https://klse.i3investor.com/web/blog/detail/Sslee_blog/2023-06-13-story-h-267899357-i3admin_pleasae_take_action_on_Mikecyc_abusive_and_cyber_sexual_harassm

Me just wrote to i3 admin to get mike-tikus suspend. No need flagging

Maybe capA should sell capA aviation with billions in liabilities to Stony for RM1.
Stony can then turnaround aviation by squeezing the ball of creditors by offering 0.5 sen for evey dollar owed.

Can capA make any profit with below all in one-way flight fares available for booking starting today until Oct 25 with the travel period between March 4 2024 and Feb 12 2025?

AirAsia keen to lease Airbus A320s used by MYAirline
By BILQIS BAHARI
October 16, 2023 @ 2:18pm

AirAsia had announced fares from RM25 all-in one-way from Kuala Lumpur to Penang, Langkawi, Alor Setar, Johor Bahru and Kuala Terengganu, among others.

The offer also includes Bali, Krabi, Phnom Penh, Phu Quoc and Bangkok, among others, from RM80 all-in one-way.

AirAsia X Bhd is offering flights from Kuala Lumpur to Gold Coast, Busan, Taipei and Beijing from RM269 all-in one-way on economy seats.

Flights are available for booking starting today until Oct 25 with the travel period between March 4 2024 and Feb 12 2025.

Someone is setting up his pump and dump trap at JAKS and capA. Beware!

Me picked up somemore Jayatiasa as FFB collection has improved a lot. Borrowing also reduce a lot and very important start to pay dividend

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

Quarter end 30/6/2023.
JAKS revenue RM 3,312,000.
Itu macam revenue mana cukup bayar gaji?

Posted by paulthesotong > Oct 17, 2023 3:31 PM | Report Abuse

" We are making big progress, and I have now finalized CapA structure,.Exciting days ahead. TF

https://www.hindustantimes.com/trending/airasia-ceo-holds-management-meeting-shirtless-draws-flak-101697519980529.html

Maybe AA can also provide massage service for passengers while on AA flight.
Has Stony lost his sight?

"Was a stressful week, and Veranita Yosephine suggested a massage. Got to love Indonesia and AirAsia culture that I can have a massage and do a management meeting. We are making big progress, and I have now finalized Capital A structure. Exciting days ahead. Proud of what we have built and never have lost sight of the finish," wrote Tony Fernandes on LinkedIn.

He also shared a picture of him sitting shirtless on a chair and getting a massage while attending a meeting.

Yes someone has 200 unit capA with 61% gain.
And that someone promote jaks day and night with his half past six TA and FA for months.

Posted by geary > Oct 17, 2023 12:04 PM | Report Abuse

Sir Tony Fernandes, don't waste his Precious Time, answering Foolish Questions

Hope Stony will find some of his precious time to make sure PN17 regularisation plan is submitted before or on 31th Dec 2023.

On 16 August 2023, M & A Securities Sdn Bhd (“M&A Securities”), on behalf of the Board of Directors of Divfex (“Board”), announced that Bursa Securities, via its letter dated 16 August 2023, approved the Company’s application for an extension of time of 4 months up to 5 November 2023 for the Company to submit its Proposed Regularisation Plan to Bursa Securities.


On behalf of the Board, M & A Securities wishes to announce that a waiver application to Bursa Securities seeking its approval for a waiver to submit the Proposed Regularisation Plan and to uplift Divfex from its affected listed corporation condition has been submitted on 13 October 2023. Pursuant thereto, the proposals comprising a rights issue and establishment of ESOS that form the Proposed Regularisation Plan which was announced on 5 July 2022 are no longer required and are therefore withdrawn.

The Company will make the necessary announcements in due course upon further developments in relation to the said application.

This announcement is dated 13 October 2023.

Any good reason why Stony make the deal involve undisclosed sum to “increase effective stake from 40% to 100% in Philippine Air Asia” that transfers about negative equity of RM 2 billion from Non-controlling interest to Shareholders’ equity and about RM 1 billion addition accumulated losses?

