Repost: A gentle reminder to jaks investors:

Jaks finance cost per quarter is now
RM '000
Finance cost (8,139)

Group borrowings as at 31 December 2023 including interest denominated in Ringgit Malaysia are as follows: -
RM’000
Short term borrowings 60,040
Overdraft 6,037
Long term borrowings 428,741
Total 494,818

Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts RM'000
Deposits placed with licensed banks 22,222
Cash & bank balances 41,929
Bank overdrafts (6,037)
58,114
Less : Deposit held as security values (22,222)
Bank balance held as security values (904)
Debt service reserves account (11,240)
23,748

Quarter end 31/12/2023
RM'000
Other Operating, Administrative Expenses (68,753)

Mike-tikus,
Did jaks take up the addition 10% in JV JHDP?
Jaks with movable/available bank balance of RM 23.7 million can jaks have enough cash to pay other operating and admin expenses for next 3 months?

So PP or RI kambiiing. What will be the PP or RI price and at what discount to current share price?

Mike-tikus trapped at jaks 19 floor look very dangerous of collapsing anytime

Below are how Dino 🦕 becoming multi millionaire without selling and trapped in Insas for 15 fakking years…


leno Insas 1.18
WC 0.38

1 week after expire
WC 0.38 will become mother 1.18 automatically
= 210.5 % profit in 2 years !!

INSAS RM 60 RINGGIT is KAMBENGGGGGGGG AAAAAAAAAAAAAAA !!

😘😘
26/02/2024 9:16 AM

Aiyoyo this morning bought another 50,000 Jayatiasa at RM 1.18. Sudah berapa banyak untung?

In FY23, posted net profit of RM507 mil, mainly supported by recognition of RM1.4 bil from gain on remeasurement from previously held associate.

Stony wish list for 2024:
Positive outlook on macro indicators
○ Anticipated downward trajectory of brent Crude Oil Price, with prices estimated to reach as low as USD78 per barrel in 2024
○ Expected strengthening of MYR against US Dollar, with an estimated closure at RM4.20-RM4.40/USD by year-end.
○ Market expectations of further interest rate cuts in 2024, advantageous given that 70% of costs are denominated in US dollars.

● Continuous improvement on On-Time-Performance and Net Promoter Score by promoting transparency with guests. To be achieved through minimising delays and if there’s any, to provide timely and precise updates on delays, which also applies to refund progress

● Look forward to kickstarting operations of the newest AOC, AirAsia Cambodia in mid-2024 and potentially announcing a new AOC

If you follow The_JQuestion it will be like:
Malay Proverb: Terlepas dari mulut buaya, masuk ke mulut harimau
Similar English Proverb: Jump from the frying pan into the fire

The details of the directors’ remuneration for the financial year ended 31 December 2022 are set out below:
Group
2022 2021
RM RM
Directors’ remuneration:
- fee 90,000 90,000
- salary and other emoluments 39,087,000 26,206,100
- contribution to state plans 6,479,100 4,501,972
- other personnel costs 8,485 7,912
45,664,585 30,805,984

The three brothers Chairman, Executive Directors pay themselve very well.
But no dividend for minority shareholders.

Aiyoyo my trading account generate CTA earnings of RM 3,554.36 for month Feb.
Will today Jaks waterfall as PP and RI kambiiing?

Sorry typo error.
Correction: The Late Dato' Low Mong Hua

I leave SAB in year 2001 and former CEO the late Dato' Loh pass away with resulting family members fighting among each other. Since then no new projects was implemented. SAB is now living on what the late Dato' Loh had built.

I had my highest respect and profound memories of SAB founder the late Dato' Loh. So out of this respect I will not comment on internal affair of SAB.

Nothing to argue whether Insas is a value trap or not a value trap stock. As long as you can make money from your investment in Insas then Insas is a good stock.

I can only give you the available figures. You form your own facts whether capA can be uplifted from PN17.

