of the reason why 3 months end 30/6/2024 the cost of sales was high.

Area Statement as at Jun 2024
Plantation Land Area
(Ha)
Plantable Area
(Ha)
Planted /
Mature
(Ha)
Area cleared for
replanting
(Ha)
Simalau Plantation 5,003 4,866 3,846 1,020

Market Cap: 993 Million
NOSH: 974 Million
Avg Volume (4 weeks): 1,969,275
4 Weeks Range: 1.01 - 1.13
52 Weeks Range: 0.835 - 1.53

Will jayatiasa retest 52 weeks high of 1.53 or low of 0.835?
It will all depend of FFB production and CPO price. (Earning, cash flow and dividend )
So far July and Aug FFB production and CPO price were good

Jtiasa plantation segment FYE 30/6/2024
RM'000
External revenue 957,886
EBITDA 414,132
Finance cost (9,998)
Depreciation and amortisation (125,588)
Segmental result 278,546
FFB production: 1,155,478 MT

For jayatiasa the risk is fluctuation of CPO market price.

Know what is jaks current assets and current liabilities?
Short term loans and long term loans?

With only a mere RM 12 million free cash can jaks take on any new project?


RM'000
Cash and Cash Equivalents
Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts.
Deposits placed with licensed banks 12,074
Cash & bank balances 31,955
Bank overdrafts (5,877)
38,152
Less : Deposit held as security values (12,074)
Bank balance held as security values (5,585)
Debt service reserves account (8,364)
12,129

Jaks only profit is share of profit from JHDP.
Any bad news from JHDP (Did typhoon Yagi cause any damage to JHDP?) will cause Jaks price to drop further

JHDP cost USD 1.87 billion.
Equity 25% loan 75%.
Loan repayment term 10 years.

So anyone study economic/cash flow will know the first 10 years JHDP profit will be used for loan repayment and can't reward shareholders with good dividend.

Anyone with economic sense will know no conversion of oil palm plantation to plant hybrid rice.

The news is about those current farmers are encourage to plant hybrid rice in their current rice field.

Every one expecting once JHDP COD money/cash will be rolling in but unfortunately the reverse is happening negative cash flow make worst by endless yearly impairment loss on goodwill, trade and other receivables thus need yearly PP for loans repayment and working capital.

By 2030 once JHDP repay the 10 years term loan then money/cash should start rolling in.

Forget about selling Evolve mall or Pacific tower no buyer.

Jaks should concentrate in selling all the Lot 141 Seksyen 13 Bandar Petaling Jaya Daerah Petaling, Selangor: Podium offices, Apartments and Signature offices.

Net pro forma gain from the Proposed Disposal is derived as below:-
RM’000
Consideration Sum 77,744
Less : Estimated expenses for the Proposed Disposal (2,500)
Less : Audited net book value of the Subject Property as at 31 December 2023(15,973)
Less : Estimated Real Property Gain Tax (“RPGT”) (8,891)
Net pro forma gain from the Proposed Disposal 50,380

The Proposed Disposal is expected to be completed by 3rd quarter of 2025.

Question: Why the Proposed Disposal take so long to completed by 3rd quarter of 2025?
Is this a typo error 3rd quarter of 2025 or 3rd quarter of 2024?

Disclaimer: This is not a buy or sell call but just facts and figures from jayatiasa annual report, quarter report and presentation slide.

I am not oblige to tell anyone when I buy or sell jayatiasa but currently I hold 2,320,000 units of jayatiasa shares.