Emotional Introvert Most defining characteristics: You are sensitive, melancholic and a perfectionist. You are a very emotional, caring and dedicated person. You believe that there is a bigger picture in life, one that we canât really see, but we can feel. You are very compassionate, strong minded
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2024-04-03 08:51 | Report Abuse
The question is not when but will there be more PP and RI coming till 2030?
2024-04-03 08:27 | Report Abuse
Petrochemicals had historically been an exception to Beijing’s general push to be self-sufficient in basic materials, but the new plants being built by Rongsheng, Hengli and even offshore players such as BASF SE are changing that picture. As a result, traditional trade deficits in most downstream oil derivatives are turning into substantial surpluses:
A crucial question for the direction of the global climate is how the rest of the world now responds. Executives running petrochemical facilities outside China are facing glutted markets erasing their profit margins. The EU in November imposed anti-dumping duties on Chinese products made from PET, the type of plastic derived from polyethylene that’s widely used in bottles.
In Europe, competition from the influx of low-cost Chinese products in recent months has been an issue for chemicals producers on a par with the disappearance of cheap Russian gas as feedstock. “We see imports from China coming in, in an order of magnitude like never before," BASF chairman Martin Brudermüller told an investor call last month.
Right now, plants outside China are still holding on and pumping out products at a loss, in the hope that global consumption of plastics will eventually catch up. There’s no guarantee when, or even whether, that happens. Should the global chemicals sector capitulate to the tidal wave of polymers flowing out of China and shut down, 2024’s demand surge might look like oil’s last gasp, before decline and fall set in.
More From Bloomberg Opinion:
2024-04-02 18:30 | Report Abuse
No.
Bursa has listing rule and regulation.
2024-04-02 10:54 | Report Abuse
https://tradingeconomics.com/commodity/steel
Steel futures extended their slump and fell to CNY 3,330 per tonne in April, the lowest since March 2020, as persistent pessimism over the health of the Chinese property market sustained a poor outlook for ferrous metals. The developments were lastly underscored by grim corporate results for key property developers, with Vanke reporting a 50% slump in their core profit for 2023, while debt-ridden Country Garden delayed the publication of their report. Additionally, industry data showed that the value of new homes from the 100 largest Chinese real estate companies plunged by 46% in March. Poor consumer demand for new homes drove constructors to slow the purchasing of ferrous-metal-intensive construction material, driving stocks of iron ore inputs in China to surge to a one-year-high of nearly 130 million tonnes.
2024-04-02 10:48 | Report Abuse
From 2020 to December 2023 >
Total Share of Profit from JHDP JV = RM 431.703 Million
But dividend received from JHDP only RM 97.386 Million
You need to ask BOD why JHDP keep the profit and only distribute a mere dividend of RM 97.386 million?
2024-04-01 18:40 | Report Abuse
Maybe a special dividend of 30 sen pay from the accumulate profit.
2024-04-01 17:48 | Report Abuse
TTB just simply quote from Laozi and Zhuangzi, Liezi as Daoist thinkers but miss the real meaning of Dao and Buddhism: Search for self, all is within you.
2024-04-01 17:36 | Report Abuse
Malaysia kick Singapore out because Singapore have nothing unlike Sabah and Sarawak big land and full with natural resources.
2024-04-01 12:41 | Report Abuse
At last KYY learnt his hard lesson on margin forced selling. He now based on TA to cut lose.
Posted by yewyin33 > Mar 30, 2024 9:04 AM | Report Abuse
My reason for selling Eversendai Koon Yew Yin, 30th March 2024
I started buying Eversendai shares on 15th March 2024 when it dropped 1sen to close at 32 sen.
Eversendai price chart below shows it went up 2.5 sen in 4 trading days and it dropped 9.5 sen in 7 traing days.
Yesterday afternoon, I decided to sell all my Eversendai shares because it closed at 29.5sen and I lost money
2024-04-01 11:24 | Report Abuse
https://klse.i3investor.com/blogs/Sslee_blog/2018-03-23-story-h1453288456-HENGYUAN_50_Notices_of_Requisition_needed_to_move_and_vote_on_proposed_.jsp
Our previous attempt at Hengyuan.
Our resolutions 11&12 only get 1.03% of vote at the AGM
2024-04-01 11:03 | Report Abuse
Yes. As long as you give notice of at least twenty-eight (28) days to company secretary before insas next AGM/EGM to include in your submitted resolutions to be vote by shareholders during AGM/EGM.
2024-04-01 07:30 | Report Abuse
Is nowadays everyone can guess what is KYY intention from his writing?
