Given 1 year period to submit PN17 regularisation plan. Failed
Ask for and given 6 months extension to submit PN17 regularisation plan. Failed
Ask for and given 3 months extension till 7 Oct 2023 to submit PN17 regularisation plan.
If fail again then either Bursa give another extension or refuse the request for another extension and proceed to suspend and delist CapitalA from Bursa.

Even Stony can't talk the talk and walk the walk and you expect IR to give you the answer on when capitalA can submit the PN17 regularisation plan?

Capital A Bhd is optimistic about its potential growth this year, following a strong rebound in travel demand post Covid, and expects to be out of Practice Note 17 (PN17) status by the end of this year, said chief executive officer Tan Sri Tony Fernandes.

He said the investment holding group, which is involved in aviation, logistics, lifestyle, and financial services ventures, plans 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.

“We hope to submit to Bursa somewhere between February and April. Once we get the approval, then we will go through it,” he told reporters on the side-lines of the airasia Super App rider and driver appreciation event here on Thursday (Jan 12).

Capital A fell into the PN17 list of Bursa Securities, a categorisation for distressed entities, in January 2022.

Know how many time the CapitalA IR/Management mislead IB analyst during analyst briefing given to IB analyst on date of submitting PN17 regularisation plan?

Hope this year AGM will be a physical AGM then I can put forward my argument forva fair and equitable dividend and a dividend policy since Insas do not need to keep the cash hoarding for M&A securities.

Should i push up to break the 52 weeks high to 88 cents?

Post removed.Why?

So tell me can CapitalA come out wirh a regularisarion plan that able to address:

​(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; FAQ 8.186

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: FAQ 8.24
​ ​ ​
​ ​(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;

So under which criteria CapitalA trigger the PN17?

Criteria
​ ​ ​
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: FAQ 8.17
​ ​ ​
​ ​(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; FAQ 8.18
​ ​ ​
​ (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; FAQ 8.19
​ ​ ​
​ (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 FAQ 8.18, FAQ 8.20
​ ​ ​
​ ​(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

Bankers, institute investors and fund managers deserved to be cheated by SD Karim for their greed.

CapitalA as PN17 companies no bankers, institute investors nor fund managers will take risk to invest in CapitalA as shareholders. Most of CapitalA shareholders are mostly retail investors or Suiyee Sucker Billis. They deserved to be told the truth.


KUALA LUMPUR (Aug 17): Serba Dinamik Bhd may be delisted from the Main Market of Bursa Malaysia on Aug 28, as Bursa Securities has rejected the troubled oil and gas company's application for more time to submit its regularisation plan.

The Practice Note 17 (PN17) company has until Aug 23 to appeal against the delisting, according to a Bursa Malaysia filing on Wednesday (Aug 16).

With Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)
It will be the greatest magic ever perform by anyone if Stony can lift CapitalA' PN17 status before year-end

Mabel
Fair enough, Capital A Berhad is likely to announce its PN17 regularisation plan this month and submit it for approval to Bursa Malaysia next month. The company expects to complete the implementation of its PN17 regularisation plan in the fourth quarter of 2023 (4Q23). It aimed for the PN17 status to be lifted before year-end.

I make my last replied to below email and sold my last 500 units and now no more a minority shareholders of HRC.

Without Prejudice

Dear Mr. Lee,

We refer to your email dated 12 June 2023.

Please take note that that the Company has diligently addressed all relevant queries/questions including issues raised by the respective shareholders during the AGM and written advice post AGM in accordance with the regulatory requirements.

We have reported that all whistle-blower complaints have been thoroughly investigated without evidence of any malpractice and mismanagement. The year end accounts have also been audited by our external auditors. As such, we have nothing more to add.

As part of good corporate governance practice, we hold firm to the separation of ownership and management. All internal investigation reports are the proprietary property of the Company and accordingly we will not respond to your email.

Despite the Company's previous responses to you, and at the AGM, your repeated allegations of malpractice and mismanagement are in our opinion, appear to be with the intent to damage the reputation and integrity of the Company and its Management. This could impede the Company and its Management from carrying out their business in a smooth manner, which could in turn affect the Company’s valuation.

Please be on notice that the Company will not hesitate to take all necessary actions to protect our integrity and the interest of all stakeholders, including all other shareholders at large.

Our rights are reserved.

Thank you.

Corporate Affairs Department
Hengyuan Refining Company Berhad

Just wait and see what Stony can come out with PN17 regularisation plan without capital injection or debt restructure to pare down debts and start aflesh like many other airlines did before you salute AA too early.

CapitalA stay afloat by using advance sale for current working capital and roll over debts to next quarter with increasing interest payment. So how long can this last?


