CAPITAL A BHD.
Weekly Pivot Point Momentum!?
S1: 0.82(Buy).
PIVOT: 0.85.(Hold)
R1: 0.91.(Trader's Sell)
R2: 1.00.
Disclaimer: Trade at Your Own Risk.

Stock: [SKPRES]: SKP RESOURCES BHD.
3 days ago | Report Abuse.
SKPRES:
Added, average cost...@0.80...🤔🙏🚀!
👍🙏

Realrich
This is not foreign fund selling, this is operator left hand sale to right hand cheap you throw ticket to them. I saw what they did. Based on my 4 step suggestion don't believe them we don't throw our tickets, we buy more lower down our cost and waiting rebound.

Technical Rebound/Inverted Hammer...sooner or later...Patience... Interest Rates in Bear...Equities...in Bull...🤫🙏

Eco World International Berhad announced appointment of MR ANDREW CHEW KWANG MING as Non Independent and Non Executive Alternate Director. Date of change is March 3, 2023. Age is 49.

Qualifications includes Professional Qualification in Accounting from Certified Practising Accountant Australia, Professional Qualification in Accounting from Malaysian Institute of Accountants and Bachelor of Business (Accounting) from Monash University, Australia.

Mr. Andrew Chew Kwang Ming is the Group Chief Financial Officer ("CFO") of GuocoLand Limited which is listed on the Main Board of the Singapore Exchange.
He joined GuocoLand Group in 2011 and held several positions, the latest being CFO of the GuocoLand Group's Singapore operations.
So collaboration is imminent... that's why, there are some exchange of willing buyers/sellers...Insiders.
Need to Hold.
Analyse yourself...if u intend to buy n hold, without obligation.

cheongks1979
Does EWINT achieve FY23 target 1.4B sales?
Read this website:
https://www.nst.com.my/business/2023/09/957711/ecoworld-internationals-q3-net-loss-narrows
Both Tan Sri Liew n Quek, are descent businessmen. They are passionate to grow their specific business.
Anyway UK n even SWP Nations, are lacking behind China, comparing transportation infrastructures, buildings n even Internet applications.
After COVID-19, it's getting worst, properties are sluggish, hopefully with good exchange rates, EWINT is on track to achieve #1.4B in Sales, plus little lost or slight profit...🤔🙏
Rumor between GUOCO/EWINT, Guoco award winning developer, listed in STI, has collaboration with HKG n China, development. So any turnaround, to profitability, then only share price will uptrend by #20/30%.
Important interest rates must go down, Treasury Yield must be around #3.6/4%.
Then only liquidity will expand, most Equities will appreciate...🤫🤔
Disclaimer: Invest At Your Own Risk!

Posted by geary > 2023-07-28 17:01 | Report Abuse
@0.510!?
Swing/Hold: #80/20.!?
Already Sold...100%...>25%...Profit.
This one can buy back on Weakness...🙏

Paramon: Probably the best property...DY n bonus issue stock in Bursa...Sold...@1.000...hold...some for DY/other return.
Dis: Trade At Your Own Risk.

Shines
Bro 1eo, I lost count when, I bot after the last BI around rm3, and as it drop I bought and bought my ave is around 1.60.
Wah...almost #20%DY. My average is @2.50. Hold...since Jan. 21.
Still okay DY... average above...#7.2% is okay...safety is above...#10/12%... average 10-Yr. Dividend around #0.20/share...bonus issue not included. 🤔

US Markets News:
Stocks rolled to their best week of the year after a wave of economic data and sinking bond yields helped the big three indexes break out after a brutal October.

The Dow Jones Industrial Average rose about 220 points, or 0.7%, on Friday.
The S&P 500 gained 0.9%.
The Nasdaq Composite soared 1.4%. All three closed up their best week of 2023.

The 10-year Treasury yield fell 0.289 percentage point to 4.557% this week after soaring north of 5% last month.
The 30-year yield fell to 4.75%, marking its largest one-week decline since March 6, 2020, according to Dow Jones Market Data.

“The bond vigilantes are throwing in the towel for now,” writes Andrew Brenner, head of international fixed income at NatAlliance Securities. “The bear market trend in bonds looks over for now, or at least stalled.”

After the Federal Reserve kept interest rates steady on Wednesday, a cooler-than-expected employment report on Friday had traders increasingly betting the central bank is done raising interest rates for the next few meetings. Fed-fund futures now put odds of a March rate cut at 26.8% from 12.9% on Thursday, according to CME FedWatch Tool.

