Posted by Balian de Ibelin > 2024-09-02 07:37 | Report Abuse

Note 29 => Fly More Die More

Revenue => 22.52 sen
Cost => 23.18 [costs exceeds revenue, means huge profits🤣]

CapA is incurring huge losses trying to behave like Grab Air with unlimited funds from SoftBank to throw away as losses from airline tickets. 🤣

Posted by Mabel > 2024-09-02 09:35 | Report Abuse

The weekend engagement has been productive with Airlines Investors. In less than 15 minute after market open more than 500,000 Capital A shares are being traded. Despite Capital A climbing +0.65 %, many Investors are Buying this morning. Beside, Capital A could see better results in 3Q amid lower jet fuel prices, coupled with the ringgit's strength against the dollar. Time is about ripe to add more Capital A at VWMA 20. Now Every one Can Fly…

Posted by Mabel > 2024-09-02 09:36 | Report Abuse

Haha tomorrow Mabel also will put her que at 64 sen..

Please sell ya.. Hihihi...

Posted by Sslee > 2024-09-02 09:47 | Report Abuse

To recap, CAPITALA has recently announced disposal of its aviation group to AirAsia X in exchange of shares. The draft circular and notice of Extraordinary General Meeting, outlining the proposed disposal of its aviation business, was submitted to Bursa Malaysia in July for their review and clearance and now awaiting approval from Bursa Malaysia

Do you think Bursa SC will clear a deal that will put AAX into PN17 if AAX can't raise enough capital to recapitalised AAX?

Posted by Mabel > 2024-09-02 10:03 | Report Abuse

Haha Handsome sslee, more than 1 million shares traded oledi this morning...

Every one just want to fly...hihihi

Posted by Mabel > 2024-09-02 10:41 | Report Abuse

https://www.youtube.com/watch?v=sim825dUWuc

Yes Tony, One day we going to get so high….

Posted by Mabel > 2024-09-02 11:15 | Report Abuse

Capital A will breached 3,000,000 shares traded soon..hihihi

Posted by Mabel > 2024-09-02 12:11 | Report Abuse

1st accumulation for Capital A is secured at VWMA 20. Volume already breaches 3,000,000 shares. Collection continues. Now Every One Can Fly…

Posted by Mabel > 2024-09-02 17:30 | Report Abuse

Malaysia Airlines has received multiple bailouts from the Malaysian government over the years. Here are some notable instances:

1998: During the Asian financial crisis, the government injected funds to help the airline cope with the economic downturn.
2002: Another bailout was provided to address financial difficulties and operational inefficiencies.
2014: Following the tragic incidents of MH370 and MH17, Khazanah Nasional, Malaysia’s sovereign wealth fund, took the airline private and implemented a RM6 billion restructuring plan.
2020: Amid the COVID-19 pandemic, the airline received additional financial support to navigate the severe impact on the aviation industry.

In total, it is estimated that the Malaysian government, through Khazanah Nasional, has injected around RM28 billion into Malaysia Airlines over the years.

https://www.nst.com.my/news/government-public-policy/2020/11/644614/rm28-billion-given-malaysia-airlines-so-far

Meanwhile more than 5 million Capital A was traded today. Remember Capital A is more than an airline. It is our investment holding with a broad portfolio of synergistic travel and lifestyle businesses. At least Magician Tony was braved and smart to turn a RM 1 Company into a World Best Low-Cost Airlines without any bail out from Malaysian Taxpayers so that Everyone Can Fly…

When this Airlines is out of PN17 next year, Foreign Fund will start buying this 15X World's Best Low-Cost Airline..

Last week, The top three sectors net bought by foreign investors were financial services (RM1.30 billion), utilities (RM259.7 million), and construction (RM88.7 million).

Captain Mabel Meow

Posted by Mabel > 2024-09-02 17:42 | Report Abuse

https://www.youtube.com/watch?v=sim825dUWuc

Yes Tony, One day we going to get so high….

Posted by Jojobama > 2024-09-03 11:42 | Report Abuse

stony wanna separate his businesses into 2 groups, i.e. aviation and non-aviation so that his non-aviation businesses could be valued at much higher.

his rationale is that people failed to see the value of his non-aviation businesses as they always link airasia with aviation only.

bruh, your non-aviation businesses perform so poorly. what value are you talking about?

