By the.way auditor has answered below on lease liabilities:

Question 5: External Auditor what it means by included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million?

Answer: This pertains to the outstanding amounts of lease rental due and payable owing to the lessors that remained unsettled as at 31 December 2023

Question 9: 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?

Answer: For the due and payable lease payments for FY2022 and prior year, the amount is recorded within trade and other payables in FY2023

Am I right to say the going concern of capA is now at the mercy/pleasure of lessors?
What hope does capA has when lessors are squessing Stony' ball for all its worth/juice?

Do you think flexibly or critically before you make a decision?

Critical thinking is the analysis of available facts, evidence, observations, and arguments in order to form a judgement by the application of rational, skeptical, and unbiased analyses and evaluation.

Know what is the current lease liabilities and current trade & other payables in the Balance sheet of capA as at 31/03/2024?

Repost from jaks forum
Jaks is badly managed company with Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon.

Come Q4 will be another big impairment losses on trade and other receivables. So remember to sell before Q4 result out.

Jaks was and still a pump and dump stock during KYY time till......
At least KYY pump to get a good PP price for jaks but nowaday only dump for PP subscribers to buy low and then pump for PP subscribers to sell their PP share high.

Anyway with NOSH: 2,607 Million and growing every year.
How high can syndicate pump?

My take on Jaks' FA and TA
Jaks FA all this while is very bad with cash flow problem make worst by incompetent management losing money non-stop in every project undertake in Malaysia and non-end yearly impairment loss on receivables (except Vietnam JHDP JV).

As of TA, it depend on how insiders and syndicate want to play the pump and dump game. So make sure you are not the one holding the dead cat when the music/pumping stop.

With almost the same passagers carried and load factor as 1st quarter end 31/3/2024.
What make you think Q2 end 31/6/24 will be a good quarter when Q1 is a lose making quarter?

Spend so much money in LSS4 and what jaks can show is PPE and miserable revenue of RM 5.3 million and PBT of RM 0.96 million for quarter end 31/3/2024.
Will LSS4 be lose making during raining season?

Following the successful completion and achievement of commercial operations date for the 50MW solar photovoltaic project under the Large-Scale Solar (“LSS”) 4 Programme in August 2023, the Power-Energy division commenced its businessoperations of generation and delivery of renewable energy to Tenaga Nasional Berhad (“TNB”) under the Power Purchase Agreement with TNB. Revenue contribution of RM5.3 million was recognised from this division for the first quarter
of 2024. With higher revenue achieved, this division achieved a profit before tax of RM0.96 million in the current quarter

By the way since this is BOT or a concession asset at the end of concession the value of JV will be Zero

Know what is equity accounting?
It take a policy change, turbine, boiler crack, transformer fire and etc to massively write off assets of JHDP.

The going concern of capA is now at the mercy/pleasure of lessors.
What hope does capA has when lessors are squessing Stony' ball for all its worth/juice?

By the way I subscribed fully with addition 10% for Insas RI of Insas-PB with free Insas-WC.

I make a handsome gain from my free Insas-WC

Bursa should not allow IBs to issue call or put structure warrants for a simple reason these warrants did not contribue to economic growth and it is a form of gambling and IBs is in conflict of interest.

Warrants should only be issued by listed companies during cash call RI with sweetener free warrant.

The RCPS is part of payment for acquisition. The RCPS holders just need to surrender 5 RCPS for 1 KPPROP share.

Acquisition of subsidiaries
The Company had, on 9 August 2019, announced the following acquisitions and transactions that were approved by the shareholders in the Extraordinary General Meeting held on 23 December 2019:-
i) Acquisition of the entire equity interest in Aeon Frontier Sdn. Bhd. (“AFSB”) for a purchase consideration of RM33,473,902 (“AFSB Acquisition”) which was satisfied via the issuance of 196,905,307 shares in the Company (“Company Shares”) at an issue price of RM0.17 per Company share;

ii) Acquisition of the entire equity interest in Kerjaya Property Sdn. Bhd. (formerly known as Kerjaya Prospek Property Sdn. Bhd.) (“KPSB”) for a purchase consideration of RM367,590,902 (“KPSB Acquisition”) of which RM100,000,000 was satisfied via cash and RM267,590,902 which was
satisfied via the issuance of 1,574,064,127 redeemable convertible preference shares in the Company (“Company RCPS”) at an issue price of RM0.17 per Company RCPS;

iii) Acquisition of the entire equity interest inKerjaya Hotel Sdn.Bhd. (“KHSB”) for a purchase consideration of RM270,978,389 (“KHSB Acquisition”) which was satisfied via the issuance of 1,593,990,524
Company RCPS at an issue price of RM0.17 per Company RCPS;
(Collectively, i), ii) and iii) above are referred to as the“Acquisitions”)

Monday, 22 Jul 2024

PETALING JAYA: After enduring repeated delays of his AirAsia flight from Kota Kinabalu to Sandakan, MCA president Datuk Seri Dr Wee Ka Siong (pic) took the low-cost carrier to task and called for transparency.

