Shouldn't "Is airasia very safe" be a question rather than an answer?

By the way am I right to say Mike-tikus is low IQ when what he can come out is gibberish?

Subsidy can never be good.
People need to learn there is No Such Thing as a Free Lunch

The first time you give somebody something for free you create appreciation.
The second time you give the same person something for free you create anticipation.
The third time- expectation.
The fourth time- entitlement
The fifth time- dependency.
When you don't give it again , it can often lead to resentment that overnight grows into hatred.
Be charitable but be wise.

Found below on BURSA website:

CAPITAL A BERHAD

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description CAPITAL A BERHAD ("THE COMPANY")

MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Reference is made to the Company’s announcements dated 8 July 2020, 27 May 2021, 7 January 2022, 13 January 2022, 14 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022,1 September 2022, 3 October 2022, 1 November 2022, 4 November 2022, 29 November 2022, 1 December 2022 and 21 December 2022, 3 January 2023, 2 February 2023, 27 February 2023, 1 March 2023, 4 April 2023, 2 May 2023, 1 June 2023, 15 June 2023, 30 June 2023, 3 July 2023, 27 July 2023, 1 August 2023, 1 September 2023, 2 October 2023, 5 October 2023, 1 November 2023, 1 December 2023, 22 December 2023, 2 January 2024, 19 January 2024, 2 February 2024, 1 March 2024, 1 April 2024, 2 May 2024, 4 June 2024 and 28 June 2024 (“Announcements”).

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.

As announced on 28 June 2024, the Company has submitted an application to Bursa Securities for an extension of time until 31 August 2024 for the Company to submit its regularisation plan to Bursa Securities. The application for extension of time is pending Bursa Securities’ decision and the Company shall make the necessary announcement(s) regarding the development thereof accordingly.

This announcement is dated 2 July 2024.

Sorry accidently deleted.
Repost

TheBull must be joking for asking a thinking question to low IQ Mike-tikus.

He can't even read financial report so how can he answer you whether different or same set of financial reports?

As for you can you different whether my figure and fact is from Capital A financial reports available on Bursa website or not?

Is Anwar serious in talking about and understand the meaning of balancing meritocracy with the principle of justice as fairness?

No one will object if you give an everage students from ill equip and poor rural school into a well equip with best teacher and prepared them to take a unify univetsity entry exam (STPM or A level). But to give a 90% quoto with a lower university enter exam and then proudly announce to the whole world we already abolish quoto sysyem with meritrocracy system for university intake is institutionalisation of cheating.

Anwar, in a Facebook post today, said in a country which implements a system based on meritocracy, the government emphasised the importance of balancing meritocracy with the principle of justice as fairness, as expressed by Harvard scholar, John Rawls.

“This matter needs to be understood by some elite groups in the city, who talk loudly about meritocracy, but do not think whether it is fair to let students in Manik Urai or Kapit compete with students in Malay College Kuala Kangsar (MCKK) or Sekolah Menengah Jenis Kebangsaan Chung Ling, which are equipped with the best infrastructure.

He cautioned against implementing meritocracy without consideration for fairness, as the poor and marginalised will remain in such a state.

“This is ‘The Tyranny of Merit’ as argued by the American scholar, Michael Sandel,” he said.

Is Anwar serious in talking about and understand the meaning of balancing meritocracy with the principle of justice as fairness?

No one will object if you give an everage students from ill equip and poor rural school into a well equip with best teacher and prepared them to take a unify univetsity entry exam (STPM or A level). But to give a 90% quoto with a lower university enter exam and then proudly announce to the whole world we already abolish quoto sysyem with meritrocracy system for university intake is institutionalisation of cheating.

Anwar, in a Facebook post today, said in a country which implements a system based on meritocracy, the government emphasised the importance of balancing meritocracy with the principle of justice as fairness, as expressed by Harvard scholar, John Rawls.

“This matter needs to be understood by some elite groups in the city, who talk loudly about meritocracy, but do not think whether it is fair to let students in Manik Urai or Kapit compete with students in Malay College Kuala Kangsar (MCKK) or Sekolah Menengah Jenis Kebangsaan Chung Ling, which are equipped with the best infrastructure.

