The government did not help the poor and rural bumiputra:
Sabahan natives
Sarawakian natives
Students from pahang, kelantan, terrengganu and other rural areas.

The government only use the name of helping poor and rural bumipura to enrich the political well connect Malay.

Did anyone know the wealthy and well connected Malay childrens were given scholarship to study in foreign unversity?

What a bullshit taking about government helping the poor and rural bumiputra:
Sabahan natives
Sarawakian natives
Students from pahang, kelantan, terrengganu and other rural areas.

So your fine tuning mean not follow each rule and compliance?
Isn't that against the law to not follow each rule and compliance?

So now Tan Sri Stony did something that not follow each rule and compliance. He is also a naughty boy and don't wan tell the truth and not trustworty, anyone agree?

Posted by The_JQuestion > Aug 28, 2023 11:25 AM | Report Abuse
imagine u pay millions to accountants to report loss for u , tony will find a way to not ! sslee will follow each rule and compliance .. such good boy !! he wan tell the truth , by copy paste ... he is so trustworthy, anyone agree?

The_JQuestion what actually you mean by below statement?

Posted by The_JQuestion > Aug 28, 2023 11:25 AM | Report Abuse
imagine u pay millions to accountants to report loss for u , tony will find a way to not !

The_JQuestion is directly saying Stony told the accountants to commit accounting fraud. You better keep your opinion to yourself and not to say it in open forum.

Posted by The_JQuestion > Aug 28, 2023 11:25 AM | Report Abuse
imagine u pay millions to accountants to report loss for u , tony will find a way to not !

With the continued efforts set forth above, AAX has managed to turn around its financial position from 12 quarters of losses since the quarter ended 30 June 2019 to registering three consecutive quarters of net profit for the quarters ended 30 September 2022, 31 December 2022 and 31 March 2023. As at 31 March 2023, AAX has also recorded a positive shareholders’ equity.

Based on its improved operating and financial performances, AAX no longer triggers any of the criterias prescribed under Paragraph 2.1 of PN17, particularly as AAX’s shareholders’ equity has turned positive;
and AAX’s external auditors have expressed a clean opinion of AAX’s financial position.

As at 30/3/2023
AAX shareholders' equity: RM 40,762,000

But if capitalA inject in CapitalA aviation with its billions in net liabilities into AAX what will be the AAX balance sheet and shareholders' equity look like?

Will AAX then need another round of debts restructure, capital reduction, share consolidation and capical cash call again to get out of PN17?

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

https://newsroom.airasia.com/news/capital-a-pn17-extension#gsc.tab=0

Chief Executive Officer of Capital A Tony Fernandes said, “We were at the sharp end of Covid, as were many airlines around the world, but we are coming out of it stronger than before – our airlines and network are fast returning to pre-pandemic levels, and our digital businesses are performing better than many had expected. While our PN17 status remains an accounting issue and does not accurately reflect the business viability and prospects of Capital A, we have nevertheless worked very hard to develop a plan to address the PN17 status as a key part of our post-pandemic recovery journey.”

“The plan envisaged will entail the disposal of Capital A’s aviation businesses, namely AirAsia Berhad and AirAsia Aviation Group Limited, to AirAsia X Berhad (AAX). The shares consideration, received in exchange for the disposal, will then be distributed to Capital A shareholders, so that they will retain direct interest in the aviation businesses via AAX, following the restructuring. In essence, via this scheme, Capital A’s shareholders’ value will be preserved. Capital A will be rebranded as an aviation services and digital group, post the disposal and distribution exercises. We envision a separate spin-off listing in the future for the aviation services businesses of Capital A once the PN17 status is resolved.”

Capital A expects to complete the implementation of the regularisation plan by July 2023, subject to necessary approvals including from our board of directors, shareholders and RCUIDS holders, Bursa Malaysia Securities and other relevant authorities.

StartOfTheBull is so eager to cut and paste part of the comment to twist and turn and to lie.

The full comment below so tell me if read as a whole am I a liar or Stony is a liar?


Posted by Sslee > 2023-03-15 07:46 | Report Abuse

Part of AAX PN17 regularisation plan is debts restructure, capital reduction and 10 to 1 share consoludation follow by a renounceable rights issue of new shares to raise gross proceeds of up to RM300 million from its existing shareholders, and an issuance and allotment of new AAX shares to raise another RM200 million.

