https://www.petron.com/investor-relations/our-disclosures/

Petron corp q3 end 30/9/23 result out:
Peso million
Net income: 3,366
Attributable to:
Equity holders of parent company: 3,102
Non contrlling interest: 264

Since Petron corp hold 73.4% Petronm hence
Petronm income = Peso 264/0.266 =992.48 million
AT 30/9/23 1 RM =12.07 Peso
Q3 net profit= RM992.48/12.07= RM 82.227 million

Ryanair is lucky to cater for EU market where people have less children and can afford to take long leave for leisure travel.

AA cater for SEA/Asean market (many budget airlines to choose from)and many people cannot afford to take long leave for leisure travel hence if you raise the fares most likely AA cannot fill up the planes.

So AA is forced to cut price with mega/super sale just to fill up the planes.

AA/Stony is damned if you do and damned if you don't

Sorry typo error.
Insas-WC not insas-WB.
Insas-WB, stockraider bought 1 million at RM 0.005 for 5 thousand and have a narrow escape selling back at RM 0.005 before Insas-WB expired.

Guess what will capA fall to RM 0.XXX just before suspension and delisting?

INSAS RI is RPS (Insas-PB) expired on Feb 2026 paying 3.8% interest with free warrants. It was issued to redeem the previous RPS Insas-PA that pay 4% interest expired on 2020.

Someone told me the RI is a way to reward shareholders so I subscribe my entitlement with 10% excess. During the last rally of Insas, I sold all my Insas-WB for 6 digits gain.

If you have a useless son like Mike-tikus then even a goldmine won't help as the goldmine will just wasted away.

I trade on petronm. I bought for dividend and after dividend I sold most of my petronm.

Petron corp hold 73.4% of Petronm

Should be good quarter 3 for petronm. When petron corp release it Q3 financial report in next few days then from petron corp Q3 net profit after tax attributed to non controlling shareholders you can work out what is Q3 net profit after tax for Petronm

Sorry I just saw the comment in petronm.
From Petron corp news

Consolidated revenues for the first nine months stood at P587.3 billion albeit lower than the previous year’s P631.1 billion as prices corrected from their extraordinarily elevated levels last year due to the Russia-Ukraine conflict. While international prices started to rise again in the third quarter, the YTD September average of benchmark Dubai crude closed at almost $82 per barrel, still down 18 % from the same period in 2022.

Despite recording lower revenues, the Group’s operating income rose by 64%, reaching P27 billion from 2022’s P16.5 billion driven largely by the strong volume growth. This improvement allowed the company to absorb the more than 50% increase in financing cost, ending the nine-month period with a consolidated net income of P9.5 billion, 16% higher than last year’s P8.2 billion.

https://klse.i3investor.com/blogs/Sslee_blog/2019-12-07-story244757-Patriotism.jsp

Being Chinese

We are proud to have a national language which is Malay, but

*the policy* of
closing English language schools and converting all schools into effectively Malay medium schools, and leaving vernacular schools in existence,

*has led to disunity* among Malaysians,

because our *children are now educated in silos*,
unlike my generation who were educated differently.

*Our diversity* should have been an asset.

Instead, it *is highlighted to divide us*.

Malay was never legally removed as the national language of Singapore, but

*the pragmatic and smart Singaporeans*

encouraged the study of English and Mandarin,

as these two are *the leading languages for commerce and science* in our part of the world.

So, *our nationalists and leaders* have not been very clever.

*They have not managed the issue very well.*

I support *Malay as the national and unifying language*, but

I have only contempt for the politicians who caused us to lose *the advantage we would have had on the world stage with a population that was multilingual*.

I feel sad today in seeing how a section of our Malaysian population is being made to be the bogey for all the failures and weaknesses of another section, the privileged section of the populace.

Yet, against all odds, like the people of Singapore, this bogey section of the population are the owners and drivers of the commercial and industrial engines of this country.

In my humble opinion, it is *our selfish, dishonest, and immoral leaders who are to be blamed for the mess our country is in*,
in this 63rd year of our independence.

