Posted by Stocks888 > 2023-08-30 10:13 | Report Abuse

Many people selling see afternoon

Posted by Sslee > 2023-08-30 10:16 | Report Abuse

Will be very interesting to see what IBs analyst going to write about capitalA Q2 result.

Posted by Sslee > 2023-08-30 10:20 | Report Abuse

At least the Maybank IB tell the true AAX core net profit.

Maybank IB said AAX swung from 1QCY2023 core net profit of RM42.5 million to 2QCY2023 core net loss of RM33.8 million as it had to lower fares by 32% quarter-on-quarter (q-o-q) to attract passengers during the seasonally slower 2QCY2023, and maintenance and overhaul (M&O) expenses surged 82% q-o-q to RM115.8 million as more aircraft returned to service

Posted by Eagle77 > 2023-08-30 10:24 | Report Abuse

God blessed TS Tony, AAX and CAPA to serve people throughout the world 🙏😇 Keep believing the best of everything

Posted by paulthesotong > 2023-08-30 10:30 | Report Abuse

Revenue opportunities..flying higher 3Q n highest at 4Q
airfares to be higher at 3Q n 4Q to peak!

Posted by Vin_Fx > 2023-08-30 10:33 | Report Abuse

God bless i3lurker

P.s - now I have a great sin, forgive me

Posted by ComponentX > 2023-08-30 10:34 | Report Abuse

@SSLee, they will most probably write fake good news about them as most are paid actors

Posted by Income > 2023-08-30 10:35 | Report Abuse

Ehhh! Why dropping?
Mana sifu sifu limit up?

Posted by Income > 2023-08-30 10:41 | Report Abuse

No more Tan Sri title. It’s Stony all these while.

Posted by johnlim1001 > 2023-08-30 10:42 | Report Abuse

@SSLee, you might have already spelt out what Stony gonna do next.
1. Capital A sell Air Asia to Stony at RM1
2. Stony squeeze the ball of creditors, RM0.01 for RM10 owed.
3. Stony sell back to Capital A after a year for RM1 billion.
4. Publish a book on how to squeeze the ball of creditors.

Posted by Income > 2023-08-30 10:44 | Report Abuse

I don’t believe in Stony. Stony better open new business.
Anyone knows how is Stony Nasi Lemak restaurant biz? Making Rm or not?

Posted by Income > 2023-08-30 10:45 | Report Abuse

I believe in only 2 Sifu= Sifu Sslee and Sifu i3 lurker.

Posted by Income > 2023-08-30 10:48 | Report Abuse

I = B40 can’t donate my hard earned money to AA.
Whoever want to donate money to AA Stony, I welcome you all to support Stony.

Posted by paulthesotong > 2023-08-30 11:05 | Report Abuse

https://theedgemalaysia.com/node/680723

Posted by DickyMe > 2023-08-30 11:19 | Report Abuse

Is it 75 sen, yet?
Wake me up!

Posted by Eagle77 > 2023-08-30 11:19 | Report Abuse

I believe in God that AAX & CAPA will up and up again and a ⬆️⬆️⬆️ be patient guys 🤝

Posted by Mabel > 2023-08-30 11:20 | Report Abuse

Core losses narrowing but so is upside potential

Ex-exceptional items, CAPITALAs core net loss came in narrower than expected. Unit passenger revenue eased only marginally in what is historically a weak 2Q. Going forward, we expect demand and fares to trend higher on seasonally higher demand. We narrow FY23E core net loss by 35%, raise FY24E/FY25E core net profit by 38%/28% and raise our SOP-TP to MYR1.01 from MYR0.90. Yet, CAPITALA offers <10% upside potential currently. Thus, we performance downgrade CAPITALA to HOLD from BUY.

Source: Mabel's Tiger Bank

Posted by Eagle77 > 2023-08-30 11:23 | Report Abuse

Limit up⬆️⬆️⬆️ come on 👍👍👍

Posted by EatCoconutCanWin > 2023-08-30 11:24 | Report Abuse

Fxxk... What happened

Posted by qwerty12 > 2023-08-30 11:29 | Report Abuse

hello everyone, can any pro accountant please help explain in dumb down format wtf did capitala do with the qr report?

I saw it ++1bil, then today preopen up 6sen. i was like wtf , almost buy in but dint cuz it really feels like some kinda scam especially when aax shit qr. feels like the enron case they teach in uni last time.

