Post removed.Why?

AAX taking over capA aviation assets and liabiliaties will be like 人心不足蛇吞象.
Know what will be the consequence for a snake to swallon an elephant?

Only the best of the best can retired since 2010. Full Stop.

Am I right to say it was theedgemalaysia saying Stony move the goal post for the fourth time in submitting the PN17 regularisation plan? (— its fourth extension in a row)

By theedgemalaysia.com / theedgemalaysia.com
19 Jan 2024, 10:45 pm

KUALA LUMPUR (Jan 19): Capital A Bhd now has up till June 30, 2024 to submit its proposal to regularise its Practice Note 17 (PN17) condition after getting Bursa Malaysia's approval for another six-month extension — its fourth extension in a row.

If any shareholders are not happy with what TTB was paid and the court case cost and dual listing cost then please bring it up at AGM and hold TTB accountable, responsible and answerable.

损人利已，不为。
利人不利已，可为。
利人利己，应为。

If I am TTB and at 40% discount, I will ask all my employees to collect at 40% discount and then go for voluntary liquidation.

It will be a win win win win for TTB, icapital employees, minority shareholders and COL.

What can I do further when facing with below?

Without Prejudice
Dear Mr. Lee,

We refer to your email dated 12 June 2023.

Please take note that that the Company has diligently addressed all relevant queries/questions including issues raised by the respective shareholders during the AGM and written advice post AGM in accordance with the regulatory requirements.

We have reported that all whistle-blower complaints have been thoroughly investigated without evidence of any malpractice and mismanagement. The year end accounts have also been audited by our external auditors. As such, we have nothing more to add.

As part of good corporate governance practice, we hold firm to the separation of ownership and management. All internal investigation reports are the proprietary property of the Company and accordingly we will not respond to your email.

Despite the Company's previous responses to you, and at the AGM, your repeated allegations of malpractice and mismanagement are in our opinion, appear to be with the intent to damage the reputation and integrity of the Company and its Management. This could impede the Company and its Management from carrying out their business in a smooth manner, which could in turn affect the Company’s valuation.

Please be on notice that the Company will not hesitate to take all necessary actions to protect our integrity and the interest of all stakeholders, including all other shareholders at large.

Our rights are reserved.

Thank you.

Corporate Affairs Department
Hengyuan Refining Company Berhad

I already learned my lesson to just walk away.

Only invest on those companies that pay dividend and make friend with BOD and management team.

I do not know whether my past actions brought any good or postive change but people and minority shareholders already get hurt because of my action. (Acid attack and Stocks delist from Bursa)

Awesome!... but Q3 is still a lose quarter. Will Q4 turn in some profit for aviation?

CapA aviation.
Q4 passengers carried: 14,879,889
Load factor: 88%
Operating aircrafts: 162

Q3 passengers carried: 14,705,446
Load factor: 89%
Operating aircrafts: 152

Q2 passengers carried: 14,243,439
Load factor: 88%
Operating aircrafts: 146

Russia Stands to Lose Billions as Ukraine Drones Target Key Oil Hubs
Jan 23, 2024 at 4:56 AM EST

No prize for gueesing where the price of oil will heading to.

For plantation, we impute a FY24F FFB production growth of 6% YoY (vs. 5.2% YoY in FY23 and 7.5% YoY in 2MFY24). KLK’s oil palm estates in Sabah, Sumatra and Kalimantan were not affected by the heavy rains in late- 2023. 50% to 60% of KLK’s FFB production come from Indonesia.

Ex-mill cost of CPO production is anticipated to decline to RM2,000/tonne in FY24F from RM2,229/tonne in FY23. The drop in the cost of production per tonne in FY24F is driven by lower costs of fertiliser and a higher volume of CPO production.

KLK is currently trading at a FY25F PE of 16x, which is slightly higher than its 2-year average of 15x. We believe that the premium is justified due to the group’s attractive age profile of oil palm trees.
Source: AmInvest Research - 24 Jan 2024

dumbMoney @Patient Investor. My photo was flashed on the screen during the 2022 AGM. In case you are not aware, one of Bursa's staff in the regulatory department was attacked with acid in the past.
22/01/2024 11:11 PM

The high officer is Senior Vice President Corporate Surveillance and Governance, at that time he is incharge on my many complaints on Red Chip Companies: Xingquan, CSL, Maxwell and Msport.

