Is someone out of his mind to debate with low IQ TIKUS who had nothing to contribute except slander?

Hope to collect more at cheaper price.

Maybe kossan. Kossan at least use some of the cash to venture out from glove.

Repost:
Posted by Sslee > May 16, 2024 7:13 AM | Report Abuse X

Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.

Philip know it, market over react to US tariff increase for glove from 7.5% to 25 % starting 2026.

So what will be the profit look like for Harta? Is the price surge sustainable with the profit growth?

Philip know what will be the profit look like to his Harta and Pchem. If he is smart as he claim, he should take some profit off the table

I am here just teasing my senior Philip to sell his Harta and Pchem.

Still BUY. Post-earnings adjustment, we raise our TP to MYR4.10. Our DCF- derived TP implies 28x FY27F P/E, slightly above its pre-COVID-19 5-year historical mean of 26x.

So RHB got the foresight to give 28x FY27F P/E?

Basic economy 101: Price will depend on demand and supply.
So what will happen if every tom jack and harry also rush in to build DC?

Who will be next?
How many do we expect to announce next week.
This week we had seen few property names.. Sime Prop, Mah Sing, UEM Sunrise and Jakel.

Anyone counting how much capacity are we building? Or is this just a game to get share prices rallying?

Stock: [SCIB]: SARAWAK CONSOLIDATED IND BHD
Feb 19, 2024 12:56 PM | Report Abuse

Posted by Sslee > Jan 19, 2024 8:39 AM | Report Abuse X
Mike-tikus
PA another big contract from First Solar, can I buy PA?

Give him some easy tips for coffee money he still insist 
👉Jaks Shl be from Bottom to Uptrend …

Jaks Q4 financial end 31/12/23 will be a very bad quarter.


Stock: [SCIB]: SARAWAK CONSOLIDATED IND BHD
Feb 19, 2024 12:33 PM | Report Abuse

Repost:
Hahahaha,
At least got something to show off unlike Mike-tikus nothing to show except his blow water in jaks: each 1 Sen Up Shl has paper Gain 6 digit… is otw ….
Who is he trying to kid?

Posted by Mikecyc > Feb 15, 2024 2:48 PM | Report Abuse
Haha no worries… each 1 Sen Up Shl has paper Gain 6 digit… is otw ….

Stock: [SCIB]: SARAWAK CONSOLIDATED IND BHD
Feb 20, 2024 1:06 PM | Report Abuse

Now we know Mike-tikus and TheBull were a perfect fit, a match made in heaven.


Stock: [SCIB]: SARAWAK CONSOLIDATED IND BHD
Feb 20, 2024 12:59 PM | Report Abuse

Posted by Balian de Ibelin > Feb 20, 2024 11:43 AM | Report Abuse
nothing new
MikeCheatYouCrazy eavesdrop on other people and got caught buying wrong stock again?
again?
never learnt hah! 😁

When I sold Hengyuan someone TA chart tell him 44 floor is the bottom so trapped himself at 44 floor.

When I sold jaks at 22 sen for my free beer and lobster someone TA chart tell him 19 floor is the bottom so trapped himself at 19 floor for past 8 months day and night 24/7/365 promoting jaks to no avail.

Free tips Q4 end 31/12/23 jaks financial result will be very bad with multimillion of impairment losses

Stock: [SCIB]: SARAWAK CONSOLIDATED IND BHD
Feb 5, 2024 9:21 AM | Report Abuse

Or RM 1.00 so that I can tell everyone i3lurker punya multibagger


Stock: [SCIB]: SARAWAK CONSOLIDATED IND BHD
Feb 5, 2024 9:19 AM | Report Abuse

I support i3lurker
Keep till next year


Stock: [SCIB]: SARAWAK CONSOLIDATED IND BHD
Feb 5, 2024 9:06 AM | Report Abuse

Stock : 9237 - SCIB
Ref No. Date Transaction Type Quantity Price
119021328 05/02/2024 Buy 20,000 0.3700

OK bought the power of NOW

Should I worry about my SCIB 20,000 units bought at 37 sen?