Will the above deal help/unhelpful in shareholders’ equity to uplift CapitalA from PN17?

What will happen if losers start to sell their KNM share?

Quarter
Revenue
PBT
NP
NP to SH
NP Margin
ROE
EPS
NAPS
Financial Year: 31-Dec-2023
30-Jun-2023 3,151,131 937,105 929,362 1,118,281 29.49% 0.00% 27.50 -2.0100
31-Mar-2023 2,529,713 29,890 26,014 57,095 1.03% 0.00% 1.40 -1.3300

geary,
if Q2 EPS is 27.50 sen then why NAPS worsen from -1.33 Q1 to -2.01 in Q2?
How come CAPITALA Negative NTA -@2.01, market value much higher than Insas!
Is that mean to say capA insiders, are konmen, or scammers LOH!?
Is that mean capA a pump and dump Trap company, all insiders are crocodiles n goblins...🤮?

If MyAirline last straw that broken the camel's back is due to delays in finalising the sale of shares to investors, and the weakening value of the ringgit against the US dollar and most of MyAirline’s transactions are in USD, including aircraft leasing and fuel costs, which have seen an increase from US$113 a barrel to US$131 a barrel.”

Then how about capA?

PETALING JAYA: The government has shot down any chance of bailing out MYAirline after it ceased operations last week due to financial constraints.

“The bailout days are over. You know what I mean. You (companies) have to resolve customer (related) issues (on your own),” deputy transport minister Hasbi Habibollah said during the Special Chamber session at the Dewan Rakyat.

He was responding to Lim Lip Eng (PH-Kepong) who wanted the government’s assurance that Putrajaya would not come to the budget airline’s rescue.

Hasbi said the companny was facing several challenges, including delays in finalising the sale of shares to investors, and the weakening value of the ringgit against the US dollar.

“Most of MyAirline’s transactions are in USD, including aircraft leasing and fuel costs, which have seen an increase from US$113 a barrel to US$131 a barrel.”

Tepost:
FY 2022: FY2021
RM'000, RM'000
Revenue 89,794 108,145
But
Trade and Other Receivables 340,873 344,366

Question 1:How can Trade and Other Receivables is 3X revenue?

Question 2 Why come Q4 impairment loss on goodwill and receivables?

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

The Hai Duong project is a joint equity with China partner CPECC. Total cost is USD1.87 Billion. ( This is from initial disclosure. Might have changed during construction)
Project is 75% financed by 3 China banks and 25% equity.

It was confirmed during last AGM the banks that provide the loans for 75% finance abt USD 1.4 billion have change the loan term period to 10 years. (Banks must have their doubt about the future of coal fire power plant and demand to be payback early)

With 10 year repayment period JHDP will have cash flow problem to pay off the USD 1.4 billion term loan. You can say for sure no more dividend from JHDP till year 2031

Please explain how the RM70 million dividend received from JHDP was
utilised?

As per the Annual Report, the dividends received from JHDP in year 2022 were mainly utilised for working capital and debt servicing.

Is the Company facing issues on collections given the high receivables
recorded on the Company’s balance sheet? What are the mitigating actions in place to tackle this issue?

The receivables consist of contract and retention sums for construction projects, including the USD454m Engineering, Procurement and Construction (“EPC”) 2 Vietnam Contract. We do not foresee any problems with the collection when it is fully completed.

No wonder Jaks cannot received the retained money (receivables) for JHDP project. Jaks contracted conveyor belt transporting system is often broken.

At the meeting, Chairman of Quang Thanh Commune People's Committee Luu Huu Nhan reported: Because the conveyor belt transporting ash and slag from the thermal power plant to the gathering yard is often broken, the plant has transported it by public road and has discovered generates dust, causing environmental pollution.

