AAAGL did not owns Thai AirAsia and Indonesia AirAsia.

Question: Group effective holding 40.71% AAV listed in Thailand and effective holding 47.43% IAA listed in Indonesia. Both listedentities are governed by respective countries on listing andcapital requirement and Corporate Governance. AAV BOD had carried out a proper capital-raising andrestructuring plan that put Thai AirAsia on the right footing forgrowth.

BOD, any deadline for Indonesia listing IAA for a proper capital-raising and restructuring in order to reset its balance sheet and maintain its listing status?

Answer:Company has formulated strategic plans to address the financial and operational requirements of Indonesia AirAsia. However, at this juncture, we must await the completion of the aviation business disposal before we can proceed with any further actions.

UPDATED JUN 01, 2022, 11:40 PM
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SINGAPORE - Malaysia-based YTL Power International has completed its acquisition of Hyflux's Tuaspring power station.

In a statement on Wednesday (June 1), the international utility group said its wholly owned subsidiary, YTL PowerSeraya, had completed the purchase at $270 million in cash.


It will add about 396 megawatts (MW) to YTL PowerSeraya's existing 2,402MW capacity, making it second to Senoko Energy's 2,807MW.

The Tuaspring power station was commissioned in 2016 and was originally constructed as part of a desalination project under a private-public partnership project between national water agency PUB and Hyflux.

StartOfTheBull,
I do not need to prove anything to you so god blessed you on your blind love with Mike-tikus.

If my 2023 prediction that the KLCI will hit 2,500-3,000 points in the next 3 to 5 years’ time come true, the price performance of icapital.biz Berhad will be very hard to beat, especially when you factor in the extra return from a possible discount swing to a premium.

Will come back and revisit this statement in year 2026-2028 whether TTB is as good as what he said or another snake oil salesman.

StartOfTheBull,
Are you blind?
Can't you see I have nothing to do with any curse?

Know what Mike-tikus is cancerous to i3forum as many good commentators stay away from i3 because of his slanderoues and gibberish posting.

StartOfTheBull,
Who are you trying to protect and kidding trying to link me with MikecycMomGoChurch?

I can say it straight to you face I have nothing to do with MikecycMomGoChurch.

StartOfTheBull, Why and what is your intention to associate me with MikecycMomGoChurch when I have nothing to do with them and Mike-tikus has everything to do with them?

Shame on you.

I really miss the days where I can exchange different of opinion with people like Philip, icon888, CharlesT and many others..

Did Mike-tikus know you can look into Philip portfolio since 2019 onward?

What Top 4 list screenshot ard March 2021 is he talking about?

https://klse1.i3investor.com/servlets/pfs/120720.jsp

Another self ego name dropping. When did Philip said to Mike-tikus you won?

Another name droppping again.
Why should I approached Mike-tikus in Netx on 2020?

Is somone is so dumb to understand what is MOU?

If I am not mistaken Philip once told someone, 'kid go somewhere else to loiter'

I3 stand for: Independent, Intelligent and informed
Independent mean i3 welcome people from different backgrounds, culture, experience, age group to contribute their unique opinion, philosophy, strategy and information to i3 with their comment and blog.
Intelligent and informed mean everyone is welcome to read the comment or blog and make their own intelligent and informed decision.

As a safeguard against abuse i3 admin will monitor the blog and readers are given the power to report abuse which can result in red flag (comment removed) and suspension of commentator or author.

I hardly report any abuse unless I felt the comment is racial ranting or disrespectful for other religion as I always welcome different in opinion and the more the different in opinions the better. But lately I am saddened that some commentators are ganging up to silent different in opinions and to keep some commentator/author suspend from posting in i3.

Society can only advance if we allowed different of opinion to flourish and encourage debate of any topics under the sun because by debating we sharpen our mind, broaden our view and learn to respect other people opinion and agree to disagree.