By the way this is what one of my whatApp group say about Stony:
Lol.. he is a joke and a conman

31/12/2023: 31/12/2022
RM'000: RM'000
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)

The CAPI and GMFI deal only help to boost its shareholder equity by RM2.49 billion.
Any more magic from Stony magic hat to boost shareholders' equity to min positive RM 40 million to be considered for PN17 uplifting?

Posted by xiaoeh > Mar 1, 2024 12:01 AM | Report Abuse
good night Mikecyc

Mike-tikus cannot sleep last night and still busy at jaks forum at 3:37 AM

Mikecyc Haha in fact Jaks Insiders had done a Great Task by Steering the company Diversified into Power Utility industry..👏👏👏..

This decline was primarily attributed to the
lower revenue recognition from the local construction works that are in their final
stages of completion.

👉 With the lower revenue, this division incurred a higher loss
before tax RM63.3 million in this fourth quarter
01/03/2024 3:37 AM

Jaks finance cost per quarter is now
RM '000
Finance cost (8,139)

Group borrowings as at 31 December 2023 including interest denominated in Ringgit Malaysia are as follows: -
RM’000
Short term borrowings 60,040
Overdraft 6,037
Long term borrowings 428,741
Total 494,818

Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts RM'000
Deposits placed with licensed banks 22,222
Cash & bank balances 41,929
Bank overdrafts (6,037)
58,114
Less : Deposit held as security values (22,222)
Bank balance held as security values (904)
Debt service reserves account (11,240)
23,748

Quarter end 31/12/2023
RM'000
Other Operating, Administrative Expenses (68,753)

Mike-tikus,
Did jaks take up the addition 10% in JV JHDP?
Jaks with movable/available bank balance of RM 23.7 million can jaks have enough cash to pay other operating and admin expenses for next 3 months?

So PP or RI kambiiing. What will be the PP or RI price and at what discount to current share price?

Mike-tikus trapped at jaks 19 floor look very dangerous of collapsing anytime.

AAX
Revenue per ASK (sen) 17.16
Revenue per ASK (USc) 3.65
Cost per ASK (sen) 15.88
Cost per ASK (USc) 3.38
Cost exc fuel per ASK (sen) 5.96
Cost exc fuel per ASK (USc) 1.27

Whereas CapA
Revenue ASK (USD cents): 4.85
Cost ASK (USD cents): 5.06

Cap A Lease payment to lessors are now:
RM'000
Depreciation of ROU assets: 449,765 culmulative 12 months 1,574,356
Finance cost-lease liabilities: 252,438 culmulative 12 months 908,771

AAX after debts restructure where lessors take a big haircut:
RM'000
Aircraft lease expenses (28,251) culmulativev12 months (76,940)

Jayatiasa will give dividend 2 times per year the new norm and the dividend policy is payout not less than 20% of EPS.

Ann. Date
Ex Date
Type
Subject
Amount
View
29-Feb-2024 14-Mar-2024 DIVIDEND First Interim Dividend RM 0.0250 Dividend Detail
24-Aug-2023 12-Sep-2023 DIVIDEND Second Interim Dividend RM 0.0170 Dividend Detail
28-Feb-2023 14-Mar-2023 DIVIDEND First Interim Dividend RM 0.0150 Dividend Detail

At 31/9/2023
USD to MYR was 4.70
And at 31/12/2023
USD to MYR was at 4.60

Hence result in foreign exchange gain in quarter end 31/12/2023.
But if at end 31/3/2024 USD to MYR stay at 4.75 then it will be a big foreign exchange losses.

Mike-tikus how is your jaks.
I am looking forward to 2 Apri 2024 for my 2.5 sen dividend from Jayatiasa.
Currently 880*25= RM 22,000
Don't get envy ya!

Stock [JTIASA]: JAYA TIASA HOLDINGS BHD
Announcement Date 29-Feb-2024
Reference No ENT-29022024-00007
Corporate Action ID MY240229DVCA0006
Financial Year 30-Jun-2024
Subject First Interim Dividend
Type Dividend - Normal or Special
Description First Interim Dividend of 2.5 sen per ordinary share in respect of the financial year ending 30 June 2024
Amount RM 0.0250
Ex Date 14-Mar-2024
Entitlement Date 15-Mar-2024
Payment Date 02-Apr-2024

Looking forward to 02 Apri 2024 dividend 2.5 sen payment date.

