Sslee

Sslee | Joined since 2016-08-31

Investing Experience Beginner
Risk Profile Moderate

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 canҀ™t really see, but we can feel. You are very compassionate, strong minded

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240

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7,054

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Summary
Total comments
7,054
Past 30 days
194
Past 7 days
52
Today
6

User Comments
Stock

2 weeks ago | Report Abuse

Referring
https://theedgemalaysia.com/node/727957
Capital A can exit PN17 before branding biz carve-out, says Fernandes
The proposed RM6.68 billion disposal of AirAsia Bhd and AirAsia Aviation Group Ltd to AAX will lead to a pro forma gain of over RM18 billion when the transfer of accumulated losses in the aviation business is included, according to Capital A

Isn't above sound like and look like a bailout?

Stock

2 weeks ago | Report Abuse

I sold ytlpower and bplant too early but no regret as live is too short to hold so many regrets, revenges or grievances against anyone.

Learn to move on and live hapilly.

By the way this year is a very good year for me and I wish everyone find their inner peace and success in their investment.

Stock

2 weeks ago | Report Abuse

If you only take care of the top line with millions of cheap sales promotions and collected sales in advance of over RM 2 billion+

Come Q4 result what will be the revenue, EBITDA, PBT, PAT, operation cash flow and financing cashflow.

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)

So still borrowing addition RM 1billion+ to get the operation running.

As what about BOD reply in EGM minutes?
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.

Stock

2 weeks ago | Report Abuse

Pluch something from capA 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.

So the question is with EBITDA Rm577M is that enough to pay lease payment due to lessors for the lease planes?

By the way as at 30/9/2024
RM'000
Current trade and other payables 4,635,016
Current borrowing 1,095,947
Current portion of long term debentures 290,261
Current lease liabilities 3,467,211
And etc

Stock

2 weeks ago | Report Abuse

Haha,
For someone never win in investing to earn about 270k+ dividend alone in a year and now still holding million in jayatiasa. I must be a very lucky man unlike someone trapped high in jaks and very shy to tell how many million jaks share he is holding currently.

Stock

2 weeks ago | Report Abuse

I think selling by major shareholder when share price already very much run ahead of fundemental is a resposible move to prevent share price overheating.

Stock

2 weeks ago | Report Abuse

Jaks how to be better?

Never pay any dividend to shareholders but yearly asking free money from investors and shareholders with PP and RI. And without fall come Q4 big impairment on contract assets and receivables.

Jaks is BUY Low and SELL Lower.

Stock

2 weeks ago | Report Abuse

Me long ago already sold jaks for my free bintang beer.

Only kasien Mike-tikus trapped high in Jaks and had to hard sell his jaks with misinformation, faked facts and figures to lure any newbie to buy high from him to no avail.

I will only have a second look at jaks in year 2030 hopefully jaks will still here unlike Xingquan

Stock

2 weeks ago | Report Abuse

MNH as at 31/12/2024
Current liabilities RM 204,961,046
Non-current liabilities RM 196,443,411

The MNH RM 250 million medium-term note (MTN) can hardly cover the MNH Current liabilities RM 204,961,046 and how many of Non-current liabilities RM 196,443,411 become due in 2025?

Stock

2 weeks ago | Report Abuse

Summarised statements of financial position as at 31 December 2023:
FP MNH Total
RM RM RM
Non-current assets 232,040,920 324,605,814 556,646,734
Current assets 910,656 5,764,090 6,674,746
Total assets 232,951,576 330,369,904 563,321,480
Current liabilities 221,684,498 204,961,046 426,645,544
Non-current liabilities 64,635,068 196,443,411 261,078,479
Total liabilities 286,319,566 401,404,457 687,724,023
Total equity (53,367,990) (71,034,553) (124,402,543)


Summarised statements of profit or loss and other comprehensive income for the financial year ended 31 December 2023:
FP MNH Total
RM RM RM
Revenue 4,167,025 6,096,978 10,264,003
Expenses including taxation (10,817,016) (6,740,356) (17,557,372)
Net loss for the financial year, representing total comprehensive loss for the financial year (6,649,991) (643,378) (7,293,369)

Stock

2 weeks ago | Report Abuse

By Q4 result out with big impairment of contract assets and receivables and MNH MTN undersubscribe jak will has no choice but raise cash by PP or RI.

This time round the PP will be well below 0.1

Stock

2 weeks ago | Report Abuse

Stony is smarter, he is using his magic to save two PN17 companies without government help.

Stock

2 weeks ago | Report Abuse

KUALA LUMPUR (Dec 6): JAKS Resources Bhd (KL:JAKS) said its indirect subsidiary MNH Global Assets Management Sdn Bhd has filed for the establishment of a medium-term note (MTN) programme of up to RM250 million with the Securities Commission Malaysia.

