human

human | Joined since 2016-11-22

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Stock

1 week ago | Report Abuse

Capital A management is realizing restructuring plan and business expansion according to what they convey to all shareholders since 2023. Any changes they keep Bursa and shareholders posted.
Look at businesses in Malaysia , what other company emphasizes such extent of direct communication with stakeholders?
They are not magician, they are true entrepreneur and hand on businessman at core.

Stock

1 week ago | Report Abuse

One need to read and understand how the Capital A management restructure the business and what they are doing to secure the financing require to growth the business.

Using old mindset that all business must run using cash is outdated.

False interpretation and confirmation bias are blockage to understand how corporate growth business.

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1 week ago | Report Abuse

Jr Warren is right.
Most information are available.

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2 weeks ago | Report Abuse

Sslee did u ever deal with corporation bank loan financing? Do u have any idea how much interest bank charge during the pandemic ?

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2 weeks ago | Report Abuse

haha sslee u still miss the point. Why twist the facts to explain a false interpretation.

whomever take loan to finance RI need to pay the bank loan and interest, is not free monies.

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2 weeks ago | Report Abuse

During covid 19 and business uncertainty, is very difficult to direct secure bank loan for working capital to sustain Airasia business.
Bank only care the monies loan out return with reasonable interest.

RI taken by all shareholders including Tony, Kamarudin etc is to secure monies for Asia working capital ensuring the company survive during difficult time.

Taking loan to finance RI is a liabilities. Why? Bank loan and interest need to be paid to the bank, Bank is the biggest beneficial for a loan. Which bank give interest free loan?

4 seconds ago

Stock

2 weeks ago | Report Abuse

"The different is the whole RI of RCUIDS with free warrants is to benefit Stony.

Stony already pledged his RCUIDS to bank for his borrowing to subscribe the RI. The banks only want their money back and not capA nor AAX shares.

Stony and capA encountered all the crap & sh!t from bankers as banks are famous for lending you an umbrella in sunny day and ask for it back when it begins to rain "

sslee again taking text out of contexts and using confirmation bias to explain a false interpretation.

Stock

2 weeks ago | Report Abuse

Amazon growth from an online bookstore into an eCommerce conglomerate.
Capital A is growing from low budget air travel business into a tourism conglomerate.

For such an ambition goal modern financing option has to be deployed.
One cannot expect extraordinary business growth using outdated kampung kedai model where everything in cash.

Stock

2 weeks ago | Report Abuse

So what is the difference of converting the rcuids before the proposal and dont convert.

Convert now will get AAX shares and Capital A share.

Dont convert still entitle to interest based on outstanding rcuids subject to gradual issuer redemption .

Stock

2 weeks ago | Report Abuse

Issuer can choose early redemption or follow the redemption schedule.
Redemption start 4th year from rcuids issue date, thus total outstanding rcuids shares will reduced.

Page 60 to 66:
https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=212879&name=EA_DS_ATTACHMENTS

Stock

2 weeks ago | Report Abuse

so is this a problem? When did Telco companies own telecom towers, own telecom equipments? Even telcos that suppose cash rich also use leasing instead of all capex.
this is not the 70s that company must own assets to expand business. There are various financing model to growth company.

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2 weeks ago | Report Abuse

sslee again taking text out of context.
Since when airline pay cash owning plane? Who do business like that? Even taxi company take loan for their car.

Stock

2 weeks ago | Report Abuse

"The deal will increase NOSH from 447.07 million into 3,639.72 million. Total borrowings, debentures and lease liabilities will be RM 24,492.69 million (gearing ratio of 42.60 times) upon completion of the Proposed Acquisitions."
This is taking text out of context.
AAX now has about 18 plane, post proposal about 236, 13 times more plane.
Corporate that afraid to expand and growth has no value.

Stock

3 weeks ago | Report Abuse

Sslee can use malaysia mobile phone hotspot.
Tony did answered but depend on ppl believe or not.

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3 weeks ago | Report Abuse

Sslee ponteng the Egm again? Tony answer the question whether he convert the rcuids before the proposal.

