I3 is not just for investment but also a place for talking cock, talking politic, lepak, cursing and etc.

Stony make a mistake of thinking disposal of capA' aviation to AAX will allowed capA to exist PN17.

The move had resulted in advisors/valuer to properly value capitalA' aviation net worth.
That is valution based on future net profit minus the net liabilities that going to be transfered to AAX.
So what will be the net worth of capA' aviation?

Kenanga Research said based on its financial year 2024 net profit of RM250mil for Capital A’s airlines business and applying low-cost carriers’ peer one-year forward price earnings ratio of between seven times and 14 times, the indicative valuation works out to between RM1.8bil and RM3.5bil.

Following several years of significant investment in production capacity in China, a perfect storm is hitting the chemicals market, as increased global capacity meets weakening demand. The global oversupply of petrochemicals is expected to hit a record 218m tonnes in 20231 and China is continuing to add capacity, with almost 140m tonnes expected to come onstream in 2023, well in excess of previous years.

Against the backdrop of a worsening macroeconomic outlook and a strong US dollar, chemical market participants are having to contend with an unprecedented level of uncertainty within the industry.

Huge pressure to close petrochemical plants as global overcapacity grows
Will Beacham

07-Nov-2023

BARCELONA (ICIS)–As waves of new capacity come onstream in China and the Middle East, stagnant demand growth and falling margins are increasing pressure on chemical companies to permanently close older facilities.

Wave of oil-to-chemicals projects will flood market
Global operating rates forecast at 80% to 2030, from 88% long term average
Huge pressure on non-integrated/high-cost facilities to close
More plant closures could be driven by high costs, low demand, decarbonization
High closure costs include environmental cleanup, redundancy payments
Upstream integration to refineries prevents closures
Chemical industry could reinvent itself as service provider
Q3 Europe margins low or negative
Q4 margins improve as oil prices fall
No sign of improvement in downstream demand

Huge pressure to close petrochemical plants as global overcapacity grows
Will Beacham

07-Nov-2023

BARCELONA (ICIS)–As waves of new capacity come onstream in China and the Middle East, stagnant demand growth and falling margins are increasing pressure on chemical companies to permanently close older facilities.

Wave of oil-to-chemicals projects will flood market
Global operating rates forecast at 80% to 2030, from 88% long term average
Huge pressure on non-integrated/high-cost facilities to close
More plant closures could be driven by high costs, low demand, decarbonization
High closure costs include environmental cleanup, redundancy payments
Upstream integration to refineries prevents closures
Chemical industry could reinvent itself as service provider
Q3 Europe margins low or negative
Q4 margins improve as oil prices fall
No sign of improvement in downstream demand

Know who are the lenders and borrowers of shares for RSS?

To boost retail participation in the domestic market, Bursa Malaysia and Affin Hwang Investment Bank Bhd teamed up in January to launch the first SBL facility for retail investors. Through this facility, retail investors are able to lend securities that they own but do not intend to sell immediately to Affin Hwang, which serves as the borrower.

Borrowers are typically large financial institutions such as prime brokers and hedge funds while lenders are generally large institutional investors such as pension and sovereign wealth funds.

If only you bought Tesla at beginning of year 2023 instead of BYD how much will be your ROI at end of 2023?

Posted by Mabel > Jan 10, 2024 9:10 AM | Report Abuse
Mabel is waiting patiently at 80 sen...
Hopefully some nice Uncles and Aunties will sell today...
Meow

So mabel buy at 80 sen and cut lose at 79 sen

Mabel release all at 79 and collected back at 74 sen..

The short sellers must buy back and return the shares they borrowed within three market days, or face penalties from the exchange. The number of shares they must buy back depends on the market conditions and their risk appetite.

Fact check.
Mabel release/should be cut lose all at 79 and collected back at 74 sen.

The short sellers must buy back and return the shares they borrowed within three market days.
False.
The SBL mechanism allows, say, a borrower who expects the price of a stock to fall to hold a short position for a prescribed duration. The borrower immediately sells the securities in the hope of profiting from the sale and buys them back later when price falls.

During this period, ownership of the securities is provisionally transferred to the borrower, who pays all dividends due to the lender. The lender also receives an agreed-upon fee — which is usually an annualised percentage of the value of the loaned securities — from the borrower. The securities are returned to the lender at the end of the deal.

The Edge Financial Daily quoted Affin Hwang’s SBL equity finance senior associate director Karu Ramesh Kumar as saying that retail investors could earn interest income of 0.5% to 12% per year, depending on the supply of and demand for the stocks they own.

qqq3,
How much you lose on China and HK market last year?

I make my comments here to remind all i3bloggers to take resposibility on what they wrote when promoting stocks in i3.

