Know what, i3lurker even scolded me when I just make a trading buy on Jaks at 18.5 -19 cents for my free Bintang Beer.

Any reasons why should I advise people to buy a PN17 company at 60 cents?

StartOfTheBull If you scroll back to his past comments he didn't advise to buy at 60c.
For the regularisation deadline for Capital A it is 7July 2023. You can check the company announcement on Bursa website

My advise is sell and wait for Fernandes' to submit restructuring plan to stock market regulators in late April.

AirAsia X has until April 28 to submit its restructuring plan to stock market regulators. While Capital A's deadline is not until July, Fernandes said the plan to be submitted in late April will address the restructuring of both concerns. He argues that the PN17 status is mainly about disagreements over accounting standards and does not reflect fundamental solvency issues

Can somone tell me what Mike trying to say?

In Europe you can drive pass petrochemical complex that stretching on and on for many miles and employed thousand and thoudands of well paying skill workers.

Just wonder why this is not hapenning in Malaysia?

Petronas should has invested locally an international petrochemical hub in Malaysia long long ago. If they have done so, many Malaysians will then have a well paying jobs in specialize Petrochemical engineering instead of wasting money in twin tower and formula 1.

Just look at Singapore without any petroleum reserves they can developed an international petrochemical hub in Jurong island

No worries Stony is a magician and a bollywood star. RM 3 coming and then we can all celebrate with a bollywood dance together.

It is always tough to be chinese whether it is chinese China or oversea chinese because there are so many of us.

If you think your are good there are so many chinese better than you.

Just transfer CapitalA net liabilities of 10 billion to AAX and write in a 20 billion goodwill as non current assets in AAX Balance Sheet then magically both CapitalA and AAX NTA will become positive.

If you can't convince someone then the second best way is to confuse someone.

AAX will take over CapitalA aviation assets and liabilities by issuing billion of AAX to capitalA. The valuation of CapitalA aviation assets and liabilities which is in negative billions will be neutralised by billions in intangibles/goodwill valuation generated by its brand and existing market position.

Stock market analysts say the key to the restructuring will be how Capital A's assets are valued when they are taken over by AirAsia X. Much will depend on how intangibles such as the company's goodwill generated by its brand and existing market position are calculated.

AirAsia X has until April 28 to submit its restructuring plan to stock market regulators. While Capital A's deadline is not until July, Fernandes said the plan to be submitted in late April will address the restructuring of both concerns. He argues that the PN17 status is mainly about disagreements over accounting standards and does not reflect fundamental solvency issues.

Not surprisingly, Fernandes also expressed complete confidence that the restructuring will allow both companies to emerge from the PN17 designation. But even his own description of the plan, which is necessarily limited because of regulatory constraints, underlines the complexity of the exercise. It will likely involve the breaking up of the two companies into four separately listed entities, he said, one of which will oversee all of AirAsia's airline operations.

That would be a difficult trick to pull off in the best of times: Doing so while carrying billions of ringitt of negative shareholders' equity, as AirAsia's parent Capital A does, will be what even Fernandes himself calls an "incredibly complicated process." Capital A's negative equity amounts to 5.8 billion ringgit, according to Samuel Yin Shao Yang of Maybank Investment Banking Group in Kuala Lumpur.

Stock market analysts say the key to the restructuring will be how Capital A's assets are valued when they are taken over by AirAsia X. Much will depend on how intangibles such as the company's goodwill generated by its brand and existing market position are calculated.

Analysts note, however, that the plan must address the fact that Capital A's shareholder equity is deep in negative territory, the main reason the company entered into PN17 in the first place

Lesson number 1.
Reading financial reports is simple as mathematics ke?
ANS: No mathematics is required to read financial report as all data are presented to you. But you must have some knowledge on the important ratio. You can read KCChong blog to learn more.

Example Current ratio
Current assets / Current liabilities
CapitalA as at 31/12/2022
Current assets: RM 2,154,295,000
Current liabialities: RM 11,221,798,000
Current ratio 2,154,295/11,221,798 = 0.19
It mean in the next 12 months CapitalA only have 0.19 dollar to pay for every dollar of its short term obligation and the short fall is a whopping net current liabilities of RM 9,067,503,000


Posted by StartOfTheBull > Apr 6, 2023 10:13 AM | Report Abuse
Engineer thinks reading financial reports is simple as mathematics ke?

https://www.instagram.com/reel/CqhrutsoPSc/?utm_source=ig_web_copy_link

Hope Stony will join me on this bollywood dance.