Posted by Mabel > Aug 16, 2023 5:49 PM | Report Abuse
Indeed!
Just like SIA, CapitalA AirAsia was also paralysed by the pandemic without any revenue. However, unlike SIA with Big Brother Temasek cumming to the rescue, CapitalA took many initiatives to revive and stay afloat without any help from the Malaysian Government.

Now you know why we salute Air Asia..

i3lurker You misunderstood.
This Theory says if you do not understand, you can still buy provided you understand that you do not understand

Agree ignorance is bliss. Only in Malaysia a PN17 company like CapitalA that twice postphone submitting PN17 regularisation plan and with below balance sheet:
Balance Sheet as at 31/3/2023 :
Net current liabilities: RM (8,524,896,000)
And Net total assets/total equity : RM (9,376,200,000)
Is now worth:
Market Cap: 4,631 Million
NOSH: 4,210 Million
Avg Volume (4 weeks): 30,966,036
4 Weeks Range: 0.82 - 1.10
52 Weeks Range: 0.56 - 1.10

As business development manager when travel with boss for business meeting and dinner, the boss told me I am there to drink on his behalf so that the boss can have a clear mind for the business talk.

I must be very lucky to have free dinner and drink as it is part of my job.

No wine please this is AA not SIA.

You can have a look at the menu and get ready your payment before make your order.

"what goes up, must come down.The faster it goes up, the faster it comes down."

So better put on the seatbelt at all time as you do not know when it will hit the air turbulence.

wWhat was the net cash flow last quarter?

At least I have some idea on glove and Petrol Chemical than "buy what you understand"👌

Last quarter mean Q1 2023. Next quarter mean before end of this month Q2 2023 financial result.

Whether H2 will be better or worst than H1 all depend on would be crack spread and USD to MYR exchange rate in H2 compare to H1.

You just need to monitor would be mogas95, diesel, jet fuel, brent crude and USD to MYR exchange rate in H2.

Why not you tell us what is the net cash flow last quarter?

If Q1 2023 is an indicator
Group Revenue : RM2.5 billion
Group EBITDA & Profit after tax : RM502 million & RM26 million

Can NPAT of RM26 million do anything worthwhile to the balance sheet?

2 more week to Q2 financial result so seatbelt light is on turbulence ahead

Q1 NPAT 108.7 million. EPS 40 3 cent
If Q2 NPAT 42.2 million. EPS 15.6 cent
So H1 EPS 55.9 cents

Year 2023 EPS should be more than RM1+

If you look at current mogas95, diesel, jetfuel and brent crude price the crack spread is very high compare to Q2 or Q1. If this crack spread can maintain till year end then Q3 and Q4 should be a better quarter than Q1 and Q2.

Without disposal gain most likely will be many more loss making quarter to come.

Someone already so fast q sell at
0.195 , 0.20, 0.205 yg masih berenang
0.21 , 0.215 harap dpt pancing Hari ini ..

In that case, I will q buy Insas-WC 0.165

buckle up sit tight and have your hands and feet inside the place at all times.......

It sound like per annoucement before the final word brace yourself crash landing.

Luckly it's not a Tesla otherwise both car will be on fire.

The last time someone promote PA, Insas-WC overtake PA.
This time I am looking forward to Insas-WC overtake Jaks.

Jaks: 0.2
Insas-WC: 0.17

Go go go Jtiasa.
Go go go Insas cantik
Oop wrong forum.

MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
JAYA TIASA HOLDINGS BHD

Type Announcement
Subject MONTHLY PRODUCTION FIGURES (MINING / PLANTATION / TIMBER)
Description MONTHLY CROP AND LOGS PRODUCTION
The Company wishes to announce the crop and logs production of the Group for the month of July 2023 as follows:

Product Production
Fresh Fruit Bunches 110,269 metric tonnes
Crude Palm Oil 22,712 metric tonnes
Palm Kernel 5,300 metric tonnes
Logs 4,058 cubic metres

Note: Petron Corp H1 result/cumulative 6 months end 30/6/2023:
Net profit after tax Peso 6,142 million
Attributed to:
Equity holder: P 5,648 million
Non controlling interest: P494 million

Compare to H1 end 30/6/2022
Net profit after tax Peso 7,706million
Attributed to:
Equity holder: P 6,761 million
Non controlling interest: P945 million

Petron Corp Q2 result:
Net profit after tax Peso 2,743 million
Attributed to:
Equity holder: P 2610 million
Non controlling interest: P133 million.
Assume noncontrolling interest refer to Petronm which Petron hold 73.4% petronm thus noncontrolling interest is 26.6 %
MYR to Peso at 30/6/2023: 11.84
Thus Petronm NPAT: P133/0.266= P 500 million
MYR 500/11.84= RM 42.23 million

The negative balance of Equity reserves increased from P16.89 billion to P= 19.67 billion on account of the translation loss on investment in Petron Malaysia as a result of the weakening of Malaysian Ringgit against the US dollar.

