Sslee

Sslee | Joined since 2016-08-31

Investing Experience Beginner
Risk Profile Moderate

Emotional Introvert Most defining characteristics: You are sensitive, melancholic and a perfectionist. You are a very emotional, caring and dedicated person. You believe that there is a bigger picture in life, one that we can’t really see, but we can feel. You are very compassionate, strong minded

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Past 30 days
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Past 7 days
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Today
28

User Comments
Stock

17 minutes ago | Report Abuse

Know how many IBs analyst is cutting their projected earning for 2023, 2024 and 2025?

What had gone wrong with CapA when many other airlines are earning big profit and talking about rewarding their employees with many months of year end bonus?

Posted by ken2004 > Dec 1, 2023 8:06 PM | Report Abuse
Seriously, people buy for the potential............which this part whether the company in the coming year will earning big bucks or not..........

Stock

1 hour ago | Report Abuse

HLIB research also said that Capital A is expected to undertake a disposal exercise that will involve AirAsia X, which recently had its own PN 17 status uplifted.
Capital A is also exploring the listing of Philippines AirAsia Inc and PT Indonesia AirAsia.

Is HLIB research clueless that PT Indonesia AirAsia is a listed company in Indonesia?

AirAsia Indonesia Tbk PT
IDX: CMPP
OverviewCompareFinancials
131.00 IDR −5.00 (3.68%)today
1 Dec, 4:01 pm GMT+7 • Disclaimer
Open
136.00
High
136.00
Low
127.00
Mkt cap
1.40T
P/E ratio
-
Div yield
-
52-wk high
230.00
52-wk low
113.00

Stock

2 hours ago | Report Abuse

Is Kenanga Analyst clueless and still talking about capA divest its aviation group to AirAsia X in exchange of shares to be distributed back to its shareholders?

Source : KENANGA
Stock : CAPITALA Price Target : 0.84 | Price Call : HOLD
Last Price : 0.865 | Upside/Downside : -0.025 (2.89%)

CAPITALA’s 9MFY23 results disappointed as the rebound in air travel fell short of expectations. We share its optimism that the recovery in air travel will further accelerate moving into 2024. It is unveiling its PN17 regularisation plan by end-2023. We now forecast a net loss of RM33m (from a profit previously) in FY23F but keep our TP of RM0.84 and MARKET PERFORM call.

It reported a core net loss of RM291m in 9MFY23, against our full-year net profit forecast of RM201m and the full-year consensus net profit estimate of RM155m. The variance against our forecast came largely from the rebound in air travel falling short of expectations.

The key takeaways from the analysts briefing yesterday are as follows:
1. It is on track to announce PN17 regularisation plan by end Dec 2023 with completion expected by 2QCY24. We gathered that it plans to divest its aviation group to AirAsia X in exchange of shares to be distributed back to its shareholders.

Stock

3 hours ago | Report Abuse

The recent dividend:
Ann. Date
Ex Date
Type
Subject
Amount
View
24-Aug-2023 12-Sep-2023 DIVIDEND Second Interim Dividend RM 0.0170 Dividend Detail
28-Feb-2023 14-Mar-2023 DIVIDEND First Interim Dividend RM 0.0150 Dividend Detail
30-Aug-2022 27-Sep-2022 DIVIDEND Interim Dividend RM 0.0280 Dividend Detail

Stock

4 hours ago | Report Abuse

At least geary try to talk about intrinsic value but if you value the company by face then you need a lot of hope for good luck.


Posted by The_JQuestion > Dec 1, 2023 4:24 PM | Report Abuse
the face alone worth 2.0++ go cap A lets MOVE !

Stock

5 hours ago | Report Abuse

Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long term growth. However, that will not restrict declaration of dividend of more than 20%.

Stock

5 hours ago | Report Abuse

5."The final principle is 'hope for good luck.' That's the most important one."

Geary, if your principle is just hope for good luck then you are destined for failure.

