Posted by troy88 > 2023-09-08 11:16 | Report Abuse

Cunning operators have been toying with bilis on AAX and CapA. CapA likely to surge again after many bilis already cut loss and got eaten up by sharks..

Posted by EngineeringProfit > 2023-09-08 11:19 | Report Abuse

Sideways market, oh so sly,
Trading in the blink of an eye,
We ride the waves, we take the chance,
In this sideways market, we advance.

(Outro)
So, in the world of trading, where fortunes are made,
We'll navigate the sideways seas, unafraid,
With strategy and knowledge, we'll chart our way,
In this sideways market's dance, we'll always sway

Posted by StartOfTheBull > 2023-09-08 11:49 | Report Abuse

Up 1.5c, SSLee dropped down from the altar table.

Posted by Sarwajagat00 > 2023-09-08 12:35 | Report Abuse

Rebound sign for Capital A today

Posted by geary > 2023-09-08 12:39 | Report Abuse

CAPITALA Forward Growth Prospects!?
"Our vision with super app is to make travel more accessible, affordable and putting a world of experiences within reach with just a single travel super app."
Plus BigPay n Teleport.
STony Flynuendo, Capital A Bhd.

Posted by EngineeringProfit > 2023-09-08 13:03 | Report Abuse

In the world of stocks, where fortunes rise and fall,
We're playing the game, giving it our all.
Buy the dip, when the market's feeling low,
In the depths of red, we'll let our profits grow.

(Chorus)
Buy dip, then sell rip, that's the trader's creed,
In this risky game, we plant the trading seed.
Watch the charts, ride the waves, and take that trip,
Buy low, hold tight, then sell on the rip!

(Verse 2)
In the morning light, as the market opens wide,
We analyze the trends, on this thrilling ride.
Candlesticks and patterns, we study with precision,
Hoping for that breakout, making the right decision.

(Chorus)
Buy dip, then sell rip, that's the trader's creed,
In this risky game, we plant the trading seed.
Watch the charts, ride the waves, and take that trip,
Buy low, hold tight, then sell on the rip!

(Bridge)
Fear and greed, they dance upon the floor,
Emotions run high, as we search for more.
But discipline and patience, they are our guiding stars,
In this stock market journey, no matter who we are.

(Verse 3)
The market's a beast, with its twists and turns,
But we've learned to navigate, and our fire burns.
With each trade we make, with each candle's shift,
We're aiming for the heavens, with that perfect rip.

(Chorus)
Buy dip, then sell rip, that's the trader's creed,
In this risky game, we plant the trading seed.
Watch the charts, ride the waves, and take that trip,
Buy low, hold tight, then sell on the rip!

(Outro)
So, here's to the traders, bold and wise,
In this stock market game, we reach for the skies.
Buy dip, then sell rip, in the trading zone,
With courage and strategy, we'll find our way home.

Posted by punpipi > 2023-09-08 13:55 | Report Abuse

Believing Tony and his teams has better business strategies, can do it right.

Posted by nickick > 2023-09-08 15:19 | Report Abuse

I buckled my seat belt but still not yet take off? Airasia flight delayed as usual

Posted by StartOfTheBull > 2023-09-08 15:24 | Report Abuse

Useless Licker have your gay mate Sot2 Lee reported your COD case happened at the Penang bridge?

Posted by Sslee > 2023-09-08 16:10 | Report Abuse

Mabel,
Fortunately, AA after all the cash payments to repair cost, interest expenses, and overhead, the cash flow from business operation is sufficient for LEASE payment of 1b and not to forget RM 2 billion advance sales ticket (which will turn into revenue within 12 months).

Did Mabel understand that CapitalA already pocket in RM 2.024 billion advance sales and CapitalA Deposits, bank and cash balances only leave with : RM 735,003,000, so where did the RM 1.289 billion gone to?

These are questions I put forward to TA analyst.

Question 5: What do you mean/where do you get the information operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23?
As at 31/12/2022
Deposits, bank and cash balances: RM 469,985,000
Sales in advance: RM 1,428,011,000
As at 31/3/2023
Deposits, bank and cash balances: RM 589,594,000
Sales in advance: RM 1,546,450,000
As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000

Question 6: As at 30/6/2023: Deposits, bank and cash balances: RM 735,003,000. Sales in advance: RM 2,024,943,000. May I ask, using the advance sales/future revenue for current working capital how will that affect the future cash flow?

