UNITED MALACCA BERHAD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description GROUP PRODUCTION FIGURES FOR THE MONTH OF NOVEMBER 2024
FRESH FRUIT BUNCHES (TONNES) CRUDE PALM OIL (TONNES) PALM KERNEL (TONNES)
NOVEMBER 2024 37,739 11,573 2,081

UNITED MALACCA BHD MAIN : Plantations
Last Price Today's Change Day's Range Trading Volume
5.10 0.00 (0.00%) 0.00 - 0.00 0
Market Cap: 1,070 Million
NOSH: 210 Million


TA ANN HOLDINGS BERHAD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description GROUP'S PRODUCTION FIGURES FOR THE MONTH OF NOVEMBER 2024
In accordance with Paragraph 9.36 of the Main Market Listing Requirements, Ta Ann Holdings Berhad wishes to announce that the log and crop production figures for the month of November 2024 were as follows:

(1) Log – 14,360 cubic metres
(2) Fresh Fruit Bunches – 56,947 metric tonnes
(3) Crude Palm Oil – 22,344 metric tonnes
(4) Palm Kernel – 4,601 metric tonnes

KLSE: TAANN (5012) TA ANN HOLDINGS BHD MAIN : Plantations
Last Price Today's Change Day's Range Trading Volume
4.08 0.00 (0.00%) 0.00 - 0.00
Market Cap: 1,797 Million
NOSH: 440 Million


JAYA TIASA HOLDINGS BHD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of November 2024 as follows:

Product Production
Fresh Fruit Bunches 88,953 metric tonnes
Crude Palm Oil 19,896 metric tonnes
Palm Kernel 4,330 metric tonnes
Logs 9,470 cubic metres
JAYA TIASA HOLDINGS BHD MAIN : Plantations
Last Price Today's Change Day's Range Trading Volume
1.32 0.00 (0.00%) 0.00 - 0.00 0
Market Cap: 1,278 Million
NOSH: 968 Million
Avg Volume (4 weeks): 9,835,500


Make you own valuation what should be Jaya Tiasa worth?
I am looking forward to collect more dividend from Jaya Tiasa in year to come.

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

As of 19/12/2024 USD rate 4.45
What will be USD closing rate on 31/12/2024 compare closing rate at 30/9/2024 of 4.1065?
What will be the FX gain/lose?

Unutilized tax losses and unabsorbed capital allowances amounted to RM670.7 million and RM227.5 million respectively in FY2024 (Page
130 of the annual report).
Are there ways the companies can actually realize these benefits?

A lot of the unutilized tax losses were related to impairment in the planted forest. If we are able to sell the logs from the planted forest in the export market for USD250 per cubic meter, then we will be able to utilize the tax losses brought forward.

Jasa Tiasa not yet harvest any of its planted forest (planted trees 4,065,071).

Jaya Tiasa is assessing the correct strategic entry point to start harvesting cycle as we need to ensure there are sustainable trees supplies that meet the harvesting condition under government's policy to achieve economy of scale.

REFORESTATION
Manpower shortage continued to be an existential issue in this division. Despite this, in FY2024, the Group planted a total of 6,821 hectares in our LPFs bringing the total planted area to 45,966 hectares and the total number of planted trees to 4,065,071.

May I known when reforestation can to harvest? As AR 2006, reforestation started planting; As AR 2010, 29924 Ha is planted at 2010. Understood that reforestation is 12-15 gestation period. Why reforestation
still not in harvest time?

Yes, some of our planted trees have reached maturity stage. We are in the early planning stage where we are assessing the correct strategic entry point to start harvesting cycle as we need to ensure there are sustainable trees supplies that meet the harvesting condition under government's policy to achieve economy of scale.

At the moment, we are not focusing on the log manufacturing business until we have a sustainable supply of logs from our concession areas and/or planted forests. Only then will we consider all possible business models, including diversifying our customer base or exploring joint ventures with Chinese Companies.