Even as our country bleeds from the Covid-19 calamity, our so-called leaders are still *prioritising politics over-focusing on saving the country*, just like the proverbial

*"Nero still playing his fiddle while Rome burns"*.

The Malay proverb,

*“Harapkan pagar, pagar yang memakan padi,”*
is appropriate, in the case of our Malaysia.

So, the question is, what can we do to pull ourselves out of this cesspool we are all in?

For a start,

let us start by *seeing the elephant in the room*.

Let us *openly talk about our issues and our problems*.

To my 75-year-old classmates, I say, let us pause a while in our preparations for the hereafter, and

*try to find a workable solution to this problem confronting our nation*.

If we do not talk about these issues,

*if we are silent, no solutions will be volunteered*.

I know it is difficult for those aboard the gravy train to talk about these things.

But the rest of us who are not, should *make ourselves heard*.

It is too much to expect the BRIM infused and naive rural folks to see the light at this stage,

because for a poor family earning just RM1,000.00 a month,

*a BRIM gift-payment of RM2,000.00 of taxpayer's money*,

is a *powerful incentive to continue voting with their pockets instead of with their heads*.

It brings to mind the story once told about Stalin.

As a lesson to his followers,

Stalin once *ripped all the feathers off a live chicken*.

He then set the chicken on the floor a short distance away.

*The chicken was bloodied and suffering immensely*,

yet, when Stalin *tossed some bits of wheat* towards the bloodied chicken,

*it followed him around whenever he tossed wheat to the chicken*.

Stalin then said to his followers,

*"This is how easy it is to govern naive people* .

*They will follow you, no matter how much pain you cause them,*

*as long as you throw them a little worthless treat, occasionally."*

One of our past and disgraced PM, who championed the policy that

*"Cash is King"*,

probably learned it in England where he had most of his education.

In conclusion, I leave you this little anecdote, lifted from the book Atlas of Shrugged, written by Ayn Rand in 1957, the year we gained independence from Britain.

"When you see that *to produce, you need permission from men who produce nothing*".

"When you see that *money flows to those who deal not in goods, but in favours*."

"When you see that *men get richer by graft and by pull, than by work*.

And your *laws do not protect you from them but protect them from you*."

"When you see *corruption being rewarded*, and
*honesty becoming self-sacrifice*,

you will know that your *society is doomed*".

For a start, this *affirmative action policy* has gone on for far too long.

Although it has helped a lot of Malays, it is *a double-edged sword, which is starting to hurt the Malays more than it helps*.

*It has bred a crutch mentality* among us Malays, to an extent that *initiative and entrepreneurship have atrophied* among the Malays.

We have become risk-averse.

Our people have now *come to believe that they cannot achieve anything without government help*.

Our race has become the object of derision by the more independently successful Chinese..

Let us wean the Malays away from affirmative action.

Let us embrace meritocracy.

We need to taste hard work and some failure, for us to *learn how to walk without needing crutches*.

The affirmative action policy, when it was first mooted after the dark days of the May 13 affair, was *the right thing to do*.

But half a century later, this policy *has bred a cadre of Malay rent-seekers and politicians, who exploit this policy to enrich themselves immorally and illegally*.

In the name of helping the Malays, *government-linked companies (GLCs) and government owned companies (GOCs) have often become instruments to steal and to siphon money from public coffers*.

The *positions of heads of these GLCs and GOCs have systematically been given not to capable and qualified persons, but are rewards* reserved for politicians to entice them to do the bidding of their masters and to leap from one party to another.

In addition, these positions are also dangled in front of many *senior civil servants, to buy their complicity* in nefarious schemes to bleed the country’s coffers.

At the trial of a previous prime minister, we heard how *senior civil servants meekly carried out the orders of the sitting PM, without acting as the check and balance* that they were intended to be.

No doubt they were eyeing titles and cushy positions at GLCs and GOCs after their retirement from the civil service.

I say GOCs and GLCs ought to be privatised.

*The government should only govern*,

and *the private sector should be tasked to do business*.

This will remove the *insidious opportunity for politicians to use the GOCs and GLCs as a political tool*.

