Posted by adikkici > 2023-09-19 16:07 | Report Abuse

As usual, will fly but DELAYED

Posted by Sslee > 2023-09-19 16:20 | Report Abuse

With multibillion in debts and Accumulated losses of RM10,151,810,000
How soon will it start to make meaningfull profit to pare down debts and accumulated losses?2, 5, 10 or 15 years?

Meanwhile Bursa will only accept PN17 regularisation plan that comply with Bursa rule or else suspension and delist is inevitable.

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.

Note: If you do not make lease payment, lessors have the right to pull out their planes and lease to someone else that can pay.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-19 16:31 | Report Abuse

Cash Flow Statement
Capital A

All values MYR Thousands.

Qtr … 30-Jun-23 … 31-Mar-23 … 31-Dec-22 … 30-Sep-22 … 30-Jun-22
Net Income … 937,105.00 … 29,890.00 … 41,103.00 … -1,153,824.00 … -1,114,473.00
FFO … 321,574.00 … 458,318.00 … 66,121.00 … -86,192.00 … -39,505.00
NOCF … 484,934.00 … 528,709.00 … -180,608.00 … 65,567.00 … 273,946.00
Cap Exp … -20,538.00 … -38,100.00 … -59,950.00 … -19,725.00 … -2,505.00
FCF … 463,754.00 … 491,251.00 … -240,558.00 … 45,842.00 … 271,441.00

Posted by paulthesotong > 2023-09-19 16:34 | Report Abuse

I saw one of their flight attendants smile. Customers want to see happy people or who look happy.
So many experiences with flight attendants that are bitter n angry. If u dont like your job or your boss..quit n do something else... life is to short have a job u hate.

Posted by OldReader74 > 2023-09-19 16:40 | Report Abuse

Munch munch. You sure or not doctor sslee, last time said wear mask, breathe harder and train lung stronger...simply create your own self imagination theory

Posted by OldReader74 > 2023-09-19 16:41 | Report Abuse

doctor sslee, your self delusion masih belum ok. Do not angry okkkkk....breathe slowly 1....2.......3

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-19 16:42 | Report Abuse

Cash Flow Statement
Capital A

Year … 2022 … 2021 … 2020 … 2019 … 2018
Net Income … -3,304 … -3,575 … -5,551 … -522 … 1,335
FFO … -455 … -873 … -1,362 … 2,089 … 1,709
NOCF … -282 … -678 … -2,165 … 2,087 … 524
Cap Exp … -91 … -50 … -100 … -306 … -1,130
Div Pd … - … - … - … -3,409 … -1,738
FCF … -373 … -726 … -2,259 … 1,792 … -600

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-19 16:47 | Report Abuse

Capital A suffered hugely during the pandemic years. Its 2020, 2021 and 2022 financial statements showed clearly.

The last 5 qtrs from showed improving trends in its business, especially the lastest quarter. Its Net Operating Cash Flow and Free Cash Flow had been positive the last 2 quarters.

Posted by StartOfTheBull > 2023-09-19 16:47 | Report Abuse

Don't worry about aeroplane, SSLee can wear his seluar dalam outside and take his chatmate old ahkua to fly.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-19 16:48 | Report Abuse

>>>
Posted by i3lurker > Sep 19, 2023 4:41 PM | Report Abuse

3iii lost money in 2008 due to belief in fake figures.
History repeats itself.
>>>

?????

Posted by Sslee > 2023-09-19 17:05 | Report Abuse

3iii,
My question to capitalA IR:

Question 1: Why only present the positive; Group (“EBITDA”) of RM462 million in 2Q2023 and Group operating cash flow over RM1 billion to general investing public and IBs analyst but omitting to state that under MFRS 16:

(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

2Q2023:
Depreciation of right of use assets: RM (354,185,000)
Finance costs-lease liabilities: RM (235,975,000)

Cash flows from financing activities:
Proceeds from borrowings: RM 130,989,000
Repayment of borrowing and lease liabilities: RM (1,107,380,000)
Acquisition on non-controlling interests: RM (52,061,000)
Net cash used in financing activities: RM (1,028,452,000)

