abidinaa

I cannot make up my mind whether to buy warehouse or buy bank. Hehe

6 days ago

Sslee

30 September 2024: 30 June 2024
USD/MYR
Average rate 4.4566: 4.7323
Closing rate 4.1065: 4.7205

As of 19/12/2024 USD rate 4.45
What will be USD closing rate on 31/12/2024 compare closing rate at 30/9/2024 of 4.1065?
What will be the FX gain/lose?

6 days ago

Sslee

A joke to cheer your day. 😂

Tan Sri Tony, the founder of AirAsia, arrives in Kuala Lumpur. He enters a nasi lemak shop and orders a nasi lemak.

The waiter nods and says, "That'll be 10 cents, Tan Sri."

Surprised, Tony replies, "Wow, that's cheap!" and hands over the Ringgit.

The bartender smiles and says, "We aim to beat the competition. We're the cheapest nasi lemak in Malaysia."

“Malaysia Boleh," Tony responds.

Then the bartender notices, "Tan Sri, you don't have a fork and spoon. That'll be three Ringgit for one of ours."

Tony sighs but pays up. He takes his nasi lemak and goes to sit down.

“Sorry," the waiter adds, "there's a two Ringgit charge to sit unless you booked online for just one Ringgit."

Annoyed, Tony takes a sit and places his bag on the seat next to him.

“Tan Sri, you're takung two seats. You'll need an extra spot for another two Ringgit," says the waiter.

Frustrated, Tony stands up, places his nasi lemak on the table, and shouts, "This is ridiculous! Do you know who I am? I want to speak to the manager!"

“Of course, Tan Sri," replies the bartender.

"I've had enough," says Tony angrily. "I came for a meal and this is how I'm treated? I want to speak to the manager!"

"Certainly, Tan Sri," the bartender says cheerfully. "You can contact him via the messaging feature in our application.”

"I'll never come back to this restaurant!" Tony screams.

“That's fine, Tan Sri, but remember we're the only restaurant in Malaysia selling nasi lemak for 10 cents."

4 days ago

paulthesotong

Whats the different between an Optimist and a Pessimist?

An Optimist created the Airplane whereas A Pessimist created the seatbelts.

4 days ago

Sslee

Neither optimist nor pessimist would help you to make full use of what life has to offer.

Be pragmatist and seek truth from facts

4 days ago

paulthesotong

What do u get when u get cross an aeroplane with a magician?

A flying sorcerer!

4 days ago

paulthesotong

Straight from the horse mouth..We almost out of PN17.. .. Probably the greatest turnaround story ever.!

MAAGA!

4 days ago

Mabel

A flying sorcerer!

Yes Sir...We almost out of PN17 for Capital A. Probably the greatest turnaround story ever in Malaysia...

https://www.youtube.com/watch?v=Gft_kG9cfJg

Enjoy this song as much as I do…..

4 days ago

Sslee

Noting to shout about when Stony is arm-twisting AAX to take over the debts laden capA' aviation so that capA can exit PN17.

4 days ago

Sslee

The only question now is who will be the AAX PP investor/investors that ready to invest RM 1 billion into AAX?

4 days ago

abidinaa

3QTR
July 1 2024 RM/USD 4.67
Sept 30 2024 RM/USD 4.17
4QTR
Oct 1 2024 RM/USD 4.18
To date RM/USD 4.45
4QTR Forecast
RM maintain strength
Passenger increase based on MAHB
Profitability slightly increase compared to 3Qtr 2024.

4 days ago

Sslee

Q3 is the weakest quarter. Looking forward to see what will it be on Q4.

Below expectations. Capital A Berhad (Capital A) reported a 3QFY24 core LATAMI of -RM545.7m, bringing cumulative 9MFY24 core losses to -RM324.7m after excluding forex gains and one-off items. This fell below our and consensus expectations, which had anticipated a full-year profit, primarily due to higher-than-expected operating expenses (opex) and weaker contributions from non-aviation entities.

4 days ago

paulthesotong

What do u call it when a Giraffe swallows a toy plane?

A Plane In The Neck!

2 days ago

ArianaGoh

People not going cuti-cuti this year end ...?

2 days ago

paulthesotong

Competitor has si many issues.....

https://www.malaymail.com/news/malaysia/2024/12/22/new-planes-old-problems-malaysia-airlines-says-a330neos-have-engine-issues/160759

2 days ago

abidinaa

Are you sure MAS pilots are familiar with A330 or not. It's not like Boeing la where each toggle switch and button are for specific function. In A330 most of buttons can do more than one functions and most are on-the-fly system. If you are tikus don't try to fix the labu la.

2 days ago

jenson68

Accumulate and hold ….

2 days ago

The_JQuestion

Neither optimist nor pessimist would help you to make full use of what life has to offer.

