Posted by Sslee > 2023-09-21 13:11 | Report Abuse

https://theedgemalaysia.com/article/airasia-group-recognises-rm299m-loss-japan-associates-bankruptcy-proceedings

KUALA LUMPUR (Feb 24): AirAsia Group Bhd said today the budget airline has recognised a loss of US$74.11 million (RM299.34 million) in the second half of 2020 (2H2020), as a result of 33%-owned associate AirAsia Japan Co Ltd’s (AAJ) bankruptcy proceedings due to the impact of the Covid-19 pandemic.

In a statement to Bursa Malaysia today, AirAsia Group said AAJ has commenced its bankruptcy proceedings as ordered by the court today.

"As a result of the bankruptcy proceedings, the company (AirAsia Group) has recognised a loss of US$74.11 million (equivalent to RM299.34 million) in the second half of 2020, due to financial assistance in the form of inter-company transactions and loans being written off as these amounts were deemed to be irrecoverable.


"The company also incurred US$5.18 million in the fourth quarter of 2020 and first quarter of 2021 for expenses related to the aircraft de-registration to move three aircraft from Japan to Malaysia.

"Further announcement(s) will be made in due course on the particulars of claim and financial impact to the company, if any, under the bankruptcy proceedings,” AirAsia Group said.

AirAsia Group’s Bursa filing today followed the group’s announcements on Oct 5, 2020 and Nov 17, 2020 on AAJ's cessation of operations and filing of bankruptcy proceedings respectively due to the impact of the Covid-19 pandemic on the global aviation sector.

On Oct 5, 2020, AirAsia Group said AAJ's board of directors had on that day notified AirAsia Group on the AAJ directors’ decision to cease AAJ's operations with immediate effect.

"We respect and have agreed to the decision made by AAJ as this would reduce the cash burn of AAJ and the company (AirAsia Group) amid the highly challenging operating conditions in Japan which have been aggravated by the Covid-19 pandemic that has plagued the world since early this year,” AirAsia Group said then.

Posted by StartOfTheBull > 2023-09-21 13:43 | Report Abuse

SSLee, king of copy and paste.

Posted by geary > 2023-09-21 13:45 | Report Abuse

OldReader74
You know karma. It's sslee karma to get stuck insas from all his wrongdoings. Hehehe
Not only that, lost heavily in XingQuan, Serbadk(maybe) n Jaks(KYY got cheated in Jaks, millions), plus others.
Of course investing n trading there are risks, u need to manage it!?
I see they are behaving very strange, probably they want to buy CAPITALA at COVID market value @0.60/0.70/0.80/ n below @0.90.!?
They didn't buy gradually, MiSS those chances!?
Now they are barking at the Wrong Tree!?
Actually they don't know the criteria for PN17 delisting, just anyhow bark, hiss n scamming in CapitalA forums!?
Just few Grumpy Grandpa, just Ignore them!?
I give some clues lah, no default on loan obligation, plus timely quarterly/yearly, clean reports, n sales/revenue, above #25% of Total Assets, plus at least #3Q of Positive Earnings is good enough!?
🤔🥴👌🙏🚀

Posted by Sslee > 2023-09-21 14:03 | Report Abuse

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.

Posted by paulthesotong > 2023-09-21 15:51 | Report Abuse

Welcome Cambodia..

https://www.khmertimeskh.com/501363710/airasia-cambodia-to-rejig-countrys-aviation-industry-soon/