I always read all the investment articles published in i3 with a pinch of salt and do my own due diligent before invest in any so called “chun-chun” call. You can always find many faults with Calvintaneng’s investment articles as I regard his article as limitless stretching of imagination and story-telling but his articles are colorful unlike some other self-righteous “sifu” one dimensional view and insist that the only way to success is to invest long term in companies that can make stable, predictable and consistence revenue and earnings growth year after year disregard those stocks PE already very high.

I once wrote an article: A satire glimpse into I3investment Bloggers Day 2024 and feature Calvintaneng as one of the speaker:
Calvintaneng
A born again Christian preacher from Singapore and a know devil’s advocate in I3investor forum.
Like an Eagle soaring high in the air and can effortlessly zoom in to catch his prey at the bottom of a receding tide.
A prolific writer of: “Calvin Tan Research Chun-Chun call” in his I3invester blog with over thousand articles and hundred over Chun-Chun call.
His Topic: Bjcorp my XXX Chun-Chun call at new high of RM2.50. Lesson learned and my next Chun-Chun call YYY

I did not realize that his account had been suspended temporarily. I am looking forward to read his blog article again as he had taught me there are many ways to invest: One Up on Wall Street’: Peter Lynch’s 6 Categories of Stocks
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-07-08-story-h1509826008-THE_PROBLEM_OF_MIKECYC_AKA_JJOHNCHEW_OR_CMHOON_IS_HE_HAS_TUNNEL_VISION_.jsp

I need to say his call on Netx is a terrible misjudgment on his part but he had contributed much more than those who criticize him no end. And worst of all it had attracted some self righteousness unscrupulous people to self appointed themselves as vigilante to label others as conman.

For me what I would like to see in i3 is for those who wrote stocks recommendation should at least attend AGM with their prepared questions to verify with the Board the fact and figure they cited on their article and hold the Board accountable and responsible

Mike-tikus please buy a mirror and look at yourself, you are worst than a conman as you like to post gibberish, slander people and an attention seeker(name dropping KYY and Philip)

What can you expect from Mike-tikus trying to sell you his penny stocks Jaks and Priva?

By the way Pantech look like a good slow growing company which give dividend 1.5 sen every quarter.

Will add more if revenue can grow at faster rate.

I start investing a bit late as I concentrate in building a professional career when I am younger.

It is still better late then never and an eye opening experience for me as investing is almost like how to navigate a minefield safely hence my first lesson learn is to cut lose when you have make a mistake for buying that share at the first place.

And my second lesson market/stock will undergo a particular cycle depend on internal and external factor. You just need to study these factors and make use of these factors to make a profitable trade.

I wish I start investing as early as 3iii where you can still buy many quality stocks at it early stage and hold for life to enjoy the power of compounding over long periods of time.

No regret for me as I need to start somewhere to learn and accumulate wealth for lifetime.

Wish all a successful investing journey.

Repost:
👉 700 hectares ( 1730 acres) for 200 MW … Project capital RM 800 million

Aiyoyo Mike-tikus no more blowwater 500 MW?

Question:Regarding the RM200 mil syndicated loan for the LSS4 solar farm, what is the interest rate%
Answer: The Interest rate is between 5% - 6%

👉 700 hectares ( 1730 acres) for 200 MW … Project capital RM 800 million

Aiyoyo Mike-tikus no more blowwater 500 MW?

Question:Regarding the RM200 mil syndicated loan for the LSS4 solar farm, what is the interest rate%
Answer: The Interest rate is between 5% - 6%

Those sekolah pondok students only speak in their dialect and study jawi and religious texts.

Know how many Vernacular schools (SJK(C), SMJK(C)) graduate obtain A in SPM English and Bahasa Malaysia exam?
Know how many kelatanese failed SPM English and Bahaza Malaysia exam?

You just need to go to Kelatan to see whether you understand their dialect.

Mike-tikus not even know solar panel power generation depend on the weather: sunny, cloudly or raining.

