Upon completion of the Proposed Acquisitions AAX NOSH will increase from 447.07 million into 3,639.72 million. Total borrowings, debentures and lease liabilities as at 31 December 2023 of RM 24,492.69 million (gearing ratio of 42.60 times)

If AAX price keep going up do you think AAX able tp find investor/investors to take up the RM 1 billion PP?
And what will be AAX PP price?

Technically capA is an insolvent company and survive on taking in more debts/bonds and keep rolling over debts/lease liabilities/payables and etc.

As at 30/9/2024
CapA net current liabilities is RM (11,237,082,000)
Hope everyone know what current mean.

AAX did not come out with any money just take over AAGL by issuing AAX share to capA and AAB by take over debt owed by capA to AAB or in other word take over all the CapA Aviation net liabilities.
AAX then need RM 1 billion PP capital injection to stay afloat for another year.

If in FYE 2025 external auditor insist on impairment of goodwill then most likely AAX equity will fall into negative and send AAX into PN17.

Aiyoyo
When FPSO under contruction you record the asset as contract assets.
When FPSO delivered and hit first oil you tranferred the contract assets to Finance lease receivables.

Understand!!!

CapA is a LCC airlines or our Myvi where everyone can afford to at least owned one.

"Now Everyone Can Fly” is the tagline of AirAsia, a low-cost airline based in Kuala Lumpur, Malaysia

Can everyone afford a "Ferrari"?

30 September 2024: 30 June 2024
USD/MYR
Average rate 4.4566: 4.7323
Closing rate 4.1065: 4.7205

Quarter ended 30 Sep 2024
Foreign exchange gain/ (loss)
Realized: RM 74,800 000
Unrealized: RM 2,195,000,000

So if 30/12/2024 USD/MYR ended at 4.50 what will be the Foreign exchange loss?

John-no ball please work harder to press down the price so that I can collect at cheaper price.
My many thanks in advance.

Know what just this two stocks insas and jayatiasa already eraned me million this year. While somone still trapped high in jaks

CapA capital reduction is just an accounting adjustment of share capital. It did not involved share consolidation. After all most of aviation billions in net liabilities will be transfered to AAX

Unlike AAX debts restructure (0.1 sen for every ringgit owed), capital reduction, share consolidation (10 to 1) and PP

Know how much yearly insas share of profit from Inari, quaterly dividend from Inari and on and off gain on disposal of inari.

First time I see you can add share of profit + dividend and get a total profit🤣🤣🤣

Untill now he still can't understand share of profit is just paper profit and did not contribute to cash inflow LOL.

If you insist to invest in Jaks then come back in year 2030.

Will start collecting again if fall below 1.20
John-no ball need to work harder to push down the price
Many thanks in advance.

CPO at RM 4500 per MT is a very good price.

Repost:
Quarter end 30/9/2024 with CPO ASP of RM 3935 and PK RM 2452 the Oil Palm Reveue : RM 253,417,00 and EBITDA RM 147,470,000
That is a very good earning margin.

Based on
Oct ASP CPO 4146 PK 2773
Nov ASP CPO 4739 PK 3590
Revenue
Oct (23,013X4146 + 5192X 2773) RM 109,694,249
Nov (19,896X4739 + 4330X 3590) RM 109,831,844
Dec

Note:
30/09/2024 30/06/2024
RM'000 RM'000
Current Assets
Inventories 106,615 : 48,662

So next quarter if Jayatiasa managed to sell its inventories then the result will be a record breaking quarter Revenue, EBITDA and PBT.

Repost:
Cash and Cash Equivalents
Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts.
Current Year Preceding Year
9 Months 9 Months
ended ended
30-Sep-2024 30-Sep-2023
RM'000 RM'000

Deposits placed with licensed banks 12,079 34,404
Cash & bank balances 23,818 36,808
Bank overdrafts (5,891) (5,963)
30,006 65,249
Less : Deposit held as security values (12,079) (34,404)
Bank balance held as security values (5,585) (214)
Debt service reserves account (8,364) (11,240)
3,978 19,391


Jaks only balance available cash as at 30-Sept 2024 RM 3,978,000
Enough to pay salarly for the next 3 months or not?

Many other airlines already fully recovered and make a lot of money the last 2 years.

Only capA still suffered from long covid and unable to make any money from flying people. Either Stony do not know how to make money flying people or the lessors are squeezing Stony ball for what its worth.

