2 more week to Q2 financial result so seatbelt light is on turbulence ahead

Q1 NPAT 108.7 million. EPS 40 3 cent
If Q2 NPAT 42.2 million. EPS 15.6 cent
So H1 EPS 55.9 cents

Year 2023 EPS should be more than RM1+

If you look at current mogas95, diesel, jetfuel and brent crude price the crack spread is very high compare to Q2 or Q1. If this crack spread can maintain till year end then Q3 and Q4 should be a better quarter than Q1 and Q2.

Without disposal gain most likely will be many more loss making quarter to come.

Someone already so fast q sell at
0.195 , 0.20, 0.205 yg masih berenang
0.21 , 0.215 harap dpt pancing Hari ini ..

In that case, I will q buy Insas-WC 0.165

buckle up sit tight and have your hands and feet inside the place at all times.......

It sound like per annoucement before the final word brace yourself crash landing.

Luckly it's not a Tesla otherwise both car will be on fire.

The last time someone promote PA, Insas-WC overtake PA.
This time I am looking forward to Insas-WC overtake Jaks.

Jaks: 0.2
Insas-WC: 0.17

Go go go Jtiasa.
Go go go Insas cantik
Oop wrong forum.

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
JAYA TIASA HOLDINGS BHD

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

Product Production
Fresh Fruit Bunches 110,269 metric tonnes
Crude Palm Oil 22,712 metric tonnes
Palm Kernel 5,300 metric tonnes
Logs 4,058 cubic metres

Note: Petron Corp H1 result/cumulative 6 months end 30/6/2023:
Net profit after tax Peso 6,142 million
Attributed to:
Equity holder: P 5,648 million
Non controlling interest: P494 million

Compare to H1 end 30/6/2022
Net profit after tax Peso 7,706million
Attributed to:
Equity holder: P 6,761 million
Non controlling interest: P945 million

Petron Corp Q2 result:
Net profit after tax Peso 2,743 million
Attributed to:
Equity holder: P 2610 million
Non controlling interest: P133 million.
Assume noncontrolling interest refer to Petronm which Petron hold 73.4% petronm thus noncontrolling interest is 26.6 %
MYR to Peso at 30/6/2023: 11.84
Thus Petronm NPAT: P133/0.266= P 500 million
MYR 500/11.84= RM 42.23 million

The negative balance of Equity reserves increased from P16.89 billion to P= 19.67 billion on account of the translation loss on investment in Petron Malaysia as a result of the weakening of Malaysian Ringgit against the US dollar.

Starting March 31, 2012, the Group’s exposure to foreign currency risks also arise from US dollar-denominated sales and purchases, principally of crude oil and petroleum products, of Petron Malaysia whose transactions are in Malaysian ringgit, which are subsequently converted into US dollar before ultimately translated to equivalent Philippine peso amount using applicable rates for the purpose of consolidation.

Oil Market
Year-on-year prices of Dubai declined by 22% to $79.0/bbl in 1H 2023 vs. $101.8/bbl in the same
period last year, with the global economic slowdown resulting to reduced economic activity.
Product cracks also weakened with gasoline cracks declining from $26.4/bbl in 1H 2022 to
$17.6/bbl in 1H 2023, diesel cracks from $36.6/bbl to $22.1/bbl, and kero-jet cracks from $27.7/bbl
to $20.2/bbl.

Can only hope Q3 will be a better quarter because of better crack spread and MY to strengthen against USD

I was just married when I work as shift manager and have my first son.

My wife cannot cope up with baby and life in Kemaman (far away from her family) so I resign after serving my 5 year contract and move back to Selangor (near my father in-law house)

Just beware Bplant q2 result will not be good without any disposal gain.

KUALA LUMPUR (June 19): Boustead Plantations Bhd (BPlant) shot up as much as 12 sen or 13.48% to an all-time high of RM1.01 in Monday (June 19) morning trading, after The Edge Malaysia weekly, citing sources, reported that Boustead Holdings Bhd is planning to divest its 57% stake in the plantations group. Year-to-date, it has risen 70.18% or 41.65 sen from 59.35 sen

Meanwhile, 49.31 million shares traded hands, making BPlant the sixth-most traded counter on Monday. The volume of traded shares was almost 25 times its 200-day average of 2.21 million.

