Thailand AA and Indonesia AA with load factor of 90% and 89% still a lose making q3.

Most likely capA q3 is a lose making quarter.
Mike-tikus any prediction on CapA q3 financial result?

Winter is coming and beware of winter flu.

What is winter flu?
Seasonal influenza (the flu) is an acute respiratory infection caused by influenza viruses. It is common in all parts of the world. Most people recover without treatment. Influenza spreads easily between people when they cough or sneeze.


23 Nov 2023
Updated:
3 hours ago
Chinese officials say they have not detected any “unusual or novel diseases” in the country, the World Health Organization has said, after the UN health agency made an official request for information about an outbreak of a mysterious pneumonia in northern China mostly affecting children.

China has been experiencing an increase in cases of influenza-like illnesses compared with the same period in the previous three years when strict measures were in force as part of its zero-COVID strategy.

Thailand AA and Indonesia AA with load factor of 90% and 89% still a lose making q3.

Most likely capA q3 is a lose making quarter.
@geary any prediction on CapA q3 financial result?

No need to cover because Jaks is well know for yearly PP or RI at lower and lower price.

Posted by Aldous47 > Nov 23, 2023 12:55 PM | Report Abuse
The question is when they will cover the short position of Jaks.

Maybe shortist know another RI coming at 12 cents?

S P Setia also announced it is selling a freehold plot in Setia City, Selangor, for RM228.8 million, cash.

It is selling the 17.99-acre plot to a subsidiary of KSL Holdings Bhd as part of its strategic plan to monetise some of its identified land banks, especially those not planned for immediate development. The sale is conditional upon KSL obtaining approval from the Economic Planning Unit for the transaction.

Sometime I just wonder did IBs analyst really qualified in reading and understanding financial report?

Petronm Q3 EPS is 30.33 sen and price RM 4.64
Petdag Q3 EPS is 18.60 sen and price RM 22.86

KYY formula EPS X 4 X PE 10.

Can anyone share what is Maybank IB Research aviation analyst Samuel Yin Shao Yang new forecast on core net profit for FY 2023 and FY 2024 to come out with reaffirmed a "buy" call on AAX with a lower target price of RM3.40 (previously RM3.56)?

Previously: In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.

He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.
Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.

https://id.tradingview.com/symbols/NYMEX-AKS1%21/

You can monitor above link for SINGAPORE JET KEROSENE (PLATTS) FUTURES

AKS1!NYMEX

Pasar buka
107.395USDD
+0.039
+0.04%

TAAX recorded a net proft of RM749.17 million in the current quarter. As at 30 September 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 million. In accordance to MFRS 128, any profits will only be recognised when its shares of the profits equals the share of losses previously not recognised.

Did maybank analyst know that TAAX need to acheive another net profit of RM 140.28/0.49 = RM 286.28 million to clear the balance Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 million before any share of TAAX profit?

Note: TAAX 9 months end 30/9/2023
RM '000
operating profit: 57,321
Foreign exchange loss: (181,339)
Other gains: 893,351
Profit before taxation: 769,333

Other gains is a one off debts restructure gain.

Agreed with i3lurker.

Posted by i3lurker > Nov 22, 2023 2:47 PM | Report Abuse
It is just another gambling counter.
A poor choice of gambling counter

Yes Stony overcharged AAX, JV partners: AA Phillipine, AA Thailand, AA Indonesia, AA Japan and AA India (profit transfer from JV to capA) to pay dividend to capA shareholders mostly to himself.

Stony is now trying to do the same profit transfer from CapA aviation to Capital A International shall be made up of Brand AA Sdn Bhd and Fleet Consolidated Pte Ltd
Both Brand AA and Fleet Consolidated are newly formed subsidiaries and do not have any revenue.

Brand AA is a brand management company. It is the registered proprietor for all the rights under the AirAsia brand.
Under a master brand licensing agreement dated May 31 this year, Brand AA has the right to collect royalty fees from AirAsia Aviation Group Ltd, Capital A’s aviation division.

Fleet Consolidated, meanwhile, will primarily be responsible for the procurement and delivery of the requisite aircraft for the aviation group based on the agreed allocation plan.

By the way what is debt of RM 40 million in 2001 compare to what Stony facing now?

As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)
Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)

Capital A’s aviation is still lose making
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents

Posted by Mabel > Nov 23, 2023 9:30 AM | Report Abuse
https://theedgemalaysia.com/node/690869

Quote; "Our Magician Fernandes had said the investment holding group, which is involved in aviation, logistics, lifestyle and financial services ventures, planned to submit its finalised regularisation plan to Bursa Malaysia as early as February.