“Something very unfortunate happened. I was initially supposed to fly at 3.10pm on Saturday before receiving a notice that it would be delayed to 5.55pm the same day, then to 11.30pm.

“Another notice came, saying that the flight would be delayed to 2.10am on Sunday,” the Ayer Hitam MP recounted in a video uploaded to his Facebook page yesterday.

He added that he later received yet another notice about the changed flight time to 1am on Sunday instead, but when he arrived at the counter, the former transport minister was told that the flight was grounded and its status would only be known at 7am that day.

“Why didn’t you inform us earlier? I even rented a room nearby for some rest owing to the delay and had already checked out as well.

“Tell me what is going on so I can plan my route to Sandakan, instead of letting us just wait around here like fools,” said a visibly upset Dr Wee.

He also stressed the need to be transparent over the flight’s status

A joke about Man's Lifespan.
Luckily I am at the age where I start to spend my children' future money.

God created the donkey and said: "you will work tireless from sun up to sun down, carrying heavy bags on your back, you'll eat grass, you will not have intelligence and you will live 50 years. You will be an DONKEY!" The donkey answered:"I'll be a donkey, but living 50 years is too much, give me only 20 years." And God gave him 20 years.

God created the dog and said: "You will look after the men house, you will be his best friend, you will eat whatever they give you and you will live 25 years. You will be a DOG!" The dog answered: "God, living 25 years is too much, give only 10. " God gave him 10 years.

God created the monkey and said: "You will jump from brach to branch, you will do silly things, you will be amusing and you will live 20 years." The monkey answered: "God, living 20 years is too much, give me only 10 years." And God agreed.

Finally, God created man, and told him: "You will be Man, the only rational being on this earth, you will use your intelligence to control other animals, you will dominate the world and you will live for 20 years. "The man answered: "God, I'll be man, but living 20 years is not enough, why don't you give me the 30 years that the donkey refused, the 20 years that the dog did not want and the 10 years that the monkey refused. " That was what God did.

Since then, Man live 20 years like a man, then he enters adulthood and spends 30 years like a donkey, working and carrying the load on his back, then when his children leave home, spends 15 years like a dog, looking after the house and eating whatever is given to him, then he gets into retirement, and spends 10 years like a monkey, jumping from house to house or from children to children, doing silly things to amuse the grandchildren. !!

Good morning my good friend Balian de Ibelin,
Thank you for reminding me to write a will to gift million of delisted Xingquan shares in my CDS account.

If next two qarters q to q earning drop what will be the price TP after CNY?

Growth you must be joking.
Revenue drop so much and I wonder whether revenue can cover the working capital?
Next year, what say you another PP or RI?

A well managed company is measured by gearing ratio?
And not by Earning, ROE, Cashflow, Dividend and etc?

"When the UITM student union came out protesting the entry of non-Malays and/or non-Sabah/Sarawak natives who are Malaysians into UITM, it was shocking where did these young people develop such racist beliefs,” observed Hector.

They are the top Malay and Native Sabah/Sarawak students yet they are so narrow-minded and racist. Whose faults?

By the way since when did I promote Omesti?
I just trade some Omesti-PB for my free bintang beer unlike Nike-tikus promote Jaks day and night 24/7/365 non-stop to no avail.

Repost:
Jaks is badly managed company with Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon.

Come Q4 will be another big impairment losses on trade and other receivables. So remember to sell before Q4 result out.

Jaks was and still a pump and dump stock during KYY time till......
At least KYY pump to get a good PP price for jaks but nowaday only dump for PP subscribers to buy low and then pump for PP subscribers to sell their PP share high.

Anyway with NOSH: 2,607 Million and growing every year.
How high can syndicate pump?

Do you know the medium of instruction in UITM is English?

Good morning,
I just like to share my thought, not only warrants got expiry date but so are many stocks that get themselve delisted and also every living thing got their expiry date.

So how and what you want to do with your life time before expire date?

Not yet

"人算不如天算" (rén suàn bùrú tiān suàn) translates to "Man proposes, God disposes" or "Man's plans are inferior to those made by heaven." This saying suggests that despite humans making plans and calculations, ultimately events are determined by a higher power or fate beyond human control. It emphasizes the unpredictability of life and the limitations of human foresight.

