The Associated Press announced today that all votes had officially been certified.

Clinton had 2,864,974 votes more than Trump, the largest popular vote margin of any losing presidential candidate in U.S. history, according to the AP.

Trump won the presidency by clinching 304 electoral votes, well over the minimum 270 needed. Clinton won 227 electoral votes.

Clinton is the fifth presidential candidate in history to win the popular vote and lose the Electoral College.

Know the different between direct President election the one man/women one vote priciple. And voter only vote for MP and MPs select among themselve PM?

Malaysia was never a democratic country in Priciple else how you explain PJ how many voters for one MP compare to those rural area.

The question why many countries that directly elect their President practice if no candidates win 50%+1 vote then the top two candidiate will go into second round and Taiwan did not?

Democracy is governed by its most popularly understood principle: majority rule.

Is it fair to 60% of votors that did not vote for DPP. Can DPP/Taiwanese claim Taiwan is a democratic country when it did not comply to domocracy core principle of majority rule?

I think Indonesia President election is more fair and democratic.
In the first round if no candidates win 50%+1 vote then the top two candidiate will go into second round.

Why Taiwan did not do that?

As for Hengyuan, I am so sure of the crack spread as this is public available data but alas I miscalculate the China man addicted to gamble and hence the multi-billion in hedged losses.

Lesson learnt, no one can recommend you a sure win stock. So learn to read the financial report: P&L statement, Balance sheet and cash flow statement.

By the way because of reading financial report and monthly FFB production of bplant and jayatiasa, I switch all my bplant to jayatiasa but alas I miscalculate the KLK VGO/LTAT MGO bplant at RM1.55

So life is interesting because you do not know what awaiting you.

Repost:
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.

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

For economic reason you need a wide-body aircraft, also known as a twin-aisle aircraft for long haul flights to Europe, South America and Africa. Almost all AA planes are narrow-body with a single aisle only suitable for short-to-medium haul flights.

Fernandes, who told the briefing that he intends to retire within five years, said the airline sale would help Capital A raise funds.

Will AAX able to pay in cash for capA' AIRASIA BERHAD ("AAB) and AIRASIA AVIATION GROUP LIMITED ("AAAGL")?
If not then what does Stony mean "the airline sale would help CapitalA raise funds"?

[10/2/2023, 9:15 am] If you got other place to spend can use first.
My last calculation, i will have sufficient to pay off by thn

[10/2/2023, 9:24 am] It ok. I have more than enough for myself.
You can take mum jalan jalan

Above whatsApp with my son.

Ular just want companion in i3 to lepak together with him.
He already have enough and enjoy talking with his trees.

I can see myself in my children: responsible, filial piety, righteousness, compassionate, hardworking and etc. My children is a good son, a good student, a good worker and will be a good husband, a good father and a good superior.

I just do not want them to go thro' the hard time and preesure I went thro' when I just start working or start my family when I just earned a small salarly.

So when will capA out of PN17?
If I am not mistaken this is what Stony said then:
Tony Fernandes optimistic Capital A will exit PN17 status by year-end
Bernama -
12 Jan 2023, 04:15 pm

“We can be out of PN17, definitely this year, I hope much earlier (than that). All of the consultants are now going through all the work.

“We hope to submit to Bursa (somewhere between) February and April. So, once we get the approval, then we will go through,” he told reporters on the sidelines of the AirAsia Super App Rider and Driver appreciation event today.

At my age money is just a figure to me. But I enjoy seeing my family happy. My two sons just get married last year. And I help them to buy their first house.

Posted by Mabel > Jan 13, 2024 8:30 AM | Report Abuse t
Yesterday the Sharks and Whales managed to short CapitalA by 300,000 shares prior to closing.. They are getting nervous...

Borrowers are typically large financial institutions such as prime brokers and hedge funds.

Will the sharks get nervous or they will come for a kill when they sense blood in the water?

Repost:
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.

Let go to me mean just be happy and be satisfified with what you have and live with whatever decision you had made.

I make trading gain on YTLPower, YTL and Bplant. Should I not be happy with trading gain just because I will gain more if I hold the share longer?

By the way come 17 Jan 2024, I am going to received RM 58,125.00 dividend from Insas.

By 1st Feb 2024 do I need to update how much dividend received, trading gain and book gain for month Jan 2024?

Just for the record.
Last year I received RM 214,989.00 dividend. Make trading gain RM 318,881.42 and at the end of year book gain RM 124,398.27

My main holding Insas, Insas-WC, Jayatiasa, OSK, Pantech, MBMR and Armada.

Some time you need to let go in order to gain.

From Insas Annual report 2023, I already drop out of top 30 shareholders list.

Will drop below RM 0.17 if Q4 result very bad with all the bad news. Another PP or RI

And do you think Asia Aviation Public Company Limited a public company listed in Thai stock exchange and PT AirAsia Indonesia TBK a listed company in Indonesia Stock exchange will agreed to paying loyalty fees to Brand AA?

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.

I think the BOD is serious on share buy back.

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.

