Sslee

Sslee | Joined since 2016-08-31

Investing Experience Beginner
Risk Profile Moderate

Emotional Introvert Most defining characteristics: You are sensitive, melancholic and a perfectionist. You are a very emotional, caring and dedicated person. You believe that there is a bigger picture in life, one that we can’t really see, but we can feel. You are very compassionate, strong minded

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Today
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User Comments
Stock

2023-07-11 11:22 | Report Abuse

Am I right or wrong to say:
All the CapitalA creditors will demand to be pay full sum with interest. So CapitalA will need to work very hard especially Stony work his ass off for the next 10-15 years just to pay off all the creditors?

So how many years to pay off lessors, Bankers and trade/service providers?
Follow by how many years to airbus/bankers?

Lease liabilities
The lease liabilities amounting to RM14.9 billion includes deferred aircraft leases of
approximately RM2.4 billion. The lease liabilities are supported by ROU assets of RM10.1
billion and finance lease receivables of RM0.4 billion.
The Group had completed the restructuring of a total of 133 aircraft leases up to the date of
this report including the waiver of lease rentals in arrears, as well as reducing future lease
rates with a corresponding longer lease term, where necessary, and return of aircraft.
11/07/2023 11:12 AM

Commitments
Capital commitments not provided for in the financial statements are as follows:
Group
2022 2021
RM’000 RM’000
Property, plant and equipment:
- Approved and contracted for 102,608,980 97,163,376

The approved and contracted for capital commitments for the Group are in respect of aircraft purchase. The future
commitments of aircraft purchase are as follows:
Group
2022 2021
RM’000 RM’000
Later than 1 year and not later than 5 years 12,908,493 7,688,395
Later than 5 years 89,700,487 89,474,981
102,608,980 97,163,376

So AA already lost India Market, Japan Market and in Indonesia compete with local budget airline Lionair and without an AA China where AA going to employ it planes?

KUALA LUMPUR -- AirAsia's newest major shareholder Stanley Choi wants to realize CEO Tony Fernandes' long-held goal of landing the no-frills Malaysian airline in the Chinese market.

Choi now owns an 8.96% stake in AirAsia via a private placement last month. He is confident that his corporate resume that includes Hong Kong and China, where he was born, could facilitate securing the needed approvals for what could become AirAsia China.

"AirAsia has been dealing with China for a long time," the Hong Kong-based Choi told Nikkei Asia in a remote interview. "I can add value to that with my know-how and open more gateways for the company."


Updated: 19 Jun 2023 8:06 pm
IndiGo, India’s largest airline by market share, has placed a record order with European manufacturer Airbus for 500 A320 Family aircraft, the company said in a statement. It is the biggest single purchase agreement in the history of commercial aviation.

This IndiGo order book comprises a mix of A320NEO, A321NEO and A321XLR aircraft. The airline will take the delivery of these aircraft between 2030 and 2035.

The agreement takes the total number of Airbus aircraft on order by IndiGo to 1,330, making it the world’s biggest A320 Family customer.
Earlier this year, Tata-owned Air India placed orders for 470 aircraft from Airbus and US manufacturer Boeing.


NEW DELHI, June 20 (Reuters) - Air India has firmed up its order for 250 Airbus (AIR.PA) aircraft and 220 new Boeing (BA.N) jets worth $70 billion at list prices, the airline said in a statement on Tuesday, as it pursues a turnaround under its new owners.

The Tata-owned airline signed separate purchase agreements with the two planemakers at the Paris Airshow for the jets and some services, a day after domestic rival IndiGo (INGL.NS) agreed on Monday to buy 500 single-aisle planes from Airbus

News & Blogs

2023-07-11 10:16 | Report Abuse

Updated: 19 Jun 2023 8:06 pm

IndiGo, India’s largest airline by market share, has placed a record order with European manufacturer Airbus for 500 A320 Family aircraft, the company said in a statement. It is the biggest single purchase agreement in the history of commercial aviation.

This IndiGo order book comprises a mix of A320NEO, A321NEO and A321XLR aircraft. The airline will take the delivery of these aircraft between 2030 and 2035.

The agreement takes the total number of Airbus aircraft on order by IndiGo to 1,330, making it the world’s biggest A320 Family customer.
Earlier this year, Tata-owned Air India placed orders for 470 aircraft from Airbus and US manufacturer Boeing.