Posted by Sslee > 2023-09-08 16:43 | Report Abuse

Question 2: 2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000, net current liabilities RM (11,938,731,000), what is CapitalA plan funding in the next 12 months to meet the obligation of net current liabilities of RM (11,938,731,000)?

Posted by punpipi > 2023-09-08 17:00 | Report Abuse

Hong Kong flooding, today flight land back.

Posted by EatCoconutCanWin > 2023-09-08 17:06 | Report Abuse

Why up stable and down?

Posted by Income > 2023-09-08 17:43 | Report Abuse

Slowly cooking the chicken.
—> becoming Kfc

Posted by Mabel > 2023-09-08 19:01 | Report Abuse

Sslee Mabel,
Fortunately, AA after all the cash payments to repair cost, interest expenses, and overhead, the cash flow from business operation is sufficient for LEASE payment of 1b and not to forget RM 2 billion advance sales ticket (which will turn into revenue within 12 months).

Did Mabel understand that CapitalA already pocket in RM 2.024 billion advance sales and CapitalA Deposits, bank and cash balances only leave with : RM 735,003,000, so where did the RM 1.289 billion gone to?

These are questions I put forward to TA analyst.

Question 5: What do you mean/where do you get the information operating cash flow inflow was stable at RM484.9mn, boosting the group’s total cash to RM735mn as at June-23?
As at 31/12/2022
Deposits, bank and cash balances: RM 469,985,000
Sales in advance: RM 1,428,011,000
As at 31/3/2023
Deposits, bank and cash balances: RM 589,594,000
Sales in advance: RM 1,546,450,000
As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000

Question 6: As at 30/6/2023: Deposits, bank and cash balances: RM 735,003,000. Sales in advance: RM 2,024,943,000. May I ask, using the advance sales/future revenue for current working capital how will that affect the future cash flow?
08/09/2023 4:10 PM

Noted and thanks Handsome Sslee...

Mabel is also looking forward for TA reply too...

To Our Success !

Meow

Posted by Mabel > 2023-09-08 19:02 | Report Abuse

geary CAPITALA Daily Momentum!?
Hold: 50/200SMA!?
S1: 0.86.
Pivot: 0.90.
R1: 0.99
R2: 1.08.
R3: 1.28
R4: 1.48.
Disclaimer: Trade at your own Risk!?
08/09/2023 6:53 PM

Today, Mabel waiting at 88...no Uncles and Aunties want to sell their AA to Mabel...

Will wait patiently...

Meow

Posted by DickyMe > 2023-09-08 21:08 | Report Abuse

"..not to forget RM 2 billion advance sales ticket (which will turn into revenue within 12 months)."

RM166,666,666.66666666666666666666667 per month revenue

Posted by Mabel > 2023-09-08 23:03 | Report Abuse

In January 2022, AirAsia Group Berhad rebranded itself as Capital A Berhad to better represent its expanding portfolio of businesses, extending beyond its core budget airline. Besides the AirAsia airline, Capital A’s businesses include ventures in digital, logistics, and other aviation services. Its ‘airasia Superapp’ now acts like an online travel agency that allows consumers to book air tickets, accommodation, as well as hail a cab. Its fintech and e-wallet platform, BigPay, and logistics business, Teleport, also look promising.

Here are 10 things I learned from the 2023 Capital A annual general meeting.

1. Revenue surged from a low base of RM1.7 billion in 2021 to RM6.4 billion in 2022. Net loss narrowed from RM3.o billion to RM2.6 billion over the same period despite the absence of government support as all core business segments recovered except Teleport. COVID-19 movement restrictions have gradually eased, and border closures have slowly lifted in the past two years. Air travel demand remains strong as forward bookings have surpassed pre-pandemic levels. Approximately 70% of the company’s 205 leased planes are currently fully operational, and the expectation is that all of them will be in full operation by the third quarter of 2023. Retrenched staff have also been recruited.