Jayatiasa Plantation
- Simalau Plantation 5,003 4,866 3,846 1,020
- Hariyama Plantation 10,600 9,645 9,645
- Wealth Houses Plantation 6,000 5,757 5,757
- Lepah Plantation 5,149 4,099 4,099
- Daro Plantation 11,681 9,841 9,841
- Eastern Eden Plantation 10,000 8,580 8,580
- Poh Zhen Plantation 5,000 2,933 2,933
- Sawai Plantation 6,050 5,448 5,448
- Lassa Plantation 21,300 16,287 16,287
- Kabang Plantation 2,700 2,133 2,133
- Total 83,483 69,589 68,569 1,020

The related parties are:
(i) Rejang Height Sdn Bhd (Licensee of land at Lepah & Daro Jaya); and
(ii) R.H. Forest Corporation Sdn Bhd (Licensee of land at Sawai, Lassa & Kabang).
Total rental payment for FY2024:
(i) Rejang Height Sdn Bhd – RM2,830,891.20
(ii) R.H. Forest Corporation Sdn Bhd – RM6,688,899.60

The land rental paid is for the use of land belonging
to Rejang Height Sdn Bhd at Lepah & Daro Jaya and
that belonging to R.H. Forest Corporation Sdn Bhd
at Sawai, Lassa & Kabang for the development of
our oil palm plantations.
Plantation Land Area (Ha)
1 Lepah 5,149
2 Daro Jaya 11,681
3 Sawai 6,050
4 Lassa 21,300
5 Kabang 2,700
Total: 46,880

Repost:
All Indonesia biodiesel producers already got their monthly production quoto they need to deliver to Pertamina for 2025.

The only problem is if CPO price premium against diesel widen then most likely Indonesia government will run out of money to subsidize biodiesel by 3rd or 4th quarter 2025.

Repost:
Nov 28, 2024 6:35 AM | Report Abuse

Biodiesel is a loss making business. Indonesia governmemt used palm oil export lavy and duty to support biodiesel.

Indonesia government B40 is to take up excess palm oil from market to support price. So please forget about B100 or palm oil at RM 8000.

If market is short of palm oil, Indonesia government as a responsible government should and will reduce the biodiesel blending mandate

KUALA LUMPUR (Dec 23): The Energy Commission (EC) was to inform winners of the fifth large scale solar bidding round (LSS5) beginning Monday, following nine months of deliberation since it was opened in April this year.

In a statement, the EC said the bids have already been reviewed for the projects totalling 2,000 megawatt (MW), which are slated for commercial operations in stages in 2026 and 2027.

However, unlike past practices, the commission did not reveal the list of winners in the statement, nor the range of the winning bids.

KUALA LUMPUR (Dec 23): The Energy Commission (EC) was to inform winners of the fifth large scale solar bidding round (LSS5) beginning Monday, following nine months of deliberation since it was opened in April this year.

In a statement, the EC said the bids have already been reviewed for the projects totalling 2,000 megawatt (MW), which are slated for commercial operations in stages in 2026 and 2027.

However, unlike past practices, the commission did not reveal the list of winners in the statement, nor the range of the winning bids.

Capital reduction do not strengthen capA balance sheet. The disposal of debts laden AAAGL and AAB to AAX did the job of strengthen capA balance sheet.

But then again can AAX survive with the heavy debts and impairment of goodwill in year to come? If not then AAX will fall into PN17.

Already lost count how many times Stony promised by when capitalA will be out of PN17.
Hope this time will he fulfill his promise?

Capital A to exit PN17 status by 1Q2025, says CEO

At his age KYY is an easy target for scam job. After wasted so much money on stocks set up by insiders/pump and dump syndicate KYY is now a pale shadow of his former self.

He should has quit investment or recommend any stock as nowadays many taken it as when KYY ask you to buy, his only intention is trying to sell high his holding to you

Repost:
Quarter end 30/9/2024 with CPO ASP of RM 3935 and PK RM 2452 the Oil Palm Reveue : RM 253,417,00 and EBITDA RM 147,470,000
That is a very good earning margin.

So next quarter if Jayatiasa managed to sell its inventories then the result will be a record breaking quarter Revenue, EBITDA and PBT.