Bob many fans of Stony will also be there with more rotten eggs.

Haha Mike (cheat you crazy) pls don’t be jealous loh .. hohoho

Posted by Mikecyc > Apr 6, 2023 10:04 AM | Report Abuse
Haha sslleee pls don’t be jealous loh .. hohoho

Just received below email

Dear SS Lee,

Invitation as Speaker for i3 Investment Summit 2023

Thank you for your past contributions to the I3investor community by posting various blog articles and participating in the community discussions.

Following the success of the Investment Bloggers Day event in March 2019, I'm excited to share with you that I3investor and MQ Trader are going to jointly organize an even bigger i3 Investment Summit 2023, targeting more audience and a larger location. It will be held on Saturday, 20th May 2023, from 9am to 5pm at The Ballroom Hall, The Gardens Hotel, Kuala Lumpur.

We would like to invite you to be a speaker during the event. We will be allocating a speaking slot with a tentative duration of 45 minutes for your session on that day. We hope you can consider this an opportunity to share your knowledge and views in investing/trading in the stock market of Malaysia, as well as offering value add services that you may have to the audience.

We look forward to receiving your favourable response soon.

I've copied our local marketing partner team in this email. Miss Casey will be the point of contact for this event. Please do not hesitate to contact us if you have any questions regarding this event.

Regards,
Sam
I3 LLC

30 Wall Street, 8th Floor, New York, NY 10005

website: www.i3investor.com

LONDON, March 24 (Reuters) - Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS (UBSG. S).
24 Mar 2023

So should China government intervene and write down all the offshore bonds?
For example, Sunac China Holdings Limited’s onshore debt has been extended for three to four years and supported by pledging of additional assets, while the offshore creditors are likely to face an extension of up to nine years

So when everybody talks about US number 1 economy every year but with external debts of USD 31 trillion (121.08% GDP) so where the money gone and who fund the US wars and war weapons?

The People’s Bank of China reports that the combined domestic debt of corporations, households and the public sector increased last year to a level equivalent to 280 % of GDP (285 trillion yuan or 36 trillion euros), up from 255 % of GDP in 2019. When China’s foreign debt (which the PBoC estimates to be 14.5 % of GDP at the end of June) is included, total debt rises to about 295 % of GDP.

Know what above mean compare to external foreign debts?

List of countries with respect to external debt
Country/Region: External debt (USD): Date: Per capital (USD): % of GDP
United States 31 trillion January 2023[1] 94,188 121.08
United Kingdom 8.73 trillion June 2022[1] 129,203 273.06
France 7.04 trillion June 2022[1] 107,245 253.35
Germany 6.46 trillion June 2022[1] 77,607 160.35
Japan 4.36 trillion June 2022[1] 34,841 101.41
China 2.64 trillion June 2022[1] 1,866 14.39
Italy 2.51 trillion 31 December 2017[2] 42,300 141.00
Spain 2.26 trillion 31 December 2017[3] 48,700 170.00
Canada 3.2 trillion 31 December 2017[4] 52,300 143.00
Australia 1.83 trillion 31 September 2020[5] 71,906 130.00

Yes Walmart is like Mr.DIY a cheap sale stores.

Currently, Walmart estimates Chinese suppliers make up 70-80 percent of its U.S. merchandise, according to the Alliance for American Manufacturing.15 Dec 2020

Only those Western bully when the cannot put forward their facts and figures for their agument they will resort to internet trolling and flooding the whole forum with their misinformation to drown other people opinions.

China brands are now actually more acceptable and favorable with China consumers because of better quality and price.

The yesterday Japan, Korean and Western brands in consumer electronic and car can kiss China goodbye.

China's State Council Information Office on Tuesday issued a report to expose the truth about human rights abuses in the United States.

Titled "The Report on Human Rights Violations in the United States in 2022," the report said the year of 2022 witnessed a landmark setback for U.S. human rights.

In the United States, a country labeling itself a "human rights defender," chronic diseases such as money politics, racial discrimination, gun and police violence, as well as wealth polarization are rampant, it said.

Human rights legislation and justice have seen an extreme retrogression, further undermining the basic rights and freedoms of the American people, it added.

