https://www.channelnewsasia.com/business/airasia-parent-plans-raise-more-1-billion-debt-equity-ft-3871336

Malaysian entrepreneur Tony Fernandes is planning to raise over US$1 billion in debt and equity for his Capital A conglomerate (formerly AirAsia). He is also preparing to list some of its businesses through a special purpose acquisition company (spac) or a blank-cheque company in New York, according to an article in the Financial Times.

Fernandes was said to have struck a deal with Nasdaq-listed spac Aetherium Acquisition. He is also said to list several businesses – including a new business extending the AirAsia brand – through Aetherium in 2024, according to the paper’s sources.

Capital A has been classified as a distressed company by the Malaysian government in 2021 although the company has asked Bursa Malaysia to lift its classification in July this year.

The deal with Aetherium is expected to be finalised in early 2024, according to the Financial Times’ source. The spac closed its US$115 million ($157.4 million) initial public offering (IPO) of 11.5 million units in January 2022.

“Capital A still has a lot of debt, which is concerning, but operationally things are going quite well. This year looks like it will be better than the year before Covid,” says Aletheia Capital analyst Nirgunan Tiruchelvam.

“US capital markets are generally much more tolerant of finances like this than markets in Asia,” he adds. “Fernandes has an extraordinary ability to energise his investor audience.”

And capA USD borrowing, lease liabilities, maintenance and etc already contributed to Foreign currency translation differences accounting book lose of RM (1,576,850,000) as at Q2 end 30/6/2023

Post removed.Why?

By the way Petronas Chemicals Group's RM 10billion investment in Perstorp (foreign currency assets) already contributed to Foreign currency translation differences accounting book gain of RM 920 million in Q2 end 30/6/2023

Comprehensive fundamental investing.
Will people listen?
Only in Malaysia a PN17 company like capA third request to postpone submitting PN17 regularisation plan to 31/12/2023.

As at 30/6/23:
Net current liabilities of RM (11,938,731,000)
Shareholders' equity RM (8,390,820,000)
Total equity RM (10,304,487,000)

And can't make money flying people:
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

But retail investors or maybe equity fund managers (icap TTB) still holding or buying capA.

Market Cap: 3,519 Million
NOSH: 4,214 Million
Avg Volume (4 weeks): 11,603,847
4 Weeks Range: 0.80 - 1.01
4 Weeks Price Volatility (%): 16.67%
52 Weeks Range: 0.56 - 1.12
52 Weeks Price Volatility (%): 49.11%

Jaks is now so short of cash that they even cannot tender for any more jobs so ALP just collect toilet paper MOU as his acheivement to collect more LTIP free grant.

Posted by StingRay > Oct 25, 2023 8:40 AM | Report Abuse
Aiyo... MOU cancel kah? Use PP to raise fund. Say want to do this project that project. Got MOU. Now MOU cancel, money to raise fund mana pergi? 🤣

Just for the information I already sold all my Jaks for my free beer and lobster.

Repost on Jaks Q3 and Q4 update:

Since jaks granted 70,500,000 ordinary shares (“LTIP Shares”) SG. Share grant on 10 july 2023 hence RM12.69M of LTIP expenses will only be charged to Q3 2023 under other operating, administrative expenses.
Hence Q3 2023 NP will be Q to Q drop

Based on past 4 years norm jaks Q4 2023 another Q to Q drop due to impairment on trade and other receivables and impairment loss on goodwill.

This is what happen the past 4 years.
12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490

Repost:
Did Mike-tikus/Johnchew1-5 know share of profit from JV/associate is just an accounting profit and did not contribute to cashflow, revenue nor operating profit.

With 25% equity and 75% loan and suden loan rapayment cut short to 10 years term loan and increase USD interest rate, JHDP will have cashflow problem and unable to pay anymore dividend till year 2031.

Repost:
Jaks
FY 2022: FY2021
RM'000, RM'000
Revenue 89,794 108,145
Cost of Sales(74,650) (89,361)
Gross Profit 15,144 18,784
Other Operating Income 3,709 4,535
Other Operating, Administrative Expenses (113,524) (111,758)
Operating Loss before finance cost (94,671) (88,439)
Finance cost (24,383) (21,980)
Operating Loss after finance cost (119,054) (110,419)
No Wonder yearly issued either RI or PP to get money from shareholders to pay Other Operating, Administrative Expenses and Finance cost...

