Posted by Balian de Ibelin > 1 month ago | Report Abuse

With Free Money, liabilities are always randomised to the how much you say it is.

whether RM20 Billion or RM40 Billion is not relevant since you do not need to pay for it, its Free Money

Posted by Balian de Ibelin > 1 month ago | Report Abuse

So far Communism style Free Money had been working for CapA. 🤣

Posted by DickyMe > 1 month ago | Report Abuse

So, accounting is fraud?

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Accounting is certified by auditors,
but Liabilities are not payable since Lessors do not want the payment at all from CapA
so the Total amount of liabilities are randomised by the amount that Lessors refused to take the money from CapA

wonderful right?

Posted by DickyMe > 1 month ago | Report Abuse

"..since Lessors do not want the payment at all from CapA"
=====================
How is CapA responsible if they refuse payment??🤔

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Exactly!!
In Communism, no one is responsible for anything. Its Everybody punya fault.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

according to sslee, Lessors and shareholders like mike🐀 only want RM0.005 for every RM1.00 owed.
the rest of the money RM0.995, they refused to accept payment
so Lessors and shareholders like mike🐀 refused money for the Greater Good, Communism style. 🤣

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by geary > 1 month ago | Report Abuse

CapitalA Weekly Pivots Summary:
S1: 0.80.
PIVOT: 0.85.
R1: 0.89.
R2: 0.94.
Dis: Trade at your own Risk!

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Balian de Ibelin > 1 month ago | Report Abuse

whenever I see any homosexual puppy love crush, I always find it very weird.
come on, posting at 3am in the morning?
go and get your own real life gay boy rather than be fixated on virtual sslee at 3 am on a Sunday morning 🤣

Posted by StartOfTheBull > 1 month ago | Report Abuse

Abnormal criticism from SS 🐁 Lee. This is usually happen when his old mate Balia de Licker is here.

Balian de Ibelin

13,648 posts

Posted by Balian de Ibelin > 11 hours ago | Report Abuse

anyhow I was shocked the global warming turbulence had started 50 years ahead of time.
In future all airlines died violently, only way to travel is by sea.


Sslee

5,374 posts

Posted by Sslee > 11 hours ago | Report Abuse

In the future you only need AA' teleport to teleport yourself and your luggage to any destination.

Posted by Sslee > 1 month ago | 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

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago | Report Abuse

AirAsia Newsroom
https://newsroom.airasia.com › news
Teleport is making affordable next-day delivery a reality for all
13 May 2024 — Teleport, an integrated logistics provider, is making affordable next-day delivery a reality for all businesses in Southeast Asia, with the ...

Posted by Sslee > 1 month ago | Report Abuse

By the way what do you expect someone with no job, no wife, no children and still staying in parent house to spend his lonely time at 3 am on a Sunday morning?

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by StartOfTheBull > 1 month ago | Report Abuse

Ok. So you are movie director, Balia de Licker is producer.

Sslee

5,376 posts

Posted by Sslee > 16 minutes ago | 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

Posted by Mikecyc > 1 month ago |

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Posted by Sslee > 1 month ago | Report Abuse

Do you agree TheBull and The🐀 is a perfect match made in heaven?
Wish them all the best of luck.

Posted by StartOfTheBull > 1 month ago | Report Abuse

Truely, 64 years old lonely in Medan, Sumatra cannot stand. So Balia de Licker does the workout from behind SS 🐁 Lee.

Posted by Sslee > 1 month ago | Report Abuse

Needed me to say more on TheBull and The🐀?
They even think alike and act alike, so are they do the workout from behind very often?

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by StartOfTheBull > 1 month ago | Report Abuse

When Balia de Licker is around SS 🐁 Lee tend to be very daring. When Balia de Licker disappeared for some time, SS 🐁 Lee will behave very timid.

Posted by Mikecyc > 1 month ago |

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Posted by Sslee > 1 month ago | 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 > 1 month ago | Report Abuse

Delivery of our first AirBus A320 neo..

Posted by Mikecyc > 1 month ago |

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Posted by Mikecyc > 1 month ago |

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Posted by Sslee > 1 month ago | 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 > 1 month ago |

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Posted by Sslee > 1 month ago | 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 > 1 month ago |

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Posted by Mabel > 1 month ago | 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 > 1 month ago | 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 > 1 month ago | Report Abuse

Top Thai Budget Carrier Expects 2024 Core Profit to Hit Record

Posted by Mabel > 1 month ago | 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 > 1 month ago | Report Abuse

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

Posted by Sslee > 1 month ago | 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 > 1 month ago | 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 > 1 month ago | Report Abuse

Tony Fernandes: Capital A expects better performance in 2H24