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2023-07-23 19:19 | Report Abuse
Stagnation mean no pay rise, interest almost zero and properties you bought 10 years ago remain the same price.
So think carefully what you wish for.
2023-07-23 17:35 | Report Abuse
Discount factor of 10-13 % is too high.
Imagine if your bank borrowing is 10-13% interest rate then no business can survive.
And with LSS4 solar project IRR of low single digit and if you applied NPV value with 10-13% discount rate then for sure the NPV cannot cover the peojwct cost/capital employed.
Normaly the discount rate used for NPV calculation should be about the country inflation rate.
2023-07-23 08:16 | Report Abuse
Repost:
Correction:
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.
Jul 18, 2023 7:49 AM | Report Abuse
All this while 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
2023-07-23 08:08 | Report Abuse
Success is never about you never failed but how you come back from your failure.
Do you come back stroger or cry father cry mother and blaming everyone but yourself???
2023-07-22 10:59 | Report Abuse
Why should I do that????
I am trying to save Tony from his own repeat lies to protect the feeling/money of shareholders. Why not for once tell us the truth, shareholders deserved the truth and the truth shall set all free.
Om Mani Padme Hum
Om Mani Padme Hum
Om Mani Padme Hum
2023-07-22 09:48 | Report Abuse
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.
That is why the PN17 regularisation plan keep postpone postpone postpone postpone postpone postpone postpone postpone postpone repeat ad infinitum
Delist is inevitable.
Om Mani Padme Hum
Om Mani Padme Hum
Om Mani Padme Hum
2023-07-21 17:52 | Report Abuse
Just a gentle reminder,
As at 31/3/2023:
CapitalA is an insolvent company with
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)
Avoid.
2023-07-21 13:14 | Report Abuse
AirAsia X applies to exit PN17 status
SEPANG, 21 July 2023 - AirAsia X Berhad (“AAX”) is seeking a relief from Bursa Malaysia Securities Berhad (“Bursa Securities”) to exempt the airline from the requirement to submit a Proposed Regularisation Plan as required under Paragraph 8.04(3)(A) of the Main Market Listing Requirements (“MMLR”) of Bursa Securities (“Proposed Relief”). Subsequently the airline is also seeking the upliftment of AAX from being classified as a Practice Note 17 (“PN17”) Affected Listed Issuer (“PN17 Upliftment”).
From the onset of the company triggering suspended criteria under PN17 from 30 July 2020, AAX has undertaken a broad range of measures and corporate exercises to improve its financial position. The first of these being a set of restructuring exercises which incorporated a debt restructuring scheme, share capital reduction of 99.9% of the issued share capital of AAX, share consolidation and a revision of its business plan.
The revised business plan incorporated key elements including a leaner and more viable cost structure with primary focus on medium-haul flight operations, a rationalised network plan which saw the termination of unprofitable routes and recalibration of focus on routes with proven loads and yield performance in AAX’s core markets.
AAX has also during this time deferred all investments in new and immature routes, apart from restructuring all of its contracts and arrangements in relation to its fleet and overall operations to better align to its future size and requirements. In its right-sizing strategy, AAX had also undertaken plans for manpower consolidation and optimisation, ensuring that its workforce is strictly aligned with its operational requirements.
With the continued efforts set forth above, AAX has managed to turn around its financial position from 12 quarters of losses since the quarter ended 30 June 2019 to registering three consecutive quarters of net profit for the quarters ended 30 September 2022, 31 December 2022 and 31 March 2023. As at 31 March 2023, AAX has also recorded a positive shareholders’ equity.
Based on its improved operating and financial performances, AAX no longer triggers any of the criterias prescribed under Paragraph 2.1 of PN17, particularly as AAX’s shareholders’ equity has turned positive; and AAX’s external auditors have expressed a clean opinion of AAX’s financial position.
AAX CEO Benyamin Ismail said: “The restructuring exercises that we have undertaken in the past couple of years allowed us to transform and reset AAX towards a more sound and viable financial position. Since our emergence from hibernation back in April 2022, we are pleased to share that AAX’s operational and financial performances have been improving in line with the increasing demand that we observe across all our core markets. Improved demand for travel has been evident in the last three quarters when we recorded passenger load factors of 73%, 79% and 80% for the periods ended 30 September 2022, 31 December 2022 and 31 March 2023 respectively.