Quarter ended 30 Sept 2024
CPO: 69,463.00 MT
PK : 15,878.00 MT
CPO ASP: RM 3935
PK ASP: RM 2452

Segmental Information
The financial information in respect of the Group’s business segments for the current financial
period ended 30 September 2024 is as follows:
Oil Palm Timber Others Elimination Total
RM'000 RM'000 RM'000 RM'000 RM'000
REVENUE
External 253,417 17,863 378 - 271,658
Inter segment 226,673 38,592 601 (265,866) -
Total Revenue 480,090 56,455 979 (265,866) 271,658
EBITDA 147,470 501 (1,444) - 146,527
Finance cost (837) (2,095) (20) - (2,952)
Depreciation and
amortisation (31,508) (2,329) (489) -
(34,326)
Segmental result 115,125 (3,923) (1,953) - 109,249
Group admin and
overhead cost (7,898)
Profit before tax 101,351

30/09/2024 30/06/2024
RM'000 RM'000
Current Assets
Inventories 106,615 48,662

All Indonesia biodiesel producers already got their monthly production quoto they need to deliver to Pertamina for 2025.

The only problem is if CPO price premium against diesel widen then most likely Indonesia government will run out of money to subsidize biodiesl by 3rd or 4th quarter 2025.

The fair price of CPO should be around RM 4000.

Mike-tikus aka John-no ball is attention seeker and habitual liar.
Have no friend, no family, no job, no money, no skill, trappend high in jaks and everyday lepak in i3 to cari gaduh with people.

Me already said what I need to say and will leave Mike-tikus aka John-no ball to lepak in i3.

Indeed a conman still wants to twist and turn impairment of trade receivables, other receivables and contract assets as Net Loss on impairment of financial instruments:

Or is he can't even different between financial instruments and trade receivables, other receivables, contract assets?

Jaks
1.2.2. Trade receivables, other receivables and contract assets
Refer to note 13,14 and 15 of the financial statements, impairment of trade receivables, other receivables and contract assets amounted to RM 8.7 million, RM 27.6 and RM 4.3 million respectively for the current financial year.
The impairment computation is based on expected credit loss model in accordance to MFRS139. We taken into account the management's plan and action taken to recover the trade receivables, other receivables and contract assets at the date of the report. However, based on the accounting standard, accounting policy (refer to note 2(c) to the financial statements), computation and objective evidence, the above impairment is recognised to the current year P&L). If subsequently the trade receivables, other receivables and contract assets being recovered, the impairment amount will be reversed

Total receivables impairment for the last 5 years amounted to RM 167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM 153.5 million. For the written-off of receivables please refer to reply 1.1. For the basis of trade receivables impairment please refer to 1.2 and 1.2.2. All the material related party transactions are disclosed in note 35 (b) to the financial statement. During our course of audit, we are not aware of other related party transactions

MSWG and Bursa SC need to step in to hold BOD responsible, accountable and answerable on impairment of goodwill, receivables, contract assets and etc or else more public listed companies BOD will used MFRS accounting standard to whitewashed fraud, malpractice, impropriety, misconduct, incompetent and etc with impunity.

Caught with pants down and still so thick skin.

Did jayatiasa suffered below impairment FY2024?

2.) FY24 : Impairment of Total RM 151.2 million!😱🤔

Everyone know impairments are not the same as depreciation or amortization or fair value change.

Only one dumbass @ conman still insist on his misinformation

jjohnchew Hoho Jtiasa :
1.) Total Assets is reduced:
2019 : RM 2406 million
2023 : RM 1955 million ( - 451 million )
2024 : RM 1979 million ( + 24 million )
👉👉Is reduced by RM 427 million from 2019 to 2024 , ie : over 5 years .

2.) FY24 : Impairment of Total RM 151.2 million!😱🤔

👉👉👉QR September 2024 : RM 1969.6 million
23/12/2024 9:50 AM

By the way coming quarter4, jaks will impair how many millions on receivables and contract assets?

Jaks
So far Profit from 30% associate Joint Venture Vietnam Power Plant 1200 MW company from October 2016 to September 2024 :
> 400 million + 597 million = RM 997 million + 36.29 = RM 1033.3 million 👍

Jaya Tiasa
2.) FY24 : Impairment of Total RM 151.2 million!😱🤔
Above is typical misinformation by a conman.