6 months end 31/12/2023
RM'000
Net cash flows from operating activities: 228,370

1 United States Dollar equals 4,75 Malaysian Ringgit
29 Feb, 09.01 UTC · Disclaimer

If USD to MYR stay at this exchange rate till end of March 2024 then next quarter big foreign currency exhange losses.

Note: Loans, lease liabilities and payment, maintenance, fuel, etc are in USD.

As at
31/12/2023: 31/12/2022
RM'000: RM'000
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)

This is how Stony bailout his AA Philippines buddy (buy over JV partner 60%) and thus transfer negative billion in Non-controlling interest to shareholders' equity

The CAPI and GMFI deal only help to boost its shareholder equity by RM2.49 billion.
Any more magic from Stony magic hat to boost shareholders' equity to min positive RM 40 million to be considered for PN17 uplifting?

Lease payment to lessors are now:
RM'000
Depreciation of ROU assets: 449,765 culmulative 12 months 1,574,356
Finance cost-lease liabilities: 252,438 culmulative 12 months 908,771

Wonder whether Stony hold any vested interest in lessors company?

So another lose making quarter.
OCT to DEC
Revenue ASK (USD cents): 4.85
Cost ASK (USD cents): 5.06
Average fuel price: USD 125/bbl

This mean Ah Thong accumulate/lock in to much value/current assets/cash/FD inside insas. Hence Insas ia a value trap waiting to be unlocked some fine day.

In conclusion buy below 90 sen and sell above RM 1.20 and repeat few times as what TheContrarian did for 4X gain.

The deal only help to boost its shareholder equity by RM2.49 billion.
It help but still far away from acheiving shareholders' equity of minimum RM 40 million to be considered for uplift from PN 17

At end-September, Capital A’s negative total equity stood at RM10.53 billion.
Shareholders' equity negative RM 8,427,155,000

The announcement also confirms the report in the Feb 19-25 edition of the The Edge Malaysia weekly, which said that parts of the proceeds of the deal, likely in the form of CAPI shares, will be distributed to Capital A shareholders.

The deal will help boost its shareholder equity by RM2.49 billion, a back-of-the-envelope calculation showed. At end-September, Capital A’s negative total equity stood at RM10.53 billion.

It is understood that the gains from the disposal will help Capital A in its road to exit its PN17 status.

Royalty fee for AirAsia brand
Moving forward, CAPI will charge AirAsia Aviation Group Ltd a royalty fee amounting to 1% of revenue from AirAsia’s four airlines in Malaysia, Thailand, Indonesia and the Philippines.

For long-haul carrier AirAsia X, the fee is 0.5%, while Thai AirAsia X will see a higher fee rate of 1.5% of revenue.

CAPI holds IP rights spanning 23 countries, said Capital A in a statement. It has a “stable and recurring revenue stream” from royalty fees, it added.

Watch out whether GMFI get itself delisted from NASDAQ in the next 2 weeks.

Risk of delisting of GMFI
Pursuant to GMFI’s press release dated 1 December 2023, it was disclosed that GMFI had received a “Staff Determination Letter” dated 27 November 2023 (“Letter”) from NASDAQ stating that GMFI had been notified on 10 May 2023 that it had not complied with NASDAQ Listing Rule 5450(b)(2)(A) (“Rule 5450”) as the market value of its listed securities had been below the minimum market value of USD 50 million required for continued listing for 30 consecutive trading days prior to 10 May 2023. Pursuant to NASDAQ Listing Rule 5810(c)(3)(C), GMFI was provided with 180 days or until 6
November 2023 to regain compliance with Rule 5450. As a result, GMFI was informed vide the Letter that its securities will be delisted from NASDAQ on 6 December 2023 unless GMFI request an appeal which it has done so. The appeal hearing was held on 27 February 2024 (“Appeal Hearing”). As at the date of this Announcement, the outcome of the Appeal Hearing is still pending and the decision on the Appeal Hearing is expected to be given in the next 2 weeks.