Posted by Balian de Ibelin > 2024-09-03 15:15 | Report Abuse

BigPay was a total disappointment.
BigPay alone could be valued at up to RM60 Billion if executed properly.
Stony is a good entrepreneur but just another useless failed manager. 🤣

Many execution issues in BigPay. I have cut my BigPay card, and uninstalled the App, I believe many also did the same.


Jojobama
bruh, your non-aviation businesses perform so poorly. what value are you talking about?
3 hours ago

Posted by Mabel > 2 months ago | Report Abuse

Trading Volume = 4,259,500 shares
Not Bad actually..

Historical data shows that after the slump in September, US stocks tend to experience a relatively strong rebound in the following fourth quarter. Since 1990, the win rates for US stocks in October, November, and December have been as high as 65%, 71%, and 76%, respectively, with gains exceeding 1% in each month.

Posted by chamlo > 2 months ago | Report Abuse

PM slams past administration for cronyism harming national companies
https://www.nst.com.my/news/nation/2024/09/1100878/pm-slams-past-administration-cronyism-harming-national-companies

Posted by EngineeringProfit > 2 months ago | Report Abuse

Can get sue for rosakkan nama or not?

Posted by Sslee > 2 months ago | Report Abuse

"Growth for the sake of growth is the ideology of the cancer cell."
-Edward Abbey

Stony by selling flight ticket below cost for the sake of growth had make aviation indutry a bottomless pit to suck in all the money.

"Investors have poured money into a bottomless pit, attracted by growth when they should have been repelled by it.” - Warren Buffett

In 2016, Warren Buffett started buying a chunk of nearly the entire U.S. industry, eventually paying $7 billion to $8 billion to buy roughly 10% of American Airlines Group, United Airlines Holdings, Delta Air Lines, and Southwest Airlines. By 2019, he had a small profit. Then COVID-19 struck, and he immediately pulled out, calling his investments “an understandable mistake.” A year later, the stocks had taken off, with United and American more than doubling between May 1, 2020, and May 1, 2021. Such is life with airline stocks. They’re suitable only for short-term market timers, and no one—not even Warren Buffett—can time the market, knowing precisely when to jump in and out.

Benjamin Graham, was right from the start. He wrote in 1949 that it’s obvious that the airline industry will take off, but that doesn’t make airline stocks good investments

Posted by Mabel > 2 months ago | Report Abuse

KUALA LUMPUR (Sept 4): Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.

Overall, these top 100 companies’ aggregate earnings rose 15.9% year-on-year (y-o-y) and 10.5% quarter-on-quarter (q-o-q), with 49 companies registering both y-o-y and q-o-q increases in their latest reported quarterly earnings.

Utilities, oil and gas (O&G) and financial services are the sectors that posted results that largely met or beat earnings consensus in the second quarter of 2024, while telecommunications, technology and construction were the ones that disappointed when compared against their earnings forecasts.

Posted by Mabel > 2 months ago | Report Abuse

Elsewhere, we are still Over Weight on the Aviation sector. We expect CAPITALA and AirAsia X to have a profitable 2024. At first glance, this seems obvious from today’s vantage point but is highly significant when we consider the fact that both of them were incurring losses even before the COVID-19 pandemic struck due to industry overcapacity. With industry overcapacity being rationed (higher demand and lower supply growth) and all Malaysian airlines (especially Malaysia Airlines) pricing fares rationally, we expect 2024 to be the first core profitable year for CAPITALA and AirAsia X after many years of losses.

Source: Mabel's Tiger Bank

Meow Meow Meow

Posted by Mabel > 2 months ago | Report Abuse

Stocks for travel companies like Booking.com and Air BNB are doing great. Countries in SE Asia are reporting 2.5 times more visitors than last year which generally would indicate disposable income.

Posted by Mabel > 2 months ago | Report Abuse

Here’s a bit more detail:

Stock Performance: Stocks for travel companies like Booking.com and Airbnb have been performing well. For instance, Airbnb has shown strong financial results, reflecting a robust recovery in travel demand

Visitor Increase in SE Asia: Countries in Southeast Asia have indeed reported a significant increase in visitors. For example, Malaysia saw 20 million tourist arrivals in 2023, which is 77% of pre-pandemic levels. This increase in tourism typically indicates higher disposable income among travelers, as they are willing to spend on travel and leisure activities.