“We can be out of PN17 status, definitely this year, and I hope much earlier than that. All of the consultants are now going through all the work,” he had said at an event in January this year." unquote

So did Stony submitted any finalised regularisation plan to Bursa Malaysia as early as February?

And how to “We can be out of PN17 status, definitely this year" when the PN17 regularisation plan has been postpone for the third time from Jan 2023 to July 2023 to Oct 2023 and now to 31th Dec 2023?

And still Mabel believe Stony word? How many more time do you want to believe Stony?

Send out:

Dear Insas’ Company Secretaries,
Please forward my additional AGM questions to Insas’ Chairperson

Chairperson Y.A.M. Tengku Puteri Seri Kemala Tengku Hajjah Aishah Binti Almarhum Sultan Haji Ahmad Shah, DK(II), SIMP (“Y.A.M. Tengku Aishah”),

Referring to my send in advance AGM questions dated 6 Nov 2023. I send these questions asking The Board on the following:
- Give a fairer, equitable and better yearly dividend
- Distribute portion of the retained earnings to shareholders in the form of special dividend
- Implement a dividend policy to proactively narrow the gap between Insas’ share price and Insas’ Net Assets Per-Share of RM 3.53 as at 30/6/2023
- Will Y.A.M. Tengku Aishah, Dato’ Wong and Dato’ Dr Tan please kindly give support to Insas by buying more Insas shares from the open market since all of you are not persons acting in concert (“PAC”) with Dato’ Sri Thong Kok Khee?

I am hopeful that my questions will be brought to BOD for discussion during the Board meeting on the quarter ended 30 Sept 2023 financial result and BOD will consider doing what is right and fair to reward the shareholders.

I am very sad and disappointed that BOD only gave a mere dividend of 2.5 cents despite my fair and reasonable reasoning for a fairer/better dividend and moreover as at 30/9/2023
Cash and bank balances: RM 154,302,000
Deposits with licensed banks and financial institution: RM 938,066,000
Total: RM 1,092,367,000
Less:
Cash and bank balances pledged: RM (2,205,000)
Fixed deposits pledged: RM (231,576,000)
Unpledged cash and cash equivalents: RM 858,586,000
Surely the company is more than capable to give a fairer, equitable and better yearly dividend and not this mere 2.5 cents dividend amount to RM 16,575,549

My additional AGM questions to Chairperson Y.A.M. Tengku Aishah:

Question 1: Since the Chairperson is primarily responsible to provide leadership at Board level and represents the Board to the shareholders. Will Y.A.M. Tengku Aishah provided the needed leadership to the Board and for the best interest of shareholders and company revised the dividend amount, give a special dividend and formulate a dividend policy?

Question 2: Is the current BOD free to make decisions on dividend, special dividend and dividend policy or is BOD still taking instruction from controlling shareholder Dato’ Sri Thong Kok Khee?

Question 3: If the current BOD lead by Chairperson Y.A.M. Tengku Aishah is free to make decisions on dividend, special dividend and dividend policy then will BOD please decides on the spot at this AGM to revise the dividend amount, give a special dividend and formulate a dividend policy?


Thank you
Have a good day

Yours sincerely,
Lee Soon Sheng

Repost:
AAX q3 Average fuel price (USD/Barrel) 113
CapA q2 Average fuel price (USD/Barrel) 104

What will be CapA q3 Average fuel price (USD/Barrel)?
And capital A’s aviation q3 will lose how many millions?

Note: Capital A’s aviation q2 is lose making:
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents

Repost:
CapA and AAX most likely 1 day show to trap more suiyee at higher price.

Wait till capA bad q3 result out and Stony unable to submit PN17 regularisation plan by 31th Dec 2023 to see how the market will react.

CapA and AAX most likely 1 day show to trap more suiyee at higher price.

Wait till capA bad q3 result out and Stony unable to submit PN17 regularisation plan by 31th Dec 2023 to see how the market will react.

I have tried very hard from 2018 till 2023 to get a fairer and better dividend and it seem I had failed.
What else can I do? Any suggestion?

Agree with Tatooine,
It is unacceptable to give only a mere 2.5 cents dividend while:
Deposits with licensed banks and financial institutions RM 938,066,000
Cash and bank balances RM 154,302,000

Mike-tikus,
Insas still hold 537,008,575 inari share (associate company)
Inari Q3 EPS 2.27 cents and dividend 2.2 cents.
So what will be Insas q3 share of profit and dividend from associate company Inari?