LUCK is when Preparation meets Opportunity and Success is 99% hard work + 1% good luck

“Hope for the best and be prepared for the worst” is a quote by Maya Angelou. Lee Child said, “Hope for the best, plan for the worst”. Zig Ziglar said, “Expect the best prepare for the worst”. Why is it good to be prepared for the worst because, by preparing for the worst, you can reach your goals much more smoothly and you can put more of your energy in having positive attitude knowing that you have covered any eventualities and lessening the negative chatter in your head.

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6 hours ago | Report Abuse

I3lurker what is 515?

Stock

6 hours ago | Report Abuse

Move CEO wants travel brand recognition in post-AirAsia era
By Ram Anand / Bloomberg
01 Dec 2023, 11:02 am

Is Move CEO try to imply post-AirAsia era mean AA is dead and gone/burried for good?

Stock

6 hours ago | Report Abuse

Since I can claim my CNY flight ticket from company account, what airline do you think I will choose?

Posted by StartOfTheBull > Dec 1, 2023 2:48 PM | Report Abuse
Since AAX has exited from PN17 status, will Lee uses AirAsia to balik kampong for CNY this year?

Stock

6 hours ago | Report Abuse

Jayatiasa:
Planted area (ha) 69,589
FFB yield (MT/ha) budgeted for FY 2024:16.10
FFB budgeted production 69,589 X 16.10 = 1,120,382 MT.

Quarter end 30/9/2023 FFB production 359,740 MT
Average FFB local selling price: RM 740/MT.

Stock

6 hours ago | Report Abuse

You must be kidding if anyone believe what this super slander Mike-tikus word at all.

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7 hours ago | Report Abuse

All pure plantation stocks are very easy to predict their quarterly financial result.
What you need to do is monitor the monthly production report and monthly MPOB CPO market price to derive at quarterly revenue and estimate NP.

Stock

7 hours ago | Report Abuse

Most likely
Dividend announcement on 14/12/2023
Ex-date : 29/12/2023
Payment date: 17/1/2024

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7 hours ago | Report Abuse

As a PN17 company capA is facing difficulty to get loans and hence out of necessity an ingenious Finalising revenue bond, which expect to raise USD200 mil cash.

Pledging all the revenue from certain route as collateral (bank into a special account) for the Bond.

Stock

7 hours ago | Report Abuse

Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)
Example of intrinsic value is then the Sum of DCF expected cash flow from varies business streams/Divisions.

geary mind telling us what will be the free cash flow of ech division for you to derive at capA intrinsic value of:
Estimated: US$4B.!?

By the way where will capital A international get it profit and how much profit per year?

Repost:
Posted by Bruce_Wayne > Nov 1, 2023 11:17 PM | Report Abuse

However, Brand AA is a RM2 paid-up capital with zero revenue and Fleet Consolidated Pte Ltd is a newly incorporated company that has yet to file annual returns or financial statements (read also as no revenue).

So 2 shell companies with zero value shall have a 'indicative valuation' of US1 Billion when listed in Nasdaq?!!!

BTW Aetherium Acquisition is also a 2 man show company with non-clickable filings
( https://www.aetheriumcorp.com/public-filings )

---

Brand AA Sdn Bhd (previously AAD Data Sdn Bhd)

FYE 31-12-2022

Balance Sheet Items (RM)
Non-current assets __________________ 0.00
Current assets _________________________ 0.00
Current liabilities _____________________ 81,977.00
Share capital _________________________ 2.00
Reserves _______________________________ 0.00
Retained Earning ____________________ -81,979.00

Income Statement Items (RM Millions)
Revenue _______________________________ 0.00
Profit / (loss) before tax _____________ -46,971.00
Profit / (loss) after tax _______________ -46,971.00
---

Name:FLEET CONSOLIDATED PTE. LTD.
UEN:202313504D
Status: LIVE COMPANY
Address: 77 ROBINSON ROAD, #16-00, ROBINSON 77, SINGAPORE 068896
Industry : RENTING OF AIR TRANSPORT EQUIPMENT WITHOUT OPERATOR (EG AIRPLANES WITHOUT OPERATOR)

Annual Return: N.A
Annual General Meeting: N.A
Financial Statements Filed: N.A

"N.A" means that the company has not filed any AR with ACRA.

https://www.tis.bizfile.gov.sg/

Stock

7 hours ago | Report Abuse

Lease liabilities
The lease liabilities amounting to RM18.9 billion includes deferred aircraft leases of approximately RM2.4 billion. The lease liabilities are supported by ROU assets of RM11.9 billion.

