Profit Taking Continues

The FBM KLCI fell for an 8th straight day as profit taking activities continue. Selling continued in the broad market as well, however heavy hitters within the healthcare and transportation & logistics space kept their respective indices from falling into the red.

Meow

Waiting to accumulate more at EMA 30...

Meow

Waiting to accumulate at EMA 50...

Meow

Group Financial Highlights

Delivered RM14.7 bil, 128% YoY growth. FY23 revenue surpassed FY19 revenue by 24%, despite operating at only 80% of FY19 aircraft. Capital A Companies contributed over RM2.4 bil in revenue while aviation revenue contribution reached RM13.6 bil1

All segment saw significant YoY increase, indicating strong recovery and growth momentum. Generated RM 1.4 billion in cash from operating activities, marking a significant recovery from negative cash flows in previous years

We are ramping up domestic capacity, adjusting China’s capacity growth and Expedite growth in India market.

To New York with Loves...

Meow Meow Meow

Still holding both Warrant and Mother share..

Haha despite Bursa down by 4% today, happy to see another PN17 Capital A is making big progress. Capital A today climbs 2.34% today beating is brother AAX (1.33%) and Sister Singapore Airlines (0.44%). Nice to see Capital A made it on the Top 500 South East Asia Companies joining his sister Singapore Airlines down under…

Still crying..sob..sob...so apy..

87.5 sen oledi...so apy...

Warren Buffett Increases Occidental Stake to Nearly 29% with Nine Consecutive Days of Purchases..

Now Mabel waiting to collect more at 3.5 sen...

Meow

Well Tony and Capital A Supporter...

Meow

https://ceomorningbrief.theedgemalaysia.com/2024/0781/

Now Mabel crying oledi...so apy...

Meow

Nice to see Capital A is on the Top 500 South East Asia Companies

Meow Meow Meow

Nice to see YTL/YTLP is on the Top 500 South East Asia Companies

Meow Meow Meow

This morning while Bursa is down Capital A rise in tandem with Singapore Airlines.

When AirAsia was founded in 2001, our vision was clear: to establish a low-cost airline model focused on simplicity and cost-efficiency, primarily operating single-type narrowbody aircraft optimised for short-haul flights. To capture the medium-haul market, AAX was created in 2007 adhering to the same principles of low-cost, and efficient operations. The emergence of Airbus’ A321LR and A321XLR, is an unprecedented, game-changing opportunity.

Capital A’s shareholders’ equity to turn positive for the first time in 14 quarters following the divestment, while AirAsia X's shareholders’ equity to also strengthen post-transaction

AirAsia Group to fortify its position as the largest low cost carrier in Asia, with a win-win “One Airline” strategy set to transform the face of global low cost travel

Capital A is undergoing significant restructuring. After issuing warrants and placement, AAG (the company) aims to reduce its share capital from RM4.05 billion to RM100 million.

This reduction will eliminate accumulated losses totaling RM3.27 billion. Meanwhile, Capital A’s share capital is projected to decrease by RM2.2 billion to RM6.46 billion, resulting in positive shareholders’ equity at RM492.8 million. If all outstanding RCUIDS and warrants are exercised, the projected shareholders’ equity would be RM1.67 billion following the proposed distribution and disposal of AAB.

Kenanga Investment Bank Bhd highlights anticipated gains from divestment, totaling RM10.8 billion, which is expected to offset the negative shareholder equity and help the company exit the PN17 status.

https://newsroom.airasia.com/news/the-beginning-of-a-new-era-capital-a-and-airasia-group-sign-a-conditional-sale-and-purchase-agreement-on-the-divestment-of-capital-as-airline-business#gsc.tab=0

Thanks for sharing...

Meow

Yup...

Grrrr....

Valuation
Rolling valuations forward to FY25, we raised CIMB’s TP to RM7.90 from RM7.50. Our valuation is based on an implied PBV of c. 1.14x based on the Gordon Growth Model. Buy reiterated on CIMB.
Source: TA Research - 4 Jun 2024

Happy Fathers day Tony...

Capital A Daddies are so Cool..

Meow Meow Meow

As long as PNB still there and our cost is below them we can continue goyang kaki..

Aim for Capital appreciation next year..

Waiting to collect more below 4 sen.. Not easy though..

Compare to YTLPOWER, Yinson is like a turtle..

YTLPOWER so power..

According to the above Nikkei news, Fernandes owns only 0.04% of Capital A shares himself but indirectly controls 24.10%.

Meow

Thanks for sharing Gold Cat!

https://asia.nikkei.com/Business/Transportation/Malaysia-s-AirAsia-eyes-next-level-of-growth-in-major-restructuring

Meow

85.5 sen now ...hihihi

Any surprises?

