Sslee

I would say the final destination is delist and then relist.

1 week ago

Sslee

Life is unfair in Malaysia. Airlines employees do all the hardwork but the boss and airport get all the reward.

1 week ago

Mabel

Capital A's sale of its aviation business to AirAsia X likely won't be enough for the company to shed its financially distressed status, Maybank IB analyst Yin Shao Yang says in a note. If AirAsia parent Capital A manages to list its brand-management unit in the U.S. via a SPAC deal, however, then that could to tip the scale and get the company's assets to exceed liabilities. Though the divestment might reduce Capital A's value in the near term, it could be value accretive long term as the company is set to keep an 18% shareholding in the restructured aviation business, he notes. Maybank maintains a buy rating on Capital A with a MYR0.94 target. Shares are 5.4% higher at MYR0.78.

1 week ago

Sslee

Referring recent announcement of divestment of The Group aviation to AAX
https://theedgemalaysia.com/node/709489
The divestment of AirAsia Aviation Group Ltd (AAAGL) is expected to give rise to a pro forma gain of RM4.69 billion to Capital A, while the disposal of AirAsia Bhd (AAB) would result in a gain of RM6.07 billion

I’m afraid the deal is a zero sum game. What The Group gains is AAX losses: AAX after the acquisition of AAAGL and AAB the total borrowing and lease liabilities is RM 23,271,794,000 gearing 23.96 times.

Question 32: External Auditor what is the likelihood that AAX/New Aviation Group default on payment on current liabilities: Lease liabilities, borrowing, aircraft maintenance, trade and other payables, etc?

Question 33: Company Secretary If a default happens; will the BOD of both CapitalA and AAX end up in jail for offences of Wrongful/Fraudulent trading under Company Act 2016 section 540 and Section 539?

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:
“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:
“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration

Question 34: If capital A needs to be delisted from Bursa to get more time and space to do a proper capital-raising and restructuring plan and relist in the future, will BOD do so rather than a rush job that might land everyone in a bad place

1 week ago

Johnchew5

Hoho , better than you Kon .. hohoho ..

1 week ago

rhtc88

Although Sslee always criticize Cap A & AAX, but can feel that that's actually is True Love. Only True Love will always hope you can be more better.

1 week ago

Junx Leow

😁😁😁

1 week ago

DickyMe

If you call, always nagging and bit ching is true love then I am sure your life partner is one of them.

1 week ago

Sslee

This is an open forum and I just try to speak the truth.
And many people in this forum can't take the truth because the truth hurt.

1 week ago

rhtc88

@Dicky That's Sslee style. Not mine.

@Sslee I didn't said it's bad. I just voice up your criticize ways of Cap A & AAX.

1 week ago

EngineeringProfit

Come on. Freedom of speech must be upheld. At least Sslee still hold 1000 lot. Me sudah kosong (but buying big soon.......)

1 week ago

Sslee

Correction. I only hold 1,000 unit capA just to qualifly as shareholder not 1,000 lot.

The top holding in my portfolio is jayatiasa 1million+ units

1 week ago

EngineeringProfit

I not holding any Jtiasa for now.

1 week ago

ken2004

LOL this is the part I don't understand, why want to so obsess with Capital A till the extend even want to lose money (I assume since you said this is very bad risk company).....

1 week ago

Raymond Tiruchelvam

i wonder why some ppl dont own any shares, but have thousand comments to make.... LOL

1 week ago

Sslee

Because this is free open forum and everyone have their strong opinion and two cents to share.

1 week ago

Raymond Tiruchelvam

@Sslee .... duly noted, but pls be fair if you want to share downside also do research and share upsides, there is always 2 sides of a coin, im my experience Tony is a master when it comes to financial restructuring and what he has done is remarkable to say the least .... i cant say much tho about jtiasa :-) peace

1 week ago

Karlos

Another local competitor, My Jet Xpress is now out due to its air service licence revoked. Else in Europe summer holiday travel chaos warning after Boeing safety crisis leads to plane shortages.
How lucky that Air Asia now operate all Air Buss fleet!!!

6 days ago

EngineeringProfit

Boarding time, guys! CHeck in.................................

