Insas is unreasonable undervalued.
At RM 0.89
The price/NAPS is 0.25
PE based on annualized last two quarter EPS is 5.563

I am disappointed with Insas for not increasing the dividend payout. I will wait for the publication of AGM key matter discussed at Insas website before sending in AGM follow up questions.

Armada at RM 0.51
Price/NAPS is 0.51
Annualized PE based on last two quarters EPS is 5.09
Will still perform well for next 6 months ROI.

https://klse.i3investor.com/blogs/Sslee_blog/2023-12-15-story-h-212372040-6_months_12_months_and_18_months_ROI_contest_part_II.jsp

6 months (15 June 2023 - 15 Dec 2023) ROI contest result:
Top 3
1. OTB YTLPOWER ROI: 93.41%
2. CALVINTANENG JAYATIASA ROI: 44.50%
3. PHILIP HARTALEGA ROI: 20.63%

https://klse.i3investor.com/blogs/Sslee_blog/2023-12-15-story-h-212372040-6_months_12_months_and_18_months_ROI_contest_part_II.jsp

6 months (15 June 2023 - 15 Dec 2023) ROI contest result:
Top 3
1. OTB YTLPOWER ROI: 93.41%
2. CALVINTANENG JAYATIASA ROI: 44.50%
3. PHILIP HARTALEGA ROI: 20.63%

https://klse.i3investor.com/blogs/Sslee_blog/2023-12-15-story-h-212372040-6_months_12_months_and_18_months_ROI_contest_part_II.jsp

6 months (15 June 2023 - 15 Dec 2023) ROI contest result:
Top 3
1. OTB YTLPOWER ROI: 93.41%
2. CALVINTANENG JAYATIASA ROI: 44.50%
3. PHILIP HARTALEGA ROI: 20.63%

The figures as per below capA 12 months extension from jan 2023 to 31th Dec 2023.
Net current liabialities increase from begining of year
Net current liabilities: RM (8,509,066,000) to as at 30/9/2023
Net current liabilities: RM (12,527,863,000)

As at 31/12/2022 Capital A
Current assets: RM 1,768,954,000
Current liabilities: RM 10,278,023,000
Net current liabilities: RM (8,509,066,000)
Shareholders’ equity RM (5,725,093,000)
Non-controlling interest: RM (3,791,865,000)
Total equity: RM (9,516,958,000)

As at 31/3/2023 Capital A
Current assets: RM 1,978,599,000
Current liabilities: RM 10,503,495,000
Net current liabilities: RM (8,524,896,000)
Shareholders’ equity RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity: RM (9,376,200,000)

As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)
Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Will depend on whether jaks can get the bank loan for the additional 10% stake JHDP.

Go buy KSL. KYY favorite most undervalued property stock.

Sapura Energy Berhad (“Sapura Energy” or “the Company”) has received written confirmation from the Corporate Debt Restructuring Committee (“CDRC”) that at least seventy-five percent (75%) of the financiers of its approximately RM 10.3 billion in Multi-Currency Financing Facilities (“MCF Financiers”) have provided the requisite approval-in-principle for a proposed debt restructuring scheme (“PRS”)

Can anyone share the detail of proposed debt restructuring scheme (“PRS”)?

Waiting to see what TF can pull out from his magic hat in the next few weeks to submit PN17 regularisation plan and to raise cash to avoid default on Net current liabilities of RM (12,527,863,000)

Posted by paulthesotong > Dec 13, 2023 10:17 AM | Report Abuse
" The value we created is not showing in the share price but k the next few weeks people will see the incredible machine we built" TF

You must be joking only in Malaysia a PN17 with below Balance Sheet:
As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Still value at:
Market Cap: 3,659 Million
NOSH: 4,255 Million

Dear all,

I3 stands for:
Independent, Intelligent, Informed.

I3investor as an independent portal, has enable people from many different background, culture, experience, age group to contribute their unique opinion, philosophy, strategy and information that have benefited many i3 readers so that they can make an intelligent and informed decision on how to manage their own risk and investment portfolio.