Dumbass.
From M&A
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the Quarter Ended 31 March 2024
RM'000
Revenue 13,066
Cost of Sales (9)
Other Operating Expense (17,168)
Other Operating Income 11,035
Profit from Operations 6,924
Finance Costs (501)
Profit Before Tax 6,423
Taxation (2,015)
Net Profit for the Period 4,408

And by the way associate companies everytime PP or ESOS above the NAPS then Insas will need to report net gain on deemed disposal of equity interest in associate companies.

Know why Insas need to sell 100 million M&A at only RM 0.29?
Is it has to do with bumiputra shares ownership?

Someone is so clueless and thought money fall from the sky so that insas can accumulate over RM 1 billion cash.

Know where the more than RM 1 billion come from?

KUALA LUMPUR (May 31): Sime Darby Plantation Bhd (KL:SIMEPLT) sees crude palm oil prices (CPO) averaging above RM4,000 per tonne in 2024 as severe drought limits supply from Indonesia, the world largest palm producing nation.

“Given that palm is the cheapest oil compared to other [vegetable oils, while] fresh fruit bunch (FFB) production in Indonesia [is] still an issue, we expect CPO prices to remain fairly supportive,” chief operating officer Mohd Haris Mohd Arshad told reporters after the group’s first-quarter results announcement at a briefing on Friday.

The third-month CPO contract, which peaked at RM4,261 per tonne on April 3, stood at RM4,079 per tonne at 6pm, according to Bloomberg data.

Another 2 or 3 quarter of almost no profit or losses then many will become trapped ikan bilis.

Cost:
Raw material cost
Utility cost
Manpower cost
Logistics, shipment and marketing cost
Depreciation cost
Tax/duty cost

So compare the above cost what Malaysia glove manufacturers have advantage over China?

What more information you want to make an investment dicision?
The Monthly production figure is announced every month in Bursa website and daily CPO price at MPOB website.

Just buy when everyone is selling and sell when everyone is buying.

Philip my UM senior hold a lot of Harta and others.
But do you think the book gain in his portfolio or money in his bank account his?
Who will inherit the money when his time is up in this world?

So book gain or money in bank is just a figure and in theory it is not your unless you spend all the money.

Above RM 1.00 one tik is 1 sen apart.

Just for fun in collecting a falling knife.
Afterall jayatiasa 9 months end 31/3/2024 EPS is 12.91 sen

1 08 also done. Still got q buy 1.07, 1.06, 1.05

1.09 done still got q buy 1.08, 1.07, 1.06.

Any news on Insas?
Me busy collecting Jayatiasa.

Already load up at 1.12, 1.11, 1.10 now q buy below 1.10

Delist is most likely outcome.

No wonder The Late Charlie Munger's Best Quote “I think that, every time you saw the word EBITDA", you should substitute the word "bulls**t" earnings.”

Know what is capitalA aircraft lease payment and financial cost per quarter?
3. Over RM1 billion EBITDA(Increas by 12%).

Will see anyone go to jail for clear cut Serbadk fraud?

If by now you still do not know of KYY' pump and dump operative then you deserved to lose money.

Anyone go to jail for the clear cut case of Omega Securities fraud and cause it to collapse?

The main culprit only go to jail when he try to do the same thing in Singapore.

A clear cut case where people entrusted with authority choose to do the bare minimum and case closed.

Dear SC,

Referring link below:
https://theedgemalaysia.com/node/705743

I am impressed by the action taken by SC in year 2023 especially on ongoing criminal enforcement efforts, which were undertaken with the public prosecutor’s consent, initiated 15 civil actions, including the issuance of letters of demand and restitute back recovered stolen money to aggrieved investors.