According to the weekly magazine, bidders include YTL Group, Wilmar International Ltd, IOI Corp Bhd and Kuala Lumpur Kepong Bhd

In a note on Monday, PublicInvest Bank said it estimated that BPlant could have an enterprise value (EV) of RM2.5 billion to RM3 billion, thanks to its vast tracts of lands in Malaysia, which include strategically located parcels that are suitable for property development.

The Edge Malaysia as business news portal has every right to chase and report business unconfirmed deals. Something is definitely brewing in Boustead Plantations for share price to suddenly shoot up from 64 cents on 08/06/2003 to high of RM1.01 on 19/06/23 in just 7 trading days (It can also be the work of pump and dump syndicate)

BOUSTEAD HOLDINGS BERHAD'S CLARIFICATION ON NEWS ARTICLE TITLED "BOUSTEAD SAID TO BE DISPOSING OF PLANTATION ARM" BY THE EDGE MALAYSIA
We refer to the news article titled “Boustead said to be disposing of plantation arm” which appeared in The Edge Malaysia newspaper dated 19 June 2023.

The Company having made due inquiry with its Board of Directors, its major shareholders and all such person reasonably familiar with the matter, the Company wishes to confirm that the Company have not entered into any agreement involving the disposal of its stake in Boustead Plantations Berhad. The Company continues to focus on its business plan and value creation for its stakeholders and investors.
This announcement is dated 20 June 2023.

So do the above clarification by Boustead Holding helpful in making Bursa an efficient, vibrant, fair and orderly market?

Why can’t Boustead Holdings Bhd just answer to the point that Boustead Holdings Bhd did or did not invite bidders including YTL Group, Wilmar International Ltd, IOI Corp Bhd and Kuala Lumpur Kepong Bhd to bid for its 57% stake in the Boustead Plantation Bhd?

How this will end and who will end up as the winner and loser is yet to be played out but for sure Bursa as an efficient, vibrant, fair and orderly market is a bridge too far.

I once working as shift manager in Kemaman with an international company Tioxide producing TIO2. The company have a policy to recuit local poor from surrounding area to help them to earn a consistant salarly as labor workers doing packing job so no qualification required.

But unfortunately many resign after a few weeks as they cannot adept to working shift especailly night shift lifestyle.

So no point bringing petro chemical industries to Terengganu, it is better to teach/help local how to be productive farmer or fisherman.

Now Tun M embraced PAS and play his Ketuanan Malay card just to save his and his famaly unexplained extraordinary wealth.

This is what Tun wrote on Malay backwardness due to PAS islam then.

Tun’s book; “A Doctor in the House”
Chapter 36: Islam and Islamisation.

Tun had explained in length the golden era of Islamic Civilisation, where Islam emphasized on the need to read (Iqraq). Thus early Muslims apparently read the works of the Greeks, the Indian, the Chinese and the Persians. More than that, they carried out their own researches to add up to their body of knowledge in many fields. It was well documented that Muslim scholars are the one who pioneered astronomy, algebra, the study of disease and medicine, celestial navigation, and more.

For centuries, Muslims were well ahead of other civilisation in the mastery of the sciences, medicine and mathematics. But around the Fifteenth century, new interpretations began to spread, saying that (Iqraq) referred to the reading and acquisition of religious knowledge only. And unfortunately, Muslims and their religious teachers stress more on “fardhu ‘ain” (the performance of prayers, fasting, alms-giving and the Haj) which earns merit only for oneself is more important in the afterlife than the “fardhu kifayah”, the injunction which required that Muslim communities must have among them individually whose ability and actions will serve in the defend and promotion of the welfare of their communities and of Islam itself.

Almost immediately after such teaching, the Muslim civilisation regressed whereas the European Christians, who were then living in the Dark Ages, noticed the superiority of Muslim civilisation and decided to acquire the knowledge of the Muslim. They learnt Arabic and studied scientific and other books in the great libraries of the Muslim world and make translation first into Latin and then into other European language. Thus the European Christians rapid advancement in science and technology and with their much-improved weaponry, they were able to project their power in many Muslim lands and to the Far East.

On Chapter 58: Education
Although I was Minister of Education, the details of the Islamic syllabus were determined by Pusat Islam.

Unfortunately, the syllabus that was adopted neglected instruction in the Islamic way of life and its character-building values (ad-din). Emphasis was instead placed largely on the proper performance of the rituals. Islam was taught as a religion of ritual, of dos and don’ts of formalistic requirements and prohibitions, not as a religion of far-reaching human and moral responsibility, not as a way of life. Worse, many of the Islamic religious teachers were supporters of PAS, who took opportunity — and abused their position and public trust — to implant political creed and outlook into the minds of their young students.

