My article is now at number 3.
Thank all for reading the article.

TOP ARTICLES
1. Helping the B40+M40 is helping the T20: Is this the Madani government’s formula? save malaysia!
2. Sarawak will continue using RM - Abang Johari save malaysia!
3. CapitalA: My email Sslee blog

I3lurker is his normal self, trying to be extremly sarcastic.

He is a much better man compare to those Satanic Accuser, who cannot debate with facts/figures but using vulgarity to personal insult the opponent.

Acquisition on non-controlling interests: RM (52,061,000)
The acquisition of minority stake in PAA has added RM2.4bn to its retained loss but the impact was mitigated by the RM1.4bn remeasurement gain from consolidating TAA operations.

Paying RM52 million acquisition on PAA non-controlling interests and added RM2.4bn to Group retained loss sound very fishy.

https://klse.i3investor.com/blogs/Sslee_blog/2023-09-03-story-h-240972362-CapitalA_My_email.jsp

Send out this morning.

addition questions to CapitalA IR
As at 30/6/2023
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 goodwill of RM 1,971,100,000 sound 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 detail of the deal?

Next week mean anyday from next week Monday to Sunday

I have a bad feeling that if Bursa proceed to suspend the trading of the listed securities of the CapitalA and to de-list the CapitalA in the event CapitalA fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023, many retail investors will loss their hard earned money, no thank to the IBs analyst and CapitalA/Stony giving them false hope that very soon CapitalA will be uplifted from PN17.

Questions to CapitalA IR

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)

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)?

Question 3: Looking at the dire situation of CapitalA balance sheet is “Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24” achievable or another request of extension in the making?
2Q2023
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)
RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity RM (10,204,687,000)
​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position.

My questions to Tan Kam Meng (TA Securities analyst):
Question 1: From where you get the information, the company has submitted the draft document for consultation to Bursa Malaysia?

Question 2: What do you imply the increase in capital deficit would not derail its regularisation plan to uplift the company from PN17?

Question 3: Below are conditions to uplift the company from PN17, has capitalA done anything at all to comply with below conditions to uplift the company from PN17?

The PN17 regularisation plan must be in complying with the requirements under paragraph 5.4 above, the PN17 Issuer and its Principal Adviser must demonstrate to the satisfaction of the Exchange, the following:
​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position;
​ ​(b)​ ​the steps taken or proposed to be taken are comprehensive and capable of addressing the issues that had caused the PN17 Issuer to trigger the Prescribed Criteria, such that the PN17 Issuer will –
​​ ​(i) ​no longer trigger ANY of the Prescribed Criteria upon implementation of the regularisation plan; and
​ ​​​(ii) ​not trigger ANY of the Prescribed Criteria in the near future;

Event that trigger PN17:
2.1​ Pursuant to paragraphs 8.04(2) of the Listing Requirements, where a listed issuer triggers any one or more of the following Prescribed Criteria it must comply with the provisions of paragraph 8.04 and this Practice Note:
​(a) ​the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders' equity is less than RM40 million;
​ (b) receivers or managers have been appointed over the asset of the listed issuer, its subsidiary or associated company which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​​(c) a winding up of a listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​​(d)​ ​the auditors have expressed an adverse or disclaimer opinion in the listed issuer's latest audited financial statements;
​ ​​(e) ​the auditors have expressed an emphasis of matter on the listed issuer's ability to continue as a going concern in the listed issuer's latest audited financial statements and the shareholders' equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer; or
​ ​(f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

Question 4: Had CapitalA already done the below Prerequisite for you to write: “In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24?
(a) ​All agreements to be entered into with third parties as part of the regularization plan have been duly executed by all parties to such agreements; and
​(b) where the regularization plan involves a compromise or arrangement with the PN17 Issuer's creditors, the PN17 Issuer has taken reasonable steps to procure the agreement-in-principle of such creditors.