"The dust is because the road has a steep slope. Going there, the car generated dust and people reported that many times they went out to block the car from moving. The government has mobilized and propagated for the people to understand so as not to lose security and order," Mr. Nhan said.

After listening to reports from relevant units, Vice Chairman of Hai Duong Provincial People's Committee Luu Van Ban concluded:

It is required that from 0:6 on September 9, Jaks Hai Duong Electric Power must immediately stop transferring ash and slag waste out of the factory by both road and waterway.

Temporary pause until the enterprise overcomes the environmental pollution situation when transferring ash and slag waste from the factory to outside.

Posted by StartOfTheBull > Oct 14, 2023 9:07 PM | Report Abuse

SSLee, I help you to post this one, because it may sounds not a negative news for you. Off course your chat mate, as before would like to twist it as bad news.

https://www.thestar.com.my/business/business-news/2023/08/31/capital-a...

1H23 core net loss narrowed significantly year-on-year to RM112mil, underpinned by the strong recovery in air travel.

Kenanga Research projected Capital A to post a net profit of RM201mil in FY23 and RM229 in FY24.

TA Research said it is optimistic about Capital A’s 2H23 outlook with stronger fare and greater demand, particularly from China and India.

“The group is confident of achieving the consensus forecast for FY23, which is RM242mil in net profit. However, its digital segment is expected to remain loss making,” Kenanga Research said.

So what can a net profit of RM201mil in FY23 and RM229 in FY24 do to capital and reserves below?

As at 30/6/2023: As at 31/12/2022
RM ‘000: RM’000
Capital and reserves:
Share capital: 8,659,652: 8,654,977
Merger deficit: (5,507,594): (5,507,594)
Other reserves: 266,894: 204,020
Foreign exchange reserve: (1,657,962): (153,308)
Accumulated losses: (10,151,810): (8,923,188)
Equity:
Shareholders’ equity: (8,390,820): (5,725,093)
Non-controlling interest: (1,813,867): (3,791,865)
Total equity: (10,204,687): (9,516,958)

Can a mere net profit of RM201mil in FY23 and RM229 in FY24 uplift capA from PN17?

Posted by The_JQuestion > Oct 14, 2023 9:59 PM | Report Abuse
SSlee any comment on teleport , santan or ADE , GTR , bigpay , ride , superapp ?

Teleport segmental revenue of RM167 mil, up 69% YoY (1H23 already achieved 68% of FY22 revenue).
● Driven by growth from existing and onboarding of new customers, reactivation of AirAsia fleet, and additional capacity from third party airlines allowing expansion into new lanes beyond AirAsia’s network.
● Significant leap for EBITDA to RM9.2 mil, from a loss of RM25 mil in prior year.

Superapp segmental revenue of RM170 mil (1H23 already achieved 82% of FY22 revenue).
● Highest quarterly EBITDA of RM40 mil, tremendous improvement from RM0.9 million in 2Q22 - improved revenue and lean cost structure.

BigPay segmental revenue of RM11 mil, up 53% YoY - due to healthy take-up rate across all products group.
● EBITDA loss narrowed by 65% YoY - due to 16% staff cost savings through reallocation of manpower to more cost effective regions (MY, TH) and one-off RM13mil - prior year audit adjustment from reversal of
bonus accruals.

ADE segmental revenue of RM138 mil, up 83% YoY (1H23 already achieved 84% of FY22 revenue)
● Thriving aviation industry and complemented by the increased hangar capacity resulting from the
additional two lines in Senai.
● EBITDA of RM36.8 mil or 27% margin.

Santan segmental revenue of RM26 mil, with an EBITDA of RM2mil.
● Driven by improved inflight products demand in tandem with increase of flight frequencies and
passenger traffic.

How much of these EBITDA will be translated into net profit?

I am sharing below news and figure. So what is your intepretation from below news and figure?


Oct 12): Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400 million (RM1.8 billion) loan, half of it from private credit funds, to refinance debt.

KUALA LUMPUR: Tuesday, 03 Oct 2023
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.