NEW DELHI, June 20 (Reuters) - Air India has firmed up its order for 250 Airbus (AIR.PA) aircraft and 220 new Boeing (BA.N) jets worth $70 billion at list prices, the airline said in a statement on Tuesday, as it pursues a turnaround under its new owners.

The Tata-owned airline signed separate purchase agreements with the two planemakers at the Paris Airshow for the jets and some services, a day after domestic rival IndiGo (INGL.NS) agreed on Monday to buy 500 single-aisle planes from Airbus

Stock

2023-07-11 10:03 | Report Abuse

From The Late Karpal Singh himself:
You see that’s why they say he may be a good lawyer but he’s a lousy politician. That has been a charge against me. But I think one should know that you can’t sacrifice principles for political expediency. That’s the stand I have taken and I won’t shift from that. They say in politics there are no permanent enemies or permanent friends, but I say there must be permanent principles. I must be able to look at myself in the mirror when I get up in the morning. You can’t twist and turn. That’s something that I have not been able to do and I have been criticised for it.

News & Blogs

2023-07-11 09:41 | Report Abuse

Commitments
Capital commitments not provided for in the financial statements are as follows:
Group
2022 2021
RM’000 RM’000
Property, plant and equipment:
- Approved and contracted for 102,608,980 97,163,376

The approved and contracted for capital commitments for the Group are in respect of aircraft purchase. The future
commitments of aircraft purchase are as follows:
Group
2022 2021
RM’000 RM’000
Later than 1 year and not later than 5 years 12,908,493 7,688,395
Later than 5 years 89,700,487 89,474,981
102,608,980 97,163,376

So AA already lost India Market, Japan Market and in Indonesia compete with local budget airline Lionair and without an AA China where AA going to employ it planes?

KUALA LUMPUR -- AirAsia's newest major shareholder Stanley Choi wants to realize CEO Tony Fernandes' long-held goal of landing the no-frills Malaysian airline in the Chinese market.

Choi now owns an 8.96% stake in AirAsia via a private placement last month. He is confident that his corporate resume that includes Hong Kong and China, where he was born, could facilitate securing the needed approvals for what could become AirAsia China.

"AirAsia has been dealing with China for a long time," the Hong Kong-based Choi told Nikkei Asia in a remote interview. "I can add value to that with my know-how and open more gateways for the company."

News & Blogs

2023-07-11 09:12 | Report Abuse

I3lurker,
Look like and sound like Philip's logic on dividend payout but it isn't Philip.

Posted by Philip ( buy what you understand) > Feb 1, 2023 1:30 PM | Report Abuse

the funny thing if we think about it,

DPS | DY | Payout %
48.00 Cent | 5.75% | 48.61% - PCHEM
57.36 Cent | 6.56% | 85.10% - Maybank

MBB is giving out 85.1% of its profits and can only give 57.36 cents of profits to shareholders, while pchem only gives out half its profits at 48.6% and still pay out 48 cents, the difference is pchem is selling to the entire south east asia while mbb is only allowed to do business mainly in malaysia. Pchem can still grow much much more while pay out a good dividend with more money to spare for growth and is only 66 billion, which is a fraction of the value of its worldwide competitiors with incredible profit margins and lack of competitors. if korea can give 10 year bonuses to its refinery staff, how about pchem?


prudentinvestor
2973 posts
Posted by prudentinvestor > Feb 1, 2023 3:59 PM | Report Abuse

Investors are giving Maybank a higher valuation than Petronas Chem for some reasons. Maybank's earnings over the past 12/13 years has been very consistent, averaging around 70 sen a share. Dividend per share has never dipped below 50 sen, averaging about 56 sen a share. PChem earned only 20 sen share in 2020 and 35 sen in 2019. Its eps exceeded 90 sen in 2021 and I expect it to exceed 90 sen again in 2022, all because of high oil prices. DPS for 2019 was 18 sen and for 2020 was 12 sen. Just can't compare with Maybank.

News & Blogs

2023-07-11 09:03 | Report Abuse

A Malaysian Indian how to fight with an India Indian. For sure knock out KO.