There’s plenty of economic data due between now and then, but markets will relish in the shift in expectations— for now.
Liquidity will expand further, if Treasury Yield decline below 4%.
#🐂: 60%...🐻: 40%
Disclaimer: Trade/Invest At Your Own Risk!

EWINT: NTA: @1.02. NCAV: @0.53. Cash Value: @0.35.(Zero Debt)
What a Catch...Added...@0.35...!
🤔🙏...!
Proposed dividend: #0.06/share... probably more as seen from its first tranche #0.33/share!?
Cyclical Consumer product...Hold...For property turnaround...(Price Movements)...n more capital reduction...🙏

FLBHD: Presently it is solely DY stock...of...DY#12%...not much Price Movements...because of low lumber price...Unless lumber price shoot up to...#700/800...per 1K Feet...cyclical consumer products...Hold...🙏

Posted by geary > 2023-06-16 16:04 | Report Abuse

Bought...@3.15.(June 16)

Average Price Sold...@4.80(>50%)...Only hold for DY...#5%(Max. 20 stocks)...for above #15%...DY...!?(Cost below @1.60)...of my portfolio... 🙏

Hahaha...Only Swines are easily lured into such good for nothing... company...insiders...outsiders...are scammers... crocodiles n piranhas...KYY already lost millions...after visited Vietnam Power Plant...plus all kena Swindled by Jaks Insiders...!?
Lagi Tak Tahu... that's why all lost until kisiao...anyhow defecating n urinating in i3...🤮😷

Dead Fish...counter...DY: 2.7%...Price Volatility...less than #5%...Lousy Return on Capital Employed...Avoid...🤔🤮
Only Swines...buy/hold such company...🤮🥱

CapitalA...Unprecedented Sales/Profits...next two quarters as Predicted...!?...Plus Nasdaq Rumor...Big Liquidity expansion in US.!?
CapitalA Daily Pivot Point Momentum!?
S1: 0.82(Strong Buy).
PIVOT: 0.845.(Hold)
R1: 0.88.
R2: 0.93.(Trading Sell)
R3: 0.98.(Sell)
Disclaimer: Trade at Your Own Risk.
Nobody points a Gun or Lures...Forcing Anyone to Buy.
Casting Pearl to Swines...Wasting time here...!?...above...>@0.90...all these swines hiding in their muddy dens...if not will be eaten by...Lions.!?
Swines can talk n write... Rubbish...until cow comes homes...Still cannot see...Price Movements. Answer to them talking to walls...still have Echoes...Swines only Shit n urinate at every Forums...🤮
Read Disclaimer n understand simple English.

CapitalA...Waiting to Sell...Dec/Jan...Unprecedented Sales/Profit...this quarter...Nov, 30.
Talking so much...Rubbish...for their own...balls...satisfaction...who cares what's going to happen to capitala... SPAC...listing...still too far to know... Wasted time...in this forum...of wild dogs...or maybe pigs...🤮😷🥱

Walauerh... Lost millions in...Grab...then talk Rubbish about CapitalA International... haven't listed lol 😂...🥱😷🤮

Nepo
Somebody pls pull me uppp..cry.
If u don't have enough Cash ..then... Cut-Loss. If not u have extra free cash...hold for dividend...but I see maybe just beats ..inflation n depreciation...#6% DY.🤔

Added last few days... average cost...@0.71.🙏🚀
Technically Oversold...Rebound spotted...
Be patient...till January... Window Dressing...🚀

berfikir
no idea about this stok...very very very hard to up.
Yaloh...a bit fishy...#52 weeks lowest...oversold...Can add n hold...if u have the holding power... Patience...🙏🚀

SKPRES:
Added, average cost...@0.80...🤔🙏🚀

Bought past <30days...@0.34...Sold...#100%...#20%...Profit...Can shake legs for one year...🤑...Keep more...Dry Powder...Free Cash...🙏...So many counters are selling at #52 weeks low...🙏

That's why...same like those retirees...barking up at so many people...they themselves Lost millions...in XingQuan, Serbad, plus many China Red Chips...now barking at others... because they don't have money to buy/sell... Actually they should retire n hide... don't tell others what to do... Complaining so many incessantly n unnecessary...to Bursa, to everyone...they are Right...Human Right Ke...!?
Plain nonsense...plain madness...tak ubat can solve lah...keep on grumbling...old man...no time lah...few counters to monitor...we are...Scalpers...risk takers...win/lose...we just go on n on...🤫🙏🚀