Although religious teachers were of junior status in most school, they were powerful. Even the head teachers dared not discipline them for fear of being accused of failing to respect religion.

You just need to walk into any sekolah kebangsaan with agama/Jawi writting on the wall to know PAS already take over the school.

The untiy government is trying to change this with a small step to place important on Rukun Negara

KEPERCAYAAN KEPADA TUHAN
KESETIAAN KEPADA RAJA DAN NEGARA
KELUHURAN PERLEMBAGAAN
KEDAULATAN UNDANG-UNDANG
KESOPANAN DAN KESUSILAAN

DAP should talk less and work hard to win the Malay votes to unity government.

Moo is just trying to save his own skin from the corruption cases he is charged with in court.

He has nothing to offer except playing up race and religion divisive issue to pull down unity government.

I once working as shift manager in Kemaman with an international company Tioxide producing TIO2. The company have a policy to recuit local poor from surrounding area to help them to earn a consistant salarly as labor workers doing packing job so no qualification required.

But unfortunately many resign after a few weeks as they cannot adept to working shift especailly night shift lifestyle.

So no point bringing petro chemical industries to Terengganu, it is better to teach/help local how to be productive farmer or fisherman.

All need to work together or alse we will fall far behind our neighbor countries.

I workad as expat in Indonesia because of my special skil in oleo-chemical and I do not want to see in year to come Malaysians need to work as cheap labour in neighbour countries.

My second son who study in NUS and now working in Singapore already a Singapore PR.

Yesterday me joining a morning chi kung exercise class and I was impressed with local indonesians that sang their national anthem and waving their merah-putih flag in preparation for their national day on 17 Aug.

No more after Aug 12 - Anwar - YouTube https://m.youtube.com/watch?v=D30bhFH-l8c

Introduce religion study into sekelah kebangsaan has empowered PAS to brainwash many children at the very young age.

The trend is very difficult to be reversed. The next GE will depend on Sabah and Sarawak to save Malaysia

The price will move up/down/sideway till the Q2 financial result is out be fore end of this month.

There after the price will move one way when Stony run out of bollywood dance steps/moves and is forced to come up with PN17 regularisation plan or face suspension and delist.

Meawhile enjoy the bollywood dance
https://youtu.be/jk3_rBiFxD4

The problem with 3 minute charging is if everyone charge their car at the same time then all blackout (power outage)

I am very happy with my investment in Bplant:
For the record:

28/04/2021 Bplant 2,500.00
30/06/2021 Bplant 300.00
30/09/2021 Bplant 8,050.00
30/12/2021 Bplant 8,050.00

22-03-22 Bplant 23,200.00
24-06-22 Bplant 46,866.00
27-09-22 Bplant 16,912.50
22-12-22 Bplant 6,600.00

22-03-23 Bplant 16,500.00

DIvidend earned from Bplant for the last 3 years as above total RM 128,978.50

My trading gain:
Sold: RM 1,182,039.67
Bought: RM 1,119,118.55
Trading Gain: RM 62,921.12

Fact is fact so can someone good at twists and turns and hanging big fitnah banner please write something positive from the capitalA' financial report.

Coming saturday is state (Kedah, Selangor, Negeri Sembilan, Kelantan ,Terengganu and Penang) election.
Let politicians’ screams for your vote. We the silent majority will vote according to our conscious and what is best for Malaysia and our next generation. So please vote with care.

The story of a lion, a tiger and a donkey:
The donkey told the tiger, “The grass is blue.”
The tiger replied, “No, the grass is green.”
The discussion became heated and the two decided to submit the issue to arbitration. So they approach the judge lion. As they approached the lion on his throne:
The donkey started screaming, “Your highness isn’t it true that the grass is blue?”
The lion replied, “If you believe it is true then the grass is blue.”
The donkey rushed forward and continued, “The tiger disagreed with me, contradict me, annoyed me. Please punish him!”
The Lion then declared, “The tiger will be punished. Three days of silence.”
The donkey jumped with joy and went on its way content and repeating, “The grass is blue. The grass is blue.”
Well in private, the tiger asked the lion, “Your majesty, why have you punished me? After all the grass is green”
The lion replied, “You know the grass is green”
The tiger asked, “Then why do you punish me?”
The lion replied, “That has nothing to do with the question of whether grass is blue or green. The punishment is because it is degrading for a brave and intelligent creature like you to waste time arguing with an ass and on top of that you came and bother me with that question just to validate something you already knew was true. You see the biggest waste of time is arguing with a fool and fanatic who doesn’t care about truth or reality but only the victory of his or her believes or illusions. Never waste time on discussion that makes no sense, that there are people who for all the evidences presented to them do not have the ability to understand. Not that they won’t understand they just wanna to argue. Others who are blinded by ego or hatred and resentment, the only things that they want is to be right even if they aren’t. The saying goes, when the ignorant screams intelligence moves on.”