But sadly i3 is now a toxis place for propagation of hatred/slander/malafide by irresponsible people.

Quarter end 30/09/23: Cumulative 9 months
RM: RM
Depreciation on right of use assets: (444,404,000): (1,124,591,000)
Finance cost -lease liabilities: (251,274,000): (656,333,000)

CapA is now like a taxi driver, driving a rental car from a taxi company.
How many passangers a taxi driver must picked up to pay for the car rental before he can earned a living?

For capA even last quarter 89% load factor is still a loss making quarter.

Or next RI at 12 sen with free warrants.

Repost as gentle reminder:
Without debts restructure technically CapA is a bankrupt company, manage to stay afloat by more borrowing, sales in advance and rollover of lease/others liabilities.

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

CapA/Stony are desperate to raise below borrowing and cash to keep CapA afloat for another year

25 Oct 2023 02:28 PM: Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday

Friday, 13 Oct 2023: KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

Tuesday, 03 Oct 20236:46 PM MYT
KUALA LUMPUR: AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircrafts and engine maintenance costs.

"The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

UPDATED 8 MAR 2023, 3:38 PM SGT

Malaysia’s indigenous Malays are losing political influence and the country may become like neighbouring Singapore, with a non-Malay prime minister in charge, when the next election comes around, said former Malaysian premier Mahathir Mohamad.

Speaking at a dialogue in Putrajaya alongside other guest politicians on Saturday, he said Malaysian Malays’ “economic control has been gone for a long time”, and they now risked losing their political power as well.

Malaysia could become like Singapore within the next two elections, Tun Dr Mahathir said, according to Malaysian media.

So many desperados...comments...but Price still cannot Limit Down...to...YTD lowest @0.65

It look like many people still believe Stony or have their faith on IBs report rather than their own understanding on basic financial accounting.

"Balance sheet as at end-3Q23 in a net debt position of MYR3.72b if ex-finance lease liabilities"
Is Maybabk trying to imply capA do not need to pay the lease liabialities?

It look like the only thing that will cause limit down is Bursa SC suspend and delist capA for failing to submit PN 17 regularisation plan .

Fernandes said 92% of their domestic flights consisted of low-season airfares, adding deal flights were also offered throughout the year.

"But also have a heart on us, we lost RM4bil last year (and) last quarter we lost RM400mil.

How much did Singapore Airlines earned last year and last quarter?
The question that beg to be answered why AA keep losing money wherease Singapore Airline can't stop earning money?

I think Jayatiasa paid a fair price for 55% equity WHD (owner of a piece of leasehold land with an area of 5,967.10 hectares)

Remember what price did boustead plantion paid for duta land plantation land?
KUALA LUMPUR (Oct 6): Boustead Plantations Bhd's proposed acquisition of 42 parcels of plantation land in Sabah measuring a collective 11,600ha for RM750 million has been accepted by vendor Pertama Land & Development Sdn Bhd, a subsidiary of DutaLand Bhd.

WHD owns a piece of leasehold land with an area of 5,967.10 hectares at Lot 108
Block 14 Bruit Land District, which is located at Mukah Division, Sarawak (“Land”).
WHD entered into a joint venture agreement dated 27 July 2004 and supplementary
agreement dated 2 January 2023 (collectively, “JVA”) with Erajaya, a wholly-owned
subsidiary of JTH, to jointly develop the said Land into oil palm plantation.
Please refer to Appendix I of this Announcement for information on WHD.

2.3 Basis and justification of arriving at the Purchase Consideration
The Purchase Consideration of RM52,250,000 for the 55.00% equity interest in WHD
was arrived at on a ‘willing-buyer willing-seller’ basis and after taking into
consideration the following:
(i) the market value of the Land as appraised by Henry Butcher Malaysia (Miri)
Sdn Bhd (“Valuer”) vide its valuation report dated 27 March 2023 (“Valuation
Report”) of RM96,000,000, which amounts to RM52,800,000 based on
55.00% equity interest;

KYY used to be able to single handedly move the share price because he can buy share in hundred of million using margin account.
But not any more after he lost 90% of his wealth in Dayang. And in fact nowadays people start selling when KYY say buy.