Posted by StartOfTheBull > 2023-08-30 11:31 | Report Abuse

The key is "remeasurement" in the accounts. That's all I know.😁

Posted by nickick > 2023-08-30 11:32 | Report Abuse

finally going up slowly... they just wanna give us heart attack first before can celebrate.. back to rm1.02 before 1pm

Posted by Eagle77 > 2023-08-30 11:36 | Report Abuse

Afternoon limit up coming!!! Don’t miss out the flight ✈️✈️✈️⬆️⬆️⬆️

Posted by Mabel > 2023-08-30 11:36 | Report Abuse

*Capital A Value Proposition*

1. Asia’s leading low cost carrier with highest market share, largest fleet size and most extensive route network.
2. Operates in 4 countries after exiting Japan and India, which provides unrivalled route network reach.
3. Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.
4. Growing middle class in Asia fuelling growth in demand for air travel.
5. Won the coveted ‘World’s Best LCC’ award for a record 14 times in a row by Skytrax.

Posted by Income > 2023-08-30 11:40 | Report Abuse

Eternal Hope?

Posted by Mabel > 2023-08-30 11:42 | Report Abuse

Results analysis

• 2Q23 core net loss was 78% narrower YoY largely due to:- (i) passengers carried recovering 100% YoY; and (ii) average fuel price falling 31% YoY; but moderated by (i) fuel consumption recovering 128% YoY.

• 2Q23 core net loss was 36% narrower QoQ largely due to:- (i) passengers carried recovering 29% QoQ; and (ii) average fuel price falling 14% QoQ; but moderated by (i) fuel consumption recovering 34% QoQ. August 30, 2023 4 Capital A

• 6M23 core net loss was 73% narrower YoY largely due to:- (i) passengers carried recovering 111% YoY; (ii) unit passenger revenue recovering 19% YoY; and (iii) average fuel price falling 17% YoY; but moderated by (iv) fuel consumption recovering 137% YoY. Other updates

• CAPITALA now plans to submit its PN17 regularisation plan to Bursa Malaysia Exchange in 4Q23.

• We gather that it will be in early Oct 2023 as its deadline to submit its regularisation plan is 7 Oct 2023.

• CAPITALA may sell a stake in its aviation business for USD300m before year end.

• Cambodia AirAsia (Not Listed) will commence operations in Nov 2023 with 2 aircraft initially.

Posted by Felix888 > 2023-08-30 11:44 | Report Abuse

Hello JohnLim nice story you wrote.

Posted by qwerty12 > 2023-08-30 11:50 | Report Abuse

ask you guys that are just buying in now, whats your tp for capa or aax? just wondering cuz it feels like a lot of risk for very little upside - precovid of 1.8-1.9

Posted by EngineeringProfit > 2023-08-30 11:51 | Report Abuse

Yes, Stony is planing to start a new venture, called Airasia2.0 next year

Posted by ComponentX > 2023-08-30 11:51 | Report Abuse

Feel this is an indication to further plunge, we know if things were right they wont hesitate to spike.

Posted by mf > 2023-08-30 12:06 | Report Abuse

Price Target

Capital A - Buoyed by Robust Air Travel
Source : KENANGA, Price Call : SELL, Price Target : 0.84
Last Price : 0.98, Upside/Downside : -0.14(14.29%)

Posted by SensibleInvesting > 2023-08-30 12:14 | Report Abuse

It's important to highlight that my interpretation relies on publicly available data and may potentially contain inaccuracies

Reassessing the fundamental triggers that have led AirAsia into the PN17 situation. The challenges arising from the COVID-19 pandemic resulted in a complete halt of income alongside ongoing operational expenses. Consequently, the company incurred net losses that eroded its retained earnings

As retained earnings diminished and under the assumption that all other variables remained unchanged, AirAsia's shareholders' equity slipped below the critical 50% threshold. Thereby triggering the PN17 criteria. While this explanation does not delve into exhaustive details, it does recognise the integral role of total assets and liabilities in shareholders' equity

It is advisable for CapitalA's management to formulate a comprehensive debt management plan as an integral part of their overall strategy. This approach not only fosters confidence within Bursa but also aligns seamlessly with CapitalA's broader objectives

Regarding the remeasurement gains observed in CapitalA's quarterly results, it's worth noting that this scenario falls within the context of lease accounting, directly tied to the company's business model. The treatment and recognition of rights and obligations stemming from lease contracts are consistent with the provisions outlined in MFRS16, allowing lessees to adopt the fair value model

In summary, for CapitalA to present a robust regularisation plan to Bursa:

1. Provide a clear overview of CapitalA's organisational structure and business model, elaborating on the value proposition of each business segment, drawing insights from input shared by Mabel

2. Offer a thoroughly researched industry outlook for each business segment over the upcoming 12 months, citing information from reliable third-party sources

3. Present all financial statements in adherence to standard accounting reporting practices

4. Outline a range of scenarios that address the challenge of shareholders' equity along with the methodologies employed to navigate these scenarios

5. Develop a comprehensive debt management plan that seamlessly aligns with the overarching strategy, thereby fostering confidence among stakeholders and Bursa alike