Question 5: What do you mean/where do you get the information operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23?
As at 31/12/2022
Deposits, bank and cash balances: RM 469,985,000
Sales in advance: RM 1,428,011,000
As at 31/3/2023
Deposits, bank and cash balances: RM 589,594,000
Sales in advance: RM 1,546,450,000
As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000

Question 6: As at 30/6/2023: Deposits, bank and cash balances: RM 735,003,000. Sales in advance: RM 2,024,943,000. May I ask, using the advance sales/future revenue for current working capital how will that affect the future cash flow?

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?

Benjamin Graham, "In the short run, the market is a voting machine but in the long run it is a weighing machine"

ChatGPT
Benjamin Graham is a well-known economist and investor, who is often considered the "father of value investing". The quote you mentioned is from his famous book "The Intelligent Investor", and it is often used to explain the difference between short-term and long-term investment strategies.

In the short run, the market is a "voting machine" because it is driven by the emotions and opinions of investors. People buy and sell stocks based on their perceptions of the company, the economy, and other factors, and the stock's price reflects the current sentiment of the market. In this sense, the market is like a voting machine, where each trade is a vote for or against a particular stock.In the long run, however, the market is a "weighing machine" because it is driven by the underlying fundamentals of the company. The true value of a stock is based on the company's financial performance, management, industry trends, and other factors that affect its long-term prospects. Over time, the market will reflect the true underlying value of the company, and the stock price will converge with its intrinsic value.

So, the quote is emphasizing that in the short term, the market price can be affected by emotions, sentiments, rumors and so on, but in the long run, the market price will be affected by the company's financial performance, management and so on.

https://klse.i3investor.com/blogs/Sslee_blog/2023-09-03-story-h-240972362-CapitalA_My_email.jsp

Feel free to comment.

What is CapitalA risk and reward?
Date Open Price Target Price Upside/Downside Price Call Source
30/08/2023 1.02 1.00 -0.02 (1.96%) SELL TA
30/08/2023 1.02 0.84 -0.18 (17.65%) SELL KENANGA

If CapitalA cannot submit PN17 regularisation plan on or before Bursa deadline of 7 Oct 2023, Bursa can either allow another extension or reject the request for extension and proceed to suspend and delist CapitalA.

Many people no more sharing insightful blog and comment at i3 due to Satanic Accuser repeatly copy and paste and flooding the whole i3 comment page with his big slander/fitnah banners.

Satanic Accuser should be condemned to eternal hell fire .

A long haul budget airline business modal can never be profitable. (You can check AAX past 10 years record)
https://klse.i3investor.com/servlets/stk/fin/5238.jsp?type=last10fy

The reason is Budget airline based on aircraft fast turnaround which long haul can't do.
And by the way business travel ( company paid business travel) will never use long haul budget airline. The mean cuatomers are budget tour/ tour group travel, which are seasonal.

目前，公司股东收益金超过4000万令吉，且连续4季持续盈利，我们相信将很快脱离PN17。目标价从90仙上修至1.01令吉，但评级从“买入”下修至“守住”。

Can someone with access to Maybank analyst report tell me what is 公司股东收益金超过4000万令吉 in the original english report?

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 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.

INARI’S production of RF filters hits above 85% utilisation for an upcoming US flagship smartphone. Its optical communication segment is rebounding as hyperscalers prepare for AI-readiness. Its China venture has set RMB1b revenue target by 2028. We raise our FY24-25F net profit by 3% and 7%, respectively, lift our TP by 30% to RM4.17 (from RM3.20). Upgrade to OUTPERFORM from MARKET PERFORM.

Insas hold 537,008,575 inari share.
What is/will the market value of 537,008,575 inari share?
What is/will the share of profit from Inari to insas per year?
What is/will the dividend income from Inari to insas per year?

My TP at least RM 1.50 after Insas- WC expired on Feb 2026.

