Posted by Sslee > 3 days ago | Report Abuse

With EBITDA of RM 639,817,000 can't even cover the lease payment and finance cost.

Foreign exchange gain/(loss)
Realized RM 74.8 million
Unrealized : RM 2,195 million

So if you have USD (debts + lease liabilities+Aircraft maintenance) of RM equilvalent 22 billion, a 10% appreciation of RM against USD will result in RM 2 billion unrealized Foreign exchange gain.

Cash flow from financing activities
RM '000
Proceed from borrowings 1,551,768
Repayment of borrowings (524,519)
Repayment of lease liabilities (2,621,956)

So still borrowing addition RM 1billion+ to stay afloat.

The net current liabilities RM (11,237,082,000) can Stony magic create money from thin air to settle the net current liabilities in 12 months time?

Posted by investor77 > 3 days ago | Report Abuse

SsLee, have you received reply from JTiasa.? Thanks.

Posted by Sslee > 3 days ago | Report Abuse

From capA AGM minutes:
The majority of the liabilities of Aviation/AAX are lease liabilities of RM20 billion that will be repaid over the tenure of lease ranging from 12 to 18 years.
Current lease liabilities of RM5 billion represent lease payment due within 12 months and will be serviced by operating cash flow for the next 12 months.
Aviation is expected to generate positive cash flow to service its liabilities going forward, that is supported by valuation of both AAB and AAAGL under the DCF method.

Question: Can aviation generate enough operating cashflow for the next 12 months to services lease payment due within 12 months of RM 5 billion?

Posted by Sslee > 3 days ago | Report Abuse

@investor77 send out below email this afternoon.
So far not yet received any reply.

Dear IR,

I’m glad to read from Bursa announcement Jaya Tiasa AGM was successfully concluded with all the resolution accepted.

May I know had The BOD make any decision on my appeal to bring forward the March 2025 interim dividend to this year in order to avoid paying dividend tax of 2% next year?

Will I be receiving a copy of answers to my AGM questions sent in advance?

Or the answers will be published at Jaya Tiasa website as AGM minutes?

Thank you

Have a good day

Best Regards,
Lee Soon Sheng

Posted by The_JQuestion > 3 days ago | Report Abuse

SSlee before Forex loss , wow cap A sure go down make so MUCH lose ...
Forex gain wow Cap A just accounting
What a strange person .. together with his pet snakes
HAHHAA red EYE ,, forever just watch the TOny show , envious ,,, winners FLY together , Loser continue seeing us in the HIGH SKIES :))) congrats all and GOOD NIGHT sleep with a golden smile as they say

Posted by Sslee > 3 days ago | Report Abuse

Unrealised FX gain - every listed company with USD borrowings/debts/liabilities will have FX gain due to strong RM as at 30/9/24.

However 50% of the unrealised gain is given back by 27/11/24 due to weakening RM

Posted by Sslee > 3 days ago | Report Abuse

By the way as at 30/9/2024
RM'000
Current trade and other payables 4,635,016
Current borrowing 1,095,947
Current portion of long term debentures 290,261
Current lease liabilities 3,467,211
And etc

Posted by Sslee > 3 days ago | Report Abuse

When you earned in RM but borrowings/debts/payment in USD.
Then USD strengthen you need more RM to pay borrowings/interest/debts/payment and your borrowings/debts become more in RM term.

But when RM strengthen then you need less RM to pay borrowings/interest/debts/payment and unrealized FX gain as your borrowing/debts become less in RM.
You only realized the gain if you settle all you borrowings/debts

Posted by TradingFUN > 3 days ago | Report Abuse

No need to waste your time on SSLee. He just biasly interprete the information base on his own motive.
Until today still raising dump questions which he still couldn't find an answer from the business model of aviation business.
Stock price already reflected the truth. Only he still bury his head under the sands.
Just ignore this useless guy.

Posted by Mabel > 3 days ago | Report Abuse

https://www.thestar.com.my/business/business-news/2024/11/28/capital-a-delivers-net-profit-of-rm201bil-in-3q-on-forex-gains-demand-recovery

PETALING JAYA: Capital A Bhd posted a net profit of RM1.64bil for the third quarter ended Sept 30, 2024 (3Q24), swinging into the black from a net loss of RM102.75mil in 3Q23...