News & Blogs

2023-07-11 08:33 | Report Abuse

Good morning i3lurker,
I do not mind to be a devil advocate.
By the way In_Sight is hapilly MIA from i3forum

His last posting:
Nov 14, 2021 9:54 PM | Report Abuse

What do you know? All your negative comments went down to drain. Non came true. Talk kok number 1.

Ppl make money here. You? Talk kok only.

Even normal QR number also can get wrong.

Low IQ. Dumbo really dumbo

Stock

2023-07-11 06:48 | Report Abuse

It's about time Stony focus on the urgent task at hand/big elephant in the room. So Stony please don't disappointed all your funders/fans with another 3 months extension to submit the PN17 regularisation plan and Strengthening the balance sheet.

Fernandes intends to shift his focus to finalising the regularisation plan to uplift Capital A from the Practice Note 17 (PN17) status.

“I am encouraged that exiting PN17 is moving in the right direction. Strengthening the balance sheet and building strong growth models in all our businesses from airlines, logistics, travel and fintech digital business and aviation services is also gathering pace,” he added.

News & Blogs

2023-07-11 06:37 | Report Abuse

Well, it's better to be safe than sorry .....

General

2023-07-11 06:33 | Report Abuse

You need to name your blog title with:

Stock name: Your title name
Hopefully your blog will appear at the particular stock page

Stock

2023-07-11 06:24 | Report Abuse

Q3 end 31/9/2023. Under P&L statement will be addition expenses:
Restricted Share plan ("RSP") expenses: RM 70,500,000 X 0.18= RM 12,690,000
So guess who will pay for the increase amount?

It's Compounding Hi Sslee, from the announcement of Jaks, it shows after the grant LTIP the issued share capital will increase accordingly. May I know since it's free then who pays for the increase amount?
10/07/2023 6:46 PM

Listing Date 10-Jul-2023
New type/class? No
Type Others
Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued 70,500,000
Issue Price MYR 0.180
Par Value 0.000
Total NOSH 2,289,834,607

Stock

2023-07-10 13:20 | Report Abuse

By the way my Armada already earned me a lot of free Bintang Beer but this time I will keep Armada till the day Stony come out with the capitalA PN17 regularisation plan.

Stock

2023-07-10 13:13 | Report Abuse

Answer: So far I do not know how to short any share. On my previous blog I wrote:

My concern is that RSS and IDSS is a zero sum game where the winner will be the insiders, IBs, IBs VVIP super rich clients, manipulators, pump dump syndicate etc whereas the main loser will be the ordinary retail investors.

Bursa is not an efficient, vibrant, fair and orderly market due to many listed companies does not compliance with timely disclosure requirement or the need for urgent and accurate response to misinformation/speculative/manipulating/hearsay information by media or IBs analyst and the worst are some unscrupulous insiders/CEO working hand in hand with Pump and Dump syndicate with misleading information/manipulating quarterly result for the main purpose of share price manipulation.


https://klse.i3investor.com/blogs/Sslee_blog/2023-06-24-story-h-247496497-Bumi_Armada_Follow_up_on_my_complaint.jsp

Stock

2023-07-10 09:05 | Report Abuse

Someone cannot even differentiate a question and an answer.

Answer: I do not own any CapitalA share as I do not buy any PN17 companies share.

Question: "By the way do I need to own CapitalA share to give my fair comment in capitalA forum?"

Stock

2023-07-10 07:49 | Report Abuse

i3lurker will always have my respect eventhro' he like to trash talking my Insas and Petronm.

Unlike other quick to change his position when i3lurker start to trash talking his stock.

Posted by Zhuge_Liang > | Report Abuse

I have very high respect on i3lurker previously.
He is knowledgeable and talks with facts and figures.

He had changed from a high respect person to a low class attacker in I3 now.
He never or does not have money to buy any stock except to attack every stock in I3 intentionally or unintentionally.
I really cannot understand his motive in I3, try to help and share information to help readers or to make readers lose money by talking nonsense to bad mouth all the stocks.
Many readers had cursed him day and night, I do not know whether he feels very happy to read all these cursing remarks.
I believe i3lurker did not do well in his investment on stocks, he find his new hobby to find thrilled to attack all stocks in I3.
He liked to see all investors lost money in KLSE.