Posted by The_JQuestion > 2023-09-19 17:16 | Report Abuse

Accounting is often described as an art rather than a science...enjoy the art. some guys make ugly art like mr ss and gang. ask why n why , auditor approved ?? bursa nvr query busybody :))
share price up make noise ... really nothing else btr to do

Posted by OldReader74 > 2023-09-19 17:19 | Report Abuse

Wowwwww doctor sslee copy paste long long but but he tak faham what he doing..... hahahaha laugh die me

Posted by OldReader74 > 2023-09-19 17:20 | Report Abuse

Just like your wear mask, breathe hard, train lung stronger theory....doctor sslee plucked from sky, ocean, tree, klcc and air. Now he plucked something for AirAsia.....laugh die me show ssLee part2

Posted by RTF3MIL > 2023-09-19 17:26 | Report Abuse

if you compare their tickets with MAS there is only minor to none differences. even JAL and ANA pricing is not so much higher than AA. who would still choose to fly AA so sempit.

Posted by Xienry > 2023-09-19 17:34 | Report Abuse

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.

https://www.nst.com.my/business/corporate/2023/09/956983/rising-ashes

Posted by Johnchew5 > 2023-09-19 18:38 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-19 18:43 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-19 20:30 |

Post removed.Why?

Posted by Mabel > 2023-09-19 20:44 | 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 > 2023-09-19 20:44 | 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 Mabel > 2023-09-19 20:45 | Report Abuse

Moving forward, the company stands to benefit from favorable business conditions, including the recovery of the Chinese market, which contributed to 15% of Capital A’s pre-pandemic revenue.

Meow

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

If I am not mistaken, SSLee is a chemical engineer and i3Licker is a shoplot auditor. Right?

Posted by Johnchew5 > 2023-09-20 06:52 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-20 06:54 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-20 06:55 |

Post removed.Why?

Posted by Sslee > 2023-09-20 07:09 | Report Abuse

CapA forum/AA suporters become weirder and weirder each day. It look like and sound like Serbadk forum/ karim suporters back then wonder how is pearlwhite doing now?

Posted by Sslee > 2023-09-20 07:56 | Report Abuse

An allowance for impairment of RM 315.3 million was recognised in 2020 for an amount due from a related party, AirAsia X (AAX), resulting from AAX’s debt restructuring exercise. Subsequently, in 2022, after AAX concluded the debt restructuring exercise, RM313.2 million of the outstanding amount was written off.

An allowance for impairment of RM214.4 million was recognised in 2020 for an amount due from a related party, Thai AirAsia X (TAAX) due to the proposed rehabilitation plan of TAAX. This was subsequently increased to RM227.7 million in 2021.

In 2023, an amount of RM1.6 million, equivalent to 0.5% of the settlement sum was successfully recovered. As for TAAX, we are currently awaiting the outcome of the proposed rehabilitation plan.

Posted by Johnchew5 > 2023-09-20 08:24 |

Post removed.Why?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2023-09-20 08:40 | Report Abuse

MKT Capt (RM m) : 4,293.8
ENT Value (RM m) : 18,026.5
Total Shareholders Equity: (5,725.1) Dec 2022

Posted by EngineeringProfit > 2023-09-20 09:00 | Report Abuse

In Casino de Bursa, just make money don't be squabbey.

Posted by EngineeringProfit > 2023-09-20 09:02 | Report Abuse

( downside only 1.00; upside 5.00.....hehe)

Lai.....lai......lai.......

(No all in now, no multibillionaire later)

Posted by Sslee > 2023-09-20 09:14 | Report Abuse

Downside is if come 7 Oct 2023 Bursa reject the third request for extension in submitting the PN17 regularisation plan and proceed to suspend and delist CapA then you will be trapped holding a non list company.

Upside you still can enjoy a cup of coffee with Stony during the private company AGM for free. Remember people are actually paying multimillion just to have breakfast with Warren Buffett

Posted by Sslee > 2023-09-20 09:21 | Report Abuse

It mean if you pay RM 4,293 million to take capA private you still need to settle (the total debt- cash equivalent). Your total cost will be RM 18,026 million.