Posted by SuperPanda > Apr 1, 2024 12:38 AM | Report Abuse
uncle play old trick ask people to buy solar counters.. coz he want to sell
And as is his intent, so is his acts.
Now as a man is like this or like that,
according as he acts and according as he behaves, so will he be;
a man of good acts will become good, a man of bad acts, bad;
he becomes pure by pure deeds, bad by bad deeds;
And here they say that a person consists of desires,
and as is his desire, so is his will;
and as is his will, so is his deed;
and whatever deed he does, that he will reap.
— Brihadaranyaka Upanishad, 7th Century BCE
2024-04-01 06:58 | Report Abuse
Can compete with made in China?
Yoong Onn Corp Bhd is an integrated designer, manufacturer, distributor and retailer of home linen and bedding accessories. It also supplies bedding and bath linen and accessories to hospitality-based institutions, including military accommodations, cruise ships, hospitals, and the royal customs. The company is organized into three principal operating division, Manufacturing; Distribution and Trading; and Retailing. Its primary geographic markets are Malaysia, Singapore, and others. Malaysia contributes the vast majority of total revenue.
2024-03-31 21:47 | Report Abuse
Cocoa bean is the raw material.
The products are the refined cocoa butter and cocoa powder.
2024-03-31 21:15 | Report Abuse
Student: To solve the problem need to remove the root cause (remove the wrong type of shareholders)
Master: To solve the problem need to remove the root cause (remove the stagnant NAV). Need to increase NAV at faster rate.
Which is which, NAV or wrong type of shareholders the symptom or the root cause?
2024-03-31 21:03 | Report Abuse
神秀说:“身是菩提树,心如明镜台,时时勤拂拭,勿使惹尘埃。”
惠能说:“菩提本无树,明镜亦非台,本来无一物,何处惹尘埃。”
2024-03-31 15:08 | Report Abuse
Anyone holding 2.5% can give notice of at least twenty-eight (28) days to company secretary before insas next AGM under Section 322 of the Companies Act 2016 to move the resolutions: (Any resolutions for shareholders voting during AGM)
Pursuant to Section 323 of the Companies Act, a motion may be requisitioned by shareholders if it is requisitioned by:
(i) members representing 2.5% of the paid-up capital with voting rights; or
(ii) at least 50 members with the right of vote, where the average paid-up sum for each member exceeds RM500 per member.
2024-03-31 11:04 | Report Abuse
As as is his intent, so is his acts.
Now as a man is like this or like that,
according as he acts and according as he behaves, so will he be;
a man of good acts will become good, a man of bad acts, bad;
he becomes pure by pure deeds, bad by bad deeds;
And here they say that a person consists of desires,
and as is his desire, so is his will;
and as is his will, so is his deed;
and whatever deed he does, that he will reap.
— Brihadaranyaka Upanishad, 7th Century BCE
2024-03-31 08:31 | Report Abuse
It is not about whether the story is true or not, it is all about human kindness, compassion and intention.
2024-03-30 16:54 | Report Abuse
Yes.
Print more RM to give to those affected by rising living cost and very soon you will see the exchange rate of one USD or One Singapore dollar RM XX.XX
2024-03-30 16:39 | Report Abuse
Will AAX's BOD be considered as commiting the below offend if they take on capA aviation's assets and liabilities knowingly very well that after the merged AAX most likely will default in debts repayment? (Need another round of debts restructure, capital reduction and shares consolidation)
The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.
Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:
“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”
Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:
“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”
If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration
2024-03-30 15:54 | Report Abuse
I am chemical engineer by profession (MU 1986 chemical engineering graduate).
I had taken some course on accounting for non accountant as my jobs involved reading financial account and preparing project IRR and production costing.
2024-03-30 15:35 | Report Abuse
Am I wrong to point out the below facts?
Capital A financial
- Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil
- Group operating cash flow over RM1 bil.
Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that 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.
2024-03-30 15:25 | Report Abuse
Just for information I am not a shareholder of AAX or capA but that did not stop me from presenting the available figures and facts to whoever interest in reading this i3 capA forum.
By the way anything wrong on facts and figures that I used to reprimand the TA analyst?
As a qualified and certified CFA your report should be based on your professional opinion/view on what was presented to you by CapitalA (Facts and Figures) and not your personal biased opinion. Quote; ”The increase in capital deficit would not derail its regularisation plan to uplift the company from PN17. In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24. The operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23” Unquote
2024-03-30 15:12 | Report Abuse
Monday 1 January 2024 1 USD = 4.5951 MYR
Friday 29 March 2024 1 USD = 4.7247 MYR
Brent crude at 1 Jan 2024: USD 75.54
Brent crude at 29 March 2024: USD 86.97
So quarter 1 end 31/3/2024.