News & Blogs

2023-07-10 07:07 | Report Abuse

重要的是,在这青色浪潮,看你的庙不顺眼,尤其是对付我们那些印度庙,kuil呀,看不顺眼,就跟你拆,不让你拜,记得,槟城还在,照样拜…

所以我们要不要保护槟城?不要忘记,这些青色浪潮看我们的发展不甘愿,要把槟城拿回来,要把槟城灭掉,你们要做槟城人,要你们做什么人,要你们做吉打人,你要不要?

因为我们是槟城人,我们要跟青色浪潮讲,槟城人不允许引青兵入关啊,因为我们是有正义的槟城人,我们不是吴三桂啊,那些准备支持绿色浪潮,汉奸一个;那些支持绿色浪潮,反骨仔;那些支持绿色浪潮,会被咒,出卖祖先,遗臭万年。对不对?因为我们是槟城人。”

So what LGE trying to say and win over?

This is Malaysia not Mainland China. Anyone are free to vote PH or PN.

Is LGE' hate speech help to unite Malaysians or win over people who intend to vote PN to PH?

News & Blogs

2023-07-09 18:36 | Report Abuse

Who actually elect this dumbass LGE as DAP chairman.

What LGE hope to acheive with his extremist and provocative view over “destruction of Indian temples should the green wave phenomenon arrive in Penang shores” (Hindu temple that was demolished in Kedah in July 2020)?

Hadi’s already done a very good job in making more non-Malays vote PH (Pakatan Harapan) and what need to be done by DAP is to win over the heart of the Malay by giving more state seat to DAP Malay to contest.

Is LGE still want to contest state seat and became CM again?

Please DAP do not destroy what hope we have on PH unity government because of LGE selfishness and dumbness

News & Blogs
General

2023-07-09 14:51 | Report Abuse

In UK the north sea wind farms are actually produce more energy then the electrical grid can handle (so wind farms were paid to not supply electricity to the grid) this is how UK is so slow to plan for their green energy.

News & Blogs

2023-07-09 14:43 | Report Abuse

I3lurkerr,
ROE or return on equity or return on net worth.
If you growth your net worth yearly then your ROE will show negative growth but your growth in equity/net worth is used to grow the business/revenue and at the same time your good management able to maintain the NP margin.

So if Insas is to distribute all their retain profit then the net worth will drop and the ROE will just shoot thro' the roof.

The net worth/equity will be the same year after year if you give out all your yearly profit as dividend. But a growth company will retain some profit (growth the net worth/equity) to grow the business/revenue.

General

2023-07-09 14:19 | Report Abuse

LOL if by 2024 what America can come out is Biden Vs Trump for President then what good is America democracy?

News & Blogs

2023-07-09 13:30 | Report Abuse

I3lurker,
Please stop it.
Public Bank NP margin and ROE as below:

Ratio Analysis
AQR T4Q 31/12/22 31/12/21 31/12/20 31/12/19 31/12/18 31/12/17 31/12/16 31/12/15 31/12/14 31/12/13 CAGR
NP Margin 28.14 % 28.59 % 28.79 % 29.20 % 24.29 % 24.85 % 25.70 % 26.59 % 26.20 % 26.70 % 27.07 % 26.90 % 0.76%

ROE 13.36 % 12.54 % 12.20 % 11.74 % 10.31 % 12.64 % 13.64 % 14.64 % 15.22 % 16.21 % 16.12 % 19.90 % -5.29%

https://klse.i3investor.com/servlets/stk/fin/1295.jsp?type=last10fy

General

2023-07-09 13:19 | Report Abuse

India is not even a free market, you can just googgle how many MNC fail in India. AA Tony and Maxis Ananda are wanted man by India Government.

USA president Biden red carpet India PM modi and talking about democracy and share values pretending not to question Modi human right abuse, slave labour and extreme poverty in India where the rich get richer and the poor poorer.

What good a democracy India had done to target eradicate the extreme poor in india? None but in cohort with the extreme rich to keep the poor as slave labour.

Stock

2023-07-09 09:02 | Report Abuse

Total NOSH 2,289,834,607

Stock

2023-07-09 09:01 | Report Abuse

ALP just wants to issue more shares so that he will get his cut in free grant LTIP so the more NOSH the merry.