“We have managed to maximise the recovery of all of our revenue segments even though some of our fleet remain on ground. As of 31 March 2023, AAX’s cash position is healthy at RM192.37 million, without any outstanding debts, and has sufficient working capital for 12 months. In addition, with the recent completion of placement of an aggregate of 32,258,066 new AAX Shares to AHAM Asset Management Berhad, AIIMAN Asset Management Sdn Bhd and Lavin Group Sdn Bhd at an issue price of RM1.55 per AAX Share, we have raised net proceeds of approximately RM50.00 million, strengthening AAX’s equity position and ultimately granting AAX the platform to gradually re-establish a firm equity base. This is a strong testament that confidence in AAX is growing and future prospects are strong.”
2023-07-21 12:15 | Report Abuse
Bursa listing requirement and regulations apply to all listed companies in Bursa.
2023-07-21 12:03 | Report Abuse
ComponentX,
Just for your information on what happen to Scomi Energy after Bursa Malaysia Securities Bhd (Bursa Securities) rejected its application for a further extension of time to submit its Practice Note 17 (PN17) regularisation plan.
PETALING JAYA: Scomi Energy Services Bhd’s shares will be suspended on July 24, with a possible delisting on July 26 after Bursa Malaysia Securities Bhd (Bursa Securities) rejected its application for a further extension of time to submit its Practice Note 17 (PN17) regularisation plan.
Bursa Securities announced its decision in a filing on the company today. It said if Scomi Energy files an appeal against the delisting by July 21, the July 26 delisting will be deferred pending a decision on the appeal.
“However, Bursa Securities will proceed to suspend the trading of the company’s securities on July 24 even though the decision on the company’s appeal is still pending,” it added.
The company filed the application for more time to submit its regularisation plan on May 17, asking for the May 31 deadline to be pushed to Nov 30.
The regulator said Scomi Energy’s application was rejected as the company had not demonstrated to its satisfaction any material development towards the finalisation and submission of the regularisation plan to the regulatory authorities.
“Upon the de-listing of the company, it will continue to exist but as an unlisted entity. The company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance.
“However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Securities,” it added.
Scomi Energy is a global technology company in the energy and logistics industries. Its business segments are drilling services, marine services, and development and production asset and services.
The company fell into PN17 status in January 2020, when its shareholders’ equity on a consolidated basis fell below 50% of its issued share capital.
2023-07-21 10:00 | Report Abuse
Windy1974,
Your advise noted with thanks.
2023-07-21 09:58 | Report Abuse
By the way delist from Bursa is not the end of CapitalA. CapitalA will still business as usual. The only different is CapitalA will be a private company and Stony do not need to lie everytime the dateline for submitting PN17 regularisation is near.
As a private company Stony will have a free hand to restructure the business and hopefully come back stronger.
2023-07-21 09:44 | Report Abuse
I know AA had done greater good for society with an affordable air travel that is why I never even ask for refund.
I can't stand is many forummers keep giving misinformation and high TP for CapitalA ignoring the Balance sheet and even implied lease liabilities/BS is just an accounting matter and can be written off with a stroke of pen.
I would not be here defending my view on the important of FA or reading and understanding the financial report: P&L statement, cash flow and balance sheet if not for them.
2023-07-21 09:12 | Report Abuse
Why do you think I hate AA?
I have not problem with AA but only with Stony for his too many bollywood dance. For once can the real Tony please tell the truth and walk the walk.
2023-07-21 09:02 | Report Abuse
Repost:
Your JHDP cash flow projection based on Q1 2023
30% profit sharing amounts to RM28m per quarter.
100% profit on full year projection = 28 x 4 x 100/30 = RM373m
Cash inflow = profit + depreciation + interest expense
Cash inflow = 373 + 318 + 265 = RM956m
Is wrong because the interest expense is based on 2022 figure and not the current quarter figure.
