CAPITAL A’S Q1 RESULTS SHOW THE BIRTH OF LOW-COST, VALUE-DRIVEN AVIATION & TRAVEL SERVICES GROUP

PROFITABLE START TO 2023 WITH EBITDA SURGING TO RM502 MILLION DESPITE ONLY OPERATING 69% OF 2019 SEAT CAPACITY
REVENUE OF RM2.5 BILLION SIGNALLING STRONG GROWTH
OPERATING CASH FLOW OF RM529 MILLION - HIGHEST LEVEL SINCE THE ONSET OF PANDEMIC

Group Revenue : RM2.5 billion

Group EBITDA & Profit after tax : RM502 million & RM26 million

RASK, CASK & CASK ex-fuel : USc 4.51, USc 4.49 & USc 2.54

Activated aircraft : 157 (142 operating and 15 spare aircraft)

No. of engineering lines : 7 lines for base maintenance

No. of delivery by Teleport : 5.7 million

MAU of airasia Superapp : 12.9 million

BigPay’s carded users : 1.4 million

Figures don't lie, but liars figure."

-Mark Twain

Through this early quote, Mark Twain ruminates about deceptions run rampant; numbers used by phony wizards as illusions of truth, while feeding people's hunger for answers prescribing the calming paregoric of snaky prevarications.

sinkalan2015 I suggest you guys to look at 2019 result before your comment.
01/06/2023 12:05 AM

2019 without covid a loss making year so mind telling us what you try to say?

Financial Year: 2019
Quarter
Revenue
PBT
NP
NP to SH
EPS

31-Dec-2019: 3,359,229: -232,468: -385,430: -384,483: -11.50
30-Sep-2019: 3,066,262: -347,601: -67,640: -51,443: -1.50
30-Jun-2019: 3,140,345: -202,469: 46,813: 17,940: 0.50
31-Mar-2019:: 2,881,027: 214,306: 101,609: 96,089: 2.90

As announced on 21 December 2022, Bursa Securities had granted the Company an extension of time of six (6) months until 7 July 2023 for the Company to submit its regularisation plan to the relevant regulatory authorities.

Time is running out for CapitalA. The counter will be suspended from trading if Bursa do not granted another further extension.

Hold/Buy at your own risk.

This quarter still got foreign exchange gain of RM 44,773,000 previous quarter foreign echange gain was RM 207,722,000.

By quarter 2 ended 30/6/2023 if USD to MYR stay about 4.6+ then quarter 2 will suffer a forign exchange loss of RM 200+ million

CapitalA just wants to report a good set of EBITDA by transfering the Aircraft lease expenses as Depreciation on right of use asset (326,002,000)

With quarter EPS of 1.4 cents.
Will need 133/1.4 = 95 quarter of EPS 1.4 cents to turn NAPS of -133 cents to NAPS of zero.

So is that a good quarter????

Post removed.Why?

Post removed.Why?

Q1 ended 31/3/2023
Revenue: RM 2,529,713,000
NP: RM 26,013,000
NP to SH: RM 57,095,000
EPS: 1.40 cents
NAPS: RM - 1.33

Tomorrow possible Limit Down????

Pepost from CapitalA forum:

Posted by Sslee > May 31, 2023 7:07 PM | Report Abuse X

CapitalA
As at 31/3/2023: As at 31/12/2022
RM'000: RM'000
Net current liabilities: (8,524,896): (8,509,066)
Equity
Owner of the Company: (5,553,254): (5,725,093)
Non-controlling interests: (3,822,946): (3,791,865)

From AAX:
Importantly, AirAsia X’s shareholders’ equity has demonstrated a positive turnaround to RM40.8 million, from a negative shareholders’ equity of RM285.2 million in the preceding quarter, which now paves the way for AirAsia X to address its Practice Note 17 classification, subject to regulatory approval.

So capitalA equity is still negative RM 5,553,254,000.
Perhap Stony should step down and let AAX CEO to run magic in turning the equity from negative to positive in next quarter.

With Net current liabilities of RM(8,524,896,000) can CapitalA stay afloat for the next 12 months?

