Posted by Vicky > 2023-12-01 13:39 | Report Abuse

PN17 not yet lifted up. No banks or institutions will buy. Only dumbass will !

Posted by Mikecyc > 2023-12-01 13:42 |

Post removed.Why?

Posted by Sslee > 2023-12-01 13:42 | Report Abuse

Definition: Intrinsic value is the Present value of the investment of all the expected cash flow over the lifetime discounted at the appropriate discount rate.

Intrinsic value = (CF1/ (1+d)^1) + (CF2/(1+d)^2) + ----- +(CFn/(1+d)^n)

Where:
CF = Cash Flow in the Period
d = Discount rate
n = The period number
This Intrinsic value is actually a Discounted Cash Flow (DCF)
Example of intrinsic value is then the Sum of DCF expected cash flow from varies business streams/Divisions.

geary mind telling us what will be the free cash flow of ech division for you to derive at capA intrinsic value of:
Estimated: US$4B.!?

By the way where will capital A international get it profit and how much profit per year?

Repost:
Posted by Bruce_Wayne > Nov 1, 2023 11:17 PM | Report Abuse

However, Brand AA is a RM2 paid-up capital with zero revenue and Fleet Consolidated Pte Ltd is a newly incorporated company that has yet to file annual returns or financial statements (read also as no revenue).

So 2 shell companies with zero value shall have a 'indicative valuation' of US1 Billion when listed in Nasdaq?!!!

BTW Aetherium Acquisition is also a 2 man show company with non-clickable filings
( https://www.aetheriumcorp.com/public-filings )

---

Brand AA Sdn Bhd (previously AAD Data Sdn Bhd)

FYE 31-12-2022

Balance Sheet Items (RM)
Non-current assets __________________ 0.00
Current assets _________________________ 0.00
Current liabilities _____________________ 81,977.00
Share capital _________________________ 2.00
Reserves _______________________________ 0.00
Retained Earning ____________________ -81,979.00

Income Statement Items (RM Millions)
Revenue _______________________________ 0.00
Profit / (loss) before tax _____________ -46,971.00
Profit / (loss) after tax _______________ -46,971.00
---

Name:FLEET CONSOLIDATED PTE. LTD.
UEN:202313504D
Status: LIVE COMPANY
Address: 77 ROBINSON ROAD, #16-00, ROBINSON 77, SINGAPORE 068896
Industry : RENTING OF AIR TRANSPORT EQUIPMENT WITHOUT OPERATOR (EG AIRPLANES WITHOUT OPERATOR)

Annual Return: N.A
Annual General Meeting: N.A
Financial Statements Filed: N.A

"N.A" means that the company has not filed any AR with ACRA.

https://www.tis.bizfile.gov.sg/

Posted by Sslee > 2023-12-01 13:53 | Report Abuse

As a PN17 company capA is facing difficulty to get loans and hence out of necessity an ingenious Finalising revenue bond, which expect to raise USD200 mil cash.

Pledging all the revenue from certain route as collateral (bank into a special account) for the Bond.

Posted by Mikecyc > 2023-12-01 14:15 |

Post removed.Why?

Posted by Sslee > 2023-12-01 14:18 | Report Abuse

You must be kidding if anyone believe what this super slander Mike-tikus word at all.

Posted by Mikecyc > 2023-12-01 14:24 |

Post removed.Why?

Posted by Mikecyc > 2023-12-01 14:25 |

Post removed.Why?

Posted by Mikecyc > 2023-12-01 14:42 |

Post removed.Why?

Posted by Mikecyc > 2023-12-01 14:44 |

Post removed.Why?

Posted by Mikecyc > 2023-12-01 14:46 |

Post removed.Why?

Posted by StartOfTheBull > 2023-12-01 14:48 | Report Abuse

Since AAX has exited from PN17 status, will Lee uses AirAsia to balik kampong for CNY this year?

Posted by Mikecyc > 2023-12-01 14:53 |

Post removed.Why?

Posted by geary > 2023-12-01 14:54 | Report Abuse

My Focus 🤔
Jim Simons and Renaissance made the most money when the markets were panicking.
They knew that this is when the humans who make up the financial markets are at their most irrational🤔😮

“Simons’ phone call is a stark reminder of how difficult it can be to turn decision-making over to computers?!
Jim Simons."

Posted by Sslee > 2023-12-01 14:58 | Report Abuse

Since I can claim my CNY flight ticket from company account, what airline do you think I will choose?