Stony did not carried out the RM 500 million capital cash call and now intent to inject CapitalA aviation with its billions in net liabilities into AAX for maybe billions of AAX share to CapitalA which will then be distributed to all the CapitalA shareholders.

So AAX will then need another round debts restructure, capital reduction, share consolidation and capical cash call again to get out of PN17.

it is part of the Company’s plan to raise up to RM500 million to restart the Company post restructuring. However, it is a prerequisite that the proposed debt restructuring scheme has to be completed and successful before the Company can formalize any fund raising exercise;

in respect of the liquidation of AirAsia X Indonesia, while it is known that AirAsia X Indonesia ceased operating scheduled services in January 2019, no liquidation proceedings have commenced as at the date of this announcement; and

the investment of AAX in Thai AirAsia X has been fully impaired based on AAX’s audited financial statements for the financial year ended 31 December 2019.


This announcement is dated 26 October 2020.

The above are from Stony and AAnewsroom.
So are you saying Stony and AA are liers.

No worries and no need to promote how many people CapitalA carried or going to carry.
Another 3 days time you will know whether CapitalA actually make any money from flying people?

I think TAR and private university are of much better quality and their graduate are more easy to find job after graduation compare to National university graduate.

During my time a good teachers and a good library are what make the different. Nowadays you can find any subject that interest to you in intenet/youtube.

So nowadays education is all about teaching people to think and follow their heart/brain.

Myself, my wife and all my chikdren are graduate from Vernacular (Chinese) school. That did not stop us from learning and speaking well in Bahasa Malaysia and English.

What we like most from vernacular school is the dedicated teachers and the learning environment that emphasis on STEM and universal moral value of hardwork, self-determination, benevolence, filial piety, duty, responsibility, trustworthiness, righteousness and etc.

Today National school are almost all Malay as National school emphasis on religion (Islam) which scare away all the non muslim.

Vernacular school SJK(C) are actually more multiracial and multicultural as more non-chinese parent are sending their children to Vernacular school.

OMG,
Someone spend so much time promoting Jaks in i3 even at weekend.
He must be very lonely and do not have a life outside i3.

Money need to use it in the right way with a purpose:
Spend on:
The best education for my children
Monthly expenses and medical care for my mum
A nice semi-D house in setia Eco-park for family
BMW 530e for wife, Honda civic for son and Mazda CX30 for daughter
A semi-D house in setia Eco-Park for elder son
An apartment in Singapore for second son
Million in FD
Million in equity (which earned me close to 200K per year).

Do not waste your money everyday go massage. Or maybe someone need massage everyday just to get stock tips from massage girl?

Sleep late and wake up early or sleepless night is bad for health. So please take care of your health. Money is usless without health.

Luckily there was a offer by KLK. Imagine without the offer and with poor quarter result due to: no land disposal gain, poor yield/old tree which need capital for replanting, what will be the price of Bplant today?

So do not be greedy just take the offer at the table. KLK is not superman and it need lot of capital/management and long time to turn around a badly managed plantation.

Market Cap: 447 Million
NOSH: 2,290 Million
Avg Volume (4 weeks): 13,797,230
4 Weeks Range: 0.185 - 0.215
4 Weeks Price Volatility (%): 33.33%
52 Weeks Range: 0.17 - 0.305
52 Weeks Price Volatility (%): 18.52%

Good morning,
Kasian somone is so worry and cannot sleep till 2.45am still post his big promotion/con banner:
>> Hoho Syndicate had consolidated distribution left right evenly at cost RM 0.195 .
Syndicate pun mau Cari Makan le , cannot just push Up Up Up … need to piling foundation by foundation lo ..
26/08/2023 2:45 AM

Syndicate boss must be very angry with Johnnycomelate after weeks of promotion still cannot break the 4 weeks high of 0.215

By the way what is the net current assets and net financial assets of Jaks, CapitalA and Insas?