As at 30/6/2023
Beside taking in sales in advance: RM 2,024,943,000 still need USD150 million term loan for working capital and now another USD 400 million to refinance debt.

Tepost:
Posted by BobAxelrod33 > Oct 14, 2023 7:46 AM | Report Abuse
"WHEN A CLOWN MOVES INTO A PALACE, HE DOESN'T BECOME A KING. THE PALACE BECOMES A CIRCUS" ------------- Turkish Proverb

Posted by Felix999 > Oct 14, 2023 8:58 AM | Report Abuse
"The greatest enemy of civilization is the barbarian within." - Heinrich Heine


I3 has many barbarians within and the worst type is Mike-tikus and his many ID. Many right and sound minded people already leave i3 for good because of people like Mike-tikus flooding the whole forum with his repeatedly cut and paste vulgarity, insult, slander and gibberish.

I3 used to be the place where investors can exchange useful opinion, figure and fact but sadly no more because of the many barbarians within.

Repost:
Posted by BobAxelrod33 > Oct 14, 2023 7:46 AM | Report Abuse
"WHEN A CLOWN MOVES INTO A PALACE, HE DOESN'T BECOME A KING. THE PALACE BECOMES A CIRCUS" ------------- Turkish Proverb

Posted by Felix999 > Oct 14, 2023 8:58 AM | Report Abuse
"The greatest enemy of civilization is the barbarian within." - Heinrich Heine


I3 has many barbarians within and the worst type is Mike-tikus and his many ID. Many right and sound minded people already leave i3 for good because of people like Mike-tikus flooding the whole forum with his repeatedly cut and paste vulgarity,insult, slander and gibberish.

I3 used to be the place where investors can exchange useful opinion, figure and fact but sadly no more because of the many barbarians within.

Posted by BobAxelrod33 > Oct 14, 2023 7:46 AM | Report Abuse
"WHEN A CLOWN MOVES INTO A PALACE, HE DOESN'T BECOME A KING. THE PALACE BECOMES A CIRCUS" ------------- Turkish Proverb

Posted by Felix999 > Oct 14, 2023 8:58 AM | Report Abuse
"The greatest enemy of civilization is the barbarian within." - Heinrich Heine


I3 has many barbarians within and the worst type is Mike-tikus and his many ID. Many right and sound minded people already leave i3 for good because of people like Mike-tikus flooding the whole forum with his repeatedly cut and paste vulgarity,insult, slander and gibberish.

I3 used to be the place where investors can exchange useful opinion, figure and fact but sadly no more because of the many barbarian within.

Posted by SinGor > Oct 13, 2023 6:57 PM | Report Abuse
If this Revenue Loan Plan is executed-----It will suck All AA profits---Bcos the 10 destinations had to be the
MOST profitable Ones

Private credit funds is trying to squeeze every joice out of Stony' ball. If one debt default all the other debt will be recalled by bankers so what choice do Stony has to refinance debt.

AAX debt restructure 0.5 sen for every dollar owed. Capital reduction and 10 to 1 share consolidation.

The question why Stony capA did not do what AAX has done?

Why need USD 400 million to refinance debt when someone soo stupiiid give a very good example:

Johnchew5 Hoho Konartist sslleee .. scroll up to see my earlier posts … in AAX QR result : more than RM 6.0 Billion Borrowing became RM 5.0 in The Next QR result …
Being Audited le …

geary,
Know why the last capA RI is not equity right issue but RCUID 8% profit sharing per year with free warrant?

Singapore Airlines: Recapitalization Exercise
Timothy Ang | 27 Mar 2020 | 82 views

Singapore Airline’s rescue plan is revealed in a recapitalization exercise. Temasek, which owns 55.5% of the national carrier, is the underwriter of the program. Below are some highlights:

A S$8.8bn Fundraising exercise
S$5.3bn equity rights issue. Shareholders will receive 3 Rights shares for every 2 existing shares at an issue price of S$3 (c.53.8% discount to the last traded price). This amounts up to 1,777,692,487 new Rights shares to be issued.

