Posted by The_JQuestion > Jul 30, 2023 11:40 AM | Report Abuse
hi lurker u compare SIA with AA??? one way KUL SIN in SIA is 559 and AA just 101... to make it look less , u change the currency in USD which is the currecny not even singaporeans use . SIA 122 AA 22... 100 dollars in USD difference

Thanks The_JQuestion on the above.
My comment: JQuestion need to ask more questions:

1. Why AA SOLD their KL-Singapore flight at USD22 while SIA sold their at USD 122? A different of USD100?

2. At USD 22 can CapitalA make any profit?

3. Q1 2023:
SIA
EBITDA ($ million): 1,505.1
Operating profit: 754.5
Profit attributable to Owners of the Company: 734.0

CapitalA:
EBITDA & Profit after tax : RM502 million & RM26 million
Why SIA net profit is about 50% of EBITDA whereas CapitalA is about a poor 5%?

SIA group:
Q1FY23/24($’M):Q1FY22/23($’M)
Full-service carrier (SIA): 737.5: 624.3
Low-cost carrier (scoot): 23.7: (51.9)
SIAEC Group (Engineering): 0.4: (4.0)

Just a very simple question Q1 SIA what is the net profit after tax compare to Q1 capitalA Group EBITDA & Profit after tax : RM502 million & RM26 million?

So what to compare CapitalA with SIA??
Most likely just because of the A.

Time is running out on CapitalA

CapitalA is at risk of trading suspension and delist if CapitalA cannot submit PN 17 regularisation plan on or before 7 October 2023

In Q12023
During the quarter, the largest short-haul airline in the group, AirAsia Malaysia recorded a strong overall load factor of 89% reaching 5.7 million passengers. AirAsia Thailand, on the other hand, posted a load factor of 92% carrying 4.58 million passengers. While AirAsia Indonesia and AirAsia Philippines posted robust load factor at 81% and 92%, with passenger carried of 1.22 million and 1.65 million, respectively.
Group EBITDA & Profit after tax : RM502 million & RM26 million

Is Q1 2023 Profit after tax of RM26 million a good result?

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 is 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.

Can someone go and read AAX and CapitalA financial report especially the Balance Sheet and tell be what are the different?

AAX start afresh after debts restructure, capital reduction and 10 to 1 share consolidation but for reason only knew to Stony CapitalA did not and now holding billions USD debts.

Yes I wrote CapitalA will limit down months ago as I expected Stony to announce the PN17 regularisation plan on time as what he himself told IB analyst and reporter:

The PN17 regularisation plan:
1.The Group expects to announce the finalised regularisation plan to Bursa Malaysia Securities in January 2023 and followed by submission for approval targeted in February 2023.

2.We have a robust plan in place and aim to have a full submission of the regularisation plan in April 2023 after finalising the audit and valuation of entities involved.

3. The revised timeline involves full submission in July 2023, with our execution plan commencing in quarter four upon obtaining all required approvals from Bursa Malaysia and relevant authorities.

4.On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that the Company had on 30 June 2023 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time of an additional period of 3 months until 7 October 2023 for the Company to submit its regularisation plan to Bursa Securities.

So all Stony fans are welcome to hold CapitalA till D day 7 October 2023.

By the way all are welcome to rebut me as what I wtote is from CapitalA past financial report and my prediction on foreign exchange loss is based on CapitalA debts mostly in USD hence based on exchange rate of:

USD to MYR
30/6/2023: 4.6677
31/3/2023: 4.4125

For sure Q2 end 30/6/2023 will record foreign currency exchange loss RM XXX million

Note: All Stony fans should thank me for writing more negative news on CapitalA so that they can collect more CapitalA cheaply.

Actually I am not scare you will make money but scare you will lose your hard earned money by just following tips from forummer without even reading and understand the company financial report and end up eventually like 90+% of people loss money and disappear from i3forum

Post removed.Why?