Veteran like stockraider can even daydreaming about his netx: "I dreamed i saw a big screen showing Netx is price Rm 1.00
then i checkTo my cds there is 2.62m of netx
and the warrant cds there was 1.31m at 90 sen
i key & filled my netx sell orders they matched at 2.62m share at rm 1.04
i key & filled my netx-w 1.31m & that was matched at 95 sen
And 3 days later & go to the bank there is rm 3.96m showing in my bank account"

That can only mean either calvintaneng writting on Netx is very convincing or stockraider is too naive.

Remember always take any stock recommendation by i3blogger with a pinch of salt.

TIticamara Is there a huge activist fund buying? Vol is there.
11/01/2024 3:44 PM

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

qqq3 only do the introduction.
KYY was misled by Jaks ALP and Sendai TAN SRI DATO' A K NATHAN ELUMALAY

I do not have a deep pocket and I can only reasoning with BOD to give better dividend year after year.

Anyway Insas is unreasonably undervalued.

Aiyoyo Mike-tikus today closing my Insas-WC already overtake Jaks. When will my Armada also overtake capA?

Maybe share buy back is coming.

However, the Board will pursue the proposal for the waiver of MGO with the major shareholders and evaluate the process of share buyback with a view to enhance shareholders’ value. The Board will announce the waiver application as soon as such notice is received. The waiver application will be subjected to the approval of the relevant authorities and non-interested shareholders of the Company at an extraordinary general meeting to be held.

geary Mabel:
That way you can be well prepared. Summing up of CapitalA:
S2: 0.74.
S1: 0.79.
PIVOT: 0.82.
R1: 0.85.
R2: 0.89.
Roughly #7.2% weekly capital return...if you just want to trade instead of investing.
Captain Mabel Meow!
Simple advice...don't predict the price movements...u must react accordingly...cut-loss/cut-win... percentage trading processes.🙏
10/01/2024 8:38 PM

Will it break the S2 cut loss support level of 0.74?

A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.

Dispose off capA aviation to AAX (a newly debts restructure paying 0.5 cents for every dollar owed, capital reduction and 10 to 1 share consolidation and a recent exist PN17 company) in order for capA to exist PN17 is like telling the whole world capA aviation is sucks and Stony failure to get super rich white knight (super rich middle east investors) to inject in new capital to capA.

As I said I was naive then and I did not cut loss as I thought Bursa and SC is there to protect my interest.

Nowadays I will be the first one to run fast fast if I smell something rotten.

You need to do something like shareholder activism so that everyone Bursa, SC, external auditor, IPO and RI advisor/IB and independent directors no more sleeping on the job and carried out their due diligence and fiduciary duty.

I was naive at that time and thought Bursa, SC, external auditor, IPO and RI advisor/IB and independent directors are there to do their due diligence and fiduciary duty in protecting the interest of minority shareholders.

How wrong can I be, all of them are sleeping on the job and dance to the major shareholder/CEO tune.

Kenanga Research said based on its financial year 2024 net profit of RM250mil for Capital A’s airlines business and applying low-cost carriers’ peer one-year forward price earnings ratio of between seven times and 14 times, the indicative valuation works out to between RM1.8bil and RM3.5bil.

The flaw on the above valuation is, it only look at forward net profit but ignored the accumulated losses or negative equity in the book.

So if forward net profit is RM 250 million per year it will take how many years to clear the debts/liabilities?

By remembering your failure then only you will not repeat the same mistake.

It is normal for people to only remember your failure and not your success.

And for my self I only remember my failure on Xingquan.

The only problem about the deal is will AAX take the bait hook line and sinker?

Yes not just save 700m lease payment every quarter but also all the debts and liabilities inside capA aviation will be transferred to AAX.

And also can charge AAX for AA Brand royalty fees.

Previously capA already sold all the planes under wholly owned lessor company to outsider lessors to pay fat divided to shareholders.

Now capA do not have any planes and planes lease payment to lessors is now RM700 million per quarter and increasing.

By the way AAX do not have money and can't borrow big money thus the deal if materialised will be all shares deal. Pay in AAX share in lieu of cash payment.

The BOD is in a very difficult position as they know the reasons given for not giving a better dividend are weak and unresonable. But they cannot do anything as the decision is from controlling shareholder Dato' Sri Thong.

As of why the controlling shareholder Dato Sri Thong with PAC (his brother and family members) holding 32.96% Insas like to keep the dividend low and thus share price of Insas low is a mystery to me.

Maybe the only hope for Insas is a deep pocket share activist come in and take over Insas.