2. Capital A was restructured into four main businesses, namely aviation, digital, logistics, and aviation services. The aviation segment consists of its aviation businesses in Southeast Asia. AirAsia Japan was shut down in 2020, while the company’s stake in AirAsia India was recently sold. It targets to launch AirAsia Cambodia by the end of 2023 and will continue to focus its business primarily in Southeast Asia particularly Thailand and Malaysia.

As consumers, we may have observed a significant increase in airfares after the pandemic. According to CEO Tan Sri Anthony Francis Fernandes, these airfare hikes are ‘rational’ and are maintained at levels that are beneficial for both the company and its shareholders. The management doesn’t anticipate that the emergence of a new competitor, MYAirline, to have a substantial impact on the Malaysian market, given that other well-established airlines also exercise fare discipline. Additionally, the CEO anticipates that ancillary services such as Wi-Fi will play a more significant role in boosting the company’s bottom line.

3. Under its digital segment, the company repositioned its airasia Superapp as a low-cost online travel agency (OTA) by focusing on travel-related businesses including flight, hotel, and ride-hailing. The airasia Superappno longer offers food delivery after three years since its launch as Anthony Francis Fernandes thinks they ‘are never going to make money on food delivery’. As part of its collaboration with foodpanda, consumers who wish to order food delivery or hail a cab will be redirected to each other’s app instead. The benefit of this partnership is yet to be seen. Additionally, the airasia Superapp now enables consumers to make discounted reservations for in-house dining. The CEO is optimistic about the prospects of its digital ventures, citing the company’s strategy of capitalizing on its extensive database to engage in cross-selling to its 12.9 million average monthly active users (as of Q1 2023), which helps reduce advertising expenses.

4. The company’s ride failing app — Airasia Ride — is currently available in Malaysia, Thailand, and Indonesia while the company is applying for relevant licences in Singapore and the Philippines. The number of completed rides per month improved from 161,000 in the first 17 months of operations to 410,000 currently. Market conditions are challenging — it’s noteworthy that Grab, the dominant player in the ride-hailing sector, continued to incur losses in 2022.

5. One shareholder pointed out that airasia Superapp was not as user-friendly as Grab. In fairness to Capital A, it’s worth noting that their app was developed during the pandemic when the company faced financial constraints. As a user myself, I have observed some noticeable improvements in the airasia Superapp over the past few years. Additionally, it’s worth mentioning that lately, airasia Superapp’s fares have generally been more competitive and lower than those offered by Grab.

Posted by Mabel > 2023-09-08 23:04 | Report Abuse

6. BigPay, an ewallet app, is available across Malaysia, Thailand, and Singapore. The company is seeking approval in other parts of ASEAN. The CEO aims to have at least 30% of the revenue in airasia Superapp transacted on BigPay in the future, which is a bold target.

To me, the positioning of BigPay can be clearer to the public. It acts like an e-wallet, a budgeting tool, and a debit card. Users can apparently transfer money to overseas bank accounts and pay bills in the three countries mentioned (obviously I am not a user). Migratory workers look like the target users as cross-border remittance grows. BigPay has disbursed RM2.8 million to its 1.3 million user base so far as part of its nascent lending business.

BigPay raised US$100 million from SK Group in 2021 and aims to achieve profitability by 2024. Its payment business made up of 69% of its revenue in 2022. It will rely on QR payments to reduce its dependence on Visa and Mastercard payment networks.

7. Teleport sells AirAsia’s and third-party passenger flight cargo belly space to freight forwarders like DHL and Schenker. It has grown its market share to 10.3% in the ASEAN region and targets to overtake Singapore Airlines Cargo by the end of 2023. Teleport is also an e-commerce service delivery provider and a courier for customers like Zalora, Shopee, Lazada. One aircraft freighter was brought in in June 2023 for the first time with two more on the way.

Teleport’s revenue declined from RM551.2 million in 2021 to RM469.1 million in 2022, primarily attributed to the increased availability of belly space as air travel rebounded, leading to higher supply in the market. Losses before interest, taxes, depreciation & amortisation narrowed from RM69.1 million to RM26.9 million over the same period as it used low-margin passenger planes to carry cargo in 2021. In 2022, it shifted back to using the belly space of AirAsia aircraft to carry cargo.