Sep 1, 2023, 00:50 UTC - Sep 2, 2023, 00:49 UTC
USD/MYR close: 4.64701 low: 4.62896 high: 4.64764

https://id.tradingview.com/symbols/NYMEX-AKS1%21/

KEROSENE (PLATTS) FUTURES
Kontrak berkelanjutan
AKS1!
NYMEX
Pasar tutup
117.038USDD
+0.472
+0.40%


Brent crude futures rose above $88 per barrel on Friday, the highest since January, and were set to gain about 4.8% this week, underpinned by tightening supplies and expectations that OPEC+ leaders would extend output cuts through the rest of the year. Markets expect Saudi Arabia to extend a voluntary oil production cut of 1 million barrels per day into October, and for Russia to implement export cuts through next month as well. In the US, the latest data showed that crude inventories plummeted by 10.6 million barrels last week, far exceeding forecasts for a 3.3 million barrel draw. Meanwhile, a Reuters survey indicated that production from Iran rose to 3.1 million bpd in August, the highest since 2018.

i3lurker Income
we are talking whether it is a sin to copy Devil Man clothes or not.
I am telling him I copy everthing

No sin to copy but great sin copy and paste big slander/fitnah banner everywhere in i3 forum.
Satanic Accuser should be condemned to eternal hell fire .

SAPURA ENERGY BERHAD
Market Cap: 879 Million
NOSH: 15,979 Million
Avg Volume (4 weeks): 91,325,794
4 Weeks Range: 0.04 - 0.065
4 Weeks Price Volatility (%): 60.00%
52 Weeks Range: 0.03 - 0.065
52 Weeks Price Volatility (%): 71.43%

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description SAPURA ENERGY BERHAD ("SEB" OR "THE COMPANY")
MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 ("PN17") OF MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
We refer to our announcements dated 31 May 2022 (“the First Announcement”), 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 1 March 2023, 30 March 2023, 3 April 2023, 2 May 2023, 19 May 2023, 1 June 2023, 13 June 2023, 3 July 2023 and 1 August 2023 (“Announcements”) in relation to the Company being classified as an affected listed issuer and the disclosure requirements under Paragraph 4.1(c) of PN17. Unless otherwise stated, all abbreviations and terms used in this announcement shall have the same meanings as those defined in the Announcements.

The Board of Directors of the Company wishes to provide a status update on the Company’s efforts to address its PN17 status. Since the First Announcement, the Company has been advancing its plan to regularise the financial position of its group of companies.

The Company together with the appointed advisers are in the midst of developing and finetuning its Proposed Regularisation Plan to holistically restructure its business and financial condition.

Further to the Announcement made on 1 August 2023, the Company has participated in 1 additional CDRC mediated meeting with the MCF Financiers to seek feedback and refine the terms of the PSA.

As announced on 13 June 2023, Bursa Securities had, vide its letter dated 12 June 2023, granted the Company an extension of time of 6 months up to 30 November 2023 for SEB to submit its Regularisation Plan to the relevant regulatory authorities. With this extension, the Company has approximately 3 months to submit its Regularisation Plan to the relevant authorities for approvals.

The Company will make the necessary announcement(s) should there be any material development on the Regularisation Plan.
This announcement is dated 1 September 2023.

CAPITAL A BERHAD
Market Cap: 3,916 Million
NOSH: 4,211 Million
Avg Volume (4 weeks): 31,266,284
4 Weeks Range: 0.915 - 1.12
4 Weeks Price Volatility (%): 7.32%
52 Weeks Range: 0.56 - 1.12
52 Weeks Price Volatility (%): 66.07%

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description CAPITAL A BERHAD ("THE COMPANY")

MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Reference is made to the Company’s announcements dated 8 July 2020, 27 May 2021, 7 January 2022, 13 January 2022, 14 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022,1 September 2022, 3 October 2022, 1 November 2022, 4 November 2022, 29 November 2022, 1 December 2022 and 21 December 2022, 3 January 2023, 2 February 2023, 27 February 2023, 1 March 2023, 4 April 2023, 2 May 2023, 1 June 2023, 15 June 2023, 30 June 2023, 3 July 2023, 27 July 2023 and 1 August 2023 (“Announcements”).

