TQVM for the gentle reminder.
By the way don't get too close to your BFF Johny, he visit Jl Alor massage parlour/Spa every day.

A gentle remi der to you, there is no perfect medicine to cure AIDS yet

Posted by StartOfTheBull > Sep 6, 2023 7:49 AM | Report Abuse

Just a gentle reminder to Kon Lee, don't get too close to ahkua, there is no perfect medicine to cure AIDS yet

Just a gentle reminder:

The extension of time is without prejudice to Bursa Securities' right to proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event:

(i) the Company fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023;
(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or
(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of the Company on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting
This announcement is dated 27 July 2023

Question 2: Will Bursa consider a third extension or Bursa will proceed to suspend the trading of the listed securities of the Company and to de-list the Company in the event CapitalA fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023?

Good morning income,
I thought someone everyday go to Jln Alor massage parlour/spa to get stock tips from massage lady that happen to get stock tips from pump and dump syndicate macai.

Thank you for the addition information:

JohnC
You always go to Jln Alor for massage hockey stick...
Every day after lunch you stop by Jln Alor for services hockey stick… already there most famous hockey stick players in Msia. You sweating and you said you were in sauna. In fact you were playing hockey stick at Jln Alor. That’s why you have to kencing a little bit at a time. Kencing busuk, Weiii.
One day you hockey stick will crack and you will cry without tears. Repent. Go back to your religion and pray hard for forgiveness from God.
05/09/2023 10:01 PM

Income JohnC is the most famous hockey stick player in i3 and also whole of Msia. Haha 😂
05/09/2023 10:09 PM

Good morning Mabel
USD to MYR exchange rate at:
30 Dec 2022: 4.3900
31 March 2023: 4.4193
30 June 2023: 4.6650

From Q2 end 30/6/2023 capitalA financial report:
P&L statement: other comprehensive expense:
Foreign currency translation differences:
Quarter end 30/6/2023: Period end 30/6/2023
RM (1,576,850,000): RM (1,506,596,000)
Balance sheet:
Capital and reserves
Foreign exchange reserve
As at 30/6/2023: As at 31/12/2022
RM (1,657,962,000): RM (153,308,000)

From Q1 end 31/3/2023 capitalA financial report:
P&L statement: other comprehensive expense:
Foreign currency translation differences:
Quarter end 31/3/2023
RM 70,264,000
Balance sheet:
Capital and reserves
Foreign exchange reserve
As at 31/3/2023: As at 31/12/2022
RM (83,054,000): RM (153,308,000)

I do not mind putting small bet for trading purpose on liquidity stocks for my free bintang beer.

But for investment, I invested on those good fundamental stocks that give regular dividend. By my last count on stocks I hold that already pay dividend or on the way to pay already declare dividend. My dividend income already break RM 200k for year 2023.

So please invest wisely.

Here we are talking about making Bursa an efficient, vibrant, fair and orderly market. But I can’t agree more on the feeling and frustration expressed by i3investor commentator:
hulwan These kinds of shenanigans, and then they wonder why our Bursa is in the doldrums

The airline is a joint venture between three Filipino businessmen and AirAsia. 60% of the airline is owned by Filipino investors Antonio O. Cojuangco, Jr., former owner of Associated Broadcasting Company and owner of Dream Satellite TV, Michael L. Romero, a real estate developer and port operator, and Marianne Hontiveros, a former music industry executive and TV host.[25] The remaining 40% is owned by AirAsia Investments Ltd. (later AirAsia Aviation Limited) of Malaysia.[7] The Public Service Act of the Philippines, prior to its amendment in 2022, only allowed a foreign direct investment of up to 40% in Philippine-registered airlines.[26]

In June 2019, Romero's F&S Holdings bought the shares owned by Alfredo Yao and Hontiveros, thus becoming the new majority shareholder in the company. Four months later, Romero acquired Cojuangco's shares, becoming the sole local owner (and parent company) of the airline.[4] In June 2023, F&S Holdings sold all of its shares to AA Com Travel Philippines for an undisclosed amount.

