Good morning KCChong,

Just for information:

Under trade receivables include:
Moneylending subsidiary company : Insas Credit & Leasing Sdn Bhd
Paragraph 8.23(2)(e) Appendix 8D(1) - Aggregate amount of outstanding loans as at 31 December 2023
Category of loan receivables Secured Unsecured Total
RM'000 RM'000 RM'000
(a) Corporations 182,943 84,250 267,193
(b) Individuals 16,979 - 16,979
(c) Corporations within Insas Berhad Group - - -
(d) Related parties - - -
Total 199,922 84,250 284,172

Omesti is not an associate company, it is one of the many financial assets at fair value thro' profit and loss
ASSOCIATE COMPANIES (CONT’D)
(f) The summarised financial information in respect of the Group’s major associate companies are as
follows:-
Inari Amertron Company Group
Ho Hup Construction Berhad Group
Melium Holding Sdn Berhad Group
Divfex Berhad
Other associate companies
Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Financial positions as at 30 June 2023
Assets and liabilities
Non-current assets 528,103 536,203 58,853 12,249 200,905 1,336,313
Current assets 2,438,649 994,312 60,262 66,447 307,968 3,867,638
Non-current liabilities (32,672) (391,067) (35,073) (7,122) (34,046) (499,980)
Current liabilities (331,450) (734,688) (50,060) (40,987) (254,115) (1,411,300)
Net assets 2,602,630 404,760 33,982 30,587 220,712 3,292,671
Carrying amount of proportion of the
Group’s ownership 374,407 18,617 14,646 8,259 96,529 512,458
Goodwill on acquisition 65,251
Total: 577,709

Note: MI is mainly non-controlling interest of M&A
Stock [M&A]: M & A EQUITY HOLDINGS BERHAD
Announcement Date 05-Jul-2023
Reference No CS2-05072023-00007
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
30-Jun-2023 Acquired 10,502,200
Registered Name M & A Nominee (Asing) Sdn Bhd for Montego Assets Limited
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary Shares
Reason Acquisition of shares in the open market.
Total no of securities after change
Direct (units) 206,627,756
Direct (%) 50.49
Indirect (units) 0
Indirect (%) 10.34
Total (units) 1,215,718,665
Total (%) 60.83
Date of Notice 05-Jul-2023

Still need to buy all the WC beside Insas shares. Or you can wait untill WC expired then you make an attempt takeover.
WARRANTS HOLDINGS
as at 29 September 2023
WARRANTS 2021/2026
No. of outstanding warrants : 331,510,380
Exercise price per warrant : RM0.90
Expiry date of warrants : 28 February 2026

Remark: Insas controlling shareholders Dato' Sri Thong and PAC officially hold 32.96%, 0.04% short of triggering 33% threshold of MGO

Just for information:
ASSOCIATE COMPANIES (CONT’D)
(f) The summarised financial information in respect of the Group’s major associate companies are as
follows:-
Inari Amertron Company Group
Ho Hup Construction Berhad Group
Melium Holding Sdn Berhad Group
Divfex Berhad
Other associate companies
Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
Financial positions as at 30 June 2023
Assets and liabilities
Non-current assets 528,103 536,203 58,853 12,249 200,905 1,336,313
Current assets 2,438,649 994,312 60,262 66,447 307,968 3,867,638
Non-current liabilities (32,672) (391,067) (35,073) (7,122) (34,046) (499,980)
Current liabilities (331,450) (734,688) (50,060) (40,987) (254,115) (1,411,300)
Net assets 2,602,630 404,760 33,982 30,587 220,712 3,292,671
Carrying amount of proportion of the
Group’s ownership 374,407 18,617 14,646 8,259 96,529 512,458
Goodwill on acquisition 65,251
Total: 577,709

Looking at the volume trade today on Insas-WC most likely some big sharks collecting WC ready for another push on mother share.

But anyway my previous fair TP is RM 1.50 but today I sold some from RM 1.16 to RM 1.23 take some profit off the table.

