人生是很累的，
你现在不累，以后就会更累。
人生是很苦的，
你现在不苦，以后就会更苦。
没人在乎你的落魄，
没人在乎你的低沉，
更没人在乎你的孤单，
但每个人都会仰视你的辉煌。
天空不会因为一个人的眼泪而布满乌云，
世界更不会因为缺少谁而失去色彩。
除了成功，拿什么证明你的存在？
没有靠山，自己就是山！
没有天下，自己打天下！
没有资本，自己赚资本！
这世界从来没有什么救世主。
弱了，所有困难就强了。
强了，所有阻碍就弱了！
活着就该逢山开路，遇水架桥。
生活，
你给我压力，我还你奇迹！
努力的意义：
不要当父母需要你时，
除了泪水，一无所有。
不要当孩子需要你时，
除了惭愧，一无所有。
不要当自己回首过去，
除了蹉跎，一无所有。

———这就是奋斗的理由

Icapital is lucky to be listed in Malaysia.
If it was listed in US most likely the shareholders already voted out TTB long ago for lack of vision and poor performance.

Aiyoyo,
Look at the portfolio in icapital, are those value stocks?

Do he feel ashamed everytime trying to compare with Warren Buffet?

Did Warren Buffet unashamed selfishly collecting management fees from managing Berkshire Hathaway?

If you invested USD 1,000 in Berkshire Hathaway in year 2005 what will it worth by 31 may 2024?

Since its listing on 19 October 2005, based on the Artificial measurement, the share price of your Fund has risen from RM1.01 to RM3.16 by 31 May 2024. This represents a gain of 256.14%.

Only thousand years of civilisation had taught Chinese to be Pragmatism.
So Western world better not messed up with China.

Can it be also the job scope for the Jews to hoodwink the muslim word to their religion so that they are so weak to even defend their own countries?

Can you produce engineer, doctor, accountant, scientist and etc that are needed to develop a nation or weapons that are needed to defend a nation from tahfiz school?

Are we so forgetful and forgiveful?

Didn't the DSAI government promise us no new tax as elimination of corruption and wasteful leakage and go after crooks to reclaim back the stolen money will be enough for a surplus budget?

Shouldn't we hold them to their promised?

Currently Sarawak and Sabah only legally has autonomy over immigration.

Sarawak and Sabah states are pushing for full autonomy over sectors like health, education, environment and tourism, with full control over important policies and funding including the hiring and placement of teachers as well as healthcare workers.

I do not understand what the need for religious school?

Shouldn't religion be taught as extracurricular activities as non-formal activities that students participate in outside of school hour?

And I can't understand why parent enrol their children to private religious school/tahfiz school?

A coin has two side. You can also say Stony refuse to seek help for ulterior motive.

Who else can do that without any injection from State aid and Injection from White Knights?

Past success can make you full of yourself and refuse to seek help when you truely need an external helps.

I can only hope what Stony trying to do will not ended up with all the BOD in jail.

We survive on our own…

Business is to survive at all costs.
And to survive you need to override many things

Posted by DickyMe > Oct 13, 2024 3:20 PM | Report Abuse
Moral values are human's wish list and can be overridden by individual need.

Moral value?
Know what AAX previous debts restructure look like?
If you are a true believer in moral value then be a teacher and never involve yourself in business.

CapA is technically a bankrupt/insolvent company.
It's already a miracle that Stony managed to keep it afloat and running.

What more do you want from Stony?
To bankrupt AAX one more time?
Or take all the sucker suiyee billis for a ride?

A narrow body long haul Airbus A321neo to new route Africa is consideted as expansions into niche market?

HAP SENG PLANTATIONS HOLDINGS BERHAD
Production figures for current quarter and year to date
Individual Quarter (quarter) Cumulative Period
Current Year Quarter Preceding Year Corresponding Quarter Changes
(Amount / %) Current Year To - Date Preceding Year Corresponding Period Changes
(Amount / %)
30 September 2024 30 September 2023 30 September 2024 30 September 2023
PLANTATION
Crude Palm Oil (MT) 40,008.00
36,627.00
9.23
106,363.00
106,727.00
-0.34

Fresh Fruits Bunches (MT) 177,163.00
158,853.00
11.53
466,243.00
457,062.00
2.01

Palm Kernel (MT) 8,660.00
8,239.00
5.11
23,399.00
24,147.00
-3.10

Production figures for current quarter compared with immediate preceding quarter
Current Quarter Immediate Preceding Quarter Changes
(Amount / %)
30 September 2024 30 June 2024
PLANTATION
Crude Palm Oil (MT) 40,008.00
32,099.00
24.64

Fresh Fruits Bunches (MT) 177,163.00
140,013.00
26.53

Palm Kernel (MT) 8,660.00
6,952.00
24.57


Remarks :
Figures in changes column are in %.