Posted by rr88 > Jul 21, 2023 3:21 PM | Report Abuse
Aax will drop below 1.00 towards 0.80.
CapitalA will go to 2.00.
CapitalA = 1.28 (11oct2021) + [1.28 - 0.56 (double bottom 07feb2022 & 01dec2022)] = 1.28 + (1.28 - 0.56) = 2.00.

One more thing whan rr88 said CapitalA will go to RM 2.00, it can only mean you better sell CapitalA fast fast.

In Q2 2023
During the quarter, the largest short-haul airline in the group, AirAsia Malaysia recorded a strong overall load factor of 87% reaching 6.4 million passengers. AirAsia Thailand, on the other hand, posted a load factor of 89% carrying 4.6 million passengers. While AirAsia Indonesia and AirAsia Philippines posted robust load factor at 84% and 91%, with passenger carried of 1.5 million and 1.6 million, respectively.

In Q12023
During the quarter, the largest short-haul airline in the group, AirAsia Malaysia recorded a strong overall load factor of 89% reaching 5.7 million passengers. AirAsia Thailand, on the other hand, posted a load factor of 92% carrying 4.58 million passengers. While AirAsia Indonesia and AirAsia Philippines posted robust load factor at 81% and 92%, with passenger carried of 1.22 million and 1.65 million, respectively.
Group EBITDA & Profit after tax : RM502 million & RM26 million

Is Q1 2023 Profit after tax of RM26 million a good result?

What will be Q2 2023 financial result?
One thing for sure Q2 will record foreign currency exchange loss RM XXX million

USD to MYR
30/6/2023: 4.6677
31/3/2023: 4.4125

Financial end 30/9/2022
Foreign exchange loss: RM 363,873,000
Financial end 30/6/2022
Foreign exchange loss: RM 345,395,000
USD to MYR
31/9/2022: 4.6464
30/6/2022: 4.4081
31/3/2022: 4.2048

So what will be the the foreign exchange loss Q2 end 30/6/2023?
Your guess will be as good as mine.

A gentle reminder on CapitalA

CapitalA is at risk of trading suspension and delist if CapitalA cannot submit PN 17 regularisation plan on or before 7 October 2023

Repost:
How to lift CapitalA out of PN17 when CapitalA balance sheet is terrible?

Repeat.
Stony himself also find it so difficult to overcome the CapitalA Balance Sheet as at 31/3/2023 of:
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

Repeat and remind those cannot do math: The sum is not in million or hundred million but in billion. RM (9,376,200,000)

That is why the PN17 regularisation plan keep postpone postpone postpone postpone postpone postpone postpone postpone postpone repeat ad infinitum

Delist is inevitable. (If Stony cannot come out with PN17 regularisation plan)

Om Mani Padme Hum
Om Mani Padme Hum
Om Mani Padme Hum

Come back on CapitalA D day on 7th Oct 2023 to see what is the CapitalA and AAX price.

And by the way did rr88 also saw the chart pattern on CapitalA and AAX as what he posted bolow??

Posted by rr88 > Jul 21, 2023 3:21 PM | Report Abuse
Aax will drop below 1.00 towards 0.80.
CapitalA will go to 2.00.
CapitalA = 1.28 (11oct2021) + [1.28 - 0.56 (double bottom 07feb2022 & 01dec2022)] = 1.28 + (1.28 - 0.56) = 2.00.

The initial plan to inject CapitalA airline business into Aax cancelled. Aax will go to square 1, capitalA will breakout above 1.28.

Yr brain is too small compared to master's brain. Thats why you cant see all these.

Please come back end of next month for AAX quarter 2 result to see whether the Core EPS is more than RM 1.


Posted by klee > Jul 28, 2023 10:49 AM | Report Abuse
aax now at 2.4 is just 24 sen before 10 into 1 consolidation,whats the bigggggg deal 2.4?Next QR aax is gonna make RM1 per share,mind you

Must as well claim bought at 30 cents?

Maybank Analyst gave AAX
FY2023E: Core EPS of RM 0.358
FY2024E: Core EPS of RM 0.574

The one saying Next QR aax is gonna make RM1 per share, must be drunk on Kool-Aid and know nuts on fundamentals.