Year 1 cost is normally between 50 to 60 % of total cost depending on old trees clearing, planting, road repair, seedling 9-12 months old trees and etc.
Year 2 and 3 about 25% 25% or 20% 20%

An average IQ person will know that the planting cost refer is in cumulative 3 years RM 32.4 million for 1020 hectare.

After that you can start havesting the FFB on the 4th year abit the FFB production is low.

https://www.jayatiasa.net/general-meetings/

2024 AGM minutes just published at jayatiasa website

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

Oil palm
External revenue :RM 253,417,000
EBITDA : RM 147,470,000

Is that high production cost?

Intended Outcome
Shareholders are able to participate, engage the board and senior management effectively and make informed voting decisions at General Meetings.
Practice 13.6
Minutes of the general meeting should be circulated to shareholders no later than 30 business days after the general meeting.

Application : Applied
Explanation on application of the practice
: The minutes of the last AGM held on 30 November 2023 were uploaded to the Company’s website within 30 business days after the AGM.

My fund is not big hence I set myself a limit of not putting more than 50% into a single stock.

In order to grow my fund, I need to grow it at faster rate hence I am trying hard in buying undervalued stocks and selling them when they reached my TP.

Once I had grow my fund then I will put my money into quality stocks that will give me compounding growth and at the same time enjoying the dividend.

I do not intend to hold another competition as I had learned enough lesson from above competition.

Ytlpower was top for the 6 months and 12 months due to surge in demand of Power in Singapore that cause a spike in Ytlpower earning.

YTLpower was last at the last 6 months due to profit taking/price correction due to abt normalisation of Singapore power supply and demand and their big cap Data centre not yet contribute to earning.

Ytlpower will do very well moving forward if their Data Centre can generated big enough earning as expected.

But people start to doubt will the earning materilised when there are so many Big Tech companies and new comers also building so many AI/conventional DC.

By PE Harta is running ahead of it earning in expectation that US tariff on China gloves.


Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Dec 14, 2024 8:07 AM | Report Abuse

The present market price of Hartalega has priced in future margin expansion. Its margins have been hit post-pandemic but should expand going forward. Likewise, for other glove manufacturers in Malaysia too.

https://klse.i3investor.com/blogs/Sslee_blog/2024-12-14-story-h476605383-6_months_12_months_and_18_months_ROI_contest_Final_part.jsp

6 months, 12 months and 18 months ROI contest Final part

It sadden me a lot looking at the current batch of forumers in i3 who did not contribute to anything worthwhile discussion on stocks nor intellectual discourse.

I really miss the good old days where we can discuss everything under the sun and laugh at each other without name calling nor insulting each other.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Dec 13, 2024 9:49 PM | Report Abuse

The most popular valuation metrics are Price/Earnings, Price/Ebidta, Price/Sales, Price/Book value and EV/Ebitda.
(EV or Enterprise Value = Market cap + Debt)

Many different methods as listed above are used to arrive at the valuation for stocks.

However, remember that there is ever only one definition for valuation: the discounted cash flow.

All the above metrics are merely short forms or shortcuts for discounted cash flow. These metrics are widely used because they are easier to compute and understand, and can be compared across companies, sectors and markets. Critically, while these shortcut metrics are useful, they are insufficient and sometimes, can be misused to present a false picture

My take: Valuation by valuation metric is based on the past and recent past financial performance

Whereas DCF is the Present value of the investment of all the expected/projected cash flow over the lifetime discounted at the appropriate discount rate.

The only flaw on DCF is it did not take into account whether the company is currently in net aseets or net liabilities.

Hence I totally disagreed with CapA independant advisor DCF valuation on AAAGL and AAB which currently billions in net liabilities

TDM was given a second chance as PM to carry out "reformasi" to save Malaysia from UMNO Kleptokrasi alas he failed miserables as he sucuumb to his true self of ketunan Malayu ideology as a leopard can't change its spots

Repost:
KYY is not your average ordinary person. Whether he has done more good than harm or more harm than good is not for us to judge him. It is between him and his god.