So whose figure ti believe StartOfTheBull or Johnchew5 ?
StartOfTheBull
Jaks current assets exceeded current liabilities, cash flow is still healthy or
Johnchew5?
a) - b ) = ( 584,626,000 )
Cash Flow from Operating Activities :
( RM 894,000 )

StartOfTheBull You are wrong. Jaks current assets exceeded current liabilities, cash flow is still healthy, plus incoming revenue collection from LSS4 sucessfully launched 4 months ahead of schedule. Better start carry out your search for your missing "boyfriend" old akua immediately without delay. 😁

Johnchew5 Jaks
Referred to FY23 , 1 QR ended March 2023 :
a) Financial asset
Trade n other receivables 337,839,000
Cash and bank balances 24,102,000
Deposits placed with Banks. 41,630,000
total = 403,571,000

b) Financial liabilities
Loans and borrowings 511,117,000
Trade and other payables 477,080,000
Lease liabilities —
total = 988,197,000
a) - b ) = ( 584,626,000 )

—
Gearing Ratio : 37.5 % ( 0.375 X )
Financial Cost : ( RM 5,723,000 ) / quarter
—-
Hoho hope the Financial Cost rate is not increasing : 


illustration: 

(5,723,000 ) X 4 / 511,117,000 = 4.48 %
—
Other Operating, Administrative Expenses :
( RM 14,875,000 ) / quarter
——
Cash Flow from Operating Activities :
( RM 894,000 )

John is here to help syndicate to con newbies (still use the same old method as in PA). He where got ..die die du si 1 jak flower only...dont know how to move on?


Posted by Johnchew5 > Aug 24, 2023 1:34 PM | Report Abuse
Syndicate holding ard 17 million share distribution left right piling at foundation no 0.201 :
Daily Range : 0.195 to 0.21

Posted by Johnchew5 > 20 hours ago | Report Abuse
Hoho Syndicate have additional 10 million share distributions left right today ..
Let’s see piling at foundation no 0.209 will take how long ? This week got Fish MA200 swimming or not ???

I did not hold any banking stock yet. Still waiting for right time to buy some (Too afraid bank kena impairment of bad loan especially from Jaks)

My top holding is still Insas. Q4 result will be out only on 30/6/23. Hoping this year Insas AGM will be a physical one so then I can personally put foward my augument for better dividend and if possible a formal dividend policy.

Note: Send below message to Insas CEO this morning.

Good morning Dato' Wong,

Hope Insas quarter end 30/06/23 will be another profitable quarter.

Will this year AGM be a physical meeting as long time did not met up with Insas BOD?

This year I will put forward my request for a fair/better and equitable dividend and if possible a dividend policy.

Insas should distribute the cash hording to shareholders as now Insas do not need to standby cash to support M&A Securities Bhd as already successful reverse take over SYF and rename M&A Equity Holding Berhad and share price perform very well.

I should have bought some SYF/M&A Equity Holding Berhad instead of holding on to Insas for dividend yield.

Hope to met you personally during this year AGM

I actually caught/conned one MikeTikus at HRC 44th floor with crack spread here and crack spread there. Since then he hang his big panjang lebar banner at every forum and full of rage.

Posted by twobits > Aug 25, 2023 4:46 PM | Report Abuse
Ya ba... Lama tak datang sini... Memang newbie ba..
So, whats up with the panjang lebar post?
U kena conned kah?
Full of rage?

The old saying is that “figures will not lie,” but a new saying is “liars will figure.” It is our duty, as right-minded people, to prevent the liar from figuring; in other words, to prevent him from perverting the truth, in the interest of some theory/vested interest he wishes to establish/profit from..

CapitalA passengers carried for Q2 and Q1 2023 as below no need to use MAHB data:

In Q2 2023
During the quarter, the largest short-haul airline in the group, AirAsia Malaysia recorded a strong overall load factor of 87% reaching 6.4 million passengers. AirAsia Thailand, on the other hand, posted a load factor of 89% carrying 4.6 million passengers. While AirAsia Indonesia and AirAsia Philippines posted robust load factor at 84% and 91%, with passenger carried of 1.5 million and 1.6 million, respectively.