April-June 2023
AirAsia X’s total fleet size stood at 17 A330s as of the end of June 2023, with 11 aircraft now activated and operational.
818,422 seats capacity
621,984 passengers carried
Passenger Load Factor ("PLF") of 76%

Jan-March 2023
AirAsia X’s total fleet size remained as 14 A330s as of the end of March 2023, with nine aircraft now activated and operational,
630,069 seats capacity
504,476 passengers
Passenger Load Factor ("PLF") of 80%

Posted by EngineeringProfit > Jul 28, 2023 9:07 AM | Report Abuse
Once lifted, will CapitalA overtake AAX?

How to lift CapitalA out of PN17 when CapitalA balance sheet is terrible?

Repeat.
Stony himself also find it so difficult to overcome the CapitalA Balance Sheet as at 31/3/2023 of:
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

Repeat and remind those cannot do math: The sum is not in million or hundred million but in billion. RM (9,376,200,000)

That is why the PN17 regularisation plan keep postpone postpone postpone postpone postpone postpone postpone postpone postpone repeat ad infinitum

Delist is inevitable. (If Stony cannot come out with PN17 regularisation plan)

Om Mani Padme Hum
Om Mani Padme Hum
Om Mani Padme Hum

Bursa is governed by listing rule and regulation and cannot impose new condition of Upliftment of both or nothing. Each must has the own merit to be uplifted out of PN17.

Posted by joyvest > Jul 28, 2023 9:03 AM | Report Abuse
Yes, AAX is technically out of PN 17 but not Cap A . Bursa's stand is very clear and firm, Upliftment of both or nothing. To Bursa, both are not mutually exclusive.

CapitalA is at risk of trading suspension and delist if CapitalA cannot submit PN 17 regularisation plan on or before 7 October 2023

AAX is eligible to have its PN17 classification lifted as its shareholders’ equity has already exceeded MYR40.0m and it has delivered 3 consecutive quarters of profits. On the other hand, CAPITALA has not.

Just look at Lctitan result and you know bad quarter result coming.

What is the odd/probability that after 7 Oct 2023, Bursa will issue notification of trading suspension to CapitalA and on the 6th market day after the date of notification of suspension proceed to suspend CapitalA and de-list the Company, subject to the Company's right to appeal against the delisting?

Post removed.Why?

Deadline: on or before 7 October 2023

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

On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide its letter dated 27 July 2023 resolved to grant the Company an extension of time of 3 months up to 7 October 2023 to submit its regularisation plan to the regulatory authorities.

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.

Repost:
CAPITALA needs AAX more than AAX needs CAPITALA. As we explained on page 15, AAX is eligible to have its PN17 classification lifted as its shareholders’ equity has already exceeded MYR40.0m and it has delivered 3 consecutive quarters of profits. On the other hand, CAPITALA has not.

CAPITALA has to dispose its short-haul airlines (i.e. 100% of MAA, 45% of TAA, 49% of IAA and 40% of PAA) in exchange for new AAX shares to generate a gain on disposal that will more than neutralise its negative shareholders’ equity which stood at MYR5.55b as at end-1Q23 to lift its PN17 status as well. Thus, we believe that AAX is in a position to negotiate better terms for itself.

AAX likely to be an associate, not a subsidiary of CAPITALA. A common fear among investors we spoke to is that AAX will issue an overwhelming number of new shares to CAPITALA that will dilute the interests of existing AAX shareholders. CAPITALA already owns 13% of AAX. We doubt that AAX will issue new shares to CAPITALA to the point that the latter owns more than 50% of the former. This would mean that AAX becomes a subsidiary of CAPITALA and the latter would have to re-consolidate the negative shareholders’ equity of the short-haul airlines.

Instead, we believe that AAX will issue new shares to CAPITALA but to the point that the latter owns less than 50% of the former. This would mean that AAX becomes an associate of CAPITALA instead which will allow the latter to de-consolidate the negative shareholders’ equity of the short-haul airlines.