"人定胜天" (rén dìng shèng tiān) translates to "Man can conquer nature" or "Man can overcome fate." This saying conveys the idea that human determination, willpower, and effort can triumph over external circumstances or fate. It implies that with hard work, perseverance, and determination, individuals can shape their own destinies and achieve success despite challenges.

While these two sayings appear contradictory on the surface, they actually reflect the complexity and duality of human beliefs about fate and agency. "人算不如天算" emphasizes humility, acceptance of fate, and the recognition of the limits of human control, while "人定胜天" underscores the power of human agency, willpower, and perseverance in shaping one's destiny.

In essence, these sayings capture different aspects of the human experience and the interplay between fate and human action. They serve as reminders of the unpredictable nature of life and the importance of both acceptance and proactive effort in navigating challenges and pursuing goals.

KYY sudah lari!

Posted by yewyin33 > 1 hour ago | Report Abuse

I sold all my KPP shares because of the Redeemable Convertible Preference Share (RCPS). Koon Yew Yin

If your religion told you your fate already predetermined by almighty god or you are born poor because of your karma and will remain poor for your whole life.

Will you just resigned to your fate or have the courage to change your fate by working double hard?

By the way the explaination of huge receivables as retention money for completed project/projects is as fake as Serba receivables.

Has Jaks management know about Bank Guarantee facility designated for issuing performance guarantees.

Jaks has cashflow problem and now can only get cash from either PP or RI for bank repayment and working capital.

So where jaks going to get the money to undertake any project?
Meanwhile LTIP coming to reward ALP for signing MOU

India still many extreme poverty but their crazy super rich just have a out of this world wedding.

Is india poor because of lazy poor or due to other factor?

Dear IR,

First and foremost please convey my thanks to the BOD, External Auditor and Company secretary for answering all my send in advance AGM questions.

I had below follow up clarification on the answers given by the External Auditor and BOD. Please send a copy to them for them to prepare the clarification.

Referring Appendix 2 to the Minutes of the 7th AGM ISSUES RAISED BY THE SHAREHOLDERS

Question 4: External Auditor please explain the different FYE 2022 current lease liabilities is RM4,340,844,000 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)?

Answer: The FY2022 current lease liabilities include unpaid outstanding lease.
The cash flow in FY2023 represents the actual amount paid by the Group.
The Profit and Loss items relate to interest on lease, depreciation on Right of Use assets and short term lease expense

Question 5: External Auditor what it means by included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million?

Answer: This pertains to the outstanding amounts of lease rental due and payable owing to the lessors that remained unsettled as at 31 December 2023

Question 9: 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?

Answer: For the due and payable lease payments for FY2022 and prior year, the amount is recorded within trade and other payables in FY2023


Follow up clarification

Question: External auditor, are the answers given on above implied as long as lessors agreed to roll over unpaid lease payment due then the income statement (P&L) accounting recognised only RM 2,445,438,000 (interest on lease, depreciation on Right of Use assets and short term lease expense) instead of the full amount Financial Year Ended 2022 current lease liabilities of RM 4,340,844,000?

Question: Isn’t that distorted the financial income statement and the profit/(loss) for Financial Year Ended 2023?

Do you know what you so called Cashflow had been positive is not even enough to pay the lease payment due?

Cash flow is positive?

Page 12 of Financial Report: External Auditor Going Concern
Assessment:
Quote, “The group and the Company reported net operating cash flow of RM1,413 million and RM72 million respectively. As at 31 December 2023, the group current liabilities exceed its current assets by RM12,699 million. In addition, as at 31 December 2023, the Group reported a negative shareholders’ funds of RM8,762 million.” unquote

External Auditor if total cash outflows for leases RM2,045 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?

Answer:The impact will be the reduction of cash flow from operating activities of the same amount.

Not all traders are high risk, high reward gambler.

Market/stock will undergo a particular cycle depend on internal and external factor. You just need to study these factors and make use of these factors to make a profitable trade.

Example:
Pmetal, aluminum price trend.
Serba internal fraud cut lose.
Glove sudden overcapacity from China and covid at tail end cut win/lose

Beside cut lose must also learn when to take profit.

https://tradingeconomics.com/commodity/aluminum
Aluminum futures plummeted to $2,380 per tonne in July, the lowest in over three months, and tracking the aggressive selloff for other base metals as their poor demand outlook was magnified by ample supply from China. Rainfall in the Chinese production hub of Yunnan improved the availability of hydropower and allowed smelters to bring back idled capacity. The developments erased earlier concerns that dryer weather would prevent producers from normal operation, lifting primary aluminum output in China by 6.2% annually in June to 3.76 million tonnes, the highest since November 2014. In the meantime, a batch of economic data suggested that domestic demand for factory goods in China remained at muted levels. The domestically focused NBS manufacturing PMI pointed to back-to-back contractions in June, and a 109% surge in exports of alumina during the period showed that manufacturers were forced to turn to export markets for sales.