Summarised adjusted statements of profit or loss and other comprehensive income
JPP Group
2022 2021
RM RM
Adjusted profit for the financial year, representing total comprehensive
income for the financial year 520,633,162 469,043,075
Included in total comprehensive income are:
Revenue 2,553,073,558 3,011,637,528
Amortisation/Depreciation (317,750,163) (296,585,635)
Interest income 3,493,288 1,736,511
Interest expense (265,209,747) (275,461,575)
Taxation (17,199) (1,530,307)
Cash inflow 2021= 469.04+296.59+275.46=1041.09 million
2022: 520.63+317.75+265.21= 1,103.59 million
Project IRR of 12 % for period of 25 year base on USD 1,870 million
ZERO = - 1,870 + A1/(1+0.12) +A2/(1+0.12)^2+……………till A25/(1+0.12)^25
USD 1,870= 7.8431A thus A= USD 238.425 million
Project payback period of 1870/238.425= 7.8 years
21/07/2023 9:01 AM
2023-07-21 09:01 | Report Abuse
Your JHDP cash flow projection based on Q1 2023
30% profit sharing amounts to RM28m per quarter.
100% profit on full year projection = 28 x 4 x 100/30 = RM373m
Cash inflow = profit + depreciation + interest expense
Cash inflow = 373 + 318 + 265 = RM956m
Is wrong because the interest expense is based on 2022 figure and not the current quarter figure.
Summarised adjusted statements of profit or loss and other comprehensive income
JPP Group
2022 2021
RM RM
Adjusted profit for the financial year, representing total comprehensive
income for the financial year 520,633,162 469,043,075
Included in total comprehensive income are:
Revenue 2,553,073,558 3,011,637,528
Amortisation/Depreciation (317,750,163) (296,585,635)
Interest income 3,493,288 1,736,511
Interest expense (265,209,747) (275,461,575)
Taxation (17,199) (1,530,307)
Cash inflow 2021= 469.04+296.59+275.46=1041.09 million
2022: 520.63+317.75+265.21= 1,103.59 million
Project IRR of 12 % for period of 25 year base on USD 1,870 million
ZERO = - 1,870 + A1/(1+0.12) +A2/(1+0.12)^2+……………till A25/(1+0.12)^25
USD 1,870= 7.8431A thus A= USD 238.425 million
Project payback period of 1870/238.425= 7.8 years
2023-07-21 08:35 | Report Abuse
Jaks goreng down for PP to friendly/relate party.
2023-07-21 07:41 | Report Abuse
Since AAX already decided to go seperate way, the only option for CapitalA is delist from Bursa so that Stony can have a free hand to restructure CaplitalA and make a come back when the Balance Sheet sudah canteeeeeeeeeeeeeeek.
2023-07-21 07:15 | Report Abuse
So now AAX CEO go solo and no more bollywood dance duo with Stony?
AAX CEO Benyamin Ismail said: “As we returned to black on the back of a robust recovery across all key metrics, we are progressing well on our regularisation strategy to uplift us from the PN17 status.
“The strategy being formulated is expected to entail a proposed acquisition of Capital A Berhad’s aviation arm, AirAsia Berhad (AAB) and AirAsia Aviation Group Limited (AAAGL), comprising AAAGL’s respective shareholdings in AirAsia Indonesia, AirAsia Philippines and AirAsia Thailand. Following the acquisition, AAB, AAAGL and AAX will form a consolidated aviation group, subject to the approval of our stakeholders and relevant regulatory authorities.
“While all airlines under the consortium will remain separate with regard to the operations, the acquisition of the short-haul airlines under one consolidated group will create synergies with AAX’s mid-range operations. Leveraging the group’s wide network of over 130 destinations will provide us the opportunities to expedite our recovery after the completion of the regularisation plan.
“The strategy is not only expected to strengthen our balance sheet and cash flows but create value for the Company as well as our shareholders in the longer term.
“We will make the necessary announcement in relation to further material developments accordingly.”
Subject to receiving the requisite approvals necessary for the proposed regularisation plan, including from AAX board of directors, Bursa Malaysia Securities, AAX shareholders and other relevant authorities, AAX expects to complete the implementation of the regularisation plan by July 2023.
2023-07-20 08:51 | Report Abuse
Dear MR. MANOJ DEVADASAN
General Counsel / Company Secretary / Manager-Human Resources/Compliance Officer
Thank you for alerting me that the Petronm 64th AGM summary of proceeding was posted on Petronm’s website;
My intention of an interim dividend during Petronm announcing the Q3 financial result at end Nov and payment on Dec or Jan is because most people would be very grateful to receive an extra income during year end or beginning of the year for festival celebration.
