This is the question I put forward to TA analyst:
Question 7: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000), do you consider CapitalA is an insolvent company?

And this is the question I put forward to CapitalA IR
Question 2: 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)?

Creditors demand payment for every debts with interest because according to geary CapitalA is doing very well.

Posted by geary > Sep 7, 2023 11:37 AM | Report Abuse
CAPITALA: Hold/Optimistic!?
Nov. '93; Nov. 2023!?
Highest Quarter Profit since '93!?
Forward 2Q, FY'23: Highest Sales/Profit for the past #30 years!?
Past FA, just a reference n irrelevant, or trash anyway!?
Every businesses economic is dynamic, not fixed.
Only financial institutions not much volatility!?
Average Forward EPS: >@0.50!?
Trade at your own risk!?

I am only confident Jaks coming Q3 and Q4 result will be bad.

As on the share price, short term is a voting machine. That is why scammers campaign so hard day and night to con your vote.

Post removed.Why?

You should short CapitalA because if CapitalA fail to submit PN17 regularisation plan on or before 7 Oct deadline, Bursa can either allow the third extension or reject the request for extension and proceed to suspend and delist CapitalA from Bursa.

Fact check:
AAX survive because of Debts restructure (pay just 0.5% of debts owed), capital reduction and 10 to 1 consolidation.

Do you think CapitalA can survive as a listing company without a debts restructure?

Anyway already too late for debts restructure as creditors are smart now to demand payment for every debts with interest.

CapitalA suspension and delist from bursa is inevitable. But you still can be a shareholders of unlisted CapitalA and do the Bollywood dance with Stony during yearly private AGM meeting.

Repost for Johny fact check:

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 and Y to Y drop

Based on past 4 years norm jaks Q4 2023 another Q to Q and Y to Y 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

Since when a car rental business in Singapore is profitable?

Someone must be smart to dispose capitalA for disposal gain before Covid-19 strike. Only pdumb dumb hold icapital TTB still holding capitalA before covid-19 untill now. Most likely TTB will still dumb dumb hold capitalA till suspension and delist.

Is that sooooooo stupiiiiiiid someone cannot read nor understand what I posted on:
M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

Can anyone understand english kindly explain to sooooo stupiiiiiid why staff expense increase in 2021?

Posted by Johnchew5 > Sep 7, 2023 5:44 AM | Report Abuse
Hoho Konartist sslleee , why Insaf Staff Expenses is increased Over RM 20 million on 2021 compared to 2020 ? After the RI issued n get money from shareholders??


FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Items of expense (33,353) (42,855) (77,420) (54,632)

Post removed.Why?

Repost:
去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.

Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.

Balance sheet the non current asset associate companies value increase by RM 131.3 million

Insas still hold 537,008,575 inari share (associate company) and
1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.

Know what is the market value of 537,008,575 inari share and 1,215,718,665 M&A share?

M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

RI of Insas-PB with free Insas-WC is a way to reward shareholders. You can either sell your entitlement or subscribe for the RI
I subscribe for my RI entitlement with 10% excess application and later sold the WC for a 6 digit gain.

Someone is very jeleous I make 6 digit gain from the WC.
Recently bought back some WC because history will repeat again. In the past someone promote PA, and WC rocket pass PA. Now that someone day and night promote Jaks hence WC will/shall rocket pass Jaks soon.

Thank for pointing out the 80 sen share price alrdy adjusted for bonus issue n stock split.
Q1 EPS: 0.31 sen
Q2 EPS: 1.35 sen
Q3 EPS: 1.07 sen

Market Cap: 89 Million
NOSH: 433 Million
Avg Volume (4 weeks): 5,500,752
4 Weeks Range: 0.185 - 0.225
4 Weeks Price Volatility (%): 50.00%
52 Weeks Range: 0.09 - 0.23
52 Weeks Price Volatility (%): 82.14%

Perhap before bonus issue n stock split the NOSH is small hence more easy to goreng.