CapitalA
As at 31/3/2023: As at 31/12/2022
RM'000: RM'000
Net current liabilities: (8,524,896): (8,509,066)
Equity
Owner of tge Company: (5,553,254): (5,725,093)
Non-controlling interests: (3,822,946): (3,791,865)

From AAX:
Importantly, AirAsia X’s shareholders’ equity has demonstrated a positive turnaround to RM40.8 million, from a negative shareholders’ equity of RM285.2 million in the preceding quarter, which now paves the way for AirAsia X to address its Practice Note 17 classification, subject to regulatory approval.

So capitalA equity is still negative RM 5,553,254,000.
Perhap Stony should step down and let AAX CEO to run magic in turning the equity from negative to positive in next quarter.

With Net current liabilities of RM(8,524,896,000) can CapitalA stay afloat for the next 12 months?

I average down my Petronm to 4.6040 today Petronm closed at 4.63 sudah ada free bintang beer.

Wonder did someone average down his HRC to RM3+ and now more book loss?

How to earn more money when Stony wants airfares to go lower.

8 days ago
Sky-high airfares have peaked, budget airline tycoon says
Airline ticket prices have peaked, at least in the market where budget carrier AirAsia operates, according to its founder Tony Fernandes (picture).

“We are there or thereabouts,” Fernandes said in an interview on the sidelines of the Qatar Economic Forum in Doha. “We don’t want it to go any higher, we want it to go lower. We want to stimulate more traffic, so I think they’ve peaked.”

How to eran more money when Stony want airfares to go lower.

8 days ago
Sky-high airfares have peaked, budget airline tycoon says
Airline ticket prices have peaked, at least in the market where budget carrier AirAsia operates, according to its founder Tony Fernandes (picture).

“We are there or thereabouts,” Fernandes said in an interview on the sidelines of the Qatar Economic Forum in Doha. “We don’t want it to go any higher, we want it to go lower. We want to stimulate more traffic, so I think they’ve peaked.”

Urea futures fell below $300 per tonne in late May, the lowest since the opening days of 2021 as feedstock prices continued to slide. Abundant LNG imports and restructured supply chains increased the availability of natural gas in Europe. In the meantime, rising interest rates reduced expectations of future demand, lowering European and US natural gas prices. Also, major importer India continued to buy Russian fertilizers at discounted prices after the Kremlin snubbed European exports, freeing the flow from the giant Middle Eastern producers to Eurasia. Additionally, high inventories in Brazil cut the demand for one of the world’s leading agricultural producers. Previously, shortages of energy feedstock in Europe drove fertilizer plants to shut down or operate well below capacity, sending urea prices to a record $1050 per tonne in April 2022.

More discount SKP and Pchem coming?

By Justin Lim | theedgemalaysia.com | 2023-05-31 01:24:41
KUALA LUMPUR (May 31): SKP Resources Bhd’s net profit fell 63.31% to RM20.09 million in the fourth quarter ended March 31, 2023 (4QFY2023) from RM54.76 million a year ago, dragged by rising production costs.

In a bourse filing, it said production costs rose due to higher manpower costs, lower manufacturing plant utilisation rate and a softer order book. This resulted in gross profit margin dropping to 8% from 14% previously.

Revenue dropped 13.8% to RM500 million in 1QFY2023 from RM580.06 million a year before.

For the full FY2023, SKP Resources posted a net profit of RM144.49 million, down 16.67% from RM173.40 million in FY2022, despite revenue growing 9.06% to RM2.53 billion from RM2.32 billion, no thanks to a higher increase in cost of sales to RM2.21 billion from about RM2 billion previously, higher operating expenses of RM152.11 million as opposed to RM125.42 million previously, while other operating income about halved to RM11.21 million from RM21.05 million.

Going forward, SKP Resources said the group will remain vigilant in view of the challenging macroeconomic outlook, and that it will continue to focus on managing its manpower and supply chain to ensure cost optimisation at its manufacturing bases.

The group also said it will continue to expand its printed circuit board assembly, injection moulding and engineering capabilities.