Check your live account loh...Why u ask me...u don't know what ur barking up... already age 72... that's why, I said, u...
Blind telling the blind...the Price now is...@0.90...did u wear thick glasses...A Nerd...where did u see...I Q at @0.88/ To Sell(50%}...Not Matched Yet...Q at @0.98(To sell 30%)...So a 72 years old trying to buy at @0.90...I sell to u LOH...🤫🙏
34 minutes ago

MagicalBobby
Aiyoh, simple lah. Just fly through the air with a butterfly net and catch some hot air.
Yaloh...if listed then will hold linger term...if not when they gonna...pay dividend...just buy n sell for quick profit LOH...Be a Scalper... LOH 🤫🙏🚀

Walauerh...Still my average price...@0.80...Something fishy...insiders are manipulating...right/left hand...🤔🚀

Walauerh...Non of Scalpers... business anyway...we eagle eyes at...Daily Price Movements/Momentum...of course... Cut-Loss...also happenings...but below...#7.2%...!?
PN 17, bankruptcy, oil prices lah, lah, lah...we look at Micro/Macro...n take action...as per trading days ..🤫🤔🙏

Hello...Nerdie...Did u attack when price was at...S1: 0.805/0.815...So any price movement...above R1: 0.875/0.88...Just Sell...Be a Scalper...above...#7.2%...can beat... inflation n depreciation... everyday...🤫🤔🚀

Hello...All Good for Nothing Trash Talkers or Trollers...all these bankruptcy theories... irrelevant for us anyway...we are Swing/Day traders...'Hit n Run'...any price movements above #10.8%...we still beat all these Mr. Tan Ku Ku...for another @0.60/share...all past trends...of buy low sell higher...Now the price movements are at different times n trends...Wake Up...trollers...be counted to...Win...above...#6%...every SMA50...We don't trim positions...when companies don't pay dividends...we are...Scalpers...🤫
Daily Pivot Point Momentum!?
S: 0.815.
PIVOT: 0.845.
R1: 0.875.
R1: How many days!?
Dis: Trade at your own Risk.
Don't blame others for your losses 🤮

Blind telling the blind...the Price now is...@0.90...did u wear thick glasses...A Nerd...🤮🤦🚀

SPAC Funded scenario for CapitalA...Gut Feeling...it's so much different from others not so well established company like...Grab(Still unprofitable), or every year unprofitable or equity negative companies.
It takes around #3 to 6 months...to be listed in Nasdaq...then we shall see how those crowds of traders/investors...will React...Still Don't Know the real scenario...when it's listed.
Anyway it's a Leading Low Cost Airlines...in SEA, SuperApp (AirAsia MOVE, BigPay, Teleport n ADE (MRO)...so the crowds reaction will be...Positive...🐂:65%...🐻:35%...🚀

Final advice...as long your Return on Capital Employed cannot...beat Inflation n Depreciation of around...#6%...then u are losing in stock markets...as a traders or as an investors...🤔🤫

Mr. Tan Ku Ku...love company share price to stabilize...like Insas...just a losing return of #3.5% per year...they cannot see meh...!?
They keep inside bank deposits, at least better...no price movements...very safe...but return cannot beat... Inflation n Depreciation...So How...Mr. Tan Ku Ku...keep on complaining loh...why everything goes up...no buying power...why Ringgit keep on depreciates against ... Singapore Dollars LOH...🤫🤔🤮

All these Mr. Tan Ku Ku...can keep in complaining...Even SGX also cheated by so many 'Red Chips'...suspended...so many were burnt of the CPF, plus recently Hyflux. Business is all about money...dirtiest commodity... it's written n Chinese as two swords ⚔️ fighting...!?
How about SIA ..pump n dump loh...Temasek sold how many shares, to reduce it's MCB...after 3 years...from almost @8.00...now it's @6.00. SIA dropped almost @2.00. Don't sell... it's just plain Naive... don't know what the F...k...they are doing in stock markets...Dogs Eat Dogs...traders atmosphere...🤫🤔🙏

StartOfTheBull
Consider it is fortunate today closed flat from the hight of 87.5c, or else Mr Tan Ku Ku will have hard time again burning midnight candle to write complaint letter to Bursa again.