I too getting the thrill doing some trade/small bet: enjoy swimming with sharks, and getting the thrill of 'eat me not' from doing so. And, many of my small bet earned me free bintang beer and lobsters.
Cheer

Posted by EngineeringProfit > Aug 10, 2023 9:42 AM | Report Abuse
Meanwhile, Sslee must understand that many of us enjoy swimming with sharks, and getting the thrill of 'eat me not' from doing so. And, many are not contrarians too

The reason why people convert the loan stock (forgo loan stock interest of 8% per annum) is not out of love to save CapitalA some interest payment but because the trading volume of loan stock is poor/small but when converted to capitalA can sell all at one go.

Ann. Date
Date
Type
Units
Price
View
09-Aug-2023 10-Aug-2023 Conversion of Loan Stocks 40,334,000 0.750

There is a famous quote attributed to Great Depression-era economist John Maynard Keynes – “Markets can remain irrational longer than you can remain solvent”.

This is an important idea for investors to ponder. It essentially means that in the short-run (or even the medium-run) markets can (and often do) do anything.

By the way it's your money and you decide what is best for you. Remember money is not everything but everything needs money

Windy1974
There were a period of time in my investment journey where i thought i was smart by choosing low PE companies vs high PE companies and the market proved me wrong by the high PE companies share price consistently outperforming my low PE companies. I told myself, time will prove me right. Sadly, after years, time proved me wrong and now i understand why. Investment is never an exact science and we need to be humbled.

So no quarrel needed also no answer.

I must have done something right that no one dare to speak the truth or answer plain questions but choose to throw insult.

No quarrel needed just plain explanation will do.

CapitalA Q1 end 30/03/2023
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?

Note: lease liabilities mostly in USD.

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.

Is deferred lease liabilities mean rolled over unpaid lease payment due?

Market sentiment on aviation and fault/misplaced preception/insightt that CapitalA = SIA carried the day.

The real test will come end of this month quarter 2 financial result and on or before 7 Oct 2023 PN17 regularisation plan.

Ignorance is bless but ignore the accounting at your own peril!
Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

The advance ticket sell/future earning is used for current working capital meanwhile the current liabiliaties has been rolled over with increasing financial/interest charged. It is not sustainable.

So Insightt mind telling me what accounting say about Net current liabilities: RM (8,524,896,000) and Net total assets/total equity : RM (9,376,200,000)???

Posted by Insightt > Aug 9, 2023 6:06 PM | Report Abuse
For those of you who don’t know. Sslee and another same alike sslee Dickyme2 who doesn’t know accounting has been the light in this Cap A forum since covid.

Buy at your own peril.

Many of CapitalA impressive business units (SuperApp, teleport, bigpay, ADE and etc) need time to generate profit and is of no help in solving the current elephant in the room:

Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

The advance ticket sell/future profit is used for current working capital meanwhile the current liabiliaties has been rolled over with increasing financial/interest charged. It is not sustainable.

If you want to make a trade gain betting on TA trend please say so.

You do not need to cut and paste the financial data here which you do not have the capacity to understand what the data mean.

Please learn from rr88 whether today the jaks trend is on double cross bullish uptrend or double bottom bearish downtrend.

The question jaks need to answer is why every year still got impairment of trade and other receivables?

When will this impairment of trade and other receivables stop?

BANGKOK, 19 May, 2022 – Thai AirAsia X (XJ), the low fare long haul carrier, has begun preparations to initiate a rehabilitation process after its submission on 17 May,2022 was accepted by the Thai Central Bankruptcy Court on 18 May, 2022. The objective is to revamp the company’s administration process and restructure its debts, delivering greater efficiency and a solid platform for robust future growth after weathering the COVID-19 pandemic. The process will have no impact on passengers as operations will continue as usual and Thai AirAsia X prepares to reintroduce flights to South Korea and Japan from June 2022 onwards.

