MCA is now the old DAP
DAP is now the old MCA
MCA secretary-general Saw Yee Fung is 100X better than UMNO Youth chief Dr Akmal and DAP Rajiv.

AS the Malaysian courts at every level have already ruled that vernacular schools are constitutional, the issue should be laid to rest, said MCA Youth.

As such, its secretary-general Saw Yee Fung said that any individuals seeking to provoke a debate on the matter can be deemed as mounting a challenge against the Federal Constitution and the Federal Court’s judgement.

Citing the recent heated exchange between UMNO Youth chief Dr Akmal Saleh and former Penang deputy chief minister Dr P. Ramasamy over the issue, Saw said Akmal’s remarks calling for the abolition of multi-stream education and demanding the implementation of single-stream education highlights his “narrow-mindedness and ignorance”.

“If Rajiv debates with him, the former can be construed as acknowledging that the subject of vernacular schools is debatable,” she said.

“All these actions would only enable more opportunities for those with slanted and extremist intentions to further sensationalise the issue.”

Saw was referring to Bukit Gasing assemblyperson Rajiv Rishyakaran’s offer on Monday (March 11) for him and Akmal to have a chat about the topic.

“This matter has been on-going for some time now, and so far, the main leaders from DAP have yet to express their stance on Akmal’s call that vernacular schools be abolished,” Saw remarked.

“With Rajiv leaping at the opportunity for an open discussion with Akmal irrespective of the court’s decision, does DAP agree with Rajiv’s moves? The Rocket needs to declare their position as to whether it supports multi-stream or single-stream education.”

Saw said as the courts have ruled that the existence of vernacular schools conforms with the Federal Constitution, as young adult political leaders Akmal and Rajiv should be “imbued with the maturity” to clearly be aware that education is not a topic that can be toyed with or warped into a political drama.

“Instead of spending time creating issues that would affect national unity, with their party positions in their respective State Legislative Assemblies, Akmal and Rajiv ought to pay more attention to the issue of youth unemployment / underemployment,” she opined.

“They could also monitor the government to uncover solutions to problems such as the inability of young adults to sustain their income, the incremental cost of living rather than wasting time debating facts

Last time Serbadk also submitted false report to Bursa and The Edge also reporting the false news.

According to the CEO of Managing Director of SERBADK, Datuk Mohd Karim Abdulah, the company can continue to win the bid despite the economic uncertainty caused by the Covid -19 influenza pandemic. SERBADK has been awarded a US$350 million contract of approximately RM1.47 billion to build a data center and related facilities in Abu Dhabi. Its subsidiary, Serba Dinamik International Ltd, has received and accepted a letter of award from future digital data system ltd.

https://theedgemalaysia.com/node/703296

Another round of court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity for AAX


So, is there light at the end of the tunnel?

We have been in PN17 for the best part of three years, I think. So, Step 1 was to get AirAsia X out of PN17. Step 2 now is to get Bursa Malaysia to allow us to sell aviation to AAX, which I believe will be very imminent. We have put in the application, and I think in one to two weeks, we should get that approved. Because it is critical for capital raising; that’s the reason we are giving Bursa Malaysia, that we really need to raise capital and we can’t do it under a PN17 company. Bursa Malaysia hasn’t done this, but they are going through that motion. So, we are going to swiftly sell. I think the S&P (sale and purchase agreement) between AAX and Capital A is almost done. So, I’m hoping we will get permission from Bursa Malaysia in March, and we’ll sell the airline. So, we will end up with two groups — Capital A and AirAsia Group. After we sign the S&P, we have to get shareholders’ approval, which will take a couple of months, and then court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity.

https://theedgemalaysia.com/node/703296

I believe a company in distress should be ascertained not on balance sheet historical numbers, or accounting, but on cash flow. Is this company liquid? Is it making money? Does it have a future?

Haha good one from Stony on PN17 defination.
So did capA generating any positive cash flow to pare down debts and current liabialities?
Who are you try to kid Stony?


Covid-19 had totally destroyed capA balance sheet. The only way to rebuilt/reset the balance sheet is debts restucture where everyone need to take a haircut. But for reason only knew to Stony only AAX go thro' a debts restructure but not capA.

With net current liabiliaties of RM (12,507,207,000) where can capA going to get the money to fulfill the obligation to pay the current liabilities for next 12 months.

31/12/2023: 31/12/2022
RM'000: RM'000
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)

So should I stop response to dumbass?

Repost:
Sometime you talk too much to dumb people you yourself also become dumb.
This dumb dumb dumbass Mike-tikus is best to avoid and let him do whatever he wants in jaks forum.

Dumbass was and is still promoting jaks non-stop day and night 24/7/365 with repeated cut and paste old news

Today jaks at 0.155 and another PP.

Dumb dumb dumbass Nuke-tikus can you understand a simple written english?
Mind telling us who is the one 👄… So fast Twisting n Diverting ke … Lying 🤥…

Repost:
Mar 12, 2024 11:17 AM | Report Abuse
By the way in Annual report it is stated clearly:
OTHER OPERATING EXPENSES
Included in other operating expenses are, amongst other items, the followings:-

You can also check staffs cost (included commission pay to remisier) under staff costs: So when M&A securities brokerage do well staff costs will also increase.