According to our calculations, AAX could issue 317.6m new shares or 71% of its existing number of shares to CAPITALA for the latter to raise its ownership of the former to 49% but in the process, AAX’s core net profit will triple. Insummary, the acquisition of CAPITALA’s short-haul airlines ought to be EPS accretive for AAX

My comment: It look like Maybank IB analyst is a better magician than Stony.
With issuing 317.6 million new share of AAX to CapitalA to acquire (100% of MAA, 45% of TAA, 49% of IAA and 40% of PAA). Capital A will then generate a gain on disposal that will more than neutralise its negative shareholders’ equity which stood at MYR5.55b.

So what is he smoking? Stony need one too.

At the end the net liabilities of abt RM 5.55 billions in 100% MAA and share of net liabilities abt RM 3.82 billion in (45% of TAA, 49% of IAA and 40% of PAA) will belong to who??

Repost:
CAPITALA needs AAX more than AAX needs CAPITALA. As we explained on page 15, AAX is eligible to have its PN17 classification lifted as its shareholders’ equity has already exceeded MYR40.0m and it has delivered 3 consecutive quarters of profits. On the other hand, CAPITALA has not.

CAPITALA has to dispose its short-haul airlines (i.e. 100% of MAA, 45% of TAA, 49% of IAA and 40% of PAA) in exchange for new AAX shares to generate a gain on disposal that will more than neutralise its negative shareholders’ equity which stood at MYR5.55b as at end-1Q23 to lift its PN17 status as well. Thus, we believe that AAX is in a position to negotiate better terms for itself.

AAX likely to be an associate, not a subsidiary of CAPITALA. A common fear among investors we spoke to is that AAX will issue an overwhelming number of new shares to CAPITALA that will dilute the interests of existing AAX shareholders. CAPITALA already owns 13% of AAX. We doubt that AAX will issue new shares to CAPITALA to the point that the latter owns more than 50% of the former. This would mean that AAX becomes a subsidiary of CAPITALA and the latter would have to re-consolidate the negative shareholders’ equity of the short-haul airlines.

Instead, we believe that AAX will issue new shares to CAPITALA but to the point that the latter owns less than 50% of the former. This would mean that AAX becomes an associate of CAPITALA instead which will allow the latter to de-consolidate the negative shareholders’ equity of the short-haul airlines.

According to our calculations, AAX could issue 317.6m new shares or 71% of its existing number of shares to CAPITALA for the latter to raise its ownership of the former to 49% but in the process, AAX’s core net profit will triple. Insummary, the acquisition of CAPITALA’s short-haul airlines ought to be EPS accretive for AAX

My comment: It look like Maybank IB analyst is a better magician than Stony.
With issuing 317.6 million new share of AAX to CapitalA to acquire (100% of MAA, 45% of TAA, 49% of IAA and 40% of PAA). Capital A will then generate a gain on disposal that will more than neutralise its negative shareholders’ equity which stood at MYR5.55b.

So what is he smoking? Stony need one too.

At the end the net liabilities of abt RM 5.55 billions in 100% MAA and share of net liabilities abt RM 3.82 billion in (45% of TAA, 49% of IAA and 40% of PAA) will belong to who??

KUALA LUMPUR (July 27): Maybank Investment Bank (Maybank IB) Research has re-initiated coverage on AirAsia X Bhd (AAX) with a “buy” rating at RM1.80 and target price (TP) of RM3.58 and said post-Covid-19, fares are a lot higher and aircraft lease rates are sharply lower relative to pre-pandemic.

Source: Maybank IB
In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.

He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.

“Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.

“With nearly 100% upside, we re-initiate coverage on AAX with a 'buy' call. Catalysts are: (i) lifting of Practice Note 17 classification; (ii) more upside from 49%-owned Thai AirAsia X; and (iii) more upside from acquisition of Capital A Bhd’s short-haul airlines,” he said.

AAX NOSH: 447 Million
More easy to push/goreng compare to CapitalA NOSH of 4,169 Million

According to this report , the profit from their subsidiary , Thailand Air Asia is yet to be included due to some regulation issue:

Need to clear the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM 453.4 million before can recognised share of profit.