The effects of this disease are so entrenched today, that we are now derisively *labelled as the country with the biggest kleptocracy in the entire world*.

One of our past prime ministers has even been convicted of a felony, and yet the *dedak-infused still kiss his hands* and scream,

*"What is there to be ashamed about?"*

whenever he makes his police-escorted rounds.

What has become of these people?

I worked in the oil industry, and I know that
*Norway and Malaysia started developing our oil and gas industry at about the same time*.

In fact, both Norway and Malaysia *have about the same size of hydrocarbon reserves beneath our land and our seas*.

But while Norway managed their bounty carefully, and today *they have one of the world’s largest sovereign funds from oil and gas resources, exceeding one trillion US dollars in value,*

*Malaysia has a sovereign DEBT exceeding RM1.264 trillion*,
including government liability exposure and commitments

I remember 55 years ago, one of our prime ministers booted Singapore out of Malaysia.

I remember clearly watching Lee Kuan Yew crying on the black and white TV after that announcement.

I remember that in the few years after that event, how we got one Singapore dollar at the Caltex station just before the Johor Causeway for only 90 Malaysian cents.

Today, the Malaysian dollar and cents have been renamed ringgit and sen,

but the *Singapore dollar is now worth *3.5 times* our miserable ringgit and sen.

And *Singapore with no natural resources at all*, except

the perseverance,
the will, and
the ingenuity of its people, and
the strategic thinking of their leaders,

is *today one of the wealthiest countries in the world*,

*with a per capita GDP around a dozen times more than ours*.

Let us pause a moment to look straight in the eye at our own country's predicament and to seek solutions to overcome it instead on focusing so heavily on other countries'......

Some leaders to blame for the mess Malaysia is in now, as told this is by 75 year old Yusuf Hashim, former CEO of Shell.

He was from RMC (Royal Military College).

*I am a Malaysian first* and a Malay second.

I pray to God daily, and I believe in the hereafter where all of us *will all be asked to account for what we did or did not do while we were alive*.

But I am not obsessively and destructively religious.

I am unhappy with how *my religion has been hijacked for political purposes*, and I am angry with the people doing it.

I am also angry with the charlatans and titled *people who call themselves our leaders*.

I am unhappy with the creeping Arabisation of my multiracial and multicultural Malaysia.

And I am angry with the *dumbing down of the Malay rural population by politicians* without integrity, without honour, without honesty and without conscience.

Being often labelled as incendiary by my classmates at the Royal Military College, I want to say something in this 63rd year of our independence.

I do not care if you do not like what I am going to say

Most of my classmates are presently in this "waiting to die mode" and have chosen to detach themselves from worldly affairs.

Some will have a slightly longer wait compared to others, but all of us will surely die.

Although on future independence days after our deaths, the sun will still shine, and the birds will still sing, I say to them, *do you not care what will be the state of this country* that you inherited from your fathers, that you will, in turn, *leave behind*?

Of course, you care. You would be lying if you say you did not care

*If you choose silence, and to die without conscience for the state of the country that we are leaving behind for our grandchildren, and their children*, that is your cowardly choice.

I choose to say what I feel, and although alone I cannot do much to change things, I hope by speaking out, enough people will have their conscience pricked, and our numbers may swell enough to outnumber the living dead.

And hopefully, *the enlightened will be large enough in number to make a difference*.

Define fullest.
I need to work part time during LCE, MCE and HSC examination break.

I need to work hard for 12 years just to purchase my first house that cost RM 125,000

And now at my age money is/are just figure/figures in my Bank and hlebroking share and cash account.

Know why I ask question 11 for the coming Insas AGM?

With Equity Attributable to Owners of the Company RM 2,342,233,000 of which retained earnings is RM 1,419,807,000 and of the retained earnings the Net Financial assets is RM 1,418,421,000.

Question 11: Return of Equity (%): FY2023 a poor 5.2% is not the fault of Insas Management Team but mainly due to BOD keep too much retained earnings (Equity keep growing) and hence will BOD kindly rectify the imbalance by distribute portion of the retained earnings to shareholders in the form of special dividend?