CapA do not have any tangible assets to sell to raise cash hence come up with this listing of yet to generate revenue intangible assets to raise cash:

Capital A had announced earlier this month that it plans to float its AirAsia brand royalty business and aircraft leasing unit in the US through a Nasdaq-listed special purpose acquisition company named Aetherium Acquisition Corp (GMFI) as part of its plans to regularise its financials. The group is seeking an indicative valuation of US$1 billion for the listing exercise.

Post removed.Why?

You are welcome to join by giving one of your pick stock and I will update to the list for the next 6 month result due on 14 June 2024.

The purpose of the stock pick competition is to learn what has change during the six months time that cause the top two to outperform others.

Caveat emptor is a neo-Latin phrase meaning "let the buyer beware." It is a principle of contract law in many jurisdictions that places the onus on the buyer to perform due diligence before making a purchase. As oppose to:

Caveat venditor a neo-Latin phrase meaning "let the seller beware." It is a principle of contract law in many jurisdictions that places the onus on the seller to perform due diligence before making a sale.

In stocks market investing, the caveat emptor concept of contract law was forced onto ordinary investors that places the onus on the ordinary investors to perform due diligence before making transactions knowing very well that ordinary investor are subjected to information asymmetry hazard. (Poor quality of disclosure provided by the listed company and poor due diligence by Investment banker)

This asymmetry creates an imbalance of power in transactions, which can sometimes causes the transactions to go awry, a kind of market failure in the worst case involve insider fraud, accounting fraud, insider trading, IPO/RI promoter/underwriter (Investment bank failure in their due diligence), pump and dump and etc.

In Malaysia, Bursa Malaysia is mandated to operate the stock exchange as a commercially driven, public-listed entity. It is also mandated by Listing/Regulation/Disclosure Act as the front-line market regulator policing public-listed companies and market intermediaries. Perhaps these two mandate clash and give rise to conflict of interest as many of Bursa’s decisions on approval, suspension, delisting and waive seem indulging in excessive corporate abuse for the benefits of controlling shareholders.

On the other hand, SC is mandated under CAPITAL MARKETS AND SERVICES ACT 2007 to initiate investigation and prosecute offender under the Act are normally will act only if investing public make complaint with some initial evident of offenses committed by the offenders..

In order to make Bursa Malaysia the choice of investor and capital market something needs to be done by Bursa and SC to ensure high level of trust and integrity among their public-listed companies and to be seen in going after those who break the rules with the full force of the law. Only then the confidence and the crowd will return. As investors, what we can do now while waiting for the confidence to return is to attend the AGM and demand good governance and transparency from the BOD

By the way MSC did not perform because Tin price remain stangnant and did not shoot up the roof as one expect it to be due to some countries remour banning export of tin.

As for Insas I expect a higher dividend but it did not materialize.

By the end of thiscweek we will know who is the winner of 6 months ROI.
OTB and calvintaneng most likely the winner and first runner up

6 months, 12 months and 18 months ROI. All are welcome.

Number: Contester ID: Stock picked: Price at 15/6/2023
1: Professor 3iii: PBB: RM 3.85
2. Sslee : INSAS: RM 0.835
3; qqq47660 : DNEX: RM 0.52
4: Income : TOMEI: RM 1.08
5: calvintaneng : JAYA TIASA: RM 0.645
6: STony: CAPITALA: RM 0.80
7: speakup: CMSB: RM 1.06
8: Felix888: ARMADA: RM 0.440
9: STUDY 1: PCHEM: RM 6.25
10: OTB: YTLPOWR: RM 1.29
11: StartOfTheBull : MSC: RM 2.02
12: STUDY 2: PETRONM: RM 4.98
13. Choivo Favorite: TIMCOM: RM 5.10
14. Philip ( buy what you understand): HARTA: RM 2.23

Patience is a virtue that is wny Bursa SC allowed capA to postpone submitting the PN17 regularisation plan from Jan 2023 to July 2023 to Oct 2023 and now to 31th Dec 2023.