Posted by StartOfTheBull > Dec 1, 2023 2:48 PM | Report Abuse
Since AAX has exited from PN17 status, will Lee uses AirAsia to balik kampong for CNY this year?

Posted by Mikecyc > 2023-12-01 15:00 |

Post removed.Why?

Posted by Sslee > 2023-12-01 15:04 | Report Abuse

Move CEO wants travel brand recognition in post-AirAsia era
By Ram Anand / Bloomberg
01 Dec 2023, 11:02 am

Is Move CEO try to imply post-AirAsia era mean AA is dead and gone/burried for good?

Posted by Mikecyc > 2023-12-01 15:05 |

Post removed.Why?

Posted by geary > 2023-12-01 15:05 | Report Abuse

Jim Simons,
1. "Be guided by beauty. Just as a great theorem can be very beautiful, a company that's really working on all things very efficiently can be beautiful."

2. "Surround yourself with the smartest and best people you possibly can. Let them do their thing, don't sit on top of them. And if they're smarter than you, all the better."

3. "If everyone is trying to solve the same problem, if that's the latest and greatest thing to do, don't do that. Do something original, don't follow the pack."

4. "Don't give up easily, stick with it. Not forever, but really give it a chance to get where you're going."

5. "The final principle is 'hope for good luck.' That's the most important one."

Posted by Sslee > 2023-12-01 15:05 | Report Abuse

I3lurker what is 515?

Posted by Mikecyc > 2023-12-01 15:07 |

Post removed.Why?

Posted by Mikecyc > 2023-12-01 15:08 |

Post removed.Why?

Posted by Sslee > 2023-12-01 15:20 | Report Abuse

5."The final principle is 'hope for good luck.' That's the most important one."

Geary, if your principle is just hope for good luck then you are destined for failure.

LUCK is when Preparation meets Opportunity and Success is 99% hard work + 1% good luck

“Hope for the best and be prepared for the worst” is a quote by Maya Angelou. Lee Child said, “Hope for the best, plan for the worst”. Zig Ziglar said, “Expect the best prepare for the worst”. Why is it good to be prepared for the worst because, by preparing for the worst, you can reach your goals much more smoothly and you can put more of your energy in having positive attitude knowing that you have covered any eventualities and lessening the negative chatter in your head.

Posted by Mikecyc > 2023-12-01 15:30 |

Post removed.Why?

Posted by StartOfTheBull > 2023-12-01 15:39 | Report Abuse

Lee, use AirAsia.

Posted by xskyriver > 2023-12-01 16:04 | Report Abuse

sslee is a kind person, although he does not like AirAsia but I believe he will still help AirAsia to reduce AirAsia loss, by choosing Malaysia Airline to fly balik kampung.

Posted by The_JQuestion > 2023-12-01 16:10 | Report Abuse

Nadia was appointed as Move CEO effective Oct 26 this year. Her previous corporate experience ranged from Procter & Gamble, Nestle and PepsiCo.
no worry beauty queen Nadia will save us... Tony knows what we all want. We are surely in good hands

Posted by The_JQuestion > 2023-12-01 16:24 | Report Abuse

the face alone worth 2.0++ go cap A lets MOVE !

Posted by Sslee > 2023-12-01 16:58 | Report Abuse

At least geary try to talk about intrinsic value but if you value the company by face then you need a lot of hope for good luck.


Posted by The_JQuestion > Dec 1, 2023 4:24 PM | Report Abuse
the face alone worth 2.0++ go cap A lets MOVE !

Posted by paulthesotong > 2023-12-01 17:13 | Report Abuse

Even GOM wants to help

https://theedgemalaysia.com/node/692305

Posted by Mikecyc > 2023-12-01 17:51 |

Post removed.Why?

Posted by The_JQuestion > 2023-12-01 18:18 | Report Abuse

disgusting old man talk HAHAHA is that how u talk with ur old gangs? hello this is a public forum :))
too bad this old cock like an old face like moodin ... he dont like to see fresh face, HAHAHAH sad living in an old rock
capital A is MOVE -ing without u sslee/bob/rr88/lookerss

Posted by The_JQuestion > 2023-12-01 18:18 | Report Abuse

what??? crying with losses and barely inch down 0.57% ??? what say u master shifus? always showing ur clueless ness and nvr admit it :))

Posted by Janus Mun > 2023-12-01 18:51 | Report Abuse

Hodl!

Posted by Sslee > 2023-12-01 19:03 | Report Abuse

Is Kenanga Analyst clueless and still talking about capA divest its aviation group to AirAsia X in exchange of shares to be distributed back to its shareholders?