Most likely capA if survive will not be able to pay any dividend for next 10 to 15 years.

And by the way capA intangible assets (goodwill, landing rights and internal developed software) is now value at RM 4,699 million which will be subjected to yearly impairment loss.

Note:McDonald’s, Starbucks, Yum! Brands, and Papa John’s return on assets averaged between 15-30% (due to powerful unrecorded intangible assets like brand and supply chain capabilities)

If take out the RM 4,699 million intangible assets from capA book, tgen capA total equity: RM (10,204,687,000 + 4,699,000,000)

So according to geary the more negative equity the merry.

While typically characteristic only of insolvent businesses, negative shareholders’ equity has become more common among healthy, profitable businesses. Many are large restaurant chains, including McDonald’s, Starbucks, Yum! Brands, and Papa John’s. Since none of the above reported negative equity a decade ago, a close study of each company’s financial statements over the period 2010-2019 revealed how these deficits came about. Each company was able to pay out, as dividends and share repurchases, well over 100% of its reported earnings during the period. Interestingly, this is not because earnings understated each company’s cash-generating capability; in fact, there is strong evidence that earnings overstated reality for McDonald’s and Yum! Brands. In general, the primary driver was massive debt issuance, followed by refranchising (selling company-operated restaurants to franchisees). Of the four companies, Starbucks has the highest ability to continue distributing over 100% of earnings, while Yum! Brands does not appear to have much more room to do so.

Each company was able to push equity negative because of the wide spread between its return on assets and cost of liabilities. Each has negative net working capital, which is essentially a cost-free source of funding, and was able to issue massive amounts of debt at low single digits rates. Meanwhile, return on assets averaged between 15-30% (due to powerful unrecorded intangible assets like brand and supply chain capabilities). The extreme case is Yum! Brands, whose debt at the end of 2019 was around twice the level of total recorded assets, yet their interest coverage ratio was a fairly comfortable 4.0x.

There are a few important implications for investors. First, negative equity is characteristic of companies on opposite ends of the business quality spectrum. Secondly, for many companies, metrics involving equity have lost their relevance and should be ignored. Next, issuing debt to repurchase shares can be a great strategy if cost of equity greatly exceeds cost of debt, but it carries substantial risk if done too aggressively (the primary risk being that interest rates are substantially higher in the future). Lastly, businesses that appear overvalued using traditional metrics like price-to-earnings may in fact by greatly undervalued, as is the case for one that can distribute well over 100% of reported earnings for an extended period of time.

If you ask me, do I have regret? I will say if given a chance to start all over, I would like to be a better son, a better brother, a better student, a better engineer, a better subordinate, a better husband, a better father, a better superior and be a better person.

But it did not matter any more as I see my children are that better person that I was not.

The only way for capA to get out of PN17 is to talk to Bankers to arrange a perpetual bond, a bond with no maturity date, therefore allowing it to be treated as equity, not as debt.

But then again at current time the interest of the bond will be high to be attractive for international investors like Mabel to invest in capA perpetual bond.

By the way Serba with Dubai feller also default on its bond.

Repost:

Someone cannot understand i3lurker is trying to make fun of Stony/capA deal/merge with Aetherium Acquisition Corp is figuratively speaking or metaphorically Stony is giving away his Korean wife to Aetherium Acquisition Corp and now has to pay Aetherium Acquisition Corp 40% for using of Aetherium Acquisition Corp wife.

So Mike-tikus aka Johnchew1-5 are you saying Stony shold be awarded with the Best CEO of Topi Hijau Club for his/capA deal with Aetherium Acquisition Corp?? 😉🤣

No worry PAS will be paying on her behalf.

The dividend directly bank into Maybank account and my wife has the card for family monthly expenses.

Repost on Jaks Q3 and Q4 update:
Everyone already know what will happen to Jaks Q3 and Q4 result. Only Mike-tikus aka Johnchew1-5 pretend not to know and trying his best day and night promoting jaks with his TA is improving on RSI and MACD is divergent Up to lurk suiyee sucker bilis to buy high from him.

