You should concentrate of what will be the earnimg moving forward and not what others are doing/saying or ???????

For jayatiasa just pure simple: FFB, CPO and PK production are reported every month and CPO and PK price spot price and month average you can get it from MPOB report.

What more do you need.
By the way price will follow earning

Why down? Can it be:

Source : MIDF
Stock : CAPITALA Price Target : 0.99 | Price Call : HOLD
Last Price : 1.00 | Upside/Downside : -0.01 (1.00%)

KEY INVESTMENT HIGHLIGHTS
3QFY24 posted an unexpected loss
77% fleet utilisation drove 81% seat capacity recovery
ADE's profitability hit by startup costs
Downward earnings revision between -39% to -214%
Downgrade to NEUTRAL with a revised TP of RM0.99

Below expectations. Capital A Berhad (Capital A) reported a 3QFY24 core LATAMI of -RM545.7m, bringing cumulative 9MFY24 core losses to -RM324.7m after excluding forex gains and one-off items. This fell below our and consensus expectations, which had anticipated a full-year profit, primarily due to higher-than-expected operating expenses (opex) and weaker contributions from non-aviation entities.

Palmatic acid is mixed with milk cow feed as bypass fat to stimulate milk production.

So Saturday or Sunday the government will announce the LSS5 successful bidders?

No worry Q4 will be a loss quarter as usual due to impairment on contract assets and receivables.

I am telling the truth and if the truth hurt so be it.

Anyhow to those traders good luck.

Jayatiasa is now in net cash position whereas capA is sinkimg into more debts.

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)

Know what the diffrent between jayatiasa and CapA depreciation , armotization?

Jaya Tiasa used the depreciation , armotization of assets for repayment of borrowing

Whereas capA depreciation , armotization of ROU assets and lease liabilities financial cost is used to pay lease payment due to lessors.

Did somone know he is the one that toxic all the i3 forum?

9 months ended 30/9/2024
RM '000
Cash generated ftom 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)

Share of profit from JV/associate company is just a book keeping profit and do not contribute to cash inflow.

Only dividend given by JV/associate company is cash inflow.
9 months ended 30 Sept 2024
Dividend received from JV company RM 14,207,000

Someone need to pray very hard that jaks will receive another dividend from JV in Q4 ended 31 Dec 2024 or else no money to pay salarly.

When you earned in RM but borrowings/debts/payment in USD.
Then USD strengthen you need more RM to pay borrowings/interest/debts/payment and your borrowings/debts become more in RM term.

But when RM strengthen then you need less RM to pay borrowings/interest/debts/payment and unrealized FX gain as your borrowing/debts become less in RM.
You only realized the gain if you settle all you borrowings/debts

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

Unrealised FX gain - every listed company with USD borrowings/debts/liabilities will have FX gain due to strong RM as at 30/9/24.

However 50% of the unrealised gain is given back by 27/11/24 due to weakening RM

Very unusual Jaks did not report foreign exchange loss on JV foreign asset

Unrealised FX loss - no choice, every listed company with foreign funds & foreign investments are badly hit due to strong RM as at 30/9/24.

However 50% of the unrealised losses have been recovered by 27/11/24

@investor77 send out below email this afternoon.
So far not yet received any reply.

Dear IR,

I’m glad to read from Bursa announcement Jaya Tiasa AGM was successfully concluded with all the resolution accepted.

May I know had The BOD make any decision on my appeal to bring forward the March 2025 interim dividend to this year in order to avoid paying dividend tax of 2% next year?

Will I be receiving a copy of answers to my AGM questions sent in advance?

Or the answers will be published at Jaya Tiasa website as AGM minutes?

Thank you

Have a good day

Best Regards,
Lee Soon Sheng

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.

Question: Can aviation generate enough operating cashflow for the next 12 months to services lease payment due within 12 months of RM 5 billion?

With EBITDA of RM 639,817,000 can't even cover the lease payment and finance cost.

Foreign exchange gain/(loss)
Realized RM 74.8 million
Unrealized : RM 2,195 million

So if you have USD (debts + lease liabilities+Aircraft maintenance) of RM equilvalent 22 billion, a 10% appreciation of RM against USD will result in RM 2 billion unrealized Foreign exchange gain.

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 stay afloat.

The net current liabilities RM (11,237,082,000) can Stony magic create money from thin air to settle the net current liabilities in 12 months time?