Repost:
Dividend from Bplant year 28/04/2021 to 22-03-23
28/04/2021 Bplant 2,500.00
30/06/2021 Bplant 300.00
30/09/2021 Bplant 8,050.00
30/12/2021 Bplant 8,050.00

22-03-22 Bplant 23,200.00
24-06-22 Bplant 46,866.00
27-09-22 Bplant 16,912.50
22-12-22 Bplant 6,600.00

22-03-23 Bplant 16,500.00

Just for the record the dividend earned from Bplant as above and my trading gain:
Sold: RM 1,182,039.67
Bought: RM 1,119,118.55
Trading Gain: RM 62,921.12

So Mike-tikus/Johnchew1-5 red-eye how many digits I gain from my 2 years holding in bplant and his 6 months Jaks day and night promotion only gain him how many digit?

Just another tips for you.
Jtiasa
Year end 30/6/23: 30/6/2022
RM' 000
cash flows from operating activities 296,439: 322,551

Q to Q and Y to Y FFB production increase:
Fresh Fruits Bunches (MT)
Quarter end 30 Sept 2023
359,740.00
Quarter end 30 Sept 2022
263,948.00
Quarter end 30 June 2023
224,649.00

I top up more and now already bookgain of 5 digits.

It is so easy for Western world to talk the talk.
Tell me what will the Western world do if their neighbour is Afghanistan rule by Taliban.

Tell me which is better.
Taliban rule in Afghanistan or China rule in Xinjiang?

Totally agree with EngineeringProfit you do not have two way when dealing with extremist ideology, dogma that prevent people from self advacement and supremacy view that their ideology/race are the only truth/chosen one to lead in this world.

Ironman is back. No jail can hold back ironman.

Come on Mike-tikus/Johnchw1-5 how many time do I need to explain before you can finally understand accounting?

1.) FYE2021 : Revenue = RM216.9 M , Net Profit = RM 245.7 M
2.) FYE2022 : Revenue = RM212.5 M , Net Profit = RM 215.05 M
3.) FYE2023 : Revenue = RM 216.8 M , Net Profit = 122.7 M


去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.
Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.
Balance sheet the non current asset associate companies value increase by RM 131.3 million.

Did you know why Jaks every year PP way below NTA whereas Inari PP way above NTA?

Did Mike-tikus/Johnchew1-5 know share of profit from JV is just an accounting profit and did not contribute to cashflow, revenue nor operating profit.

With 25% equity and 75% loan and suden loan rapayment cut short to 10 years term loan, JHDP will have cashflow problem and unable to pay anymore dividend till year 2031.

Repost:
Jaks
FY 2022: FY2021
RM'000, RM'000
Revenue 89,794 108,145
Cost of Sales(74,650) (89,361)
Gross Profit 15,144 18,784
Other Operating Income 3,709 4,535
Other Operating, Administrative Expenses (113,524) (111,758)
Operating Loss before finance cost (94,671) (88,439)
Finance cost (24,383) (21,980)
Operating Loss after finance cost (119,054) (110,419)
No Wonder yearly issued either RI or PP to get money from shareholders to pay Other Operating, Administrative Expenses and Finance cost...

Mike-tikus/Johnchew1-5 can't even understand accounting nor plain english. Don't ever expect him to debate with fact and figure.

He is only good at twisting other people word, name-calling and insulting other as conman, cut and past his gibberish and incite his can't think for themselve followers to play flag flag to silence his opponent.

If you are against hypocrisy then you also need to condemn Hamas for violence killing of innocent civilian and taking women and children as hostage in purpose.

Mike-tikus/Johnchew1-5 only hold 200 unit each of HRC, CapA and jaks but talk so big 0ne sen up or down is 5 digit gain or lose.

So his Jaks is at cost 19 sen, HRC at RM 4.40 and capA??