Stock

2023-07-09 08:37 | Report Abuse

In politics, there are no permanent friends/permanent principles or permanent enemies, just permanent interest." ... They only care about their positions and own pockets.

Stock

2023-07-09 08:15 | Report Abuse

Felix888,
Are you suffer from aftermatch of Stockholm Syndrome?
Sexual harrassment/abuse victims develop positive feelings for the abuser.


Posted by Felix888 > Jul 8, 2023 8:37 PM | Report Abuse

I just realized I know John in real life recently. Just signed demilitarized zone with him. I only against I3lurker and BobAssshole in this forum.

Stock

2023-07-09 07:53 | Report Abuse

“Happiness and freedom begin with a clear understanding of one principle: Some things are within our control, and some things are not.”

i3lurker behavior lately is very extreme and I do not know what has he went through lately that cause this extreme behavior change.
I even report abuse his post:

Posted by Sslee > Jun 21, 2023 11:40 AM | Report Abuse X
I3lurker,
For your misbehaviour. I just report abuse your above comment.

Wish i3lurker will get well soon or take a break from i3forum.

By the way why get upset/mad when i3lurker trash talking every stock in i3?

Shouldn't you be more beware of sweet talker who lure you to buy high with his pasar malam TA trend reading teaching without even knowing the company business nor the company account? And then resort to personal attack, twist and turn your word and hagging fitnah banner everywhere on those dare to challage/rebut him with facts and figures from the financial report.

Stock

2023-07-08 19:44 | Report Abuse

Felix888,

I3lurker is trying to be extremely sarcastic. In real life he should be a very nice boss and a successful person.

The one you should avoid is good for nothing troll, everyday hanging his fitnah banner and playing his broken record everywhere and sexual harrass you for no reason.

Jun 12, 2023 11:52 PM | Report Abuse Haha only the Pon Pon Bon 888 aka Ah Boyy Felix 888 is liccking ard ppl Bunttut n add Snakey oil to his Bunttut loh .. later got Show ke .. what a pity loh just for RM 10 Tickets.. oh KFC morning meal ke … hahahaha

Stock

2023-07-08 16:04 | Report Abuse

Ann. Date
Ex Date
Type
Subject
Amount
View
28-Feb-2023 14-Mar-2023 DIVIDEND First Interim Dividend RM 0.0150 Dividend Detail
30-Aug-2022 27-Sep-2022 DIVIDEND Interim Dividend RM 0.0280 Dividend Detail

Jtiasa balance sheet improve a lot, FFB havested also improve and start to pay dividend again.
I collect some at 60+ cents.

Stock

2023-07-08 15:04 | Report Abuse

From 3iii study on plantation stocks

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Jul 3, 2023 5:54 PM | Report Abuse

PLANTATION STOCKS

Company …. 2010 (RM) …. 2023 (RM) …. DIV (sen) …. Return %
INNO …. 0.45 …. 1.23 …. 57.5 …. 301%
KMLOONG …. 0.73 …. 1.77 …. 75.56 …. 246%
UTDPLT …. 7.76 …. 15.48 …. 838.83 …. 208%
FAREAST …. 1.67 …. 3.7 …. 72.89 …. 165%
BLDPLNT …. 4.51 …. 10.5 …. 58.33 …. 146%
BKAWAN …. 13.63 …. 20.76 …. 845 …. 114%
KRETAM …. 0.32 …. 0.6 …. 6.7 …. 108%
MHC …. 0.63 …. 0.89 …. 27.87 …. 86%
TSH …. 0.76 …. 0.92 …. 44.1133 …. 79%
GOPENG …. 0.48 …. 0.34 …. 38.21 …. 50%

FD .... 1.00 .... 1.00 .... 36 ... 36%

CHINTEK …. 8.11 …. 7.92 …. 314 …. 36%
IOI …. 4.18 …. 3.73 …. 154.84 …. 26%
SBAGAN …. 2.7 …. 3.25 …. 5.82 …. 23%
CEPAT …. 0.78 …. 0.68 …. 26 …. 21%
HSPLANT …. 2.7 …. 1.86 …. 134 …. 19%
UMCCA …. 6.35 …. 5.08 …. 225.83 …. 16%
GENP …. 6.94 …. 5.9 …. 167.42 …. 9%
NSOP …. 4.87 …. 3.55 …. 135 …. 1%
SOP …. 3.06 …. 2.45 …. 46.58 …. -5%
TDM …. 0.36 …. 0.18 …. 15.84 …. -6%
JTIASA …. 1.18 …. 0.69 …. 14.37 …. -29%
RSAWIT …. 0.45 …. 0.14 …. 3.73 …. -61%