The Group had completed the restructuring of a total of 160 aircraft leases up to the date of this report including the waiver of lease rentals in arrears, as well as reducing future lease rates with a corresponding longer lease term, where necessary, and return of aircraft.

By end 4Q23, expect a total of 187 aircraft to be reactivated by 4Q23, with 161 aircraft available for operation and capacity to reach 74% of pre-Covid level

What can you expect the balance (187-160)= 27 aircraft lease yet to be restructured?

Posted by paulthesotong > Dec 1, 2023 12:26 PM | Report Abuse
" anticipates all Lease Liabilities will be restructurerd by Dec 23, have be made significant progress with creditors

Stock

9 hours ago | Report Abuse

CapA survive on borrowing and how long can this go on?

Borrowings
As at
30/9/2023
RM million
As at
31/12/2022
RM million
Short term
Term loans 464.8 233.6
Revolving credit 16.0 31.8
Convertible loan note 281.8 265.6
762.6 531.0

Long term
Term loans 1,725.0 1,302.4
Other facility 573.9 447.8
RCUIDS 708.6 655.5
3,007.5 2,405.7
Total 3,770.1 2,936.7

The currency profile of borrowings are as follows:
As at
30/9/2023
RM million
As at
31/12/2022
RM million
Ringgit Malaysia 945.1 901.8
US Dollar 1,940.8 1,735.1
Philippine Peso 83.3 83.1
Thai Baht 758.4 172.8
Indonesian Rupiah 42.5 43.9
3,770.1 2,936.7

Stock

10 hours ago | Report Abuse

geary am I right to ask:

Can capA not default on payment obligation of current liabilities: RM 14,599,870,000?

Is capA an insolvent company with Net current liabilities: RM (12,527,863,000)?

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Stock

10 hours ago | Report Abuse

Know where Capital A International going to get the profit from?

Stock

10 hours ago | Report Abuse

To further drawdown USD78 mil from a loan approved
by a regional bank

Finalising revenue bond, which expect to raise USD200
mil cash

Exploring financing opportunities for Indonesia AirAsia
and Philippine AirAsia

Stock

10 hours ago | Report Abuse

So anyone still believe CapA can submit the PN17 regularisation plan on or before 31 Dec 2023?

Will capA request another extension?

And when will Bursa SC say enough is enough and proceed to suspend and delist capA?

Stock

12 hours ago | Report Abuse

Repost:
Under MFRS 16:

(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;

(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.
01/12/2023 7:49 AM

Stock

12 hours ago | Report Abuse

Another accounting gimmicks from capA/Stony:
EBITDA of RM448 million
To date the Group has generated over RM1 billion in cash flow from its operations.

Stock

12 hours ago | Report Abuse

CapA is unable to pay plane leasing charges = interest + depreciation but needed to defer aircraft leases of approximately RM2.4 billion.

So in future interest +++ interest how to exist in current form, somthing need to give way.

Lease liabilities
The lease liabilities amounting to RM18.9 billion includes deferred aircraft leases of
approximately RM2.4 billion. The lease liabilities are supported by ROU assets of RM11.9
billion.

The Group had completed the restructuring of a total of 160 aircraft leases up to the date of
this report including the waiver of lease rentals in arrears, as well as reducing future lease
rates with a corresponding longer lease term, where necessary, and return of aircraft.