The latest Israel-Hamas war didn’t help the local currency as the conflict in the Middle East has spooked investors to load up more dollars, strengthening the American currency even more. To make matters worse, Anwar blindly and recklessly expressed his support for terrorist Hamas just because they share the same religion. He had no idea the influence of the Jews in finance, economics and business.

Janet Yellen, Elon Musk, Mark Zuckerberg, Sergey Brin, Larry Page, Goldman Sachs, Intel, Michael Bloomberg, Estée Lauder, WeWork, McDonald’s, Walt Disney and Pfizer are all Jewish, Jewish-owned brands or pro-Semitic powerful people, just to name a few. And do we need to remind Anwar how George Soros attacked and brought down Malaysian currency during the 1997/98 Asian Financial Crisis?

It was also a strategic error for Anwar Ibrahim to invite PAS Islamist party to join the unity government. Perhaps he was trying to troll the religious extremists. Perhaps he was trying to hedge his political move. But it creates an impression of political instability, which will spook investments. It was both dumb and dangerous that Anwar acknowledges his ties with Hamas.

Silly Anwar is the only state leader, besides the regime in Tehran, to publicly declare Hamas terrorists were his brother. After Washington showed its displeasure over his support for the terror group, the European Union might reconsider its economic relations with Malaysia. Yes, Anwar’s stance is problematic due to previous reports that uncovered a training program in Malaysia from 2012 that trained Hamas fighters how to fly powered parachutes

http://www.financetwitter.com/2023/10/kaboom-ringgit-at-twenty-five-year-low-heres-why-the-currency-could-plunge-to-rm5-to-the-u-s-dollar.html

Kaboom! Ringgit At 25-Year Low – Here’s Why The Currency Could Plunge To RM5 To The U.S. Dollar
October 21st, 2023 by financetwitter

http://www.financetwitter.com/2023/10/kaboom-ringgit-at-twenty-five-year-low-heres-why-the-currency-could-plunge-to-rm5-to-the-u-s-dollar.html

Kaboom! Ringgit At 25-Year Low – Here’s Why The Currency Could Plunge To RM5 To The U.S. Dollar
October 21st, 2023 by financetwitter

To be fair, it was Maybank analyst Yin Shao Yang that cause the raise of AAX price. But somehow Stony shirtless might be the cause of its downfall.


MAYBANK Securities has resumed coverage on Malaysia-listed AirAsia X (AAX) with a “buy” call and a price target of RM3.58, as it expects the low-cost airline to be even more profitable than it was pre-Covid.

In a report on Wednesday (Jul 26), analyst Yin Shao Yang forecast AAX to deliver record core net profits of RM160 million (S$46.8 million) for FY2023 and RM256.5 million for FY2024.

This comes amid the post-Covid environment of falling aircraft lease rates as well as rising unit passenger fares, said Yin. He also highlighted that the airline is now effectively debt-free following a debt-restructuring exercise.

The analyst is expecting AAX’s “Practice Note 17” (PN17) listed issuer status to be lifted, given its recent consecutive quarters of profits as well as its positive shareholder equity position. The PN17 status is issued by Bursa Malaysia to issuers in financial distress.

So what has Ang Lam Poah acheived to rightfully earned a salary n Bonus of RM 1,980,000

CEO Ang Lam Poah :
Salary n Bonus = RM 1,980,000 . EPF & Sosco = RM 235,002 . Allowances = RM 36,700 . Other Emoluments = RM 7,700,000 .
Total = RM 9,951,702 .

By the way those millions in impairment lose in goodwill and receivables are ALP unofficial extra incomes.

Mike-tikus/Johnchew1-5 still dumb dumb hold your capA?
Wanted to be another dumb dumb hold Icapital TTB hold capitalA before covid-19 until now and most likely TTB will still dumb dumb hold capA till suspension and delist.

i3lurker,
previously I just treat INSAS as FD but with interest rate increase I hope this year AGM will be a physical one so that I can look into the eye of INSAS BOD and ask for a more fair and equitable dividend.

Insas dividend:
Waiting for dividend announcement on DEC 2023. Expect more than 2.5 cents

So Mike-Tikus/Johnchew1-5 mind telling us where you get the below information FYE2021 = 2.0 Sen and did Jaks pay any dividend before?