TAAX recorded a net profit of RM 63.96 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 RM 453.4 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.

Yes by all mean trade if you are good at reading Trend but do not be the last to hold the bag when Stony finally come out with the PN17 regularisation plan or Bursa lose patience with Stony repeat postpone and finally suspense and delist CapitalA

Someone talk big only earnning 5 figure but when challenge to show his CapitalA holding amt and cost tak berani/chicken out and run away with tail between legs.

I do not need to tell lie while tan sri Stony has been caught telling lie repeatedly when come to PN17 regularisation plan.

Or maybe Stony is telling the truth but cannot decide which plan A, B, C, D till Z to use.

If you want to trade based on TA then say so and you are free to trade.

But if you want to invest then someone must be kidding when Stony keep postpone PN17 regularisation plan.

Posted by VincentTang > Jul 27, 2023 11:49 AM | Report Abuse
HUAT AH. Go back AIRASIA glory time RM4.

Market Cap: 3,752 Million
NOSH: 4,169 Million
Avg Volume (4 weeks): 12,862,777
4 Weeks Range: 0.785 - 0.915
4 Weeks Price Volatility (%):
88.46%
52 Weeks Range: 0.56 - 0.915

Repeat.
Stony himself also find it so difficult to overcome the CapitalA Balance Sheet as at 31/3/2023 of:
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)

Repeat and remind those cannot do math: The sum is not in million or hundred million but in billion. RM (9,376,200,000)

That is why the PN17 regularisation plan keep postpone postpone postpone postpone postpone postpone postpone postpone postpone repeat ad infinitum

Delist is inevitable. (If Stony cannot come out with PN17 regularisation plan)

Om Mani Padme Hum
Om Mani Padme Hum
Om Mani Padme Hum

This is what AAX promised to do to get out of PN17 then.

Following the debt restructuring, it is also proposing a renounceable rights issue of new shares to raise gross proceeds of up to RM300 million from its existing shareholders, as well as a proposed issuance and allotment of new AAX shares to raise another RM200 million.

KUALA LUMPUR (May 23): Medium-haul low-cost airline AirAsia X Bhd (AAX) said the proposed private placement to raise RM50 million would be a "timely and strategic means" for the airline to raise funds, which will primarily be used for the reactivation and maintenance of its aircraft fleet.

Quarter end 31/03/2023
RM'000
Maintenance and overhaul8 (63,490)

Jan-March 2023
AirAsia X’s total fleet size remained as 14 A330s as of the end of March 2023, with nine aircraft now activated and operational.

April-June 2023
AirAsia X’s total fleet size stood at 17 A330s as of the end of June 2023, with 11 aircraft now activated and operational.

So PP of RM50 million able to support the Maintenance and overhaul for how many quarter?

The quarter percentage point increase will bring the fed funds rate to a target range of 5.25%-5.5%.

So interest hike again. Next few quarters, again Share of Profit is reduced due to increase in interest expenses.

What will be the cost incurred to activate 2 (two) A330s aircraft?

April-June 2023
AirAsia X’s total fleet size stood at 17 A330s as of the end of June 2023, with 11 aircraft now activated and operational.
818,422 seats capacity
621,984 passengers carried
Passenger Load Factor ("PLF") of 76%

Jan-March 2023
AirAsia X’s total fleet size remained as 14 A330s as of the end of March 2023, with nine aircraft now activated and operational,
630,069 seats capacity
504,476 passengers
Passenger Load Factor ("PLF") of 80%

Federal Reserve data indicates that as of Q4 2021, the top 1% of households in the United States held 32.3% of the country's wealth, while the bottom 50% held 2.6%.

India's top 1% owned more than 40.5% of its total wealth in 2021, according to a new report by Oxfam. In 2022, the number of billionaires in the country increased to 166 from from 102 in 2020, the report said. Meanwhile, it added that the poor in India "are unable to afford even basic necessities to survive".16 Jan 2023

So the rich get richer and the poor get poorer.