You must have faith in Stony.
He even can make Sir Richard Branson, owner of Virgin Air, to cross-dressed, wore lipstick, shaved his legs, put on a sexy red skirt
as one of the flight attendants and spent the 5.5-hour flight serving food and coffee, tea or me.

Repost:
Jaks facing cashflow problems will not be able to undertake anymore new job/project unless RI coming.

What ALP doing is signed many more MOU ( aka worthless toilet paper) so that he can justified his fat cat CEO salarly + benefit and more LTIP free share grant.

Jaks q2 revenue RM 3,312,000
No even enough to pay finance cost of RM 6,177,000

Last Price : 0.235
Today's Change: +0.035 (17.50%)
Day's Change: 0.20 - 0.24
Trading Volume: 184,429,300

Rotating/syndicate play. It can be 1 day, 1 week or 1 month play. So make sure you are not the one holding the dead cat when the music stop.

I can't even tell what I am going to have for the dinner.
So how to analyze the forward number when you do not have the numbers yet?

The Penang bridge is already outdated, the new in-thing is Merdeka 118 tower
Posted by i3lurker > Sep 5, 2023 2:40 PM | Report Abuse
Can I introduce you to the Penang Bridge?

For those who do not know how a weakening MYR against USD will affect CapitalA balance sheet with borrowing, lease liability and maintenance in USD:

As at 31/3/2023
Foreign exchange reserve: RM (83,054,000)

As at 30/6/2023
Foreign exchange reserve: RM (1,657,962,000)

Repost:
As at 31/3/2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 245,060,000
Foreign exchange reserve: RM (83,054,000)
Accumulated losses: RM (8,866,093,000)
Share holder RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity RM (9,376,200,000)

As at 30/6/2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 266,894,000
Foreign exchange reserve: RM (1,657,962,000)
Accumulated losses: RM (10,151,810,000)
Share holder RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity RM (10,204,687,000)

Cash flows from financing activities:
Acquisition on non-controlling interests: RM (52,061,000)
Intangible assets: RM 4,698,958,000
Acquisition of a subsidiary:
Goodwill: RM 1,971,100,000
Landing rights: RM 1,971,900,000
2Q2023 - increase effective stake to 100% in Philippine Air Asia
An acquisition of goodwill of RM 1,971,100,000 sounds like a bailout for the non-controlling interest.

Question 3: Pre-acquisition what is the group effective holding in Philippine Air Asia?
Question 4: Pre-acquisition who is/are the non-controlling interest shareholder/shareholders?
Question 5: Is the deal a willing buyer, willing seller deal and why CapitalA did not publish the details of the deal?

i3lurker,
Is it legal for CapitalA to enter to this deal that transfer more than 2 billion negative non-controlling interest equity, to equity of capitalA shareholders without any prior annoucement, publish the contract S&P terms and conditions, salient feature, what are the rational reasons for the acwuisition and how it will impact capitalA financial account post acquisition?

Did CapitalA broke any Rule and Regulation of Bursa and SC?

I will write an official complaint to SC and Bursa next weekend urging SC/Bursa to investigate the deal.

As at 31/3/2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 245,060,000
Foreign exchange reserve: RM (83,054,000)
Accumulated losses: RM (8,866,093,000)
Share holder RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity RM (9,376,200,000)

As at 30/6/2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 266,894,000
Foreign exchange reserve: RM (1,657,962,000)
Accumulated losses: RM (10,151,810,000)
Share holder RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity RM (10,204,687,000)

Cash flows from financing activities:
Acquisition on non-controlling interests: RM (52,061,000)
Intangible assets: RM 4,698,958,000
Acquisition of a subsidiary:
Goodwill: RM 1,971,100,000
Landing rights: RM 1,971,900,000
2Q2023 - increase effective stake to 100% in Philippine Air Asia
An acquisition of goodwill of RM 1,971,100,000 sounds like a bailout for the non-controlling interest.