6 days ago

Junx Leow

Landing later

6 days ago

paulthesotong

Anything to with Privatisation of Malaysia Airport?

6 days ago

The_JQuestion

oil stabilising and low + strong rinnggit rebound in the coming QR .... bomb ! double effect , with good QR results coming Q2 onwards. q1 will not be disappointing as well ... pn 17 exit in style by le senior , tony Fernandes , arriba, arriba … andale, andale

6 days ago

EngineeringProfit

PE would be 0.1 next....hehe

4 days ago

Alex_Kho

https://www.travelandtourworld.com/news/article/record-1-98-billion-profit-surge-leads-to-8-months-salary-bonuses-for-singapore-airlines-staff/

With this positive momentum, we can certainly hope for other airlines, including Capital A and AAX, to follow suit and soar to new heights! 🚀🌏

4 days ago

Sslee

If you are an employee of airasia and you read the below news.
How would you feel?
You have work so hard till checking all hand carried bags to ensure those carry over 7 kg need to pay the penalties and yet already how many years AA never pay Bonus?
What had gone wrong when SIA reported record profit yet AA hardly making any money?

Record $1.98 Billion Profit Surge Leads to 8 Months’ Salary Bonuses for Singapore Airlines Staff
Sunday, May 19, 2024
Singapore Airlines reports a record profit of S$2.67 billion for 2023-2024, leading to substantial employee bonuses and reflecting strong recovery in travel demand.

The payout exceeds Singapore Airlines’ previous year’s earnings peak, resulting in a profit-sharing bonus equivalent to 6.65 months’ pay and up to 1.5 months’ salary as an ex-gratia bonus related to the pandemic.

The city-state’s flagship carrier reported a record annual profit of S$2.67 billion ($1.98 billion) for the fiscal year 2023-2024, a 24% increase from the previous year, according to a filing on Wednesday.

3 days ago

The_JQuestion

u employee? we shareholders, we hope for bonus. share price limit up , QR coming . better days ahead , SIA untung cap A also untung ! fat bonus coming to us :)) ... dont worry , sure UP , sslee now nothing much to whine and repeat about already

3 days ago

Alex_Kho

It's essential to recognize that each airline's financial performance depends on various factors, including route networks, cost structures, and market dynamics.

1. Different Business Models:
Singapore Airlines (SIA) and AirAsia indeed operate with distinct business models. Here's a brief comparison:
- SIA: As a full-service carrier, SIA focuses on premium services, long-haul flights, and connecting major global cities. Their emphasis is on luxury, comfort, and high-quality in-flight experiences.
- AirAsia: AirAsia, on the other hand, follows a low-cost model. They prioritize affordability, point-to-point routes, and efficient operations. AirAsia aims to make air travel accessible to a broader segment of travelers.

2. Travel Recovery:
The news about Singapore Airlines' record profit reflects a positive trend for the aviation industry. By reporting a profit of S$2.67 billion for 2023-2024, SIA demonstrates that travel demand has rebounded significantly. In fact, this level of profitability suggests that travel has not only returned to pre-COVID levels but has likely exceeded them.

Both airlines contribute to the industry in their unique ways, catering to different customer segments. As travel continues to recover, there is hope to see positive outcomes for AirAsia as well. 🌏✈️

3 days ago

Alex_Kho

@The_JQuestion,
I share your view too. overall its good news for the aviation sectors. and i guess our role is to capitalise on this trends. hope everyone will be profitable at the end of the day. cheers!

3 days ago

The_JQuestion

u share my view u win , u share loser view u lose ... always wrong about cap A yet trying to be expert , nvr humble , always arrogant and stubborn ,, limit up kasi dia tengok dlu, tony mesti BOLE !

3 days ago

Alex_Kho

lol. one thing to note is that, Capital A is still trading way below its pre-covid time. i'm very keen to see after PN17 lifted, its price will return back to pre-pandemic levels.