But one thing for sure he make full use of what life has to offer.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Dec 13, 2024 12:11 PM | Report Abuse

Since common stocks, even of investment grade, are subject to recurrent and wide fluctuations in their prices, the intelligent investor should be interested in the possibilities of profiting from these pendulum swings.

By timing we mean the endeavor to anticipate the action of the stock market - to buy or hold when the future course is deemed to be upward, to sell or refrain from buying when the course is downward

We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results.

Now I know why 3ii is so against timing because he totally miss the goal what is timing about.

Timing is not about looking at price trend everyday to profit from price swing but it is all about looking at the bigger picture of busines and supply and demand inequalibrium that will cause business going into boom or burst cycle and time your entry and exit.

KYY is not your average ordinary person. Whether he has done more good than harm or more harm than good is not for us to judge him. It is between him and his god.

But one thing for sure he make full use of what life has to offer.

https://klse.i3investor.com/blogs/Sslee_blog/2018-11-03-story180867-Unsolvable_Enigmas_of_Mr_Koon_and_Tun_Dr_Mahathir.jsp

Unsolvable Enigmas of Mr. Koon and Tun Dr Mahathir
Author: Sslee | Publish date: Sat, 3 Nov 2018, 1:04 PM

First and foremost my congratulation to INSAS’s BOD and Management team for a job well done in generating sustainable earnings (FY 2024 EPS: RM 0.125) supported by positive cash flows and maintain a positive/healthy financial position (FY 2024 NAPS: RM 3.67 Vs FY 2024 NAPS: RM 3.53) with CASH AND CASH EQUIVALENTS COMPRISE OF:-
2024 2023
RM’000 RM’000
Cash and bank balances 182,697 104,747
Deposits with licensed banks and financial institutions 1,030,990 943,505
1,213,687 1,048,252
Less:-
Cash and bank balances pledged (Note 21) (30,289) (2,376)
Fixed deposits pledged (Note 20) (214,893) (233,801)
968,505 812,075

Question 1: I’m tired of asking for a better, fairer and equitable dividend year after year with little success. For this year I would like to rephrase my question: Are BOD owed Insas shareholders a duty, responsibility and an explanation when, how and on what conditions the management will use the billion cash hoard for business expansion or return part of the cash hoard as dividend to shareholders?

30/06/2024 30/06/2023
RM'000 RM'000
(Unaudited) (Audited)
Non-current liabilities
Loans and borrowings 30,300 37,652
Redeemable preference shares 129,353 128,622
Current liabilities
Loans and borrowings 198,525 205,309

Current asssets
Financial assets at fair value through profit or loss 236,685 222,832

Insas keep money in oversee (pledged) and also borrow money in foreign currency for the financial fair value assets/foreign equity investment.

One of our proudest moments came in 2004 when PT MM became the first Indonesian company to become a member of the Roundtable on Sustainable Palm Oil (RSPO). MM Chairman served on the first RSPO Executive Board.

KYY intention is to elect his nominees into Jaks BOD so that his nominees can check and balance ALP and his backers widespread financial shenanigans.

KYY is now a shadow of his former self, he can't single handedly move the price of share anymore. In fact many had taken it as when he promote the share he is trying to sell his holding to you.

I am holding to my remaining jayatiasa for the only reason jayatiasa is now in net cash position and should have more than enough positive cash flow to reward shareholders with dividend.

I'm working for a fully integrated palm oil company and with commitment to No Deforestation, No Peat, No Exploitation (NDPE) sustainability policy and net zero carbon emmission by 2050 that aims to create a more environmentally and socially responsible palm oil industry.

The future supply of palm oil will be stagnant or decrease/limited but demand will continues to increase due to population and living standard increase. Hence CPO price should be good.

The fact capitalA operating cash flow is not even enough to pay the lease and finance cost lease libilities for lease payment due to lessors.

Hence need more borrowing.