Any news.
Most likely people have a second look at all the undervalued or value trap stocks: Insas, OSK and KSL are start to move.

Wonder leno already sold his Insas-WC or not?

Stock : 3379WC - INSAS-WC
Ref No.
Date
Transaction Type
Quantity
Price

116223170 01/12/2023 Brought Forward 450,000 0.1597
117259398 01/01/2024 Brought Forward 450,000 0.1597

So Mike how many figures my book gain on Insas-WC

Do you already cut win your capA?

Mike-tikus,
The correct word is take profit not cut win.

Ular,
Can I sell my Insas-WC?
You have not declare who win the competition between my Insas-WC and Mike-tikus jaks.

Aiyoyo TQVM Mike-tikus how much is Insas-WC now?

Is someone collecting to challenge Dato' Sri Thong and PAC holding of 32.96%?

Ya, just googgle Biden look confused and lost to see you get how many hits?

Know how many secret service in USA to protect Biden and family?

Insas:
Number of shares issued : 663,020,762 (excluding 30,327,291 treasury shares)
One of shareholder pose this question at AGM:
Insas has the following liquid assets of:-
1. Bank deposits and cash RM1,047mil
2. Financial investment assets RM256mil
3. Total cash and investment RM1,303mil
Its loan and preference shares
1. Loans RM242mil
2. Preference shares RM128mil
Total RM370mil
Thus, insas effectively has net liquid cash and investment equivalent of RM933mil or RM1.34 per share, why dividend of insas is a mere 2.5 sen or RM16.6mil payout.

Can you find me any stock in Bursa that selling below cash holding?

I will keep the cash in my trading account to earn interest for month Jan.

I will start buying in Feb those stocks that most likely will give good dividend when announcing Q4 end 31th Dec 2023 financial result.

Hope this time will Insas reach my previous TP of RM 1.50?
By the way I already sold some to take profit.

Most likely insas recent up is because Inari up and insas is really unreasonable undervalued:

Tong Kooi Onn shareholder activist (The Edge Tong portfolio) is positive on Insas every week - top yield performance in his portfolio

This guy is a wizard 🧙 & do have big following

He always say Insas is one of the most undervalued stock on Bursa

Ok.
Managed to sell some at 1.16, 1.17 and still q sell 1.18

TheContrarian,
Can I start selling?

Yes blame everything on Xi to cover own imcompetant, abuse of power and corruption.

DPP government is an authoritarian and corrupt government.

The problems with Taiwan is why when Taiwan shortage of eggs/vaccine and DPP government still forbib import of eggs/vaccine from mainland?

Taiwan has benefited from trade with China and then at the same time badmouth China on trade and blame everything on China and even trying to change history book and enacted espionage law to prevent people to people exchange.

Geary average capA holding cost after 6 years holding is still below RM 0.6

Repost:
Posted by geary > Jan 12, 2024 1:12 PM | Report Abuse

Sslee
Asia Aviation Public Company Limited current market capital is 26.98 BTHB that is why in Q2 capA report an accounting gain on remeasurement of previously held interest in associate RM 1,369.3 million.

Uncle Sslee... analyze not only Income statement... balance sheet n especially the cash flow statement...RM 1,369.3...is negative in cash flow from operations.
Owners Earnings... Positive...!?
Being holdings AA/CapitalA for more than #6 years... average @2.00...capital return from DY...@1.66.
Averaging up...still below #0.60.🤓

Good123,
CapA aviation is still a lose making with cumulative 9 months: Renenue/ASK USD 4.27 cents and Cost/ASK USD 4.82 cents

Q2 and Q3 aviation lose making.
As at 30/6/2023
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents
Average fuel price USD 104 per barrel

As at 30/9/2023
Revenue/ASK: Q3 USD 4.35 cents cumulative 9 months USD 4.27 cents
Cost/ASK: Q3 USD 5.04 cents cumulative 9 months USD 4.82 cents
Cost/ASK ex fuel: Q3 USD 3.07 cents cumulative 9 months USD 2.97 cents
Average fuel price USD 131 per barrel

Stony taken out what is rightfully belong to capA aviation and then dump capA avition to AAX for RM5 B valuation Is that a fair deal?