3 days ago

Sslee

I will be very keen to see what will be BOD, External Auditors and Company Secretary answer to my AGM questions?

https://klse.i3investor.com/blogs/Sslee_blog/2024-05-09-story-h-181840138-Questions_for_upcoming_Capital_A_Berhad_AGM_on_13_Jun_2024.jsp

3 days ago

Mabel

#The_JQuestion oil stabilising and low + strong rinnggit rebound in the coming QR .... bomb ! double effect , with good QR results coming Q2 onwards. q1 will not be disappointing as well ... pn 17 exit in style by le senior , tony Fernandes , arriba, arriba … andale, andale
17/05/2024 6:12 PM

#Alex_Kho It's essential to recognize that each airline's financial performance depends on various factors, including route networks, cost structures, and market dynamics.

1. Different Business Models:
Singapore Airlines (SIA) and AirAsia indeed operate with distinct business models. Here's a brief comparison:
- SIA: As a full-service carrier, SIA focuses on premium services, long-haul flights, and connecting major global cities. Their emphasis is on luxury, comfort, and high-quality in-flight experiences.
- AirAsia: AirAsia, on the other hand, follows a low-cost model. They prioritize affordability, point-to-point routes, and efficient operations. AirAsia aims to make air travel accessible to a broader segment of travelers.

2. Travel Recovery:
The news about Singapore Airlines' record profit reflects a positive trend for the aviation industry. By reporting a profit of S$2.67 billion for 2023-2024, SIA demonstrates that travel demand has rebounded significantly. In fact, this level of profitability suggests that travel has not only returned to pre-COVID levels but has likely exceeded them.

Both airlines contribute to the industry in their unique ways, catering to different customer segments. As travel continues to recover, there is hope to see positive outcomes for AirAsia as well. 🌏✈️
20/05/2024 11:37 AM

Indeed..

In Singapore you need to buy 3 Companies in SGD. Here you Buy at RM 86 sen you will get all 3...

https://www.bloomberg.com/news/videos/2024-01-18/airasia-group-ceo-tony-fernandes-speaks-with-bloomberg-in-davos

Capital A will have 5 listed companies build into three segments:
Airlines business worth RM 0.95
Digital business worth RM 0.94
Brand AA listed US worth RM 1.01
Total worth RM 2.90

This is inline with Mabel’s Singapore Airlines
• SATS at SGD 2.89
• SIA Engineering at SGD 2.35.
• SIA at SGD 6.53

To New York with Loves...

Meow

3 days ago

Mabel

#paulthesotong Anything to with Privatisation of Malaysia Airport?
17/05/2024 5:15 PM

Here's some news paul,

https://www.straitstimes.com/business/gip-eyeing-up-to-49-stake-in-malaysian-port-operator-could-value-it-at-85-billion-sources

Yes, that’s correct! Global Infrastructure Partners (GIP) is in talks to acquire up to a 49% stake in MMC Port Holdings, which is Malaysia’s largest port operator. MMC Port Holdings owns seven ports in Malaysia, including the Port of Tanjung Pelepas in Johor Bahru. The deal could potentially value MMC Port Holdings at around RM30 billion (S$8.5 billion).

Interestingly, GIP itself is being acquired by BlackRock for US$12.5 billion. Just days after BlackRock’s announcement, US private equity firm General Atlantic also agreed to buy UK-based infrastructure investor Actis.

Recently, GIP, in partnership with Khazanah, EPF, and ADIA, announced a conditional offer to acquire a stake in Malaysia Airports Holding Berhad. This deal could potentially involve up to a 49% stake in the company, valuing it at around RM30 billion

https://www.global-infra.com/news/gip-in-partnership-with-khazanah-epf-and-adia-announces-conditional-offer-to-acquire-malaysia-airports-holding-berhard/

Meow

3 days ago

paulthesotong

Oh yeah! "Efficiency" ... meaning saving costs to one of its top clients AA.

https://www.thestar.com.my/business/business-news/2024/05/17/proposed-mahb-privatisation-boosts-efficiency----anthony-loke#:~:text=PUTRAJAYA%3A%20The%20proposed%20privatisation%20of,said%20Transport%20Minister%20Anthony%20Loke.

3 days ago

The_JQuestion

https://www.freemalaysiatoday.com/category/business/2024/05/20/mahbs-passenger-traffic-rises-7-8-to-11mil-in-april/
top clinet AA ... only GOOD GOOD NEWS... GREEN ALL THE WAY LA !!

