Agreed with ular.
Better take some profit and move to Philip punya Yinson.

Shoild take some profit on YTL and move some money to Yinson🤑

1. Rule No.1 - never lose money by investing in stock promoted by snake oil saleman aka conman Mike-tikus day and night 24/7/365 with fake/misinformation/misleading FA and TA
2. Rule No.2 - don't forget rule No. 1

Wonder not, because leno say insas RM 60 kambiiiiing hence why want to sell at RM 1.30+?

Timing beside on stock price you need to look into the micro and macro conditions that will affect the earning of that stock.
Sell if earning will drop and buy back when the earning will increase

And if that stock earning will depend on commodities price then monitor the commodities price trend
https://tradingeconomics.com/commodities

WellnessAntiCancer Investing successfully is a lonely road.
If someone follows the crowd, then the performance is average with them.
You have to be right when you invest and wait ALONE. - Howard Marks,CEO Oakstree, Top Tier Fund manager, >50 years.
04/04/2024 12:17 PM

Sslee Investing is not a lonely road unless you are Mr.Looooong Philip.
You can put 20% of your money into trading and have fun.
04/04/2024 12:29 PM

Sslee It will be lonely and boring if you like watching paint dry, like Philip or 3iii who insist his way is the only right way in investment.

So have fun and do some trading but never be like Mike-tikus trapped himself at jaks floor 19.

Know the business and the commodities price trend and you will be suprised it is not hard to trade an up trend stock for a reasonable profit.

TheContrarian is the master in trading undervalued stocks.
04/04/2024 12:41 PM

Mr Lee Soon Sheng, a shareholder mentioned that he intends to mobilize not less than 50 shareholders to send in requisition to move and vote on resolution requiring special notice under Section 322 of the Companies Act 2016 at the 57th AGM of INSAS :
To approve share distribution on the basis of one (1) Inari Amertron Berhad (“INARI”) (Company
No. 1000809-U) share for every two (2) existing ordinary INSAS shares of RM1.00 held in the Company.

His reasons for doing so are:
(a) To boost the INSAS share market price above RM1.00 so that warrant holders have the opportunity to convert their warrant with payment of RM1.00 into INSAS share
and at the same time receive the INARI share distribution rather than total losses if warrants expired on 25/2/2020 out of money. By so doing INSAS will receive RM265,202,536 and can utilize half of the sum to redeem the RPS.

(b) Reward the existing shareholders by distributing the INARI share to them and make it less tempting for big shark to make a hostile take-over.
Will the Board support the resolution? If NO what are the reasons for rejecting the resolution?

Board answer:

Based on the current depressed market conditions, the Board will not support such resolution as the Board believes that the distribution of INARI shares by way of dividend in specie or otherwise to all INSAS shareholders is not in the best interest of the Company.
Reasons (amongst others):
(a) for prudent management, INSAS needs to retain adequate reserves to weather any potential unforeseen deterioration in the market conditions, and to position the Group for future growth and any good investment opportunities which may arise during this downturn;

(b) pursuant to the Companies Act 2016, a company may only make a distribution to the shareholders out of profits of the company available. As of 30 June 2018, the available profit of the Company is RM22.0 million only; and the priority of the Board is to retain sufficient available profit to redeem the RM132.6 million RPS which are due to mature in February 2020;

(c) INSAS has more than 26,000 registered shareholders and the share distribution will create a large free float of INARI shares in the market, and the increased liquidity will likely depress further the market price of INARI; and

(d) INARI contributes a significant annual equity profit and cash dividends to INSAS.

It will be lonely and boring if you like watching paint dry, like Philip or 3iii who insist his way is the only right way in investment.

So have fun and do some trading but never be like Mike-tikus trapped himself at jaks floor 19.

Know the business and the commodities price trend and you will be suprised it is not hard to trade an up trend stock for a reasonable profit.

TheContrarian is the master in trading undervalued stocks.

Investing is not a lonely road unless you are Mr.Looooong Philip.
You can put 20% of your money into trading and have fun.