9 months ended 30/9/2024
RM '000
Cash generated from operation 2,365,608
Net cash generated from operating activities 2,162,677

So is cash flow enough to pay what Stony reply in AGM minutes?
The majority of the liabilities of Aviation/AAX are lease liabilities of RM20 billion that will be repaid over the tenure of lease ranging from 12 to 18 years.
Current lease liabilities of RM5 billion represent lease payment due within 12 months and will be serviced by operating cash flow for the next 12 months.
Aviation is expected to generate positive cash flow to service its liabilities going forward, that is supported by valuation of both AAB and AAAGL under the DCF method

Or
Cash flow from financing activities
RM '000
Proceed from borrowings 1,551,768
Repayment of borrowings (524,519)
Repayment of lease liabilities (2,621,956)

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 of INSAS is then the Sum of DCF expected cash flow from varies business streams.
For INSAS assets rich case, it is my opinion that the liquid assets minus total liabilities should be added to this intrinsic value.

The only flaw on DCF is it did not take into account whether the company is currently in net aseets or net liabilities.

Hence I totally disagreed with CapA independant advisor valuation on AAAGL and AAB which currently billions in net liabilities

Why not go to International Court of Justice's (ICJ) to claim the whole Singapore belong to Johor?

Contract Type: Contract Date: Due Date: Stock Name: Quantity: Price: Contract Value:O/S Value

T+1 Contract
Sell 12/12/2024 16/12/2024 JTIASA 140,000 1.412900 197,251.94 197,251.94
Total : 197,251.94 197,251.94

T+1 Contract
Buy 12/12/2024 16/12/2024 EWINT 50,000 0.325000 16,312.51 0.00 50,000 16,312.51
Buy 12/12/2024 16/12/2024 LBS 135,000 0.570000 77,242.47 0.00 135,000 77,242.47
Total : 93,554.98 0.00 185,000 93,554.98

Yesterday I sold some Jayatiasa and buy Ewint and LBS for dividend
Since KYY is buying Jayatiasa. I will stop selling Jayatiasa for old friend/times’ sake.

By the way jayatiasa next quarter result should be better than quarter ended 30 Sept 2024 and expecting a dividend next quarter.

How about insas selling below it net cash or it holding in associate company Inari alone?

In person KYY is a very nice person.
I meet him in person many years back due to our mutual interest on Xingquan egm requisition notice.

And we become friend.
Later year we grow apart due to my disagreement on many things he is doing.

https://klse.i3investor.com/blogs/Sslee_blog/2018-09-05-story-h1455167026-An_open_letter_to_qqq3_Desa_Chan.jsp

Still no ball to show hand his Jaks holding but continues to talk nonsense, a born loser indeed.

128449241 01/11/2024 Brought Forward 2,230,000 1.0559

129005230 04/11/2024 Sell 10,000 1.2700
129005910 04/11/2024 Sell 10,000 1.2800
129089051 13/11/2024 Buy 10,000 1.1800
129102367 15/11/2024 Buy 10,000 1.1600
129107469 15/11/2024 Buy 10,000 1.1700
129135003 21/11/2024 Buy 30,000 1.1600
129135489 21/11/2024 Buy 10,000 1.1600
129137271 21/11/2024 Buy 10,000 1.1400
129139180 21/11/2024 Buy 10,000 1.1300
129141710 21/11/2024 Buy 10,000 1.1300
129142251 21/11/2024 Buy 10,000 1.1300
129144195 21/11/2024 Buy 10,000 1.1300
129144865 22/11/2024 Buy 10,000 1.1300
129152708 22/11/2024 Buy 10,000 1.1100
129156920 25/11/2024 Buy 10,000 1.1100
129466139 01/12/2024 Brought Forward 2,360,000 1.0616

130079606 09/12/2024 Sell 10,000 1.4700
130079700 09/12/2024 Sell 5,000 1.4700
130079747 09/12/2024 Sell 20,000 1.4800
130079771 09/12/2024 Sell 5,000 1.4800
130079934 09/12/2024 Sell 10,000 1.4900
130079996 09/12/2024 Sell 20,000 1.4900
130085169 10/12/2024 Sell 10,000 1.5100
130089969 10/12/2024 Sell 20,000 1.4600
130090882 10/12/2024 Sell 20,000 1.4400

4383 JTIASA
2,240,000 1.0616 1.4300 2,377,984.00 3,203,200.00 825,216.00 34.70

Sold some for my niece purchased of Vista Tiara Florian Residences Payment and also to comply with my own investment rule of trying not to hold more than 50% in a single stock

Ball on your court Mike-tikus, dare to show your Jaks holding?