Somehow I feel they pretend or do thing on purpose...trolling...pretend so naive... don't know macro...only talking about micro ...!?
FA strategy is very high risk...in this so competitive business environment... Nothing is Forever...like MOAT...!?
Just advice for many...Dry Powder...very crucial to survive to stock markets...that's why Buffets...free cash is still very, very High...to 'Hit n Run'...also. To reduce cost of capital to zero cost...so as to have #100% DY....if company pay regular dividend at least 10-Yr in average...But keep an eagle eyes on its sales n margins ..🤫🤔🙏

Hahaha...Today quite a numbers of Mr. Tan Ku Ku...Queing at @0.725...@0.75...well keep in trying...these prices are all past tenses LOH...our past prices LOH...🤫🚀

CapitalA haven't listed in Nasdaq...so many wild dogs...barking up the Wrong Tree... it's still a Rumour...few of its business entity going to be listed... People say buy on Rumour...Sell on News...Talk like Chicken Naive...🤮

FinanceInRealLife
Is this how Capital A (AirAsia) gets out of PN17?
It's just nonsense or Bursa Accounting Issue... CapitalA is business as usual...as long every quarter big profits... that's the RP...wasted time asking for RP... every uptrend...Just...Hit n Run'... Everywhere the same...Tan Ku Ku...for DY of #2.5% like Insas...still lost #3.5%...in inflation n depreciation. They know how to trade or not...Buy n Hold...Bursa n many Listed companies here aren't Good Enough for long term...🤫🤔🚀

Home News
News
Taking Flight Together: Teleport, VietJetAir Cargo Partner For Seamless Air Cargo Solutions
By Cynthia Ignatius -November 2, 2023

Teleport announced a new partnership with VietJetAir Cargo.

Both companies signed a MoU at the Air Cargo Southeast Asia 2023 event in Singapore today (Nov 2).

This partnership enables Teleport and VietJetAir Cargo to mutually extend its network, combining Teleport’s largest Southeast Asia air cargo network of over 80 destinations with VietJet’s global flight network.

Francis Antony, Cargo Group Head of Teleport says, “VietJetAIr Cargo will be able to leverage on our freighter capacity and we are able to move goods across key lanes such as Kuala Lumpur to Vietnam. Together, we will bolster economic connectivity between Vietnam and the region, ensuring seamless connectivity and enhanced services for both our customers.”

Nelson Wu, Vietjet Air Cargo Managing Director says, “Our global supply chain capabilities will be extensively bolstered following Teleport’s partnership. We will be able to serve businesses in diversified areas and at quicker speeds, providing comprehensive logistics solutions to our customers worldwide. This especially empowers our businesses in Southeast Asia to engage in global trade with greater ease and confidence in the coming time.”

Capital A, Garuda Indonesia Ink MOU On Airline, Cargo And MRO Services
September 27, 2023
In "News"
Teleport To Add Three A321 Freighters To Its Cargo Fleet
September 12, 2022
In "News"
Teleport, China’s SF Airlines To Cross-Share Logistics Network
October 2, 2023.
More Great News from AirAsia Newsroom.
A lot of 'Tan Ku Ku...in CapitalA...below @0.60...said waiting for @0.50...how many times already...Up/Down...how many times...#20% Swing Traded Profit ..Just Waiting to Swing...n Shake Legs for at least a year...Mr. Tan Ku Ku... keep on barking loh...see whether u can get cheaper prices... that valuation was past tense LOH...🤫🚀

Monetary Policy Statement
Embargo : Not for publication or broadcast before 1500 on Thursday, 2 November 2023
2 Nov 2023
At its meeting today, the Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.

The global economy continues to expand, driven by domestic demand amid strong labour market conditions. Some signs of recovery are emerging in the electrical and electronics (E&E) sector, but global trade remains soft partly due to the shift in spending from goods to services, and ongoing trade restrictions. Global growth remains weighed down by persistently elevated inflation and higher interest rates, with several major economies experiencing slowing growth momentum. There are early signs of improvement in China’s growth, though its property market remained weak. Global headline inflation edged up partly due to higher commodity prices, while core inflation continued to moderate. For most central banks, the monetary policy stance is likely to remain tight. The growth outlook remains subject to downside risks, mainly from higher-than-anticipated inflation outturns, an escalation of geopolitical tensions, and a sharp tightening in financial market conditions.

