Posted by Sslee > 2023-09-19 07:25 | Report Abuse

Know why I like choivo capital blog?
He done his indept analysis and presented the figure in a stroy like the truth and the whole truth.

He is right about Serbadk and also about AA. He no more sharing his analysis because those with vested interest or fanatic fans of Karim and now Stony can't tell the different between fact and delusion and start to behave very weird. The rest is history.

Come 7 Oct 2023, if Bursa reject the request for third extension and proceed to suspend and delist capitalA then Stony/capA will drop/fall/sink like a stone.

Posted by i3lurker > Sep 18, 2023 10:39 PM | Report Abuse
its so weird !!
the behavior and posts here is exactly the same as in bankrupt Serba forum previously.
even weirder is that the weird characters are also exactly the same !

Posted by speakup > 2023-09-19 07:40 | Report Abuse

Yes choivo capital was great!

Posted by StartOfTheBull > 2023-09-19 07:53 | Report Abuse

SSLee is greater than choivo capital.🤣

Posted by EatCoconutCanWin > 2023-09-19 08:48 | Report Abuse

AirAsia plan to join national rocket launcher in 2025. What a great move

Posted by Anw412 > 2023-09-19 08:53 | Report Abuse

Front page Star Biz today.. Fly high onwards..

Posted by EngineeringProfit > 2023-09-19 08:57 | Report Abuse

No need to think or do accounting, just hentam all in

The upside much much >>>>> more than the downside

5.00 soon........

Posted by EngineeringProfit > 2023-09-19 08:58 | Report Abuse

(No all in now, no laughing all the way to the bank later)

Posted by Johnchew5 > 2023-09-19 09:01 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-19 09:04 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-19 09:06 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-19 09:06 |

Post removed.Why?

Posted by geary > 2023-09-19 09:46 | Report Abuse

CAPA Latest News:
AirAsia Move👌
Tony Fernandes emphasized that the decision to rebrand is driven by AirAsia’s core focus on mobility. SuperApp n BigPay.

He pointed out that while most online travel agency companies primarily concentrate on flights and hotels, a significant aspect of travel involves ground mobility, such as commuting to airports.

AirAsia covers these bases with AirAsia Move, offering ride-hailing and food ordering services, among others.

In the second quarter of 2023, AirAsia Super App achieved its highest recorded number of monthly active users at 15 million, while BigPay saw a 16% year-on-year growth in its carded users.

This technology catalyst probably will Limit Up, CapitalA market value.
Just like YTL/YTL Power into data infrastructure.👉🚀

Posted by Sslee > 2023-09-19 09:49 | Report Abuse

The last time Karim also want to take serbadk to space:
Serba Dinamik Group Bhd is collaborating with seven institutions of higher learning as its strategic partners in Malaysia to establish a New Space Economy Nexus (NSEN) to explore the areas in space technology.

From visionary to delusionary

EatCoconutCanWin AirAsia plan to join national rocket launcher in 2025. What a great move
19/09/2023 8:48 AM

Posted by geary > 2023-09-19 09:53 | Report Abuse

Druckenmiller,
"never, ever invest in the present n past. It doesn’t matter what a company’s earning, what they have earned.
I was taught that I have to visualize or envision the situation, #18 months from now, and whatever that is, that’s where the price will be, not where it is today." "And too many people tend to look at the present, or the past.
Oh!, this is a great company, they’ve done this or this central bank is doing all the right things or otherwise .
But you have to look to the future. If you invest in the present or the past, you’re going to get run over by a truck,"
The Future is the Key, don't copied paste all those rubbish, many dare not have the Gut Feeling, to envision the Future Earnings Growth Prospects 🤔🤑🚀

Posted by Sslee > 2023-09-19 09:54 | Report Abuse

Figure and fact:
Aggressive Fleet Growth
● Fleet reactivation alone is not enough to sustain our growth trajectory. After reactivating our fleet, we need to grow the fleet further.
● Orderbook of 362 aircraft to be delivered over the next 12 years, beginning 2024. Of the 362, financing is secured for 73 aircraft through Sales and Leaseback (SLB) arrangement with several lessors.
● We are also leasing 15 additional aircraft - 9 to be delivered in 2024, 6 in 2025.


Delusionary
https://www.channelnewsasia.com/business/airasia-capital-ceo-tony-fernandes-expand-airbus-order-asean-multi-hub-strategy-3773186

Right now, we're looking at more capacity. I can announce for the first time on CNA that we're looking at an aircraft order,” he told the national broadcaster on Thursday (Sep 14), during an interview with presenter Roland Lim on the sidelines of the annual Milken Institute Asia Summit in Singapore.