Posted by geary > 2023-09-21 16:39 | Report Abuse

paulthesotong
Welcome Cambodia🚀
Really Optimistic of CapitalA Bhd, AA Brand will flourish in ASEAN is really 👍👌🤔🙏🚀
Plus Regularisation Plan already gathered, ready to be submitted 🤔👌👍
Core business in Aviation is intact n winning again plus all subsidiaries, plus further expansion, are Winning Also👌👍
Sales/Revenues are Up, above #25% of its Total Asset, that's reasonable Asset Turnover, profits are positive the past 3 quarters.
PN17, will be gone in six months time👍🙏🤔🚀🤑
Why because CAPITALA core business n subsidiaries wasn't sold, many PN17 companies don't have a product/service that can generate revenue n profit, like CAPITALA 🤔🤑🚀
Plus all its private placement, bond, creditors, all paid accordingly n on time. No Default👍
Market Capitalization still above the critical @0.75/share threshold.
Institutions, funds, private investors, n public shareholders, have confident, holding CAPITALA 👍
Huge Debt can be gradually paid, so it takes some time to be Equity Positive.
👍🤔🙏🤑🚀

Posted by paulthesotong > 2023-09-21 16:40 | Report Abuse

Today he wants to educate us what is turbulence? buckle up!

Posted by geary > 2023-09-21 17:07 | Report Abuse

paulthesotong
Today he wants to educate us what is turbulence? buckle up!
Be Optimistic of CapitalA Flight Turbulent, we will Prevail all these Risks, Trials n Tribulations 👍🤔🚀
All shareholders will be rewarded handsomely, we just pray for better tomorrow, after this COVID Turbulent , it's just unfortunately n unforseen.🙏
The Key Point, is Core Aviation n its Subsidiaries are growing in Sales n Profit.
Just fasten all your Seat Belts, be Patient.
Today the trading volume is the lowest, past two weeks!?
But market value, still there for us to make an analogy 🤔
It's pivoting Now, the only way is Up🚀
Of course it's Liquidity, that's big trading volume of willing buyers n sellers. Bidding/Asking 🤔🤑
Patience x🤔🙏🚀

Posted by geary > 2023-09-21 17:54 | Report Abuse

Cambodia Khmer Times, 21st Sep. '23. Latest News 👍
CapitalA, the company said that job creation is a key focus at this time. “The airline has not only recruited 40 cabin crews, pilots and operational staff but has also made substantial investments in their training. This approach not only creates employment opportunities but also enriches the skills and expertise of the local workforce. It is a testament to our commitment to contribute positively to Cambodia’s economic growth.”
Tony Fernandes.

“Aligned with AirAsia, the ASEAN airline’s tagline,
‘Now Everyone Can Fly’,
AirAsia Cambodia is steadfast in its goal to make air travel an affordable and accessible mode of transportation for every Cambodian.”

The commitment is a breath of fresh air for many who have longed for the opportunity to explore their nation and the wider world by air.
Khmer Times Cambodia.
😮
CAPITALA Monthly Momentum 🤔
S1: 0.980.
PIVOT: 1.02.
R1: 1.20.
R2: 1.42.
R3: 1.68.
Disclaimer: Trade at your own Risk👌

Posted by geary > 2023-09-21 19:33 | Report Abuse

Sslee
Still camnot answer a simple question what you mean above #25% of Total Assets? What is current capA total Assets ? But on Cambodia🚀
Sslee Mind explain what you mean above #25% of Total Assets?

U don't deserve my answer, because u ain't CapitalA shareholders. Plus u are a running dogs, enemy of CapitalA. Worst than a troll, probably a goblin 👺
I will answer, only after u sell your mediocre return in Insas, n buy/hold CapitalA Bhd.🤔👌🚀
Or maybe u can sell your XingQuan, pink slips, offer at #0.01/share. Probably Nobody will buy from U🤔🤮
Please wake lah🙏 Don't ask too many questions, like Citizens from India in United Nation. Only Indian like to ask many questions, because they are trained from kids🥴
Probably they want to seek, many things, it's okay, because they want to know Why!? The Earth is Round n not Flat😮👍👌🙏🚀

Posted by OldReader74 > 2023-09-21 20:07 | Report Abuse

Be humble and ask politely and you may get answer. But then not everyone willing to spend personal time in public forum. You see, people busy with life, work, children, traffic jam, friends. This forum for certain ppl, they login whenever they remember and have time