Well done Tony!!!

Meow Meow Meow

Posted by TradingFUN > 3 days ago | Report Abuse

I read his comment about his average holding price of JTiasa accumulated since 2 years ago. Slightly above RM1. At today closing price of 1.29 , 20% gain in 2 years ?
2 years ago , I invested in palm oil counter. Sold at 300% gain. I invested the proceed in an unfavorite stock just before capital repayment followed by privatization , another 120% return. Now in AAX and Capital A with 50% return in less than 6 months.

AAX and Cap A rank 6 and 7 in my 10 stocks Bursa portfolio.

Posted by TradingFUN > 3 days ago | Report Abuse

If I misled by SSLee 6 months ago invested in JTiasa instead of Cap A , I will suffer 15% of losses instead of 50% gain now.

Posted by TradingFUN > 3 days ago | Report Abuse

Please stop act like an expert. You not even a rookie standard to me.

Posted by Junx Leow > 3 days ago | Report Abuse

https://newsroom.airasia.com/news/capital-a-3q2024-financial-results

Posted by TradingFUN > 3 days ago | Report Abuse

In JTiasa , SSLee challenged others with non cash items of depreciation , armotization. Act like at expert.
Overhere , he questioning how EBITDA able to repay operating lease.
Read the cash flow statement in CAP A. How much cash generated from operating activity

Posted by TradingFUN > 3 days ago | Report Abuse

Translation gain / losses is common for every company. Gain or losses fluctuate according to the depreciation or appreciation of the domestic currency against foreign currencies.
Focus on the core business and indicators related to the core business in income statement and cash flow statement

Posted by Income > 3 days ago | Report Abuse

Omg，Kim Chee is happy that finally she found out the source of her unhappiness。。。Which is a sneaky cat inner bedtimes。

Posted by Income > 3 days ago | Report Abuse

https://youtu.be/5EdmHSTwmWY?si=Gm9pIMH3IEl8m2C3
For all AA supporters

Posted by Sslee > 2 days ago | Report Abuse

9 months ended 30/9/2024
RM '000
Cash generated ftom operation 2,365,608
Net cash generated from operating activities 2,162,677

So is cash flow enough to pay what Stony reply in AGM minutes?
The majority of the liabilities of Aviation/AAX are lease liabilities of RM20 billion that will be repaid over the tenure of lease ranging from 12 to 18 years.
Current lease liabilities of RM5 billion represent lease payment due within 12 months and will be serviced by operating cash flow for the next 12 months.
Aviation is expected to generate positive cash flow to service its liabilities going forward, that is supported by valuation of both AAB and AAAGL under the DCF method

Or
Cash flow from financing activities
RM '000
Proceed from borrowings 1,551,768
Repayment of borrowings (524,519)
Repayment of lease liabilities (2,621,956)

Posted by Mabel > 2 days ago | Report Abuse

As for CapitalA, we all knew Airasia is the best in every department. It's time for Tony to deliver big fat profit for Q3. High time to get out of PN 17. Finally the good news that Mabel has been waiting for was delivered by our Magician late last night.

https://www.thestar.com.my/business/business-news/2024/11/28/capital-a-delivers-net-profit-of-rm201bil-in-3q-on-forex-gains-demand-recovery

Capital A Bhd reported a *net profit of RM1.64 billion for the third quarter of 2024*, a significant turnaround from a net loss of RM102.75 million in the same period last year. The profit was mainly driven by a foreign exchange gain of RM2.3 billion due to the appreciation of local currencies against the US dollar.

The company's revenue increased by 17% year-on-year to RM4.9 billion, thanks to the recovery in demand for both domestic and international travel. Despite having 23% of its fleet non-operational, Capital A managed to deliver strong results, with plans to expand its fleet and launch new routes in the coming months. The non-aviation segments also performed well, contributing significantly to the overall revenue.

Soon PN17 will be history. Fernandes said the company is on track to complete this transaction by January 2025, having secured the shareholder approval for the disposal of its aviation business.

Well done Tony, All Stars and Capital Supporters!!!