“I never believed that we would be looking at a new aircraft order, so it is an exciting moment that we're in discussion with manufacturers for a wide body order.”

Posted by Sslee > 2023-09-19 10:04 | Report Abuse

AA Japan closed.
AA India Sold
AA China still waiting for poker man pulling connection.

AA Indonesia, AA Thai, AA Philippine facing fierce competition from local low cost airlines.

So where to employ the planes?

Posted by StartOfTheBull > 2023-09-19 10:21 | Report Abuse

Stupeeed Ahkua. 😄


i3lurker

12,845 posts

Posted by i3lurker > 8 minutes ago | Report Abuse

I suggest those planes to be parked at Jalan Alor for Satanic Accuser Johny to convert to massage parlour/s

Posted by paulthesotong > 2023-09-19 10:27 | Report Abuse

Man from the future!

Posted by paulthesotong > 2023-09-19 10:43 | Report Abuse

Another disgruntled airline customer!

No big surprise!

Posted by Mabel > 2023-09-19 11:06 | Report Abuse

Haha no rice we follow Tony's wife...

Eat Ramen...

Meow

Posted by Mabel > 2023-09-19 11:06 | Report Abuse

..or follow Tony eat Chappati and Tossei..

So delicious....

Meow

Posted by Mabel > 2023-09-19 11:07 | Report Abuse

Today so nice both Mabel's PN17 are so steady and so strong...

Life is so beautiful...

Captain Mabel Meow

Posted by Permutation > 2023-09-19 11:16 | Report Abuse

Perhaps Capital A is too 'Big" to fail. They will probably get another extension if they can't meet the 7 Oct deadline?no?

Posted by paulthesotong > 2023-09-19 11:47 | Report Abuse

https://www.youtube.com/watch?v=rfj6f-GAnLM

Posted by geary > 2023-09-19 12:13 | Report Abuse

CORPORATE Latest News!
Rising from the ashes!
By BILQIS BAHARI.
September 19, 2023 @ 8:24am
facebook sharing buttontwitter sharing buttonwhatsapp sharing buttonemail sharing button.

UK/Malaysian, Tony Fernandes said the next step for AirAsia as an airline was to grow its fleet from 200 aircraft to 300 so it could fly to untapped destinations like Kazakhstan, Africa, Europe and Latin America.
NSTP/ASWADI ALIAS.

KUALA LUMPUR: CAPITAL A Bhd needs up to 50 new wide-body aircraft to turn AirAsia and its long-haul carrier arm AirAsia X Bhd into a low-cost version of world-renowned Qatar Airways and Emirates.

The Middle Eastern airlines have done a great job at making the world a smaller place and Malaysia has the potential to do the same, Capital A chief executive officer Tan Sri Tony Fernandes said.
One n Only Airlines listed in Bursa Malaysia, All Malaysian are supporters of CAPITALA (AAGB).
Only a few Running Dogs, are ignorant to the Truth!?
If AA failed, SIA the first Airlines will Laugh Out Loud, because their Tiger Cannot Fly High🤔
Stony Fly...nuendo👍🤑🚀!

Posted by paulthesotong > 2023-09-19 12:34 | Report Abuse

They made Money Flying..

https://www.nst.com.my/business/2023/09/957012/rising-ashes

Posted by StartOfTheBull > 2023-09-19 12:48 | Report Abuse

About AirAsia
It started back in 2001 when Tony Fernandes and Kamarudin Meranun bought an ailing airline with two aircraft and 200 staff and turned it into the fourth largest in Asia, with more than 200 aircraft and 21,000 staff across Malaysia, Thailand, Indonesia, the Philippines and more.

From humble beginning year 2001, everybody can fly. Who cannot fly?

Posted by paulthesotong > 2023-09-19 13:01 | Report Abuse

Who cannot fly?

U Bet.. They Made Money Flying.!

Posted by geary > 2023-09-19 13:03 | Report Abuse

StartOfTheBull
About AirAsia
It started back in 2001 when Tony Fernandes and Kamarudin Meranun bought an ailing airline with two aircraft and 200 staff and turned it into the fourth largest in Asia, with more than 200 aircraft and 21,000 staff across Malaysia, Thailand, Indonesia, the Philippines and more.
From humble beginning year 2001, everybody can fly.
Who cannot fly?
The company was formerly known as AirAsia Group Berhad and changed its name to Capital A Berhad in January 2022.
So the new era of CapitalA(formerly AAGB) has started from year 2022, n going higher yoy 🤔🙏👍🤑🚀

Posted by Johnchew5 > 2023-09-19 13:30 |

Post removed.Why?