Starting March 31, 2012, the Group’s exposure to foreign currency risks also arise from US dollar-denominated sales and purchases, principally of crude oil and petroleum products, of Petron Malaysia whose transactions are in Malaysian ringgit, which are subsequently converted into US dollar before ultimately translated to equivalent Philippine peso amount using applicable rates for the purpose of consolidation.

Oil Market
Year-on-year prices of Dubai declined by 22% to $79.0/bbl in 1H 2023 vs. $101.8/bbl in the same
period last year, with the global economic slowdown resulting to reduced economic activity.
Product cracks also weakened with gasoline cracks declining from $26.4/bbl in 1H 2022 to
$17.6/bbl in 1H 2023, diesel cracks from $36.6/bbl to $22.1/bbl, and kero-jet cracks from $27.7/bbl
to $20.2/bbl.

Can only hope Q3 will be a better quarter because of better crack spread and MY to strengthen against USD

I was just married when I work as shift manager and have my first son.

My wife cannot cope up with baby and life in Kemaman (far away from her family) so I resign after serving my 5 year contract and move back to Selangor (near my father in-law house)

Just beware Bplant q2 result will not be good without any disposal gain.

KUALA LUMPUR (June 19): Boustead Plantations Bhd (BPlant) shot up as much as 12 sen or 13.48% to an all-time high of RM1.01 in Monday (June 19) morning trading, after The Edge Malaysia weekly, citing sources, reported that Boustead Holdings Bhd is planning to divest its 57% stake in the plantations group. Year-to-date, it has risen 70.18% or 41.65 sen from 59.35 sen

Meanwhile, 49.31 million shares traded hands, making BPlant the sixth-most traded counter on Monday. The volume of traded shares was almost 25 times its 200-day average of 2.21 million.

According to the weekly magazine, bidders include YTL Group, Wilmar International Ltd, IOI Corp Bhd and Kuala Lumpur Kepong Bhd

In a note on Monday, PublicInvest Bank said it estimated that BPlant could have an enterprise value (EV) of RM2.5 billion to RM3 billion, thanks to its vast tracts of lands in Malaysia, which include strategically located parcels that are suitable for property development.

The Edge Malaysia as business news portal has every right to chase and report business unconfirmed deals. Something is definitely brewing in Boustead Plantations for share price to suddenly shoot up from 64 cents on 08/06/2003 to high of RM1.01 on 19/06/23 in just 7 trading days (It can also be the work of pump and dump syndicate)

BOUSTEAD HOLDINGS BERHAD'S CLARIFICATION ON NEWS ARTICLE TITLED "BOUSTEAD SAID TO BE DISPOSING OF PLANTATION ARM" BY THE EDGE MALAYSIA
We refer to the news article titled “Boustead said to be disposing of plantation arm” which appeared in The Edge Malaysia newspaper dated 19 June 2023.

The Company having made due inquiry with its Board of Directors, its major shareholders and all such person reasonably familiar with the matter, the Company wishes to confirm that the Company have not entered into any agreement involving the disposal of its stake in Boustead Plantations Berhad. The Company continues to focus on its business plan and value creation for its stakeholders and investors.
This announcement is dated 20 June 2023.

So do the above clarification by Boustead Holding helpful in making Bursa an efficient, vibrant, fair and orderly market?

Why can’t Boustead Holdings Bhd just answer to the point that Boustead Holdings Bhd did or did not invite bidders including YTL Group, Wilmar International Ltd, IOI Corp Bhd and Kuala Lumpur Kepong Bhd to bid for its 57% stake in the Boustead Plantation Bhd?

How this will end and who will end up as the winner and loser is yet to be played out but for sure Bursa as an efficient, vibrant, fair and orderly market is a bridge too far.

I once working as shift manager in Kemaman with an international company Tioxide producing TIO2. The company have a policy to recuit local poor from surrounding area to help them to earn a consistant salarly as labor workers doing packing job so no qualification required.

But unfortunately many resign after a few weeks as they cannot adept to working shift especailly night shift lifestyle.

So no point bringing petro chemical industries to Terengganu, it is better to teach/help local how to be productive farmer or fisherman.

Now Tun M embraced PAS and play his Ketuanan Malay card just to save his and his famaly unexplained extraordinary wealth.

This is what Tun wrote on Malay backwardness due to PAS islam then.

Tun’s book; “A Doctor in the House”
Chapter 36: Islam and Islamisation.