Company …. [YEAR] (RM) …. 2023 (RM) …. DIV (sen) …. Return %
FGV …. [2012] 5.03 …. 1.45 …. 54 …. -60%
BPLT …. [2014] 1.11 …. 0.93 …. 45.29 …. 25%
SIMEPLT …. [2017] 5.29 …. 4.15 …. 43.2 …. -13%


Comments:

Stay focus on the few companies with superior returns.
The majority fail to beat the returns provided by risk free FDs. Will need to learn the reasons for these?
JTiasa is touted in this forum as the most undervalued relative to its NTA price. It is priced lowly for obvious reason: just look at its returns. At the bottom of the pile.
Those who wish to invest long term in plantation stocks should seriously focus on Kim Loong and United Plantations.

Stock

2023-07-08 14:52 | Report Abuse

https://tradingeconomics.com/commodity/tin

MSC on the move as tin price: (USD/T)
28530.000
+897.000
(+3.25%)

But do not cry baby and blame OTB when MSC drop because Tin price drop.

So i3lurker is right as always:

reminder
1) Leaving the party too early means you will miss out on the Mystery Gift Lucky Draw even though kenyang on cat meat satay.

2) Leaving the party too late after midnite means you will lose everything as the limousine turns into a pumpkin and all your bitcoins reverts back to rat droppings. Be careful of The Cinderella Event

Stock

2023-07-08 12:37 | Report Abuse

Or someone already trapped in CapitalA at RM 1.80 since 2020 and now trying very hard to lure newbies to take his tickets at as high a price as possible???

Stock

2023-07-08 12:20 | Report Abuse

I did not buy any Insas at RM 1.20.
I am greedy my TP 1.50 so now I regret not selling Insas at RM 1.20

My inexperience, my mistake and my fault.

How about you on CapitalA, cut win now or later regret did not cut win at 83 cents?

Stock

2023-07-08 09:05 | Report Abuse

KUALA LUMPUR: The legal tussle between Serba Dinamik Holdings Bhd and KPMG may well end up being termed as a "shoplot auditor" case

So far shoplot auditor proven boleh pakai.

Stock

2023-07-08 06:47 | Report Abuse

Stony thought he can pull the same trick by transfering aviation with billions of liabilities to AAX and one more time AAX debts restructure, capital reduction and share consolidation.

Everyone see thro' his trick and refuse to be fooled again the second time.

fool me once, shame on you; fool me twice, shame on me

Stock

2023-07-07 20:18 | Report Abuse

CapitalA is an insolvent and bankrupt company based on net current liabilities of RM (8,524,896,000) as at 31/3/2023.

It will be keep afloat if lessors, trade creditors and bankers agree to roll over current liabilities into non current liabilities on the condition CapitalA pay the full sum owed with interest over the agreed period (over 1 - 15 years)

Repost
Jun 29, 2023 4:25 PM | Report Abuse

Current lease liabilities: RM 4,425,518,000
Current aircrafts maintenance: RM 441,089,000
Current trade and other payables: RM 2,936,242,000
Current amount due to associates: RM 359,096,000
Current amount due to related parties: RM 275,443,000
Current borrowing: RM 513,640,000
Sales in advances: RM 1,546,450,000

So in 12 months time if you do not pay these IOU amt to lessors/trade, maintenance and sevices suppliers/bankers/ associate companies/related parties and provide the promised flight services to sales in advance customers then what will happen?

Stock

2023-07-07 19:06 | Report Abuse

Jaks is not investible.
All investors money will go to LTIP free grant to fatten the pocket of BOD/Top management and trade/other receivables impairment to syphon money out of Jaks to relate, friendly party or private companies.

Stock

2023-07-07 18:59 | Report Abuse

All the CapitalA creditors will demand to be pay full sum with interest. So Capital will need to work very hard especially Stony work his ass off for the next 10-15 years just to pay off all the creditors.