Since jaks granted 70,500,000 ordinary shares (“LTIP Shares”) SG. Share grant on 10 july 2023 hence RM12.69M of LTIP expenses will only be charged to Q3 2023 under other operating, administrative expenses.
Hence Q3 2023 NP will be Q to Q drop

Based on past 4 years norm jaks Q4 2023 another Q to Q drop due to impairment on trade and other receivables and impairment loss on goodwill.

This is what happen the past 4 years.
12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490

This year I already earned more the RM 200K in dividend.

Similarly I sold all my Bplant (a bit too early) and bought Jayatiasa.

I sold some of my Insas and bought Petronm to get the Petronm dividend. After the dividend I sold most of PetronM and collect back Insas. Insas is still top in my portfolio.

Most likely Stony is purposely trying to get CapA delist from Bursa so that he has a free hand to list whatever inside capA in NYSE/Nasdaq that appreciate negative equity and come with a bonus of a celebrity CEO

Insas during the last rally I sold all my free warrants and top up more Insas.

For Insas I just collect the dividend and waiting for something to hapoen to unlock Insas value.

My hope is Insas will give better dividend and implement a dividend policy in the coming AGM.

You mean Jerichomy is incredible Hulk that turn green when he is very angry.

Posted by MrFox > Nov 12, 2023 11:05 AM | Report Abuse
☝ soon Jerichomy face will be greenish when the stock is greenish! haha

By the way do you know capA last RI is not an equity rights issue but a 7-YEAR REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("RCUIDS") paying 8% yearly interest with free warrants.

The reason is most likely no bank will accept capA shares as collateral to lend multi-million to Stony for him to subscribe for his RI entitlement.

Americians live on debts and credit card. As long as you got income to pay your monthly debts and house morthage then you will be fine. But once you lose your income and cannot pay your credit card or home mortgage. The bank for forclose your house and you become another homeless statistics living out on street.

So can capA not default on it current liabilities in the nest 12 months?
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)

Capital A’s aviation is still lose making
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


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.

Wishing all and Stony a Happy Diwali.

Stony already lose his shirt and become topless. When will Stony lose his underwear, shoe and shock too and become bottomless

1. McDonald's Burger.
2. Starbucks Coffee and
3. Papa John's Pizza.
Anyone of the above have capA' Net current liabilities of RM (11,938,731,000)

Repost
Jayatiasa
Fresh Fruits Bunches (MT)
Quarter end 30 Sept 2023
359,740.00
Quarter end 30 Sept 2022
263,948.00
Quarter end 30 June 2023
224,649.00
Market Cap: 901 Million
NOSH: 974 Million


Taaan
Fresh Fruits Bunches (MT)
Quarter end 30 Sept 2023
210,829.00
Quarter end 30 Sept 2022
212,876.00
Quarter end 30 June 2023
143,071.00
Market Cap: 1,534 Million
NOSH: 445 Million

Jayatiasa
Fresh Fruits Bunches (MT)
Quarter end 30 Sept 2023
359,740.00
Quarter end 30 Sept 2022
263,948.00
Quarter end 30 June 2023
224,649.00
Market Cap: 901 Million
NOSH: 974 Million


Taaan
Fresh Fruits Bunches (MT)
Quarter end 30 Sept 2023
210,829.00
Quarter end 30 Sept 2022
212,876.00
Quarter end 30 June 2023
143,071.00
Market Cap: 1,534 Million
NOSH: 445 Million

Repost:
Compare and contrast.

SARAWAK OIL PALMS BERHAD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description We submit herewith the SOPB Group's figures for the month of October 2023
M.TONNES
FFB 124,206
CRUDE PALM OIL 39,999
PALM KERNEL 8,982
Market Cap: 2,279 Million
NOSH: 890 Million

JAYA TIASA HOLDINGS BHD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of October 2023 as follows:

Product Production
Fresh Fruit Bunches 132,551 metric tonnes
Crude Palm Oil 26,427 metric tonnes
Palm Kernel 6,270 metric tonnes
Logs 8,915 cubic metres
Market Cap: 901 Million
NOSH: 974 Million

Compare and contrast.