Shares of SKP Resources closed unchanged at RM1.02 on Tuesday (May 30), giving the electronics manufacturing services player a market capitalisation of RM1.59 billion.

Year-to-date, the stock has fallen 37% from RM1.61 on Jan 3, 2023.

Edited by Tan Choe Choe

Despite additional 14 new stores opening, CVS's current quarter sales were flat against the preceding quarter mainly due to lower average store sales caused by weaker consumer sentiment.

Segmental information
Segment information in respect of the Group's business segments for the 4th quarter ended 31.3.2023
RM'000: RM'000
Sales: PBT
Marine Products Manufacturing: 307,138: 41,198
Palm Oil and Clean Energy: 167,251: 14,369
Integrated Livestock Farming: 778,818: 49,538
Convenience Store Chain 221,396: 7,408
Total: 1,474,603: 112,513

EPS:
Q4 ended March: 3.01 cents
Q3: 3.99 cents
Q2: 3.86 cents
Q1: 3.39 cents

So Q4 is the worst quarter earning. Very well done. Anyway congratulation for dividend of 7 cents, a 1.26% yield.

http://www.insage.com.my/ir/cmn/trps03/Agm_Egm.aspx?Symbol=4723

SHAREHOLDERS’ QUESTIONS
EXTRAORDINARY GENERAL MEETING OF THE COMPANY
Date : 3 March 2023, Friday
Time : 3:00pm
Location : Tricor Leadership Room, Unit 32-01, Level 32, Tower A, Vertical Business Suite,
Avenue 3, Bangsar South, No. 8, Jalan Kerinchi, 59200 Kuala Lumpur, Malaysia
No. Queries Responses

1 Has JAKS received dividend from its’ joint venture entity, JAKS Hai Duong Power Co
Limited (“JHDP”)?
A total of RM70.12 million of dividend has been remitted to JAKS for year 2022.
Please refer to the cashflow statement in our quarterly result for 31 December 2022.

2 What is the status of the subscription of additional 10% stake in JHDP?
We are in the process of negotiating with financial institutions on the 10% option subscription JHDP. Any decisions made in regards to the exercise will take into account the interest rate climate and financing terms which are favourable to us. Any material updates on the matter will be announced.

So moving forward more tender jobs and more losses.

Moving forward, the construction segment will focus onto the completion of outstanding orderbook of c.RM200.0m. We gather that the tenderbook remains healthy at RM2.00bn, mainly for hospital-related and water-related infrastructure jobs in relation to flood mitigation projects. We have imputed an orderbook replenishment assumption of RM50.0m for FY23f

Since AAX is out of PN17 (by some smart accounting) now Stony can start to think how to inject CapitalA aviation with billions liabilities to AAX.

Importantly, AirAsia X’s shareholders’ equity has demonstrated a positive turnaround to RM40.8 million, from a negative shareholders’ equity of RM285.2 million in the preceding quarter, which now paves the way for AirAsia X to address its Practice Note 17 classification, subject to regulatory approval.

PN17 critiria:
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

Quarter end 31th March 2023 the shareholders' equity is at positive RM 40.8 million. So AAX already out of PN17.

No worries very soon all Politicians will not need to use their brain to think before speaking they will have ChatGPT for them to make a politically right speech all the time.

The lower profit was mainly due to lower share of profit in the Vietnam joint venture of RM28.3 million as compared to RM33.9 million recorded in the first quarter of the preceding year as
the joint venture had incurred higher interest expenses, in view of rising interest rates.

Quarter ended March 2023
RM'000
Other Operating, Administrative Expenses: (14,875)
Finance cost: (5,723)

With local business continues bleeding. Aseng can kiss goodbye to his TP.