Posted by JrWarren > 2 months ago | Report Abuse

Figure speaks, profit or loss depends what you focus.
Uncle aunty without financial knowledge look at current figure and predict what comes next, so they know it is loss making.
Investor who know the industry well focus on future new business model and current figure under the new business model (non-aviation), that why after reading the first 3 statements in quarterly report, investor dig more details at the back pages to learn about the non-aviation business is making profit or loss.

Do you know what is the EPS or LPS of non-aviation business?
You will be surprise to learn this info once you found out.

Posted by Sslee > 2 months ago | Report Abuse

ADE
● Segmental revenue reached RM173.9 million with an EBITDA of RM38.9 million.

Santan
● Segmental revenue of RM48.8 million up by 88% YoY, with EBITDA
of RM4.1 million

Teleport
Segmental revenue of RM225 million up 35% YoY, with EBITDA of RM2.5 million

AirAsia MOVE
● AirAsia MOVE generated revenue of RM128 million and EBITDA of RM19 million

BigPay
● Revenue reaching RM9.8 million and an EBITDA loss narrowing 25% to RM18.8 million

Capital A International
Revenue stood at RM54 million, declined slightly by 8% QoQ in line with the Aviation Group’s revenue trend. However, grew by more than 10x YoY.
● Posted EBITDA of RM24 million, a turnaround from RM20 million in EBITDA loss in previous year.

Posted by Balian de Ibelin > 2 months ago | Report Abuse

I always never ceased to be amazed by the blatant lies and forgeries of Pumpers of CapA shares. 🤣
Everyday these CapA pumpers antics always sinks to new moral lows 🤣

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Santan profit EBITDA 4.1 million?

Just 2 restaurants in a Malaysia chain of umpteen restaurants already exceeds this figure and the staff so relaxed working conditions.

1 restaurant makes 250K Net Profits per month = RM3 Million Net profits per year

Posted by Sslee > 2 months ago | Report Abuse

BigPay
● Revenue reaching RM9.8 million and an EBITDA loss narrowing 25% to RM18.8 million

Balian de Ibelin BigPay was a total disappointment.
BigPay alone could be valued at up to RM60 Billion if executed properly.
Stony is a good entrepreneur but just another useless failed manager. 🤣

Many execution issues in BigPay. I have cut my BigPay card, and uninstalled the App, I believe many also did the same

Posted by Balian de Ibelin > 2 months ago | Report Abuse

all CapA non-aviation have extremely low profit margins.
Extreme high risk coz slight GDP downtrend and whole thing "non-aviation" just collapses

Posted by Balian de Ibelin > 2 months ago | Report Abuse

One feedback I get from all this lies and forgeries
That all these CapA supporters; its like they have never ever worked at any other companies before in their life.
Malays call it katak dibawah tempurung.
They have never ever worked before in other high profit world class companies before..... where huge profits are normal and expected with above average employee benefits.
In other companies, losses are vulgar and profits normal.
In CapA, losses are normal and small profits are called the best in the world winning prizes. 🤣

Posted by paulthesotong > 2 months ago | Report Abuse

Brent well down below 74.. awesome earnings coming next quarters.

Posted by Balian de Ibelin > 2 months ago | Report Abuse

whenever crude goes down => recession.

recession companies chop off travel.
Sacked CEO plus sacked wife with all sacked children, I believe they travel less. 🤣

=> Overseas airlines always prefer high crude oil costs.

Posted by Balian de Ibelin > 2 months ago | Report Abuse

There is extreme dichotomy in expectations between local mindset to prefer and pray for recessions.
You get what you pray for.

Whereas alll foreign airlines prefer boom times with all costs as raised high, since the raised revenue always exceeds raised costs like example crude prices.

Posted by paulthesotong > 2 months ago | Report Abuse

we'll see about that!

Posted by Balian de Ibelin > 2 months ago | Report Abuse

Just speak to any non-Malaysian foreign airline CEO, all will prefer boom time economy with high crude prices with higher revenue.