Cash and Cash Equivalents
Cash and cash equivalents included in the cash flow statements comprise the following balance sheet amounts.
Current Year Preceding Year
9 Months 9 Months
ended ended
30-Sep-2024 30-Sep-2023
RM'000 RM'000

Deposits placed with licensed banks 12,079 34,404
Cash & bank balances 23,818 36,808
Bank overdrafts (5,891) (5,963)
30,006 65,249
Less : Deposit held as security values (12,079) (34,404)
Bank balance held as security values (5,585) (214)
Debt service reserves account (8,364) (11,240)
3,978 19,391


Jaks only balance available cash as at 30-Sept 2024 RM 3,978,000
Enough to pay salarly for the next 3 months or not?

Other income: RM'000
Year ended June: 2024 to 2019
110,809 : 92,97: 100,937: 204,636: 57,221: 83,273

Someone forget to put in other operatimg incomes.
Know how much other operating incomes for year 2019 to 2024?

Very simple if you think Insas no hope just sell the share and don't look back but if you think BOD no hope then you are welcome to take over Insas.

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.

Unrealised FX loss - no choice, every listed company with foreign funds & foreign investments are badly hit due to strong RM as at 30/9/24.

50% of the unrealised losses have been recovered by 27/11/24

Send below email to Jaya Tiasa IR last night
Dear IR.

I would not be able to attend the Jaya Tiasa AGM in person tomorrow as I had work commitments. Here I would like to thanks BOD and Management team for another very good set of positive results for Quarter 1 ended 30th Sept 2024: EBITDA RM 146.527 million, PBT RM 101.351 million, PAT RM 72.391 million (EPS 7.47 cent)

Please allow me to appeal to BOD to bring forward the March 2025 interim dividend to this year in order to avoid paying dividend tax of 2% next year.

I believe the major shareholder will also agreed to such arrangement

Thank you

Have a smooth AGM meeting tomorrow

Best Regards
Lee Soon Sheng

A very high CPO price will cause world inflation as many products:
Home care, personal care, health care, health supplement, cosmetic, bakery, confectionery, creamer, ice-cream, snack food, pet food, sauce, animal feed and thus diary, plastic, rubber and etc contain or make from palm and palm derivatives.

Biodiesel is a loss making business. Indonesia governmemt used palm oil export lavy and duty to support biodiesel.

Indonesia government B40 is to take up excess palm oil from market to support price. So please forget about B100 or palm oil at RM 8000.

If market is short of palm oil, Indonesia government as a responsible government should and will reduce the biodiesel blending mandate.

Another 2 days to Jaks Q3 ended Sept 2024 result.

Let guess:
Construction: Sure loss making
Property Investment: Also loss making
Power Energy: Most likely loss making due to too many rainy days
Investment Holding: Loss making
JV: Share of profit but suffered foreign exchage book losses

Anyone attending Jaya Tiasa AGM tomorrow, kindly persuade the BOD to bring forward interim dividend to this year in order to avoid the 2% dividend tax next year.

Ann. Date Ex Date Payment Date Type Subject Amount View
27-Nov-2024 11-Dec-2024 31-Dec-2024 DIVIDEND Interim Dividend RM 0.0250 Dividend Detail

Not a bad result:
The unrealised foreign exchange loss of -RM25.9 million are basically net financial assets in foreign currency.

Foreign currency exchange risk (cont’d)
The net unhedged financial assets and liabilities of the Group and of the Company that are not denominated in their respective functional currencies are as follows:-
US Singapore Sterling Australian Hong Kong Other
Dollar Dollar Euro Pound Dollar Dollar currencies Total
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000
2024
Net financial assets/(liabilities) 213,047 148,400 (9,493) 58,079 40,138 58,600 12,163 520,934


Investment holding and trading division
The investment unit reported higher revenue of RM26.2 million in Q1/2025 mainly due to higher trading activities as compared to revenue of RM18.2 million in Q1/2024.

The unit reported a pre-tax loss of -RM6.1 million in Q1/2025 as compared to a pre-tax profit of RM0.9 million in Q1/2024 mainly due to unrealised foreign exchange loss of -RM25.9 million in Q1/2025 (Q1/2024: -RM1.1 million) and partially set off against unrealised gain on fair value changes of financial assets at fair value through profit or loss (“FAFVTPL”) of RM18.9 million in
Q1/2025 (Q1/2024: unrealised loss on fair value changes of FAFVTPL of -RM1.2 million).