Question 3: Pre-acquisition what is the group effective holding in Philippine Air Asia?
Question 4: Pre-acquisition who is/are the non-controlling interest shareholder/shareholders?
Question 5: Is the deal a willing buyer, willing seller deal and why CapitalA did not publish the details of the deal?

i3lurker,
Is it legal for CapitalA to enter to this deal that transfer more than 2 billion negative non-controlling interest equity, to equity of capitalA shareholders without any prior annoucement, publish the contract S&P terms and conditions, salient feature, what are the rational reasons for the acwuisition and how it will impact capitalA financial account post acquisition?

Did CapitalA broke any Rule and Regulation of Bursa and SC?

I will write an official complaint to SC and Bursa next weekend urging SC/Bursa to investigate the deal.

Business tycoon Sir Richard Branson fly AAX too.

Sir Richard Branson is AirAsia's Flight Attendant
Jumat, 19 Oktober 2018 23:30 WIB

TEMPO.CO, Sepang - AirAsia X flight number D7-237 flying from Perth to Kuala Lumpur is a flight like none other. Passengers had a once-in-a-lifetime experience being served drinks by none other than Sir Richard Branson, owner of Virgin Air, who cross-dressed as one of the flight attendants. Sir Richard's new gig was part of his promise to AirAsia boss Tony Fernandes after losing a bet a couple of years ago.

Sir Richard, founder and chairman of Virgin Group, wore lipstick, shaved his legs, put on a sexy red skirt and joined AirAsia X's cabin crew in a special charity flight. The business magnate spent the 5.5-hour flight serving food and drinks, giving out souvenirs, doing some entertaining and making in-light announcements to the passengers and media partners from around the globe. The charity flight is part of a fundraising program for the Starlight Children Foundation.

https://www.capitala.com/misc/2Q23-presentation-capitala.pdf

Financial Results Briefing:
Second Quarter 2023
29 August 2023

Capital A Corporate Highlights
● Capital A structure
- starting in June 2023, consolidated Thai AirAsia
- increased effective stake to 100% in Philippine AirAsia
- enabling a more effective strategic alignment that fortifies AAGL’s market positioning.
- better clarity on airline performance

● Capital A has arrived more than an airline
- ADE raised USD100 mil
- Teleport finalised USD35 mil loan
- Superapp finalising a termsheet to raise USD40 mil

● 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.

● In 2Q23, operating 146 aircraft with remaining 54 aircraft aim to reactivate by end of 2023. Slower than
expected reactivation progress was due to:
- Shortage of aircraft components and cabin furnishings in the market
- Aging aircraft require extensive maintenance services such as seat removal and comprehensive cabin interior overhauls

Conclusion:
More Aircraft for growth
Aggressive Fleet Growth
● Fleet reactivation alone is not enough to sustain our growth trajectory. After reactivating our fleet, we need to grow the fleet further.
● Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.
● We are also leasing 15 additional aircraft - 9 to be delivered in 2024, 6 in 2025.

Fundraising Outlook
● Expecting to fundraise approximately USD800 million for aviation business growth through a combination of syndicated local club loan in Malaysia, revenue bond issuance and equity fundraise.
● Also expecting to close USD40 million for Superapp and potentially raise additional USD40 million for Teleport.

Ancillary Income Drivers
● Successful experimentation with ancillaries flow and bundling expected to deliver accretive impact upon rollout beginning 4Q23.
● New ancillary products in the pipeline to deliver additional revenue opportunities.

Growth Catalysts
● There is no bottleneck in terms of manpower resources for future fleet growth.
● In August Thailand has relaxed visa requirements for Chinese travellers, setting the stage for increased travel demand from China.

PN17
● Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24

Rrpost:
BursaMaster121212 i read other broker reports, they also mention similar things like Capital is eying to lift up the PN17 by certain timeline.....not sure why SSLee only targets TA. I think he should write in to other IBs also

Nowadays even a qualified and certified CFA IBs Analyst swallow hook, line, and sinker what is presented to them during CapitalA IBs analyst briefing without question ask.

● Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24

That is why I suggest IBs analyst should include the briefing material, transcript of Q&A and interview as appendix.

I only have access to TA and Kenangan Analyst report and I found TA analyst make so many fundamental error/mistake that even an accounting student should not make.