What will happen to Pmetal price if aluminum drop to below USD 2,000 or to USD 1,500?

It is always good to take some money off the table.

By the way Pmetal or MSC you need to monitor the Aluminium and Tin price movement to know what will be they profit look like and hence their price movement

Very often many Buffett wannable like to quote Buffett rule no 1 never lose money as a way to find faults on those short or middle term investors as they only believe you need to hold shares for life in order to gain the full potential.

You can check with TheContrarian how he make 4X on Insas by following the rule buy when everyone is selling and sell when everyone is buying.

In bursa even you did not invest in warrant but if you hold Serba and many others that got delisted it is still 100% loss. So the first rule everyone must learn is to cut lose when you have make a mistake for buying that share at the first place.

17/07/2024 3.45 3.37 - 3.45 3.37 -0.08 (2.32%) 123,800

CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED 17-Jul-2024 Disposed 118,300 0.000 View Detail

What is TTB talk about should the present large foreign investors allow the stock price of icapital.biz Bhd to trade without any interference, then, the discount of your Fund will disappear at a faster pace and its stock price will then be able to trade at a rational level earlier than otherwise?

When the reality is foreign investors sold 118,300 shares, icapital drop by 8 cent.

When will TTB start to buy icapital?

By the way who said jaks TA 18 floor is the bottom floor and trapped himself in jaks for more than a year despite promoting jaks non-stop 24/7/365?

My take on Jaks' FA and TA

Jaks FA all this while is very bad with cash flow problem make worst by incompetent management losing money non-stop in every project undertake in Malaysia and non-end yearly impairment loss on receivables (except Vietnam JHDP JV).

As of TA, it depend on how insiders and syndicate want to play the pump and dump game. So make sure you are not the one holding the dead cat when the music/pumping stop.

Who is the Cindy Kate TheContrarian mention about?
By the way I am still waiting to collect Insas below RM1.00

Mike-tikus balls shrink when jaks drop to 12 cents and he dare not average down.

The last time his punya pasar malam TA reader told him jaks 18 floor is the bottom floor so he all in from 18 till 24 and trapped himself for more than a year.

This time his TA told him: 👉Haha at Least from RM 0.185 Up to RM 0.225 within 2 month , then From RM 0.195 Up to RM 0.245 in 2 months …

This time round is he trying to dump his share at RM 0.245?
Any volunteer to be his suiyee sucker billis?

常成控股（JTIASA，4383，主板种植股）闭市时报收1.13令吉，按日涨2.0仙或1.80%。

常成控股的日线图开始横摆及出现买压，呈现反弹形态。它的日线相对强度指数（RSI）处于52.25的位置。

它的股价形或在短期内突破及上探1.28至1.32令吉的阻力水平，而支撑水平处于1.07至1.11令吉的位置

So far already converted 900 million RCPS to 180 million KPPROP share. Still got balance 1,718,054,651 RCPS.

Last time Mike-tikus punya pasar malam TA reader told him jaks 18 floor is the bottom floor so he all in from 18 till 24 but then price plunge thro' 18 foor to new low of 12 floor.

Jaks FA all this while is very bad with cash flow problem make worst by incompetent management losing money non-stop in every project undertake in Malaysia (except Vietnam JHDP JV).

As of TA, it depend on how insiders and syndicate want to play the pump and dump game. So make sure you are not the one holding the dead cat when the music/pumping stop.

Last year news of LSS4 COD and addition 10% JHDP option push up share price to 0.245 on 1/9/2023.
This year no addition 10% JHDP + LSS4 hardly make any money.

Can Mike-tikus work harder on LSS5 500MW to push the price?

Jaks is badly managed company with Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon.

Come Q4 will be another big impairment losses on trade and other receivables. So remember to sell before Q4 result out.

Jaks was and still a pump and dump stock during KYY time till......
At least KYY pump to get a good PP price for jaks but nowaday only dump for PP subscribers to buy low and then pump for PP subscribers to sell their PP share high.

Anyway with NOSH: 2,607 Million and growing every year.
How high can syndicate pump?

M & A EQUITY HOLDINGS BERHAD(formerly known as SYF RESOURCES BERHAD)
Co. No. 199501035170 (364372-H)
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income
For the Quarter Ended 31 March 2024
(The figures have not been audited)
RM '000
Revenue 13,066
Cost of Sales (9)
Other Operating Expense (17,168)
Other Operating Income 11,035
Profit from Operations 6,924

Also tell us what is other operation incomes in M&A quarterly report?