8. Aviation Services comprises several entities, including the inflight catering company Santan; the ground handling services provider, Ground Team Red; the maintenance, repair, and overhaul company, Asia Digital Engineering (ADE); as well as AirAsia Consulting, among others. These companies provide services to AirAsia and the CEO wishes to expand their offerings to other airlines.

In an effort to sustain the company during the pandemic when flights were halted, the management explored various business verticals, such as launching Santan outlets in the Klang Valley. Some of these Santan outlets were subsequently shuttered. Currently, the company is pivoting towards smaller-format kiosks and supplying its food products to convenience stores and inflight catering services instead.

The cargo volume handled by Ground Team Red is anticipated to grow 30% year-on-year in 2023. To capture the rising cargo demand, three cargo terminals will be introduced by Q1 2024 at Sandakan, Kota Kinabalu, and Tawau in Sabah. Ground Team Red is expected to be profitable by the end of 2023.

Additionally, the company’s dual-listing in New York does not appear to be progressing as of now.

9. Capital A remains financially distressed and may only exit PN17 status by 2024. It postponed the submission of its regularisation plan to October 2023 to incorporate its latest FY2022 figures. At the same time, it plans to list in New York look shelved for now. Despite these challenges, the CEO has reaffirmed his commitment to remain at the helm of Capital A.

Impairment losses from AirAsia X and Thai AirAsia X (both are related parties) totalling RM313.2 million and RM227.7 million respectively were recognised in 2020 and 2021. The amounts were pertaining to the former’s debt restructuring exercise and the latter’s proposed rehabilitation plan.

10. Capital A aims to raise RM1 billion through debt and equity financing. Teleport raised US$50 million in 2022, while the aviation group and Asia Digital Engineering secured US$30 million and US$100 million respectively in 2023. Capital A is in talks with third parties to secure funding totalling US$40 million for airasia Superapp and another US$150 million for the aviation group.

Posted by Sslee > 2023-09-09 06:37 | Report Abuse

Good morning i3lurker,
Japanese is such a nice people, no refund and they still bow down to you and say thank you.
AirAsia Japan was shut down in 2020.

Indians are so sneaky and like their bollywood dance so much till you either go to jail or company’s stake in AirAsia India was recently sold

Thai love their stock market: A gain of RM1.37 billion from the remeasurement of an associate to subsidiary, Asia Aviation Public Company Ltd Group (AAV) holder of Thai air asia.

Philippines advance sales a problem, many people there own AK47 guns and mafia boss macai can just make you disappear overnight so no choice company paid undisclose sum to buy back the 60% PAA non-controlling interest.

2022
IAA: PAA
RM’000 : RM’000
Non-current assets 1,409,615 : 709,801
Current assets 116,294 : 357,236
Non-current liabilities (1,992,676) : (1,021,560)
Current liabilities (1,458,377): (3,100,251)
Net liabilities (1,925,144): (3,054,775)

Name of entity Country of incorporation
Group’s effective equity interest
2022 %
PT Indonesia AirAsia (“IAA”) Indonesia 47.43
Philippines Airasia Inc. (“PAA”) Philippines 40.00

Indonesians and Malaysians abang-adik like sslee very easy to bully one 🤣

Posted by i3lurker > Sep 8, 2023 9:15 PM | Report Abuse
advance sales in Malaysia no problem
only Philippines advance sales a problem, many people there own AK47 guns
only Thailand advance sales a problem, many people there own AK47 guns
just use Bolehland money to refund Thais and Pinoys
Bolehland people like sslee very easy to bully one 🤣

Posted by surewin111 > 2023-09-09 08:54 | Report Abuse

Good morning, @Mabel, write so so so long, your hand no tired meh? Very very good comment and analysis, should buy you coffee la. Well done

Posted by Income > 2023-09-09 09:17 | Report Abuse

Sifu, wow situation is so dire ker




i3lurker
CapA share price is not relevant.
whether RM0.01 or RM150.00 makes no difference to lifting of PN17

Gentlemen
we have run out of Suiyee Sucker Bilis to buy up CapA
better start pasting adverts on TNB electric poles, traffic lights relays and bus stops
08/09/2023 7:41 PM