For the Malaysian economy, the advance GDP estimate points to an improvement in economic activity in the third quarter. Growth in 2024 will be driven mainly by resilient domestic expenditure, with some support emanating from the expected recovery in E&E exports. Continued employment and wage growth remain supportive of household spending. Tourist arrivals and spending are expected to improve further. Investment activity would be supported by continued progress of multi-year infrastructure projects, and implementation of catalytic initiatives under the national master plans. Measures under Budget 2024 will also provide additional impetus to economic activity. The growth outlook remains subject to downside risks stemming from weaker-than-expected external demand and larger and protracted declines in commodity production. Meanwhile, upside risks to growth mainly emanate from stronger-than-expected tourism activity, a stronger recovery from the E&E downcycle, and faster implementation of existing and new projects.

As expected, both headline and core inflation have moderated, mainly due to easing cost pressures. In the third quarter, headline and core inflation averaged at 2.0% and 2.5%, respectively. Going into 2024, inflation is expected to remain modest. Risks to the inflation outlook remain highly subject to changes to domestic policy on subsidies and price controls, as well as global commodity prices and financial market developments. Of note, the Government’s intention to review price controls and subsidies in 2024 will affect the outlook for inflation and demand conditions.

The expectations of a higher-for-longer interest rate environment in the US, and increased concerns over the escalation of geopolitical tensions have contributed to a persistently strong US dollar. This has affected other major and emerging market currencies, including the ringgit. Nevertheless, these developments are not expected to derail Malaysia's growth prospects. Bank Negara Malaysia will continue to manage risks of heightened volatility, including to provide liquidity, to ensure the orderly functioning of the domestic foreign exchange market. Financial institutions continue to operate with strong capital and liquidity buffers, with domestic financial conditions remaining conducive to sustain credit growth.

At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects. The MPC remains vigilant to ongoing developments to inform the assessment on the outlook of domestic inflation and growth. The MPC will ensure that the monetary policy stance remains conducive to sustainable economic growth amid price stability.

The meeting also approved the schedule of Monetary Policy Committee meetings for 2024. In accordance with the Central Bank of Malaysia Act 2009, the MPC will convene six times during the year. The Monetary Policy Statement will be released at 3 p.m. on the final day of each MPC meeting.
BNM.
🐂: 60%...🐻: 40%...🚀

SYDNEY: Asian shares and bonds extended a global rally on Thursday as a non-committal Federal Reserve chief had markets double down on bets that U.S. interest rates have peaked and cuts are on the way.

Europe was also set for a positive open, with EUROSTOXX 50 futures up 0.7% and FTSE futures rising 0.5%. The Bank of England will meet later in the day, and markets suspect that its tightening cycle is also done and dusted.

S&P 500 futures rose 0.3% and Nasdaq futures advanced 0.4%.

Investors are now awaiting the results from Apple, a bellwether for consumer demand and the tech sector. The Cupertino California-based company is expected to report a 1% decrease in quarterly revenue later in the day.

MSCI's broadest index of Asia-Pacific shares outside Japan surged 1.6%，the biggest daily jump since late July. Tokyo's Nikkei gained 1.1%.

China's blue chips slipped 0.2%, while Hong Kong's Hang Seng index jumped 0.9%.

Overnight, the Fed held the policy rate steady in its current 5.25%-5.50% range. While Chair Jerome Powell did not rule out another hike, markets judged he was not quite as hawkish as he might have been.

Fed funds futures rallied as markets pared back the risk of a December hike to about 20% and a January move to 25%. Markets have priced in a 70% chance that the tightening is over and rate cuts could amount to 85 basis points next year, beginning as soon as June.

Wall Street and Treasuries jumped. The S&P 500 gained 1% and the Nasdaq Composite surged 1.6%.

The benchmark 10-year Treasury yield eased another 1 basis point to 4.7196%, the lowest in more than two weeks. Overnight, it tumbled 14 basis points, the biggest daily drop since March, also thanks to a Treasury announcement that the government will slow increases in the size of its longer-dated auctions.

"Fed Chair Powell certainly reserved the right to hike rates again, but our takeaway is that the Fed is very likely done with rate hikes," David Chao, global market strategist, Asia Pacific (ex-Japan) at Invesco, said in a note to clients.

"This certainly gives Asian central banks such as Indonesia and Philippines more wiggle room to hold rates instead of raise them," said Chao, adding he expects international assets, especially emerging markets, would outperform U.S. assets.

The next big focal point for the market is non-farm payrolls data on Friday, which analysts expect to show the economy added 180,000 jobs in October, slowing from 336,000 increase the previous month. It will come after mixed data showed strong job openings and slower than expected growth in private payrolls.