Currently I am monitoring Refine Finished Products and Brent crude price:
https://tradingeconomics.com/commodity/brent-crude-oil
https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1-futures-historical-data
https://www.tradingview.com/symbols/NYMEX-AV02%21/
https://id.tradingview.com/symbols/NYMEX-AKS1%21/
Petronm's retail station network should provide a stable income while the refinery should make some profit at current crack spread.
Hopefully this year earning will be better than last year and I am looking forward to another year of good dividend
Thank you
Have a good day
Best Regards
Lee Soon Sheng
2023-07-19 18:23 | Report Abuse
Posted by Gotyou > Jul 19, 2023 5:48 PM | Report Abuse
https://klse.i3investor.com/web/blog/detail/gotyou/2023-07-19-story-h-...
Quote:
"I can't provide detail information on the charge rates. All I can reveal is that the capacity charge rate gradually reduced by half mid way through the concession period and further reduced to one third towards the end of the concession.
Although there is NO ASSURANCE that the capacity charge rates for JHDP follow the same pattern as the rate table provided to me, I hereby declare that my previous article (below link) may be inaccurate as the assumption of uniform stream of revenue from JHDP is likely invalid. If so, the revenue from JHDP will decline gradually over the concession period.
As the decline in capacity charge over the concession period is quite substantial, so is the reduction in revenue of JHDP." unquote
Gotyou,
Are you saying the wawasan 2030 also gone with the wind. After payoff the borrowing by 2030 the 2031-2045 NP also would spike up because the revenue will drop?
2023-07-19 18:13 | Report Abuse
Correction:
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.
2023-07-19 18:01 | Report Abuse
Annual report 2022 page:130
During the financial year, the Company issued:
(a) 45,000,000 new ordinary shares pursuant to Company’s Share Grant Plan (“SGP”) under Long Term Incentive Plan (“LTIP”); and
(b) 3,000,000 new ordinary shares through exercise of LTIP at issue price of cash RM0.237 for a total cash
consideration of RM711,000.
Page:144
Share Option Plan (“SOP”)
Movements in the number of share options and the exercise price are as follows:
Group and Company
Number of share option
2022 2021
Unit Unit
At 1 January 87,473,619 15,673,619
Additions 57,000,000 71,800,000
Exercised (3,000,000) -
At 31 December 141,473,619 87,473,619
In the previous financial year, no share options were exercised
Share Grant Plan (“SGP”)
Movements in the number of shares granted and vested are as follows:
Group and Company
Number of shares
2022 2021
Unit Unit
At 1 January - -
Granted 45,000,000 -
Vested (45,000,000) -
At 31 December - -
The closing share price at the date of granting was RM0.26 (2021: Nil) per ordinary share.
2023-07-19 14:29 | Report Abuse
AAX did not make profit before Covid and most likely will not make profit after covid because low cost/budget business model on long haul flight is not profitable unlike short haul flight where plane turnaround is short.
2023-07-19 13:55 | Report Abuse
gohkimhock the dumb analyst from Kenanga who issued an extremely low price for Inari should be sacked with immediate effect. Has no experience in investing and knowledge to rate a stock.
15/07/2023 2:03 PM
Do you think kenanga analyst is allowed to give high TP when Kenanga IB has vested interest in cash settle call warrants below?
Type: CALL WARRANTS
Sector: TECHNOLOGY
Listing Date: Nov 30, 2022
Maturity Date: Oct 16, 2023
Issue Size: 35,000,000
Exercise Price: MYR 2.50
Ratio: 3 : 1
Underlying Stock: INARI
Avg Volume (4 weeks): 515,157
4 Weeks Range: 0.135 - 0.235
52 Weeks Range: 0.065 - 0.235
Additional Info
Issuer: KENANGA INVESTMENT BANK BERHAD
Description: EUROPEAN STYLE NON-COLLATERALISED CASH-SETTLED CALL WARRANTS
2023-07-19 11:32 | Report Abuse
https://www.petron.com.my/investor-relations/corporate-governance/
Link above item 6. The 64th Petronm AGM minutes
2023-07-19 09:34 | Report Abuse
根据条列,公司必须在12个月内,提交重组计划给证监会与马交所,并获得后者批准执行,否则,将面对除牌下市的厄运。
然而,Capital A公司的重组计划却迟迟未出炉,甚至在6月底向马交所申请延长提交计划至10月7日。
So when will Bursa delist CapitalA for falling to submit the PN17 regularisation plan?