2022
IAA: PAA
RM’000 : RM’000
Non-current assets 1,409,615 : 709,801
Current assets 116,294 : 357,236
Non-current liabilities (1,992,676) : (1,021,560)
Current liabilities (1,458,377): (3,100,251)
Net liabilities (1,925,144): (3,054,775)

Name of entity Country of incorporation
Group’s effective
equity interest
2022 %
PT Indonesia AirAsia (“IAA”) Indonesia 47.43
Philippines Airasia Inc. (“PAA”) Philippines 40.00

Any good reason/reasons why CapitalA increase the equity holding of PAA with net liabilities of RM (3,054,775,000) as at 31/12/2022 from 40% to 100% in Q2 2023?

I based on past 4 years norm to write something abt the future jaks Q4 2023
This is what happen the past two 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


StartOfTheBull Kon Lee you are writing something about the future which you are unsure of.
Sslee
2,438 posts
Posted by Sslee > 8 minutes ago | Report Abuse
Q4 2023 another Q to Q and Y to Y drop due to impairment losses on trade and other receivables and impairment of goodwill.

Q4 2023 another Q to Q and Y to Y drop due to impairment losses on trade and other receivables and impairment of goodwill.

Since company 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 and Y to Y drop.

Please allow me to make correction.
Company 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 under other operating, administrative expenses

Bruce_Wayne Why then is other operating, administrative expenses so high at RM13.077M in Q2 2023?
When average employee salaries & wages per quarter is only RM3.22M!

Answer is:
--->>> RM12.69M worth of shares were given for FREE to Ang Lam Pah and charged to operating, administrative expenses.

Please remember this fact in 'Key Matters Discussed'
Long Term Incentive Plan (“LTIP”) On 10 July 2023, the Company granted 70,500,000 ordinary shares (“LTIP Shares”) under the Restricted Share Plan (“RSP”) of the Company’s Long-Term Incentive Plan (“LTIP”) to eligible directors and employees of the Group.

Post removed.Why?

Posted by OnTime > Sep 6, 2023 12:59 PM | Report Abuse
good reminder that life is short and impermanent.

Hence please leave the world a better place than you found it.

Did godofinvesting know about SASBADI stock split and bonus issue before he write:
In 2016, share price was hovering around 80 sen. Current share price is 20 sen. A difference of 4 times or 300%.
- Will SASBADI head back to its 80 sen share price levels and beyond?

https://klse.i3investor.com/servlets/stk/annent/5252.jsp
28-Jul-2017 09-Aug-2017 BONUS_ISSUE Bonus Issue 1 : 2
18-Feb-2016 04-Mar-2016 STOCK_SPLIT Subdivision 2 : 1

I thought let's go jaks means Sell Jaks thats what he is telling you

Wdlim123
let's go jaks
4 minutes ago

Agree ignore the noise. Especially avoid/ignore the one make the most noise day and night at jaks forum.

StartOfTheBull
I meant ignore the noise.
1 hour ago

SINGAPORE JET KEROSENE (PLATTS) FUTURES
Kontrak berkelanjutan
AKS1!
NYMEX
Pasar buka
120.931USDD
+3.893
+3.33%

Brent crude futures went up more than 1% to surpass $90 a barrel on Tuesday, a fresh high since November 2022, after Saudi Arabia announced it will extend the voluntary cut of one million barrels of oil per day for another three months until the end of December, to support stability and balance of oil markets. Saudi Arabia added that the cut decision which has gone into implementation in July and was extended to include August and September, will be reviewed monthly to consider deepening the cut or increasing production. At the same time, Russia also extended its voluntary reduction in oil exports by 300,000 bpd until the end of the year. On the demand side, concerns about the health of the Chinese economy continue after services PMI at the world’s largest crude importer disappointed.

A good reminder from KYY

All politicians must remember that we were all the same humans in Malaysia until RELIGION separated us, POLITICS divided us, WEALTH classified us, RACE disconnected us and CORRUPTION destroyed Malaysia.