Tun had explained in length the golden era of Islamic Civilisation, where Islam emphasized on the need to read (Iqraq). Thus early Muslims apparently read the works of the Greeks, the Indian, the Chinese and the Persians. More than that, they carried out their own researches to add up to their body of knowledge in many fields. It was well documented that Muslim scholars are the one who pioneered astronomy, algebra, the study of disease and medicine, celestial navigation, and more.

For centuries, Muslims were well ahead of other civilisation in the mastery of the sciences, medicine and mathematics. But around the Fifteenth century, new interpretations began to spread, saying that (Iqraq) referred to the reading and acquisition of religious knowledge only. And unfortunately, Muslims and their religious teachers stress more on “fardhu ‘ain” (the performance of prayers, fasting, alms-giving and the Haj) which earns merit only for oneself is more important in the afterlife than the “fardhu kifayah”, the injunction which required that Muslim communities must have among them individually whose ability and actions will serve in the defend and promotion of the welfare of their communities and of Islam itself.

Almost immediately after such teaching, the Muslim civilisation regressed whereas the European Christians, who were then living in the Dark Ages, noticed the superiority of Muslim civilisation and decided to acquire the knowledge of the Muslim. They learnt Arabic and studied scientific and other books in the great libraries of the Muslim world and make translation first into Latin and then into other European language. Thus the European Christians rapid advancement in science and technology and with their much-improved weaponry, they were able to project their power in many Muslim lands and to the Far East.

On Chapter 58: Education
Although I was Minister of Education, the details of the Islamic syllabus were determined by Pusat Islam.

Unfortunately, the syllabus that was adopted neglected instruction in the Islamic way of life and its character-building values (ad-din). Emphasis was instead placed largely on the proper performance of the rituals. Islam was taught as a religion of ritual, of dos and don’ts of formalistic requirements and prohibitions, not as a religion of far-reaching human and moral responsibility, not as a way of life. Worse, many of the Islamic religious teachers were supporters of PAS, who took opportunity — and abused their position and public trust — to implant political creed and outlook into the minds of their young students.

Although religious teachers were of junior status in most school, they were powerful. Even the head teachers dared not discipline them for fear of being accused of failing to respect religion.

You just need to walk into any sekolah kebangsaan with agama/Jawi writting on the wall to know PAS already take over the school.

The untiy government is trying to change this with a small step to place important on Rukun Negara

KEPERCAYAAN KEPADA TUHAN
KESETIAAN KEPADA RAJA DAN NEGARA
KELUHURAN PERLEMBAGAAN
KEDAULATAN UNDANG-UNDANG
KESOPANAN DAN KESUSILAAN

DAP should talk less and work hard to win the Malay votes to unity government.

Moo is just trying to save his own skin from the corruption cases he is charged with in court.

He has nothing to offer except playing up race and religion divisive issue to pull down unity government.

I once working as shift manager in Kemaman with an international company Tioxide producing TIO2. The company have a policy to recuit local poor from surrounding area to help them to earn a consistant salarly as labor workers doing packing job so no qualification required.

But unfortunately many resign after a few weeks as they cannot adept to working shift especailly night shift lifestyle.

So no point bringing petro chemical industries to Terengganu, it is better to teach/help local how to be productive farmer or fisherman.

All need to work together or alse we will fall far behind our neighbor countries.

I workad as expat in Indonesia because of my special skil in oleo-chemical and I do not want to see in year to come Malaysians need to work as cheap labour in neighbour countries.

My second son who study in NUS and now working in Singapore already a Singapore PR.

Yesterday me joining a morning chi kung exercise class and I was impressed with local indonesians that sang their national anthem and waving their merah-putih flag in preparation for their national day on 17 Aug.

No more after Aug 12 - Anwar - YouTube https://m.youtube.com/watch?v=D30bhFH-l8c

Introduce religion study into sekelah kebangsaan has empowered PAS to brainwash many children at the very young age.

The trend is very difficult to be reversed. The next GE will depend on Sabah and Sarawak to save Malaysia

The price will move up/down/sideway till the Q2 financial result is out be fore end of this month.

There after the price will move one way when Stony run out of bollywood dance steps/moves and is forced to come up with PN17 regularisation plan or face suspension and delist.

Meawhile enjoy the bollywood dance
https://youtu.be/jk3_rBiFxD4

The problem with 3 minute charging is if everyone charge their car at the same time then all blackout (power outage)

I am very happy with my investment in Bplant:
For the record:

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

DIvidend earned from Bplant for the last 3 years as above total RM 128,978.50

My trading gain:
Sold: RM 1,182,039.67
Bought: RM 1,119,118.55
Trading Gain: RM 62,921.12

Fact is fact so can someone good at twists and turns and hanging big fitnah banner please write something positive from the capitalA' financial report.