Posted by SinGor > 2023-09-09 09:57 | Report Abuse

Advance Sale Ticket is a Real problem when Oil price reached $90........2 months back Oil was$80......Extra
fuel expenses can easily add Rm200mil to fuel expenses

Posted by paulthesotong > 2023-09-09 12:28 | Report Abuse

..,,Your friendly .... Aviation Finance & Leasing n PN17.
https://practiceguides.chambers.com/practice-guides/aviation-finance-leasing-2023/malaysia/trends-and-developments

Posted by Sslee > 2023-09-09 13:34 | Report Abuse

AAX pre debts restructure, AAX owed capitalA how much?

Impairment losses from AirAsia X and Thai AirAsia X (both are related parties) totalling RM313.2 million and RM227.7 million respectively were recognised in 2020 and 2021. The amounts were pertaining to the former’s debt restructuring exercise and the latter’s proposed rehabilitation plan.

CapitalA as at 30/6/2023
Lease liabilities
The lease liabilities amounting to RM19.7 billion includes deferred aircraft leases of approximately RM2.7 billion. The lease liabilities are supported by ROU assets of RM12.4billion.
The Group had completed the restructuring of a total of 157 aircraft leases up to the date of this report including the waiver of lease rentals in arrears, as well as reducing future lease rates with a corresponding longer lease term, where necessary, and return of aircraft.

Malaysia has ratified the Capetown Convention and has incorporated it into domestic law via the International Interests in Mobile Equipment (Aircraft) Act 2006. This gives some comfort to lessors, particularly those who are entering the Malaysian market for the first time.

The Impact of Recent Court Decisions

The Cape Town Convention, previously untested in Malaysian courts, was recently invoked during the proceedings related to AirAsia X’s Scheme of Arrangement. The court established that this scheme constitutes an “insolvency-related event” under Article XI of the Protocol of the Cape Town Convention. This conclusion was based on the following factors: (i) the scheme was formulated in the context of an insolvency procedure; (ii) the scheme was also a collective arrangement in that it was “concluded on behalf of creditors generally or such classes of creditors as collectively represent a substantial part of the indebtedness”; and (iii) the court’s approval was required for its implementation.

The court concluded that in the event the debtor chooses not to terminate the agreement when an insolvency-related event has occurred or the creditor does not exercise its right to repossess the aircraft, the obligations under the agreement, including the obligations to pay the rentals, can only be modified by the debtor with the creditor’s consent. However, the court then went on to state that the proposed scheme, or rather the AirAsia X proposed haircut, was merely seeking to compromise the lessors’ claims for damages (and not attempting to modify the terms of the lease) and in this instance, AirAsia X did not therefore require the consent of the lessors in respect of the proposed haircut on the lessors’ claims.

The court’s decision, namely that the scheme was an insolvency-related event under the Cape Town Convention, is the key point for lessors moving forward. This presumably provides a more definitive trigger for Events of Default, offering greater certainty for lessors concerned about a potentially troubled airline. It is also noteworthy that AirAsia X voluntarily offered to return any aircraft that lessors wished to repossess, guaranteeing that it would not resist terminating those leases. Ultimately, there were no forcible repossessions in relation to any of the AirAsia X aircraft, nor have there been any forcible repossessions of aircraft in Malaysia in recent history. It appears that both lessees and lessors prefer to come to an amicable solution, even when a lessor may already have secured the necessary court orders.

However, on 6 December, Capital A announced and clarified that “the proposed plan is not a merger of AirAsia Berhad and AirAsia X, but a potential disposal of Capital A’s aviation assets to AirAsia X, in order to form a separate publicly-quoted aviation group comprising six airlines – four short-haul Asean airlines and two medium-haul airlines, namely AirAsia Berhad, Thai AirAsia, AirAsia Indonesia, AirAsia Philippines, AirAsia X and Thai AirAsia X. However, the Company also wishes to clarify that the plan remains a work in progress, and will be subject to multiple approvals including by the Company’s Board of Directors, shareholders, and Bursa Malaysia Securities Berhad.”