For currencies, the retreat in Treasury yields pulled down the U.S. dollar modestly, while the improvement in risk sentiment gave a lift to the battered Aussie and kiwi dollars, which rose 0.5% and 0.7%, respectively, to multi-week tops.

"Although the FOMC may not be talking about it today, within a few months, the question will no longer be 'Will they hike again?' but 'When will they cut?'," said Seema Shah, chief global strategist at Principal Asset Management.

The yen continued to regain ground - up 0.3% to 150.42 per dollar on Thursday. It had hit a one-year low after a Bank of Japan decision to ease its control over the 1% cap on 10-year yields, with the tweak seen insufficient to close the wide interest rate gaps between Japan and other countries.

Whatever FA...don't really move markets prices... expansion n contraction of free cash flow... overall moves markets prices...any reduction of interest rates will ultimately...🐂... bidding/asking are squeezed...lots of Dry Powder... flowing freely...to all Markets... Don't pretend to be Naive of Micro/Macro Economic...🤫🤔🚀

Festive Season Airlines fares n others:
Fares for Singapore-Malaysia route nearly triple for Chinese New Year period
Published Thu, Nov 02, 2023 · 9:10 am

Demand for air tickets to Malaysia have tripled for the Chinese New Year period, said Jetstar Asia. PHOTO: ST FILE
Chinese New Year

TRAVELLERS planning to make a trip to Malaysia during the Chinese New Year period in 2024 can expect to fork out up to three times more for airfare and bus tickets.

More than three months before the festive occasion on Feb 10 and 11, many from Singapore who plan to celebrate in Malaysia have already snapped up tickets to escape paying inflated prices caused by the expected spike in demand.

One of them is Ms Cheyenne Lim, who bought return flight tickets to her parents’ home town of Penang for three people on AirAsia for S$273 each.

Ms Lim, 23, who works in the food and beverage industry, said: “If we don’t buy early, the fares may double nearer to the Chinese New Year dates.”

She bought the tickets for her Feb 10 to 18 trip in March 2023, almost immediately after they were made available on the airline’s website. As at Wednesday, the same route costs S$526.

In 2022, Ms Lim took a domestic flight to Penang from Johor after hiring a car to cross the border, as round-trip airfares from Singapore cost more than S$500 each two months before Chinese New Year.

CapitalA: Confirmed Unprecedented Sales/Profits...4th Quarter...End Feb, 28, 2024...Plus substantial Free Cash Flow...🤔🙏🚀

Brent futures fell 39 cents, or 0.5%, to settle at US$84.63 a barrel. US West Texas Intermediate crude fell 58 cents, or 0.7%, to US$80.44.

NEW YORK: Oil prices eased about 1% to a three-week low on a rising US dollar and after the US Federal Reserve kept interest rates steady as expected but noted it would keep the door open to possible future rate hikes due to a strong US economy.

Interest rate hikes can slow economic growth and dampen oil demand. A strong dollar makes it more expensive to buy fuel using other currencies, pressuring prices.

Brent futures fell 39 cents, or 0.5%, to settle at US$84.63 a barrel. US West Texas Intermediate (WTI) crude fell 58 cents, or 0.7%, to US$80.44.

That was the lowest settlement for Brent since Oct. 6 and WTI since Aug. 28. Both contracts settled below their 100-day moving averages, a key level of technical support since July.

Trade was choppy, with both benchmarks up over US$2 a barrel early on Middle East worries.

The Fed, which started raising interest rates in March 2022, held rates steady but left the door open to a further increase due to a strong US economy.

The US dollar rose to a four-week high against a basket of other currencies. Crude futures were also pressured by an increase in US crude stocks and gasoline inventories last week as refiners undergoing seasonal maintenance restarted units more slowly than expected to avoid even larger gasoline stock builds.

In Europe, October inflation in the Euro zone was at its lowest in two years, a Eurostat flash reading showed, stoking the view the European Central Bank is unlikely to hike interest rates soon. The Bank of England is expected to meet on Thursday.

In China, the world's largest oil importer, factory activity unexpectedly contracted in October, a private survey showed, adding to downbeat official figures from a day earlier.

Middle East worries

"The oil market will remain fixated with the deteriorating demand outlook and if any of the latest developments with the Israel-Hamas war will lead to any supply disruptions," Moya at OANDA said.