3iii mind working out what is the MKT cap and ENT value of INSAS?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > Sep 20, 2023 8:40 AM | Report Abuse
MKT Capt (RM m) : 4,293.8
ENT Value (RM m) : 18,026.5
Total Shareholders Equity: (5,725.1) Dec 2022

Posted by Johnchew5 > 2023-09-20 09:23 |

Post removed.Why?

Posted by Sslee > 2023-09-20 09:25 | Report Abuse

By the way 3iii, what is the EV/EBITDA ratio for capA?

Posted by EngineeringProfit > 2023-09-20 09:29 | Report Abuse

Forget about all that. There are only three rules for trading in satancompliant casino de bursa i.e.

Rule 1: Make money

Rule 2: Make money fast, fun and furious

Rule 3: refer to rule no. 1

Posted by Johnchew5 > 2023-09-20 09:35 |

Post removed.Why?

Posted by Sslee > 2023-09-20 09:40 | Report Abuse

"The first rule of an investment is don't lose [money]. And the second rule of an investment is don’t forget the first rule. And that's all the rules there are." - Warren Buffett

Posted by OldReader74 > 2023-09-20 09:46 | Report Abuse

Doctor sslee. First rule is wear mask. Second rule wear double mask....your sky picked theory

Posted by OldReader74 > 2023-09-20 09:47 | Report Abuse

You got memory loss or feel shamed for your past postings and choose not to remember..... hehehe

Posted by OldReader74 > 2023-09-20 09:47 | Report Abuse

Time to visit insas forum....wahahaha

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

5099 CAPITALA, CAPITAL A BERHAD - +
Additional Listing Announcement /Subdivision of Shares
20 Sep 2023, 10:08
Additional Listing Announcement /Subdivision of Shares
1. Details of corporate proposal
Whether the corporate proposal involves the issuance of new type and new class
of securities? N
Types of corporate proposal : Conversion of Loan Stocks
Details of corporate proposal : Conversion of Redeemable Convertible Unsecured
Islamic Debt Securities ("RCUIDS")
No. of shares issued under this corporate proposal : 1,137,099
Issue price per share ($$) : 0.7500
Par Value ($$) (if applicable) : 0.000
Latest issued share capital after the above corporate proposal
In the following
Units : 4,212,760,548
Issued Share Capital ($$) : Malaysian Ringgit (MYR) 8,698,801,884.500
Listing Date : 21/09/2023
Remarks:
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

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

Repost: Secret to happiness and success

“Happiness and freedom begin with a clear understanding of one principle: Some things are within our control, and some things are not.”

i3ivestor forum comment, house rule (not under my control, so live with it) but you can choose to totally ignore those good for nothing cyber trolls.

In life you are going to come across many type of people so choose who are to be your friends/associate with and who to avoid/ignore because your future success will depend on this critical choice

Posted by OldReader74 > 2023-09-20 10:26 | Report Abuse

But doctor sslee why you deleted your wear mask, breathe hard and train lung stronger blog? Your ego kena crushed, so you feel shamed?

Posted by Johnchew5 > 2023-09-20 10:47 |

Post removed.Why?

Posted by Johnchew5 > 2023-09-20 10:48 |

Post removed.Why?

Posted by StartOfTheBull > 2023-09-20 11:21 | Report Abuse

SSLee promoted Hengyuan from the price of RM7.00 down to today RM3.35. However, he offered his help by writing some questions to the management, hopefully it works.

Posted by Mabel > 2023-09-20 12:44 | Report Abuse

#Johnchew5 Stock: [INSAS]: INSAS BHD
10 minutes ago | Report Abuse

Hoho The house of 🐍 n 🐀 Kon going to play Insas Wayang Version 2 , beware : 



4) Koni3lurkker aka Psai3alertt aka Mrs. Lim aka Bruce_Wayne

20/09/2023 10:48 AM

Wow! Thanks Sifu Mickey...

These are Stooges who loose badly in Serba..

Now cum here to lose again ke? hihihi

Posted by StartOfTheBull > 2023-09-20 13:39 | Report Abuse

Hahaha, i3Licker, a good nonsense talker, he works very hard just to earn a loaf of roti kosong.