Posted by Mikecyc > 2024-07-07 12:12 |

Post removed.Why?

Posted by Sslee > 2024-07-07 16:00 | Report Abuse

Will email the below follow up clarification questions:

Referring Appendix 2 to the Minutes of the 7th AGM ISSUES RAISED BY THE SHAREHOLDERS

Question 4: External Auditor please explain the different FYE 2022 current lease liabilities is RM4,340,844,000 in FYE 2023 why total amount (lease) recognised in profit or loss: RM 2,445,438,000. Payment of lease liabilities in cash flow: RM (2,045,816,000)?
Answer: The FYE2022 current lease liabilities include unpaid outstanding lease.
The cash flow in FY2023 represents the actual amount paid by the Group.
The Profit and Loss items relate to interest on lease, depreciation on Right of Use assets and short term lease expense

Question 5: External Auditor what it means by included in lease liabilities are lease rental payables amounting to approximately RM 2,810 million?
Answer: This pertains to the outstanding amounts of lease rental due and payable owing to the lessors that remained unsettled as at 31 December 2023

Question 9: External Auditor, from Sales in advance: RM 2,025,298,000, Proceeds from borrowings: RM 1,273,030,000 yet the Group only managed payment of lease liabilities: RM 2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM 4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?
Answer: For the due and payable lease payments for FYE2022 and prior year, the amount is recorded within trade and other payables in FY2023

Follow up clarification
External auditor, are the answers given on above implied as long as lessors agreed to roll over unpaid lease payment due then the income statement (P&L) accounting recognised only RM 2,445,438,000 (interest on lease, depreciation on Right of Use assets and short term lease expense) instead of the full amount Financial Year Ended 2022 current lease liabilities of RM 4,340,844,000?

Isn’t that distorted the financial income statement and the profit/(loss) for Financial Year Ended 2023?


Question 23: External Auditor, by acquiring the 60% PAA how many billions net liabilities was transferred from PAA to the Group and how many billion negative equity from Non-controlling interest was transferred to shareholders’ equity?
Answer: A total of approximately RM 2.3 billion has been transferred as a result of the acquisition

Question 25: Referring below link:
PART D – ACQUISITIONS AND DISPOSALS
https://www.bursamalaysia.com/sites/5bb54be15f36ca0af339077a/content_entry5ce3b50239fba2627b2864be/5ce3b5c439fba264f32eb401/files/MAIN_Chap10_COI_Ors__26May2023_.pdf?1685095256
External Auditor is acquisition of 60% PAA valuation percentage ratio below 5%, above 5% but below 25% or above 25% as defined by above Bursa Chapter 10: Transactions?
Answer: The valuation percentage ratio falls within the range of 2.24%, this aligns with the criteria outlined in Chapter 10: Transactions of the Bursa Malaysia Listing Requirements

Follow up clarification:
The Group paid USD16 million to acquire 60% PAA from JV local partner F&S Holdings, Inc and resulted in a total of approximately RM 2.3 billion net liabilities was transferred from PAA to the Group/negative equity from Non-controlling interest was transferred to shareholders’ equity and yet the transaction valuation percentage ratio falls within the range of 2.24%. External Auditor please kindly shows the calculation how you get this 2.24% valuation ratio?

Posted by paulthesotong > 2024-07-08 15:08 | Report Abuse

Delivery of our first AirBus A320 neo..

Posted by Mikecyc > 2024-07-08 18:50 |

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Posted by Mikecyc > 2024-07-08 18:53 |

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Posted by Mikecyc > 2024-07-08 18:57 |

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Posted by Sslee > 2024-07-08 19:01 | Report Abuse

Question 17: Referring below Q1 2023 presentation:
Well positioned for growth with a total of 362 aircraft in orderbook to
be delivered in the next 12 years. 73 aircraft have already been secured financing through Sales and Leaseback (SLB) arrangements with several lessors.
BOD what is the latest status on the above?

Answer: As of now, there have been no changes since the last update.

Posted by Mikecyc > 2024-07-08 19:15 |

Post removed.Why?

Posted by Sslee > 2024-07-09 07:31 | Report Abuse

Only low IQ Mike-tikus never read and thought the 362 planes already paid for and belong to capA. Isn't he a dumbass?
Someone's ball is in the hand of the lessors.

We have assessed the Net Current Liabilities position for the purpose of going concern, and as disclosed in Note 2.1, the going concern of the Group and the Company is dependent on the successful implementation of the Revenue Bond Program, and also the continuous support by the lessors.

BOD what are the reasons aircraft lease companies/lessors demand
for the conversion of outstanding lease payments of USD240 million
(approximately RM1.1 billion) into bond (Tranche 1)?
Answer:The lessors did not demand the conversion of outstanding lease amounts into Revenue Bonds. The Revenue Bonds structure was introduced by AirAsia as a restructuring solution to manage these amounts. This approach helps us address financial obligations sustainably while providing lessors with regular income through the bonds.
We believe this strategy supports our long-term stability and operational flexibility.