He cautioned against implementing meritocracy without consideration for fairness, as the poor and marginalised will remain in such a state.

“This is ‘The Tyranny of Merit’ as argued by the American scholar, Michael Sandel,” he said.

Zaid Ibrahim
@zaidibrahim
Anwar, stop being generous, just be fair

The announcement from PMX guarantees that non-bumiputras will have a place in matriculation courses if they have 10 As. How many non-bumi have 10 As? What about 9/ 8As or 7 As

I feel sorry, especially for the poorer Indians and Chinese families. Ninety per cent of the places in Matriculation are already reserved for Bumis. Their children have to get 10As to qualify. Why can't this government be more sensible and fair to non-Malays? Could you not give them more places?

Zaid Ibrahim
@zaidibrahim
Anwar, stop being generous, just be fair

The announcement from PMX guarantees that non-bumiputras will have a place in matriculation courses if they have 10 As. How many non-bumi have 10 As? What about 9/ 8As or 7 As

I feel sorry, especially for the poorer Indians and Chinese families. Ninety per cent of the places in Matriculation are already reserved for Bumis. Their children have to get 10As to qualify. Why can't this government be more sensible and fair to non-Malays? Could you not give them more places?

Is 700,000,000 out of 2,618,054,651 is considered as more than half already converted?

AS AT 30 june 2023
Issued Shares : 400,142,339 Ordinary Shares (“OS”) and 2,618,054,651 Redeemable Convertible Preference Shares (“RCPS”)
Class of Shares : OS (Listed Securities)
RCPS (Non-listed Securities)
Treasury shares : 32,500,800 treasury shares held by the Company
Voting Rights for OS : One vote per shareholder on a show of hands or one vote per OS on a poll
Voting Rights for RCPS : One vote per shareholder on a show of hands or one vote per RCPS on a poll at such class meeting of the RCPS. The RCPS holder has no right to vote at any general meeting of the ordinary shareholders except with regards to any proposal to reduce the capital of the Company, to dispose of the whole of the Company’s property, business and/or undertakings,to wind-up the Company and any time during the winding-up of the Company


Sslee Stock [KPPROP]: KERJAYA PROSPEK PROPERTY BERHAD
Announcement Date 22-Jan-2024
Reference No ALA-19012024-00014
Listing Date 23-Jan-2024
New type/class? No
Type Conversion of Preference Shares
Details Conversion of 700,000,000 Redeemable Convertible Preference Shares into 140,000,000 Ordinary Shares of the Company
No. of shares issued 140,000,000
Issue Price Malaysian Ringgit (MYR) 0.850
Par Value 0.000
Total NOSH 540,142,339

Good morning my friend Balian de Ibelin.
Long time no see, where have you been?

What meritocracy when matriculation programme was meant to be a backdoor to enter local university?

THE matriculation programme was meant to be a backdoor to help more Malay students get into university, said Prime Minister Dr Mahathir Mohamad.

“We decided to have matriculation because we found that Malays do not have a higher certificate and they could enter universities. So, we provided a backdoor for that.

“It was entirely meant to be a backdoor (entry) for Malays but now other people do much better but they cannot get into matriculation.

“It is simply because they did not do much better that we had to create matriculation for the Malays

Didn't all my figure and fact from the Capital A financial reports available on Bursa website?

Can the fortune teller pinpoint which of my figure and fact is not from the Capital A financial reports available on Bursa website?

Did KYY know of the billion of RCPS which need to be redeemed or can be converted to KPP share at 5 to 1 ratio?