S$3.5bn Mandatory Convertible Bond Issue. Shareholders will receive 295 Rights Mandatory Convertible Bonds (MCB) for every 100 existing shares, with the option to subscribe at $1 per MCB. The Convertible Bonds are proposed to have a 10-year maturity with zero coupon and an initial conversion price of S$4.84. At the maturity date, every S$1,000 worth of MCB will be worth S$1,806.11, and will be converted to shares at the conversion price of S$4.84 per share.

The problems with capA is because Stony do not have money to recapitalise capA.
Quote from geary, "The only PN17, criteria is Negative Equity, that will be solved sooner or later."
Sooner or later Bursa will tell capA enough is enough and proceed to suspend and delist capA.

Oct 12): Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400 million (RM1.8 billion) loan, half of it from private credit funds, to refinance debt.

KUALA LUMPUR: Tuesday, 03 Oct 2023
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.


geary,
Do you still believe quote," All debts are covered by Cash Flow" unquote?

As at 30/6/2023
Beside taking in sales in advance: RM 2,024,943,000 still need USD150 million term loan for working capital and now another USD 400 million to refinance debt.

By the way, CapA financial report is real and tell the truth the whole truth and nothing but the truth unlike Serbadk financial report with accounting fraud/fake accounting.

More than 90% of investors lose money because they do not read and understand financial report: P&L, Balance Sheet and Cashflow Statement.

That is why I consistent copy and paste of thn financial numbers so that i3 readers can have some understanding on the financial numbers or else you will be conned by the pump and dump conman to chase high.

Posted by StartOfTheBull > Oct 13, 2023 10:08 AM | Report Abuse
So the consistent copy and paste of thn financial numbers during the past three years was just an absurb act after all

CapA expand too fast with cheap ticket and aim to capture the whole Asean market.

Stony was played out in India market by the JV partner. Poker man can't delivered the promised AA China. AA Japan JV partner choice bankruptcy and AA philippine JV partner pass the hot potato with billion in liabilities back to Stony. What else can Stony do?

To be fair to CapA, covid-19 is responsible and most likely the last straw that broke the camel's back is weakening RM and increasing interest rate.

Posted by i3lurker > Oct 13, 2023 8:02 AM | Report Abuse
These parasites are getting more and more frantic daily as CapA continues to fail

Agree with i3lurker, these parasites/conman will flood the whole capA forum with cut and paste gibberish in the hope that no one will able to see our opinions, figure and fact on what went wrong in capA.

Bigpay give loan too maybe capA can borrow some money from bigpay.

The interest rate charged by ICL is in accordance with the Moneylending Act, which is not more than 12% p.a. for secured loans and not more than 18% p.a. for unsecured loans.

Everyone is welcome to borrow money from Insas credit and leasing.

Posted by xskyriver > Oct 12, 2023 8:15 PM | Report Abuse
USD400m la, not 200m...
Maybe Insas lend CapA.

Borrowings (cont’d.)
(i) Term loans and revolving credits
During the financial year, a subsidiary of the Group obtained a term loan facility amounting to USD75 million (equivalent to RM331 million) from a non-financial institution.
In the previous financial year, a subsidiary of the Group obtained a working capital loan from a non-financial institution amounting to USD150 million (equivalent to RM623 million) of which the loan has been fully drawn
as at 31 December 2022. The working capital loan has a bullet repayment due 60 months after the first drawdown and interests are payable quarterly.

(ii) Convertible loan note
In the previous financial year, a subsidiary of the Group secured an investment of up to USD100 million (equivalent to RM415 million) convertible notes at a coupon rate of 6% per annum from SK Group, a South Korean conglomerate. The convertible loan notes will be converted into preference shares in a subsidiary within one year upon approval obtained from regulators.

(iii) Other facilities
During the financial year, a subsidiary of the Company secured a Predelivery Payment (“PDP”) financing at a net borrowing amount of USD102.5 million (equivalent to RM448 million) from a non-financial institution.