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3 weeks ago | Report Abuse

Do u understand post acquisition the final milestone of capital reduction do to the balance sheet? This capital reduction function and 1b pp answer lots of question.

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1 month ago | Report Abuse

The target audience for this fund is retail investors.
COL add no value to the fund, from start buying until COL became major shareholder the stock price remain discount to NAV.
These are facts, let observe what will happen when COL exit from the fund.
COL is not welcome at all during AGM, they are boo until too scare to send their mat salleh rep. However there are still local agent speaking under their master command.

Stock

1 month ago | Report Abuse

The growth had stagnant and start declining. The cash they earned over the years has been dumped to buy ppe.
The management is good with the language they use, talk a lot without showing results.
Malaysia data center is booming while China is spending big on AI and data, yet Krono till now the profit still not following this booming trend.

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1 month ago | Report Abuse

sslee is good for you to keep asking questions to the BOD to clear what you dont understand. However, to be effective then do attend AGM or EGM. You did miss last meeting.

"By the way I make myself an AAX shareholder and this time round I will ask the difficult questions on AAX aquisition of AAAGL and AAB.

And will AAX fall into PN17 after taking over the assets and liabilities of AAAGL and AAB?"
The answer for this question is in the details of the proposal. Read the details to understand how the proposal work and what PN17 really mean accounting wise.

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1 month ago | Report Abuse

Capital A ecosystem is sound. Lower USD, oil price are icing on the cake.
The proposal is progressing according to what mentions during AGM, let observe how values are unlock on corporate leader hands.
Those naysayers are barking on a single tree missing the forest, keep hopping on text taken out of contexts auditor statement.

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1 month ago | Report Abuse

Sslee learn from other business experience, Amazon is one of the example, broaden business view instead of auditor that only check compliance that has no clues how owner of business turnaround, growth business.

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1 month ago | Report Abuse

Sslee didn't u said that aa too cheap to make profit? Lion air cheaper so worst than aa?
The point to check is whether aa fly with how many empty seats.
I been traveling around sea, to get cheap aa flights on short notice is not easy, most of the time is buying other airline not due to price but seat availability.

Stock

1 month ago | Report Abuse

Which Sea company has anything near to capital a complete business and leisure travel solution?
Business veteran don't mean can handle crisis well and continue growth.
Example Mas cannot even manage their own catering.
SIA prevented going burst with help from government.
Amazon has many round of fund raising before making profit, successfully growing from book selling to retail to now conglomerate; naysayers said no way Amazon can challange giant like Walmart, best buy, did that sound familiar?

Stock

1 month ago | Report Abuse

Those that spread false information that aax acquiring capital a aviation business will cause aax fall into pn17 is very irresponsible. If one read the proposal of the restructuring will understand that aax will not fall into pn17 post acquisition, the answer is in the proposal.

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1 month ago | Report Abuse

That AAX plan under the restructuring.

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1 month ago | Report Abuse

perspective only see problem tend to miss out the reality that this is nature of business growth and along with this the challenges need to overcome.
Now are not like the 70s running business with own cash. This is an age of business model, fund raising exercise through various means.
Read more from expert and leaders that bring better business senses.

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1 month ago | Report Abuse

CEOs from Boeing, Airbus are worries that they cannot keep up with global plane demand.
Travel news authority like Skift business intelligence publish topic on how hot tourism M&A is besides major hotels conglomerate race to build.

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1 month ago | Report Abuse

When Amazon started in the midst of dot com bubble in the 90s, amazon only sell book online.
After the dot com bubble burst in 2000, Amazon faced with the doubt of online business viability. Amazon growth from selling book to entire online retail ecosystem that later other like alibaba, JD emulate.
Amazon does not lack of naysayers until Amazon make profit and growth to a global retail giant.
History proof these naysayers is a joke.

Capital A start as a pure airline company from loss making to profitable and then dividend paying before the pandemic.
Now like the dot com crisis, Capital A faced with financial aftermath of the pandemic. Capital A is now growing the businesses from pure airline to business and leisure tourism services solution ecosystem.
Look at the business model and then do logical check whether the company progress in that direction.
Company making profit is dependent on business direction and implementation capability.