Referring below SC announcement
https://www.sc.com.my/resources/media/media-release/sc-reprimands-three-china-based-companies-and-says-retention-of-four-directors-prejudicial-to-public-interest

The SC reprimanded Xingquan, its Executive Chairman and CEO Dato’ Wu Qingquan, Executive Director Wu Lianfa, former Non-Independent Non-Executive Director Ng Sio Peng and former Senior Independent Non-Executive Director Zhou Liyi for:

-falsely recording a loss of RMB415.7 million from the sale of inventory by Xingquan’s wholly-owned subsidiary;
-furnishing to Bursa Malaysia a false agreement between the said subsidiary and a third party;
-furnishing false or misleading financial statements to Bursa Malaysia; and
-recording cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.
I am thankful to SC for taking the above reprimanded action but are the reprimand actions considered as justices done and case closed with no further actions?

In view of the seriousness of offends/frauds committed by the fraudsters and their total disregard/contempt shown against authorities of SC and BURSA with no respect for Malaysia Law.

Please pardon me to ask the below repeated questions:

Question 1: Is SC intend to make an extradition request with the Chinese government to extradite CEO Dato’ Wu and his brother executive director Wu Lianfu to stand criminal trial in Malaysia Court?

Question 2: Refer google search: https://www.google.com/search?client=firefox-b-d&q=gertop

Xingquan brand products (Gertop) are available for sale at many online shopping websites. This means Xingquan still has production lines and assets in China but the China owner and Management team just took us Malaysians as fools and showed utmost contempt to SC and BURSA authorities/Malaysia law.

Will SC now invoke CMSA 2007 section 358 (1) in the public interest, taking legal action against Xingquan to recover loss on behalf of victims who suffers loss or damage by reason of, or by relying on, the conduct of another person who has contravened any provision of Part VI or any regulations made under this Act, the amount of the loss or damage by instituting civil proceedings against the other person whether or not that other person has been charged with an offence in respect of the contravention or whether or not a contravention has been proved in a prosecution?

Question 3: Is SC investigating Xingquan External Auditor: SJ Grant Thornton, IPO: CIMB Investment Bank Berhad and PP & RI: RHB Investment Bank Berhad principal advisor, underwriter and placement agent for:
1. Gross negligence and failure to perform their fiduciary duty; and
2. Are complicit in above fraud/crime in auditing, preparing and approving Xingquan Financial Account, IPO Prospectus and RI Prospectus.

A reasonable exercise of care or due diligence should have detected cash and bank balances in eight bank accounts collectively belonging to Xingquan that were false or misleading.

Note: A precedent case had been set whereby external auditor KPMG and Deloitte pay USD 80 million each and Ambank pay USD 700 million to settle claims linked to the 1MDB scandal.

Thank you

Selamat Hari Raya Aidilfitri
Maaf Zahir Dan Batin

It is OK, anyway I already spare enough cash to buy slowly on the dip.

I am talking about quarter 3 end 31/3/2024 compare to last year same quarter 3 end 31/3/2023 the cost of sales in absolute value increase by RM 29 million from RM 144.5 miion to RM 173.5 million.

By the way the for whole year end 31/06/2023 : Total employee benefits expense RM 100,199,000

Q3 end 31/3/2024: Q3 end 31/03/2023
RM'000: RM'000
Revenue 209,529: 176,358
Cost of sales (173,515): (144,522)

The cost increase of RM 29 million this year quarter compare to last year quarter look very suspicious. Or maybe the company give 12 months bonus to all the staffs.

Cost of sales is too high for the quater. Do not know what are the reasons for these high cost.

Do ready your money to slowly collect at the dip.

9 months end 31/03/2024: 9 months end 31/03/2023
RM'00: RM '000
Net cash flows from operating activities 282,199: 203,667

Posted by geary > May 30, 2024 5:12 PM | Report Abuse
Relevant Liabilities concerning AAX(Solved) n CapitalA (Ongoing)

AAX solved by debts restructure paying 0.5 sen for every Ringgit owned, capital reduction, share consolidation 10 to 1 and capital injection PP.

CapitalA(Ongoing) how without a debts restructure (lessors, bankers and creditors and etc haircut) and capital injection?

By magic of tranfering all debts/liabilities to AAX/NewCo then capitalA solved?