05/09/2023 0.23 0.215 - 0.235 0.22 -0.015 (6.38%) 26,997,700
04/09/2023 0.24 0.225 - 0.245 0.235 0.00 (0.00%) 60,733,600
01/09/2023 0.20 0.20 - 0.24 0.235 +0.035 (17.50%) 184,429,300

Jaks T volume: 184,429,000: Price +0.035
Jaks T+1 volume: 60,733,600: Price + 0.000
Jaks T+2 volume: 26,997,000: Price -0.015

So you should know what will be the T+3 volume and price movement?

TQVM for the gentle reminder.
By the way don't get too close to your BFF Johny, he visit Jl Alor massage parlour/Spa every day.

A gentle remi der to you, there is no perfect medicine to cure AIDS yet

Posted by StartOfTheBull > Sep 6, 2023 7:49 AM | Report Abuse

Just a gentle reminder to Kon Lee, don't get too close to ahkua, there is no perfect medicine to cure AIDS yet

Just a gentle reminder:

The extension of time is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event:

(i) the Company fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023;
(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or
(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, 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
This announcement is dated 27 July 2023

Question 2: Will Bursa consider a third extension or Bursa will proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event CapitalA fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023?

Good morning income,
I thought someone everyday go to Jln Alor massage parlour/spa to get stock tips from massage lady that happen to get stock tips from pump and dump syndicate macai.

Thank you for the addition information:

JohnC
You always go to Jln Alor for massage hockey stick...
Every day after lunch you stop by Jln Alor for services hockey stick… already there most famous hockey stick players in Msia. You sweating and you said you were in sauna. In fact you were playing hockey stick at Jln Alor. That’s why you have to kencing a little bit at a time. Kencing busuk, Weiii.
One day you hockey stick will crack and you will cry without tears. Repent. Go back to your religion and pray hard for forgiveness from God.
05/09/2023 10:01 PM

Income JohnC is the most famous hockey stick player in i3 and also whole of Msia. Haha 😂
05/09/2023 10:09 PM

Good morning Mabel
USD to MYR exchange rate at:
30 Dec 2022: 4.3900
31 March 2023: 4.4193
30 June 2023: 4.6650

From Q2 end 30/6/2023 capitalA financial report:
P&L statement: other comprehensive expense:
Foreign currency translation differences:
Quarter end 30/6/2023: Period end 30/6/2023
RM (1,576,850,000): RM (1,506,596,000)
Balance sheet:
Capital and reserves
Foreign exchange reserve
As at 30/6/2023: As at 31/12/2022
RM (1,657,962,000): RM (153,308,000)

From Q1 end 31/3/2023 capitalA financial report:
P&L statement: other comprehensive expense:
Foreign currency translation differences:
Quarter end 31/3/2023
RM 70,264,000
Balance sheet:
Capital and reserves
Foreign exchange reserve
As at 31/3/2023: As at 31/12/2022
RM (83,054,000): RM (153,308,000)

I do not mind putting small bet for trading purpose on liquidity stocks for my free bintang beer.

But for investment, I invested on those good fundamental stocks that give regular dividend. By my last count on stocks I hold that already pay dividend or on the way to pay already declare dividend. My dividend income already break RM 200k for year 2023.

So please invest wisely.

Here we are talking about making Bursa an efficient, vibrant, fair and orderly market. But I can’t agree more on the feeling and frustration expressed by i3investor commentator:
hulwan These kinds of shenanigans, and then they wonder why our Bursa is in the doldrums

The airline is a joint venture between three Filipino businessmen and AirAsia. 60% of the airline is owned by Filipino investors Antonio O. Cojuangco, Jr., former owner of Associated Broadcasting Company and owner of Dream Satellite TV, Michael L. Romero, a real estate developer and port operator, and Marianne Hontiveros, a former music industry executive and TV host.[25] The remaining 40% is owned by AirAsia Investments Ltd. (later AirAsia Aviation Limited) of Malaysia.[7] The Public Service Act of the Philippines, prior to its amendment in 2022, only allowed a foreign direct investment of up to 40% in Philippine-registered airlines.[26]

In June 2019, Romero's F&S Holdings bought the shares owned by Alfredo Yao and Hontiveros, thus becoming the new majority shareholder in the company. Four months later, Romero acquired Cojuangco's shares, becoming the sole local owner (and parent company) of the airline.[4] In June 2023, F&S Holdings sold all of its shares to AA Com Travel Philippines for an undisclosed amount.