Capital A International shall be made up of Brand AA Sdn Bhd and Fleet Consolidated Pte Ltd
Both Brand AA and Fleet Consolidated are newly formed subsidiaries and do not have any revenue.

Brand AA is a brand management company. It is the registered proprietor for all the rights under the AirAsia brand.
Under a master brand licensing agreement dated May 31 this year, Brand AA has the right to collect royalty fees from AirAsia Aviation Group Ltd, Capital A’s aviation division.

Fleet Consolidated, meanwhile, will primarily be responsible for the procurement and delivery of the requisite aircraft for the aviation group based on the agreed allocation plan.

The proposed deal is to merge CAPI with Aetherium Acquisition Corp (NASDAQ: GMFI), a Special Purpose Acquisition Company (“SPAC”) listed on the Nasdaq stock exchange for an indicative equity value of United States Dollars (“USD”) 1 billion based on an independent valuation of the AirAsia Brand.

Capital A International intends to generate revenue from brand royalty and the leasing of aircraft. Additionally, it will be involved in tactical acquisition, incubation and partnerships to provide platforms for entrepreneurs.

Geary post below at capA forum.
What AAX shareholders think about below deal?
Is AAX became a scapegoat for CapA to exist PN17?

geary paulthesotong
CapA to merge aviation assets with AAX at RM5 B valuation.; say sources. According to The Edge Weekly.

Ya...rumors of otherwise...more or less around RM 5B. Plus SPAC AA brand 4.5B. Can 'Kaotim'... its Negative Equity of above #8B...!?
We shall wait...until July/Aug...'24.!?
AAX Negative Equity above 33B can magically 'KaoTim'...that time I saw also dare not buy/hold ..buy chance run away!?
Most of the time opportunity, can have anxiety...but your calculative allocations, processes, etc...how much money u are prepared to 'Wager'...🙏🤓
14/01/2024 8:26 PM

So may I say the answer is yes US meddle in ROC president election.

Posted by Jefftan123 > Jan 15, 2024 8:24 AM | Report Abuse

Vice president-elect Hsiao Bi-khim, the former de facto ambassador to Washington, has been dubbed the "best U.S. expert from Taiwan." She is also the island's first-ever vice president not born on the island.

Hahaha,
Mike-tikus your Jaks and CapA now how many figures book gain?

Is US or China meddle in ROC president election?

William Lai questioned "Is treating the R.O.C. as the sacred mountain of cross-strait relations meant to promote peace or bring disaster to Taiwan?"

Later, in a press conference after the debate, Mr. Lai clarified that it was a slip of the tongue when he said the "R.O.C." instead of the “R.O.C. Constitution."

So now can you believe the same person who question the ROC constitution will uphold the ROC constitution?

"So according to the constitutional order of the Republic of China, I will conduct cross strait affairs according to that system, so that cross strait relations can return to a healthy and sustainable way of exchanges."

When Mike-tikus come in and promote Jaks with his misleading cut and paste facts and figures as what he had done with PA. He leave me with no choice but to cut win my jaks for my free bintang beer and rebut him what is really happen in jaks and ALP is a terrible CEO reward himself with multi-million of free grant shares and every year either PP or RI.

As of why I bought back Insas-WC is because the last time Mike-tikus promote PA, Insas-WC shoot past PA and I earned 6 figures gain. So this time round I hope to earn another 6 figures gain when Insas-WC shoot past jaks hence my TQVM.

Anyhow it take more than 6 months for WC to overtake jaks. Mike-tikus must has lose some of his golden magic touch.

China now start to grant visa free visit so that more people can visit China to see China as what it is now and also to earn tourist money.

The one-China principle/policy is a basic norm in international relations, a prevailing consensus among the international community and UN.