Separately, GMFI was informed vide the Letter that other deficiencies such as the failure to file its quarterly reports for periods ended 31 March 2023 and 30 June 2023 and non-compliance with the minimum securities holders requirement (“Additional Deficiencies”) formed separate basis for delisting and GMFI would be required to address the Additional Deficiencies before its Appeal Hearing. As at the date of this Announcement, GMFI had addressed the Additional Deficiencies, save for the Additional Deficiencies which requires its shareholders approval at a special meeting
to be held on 5 March 2024.

Following the Appeal Hearing and pending the decision from NASDAQ, GMFI faces the risk of being delisted from NASDAQ, upon which it will no longer maintain its listing status on NASDAQ. In this regards, Capital A has the right to terminate the BCA in the event GMFI is delisted from NASDAQ or trading of GMFI’s listed securities are suspended for more than 1 market day

The only problem with KSL is that all the retain earning is reinvested into land purchase and no dividend for shareholders.

It will help if KYY can persuade the BOD to allocated 20-40% of profit as dividend.

The CAPI shares will be distributed free of charge to capA shareholders.

No cash injection what capA and capA shareholders get is share units of CAPI that will take over the listing status of GMFI

The shareholding of CAPI will be:
CapA 46.1%
Shareholders of capA 47.9%
Shareholders of GMFI 6%

Go and read Insas financial report and tell us how much in current assets especially cash and FD.

After PBA the next waterfall will it be Ranhill?

Know how much AAX pay their creditors as final settlement during their last debts restructure?

The next step is to sell capA aviation to AAX in all shares payment in lieu of cash.

This one will be very difficult because the creditors and lessors will not agree to transfer of debts from capA to AAX.

Addition information from AA newsroom

In addition to the AirAsia brand, CAPI holds the intellectual property rights for 14 other renowned brands and over 224 trademarks spanning 23 countries. CAPI's platform integrates brand strategy, creative marketing and intellectual property development to strategically position its brands and cultivate cultural significance among consumers. The company intends to leverage the brand value of AirAsia through further licensing while implementing its successful strategy to propel and expedite the growth of its intellectual property portfolio.

No cash injection what capA and capA shareholders get is share units of CAPI that will take over the listing status of GMFI

The shareholding of CAPI will be:
CapA 46.1%
Shareholders of capA 47.9%
Shareholders of GMFI 6%

CAPI earning will be 1% aviation revunue minus interest and loan repayment USD 150 million minus admin and management cost.

Leno shoot off mouth INSAS RM 60 RINGGIT is KAMBENGGGGGGGGG AAAAAAAAAA !! become the new joke in Insas forum.

Expected gain arising from the Proposals
The Proposals are not expected to result in a pro forma gain or loss to the Group as a result of the Proposed Brand Disposal.

However, the Proposals are expected to result in a pro forma improvement to theshareholders’ equity of the Group of RM2.49 billion based on the assumptions as set out in Section 7.2.

By giving away/monetised 1% of aviation revenue capA able to improve the shareholders’ equity of the Group by RM2.49 billion. It help but is it enough?

Note: As at 31/9/2023 capA shareholders' equity is negative RM 8,427,155,000

By end of taday you should know the new number as at 31/12/2023.

Know why I bought jayatiasa?

You need to read the financial report: P&L, cash flow and balance sheet. Then you need to monitor the monthly FFB production and CPO daily spot price.

The stock price can just go up or down depend on sentiment but the trend will go up or down denpend on the company quarterly earning.

If reading chart can make you rich then no one need to work anymore.

Since 3iii give a fair value of RM 1.60 for inari. So I actually tell him go and buy insas and indirectly owned inari at far below RM1.60 price and even better take over Insas and get inari for free.