Posted by Mikecyc > 2024-07-09 09:07 |

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Posted by Mikecyc > 2024-07-09 09:10 |

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Posted by Mikecyc > 2024-07-09 09:14 |

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Posted by Mabel > 2024-07-09 10:41 | Report Abuse

For the 15th year in a row, AirAsia is the top low-cost carrier in the world. The Malaysia-based carrier and its subsidiaries across Southeast Asia operate an all-Airbus fleet.

https://www.businessinsider.com/best-low-cost-airlines-in-the-world-according-to-skytrax-2024-7#1-air-asia-20

Posted by Mabel > 2024-07-09 10:42 | Report Abuse

Thai AirAsia plans more flights to key markets of India, China
Airline expects strong demand will support bookings, airfares

https://www.bloomberg.com/news/articles/2024-07-08/top-thai-budget-carrier-expects-2024-core-profit-to-hit-record?utm_source=google&utm_medium=bd&cmpId=google

Posted by Mabel > 2024-07-09 10:43 | Report Abuse

Top Thai Budget Carrier Expects 2024 Core Profit to Hit Record

Posted by Mabel > 2024-07-09 13:54 | Report Abuse

geary CapitalA Weekly Pivots Summary:
S1: 0.80.
PIVOT: 0.85.
R1: 0.89.
R2: 0.94.
Dis: Trade at your own Risk!
06/07/2024 11:56 PM

Today some nice Uncles match Mabel's queue at 83 and 82.5 sen...

Must be Handsome Uncle Sslee...

Thank you so much...

Posted by Junx Leow > 2024-07-09 14:43 | Report Abuse

Dump more eat more......Very full now

Posted by Sslee > 2024-07-10 07:39 | Report Abuse

Only in Bursa a PN17 company with net current liabilities of RM 12,923,931,000 as at 31/3/2024 and external auditors have assessed the Net Current Liabilities position for the purpose of going concern, and as disclosed in Note 2.1, the going concern of the Group and the Company is dependent on the successful implementation of the Revenue Bond Program, and also the continuous support by the lessors

The market value is still
Market Cap: 3,617 Million
NOSH: 4,305 Million
Avg Volume (4 weeks): 14,041,616
4 Weeks Range: 0.815 - 0.88
52 Weeks Range: 0.64 - 1.12

Posted by SharehlderOppression > 2024-07-10 09:19 | Report Abuse

Airasia is one of Malaysia’s iconic brands. Like it or hate it.
Hope the regulators can give Tony and his team the benefit of doubt.
23,000 Malaysian Jobs are on the line.

Posted by AnthonyAng666 > 2024-07-10 17:17 | Report Abuse

Tony Fernandes: Capital A expects better performance in 2H24

Posted by 80gram > 2024-07-11 08:26 | Report Abuse

need to fix COVID costs...no help from gov at all...so, the least Gov can do now is to let them do their business and fix their balance sheets

Posted by Sslee > 2024-07-11 08:31 | Report Abuse

The problem is how to fix their balance sheet?
The going concern is now at the mercy/pleasure of lessors.

Posted by Sslee > 2024-07-11 08:35 | Report Abuse

Making the matter worst is taking over 60% PAA and resulted in a total of approximately RM 2.3 billion net liabilities was transferred from PAA to the Group/negative equity from Non-controlling interest was transferred to shareholders’ equity.

MANILA -- Philippine budget airline Cebu Pacific is set to buy up to 152 Airbus jets for $24 billion to expand its fleet and meet recovering demand for flights.

How is PAA going to compete with the financially stronger and fast expanding Philippine budget airline Cebu Pacific and turnaround PAA?

Posted by Balian de Ibelin > 2024-07-11 09:20 | Report Abuse

its red
mike🐀 got worried selling to pay Alor massage girl

actually nothing to worry about.
I will propose to Gobermen to sell all highways, all airports, Putrajaya, Cyberjaya and also Parliament House to CapA for RM1.00.

still some money shortfall after all that Gobermen selling; to be paid for by Free Money from Suckers

Posted by Balian de Ibelin > 2024-07-11 09:27 | Report Abuse

Serbadk punya Karim said he intend to pay all them bonds, all creditors also. See what happened?

I say I intend to marry Ms World, Ms Malaysia and or Ms Universe all together in 1 night.

Aetherium says quote "Pursuant to the previous compliance plan, the Company still intends to file Form F-4 " unquote

Ha Ha Ha 🤣

"The compliance plan relied on the Company to file Form F-4 related to the announced Business Combination Agreement with Capital A Berhad signed on February 28, 2024. "

Posted by Balian de Ibelin > 2024-07-11 09:31 | Report Abuse

without confirmation of Billions RM Free Money from Suckers (small s), nothing can be done.