In Gaza, a first group of injured people were evacuated to Egypt, a source and Egyptian media said, as Israeli forces pressed their battle against Hamas militants.

Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported.

Iran, a member of the Organization of the Petroleum Exporting Countries (Opec), produced around 2.5 million barrels per day of crude in 2022, according to US energy data.

Callum Macpherson, head of commodities at Investec, said that if there is no threat to output from the war, "oil may struggle to sustain prices around recent highs without support from Opec+ into 2024, making their meeting later this month crucial." — Reuters
Whatever fundamental all can bark until the cows come home ...it's not gonna...work... it's irrelevant anyway ...as long no hike in interest rates ... liquidity expansion...more Willing Buyers n Sellers...uptrend is imminent...🤔🙏🚀

TOPICS
Capital A subsidiary gains EASA Part 145 maintenance organisation approval
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AVIATION
Wednesday, 01 Nov 202310:59 AM MYT

Asia Digital Engineering CEO Mahesh Kumar

KUALA LUMPUR: Asia Digital Engineering (ADE), the maintenance, repair and overhaul (MRO) arm of Capital A, has obtained the European Union Aviation Safety Agency (EASA) Part 145 maintenance organisation approval.

The EASA Part 145 maintenance organisation approval stands as a gold standard in aviation maintenance for upholding the highest levels of safety and quality in the company’s operations, Capital A said in a statement.

"ADE’s dedication to high quality of service and safety serves as an inspiration to other homegrown MRO players, and we look forward to the positive impact this milestone will have on our country’s aviation and aerospace landscape,” Transport Minister Anthony Loke Siew Fook was quoted as saying in the statement.

Capital A said ADE’s new state-of-the-art hangar that is currently under construction in KLIA Aeropolis is scheduled for completion by the first half of 2024.

Meanwhile, ADE chief executive officer Mahesh Kumar said the MRO service provider is now able to provide industry leading aircraft maintenance support in Asia-Pacific and beyond.

"ADE will continue to bring the highest work ethics and business standards to Asia-Pacific’s aviation market and become a significant force in MRO services in the region,” he added.

The statement said that in a bid to accommodate its growth, ADE has set an ambitious hiring target for 2024, with plans to recruit 500 to 600 aviation professionals ranging from aircraft technicians to engineers.

This is expected to pave the way for further growth and innovation in Malaysia’s aviation and aerospace sector, it said. - Bernama

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TAGS / KEYWORDS:
Asia Digital Engineering , ADE , MRO, Capital A , EASA
🙏🚀

Capital A chief executive officer Tan Sri Tony Fernandes

KUALA LUMPUR: Capital A Bhd has entered into a letter of intent (LOI) with Aetherium Acquisition Corp (GMFI), a special purpose acquisition corporation (SPAC) listed on the Nasdaq in the United States.

In a statement, Capital A said under the deal, Aetherium Acquisition will acquire all the issued and outstanding share capital of Capital A International, resulting in the formation of a new listed entity.

Capital A said the proposed business combination will be at an indicative equity value of US$1bil based on an independent valuation of the AirAsia Brand.

“This is a coming-of-age moment for Capital A, which has morphed from AirAsia into a low-cost, value driven aviation and travel services group in five entities, the first of which that’s coming to the public market would be Capital A International. We are taking the first step to venture out of our home ground, which is Asean, and exploring listing on the pinnacle of markets in terms of capital raising.

“We are confident that the exposure of the U.S. financial markets and Nasdaq listing would help us accelerate the delivery of our strategy as we improve access to capital, broaden our shareholder base and meaningfully raise our profile globally,” Capital A CEO Tan Sri Tony Fernandes said.

"Our proposed business combination with Aetherium serves as a testament to the growth opportunity ahead. The Asean region in recent years has emerged as one of the world’s most dynamic and fastest-growing economic hubs. Yet, there are limited vehicles for which global investors can participate in the vibrancy of this pivotal market. Leveraging the strength and reach of the AirAsia brand, Capital A International will offer an exceptional opportunity to harness the investment potential of the region."

Under the terms of the LOI, Capital A plans to divest all issued and outstanding share capital of Capital A International.

The LOI with Aetherium Acquisition Corp reflects a mutual interest in the potential collaboration, subject to necessary regulatory approvals and conditions from Bursa Securities, Bank Negara and other relevant authorities.