Stock

13 hours ago | Report Abuse

CapA even go to the extreme of making it EBITDA look good.
Under MFRS 16:

(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;

(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

Stock

13 hours ago | Report Abuse

A tribute to the late Charlie Munger wise advise:🙏
"I think you would understand any presentation using the word EBITDA (earnings before interest, taxes, depreciation, and amortization) if every time you saw that word, you just substituted the phrase 'bullshit earnings'."

StartOfTheBull Earnings before interest, taxes, depreciation, and amortization RM447,987,000, increased more than 6 folds compared to same quarter of previous year.
Net cash increased by RM87,852,000.
Good 👍 quarter.
30/11/2023 9:41 PM

Stock

13 hours ago | Report Abuse

Will CPECC subjected to below increase tax?

Vietnam to raise tax rate for multinationals from 2024

LIEN HOANG, Nikkei staff writer
November 29, 2023 14:16 JST
HO CHI MINH CITY -- Vietnam's parliament approved a top-up tax for multinational corporations on Wednesday, setting the effective corporate tax minimum at 15% starting in January.

Stock

1 day ago | Report Abuse

Is Mabel out of mind to think many Bollywood Team will come to Malaysia to enjoy our delicious foods just because our foods cook with palm oil?

Stock

1 day ago | Report Abuse

Additionally, Capital A said it is in the last stretch of finalising the PN17 regularisation plan, as it aims for a full submission to Bursa Malaysia in the near future.

So define near future? Is it on or before the aprrove extension deadline of 31 Dec 2023?

Can capA not default on payment obligation of current liabilities: RM 14,599,870,000?

Is capA an insolvent company with Net current liabilities: RM (12,527,863,000)?

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Stock

1 day ago | Report Abuse

As at 31/3/2023 Capital A
Current assets: RM 1,978,599,000
Current liabilities: RM 10,503,495,000
Net current liabilities: RM (8,524,896,000)
Shareholders’ equity RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity: RM (9,376,200,000)

As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)
Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Q2 and Q3 aviation loss making.
As at 30/6/2023
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents
Average fuel price USD 104 per barrel

As at 30/9/2023
Revenue/ASK: Q3 USD 4.35 cents cumulative 9 months USD 4.27 cents
Cost/ASK: Q3 USD 5.04 cents cumulative 9 months USD 4.82 cents
Cost/ASK ex fuel: Q3 USD 3.07 cents cumulative 9 months USD 2.97 cents
Average fuel price USD 131 per barrel

Question with 89% load factor cspA aviation is lose making. What gone wrong with capA when SIA/many others airline make record profit but AA still lose making?

So now you still believe Stony/capA can submit PN17 regularisation plan before or on 31/12/2023?

Stock

1 day ago | Report Abuse

80gram load factor at 89% and still lose money?
30/11/2023 2:52 PM

Yes capA lose money with 89% load

Stock

1 day ago | Report Abuse

Variation of results against preceding quarter
The Group recorded a positive EBITDA of RM448.0 million for the quarter under review,
against the EBITDA of RM461.9 million in the preceding quarter ended 30 June 2023. The
Group recorded a net loss of RM468.7 million for the quarter under review, against the net
profit of RM929.4 million in the immediately preceding quarter mainly due to the gain from
consolidating AAV in June 2023 of RM 1,369.3 million.

Stock

1 day ago | Report Abuse

Date
Type
Units
Price
08-Sep-2023 Private Placement 80,014,700 0.180
PP 80,014,700 x0.18= RM 14,402,646

So without the PP what will be Cash & Cash Equivalent at end of the period?

Stock

1 day ago | Report Abuse

How will market react if Q3 is another loss quarter?

Stock

1 day ago | Report Abuse

Everyone know Jaks Q4 will has big loss from impairment of goodwill and receivables except Mike-tikus still promoting Jaks with his half past Six FA and TA.

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1 day ago | Report Abuse

Next year PP or RI will be at what price?
Plenty of chance to collect cheaper than 19 cents, just do nothing and wait meanwhile let Mike-tikus do all the hard work.