Posted by OldReader74 > 2023-09-21 20:08 | Report Abuse

Even login, these certain people read non sense questions also lazy to answer. Time is money and also better spend with children, parents and not some maniac in public forum. Hehehe

Posted by geary > 2023-09-21 22:58 | Report Abuse

Expansion n Contraction of money, Liquidity:
High liquidity means that there are a large number of orders to buy and sell in the underlying market. This increases the probability that the highest price any buyer is prepared to pay and the lowest price any seller is happy to accept will move closer together. In other words, the bid-offer spread will tighten.
CapitalA average trading volume Must be above #30M; with more buyers then sellers, then market value will move Upward gradually, technically those who bought/hold below #0.88, probably the timing is approximately 👍
But we need to 🙏; hopefully with high liquidity n buyer volume,
CapitalA market value will shoot🚀🙏😴

Posted by Johnchew5 > 2023-09-22 06:07 |

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Posted by Johnchew5 > 2023-09-22 06:21 | Report Abuse

合盈证券收入减　英莎末季净利暴跌近74%
Orientaldaily Wed, Aug 30, 2023 07:25pm - 5 days



（吉隆坡30日讯）英莎（INSAS，3379，主板金融股）2023财政年末季（6月30日结账）净利按年暴跌73.93%，至3333万令吉；营业额也按年跌13.9%，至4253令吉。
财报透露，末季业绩按年大跌是因为合盈证券企业谘询费用收入减少，以及去年同期脱售联号公司所有股权录得1亿3130万令吉一次性收益，托高了对比基数。


该公司全年净利跌42.95%，至1亿2274万令吉；全年营业额则是2亿1684万令吉，比上年略高0.2%。

Posted by Johnchew5 > 2023-09-22 06:22 |

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Posted by Sslee > 2023-09-22 06:23 | Report Abuse

When someone tell you don't ask questions just buy, it can only mean he is desperate to dump his holding to you.

So keep asking questions and think, never swallow snake oil saleman story hook, line, and sinker.

Posted by Johnchew5 > 2023-09-22 06:23 |

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Posted by Johnchew5 > 2023-09-22 06:33 |

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Posted by Johnchew5 > 2023-09-22 06:39 |

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Posted by Sslee > 2023-09-22 06:41 | Report Abuse

Can someone just summary what he want to say about Insas in one comment page and not flooding the whole capA forum with his cut and paste nonsense?

Most likely he do so on purpose to confuse people when he cannot convience people. By the way this is capA forum.

Who care about Insas?

Please go jaks forum to learn how I summarise jaks in one (1) comment page.

Posted by Johnchew5 > 2023-09-22 06:47 |

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Posted by Mabel > 2023-09-22 07:03 | Report Abuse

https://www.thesundaily.my/business/tony-fernandes-open-to-having-santan-becoming-mas-in-flight-catering-partner-GE11514615

“If AirAsia and Malaysia Airlines work together, we could do so much business together. That kitchen can go to Thailand, it can go everywhere"

Now Everyone Not only can Fly.. They can Eat too..

Hebat Air Asia!

Captain Mabel Meow

Posted by Johnchew5 > 2023-09-22 07:06 |

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Posted by mf > 2023-09-22 07:28 | Report Abuse

Dow Jones

Dow Jones Industrial Average

34,070.42

-370.46

1.07%

Nasdaq

NASDAQ Composite

13,223.98

-245.14

1.82%

Posted by Sslee > 2023-09-22 09:07 | Report Abuse

The fat lady has another 2 weeks to practice singing my way or highway before curtain down on 7 Oct 2023 for capA.