By the way if you still holding CapitalA or thinking of buying CapitalA on the dip, my advise is whatsapp my email to your broking house or remisier and ask for their opinion.

Note: My email is with below CC list:
Investor Relations • investorrelations@ta.com.my
samuel.y@maybank-ib.com
mswatch@mswg.org.my
aduan@seccom.com.my
eeditor@bizedge.com
kanagaraju.s@bizedge.com

BursaMaster121212 i read other broker reports, they also mention similar things like Capital is eying to lift up the PN17 by certain timeline.....not sure why SSLee only targets TA. I think he should write in to other IBs also

Nowadays even a qualified and certified CFA IBs Analyst swallow hook, line, and sinker what is presented to them during CapitalA IBs analyst briefing without question ask.

● Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24

That is why I suggest IBs analyst should include the briefing material, transcript of Q&A and interview as appendix.

I only have access to TA and Kenangan Analyst report and I found TA analyst make so many fundamental error/mistake that even an accounting student should not make.

By the way if you still holding CapitalA or thinking of buying CapitalA on the dip, my advise is whatsapp my email to your broking house or remisier and ask for their opinion.

Note: My email is with below CC list:
Investor Relations • investorrelations@ta.com.my
samuel.y@maybank-ib.com
mswatch@mswg.org.my
aduan@seccom.com.my
eeditor@bizedge.com
kanagaraju.s@bizedge.com

Any reason why Jaks PP is way below its NTA per share?

Remember when Jaks dispose JSB 51% equity in JIC (Net liabilities of RM174.4 million) to ICD for consideration of RM 1.00 and report RM 71.89 million accounting gain but later need to write off the intercompany receivables from JIC as impairment losses.

Proposed Disposal is expected to contribute positively to the consolidated earnings and EPS of JRB for the FYE 31 December 2020.
JRB Group is expected to realise a gain of approximately RM71.89 million from the Proposed Disposal against the audited NL of JIC as at FYE 31 December 2019 of approximately RM140.95 million

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

HUAWEIHuawei Mate 60 Pro is the world’s first satellite calling phonePublished 6 days ago on August 29, 2023By Emiko MatsuiHuawei Mate 60 Pro satellite calling

Today, Huawei Mate 60 Pro launched as the world’s first phone with satellite calling feature. The company took this entirely new route to revolutionize satellite technology in mobile devices.

Huawei Mate 60 Pro users can directly call another smartphone using a satellite orbiting the Earth. This action happens without any mobile signal. Additionally, users can dial new numbers and receive incoming calls.

Currently, there are no details available on this matter. However, past information reveals that Huawei Mate 60 Pro is using China’s Tiantong-1 satellite system for its satellite calling features.

This is a satellite mobile communication system independently developed. It consists of a space segment, a ground segment, and user terminals. Currently, three of these satellites are in orbit.

What’s more interesting is that the satellite has no restrictions on signal coverage. This makes it seamlessly connected in mountains, oceans, plateaus, forests, and other scenarios.

To enable such tech, Huawei is using PA chips inside the Mate 60 Pro, which amplifies the signal and manages power consumption. A past report also suggests that the PA chips are developed domestically.

Last year, Huawei introduced the Mate 50 series with the first generation of satellite SMS, which allows only one-way SMS connectivity. In the Huawei P60 Series, Huawei upgraded this tech for two-way SMS conversation.

With this revolution, the latest satellite calling comes as a major achievement.

Repost: Secret to happiness and success

“Happiness and freedom begin with a clear understanding of one principle: Some things are within our control, and some things are not.”

i3ivestor forum comment, house rule (not under my control, so live with it) but you can choose to totally ignore those good for nothing cyber trolls.

In life you are going to come across many type of people so choose who are to be your friends and who to avoid/ignore because your future success will depend on this critical choice.

Please choose wisely.
Birds of same feathers do flock together.

The figures
Group EBITDA up 325% YoY to RM462 mil on the back of Revenue of RM3.2 bil
Group operating cash flow over RM1 bil.

And the facts
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.