Posted by BringMeFly > Nov 29, 2023 10:05 PM | Report Abuse
Those negative news had been reflected in the shares price. Price from 70sen to 20sen now. Jaks still got chance

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1 day ago | Report Abuse

Last day for trading gain/loss before Q3 result out.

Stock

1 day ago | Report Abuse

So next year another PP or RI?

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2 days ago | Report Abuse

including charges for: – Repayment of the principal and interest of the debt used to construct the facility.

If this is true then why BOD at AGM give the below reason?
The declined in share of profit in Q1FYE2023 was due to increase in interest expenses.

Stock

2 days ago | Report Abuse

Batik Air launches new Dubai-Kuala Lumpur route, boosting connectivity
George Diamantopoulos
27.11.2023
SEPANG – Unlocking a world of opportunities for business and leisure travellers between the Middle East and Malaysia, Batik Air unveiled the launch of its new route between Dubai and Kuala Lumpur.

These direct flights signify Batik Air’s commitment to extending its global network and fostering easier access between the two vibrant destinations, marking a significant achievement in expanding the connectivity to the Middle East region following the successful launch of its Jeddah, Saudi Arabia route on 15 August 2023.

Stock

2 days ago | Report Abuse

What will happen to ALP pledged securities Jaks-WB?

LARGEST WARRANT B HOLDERS AS AT 24 MARCH 2023
No. of
Names Warrant B (%)
1. Chong Kok Foo 22,464,833 13.10

2. Kenanga Nominees (Tempatan) Sdn Bhd 20,835,842 12.15
Pledged Securities Account for Ang Lam Poah

3. HLB Nominees (Tempatan) Sdn Bhd 10,165,749 5.93
Pledged Securities Account for Loo Kee Seng

4. Public Nominees (Tempatan) Sdn Bhd 8,770,850 5.11
Pledged Securities Account for Ang Lam Poah

5. Phillip Nominees (Tempatan) Sdn Bhd 7,775,240 4.53
Pledged Securities Account for Ang Lam Poah

6. Affin Hwang Nominees (Tempatan) Sdn Bhd 5,641,790 3.29
Pledged Securities Account for Ang Lam Poah

7. Original Invention Sdn Bhd 5,215,100 3.04

8. Er Soon Puay 3,700,500 2.16

9. Koh Seng Poh 3,454,011 2.01

10. Ch’ng Kim Soon 2,479,400 1.45

11. Wilfred Koh Seng Han 2,395,522 1.40

12. Maybank Nominees (Tempatan) Sdn Bhd 2,351,536 1.37
Pledged Securities Account for Ang Lam Poah

Stock

2 days ago | Report Abuse

Know how many low cost airlines are now compete directly with AA for the market share?

Stock

2 days ago | Report Abuse

Insas hold abt 9.96% Omesti.
Omesti hold about 36.42% Microline.
Dato' Sri Thong kok khee is Omesti DEPUTY CHAIRMAN/NON-INDEPENDENT NON-EXECUTIVE DIRECTOR

Insas holding of Omesti as one of the many Financial assets at fair value through profit or loss mark to market as at 30 Sept 2023 worth RM 228,481,000

Stock

2 days ago | Report Abuse

Just plain simple will businessman give you discount if their products are selling like hotcakes?

Posted by geary > Nov 29, 2023 7:34 AM | Report Abuse

Happy Birthday! AirAsia!
SEPANG, 28 November 2023-
AirAsia is celebrating 22 years of connecting people with affordable fares to an extensive network with 22% discounts* for all seats on all flights starting today until 3 December 2023.

Enjoy 22% discounts for all seats on all flights to amazing destinations such as Penang, Bali, Krabi, Phu Quoc, Shanghai, Amritsar, New Delhi, Busan, Gold Coast, Trivandrum (starting 21 February 2024) and other popular and new destinations.

Stock

2 days ago | Report Abuse

FA foretell Q4 will be loss making quarter due to impairment loss on goodwill and receivables.

Stock

2 days ago | Report Abuse

CapA is trying hard to borrow more money or raise cash for working capital and refinancing debts/current lease liabilities and maintenance that is due.