A 49% associate of AAX, TAAX is under bankruptcy protection or in other word AAX is still under PN17 on the below clause:

(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

I am not jealous nor have anything against Airasia, in fact I would like to thanks Airasia for providing affordable air travel that have benefited many people.

I am here trying to tell forummers to be objective and think rationally. CapitalA balance sheet is very bad

Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

Thus CapitalA will not be able to meet Bursa deadline/dateline to submit PN17 regularisation plan (CapitalA badly need new capital injection or debts restructure which is not possible at current stage) hence perhaps delist is a good option for Stony to have a free hand to restructure the business units and list some of business units to raise capital for CapitalA.

It is my hope capitalA will make a comeback with a stronger balance sheet in future.

EngineeringProfit,
I do not hold any CapitalA (because of PN17 status). You should take some profit before the Q2 result (better operation result will be cancelled by foreign exchange loss) and also don't be the last one caught holding the bag on D day 7 Oct 2023.

Knowledge is power and with great power come great responsibility.

I just trying to do the right thing that investment should be based on facts and figures available (the financial report) and not based solely on hearsay or trend alone (this one for trading which my favorite are Armada and some plantation companies)

@EngineeringProfit long time no see, how are you?. What is your opinion on the incoming state election?

The unlifted of AAX from PN17 is not tie to CapitalA but on AAX major associate and JV (TAAX and IAAX) IAAX dormant but still has unpaid Indonesia tax and TAAX still under PN17 negative equity.

(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

TAAX recorded a net profit of RM63.96 million in the current quarter. As at 31 March 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM453.4 million. In accordance to MFRS 128, any profits will only be recognised when its shares of the profits equals the share of losses previously not recognised.

IAAX has been dormant since FY2020. The Group has discontinued the recognition of its share of losses incurred by IAAX as the Group's interests had been reduced to zero. As at 31 March 2023, the unrecognised amount of the Group's share of loss of IAAX which have not been equity accounted for amounted to RM304.7

MAS done debts restructure.
AAX done debts restructure.
But CapitalA has not. Why???
Without creditors taking a hair cut, CapitalA will need to work very hard for next 10 year just to pay off the debts.

Note: With high interest rate and high oil price, CapitalA is running on empty tanks.

The fact is the more jobs Jaks tender or more projects undertake the more losses it will be.

The best way forward for jaks is don't do anything. Or can find someone like JHDP China partner, let the partner do everthing and Jaks is there to colllect money.

By the way jaks is short of money to undertake any more new project the MOUs are only for show that ALP is working hard and deserved the fat cat salary and free grant LTIP.

AAX is not an independent low cost/budget long haul airline. It depend on CapitalA for services(ticket sale, promotion, ground crew services, planes maintenance and etc)

So it is up to CapitalA whether AAX is profitable or not.

Before covid AAX did not make money because AAX too dependent on AA/CapitalA (for planes and services) or relate party transactions.

So whether AAX make money or not will still depend on how much CapitalA want to charge AAX for service provide. In short capitalA can just do profit transfer from associate/JV/relate party to CapitalA by overchanging the relate party transactions

https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1-futures-historical-data

Meaning during Major Turnaround schedule to take place in mid-June 2023, lasting for approximately seventy (70) days HRC would not be enjoying the current good crack spread.


Refine Finished Products and Brent crude price:

https://tradingeconomics.com/commodity/brent-crude-oil

https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1...

https://www.tradingview.com/symbols/NYMEX-AV02%21/

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

If your company owned 49% of capitalA then in your company balance sheet the non current asset investment in associate company/JV value is zero. (It shoould be negative if you use equity accounting)

Only untill capitalA out of PN17 then only you can account for CapitalA share of profit.

TAAX recorded a net profit of RM63.96 million in the current quarter. As at 31 March 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM453.4 million. In accordance to MFRS 128, any profits will only be recognised when its shares of the profits equals the share of losses previously not recognised.

IAAX has been dormant since FY2020. The Group has discontinued the recognition of its share of losses incurred by IAAX as the Group's interests had been reduced to zero. As at 31 March 2023, the unrecognised amount of the Group's share of loss of IAAX which have not been equity accounted for amounted to RM304.7 million

A cogen plant mean gas turbine + high pressure boiler + steam turbine and total generation capacity of gas turbine plus steam turbine = 600 MW