Q3 is the weakest quarter. Looking forward to see what will it be on Q4.
Below expectations. Capital A Berhad (Capital A) reported a 3QFY24 core LATAMI of -RM545.7m, bringing cumulative 9MFY24 core losses to -RM324.7m after excluding forex gains and one-off items. This fell below our and consensus expectations, which had anticipated a full-year profit, primarily due to higher-than-expected operating expenses (opex) and weaker contributions from non-aviation entities.
Are you sure MAS pilots are familiar with A330 or not. It's not like Boeing la where each toggle switch and button are for specific function. In A330 most of buttons can do more than one functions and most are on-the-fly system. If you are tikus don't try to fix the labu la.
RP submitted... its time to FLY great xMAS gift from tan sri himself... unwrap time !! huat ah 2025 , year of SNAKE ... snake will triumph !! all the way to CNY and some say HARI RAYA !! 2026 , maybe back to peak level !!
KEY TAKEAWAYS A capital reduction is the decrease of a company's shareholder equity. Capital reductions are generally done through share cancellations, paid-back capital, or share repurchases (buybacks). Companies do capital reductions for a variety of reasons, such as for increasing shareholder value or producing a more efficient capital structure. Capital reductions must be performed according to the law and a company must undergo a series of steps to correctly do a capital reduction.
Malaysia Airlines (MAS) has received substantial financial support from the Malaysian government over the years. Here are some key figures:
1998: The government bought back a controlling stake from businessman Tan Sri Tajuddin Ramli.
2002: Another bailout was required due to continued financial struggles.
2014: Following the tragic incidents of MH370 and MH17, the airline received significant financial support to restructure and stabilize.
2014: Khazanah Nasional Bhd injected RM6 billion into MAS.
2018: MAS received a total of RM28 billion from Khazanah Nasional Bhd
In contrast, Singapore Airlines (SIA) has had a more stable financial history and has not required as many bailouts. However, during the COVID-19 pandemic in 2020, SIA received a substantial financial package from the Singapore government to help it navigate the crisis.
When Tony Fernandes took over AirAsia in 2001, he did receive some funding. He and his partners bought the heavily indebted airline for a token sum of 1 Malaysian Ringgit (approximately USD 0.25) and took on debts of around USD 11 million (RM 40 million). Fernandes mortgaged his home and used his personal savings to acquire the company, which was then losing money
Historically Q4 is the strongest. This time the following Q1 will be packed with CNY and Raya travellers. We are looking forward to amazing QR because RM/USD is forecasted to be hovering around 4.5 or maybe lower because the US inflation data is getting even lower which may force Fed to lower the interest rate. So get ready to accumulate and prepare to buy additional lorries or even vaults. It's gonna be a very very merry QR.
Haha today Lady Sapura is sitting on P1 today in Mabel Malaysia (16.67%). Loves to see these 2 National Assets (Sapnrg (16.67%)and Capital A (1.02%) complete turnaround. Happy to be part of their success stories. Sapnrg 3rd Generation of Leadership under PNB is clean from cronyism and corruption. Beside, they are not so keen on Birkins.
The cost of holding is actually minimal. It is actually much much much much much much lower than Big Brother PNB is holding. If they can tahan so can Mabel. Beside the Capital Gain and Dividends from the 14 counters can easily cover this cost. It's part of the learning cost to see a potential great turnaround stories.
Many other airlines already fully recovered and make a lot of money the last 2 years.
Only capA still suffered from long covid and unable to make any money from flying people. Either Stony do not know how to make money flying people or the lessors are squeezing Stony ball for what its worth.
CapA capital reduction is just an accounting adjustment of share capital. It did not involved share consolidation. After all most of aviation billions in net liabilities will be transfered to AAX
Unlike AAX debts restructure (0.1 sen for every ringgit owed), capital reduction, share consolidation (10 to 1) and PP
For the avoidance of doubt, the Proposed Capital Reduction will not result in: (a) any change in the total number of issued ordinary shares in Capital A (“Capital A Shares”), the RCUIDS or the warrants 2021/2028 in the Company (“Warrants”); (b) any payment to the shareholders of the Company; and (c) any adjustment to the reference price of Capital A Shares, the RCUIDS or the Warrants. Each shareholder will hold the same number of Capital A Shares representing the same percentage shareholding in the Company before and immediately after the completion of the Proposed Capital Reduction.
even though the RP was delayed few times but in terms of timing this is the best time to submit it. 1. Almost full capacity recovery in Q4. 2. Additional new aircrafts coming in. 3. ADE's new hangar completed and ready to serve bigger MRO market. Look out for this. 4. Teleport also performing well and gaining more market share. 5. Santan & MOVE will also grow in tandem with AA capacity growth.
I will hold on until all RP completed then decide after that. Things are looking comfortable barring any new crisis.
Unfortunately, Quality always beats Quantity as these 55 IPO fail to lift up Bursa Malaysia up. What we need is to nurture the current National Treasures so they can be another Ferrari. A good example is when YTL and YTL Power was cleared by MACC, they managed to pull KLCI above 1600 last week with or without Foreign Funds…
Mabel is expecting the same from this National Treasures soon...
JUST accounting from DAY 1 tony told... meanwhile a lot of golden companies left in cap A >>> TELEPORT , ADE waiting for thier individual IPO debut.... wow AMAZING tan sri ! he will make it happen before his last tenure ,, making value for MALAYSIAN markets now all depends on the REST after his time is over
Japanese mathematician Kenji Fukaya, another prize-winning scholar, expressed hope that more Chinese-origin researchers would return home to teach and help build a strong community of highly skilled mathematicians. Fukaya recently left the U.S.-based Stony Brook University in September to become a full-time professor at Tsinghua University.
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Stony Brook University Pun Ada university dengan nama stony.. Haha
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mabel
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Posted by Mabel > 2 weeks ago | Report Abuse
A flying sorcerer!
Yes Sir...We almost out of PN17 for Capital A. Probably the greatest turnaround story ever in Malaysia...
https://www.youtube.com/watch?v=Gft_kG9cfJg
Enjoy this song as much as I do…..