You must have faith in Stony.
He even can make Sir Richard Branson, owner of Virgin Air, to cross-dressed, wore lipstick, shaved his legs, put on a sexy red skirt
as one of the flight attendants and spent the 5.5-hour flight serving food and coffee, tea or me.

Repost:
Jaks facing cashflow problems will not be able to undertake anymore new job/project unless RI coming.

What ALP doing is signed many more MOU ( aka worthless toilet paper) so that he can justified his fat cat CEO salarly + benefit and more LTIP free share grant.

Jaks q2 revenue RM 3,312,000
No even enough to pay finance cost of RM 6,177,000

Last Price : 0.235
Today's Change: +0.035 (17.50%)
Day's Change: 0.20 - 0.24
Trading Volume: 184,429,300

Rotating/syndicate play. It can be 1 day, 1 week or 1 month play. So make sure you are not the one holding the dead cat when the music stop.

I can't even tell what I am going to have for the dinner.
So how to analyze the forward number when you do not have the numbers yet?

The Penang bridge is already outdated, the new in-thing is Merdeka 118 tower
Posted by i3lurker > Sep 5, 2023 2:40 PM | Report Abuse
Can I introduce you to the Penang Bridge?

For those who do not know how a weakening MYR against USD will affect CapitalA balance sheet with borrowing, lease liability and maintenance in USD:

As at 31/3/2023
Foreign exchange reserve: RM (83,054,000)

As at 30/6/2023
Foreign exchange reserve: RM (1,657,962,000)

Repost:
As at 31/3/2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 245,060,000
Foreign exchange reserve: RM (83,054,000)
Accumulated losses: RM (8,866,093,000)
Share holder RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity RM (9,376,200,000)

As at 30/6/2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 266,894,000
Foreign exchange reserve: RM (1,657,962,000)
Accumulated losses: RM (10,151,810,000)
Share holder RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity RM (10,204,687,000)

Cash flows from financing activities:
Acquisition on non-controlling interests: RM (52,061,000)
Intangible assets: RM 4,698,958,000
Acquisition of a subsidiary:
Goodwill: RM 1,971,100,000
Landing rights: RM 1,971,900,000
2Q2023 - increase effective stake to 100% in Philippine Air Asia
An acquisition of goodwill of RM 1,971,100,000 sounds like a bailout for the non-controlling interest.

Question 3: Pre-acquisition what is the group effective holding in Philippine Air Asia?
Question 4: Pre-acquisition who is/are the non-controlling interest shareholder/shareholders?
Question 5: Is the deal a willing buyer, willing seller deal and why CapitalA did not publish the details of the deal?

i3lurker,
Is it legal for CapitalA to enter to this deal that transfer more than 2 billion negative non-controlling interest equity, to equity of capitalA shareholders without any prior annoucement, publish the contract S&P terms and conditions, salient feature, what are the rational reasons for the acwuisition and how it will impact capitalA financial account post acquisition?

Did CapitalA broke any Rule and Regulation of Bursa and SC?

I will write an official complaint to SC and Bursa next weekend urging SC/Bursa to investigate the deal.

As at 31/3/2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 245,060,000
Foreign exchange reserve: RM (83,054,000)
Accumulated losses: RM (8,866,093,000)
Share holder RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity RM (9,376,200,000)

As at 30/6/2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 266,894,000
Foreign exchange reserve: RM (1,657,962,000)
Accumulated losses: RM (10,151,810,000)
Share holder RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity RM (10,204,687,000)

Cash flows from financing activities:
Acquisition on non-controlling interests: RM (52,061,000)
Intangible assets: RM 4,698,958,000
Acquisition of a subsidiary:
Goodwill: RM 1,971,100,000
Landing rights: RM 1,971,900,000
2Q2023 - increase effective stake to 100% in Philippine Air Asia
An acquisition of goodwill of RM 1,971,100,000 sounds like a bailout for the non-controlling interest.