After my first ever Xinguan AGM and external auditor refuse to answer my after AGM further clarification questions. I purposely attend CSL AGM and put the external auditor on trial on how he do the audit and verification on bank deposit.

I then submitted all the auditor written replied to Bursa Sc and the external auditor was called by Bursa SC for further questioning. The rest is history.

As to why COL continues to buy, essentially to arbitrage on the deep discount.

If I have know that then I would have wrote to COL in year 2020 asking them to arbitrage Insas deep discount.

Previouly I wrote to value partner asking them if they are interest in taking over Insas.

Dear.....
Thank you for your email reply and per our telephone conversation I appreciate your efforts in reaching out to me and forwarded my email to your Senior Director (overlooking VPMY) for his thoughts on my preliminary email.

I understand that Value Partners Group is an Assets Management Company and might not derive synergy with M&A Securities Sdn Bhd (“M&A”) a stock broking company providing trading services, share margin financing and corporate advisory services activities. Insas Credit & Leasing Sdn Bhd (“ICL”) a money lender licensed under the Moneylenders Act, 1951 which has established itself as a boutique structured finance provider to select sophisticated investors and corporations seeking short- and medium-term financing for working capital and investment purposes.

Nevertheless INSAS is still a value driven investment opportunity that when its value is unlocked, the market price/value will appreciate many fold.

Once again thank you

Best Regards

No wonder this year all my stocks with low PE and great value in price to book going up.

The spot light has turned from speculatives stock to fundamentals stock.

Insas price should do well.

Someone advise me on recent Limit down.

Most banks & booking firms are not giving marginable value, cap the price or DF facilities for these stocks which are trading at very high PE & price to book.

Everything go back to fundamentals - PE, price to book, gearing ratio, cash per share, sustainable earnings on existing operations, good & conservative management team, rather than promises on new ventures & M&A transactions

Is Mike-tikus take the wrong medicine this morning, barking non stop?

Or is Mike- tikus trying to get the attention of leno, Mike-tikus must had miss leno so much?

Gross profit= volume ×(unit price -unit cost)
Unit cost = (direct cost + indirect and OH cost)/volume.

Unit cost will reduce if production volume increase.
Gross profit will increase if volume increase, unit price increase and unit cost reduce.

Speakup,
I just trying to provoke leno to buy more Insas-WC so that Insas can hit my TP of RM 1.50 sooner rather than later.

TheContrarian,
I remember questioning Dato Sri Thong in 2018 AGM why he sold some of his Insas-WB and I think his answer is he has the same right as any shaeholders of Insas-WB to deal with his Insas-WB as he wish.

Later I think he resigned from Insas CEO so that he do not need to report to Bursa on his dealing with Insas or Insas-WB shares.

Just a gentle reminder:
Insas-WC
Listing Date: Mar 05, 2021
Maturity Date: Feb 28, 2026
Issue Size: 331,510,380
Exercise Price: MYR 0.90
Ratio: 1:1
Underlying Stock: Insas

Currently what capA leasing unit is:
Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.

The planes was ordered during precovid 19 and Stony has big plan for AA India and hoping poker man can pull string and set up an AA China.

Post Covid-19, Stony get himself kicked out from AA India and AA China still remain a pipe dream.

Do Stony has a plan on how capA going to utilise these planes?

Stony can only think of below grand plan:
The proposed deal is to merge CAPI (capA' Brand AA and leasing unit) 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.

Just wonder did Dato' Sri Thong sold some of his WC?
Previously most likely Dato Sri Thong hold his WB until expired out of money.