Mikecyc Haha KonartistLee sold some Jaks with some Gain for Beer ke .. kesihan le , after drink Beer became Negative Commentator in Jaks …

Haha oredi 1st Gain in Jaks on Bottom Fishing …

2nd Gain in Jaks during the Price is from Rm 0.19 to 0.205 gap up to 0.245 …
12/01/2024 5:44 PM

Mike-tikus already take profit on jaks. No wonder no more promote jaks day and night 24/7/365

TONY FERNANDES’S GLOBAL EMPIRE TO BE BROKEN UP INTO FIVE LISTED COMPANIES “UTLIMATELY”
JANUARY 9, 2024• DIGITAL TRANSFORMATION, MALAYSIA, MERGERS AND ACQUISITIONS, NEWS, SEA•BY YIMIE YONG
Tony Fernandes’s global empire will eventually be broken up into one listed company in the US and four other companies listed in Southeast Asia, the Malaysian tycoon behind low-cost airline AirAsia said on Monday.
Monday.

“We want to build four companies (for the non-aviation business), in the end they’ll probably be broken up. So shareholders of Capital A will own shares in aviation, will own shares in Teleport… we’ll list all of them separately, and one company will probably take over Capital A’s listing,” he told reporters on Monday at AirAsia Aviation 2024 Outlook briefing.

“So in the end, my dream is when I retire… five listed companies, one in America and four in other parts of Asean,” he explained, adding that he plans to retire in five years.

The non-aviation businesses he was referring to include logistics business Teleport, Move (online travel agency and fintech firm BigPay), airline engineering and maintenance services provider Asia Digital Engineering, food company Santan, aviation consulting firm AirAsia Consulting, AirAsia Academy, among others.

Is Stony high on kool-aid or suffered from Grandiose delusions?
He can't even figure out how to make money flying people nor how to get capA out of PN17.
CapA as at 30/9/2023
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Has Stony figure out how not to default on net current liabiliaties of RM (12, 527,863,000) in the next 12 months?

By the way Asia Aviation Public Company Limited is public company listed in Thai stock exchange and PT AirAsia Indonesia TBK is listed in Indonesia Stock exchange and capA is trying to list PAA in Philippine stock exchange.

Mike-tikus I sold jaks (take profit) and switch to Insa-WC when you start to promote jaks.

So Mike-tikus is smart to take profit on Jaks but dumb to dumb dumb hold capitalA from RM 1.12 to 0.735

The last time Mike-tikus promote PA, Insas-WC shoot past PA.
This time Mike-tikus promote Jaks and it take more than 6 months for Insas-WC to overtake Jaks. Leno will be back when WC shoot past 50 cents

Name INSAS BERHAD
Details of Changes:
Currency -

Date of Change Type Number of Shares
09-Jan-2024 Disposed 2,000,000
Registered Name M & A Nominee (Asing) Sdn Bhd for Media Lang Limited
Nature of Interest Indirect Interest

Nature of Interest Indirect Interest
Shares Ordinary shares
Reason Disposal of shares in the open market
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 535,008,575
Indirect (%) 14.28
Total (units) 535,008,575
Total (%) 14.28
Date of Notice 12-Jan-2024

This is net worth of Icapital:
RM 426,999,000 as at 31/05/14 and RM 476,000,000 as at 31/05/23 and TTB claim he is the best Fund manager in Malaysia and often quote Warren Buffet.

Not forgetting Insas associate companies only value at book RM 576,101,000 as at 30/09/23.
Note: Insas still hold 537,008,575 Inari share as one of it associate company.

Posted by Mikecyc > Jan 12, 2024 2:37 PM | Report Abuse
Haha ok stop here …
Leee .. I still dumb dumb hold Cap A as still got Paper Gain 27 % ..

Mike-tikus anymore paper gain on your jaks?
My INSAS-WC already 5 figures paper gain.

Go and find me a company that able to increase the company net worth:
RM 1,198,048,000 as at 30/6/2014 to RM 2,340,464,000 as at 30/6/2023 before you say BOD and Management do nothing.

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

AAAGL is a private company wholly owned by CapA. CapA is public company listed in Bursa.
Asia Aviation Public Company Limited is public company listed in Thai stock exchange in which AAAGL hold 43%

LETTER OF OFFER FOR THE PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("AAB) ("PROPOSED AAB DISPOSAL") AND ITS 100% EQUITY INTEREST IN AIRASIA AVIATION GROUP LIMITED ("AAAGL"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED AAAGL DISPOSAL") TO AIRASIA X BERHAD ("AAX") ("LETTER OF OFFER")

AirAsia Aviation Group Limited also recently increase holding of PAA from 40% to 100%. AAAG also hold 46.25% Indonesia listed PT AirAsia Indonesia TBK who hold 57.25% PT Indonesia AirAsia. AAAG also hold directly 20.95% PT Indonesia AirAsia.

Air Asia Bhd running the Malaysia AA operation.

CapA owned 100% AirAsia Aviation Group Limited and AAAGL hold 43% of Thai listed Asia Aviation Public Company Limited who owned Thai AirAsia Co.Ltd.

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.

If you used kenanga valuation of RM 3.5 billion for capA' aviation and then minus the net liabilities in capA aviation book most likely the net worth is negative.

Is that mean capA need to pay AAX for AAX to take over capA's aviation?
Food for thought. Did Stony just open up a can of worms for all to see?

In theory you can borrow 1 billion to take over insas and then use Insas cash to pay your 1 billion borrowing and what left inside Insas is all yours for free.

More important whether LSS4 solar plant make any profit.

If you want to buy jaks then buy after Q4 end 31/12/2023 result is out.
Q4 result is critical as it will tell you how much impairment losses on goodwill and receivables, any dividend from JHDP and whether jaks take up the addition 10% equity of JHDP, for how much and loans from which bank at what interest rate.

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.