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2 months ago | Report Abuse

Want to made senses of whether the business going go bad or turnaround then understand what Capital A restructuring will mean if complete and how the structure will benefit from travel demand boom.

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2 months ago | Report Abuse

Now sslee talking sense "statutory compliance".
Auditor is a reference for statutory compliance not business.

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2 months ago | Report Abuse

The travel demand for SEA and China is hot and keep growing.
Capital A restructuring is timely, the new structure of leaner assets with focus on one stop travel and logistics solution provider will benefit from this travel boom of multiple years.

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2 months ago | Report Abuse

I deal with auditor for the past 20 years due to work.
Auditor is a reference for statutory compliance not business. Most of them they have no clues whether a business can turnaround , loss monies or made profit the next year.

Take text out of context from auditor for confirmation bias is very unwise.

Please read more to understand the current global travel trend and airline business to better grab what is going on with business world.
Read from industry leaders like Boeing and Airbus comments on airplane matters, skift business intelligence on travel news.

Stock

2 months ago | Report Abuse

Tourism and business around SEA, CHINA are booming compare with EU and USA.
Capital A is a SEA based one stop tourism company with air line business necessary to be part of the ecosystem.

Airbus and Boeing are still having supply chain issue in fulfilling their order, this is not an issue that can be solve in short term.
https://investors.boeing.com/investors/news/press-release-details/2024/Boeing-Forecasts-Demand-for-Nearly-44000-New-Airplanes-Through-2043-as-Air-Travel-Surpasses-Pre-Pandemic-Levels/default.aspx
https://www.businesstimes.com.sg/companies-markets/transport-logistics/airbus-cuts-guidance-supply-chain-snags-continue-bite
https://skift.com/2024/06/25/airbus-will-deliver-fewer-new-planes-this-year/
Thus airline with existing plane or grounded plane that can be refurbish to continue fly safely will take the sales from those airline that are still waiting for new airplane.
Capital A has both new plane order waiting to be deliver and grounded plane that can refurbish to be back to service. Capital A airline business has advantages over other airline, while the Capital A tourism ecosystem is growing with the booming of SEA and China tourism and business.

Stock

2024-08-06 15:10 | Report Abuse

Malaysia is a recognized trading nation by WTO. Estimate import 294B, export 378B.
Example Malaysia main economy driver is E&E, import estimate 45B then value add them before export 79B.

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2024-08-06 10:31 | Report Abuse

bursa bull is next.

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2024-08-06 10:28 | Report Abuse

Sg is also a trading nation, why dont complain SGD is strong.
Currency is not simplistic strong bad, weak good. Look at Japan weak currency for decades but their gdp stagnant. https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=JP
Malaysia currency at 4.7 is too undervalue that hurt Malaysia economy and ordinary people living standard.

Stock

2024-08-06 10:07 | Report Abuse

https://webfiles.icapital.biz/videos/28022024-Rtm.mp4
TTB make major forecast since end of last year, strengthening of RM against USD and bull market on bursa.
strengthening of RM against USD is on the spot, next test is whether klse enter bull market and hit 3000.
https://webfiles.icapital.biz/videos/28022024-Tv3.mp4

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2024-07-04 09:52 | Report Abuse

The cash generated from operation has been heavily divert to ppe purchase since 2021.
The revenue is flat while profit is declining.
FY24 they generate 60mil cash from operation then spend 60 mil on ppe, whomever is the ppe supplier is making a great sales year from krono. During agm, did anyone ask any of the director or principal officer has any direct or indirect interest in their ppe supplier?
If FY25 profit flat, decline further or marginable growth that mean their business model is obsolete.
FY25 is a deciding year for Krono management to show huge revenue and profit growth , if otherwise then is another talk big no performance management.