AirAsia Indonesia Posts 27% Revenue Hike to Rp1.74tn in Q1/2024....

https://en.tempo.co/read/1879354/airasia-indonesia-posts-27-revenue-hike-to-rp1-74tn-in-q12024

Paul can you share about Tony 400K...

That's show confidence by our Magician...

Meow

Even more exciting days cuming ahead with Magician Airlines

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.

If you are the shareholders of Capital A, you will soon have 5 listed companies build into three segments worth RM 2.90:
• Airlines business worth RM 0.95
• Digital business worth RM 0.94
• Brand AA listed US worth RM 1.01

This is inline with Singapore Airlines

• SIA at SGD 6.75
• SATS at SGD 2.64
• SIA Engineering at SGD 2.31.

Both SATS (Singapore Airport Terminal Services) and SIA Engineering Company are wholly owned subsidiary of the Singapore Airlines Group.

..back to 83.5 so nice...

Meow

This 56% increase in diesel prices in Malaysia, resulting from the government’s revamp of fuel subsidies, has implications for various sectors, including companies like Petrochemical Corporation of Malaysia (PCHEM). Here are some key points:

Costs and Margins: PCHEM, being a major player in the petrochemical industry, relies on diesel for transportation, logistics, and energy generation. The price hike may lead to increased operating costs for PCHEM, affecting profit margins.

Revenue Impact: If PCHEM sells products domestically, higher diesel costs could impact its customers’ purchasing power, potentially affecting demand. However, if PCHEM exports products, the impact may be less direct, as international markets have varying diesel prices.

Meow

Better to move on...

SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.

It's better to move on. Right now, beside good companies Mabel is also looking at Capital A and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE..

There are two ways to make money...

Dividend Play
Capital Appreciation.

To Our Success

Meow

Right now, beside good companies Mabel is also looking at AA and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE..

Based on the above Mabel takeaway is simple..

PNB’s stake in Sapura Energy, held under its various funds, was only 12.16% before the rights issue. It also fully subscribed for the latter’s Islamic redeemable convertible preference shares (RCPS-i), which were part of a RM4 billion cash call — RM3 billion from a five-for-three renounceable rights issue at 30 sen per share, and RM1 billion via a two-for-five renounceable rights issue of new RCPS-i at 41 sen each.

In simple term that's PNB cost without considering of the 12.16% before the right issues is between 30 to 41 sen per share. As long as Mabel's cost is below the PNB Cost, Mabel can continue to Goyang kaki...

Cheers King !

Meow

InvestorKING Mabel, your serba already delisted, so how do you feel? And what's your plan now?
09/06/2024 4:29 PM

SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.

Meow

https://theedgemalaysia.com/node/714040

“Top picks for the DC construction play include Gamuda and Sunway Construction Group Bhd (KL:SUNCON), which have secured a total of at least RM2 billion worth of DC contracts.

https://theedgemalaysia.com/node/714040

“Top picks for the DC construction play include Gamuda and Sunway Construction Group Bhd (KL:SUNCON), which have secured a total of at least RM2 billion worth of DC contracts.

https://themalaysianreserve.com/2024/04/30/capital-as-aviation-restructuring-receives-positive-analyst-feedback/

This collective gain of RM10.8 billion is projected to offset the negative shareholder equity of RM10.5 billion as of Dec 31, 2023, effectively aiding the company in exiting the PN17 status.

Thanks for sharing..

Putting these latest news together...

Capital A is undergoing significant restructuring. After issuing warrants and placement, AAG (the company) aims to reduce its share capital from RM4.05 billion to RM100 million.

This reduction will eliminate accumulated losses totaling RM3.27 billion. Meanwhile, Capital A’s share capital is projected to decrease by RM2.2 billion to RM6.46 billion, resulting in positive shareholders’ equity at RM492.8 million.

If all outstanding RCUIDS and warrants are exercised, the projected shareholders’ equity would be RM1.67 billion following the proposed distribution and disposal of AAB.

Kenanga Investment Bank Bhd highlights anticipated gains from divestment, totaling RM10.8 billion, which is expected to offset the negative shareholder equity and help the company exit the PN17 status.

Have you ever wonder why some of the Singapore-headquartered companies choose to list in the United States, either on the New York Stock Exchange (or NYSE for short), or NASDAQ? even though Singapore has its own stock exchange (in the Singapore Exchange, or SGX for short)?

One of the primary reasons for this is the ability to gain access to a much larger capital pool compared to listing on the stock exchange in its home country. By listing in the United States, the companies will be able to tap into a broader investor base, allowing them to raise significantly more funds.

