I regret not selling Insas when It went up to RM 1.20. My TP is RM 1.50 so need to wait long long to year 2026 when WC expired and see whether magic happen.

I am waiting for Philip Pchem to report a poor result in the next 2 quarters to see whether can collect cheap cheap.

I prefer your style KISS keep it short and simple like tiktok.

Philip and 3iii like long long lecture and I can't resist to pick a bone with them

Welcome back Icon8888.

Someone do not know how much CapitalA liabilities is in USD. USD to MYR is now 4.522.

Posted by Mtrade > Mar 9, 2023 3:06 PM | Report Abuse
No OPR hike = good for market. CAPITALA TP 1.5

Agree with TianChoi1:

Apr 8, 2021 8:02 AM | Report Abuse

Don’t be sad. It is only business. If AA is folded up, I am sure there are others low cost carriers to fill the gap. Maybe we the consumers will benefit even more.
Nothing to worry.

I never bought nor going to buy any CapitalA share in the forseeable future. I am here just to give some facts and figures to those that just talk without facts and figures.

Since when AA/CapitalA was 3% of Malaysia's GDP? Can you please show us where you get this fact and figure?

ValuePicks Sslee - you really think a company that was 3% of Malaysia's GDP before covid can just kaput?

StartOfTheBull are you serious in wanting to ask the bankers?
The SOP of the bankers are what they are doing now with Serbadk.

You can just ask any accountant:
Can a business run on current asset of RM 2,154,295,000 with current liabilities of RM 11,221,798,000?
A net current liabilities of RM 9,067,503,000.

AAX all this while make losses because of transfer profit to AA as AA charged a very high aircrafts lease fees to AAX

So please tell be with net liabilities in Billion how to get out of PN17.

My last good tips on HRC cost Bob an arm and a leg.

Most likely,
speakup, Sslee, BobAxelrod is the three; See no evil, Hear no evil and Speak no evil monkeys.

@Double4Eleven,
Care to share with nicholas99 what is Airasia 2019 Profit/(loss)?

quote, "remember 5099 is in this state not bcos of inability to make money, it was the lockdown. And every1 knows that" unquote


Posted by nicholas99 > Mar 8, 2023 2:52 PM | Report Abuse
Airasia 2019 revenue RM11.86 billion.

For me I can't buy anymore Insas because it will cause a portfolio imbalance to do so.

So Philip, should you buy more Harta and Pchem?

Good morning Philip,
I am just trying to ask 3iii a question to test whether he talk the talk and walk the walk?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Mar 1, 2023 9:15 AM | Report Abuse

The Ultimate Hold-versus-Sell Test
Here is the overriding primary test, followed by observations on why it is so critically important:

Knowing all that you now know and expect about the company and its stock (not what you originally believed or hoped at time of purchase), and assuming that you had available capital, and assuming that it would not cause a portfolio imbalance to do so, would you buy this stock today, at today's price?

No equivocation. Yes or no?

plural noun: current liabilities; noun: current liability
amounts due to be paid to creditors within twelve months.

You can ask any accountant:
Can a business run on current asset of RM 2,154,295,000 with current liabilities of RM 11,221,798,000?
A net current liabilities of RM 9,067,503,000.

Just ask a very simple question:
Will AAX shareholders after 10 to 1 consolidation and debt restructure and start anew with fresh set of Balance Sheet are now prepared to accept CapitalA aviation with shitttt Balance Sheet of multi-billion in net liabilities?

Repost:

Posted by BobAxelrod33 > Mar 2, 2023 7:29 PM | Report Abuse
Investors play for money....not sentiments....NO EMOTIONS.....get up and walk away when the music stops, that's smart moves....

There ain't any free money in this world, so please learn how to earn your money whether it is your hard earned money or easy money from your investment or taking an easy ride on pump and dump.

“The fare environment is very good. I think airlines have always underpriced their products. People are getting a little bit of a shock because they see prices a bit higher, but really, we’ve been behind the curve on that as an industry,” – Tony Fernandes

Tony speak the truth but it is too little too late for CapitalA as most airlines already done their debts restructure to start anew with flesh Balance Sheet except CapitalA.

CapitalA shareholders' equity is RM (5,775,305,000) with totol equity RM (9,427,491,000) as at 31/12/2022

With high flight ticket will everyone can fly now or people will think twice when to take their next holiday?

PN17 criteria on shareholders' equity.
its shareholders’ equity on a consolidated basis is 25% or less of its share capital (excluding treasury shares) and such shareholders’ equity is less than RM40 million;

This 10% PP is to pay debt and for working capital.
After that will be another PP or RI to pay for the 10% addition equity in JV Vietnam power plant.

The Group reported a net profit of RM172.4 million in 4Q2022 as compared to a net loss of RM914.7 million in 4Q2021. The current quarter recorded a shareof profit of RM166.5 million from associates and foreign exchange gain of RM207.8 million due to the appreciation of local currencies against the USD during the quarter.