This is what US position on Taiwan:

The United States switched diplomatic recognition from Taipei to Beijing in 1979 and has long said it does not support a formal declaration of independence by Taiwan. It does, however, maintain unofficial relations with the self-governed island and remains its most important backer and arms supplier.

Is India democracy brought peace, progress, poverty eradication, health care and protection of minority interest or the rich get richer and poor get poorer?

The value of the rich get richer and poor get poorer.

So defenders of democracy value, what values do you want to defend?

Posted by Jefftan123 > Jan 14, 2024 8:42 PM | Report Abuse
What a joke u call Malaysia a democracy system under Tun M.🤣🤣

Yes democracy is a joke. Can be easily bought over by money, girl and power.🤑😪

Tun M is a known dictotor for 22 years and 22 months. That the beauty of democracy system.

Democracy???
Many polls result showned 60% want to oust DPP government, they see DPP government as corrupt, authoritarian and risking a war with China.

Foreign Ministry Spokesperson’s Remarks on US State Department’s Statement on the Election in China’s Taiwan Region
2024-01-14 15:34

The US State Department’s statement on the election in China’s Taiwan region seriously violates the one-China principle and the three China-US joint communiqués, and goes against the US’ own political commitment to maintaining only cultural, commercial, and other unofficial relations with the people of Taiwan. It also sends a gravely wrong signal to the “Taiwan independence” separatist forces. We strongly deplore and firmly oppose this, and have made serious representations to the US side.

The Taiwan question is at the very core of China’s core interests and the first red line that must not be crossed in China-US relations. The one-China principle is a basic norm in international relations, a prevailing consensus among the international community, and the political foundation of China-US relations. China firmly opposes the US having any form of official interaction with Taiwan and interfering in Taiwan affairs in any way or under any pretext. We urge the US to earnestly abide by the one-China principle and the three China-US joint communiqués and act seriously in accordance with the commitments that have been reaffirmed multiple times by the US leaders to not supporting “Taiwan independence”, “two Chinas” or “one China, one Taiwan”, and not seeking to use the Taiwan question as a tool to contain China. We urge the US to stop interactions of an official nature with Taiwan and stop sending any wrong signal to the separatist forces for “Taiwan independence”.

What is the Status Quo?
US: One China policy
China: One China Principle and Taiwan is an inalienable part of China

Or
The DPP does not acknowledge the One China principle, which sees Taiwan as part of greater China

Or the history status quo
CCP and KMT is still at civil war

Form over substance.
Democracy in form but authoritarian in hijacking the whole Taiwan
(40% + 60%) into a war path with China.

America's dangerous friends
America's enemies are becoming more dangerous, but even its friends could drag it into expanded conflicts this year.

1. Volodymyr Zelensky
2. Benjamin Netanyahu
3. William Lai

Now you should know what it mean by if you have friends like these, who needs enemies?

Putin was elected by an election one man/woman one vote then why people still labelled Putin as dictator?

Many Polls conducted before election show 60% want to kick out DPP from government for corruption, authoritarian and risking a war with China.

So should we respect the 60%.

Can I also conclude the result show the flaw of Taiwan's democratic system where the 40% rule over the other 60%?

Only 40% of voters vote for DPP, may I ask how you concluded: The result shows voters backing the DPP’s view that Taiwan is a de facto sovereign nation that should bolster defenses against China’s threats and deepen relations with fellow democratic countries, even if that means economic punishment or military intimidation by Beijing?

This is what US position on Taiwan:

The United States switched diplomatic recognition from Taipei to Beijing in 1979 and has long said it does not support a formal declaration of independence by Taiwan. It does, however, maintain unofficial relations with the self-governed island and remains its most important backer and arms supplier.

WASHINGTON, Jan 13 (Reuters) - U.S. President Joe Biden said on Saturday the United States does not support the independence of Taiwan, after Taiwanese voters rebuffed China and gave the ruling party a third presidential term.