Jayatiasa quarter end 30 Sept 2024
CPO ASP RM 3935
PK ASP RM 2452

Moving forward:
Oct 2024
CPO ASP abt 4387
PK ASP abt RM 2770

Nov 2014
CPO ASP so far abt RM 4900
PK ASP so far abt 3500

So if CPO and PK ASP can maintain at this elevated price what will be Jayatiasa quarter ended 31/12/2024 result?

We will find out end Feb 2025.

So did that someone also trapped himself at Insas when I sold most of my insas at RM 1.20+?

Aiyoyo my fault again trapped someone at 44 floor HRC and then trapped that same person again at jaks 24 floor.

👍👍👍

The fear of missing out, or FOMO had resulted in many or even government to invest heavily on AI DC. But ultimately who will be the end customers that will pay for the cost of AI DC?

We get paid not for jumping over seven-foot bars, but for stepping over one-foot bars.- Warren Buffett

3iii and Warren is right. Investment should be "KISS" and not about jumping over the seven-foot bars.

Jaks
Trade and Other Payables 457,827,000

As developer of Pacific star jaks still owed a lot of money to contractors as payables.
As contractor for JHDP, jaks still got a lot of receivables/rentention momey that JHDP refuse to pay.

Do someone understand what the different between depreciation and impairment of assets?

Do someone know jaks got cash flow problem and thus very much depend on yearly either PP or RI for working capital and loans repayment?

Also do someone know why jaks come Q4 sure got impairment of receivables? And why jaks never take any legal action to recover the receivables?

Do you know jaks got cash flow problem and thus very much depend on yearly either PP or RI for working capital and loans repayment?

Also do you know why jaks come Q4 sure got impairment of receivables? And why jaks never take any legal action to recover the receivables?

Know what is total assets, total liabilities, net assets and Depreciation and amortisation?

RM'000
Dividend paid (34,129)

Jaya Tiasa quarter ended Sept 2024:
Revenue RM 271,658,000
PBT RM 101,351,000
PAT RM 72,391,000
Oil palm EBITDA RM 147,470,000

I expect a higher revenue of 300+ million but Jayatiasa keep it as inventories
30/09/2024 30/06/2024
RM'000 RM'000
Inventories 106,615 48,662

Next quarter will be even much better due to elevate CPO price and if I am not mistaken inventories are recorded at cost or market price whichever is lower

RM'000
Cash and cash equivalents 228,489
Current Liabilities
Loans and borrowings 58,830
Non-current Liabilities -
Loans and borrowings 62,462

I bought all the way up form 0.5 up to 1+ and my current cost is about slightly above RM1.

Jaya Tiasa quarter ended Sept 2024:
Revenue RM 271,658,000
PBT RM 101,351,000
PAT RM 72,391,000
Oil palm EBITDA RM 147,470,000

I expect a higher revenue of 300+ million but Jayatiasa keep it as inventories
30/09/2024 30/06/2024
RM'000 RM'000
Inventories 106,615 48,662

Next quarter will be even much better due to elevate CPO price and if I am not mistaken inventories are recorded at cost or market price whichever is lower.

Most likely quarter ended Sept will be out by tomorrow.
One more day to buy at discount price.

Philip likes Yinson for it future cash flow and earning growth. But O&G is a very dangerous industry where an accident can destroyed the whole assets.

Recently I have a fire accident that luckily only destroyed the standby cooling tower.

Next year kraken fixed rate expired on 1 April 2025 and the option rate is 75% discount to current fixed rate

Rockefeller, aged 86, wrote the following words to sum up his life:[154]

I was early taught to work as well as play,
My life has been one long, happy holiday;
Full of work and full of play—
I dropped the worry on the way—
And God was good to me everyday.

As of his jaks if only he told everyone early that he is voting down two of the independant directors to vote in his nominees, most likely every AGM attending shareholders will support him and Jaks will has different ending.

Life has a time span. So make the best of that timeframe to acheive something worthwhile.

You need luck and skill to be successful in stock market but no matter how good you are or how good a company can be, when world recession kick in every stock will meltdown to less than half it value.

KYY lost 90% of his wealth holding dayang too long with margin finance.
Hence margin finance is a two way sword, its cut both way.