👉 Dividend : FYE2021 = 2.0 Sen , FYE2022 = 2.5 Sen .

Ann. Date
Ex Date
Type
Subject
Amount
15-Dec-2022 30-Dec-2022 DIVIDEND Interim Dividend RM 0.0250 Dividend
29-Nov-2021 30-Dec-2021 DIVIDEND Interim Dividend RM 0.0250 Dividend
07-Dec-2020 21-Dec-2020 DIVIDEND Interim Dividend RM 0.0200 Dividend
06-Dec-2019 20-Dec-2019 DIVIDEND Interim Dividend RM 0.0200 Dividend
04-Dec-2018 17-Dec-2018 DIVIDEND Interim Dividend RM 0.0200 Dividend

The proposed share consolidation would see, among others, 20 Sapura Energy shares converted into one. The company will then issue 500 million shares at RM1 each to its MCF creditors as part settlement of the amount owed.

If you read above it mean after share consolidation of 20 to 1 and issue 500 million shares at RM1 each to its MCF creditors as part settlement of the amount owed.

So the proposed scheme value the current share price is 5 sen.

Repost on Jaks Q3 and Q4 update:

Since jaks granted 70,500,000 ordinary shares (“LTIP Shares”) SG. Share grant on 10 july 2023 hence RM12.69M of LTIP expenses will only be charged to Q3 2023 under other operating, administrative expenses.
Hence Q3 2023 NP will be Q to Q drop

Based on past 4 years norm jaks Q4 2023 another Q to Q drop due to impairment on trade and other receivables and impairment loss on goodwill.

This is what happen the past 4 years.
12 months end 31/12/22: 12 months end 31/12/21
RM'000: RM'000
Impairment Loss on Goodwill 29,000: 23,636
Allowance for impairment of receivables 22,833: 20,348

12 months end 31/12/20: 12 months end 31/12/19
RM'000: RM'000
Impairment Loss on Goodwill 52,000: 20,365
Allowance for impairment of receivables 69,507: 12,490

No bank wants to lend anymore money to Jaks so Jaks every year either PP or RI

Question when will be the next PP or RI and at what price?
Ann. Date
Date
Type
Units
Price
View
07-Sep-2023 08-Sep-2023 Private Placement 80,014,700 0.180 Additional Listing Detail
26-May-2023 29-May-2023 Private Placement 129,017,000 0.185 Additional Listing Detail
30-Jun-2021 01-Jul-2021 Private Placement 272,667,000 0.475 Additional Listing Detail
27-May-2019 28-May-2019 Private Placement 58,465,313 0.700 Additional Listing Detail
29-Mar-2018 30-Mar-2018 Private Placement 49,631,200 1.380 Additional Listing Detail
23-Mar-2017 24-Mar-2017 Private Placement 43,836,100 1.360

13-Oct-2020 26-Oct-2020 RIGHTS_ISSUE Rights Issue 8.0000 : 5.0000
05-Nov-2018 16-Nov-2018 RIGHTS_ISSUE Rights Issue 1 : 2

Palestine people are the victim. The word need to come together to say enough is enough and condemn Isreal and Hamas for holding Palestine people as collective hostage for their own vested/evil interest.

Palestine people deserved to be treated as normal human and accorded the Universal Human Rights.

Repost: What wrong with capA aka cap Ayam?
Airasia is a good name that is why AA can thrive and prosper.

But Santan so close to Satan no one dare to go in that is why mostly empty.
"The Hebrew term śāṭān (Hebrew: שָׂטָן) is a generic noun meaning "accuser" or "adversary",[7][8] and is derived from a verb meaning primarily "to obstruct, oppose"

So the downfall of capA/Stony is due to Santan. And no one dare to ask Stony to put on a shirt or question him on Santan/Satan or cap Ayam name.

Posted by i3lurker > Oct 20, 2023 11:53 PM | Report Abuse
The MidValley Santan Coffee kiosk at the bridge with Gardens I always walk pass and never bought anything also.
Reason, mostly empty also. No real incentive to buy

What AAX need to do next is below cash call.