Whoever gave the name Santan which is so close to Satan must be planning his revenge on Stony.

You can check the monthly FFB production of each company and their cashflow.

Both also good

Both Sir Richard Branson and Stony lose their shirt, pant and sock in their boyhood fantasy venture into F1.

On the side bet Sir Richard Branson lose his bet and had to dress up as AA stewardess and served cofee, tea or me in AA plane for a day.

So how do you think what going in Sir Richard Branson mind about Stony and AA?

Stony instead of selling dream (everyone can fly) he should start to do something he is best at, that is selling planes

It is still not too late to put some money into jayatiasa and then monitor the FFB monthly collection and CPO price to time your selling and buying.

Sarawak boleh.

Just ask yourself with unpaid covid debts and lease liabilities keep roll over and with total of 362 aircraft in orderbook to be delivered in the next 12 years. 73 aircraft have already been secured financing through Sales and Leaseback (SLB) arrangements with several lessors.

With many regional LCCs also placing big order on planes, so there will be more and more planes chasing for passangers in the very near future. What will happen then?
Can Ryanair Yield Control Curve or Reverse Ryanair Yield Control Curve make any different?

Virgin Atlantic has not reported a positive net profit since 2016, and has recorded net losses in all but two of the past 10 years. In 2023 its net loss of GBP225.5 million marked an improvement from even heavier losses in 2022 and 2021 - but it was still down on its 2019 net loss of GBP54.7 million.20 Jun 2024

“Belief, determination and conviction ensured our survival,” Virgin Atlantic CEO Shai Weiss said, reflecting on the airline's rough ride through the pandemic. However, since then Virgin has cut £300 million ($380 million) from its annual cost base and is on track for a profitable 2024.3 Nov 2023

Jaks need to annonce completion of old PP so that another new PP can be announced soon.

Posted by BringMeFly > Oct 11, 2024 8:41 AM | Report Abuse
It's announcement on completion of pp. Good news

Market Cap: 643 Million
NOSH: 18,376 Million
Avg Volume (4 weeks): 11,953,970
4 Weeks Range: 0.03 - 0.04
4 Weeks Price Volatility (%): 50.00%
52 Weeks Range: 0.03 - 0.055
52 Weeks Price Volatility (%): 20.00%

A half a sen up from multi-year low of 3 sen and Mabel is so happy and even quote Warren Buffet.

Mabel “Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell”

– Warren Buffet Meow
11/10/2024 8:40 PM

Posted by JrWarren > Oct 11, 2024 4:48 PM | Report Abuse
I dont want to conduct accounting class again, 18.39% shareholding is not consider as subsidiary, so u go think what come next in Cap A book record

Just a question then why capA accounting AAV and IAA as subsidiary?

CapitalA FYE 2023 report: Summarised statements of financial position as at 31th December are as follows:
Effective Holding
AAV: IAA: PAA
40.71%: 47.43%: 97.71% (99.66 latest)
FYE 2023: FYE 2023: FYE 2023
RM’000: RM’000: RM’000
Non-current assets: 8,094,574:1,627,381: 908,863
Current assets: 1,831,039: 231,987: 242,429
Non-current liabilities: (6,223,938): (2,283,702): (1,679,148)
Current liabilities: (2,573,670): (1,965,010): (3,205,168)
Net (liabilities)/assets: 1,128,005: (2,389,344): (3,733,024)

War is barbarian
Hamas war already go on for more than a year.
How many more Gaza innocent civillians need to be killed before the war end?

Mabel even smarter, buy low sell high and buy high sell higher.

The Professor is smart that is why he keep all his RCUIDS and earned the share of profit/interest payment.

The bankers are smarter lend money to Professor and keep the RCUIDS as collateral, no worries about interest and loans repayment.

If you dafault on borrowings repayment due then all the banks will recall their borrowings at once

If you dafault the lease payment the lessors have the rights to pull out their planes.

If you default of trade and other payables the creditors have the rights to get a court order to ask company to pay up or put the company under administrator and auction you assets

As at 30/6/2024
Non current assets: RM 26,053,575,000
Non current liabilities:RM 23,819,165,000
Non current asset hardly cover non current liabilities.
And of the non current assets
Intangible assets: RM 4,484,508,000
Deferred tax assets: RM 1,387,458,000

What will happen if company cannot repay the current borrowing, lease liabilities, trade and other payables and etc?

Posted by rhtc88 > Oct 11, 2024 9:38 AM | Report Abuse

Can capA generated enough cash flow to pay the current liabilities?

Laugh at it....Seriously? All Current Liabilities need settle by Cash by once? Who tell you need to be it so? Fixed Assets not worthy?