(iv) RCUIDS
In the previous financial year, the Company completed the renounceable rights issue (“Rights Issue”) of RM974,513,219 in nominal value of 7-year redeemable convertible unsecured islamic debt securities (“RCUIDS”) at nominal value of RM0.75 each based on the Shariah principal of Murabahah (via “Tawarruq Arrangement”) comprising 1,299,350,959 RCUIDS together with 649,675,479 free detachable warrants (“Warrants”) on the basis of 2 RCUIDS with 1 warrant for every 6 ordinary shares in the Company following the listing and quotation on the Main Market of Bursa Securities. The Rights Issue is constituted by a trust deed dated 18 November 2021.
The salient features of the RCUIDS are as follows:
(a) The profit rate for the RCUIDS is 8% per annum, computed based on the nominal value of the outstanding
RCUIDS and payable quarterly in arrears;
(b) The RCUIDS shall be convertible into new ordinary shares of the Company by surrendering for cancellation RM0.75 nominal value of one RCUIDS for one new ordinary share of the Company at any time on and after 31 December 2021 (“Issue Date”) up to 31 December 2028 (“Maturity Date”)

https://klse.i3investor.com/blogs/Sslee_blog/2021-11-06-story-h1593693467-Sharing_my_thought_with_INSAS_comrades.jsp

Feel free to enjoy reading about me.

2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000, net current liabilities RM (11,938,731,000), what is CapitalA plan funding in the next 12 months to meet the obligation of net current liabilities of RM (11,938,731,000)?

It must be someone fault for saying AAX QR result : more than RM 6.0 Billion Borrowing became RM 5.0 in The Next QR result …
Being Audited le …
and now banks do not wants to lend money to capA


Posted by johnlim1001 > Oct 12, 2023 1:47 PM | Report Abuse
After Tony playing the same trick like what he did on AAX, forcing debtors to accept 0.5% of repayment as settlement, Capital A will be a equity positive company and can get the PN17 lifted.

So now even banks and financial institutions also afraid to lend money to capA and capA need to tap into private credit funds to refinance debt?

Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400 million (RM1.8 billion) loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

Johnchew5 Hoho Konartist sslleee .. scroll up to see my earlier posts … in AAX QR result : more than RM 6.0 Billion Borrowing became RM 5.0 in The Next QR result …
Being Audited le …

No bank is so stupiiid to lend more than RM 6 billion to AAX and then accept 0.5 sen per RM 1.00 owed.
So can so stupiiid name me which banks lend more than RM 6 billion to AAX?

I expect everyone will run to the exit door if and when Bursa reject capA request for the extension to submit PN17 regularisation and Bursa Securities shall suspend the trading of the listed securities of the Company on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting

Soon there will be many disgruntled capA shareholders.

Stony tell you capA PN17 is just an accounting issue, you believe. When Stony tell you PN17 regularisation plan will be ready by 7 Jan 2023, then 7July 2023 then 7 Oct 2023 then 31 Dec 2023, you also believe. When Stony tell you Q2 end June 2023 Gain on remeasurement of previously held interest RM 1,369.258 million, you also believe.

But then why you do not believe that CapA financials is real and tell the truth the whole truth and nothing but the truth that CapA is making losses flying people and heavy losses on foreign cirrency translation diffrence of RM 1,576 million?

By the way do you believe sooo stupiid conman claimed that AAX Borrowing over RM 6.0 Billion is settled.. . 0.5 sen for every dollar owed.

https://klse.i3investor.com/blogs/Sslee_blog/2021-11-12-story-h1593811488-AAX_Creditors_Can_AAX_treating_its_customers_as_creditors_and_repay_the.jsp

Someone is promoting Jaks and capA day and night with misleading ,misinformation and fabricated half past six financial informationan trying to con people to buy jaks and capA.

No prizes for guessing what he been up to.