Lessors and financiers will also have to consider what happens to the guarantees that Capital A has issued to guarantee the various obligations of AirAsia as well as of the other airlines in the AirAsia group. Leases and facility agreements that typically contain covenants in relation to changes of shareholding may mean that such a restructuring will be subject to the consent of lessors and financiers too.

As of now, the Malaysian aviation market and the industry await to see if the acquisition and/or merger between AirAsia X and the aviation business of Capital A, will indeed materialise.

Posted by Sslee > 2023-09-09 17:35 | Report Abuse

https://klse1.i3investor.com/blogs/Sslee_blog/2023-09-09-story-h-240142117-CapitalA_Follow_up_email_on_increase_effective_stake_from_40_to_100_in_.jsp
For your weekend reading and thinking

Posted by geary > 2023-09-09 19:17 | Report Abuse

CAPITALA Monthly Momentum!?
Hold: 50/200SMA!?
S1: 0.875.
Pivot: 0.90.
R1: 0.99
R2: 1.08.
R3: 1.28
R4: 1.48.
Oct 7; Within 50SMA: Target: 1.80!? #90% UP!?
Disclaimer: Trade at your own Risk!?

Posted by The_JQuestion > 2023-09-10 16:38 | Report Abuse

the only imaginary ppl i know is sslee and i3 lurker and their missing pet rr88 contra kaki ... together make imaginary good team :))
meanwhile stony has multiple multi billion companies :))

Posted by paulthesotong > 2023-09-10 20:37 | Report Abuse

Now .....U can buy 100% Airline Philly

https://www.bworldonline.com/top-stories/2022/02/03/427549/congress-ratifies-amendments-to-public-service-act/

On 16 May 2023 Share SPA with F&S to acquire 60% in Philippine Airasia for USD16M( RM57.7 )
Become wholly owned subsiaries of the group.

Posted by The_JQuestion > 2023-09-10 21:25 | Report Abuse

power la sotong. but sslee so smart he wan to send his email , let him. mayb he should learn some tagalog and ask the philippine airasia instead? together with his taugeh the i3 looker , they are master of kacau capital A what.
also email thai AA :)) . indonesian. Only fact is all doing good and will continue to thrive... good week ahead :)

Posted by The_JQuestion > 2023-09-10 21:26 | Report Abuse

buy now in few years 100% become 500% .... look at how much cap A , AAX has risen
old men prefer to sleep... sleep longer ZZZZZZZZZZZ

Posted by paulthesotong > 2023-09-11 09:23 | Report Abuse

No bull..Have ever heard SAF?.. Sustainable Aviation Fuel.

Posted by Mabel > 2023-09-11 11:20 | Report Abuse

Hong Kong superstar Chow Yun-fat has been named Asian Filmmaker of the Year at the Busan International Film Festival (BIFF), becoming the second actor from the city to earn international acclaim in a week.

Congrats Handsome Sslee!

https://www.thestar.com.my/aseanplus/aseanplus-news/2023/09/09/hong-kong-superstar-chow-yun-fat-named-asian-filmmaker-of-the-year-at-busan-international-film-festival

Meow

Posted by Mabel > 2023-09-11 11:22 | Report Abuse

#geary CAPITALA Monthly Momentum!?
Hold: 50/200SMA!?
S1: 0.875.
Pivot: 0.90.
R1: 0.99
R2: 1.08.
R3: 1.28
R4: 1.48.
Oct 7; Within 50SMA: Target: 1.80!? #90% UP!?
Disclaimer: Trade at your own Risk!?
09/09/2023 7:17 PM

Total Mabel wait at 88 sen..

Let see if if any Uncles and Aunties want to sell or not..

Meow

Posted by nickick > 2023-09-11 11:59 | Report Abuse

collected more at 89 sen

Posted by geary > 2023-09-11 12:02 | Report Abuse

Total Mabel wait at 88 sen..
Let see if if any Uncles and Aunties want to sell or not..
Meow
Q @88/89. Timing probably it's MACD convergence zero!?
Waiting for higher trading volume, BULL/BEAR!?
Depends on more buyers or sellers!?
Added some @0.89.