Without the evil who digging resources out of the ground do you think any good industries able to make popular consumer products, like smartphones/computer or cars and etc.

Consumers are the ultimate evil so please consume less and be less evil.

Page: 5 (2022 AR)
A major turnaround is planned in the second half of 2023 to ensure we maintain operational safety and uphold plant integrity to deliver excellent results to all our stakeholders.

Question 2: When is the planned plant shutdown date for this schedule major turnaround and the planned duration for this major turnaround?

Response from HRC:
The plant shutdown in conjunction with the Major Turnaround is scheduled to take place in mid-June 2023, the duration of which will go on for approximately seventy (70) days.

I believe i3 forum is a good place for everyone to post their diverse opinions/views on investment so that all can benefit from the diverse information and make their informed-investment decision.

As should everyone/anyone believe in God?
That is an answer between everyone/anyone and everyone/anyone creator.

As a trade no one will stop you to bottom fishing but as an investment the above article is very useful in telling you, you need to wait till 2031/32 to see a positive cashflow.

Why claim ignorance when KYY and later OTB had leave JAKS for good and red flagged poor/bad management and trustworthiness/integrity of BOD especially ALP?

Posted by Asengkianjoo > Jul 24, 2023 12:09 PM | Report Abuse
Dk is my good friend , he does not agree with what you did. He will slap you .

Most likely above is false. If it is true then Asengkianjoo can just call up DK and make clarification with DK and not simply talking without sense in this forum.

Quote,"I received a request to do a comprehensive cash flow projection based on the confidential table of capacity charges I received recently. He requested for NPV valuation based on the net cash flow using 10-12% discountrequested for NPV valuation based on the net cash flow using 10-12% discount factor. He understood that it is very difficult to be precise on a long term projection and he quoted me saying "You don't need to know the weight of a man to tell if he is fat" unquote

So is Aseng saying?
1. It was DK that provide the confidential table of capacity charge to Gotyou.
2. Gotyou use Aseng good friend DK' inaccurate DCF to mislead the readers here.

My question since DK is an accountant then I would not thik DK will ever make a request to Gotyou for NPV valuation based on the net cash flow using 10-12% discount?

Most likely all the above have nothing to do with DK.

The current problem on solid state battery is it cannot be mass produce yet and the solid electrode is brittle and crack during rough driving

Firstly, one of the most significant challenges lies in the manufacturing process. Solid-state batteries replace the liquid or gel electrolyte found in lithium-ion batteries with a solid one. This shift in material requires a complete overhaul of the manufacturing process, demanding significant investment in new production equipment and facilities. Additionally, the solid electrolyte’s sensitivity to moisture and air necessitates stringent environmental controls during production, further escalating costs.

The second pitfall revolves around the issue of energy density. While solid-state batteries theoretically offer higher energy density, achieving this in practice has proven to be a daunting task. The interface between the solid electrolyte and the electrodes poses a significant challenge. This interface must be perfectly seamless to allow for efficient ion transport, a feat that is difficult to achieve with current technology. Any imperfections can lead to increased resistance, reducing the battery’s overall energy density.

Thirdly, the durability of solid-state batteries is another area of concern. While they are touted for their long life spans, the reality is that solid-state batteries can degrade over time. The stress caused by repeated charging and discharging cycles can lead to the formation of cracks in the solid electrolyte, impairing the battery’s performance. Moreover, the solid electrolyte’s brittleness can lead to mechanical failures, further compromising the battery’s longevity.

Lastly, there’s the issue of temperature sensitivity. Solid-state batteries operate optimally at high temperatures, which is not ideal for many applications, particularly electric vehicles. Operating these batteries at lower temperatures can result in poor ion conductivity, leading to reduced performance. Therefore, additional systems may be needed to maintain optimal operating temperatures, adding to the complexity and cost of the overall design.

Inari is an associate company of Insas.
Insas still hold 537,008,575 inari share. So inari share alone is worth how much to Insas?