The Board has not received any notice from any major shareholders and PAC on the proposed waiver application. However, the Board will pursue the proposal for the waiver of MGO with the major shareholders and evaluate the process of share buyback with a view to enhance shareholders’ value. The Board will announce the waiver application as soon as such notice is received. The waiver application will be subjected to the approval of the relevant authorities and non-interested shareholders of the Company at an extraordinary general meeting to be held.

My sincere thanks to all the shareholders who attended the AGM and keep pressure on BOD for a better dividend.

Will see what will be the next dividend amount?

We expect FY2024 to be another tough and challenging year due to numerous global and domestic negative factors such as inflation risk, rising borrowing costs, rising costs of living, the on-going Russian-Ukraine war and the Israel-Palestine conflict. The prudent and conservative approach of the management and the Board in maintaining sufficient cash reserves to meet the funding requirements of key business unit such as moneylending and investment divisions, and also provide flexibility for the Group to invest in good investment opportunities that may come along.

The Board, after careful consideration, has proposed to maintain a stable 2.5 sen cash dividend per ordinary share which will provide a reasonable dividend yield of 2.8% at current market price, and to preserve and reinvest the retained earnings for the long-term growth of the Company, for prudent and cautious financial management practices and to safeguard against the global economic uncertainties

As stated in Question 10, the Board will review and evaluate the financial performance, the availability of free cash and funding commitments of the Group & the Company and the global economic outlooks for the next 1 year before deciding any additional dividend that may be proposed and declared by the Company

I just can't stand people misinterpret the number with their vested interest as fact.

I update the number every quarter when the quarterly result is out?

Only stockraider winning two Myvi betting on Netx RI the rest 99% all lose their pants betting on Netx

Dreamer of the year award:
1. Stockraider: I Had the Strangest Dream of Netx. By the way he already cut win with profit of 2 new Myvi.

Posted by stockraider > Nov 3, 2020 10:36 AM | Report Abuse
Last Night I Had the Strangest Dream of Netx;
Last night I had the strangest dream
I never dreamed before
I dreamed i saw a big screen showing Netx is price Rm 1.00
then i checkTo my cds there is 2.62m of netx
and the warrant cds there was 1.31m at 90 sen
i key & filled my netx sell orders they matched at 2.62m share at rm 1.04
i key & filled my netx-w 1.31m & that was matched at 95 sen
And 3 days later & go to the bank there is rm 3.96m showing in my bank account

1st batch of Capital A at 80 sen is now secured. Now waiting to collect at 79.5, 79 etc . That will be the job for Mabel AI trading platform to secure that for Mabel. My trading is done today as far as KLSE is concern..

To Our Success !
Captain Mabel Meow
10/01/2024 9:53 AM

So what will Mabel' AI trading platform do tomorrow?
Average down or cut loss?
geary any advise?

Like everything we do in life, it’s all in how it is executed. Even the famed tool of the value investor, the discounted cash flow method, is useless if used incorrectly.

The hard part is that we never know one key, crucial component when investing: the future.
That’s why knowing how to use technical analysis is important.
It helps you understand what may be about to happen based on patterns of the past.

That way you can be well prepared!
👍🤓
10/01/2024 12:36 PM

So Mabel how many lot you bought at 80 cents?

Mabel Mabel is waiting patiently at 80 sen...
Hopefully some nice Uncles and Aunties will sell today...
Meow
10/01/2024 9:10 AM

In quarter 3 end 30 Sept 2023 capA acquisition of a loss making subsidiary PAA for undisclosed sum and result in gain in Intangible assets RM 3,943 million in the balance sheet but negative billion of non-controlling interests equity transfered to shareholders' equity.

Can PAA compete with Cebu Air in Philippine?

Jan 9, 2024,01:40am EST
Cebu Air—the Philippine budget carrier controlled by Lance Gokongwei and his family’s JG Summit—is in talks to order 150 planes worth about $18 billion from Airbus and Boeing as it seeks to upgrade and expand its fleet amid a post-pandemic travel boom.

Negotiations are ongoing for what would be the single biggest plane purchase by a Philippine airline, Cebu Air said Monday, confirming an earlier report by the Philippine Star. It hopes to place the order within the first half of this year

Repost:
The sky is now crowded with many low cost airlines compare with when Stony just starting the AA. AA is now loaded with debts, accumulated losses RM 10,331 million and the lease payment is now RM700 million and increasing per quarter.

Come 2024 need to pay addition loyalty fees to Brand AA
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.

2024 will be a survival or bankrupt year for AA or should I say AAX since Stony capA' plan to exit PN17 is to dispose CapA's aviation to AAX.

The sky is now crowded with many low cost airlines compare with when Stony just starting the AA. AA is now loaded with debts, accumulated losses RM 10,331 million and the lease payment is now RM700 million and increasing per quarter.

Come 2024 need to pay addition loyalty fees to Brand AA
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.