In Q12023
During the quarter, the largest short-haul airline in the group, AirAsia Malaysia recorded a strong overall load factor of 89% reaching 5.7 million passengers. AirAsia Thailand, on the other hand, posted a load factor of 92% carrying 4.58 million passengers. While AirAsia Indonesia and AirAsia Philippines posted robust load factor at 81% and 92%, with passenger carried of 1.22 million and 1.65 million, respectively.
Group Revenue: RM 2.5 billion
Group EBITDA & Profit after tax : RM502 million & RM26 million

Is Q1 2023 Profit after tax of RM26 million a good result?

What will be Q2 2023 financial result?
One thing for sure Q2 will record foreign currency exchange loss RM XXX million

USD to MYR
30/6/2023: 4.6677
31/3/2023: 4.4125

After delist CapitalA will still be business as usual as private company but cannot raise capital from equity market and most likely will take another 10-20 years to clear the debts.

Wait for next few days for Q2 financial result. Most likely poor result like Thai AA due to huge loss in foreign exchange losses (realised and unrealised exchange loss)

The next test will be can Stony come up with PN17 regularisation before or on bursa deadline of 7 Oct 2023? If can't then Bursa either approve another extension or reject the request for extension and proceed to suspend and de-list CapitalA.

Cause OF Death: 4 months premature.
Certificate Of Dead: On 21/8/2023, 4 months premature

Completing the construction approximately 4 months ahead of schedule.
4 months ahead mean overpaid Capex (you can check what is the price trend of solar panel. Many LSS4 holders delay their for a reason).

COD can only mean Certificate Of Dead for JAKS. Over borrow (Bank do not want to loan more money to Jaks high risk client) and PP also problems (under subscribe).

So can a profit RM 10 million per year enough to cover bank loan installment payment (intetest + principal)?
So ALP can now only signed MOU (toilet paper) with no mean/money to take on any new project unless RI 30% discount to VWAP 0.201 with free warrant coming soon.

Posted by Johnchew5 > Aug 24, 2023 9:39 PM | Report Abuse

3.) August to September 23 : Solar LSS4 Project commissioning .
👉 COD ( commercial operations date ) on 21/8/2023

>> Generate Profit RM 10 million per year with 25 years concession period.

Another dividend from Jayatiasa. When will Jaks start to pay dividend?

Dividend Payable
The Board of Directors (“Board”) is pleased to declare a second interim dividend of 1.7 sen per
ordinary share for the financial year ended 30 June 2023.
The entitlement and payment dates in respect of the interim dividend are 13th September 2023 and
29th September 2023 respectively.
Total dividend declared for the financial year ended 30 June 2023 is 3.2 sen per ordinary share.
(2022: 2.8 sen)

This year my objective it to break 200K in dividend income.

Stock : 5983 - MBMR

Ref No.
Date
Transaction Type
Quantity
Price
112723718 24/08/2023 Buy 20,000 3.7500
112723723 24/08/2023 Buy 30,000 3.7500
112724956 24/08/2023 Buy 1,700 3.8000
112729106 24/08/2023 Buy 3,300 3.7900

5983 MBMR
55,000 3.7539 4.0700 206,464.50 223,850.00 17,385.50 8.42

This morning bought some MBMR for the 26 cents dividend. Sekarang sudah ada book gain.

AAX after debts restructure, capital reduction, 10 to 1 consolidation and capital injection PP, AAX's Balance sheet already exit PN17 criteria.

If someone do not know how pump and dump syndicate work.
The so stupiiid just explain how it work:

Posted by Johnchew5 > Aug 24, 2023 1:34 PM | Report Abuse
Syndicate holding ard 17 million share distribution left right piling at foundation no 0.201 :
Daily Range : 0.195 to 0.21

Posted by Johnchew5 > 20 hours ago | Report Abuse
Hoho Syndicate have additional 10 million share distributions left right today ..
Let’s see piling at foundation no 0.209 will take how long ? This week got Fish MA200 swimming or not ???

If more than 33% then will offer MGO for share not owned by KLK and PAC (LTAT and Boustead Holding) taking private.

If KLK only acquired less than 33% to help LTAT/Boustead holding to solve their cashflow problem then no MGO required.

Boustead Holdings is the single largest shareholder of Boustead Plantations with a 57.42% stake, followed by LTAT with a 10.59% stake

Jaks on Q4 will be another round of impairment loss on trade receivables, other receivables and goodwill.