Meow Meow Meow

Posted by Sslee > 2 days ago | Report Abuse

Know what the diffrent between jayatiasa and CapA depreciation , armotization?

Jaya Tiasa used the depreciation , armotization of assets for repayment of borrowing

Whereas capA depreciation , armotization of ROU assets and lease liabilities financial cost is used to pay lease payment due to lessors.

Posted by Sslee > 2 days ago | Report Abuse

Jayatiasa is now in net cash position whereas capA is sinkimg into more debts.

Cash flow from financing activities
RM '000
Proceed from borrowings 1,551,768
Repayment of borrowings (524,519)
Repayment of lease liabilities (2,621,956)

Posted by abidinaa > 2 days ago | Report Abuse

Come on Sslee. It's time for you to repent. Search your heart and repent. You're now in the wrong path. Go back to the right path. May the force be with you young Jedi.

Posted by Sslee > 2 days ago | Report Abuse

I am telling the truth and if the truth hurt so be it.

Anyhow to those traders good luck.

Posted by Mabel > 2 days ago | Report Abuse

Income https://youtu.be/5EdmHSTwmWY?si=Gm9pIMH3IEl8m2C3
For all AA supporters
29/11/2024 6:19 AM

Haha Income Dear,

Mabel is saving this song for Mabel's Lady Sapura...so nice..

https://www.youtube.com/watch?v=5EdmHSTwmWY

With Great Progress from Capital A, next one to get out of PN 17, will be Lady Sapura. Yesterday our Lady was the Top Gainer in Mabel Energy and Prince of Malaya with 2nd Top Volume in KLSE while KLSE is still having period. The disposal of OMV which Mabel approved during our recent EGM is on track to be completed in December.

We’ve moved from RM 400 mil to RM 500 mil net cash to about RM 1.7 bil, primarily through self-generation. Anuar also points out that our operations were profitable, despite the limited working capital that was hindering growth. Evidently, its free cash flow in the first half ended July 31, 2024 (1H25) stood at RM 275 mil, while for FY24 the group reported a free cash flow of close to RM 700 mil. Looking ahead, the company is aligning its expertise with energy transition opportunities, focusing on two areas – decommissioning and carbon capture and under-ground storage (CCUS).

Sarawak Oil Asset is value at RM30 Billion. Our Lady just got a 5year Contract from Petronas despite knowing well its financial constraints or perhaps Petronas knows that our Lady will be out of will be out of PN17 sooner than we think…

Our company’s debt restructuring is another two quarters away from completion. The true test of a business’ resilience lies in how it deals with its lows. Sapura Energy Bhd, once a prominent player in the oil and gas (O&G) sector, is no exception. Hence, we are saving The Best For Last….

Meow

Posted by paulthesotong > 2 days ago | Report Abuse

Fly with Fun: Cant believe some haters still around.

Eggs for those "experts"

Posted by paulthesotong > 2 days ago | Report Abuse

watch this video"

https://metro.co.uk/video/japanese-prime-minister-appears-fall-asleep-reelection-3311451/

Posted by Sweetchocalates > 2 days ago | Report Abuse

Natgat’ed

Posted by Flyinghorse > 2 days ago | Report Abuse

Guess no LU. Maybe LD ?

Posted by BlackQ > 2 days ago | Report Abuse

Too good to believe…..

Posted by Helena > 2 days ago | Report Abuse

how to LU when the company has such a massive debt.

Posted by abidinaa > 2 days ago | Report Abuse

Don't be fooled by the shorties. Debt is just left pocket right pocket only.

Posted by rhtc88 > 2 days ago | Report Abuse

SSLee confirm will appear when this stock down.....But if will up, hardly to see him here

Posted by Flyinghorse > 2 days ago | Report Abuse

Will drop below 1.00 on closing ?

Posted by human > 2 days ago | Report Abuse

sslee for your own good do read more and understand how difference business work with their own business model. reading account number without understanding business model is unwise.

Posted by human > 2 days ago | Report Abuse

Capital A is a travel ecosystem company that survive and profit depend on market share, which similar to Amazon depend on market share. During growth phase this type of company require cash to sustain expansion until critical mass reach will then profit follow.
While aviation business is an assets heavy business, which no good management use cash to growth company. If there are no assets, then no lease or borrowing , no business to be run.
Use various financial option to lease these assets, while profit is made through good management of operating cash flow.