2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 130,989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)

My article is now at number 3.
Thank all for reading the article.

TOP ARTICLES
1. Helping the B40+M40 is helping the T20: Is this the Madani government’s formula? save malaysia!
2. Sarawak will continue using RM - Abang Johari save malaysia!
3. CapitalA: My email Sslee blog

I3lurker is his normal self, trying to be extremly sarcastic.

He is a much better man compare to those Satanic Accuser, who cannot debate with facts/figures but using vulgarity to personal insult the opponent.

Acquisition on non-controlling interests: RM (52,061,000)
The acquisition of minority stake in PAA has added RM2.4bn to its retained loss but the impact was mitigated by the RM1.4bn remeasurement gain from consolidating TAA operations.

Paying RM52 million acquisition on PAA non-controlling interests and added RM2.4bn to Group retained loss sound very fishy.

https://klse.i3investor.com/blogs/Sslee_blog/2023-09-03-story-h-240972362-CapitalA_My_email.jsp

Send out this morning.

addition questions to CapitalA IR
As at 30/6/2023
Intangible assets: RM 4,698,958,000
Acquisition of a subsidiary:
Goodwill; RM 1,971,100,000
Landing rights: RM 1,971,900,000
2Q2023 - increase effective stake to 100% in Philippine Air Asia
An acquisition goodwill of RM 1,971,100,000 sound like a bailout for the non-controlling interest.
Question 3: Pre-acquisition what is the group effective holding in Philippine Air Asia?
Question 4: Pre-acquisition who is/are the non-controlling interest shareholder/shareholders?
Question 5: Is the deal a willing buyer, willing seller deal and why CapitalA did not publish the detail of the deal?

Next week mean anyday from next week Monday to Sunday

I have a bad feeling that if Bursa proceed to suspend the trading of the listed securities of the CapitalA and to de-list the CapitalA in the event CapitalA fails to submit its regularisation plan to the regulatory authorities on or before 7 October 2023, many retail investors will loss their hard earned money, no thank to the IBs analyst and CapitalA/Stony giving them false hope that very soon CapitalA will be uplifted from PN17.

Questions to CapitalA IR

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.

2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 130.989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)

Question 2: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000, net current liabilities RM (11,938,731,000), what is CapitalA plan funding in the next 12 months to meet the obligation of net current liabilities of RM (11,938,731,000)?

Question 3: Looking at the dire situation of CapitalA balance sheet is “Revised official submission deadline to October 2023, aim to execute the plan in 4Q23/1Q24” achievable or another request of extension in the making?
2Q2023
Capital and reserves:
Share capital: RM 8,659,652,000
Merger deficit: RM (5,507,594,000)
Other reserves: RM 266,894,000
Foreign exchange reserve: RM (1,657,962,000)
Accumulated losses: RM (10,151,810,000)
RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity RM (10,204,687,000)
​(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.

My questions to Tan Kam Meng (TA Securities analyst):
Question 1: From where you get the information, the company has submitted the draft document for consultation to Bursa Malaysia?

Question 2: What do you imply the increase in capital deficit would not derail its regularisation plan to uplift the company from PN17?

Question 3: Below are conditions to uplift the company from PN17, has capitalA done anything at all to comply with below conditions to uplift the company from PN17?

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;

Event that trigger PN17:
2.1​ Pursuant to paragraphs 8.04(2) of the Listing Requirements, where a listed issuer triggers any one or more of the following Prescribed Criteria it must comply with the provisions of paragraph 8.04 and this Practice Note:
​(a) ​the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer and such shareholders' equity is less than RM40 million;
​ (b) receivers or managers have been appointed over the asset of the listed issuer, its subsidiary or associated company which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​​(c) a winding up of a listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​​(d)​ ​the auditors have expressed an adverse or disclaimer opinion in the listed issuer's latest audited financial statements;
​ ​​(e) ​the auditors have expressed an emphasis of matter on the listed issuer's ability to continue as a going concern in the listed issuer's latest audited financial statements and the shareholders' equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer; or
​ ​(f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

Question 4: Had CapitalA already done the below Prerequisite for you to write: “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?
(a) ​All agreements to be entered into with third parties as part of the regularization plan have been duly executed by all parties to such agreements; and
​(b) where the regularization plan involves a compromise or arrangement with the PN17 Issuer's creditors, the PN17 Issuer has taken reasonable steps to procure the agreement-in-principle of such creditors.