Just send:
Dear Capital A IR,

Thank you very much for your above email.

A commentator posted below in an investment forum:

he already address some question in yesterdays Webinar ? if u fllow Sir tony close enough , he will give u some juicy info . All ur accounting problems ? He even mention he is writing off forex losses of up to 1 billion , thats going to be profit .
Cap A is going to get two cumulative profit period and goodbye pn17 !!! Make it look so easy :)) 11/10/2024 9:08 AM

The above posting had prompted me to ask below further questions:
As at 30/6/2024
Total current assets: RM 2,319,481,000
Total current liabilities: RM 15,798,327,000
Net current liabilities: RM 13,478,846,000

Question 1: BOD, can CapitalA generate enough cash flow to pay for all the current liabilities in the next 12 months?

Question 2: If the answer is NO, then how is Capital A/AAX going to avoid payment default especially on trade and other payables, aircraft maintenance, amount due to associate and related parties, borrowings, current portion of long term debentures and lease liabilities?

As at 30/6/2024
RM’000
CURRENT LIABILITIES
Trade and other payables: 4,725,450
Aircraft maintenance provision and liabilities: 1,950,706
Sales in advance: 2,041,289
Amounts due to associates: 21,297
Amounts due to related parties: 502,283
Borrowings: 809,799
Current portion of long term debentures: 191,518
Lease liabilities: 5,510,697
Derivative financial instruments: 24
Provision of taxation: 45,264

Please forward the above questions to the BOD for them to prepare the answers

Thank you

Have a good day

masi Covid DEBT? Tony ask u to MOVE On , Tan sri ready for the MOON !

Is The_JQuestion imply Tan sri told him Covid DEBTs and Covid Lease liabilities do not need to be repaid and Tan sri ready to fly his planes to the moon?

I am watching closely with popcorn and cola in front row how Stony' Bollywood dance will end.

Is CapA out of PN17 at the expense AAX fall into PN17?

Did someone able to different cash flow and foreign exchange gain/loss?

Can capA generated enough cash flow to pay the current liabilities?
If not how capA going to avoid default on payables/borrowings due?

As of Stony I already done my part:
Question 10: BOD, In the event of a default of payables, could the Board of Directors of both Capital A and AirAsia X potentially face legal repercussions, such as charges of Wrongful or Fraudulent Trading under Section 540 and Section 539 of the Companies Act 2016?

That Dubai Fellow I already wrote below email to MSWG with CC to Bursa and SC

https://klse.i3investor.com/blogs/Sslee_blog/2024-10-08-story-h470973957-Class_action_against_Serba_Dinamik.jsp

CapA is technically a bankrupt/insolvent company.
It's already a miracle that Stony managed to keep it afloat and running.

The facts:
More borrowings instead of repayment of borrowings.
As at 30/6/2024
Cash flow from financing activities:
Proceeds from borrowings: RM 418,826,000
Repayment of borrowings: RM (143,138,000)
Repayment of lease liabilities: RM (1,792,676,000)
Net cash used in financing activities: RM (1,516,988,000)

Two leading private credit funds, Ares Management Corp and Indies Capital Partners, will provide $200 million of the funding, which will be strategically utilised to reactivate aircraft that were grounded during the pandemic. The remaining $243 million tranche, subscribed by sting aircraft lessors will be used to refinance existing lease liabilities, further strengthening its balance sheet

If you look into capA balance sheet and cashflow from financing activities:
The first bond for repayment of borrowing and maintenance due and second bond issue to lessors to roll over lease payments due.

CapitalA did not generate enough cash flow to pay lease liabilities due and some of those unpaid lease liabilities keep roll over (even as other payables in Balance sheet)

As at 30/6/2024
RM '000
Current liabilities:
Trade and other payables: 4,725,450
Aircraft maintenance provision and liabilities: 1,950,706
Amt due to related parties:502,283
Borrowings: 809,799
Current portion of long debentures: 191,518
Lease liabilities: 5,510,697
----

Repost:
Posted by Sslee > Sep 4, 2024 1:26 PM | Report Abuse X

ADE
● Segmental revenue reached RM173.9 million with an EBITDA of RM38.9 million.