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.

As announced on 27 July 2023, Bursa Securities had granted the Company an extension of time of three (3) months until 7 October 2023 for the Company to submit its regularisation plan to the relevant regulatory authorities. Therefore, the Company has approximately one (1) month to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same.

The Company will make the necessary announcement(s) regarding the development of the proposed regularisation plan accordingly
This announcement is dated 1 September 2023.

SAPURA ENERGY BERHAD major shareholder: PNB
CAPITAL A BERHAD major shareholder: Stony
Compare both the above annoucement who is more sincere and serious in preparing the PN 17 regularisation plan and who is play acting with bollywood dance?

AAX balance sheet already fulfill the lifting of PN17 but the other crucial requirements are:

1. No injection of capitalA aviation with billions of liabilities; and

2. No default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

From CapitalA quarter 2 financial report:
36. Subsequent event
On 16 August 2023, the Thai Bankruptcy Court (“Court”) commenced the proceedings to consider the business rehabilitation plan of Thai AirAsia X that was previously approved by the creditors in July 2023. The Court concluded that they have gathered sufficient evidence and information to make a decision. The Court has scheduled to render a decision in relation to the rehabilitation plan on 31 August 2023. The total amount to be written off for the Group is RM231.5 million after considering the recoverable amounts under the rehabilitation plan.
However, a provision for doubtful debt of RM223.0 million has already been made, the additional impact to the income statement of the Group will be about RM8.5 million.

Insas hold 537,008,575 inari share.
What is the market value of 537,008,575 inari share?
What is the dividend income from Inari alone per year?

I will not ask for bonus issue but I am all for better/fairer dividend and a MGO waiver for Company to do share buyback.

Insas hold 1,215,718,665 (60.83%) M&A EquityHholding Berhad

Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -

Date of Change Type Number of Shares
30-Jun-2023 Acquired 10,502,200
Registered Name M & A Nominee (Asing) Sdn Bhd for Montego Assets Limited
Nature of Interest Indirect Interest

Nature of Interest Indirect Interest
Shares Ordinary Shares
Reason Acquisition of shares in the open market.
Total no of securities after change
Direct (units) 206,627,756
Direct (%) 50.49
Indirect (units) 0
Indirect (%) 10.34
Total (units) 1,215,718,665
Total (%) 60.83
Date of Notice 05-Jul-2023

Congratulation finally PP price fixing over and someome working day and night promoting Jaks and today jaks start to move.

When will this someone sell jaks for 5 or 6 digits gain and all in CapitalA?

So insiders purposely press down price to benefit the PP. Once PP price fixing over jaks start to move again.

Is this action benefit the company or the would be PP subscribers?

More PP, LTIP and RI coming because Banks would not want to lend money to poor credit rating jaks

Thinking of buying kseng properties developer in Johor.

Insas new 52 weeks high 89 cents

Can someone post the link to this Maybank analyst report too. I would like to read the original full report in english

Posted by StartOfTheBull > Sep 1, 2023 7:40 AM | Report Abuse
The offices of AirAsia and Securities Commission are open today, just a reminder to you. 😁😁😁""""""""""""Sslee

Thanks but no thanks.
I will write in to Bursa and SC this weeked to verified TA analyst report:
In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24.

Where did TA analyst get this information and did Bursa received the draft document for consultation?

Depreciation of right of use assets: RM (680,187,000)
Finance cost- lease liabilities: RM (405,059,000)

Someone will say above expenses do not involve cash flow: That is why added back under cash flows from operating activities but conviniently omit under cash flows from financial activities:
Repayment of borrowings and lease liabilities: RM (1,107,380,000)

So tell me can CapitaA make any meaning full real profit with yearly aircrafts lease expenses of over RM 2 billion?

Quote:
"Insanity is doing the same thing over and over again and expecting different results."
- Albert Einstein -

Do you know CapitalA actually do something different in coming out with cumulative 6 months end 30/6/2023 EBITDA of RM 964,174,000 by using different accounting standard moving operation expenses/aircrafts lease expenses into:
Depreciation of right of use assets: RM (680,187,000)
Finance cost- lease liabilities: RM (405,059,000)

But is that changing anything?