3 days ago

EngineeringProfit

But COvid is coming. How?

3 days ago

The_JQuestion

u can listen to KKM advise... they only monitor and "recommend" u more covid shots... no FOC tho i believe :)

3 days ago

Sslee

Singapore is experiencing a new wave of COVID-19, with authorities recording over 25,900 cases from May 5 to 11. Health Minister Ong Ye Kung advised the public to wear masks again on Saturday.

“We are at the beginning part of the wave where it is steadily rising,” Kung stated. “So, I would say the wave should peak in the next two to four weeks, which means between mid- and end of June,” he told The Straits Times.

3 days ago

JrWarren

Why the airline merger and what is the expectation for shareholder on Capital A future ?

https://www.youtube.com/watch?v=XDA-3OpBUms
https://www.youtube.com/watch?v=ii3jBN8bBNU

2 days ago

JrWarren

guys, make sure you attend AGM in June, Tony want to sell you story and number =)

2 days ago

Mabel

Yesterday Mabel continued to accumulate Capital A as Malaysia Airports Holdings Bhd’s (MAHB) April 2024 traffic expanded by 7.8% to 11 million passengers compared to the preceding month’s 10.2 million passengers’ movement. The airport operator reported a total traffic performance of 7.6 million passengers across its local airports in Malaysia during the month, an 8% increase compared to March’s 7.1 million.

We will take back Tourism from Thailand…

In Singapore you need to buy 3 SIA Companies in SGD. Here you Buy Capital A at RM 85 sen you will get all 3...

Capital A will have 5 listed companies build into three segments:
Airlines business worth RM 0.95
Digital business worth RM 0.94
Brand AA listed US worth RM 1.01
Total worth RM 2.90

This is in line with Mabel’s Singapore Airlines
• SATS at SGD 2.89
• SIA Engineering at SGD 2.35.
• SIA at SGD 6.53

To New York with Loves...

https://www.freemalaysiatoday.com/category/business/2024/05/20/mahbs-passenger-traffic-rises-7-8-to-11mil-in-april/

2 days ago

DickyMe

Market transitioned into meditational mode.
See you next week.

2 days ago

Income

Stony controlling prices here of Bankers controlling prices here???

2 days ago

Income

Omg, Spore covid shooting up sky high. Stony is panicking now???
I think Spore too clean city until its population no natural immunity to defend against the disease 🦠???

2 days ago

Mabel

https://www.channelnewsasia.com/singapore/sia-singapore-airlines-death-turbulence-london-bangkok-4352051?cid=internal_sharetool_androidphone_21052024_cna

Bay of Bengal is a notorious place when you cross this sector. Mabel has experienced few times when the aircraft fall freely. One on MAS, Thais Airway, Scandinavia, and SIA...This place is really no joke. Luckily no one was hurt on our plane..

This is a very good reminder to everyone ... when in a flight, always keep your seat belt buckled even when the seat belt light is off.

It's said the passengers hit the ceiling when the plane hit the air turbulence.

In this incident, a Singapore Airlines flight from London to Singapore encountered severe turbulence over the Bay of Bengal. The Boeing 777-300ER aircraft dropped approximately 6,000 feet (2,000 meters) in just a matter of minutes after crossing the Bay of Bengal. Unfortunately, one person lost their life, and several others were injured during this incident. The flight was forced to divert to Bangkok, where it landed safely.

Turbulence can be caused by various factors, including flying through clouds or encountering “clear air” turbulence, which is not visible on a jet’s weather radar and cannot be predicted. This incident highlights the importance of seatbelt usage even when the skies appear clear.

Thanks God Mabel Capital A is using only Airbus...

Meow

2 days ago

Karlos

If it is Boeing, I am not going !

2 days ago

Income

I trust C919 only.

2 days ago

The_JQuestion

c919 i believe tony ever make MOU with them ... dont be surprised he use them one day !! china ppl will flock to the only asian airline with it then !! PRC approveed

2 days ago

Pandu1

I only trust Airbus.

15 hours ago

Junx Leow

I only trust my legs !!!
😁😁😁😁😁😁

9 hours ago