Posted by Johnchew5 > 2023-09-22 09:39 |

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Posted by Johnchew5 > 2023-09-22 10:10 | Report Abuse

Stock: [CAPITALA]: CAPITAL A BERHAD
6 days ago | Report Abuse
Referenced to QR dated June 2023 : 



A) Aircrafts maintenance provisions and liabilities = RM 6.67 Billion 




B) Lease Liabilities = RM 19.71 Billion 





C) Borrowings = RM 3.69 Billion



> Right of Use Assets : RM 12,449,517 ,000 ( 12.45 Billion)


D) Profit = RM 1.1 Billion


===

Current Ratio = 2,269,900,000 / 14,208,631,000 = 0.16

Posted by Johnchew5 > 2023-09-22 10:10 |

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Posted by Johnchew5 > 2023-09-22 10:12 | Report Abuse

Stock: [CAPITALA]: CAPITAL A BERHAD
6 days ago | Report Abuse
Capital a


>> Referenced to QR dated Dec 2022 :

A) Aircrafts maintenance provisions and liabilities = RM 6.44 Billion


B) Lease Liabilities = RM 15.01 Billion



C) Borrowings = RM 2.91 Billion


D) Profit = RM 256.2 million


—


> Referenced to QR dated March 2023 : 



A) Aircrafts maintenance provisions and liabilities = RM 5.97 Billion 




B) Lease Liabilities = RM 14.91 Billion 





C) Borrowings = RM 2.91 Billion



> Right of Use Assets : RM 10,108,842,000 ( 10.108 Billion)


D ) Profit : RM 57.1 million


===


Referenced to QR dated June 2023 : 



A) Aircrafts maintenance provisions and liabilities = RM 6.67 Billion 




B) Lease Liabilities = RM 19.71 Billion 





C) Borrowings = RM 3.69 Billion



> Right of Use Assets : RM 12,449,517 ,000 ( 12.45 Billion)


D) Profit = RM 1.1 Billion


===

Current Ratio = 2,269,900,000 / 14,208,631,000 = 0.16

Posted by paulthesotong > 2023-09-22 10:13 | Report Abuse

CapA always had debt...its s cyclical share end of the 4Qtrs its back if travel is healthy the others catalyst ts bis/leisureb travel if that increase.

Posted by EatCoconutCanWin > 2023-09-22 10:24 | Report Abuse

Sell santan can make money. Must trust from coconut. Target price rm1.88

Posted by Sslee > 2023-09-22 10:26 | Report Abuse

If profit RM 1.1 billion then why NAPS deteriorate from RM negative 1.33 to RM negative 2.01?

Posted by StartOfTheBull > 2023-09-22 11:02 | Report Abuse

2 ahkua playing each other buntutt in forums, who get more syiok?

Posted by Johnchew5 > 2023-09-22 12:57 |

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Posted by EatCoconutCanWin > 2023-09-22 13:06 | Report Abuse

Pak Tua not joining. Sell or hold

Posted by Johnchew5 > 2023-09-22 15:21 |

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Posted by geary > 2023-09-22 18:47 | Report Abuse

StartOfTheBull
2 ahkua playing each other buntutt in forums, who get more syiok?
2 hours ago
Yaloh!?
Still barking n hissing, for so many days...but market value still above @1.00!?
That's to confirm, institutions, funds, investors, above #22%, private investors n insiders, altogether around #64%...are still holding tightly CAPITALA 🤔👍
Only half of public investors are still Voting...still considering or 'hit n run'...we shall see after Oct. 7... what's the actual market value...🤔🙏🚀
Positive Points to Ponder:
1. Core Aviation business is intact.
2. Sold one or two subsidiaries, around #10%, plus restructuring to be more efficient.
3. Compromised n negotiated with creditors, no Default.
4. Business services still generating cash flow from operation, for the latest @3 quarters.
5. At least #3Q of positive earnings or profits.
6. Asset Turnover above #0.25% minimum for service industry.
7. Additional business diversification, n expansion into Aviation Services, Teleport, ADE Engineering, SuperApp/BigPay, n AA Ventures. Additional cash flow from operation. Probably FY '24; Cash flow of around #3.3bn.
8. Well diversify n become more resilience against another crisis/pandemic.
9. Forward Earnings Growth Prospects is optimistic or trending Upward
10. All the above points(Regularisation Plan), will qualify for Rehabilitation Plan, probably will exit PN17, by FY'24.
🤔🤑👍🙏🚀