Many institute fund lose big in Serbadk but for PN17 CapitalA most are retail investors that hardly can afford to lose their hard earned money.

This is another reason I am here doing a thankless job to warn retail investor not to fall for Stony great talk, conman Johnny half past six FA and TA and beware of the major/critical/catastrophe risk ahead.

EngineeringProfit is right. This is how MAS do it and get the ‘Restructuring Deal of the Year’ Award 2022.

Just wonder why Stony for reason only knew to him do not do so?

Malaysia Aviation Group Awarded the ‘Restructuring Deal of the Year’ Award at The Aviation 100 Deals of the Year Awards 2022

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.

Sales in advance: RM 2,024,943,000
Deposits, cash and bank balances: RM 735,003,000

Mean CapitalA is using future revenue for current working capital.

Couldn't agree more with EngineeringProfit. Just to recovery will take more than 10 years if everthing go smoothly without another pandemic lockdown

Posted by EngineeringProfit > Aug 31, 2023 5:00 PM | Report Abuse
All are secondary. Come on. 3 years pandemic - to recover take more than 10 years lah. Wake up

It is great to be visionary with both feet on the ground but if you think you can fly then you are suffering from grandiose delusional disorder.

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

AAX
April to June 2023
Fuel consumed (Barrels) 537,252
Average fuel price (USD/Barrel) 92
Exchange rate 4.52

CapitalA
Fuel consumed (Barrels) 2,433,184
Average fuel price (USD/Barrel) 104

Just wonder why CapitalA average fuel price is USD 12 per barrel higher than AAX?

What will be Q3 2023
Average fuel price (USD/Barrel) and Exchange rate?

INSAS:
As at 30 Sept 2022
Number of shares issued : 663,020,762 (excluding 30,327,291 treasury shares)
Class of shares : Ordinary shares
Voting rights : One vote per ordinary share

Wednesday, 28 Dec 2022 SINGAPORE: John Soh Chee Wen, the mastermind of Singapore’s biggest case of stock market manipulation that wiped out nearly $8 billion in market value in October 2013, on Wednesday was sentenced to 36 years in jail, while his co-conspirator Quah Su-Ling was handed 20 years.
The court case spanned a record 349 successful charges in some 200 days of trial over nearly four years.
Prosecutors had sought a jail sentence of 40 years for Soh, and 19½ years’ for his co-conspirator Quah.
The pair were found to have manipulated the share prices of Blumont Group, Asiasons Capital and LionGold Corp – known collectively as BAL – between August 2012 and October 2013, through 187 trading accounts held with 20 financial institutions in the names of 58 individuals and companies.

https://www.theedgemarkets.com/node/649866
I can’t help but agree with The Edge Headline: Singapore gets it right- Severe punishment is the best deterrent against future commercial crimes.
Finally justice is being served and the ghosts of yesteryear Omega Securities scandal can now Rest in Peace.

Back to Malaysia we make international headline: https://www.dailyexpress.com.my/news/203144/edge-editor-freed-of-criminal-defamation-charges-over-articles/

KUALA LUMPUR: Azam Aris, the editor emeritus of local business newspaper The Edge, was Tuesday acquitted and discharged of one criminal defamation charge after being sued for defamation over two articles on penny stock manipulation published in 2020 and 2021.
However, Azam was given a discharge not amounting to an acquittal (DNAA) for the second charge, The Edge reported.
Azam was charged in September with two counts of criminal defamation at the Magistrate’s Court against a Malaysian businessman and four firms over two articles titled “Hidden Hands Behind Penny Stocks Surge Under Scrutiny” (April 12, 2021) and “Hidden Hands Behind Penny Stock Surge” (September 21, 2020) that exposed stock manipulation on Bursa Malaysia

Luckily for Malaysians, common sense prevails otherwise we will be a laughing stock of international investing communities as a country that charged an investigating reporting editor/reporter for criminal defamation instead of bringing the market manipulators to book like what Singapore did.