Question 5: What do you mean/where do you get the information operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23?
As at 31/12/2022
Deposits, bank and cash balances: RM 469,985,000
Sales in advance: RM 1,428,011,000
As at 31/3/2023
Deposits, bank and cash balances: RM 589,594,000
Sales in advance: RM 1,546,450,000
As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000

Question 6: As at 30/6/2023: Deposits, bank and cash balances: RM 735,003,000. Sales in advance: RM 2,024,943,000. May I ask, using the advance sales/future revenue for current working capital how will that affect the future cash flow?

Question 7: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000), do you consider CapitalA is an insolvent company?

Benjamin Graham, "In the short run, the market is a voting machine but in the long run it is a weighing machine"

ChatGPT
Benjamin Graham is a well-known economist and investor, who is often considered the "father of value investing". The quote you mentioned is from his famous book "The Intelligent Investor", and it is often used to explain the difference between short-term and long-term investment strategies.

In the short run, the market is a "voting machine" because it is driven by the emotions and opinions of investors. People buy and sell stocks based on their perceptions of the company, the economy, and other factors, and the stock's price reflects the current sentiment of the market. In this sense, the market is like a voting machine, where each trade is a vote for or against a particular stock.In the long run, however, the market is a "weighing machine" because it is driven by the underlying fundamentals of the company. The true value of a stock is based on the company's financial performance, management, industry trends, and other factors that affect its long-term prospects. Over time, the market will reflect the true underlying value of the company, and the stock price will converge with its intrinsic value.

So, the quote is emphasizing that in the short term, the market price can be affected by emotions, sentiments, rumors and so on, but in the long run, the market price will be affected by the company's financial performance, management and so on.

https://klse.i3investor.com/blogs/Sslee_blog/2023-09-03-story-h-240972362-CapitalA_My_email.jsp

Feel free to comment.

What is CapitalA risk and reward?
Date Open Price Target Price Upside/Downside Price Call Source
30/08/2023 1.02 1.00 -0.02 (1.96%) SELL TA
30/08/2023 1.02 0.84 -0.18 (17.65%) SELL KENANGA

If CapitalA cannot submit PN17 regularisation plan on or before Bursa deadline of 7 Oct 2023, Bursa can either allow another extension or reject the request for extension and proceed to suspend and delist CapitalA.

Many people no more sharing insightful blog and comment at i3 due to Satanic Accuser repeatly copy and paste and flooding the whole i3 comment page with his big slander/fitnah banners.

Satanic Accuser should be condemned to eternal hell fire .

A long haul budget airline business modal can never be profitable. (You can check AAX past 10 years record)
https://klse.i3investor.com/servlets/stk/fin/5238.jsp?type=last10fy

The reason is Budget airline based on aircraft fast turnaround which long haul can't do.
And by the way business travel ( company paid business travel) will never use long haul budget airline. The mean cuatomers are budget tour/ tour group travel, which are seasonal.

目前，公司股东收益金超过4000万令吉，且连续4季持续盈利，我们相信将很快脱离PN17。目标价从90仙上修至1.01令吉，但评级从“买入”下修至“守住”。

Can someone with access to Maybank analyst report tell me what is 公司股东收益金超过4000万令吉 in the original english report?

Jaks facing cashflow problems will not be able to undertake anymore new job/project unless RI coming.

What ALP doing is signed many more MOU so that he can justified his fat cat CEO salarly + benefit and more LTIP free share grant.

Jaks q2 revenue RM 3,312,000
No even enough to pay finance cost of RM 6,177,000

Last Price : 0.235
Today's Change: +0.035 (17.50%)
Day's Change: 0.20 - 0.24
Trading Volume: 184,429,300

Rotating/syndicate play. It can be 1 day, 1 week or 1 month play. So make sure you are not the one holding the dead cat when the music stop.