Petronas Chemicals - Not Out of the Woods Yet; D/G to SELL
Date:
2023-05-30
Firm:
RHB-OSK
Stock:
PCHEM
Price Target:
6.00
Price Call:
SELL
Last Price:
6.87
Upside/Downside:
-0.87 (12.66%)
Cut to SELL from Neutral, new MYR6 TP from MYR6.89, 13% downside. Petronas Chemicals’ 1Q23 results missed expectations due to weaker margins. The overall petrochemical market and specialty chemicals outlook remain unexciting amidst a weak recovery in demand. In the near term, we think the stock’s catalysts are lacking, while start-up costs for petrochemical plants at Pengerang Integrated Complex (PIC) could dampen margins.
Missed expectations. 1Q23 core earnings of MYR677m (-67% YoY; -29% QoQ) missed expectations, at 13% and 14% of our and Street full-year estimates. The negative variation was largely led by weaker-than-expected margins. No dividend was declared, as expected.

https://tradingeconomics.com/commodity/brent-crude-oil

https://www.tradingview.com/symbols/NYMEX-AV02%21/

https://www.investing.com/commodities/nymex-singapore-gasoil-platts-c1-futures-historical-data

Each barrel of crude oil is refine breakdown into 3 major component product, with largest component is diesel, second is RON gasoline and lastly refine jet fuel

1. Gasoil/diesel crack spread chart (historical highest level range)
https://www.tradingview.com/symbols/NYMEX-GOC1%21/

2. Gasoline/petrol RON 92 crack spread spread chart (normalize level range)
https://www.tradingview.com/symbols/NYMEX-D1N1%21/

3. Kerosene/ jet fuel crack spread (at historical highest range level)
https://www.tradingview.com/symbols/NYMEX-ASD2!/

Posted by zhen wei & JP > May 30, 2023 12:57 AM | Report Abuse
Over 40 fund has submitted their request. Pending finalization

CapitalA need billions in capital injection from Pak Arab or debts restructure, capital reduction and share consolidation like what AAX had gone thro' to get out of PN17.

Amounts due from related parties: RM 311,479,000.
CapitalA collect the ticket sales money but has yet to pay AAX.

Lease liabilities
As at As at
31/03/2023 31/12/2022
RM'000 RM'000
Not later than 1 year: 20,757: 57,033
Later than 1 year and not later than 5 years: 764,728: 285,165
Later than 5 years: 340,528: 720,284

AAX get a very good deal in leasing the planes from leassors. So next year about 5+ million a quarter then next 1- year 5 aboout 180+ million per year.

This Quarter: Maintenance and overhaul: RM (63,490,000). It must cost a lot to activate the rest of grounded planes?
The Group currently operates 9 aircraft and expects 16 aircraft to be operational by end of 2023 to support its expansion plans and maximise the value to the Group.

Profit for the financial period RM 327,998,000
If less reversal of provisions on debts and investments amounting to RM265.9 million
The Profit should be RM (327.9 - 265.9)= 62 million

Anyone can explain the below?

IAAX has been dormant since FY2020. The Group has discontinued the recognition of its share of losses incurred by IAAX as the Group's interests had been reduced to zero. As at 31 March 2023, the unrecognised amount of the Group's share of loss of IAAX which have not been equity accounted for amounted to RM304.7 million.

The Company’s joint venture, IAAX received a Tax Underpayment Assessment Letter from the Indonesia Tax Office (“ITO”) requesting IAAX to pay RM200.7 million relating to underpayment of tax in respect of the fiscal year 2017. The ITO is currently performing tax audits on IAAX in respect of the fiscal years 2018 and 2019 which are expected to be concluded no later than December 2023 and December 2024 respectively.

Whilst the tax audits for fiscal years 2018 and 2019 have not been finalised, it is possible that the ITO would use the same approach as the tax audit for the fiscal year 2017 which may result in additional tax to be paid by IAAX.

IAAX is disputing the Tax Underpayment Assessment Letter in respect of the fiscal year 2017 and has submitted objection letters on 28 November 2022. In the event the dispute is ruled in favour of the ITO, it is unlikely that IAAX will be able to pay the additional tax.

Based on the prevailing tax regulation in Indonesia, tax collection actions shall be carried out against “tax bearers” of corporate taxpayers in the event of non-payment by the corporate taxpayers. Tax bearers are defined under the tax regulations to include shareholders of corporate taxpayers. Accordingly, the Company as a shareholder of IAAX may be responsible for the settlement of IAAX’s tax payable of RM98.3 million for fiscal year 2017, computed based on the Company’s equity interest in IAAX.