Anyhow, I approve the CapA PN17 extension for another 100 years. 👍😁

Posted by Balian de Ibelin > 2024-07-11 09:55 | Report Abuse

already 4 years of refusal by Master Suckers and suckers (small s) to give RM20 Billion Free Money to CapA.

what is another 2 months extension?

Posted by Pandu1 > 2024-07-12 10:48 | Report Abuse

Transporter (Star Trek)

A transporter is a fictional teleportation machine used in the Star Trek universe. Transporters allow for teleportation by converting a person or object into an energy pattern (a process called "dematerialization"), then sending ("beaming") it to a target location or else returning it to the transporter, where it is reconverted into matter ("rematerialization").

While human teleportation currently exists only in science fiction, teleportation is possible now in the subatomic world of quantum mechanics -- albeit not in the way typically depicted on TV
Only young children will say that. What a same on u.

Posted by Pandu1 > 2024-07-12 10:50 | Report Abuse

What is the price forecast for Capital A?
According to analysts, CAPITALA price target is 1.12 MYR with a max estimate of 1.70 MYR and a min estimate of 0.60 MYR.

Posted by Pandu1 > 2024-07-12 10:51 | Report Abuse

Quite a long time hovering between 84 sen to 90 sen

Posted by The_JQuestion > 2024-07-12 14:30 | Report Abuse

MAstur of calculation ... and numbers and debts
USD going down ⬇️⬇️⬇️ , how much profit will AAX and cap A get once USD reach 4.55-4.60 at q3 , q4 ... with also cheaper FUEL . FLY high HIGH la , round 3 of the year coming !! only for high flyers , not low grounded old men gang

Posted by Pandu1 > 2024-07-12 15:08 | Report Abuse

The_JQuestion. 👍👍👍👍👍👍👍👍👍👍 Hantam 3x

Posted by Pandu1 > 2024-07-12 15:09 | Report Abuse

This old man got 3 hairs left. Just pull off all of them. Balala 3 hairs.

Posted by Pandu1 > 2024-07-12 15:10 | Report Abuse

After the take over Cap A will gain profit millions Rm

Posted by Pandu1 > 2024-07-12 15:18 | Report Abuse

As u all can see Cap A is showing its strength by its price hovering 83 - 87 sen for 1 month. SS pn susah cari mkn. Actually its building d thrust to fly to Rm1

Posted by Sslee > 2024-07-13 06:28 | Report Abuse

The currency profile of borrowings are as follows:
As at 31/3/2024
RM million
Ringgit Malaysia 1,597.7
US Dollar 2,338.4
Philippine Peso 72.9
Thai Baht 734.1
Indonesian Rupiah 37.3
4,780.4

And lease payment in USD and Fuel in USD.
Will RM strengthen to 4.55-4.60?

Stony' wish list for 2024:
Positive outlook on macro indicators
○ Anticipated downward trajectory of brent Crude Oil Price is expected to persist, with prices estimated to reach as low as USD78 per barrel in 2024
○ Expected strengthening of MYR against US Dollar, with an estimated closure at RM4.20-RM4.40/USD by year-end.
○ Market expectations of further interest rate cuts in 2024, advantageous given that 70% of costs are denominated in US dollar
○ The extension of visa-free travel from China through the end of 2025

Will Stony' wish come true.

Posted by Mikecyc > 2024-07-13 08:29 | Report Abuse

China has extended the visa-free policy for short-term visits to the republic for Malaysia and 11 other nations until the end of 2025. The extension aims to enhance exchanges between Chinese and foreign nationals.31 May 2024

Posted by Sslee > 2024-07-13 10:45 | Report Abuse

The fate of capA is on the hand of lessors and the fate of capA shareholder is on capA management to come out with PN17 regularisation plan that is acceptable to Bursa SC.

Without an acceptable PN17 regularisation plan capA delisting is inevitable.

Posted by geary > 2024-07-14 13:30 | Report Abuse

AirAsia Newsroom:
AirAsia Aviation Group Bhd:
Aviation: International travel demand drives strong performance with record 90% load factor and 15.4 million passengers carried(Lessors are salivating n embracing AirAsia)

MOVE Digital: AirAsia MOVE maintains strong user base as average Monthly Active Users surge 19% YoY, BigPay's carded users rise 12% YoY

Teleport: Cargo segment grows 79% YoY, delivering over 63,000 tonnes while daily deliveries reach a new average of 172,000 parcels(Collaboration with ShunFeng freighter, huge potential)

Aviation Services: ADE, Santan and GTR growth is in tandem with AirAsia strong performance(High profit margins, a necessity for airlines)

Magic Accounting in AAX(Uplifted PN17; CapitalA coming Soon...!?)
Fernandes explained, “Turning Capital A’s shareholders’ equity positive, which is a major step forward in exiting Practice Note 17 (PN17), is a welcome benefit but ultimately immaterial in our decision to pursue this proposed divestment. The puzzle of bringing together all AirAsia airlines under a single umbrella had been on our minds for many years and the missing piece has finally arrived in the form of the new-generation Airbus aircraft. Our driving motivation has been to unlock and realise value for our shareholders, though we also remain steadfast in our commitment to emerge successfully from PN17, propelled by our resilience and determination to navigate challenges.