Public Investment Bank Bhd is the principal adviser, lead arranger and lead manager for the MTN programme.

As at 31/12/2023
MNH
Total assets RM 330,369,904
Total liabilities RM 401,404,457
Totol equity/net assets RM (71,034,553)

MNH is a PN17 company.
Will Public Investment Bank Bhd able to find any investors for the MNH RM 250 million medium-term note (MTN)?

Stock

2 weeks ago | Report Abuse

AAX debts restructure, capital reduction, 10 to 1 share consolidation and PP to uplift AAX from PN17.

AAX is now bailout CapA by acquisition CapA aviation (AAAGL and AAB) from CapA.

Will government need to come in bailout AAX later is another story.

Stock

3 weeks ago | Report Abuse

By now everyone should know Bursa is a big online casino and you can bet from few hundreds to few millions.

By the way once upon a time KYY was a big gamble, he bet from few millions to hundred of million.

News & Blogs

3 weeks ago | Report Abuse

Peatland Management
At THP Group, we only plant on peat that has been set aside by the Malaysian government for agricultural development. We understand the nature of peatland and over the years, we have managed our peatland via extensive efforts and strict internal processes. Our Agronomy team provides technical and advisory support for the continuous management and care of the peatland.

These include maintaining water at optimum levels and draining excess water to prevent peat degradation. At the end of 2023, THP Group owned 44,749.27 Ha of peatland, of which 14,924.84 Ha was left unplanted and contributed to biodiversity and conservation areas.

News & Blogs

3 weeks ago | Report Abuse

THP Group owned 44,749.27 Ha of peatland, of which 14,924.84 Ha
was left unplanted and contributed to biodiversity and conservation
areas.

Stock

3 weeks ago | Report Abuse

3Q24 Aviation Performance
MAA IAA PAA TAA CAA
Key Indicators 3Q24 3Q23 YoY 3Q24 3Q23 YoY 3Q24 3Q23 YoY 3Q24 3Q23 YoY 3Q24 2Q24 QoQ
RASK (US cents) 4.52 3.89 16% 4.97 4.36 14% 4.43 5.45 -19% 5.31 4.75 12% 4.98 3.02 65%
CASK (US cents) 4.57 4.55 0% 5.54 4.88 14% 6.02 6.84 -12% 5.26 5.37 -2% 9.87 33.26 -70%

So did aviation make any money flying people?

Stock

3 weeks ago | Report Abuse

Another pertinent question that its minority shareholders have is probably whether Sapura Energy needs another recapitalisation exercise.

For the second financial quarter ended July 31, the company suffered a net loss of RM5.23 million on revenue of RM2.38 billion.

Commenting on its prospects in the earnings results, Sapura Energy says it is currently facing challenges due to lack of access to working capital and bank guarantee facilities, which in turn affected order book replenishment. These constraints have impacted the company’s ability to secure two major contracts worth more than RM4.5 billion. Given this, its top priority is to complete the restructuring scheme to minimise the prolonged impact on the business, it says.

To complicate matters further, the company is currently embroiled in lawsuits and winding-up petitions. Try as it may, there seems to be no end to Sapura Energy’s financial woes.

Stock

3 weeks ago | Report Abuse

Will FX MYR go up or down against USD will not just depend on USD interest rate but more like what China government wants to do with their Chines Yen FX against USD.

Will China manipulate their Yen against USD to fight off the Trump increase tariff on China import?

When China Yen depreciate so will MYR.

Stock

3 weeks ago | Report Abuse

When I bought Jayatiasa my aim is to build a portfolio that will give me good dividend. I only estimate as long as CPO can stay about 4000 it will be already very good.

So anything above that is extra bonus for me.
Note: PK price is now 3500+

Stock

3 weeks ago | Report Abuse

You need to work out the revenue for month Oct, Nov and Dec based on reported CPO and PK month average MPOB spot price and jayatiasa reported CPO and PK production.

It is still too early to estimate coming quarter ended 31/12/2024 earning.
But based on quarter end 30/9/2024 earning when quarter average CPO price 3935 and PK 2452 and Quarter ended 31/12/2024 should be much higher thus earning should be higher.

Stock

3 weeks ago | Report Abuse

As at
30.09.2024 : 31.12.2023
RM’000 RM’000
TOTAL EQUITY 10,905,623 : 12,012,111

NET ASSETS PER SHARE (RM) 2.06 : 2.26

Did anyone notice why the total equity and NAPS droping while GENM reported profit?

Stock

3 weeks ago | Report Abuse

Will it be another good day for Jaya Tiasa?