Posted by Sslee > 2023-09-19 13:51 | Report Abuse

Will Stony keep his words to submit its regularisation plan by Oct 7?
Or another request for third extension. Keep your fingers crossed.

On Capital A's Practice Note 17 (PN17) status in Bursa Malaysia, Fernandes said the company was on target to submit its regularisation plan by Oct 7.

He said a lot of work had been put into the regularisation plan, but ultimately, it was Bursa that would make the final decision.

"Doing a regularisation is massive and not many companies come out of PN17. I know now why… A lot of work has gone into this. Bursa Malaysia is there to help companies come out of PN17, but ultimately, it's their decision," he added.

Posted by Sslee > 2023-09-19 13:57 | Report Abuse

Just follow below simple Bursa' rules to uplift from PN17. Is that too difficult to follow?

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;

Event that trigger PN17:
2.1​ Pursuant to paragraphs 8.04(2) of the Listing Requirements, where a listed issuer triggers any one or more of the following Prescribed Criteria it must comply with the provisions of paragraph 8.04 and this Practice Note:
​(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;
​ (b) receivers or managers have been appointed over the asset of the listed issuer, its subsidiary or associated company which asset accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​​(c) a winding up of a listed issuer's subsidiary or associated company which accounts for at least 50% of the total assets employed of the listed issuer on a consolidated basis;
​​(d)​ ​the auditors have expressed an adverse or disclaimer opinion in the listed issuer's latest audited financial statements;
​ ​​(e) ​the auditors have expressed an emphasis of matter on the listed issuer's ability to continue as a going concern in the listed issuer's latest audited financial statements and the shareholders' equity of the listed issuer on a consolidated basis is 50% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer; or
​ ​(f) a default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

Posted by Sslee > 2023-09-19 14:06 | Report Abuse

How great AA was and will be in future are irrelevant for Bursa to decide whether to accept capA PN17 regularisation plan to uplift capA from PN17 or proceed to suspend and delist capA are:

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 StartOfTheBull > Sep 19, 2023 12:48 PM | Report Abuse
About AirAsia
It started back in 2001 when Tony Fernandes and Kamarudin Meranun bought an ailing airline with two aircraft and 200 staff and turned it into the fourth largest in Asia, with more than 200 aircraft and 21,000 staff across Malaysia, Thailand, Indonesia, the Philippines and more.

From humble beginning year 2001, everybody can fly.

KUALA LUMPUR: CAPITAL A Bhd needs up to 50 new wide-body aircraft to turn AirAsia and its long-haul carrier arm AirAsia X Bhd into a low-cost version of world-renowned Qatar Airways and Emirates.

The Middle Eastern airlines have done a great job at making the world a smaller place and Malaysia has the potential to do the same, Capital A chief executive officer Tan Sri Tony Fernandes said.

Posted by Sslee > 2023-09-19 14:28 | Report Abuse

Know what the different when Stony bought AA for RM 1 in 2001 and now capitalA shareholoders' equity is RM negative 8,390,820,000 and accumulated losses RM 10,151,810,000?



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)

2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000), CapA is an insolvent company

As at 30/6/2023
Deposits, bank and cash balances: RM 735,003,000
Sales in advance: RM 2,024,943,000
Current borrowing: RM 724,973,000
Non current borrowing: RM 2,964,246,000
Short term debentures: RM 98,156,000
Current portion of long term debentures: RM 186,741,000
Non-current portion of long term debentures: RM 194,722,000
Current trade and other payables: RM 3,936,316,000

CapA is more and more insolvent as at 30/6/2023, taking in more and more borrowing, advance sales, trade and other payables just to activate more planes.

Posted by geary > 2023-09-19 14:50 | Report Abuse

Oh!...Grumpy Grandpa being copying n pasting all the rubbish, but he lost few millions in XingQuan, Serbad n Jaks. All those cunning n sharking shareholders, cheated him!?
Plus now his holding in Insas, another cunning Insiders, market value keep dropping, like no tomorrow!?
Paying you, below #3% DY, no bonus issue, plus cheating money from public shareholders, issued rights.
Better keep his millions, in fixed/time deposit, can earn higher interest Rates!?
👉🥴🤮

Posted by SensibleInvesting > 2023-09-19 15:12 | Report Abuse

The primary concern for Bursa revolves around the future plan to address trigger criteria (e). It appears that SSLee may still have difficulty comprehending the Ernst & Young report, possibly due to a language barrier.

I hope that his struggle lies with his English proficiency rather than any prejudice or jealous sentiments towards Tony. It's quite immature to hold a bias against someone who isn't even aware of your existence.

Posted by Sslee > 2023-09-19 15:20 | Report Abuse

Can you understand plain english or you have language barrier ?