Since I am free, Let me explain what it mean by foreign exchange gain of RM207.8 million due to the appreciation of local currencies against the USD during the quarter

If CapitalA liabilities in USD 2 billion and at 30/9/2022 USD exchange rate is 4.50 in the BS that liabilities is equivalent to RM 9 billion.
On 31/12/2022 the USD exchange rate is 4.40 (appreciation of local currencies against the USD)
Hence in the BS the liabilities is equivalent RM 8.8 billion. Foreign exchange gain of RM 200 million.

Due to aggressive USD interest hike if by 31/3/2023 USD appreciated to 4.60 then in BS as at end 31/3/2023 the liabilities of USD 2 billion will now equivalent to RM 9.2 billion. A foreign exchange loss of RM (9.2 - 8.8) billion.

In GLC everyone act and behave like they are the boss. So nothing get done but at the end of month still got pay and bonus at the end of year.

Dividend
In the CA 2016, the dividend rule is found in s131. It has two principles – ie (1) the dividend is to be paid out of the company’s profits; and (2) the dividend should not be paid if the payment will cause the company to be insolvent. As the directors are the ones who authorise the payment of dividends, they must be satisfied that the company will be solvent after the distribution is made.

Section 133(2) provides for the liability of the director and manager who wilfully paid or permitted to be paid dividends out of what they knew to be not profit. They are liable to the company to the extent of the amount exceeding the value of any distribution of dividends that could properly have been made.

The CA 2016 also prescribes the new liability imposed on the member. Section 133(1) states that the company may recover the amount of distribution received by a shareholder which exceeds the amount which could properly have been made unless the shareholder (1) has received the distribution in good faith; and (2) has no knowledge that the company did not satisfy the solvency test.

No worries, sooner rather than later CapitalA need an AAX style debts restructure with capital reduction, share consolidation and every RM 1 debt become RM 0.1 debt.
IN THEORY RM 0.09 coming.


Does anyone remember CGS-CIMB gave a price target of RM0.09 to Capital A about a year ago lol, wonder why they stopped giving ratings after that

I had worked for MNC and owner run business. The different with MNC and Owner run business is ownership where in MNC all are employees and thus behave like employee and the CEO will sell or buy busiiness base on which business will give the fastest and highest return on capital.

On the other hand an owner/family run business, the owner will try to keep the business forever and if fortunately the owner is capable and visionary then the business will expand and flourish but if the owner is just a playboy type then most likely the business will be stangnant and facing the slow decline. All is not lost, if the owner realise his own lack of capability and prepare to hire a capable professional CEO then who know the owner owned business might turn into an MNC.

So as retail investor you are competing with professional fund managers in trying to make money from the market. The fund managers have vast pool of money and analysts to keep watch on their investment 24/7/365 and they will act fast without hesitation, emotion and mercy (exception TTB run Icap). So as retail investor what is your odd compare to those fund mangers.

One thing for sure CapitalA will not be out of PN17 by April 2023.

AAX alteady restructute the debts where everyone get a big hair cut in order to start anew on the balance sheet.

CapitalA if without debt restructure where everyone take a big haircut how to start anew with a clean balance sheet.

CaitalA balance sheet as at 31/12/2023.
Total equity: RM (9,427,491,000)

Thanks Bob for the advise.

Bob,
I am thinking of switching CMSB to Drbhcom.
What your opinion?

No. Plantation Land Area (Ha): Planted Area (Ha)
1 Simalau 5,003: 4,866
2 Hariyama 10,600: 9,645
3 Wealth Houses 6,000: 5,757
4 Lepah 5,149: 4,099
5 Daro Jaya 11,681: 9,841
6 Lassa 21,300 :16,287
7 Eastern Eden 10,000 :8,580
8 Sawai 6,050: 5,448
9 Kabang 2,700: 2,133
10 Poh Zhen 5,000: 2,933
Total 83,483: 69,589

Out of a total planted land bank of 69,589 hectares, 97%
of our palm trees are in their prime with a weighted
average palm age of 13 years old. About 3% are young
mature palms with an increasing yield

In 2018 Bplant paid RM 750 million in acquisition of 11, 500 hectares unproductive duta land plantation.

Jayatiasa
Market Cap: 716 Million
NOSH: 974 Million
Avg Volume (4 weeks): 4,528,605
4 Weeks Range: 0.61 - 0.74
4 Weeks Price Volatility (%):
99.32%
52 Weeks Range: 0.47 - 1.25
52 Weeks Price Volatility (%):
58.80%
Average Price Target: 1.32
Price Target Upside/Downside: +0.585

Tony will sacrifice everyone in order to save himself.

If only icap can perform like Berkshire Hathaway then only you will have loyal shareholders.

But the problems is Icap can't perform and all his so called valued long term stocks holding in the portfolio is/are:
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 days ago | Report Abuse

Size of Holdings as at 31 May 2022
Company (‘000 shares)
Bioalpha Holdings 49,058
Interesting to see Bioalpha is in iCap portfolio.
Gruesome company by my definition.