Santan
● Segmental revenue of RM48.8 million up by 88% YoY, with EBITDA
of RM4.1 million

Teleport
Segmental revenue of RM225 million up 35% YoY, with EBITDA of RM2.5 million

AirAsia MOVE
● AirAsia MOVE generated revenue of RM128 million and EBITDA of RM19 million

BigPay
● Revenue reaching RM9.8 million and an EBITDA loss narrowing 25% to RM18.8 million

Capital A International
Revenue stood at RM54 million, declined slightly by 8% QoQ in line with the Aviation Group’s revenue trend. However, grew by more than 10x YoY.
● Posted EBITDA of RM24 million, a turnaround from RM20 million in EBITDA loss in previous year

(Appraised using the income approach – DCF method) AAAGL Purchase Consideration and AAB Purchase Consideration are fair and reasonable:

Referring CapitalA 6 months end 30/6/2024
Net cash generated from operating activities: RM 2,009,580,000
Cash flow from financing activities:
Proceeds from borrowings: RM 418,826,000
Repayment of borrowings: RM (143,138,000)
Repayment of lease liabilities: RM (1,792,676,000)
Net cash used in financing activities: RM (1,516,988,000)

Note: under MFRS 16: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 lease liabilities.

Question 15: WYNCORP Independent Adviser, please confirm with Deloitte is DCF method the cash flow is Net cash generated from operating activities or Net cash generated from operating activities minus Repayment of lease liabilities?

As set out in Section 11.3, Part A of this Circular, our Group will have a pro forma NA as at 31 December 2023 of RM574.97 million and total borrowings, debentures and lease liabilities as at 31 December 2023 of RM 24,492.69 million (gearing ratio of 42.60 times) upon completion of the Proposed Acquisitions.

Question 7: BOD, what will be the current assets and current liabilities upon completion of the Proposed Acquisitions ?

Question 8: BOD, what will be borrowings, debentures and lease liabilities payable:
Not later than 1 year?
Between 1 to 2 years?
Between 2 to 3 years?
Between 3 to 4 years?
Between 4 to 5 years?

Question 9: Can BOD ensure AAX will not default on above payables or AAX will need to issue more bonds to roll over payables?

Question 10: BOD, In the event of a default of payables, could the Board of Directors of both Capital A and AirAsia X potentially face legal repercussions, such as charges of Wrongful or Fraudulent Trading under Section 540 and Section 539 of the Companies Act 2016?

As set out in Section 11.3, Part A of this Circular, our Group will have a pro forma NA as at 31 December 2023 of RM574.97 million and total borrowings, debentures and lease liabilities as at 31 December 2023 of RM 24,492.69 million (gearing ratio of 42.60 times) upon completion of the Proposed Acquisitions.

Question 7: BOD, what will be the current assets and current liabilities upon completion of the Proposed Acquisitions ?

Question 8: BOD, what will be borrowings, debentures and lease liabilities payable:
Not later than 1 year?
Between 1 to 2 years?
Between 2 to 3 years?
Between 3 to 4 years?
Between 4 to 5 years?

Question 9: Can BOD ensure AAX will not default on above payables or AAX will need to issue more bonds to roll over payables?

Question 10: BOD, In the event of a default of payables, could the Board of Directors of both Capital A and AirAsia X potentially face legal repercussions, such as charges of Wrongful or Fraudulent Trading under Section 540 and Section 539 of the Companies Act 2016?

Page 60: 10.4 Goodwill and impairment risk
For illustrative purposes, as set out in the pro forma consolidated statement of financial position of our Group as at 31 December 2023 in Appendix VIII of this Circular, the goodwill and intangible assets upon completion of the Proposed Acquisitions are RM10,090.74 million and RM2,430.84 million respectively, based on the assumptions and parameters stated therein

Question 11: External Auditor, are Non-current assets: Deferred tax assets and Goodwill subjected to yearly impairment?

Question 12: External Auditor will above impairment causing Net Assets into negative and sending AAX into PN17?

Page 60: 10.4 Goodwill and impairment risk
For illustrative purposes, as set out in the pro forma consolidated statement of financial position of our Group as at 31 December 2023 in Appendix VIII of this Circular, the goodwill and intangible assets upon completion of the Proposed Acquisitions are RM10,090.74 million and RM2,430.84 million respectively, based on the assumptions and parameters stated therein

Question 11: External Auditor, are Non-current assets: Deferred tax assets and Goodwill subjected to yearly impairment?

Question 12: External Auditor will above impairment causing Net Assets into negative and sending AAX into PN17?

Stony know it and that is why dispose capitalA' aviation to AAX

This time I get a reply from capitalA' IR

Dear Mr Lee Soon Sheng,

Thank you for your email and the questions you’ve raised.

In regard to your inquiries, we have carefully reviewed them, particularly those related to follow up questions from the previous AGM and the proposed corporate exercise that will be tabled for shareholder approval at the upcoming EGM. Given that some of your questions pertain directly to the corporate exercise, we believe it is most appropriate to address these matters after the EGM to ensure all shareholders receive consistent information.

Rest assured, you will receive a response after the EGM, addressing all the points you have raised.

We appreciate your understanding and patience.

Based on previous quarter
CPO 4026 and PK 2266
Revenue from plantation (4026x69463 + 2266×15878)= RM 315,637,586