When will Bursa SC run out of patience with capA?

So someone ego will now forced him dumb dumb hold his capA and Jaks till kingdom come.

KUALA LUMPUR: Singaporeans topped the list of 26 million tourist arrivals to Malaysia, according to the Immigration Department’s latest statistics recorded from Jan 1 to Nov 15, 2023.

Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing said he hoped tourist arrivals will continue to increase following the implementation of the 30-day visa exemption for travellers from China and India from Dec 1.

"So, we hope for the best and that we can increase the number of tourists, especially after Prime Minister Datuk Seri Anwar Ibrahim announced visa exemptions for China and India for 30 days beginning Dec 1," he told the media after the Malaysia Batik Day Celebration walkabout session at the Kuala Lumpur Craft Complex here Saturday (Dec 3).

According to statistics released, the most number of tourists were from Singapore at 12,645,364 tourists, followed by Indonesia (3,166,295), Thailand (2,073,162), China (1,407,471), Brunei (904,841), and India (780,532) while the rest are from other countries.

Mike-tikus should now swap capA to YTL otherwise his book gain will become book loss soon.

What the author trying to acheive by bringing political/personal hatred to i3?

Will it make us a better investor?

Someone lose in jaks untill gone crazy to imply WB ard 42 % is converted.

Capital A had announced earlier this month that it plans to float its AirAsia brand royalty business and aircraft leasing unit in the US through a Nasdaq-listed special purpose acquisition company named Aetherium Acquisition Corp (GMFI) as part of its plans to regularise its financials. The group is seeking an indicative valuation of US$1 billion for the listing exercise.

What do you think of above deal?

GREENWICH, Conn., Dec. 1, 2023 /PRNewswire/ -- Aetherium Acquisition Corp ("Company") (Nasdaq: "GMFI") announced that on November 27, 2023, the Company received a Staff Determination Letter (the "Letter") from the Staff (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") stating that on May 10, 2023, the Staff notified the Company that the market value of its listed securities had been below the minimum $50,000,000 required for continued listing as set forth in Listing Rule 5450(b)(2)(A) (the "Rule") for the previous 30 consecutive trading days.

Subsequently, in accordance with Listing Rule 5810(c)(3)(C), the Company was provided 180 calendar days, or until November 6, 2023, to regain compliance with the Rule. To date, the Company has not yet regained compliance with the Rule. As a result, the Company was informed that its securities will be delisted from The Nasdaq Global Market on December 6th, 2023, unless the Company requests an appeal, which it intends to do.

Should the Company not appeal, a Form 25-NSE will be filed with the Securities and Exchange Commission (the "SEC"), which will remove the Company's securities from listing and registration on The Nasdaq Stock Market.

As stated by the Company in a press release dated October 2, 2023, on May 23, and August 23, 2023, Nasdaq notified the Company that it did not comply with Listing Rule 5250(c) due to its failure to timely file its Forms 10-Q for the periods ended March 31, 2023, and June 30, 2023, respectively. Further, the Company does not comply with Listing Rule 5250(c) because it did not file its Form 10-Q for the period ended September 30, 2023. Furthermore, Nasdaq Staff has determined that the Company does not comply with the minimum 400 total holders as required by Listing Rule 5450(a)(2). Pursuant to Listing Rule 5810(d)(2), these deficiencies serve as an additional and separate basis for delisting, and as such, the Company would be required to address this concern before a Hearings Panel if it appeals Nasdaq Staff's determination.

The record speak for itself that capA has postphone submitting the PN17 regularisation from Jan 2023 to July 2023 to Oct 2023 and now to 31th Dec 2023.