Be pragmatist and seek truth from facts

Finally leopard show his true color .... Goodluck , seems like Hope is back . We shall know soon , HOLD till then !!! once confirm , u can choose

2 days ago

Ravi Kumar

Only good at cut and paste. Is it the operator's fault or the manufacturer's poor quality? LOL

paulthesotong

Competitor has si many issues.....

https://www.malaymail.com/news/malaysia/2024/12/22/new-planes-old-problems-malaysia-airlines-says-a330neos-have-engine-issues/160759

4 hours ago

2 days ago

The_JQuestion

RP submitted... its time to FLY great xMAS gift from tan sri himself... unwrap time !! huat ah 2025 , year of SNAKE ... snake will triumph !! all the way to CNY and some say HARI RAYA !! 2026 , maybe back to peak level !!

2 days ago

Flyinghorse

https://theedgemalaysia.com/node/738755

2 days ago

jenson68

Capital A to exit PN17 status by 1Q2025, says CEO… hehe

2 days ago

Mabel

Haha Mabel always loves Airlines..

1st plane ride when Mabel was 8 years old was on Cessna. It was loves on 1st fly..

Bought and Proud to be the Shareholders of Malaysian Airlines. Make good profits when Khazanah took it private..

So Air Asia was a natural choices when MAS went to private.

Beside, with AA Every One Can Fly. It's the Worlds Best Low cost airline for 15th consecutive-time

https://www.worldairlineawards.com/worlds-best-low-cost-airlines-2024/

2 days ago

jenson68

Glad to hear Capital A submits regularisation plan successfully !! Hope everyone can “ fly “ with Capital A in 1Q 2025 !! Cheers

2 days ago

Sslee

Already lost count how many times Stony promised by when capitalA will be out of PN17.
Hope this time will he fulfill his promise?

Capital A to exit PN17 status by 1Q2025, says CEO

2 days ago

abidinaa

KEY TAKEAWAYS
A capital reduction is the decrease of a company's shareholder equity.
Capital reductions are generally done through share cancellations, paid-back capital, or share repurchases (buybacks).
Companies do capital reductions for a variety of reasons, such as for increasing shareholder value or producing a more efficient capital structure.
Capital reductions must be performed according to the law and a company must undergo a series of steps to correctly do a capital reduction.

2 days ago

Sslee

Capital reduction do not strengthen capA balance sheet. The disposal of debts laden AAAGL and AAB to AAX did the job of strengthen capA balance sheet.

But then again can AAX survive with the heavy debts and impairment of goodwill in year to come? If not then AAX will fall into PN17.

1 day ago

paulthesotong

To be or not to be,,Now up to Bursa..

https://newsroom.airasia.com/news/2024/12/23/capital-a-submits-regularisation-plan-to-bursa-malaysia-to-exit-pn17#gsc.tab=0

1 day ago

Mabel

To Our Success All Stars!!!!

1 day ago

Mabel

Malaysia Airlines (MAS) has received substantial financial support from the Malaysian government over the years. Here are some key figures:

1998: The government bought back a controlling stake from businessman Tan Sri Tajuddin Ramli.

2002: Another bailout was required due to continued financial struggles.

2014: Following the tragic incidents of MH370 and MH17, the airline received significant financial support to restructure and stabilize.

2014: Khazanah Nasional Bhd injected RM6 billion into MAS.

2018: MAS received a total of RM28 billion from Khazanah Nasional Bhd

In contrast, Singapore Airlines (SIA) has had a more stable financial history and has not required as many bailouts. However, during the COVID-19 pandemic in 2020, SIA received a substantial financial package from the Singapore government to help it navigate the crisis.

When Tony Fernandes took over AirAsia in 2001, he did receive some funding. He and his partners bought the heavily indebted airline for a token sum of 1 Malaysian Ringgit (approximately USD 0.25) and took on debts of around USD 11 million (RM 40 million). Fernandes mortgaged his home and used his personal savings to acquire the company, which was then losing money

Now you know why we loves Capital A....

Meow Meow Meow

1 day ago

jenson68

Thanks for your insight @ Mabel !!

1 day ago

fregend

somehow this counter can never die, tony magician

1 day ago

RobinHootnShoot

It will go up to RM1.50 at least after PN17 is lifted

1 day ago

abidinaa

Historically Q4 is the strongest. This time the following Q1 will be packed with CNY and Raya travellers. We are looking forward to amazing QR because RM/USD is forecasted to be hovering around 4.5 or maybe lower because the US inflation data is getting even lower which may force Fed to lower the interest rate. So get ready to accumulate and prepare to buy additional lorries or even vaults. It's gonna be a very very merry QR.

1 day ago

Mabel

Haha today Lady Sapura is sitting on P1 today in Mabel Malaysia (16.67%). Loves to see these 2 National Assets (Sapnrg (16.67%)and Capital A (1.02%) complete turnaround. Happy to be part of their success stories. Sapnrg 3rd Generation of Leadership under PNB is clean from cronyism and corruption. Beside, they are not so keen on Birkins.

