Beware HRC is having Major Turnaround schedule to take place in mid-June 2023, the duration of which will go on for approximately seventy (70) days.

The back door is designed by Tun M and now you know why Malaysians love back door. It is a short cut to success.

Matriculation is a backdoor design for certain group of people to enter certain courses in local university.

If you admit certain people that is not qualify to do a certain course then you need to open another back door (KPK) to help them to graduate.

After graduate due to their lack of indept knowledge, you need to open another back door to employ and promote them to admin.

No PP no problem still can RI.

One on a better option Stony should consider is to allow CapitalA to be delisted as at currrent stage or near future capitalA will not be able to meet Bursa Listing requirement. (Already too late for a debts restructure as creditors are smart enough to demand full payment with interest)

Once CapitalA is de-list then Stony will then has a free hand in how to restructure the business and relist some of those potential business units in futute in order to pay off all the debts.

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;

What the above sentense implied?

Someone suddenly do not has confident that Stony will submit PN17 regularisation plan on or before 7th Oct 2023.

Somone is now on panic mood that CapitalA suspension and de-list is inevitable.

Profit for the financial quarter end 31/3/2023: RM 327,998,000 boosted by reversal of provisions on debts and investments amounting to
RM265.9 million.

Without the reversal the NP is RM (327.9-265.9) = RM 62 million.

So the statement last QR 70sen EPs clearly shows how profitable is the business now is only half truth.

Bursa already gave CapitalA ultamatum to submit PN17 regularisation plan on or before 7th Oct 2023 or face suspension and delist.

The truth about EV is if more EC on the road then the power generation and power grid will be overloaded.

Jet Fuel station in Airport Singapore
Airport Fuel Price EURO USD
CHANGI INTL Jet A-1 / F-35 or AVTUR 295.0 USD/100 UGL €267.61 $295
SELETAR AIRPORT BF Jet A-1 up to 50% SAF 176.83 SGD/100 L €121.01 $133.4
SELETAR AIRPORT AeroJet 204.03 SGD/100 L €139.63 $153.92
SELETAR AIRPORT Jet A-1 / F-35 or AVTUR 114.03 SGD/100 L €78.04 $86.03
SELETAR AIRPORT AVGAS 100LL (<0.1% benzene) 370.0 SGD

USD 295/100 UGL or USD 2.95x42=123.9 /bbl
04/08/2023 1:49 PM

Post removed.Why?

Jet Fuel station in Airport Malaysia
Airport Fuel Price EURO USD
KOTA KINABALU INTL Jet A-1 / F-35 or AVTUR 2.38 MYR/L €0.49 $0.54
MIRI Jet A-1 / F-35 or AVTUR 2.71 MYR/L €0.55 $0.61
KL INTERNATIONAL Jet A-1 / F-35 or AVTUR 200.0 USD/100 UGL €181.43 $200
LABUAN ISL Jet A-1 / F-35 or AVTUR 3.79 MYR/L €0.77 $0.85
TAWAU Jet A-1 / F-35 or AVTUR 3.79 MYR/L €0.77 $0.85
KUCHING INTL Jet A-1 / F-35 or AVTUR 2.38 MYR/L €0.49 $0.54


Note:
KL: USD 200/100 UGL or USD 2x42= 84/bbl
KK and Kuching RM 2.38/liter
Miri RM 2.71/liter
Labuan and Tawau already adjust the price to RM 3.79 per liter

Wait for next week price to see any price adjustment
https://jet-a1-fuel.com/price/malaysia

Malaysia is in a very sorry state where our only choice of government is cast your vote for the lesser of two evils.

But it is still better then USA force to choose between Biden and Trump

SINGAPORE JET KEROSENE (PLATTS) FUTURES

Kontrak berkelanjutan

AKS1!NYMEX

Pasar buka
112.834USDD
+1.658
+1.49%

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

Case 4: Questionable financial/information disclosure on disposal of JSB 51% equity to ICD for consideration of RM1.00
Bursa Ref:
https://klse1.i3investor.com/blogs/Sslee_blog/2021-05-07-story-h1564320380-JAKS_What_should_I_response_Any_advice.jsp

JAKS Financial ended: 2022: 2021: 2020: 2019
Impairment loss on:
Trade receivables RM: 5,099,410: 9,848,415: 25,862,099: 5,318,354
Other receivables RM: 18,737,258: 13,461,525: 45,331,965: 7,188,995

SERBA DINAMIK HOLDINGS BERHAD
Financial: 9 months ended 31/3/2023: Year ended 30/6/2022: 30/6/21
Impairment of trade and other receivables RM: 865,009,000: 393,205,000: 394,998,000

I cannot believe that Bursa reply to me on impairment of receivable: Please also note that it is the prerogative of the Board of Directors of the listed issuer whether to take legal action with regard to recovery of the receivables.