Stock: [INSAS]: INSAS BHD
Mar 12, 2024 10:45 AM | Report Abuse

So no worries I will advise Insas BOD to restate:

Included (but not limited) in Other operating expenses are the following items:-


Stock: [INSAS]: INSAS BHD
Mar 12, 2024 10:41 AM | Report Abuse

Note: 4 add up did not match the Other operating expenses because Insas / M&A securities assume everyone should know commision pay to remisier is based on trading volume by remisier' clients which generate brokerage fees to M&A securities and cannot be classified as staff salary/ staff cost and hence charged out as other operating expenses.

So the lesson learnt do not assume because there are so many dumbass out there

Dumb dumb dumbass Mike- tikus go and read quarterly result of M&A and tell me what is other operating expense in Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income For the Quarter Ended 31 December 2023

Very suprised why Stony so quiet and did not protest the increase?

KUALA LUMPUR (March 12): Batik Airline is hoping for a better standard of service for use of the facilities at Kuala Lumpur International Airport (KLIA), following the decision by the Malaysian Aviation Commission (Mavcom) to standardise the passenger service charges for all international flights out of KLIA or klia2 and other airports at RM73 by June 1 — which will effectively raise the rates for Asean-bound flights from RM35 to RM73.

Dumb dumb dumbass Mike-tikus did not know / understand jaks cash flow is negative hence will need yearly PP or RI for working capital till year 2030.

Winning and losing is part and pacel of a game of Thrones in Bursa. But remember to be courteous and if you inccurred the ire of EnginneringProfit you will be doomed.

All in i3 should know by now never messed up with EngineeringProfit.

Dumb Dumb Dumbass Mike-Tikus trapped inside jaks and die die also must selling his story for many months that insiders will push up jaks share price above 34 sen before Dec 2023 so that WB will be expired in the money and Jaks will collect a lot of money from WB conversion.

So what happen jaks is now 15.5 sen and another PP.

He is so dumb to sell the same story on WC Ex price RM 0.49 … expired on 2025….
Free tips for this dumb dumb dumbass come 2025 another PP at even lower price.

Repost:
Dumb Dumb Dumbass Mike-tikus did not know/ understand jaks has cash flow problem?
Jaks PPE: LSS4 lose making
Property investments: Evolve mall and Star Pacific lose making
Investment in JV: Paper profit with very little dividend untill no financial institutions want to lend any money to jaks to take up addition 10% JHDP option

Repost
Don't buy those companies never pay dividend, has cash flow problem and every year cash call PP or RI for working capital like jaks.

Yes. It almost like bond. But remember serbadk bond also default because company go bankrupt receivership.

If Omesti still survive then on Omesti-PB maturity date Omesti will redeem back the Omesti-PB at RM 1.00

Omesti-PB holders will get RM 1.00 from Omesti.

Dumb Dumb Dumbass Mike-tikus know what is Omesti-PB?

OMESTI-PB (9008PB)
OMESTI BERHAD - REDEEMABLE PREFERENCE SHARES 2021/2026

Omesti-PB
Ann. Date
Ex Date
Type
Subject
Amount
29-Nov-2023 13-Dec-2023 DIVIDEND Others 2.5068%
31-May-2023 15-Jun-2023 DIVIDEND Others 2.4795%
30-Nov-2022 14-Dec-2022 DIVIDEND Others 2.5205%
31-May-2022 14-Jun-2022 DIVIDEND Others 2.4795%
01-Dec-2021 14-Dec-2021 DIVIDEND Others 2.5205%
31-May-2021 15-Jun-2021 DIVIDEND Others 5.0000%

Today managed to catch some Omesti-PB at 0.805 and 0.81 just before lunch break.

Dumb Dumb Dumbass Mike-tikus did not know/ understand jaks has cash flow problem?
Jaks PPE: LSS4 lose making
Property investments: Evolve mall and Star Pacific lose making
Investment in JV: Paper profit with very little dividend untill no financial institutions want to lend any money to jaks to take up addition 10% JHDP option

Repost
Don't buy those companies never pay dividend, has cash flow problem and every year cash call PP or RI for working capital like jaks.

Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that some stocks are for investment purpose and some stocks are for trading purpose to get free beer bintang and lobster.

Buy those companies that generate real free cash flow, give dividend and solid NTA backing like Insas, OSK and Jayatiasa.

Don't buy those companies never pay dividend, has cash flow problem and every year cash call PP or RI for working capital like jaks.

Posted by TheContrarian > Mar 12, 2024 12:17 PM | Report Abuse
What bank does Insas own

Who know maybe Insas aiming for EON bank

Posted by TheContrarian > Mar 12, 2024 12:20 PM | Report Abuse

@MrSslee, risk of default of Omesti-PB?

No worries M&A securities will arrange another Omesti-PC to pay the bridging loans used to redeem Omesti-PB

OMESTI BERHAD - REDEEMABLE PREFERENCE SHARES 2021/2026
Pay 5% interest per year and redeem at RM 1.00 at maturation date.