Acquisition of subsidiaries
The Company had, on 9 August 2019, announced the following acquisitions and transactions that were approved by the shareholders in the Extraordinary General Meeting held on 23 December 2019:-
i) Acquisition of the entire equity interest in Aeon Frontier Sdn. Bhd. (“AFSB”) for a purchase consideration of RM33,473,902 (“AFSB Acquisition”) which was satisfied via the issuance of 196,905,307 shares in the Company (“Company Shares”) at an issue price of RM0.17 per Company share;

ii) Acquisition of the entire equity interest in Kerjaya Property Sdn. Bhd. (formerly known as Kerjaya Prospek Property Sdn. Bhd.) (“KPSB”) for a purchase consideration of RM367,590,902 (“KPSB Acquisition”) of which RM100,000,000 was satisfied via cash and RM267,590,902 which was
satisfied via the issuance of 1,574,064,127 redeemable convertible preference shares in the Company (“Company RCPS”) at an issue price of RM0.17 per Company RCPS;

iii) Acquisition of the entire equity interest inKerjaya Hotel Sdn.Bhd. (“KHSB”) for a purchase consideration of RM270,978,389 (“KHSB Acquisition”) which was satisfied via the issuance of 1,593,990,524
Company RCPS at an issue price of RM0.17 per Company RCPS;
(Collectively, i), ii) and iii) above are referred to as the“Acquisitions”)

I am just telling what are inside CapA financial result unlike others many fortune tellers telling a very bullish future unsupport by financial result and the competative nature of Low Cost airline that almost every SEA countries have their own national Low Cost airlines.

The AirAsia FREE* Seats campaign and Big Sale start today, 8 June 2024 at 12pm (GMT+8). All flights on sale are available for booking until 16 June 2024 only on airasia.com or the AirAsia MOVE app (formerly airasia Superapp) for travel from 2 September 2024 up until 8 October 2025.

Is above mega promotion to book in advance sales good or bad for AA' top line and bottom line?

By the way every airlines sell tickets in advance but how many airlines still needed borrowing/bond for working capital?

cash inflow of approximately USD125 million (approximately RM575 million) (Tranche 2) to finance working capital, maintenance cost and lease rentals

The Ponzi scam is just a hypothetical question in referring to a services business that take in billion in advance sales but still need billion in borrowing for working capital?
Isn't that mean the business is using the future money to provide services to current customers?
Or in other word if without future money/advance sales will the business survive?

What will you called a busness that sale ticket in many months ahead and use that advance sales money for working capital?
Is it sound similar to ponzi scam?

lessors converting outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)

Investors take up USD125 million (approximately RM575 million) (Tranche 2)

The bond will be secured against passenger seat sales from identified routes and shares in a subsidiary.

Is above mean banks are now lining up to lend money to capitalA???

I make some good profit from MMC SCR.
It was a roller coaster ride as some hidden hand press down price and shareholders were coerced into accepting the SCR at EGM.


The MMC shares had hit a low of RM1.63 on Sept 27 as some investors were spooked by rumours on social media platforms that the EGM may be delayed, according to a trader with a local brokerage.

MMC’s independent adviser Alliance Investment Bank Bhd on Sept 8 had stated the SCR offer price of RM2 a share was “not fair” but ‘reasonable’ and after estimating the fair value at between RM3.32 and RM3.41.

Alliance advised shareholders to accept on the grounds that MMC shares had not traded above the offer price for three years before the proposal was announced on June 3.

MMC’s earnings per share (EPS) and price to earnings ratio (PER) were also taken into consideration. For the financial year ended Dec 31, 2020, MMC’s EPS was 12 sen with a PER of 9.4968 times.

Under the SC’s rules, the value of the votes cast against the proposed SCR at the EGM must not be more than 10% of the votes held by the remaining shareholders.

Only voting shareholders will decide to accept or reject the SCR offer.
But do note many companies listed in Malaysia their share price is traded below the NAPS.
If SCR failed then Mr. Market will decide what will be the share price.

@raymondroy,
By the way from where you get the information that banks are lining up for financing????

A lot of current liabilities is rolled over to next year that is why the net current liabilities is now RM (12,923,931,000) as at 31/03/2024

31.12.2023: 31.12.2022: 1.1.2022
RM'000: RM'000: RM'000
Net current liabilities (12,669,239): (8,509,066): (6,754,176)

So if you are capitalA creditor do you feel save to be paid?
And what can you do to gurantee payment?