INARI’S production of RF filters hits above 85% utilisation for an upcoming US flagship smartphone. Its optical communication segment is rebounding as hyperscalers prepare for AI-readiness. Its China venture has set RMB1b revenue target by 2028. We raise our FY24-25F net profit by 3% and 7%, respectively, lift our TP by 30% to RM4.17 (from RM3.20). Upgrade to OUTPERFORM from MARKET PERFORM.

Insas hold 537,008,575 inari share.
What is/will the market value of 537,008,575 inari share?
What is/will the share of profit from Inari to insas per year?
What is/will the dividend income from Inari to insas per year?

My TP at least RM 1.50 after Insas- WC expired on Feb 2026.

Sep 1, 2023, 00:50 UTC - Sep 2, 2023, 00:49 UTC
USD/MYR close: 4.64701 low: 4.62896 high: 4.64764

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

KEROSENE (PLATTS) FUTURES
Kontrak berkelanjutan
AKS1!
NYMEX
Pasar tutup
117.038USDD
+0.472
+0.40%


Brent crude futures rose above $88 per barrel on Friday, the highest since January, and were set to gain about 4.8% this week, underpinned by tightening supplies and expectations that OPEC+ leaders would extend output cuts through the rest of the year. Markets expect Saudi Arabia to extend a voluntary oil production cut of 1 million barrels per day into October, and for Russia to implement export cuts through next month as well. In the US, the latest data showed that crude inventories plummeted by 10.6 million barrels last week, far exceeding forecasts for a 3.3 million barrel draw. Meanwhile, a Reuters survey indicated that production from Iran rose to 3.1 million bpd in August, the highest since 2018.

i3lurker Income
we are talking whether it is a sin to copy Devil Man clothes or not.
I am telling him I copy everthing

No sin to copy but great sin copy and paste big slander/fitnah banner everywhere in i3 forum.
Satanic Accuser should be condemned to eternal hell fire .

SAPURA ENERGY BERHAD
Market Cap: 879 Million
NOSH: 15,979 Million
Avg Volume (4 weeks): 91,325,794
4 Weeks Range: 0.04 - 0.065
4 Weeks Price Volatility (%): 60.00%
52 Weeks Range: 0.03 - 0.065
52 Weeks Price Volatility (%): 71.43%

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description SAPURA ENERGY BERHAD ("SEB" OR "THE COMPANY")
MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 ("PN17") OF MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
We refer to our announcements dated 31 May 2022 (“the First Announcement”), 1 July 2022, 1 August 2022, 1 September 2022, 3 October 2022, 1 November 2022, 1 December 2022, 3 January 2023, 2 February 2023, 1 March 2023, 30 March 2023, 3 April 2023, 2 May 2023, 19 May 2023, 1 June 2023, 13 June 2023, 3 July 2023 and 1 August 2023 (“Announcements”) in relation to the Company being classified as an affected listed issuer and the disclosure requirements under Paragraph 4.1(c) of PN17. Unless otherwise stated, all abbreviations and terms used in this announcement shall have the same meanings as those defined in the Announcements.

The Board of Directors of the Company wishes to provide a status update on the Company’s efforts to address its PN17 status. Since the First Announcement, the Company has been advancing its plan to regularise the financial position of its group of companies.

The Company together with the appointed advisers are in the midst of developing and finetuning its Proposed Regularisation Plan to holistically restructure its business and financial condition.

Further to the Announcement made on 1 August 2023, the Company has participated in 1 additional CDRC mediated meeting with the MCF Financiers to seek feedback and refine the terms of the PSA.

As announced on 13 June 2023, Bursa Securities had, vide its letter dated 12 June 2023, granted the Company an extension of time of 6 months up to 30 November 2023 for SEB to submit its Regularisation Plan to the relevant regulatory authorities. With this extension, the Company has approximately 3 months to submit its Regularisation Plan to the relevant authorities for approvals.