Source : KENANGA
Stock : CAPITALA Price Target : 0.84 | Price Call : HOLD
Last Price : 0.865 | Upside/Downside : -0.025 (2.89%)

CAPITALA’s 9MFY23 results disappointed as the rebound in air travel fell short of expectations. We share its optimism that the recovery in air travel will further accelerate moving into 2024. It is unveiling its PN17 regularisation plan by end-2023. We now forecast a net loss of RM33m (from a profit previously) in FY23F but keep our TP of RM0.84 and MARKET PERFORM call.

It reported a core net loss of RM291m in 9MFY23, against our full-year net profit forecast of RM201m and the full-year consensus net profit estimate of RM155m. The variance against our forecast came largely from the rebound in air travel falling short of expectations.

The key takeaways from the analysts briefing yesterday are as follows:
1. It is on track to announce PN17 regularisation plan by end Dec 2023 with completion expected by 2QCY24. We gathered that it plans to divest its aviation group to AirAsia X in exchange of shares to be distributed back to its shareholders.

Posted by Mabel > 2023-12-01 19:58 | Report Abuse

Capital A in ‘last stretch’ on finalising PN17 exit plan
BY ISABELLE FRANCIS THEEDGEMALAYSIA.COM

KUALA LUMPUR (Nov 30): Capital A Bhd said it is in the “last stretch” of finalising its Practice Note 17 (PN17) regularisation plan and aims to make a full submission to Bursa Malaysia in “the near future”.

“This careful planning ensures that our restructuring reviews and discussions are thorough, and reflect our dedication to long-term stability and strategic adaptability,” it said in a bourse filing on Thursday.

Bursa Malaysia had granted Capital A its third extension of time — until Dec 31, 2023, this round — to submit its regularisation plan to the regulatory authorities.

The group had triggered the criteria for PN17 in July 2020, after its external auditors EY issued an unqualified audit opinion with material uncertainty relating to going concern in respect of its audited financial statements for FY2019, plus its shareholders’ equity on a consolidated basis was 50% or less of its share capital.

Notably, Capital A had announced earlier this month that it plans to float its AirAsia brand royalty business and aircraft leasing unit in the US through a Nasdaq-listed special purpose acquisition company named Aetherium Acquisition Corp (GMFI) as part of its plans to regularise its financials. The group is seeking an indicative valuation of US$1 billion for the listing exercise.

Last Wednesday, its sister company AirAsia X Bhd exited PN17 status after its appeal was allowed by Bursa Malaysia.

The medium-haul low-cost carrier said the regulator would allow the group’s appeal and exempt it from submitting a regularisation plan if it posted a net profit for the third quarter ended Sept 30, 2023; it reported a net profit of RM5.56 million, down 77.83% compared with RM25.09 million posted for the same period last year due to higher aircraft fuel expenses and maintenance and overhaul costs.

While investors on Bursa Malaysia await Capital A’s regularisation plan, the group said it is considering various financing options for its operations in Indonesia and the Philippines, which could include an imminent initial public offering (IPO) for AirAsia Philippines and further equity raising from AirAsia Indonesia.

This comes after the airline business accessed the third instalment of a loan from Bangkok Bank, with the final settlement expected by the end of this quarter.

In addition, a US$200 million revenue bond intended for expansion of the aviation business is in progress, said the group.

“In the meantime, AirAsia MOVE is nearing the end of its due diligence for an investment by a private equity, and Teleport has recently secured their approved loan to enhance its working capital,” the group said.

Capital A chief executive officer Tan Sri Tony Fernandes had previously indicated that the AirAsia Philippines unit is planning an IPO for 2024, revisiting a fundraising strategy that was put on hold multiple times.

Posted by ken2004 > 2023-12-01 20:06 | Report Abuse

Seriously, people buy for the potential............which this part whether the company in the coming year will earning big bucks or not..........

Posted by ken2004 > 2023-12-01 20:08 | Report Abuse

Just like you compare with other company earning profit but why their price cannot compare with capiala even though the company is not pn17 or even in debt? because the earning potential show here.........but definitely if you don't believe they will be earning next year, then you can forget about this company........

Posted by Sslee > 2023-12-01 20:13 | Report Abuse

HLIB research also said that Capital A is expected to undertake a disposal exercise that will involve AirAsia X, which recently had its own PN 17 status uplifted.
Capital A is also exploring the listing of Philippines AirAsia Inc and PT Indonesia AirAsia.