Page 40: Funding
The Group is currently engaging in discussion with lenders at different stages for debt and equity fundraising, with an estimated amount of RM3 billion. As at the date of this report, the Group has received commitment from investors for a Revenue Bond Program of up to USD365 million (equivalent to RM1.68 billion)

The Revenue Bond program entails the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1) and cash inflow of approximately USD125 million (approximately RM575 million) (Tranche 2) to finance working capital, maintenance cost and lease rentals. The revenue bond will be secured against passenger seat sales from identified routes and shares in a subsidiary. Tranche 1 of the Revenue Bond has a tenure of 2.5 years whereas Tranche 2 has tenure of 4 years. The bond is expected to be issued by mid of 2024.

Question 16: BOD what are the reasons aircraft lease companies/lessors demand for the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)?

Page 13: Going Concern Assessment;
Quote, “Critical to the going concern assessment are the Directors’ expectations of continuous support from the Group’s aircraft lessors” unquote

Question 17: BOD is the move by lessors for the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1) a sign of lessors losing their confidence in the Group ability to pay the outstanding lease payment?

The offer price reasonable or not is in comparision of price history to offer price.
The offer price is fair or not is in comparision with sum of parts or DCF valuation with offer price.

You can be assets heavy (sum of parts) but when come to cash flow it is a totally different ball game.

More planes delivered, more lease payment, more new route and more mega free seat promotion.
The important question: Will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

Referring below Q1 2023 presentation
Well positioned for growth with a total of 362 aircraft in order book to be delivered in the next 12 years. 73 aircraft have already been secured financing through Sales and Leaseback (SLB) arrangements with several lessors.

Question 18: BOD what is the latest status on the above?

By the way what is the quarter end 30/3/2024 load factor and what is the financial result?

@raymondroy,

Quarter end 31/03/2024
RM'000
Cash generated from operation: 835,037

Please look into cash flow from financial activities:
Proceeds from borrowings: 351,371
Repayment of borrowings:(58,914)
Repayment of lease liabilities:(726,424)
Net cash used in financial activities: (433,967)

So after paying the lease liabilities of RM 726,424,000 what will be the operation cash flow?

Note: 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

Will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

I manage to collect 30K Insas-WC at RM 0.255
Hope to get my free bintang beer and lobster again

Still waiting for the AGM minutes (key matters discussed) to be published at capA website to know whether the dumb questions will be answered with dumb answers.

31.12.2023: 31.12.2022: 1.1.2022
RM'000: RM'000: RM'000
Net current liabilities (12,669,239): (8,509,066): (6,754,176)

Net current liabilities of RM (12,923,931,000) as at 31/03/2024

My form 3 book keeping/accounting tell me if your net current liabilities keep growing it can only mean your business is in big trouble.

Mind telling me what is your accounting and financial analysis skills tell you about ever growing net current liabilities?

By the way will the operation cash flow for next 12 months enough to pay the current lease liabilities of RM 5,985,234,000 as at 31/03/2024?

He bought AirAsia from a Malaysian government-owned company for a token sum of RM 1 in 2001 and inherited a debt of RM 40 million.

How will he deal with a net current liabilities of RM (12,923,931,000) as at 31/03/2024?
Is disposal of capA aviation solved the net current liabilities problem?
How will AAX deal with it, if AAX take over capA aviation?
What will the the likelihood AAX default on the current liabilities?
What will happen to the BOD of AAX and capA if AAX default on the current liabilities?

Indeed "Ignorance Is Bliss"

By the way will buyback share same as already bought its share?

Know almost every companies listed in Bursa will table a standard resolution Proposed renewal of share buy-back in every AGM?

Sometime a joke/question is not mean to make you laugh but intended to make you think. So what have you been thinking about capitalA lately?

"Ignorance Is Bliss", "In knowing nothing, life is most delightful"

CapitalA
Quarter
Revenue
PBT
NP
NP to SH
EPS
NAPS
Financial Year: 31-Dec-2024
31-Mar-2024 5,241,398 -249,843 -244,279 -91,554 -2.20 -2.1100

If quarter end 31 March 2024 is a loss-making quarter what make you think the next quarter will be a profitable quarter?

Did Mabel know the submission of draft circular in relation to the Proposals (“Circular”) to Bursa Securities had been extended to untill 31 July 2024?