Insas-WC
Date Open Range Close Change Volume
23/01/2024 0.42 0.41 - 0.485 0.42 +0.005 (1.20%) 39,245,700
22/01/2024 0.365 0.365 - 0.43 0.415 +0.065 (18.57%) 30,394,200
19/01/2024 0.345 0.335 - 0.375 0.35 +0.015 (4.48%) 18,632,100
18/01/2024 0.39 0.32 - 0.395 0.335 -0.045 (11.84%) 21,781,700
17/01/2024 0.40 0.365 - 0.415 0.38 0.00 (0.00%) 21,089,100
16/01/2024 0.39 0.345 - 0.455 0.38 -0.015 (3.80%) 107,057,300
15/01/2024 0.21 0.21 - 0.415 0.395 +0.185 (88.10%) 157,753,400
12/01/2024 0.195 0.19 - 0.21 0.21 +0.02 (10.53%) 5,111,000
11/01/2024 0.17 0.165 - 0.195 0.19 +0.015 (8.57%) 3,751,300

From Insas Annual report 2023.
Top 30 WC shareholders hold 209,303,090 units (63.14%).

Stock market will never be an exact science otherwise all scientist is million or billionaire by now.

Markets can stay irrational longer than you can stay solvent." That is to say it is nearly impossible to predict the markets and those who try, may find themselves in over their head.

Remember no matter how right you think you are about a certain stock or trend, the market doesn't care ...

Those who take profit sold all or sold some will come back buying some when market cool down and price back to their target range.

No one is right or wrong in deciding to buy or to sell.
I wish all good luck.

By the way Insas indeed is deeply undervalued or people say unloved for many years. Dato Sri Thong, BOD and management team are working hard with integrity to continue building wealth into Insas.

Why can't we see ourself as Malaysian with Multiculturalism and unique strength in our divesity in Culture, Religion, Language, Ethnicity and Race?

I not just write long long dumb letter but also had been invited to joint meeting with Bursa SC. In one of the meeting I complain bittery why I need to pay Xingquan company secretary to get a copy of AGM minutes. Shouldn't public company publish AGM minutes at Bursa website?

Year later, I was suprised Bursa SC make it mandatory for every listed company to public AGM key matter discussed at listed company website.

My first attended AGM is Xingquan AGM and I was shocked that CEO is lying thro' his teeth with impunity when answering shareholders questions and external auditor, independent directors were in complicit with CEO. The rest is history.

QR ended 31 Dec 2020 EPS sen : negative13.16
QR ended 31 Dec 2021 EPS sen : negative 1.50
QR ended 31 Dec 2022 EPS sen : negative 0.16

What will be QR ended 31 Dec 2023 EPS sen : negative ?????
What is the Graham number of QR end 31 Dec 2020, 31 Dec 2021, 31 Dec 2022 and would be 31 Dec 2023?

I am learning from everyone in i3.

Insas has been my self imposed max 50% in my portfolio for many years. At time when Insas drop to very attractive level where I should buy more but can't.

So this time round take this opportunity to clear some so that I can follow you accumulate at 75-85 cents level and wait for one fine day Insas spike up to take profit.

Sold some. Still need to sell at 1.40, 1.45 and 1.50 then my balance 1/3 holding will be zero holding cost.

Today touch new high RM 1.35. Still waiting when can hit my TP of RM 1.50

The only reason to buy or sell is to make money. Else why are you in Bursa the biggest casino in Malaysia?

针对航空业务的集资计划，东尼指出，该公司已任命银行家，并计划很快启动融资程序。

Bankers is well know for lending you money during sunny day. So is capA now in a sunny day.

Know what is revenue bond from private investors?

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.

The loan will be in the form of a revenue bond, with investors to be paid out of ticket sales from 10 AirAsia flight routes, the people said, declining to be identified because the matter is private.

Someone do not know how much is 10亿美元。

Do he know capA net current liabilities as at 30/9/2023 is RM 12,527,863,000?

CAPITALA，5099，主板消费股）计划继续筹资、筹资、筹资！
Raise cash, raise cash and more raise cash. So is it mean capA going to run out of cash soon?

去年11月时，Capital A公司就宣布，与SPAC公司Aetherium Acquisition达成协议，将部分业务合并成Capital A国际（Capital A International）上市美国纳斯达克，计划集资超过10亿美元。
Today is 23 Jan 2024 or more than 2 months has passed why still no further news on above?

Good morning Mike-tikus,
What will be LSS4 profit look like for quarter 4 end 30 Dec 2023?
And the estimate impairment losses on goodwill and receivables?