So impairment of receivables did complied with approved accounting standards and can be used as a legal way to whitewash accounting fraud or siphoning listed company money to relate party, friendly party or to own private company?

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

Referred to FY23 , 1 QR ended March 2023 :
a) Financial assets
Trade and other receivables 337,839,000

Revenue:
FY22: RM 89,794,000
FY21: RM 109,661,000
FY20: RM 259,378,000

Trade and other receivables is greater then sum of FY21 and F22 revenue.
Just waiting for external auditor to provide for impairment of Trade and other receivables FY2023.

RI of RPS with fixed interest payment and maturity date + free warrant is a way to reward rich shareholders who is rich enough to subscribe for the RI with excess application.

So now you know capitalA last RI is for what purpose?

Financial Year
Subject Rights Issue
Type RightIssue
Description RENOUNCEABLE RIGHTS ISSUE OF RM974,513,219.25 IN NOMINAL VALUE OF 7-YEAR REDEEMABLE CONVERTIBLE UNSECURED ISLAMIC DEBT SECURITIES ("RCUIDS") AT NOMINAL VALUE OF RM0.75 EACH BASED ON THE SHARIAH PRINCIPLE OF MURABAHAH (VIA TAWARRUQ ARRANGEMENT) ON THE BASIS OF 2 RCUIDS WITH 1 FREE DETACHABLE WARRANT FOR EVERY 6 ORDINARY SHARES IN AIRASIA GROUP BERHAD ("AAGB") HELD BY THE ENTITLED SHAREHOLDERS AT 5.00 P.M. ON 2 DECEMBER 2021 ("RIGHTS ISSUE")
Amount 2.0000 : 6.0000
Ex Date 01-Dec-2021
Entitlement Date 02-Dec-2021

Did someone know the different between RI of share and RI of RPS with fixed interest payment and maturity date?

I doubt if someone know what is lease liabilities?

Somone promoting Jaks but sadly not even know how to read financial report.
So did somone now know what is bank borrowing principal payment and flowing rate interest payment, how to calculate net profit and net cash flow available for dividend distribution?

Fundamental analysis (FA)

Fundamental analysts study anything that can affect the stock's value, including macroeconomic factors (e.g. economy and industry conditions) and microeconomic factors (e.g. financial conditions and company management). The end goal of fundamental analysis is to produce a quantitative value (Intrinsic Value) that an investor can compare with a stock's current market price, thus indicating whether the stock is undervalued or overvalued. Fundamental analysis is a method of evaluating a stock in an attempt to assess its intrinsic value.

In summary Fundamental Analysis cover:

QUANTITATIVE
Financial data/ratio contain in current and past financial report.

QUALITIVE
Economy condition (Current and future)
Industry condition (Current and future)
Company management (Current and future)
Profit growth prospect (Current and future)
In short what many people term as Business Sense (BS) is actually the qualitative part of Fundamental Analysis. BS is subset of FA.

Beside explaining the relationship between TA, FA and BS, I emphasis important of reading financial report: P&L statement, Balance sheet, Cash Flow and working out the intrinsic value.

Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)
Example of intrinsic value of INSAS is then the Sum of DCF expected cash flow from varies business streams.
For INSAS assets rich case, it is my opinion that the liquid assets minus total liabilities should be added to this intrinsic value

Other countries are transitioning from a dependency on cheap labour to high-value investments, but Malaysia languishes in the old mantra, resulting in a lack of improvement in the standard of living for most people.

The sluggish economy is also seen in the stock market, with most listed companies’ valuations are based on share prices that are much lower than their actual assets.

So what to say when Insas is selling below its cash and bank deposits and Insas still hold 537,008,575 inari which provide consistant quarterly dividend to Insas.

CapitalA will survive or even prosper in longer term. But in immediate (current) term it will not meet Bursa Listing requirement and will be delist so that Stony can then have a free hand in how to restructure the business and relist some of those potential business units in futute in order to pay off all the debts.

https://klse.i3investor.com/blogs/Sslee_blog/2019-03-02-story196085-Investment_Bloggers_day_I3.jsp

I already done so in educate people on TA, FA, BS and inportant of reading financial report.

It doesn't matter whether you say the glass is half-full or half-empty. The fact remain the same.