SARAWAK OIL PALMS BERHAD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description We submit herewith the SOPB Group's figures for the month of October 2023
M.TONNES
FFB 124,206
CRUDE PALM OIL 39,999
PALM KERNEL 8,982
Market Cap: 2,279 Million
NOSH: 890 Million

JAYA TIASA HOLDINGS BHD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of October 2023 as follows:

Product Production
Fresh Fruit Bunches 132,551 metric tonnes
Crude Palm Oil 26,427 metric tonnes
Palm Kernel 6,270 metric tonnes
Logs 8,915 cubic metres
Market Cap: 901 Million
NOSH: 974 Million

The Group reported a net profit of RM929.4 million in 2Q2023. The current quarter recorded a gain of RM1,369.3 million from remeasurement of an associate to subsidiary, Asia Aviation Public Company Limited Group (“AAV”).

CapA Q2 without the remeasurement book gain of RM1,369.3 million, Q2 is a lose making quarter.

CapA Q1 2023:
Group Revenue : RM2.5 billion
Group EBITDA & Profit after tax : RM502 million & RM26 million

KLIA, 13 May 2022: Malaysia Aviation Group (MAG) has emerged as the winning entity for ‘Restructuring Deal of the Year’ at the Airline Economics’ The Aviation 100 Deals of the Year Awards 2022 following the successful restructuring exercise, which saw the Group reduce its liabilities of over RM15 billion and eliminating RM10 billion in debt mounted from decades-long issues of its balance sheet.

MAS can return to profitability because of debts restructure. CapA will struggling with debts for very long time.

PETALING JAYA: Malaysia Aviation Group (MAG) the parent company of Malaysia Airlines saw its best ever quarter performance since the past two decades.
The group said it achieved a record net profit after interest and tax of RM1.146bil in the fourth quarter last year.

CapA
Revenue: RM2.4 billion for 4Q2022
EBITDA : RM489 million for 4Q2022
Profit after tax : RM172 million for 4Q2022

Another very good FFB havesting for month Oct 2023

JAYA TIASA HOLDINGS BHD

Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of October 2023 as follows:

Product Production
Fresh Fruit Bunches 132,551 metric tonnes
Crude Palm Oil 26,427 metric tonnes
Palm Kernel 6,270 metric tonnes
Logs 8,915 cubic metres

This announcement is dated 10 November 2023.

This is why the bankers, lessors, suppliers are very happy voting for Stony as "Asia Pacific CEO of The Year" at the Airline Economics’ Aviation 100 Asia Pacific Awards 2023 in Singapore.

They are very happy because no haircut from Stony.

This is Stony own doing for not ironed out a debts restructure when the iron is melting hot.

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)

So just a simple question can capA not default on the the current liabilities of RM 14,208,631,000 in the next 12 months?

Stony is working like mad trying to raise cash by new borrowings, cash equity, advance sales for working capital and rollover of current liabilities just not to default on the payment due on the Current liabilities RM 14,208,631,000

If you do not pay the current planes leasing payment the lessors have the right to take back the planes.

TQ MrFox. I had traded YTLPower and YTLCorp too.
I am betting on Insas to give a better dividend and hopefully a dividend policy to unlock Insas value in the coming AGM

Another former employee recounts how meetings were usually filled with sexual innuendo. Fernandes would comment on “whether someone had good sex in a week or if someone in the office would like to have sex with someone else.” These were meetings where both male and female employees were present, the person adds.

“He used it as a tool to add humor, to make a stressful environment less stressful, without realizing that it made people feel uncomfortable and was disrespectful,” the source adds.

Very often comments that were casually thrown around were sexist, misogynistic, or even misandrist, says one source. “We didn’t take offense to it probably because we got accustomed to seeing the intent behind those comments. It was expected that none of these comments were to be taken seriously.”

At times like this, employees ran the risk of not fitting into the culture that the management created if they “didn’t play along.” Looking back now, this source says it’s “beyond comprehension” how people put up with some of the inappropriate things that were said during meetings.