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2024-06-19 11:30 | Report Abuse

I posted many questions prior meeting, almost all are answered either during Tony presentation or Q&A.
The sincere communication shown by Tony and BOD are exemplary to other companies AGM.
Whether choose to invest in Capita A or not is personal choice.
The way the companies are professionally managed and the wiliness of BOD to communicate should be appreciated not brush off due to biased opinion.

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2024-06-19 11:22 | Report Abuse

Tony, secretary and the auditor answer 40+ questions, most of your questions were answered.

sslee if you are a truth seeker why didnt attend the AGM?
What is the point of ranting here post meeting?

Dont expect those that attended the AGM give you the answer when you dont even bother to attend.
AGM Q&A is for shareholders.

Stock

2024-06-15 23:45 | Report Abuse

Observe whether Tony convert RCUIDS, sky accord hold 36%. When business is not good, besides asking shareholders to subscribe RI He and Kamarudin put monies to fund the company. Whether their own monies or bank loan, show their commitment to and confident of the business.

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2024-06-13 14:57 | Report Abuse

Tony make the presentation, answer all technical questions. Seldom see CEO do all that.
He know all companies well, hand on and driving the restructuring.

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2024-05-29 13:56 | Report Abuse

During the pandemic , RI is done to raise cash to sustain the company. The LA payment and free WA are bundled to attract investor to subscript RI.
Those convert the LA (injecting cash into Capital A) probably think the new airline proposal is attractive.
These investors would think LA or WA not a burden but opportunities to make monies.
Post proposal the next proposal of listing of AirAsia brand is unlocking intangible assets become actual shares with market value. Use branding to make monies.

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2024-05-20 09:31 | Report Abuse

During Icapital.biz fund road show prior IPO, the audience and target investors type are retail.
COL or any institutional fund that could disrupt the fund operation should exit to return the fund shareholding to original form.
The fund is to serve retail investors. Those that attended the AGM can notice this is one of the listed companies with most vocal and active retail investors engagement.

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2024-05-15 11:41 | Report Abuse

Some holders are converting LA, seem to some holding LA for the dividend is less attractive than the new proposal.

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2024-05-11 17:03 | Report Abuse

What amazing is that NAV and price increase in tandem even discount remain.
If current bull on Bursa continue then the noises will start deleting their comments.

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2024-05-03 11:10 | Report Abuse

Business that depend on state intervention during bad times is not competitive.
Whether a conglomerate can restructure debt to afford the interest payment then generate profit very much depend on the business model and cash generation sustainability.
Budget air travel, leisure, logistics, fintech had bottom out and now are in demand.
Capital A businesses are well managed.
Capital A has many values to be unlock.

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2024-05-03 10:21 | Report Abuse

SIA were rescued by the government help to raise Billions of SGD 3 to 4 years ago, only now can give dividends.
Airasia is doing fund raising on their own without government help, the effort is commendable, however dividends wont be any times soon.

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2024-04-30 15:39 | Report Abuse

post AAX proposed acquisitions and proposed distribution by Capital A.
AAG placement create a new bulk shares with estimate 24.64%, investors that put 1b for AAG 24 months working capital.
"The Placement Shares are intended to be placed to independent third party investor(s) to be identified later".


Subscription option of 15% estimate 500++million shares,
"The Proposed Granting of Subscription Options entails the granting by the NewCo to
Garynma the rights to subscribe for such number of NewCo Shares representing, in
aggregate, 15% of the total enlarged issued shares in the NewCo immediately after the
completion of the Proposed Acquisitions (excluding treasury shares, if any) via 3
Subscription Options of 5% each. All the 3 Subscription Options will be granted by the
NewCo to the Subscriber immediately after the completion of the Proposed
Acquisitions."

price of ech option share "The issue price of the Subscription Shares comprised in each Subscription Option shall be the closing market price of the NewCo Shares as at the last trading day prior to acceptance by the Subscriber of the grant of the relevant Subscription Option during the Subscription Option Period."

Why investors pump billion and millions into a company?

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2024-04-30 14:54 | Report Abuse

Those that keen to invest or has an interest in Capital A, can spend some time read both AAX and Capital A announcement. Any point dont understand can send queries for the AGM.