Market Summary
Company Announcements
Market Information
Market Data Overview
Market Data Overview
As at 29 Nov 2024 05:15 PM
Prices are delayed by 15 minutes

Derivatives
Night & Day Session
Night Session
No Name Month Last Done Change Vol (`00) OI
1 FCPO Feb 2025 5,023.0000 +138.0000 45,798 125,812
2 FCPO Mar 2025 4,903.0000 +110.0000 17,966 51,163
3 FCPO Jan 2025 5,128.0000 +163.0000 11,288 40,449
4 FCPO May 2025 4,642.0000 +58.0000 10,552 30,477
5 FCPO Apr 2025 4,768.0000 +77.0000 9,740 25,511
6 FKLI Dec 2024 1,595.0000 - 8,297 39,455
7 FCPO Dec 2024 5,236.0000 +176.0000 2,640 6,459

Stock
Stock

3 weeks ago | Report Abuse

Jaks 9 months ended 30 Sept 2024
RM '000
(Increase)/Decrease in working capital
Contract assets 13,517
Trade and other receivables 17,671
Trade and other payables (43,024)

The above mean
Only RM 13,517,000 contracts assets received payment
Only RM 17 671,000 receivables received paymemt
And Jaks pay RM 43,024,000 on payables

As at 30 Sept 2024
RM'000
Contract assets 88,513
Trade and Other Receivables 397,921

So get ready for Q4 ended 31/12/2024
Big impairment of contract assets, Trade and Other Receivables.

Stock

3 weeks ago | Report Abuse

By the way Mike-tikus unashamedly using misinformation, fake facts and figures to promote jaks non-stop 24/7/365 for more than a year and half now and luckily no-one falls for his misinformation, fake facts and figures.

Stock

3 weeks ago | Report Abuse

By the way Mike-tikus unashamedly using misinformation, fake facts and figures to promote jaks non-stop 24/7/365 for more than a year and half now and luckily no-one falls for his misinformation, fake facts and figures.

Stock

3 weeks ago | Report Abuse

Repost
Stock: [YINSON]: YINSON HOLDINGS BHD
Dec 1, 2024 10:08 AM | Report Abuse

The problem with JHDP is using 10 years term loan to finance the project.

And hence once interest rate increase the FCF after paying interest and loan principal have nothing much to pay the dividend to shareholders.

Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.386 Million

So smart investors will only come back to have a second look at jaks year 2030.

Meanwhile those no so smart continues to ready your cash for more PP or RI.

By the way the PP investors are smart to subscribe for the PP at discount and then sell the shares back to sharehoders and pocket the profit.

So many rounds of PP but no new substantial shareholder (5% holding).

Stock

3 weeks ago | Report Abuse

Repost from Yinson forum:
Mike-tikus not just a noob but also a liar, a slanderer and a loser.

Repost:
I had say what I needed to say about Yinson and Jaks

If only someone don’t open his mouth no one will know he is a noob. Unfortunately he work so hard to proof to everyone he is indeed a noob.πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

Stock

3 weeks ago | Report Abuse

Mike-tikus not just a noob but also a liar, a slanderer and a loser.

Repost:
I had say what I needed to say about Yinson and Jaks

If only someone don’t open his mouth no one will know he is a noob. Unfortunately he work so hard to proof to everyone he is indeed a noob.πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

Stock

3 weeks ago | Report Abuse

I'm laughing all the way to the bank with my jayatiasa and he is licking his wounds in Jaks for more than a year and half now.

Stock

3 weeks ago | Report Abuse

Posted by Mikecyc > Nov 30, 2024 3:27 PM | Report Abuse

Haha konartist sslleee Jtiasa just 1 year impairment RM 151.2 million is more than Jaks total 5 years Impairment… how about preceding FY … no wander Total Asset is keep reducing

Above is Mike-tikus post and below my response.
So who is twisting?

Posted by Sslee > Nov 30, 2024 3:51 PM | Report Abuse X
Jayatiasa
30/09/2024 30/06/2024
RM'000 RM'000
Net assets 1,553,555 1,514,946

Depreciation and amortisation 34,326 34,669

Dividend paid (34,129) (16,456)

Really LOL. Don't even know what the different between depreciation and impairment?
Better keep your money in FD if you really have money and not wasted on Jaks

News & Blogs

3 weeks ago | Report Abuse

Welcome back Mr. CPTeh
How are you, long time no see?
I miss your waterfall list
2024 will be/is a good year for me and hope the momentum will be carry over to 2025

Stock

3 weeks ago | Report Abuse

I had say what I needed to say about Yinson and Jaks

If only someone don’t open his mouth no one will know he is a noob. Unfortunately he work so hard to proof to everyone he is indeed a noob.πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

Stock

3 weeks ago | Report Abuse

In case you can't understand the above mean:
EBITDA is expected to reach about USD 1 billion annually from 2026
USD 700-800 million will be used for repaying debt and interest based on today’s interest rates

Balance FCF USD 200 – USD 300 million annually will be used either as dividend to reward shareholders or for business expansion.

