CAPITALA (5099) - CAPITAL A BERHAD IPO Prospectus

Most likely capA will report a lose making Q1 2024 due to USD strengthen against Myr, Baht, Rp and Peso

6 days ago

HaHassan

Cap A akan keluar report pada minggu depan ?

5 days ago

human

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

5 days ago

HaHassan Cap A akan keluar report pada minggu depan ?
15/05/2024 9:09 AM

May 15 (Reuters) - Singapore Airlines (SIA) (SIAL.SI), opens new tab posted its highest ever annual profit on Wednesday, as robust demand for air travel drove record passenger revenue and load factors. Syabas Mabel Airlines..

If SIA can do so can CapitalA!

Meow

5 days ago

Sslee

Most likely capA will report a lose making Q1 2024 due to USD strengthen against Myr, Baht, Rp and Peso
too bad poor ol no new idea complain KING thnks market is not forward looking cry of loss QR
USD is weaKening so is jet fuel price.... Jet fuel has dropped 20%++ and USD has dropped 1%++
:)) big discount buy pull back was expected , rewards are far greater :))

5 days ago

Last year, Singapore Airlines (SIA) paid out a dividend of 38 cents per share. This year, they have proposed a higher dividend of 38 cents per share as well, bringing the total payout to 48 cents per share following an interim dividend of 10 cents per share on December 22, 2023. The final dividend for this year will be paid on August 21, 2024, subject to shareholder approval. SIA’s record full-year net profit for FY2024 was $2.7 billion, thanks in part to better operating performance, lower tax expenses, and a share of profits from associates. SIA expects air travel demand to remain healthy in the June quarter, underpinned by a strong pickup in forward bookings to North Asia and South-East Asia.

Additionally, SIA staff will receive 8 months’ bonus following the group’s record earnings. This is higher than the 6.65 months rewarded last year, which did not include ex-gratia bonuses for staff during the pandemic.

Well done Singapore Airlines..

Looking forward to see how our Capital A will perform..

https://www.businesstimes.com.sg/companies-markets/transport-logistics/sia-staff-rewarded-nearly-8-months-bonus-pay-airline-posts-record-s-2-7-billion-profit-fy2024

Meow

5 days ago

How much did capA make last year?
Did capA employees got their derserved Bonus this year?
Know how much Stony pay himself last year?

4 days ago

What is the avr price of your airasia stock, Sslee? 65-70sen?

4 days ago

Good morning EngineeringProfit,
I only hold 1,000 units of capA so that I can send my AGM questions.

Repost:
08:55AM 5238 AAX Buy 1,000 1.540 1,000 1.530000 1,530.00 All Matched
08:40AM 5099 CAPITALA Buy 1,000 0.795 1,000 0.795000 795.00 All Matched

Stock : 5238 - AAX
Ref No.
Date
Transaction Type
Quantity
Price
121400866 30/04/2024 Buy 1,000 1.530

Stock : 5099 - CAPITALA
Ref No.
Date
Transaction Type
Quantity
Price
121400905 30/04/2024 Buy 1,000 0.7950

4 days ago

That's more than me. I sold all at recent peak. Just holding AAX for now. Looking to reload Capital A.............😀

4 days ago

To destination 1.10 next. Cheers

4 days ago

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

4 days ago

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

4 days ago

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.

4 days ago

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

4 days ago

Johnchew5

Hoho , better than you Kon .. hohoho ..

4 days 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.

4 days ago

Junx Leow

😁😁😁

4 days ago

DickyMe

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

4 days ago

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.

4 days 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.

4 days ago

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

4 days ago

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

4 days ago

I not holding any Jtiasa for now.

4 days 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).....

4 days ago

Raymond Tiruchelvam

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

4 days ago

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

4 days 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

4 days 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!!!

3 days ago

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

3 days ago

Junx Leow

Landing later

3 days ago

paulthesotong

Anything to with Privatisation of Malaysia Airport?

3 days ago

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

3 days ago

PE would be 0.1 next....hehe

1 day ago

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! 🚀🌏

1 day ago

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.

14 hours ago

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

13 hours ago

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. 🌏✈️

13 hours ago

@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!

13 hours ago

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 !

13 hours ago

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.

13 hours ago

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

13 hours 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
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

11 hours ago

#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

11 hours 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.

11 hours ago

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 !!

10 hours ago

But COvid is coming. How?

10 hours ago

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

10 hours ago