Posted by paulthesotong > 2 days ago | Report Abuse

Still Ok...
https://theedgemalaysia.com/node/735937

Posted by bumipearl > 2 days ago | Report Abuse

Showtime after the break

Posted by geary > 2 days ago | Report Abuse

CapitalA Monthly Pivot Point Momentum!
S1: 0.95.
PIVOT: 1.02.(Added Average: @0.51.)
R1: 1.17.
R2: 1.26.
Dis: Trade/Hold at your own Risk!

Posted by geary > 2 days ago | Report Abuse

human
sslee for your own good do read more and understand how difference business work with their own business model. reading account number without understanding business model is unwise.
1 hour ago.
Yaloh... Buffett/Drucks also don't understand all businesses.
With some numbers some people think they know everything about how to run a diversified business!?
The economic Subject about businesss need lots of analytical skills n debates.
It's not a stagnant or fixed subject.
Business Strategy, economic n environment keep on changing.
It's really challenging to be an Entrepreneur...🤞🤓

Posted by Noni > 2 days ago | Report Abuse

Why down today?

Posted by Income > 2 days ago | Report Abuse

Posted by Noni > Nov 29, 2024 2:49 PM | Report Abuse

Why down today?


？


You don't understand why AA is down today. Go2 that YouTube link and see the real reason for this down south.
https://youtu.be/5EdmHSTwmWY?si=hJSlYeV8bqGhIMfW

Posted by mf > 2 days ago | Report Abuse

sell

Posted by Income > 2 days ago | Report Abuse

Mf= Madoff Fund

Posted by Income > 2 days ago | Report Abuse

Sihat Cap A..。

Posted by Mabel > 1 day ago | Report Abuse

Noni Why down today?
29/11/2024 2:49 PM

Here part of the reason...

Banking counters drag KLCI below key level. The FKLI's inability to reclaim the 50-day EMA, coupled with the formation of a big red candle, indicates that bears have regained momentum. This development suggests the potential formation of a new lower high within the prevailing downtrend. A decisive break below the approaching 200-day EMA could signal a bearish continuation..

Here's another part...

https://theedgemalaysia.com/node/735937

HLIB maintained its "buy" call on Capital A with an unchanged target price of RM1.68, based on an implied valuation of RM6.8 billion for the aviation business and assuming RM2.15 billion for non-aviation segment.

Meow

Posted by Sslee > 1 day ago | Report Abuse

Why down? Can it be:

Source : MIDF
Stock : CAPITALA Price Target : 0.99 | Price Call : HOLD
Last Price : 1.00 | Upside/Downside : -0.01 (1.00%)

KEY INVESTMENT HIGHLIGHTS
3QFY24 posted an unexpected loss
77% fleet utilisation drove 81% seat capacity recovery
ADE's profitability hit by startup costs
Downward earnings revision between -39% to -214%
Downgrade to NEUTRAL with a revised TP of RM0.99

Below expectations. Capital A Berhad (Capital A) reported a 3QFY24 core LATAMI of -RM545.7m, bringing cumulative 9MFY24 core losses to -RM324.7m after excluding forex gains and one-off items. This fell below our and consensus expectations, which had anticipated a full-year profit, primarily due to higher-than-expected operating expenses (opex) and weaker contributions from non-aviation entities.

Posted by geary > 1 day ago | Report Abuse

HLIB maintained its "buy" call on Capital A with an unchanged target price of RM1.68, based on an implied valuation of RM6.8 billion for the aviation business and assuming RM2.15 billion for non-aviation segment.
Meow
2 hours ago.
Ultimate catalyst is PN17 is lifted.
Patience...buy/hold on weakness...but analyze your own n understand its diversified aviation business.🤓

Posted by ken2004 > 1 day ago | Report Abuse

Thinking is the analysis after selling the aviation business which only the PN17 will be lifted?

Posted by Flyinghorse > 13 hours ago | Report Abuse

https://www.nst.com.my/business/corporate/2024/12/1142199/capital-gain-stronger-air-travel-recovery-lower-jet-fuel-prices