On Bplant what already knew by market is Bplant is in the market to sell their Sarawak plantation and what yet to be known/confirmed is Boustead Holdings Bhd is planning to divest its 57% stake in Bplant.

Secret to happiness and success

“Happiness and freedom begin with a clear understanding of one principle: Some things are within our control, and some things are not.”

In life you are going to come across many type of people so choose who are to be your friends or associated with and who to avoid/ignore because your future success will depend on this critical choice

So stupiiiid can't even understand plain english or he is a liar?

JAKS Financial ended: 2022: 2021: 2020: 2019
Impairment loss on:
Trade receivables RM: 5,099,410: 9,848,415: 25,862,099: 5,318,354
Other receivables RM: 18,737,258: 13,461,525: 45,331,965: 7,188,995

SERBA DINAMIK HOLDINGS BERHAD
Financial: 9 months ended 31/3/2023: Year ended 30/6/2022: 30/6/21
Impairment of trade and other receivables RM: 865,009,000: 393,205,000: 394,998,000

I cannot believe that Bursa reply to me on impairment of receivable: Please also note that it is the prerogative of the Board of Directors of the listed issuer whether to take legal action with regard to recovery of the receivables.

So impairment of receivables did complied with approved accounting standards and can be used as a legal way to whitewash accounting fraud or siphoning listed company money to relate party, friendly party or to own private company?

Here we are talking about making Bursa an efficient, vibrant, fair and orderly market. But I can’t agree more on the feeling and frustration expressed by i3investor commentator:

hulwan These kinds of shenanigans, and then they wonder why our Bursa is in the doldrums

Posted by Johnchew5 > Aug 24, 2023 6:57 AM | Report Abuse
Hoho nowadays Supernan Sot3Lee mentality depressed syndrome getting worse , taken LD med changed to Delisting med … hahaha

Same same as saying Jaks Shl be like Serba going to be delisted wow

Suapension and delist is inevitable.

Covid19 has destroyed CapitalA Balance sheet beyond repaired without debts restructure (which creditors will not agreed to it now and want their maoney back in full plus interest) or capital injection (RI) that even Stony not prepare to put his money where his mouth is.

5 more trading days before the month closed. When will CapitalA quarter 2 result out?

So stupiiid do not know which financial report is for SYF RESOURCES BERHAD and which one is for M & A SECURITIES SDN BHD.

So stupiiid go read the circular on M&A securities sdn bhd financial statement.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3326247

CIRCULAR TO SHAREHOLDERS IN RELATION TO THE PROPOSED DISPOSAL OF THE ENTIRE ORDINARY SHARES AND REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN M & A SECURITIES SDN BHD TO SYF RESOURCES BERHAD FOR A CONSIDERATION OF RM222,000,000 TO BE SATISFIED THROUGH THE ISSUANCE OF 1,009,090,909 NEW ORDINARY SHARES IN SYF AT AN ISSUE PRICE OF RM0.22 EACH

Can anyone understand what is so stupiiid trying to say with the below figure????


Posted by Johnchew5 > Aug 23, 2023 2:35 PM | Report Abuse
Capital a
>> Referenced to QR dated Dec 2022 :
A) Aircrafts maintenance provisions and liabilities = RM 6.44 Billion
B) Lease Liabilities = RM 15.01 Billion
C) Borrowings = RM 2.91 Billion

> Referenced to QR dated March 2023 : 

A) Aircrafts maintenance provisions and liabilities = RM 5.97 Billion
B) Lease Liabilities = RM 14.91 Billion 


C) Borrowings = RM 2.91 Billion

> Right of Use Assets : RM 10,108,842,000 ( 10.108 Billion)

Bursa will not care whether CapitalA name is worth USD trillion as long as CapitalA cannot come up with PN17 regularisation plan to address how to debts restructure or recapitalise to make sure shareholders' equity is not less than RM40 million otherwise capitalA will be suspended and delist

(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

NTA of 4 cents is still good enough to continues the listing status.

CapitalA NTA is negative RM 1.33 and facing suspension and delist if cannot come out with PN17 regularisation plan. (The PN17 regularisation plan second extension Bursa deadline is 7th Oct 2023)

Time is running out for CapitalA to maintain the listing status.

Know how bad is CapitalA 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)

It is so bad or in other word an insolvent company.