Noting nearly half of U.S. states have relaxed gun restrictions, the report said the United States leads the world in gun ownership, gun homicide and mass shootings with more than 80,000 people killed or injured by gun violence in 2022. The past year marked the third consecutive year on record that the U.S. experienced more than 600 mass shootings.

Citing the example of overcrowded prisons where forced labor and sexual exploitation are commonplace, the report said the United States has the highest incarceration rate in the world and prison conditions are terrible.

The report also noticed the election costs have soared since donation limits were lifted in 2010 and again in 2014.

Political donations create an oligarchy. U.S. politics has been kidnapped by capital and there is a stable "money-return" relationship, according to the report.

The UN Committee on the Elimination of Racial Discrimination said in the concluding observations on the combined tenth to twelfth reports of the United States of America released on September 21, 2022, that the lingering legacies of colonialism and slavery continue to fuel racism and racial discrimination around the country.

Noting the increasing hate crimes and hate speech incidents in the United States in recent years, the report said racial discrimination is widespread, adding that racial inferiority and superiority complexes are deeply embedded in U.S. systems and have become "inextricable."

Yes Russia and US is evil

Posted by IDQWE001 > Apr 5, 2023 5:03 PM | Report Abuse
Invasion is evil attitude that killing others. A racist thought that he is strong and superior is evil

The government revealed in Parliament in December last year that as many as 2,783 foreign companies and their subsidiaries ceased operations in India between 2014 and November 2021. Some of the notable exits include Cairn Energy, Holcim, Daiichi Sankyo, Carrefour, Henkel, Harley Davidson and Ford

Even Amazon Jeff Besoz loss his pant in India.

FortuneBull777 speak the true and the truth hurt.
Just wonder why Western supporters like to speak with forked tongue?

Someone did not know China is in UN and Taiwan is not.

Posted by IDQWE001 > Apr 5, 2023 3:30 PM | Report Abuse
UN, EU, Indo-Pacific and Asean countries will develop good futures.

China’s 2023 debt-to-GDP ratio growth set to slow as economy recovers, Economic Daily says
The macro leverage ratio – or total debt as a percentage of gross domestic product – rose to 273.2 per cent as of the end of 2022, but could rise at a slower pace this year
The Economic Daily, which is affiliated with the State Council, added that China’s debt ratio is basically stable, and that financial risks are ‘generally under control’

United States Total Debt: % of GDP
1951 - 2022 | QUARTERLY | % | CEIC DATA
Key information about United States Total Debt: % of GDP

United States Total Debt accounted for 764.7 % of the country's GDP in 2022, compared with the ratio of 772.1 % in the previous quarter.
US Total Debt: % of GDP data is updated quarterly, available from Dec 1951 to Dec 2022.
The data reached an all-time high of 848.9 % in Mar 2021 and a record low of 304.2 % in Jun 1953.

CEIC calculates quarterly Total Debt as % of Nominal GDP from quarterly Total Debt and quarterly de-annualized Nominal GDP. Total Debt is calculated as sum of Liabilities for NonFinancial Business, Federal Government, State and Local Government, Households & Nonprofit Organizations and Financial Business less Mutual Fund Shares. Federal Reserve Board provides Total Debt in local currency. Bureau of Economic Analysis provides Nominal GDP in local currency.

预计整个计划需投资30亿至50亿美元（132亿至220亿令吉）。

No one can save AA now except the all mighty.
So who want to sink with Stony?

How to smile when Substantial Shareholder's CHOI CHIU FAI, STANLEY is pressing Stony' balls in his hand.

In an exclusive interview with Nikkei Asia, AirAsia tycoon Tony Fernandes says he is leaving no stone unturned in his fight to keep the airline afloat in the post-pandemic era. © Getty Images
THE BIG STORY
AirAsia's Tony Fernandes: Tourism is back, but fight to survive goes on
Co-founder of Malaysia's biggest airline reveals post-pandemic game plan in exclusive interview

SIMON ELEGANT, Contributing writer
APRIL 5, 2023 06:00 JST
KUALA LUMPUR -- "If I was Jesus Christ," said AirAsia co-founder Tony Fernandes, not a trace of a smile on his face, "it would be the second coming."

Even for a man known for his showmanship and what might politely be termed a strong sense of self-worth, it is a fairly astonishing remark.