The cost of holding is actually minimal. It is actually much much much much much much lower than Big Brother PNB is holding. If they can tahan so can Mabel. Beside the Capital Gain and Dividends from the 14 counters can easily cover this cost. It's part of the learning cost to see a potential great turnaround stories.

https://theedgemalaysia.com/node/738865

To Our Success Everyone!

Meow Meow Meow

1 day ago

Mabel

Capital A Aduka : Tak lama lagi kita bolih terbang sayang

Lady Sapura : Sabar sayang, tak kan lari gunung di kejar. Kita ke bulan tahun 2025...

1 day ago

Sslee

Many other airlines already fully recovered and make a lot of money the last 2 years.

Only capA still suffered from long covid and unable to make any money from flying people. Either Stony do not know how to make money flying people or the lessors are squeezing Stony ball for what its worth.

1 day ago

williamh

Capital reduction mean very paintful to small investors,maybe 10 become 1.

1 day ago

williamh

Many has over sight the capital reduction impactful and think IT will fly to 1.50,but the value has to reduce to 10 become 1 Share.only big timer gain

1 day ago

Sslee

CapA capital reduction is just an accounting adjustment of share capital. It did not involved share consolidation. After all most of aviation billions in net liabilities will be transfered to AAX

Unlike AAX debts restructure (0.1 sen for every ringgit owed), capital reduction, share consolidation (10 to 1) and PP

1 day ago

TradingFUN

page 14 of regulasation plan

For the avoidance of doubt, the Proposed Capital Reduction will not result in:
(a) any change in the total number of issued ordinary shares in Capital A (“Capital A
Shares”), the RCUIDS or the warrants 2021/2028 in the Company (“Warrants”);
(b) any payment to the shareholders of the Company; and
(c) any adjustment to the reference price of Capital A Shares, the RCUIDS or the Warrants.
Each shareholder will hold the same number of Capital A Shares representing the same
percentage shareholding in the Company before and immediately after the completion of the
Proposed Capital Reduction.

1 day ago

TradingFUN

Cap A will complete the recovery by Q4 this year.
2025 with all planes flying will reflect the full potential of the financial performance.

1 day ago

Anw412

even though the RP was delayed few times but in terms of timing this is the best time to submit it.
1. Almost full capacity recovery in Q4.
2. Additional new aircrafts coming in.
3. ADE's new hangar completed and ready to serve bigger MRO market. Look out for this.
4. Teleport also performing well and gaining more market share.
5. Santan & MOVE will also grow in tandem with AA capacity growth.

I will hold on until all RP completed then decide after that. Things are looking comfortable barring any new crisis.

23 hours ago

Mabel

I'm with you guys and thanks for sharing...

There were 55 IPOs on Bursa Malaysia in 2024, marking the highest number of listings in 19 years

https://www.thestar.com.my/business/business-news/2024/12/20/bursa-malaysia-records-highest-number-of-ipos-in-19-years-with-55-listings-in-2024

Unfortunately, Quality always beats Quantity as these 55 IPO fail to lift up Bursa Malaysia up. What we need is to nurture the current National Treasures so they can be another Ferrari. A good example is when YTL and YTL Power was cleared by MACC, they managed to pull KLCI above 1600 last week with or without Foreign Funds…

Mabel is expecting the same from this National Treasures soon...

Meow Meow Meow

21 hours ago

paulthesotong

Concur ..CapA is a Ferrari! Why put in the garage?...Let do some showboating.

19 hours ago

paulthesotong

What Comes Next after RP?

https://skift.com/2024/12/23/capital-a-seeks-to-clear-distressed-status-with-1-3b-capital-cut/

18 hours ago

The_JQuestion

JUST accounting from DAY 1 tony told... meanwhile a lot of golden companies left in cap A >>> TELEPORT , ADE waiting for thier individual IPO debut.... wow AMAZING tan sri ! he will make it happen before his last tenure ,, making value for MALAYSIAN markets now all depends on the REST after his time is over

18 hours ago

Sslee

30 September 2024: 30 June 2024
USD/MYR
Average rate 4.4566: 4.7323
Closing rate 4.1065: 4.7205

Quarter ended 30 Sep 2024
Foreign exchange gain/ (loss)
Realized: RM 74,800 000
Unrealized: RM 2,195,000,000

So if 30/12/2024 USD/MYR ended at 4.50 what will be the Foreign exchange loss?

17 hours ago

Sslee

CapA is a LCC airlines or our Myvi where everyone can afford to at least owned one.

"Now Everyone Can Fly” is the tagline of AirAsia, a low-cost airline based in Kuala Lumpur, Malaysia

Can everyone afford a "Ferrari"?

17 hours ago

paulthesotong

I just love that some can't find humours in other forums..Merry cheatmas n humbel new year!

17 hours ago