With PBT of RM RM 0.96 milion for quarter end March 2024 can LSS4 generate enough cash flow to pay the loan pricipal (RM 220 million) repayment?


JAKS Solar Nibong Tebal (JAKS Solar), a wholly-owned subsidiary of JAKS Resources, obtained a RM112.5 million (US$26.5 million) financing facility from AmBank Islamic in March 2022 as part of a multilateral financing facility worth RM220 million (US$51.82 million).

AmBank Islamic provided the Islamic portion of the facilities while United Overseas Bank (UOB) provided conventional facilities worth RM125 million (US$29.44 million).

Anw412 is right whatever lessors want they will get it. The Revenue Bond program entails the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)

Question: External Auditors if FYE 2022 Management cash flow forecast is far off the mark as per actual achieved then as at 31 December 2023,
the group current liabilities exceed its current assets by RM12,699
million. Are Auditors satisfied and confident with management's cash
flow forecast for year 2024 that the group will not default on the net
current liabilities of RM12,699 million?

Answer:
We have assessed the reasonableness of the cash flow projection provided by the management (Note 2.1). The going concern of the Group is dependent on the following:
1. Successful implementation of a Revenue Bond program; and
2. Continuous support from Group's lessors

Repost:

Mike-tikus balls shrink when jaks drop to 12 cents and he dare not average down.

The last time his punya pasar malam TA reader told him jaks 18 floor is the bottom floor so he all in from 18 till 24 and trapped himself for more than a year despite promoting jaks day and night 24/7/365 non stop

This time his TA told him: 👉Haha at Least from RM 0.185 Up to RM 0.225 within 2 month , then From RM 0.195 Up to RM 0.245 in 2 months …

This time round is he trying to dump his share at RM 0.245?
Any volunteer to be his suiyee sucker billis?

Jaks has cashflow problem and now can only get cash from either PP or RI for bank repayment and working capital.
So where jaks going to get the money to undertake any project?
Meanwhile LTIP coming to reward ALP for signing MOU

The question why AAX can ball squessing lessors but capA can't and going to squeeze dry by lessors?

The Group currently has approximately 30 lessors. As part of our restructuring exercise, AirAsia successfully restructured USD688 million of arrears by extending leases to 18 years. With this extension, AirAsia had received an average lease reduction of 9%.

Lessors sure love capA when planes grounded for almost more than 2 years lessors still get their lease payment with only 9% haircut unlike AAX big haircut of paying 0.5 sen for every Ringgit owed.

By the.way auditor has answered below on lease liabilities:

Question 5: External Auditor what it means by included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million?

Answer: This pertains to the outstanding amounts of lease rental due and payable owing to the lessors that remained unsettled as at 31 December 2023

Question 9: External Auditor, from Sales in advance: RM 2,025,298,000, Proceeds from borrowings: RM 1,273,030,000 yet the Group only managed payment of lease liabilities: RM 2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM 4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?

Answer: For the due and payable lease payments for FY2022 and prior year, the amount is recorded within trade and other payables in FY2023

Am I right to say the going concern of capA is now at the mercy/pleasure of lessors?
What hope does capA has when lessors are squessing Stony' ball for all its worth/juice?

Do you think flexibly or critically before you make a decision?

Critical thinking is the analysis of available facts, evidence, observations, and arguments in order to form a judgement by the application of rational, skeptical, and unbiased analyses and evaluation.

Know what is the current lease liabilities and current trade & other payables in the Balance sheet of capA as at 31/03/2024?

Repost from jaks forum
Jaks is badly managed company with Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon.

Come Q4 will be another big impairment losses on trade and other receivables. So remember to sell before Q4 result out.

Jaks was and still a pump and dump stock during KYY time till......
At least KYY pump to get a good PP price for jaks but nowaday only dump for PP subscribers to buy low and then pump for PP subscribers to sell their PP share high.

Anyway with NOSH: 2,607 Million and growing every year.
How high can syndicate pump?