2024 will be a survival or bankrupt year for AA or should I say AAX since Stony capA' plan to exit PN17 is to dispose CapA's aviation to AAX.

For jayatiasa you can estimate what will be quarter end 31 Dec 2023 financial result.

Disclosure On Quarterly Production
JAYA TIASA HOLDINGS BHD
Production figures for current quarter and year to date
Individual Quarter (quarter) Cumulative Period
Current Year Quarter Preceding Year Corresponding Quarter Changes
(Amount / %) Current Year To - Date Preceding Year Corresponding Period Changes
(Amount / %)
31 December 2023 31 December 2022 31 December 2023 31 December 2022
PLANTATION
Crude Palm Oil (MT) 69,092.00
53,154.00
30.00
219,868.00
161,183.00
36.00

Fresh Fruits Bunches (MT) 345,778.00
264,967.00
30.00
1,120,526.00
868,557.00
29.00

Palm Kernel (MT) 16,094.00
12,596.00
28.00
50,969.00
36,561.00
39.00

TIMBER
Log Production Volume (Cubic Metres) 27,582.00
25,273.00
9.00
75,823.00
91,042.00
-17.00

Production figures for current quarter compared with immediate preceding quarter
Current Quarter Immediate Preceding Quarter Changes
(Amount / %)
31 December 2023 30 September 2023
PLANTATION
Crude Palm Oil (MT) 69,092.00
70,529.00
-2.00

Fresh Fruits Bunches (MT) 345,778.00
359,740.00
-4.00

Palm Kernel (MT) 16,094.00
16,674.00
-3.00

TIMBER
Log Production Volume (Cubic Metres) 27,582.00
8,577.00
222.00


Remarks :
This announcement is dated 9 January 2024.

I would love to have KSL if only the three brothers care to pay dividend

I have Insas, OSK, Jayatiasa, Armada and Pantech
Insas and OSK asset play + dividend
Jayatiasa turnaround with dividend
Armada speculative cyclical play for trading to earn my free bintang beer and lobster
Pantech slow growth with dividend

paulthesotong Let ask The Taxi Driver!
09/01/2024 11:31 AM

Why need to ask the driver when you can read the financial report?

THIRD QUARTER REPORT ENDED 30 SEPTEMBER 2023
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
22. Lease liabilities
The lease liabilities amounting to RM18.9 billion includes deferred aircraft leases of approximately RM2.4 billion. The lease liabilities are supported by ROU assets of RM11.9 billion.

The Group had completed the restructuring of a total of 160 aircraft leases up to the date of this report including the waiver of lease rentals in arrears, as well as reducing future lease rates with a corresponding longer lease term, where necessary, and return of aircraft.

The Taxi Driver has no single plane. All the planes belong to lessors.

When will Dato' Sri Thong learn the lesson: 没有舍 就没有得

I had been fighting to get a better dividend than 2.5 sen to no avail.

OSK already move far ahead

I will take my hat off and salute Stony if Stony can pull out the magic rabbit (getting the below approval) from his magic hat.

The Definite SSPA Will be Subject To:

a. Shareholder approvals for the proposed disposals and other corporate exercise, which may include a proposed distribution-inspecie of part of the consideration shares to the shareholders of Capital A;

b. Approval of RCUIDS Holders;

c. Approval/consent of the relevant authorities, financiers/lenders or any third parties as may be necessary, being obtained by Capital A;

d. The Completion of the Pre-completion Restructuring;

e. The Sanction of the High Court of Malaya;

f. The Approval of the Shareholders of AAX;

g. Such other terms to be negotiated and agreed upon by the parties in the definitive agreement.

Repost:
15-Dec-2023 RESIGNATION Chairman YM TUNKU DATO MAHMOOD FAWZY BIN TUNKU MUHIYIDDIN View Detail
15-Dec-2023 RESIGNATION Director ENCIK AHMAD AL FAROUK BIN AHMAD KAMAL View Detail


When a company is on the brink of insolvency, directors ought to consider different stakeholders such as shareholders, creditors, and employees during the exercise of interest balancing. The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.

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


Sslee
3413 posts
Posted by Sslee > Jan 9, 2024 8:07 AM | Report Abuse X

AAX will default on current liabilities if capA liabilities is transfered to AAX.
You need a white knight with deep pocket to save a PN 17 company. And AAX do not has any money.

AAX will be a scapegoat for Stony and all the AAX directors will commit an offend under companies ACtT2016 section 539 and 540.

AAX will default on current liabilities if capA liabilities is transfered to AAX.
You need a white knight with deep pocket to save a PN 17 company. And AAX do not has any money.

AAX will be a scapegoat for Stony and all the AAX directors will commit an offend under companies ACtT2016 section 539 and 540.