So far my rat-trap only managed to trap the same naughty tikus at penthouse 44 floor HRC and 24 floor Jaks 🤣😂😅

Below dividend received from jayatiasa.
You should be able to work out when I bought most of my jayatiasa.

Posted by Sslee > Nov 1, 2024 8:42 AM | Report Abuse X
Aiyoyo Mike-tikus below are the date and amount I received dividend from jayatiasa.
18/10/2022 Jayatiasa 1,680.00
30/3/2023 Jayatiasa 4,500.00
29/09/2023 Jayatiasa 8,245.00
2/4/2024 Jayatiasa 22,500.00
30/9/2024 Jayatiasa 81,200.00

Me again my thousand thanks to Mike-tikus for talking down the price so that I can collect/average up a lot more at RM 1.05 to 1.20 range

Priva already overtake jaks because of below MOU.

When will ALP also come up with MOU for Data ceter?

PRIVA
0.140
+0.005 (+3.7%)
MEMORANDUM OF UNDERSTANDING Privasia Technology Berhad [Registration No.: 200801023769 (825092-U)] (PRIVASIA or the Company) Memorandum of Agreement between Privabytes Sdn. Bhd (formerly known as Digital Medtech Solutions Sdn. Bhd.), an indirect subsidiary of Privasia, MARA Incorporated Sdn. Bhd. and FELCRA Berhad.

United Plantation 2023 oil yield 6.11 MT per hectare or about 30MT FFB per hectare per year.

For a 5 hectare to collect 20 to 25 tons per month mean per hectare 48-60 MT FFB per year a better result that any well managed plantation in the world.
Is he read wrongly or is he bullshitting or a better story teller with fake facts and figures?

Felda Settlers :
Felda Kota Gelanggi 1 settler, Johari A. Manaf, 81, said he is grateful because the estate he operates has shown vast improvement, as he is now able to harvest about 20 to 25 tons per month.

👉Based on current prices and his 5-hectare (14-acre) palm oil plantation, the report said he is now able to earn between RM20,000 to RM30,000 a month.

Kosmo today reported that the price for fresh fruit bunches (FFB) from January to October this year ranged from RM800 to RM900 per metric ton, before skyrocketing to RM1,200 recently.

Nowadays many listed companies do not directly send a copy of answers to your AGM questions and only informed you to refer to their website AGM minutes once it is published.

This is to ensure the information is available to all shareholders at the same times (only those attended the physical AGM will have the advantage of knowing what was disclosed at AGM)

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

Quarter ended 30 Sept 2024
Oil palm revenue RM 253,417,000 and EBITDA RM 147,470,501

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

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

JAYA TIASA HOLDINGS BHD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of November 2024 as follows:

Product Production
Fresh Fruit Bunches 88,953 metric tonnes
Crude Palm Oil 19,896 metric tonnes
Palm Kernel 4,330 metric tonnes
Logs 9,470 cubic metres
This announcement is dated 10 December 2024.


JAYA TIASA HOLDINGS BHD
Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of October 2024 as follows:

Product Production
Fresh Fruit Bunches 110,504 metric tonnes
Crude Palm Oil 23,013 metric tonnes
Palm Kernel 5,192 metric tonnes
Logs 11,720 cubic metres

This announcement is dated 11 November 2024.