My take on Jaks' FA and TA
Jaks FA all this while is very bad with cash flow problem make worst by incompetent management losing money non-stop in every project undertake in Malaysia and non-end yearly impairment loss on receivables (except Vietnam JHDP JV).

As of TA, it depend on how insiders and syndicate want to play the pump and dump game. So make sure you are not the one holding the dead cat when the music/pumping stop.

With almost the same passagers carried and load factor as 1st quarter end 31/3/2024.
What make you think Q2 end 31/6/24 will be a good quarter when Q1 is a lose making quarter?

Spend so much money in LSS4 and what jaks can show is PPE and miserable revenue of RM 5.3 million and PBT of RM 0.96 million for quarter end 31/3/2024.
Will LSS4 be lose making during raining season?

Following the successful completion and achievement of commercial operations date for the 50MW solar photovoltaic project under the Large-Scale Solar (“LSS”) 4 Programme in August 2023, the Power-Energy division commenced its businessoperations of generation and delivery of renewable energy to Tenaga Nasional Berhad (“TNB”) under the Power Purchase Agreement with TNB. Revenue contribution of RM5.3 million was recognised from this division for the first quarter
of 2024. With higher revenue achieved, this division achieved a profit before tax of RM0.96 million in the current quarter

By the way since this is BOT or a concession asset at the end of concession the value of JV will be Zero

Know what is equity accounting?
It take a policy change, turbine, boiler crack, transformer fire and etc to massively write off assets of JHDP.

The going concern of capA is now at the mercy/pleasure of lessors.
What hope does capA has when lessors are squessing Stony' ball for all its worth/juice?

By the way I subscribed fully with addition 10% for Insas RI of Insas-PB with free Insas-WC.

I make a handsome gain from my free Insas-WC

Bursa should not allow IBs to issue call or put structure warrants for a simple reason these warrants did not contribue to economic growth and it is a form of gambling and IBs is in conflict of interest.

Warrants should only be issued by listed companies during cash call RI with sweetener free warrant.

The RCPS is part of payment for acquisition. The RCPS holders just need to surrender 5 RCPS for 1 KPPROP share.

Acquisition of subsidiaries
The Company had, on 9 August 2019, announced the following acquisitions and transactions that were approved by the shareholders in the Extraordinary General Meeting held on 23 December 2019:-
i) Acquisition of the entire equity interest in Aeon Frontier Sdn. Bhd. (“AFSB”) for a purchase consideration of RM33,473,902 (“AFSB Acquisition”) which was satisfied via the issuance of 196,905,307 shares in the Company (“Company Shares”) at an issue price of RM0.17 per Company share;

ii) Acquisition of the entire equity interest in Kerjaya Property Sdn. Bhd. (formerly known as Kerjaya Prospek Property Sdn. Bhd.) (“KPSB”) for a purchase consideration of RM367,590,902 (“KPSB Acquisition”) of which RM100,000,000 was satisfied via cash and RM267,590,902 which was
satisfied via the issuance of 1,574,064,127 redeemable convertible preference shares in the Company (“Company RCPS”) at an issue price of RM0.17 per Company RCPS;

iii) Acquisition of the entire equity interest inKerjaya Hotel Sdn.Bhd. (“KHSB”) for a purchase consideration of RM270,978,389 (“KHSB Acquisition”) which was satisfied via the issuance of 1,593,990,524
Company RCPS at an issue price of RM0.17 per Company RCPS;
(Collectively, i), ii) and iii) above are referred to as the“Acquisitions”)

Monday, 22 Jul 2024

PETALING JAYA: After enduring repeated delays of his AirAsia flight from Kota Kinabalu to Sandakan, MCA president Datuk Seri Dr Wee Ka Siong (pic) took the low-cost carrier to task and called for transparency.

“Something very unfortunate happened. I was initially supposed to fly at 3.10pm on Saturday before receiving a notice that it would be delayed to 5.55pm the same day, then to 11.30pm.