So limit down tomorrow?
Revenue RM 399,715,000
NP to SH RM 355,000
EPS 0.05 sen

KYY please stop posting:
The bolow is Q4 end 31/12/23 financial result.
Sales: MYR 519.05 million, compared to MYR 300.99 million in the same quarter last year.
Net Income: MYR 57.85 million, a significant improvement from a net loss of MYR 166.38 million in the previous year’s corresponding quarter.

And by the way you had been using that Q4 end 31/12/2023 result to buy in Sendai and start your pump and dump operation in i3.

If you not yet noticed:
Net current liabilities is now RM (12,923,931,000)

Aiyoyo must excuse old man, eye sight not good already so mistaken Q2 end 30 june 2022 as Q1 end 31 March 2024 result.

Congratulation KYY. At least you earned some good pocket money from your disposal of 6 million Eversendia share.

Mode of settlement of the Transaction Consideration
The Transaction Consideration will be satisfied via a combination of the following:
(a) the issuance of USD1 billion of new ordinary shares of CAPI (“CAPI Shares”)
(“Consideration Shares”) to the Company;

(b) the assumption of a term loan of USD150 million (equivalent to approximately
RM710 million) provided by Lender A (“Loan”) to be novated from Asia Aviation
Capital Limited (Labuan) (“AACL”), an indirect wholly-owned subsidiary of the
Company and the original borrower of the Loan, to Brand AA (“Loan
Novation”). Capital A is in the midst of obtaining the approval from the facility
agent of the Loan for the Loan Novation.

Capital A International (CAPI) and others
CAPI reported a total revenue of RM59.4 million and an EBITDA of RM34.5 million for
1Q2024. The revenue of CAPI was driven mainly by brand licensing fees from Aviation
and related parties, while the operating expenses were mainly related to staff cost and
other operating expenses of CAPI, Capital A Berhad and RedBeat Academy.

With EBITDA of RM34.5 million per quarter. Is it enough to pay the interest payment and principal repayment of USD 150 million loan?
Do you think CAPI can be listed in Nasdaq for valuation of USD 1 billion?

Question 34: If capital A needs to be delisted from Bursa to get more time and space to do a proper capital-raising and restructuring plan and relist in the future, will BOD do so rather than a rush job that might land everyone in a bad place?

Referring recent announcement of divestment of The Group aviation to AAX
https://theedgemalaysia.com/node/709489
The divestment of AirAsia Aviation Group Ltd (AAAGL) is expected to give rise to a pro forma gain of RM4.69 billion to Capital A, while the disposal of AirAsia Bhd (AAB) would result in a gain of RM6.07 billion

I’m afraid the deal is a zero sum game. What The Group gains is AAX losses: AAX after the acquisition of AAAGL and AAB the total borrowing and lease liabilities is RM 23,271,794,000 gearing 23.96 times.

Question 32: External Auditor what is the likelihood that AAX/New Aviation Group default on payment on current liabilities: Lease liabilities, borrowing, aircraft maintenance, trade and other payables, etc?

Question 33: Company Secretary If a default happens; will the BOD of both CapitalA and AAX end up in jail for offences of Wrongful/Fraudulent trading under Company Act 2016 section 540 and Section 539?

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:
“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:
“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration

Moving into the second quarter, Capital A expects the aviation industry to see stable demand after the peak travel season.

If you can't make money during peak travel season what hope do you have when it come to off peak season?

cash generated from operating activities 789m compared to 528m increase by 49%; EBITDA of 1billion compared to 0.5billion, increase by 100%.... pretty impressive overall... on the road to recovery :-)

Are you sure?

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.

The Late 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: External 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: External 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: External Auditor, from Sales in advance: RM 2,025,298,000, Proceeds from borrowings: RM 1,273,030,000 yet 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: BOD, FYE 2023 current lease liabilities is RM 5,438,692,000. What were the projected FY 2024 total amount (lease) recognised in profit or loss and amount payment of lease liabilities in cash flow from financing activities?

Question 12: External 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 13: External Auditors if FYE 2022 Management 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 and confident 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?