Maybe it is better to delist from Bursa and relist in NY.
2023-07-18 21:42 | Report Abuse
And by the way after tax free period of 5 years JHDP need to pay Vitnam corporate tax from year 6 to year 25.
2023-07-18 21:29 | Report Abuse
The only winner in Jaks is the relate party (49% holder: ICD) trade and other receivables impartment, those get free share grant LTIP and those already sold Jaks very much early either take profit or cut win.
Those still holding Jaks from KYY to DK/OTB and till now are the dreamers. So have a sweet dream. (Was Wawasan 2020 and now Wawasan 2030)
Good night
2023-07-18 14:21 | Report Abuse
Tuesday, 18 Jul 2023 1:09 PM MYT
SEKINCHAN, July 19 — Chinese automobile manufacturer Geely will invest US$10 billion (RM45.3 billion) to turn Tanjung Malim, Perak, into the region’s largest auto city.
Prime Minister Datuk Seri Anwar Ibrahim said the aspiration, conveyed by the company in a letter to him last night, would create thousands of job opportunities for Malaysians.
2023-07-18 14:21 | Report Abuse
Tuesday, 18 Jul 2023 1:09 PM MYT
SEKINCHAN, July 19 — Chinese automobile manufacturer Geely will invest US$10 billion (RM45.3 billion) to turn Tanjung Malim, Perak, into the region’s largest auto city.
Prime Minister Datuk Seri Anwar Ibrahim said the aspiration, conveyed by the company in a letter to him last night, would create thousands of job opportunities for Malaysians.
2023-07-18 13:03 | Report Abuse
AirAsia Malaysia (AK) currently flies 14 routes to/from China with over 104 flights weekly from KL to Guilin, Quanzhou, Guangzhou, Kunming, Shenzhen, Nanning, Shantou and Macao; Kota Kinabalu to Guangzhou, Shenzhen, Wuhan, Beijing and Macau; and Johor Bahru to Guangzhou.
AirAsia X Malaysia (D7) currently flies four routes to/from China with over 22 flights weekly from KL to Chengdu (Tianfu), Beijing (Daxing), Shanghai, and Hangzhou.
AAX using wide body planes (D7)Airbus A330-300. Seats: 377
CapitalA (AK) using airbus A320: seats: 186 and A321 seats 185-236
2023-07-18 07:49 | Report Abuse
All this while 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.
2023-07-17 11:17 | Report Abuse
Posted by RobinHootnShoot > Jul 17, 2023 11:09 AM | Report Abuse
As expected, Capital A will be out of PN 17 after they unveiled their regularisation plan
Question: If that is the case then why keep postpone the unveiling of PN17 regularisation plan?
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.
2023-07-16 11:37 | Report Abuse
LSS4 IRR is a poor single digit.
With borrowing of RM220 million and at increase interest payment will Jaks Solar Nibong Tebal make any profit?
JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million)
2023-07-16 11:30 | Report Abuse
Bplant as plantation company is not managing it plantation well as it' FFB yield has been dropping year after year. Old tree and need capital investment for replanting.
The only bright spot is Bplant plantation in Kedah, Penang, Perak, Selangor and Johor are freehold land that should value more than plantation.
On and off Bplant juat need to sell a piece of the valuable plantation land and report hundred million in disposal gain.
Without land disposal gain coming Q2 2023 result should be bad.
2023-07-16 10:47 | Report Abuse
Just for your information:
Mike is using another user ID J to continues posting his broken record in i3forum.
Mikecyc
Due to repeated abuse posts, this account has been suspended from posting to the i3investor portal until 08/08/2023. Please refer to the Terms and Conditions of Use and Community Standards of this portal.
2023-07-16 10:37 | Report Abuse
So I am proven right:
Do no argue with a fool. He will drag you to his level and beat you with his repeat playing broken record/insult.
Lesson learned: Do not stoop so low to their level.
“When someone is cruel or acts like a bully, you don’t stoop to their level. No, our motto is: ‘When they go low, we go high’.”