Low-cost Airlines in Asia
From sources across the web

AirAsia
IndiGo
Scoot
Jetstar
Cebu Pacific
Lion Air
Nok Air
Jetstar Asia
SpiceJet
AirAsia X
Citilink
VietJet Air
Peach
Tiger Airways
Indonesia AirAsia
Spring Airlines
Thai AirAsia
Jeju Air
GoAir
Malindo Air
Jetstar Pacific
Jetstar Japan
Skymark Airlines
Air Busan

I only gave fair comment based on available fact.

Mind telling us what fact you based on to comment below???

Posted by CapitalB > Aug 2, 2023 12:27 PM | Report Abuse
Cap A price no up for this few today.. Why sslee so rush with bad comment? Really cant understand what the mad people mind thinking..

From the past record insiders press down price to issue more PP share at lower and lower price.

Form the number of PP share issues management can then allocate addiition 15% as LTIP.

Ann. Date
Date
Type
Units
Price
View
26-May-2023 29-May-2023 Private Placement 129,017,000 0.185 Additional Listing Detail
30-Jun-2021 01-Jul-2021 Private Placement 272,667,000 0.475 Additional Listing Detail
27-May-2019 28-May-2019 Private Placement 58,465,313 0.700 Additional Listing Detail
29-Mar-2018 30-Mar-2018 Private Placement 49,631,200 1.380 Additional Listing Detail
23-Mar-2017 24-Mar-2017 Private Placement 43,836,100 1.360 Additional Listing Detail

Basic accounting:
Profit is after depreciation and interest paymemt.

Operation cashflow is then = profit + depreciation + interest payment

Financial cash out flow = bank installments payment = principal payment + floating rate interest payment (0n principal sum balance)

Cash available for dividend is the operation cash flow minus financial cash outflow.

Petron closes first half with P6.14 billion net income amid market challenges
Aug 1, 2023

Petron reports consolidated net income of P3.4 billion in Q1 2023
May 10, 2023

Do anyone know that AA no more rule the skies.
Know how many low cost airlines in Asia now?

In Malaysia, the average annual salary is US$18,799 (RM83,035), but the estimated average annual minimum wage is only US$4,735. Even with the new minimum wage of RM1,500, it is only US$340 per month, compared to US$1,070 per week in the US.

Despite the government’s noble intention to increase the minimum wage, it only benefits the two million foreign workers, who receive an additional income of RM600 million per month or RM7.2 billion per year.


The bigger problem in Malaysia is the middle-income trap.

After more than 60 years of independence, engineers in the northern region working in unknown companies or non-multinational companies are known to be receiving a meagre starting salary of RM1,800 per month, which is well below the Poverty Line Income (PLI) of RM2,208.

According to a CEBR report in 2000, Malaysia’s per capita GDP was US$6,393, while Romania then recorded a figure of US$4,549 and China only US$2,194.

In 2021, while Romania and China’s per capita GDP increased to US$11,590 and US$11,188 respectively, Malaysians’ income grew moderately to US$10,827 per annum, indicating a stagnant economy since 2017. According to another data, Malaysia’s per capita GDP has actually remained static since 2014.


Other countries are transitioning from a dependency on cheap labour to high-value investments, but Malaysia languishes in the old mantra, resulting in a lack of improvement in the standard of living for most people.

The sluggish economy is also seen in the stock market, with most listed companies’ valuations are based on share prices that are much lower than their actual assets.

The GDP per capita data suggest that Malaysia is a prime example of a country stuck in the so-called middle income trap, where countries develop rapidly initially, taking advantage of supplies of cheap labour, but stagnate when their living standards reach a certain level as they fail to invest in higher productivity activities and lose out on international investment to countries with cheaper labour costs.

Only Falun Gong cult member has so much blind hatred toward CCP.

Only those with hidden agenda (either because of blind hatred or they are paid to do so) will be so free to selectively posted negative articles regularly/smear campaign to undermine a particular country and their government system.

Just ask any India poor what India government had done to eradicate poverty in India?

Singapore success follow Malaysia model???

Meritrocracy vs entitlement
Uncorruptable vs systematic corruption
Fair and square vs nepotism, cronyism and rent seeker
Government of the people for the people vs Government of the politician for the politician
Religion/race harmony and freedom vs religion/race bigotry and extremism
Rule by law vs rule by AG

Posted by Mabel > Jul 31, 2023 7:03 PM | Report Abuse

Singapore success follow Malaysia model with significant progress in recent years in terms of economic growth, modernization and expansion of its telecommunication system, and diversification of its economy from dependence on manufacturing, services, and tourism.