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY") (I) PROPOSED AAAGL DISPOSAL; (II) PROPOSED AAB DISPOSAL; AND (III) PROPOSED DISTRIBUTION (COLLECTIVELY, THE "PROPOSALS")
CAPITAL A BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY")

(I) PROPOSED AAAGL DISPOSAL;

(II) PROPOSED AAB DISPOSAL; AND

(III) PROPOSED DISTRIBUTION

(COLLECTIVELY, THE "PROPOSALS")
Reference is made to the Company’s announcement dated 25 April 2024.


On behalf of the Board of Directors of the Company, RHB Investment Bank Berhad wishes to announce that the Company had on 21 June 2024 submitted an application to Bursa Malaysia Securities Berhad (“Bursa Securities”) for an extension of time until 31 July 2024 for the Company to submit the draft circular in relation to the Proposals (“Circular”) to Bursa Securities.


This announcement is dated 21 June 2024.

The mind is borderless and timeless.
The mind can travel backward and it is called memory.
The mind also can travel forward and it is call imaginary or day dreaming.
You can live in the past or worrysome future. Or
You can live in the NOW, learn from the past and plan for the future.
I already sold or am selling or take profit on some of my holding to accumulate cash to plan for my next buying.

Lead by example. If TTB intention is empowering and championing retail investors than he should attend companies AGM that icapital hold share and ask the hard questions and hold the BOD, external auditor accountable, responsible and answerable.

Why buy ytl and not nvidia?

Why anyone wants to travel back in time?
Do you think you can change the world by travel back in time?
Life is a journey, just enjoy the ride!

Share price will have its up and down, so just enjoy the ride!

Repost from jaks forum
Posted by duatlai > Jun 15, 2024 4:57 PM | Report Abuse
Surprised to have educated people writing nonsense, !

Your advise noted with thanks.
I just try to lower down my IQ to talk to low IQ Mike-tikus.
From now on I will just let him talk to himself, kaki kong kaki song.
15/06/2024 6:31 PM

MSC should report a very good quarter end 30 June 2024. Will top up MSC before next quarter result announcement.

By the way Eagle77 has done a very good promotion SCIB forum

Posted by Eagle77 > Jun 22, 2024 5:09 PM | Report Abuse
SCIB commonly wins almost all the contracts for building and repairing schools in Sarawak ✅

https://www.thestar.com.my/business/insight/2024/06/22/data-centres---beware-of-the-pitfalls

Data centres – beware of the pitfalls
By PANKAJ C. KUMAR
INSIGHT
Saturday, 22 Jun 2024

Insas disposed another 500,000 inari shares on 19 june 2024.
Still holding 516,008,575 inari share.

Stock [INARI]: INARI AMERTRON BERHAD
Announcement Date 21-Jun-2024
Reference No CS2-18062024-00125
Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -
Date of Change Type Number of Shares
19-Jun-2024 Disposed 500,000
Registered Name Insas Plaza Sdn Bhd
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares Ordinary shares
Reason Disposal in the open market
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 516,008,575
Indirect (%) 13.70
Total (units) 516,008,575
Total (%) 13.70
Date of Notice 21-Jun-2024

No worries about leno, will leno' WC automative converted to Insas after Feb 2026?
Cheer!!!

Why give 28x FY27F P/E when Harta cannot grow its market share and hence the earning?

Know what is the PE for Public Bank now?

If China can sell at lower ASP to capture market share from emerging market then who is paying more to buy at higher ASP from Malaysia?

Is Malaysia gain or lose market share to China?

And why Harta deserved a TP of RM 4.10 28x FY27F P/E, slightly above its pre-COVID-19 5-year historical mean of 26x if it cannot grow its market share?

Still BUY. Post-earnings adjustment, we raise our TP to MYR4.10. Our DCF- derived TP implies 28x FY27F P/E, slightly above its pre-COVID-19 5-year historical mean of 26x. We like Hartalega due to its robust balance sheet, efficient operating model, and a key beneficiary of the recovery in medical glove sector. Key risks: Lower-than-expected sales volume, weaker-than- expected USD/MYR rate, and higher-than-expected raw material price.
Source: RHB Research - 23 May 2024