Jayatiasa
2024 2023
RM’000 RM’000
Depreciation of property, plant and equipment 138,284 134,593
Net change in fair value of biological assets 33,120 10,443

2024
RM’000
2023
RM’000
2022
RM’000
2021
RM’000
2020
RM’000
Equity Attributable to Equity Holders 1,472,781 1,379,011 1,270,930 1,140,200 1,109,847
Net Assets Per Share Attributable to Equity Holders (RM) 1.52 1.42 1.31 1.18 1.15

Only dumbass talk about total assets without the total liabilities.
Know what is net assets/Equity Attributable to Equity Holders?

Know what is capitalA total assets and it net assets/liabilities?

No wonder someone trapped high at jaks and had been promoting jaks non stop for more than a year and half now to no avail.

By the way Jaks Vietnam JV Power Plant 1200 MW EPCC RM 8.7 billion is COD on January 2021.

After 25 years the value of Vietnam JV Power Plant is ZERO. Everything return to Vietnam.

While the ytlpower plant in Singapore can teardown the old plant and build a new plant.

Replanting over 20 years. Jayatiasa depreciation alone every year abt 130+ million, more than enough cash flow for replanting and paying good dividend to shareholders.

2024 2023
RM’000 RM’000
Net cash flows from operating activities 361,358 297,188

Jaks apa dividend pun tak ada. Yang ada tiap tiap tahun mimta duit dari investors and shareholders melalui PP atau RI🤣🤣🤣

Yes Jaks is a very good buy/goodbye, you should buy more.
By the way how is jaks MNH RM 250 million medium-term note (MTN)?
Any takers and what will be the interest rate of MTN?

I sold most of my Insas and bought into Jayatiasa because jayatiasa is now in net cash position and will have more FCC to reward shareholders with better dividend.

For Jayatiasa beside PBT and PAT you need to look into EBITDA and cash flow.

Quarter ended 30/9/2024
Oil palm
Revenue: RM 253,417,000
EBITDA: RM 147,470,000

30/09/2024 30/06/2024
RM'000 RM'000
Current Assets
Inventories 106,615 48,662

Currently substantial shareholders Genine is selling and once the selling is over the price should go higher.

Substantial Shareholder's Particular:
Name GENINE CHAIN LIMITED
Details of Changes:
Currency -
Date of Change Type Number of Shares
16-Dec-2024 Disposed 2,000,000
Registered Name Genine Chain Limited
Nature of Interest Direct Interest

Nature of Interest Direct Interest
Shares Ordinary Shares
Reason Disposal through open market
Total no of securities after change
Direct (units) 58,146,264
Direct (%) 6.01
Indirect (units) 0
Indirect (%) 0.00
Total (units) 58,146,264
Total (%) 6.01
Date of Notice 17-Dec-2024

The last time because of market meltdown due to covid-19 lockdown.
This time round will be Thong and PAC last chance to increase their holding from 32.96% to over 50%.

Any thing below 90 sen, I will collect more.

Quarter ended 30 Sept 2024
CPO: 69,463.00 MT
PK : 15,878.00 MT
CPO ASP: RM 3935
PK ASP: RM 2452

Segmental Information
The financial information in respect of the Group’s business segments for the current financial
period ended 30 September 2024 is as follows:
Oil Palm Timber Others Elimination Total
RM'000 RM'000 RM'000 RM'000 RM'000
REVENUE
External 253,417 17,863 378 - 271,658
Inter segment 226,673 38,592 601 (265,866) -
Total Revenue 480,090 56,455 979 (265,866) 271,658
EBITDA 147,470 501 (1,444) - 146,527
Finance cost (837) (2,095) (20) - (2,952)
Depreciation and
amortisation (31,508) (2,329) (489) -
(34,326)
Segmental result 115,125 (3,923) (1,953) - 109,249
Group admin and
overhead cost (7,898)
Profit before tax 101,351

30/09/2024 30/06/2024
RM'000 RM'000
Current Assets
Inventories 106,615 48,662

By mid Jan 2025 when jayatiasa published the quarterly production figures, any average IQ person should know how to work out the quarter ended 31/12/2024 estimate revenue and PBT

Q3 is the weakest quarter. Looking forward to see what will it be on Q4.