“We have emerged out of the long tunnel called Covid, more resilient, refined and fortified. We have created five great companies– aviation, logistics, digital businesses, aviation services and IP business – all with enormous value and immense potential. I am confident they will evolve into the next AirAsia’s, embodying value and innovation,” he added.

Posted by geary > 2024-07-14 13:37 | Report Abuse

CAPITALA Monthly Pivot Points:
S: 0.68.
PIVOT: 0.85.
R1: 1.08.
R2: 1.35.
R3: 1.88.
Patience is the Only Key!
MAs/Oscillators: Neutral going Positive!?
Mr. Market is Unpredictable!
Dis: Trade at your own Risk!

Posted by The_JQuestion > 2024-07-14 20:01 | Report Abuse

dont worry ... very soon , rewards is coming :)) , meanwhile sit back relax enjoy the show!

Posted by Mabel > 2024-07-15 00:20 | Report Abuse

General Sun Tzu, the ancient Chinese military strategist, offers timeless wisdom that can be applied to investing. Let’s explore a couple of his insights:

o “*Great results can be achieved with small forces*.” This principle applies to investors starting their journey or those with limited funds. Your attitude, effort, and consistency matter more than the initial investment amount. Begin with a small SIP (Systematic Investment Plan) and watch it grow over time.

o “*In the midst of chaos, there is also opportunity*.” Chaos often disrupts markets, but it also creates investment opportunities. Stay calm, assess risks, and look for hidden gems during turbulent times.

Remember, just as in war, investing requires strategy, adaptability, and a long-term perspective.

Meow

Posted by Sslee > 2024-07-15 06:43 | Report Abuse

Warren Buffett once said, “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.”

I would like to add before you invest at least make sure you read the financial report and understand the implication.

By the way at current capA market price of RM 0.84 what is the risk-reward ratio? Is it worth the risk?

Know what, almost every SEA countries now have their own LCC. Gone are the good old day where AA ruLe the sky.

Posted by Balian de Ibelin > 2024-07-15 11:23 | Report Abuse

thats where sslee is always wrong; as usual.

nothing wrong to ass_u_me that Free Money grows on trees intended to be taken free.

nothing wrong to ass_u_me that suckers (small s) intend to donate RM20 Billion Free Money to CapA

nothing wrong to ass_u_me that Aetherium intends to file the F-4
[direct from US Securities Exchange Commission Edgar => Pursuant to the previous compliance plan, the Company still intends to file the Form F-4 before a decision is made on the Company’s appeal to the filing of the Form 25-NSE.]

until today Serba Dinamik punya Karim intends to pay off all creditors and all Bonds 👍😁

I also intend to marry Ms World, Ms Universe, Ms Malaysia all in 1 nite.
I have no idea whether they intend to marry me. 😁

Posted by stncws > 2024-07-15 11:24 | Report Abuse

zzzzzzzzzzzzzzzz

Posted by Mabel > 2024-07-15 12:34 | Report Abuse

Better to move on...

SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.

It's better to move on. Right now, beside good companies like Gamuda Mabel is also looking at Capital A and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE. Mabel loves to be part of their turnaround success stories.

There are two ways to make money...

Dividend Play
Capital Appreciation.

To Our Success

Meow

Posted by Mabel > 2024-07-15 12:35 | Report Abuse

Those with * are the counters Mabel is holding...Hopefully wang day Capital A will cum into this list too...

Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62

To Our Success!

Meow

Posted by Mabel > 2024-07-15 21:50 | Report Abuse

https://www.timeout.com/news/the-worlds-best-international-airline-in-2024-has-been-crowned-071224

And claiming the top spot? It was Mabel's Singapore Airlines. It flies to more than 70 destinations across the world, and was praised especially for its in-flight service and cleanliness.

Soon Capital A will also join this Hall of Fames...

Meow

Posted by ken2004 > 2024-07-16 17:24 | Report Abuse

LOL, not sure why become spamming here already......the pro one like wan to drown out the con one, then the con one want to drown out the pro one lol......keep recycling old news or unrelated news........

Posted by Stocks888 > 2024-07-17 11:37 | Report Abuse

Ada org sedang Simpan 0.84 apa lah kasi pump naik lah oiii