Posted by JrWarren > 2 months ago | Report Abuse

Ya, we will see about that.
My eye is looking at current financial.
My brain is thinking the possible future outcome.
My excel is recording the non-aviation segment figures.
Opportunity comes to those who prepared and ready to act.

Posted by Mabel > 2 months ago | Report Abuse

Haha Capital A so steady..

Thank you so much Uncles and Aunties for pressing the price down yesterday...

Meow Meow Meow

Posted by Jojobama > 2 months ago | Report Abuse

Just my personal opinion and am trying to look at it in a more logical way.

All their non-aviation businesses depend heavily on their own aviation business, i.e. ticket sale, belly space, travel insurance, card transaction, in-flight meal, aircraft services etc. They do good if the aviation side is performing and vice versa. Basically, they are just internal departments providing supports to the core business and don’t have much external income. But they put these businesses into different entities to create ‘value’.

Just like a company carving out their own HR department and form an entity to house this department. They call it best HR advisor/provider in town and valued it at an absurd amount, but then all revenues are still from the said company. If the said company stop giving this entity revenues, can it survive on its own? If no, what sort of value does it have?

Balian de Ibelin
all CapA non-aviation have extremely low profit margins.
Extreme high risk coz slight GDP downtrend and whole thing "non-aviation" just collapses

Posted by abidinaa > 2 months ago | Report Abuse

The non-aviation businesses are risk free and recession proof. Air planes in the air or grounded, they are still making tonnes of money. The question is how many tonne.

Posted by abidinaa > 2 months ago | Report Abuse

And pandemic proof I might add.

Posted by JrWarren > 2 months ago | Report Abuse

STony has better logic than anyone else and ensure every flight hit the break-even load factor (Tony mentioned once is about 63% before covid, now not sure) before the flight take off, hence 80% ~ 90% load factor is a profitable flights.

Business model illustration: https://imgur.com/8K1weV2

Stony sell ticket first and collect money first, so cash come to pocket first. If the load factor of the flight not enough, give promotion.
Air ticket fee structure always got 3 parts: ticket price ( RM1 to RM xxx, whatever profit AA want to make) , fuel charge (fix cost paid by client) and tax (fix cost).
First, Tony needs to get as much as people join the flight , so the fuel cost is shared among all the passengers, once fuel cost breakeven, whatever extra is profit.
2nd, AA sell ticket in advance, which flight load factor is low, pump the promotion, client buy ticket, money masuk pocket.
3rd, Maintenance dept is the main non-aviation profit driver, as long as AA aircraft in the sky, aircraft must obtain clearance b4 flying. This means more flight, more checkup = more profit.
4th, As long as it is Airbus brand , AA can repair regardless MAS, SIA, ANA , JAL .... CAP A can survive without AA, but of course AA has the priority on this maintenance service first la... I heard MAS repairman not only korek by SIA, but Tony also korek from MAS ... lol
5th, Clearly u read this industry as an outsider with inappropriate example. Ignorance on the business model and dont even do a homework on the non-aviation business EPS.

Posted by human > 2 months ago | Report Abuse

When Amazon started in the midst of dot com bubble in the 90s, amazon only sell book online.
After the dot com bubble burst in 2000, Amazon faced with the doubt of online business viability. Amazon growth from selling book to entire online retail ecosystem that later other like alibaba, JD emulate.
Amazon does not lack of naysayers until Amazon make profit and growth to a global retail giant.
History proof these naysayers is a joke.

Capital A start as a pure airline company from loss making to profitable and then dividend paying before the pandemic.
Now like the dot com crisis, Capital A faced with financial aftermath of the pandemic. Capital A is now growing the businesses from pure airline to business and leisure tourism services solution ecosystem.
Look at the business model and then do logical check whether the company progress in that direction.
Company making profit is dependent on business direction and implementation capability.

Posted by Sslee > 2 months ago | Report Abuse

You need to look into the regional competitors and ask the question do capA have cash to burn before the business can turn into a profit?

Can the EBITDA enough to pay for finance cost and repayment of borrowing?