Jaya Tiasa Holdings is set to resume its uptrend as it rebounded strongly above the 21-day average line, surpassing the MYR0.68 previous breakout level, on strong trading volume. The “higher high” bullish pattern printed yesterday may propel the stock northwards towards MYR0.80, followed by MYR0.90. However, the counter may reverse direction if it drops below the MYR0.65 support, forming a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 3 Mar 2023

SUBSTANTIAL SHAREHOLDERS
AS AT 30 SEPTEMBER 2022
No. of
Name of substantial shareholders ordinary shares %
1. Dato’ Sri Thong Kok Khee * 166,064,962 25.05
2. M & A Investments International Limited 124,420,289 18.77
3. Dato’ Thong Kok Yoon ** 74,203,648 11.19
* Direct and deemed interest by virtue of his family members’ interest and his substantial interest in M & A
Investments International Limited, Immobillaire Holdings Sdn Bhd, Baktihan Sdn Bhd, Winfields Development
Sdn Bhd and Montprimo Sdn Bhd.

** Direct and deemed interest by virtue of his family members’ interest and his substantial interest in Perak Traders
Holdings Sdn Bhd and Baktihan Sdn Bhd

Do I sound like someone who need an ego booster?

2018 is my first Insas AGM where I face to face with Insas CEO Dato' Sri Thong and argue for hours on giving better dividend and dividend policy to no avail.

Dato' Sri Thong must be very sour with me as he relinquish CEO post to Dato' Wong. The rest is history.

If you ask Al: type your father name and your name and ask what is the relationship between him and you then instead of a reasoning, Al will give you a sarcastic answer or a make believe story to boost your ego.

This is a clear example of Al using reasoning to prompt KJ to think for himself. But unfortunately KJ can't even think for himself and want everything spoon feeding on silver spoon.

The former Umno Youth chief today shared a screenshot of his "consultation" with ChatGPT, which interacts conversationally, on his Instagram story and noted that he didn't find the response helpful.

ChatGPT's response read: "As an AI language model, I do not have personal opinions or take sides in political matters. The decision of which political party to join is a personal one, and it depends on a variety of factors such as the individual's beliefs, values, and goals. Ultimately, it is up to Khairy Jamaluddin to decide which party aligns best with his own beliefs and principles, and which party he feels will best serve his constituents and the country as a whole."

"Tak guna betul ChatGPT ni… ingat boleh bantu…(ChatGPT is not really useful. I thought it will be able to help)," Khairy wrote on his Instagram story.

Al actually gave better/rational reasoning than many people here who cannot even think for themselve.

So long no new comment from leno. Hope everything is well with leno.

Watch out for end Feb 2023 Malaysia CPO stock level.

Palm Oil Hits 8-week High Malaysian palm oil futures were trading around the MYR 4,300 per tonne mark, closing in on their highest level since November 2022, buoyed by brisk export demand, a weaker ringgit, and supply concerns. Exports of Malaysian palm oil products for Feb. 1-25 rose between 15.3% and 25.4% from the same period in January, cargo surveyors showed. On top of that, the Malaysian Meteorological Department warned of danger-level continuous rain across western regions, raising flooding risks and sparking concerns about disrupted supplies. Supporting prices further, key markets India and China might need to refill their inventories of edible oil in the coming months. At the same time, any unfavorable weather conditions in India could ignite worries about the country's domestic production. .

Those holding Insas are asking the BOD to give a better dividend and only ready to value Insas at 3.5 - 4 % dividend yield (same as bank FD) and not more than 90 sens as they are afraid of WC conversion at 90 sen will dilute the Insas share value.

Those holding WC do not like high dividend because WC do not get dividend and they prefer Insas to keep the cash and they are unable to push up insas price because already trapped and all in WC.

So put your Insas in freezer and only come back on expiration of WC on Feb 2026.

Dear Lee Soon Sheng,

We refer to your email below.

First and foremost, kindly accept our sincere apologies for the late response. We appreciate your interest and investment in our company and we take all feedback seriously.

Secondly, pertaining to your query on disclosure of Malakoff Estate (Malakoff) in Integrated Report (IR) 2021, land area of Malakoff has not changed from 2020 to 2021. Rather, Malakoff has been converted as a division under Bukit Mertajam Estate (BME) in 2021 and Malakoff is still maintained as oil palm estate. Hence, we have disclosed the combined hectarage under BME in IR 2021. Please refer to breakdown below for illustration:


As per AR 2020 (page 162)
As per IR 2021 (page 255)

BME
2,164.8
2,727.1

Malakoff
562.3
-
Total
2,727.1
2,727.1

Finally, regarding Sarawak disposal, we are monitoring the progress of the said disposal and necessary announcement to be made on any material development of the same.

We hope the above clarifies your concern.

Thank you for your ongoing support and trust in our company.


Regards,
Investor Relations Department
Boustead Plantations Berhad

PetronM EPS for the year end 2022 RM 111.3 cents
HRC EPS for the year end 2022 RM (52.55) cents.
Meanwhile Petdag EPS for the year end 2022 RM 78.2 cents