What will be capA realised and unrealised currency exchange losses? And What will be capA jet fuel cost?
Can capA make any profit for quarter 1 end 31/3/2024?
2024-03-30 14:58 | Report Abuse
And then there is this delusional OleOleOle:
Stony must be rolling on the floor laughing non-stop if he happen to read the below.
Posted by OleOleOle > Mar 15, 2024 1:31 AM | Report Abuse
New out of PN17 option without selling AA Aviation business to AAX:
Action 1:
Assume excess valuation for each plane of US$3.8mil. Or may be higher! LOL
Total 219 air planes yield excess value gain of RM3,821mil (1US$ to RM4.5915)
Action 2:
Don't give free CAPI shares to CapA investors, but instead use it to double the goodwill from US listing.
Goodwill RM2.36 bil to RM4.72 bil.
Action 3:
Make agressive profit target for 2024: RM2 bil net profit after tax. LOL
Action 4:
Stop buying new planes for one year. LOL
To get out of PN17:
Total Equity Deficit = - 10,469.5 mil (RM)
Valuation gain = 3,821.0 mil (RM)
US Listing Goodwill = 4,720.0 mil (RM) [Note: No free CAPI share to CapA investors.]
2024 Profit target = 2,000.0 mil (RM)
--------------------------------------------------------------
Net Cap-A Equity = 71.5 mil (RM)
== 1.7c NAPS
2024-03-30 14:52 | Report Abuse
Many people suffered from confirmation bias where when one hold capA share he/she lose his ability to be impartial and tend to look only for information and process information in favor of capA no matter how bad the reality can be.
Anyway I do not blame them since Stony is such a sweet talker. Stony is so good and convicing in presenting his case on capA untill many are living in different reality.
Posted by Mabel > Mar 20, 2024 4:07 PM | Report Abuse
Yes lah..
Our Capital A so steady...
Every day cum it climbs just like AirBuss
Captain A, the Magician Airlines
Posted by The_JQuestion > Mar 29, 2024 6:07 PM | Report Abuse
https://www.nst.com.my/business/corporate/2024/03/1031977/airasia-pare...
Wow trip.com prominent name now partner with cap A ahead of nasdap lisitng... belum limit up KAH ?? jet setter
2024-03-30 12:40 | Report Abuse
My comment is for everyone to think for a second is capA financial standing become better off or worse off from 31/12/2022 to 31/12/2023?
What has went wrong in the past 1 year when even MAS make profit but CapA finacially become worse off?
Did capA BOD and Management do the right thing for capA employees and shareholders?
And why capA did not negogiate a better lease and interest on lease payment from the lessors?
12 months end 31/12/2023: 12 months ens 31/12/2022
RM'000: RM'000
Depreciation on ROU asset:(1,574,356): (1,309,533)
Financial costs- lease liabilities: (908,711): (705,152)
2024-03-30 09:55 | Report Abuse
Interest to know what the external auditor will say on capA annual report on the worsening of Balance sheet.
31/12/2023: 31/12/2022
RM'000: RM'000
Accumulated losses: (10,490,200): (8,923,188)
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)
Will our Malaysia auditors have the gut of Air Asia Philippines auditor Isla Lipana said these figures indicate that a “material uncertainty” exists on its ability to continue as a going concern.
2024-03-29 13:01 | Report Abuse
One fine day I will sell my Insas at RM 1.50 and I will take a photo of that sell contract as my personal memorable.
2024-03-29 12:39 | Report Abuse
Repost:
Mar 28, 2024 8:32 AM | Report Abuse
If you only used forward earning or EBITDA multiple or ROE to value a company then a high debt or even negative equity company like CapA will come out on top.
Insas after back door listing (RTO) of M&A now only have money lending Insas credit and leasing.
Insas is an investment holding company with billion in cash and billion in Inari holding alone. Then why people don't value Insas on NAV like icapital? Know what is the ROE of icapital?
2024-03-29 11:19 | Report Abuse
Any one qualified are welcome to borrow money from Insas credit and leasing. No question ask even you intend to use the borrow money to make a hostile take over of Insas
2024-03-29 11:16 | Report Abuse
Any price above RM 1.20 is a very good exit point for minority shareholders.
Any one still holding on to their Insas till today must be crazy or they are confident that Ah Thong able to take good care of Insas money or hoping someone like Ah Tong will make a friendly or hostile take over.
Hence what the complaint about?