3. Ordinary Resolution 2
Description Proposed renounceable rights issue of new AAX Shares to raise gross proceeds of up to RM300.0 million
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 323 126
No. of Shares 1,993,500,091 2,071,887
% of Voted Shares 99.8962 0.1038
Result Accepted

4. Ordinary Resolution 3
Description Proposed issuance and allotment of new AAX Shares to raise gross proceeds of up to RM200.0 million by way of subscription by Placees ("Proposed Share Subscription")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 331 117
No. of Shares 1,818,434,834 1,872,288
% of Voted Shares 99.8971 0.1029
Result Accepted

The Great Law (Karmic Cycle)
Sometimes called “the Law of Cause and Effect”, the Great Law tells us that in order to get the things we want; we must also embody those things.

In other words, whatever you give, you shall receive; whether it is positive or negative. So, if you want love in your life, be loving. If you want to enjoy financial abundance, be generous. And if you want to have honest, open relationships then you need to offer authenticity and honesty to the people you care about as well.

The Law of Change
When you think about the Law of Change, you connect with the message that the universe gives us what we need. So, you will find that history continually repeating itself until you demonstrate that you’ve learned what you need to in order to create a different future. If you notice that you seem to be stuck in a loop, this is because there’s something fundamental that has not yet been addressed.

Consider a war which has been going on for decades or centuries. The people fighting the war today are not those who started the war. If you think negative thoughts and perform destructive actions, the karmic cycle of negativity and destruction will continue. People need to make a conscious decision to change destructive patterns of behavior. They need to spread loving kindness and good intentions to break the endless cycles of war. It requires higher levels of thinking and similar spiritual values. Everyone needs to make a personal contribution to accomplish the task of bringing about peace in the universe

I sincerely appeal to Palestine Politicians and leaders, please change course, renounce violence and be courageous to take up non-violence struggle for your JUST cause. Fight the unjust and injustices with the mighty ICT in the court of world opinion and win over the Hearts and Minds of the world to your JUST cause. Please give Peace a chance and free your long-suffering Palestine People from the “ENDLESS CYCLES OF HATRED & WAR.

“World peace through non-violent means is neither absurd nor unattainable. All other methods have failed. Thus we must begin anew. Non-violence is a good starting point. Those of us who believe in this method can be voices of reason, sanity, and understanding amid the voices of violence, hatred, and emotion. We can very well set a mood of peace out of which a system of peace can be built.—Martin Luther King Jr.”

DSAI already bailout LTAT and Tabung Haji which cost tax-payers multi-billion.
Why not bailout SAPNRG too with RM 15 billion government soft loan?

It is still a lot better than AAX 0.5 sen for every dollar owed.

Let do the math:

Sapura Energy has filed a new proposal to restructure its RM10.3 billion debt owed to nine lenders grouped under financiers of its MCF facilities. The group owes another RM5.12 billion to its vendors.

The debt restructuring, facilitated by the advent of the white knight, would see a capital injection of up to RM1.8 billion into the Sapura group through a subscription of redeemable convertible loan stock, according to the court document.

The proposed share consolidation would see, among others, 20 Sapura Energy shares converted into one. The company will then issue 500 million shares at RM1 each to its MCF creditors as part settlement of the amount owed.

The group also proposed the issuance of ICUIDS worth RM1.5 billion to its MCF creditors as part settlement of the debt owed.

It is also considering the sale of some of its assets, including its remaining 50% stake in SapuraOMV for RM2.25 billion, which will be used to pay off some of its debts.

Total cash raised: (1.8 + 0.5 + 1.5 + 2.25) = RM 6.05 billion

There after Sapura Energy said it would be able to settle about RM4.75 billion of its borrowings within seven years through asset disposals and cash proceeds generated from existing and new contracts.

That can only mean lenders and vendors still need some haircut.

Repost:
Is that sooooooo stupiiiiiiid someone=Mike-tikus/Johnchew1-5 cannot read nor understand what I posted on:
M&A Securities SDN BHD financial highlight: A 100% holding of Insas before RTO of SYF.