What will be Jaks Q3 share of profit and dividend from JV JHDP?

This is what Warren Buffett said about airline business: Demand for capital is insatiable.

The airline industry's demand for capital ever since that first flight has been insatiable. Investors have poured money into a bottomless pit, attracted by growth when they should have been repelled by it.

I3lurker,
Remember to share Maybank analyst report when it is available.
By the way can anyone claim losses from Maybank analyst for his wrong forecast?

In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.

He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.
Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.

And CapA will not be able to submit PN17 regularisation plan before or on 31th Dec 2023. Another request for extension again.

Wait until you see what is capA q3 result. Will be a lose making quarter.

And this is what Maybank analyst forcast on July 27.

In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.

He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.
Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.

The report then after the q2 result
KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) has slashed its earnings estimates by 16 to 29 per cent for AirAsia X Bhd following a dissapointing second quarter ended June 30, 2023 (2Q2023) results showing.

The research unit said the earnings estimates were imputed on the basis of increased passengers in financial year 2023, higher user charges as well as higher aircraft leasing expenses.

AAX swung from 1QCY23 core net profit of RM42.5 million to 2QCY23 core net loss of RM33.8 million as it had to lower fares by 32 per cent quarter-on-quarter (QoQ) to attract passengers during the seasonally slower 2QCY23, and maintenance and overhaul (M&O) expenses surged 82 per cent QoQ to RM115.8 million as more aircraft returned to service.

"Going into 3QCY23 and 4QCY23, AAX stated that passenger demand and fares are trending higher as we expected and M&O expenses will moderate to RM90 million per quarter.

Will be very interest to read Maybank analyst report on AAX projected core profit for 2023 and 2024

With Q3 EPS of 1.2 sen how to justify share price of RM 2.10 ?

TAAX recorded a net proft of RM749.17 million in the current quarter. As at 30 September 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 million. In accordance to MFRS 128, any profits will only be recognised when its shares of the profits equals the share of losses previously not recognised.

Know what the above mean on TAAX?
Note: This quarter TAAX profit is from debts restructure gain.

Is AAX q3 net profit of RM5.6 million a very good result?

Is AAX q3 net profit of RM5.6 million a very good result?

AAX q3 Average fuel price (USD/Barrel) 113
CapA q2 Average fuel price (USD/Barrel) 104

What will be CapA q3 Average fuel price (USD/Barrel)?
And capital A’s aviation q3 will lose how many millions?

Note: Capital A’s aviation q2 is lose making:
Revenue/ASK: Q2 USD 4.22 cents cumulative 6 months USD 4.28 cents
Cost/ASK: Q2 USD 5.01 cents cumulative 6 months USD 4.72 cents
Cost/ASK ex fuel: Q2 USD 3.32 cents cumulative 6 months USD 2.95 cents

AAX also proposed that if it were to garner more than RM300 million in annual earnings before interest, tax, depreciation and amortisation, lease rentals and restructuring costs during its 2023-2026 financial years, all creditors except Airbus would be entitled to 20 per cent of those earnings. REUTERS

9 months end 30 Sept 2023 EBITDA RM 592,992,000.
So can AAX afford to give any dividend?

20. Lease liabilities
As at As at 30/09/2023 31/12/2022
RM'000 RM'000
Current
- Lease liabilities 98,254 57,033
Non Current
- Lease liabilities 1,418,762 1,005,449

As at As at 30/09/2023 31/12/2022
RM'000 RM'000
The currency profile of borrowings is as follows:
1,517,016 1,062,482

As at As at 30/09/2023 31/12/2022
RM'000 RM'000
Not later than 1 year 98,254 57,033
Later than 1 year and not later than 5 years 773,787 285,165
Later than 5 years 644,975 720,284
1,517,016 1,062,482

SEPANG, 21 November 2023 - AirAsia X Berhad (“AirAsia X” or the “Company”) is pleased to announce its financial results for the Third Quarter of 2023 (“3Q23”) ended 30 September 2023, and that it has been approved to exit its Practice Note 17 (PN17) classification by Bursa Malaysia Securities Berhad (Bursa Malaysia), marking a significant milestone in the airline's journey.