2024-03-29 08:50 | Report Abuse
I still keep some of my Insas because I believe one fine day I should be able to sell my Insas at my TP of RM 1.50
2024-03-29 08:39 | Report Abuse
2018 is the year I attended Insas AGM where I reason with Dato Sri Thong controlling shareholder CEO for hours that a 1 sen dividend is unreasonable, unfair and unacceptable. Dato Dr. Tan try to come to Dato' Sri Thong rescue and that cost him many vote against his reelection as director.
Note: Dato Dr. Tan aguement is if you want dividend then invest in Inari. On hindsight I should have listen to his advise.
The next year new CEO Dato' Wong increase the dividend to 2 sen and ever since then every AGM I reasons with Dato Wing to increase the dividend.
2024-03-28 12:32 | Report Abuse
I hold a small position in MHC for dividend and also I like their plantation estate in perak and sandakan book valued at about RM 10K per hectare.
2024-03-28 12:16 | Report Abuse
I am hoping Jayatiasa, OSK, Pantech and Yinson will give me a good dividend and maybe become my multibaggers in my portfolio.
Meanwhile I will collect back Insas when the price is right.
2024-03-28 11:05 | Report Abuse
Anyway I did not cut lose as I report to SC and Bursa on the miscounduct of BOD lying thro' their teeth in answering shareholders questions, external auditors not doing their jobs in auditing and verification of bank deposits, impairment of receivables and rejected goods.
Later I approach KYY to make a requisition for an EGM to appoint new external auditor for a forensic audit. Alas before we can submit our EGM request the China man BOD just purposely get Xingquan delist by not submitting quarterly report and not responding to SC and Bursa repeat warning.
So is SC and Bursa doing their job to protect shareholders interest?
I learn my hard lesson.
2024-03-28 10:51 | Report Abuse
Mike-tikus bottom fishing Jaks at 19 floor thinking it is the bottom floor.
I was thinking bottom fishing way below Xingquan RI price of 30 sen should be a safe bet.
Mana tahu get my hand burnt hagus.
2024-03-28 08:36 | Report Abuse
By the way I start to invest in high growth, high debt and high ROE Yinson.
Will accumulate month by month and hopefully by end 2024 when two of Yinson newly assets FPSO hit first oil the earning will pour in.
2024-03-28 08:32 | Report Abuse
If you only used forward earning or EBITDA multiple or ROE to value a company then a high debt or even negative equity company like CapA will come out on top.
Insas after back door listing (RTO) of M&A now only have money lending Insas credit and leasing.
Insas is an investment holding company with billion in cash and billion in Inari holding alone. Then why people don't value Insas on NAV like icapital? Know what is the ROE of icapital?
2024-03-28 07:56 | Report Abuse
I lost 50% of my capital on xingquan thinking I can depend on Bursa SC to protect my interest. How naive I was then.
Nowadays if I smell something is not right I am the first to run fast fast.
2024-03-28 07:52 | Report Abuse
My point is not whether Fisher or Benjamin Graham a better investor but market can be inefficient or depressed longer than you can remain patience/solvent.
So just invest with your spare money and make some money with whatever method that suit you.
But just remember do not lose your 50% capital no matter how good that stock can be.
2024-03-28 07:36 | Report Abuse
No.
So far I only used one (1) ID, unlike dumbass Mike-tikus so many ID.
2024-03-28 07:32 | Report Abuse
The U.S. Federal Reserve will set interest rates again on May 1. Fixed income markets expect that rates will remain at 5.25% to 5.5%, as they have been since last July. Nonetheless, summer rate cuts are expected.
2024-03-28 07:12 | Report Abuse
Stony wish list for 2024:
Positive outlook on macro indicators
○ Anticipated downward trajectory of brent Crude Oil Price, with prices estimated to reach as low as USD78 per barrel in 2024
○ Expected strengthening of MYR against US Dollar, with an estimated closure at RM4.20-RM4.40/USD by year-end.
○ Market expectations of further interest rate cuts in 2024, advantageous given that 70% of costs are denominated in US dollars.
Q1 end 31/3/2024 almost come to the end.
Stony 2024 wishes will not be granted.
At current USD to MYR exchange rate, high Brent crude oil and no USD interest rate cut will Q1 ended 31/3/2024 another lose making quarter?
2024-03-28 07:01 | Report Abuse
By the way did the BOD act in good faith or at the best interest of AAX and sharehoders when they signed the agreement to allow BrandAA/ CAPI to charge AAX 0.5% royalty fee and Thai AAX 1.5% loyalty fee?
Stock: [INSAS]: INSAS BHD
2024-04-03 11:05 | Report Abuse
Luckily I bought more jtiasa