Capital A remains committed to complying with all regulatory requirements and is optimistic about the potential benefits of the proposed business combination, it said.
🙏🚀

Asia Business Outlook
HOME NEWS.

AirAsia To Raise $1 Billion In Debt Via Parent Company
By: Asia Business Outlook Team | Wednesday, 25 October 2023

Asia Business Outlook Team
Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity and will list some of its businesses through a blank-cheque company, the Financial Times reported on Oct 25. CEO Tony Fernandes has agreed to a deal with Aetherium Acquisition, a special purpose acquisition company, and plans to list several businesses through it next year, the FT reported, citing two people familiar with the deal.

This includes a new business extending the AirAsia brand to companies hoping to start airline franchises in developing countries, the report said. The group has been evaluating fundraising options for a planned U.S. listing after pandemic travel restrictions hit it in Asia, leading Bursa Malaysia Securities to classify it as a PN17 company, or financially distressed, last year.

The potential fundraising also includes a $150 million loan from Bangkok Bank this month, FT said.

Capital A Berhad, doing business as AirAsia, is a Malaysian multinational low-cost airline based near Kuala Lumpur. It is Malaysia's largest airline in terms of fleet size and destinations. AirAsia has scheduled domestic and international flights to over 165 destinations in 25 countries.

Malaysia's national football team, Singapore's national football team, Jamshedpur FC, and Queens Park Rangers are all sponsored by AirAsia. AirAsia has previously sponsored Manchester United as well as the Asia leg of Taylor Swift's Red Tour.
Asia Business Outlook.

CapitalA Bhd Newsroom.
1. Aviation:
Passengers carried outpace capacity growth driven by surge in international demand.

2. MOVE Digital: Record high 15.4M Monthly Active Users for airasia MOVE and 1.5M carded users for BigPay drive up transaction volumes and values.

3. Teleport: Over 100% increase in Cargo tonnage handled and 2x parcel deliveries from FY22, on the return of international flights and healthy growth of eCommerce industry.

4. Aviation Services: Strong growth in ADE, Santan and GTR, boosted by increased flight activities.

KUALA LUMPUR, 25 October 2023 - Capital A Berhad (“Capital A” or the “Group”) has announced operating statistics for its aviation, digital, logistics and aviation services segments for the Third Quarter of the Financial Year 2023 ("3Q2023"End November)
Bullish...🐂...🚀

SKPRES: Oversold...!?
Bought @0.82...🤔

https://newsroom.airasia.com/news/2023/10/26/nadia-omer-takes-the-helm-at-airasia-move-as-chief-executive-officer#gsc.tab=0

WORLD OF BUZZ
SOCIAL STORIES“Next in-flight meal is on me once we recover” –Sir Tony Fernandes Promises to Maintain Low Fares Despite Weak CurrencyPublished 1 day ago October 25, 2023By Azri Azizan
Collage 44Source: TikTok | tonyfernandesairasia

Blessings come in many forms. You’re blessed if you have a shelter with a loving family in it and at work, consider yourself lucky if you have a superior who publicly recognises your hard work.

The CEO of AirAsia, Tony Fernandes recently surprised a flight of passengers soon after they landed with a special in-flight announcement – a gratitude message for all the passengers who have continuously supported the flight company throughout the years. He then expressed what he truly felt about the past 3 years when the pandemic struck, and after the world returned to its norm before Covid-19.

“It has been a hard 3 years, and providing many people with a chance to fly makes me really happy. It makes it all worthwhile.”

The passengers were not the only lucky ones who got to receive the words of gratitude from Tony. The cabin crew, who have been doing their best to serve the people after 3 years of hell and back were also recognised and praised in front of passengers by their CEO.

“It was tough for them. Their pay was cut. They didn’t have the chance to fly for 2 or 3 years. So please give them a round of applause.”

The passengers did not hesitate and they clapped as a token of appreciation for the cabin crew.

Tony admitted that 1 of the best parts about travelling on AirAsia is that he gets to meet guests and personally thank them. And here’s the best part. Tony had another surprise in store for the passengers.

“When we are fully recovered, the next in-flight meal is on me.”

Despite high oil prices and the weak currency, Tony promised passengers that AirAsia will do its very best to maintain low-fares.

You can watch and listen to his words in the clip below.

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Such a cool boss like Tony Fernandes is truly an inspiration (and a huge motivation) to others.

Also read: Tony Fernandes Performs TikTok Dance With Cabin Crew at Their Grad Ceremony to Make Them Happy!

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