The AAX Management are of the opinion that it is more likely than not that an outflow of resources by the Group and by the Company in respect of IAAX’s tax payable will occur. Accordingly, a provision for additional losses in respect of investment in IAAX of RM127.3 million is made as at 31 March 2023 (31 December 2022: RM223.3 million). This amount includes the AAX Management’s estimates of the Company’s share of additional tax payable by IAAX for the fiscal years 2018 and 2019, determined based on the level of operations for the fiscal years 2018 and 2019 and based on the same approach as the tax audit for the fiscal year 2017.

Without the reversal of provisions on debts and investments amounting to RM265.9 million what will be the operation profit?

This time will be RI with free warrants again

Petronm Q1 EPS 40.30 cents
HRC Q1 EPS negative 40.18 cents.

If you have bought Tesla at beginning of year, you are already up 78.70 %

193.17 USD +85.07 (78.70%)year to date

qqq3,
You are right. People like Philip, Icon888 and choivo capital already migrate to US market.

By the way I am very motivated to collect Pchem below Philip cost.

Methanol price
Jan: USD 389
FEB: USD 376
March: USD 361
April: USD 353
May: USD 341

Urea
Jan: USD 444
Feb: USD 358
March: USD 314
Apri: USD 314

I3lurker,
Petchem quarter ended 31 March result out
Save by Fertilisers and Methanol profit. Look like need to wait another very bad quarter to collect Petchem below Philip cost.

Segment profit for the period 1
Individual quarter ended 31 March
In RM Mil 2023: 2022
Restated
Olefins and Derivatives: 170: 733
Fertilisers and Methanol: 533: 1,172
Specialties: (29): 163
Others2: (138): 4
Total 536: 2,072

By the way I am very motivated to collect Pchem below Philip cost.

Methanol price
Jan: USD 389
FEB: USD 376
March: USD 361
April: USD 353
May: USD 341

Urea
Jan: USD 444
Feb: USD 358
March: USD 314
Apri: USD 314

I3lurker,
KLCC already outdated, the newly one "The Merdeka 118" will be the new landmark.

I3lurker,
Petchem quarter ended 31 March result out
Save by Fertilisers and Methanol profit. Look like need to wait another very bad quarter to collect Petchem below Philip cost.

Segment profit for the period 1
Individual quarter ended 31 March
In RM Mil 2023: 2022
Restated
Olefins and Derivatives: 170: 733
Fertilisers and Methanol: 533: 1,172
Specialties: (29): 163
Others2: (138): 4
Total 536: 2,072

My questions are actually trying to avoid the P&C by engaging the BOD and Management team to talk a little bit more on Petronm prospects in optimising resources and pursuing better yielding investments in retail network expansion.

Untill new power plant in Singapore come online.

The 100MW is just a starter that will be increase to balance the Singapore power demand and supply.

SINGAPORE: Singapore will import 100 megawatts (MW) of electricity from Malaysia as part of a two-year trial, under a joint agreement between YTL PowerSeraya and TNB Genco.

This marks the first time that electricity from Malaysia will be supplied to Singapore on a commercial basis.

Announcing this on Monday (Jan 30), YTL PowerSeraya said the electricity will be exported via a newly upgraded interconnector.

The electricity will first be purchased from TNB Pasir Gudang Energy, a wholly owned special vehicle company by TNB Genco, before being exported.

This will make up about 1.5 per cent of Singapore’s peak electricity demand, enough to power about 144,000 four-room HDB flats for a year.

“Both parties will work closely with the Energy Market Authority of Singapore (EMA) and the (Malaysian) Energy Commission to refine all technical settings and regulatory arrangements under the Electricity Import Framework and the agreement will be effective upon fulfilment of conditions precedent,” a joint statement read.

The partnership was made official on Monday and was witnessed by Manpower Minister Tan See Leng and Malaysia's International Trade and Industry Minister Tengku Zafrul Tengku Abdul Aziz.

I3lurker,
Are you sure these are the queations and not the answers to my 10 questions?