I wrote in my 2013 New Year Sharing: Have you ever wondered what life is about?
I recalled watching a TV program: The Journey of Civilization. The guest speaker said,

“From Confucianism, (Ruler has ruler responsibility, subject has subject responsibility, father has father responsibility, and son has son responsibility.) I learn to take on responsibility. (拿得起)

From Buddhism, (Things are in flux never still. It’s begins from emptiness, will end in emptiness and reemerge from emptiness. Life is cycles of birth and death until Enlightenment and Nirvana.) I learn when to relinquish my responsibility and let other take over. (放得下)

From Taoism, (Heaven and Earth are one. Nature and Man are one.) I learn to live with nature, at peace and at ease with myself and others.” (看得开)
How beautifully and elegantly this speaker summary what life is about?

As Chinese Malaysian we were brought up with the influence of Confucianism, Buddhism and Taoism which are more about philosophy, spirituality, way of life and tradition belief/practices than religion.

https://en.wikipedia.org/wiki/Buddhism
https://en.wikipedia.org/wiki/Taoism
https://en.wikipedia.org/wiki/Confucianism

https://klse.i3investor.com/blogs/Sslee_blog/2020-02-18-story-h1483850146-SC_wants_you_to_participate_effectively_at_an_Annual_General_Meeting.jsp

SC wants you to participate effectively at an Annual General Meeting
Author: Sslee | Publish date: Tue, 18 Feb 2020, 12:42 PM

https://klse.i3investor.com/blogs/Sslee_blog/2018-08-25-story171152-Why_you_should_attend_annual_general_meetings_if_you_re_an_investor.jsp
Why you should attend annual general meetings if you’re an investor
Author: Sslee | Publish date: Sat, 25 Aug 2018, 10:06 PM

After we sign the S&P, we have to get shareholders’ approval, which will take a couple of months, and then court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity.

Will AAX price fall into penny stock then when the court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity?

Anyone can make a checking with CTOS what is the credit rating of Jaks and ALP?

Is Mike-tikus does not know or he pretend that he does not know his day and night promoting jaks 24/7/365 non stop is aka to snake oil saleman or conman trying to sell something he bought high and trying to sell higher to suiyee sucker billis?

Mike TA say jaks floor 19 is the ground floor so trapped himself at floor 19 and can't walk out.
If jaks default on bank borrowing payment then it will be a PN17 company and became really penny stock and Mike-tikus can then easily jump from floor 1 to .............

By thevway this year so far my dividend reveived already 90+K.
Month end another dividend from KPS and next month from OSK and MHC.
Mike-tikus don't get envy ya!

Mike-tikus what is your book lose in jaks? No more boasting 1 sen up is 6 digits gain🥲😱

Repost:
Dumbass Mike-tikus below how M&A report its Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income for the Quarter Ended 31 December 2023.
So go and figure out how Insas consolidate the M&A account ? And what are Other Operating Expense RM (12,173,000) and Other Operating Income RM 5,728,000 ?

Quarter Ended
31/12/2023
RM'000
Revenue 13,173
Cost of Sales 3
Other Operating Expense (12,173)
Other Operating Income 5,728
Profit from Operations 6,731

Jtiasa pay two dividend per year.
One in April and another in Sept

Yesterday my jayatiasa dividend RM 22.5K already in the bank.
Leno invest in Insas-WC no dividend income and against Insas increase the dividend payment.

Luckily I bought more jtiasa

The question is not when but will there be more PP and RI coming till 2030?

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:

No.
Bursa has listing rule and regulation.

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.

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?

Maybe a special dividend of 30 sen pay from the accumulate profit.

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.

Malaysia kick Singapore out because Singapore have nothing unlike Sabah and Sarawak big land and full with natural resources.

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

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

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.

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

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.

Cocoa bean is the raw material.
The products are the refined cocoa butter and cocoa powder.

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?

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。”

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.

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

It is not about whether the story is true or not, it is all about human kindness, compassion and intention.

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

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

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.

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.

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

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?

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

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

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)

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.