Repost:
ADE
● Segmental revenue reached RM173.9 million with an EBITDA of RM38.9 million.

Santan
● Segmental revenue of RM48.8 million up by 88% YoY, with EBITDA
of RM4.1 million

Teleport
● Segmental revenue of RM225 million up 35% YoY, with EBITDA of RM2.5 million

AirAsia MOVE
● AirAsia MOVE generated revenue of RM128 million and EBITDA of RM19 million

BigPay
● Revenue reaching RM9.8 million and an EBITDA loss narrowing 25% to RM18.8 million

Balian de Ibelin BigPay was a total disappointment.
BigPay alone could be valued at up to RM60 Billion if executed properly.
Stony is a good entrepreneur but just another useless failed manager. 🤣

Many execution issues in BigPay. I have cut my BigPay card, and uninstalled the App, I believe many also did the same

Posted by human > 2 months ago | Report Abuse

CEOs from Boeing, Airbus are worries that they cannot keep up with global plane demand.
Travel news authority like Skift business intelligence publish topic on how hot tourism M&A is besides major hotels conglomerate race to build.

Posted by human > 2 months ago | Report Abuse

perspective only see problem tend to miss out the reality that this is nature of business growth and along with this the challenges need to overcome.
Now are not like the 70s running business with own cash. This is an age of business model, fund raising exercise through various means.
Read more from expert and leaders that bring better business senses.

Posted by Sslee > 2 months ago | Report Abuse

CapA last Fund raising RI is not to recapitalise it equity but to reward the shareholders with pofit-sharing/interest paying capitalA-LA with free warrants capitalA-WA.

So do you think AAX able to raise equity funding of RM 1 billion with PP to third party?

Posted by human > 2 months ago | Report Abuse

That AAX plan under the restructuring.

Posted by Trianon > 2 months ago | Report Abuse

Let's go to Russia 😁
https://www.bernama.com/en/news.php?id=2337297

Posted by paulthesotong > 2 months ago | Report Abuse

Brent down 71,Int Rates cut, Summer/ Festive travels, Asian Currencies up against USD, Competitors bite the dust, Hike in Capacities...

Posted by human > 2 months ago | Report Abuse

Those that spread false information that aax acquiring capital a aviation business will cause aax fall into pn17 is very irresponsible. If one read the proposal of the restructuring will understand that aax will not fall into pn17 post acquisition, the answer is in the proposal.

Posted by Sslee > 2 months ago | Report Abuse

If a PN17 company with loss making aviation business transfer all the aviation' assets and liabilities to a new company and that new company failed to inject in new capital to recapitalise the equity, will that company become a PN17 company?

AIRASIA X BERHAD (“AAX” OR THE “COMPANY”)
(I) PROPOSED INTERNAL REORGANISATION;
(II) PROPOSED ISSUANCE OF FREE WARRANTS;
(III) PROPOSED PRIVATE PLACEMENT;
(IV) PROPOSED AAAGL ACQUISITION;
(V) PROPOSED AAB ACQUISITION; AND
(VI) PROPOSED SHARE CAPITAL REDUCTION

The Proposed Private Placement is intended to raise gross proceeds of RM1,000.00 million. The quantum of gross proceeds has been determined upfront while the issue price has not been determined at this juncture in order to provide flexibility to the NewCo Board in respect of the pricing of the Placement Shares.

Posted by Sslee > 2 months ago | Report Abuse

By the way this time round I will make makeself a AAX shareholder so that I can ask the tough/difficult questions during AAX EGM.

Posted by Sslee > 2 months ago | Report Abuse

As at 30/6/2024
RM'000
Non current assets 26,053,575
Current assets 2,319,481
Non current liabilities 23,819,165
Current liabilities 15,798,326
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)
Note:
Current lease liabilities 5,510,697
Current trade and other payables 4,725,450

Is capA with above financial balance sheet a tecnically insolvent/bankrupt company?
How on earth can capA not default on net current liabilities of RM 13,478,846,000 in the next 12 months?

This is the word of auditor.
We have assessed the reasonableness of the cash flow projection provided by the management (Note 2.1). The going concern of the Group is dependent on the following:
1. Successful implementation of a Revenue Bond program; and
2. Continuous support from Group's lessors5