The Company will make the necessary announcement(s) should there be any material development on the Regularisation Plan.
This announcement is dated 1 September 2023.

CAPITAL A BERHAD
Market Cap: 3,916 Million
NOSH: 4,211 Million
Avg Volume (4 weeks): 31,266,284
4 Weeks Range: 0.915 - 1.12
4 Weeks Price Volatility (%): 7.32%
52 Weeks Range: 0.56 - 1.12
52 Weeks Price Volatility (%): 66.07%

Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
MONTHLY ANNOUNCEMENT
Description CAPITAL A BERHAD ("THE COMPANY")

MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Reference is made to the Company’s announcements dated 8 July 2020, 27 May 2021, 7 January 2022, 13 January 2022, 14 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022,1 September 2022, 3 October 2022, 1 November 2022, 4 November 2022, 29 November 2022, 1 December 2022 and 21 December 2022, 3 January 2023, 2 February 2023, 27 February 2023, 1 March 2023, 4 April 2023, 2 May 2023, 1 June 2023, 15 June 2023, 30 June 2023, 3 July 2023, 27 July 2023 and 1 August 2023 (“Announcements”).

(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)

Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company and the appointed advisers are in the midst of formulating a regularisation plan to address its financial condition.

As announced on 27 July 2023, Bursa Securities had granted the Company an extension of time of three (3) months until 7 October 2023 for the Company to submit its regularisation plan to the relevant regulatory authorities. Therefore, the Company has approximately one (1) month to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same.

The Company will make the necessary announcement(s) regarding the development of the proposed regularisation plan accordingly
This announcement is dated 1 September 2023.

SAPURA ENERGY BERHAD major shareholder: PNB
CAPITAL A BERHAD major shareholder: Stony
Compare both the above annoucement who is more sincere and serious in preparing the PN 17 regularisation plan and who is play acting with bollywood dance?

AAX balance sheet already fulfill the lifting of PN17 but the other crucial requirements are:

1. No injection of capitalA aviation with billions of liabilities; and

2. No default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

From CapitalA quarter 2 financial report:
36. Subsequent event
On 16 August 2023, the Thai Bankruptcy Court (“Court”) commenced the proceedings to consider the business rehabilitation plan of Thai AirAsia X that was previously approved by the creditors in July 2023. The Court concluded that they have gathered sufficient evidence and information to make a decision. The Court has scheduled to render a decision in relation to the rehabilitation plan on 31 August 2023. The total amount to be written off for the Group is RM231.5 million after considering the recoverable amounts under the rehabilitation plan.
However, a provision for doubtful debt of RM223.0 million has already been made, the additional impact to the income statement of the Group will be about RM8.5 million.

Insas hold 537,008,575 inari share.
What is the market value of 537,008,575 inari share?
What is the dividend income from Inari alone per year?

I will not ask for bonus issue but I am all for better/fairer dividend and a MGO waiver for Company to do share buyback.

Insas hold 1,215,718,665 (60.83%) M&A EquityHholding Berhad

Substantial Shareholder's Particular:
Name INSAS BERHAD
Details of Changes:
Currency -

Date of Change Type Number of Shares
30-Jun-2023 Acquired 10,502,200
Registered Name M & A Nominee (Asing) Sdn Bhd for Montego Assets Limited
Nature of Interest Indirect Interest

Nature of Interest Indirect Interest
Shares Ordinary Shares
Reason Acquisition of shares in the open market.
Total no of securities after change
Direct (units) 206,627,756
Direct (%) 50.49
Indirect (units) 0
Indirect (%) 10.34
Total (units) 1,215,718,665
Total (%) 60.83
Date of Notice 05-Jul-2023

Congratulation finally PP price fixing over and someome working day and night promoting Jaks and today jaks start to move.

When will this someone sell jaks for 5 or 6 digits gain and all in CapitalA?

So insiders purposely press down price to benefit the PP. Once PP price fixing over jaks start to move again.

Is this action benefit the company or the would be PP subscribers?

More PP, LTIP and RI coming because Banks would not want to lend money to poor credit rating jaks

Thinking of buying kseng properties developer in Johor.