Repost:
Insas hold 53,859,500 Omesti shares.

Insas hold Omesti as financial assets at fair value.
Omesti hold 34.27% Microlink

I q buy omesti-PB

CTOS waterfall now.
When will Insas waterfall?

By the way in Annual report it is stated clearly:
OTHER OPERATING EXPENSES
Included in other operating expenses are, amongst other items, the followings:-

You can also check staffs cost (included commission pay to remisier) under staff costs: So when M&A securities brokerage do well staff costs will also increase.

So no worries I will advise Insas BOD to restate:

Included (but not limited) in Other operating expenses are the following items:-

Note: 4 add up did not match the Other operating expenses because Insas / M&A securities assume everyone should know commision pay to remisier is based on trading volume by remisier' clients which generate brokerage fees to M&A securities and cannot be classified as staff salary/ staff cost and hence charged out as other operating expenses.

So the lesson learnt do not assume because there are so many dumbass out there.

Mind also add up note 2 and other income in P&L statement?

Dumb dumb dumbass mind add up all in note 4 and compare with what is the amount stated in incomes (P&L) statement?

Repost:
Haha,
Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that under Insas' other operating expenses are mainly M&A securities commission pay to remisiers for trading done by their clients.
12/03/2024 7:29 AM

Can dumb dumb dumbass understand the meaning of mainly?

Ya,
Sometime you talk too much to dumb people you yourself also become dumb.
This dumb dumb dumbass Mike-tikus is best to avoid and let him do whatever he wants in jaks forum.

Dumb dum dumbass Mike-tikus very envy I make handsome money from Insas-WC 2 times and now also make handsome money from Insas. Wheareas he trapped at jaks 19 floor and hengyuan 44 floor

And for the up coming Jaks PP advisory and proffessinal fees pay to M&A securities is revenue and any expenses included but not limited to commission fee that may be paid to ALP is other operating expenses.

If you are M&A securities remisier clients and trade thro' the remisier the brokorage fee is M&A securities revenue and commission pay to remisier is other operating expenses.

So dumb dumb dumbass Mike-tikus can you understand now?

Haha,
Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that under Insas' other operating expenses are mainly M&A securities commission pay to remisiers for trading done by their clients.

Insas hold 53,859,500 Omesti shares.

Insas hold Omesti as financial assets at fair value.
Omesti hold 34.27% Microlink

At AGM:
We have received several financing proposals from Singaporean financial institutions and currently negotiating the terms.

We wish to clarify that we do not intend to undertake a cash call exercise to subscribe the 10% option. At present, we have received several financing proposals from Singaporean financial institutions and currently negotiating the terms

So since then no news is good or bad news?
Should shareholders hold BOD accountable, responsible and answerable for the above?

Pardon me please,
I can't resist to rebutt Mike-tikus.

As at 31/12/23.
Investment in Joint Venture: RM 904,495,000
Mean JAKS 30% in JHDP equity account book value (initial investment + accumulate profit - dividend) is RM 904,495,000
Similarly the JV partner 70% book value is RM 904,495,000 X 7/3= RM 2,110,488,333

Or 10% book value is RM 904,495,000/3 = RM 301,498,333.
Jaks need to pay the JV partner RM 301,498,333 to take over the 10% from JV partner and so far jaks had failed to secure the loans from Singapore financial institut.

The addition 10% expired without jaks exercise it right to purchase the 10% from JV partner.

Haha Mike-tikus is ashamed to tell how many jaks shares he hold. Most likely 200 shares for case study.

So no more blow-water 1 sen is 5 digits gain/lose???
🤣🤣🤣

From Jayatiasa AGM key matters discussed:
Our existing policy is to pay a minimum dividend of 20% of net profit subject to not compromising the Group's ability to support its pursuit for long-term growth. However, that will not restrict declaration of dividend of more than 20%. With improvement in financial position and market condition, the dividend payout will increase accordingly.

I think I still hold 480K of Insas.
Mike-tikus how many jaks shares you still dumb dumb hold?

Oop wrong forum

Aiyoyo,
Mike-tikus is called Dumb Dumb Dumbass for a reason, he did not even know / understand that JAKS Solar Nibong Tebal is recorded as PPE (non- current assets) in jaks balance sheet.

Aiyoyo,
Dumb Dumb Dumbass Mike-tikus did not know / understand that jaks fully owned JAKS Solar Nibong Tebal and no JV partner.

Jaks need to repay the loan taken to build the JAKS Solar Nibong Tebal fully.

So what is Mike-tikus talking about below????
Posted by Mikecyc > Mar 10, 2024 5:08 PM | Report Abuse
Haha Investment In Joint Ventures: 904,495,000

Mainly 600 million of Vietnam JV Power Plant Company plus holding cost ... and 240 million LSS4 project company

Aiyoyo,
Dumb Dumb Dumbass Mike-tikus did not know / understand that jaks bid for LSS4 at very low payment of xx.xx sen/KWhr from Tenaga and build the solar farm when solar panel cost at it peak.

Thus COD mean Certificate of Dead date since after that date loans interest payment cannot be capitalised and must be included as expenses thus lose quarter for JAKS Solar Nibong Tebal.