PERFORMANCE OF THE MALAYSIAN PALM OIL INDUSTRY, NOVEMBER 2024
OCTOBER(r) NOVEMBER(p) DIFFERENCE
QUANTITY (%)
PRODUCTION (TONNES)
CRUDE PALM OIL
P. Malaysia 968,820 875,818 (93,002) (9.60)
Sabah 434,846 392,760 (42,086) (9.68)
Sarawak 393,682 352,716 (40,966) (10.41)
Total 1,797,348 1,621,294 (176,054) (9.80)
PALM KERNEL 416,058 361,340 (54,718) (13.15)
CRUDE PALM KERNEL OIL 209,148 176,302 (32,846) (15.70)
PALM KERNEL CAKE 232,637 197,095 (35,542) (15.28)
STOCK (TONNES)(s)
CRUDE PALM OIL
P. Malaysia 457,393 392,758 (64,635) (14.13)
Sabah 314,868 355,693 40,825 12.97
Sarawak 171,211 159,043 (12,168) (7.11)
Total 943,472 907,494 (35,978) (3.81)
PROCESSED PALM OIL
P. Malaysia 602,226 572,861 (29,365) (4.88)
Sabah 207,338 208,535 1,197 0.58
Sarawak 132,147 147,277 15,130 11.45
Total 941,711 928,673 (13,038) (1.38)
TOTAL PALM OIL
P. Malaysia 1,059,619 965,619 (94,000) (8.87)
Sabah 522,206 564,228 42,022 8.05
Sarawak 303,358 306,320 2,962 0.98
Total 1,885,183 1,836,167 (49,016) (2.60)

Now you can calculate estimate revenue for month Oct and Nov by:
Month Oct and Nov CPO and PK production time the respective month ASP CPO and PK

Is he know how to read trading volume?
No wonder trapped high at jaks.

Forum Thread
Stock: [JTIASA]: JAYA TIASA HOLDINGS BHD

Last Price Today's Change Day's Range Trading Volume
1.49 +0.06 (4.20%) 1.38 - 1.50 14,152,500

Pchem has an upcoming bigger plant in PPC that going to drag down its profit.
So do you think Pchem has a stomach for another similar plant?

Maybank Investment Bank, which now has the second-lowest target price for the stock at RM3.82, flagged that the inclusion of losses from its Pengerang Petrochemical Company Sdn Bhd (PPC) would lead to a profit contraction for Petronas Chemicals in 2025 even as overall product spreads improve.

It like korean car now had to compete with China car.
Can you see the future for korean car?

If you insist that paying lease payment due/deferred is the same as repaying loans/borrowings then you are right.

You either inject money to bailout a company or if you can find buyer to buy your subsidiaries with total liabilities many billions over total assets then it is not a bailout but a smart move (transfered billions in net liabilities to other).

Isn't selling land to report big profit a one off event?
After selling all the land and without profit from land selling what will be the normalized PAT?

Just wonder why all IBs have buy call on YTLP?

Buying jaks is like ikan billis swimming with sharks sure telan by sharks

People brag for several reasons, often tied to psychological and social factors:

Self-Esteem Boost: Bragging can be a way for individuals to boost their self-esteem. By highlighting their achievements, they reinforce their self-worth and feel more confident.

Social Validation: People often seek approval and validation from others. Bragging can be a method to gain recognition and admiration, enhancing their social standing.

Competition: In competitive environments, bragging can serve as a strategy to assert dominance or superiority over peers. It can be a way to signal success and capability.

Insecurity: Sometimes, individuals who feel insecure may brag to mask their feelings of inadequacy. By projecting confidence, they hope to convince themselves and others of their worth.

Cultural Factors: In some cultures or social groups, boasting about achievements is more accepted or even encouraged as a way to inspire others or celebrate success.

Storytelling: Bragging can also be a form of storytelling, where individuals share their experiences to entertain or engage others, even if it comes off as boastful.

Overall, bragging is often a complex behavior influenced by a mix of personal insecurities, social dynamics, and cultural norms

By the way the correct statement is net cash used in financing activities

As as 31/9/2024
Cash flow from financing activities
RM '000
Proceed from borrowings 1,551,768
Repayment of borrowings (524,519)
Repayment of lease liabilities (2,621,956)
Net cash used in financing activities (1,594,707)

You just need to look into IBs analysis report on capitalA. They can't even figure out or agree on what is capA core profit/loss when they are reading the same financial report.

IBs analyst are paid just to write what the IBs want nothing more and nothing less.