What make you think this time, capA will submit the PN17 regularisation plan on or before the third extension deadline of 31 Dec 2023?

capA need more borrowing and cash call for working capital and refinance debts.

Repost as a gentle reminder:
CapA/Stony are desperate to raise below borrowing and cash to keep CapA afloat for another year. After that Stony is hoping MOVE will save the day for him/capA. The odd is heavily against Stony/capA.

As of suspend and delist it is up to Bursa SC decision to make in order to protect the interest of investing public and Bursa rule and regulation on listing requirement.


25 Oct 2023 02:28 PM: Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday

Friday, 13 Oct 2023: KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

Tuesday, 03 Oct 20236:46 PM MYT
KUALA LUMPUR: AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircrafts and engine maintenance costs.

"The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

Why not fly Malaysia Airline?

i3lurker,
You forget to mention while I am happily enjoy my free bintang beer and lobster on jaks trading gain, Mike-tikus stole from me again and trapped himself in Jaks for donkey months. FORCED to promote Jaks day and night 24/7/365 non stop to no avail.

Posted by i3lurker > Dec 7, 2023 9:34 AM | Report Abuse
Satanic Accuser MikeCheatYouCrazy stole from sslee ...

buy HRC
buy Petron

so I just rinse and repeat and FORCED Satanic Accuser MikeCheatYouCrazy to buy Armada 🤣

I am back to grab some for my free bintang beer and lobster. Thank you very much to my favorite trading stock Armada.

Time is ticking down. Will JHDP pay any dividend this year? Can Jaks get loans for the 10% addition JHDP share?

Repost:
Without debts restructure technically CapA is a bankrupt company, manage to stay afloat by more borrowing, sales in advance and rollover of lease/others liabilities.

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

ken2004 Maybe you can predict what next quarter result will do actually, more worst losses? or you think will delist?
05/12/2023

CapA/Stony are desperate to raise below borrowing and cash to keep CapA afloat for another year. After that Stony is hoping MOVE will save the day for him/capA. The odd is heavily against Stony/capA.

As of suspend and delist it is up to Bursa SC decision to make in order to protect the interest of investing public and Bursa rule and regulation on listing requirement.


25 Oct 2023 02:28 PM: Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday

Friday, 13 Oct 2023: KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.


Tuesday, 03 Oct 20236:46 PM MYT
KUALA LUMPUR: AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircrafts and engine maintenance costs.

"The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

Quote, "In the past, business owners and company directors relied heavily on their experience and instinct when making decisions. However, with data technology, quantitative analysis is now considered a better approach to making informed decisions." Unquote

So geary have you change from using gut feeling to quantitative analysis for your investment decision?
What are your quantitative study on capA tell you?

9 months end 30/9/2023
Depreciation of right of use assets: RM (1,124,591,000)
Finance costs-lease liabilities: RM (656,331,000)

As at 30/9/2023
Current lease liabilities: RM 5,149,616,000.
Short term/current borrowing:RM 762,613,000
Long term/non current borrowing RM 3,007,507,000

So in the next 12 months can capA acheive EBITDA of more than RM 5 billion just to pay the aircraft lease?

3Q2023:
Depreciation of right of use assets: RM (444,404,000)
Finance costs-lease liabilities: RM (251,274,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 440,983,000
Repayment of borrowing and lease liabilities: RM (1,836,208,000)
Acquisition on non-controlling interests: RM (75,725,000)
Net cash used in financing activities: RM (1,470,950,000)

geary are you sure capA generating positive cash flow from operation?

Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that 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.

2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 130,989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)

AAX turnaround by the infamous debts restructure of paying creditors included paid customers whose flights were cancelled a mere 0.5 sen for every ringgit owed, capital reduction and 10 to 1 share consolidation

Without debts restructure technically CapA is a bankrupt company, manage to stay afloat by more borrowing, sales in advance and rollover of lease/others liabilities.

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)