The United States has urged India to uphold its human rights obligations and commitments, according to the 2022 Country Reports on Human Rights Practices released by the Biden Administration on March 20.

The report cited significant human rights violations in India including alleged unlawful and arbitrary killings, challenges to freedom of press, interference with privacy, and violence targeting religious and ethnic minorities.

The report also mentions that a lack of accountability for official misconduct persisted at all levels of government in India, contributing to widespread impunity. Among the significant human rights violations in India in 2022, as per the State Department, are unlawful and arbitrary killings, inhuman or degrading treatment or punishment by police and prison officials, and harsh and life-threatening prison conditions.

It also flagged alleged arbitrary arrest and detention, unlawful interference with privacy, restrictions on freedom of expression and media, unjustified arrests or prosecutions of journalists, and enforcement of or threat to enforce criminal libel laws to limit expression.

The report also mentions restrictions on internet freedom, interference with the freedom of peaceful assembly and freedom of association, restrictions on freedom of movement and on the right to leave the country, refoulement of refugees, serious government corruption, and alleged harassment of domestic and international human rights organisations.

AAX account
As at 31/12/2022
RM'000
CURRENT ASSETS
Trade and other receivables:122,160
Amount due from an associate : 29
Amounts due from related parties: 150,097
Tax recoverable: 1,656
Deposits, cash and bank balances:181,897
Total: 455,839

CURRENT LIABILITIES
Sales in advance :727,263
Trade and other payables: 327,465
Amount due to an associate: 1,365
Amount due to related parties: 7,151
Borrowings: 49,911
Total: 1,113,155
Net Current Liabilities (657,316)

By the way mainland China is still on civil war with ROC (Taiwan).

And pity someone don't know Europe has the most numbers of war of conquer. It is in their gene to conquer others.

Pity someone did not know what is a civil war and unprovoke war of invasion. (Japan China war)

Do you know Crimea previouly is part of Russia?

And do you know all this while Eastern Ukraine is on civil war (Russia speaking ukrainians vs ukraine speaking ukrainians) remember the tragedy of Malaysia Airlines Flight 17 a scheduled passenger flight from Amsterdam to Kuala Lumpur that was shot down on 17 July 2014, while flying over eastern Ukraine?

So what is the different it make to Russia whether Eastern escaping from Russia and joining the western or in fact Western bankroll the election to elect pro Western puppet and expand NATO into Russia doorstep.

Why not NATO go in and fight the Russia instead of arming ukrainains to fight a proxy war for them. Afterall it is NATO that like to expand eastward.

Posted by IDQWE001 > Apr 5, 2023 9:34 AM | Report Abuse
NATO alliance providing weapon to Ukraine to defense evil axis is ok. good job.

CCP is country first, CCP second and people third.
Western democracy is elite first, second and third.

EPS at least 28 sen registered in 4Q2022 is not sustainable for the simple reason that AAX need capital injection and etc by issuing AAX share.

The NOSH of 415 million will end up as many billion in NOSH

Western peace is supply more and more weapons to fight a proxy war on their behalf.

China democracy is people first.
Western democracy is government of the people, by the people but for the elite few.

As for democracies and communists, / socialists, / Marxist and what not....what is in a name?

Everthing is in the name.
During the cold war it is Democracy against Communism (Capitalist against Socialist)

When USSR breakup and Russia choose a democratic elected President.
The West twist the new trade war/protectionism as Democracy against Autocracy

Silly, I am talking about lack of infrastructure investment for India in the past 25 years. If politician promised plan for next 25 years can be trust then pigs can fly.

Democratic elected politicians only think short term about their next election and all those talk about long term 25 years plan is just for show to win the next erection/election.


India's Modi unveils $1.3tn infrastructure plan 'for next 25 years'
Project aims to set long-term direction, but funding source is unclear

October 13, 2021 19:55 JST
NEW DELHI -- India's Prime Minister Narendra Modi on Wednesday launched an ambitious 100 trillion rupee ($1.3 trillion) plan for integrated infrastructure development aimed at creating employment for hundreds of thousands of people and strengthening the economy.

"With the resolve of a self-reliant India, the foundation of India for the next 25 years is being laid," Modi said, adding that the plan will promote next-generation infrastructure and improve transport connections.

Wonder why India did not invest in infrastructure?