Below expectations. Capital A Berhad (Capital A) reported a 3QFY24 core LATAMI of -RM545.7m, bringing cumulative 9MFY24 core losses to -RM324.7m after excluding forex gains and one-off items. This fell below our and consensus expectations, which had anticipated a full-year profit, primarily due to higher-than-expected operating expenses (opex) and weaker contributions from non-aviation entities.

Watch out this date

INSAS BERHAD - WARRANTS 2021/2026 MAIN : Finance
Type: Warrants
Listing Date: Mar 05, 2021
Maturity Date: Feb 28, 2026
Issue Size: 331,510,380
Exercise Price: MYR 0.90
Ratio: 1:1

The only question now is who will be the AAX PP investor/investors that ready to invest RM 1 billion into AAX?

Noting to shout about when Stony is arm-twisting AAX to take over the debts laden capA' aviation so that capA can exit PN17.

Neither optimist nor pessimist would help you to make full use of what life has to offer.

Be pragmatist and seek truth from facts

A joke to cheer your day. 😂

Tan Sri Tony, the founder of AirAsia, arrives in Kuala Lumpur. He enters a nasi lemak shop and orders a nasi lemak.

The waiter nods and says, "That'll be 10 cents, Tan Sri."

Surprised, Tony replies, "Wow, that's cheap!" and hands over the Ringgit.

The bartender smiles and says, "We aim to beat the competition. We're the cheapest nasi lemak in Malaysia."

“Malaysia Boleh," Tony responds.

Then the bartender notices, "Tan Sri, you don't have a fork and spoon. That'll be three Ringgit for one of ours."

Tony sighs but pays up. He takes his nasi lemak and goes to sit down.

“Sorry," the waiter adds, "there's a two Ringgit charge to sit unless you booked online for just one Ringgit."

Annoyed, Tony takes a sit and places his bag on the seat next to him.

“Tan Sri, you're takung two seats. You'll need an extra spot for another two Ringgit," says the waiter.

Frustrated, Tony stands up, places his nasi lemak on the table, and shouts, "This is ridiculous! Do you know who I am? I want to speak to the manager!"

“Of course, Tan Sri," replies the bartender.

"I've had enough," says Tony angrily. "I came for a meal and this is how I'm treated? I want to speak to the manager!"

"Certainly, Tan Sri," the bartender says cheerfully. "You can contact him via the messaging feature in our application.”

"I'll never come back to this restaurant!" Tony screams.

“That's fine, Tan Sri, but remember we're the only restaurant in Malaysia selling nasi lemak for 10 cents."

Why ordinary investors are shunning Bursa Malaysia - TK Chua

Let’s be realistic, I think for speculative play and gambling, ordinary investors stand no chance against corporate bigwigs and insiders.

May I ask how many percent of the listed companies in Bursa Malaysia today are of investment grade? My estimate is not even exceeding 20 percent.

These companies raised money from the market, but do they really care for returns to shareholders? How many companies have provided decent dividends, if at all declared any dividend, to shareholders?

To me, many of these companies with listed status are nothing more than “conduit” for them to print money. They exist mainly for the sole benefits of those who are in control of the companies.

The management and the controlling shareholders are being lavishly rewarded while shareholders who provided the funding are given pittance or nothing.

If we want to make Bursa Malaysia an investment destination of choice, the strategy is not to allow every Tom, Dick and Harry to list their companies. I have seen too much abuse on this. On the contrary, we must be more selective to allow companies to list.

I understand caveat emptor must be the basic guiding principle of investing. However, if the market is ineffectively regulated and infested with poor governance, I think it is difficult for ordinary investors to make choices.

We can’t blame them for shunning the stock market if their experiences have been less than encouraging.

Instead of encouraging more people to invest in the stock market blindly, the focus should be on making the market more efficient and transparent. The authorities must monitor the listed companies to prevent them from indulging excessive corporate abuse for the benefits of controlling shareholders

Insas is selling below it net cash and below its holding in Inari alone.
So if you find such undervalued stock just buy bit by bit.

A reasonable price for CPO is on par with soybean oil. Anything above that is unsustainable.

Repost:
Nov 28, 2024 6:35 AM | Report Abuse

Biodiesel is a loss making business. Indonesia governmemt used palm oil export lavy and duty to support biodiesel.

Indonesia government B40 is to take up excess palm oil from market to support price. So please forget about B100 or palm oil at RM 8000.

If market is short of palm oil, Indonesia government as a responsible government should and will reduce the biodiesel blending mandate