Question 3: Pre-acquisition what is the group effective holding in Philippine Air Asia?
Question 4: Pre-acquisition who is/are the non-controlling interest shareholder/shareholders?
Question 5: Is the deal a willing buyer, willing seller deal and why CapitalA did not publish the details of the deal?

i3lurker,
Is it legal for CapitalA to enter to this deal that transfer more than 2 billion negative non-controlling interest equity, to equity of capitalA shareholders without any prior annoucement, publish the contract S&P terms and conditions, salient feature, what are the rational reasons for the acwuisition and how it will impact capitalA financial account post acquisition?

Did CapitalA broke any Rule and Regulation of Bursa and SC?

I will write an official complaint to SC and Bursa next weekend urging SC/Bursa to investigate the deal.

Business tycoon Sir Richard Branson fly AAX too.

Sir Richard Branson is AirAsia's Flight Attendant
Jumat, 19 Oktober 2018 23:30 WIB

TEMPO.CO, Sepang - AirAsia X flight number D7-237 flying from Perth to Kuala Lumpur is a flight like none other. Passengers had a once-in-a-lifetime experience being served drinks by none other than Sir Richard Branson, owner of Virgin Air, who cross-dressed as one of the flight attendants. Sir Richard's new gig was part of his promise to AirAsia boss Tony Fernandes after losing a bet a couple of years ago.

Sir Richard, founder and chairman of Virgin Group, wore lipstick, shaved his legs, put on a sexy red skirt and joined AirAsia X's cabin crew in a special charity flight. The business magnate spent the 5.5-hour flight serving food and drinks, giving out souvenirs, doing some entertaining and making in-light announcements to the passengers and media partners from around the globe. The charity flight is part of a fundraising program for the Starlight Children Foundation.

https://www.capitala.com/misc/2Q23-presentation-capitala.pdf

Financial Results Briefing:
Second Quarter 2023
29 August 2023

Capital A Corporate Highlights
● Capital A structure
- starting in June 2023, consolidated Thai AirAsia
- increased effective stake to 100% in Philippine AirAsia
- enabling a more effective strategic alignment that fortifies AAGL’s market positioning.
- better clarity on airline performance

● Capital A has arrived more than an airline
- ADE raised USD100 mil
- Teleport finalised USD35 mil loan
- Superapp finalising a termsheet to raise USD40 mil

● Capital A financial
- Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil
- Group operating cash flow over RM1 bil.

● In 2Q23, operating 146 aircraft with remaining 54 aircraft aim to reactivate by end of 2023. Slower than
expected reactivation progress was due to:
- Shortage of aircraft components and cabin furnishings in the market
- Aging aircraft require extensive maintenance services such as seat removal and comprehensive cabin interior overhauls

Conclusion:
More Aircraft for growth
Aggressive Fleet Growth
● Fleet reactivation alone is not enough to sustain our growth trajectory. After reactivating our fleet, we need to grow the fleet further.
● Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.
● We are also leasing 15 additional aircraft - 9 to be delivered in 2024, 6 in 2025.

Fundraising Outlook
● Expecting to fundraise approximately USD800 million for aviation business growth through a combination of syndicated local club loan in Malaysia, revenue bond issuance and equity fundraise.
● Also expecting to close USD40 million for Superapp and potentially raise additional USD40 million for Teleport.

Ancillary Income Drivers
● Successful experimentation with ancillaries flow and bundling expected to deliver accretive impact upon rollout beginning 4Q23.
● New ancillary products in the pipeline to deliver additional revenue opportunities.

Growth Catalysts
● There is no bottleneck in terms of manpower resources for future fleet growth.
● In August Thailand has relaxed visa requirements for Chinese travellers, setting the stage for increased travel demand from China.

PN17
● Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24

Rrpost:
BursaMaster121212 i read other broker reports, they also mention similar things like Capital is eying to lift up the PN17 by certain timeline.....not sure why SSLee only targets TA. I think he should write in to other IBs also

Nowadays even a qualified and certified CFA IBs Analyst swallow hook, line, and sinker what is presented to them during CapitalA IBs analyst briefing without question ask.

● Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24

That is why I suggest IBs analyst should include the briefing material, transcript of Q&A and interview as appendix.

I only have access to TA and Kenangan Analyst report and I found TA analyst make so many fundamental error/mistake that even an accounting student should not make.

By the way if you still holding CapitalA or thinking of buying CapitalA on the dip, my advise is whatsapp my email to your broking house or remisier and ask for their opinion.

Note: My email is with below CC list:
Investor Relations • investorrelations@ta.com.my
samuel.y@maybank-ib.com
mswatch@mswg.org.my
aduan@seccom.com.my
eeditor@bizedge.com
kanagaraju.s@bizedge.com

BursaMaster121212 i read other broker reports, they also mention similar things like Capital is eying to lift up the PN17 by certain timeline.....not sure why SSLee only targets TA. I think he should write in to other IBs also

Nowadays even a qualified and certified CFA IBs Analyst swallow hook, line, and sinker what is presented to them during CapitalA IBs analyst briefing without question ask.

● Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24

That is why I suggest IBs analyst should include the briefing material, transcript of Q&A and interview as appendix.

I only have access to TA and Kenangan Analyst report and I found TA analyst make so many fundamental error/mistake that even an accounting student should not make.

By the way if you still holding CapitalA or thinking of buying CapitalA on the dip, my advise is whatsapp my email to your broking house or remisier and ask for their opinion.

Note: My email is with below CC list:
Investor Relations • investorrelations@ta.com.my
samuel.y@maybank-ib.com
mswatch@mswg.org.my
aduan@seccom.com.my
eeditor@bizedge.com
kanagaraju.s@bizedge.com

Any reason why Jaks PP is way below its NTA per share?

Remember when Jaks dispose JSB 51% equity in JIC (Net liabilities of RM174.4 million) to ICD for consideration of RM 1.00 and report RM 71.89 million accounting gain but later need to write off the intercompany receivables from JIC as impairment losses.

Proposed Disposal is expected to contribute positively to the consolidated earnings and EPS of JRB for the FYE 31 December 2020.
JRB Group is expected to realise a gain of approximately RM71.89 million from the Proposed Disposal against the audited NL of JIC as at FYE 31 December 2019 of approximately RM140.95 million

去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.

Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS

HUAWEIHuawei Mate 60 Pro is the world’s first satellite calling phonePublished 6 days ago on August 29, 2023By Emiko MatsuiHuawei Mate 60 Pro satellite calling

Today, Huawei Mate 60 Pro launched as the world’s first phone with satellite calling feature. The company took this entirely new route to revolutionize satellite technology in mobile devices.

Huawei Mate 60 Pro users can directly call another smartphone using a satellite orbiting the Earth. This action happens without any mobile signal. Additionally, users can dial new numbers and receive incoming calls.

Currently, there are no details available on this matter. However, past information reveals that Huawei Mate 60 Pro is using China’s Tiantong-1 satellite system for its satellite calling features.

This is a satellite mobile communication system independently developed. It consists of a space segment, a ground segment, and user terminals. Currently, three of these satellites are in orbit.

What’s more interesting is that the satellite has no restrictions on signal coverage. This makes it seamlessly connected in mountains, oceans, plateaus, forests, and other scenarios.

To enable such tech, Huawei is using PA chips inside the Mate 60 Pro, which amplifies the signal and manages power consumption. A past report also suggests that the PA chips are developed domestically.

Last year, Huawei introduced the Mate 50 series with the first generation of satellite SMS, which allows only one-way SMS connectivity. In the Huawei P60 Series, Huawei upgraded this tech for two-way SMS conversation.

With this revolution, the latest satellite calling comes as a major achievement.

Repost: Secret to happiness and success

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

i3ivestor forum comment, house rule (not under my control, so live with it) but you can choose to totally ignore those good for nothing cyber trolls.

In life you are going to come across many type of people so choose who are to be your friends and who to avoid/ignore because your future success will depend on this critical choice.

Please choose wisely.
Birds of same feathers do flock together.

The figures
Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil
Group operating cash flow over RM1 bil.

And the facts
Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that under MFRS 16:

(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 130,989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)