Stock

2023-07-07 17:10 | Report Abuse

Table 1
No. Description of Award of LTIP Shares under the RSP
1. Date of Award of LTIP Shares : 6 July 2023
2. Number of LTIP Shares to the Selected Employees : 70,500,000 shares
Executive Director/Chief Executive Officer Senior Management
Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000

The SGP (Grant of LTIP) is awarded to the above without any cash consideration.

As of the achievement yardstick used to award the SGP (Grant of LTIP) to Executive Director/Chief Executive Officer Senior Management Other Selected Employees/Executives
47,000,000 20,400,000 3,100,000
you need to ask LTIP award committees: Company already pay big cat salary and allowance and what Executive Director/Chief Executive Officer Senior Management Other Selected Employees/Executives had done/achieved that deserved all the shareholders to foot the bill for free Share Grant LTIP?

Stock

2023-07-07 16:52 | Report Abuse

soon9913 share awards to directors 47mil unitss
06/07/2023 9:41 PM

The SGP is intended to allow the company to award such number of new shares without any cash consideration payable to the ED and Senior Management of the Group.

Stock

2023-07-07 16:49 | Report Abuse

Additional Listing Announcement /Subdivision of Shares
JAKS RESOURCES BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ? No
Types of corporate proposal Others
Details of corporate proposal Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued under this corporate proposal 70,500,000
Issue price per share ($$) Malaysian Ringgit (MYR) 0.1800
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units 2,289,834,607
Issued Share Capital ($$) Malaysian Ringgit (MYR) 1,110,701,554.000
Listing Date 10 Jul 2023

Stock

2023-07-07 16:47 | Report Abuse

(i) Share Option Plan

means grantee are allowed to subscribe for new shares at the pre-determined price (based on 5 days VWAP with a discount of not more than 10%) during the tenure of LTIP.



(ii) Share Grant Plan (SGP)


The SGP is intended to allow the company to award such number of new shares without any cash consideration payable to the ED and Senior Management of the Group.

News & Blogs

2023-07-07 15:25 | Report Abuse

Prof. Dr. Mohd Ridhuan Tee Abdullah this pseudo Malay already signed on to Tun M Proklamasi Orang Melayu

News & Blogs

2023-07-07 14:03 | Report Abuse

"They only want to serve justice for Tanah Malay which accepts immigrants and their descendants whether Arabs, Indians, Pakistanis, Indonesians and others by absorbing them into the Malay race and willingly accept Malay as the national language.”

Do the real Malay realise that these pseudo Malays were actually enriched and empowered their own kind and purposely make the Malaysia real Malay poor and dependant on their handout.

My question to the real Malay for how long you want these pseudo Malays to enslaved you?

Stock

2023-07-07 08:35 | Report Abuse

Capital A Bhd.’s AirAsia Aviation Group plans to start a low-cost airline in Cambodia, as tycoon Tony Fernandes reorganizes his network following the collapse of a joint venture in Japan and sale of an India affiliate.

The airline aims to begin operations late next year after receiving regulatory approvals, Capital A said in a statement Friday. In a subsequent interview with Bloomberg Television, Fernandes said the venture will start with two aircraft and eventually expand to 15

Stock

2023-07-07 08:27 | Report Abuse

Did Stony take the wrong medicine untill his promised of PN17 regularisation plan delay from Jan 2023 till now?

AA already sold AA India closed down AA Japan unable to set up AA China so where to deploy the planes?

Is chief sustainability officer Yap Mun Ching taking the same Stony' wrong medicine?

Stock

2023-07-07 06:56 | Report Abuse

12. (i) Depreciation on right of use asset
Quarter ended
31/3/2023
RM million
Quarter ended
31/3/2022
RM million

Operating aircraft 213.0 135.8
Non-operating aircraft 112.4 209.5
Others 0.6 0.8
Total 326.0 346.1

(ii) Finance costs - lease liabilities
Quarter ended
31/3/2023
RM million
Quarter ended
31/3/2022
RM million
Operating aircraft 108.1 66.9
Non-operating aircraft 61.0 93.3
Total 169.1 160.2

So quarter end 31/3/2023 payment for aircraft lease expenses is RM 326 million
Interest payment for lease liabilities is RM 169.1 million