You must be joking about capA capability of paying dividend for the next 10-15 year.

https://www.channelnewsasia.com/business/airasia-parent-plans-raise-more-1-billion-debt-equity-ft-3871336
25 Oct 2023 02:28 PM: Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday

https://www.thestar.com.my/business/business-news/2023/10/13/airasia-seeks-us400mil-loan
Friday, 13 Oct 2023: KUALA LUMPUR: Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a US$400mil loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.

https://www.thestar.com.my/business/business-news/2023/10/03/airasia-secures-five-year-term-loan-facility-of-up-to-us150mil
Tuesday, 03 Oct 20236:46 PM MYT
KUALA LUMPUR: AirAsia Bhd has accepted a five-year term loan of up to US$150 million (RM705 million) from a financial institution.

In a filing with Bursa Malaysia today, Capital A Bhd, the parent company of AirAsia, said the airline will use the loan for working capital requirements and fund aircrafts and engine maintenance costs.

"The term loan was secured by, inter-alia, a corporate guarantee from Capital A, which shall remain throughout the term of the term loan,” it said.

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2 days ago | Report Abuse

Mikecyc Haha no worries… FA is improving since 2021 ….
29/11/2023 9:56 AM

Now you know what I mean Half past Six FA.
What is the FA trend 9 months end 30 Sept from 2021 to 2023?

Date Financial Result Financial Ratio Per Share Item Performance
Quarter
Revenue
PBT
NP
NP to SH
ROE
EPS
NAPS
QoQ
YoY
Financial Year: 31-Dec-2023
30-Sep-2023 9,984 2,203 2,178 7,147 0.49% 0.33 0.6800 -62.60% -64.87%
30-Jun-2023 3,312 14,511 14,436 19,111 1.37% 0.90 0.6600 35.76% 25.19%
31-Mar-2023 14,160 9,040 8,986 14,077 0.99% 0.67 0.6800 533.81% -33.39%
Financial Year: 31-Dec-2022
31-Dec-2022 45,850 -5,604 -5,997 -3,245 -0.23% -0.16 0.6800 -115.95% 88.63%
30-Sep-2022 16,380 15,789 15,652 20,343 1.46% 1.00 0.6800 33.27% -36.13%
30-Jun-2022 9,719 10,489 10,444 15,265 1.12% 0.75 0.6700 -27.77% -47.01%
31-Mar-2022 17,845 16,462 16,140 21,135 1.54% 1.03 0.6700 174.04% 7.03%
Financial Year: 31-Dec-2021
31-Dec-2021 20,061 -36,233 -36,287 -28,544 -2.27% -1.50 0.6600 -189.61% 72.34%
30-Sep-2021 30,555 27,466 27,399 31,852 2.56% 1.72 0.6700 10.58% 19.09%
30-Jun-2021 41,591 23,939 23,930 28,805 2.41% 1.64 0.6800 45.87% 1,230.49%
31-Mar-2021 17,454 15,294 14,879 19,747 1.70% 1.13 0.6600 119.14% 417.53%

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2 days ago | Report Abuse

Chemical market overcapacity and weakening demand: a perfect storm
Following several years of significant investment in production capacity in China, a perfect storm is hitting the chemicals market, as increased global capacity meets weakening demand. The global oversupply of petrochemicals is expected to hit a record 218m tonnes in 20231 and China is continuing to add capacity, with almost 140m tonnes expected to come onstream in 2023, well in excess of previous years.

Against the backdrop of a worsening macroeconomic outlook and a strong US dollar, chemical market participants are having to contend with an unprecedented level of uncertainty within the industry.

Stock

2 days ago | Report Abuse

We CARE so we SHARE the truth and nothing but the truth.
Those with vested interest only care for themselve and no others.

Posted by The_JQuestion > Nov 28, 2023 11:12 PM | Report Abuse
cannot compare to old and retired man like mr lee and lurker... they r here for fun and bored
they dont care about others...