It is plausible to assume that CapitalA possesses the necessary information for crafting a regularisation plan and may proceed to articulate it in writing following consultations with their appointed Adviser

Once again, I would like to clarify that I am a representative of general public and do not maintain any affiliations with the parties involved. Therefore, there is a possibility that I might misinterpret the situation and offer an imprecise evaluation of the CapitalA case

Posted by SensibleInvesting > 2023-08-30 12:19 | Report Abuse

Super simple English
There is no possible trigger as per current case

Tiada kemungkinan trigger lain untuk case ini

Chinese. Someone please translate

Thanks

Posted by EngineeringProfit > 2023-08-30 12:22 | Report Abuse

Not sure, just get out first lah. If any bull run after proper audit, then only sapu oso not too late

Posted by nickick > 2023-08-30 12:44 | Report Abuse

HLIB Research raised its target price (TP) for Capital A to RM1.45 from RM1.15 earlier, based on a price-earnings ratio of 10 times FY2024 forecast earnings per share (EPS) of 18.4 sen, as the group continued to show improving results and took advantage of the improving air travel outlook in the region.

Posted by Sslee > 2023-08-30 12:47 | Report Abuse

In fact, the company has submitted the draft document for consultation to Bursa Malaysia and is confident to complete the regularisation plan by 4Q23 or 1Q24

Should I write to Bursa to confirm is the above is true or another lie?

So can or not CapitalA submit PN17 regularisation plan on or before Bursa second extension deadline of 7 Oct 2023?

Posted by paulthesotong > 2023-08-30 12:52 | Report Abuse

Starting June23,consolidated TAA.
Increase to 100% in Phillppine AirAsia.

Posted by paulthesotong > 2023-08-30 12:59 | Report Abuse

'Revised official submission deadline to OCT23.Aim to excute the plan in 4Q/1Q24.'

Posted by RobinHootnShoot > 2023-08-30 13:02 | Report Abuse

Told thusly, its Q2 will be better than Q1. Still holding tight and wait for it to hit RM1.20 1st

Posted by Sslee > 2023-08-30 13:08 | Report Abuse

Super simple English:

The PN17 regularisation plan must be in complying with the requirements under paragraph 5.4 above, the PN17 Issuer and its Principal Adviser must demonstrate to the satisfaction of the Exchange, the following:
​ ​ ​
​ ​(a) ​the regularisation plan is able to strengthen the financial position of the PN17 Issuer including its securities holders’ equity, gearing, net asset position, cash flow position, and address its accumulated losses position;
​ ​ ​
​ (b)​ ​the steps taken or proposed to be taken are comprehensive and capable of addressing the issues that had caused the PN17 Issuer to trigger the Prescribed Criteria, such that the PN17 Issuer will –
​ ​ ​
​ ​ ​(i) ​no longer trigger ANY of the Prescribed Criteria upon implementation of the regularisation plan; and
​ ​ ​ ​
​ ​ ​(ii) ​not trigger ANY of the Prescribed Criteria in the near future;

Posted by The_JQuestion > 2023-08-30 13:10 | Report Abuse

still close green :) rm 1 possibly !

Posted by johnlim1001 > 2023-08-30 13:13 | Report Abuse

https://newsroom.airasia.com/news/2018/3/1/airasia-sells-aircraft-leasing-operations-for-us118-billion
https://theedgemalaysia.com/article/big-chunk-airasia-x-debt-owed-airbus

Capital A lease liabilities is at RM19,600,000,000, mainly to BBAM and Airbus.
If Stony can somehow squeeze the ball of both to half the lease liabilities, then Capital A will be NTA positive, and get lifted the PN17 status.

Posted by The_JQuestion > 2023-08-30 13:16 | Report Abuse

john looks like u are the smart one here.... others act dumb. later he wan question u , act like they know everything or fake dont know. hmmm someone at my level of thinking .

Posted by EngineeringProfit > 2023-08-30 13:27 | Report Abuse

If not sure how the candle will end today, just get out first lah

Posted by gemtech8888 > 2023-08-30 14:48 | Report Abuse

Run while still got chance..can always buy back later..

Posted by Income > 2023-08-30 15:00 | Report Abuse

It’s a slow fire to cook all the frogs???

Posted by Income > 2023-08-30 15:04 | Report Abuse

i3 lurker,
Do sharks want to devour all the frogs or not?

Posted by Income > 2023-08-30 15:06 | Report Abuse

I am waiting for the beautiful ROCKET UP ROCKET 🚀. Why still no rocket show? Elon Musk is sleeping at work, is it true?

Posted by Stocks888 > 2023-08-30 15:09 | Report Abuse

Today not a day

Posted by EngineeringProfit > 2023-08-30 15:11 | Report Abuse

If U want rocket , u must help king cobra Stony to push. Cannot just shouting at the side