Is HLIB research clueless that PT Indonesia AirAsia is a listed company in Indonesia?

AirAsia Indonesia Tbk PT
IDX: CMPP
OverviewCompareFinancials
131.00 IDR −5.00 (3.68%)today
1 Dec, 4:01 pm GMT+7 • Disclaimer
Open
136.00
High
136.00
Low
127.00
Mkt cap
1.40T
P/E ratio
-
Div yield
-
52-wk high
230.00
52-wk low
113.00

Posted by Mabel > 2023-12-01 20:51 | Report Abuse

Capital A Berhad

Share Price 7 Day 1 Year
0.86 -0.6% 54.5%

Third quarter 2023 results:

Revenue: RM4.23b (up 116% from 3Q 2022).
Net loss: RM178.8m (loss narrowed 80% from 3Q 2022).

Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Airlines industry in Asia.

Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.

Thank you Magician Tony!

Captain Mabel Meow

Posted by Sslee > 2023-12-01 21:00 | Report Abuse

Know how many IBs analyst is cutting their projected earning for 2023, 2024 and 2025?

What had gone wrong with CapA when many other airlines are earning big profit and talking about rewarding their employees with many months of year end bonus?

Posted by ken2004 > Dec 1, 2023 8:06 PM | Report Abuse
Seriously, people buy for the potential............which this part whether the company in the coming year will earning big bucks or not..........

Posted by Sslee > 2023-12-01 21:31 | Report Abuse

KUALA LUMPUR (Nov 30): Analysts are expecting wider losses for Capital A Bhd for the financial year ending Dec 31, 2023 (FY2023), after its recent nine-month results missed consensus, in line with lower-than-expected rebound in air travel.

The Practice Note 17 (PN17) company posted a core loss after tax and minority interest (Latami) of RM222.8 million for the third quarter (3QFY2023), significantly impacting the 9MFY2023 results, which stood at a RM652.2 million loss, due to lower yields, surge in fuel prices and the US dollar strengthening against regional currencies.

Hong Leong Investment Bank (HLIB) Research said the results came below its projected profit after tax and minority interest (Patami) of RM90.8 million, and the consensus forecast of RM155 million for FY2023.

This prompted HLIB to revise downward its earnings forecasts to a RM550.2 million loss against its previous estimate of RM90.8 million for Capital A’s FY2023 performance.

Posted by Realrich > 2023-12-02 09:19 | Report Abuse

Oh capital a big losses again?

Posted by BobAxelrod33 > 2023-12-02 09:23 | Report Abuse

You just changed glasses???? can see better now? Or just woke up?

Posted by StartOfTheBull > 2023-12-02 10:05 | Report Abuse

https://www.sinchew.com.my/news/20231201/finance/5167916

Posted by Mabel > 2023-12-02 10:36 | Report Abuse

StartOfTheBull https://www.sinchew.com.my/news/20231201/finance/5167916
02/12/2023 10:05 AM

Haha nice BUY call from Mabel's Tiger Bank!

Thank you Mr Bull!

Certainly our CapitalA is a BULL in the making

Thank you Uncles and Aunties for selling to Mabel yesterday at 84 sen. Too bad no Uncles and Aunties wang to sell to Mabel at 83.5 and 83 sen

To Our Success!

Meow Meow Meow

Posted by Mabel > 2023-12-02 10:54 | Report Abuse

Usually the Chinese Business News paper has more analysis in their reporting. Please to see MY F1 Magician Good boys are progressing well. Capital A, could have made a breakeven this Qurater if not for the 16% surge in the Oil Price. Despite this shortcumming, they still deliver fantastic Third quarter 2023 results:

Revenue: RM4.23b (up 116% from 3Q 2022).
Net loss: RM178.8m (loss narrowed 80% from 3Q 2022).

With a Nice BUY call from Mabel's Tiger Bank. Happy with yesterday’s collection when CapitalA touches the 200 Moving Average. Here’s the best part, the stock surged up after Mabel’s ordered were filled.

To Our Success!

Captain Mabel Meow

Posted by paulthesotong > 2023-12-02 11:16 | Report Abuse

meow..... Santa sold his sledge n reindeers to buy air tickets.

Is it true.

Posted by paulthesotong > 2023-12-02 11:32 | Report Abuse

oil down <79..planes full, holiday travellers bursting at the seams,plane tickets peaked,,green next

Posted by Mabel > 2023-12-02 11:42 | Report Abuse

Haha Yes Paul...Santa is cumming to town with CapitalA...

Meow Meow Meow