The Company registered a revenue of RM648.4 million, over six times higher year-on-year (“YoY”), reflecting about 64% recovery against the 2019 level, as the Company continued to return to operational normalcy over the past 12 months. During the quarter, increased recovery of the Company’s scheduled flight operations and additional capacity were introduced within its operational fleet. Consequently, the Company’s operational expenses posted an uptick, further exacerbated by the weakening of the Malaysian Ringgit against the US Dollar. Despite an increased cost structure, a downward forex trend, and a historically slower quarter, the Company persevered and recorded a net profit of RM5.6 million

If no bank wants to lend the money to Jaks, can ask Insas credit and leasing for the bridging loan and repaid after jaks RI arranged by M&A securities.

Next year Jaks RI coming, so NOSH will become 5 billion and another LTIP 250 million free grant to you know who.

Insas paid dividend every year.
Jaks never paid any dividend yet but every year PP, RI and LTIP multi- million of free grant of share to you know who.
Jaks NOSH is now ballon to 2,370 Million.

I think pantech is a better buy because every quarter also give dividend.

And most likely without LTIP, ALP pledged Jaks share will be margin call forced sell by bankers.

ALP is blantantly abuse the LTIP plan to reward himself.

The question LTIP stand for long term incentive plan to retain talent. So is ALP deserve the LTIP? Do you thing without LTIP ALP will not stay in Jaks?

Stock [JAKS]: JAKS RESOURCES BERHAD
Announcement Date 07-Jul-2023
Reference No ALA-06072023-00010
Listing Date 10-Jul-2023
New type/class? No
Type Others
Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued 70,500,000
Issue Price MYR 0.180
Par Value 0.000
Total NOSH 2,289,834,607

Shareholders are paying the LTIP free grant and coming Q3 will have LTIP expenses of 70,500,000 × RM 0.18 = RM 12,690,000.

Most of the 2022 BOD payment is from LTIP free grant of Jaks share.

Stock [JAKS]: JAKS RESOURCES BERHAD
Announcement Date 15-Sep-2022
Reference No ALA-14092022-00012
Listing Date 19-Sep-2022
New type/class? No
Type Others
Details Long Term Incentive Plan - vesting of ordinary shares under Restricted Share Plan - Grant of LTIP
No. of shares issued 45,000,000
Issue Price MYR 0.260
Par Value 0.000
Total NOSH 2,087,317,607


Details of Changes:
Currency -
Date of Change Type Number of Shares
19-Sep-2022 Others 27,000,000
Registered Name Ang Lam Poah
Nature of Interest Direct Interest
Description Vesting RSP
Nature of Interest Direct Interest
Shares Ordinary Share
Reason Vesting of ordinary shares of JAKS Resources Berhad under the Restricted Share Plan (RSP) of the Long Term Incentive Plan.
Consideration -

Sold some still hold some and buyback some.

Construction of a FPSO for the ONGC NELP Block KG – DWN 98/2 Development Project Cluster-II field (“Field”) located on the east coast of Kakinada, offshore India (“98/2 Project”) for Oil and Natural Gas Corporation of India (“ONGC”)

The Group holds a 30% interest in associates involved in the 98/2 Project. Since December 2022, the FPSO has been hooked-up at the Field, is ready to commence acceptance tests and is waiting for the provision of hydrocarbons by ONGC (“First Oil”). The provision of First Oil is crucial to enable the FPSO to conduct the necessary acceptance tests to achieve final acceptance.

The construction of the FPSO for the 98/2 Project was mainly funded by a USD930.0 million bridge loan facility (“Bridge Facility”) made available by a syndication of lenders (“Bridge Lenders”). The Bridge Facility was intended to be refinanced by long term project finance. The Bridge Facility had a maturity date of 9 June 2023 with a five-business day grace period for payment i.e. 16 June 2023 (“Bridge Repayment Date”).

Despite having successfully executed a Facility Agreement dated 13 April 2023 for a project financing facility of USD948.0 million (“Project Facility”) from a syndicate of project finance lenders (“Project Lenders”) and fulfilling a majority of the disbursement conditions, the associate was not able to provide a final acceptance certificate for the FPSO (being one of the Project Facility disbursement conditions), by the Bridge Repayment Date, due to the delay in being able to conduct FPSO acceptance tests which is due to delay in provision of hydrocarbons by ONGC.

On 6 September 2023, the associate successfully achieved financial close under the Project Facility. The disbursement proceeds from the Project Facility have been utilised to fully repay the Bridge Facility.

Johor Sultan: If all is to be forbidden, then live in a cave
Published: Oct 15, 2017 2:22 PM
⋅
Updated: Oct 16, 2017 11:44 AM

I am in palm oil industry and we have both halal and kosher cartificate. Hence whom am I going to employ to work in the production?