I just wonder if the case happens in Malaysia, will Bursa/SC and AG have the capacity, determination and political will to go to the length and depth of Singapore SC and AG “investigating through 187 trading accounts held with 20 financial institutions in the names of 58 individuals and companies to secure a conviction of stock market manipulation”

I am guessing so far no investigation was carried out on market manipulators on the “Hidden Hands behind Penny Stocks Surge under Scrutiny” (April 12, 2021) and “Hidden Hands behind Penny Stock Surge” (September 21, 2020) that exposed stock manipulation on Bursa Malaysia.

What really saddened and angered me the most were despite clear cases of Bursa Listed Red-Chip companies CEO/Directors committed accounting fraud and abscond/runoff with hundreds of millions of Malaysians hard earned money and for reasons only knew to SC/Bursa no action were taken to recover the stolen money nor to bring Red-Chip China CEO/Directors to Malaysia Court to face Justice.

I can only hope things will start to change this year when we have a new government that promises to uphold justice, bring all crooks to book and recover the stolen money. The reformasi, reset and reboot are long overdue but it is better late than never

We need to reset our children midset to embrace our diversity of multiracial, multireligious, multicultural and multilingual with mutual respect and acceptance.

And please send racist Tun M to jail.

https://klse.i3investor.com/blogs/Sslee_blog/2023-08-31-story-h-241058666-Follow_up_email_to_Bursa_A_Happy_Hari_Merdeka_Malaysia_August_31_2023.jsp

I wish all “A Happy Hari Merdeka Malaysia August 31 2023”. May we reset our country to be zero tolerance to corruption/fraud and make collective effort to send crooks to jail and recover what was stolen from our country

Posted by Mabel > Aug 31, 2023 8:47 AM | Report Abuse
Happy Merdeka Everyone

Currently, the following risks have been identified for the company:
Major Risk - Negative equity (-RM10b).
Minor Risks - Large one-off items impacting financial results.
Source: Wall Street
Meow

Posted by EngineeringProfit > Aug 31, 2023 8:02 AM | Report Abuse
"Let’s build a community of Giant Redwoods in i3 where we support and hold up each other."
Bravo, that's the right spirit here. Bullrun is just going to happen. Don't get your capital stucked in some bull trap counters. Let's make profit$ together in Bursa. Cheers!!!


Both Mabel and EngineeringProfit are right. Meow and Cheers!!!

Repost as gentle reminder:
Super simple English:

Critical Risk- If CapitalA cannot submit PN17 regularisation plan before or on Bursa deadline 7 Oct 2023. Bursa can either allow another extension or reject the request for extension and proceed to suspend and delist CapitalA

The PN17 regularisation plan must be in complying with the requirements under paragraph 5.4 above, the PN17 Issuer and its Principal Adviser must demonstrate to the satisfaction of the Exchange, the following:
​ ​ ​
​ ​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position;
​ ​ ​
​ (b)​ ​the steps taken or proposed to be taken are comprehensive and capable of addressing the issues that had caused the PN17 Issuer to trigger the Prescribed Criteria, such that the PN17 Issuer will –
​ ​ ​
​ ​ ​(i) ​no longer trigger ANY of the Prescribed Criteria upon implementation of the regularisation plan; and
​ ​ ​ ​
​ ​ ​(ii) ​not trigger ANY of the Prescribed Criteria in the near future;

https://klse.i3investor.com/blogs/Sslee_blog/2023-08-31-story-h-241058666-Follow_up_email_to_Bursa_A_Happy_Hari_Merdeka_Malaysia_August_31_2023.jsp

I wish all “A Happy Hari Merdeka Malaysia August 31 2023”. May we reset our country to be zero tolerance to corruption/fraud and make collective effort to send crooks to jail and recover what was stolen from our country.

I do not have any intention to fight anyone.