​(i) ​no longer trigger ANY of the Prescribed Criteria upon implementation of the regularisation plan

Posted by Sslee > 2023-09-19 15:28 | Report Abuse

Or can you understand accounting:

2Q2023 Current liabilities RM 14,208,631,000, current assets RM 2,269,900,000 thus net current liabilities RM (11,938,731,000), CapA is an insolvent company

Posted by OldReader74 > 2023-09-19 15:43 | Report Abuse

Been reading this forum for long....Munch munch biscuits......sslee is losing badly, so emotional. exactly got caught by seninvesting, one text and 2 replies with 9 minutes. Come come do more, don't lose...munch munch

Posted by OldReader74 > 2023-09-19 15:44 | Report Abuse

Haiyah come come fight more. Let us laugh you like long ago

Posted by OldReader74 > 2023-09-19 15:45 | Report Abuse

You lost badly to me in COVID-19 time. Come do not lose again this round. Hehehe

Posted by geary > 2023-09-19 15:47 | Report Abuse

LOL🤑😄!?
Top Ten Institutions/Funds are salivating AA/CAPITALA.
Khazanah/EPF only top 40/50!?
Top ten few are in Asia, China, Hong Kong, n two in Singapore.
Temasek probably, government has no decision on it. GIC is Singapore Sovereign Fund.
They can issued $2.5B of right issued, they can buy up the remaining rights, no problem.
Maybe can be listed in STI, then New York, if Bursa don't love AA!?
I think Ministry of Finance, won't let this scenario to happen, these 3 quarters AA is paying taxes. Plus all its loan obligation.
We aren't the one to decide the outcome, but I feel optimistic of AA/CAPITALA 🤔🙏🚀

Posted by OldReader74 > 2023-09-19 15:50 | Report Abuse

Lee soon sheng ingat dia pandai tapi hahahaha. He think he is everything like last time......wrote a blog and tell ppl wear mask, breathe harder and train lung stronger....hehehe

Posted by Sslee > 2023-09-19 15:50 | Report Abuse

As at 30/6/2023: 31/12/2022
Deposits, bank and cash balances: RM 735,003,000: RM469,985,000
Sales in advance: RM 2,024,943,000: RM 1,428,011,000
Current borrowing: RM 724,973,000: RM 530,958,000
Non current borrowing: RM 2,964,246,000: RM 2,405,756,000
Short term debentures: RM 98,156,000: -
Current portion of long term debentures: RM 186,741,000: -
Non-current portion of long term debentures: RM 194,722,000: -
Current trade and other payables: RM 3,936,316,000: RM 2,878,562,000

CapA is more and more insolvent as at 30/6/2023, taking in more and more borrowing, advance sales, trade and other payables just to activate more planes/advance sales , more payables and borrow money growth aviation. It is aka to Ponzi schemes collecting more sales in advance for current working capital.

Posted by OldReader74 > 2023-09-19 15:52 | Report Abuse

Lena whacked by forumer kaw2. Of course he already deleted the blog...he think he is doctor and gave advice .....kakakaka

Posted by OldReader74 > 2023-09-19 15:52 | Report Abuse

You losing badly sslee....hehehe..morre wayang show

Posted by OldReader74 > 2023-09-19 15:55 | Report Abuse

Lee soon sheng why ah why you love to delete post, blog that are looking stupppeed...why ah boleh answer

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-19 16:03 | Report Abuse

How can CapitalA turnaround?

Its business suffered hugely during the pandemic, leaving it with huge liabilities and borrowings.

Now its planes are flying. More passengers are flying. Soon, more of its planes will be flying. The initial starting will incur costs. Soon, profits and cash flows flow again.

For now, it is also dependent on the goodwill and mercy of its creditors, bankers and bond holders.

"When you owe a little bit of money, you have a problem. When you owe a lot of money, your lenders have a problem."

Hopefully, with ingenuity, patience, coordination and cooperation between many parties, CapitalA will turnaround, sooner than later.

Posted by geary > 2023-09-19 16:03 | Report Abuse

OldReader74
Lee soon sheng why ah why you love to delete post, blog that are looking stupppeed...why ah boleh answer
2 minutes ago
Mr. Lee Soon Sheng, Top 30 shareholders in Insas, #0.38,%!?
But return worst than bank deposit!?
Plus no capital gained.
Better sell LOH!?
Keep inside bank still have average #3.6% rate of return.
Or find a better DY company!?🤔🥴💸

Posted by OldReader74 > 2023-09-19 16:05 | Report Abuse

Doctor sslee Masih holding insas...waluehhhhh geng no wonder so emooooo