Dear Aseng,
No need to say SORRY. I already put the PAST down, but you’ve been carrying the PAST all day long.

Dear Aseng,
No need to say SORRY. I already put the PAST down, but you’ve been carrying the PAST all day long.

Dear Aseng,
No need to say SORRY. I already put the PAST down, but you’ve been carrying the PAST all day long.”

Dear Aseng,

A senior monk and a junior monk were traveling together. At one point, they came to a river with a strong current. As the monks were preparing to cross the river, they saw a very young and beautiful woman also attempting to cross. The young woman asked if they could help her cross to the other side.

The two monks glanced at one another because they had taken vows not to touch a woman.

Then, without a word, the older monk picked up the woman, carried her across the river, placed her gently on the other side, and carried on his journey.

The younger monk couldn’t believe what had just happened. After rejoining his companion, he was speechless, and an hour passed without a word between them.

Two more hours passed, then three, finally the younger monk could contain himself any longer, and blurted out “As monks, we are not permitted a woman, how could you then carry that woman on your shoulders?”

The older monk looked at him and replied, “Brother, I set her down on the other side of the river, why are you still carrying her?”

—

This simple Zen story has a beautiful message about living in the present moment. How often do we carry around past hurts, holding onto resentments when the only person we are really hurting is ourselves.

We all go through times in life when other people say things or behave in a way that is hurtful towards us. We can chose to ruminate over past actions or events, but it will ultimately weigh us down and sap our energy.

Instead we can choose to let go of what doesn’t serve us anymore and concentrate on the present moment. Until we can find a level of peace and happiness in the present circumstances of our lives, we will never be content, because ‘now’ is all we will ever have.

Should Police investigate Moo for instigating/inciting Race and Religion hatred?

StartOfTheBull,
Have you book your ticket?

As AirAsia continues to expand its routes and the number of flights between Malaysia and China, the airline is also launching discounted fares to all destinations in North Asia including to Guilin, Guangzhou, Nanning, Shantou, Beijing, Shanghai and more starting from RM319 all-in one-way. Guests can also fly to other North Asian countries such as Hong Kong, Macao, Taipei, Busan, Sapporo and more from RM339 all-in one-way. These fares are now available for booking on the airasia Superapp and the website starting today until 6 Aug 2023 for the travel period between 1 Sep 2023 and 31 Mar 2024.

AirAsia Malaysia (AK) currently flies 14 routes to/from China with over 104 flights weekly from Kuala Lumpur to Guilin, Quanzhou, Guangzhou, Kunming, Shenzhen, Nanning, Shantou and Macao; Kota Kinabalu to Guangzhou, Shenzhen, Wuhan, Beijing and Macao; and Johor Bahru to Guangzhou.

AirAsia X Malaysia (D7) currently flies four routes to/from China with over 22 flights weekly from Kuala Lumpur to Chengdu (Tianfu), Beijing (Daxing), Shanghai, and Hangzhou.

CapitalA is too late for debts restructure as every creditors want their money back in full with interest.


Depreciation on right of use asset/aircaft lease
Quarter ended 31/3/2023 RM million:Quarter ended31/3/2022 RM million
Operating aircraft 213.0 135.8
Non-operating aircraft 112.4 209.5
Others 0.6 0.8
326.0 346.1

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

Whether can earn another round that one need TA guru to advice you.
Who is the best TA guru please step forward.

I try to save humanity by prompting i3forummer to use past data, logic and reasoning to put forward their opinion/view or else very soon AI like ChatGPT will replaced human.

If you can't use past data, logic and reasoning on why you invest on a particular stock then my advise, you better put your money in FD.

Good morning,
Another good day and another one less day to D day 7 Oct 2023.

Mind me asking why use ikanbiliskering as user id?
And your reason/reasons agreed with ykyew11?

ikanbiliskering agreed with ykyew11
30/07/2023 10:09 PM

By the way those who talk the talk and walk the walk should thanks me for highlighting the negative so that they are still able to collect more CapitalA at 91 cents. So please collect more and earn more than 100%.

When you see so many people attack me for highligting the facts and figures from the past CapitalA financial report, you can know who are really panicking and desperate to lure more people to chase high.

Remember D Day for CapitalA is 7 Oct 2023. So please work harder to lure more newbies to chase high and you can download your almost going to expire stocks to them.

Posted by StartOfTheBull > Jul 30, 2023 4:57 PM | Report Abuse
You don't need to talk sense to someone who talk no sense

My comment:
Is StartOfTheBull saying CapitalA has no sense to sell their KL-Singaporecat flight at USD 22?

SIA has the business sense to sell their at USD 122.