“Another notice came, saying that the flight would be delayed to 2.10am on Sunday,” the Ayer Hitam MP recounted in a video uploaded to his Facebook page yesterday.

He added that he later received yet another notice about the changed flight time to 1am on Sunday instead, but when he arrived at the counter, the former transport minister was told that the flight was grounded and its status would only be known at 7am that day.

“Why didn’t you inform us earlier? I even rented a room nearby for some rest owing to the delay and had already checked out as well.

“Tell me what is going on so I can plan my route to Sandakan, instead of letting us just wait around here like fools,” said a visibly upset Dr Wee.

He also stressed the need to be transparent over the flight’s status

A joke about Man's Lifespan.
Luckily I am at the age where I start to spend my children' future money.

God created the donkey and said: "you will work tireless from sun up to sun down, carrying heavy bags on your back, you'll eat grass, you will not have intelligence and you will live 50 years. You will be an DONKEY!" The donkey answered:"I'll be a donkey, but living 50 years is too much, give me only 20 years." And God gave him 20 years.

God created the dog and said: "You will look after the men house, you will be his best friend, you will eat whatever they give you and you will live 25 years. You will be a DOG!" The dog answered: "God, living 25 years is too much, give only 10. " God gave him 10 years.

God created the monkey and said: "You will jump from brach to branch, you will do silly things, you will be amusing and you will live 20 years." The monkey answered: "God, living 20 years is too much, give me only 10 years." And God agreed.

Finally, God created man, and told him: "You will be Man, the only rational being on this earth, you will use your intelligence to control other animals, you will dominate the world and you will live for 20 years. "The man answered: "God, I'll be man, but living 20 years is not enough, why don't you give me the 30 years that the donkey refused, the 20 years that the dog did not want and the 10 years that the monkey refused. " That was what God did.

Since then, Man live 20 years like a man, then he enters adulthood and spends 30 years like a donkey, working and carrying the load on his back, then when his children leave home, spends 15 years like a dog, looking after the house and eating whatever is given to him, then he gets into retirement, and spends 10 years like a monkey, jumping from house to house or from children to children, doing silly things to amuse the grandchildren. !!

Good morning my good friend Balian de Ibelin,
Thank you for reminding me to write a will to gift million of delisted Xingquan shares in my CDS account.

If next two qarters q to q earning drop what will be the price TP after CNY?

Growth you must be joking.
Revenue drop so much and I wonder whether revenue can cover the working capital?
Next year, what say you another PP or RI?

A well managed company is measured by gearing ratio?
And not by Earning, ROE, Cashflow, Dividend and etc?

"When the UITM student union came out protesting the entry of non-Malays and/or non-Sabah/Sarawak natives who are Malaysians into UITM, it was shocking where did these young people develop such racist beliefs,” observed Hector.

They are the top Malay and Native Sabah/Sarawak students yet they are so narrow-minded and racist. Whose faults?

By the way since when did I promote Omesti?
I just trade some Omesti-PB for my free bintang beer unlike Nike-tikus promote Jaks day and night 24/7/365 non-stop to no avail.

Repost:
Jaks is badly managed company with Total receivables impairment for the last 5 years amounted to RM167 million and reversal of impairment amounted to RM13.6 million make up total net impairment of RM153.5 millon.

Come Q4 will be another big impairment losses on trade and other receivables. So remember to sell before Q4 result out.

Jaks was and still a pump and dump stock during KYY time till......
At least KYY pump to get a good PP price for jaks but nowaday only dump for PP subscribers to buy low and then pump for PP subscribers to sell their PP share high.

Anyway with NOSH: 2,607 Million and growing every year.
How high can syndicate pump?

Do you know the medium of instruction in UITM is English?

Good morning,
I just like to share my thought, not only warrants got expiry date but so are many stocks that get themselve delisted and also every living thing got their expiry date.

So how and what you want to do with your life time before expire date?