FYE 30 June
2019 2020 2021 2022
RM’000 RM’000 RM’000 RM’000
Revenue 26,314 36,978 68,906 48,541
Other items of income
15,791 18,646 33,291 28,900
Items of expense (33,353) (42,855) (77,420) (54,632)
PBT 8,752 12,769 24,777 22,809
PAT 6,552 9,172 18,764 17,916

Can anyone understand english kindly explain to sooooo stupiiiiiid why staff expense increase in 2021.
2020 item of expenses RM 42.855 million. PBT RM 12.769 million
2021 item of expenses RM 77.420 million. PBT RM 24.777million

RI of Insas-PB with free Insas-WC is a way to reward shareholders. You can either sell your entitlement or subscribe for the RI
I subscribe for my RI entitlement with 10% excess application and later sold the WC for a 6 digit gain.

Someone is very jeleous I make 6 digit gain from the WC.
Recently bought back some WC because history will repeat again. In the past someone promote PA, and WC rocket pass PA. Now that someone day and night promote Jaks hence WC will/shall rocket pass Jaks soon.

去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数
One-off exceptional gain on deemed disposal of equity interest in associate companies of RM 131.3 million.
Do anyone know what is deemed disposal?

Associated co - Inari completed private placement of 10% share at RM 3.10, way above its NTA per share, & insas needs to account for its equity accounting (Inari) share of share capital/reserve increase of RM 131.3 million, purely accounting treatment in compliance with FRS. Non cash flow but increase in assets.
Balance sheet the non current asset associate companies value increase by RM 131.3 million.

Did someone know Jaks every year PP way below NTA?

Insas still hold 537,008,575 inari share (associate company) and
1,215,718,665 M&A an effective holding of 60.83% subsidiary company of Insas.
Know what is the market value of 537,008,575 inari share and 1,215,718,665 M&A share?
Know insas yearly dividend income from Inari alone?
Year end 30/6/2023
Dividend received: RM 56.521 million

Since when a car rental business in Singapore is profitable?
Someone must be smart to dispose capitalA for disposal gain before Covid-19 strike. Only dumb dumb hold Icapital TTB still holding capitalA before covid-19 untill now. Most likely TTB will still dumb dumb hold capitalA till suspension and delist

By the way Omesti is not an Associate company of insas: In balance sheet it is one of many equity investment held in current assets: Financial assets at fair value through profit or loss, as at 30/6/2023 that assets at mark to market value: RM 222,832,000

As at 30/06/2023
NAPS: RM 3.53
Deposits with licensed banks and financial institutions: RM 943,505,000
Cash and bank balances: RM 104,747,000
Total: RM 1,048,252,000
Less:
Cash and bank balance pledged: RM (2,376,000)
Fixed deposits pledged: RM (233,801,000)
Free Fixed deposits and cash and bank balance: RM 812,075,000
Year end 30/6/2023
Interest received: RM 25.349 million

2023 EPS: 18.51 sen
2022 EPS: 32.44 sen
2021 EPS : 37.06 sen

Know what is EPS of Jaks for the past 3 financial year?

AAX problem is with Stony who has told every "Tom, Dick, and Harry" that capA PN17 regularisation plan is to exit aviation by injecting in capA aviation with billions in liabilities into AAX.

If that happen AAX will immediately fall into PN17 and need another round of debts restructure (0.5 sen for every dollar owed), capital reduction and 10 to 1 consolidation.

Current liabilities
RM'000
Borrowings 10,824,939
Trade and other payables 4,226,188

Current mean due for payment in 12 months time
It mean to include overdue, immediate due and due in 1 day to 365 days.