And if interest rate drop, interest payment will be less and thus FCF will be more

Stock

3 weeks ago | Report Abuse

Repost:
Just a simple summary:
EBITDA is expected to reach about USD 1 billion annually from 2026.

Free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards, based on today’s interest rates

And if interest rate drop then FCF will be more.

Stock

3 weeks ago | Report Abuse

Anyhow the FX unrealised gain on above USD borrowing will be counter cancelled by FX unrealised loss on assets denominated in USD

Stock

3 weeks ago | Report Abuse

Except for the borrowings of RM17,576 million (31 July 2023: RM9,109 million) denominated in US
Dollar, RM772 million (31 July 2023: RM767 million) denominated in Indian Rupee, RM4 million (31
July 2023: NIL) denominated in Singapore Dollar, all other borrowings are denominated in Ringgit
Malaysia.
Increase in outstanding total loans and borrowings was mainly due to additional loan facilities drawn
down for project and working capital purposes.

So you tell me what will be the FX unrealised gain on above USD borrowing?

Stock

3 weeks ago | Report Abuse

Yinson
Bank ready to lend money and bond issue oversubscribed by how many time?

Jaks. No bank will dare to lend any more money, jaks unable to raise money from bond market so the only way for jaks is PP at cheaper and cheaper price.

Stock

3 weeks ago | Report Abuse

JHDP
FYE 2023: FYE 2022
RM: RM
Interest expense (469,976,824) (265,209,747)

Stock

3 weeks ago | Report Abuse

JHDP
FYE 2023: FYE 2022
RM: RM
Current borrowing 711,609,518: 597,039,267
Non current borrowing 3,972,787,018: 4,401,923,432

Stock

3 weeks ago | Report Abuse

By the way the PP investors are smart to subscribe for the PP at discount and then sell the shares back to sharehoders and pocket the profit.

So many rounds of PP but no new substantial shareholder (5% holding).

Stock

3 weeks ago | Report Abuse

The problem with JHDP is using 10 years term loan to finance the project.

And hence once interest rate increase the FCF after paying interest and loan principal have nothing much to pay the dividend to shareholders.

Total Share of Profit = RM 431.703 Million
Total Dividend = RM 97.386 Million

So smart investors will only come back to have a second look at jaks year 2030.

Meanwhile those no so smart continues to ready your cash for more PP or RI.

Stock

3 weeks ago | Report Abuse

>> Vietnam Power Plant is a Capital Intensive Project with Value USD 1.87 Billion ( RM 8.7 Billion)

Know how JHDP fund the power plant? and how much JHDP profit per year?

Yinson each FPSO conversion/EPCIC work also cost USD few billions. Once zzFPSO delivered and first oil the fixed charter rate (momey) will come pouring in.

EBITDA is expected to reach about USD 1 billion annually from 2026.

Free cash flow after repaying debt and interest to reach USD 200 – USD 300 million annually from 2026 onwards, based on today’s interest rates

And if interest rate drop then FCF will be more.

Stock

3 weeks ago | Report Abuse

Tiger groupers have been identified as a potential threat to human health through Ciguatera fish poisoning (CFP). CFP is caused when the toxins or marine algae bioaccumulate through the marine food chain, ultimately ending up being consumed by humans and it is considered to be the most common cause of human poisoning from fish in the tropics today. The toxins cause gastrointestinal, cardiovascular and neurological symptoms and there are currently no reliable tests to determine if a fish is ciguatoxic, and the poison is not affected by cooking or freezing.

Stock

3 weeks ago | Report Abuse

30/09/2024 30/06/2024
RM'000 RM'000
Net assets 1,553,555 1,514,946

Depreciation and amortisation 34,326 34,669

Dividend paid (34,129) (16,456)

Really LOL. Don't even know what the different between depreciation and impairment?
Better keep your money in FD if you really have money and not wasted on Jaks.

Stock

3 weeks ago | Report Abuse

Once your mill is RSPO or MSPO certified then your mill can only accept FFB from RSPO or MSPO plantation/small holders.

One of the criteria for RSPO or MSPO is plantation or small holder must hold a valid land freehold/leasehold/rent title to the plantation land. This is to prevent illegal planting in forest area.

Stock

3 weeks ago | Report Abuse

Did somone know jayatiasa is using their Palm oil mill spare capacity to process third parties FFB into CPO and PK. Isn't that an addition income for jayatiasa?

Go and read how much money 3iii Kmlong earning from milling FFB sourcing from third parties.

Stock

3 weeks ago | Report Abuse

Repost;

In the long run No Deforestation, No Peat, No Exploitation (NDPE) sustainability policy commitment that aims to create a more environmentally and socially responsible palm oil industry will cause supply to be stagnant or decrease but demand will continues increase due to population and living standard increase.