Liquidity is another factor. If you are familiar with trading on the Singapore market, you will know that only a select few companies have a high trading liquidity. On the other hand, because of the sheer size of the US stock exchanges, the companies listed there have a much better liquidity, and this aids in the ease of buying and selling of shares.

Now you will understand why our Magician wants all of us to fly to New York..

To New York with Loves...

Meow Meow Meow

Noted SinGor

Mabel think it is a wise decision..

O&G in Malaysia has changed drastically in the last 15 years with the country's oil output declining from its peak of 650,000 barrels per day to 370,000 barrels per day.

Malaysia need Sapnrg...

Meow

Haha sslee is now under Magician Tony's magic spells after attending AGM.. hihihi

KUALA LUMPUR (June 6): Sapura Energy Bhd (KL:SAPNRG) has been granted a nine-month extension by the High Court to the Corporate Debt Restructuring Committee (CDRC) deadline of its standstill period, which shields its group of companies from action by its multi-currency financing (MCF) creditors.

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised.

Yinson is more transparent..

Meow

Mabel has been waiting at SMA 50 ...RM 4.51

Blonde hair turn white oledi waiting...hihihi..

OTB I still hold a big portfolio of YTLPower.
No intention to sell them.
I like to keep them for a bit longer term.

When the share price of YTLPower drops, I prefer to keep quiet.
I do not like to bad mouth any stock in I3.
I will add position if the share price drops to a strong support level.

I still stick to my target price at 6.30 in 2024.
Hopefully this target price can be achieved in the second half of 2024.
Good luck.
Thank you.

05/06/2024 5:16 PM

OTB Dear,

Mabel is also waiting to add more...

Can you share what is your support level?

Meow

joyvest SD is going down today. No matter how many free warrants you have been allocated ,all are worthless in the end as if used toilet papers.....
05/06/2024 7:53 AM

SD went downhill due to False accounting . Nothing much we can do when honesty is compromised.

Meow

Haha very true...

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

EPS: RM0.18 (up from RM0.15 in 1Q 2023).
Revenue: RM5.22b (up 12% from 1Q 2023).
Net income: RM1.94b (up 18% from 1Q 2023).
Profit margin: 37% (up from 35% in 1Q 2023). The increase in margin was driven by higher revenue.

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%.

Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Banks industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.

Broken oledi... Hihihi..

To Our Success

Meow Meow Meow

Are Water Stocks the Next AI Play?

JPMorgan Predicts Data Centers Will Consume 450 Million Gallons of Water Daily..

Thanks God YTL Power now has water...

Meow Meow Meow

...and our baby still sleeping...

Hello Ying...

Where are you?

Tiger Bank gives a TP of RM 4.78...

https://mkefactsettd.maybank-ke.com/PDFS/385092.pdf

Meow

https://www.straitstimes.com/tech/tech-news/google-s-latest-data-centre-raises-its-investment-in-singapore-to-676-billion?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_AM&utm_term=Google%E2%80%99s+latest+data+centre+raises+its+investment+in+Singapore+to+%246.7+billion&utm_content=04%2F06%2F2024

SINGAPORE - Google has increased its investment in infrastructure in Singapore to US$5 billion ($6.7 billion) with the completion of its fourth data centre here. This is up from US$850 million (S$1.1 billion) in 2022 when its third data centre in the Republic was launched.

Singapore is one of 11 countries where Google currently operates data centres, with the company’s first data centre here launched in 2014 and its second coming online in 2015. Its data centres here are all located in Jurong West.

*On May 30, Google said it would invest US$2 billion in Malaysia to develop its first data centre there*.

Plus few few property names like Gamuda, Sime Prop, Mah Sing, UEM Sunrise and Jakel.

Looks like every wang want to be in Data Centre...

Data centre need Electrict & water. No matters who build, it still need

Huge Electric + Water....

TNB+YTLP+RANHILL.

Meow Meow Meow

CIMB Group Holdings Bhd reported an 18% increase in net profit for the first quarter compared to the same period last year, driven by faster growth in both interest and non-interest income compared to costs and provisions. The bank recorded a net profit of RM1.94 billion for the three months ending March 31, 2024, up from RM1.64 billion in the same period in 2023. Net interest income experienced a 7.7% YoY growth, reaching RM3.79 billion, while non-interest income surged by 24.5% to RM1.84 billion. CIMB Group did not declare any dividends for the quarter.

GSX1111 Data centre need Electrict & water.
No matters who build, it still need
Huge Electric + Water.
TNB+YTLP+RANHILL.
02/06/2024 9:08 AM

Yes lah...