UNAUDITED AUDITED
As at end of current financial period preceding financial year
31/07/2023 31/01/2023
RM'000 RM'000

Non‐current assets
Property, plant and equipment 5,274,254 5,079,520
Intangible assets 262,064 246,068
Investment in associates 1,918,404 1,694,204
Investment in joint ventures 2,751,896 2,444,014
Deferred tax assets 115,769 106,727
Trade and other receivables 20,832 227,361
Deferred expenditure 73,429 84,070
10,416,648 9,881,964

Current assets
Inventories 418,107 386,193
Trade and other receivables 753,434 782,985
Deferred expenditure 25,728 22,111
Contract assets 558,546 687,586
Tax recoverable 68,587 92,421
Cash, deposits and bank balances 1,162,996 850,125
2,987,398 2,821,421

Non‐current liabilities
Trade and other payables 20,230 11,808
Contract liabilities 37,578 51,694
Lease liabilities 23,175 22,935
Deferred tax liabilities 49,981 38,287
130,964 124,724

Current liabilities
Borrowings 10,824,939 10,615,934
Trade and other payables 4,226,188 3,716,758
Contract liabilities 507,141 558,602
Lease liabilities 20,355 18,720
Provisions 524,809 426,549
Provision for tax 184,036 147,820
16,287,468 15,484,383


Can the sale of asset SapuraOMV worth about $1.2 billion settle the current borrowings of RM 10,824,939,000?

Airasia is a good name that is why AA can thrive and prosper.

But Santan so close to Satan no one dare to go in that is why mostly empty.
"The Hebrew term śāṭān (Hebrew: שָׂטָן) is a generic noun meaning "accuser" or "adversary",[7][8] and is derived from a verb meaning primarily "to obstruct, oppose"

So the downfall of capA/Stony is due to Santan. And no one dare to ask Stony to put on a shirt or question him on Santan/Satan name.

Posted by i3lurker > Oct 20, 2023 11:53 PM | Report Abuse
The MidValley Santan Coffee kiosk at the bridge with Gardens I always walk pass and never bought anything also.
Reason, mostly empty also. No real incentive to buy

Geary know that no advisor/directors dare to sign on the proposed PN17 regularisation plan that will enable capA to rectify shareholders' equity to positive RM 40 million in 6 months time after the regularisation plan is approved by Bursa SC.

The PN17 regularisation plan must be in complying with the requirements under paragraph 5.4 above, the PN17 Issuer and its Principal Adviser must demonstrate to the satisfaction of the Exchange, the following:

​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position;

​ ​(b)​ ​the steps taken or proposed to be taken are comprehensive and capable of addressing the issues that had caused the PN17 Issuer to trigger the Prescribed Criteria, such that the PN17 Issuer will –
​​ ​(i) ​no longer trigger ANY of the Prescribed Criteria upon implementation of the regularisation plan; and
​ ​​​(ii) ​not trigger ANY of the Prescribed Criteria in the near future

Many know that even if capA request of extension to submit PN 17 regularisation plan to 31th Dec 2023 is approved by Bursa.

CapA will still cannot come up with PN17 regularisation plan by 31th Dec 2023. Another extension, extension....untill Bursa say enough is enough and proceed to suspend and delist capA.

By the way this is what Stony/capA want to get itself delist from Bursa.

Serba is due to the cursed of lady Ramunia.
CapA is because of shirtless Stony.

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CapA need all these cheaper than Taxi fares sales in advance for working capital otherwise will be like MYAirline

Jaks BOD are the winners at the expense of shareholders. Except Mike-tikus still got 1 or 1 and a half sen book gain.

BOD remuneration in detail ya..

Ang Lam Poah - RM9.95 M
Razali Naina Bin Merican - RM 2.21M
Ang Lam Aik - RM 614.40k
Khor Hun Nee - RM 129.0k
Abd B. Shaik Munisar - RM129.5k

The currency profile of borrowings are as follows:
As at 30/6/2023
RM million
Ringgit Malaysia 962.6
US Dollar 1,934.1
Philippine Peso 86.9
Thai Baht 660.7
Indonesian Rupiah 45.2
3,689.2

Lease liabilities/payment, maintainance and jet fuel in USD

Many institute/equity fund managers were holding capA before covid 19 or before PN17 untill now.

As of whether institute/equity fund managers allow to buy a PN17 company's shares?
I am not very sure but the question why want to buy a PN17 company like capA as at 30/6/23 with net current liabilities of RM (11,938,731,000), Shareholders' equity RM (8,390,820,000), total equity RM (10,304,487,000) and can't make money flying people:
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