Posted by Sslee > 2023-09-11 12:18 | Report Abuse

https://klse.i3investor.com/servlets/forum/608683103.jsp

Just a word of caution

Posted by nickick > 2023-09-11 12:19 | Report Abuse

collect more at 88.5 sen

Posted by Sslee > 2023-09-11 13:11 | Report Abuse

From CapitalA: Second quarter report ended 30 June 2023:
Page 4:
As at 30/6/2023: As at 31/12/2022
RM ‘000: RM’000
Capital and reserves:
Share capital: 8,659,652: 8,654,977
Merger deficit: (5,507,594): (5,507,594)
Other reserves: 266,894: 204,020
Foreign exchange reserve: (1,657,962): (153,308)
Accumulated losses: (10,151,810): (8,923,188)
Equity:
Shareholders’ equity: (8,390,820): (5,725,093)
Non-controlling interest: (1,813,867): (3,791,865)
Total equity: (10,204,687): (9,516,958)

CapitalA accumilated losses of RM 10,151,810,000 is too bad to be true plus some too bad to be true NTA of negative RM (2.01)/Shareholders’ equity:RM (8,390,820,000)

Hence it is just an accounting issue as shareholders' equity can be easily adjusted from negative RM 8,390.82 million to positive RM 40 million+ thus CapitalA can easily submit the PN17 regularisation plan on or before Bursa deadline 7 Oct 2023 and uplift from PN17 before year end.

Criteria that trigger Practice Note 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;

Trade at your own Risk!?

Posted by geary > 2023-09-11 13:39 | Report Abuse

Sslee
https://klse.i3investor.com/servlets/forum/608683103.jsp
Just a word of caution.
Got cheated in XingQuan, many Red Chips cheated many people, even in STI!?
So trying to warn others in CapitalA!?
Better jaga his own bantat!? In insas, too good to be true!?
Always selling below its NTA, NCAV n Cash Value!?🥴

Posted by IshraaqNor > 2023-09-11 14:24 | Report Abuse

Ada terima balasan drpd Capital A dan Bursa tak, Sslee?

Posted by geary > 2023-09-11 14:30 | Report Abuse

Bursa Malaysia, Forward Oct 7, '23, News:
The Central Bankruptcy Court has given approval to the business rehabilitation plan of CapitalA Bhd.
Which was revised in accordance with decisions made by a conference of creditors on 7 July 2023.
Following this decision, CapitalA Bhd, is now again ready to pursue continual earnings growth.
As part of its expansion plan, it will be adding full aircrafts by year end, opening new routes to increase cash flow and revenue, and efficiently managing its Debt to Equity/Capital.
Plus its services in Teleport, SuperApp/BigPay n other business, will have great sales n earnings growth, adding extra cash to its bottom line. TQ.
Disclaimer: Trade at your own Risk.🤔

Posted by The_JQuestion > 2023-09-11 14:33 | Report Abuse

this sslee should stop promote his trashes and start INSAF instead of INSAS ... I bet all of us agree !

Posted by BILLC > 2023-09-11 15:02 | Report Abuse

Agreed,,,me already Insaf this Insas is an old man cap Ayam counter long long time ago,,,,haha,,,

Posted by mf > 2023-09-11 15:18 | Report Abuse

sell

Posted by nickick > 2023-09-11 15:27 | Report Abuse

buy when others are fearful

Posted by EatCoconutCanWin > 2023-09-11 15:32 | Report Abuse

Plan C?

Posted by geary > 2023-09-11 15:56 | Report Abuse

Mabel(Meow)!?
#geary CAPITALA Monthly Momentum!?
Hold: 50/200SMA!?
S1: 0.875.(Matched)
Enough in my Portfolio!?
Pivot: 0.90.

Posted by geary > 2023-09-11 16:02 | Report Abuse

BILLC
Agreed,,,me already Insaf this Insas is an old man cap Ayam counter long long time ago,,,,haha,,,
56 minutes ago
Too Good To Be True counter!?
Should ask SsLee, why its NTA, NCAV n Cash Value very much higher than its share price!?
Analyse all its associates or subsidiaries, Valuation very suspicious!?
Hold for dividend growth also susah; Trade also banyak susah; very mediocre rate of return!?
Trade at your own Risk!?

Posted by DickyMe > 2023-09-11 16:13 | Report Abuse

75 sen coming soon!