Bravo.
This is how you play with value trap/value stock.
Do not be like leno trapped for 15 years and only want to sell at RM 60.

Ah Thong trap/lock a lot of value inside insas, waiting to be unlocked someday.

Calvintaneng,
KGB look OK but Genetec look suspicious. Please go and warn Genectec investors.

Genetec account with NP of 29% but very poor cash flow look even more likely of fraud
cash generated from/(used in) operating activities: RM 8,082,000
Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
DPS
NAPS
QoQ
YoY
Financial Year: 30-Jun-2024
31-Dec-2023 76,905 25,163 22,854 23,286 29.72% 5.20% 3.07 0.00 0.5900 26.18% 82.54%
30-Sep-2023 72,440 18,747 17,447 18,454 24.08% 4.30% 2.45 0.00 0.5700 6.18% -26.35%

KGB
31-Dec-2023 478,257 46,896 36,204 35,731 7.57% 10.59% 5.54 2.50 0.5233 12.83% 100.42%
30-Sep-2023 401,824 39,142 32,009 31,668 7.97% 10.35% 4.91 0.00 0.4746 66.11% 101.63%
30-Jun-2023 424,913 25,948 20,304 19,064 4.78% 6.98% 2.96 1.50 0.4249 17.77% 40.60%
31-Mar-2023 308,925 21,017 16,616 16,188 5.38% 6.20% 2.52 0.00 0.4060 -9.20% 94.99%
NET CASH FROM OPERATING ACTIVITIES RM168,433,000

Yes, Ah Tong just told his cat tomorrow he will buy Insas. His cat then pass this message to Ah Thong cat and Ah Thong cat told leno tomorrow buy Insas.

Insas drop because Inari result is below expectation.

Insas holding in Inari.
Indirect (units) 527,008,575
Indirect (%) 14.06
Total (units) 527,008,575
Total (%) 14.06
Date of Notice 26-Jan-2024

You can get inari below RM1.60 by investing in Insas.

Repost:
No wonder today we have waterfall day.
HK got The Ting Hai effect and here we have The TTB effect.

KUALA LUMPUR (Feb 27): The ringgit is expected to hit 4.20-4.40 against the US dollar by year-end in view of the US Federal Reserve’s (Fed) likely interest rate cut decision in anticipation of an economic recession in the US this year, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo.

Tan was speaking at a media briefing on the stock market entitled “Is Investing in Malaysia Still Attractive Now?” here on Tuesday

No wonder today we have waterfall day.
HK got The Ting Hai effect and here we have The TTB effect.

KUALA LUMPUR (Feb 27): The ringgit is expected to hit 4.20-4.40 against the US dollar by year-end in view of the US Federal Reserve’s (Fed) likely interest rate cut decision in anticipation of an economic recession in the US this year, said Capital Dynamics Asset Management Sdn Bhd managing director Tan Teng Boo.

Tan was speaking at a media briefing on the stock market entitled “Is Investing in Malaysia Still Attractive Now?” here on Tuesday.

Leno already collected enough Insas-WC at 28.5 sen this morning.
No prize in gueesing what will leno do this aftetnoon.

70% reduction in Kraken FPSO lease rate from 1 April 2025.

nikicheong Guys, the reduction in Kraken FPSO lease rate for the option period is known long ago.

Link: https://www.bursamalaysia.com/market_information/announcements/company...

Simplified calculation:
Firm: USD1,400mil for 8yrs = USD175.00mil/annum
Option: USD924mil for 17yrs = USD54.35mil/annum

54.35/175 = 31.1% (i.e. reduction of 68.9% which matches Enquest's statement)

Note: When the contract runs into the option period, the asset is almost fully depreciated and the loan fully repaid. So while the revenue is 70% lower, the profit margins will be higher, and thus the impact to net profit contribution from Kraken would be lower than 70%.
15/02/2024 3:55 PM

The depreciation for year 2023 RM 333,470,000. Anyone know what is the carrying value for Kraken?
1 April 2025 is just 13 months away.

The cat will be back when Insas-WC break 40 sen.