COD mean from that day onward all the expenses and interest on loans cannot be capitalized and depreciation start.
Most likely LSS4 will be another lose Q4 quarter.

If only Mike-tikus has switch his jaks to Insas-WC, what will be his ROI?

Is it better to talk to oil palm tree?
I have not idea but the late IOI founder Tan Sri Lee Shin Cheng used to say he can talk to the palm tree.

I think what he actually mean is it is easy to deal with trees than people. For an experience eye, a look at the tree already can tell is the tree is at a stage of distress or calm, sick or healthy, in pain or at ease and etc and you can cure the tree with proper application of fertiliser, water, soil recondition, pest control and etc.

But dealing with people, you can tell them all the facts and figures and talk untill the cows come home but they will still insist your facts and figures are all wrong because how can this one and only one extraordinary Stony got it so wrong? Stony is not your ordinary tom, dick and harry and surely he can lead us to the promised land.

My target this round on Insas is to collect back my cost of RM 2 million then let the balance free cost Insas to run to whatever direction it wish to go.

So no harm asking Mike-tikus for direction and he will tell you Insas is now at point 1, 2, 3, 4 or 5.

Mike-tikus,
Mind doing a favor to Insas forum. Please teach us how to read Insas TA chart?

Mike-tikus,
Insas after dispose 100 million of M&A shares still hold 1,115,718,665 units 55.83% M&A

And after dispose 5 million Inari share still hold 532,008,575 units
14.20% Inari

Stock [M&A]: M & A EQUITY HOLDINGS BERHAD
Announcement Date 18-Jan-2024
Reference No CS2-16012024-00066
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
15-Jan-2024 Disposed 85,770,000
Registered Name Insas Plaza Sdn Bhd
Nature of Interest Deemed Interest
15-Jan-2024 Disposed 14,230,000
Registered Name M & A Nominee (Asing) Sdn. Bhd. Montego Assets Limited
Nature of Interest Deemed Interest
Nature of Interest Deemed Interest
Shares Ordinary Shares
Reason Disposal of Equity Interest via Direct Business Transaction.
Total no of securities after change
Direct (units) 1,009,090,909
Direct (%) 50.49
Indirect (units) 106,627,756
Indirect (%) 5.34
Total (units) 1,115,718,665
Total (%) 55.83
Date of Notice 18-Jan-2024

PM ANWAR URGES GLICs, GLCs TO REDUCE OVERSEAS INVESTMENTS AND FOCUS MORE ON DOMESTIC MARKET
January 9, 2024News

Are GLICs, GLCs selling oversea investment and buy INSAS?????

Posted by Patient Investor > Jan 22, 2024 9:38 AM | Report Abuse
@SSLEE Can you share why dispose INSAS at 1.20? PE 7, the NAB is 3.50 and been increasing almost at 10% yearly for past 3 years

Insas has been in my portfolio of my self imposed rule of max 50% for many years. Thus even at time Insas drop to the level I should buy more but I can't. Hence I sold some Insas to take profit and in case Insas drop back I can buy then.

To put it simply, successfully building icapital.biz Berhad is akin to building a better Malaysia. To me, they are synonymous.

Even if TTB successfully building icapital.biz Berhad into billion dollar company but looking at today Malaysia (rampant corruption and abuse of power) or capital market insiders (karim) frauds and syndicate pump and dump is everywhere and Bursa SC just keep a blind eye.

Is that a better Malaysia?

I think me attending AGM holding BOD, Management, Auditor, Company Secretary accountable, responsible and answerable.
And writing long long complaint letter to Bursa SC urging actions to be taken against corporate wrong doing and abuse of power is more sincere than TTB pretentious.

TheContrarian,
Mike-tikus has been promoting jaks for the past 7 months non stop day and night 24/7/365. You still not aware!☹️

Mike-tikus,
My Insas and Jayatiasa is on the race to the top.
Your jaks and capA is most likely a race to the bottom.

Mike-tikus, are you trapped in Jaks at high high price like you trapped in Hengyuan at RM 4.40?

Mike-tikus do not know share of profit from associate company is taken out from cash flow. Only dividend from JHDP is the real money into jaks book.

Post removed.Why?

By the way how much will Insas report gain on disposal of 100 million M&A shares?