By the way it is no fun and thankless to go against Stony fanatic fans. But someone need to state the facts/figures and tell the true.

Previouly I wrote:
Nothing destroy the share value of the company faster than a self serving or a conman CEO and many people lose his/her life saving and some even commit suicide because of insider con job/scam. The conman/scammer get away with murder because good man do nothing until when the victim is his own family member or close friends then only they regret not doing something to stop or expose the scam.

Do not live a life of regret, remorse and guilt like spider man (Peter Parker) due to his selfish misjudgment and let go a robber that he can easily caught, who later turn up as murderer of his Uncle Ben.

Knowledge is power and with great power come great responsibility.

I would like to thank the organizer for giving me the opportunity to share my presentation with you. I’m grateful to i3 bloggers and commentators for sharing their knowledge in i3 because Knowledge, if kept to your-self, has no value. Only by sharing, we create the value. Let’s build a community of Giant Redwoods in i3 where we support and hold up each other.

By the way since when stating the facts/figures and telling the true become condemn AA?

And how to encourage a fruitful discussion:
When kindly repeatly reminding/stating the facts/figures and telling the true become a parasite and keep spamming the same info for fun.

And do you need to label/personal attack on opposite opinion who is stating the facts/figures and telling the true as ignorance and lack of common sense. If you are an analysis of a firm / bank, or a fund manager, I am sure the portfolio is in RED?

And by the way if CapitalA is making all interest payment promptly and meeting its lease obligation then what is deferred aircrafts lease of approximately RM 2.7 billion?


Posted by JrWarren > Aug 30, 2023 7:39 PM | Report Abuse
1. Your comments showed your ignorance and lack of common sense. If you are an analysis of a firm / bank, or a fund manager, I am sure the portfolio is in RED.
2. Those who condemn AA from covid till now, keep cursing the company go bankrupt, I hope you never on-board AA flight at all and you dont deserve it.
3. The company is making its effort to revive the business, without any funding support from government. Ironically, the company is making all interest payment promptly and meeting its lease obligation.
4. We encourage a fruitful discussion, but dont be a parasite and keep spamming the same info for fun

Posted by xskyriver > Aug 30, 2023 10:16 PM | Report Abuse
+1 sslee please persuade the kiamsiap BOD to give extra divvy

Already trying my best to do so:

Good morning Dato' Wong,
Thank you for another good quarter for Insas.

Q4 EPS: 5.02 cents. Cumulative 12 months: 18.51 cents

As at 30/06/2023
NAPS: RM 3.53
Deposits with licensed banks and financial institutions: RM 943,505,000
Cash and bank balances: RM 104,747,000
Total: RM 1,048,252,000
Less:
Cash and bank balance pledged: RM (2,376,000)
Fixed deposits pledged: RM (233,801,000)
Free Fixed deposits and cash and bank balance: RM 812,075,000

With NAPS of RM 3.53 but share price only at 87 cents highly unreasonable undervalued.

Dato' Wong need to do something to unlock the fair value of Insas and one way to do so is by giving better/fairer dividend.

Looking forward to a better/fairer dividend and better share price to it NAPS of RM 3.53 and cash rich.

Once again thank you very much

Soo stupiiiid conman trying to cheat people or is he too stupiiiid/dumb to know what is the shareholders' equity of AAX and CapitalA???

As at 30/06/2023
AAX shareholders' equity: RM 96,133,000

CapitalA
Shareholders' equity: RM (8,390,820,000)
Non controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

Johnchew5 >> 目前，公司股东收益金超过4000万令吉，且连续4季持续盈利，我们相信将很快脱离PN17。目标价从90仙上修至1.01令吉，但评级从“买入”下修至“守住”
31/08/2023 5:57 AM

Someone jeolous I earned 6 digits when Insas-WC rocket pass his PA.
This time round very soon WC will rocket pass his jaks.
Somone better switch his jaks to Insas-WC if he aim to earn 6 digit.

Come friday, should I push Insas pass it 52 week high of 88 cents?