The Late Show host said: “I totally understand going high when somebody goes low, but the bar is so low that staying at your own altitude still means higher. Do I actually have to go up here or can I just be normal? Do I have to be a saint? Because down here, I’m pissed off!”
Michelle Obama replied: “For me, going high is not losing the urgency or the passion or the rage, especially when you are justified in it.
"Going high means finding the purpose in your rage. Rage without reason, without a plan, without direction is just more rage. And we’ve been living in a lot of rage.”
She added that going low is “unsustainable” and explained: “If going low worked, we’d do it. It might be a ‘quick fix’ but it doesn’t fix anything over the long term.
“I’m trying to push us to think about solutions that will actually unite us and get us focused on the real problem. That’s what I mean when I say, ‘go high’. So yes, go high. America, please go high.”
Repost:Secret to happiness and success
“Happiness and freedom begin with a clear understanding of one principle: Some things are within our control, and some things are not.”
i3ivestor forum comment, house rule (not under my control, so live with it) but you can choose to totally ignore those good for nothing cyber trolls.
In life you are going to come across many type of people so choose who are to be your friends and who to avoid/ignore because your future success will depend on this critical choice
2023-07-16 10:14 | Report Abuse
By all means, Jaks can refinance its borrowings or carry out fund raising exercises through private placements/ rights issues to address its cash flow deficiencies.
Only after 2030 the dividend from JHDP should be able to pay off the borrowing in X years. So no cash dividend for the next xx years.
2023-07-16 10:06 | Report Abuse
The unknown is whether Stony will inject in CapitalA' aviation with billions of liabilities into AAX and force AAX to another round of debts restructure, capital reduction and share consolidation.
2023-07-16 09:40 | Report Abuse
Question: When you are in an argument with someone who resorts to insults and name-calling, does that mean that you are winning?
Answer:Do no argue with a fool. He will drag you to his level and beat you with his repeat playing broken record/insult.
2023-07-16 09:29 | Report Abuse
If you look into last quarter cash flow statement
Reversal of provision additional loss of investment in IAAX: RM (95,850,000)
2023-07-16 09:19 | Report Abuse
The contest is for 6, 12 and 18 months. One month is too short and will most likely decided by luck rather than skill/study.
2023-07-16 08:54 | Report Abuse
Did anyone notice the last quarter profit is mostly from: Group's profits were further boosted by the reversal of provisions on debts and investments amounting to RM265.9 million.
2023-07-16 08:36 | Report Abuse
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.
Shareholders' equity as at 31/03/2023: RM 40,762,000
So it all depend on what accounting standard used to come out with conclusion:
匿名航空业分析员认为,亚航X的股东基金可能已经超过4000万令吉,达到申请门槛;截至今年3月底第一季,该公司的股东基金达到4076万令吉,比较前一季为赤字5亿9990万令吉。
2023-07-15 19:02 | Report Abuse
(吉隆坡15日讯)据称,亚航X(AAX,5238,主板消费产品服务组)已准备脱离PN17陷困公司行列。
财经周刊《The Edge》引述知情人士报道说,该公司将在近期内向大马股票交易所提出申请。
匿名航空业分析员认为,亚航X的股东基金可能已经超过4000万令吉,达到申请门槛;截至今年3月底第一季,该公司的股东基金达到4076万令吉,比较前一季为赤字5亿9990万令吉。
“该公司不久前透过私下配售活动筹得5000万令吉,这也将股东基金进一步扩大到9000万令吉。”
截至现财政年第一季,亚航X已连续第三季录得盈利,净利达3亿2800万令吉,其现金及等价物也高挂1亿9237万令吉。
此前,亚航X的外部稽查师在截至2021年6月30日止财报中警示,该公司的业务可能难以为继,导致该公司列为PN17公司。
2023-07-15 18:59 | Report Abuse
If the court verdict is PAS is guity of vote buying then should the court also ban PAS to recontest the vacant seat again
2023-07-15 16:52 | Report Abuse
FortuneBull777 should buy Tesla model Y for the wife.
The wife will take him around and should be very excited to drive Tesla at high speed with no hand on the steering whell.
Blog: JAKS RESOURCES - FAT or THIN ?
2023-07-23 19:28 |
Post removed.Why?