CAPITAL A BERHAD

KLSE (MYR): CAPITALA (5099)

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Last Price

0.705

Today's Change

+0.01 (1.44%)

Day's Change

0.70 - 0.71

Trading Volume

2,567,600

Overview

Market Cap

3,000 Million

NOSH

4,255 Million

Avg Volume (4 weeks)

6,381,364

4 Weeks Range

0.65 - 0.72

4 Weeks Price Volatility (%)

78.57%

52 Weeks Range

0.64 - 1.12

52 Weeks Price Volatility (%)

13.54%

Previous Close

0.695

Open

0.70

Bid

0.70 x 548,100

Ask

0.705 x 86,200

Day's Range

0.70 - 0.71

Trading Volume

2,567,600

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 29-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 31-May-2024

T4Q P/E | EY

3.58 | 27.90%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

-2.04 | 0.00

T4Q NP Margin | ROE

3.44% | 0.00%

News and Blogs
Company Profile

Sector: CONSUMER PRODUCTS & SERVICES

Sector: CONSUMER PRODUCTS & SERVICES

Subsector: TRAVEL, LEISURE & HOSPITALITY

Subsector: TRAVEL, LEISURE & HOSPITALITY

Description:

Capital A Berhad, formerly AirAsia Group Berhad, is a Malaysia-based investment holding company, with a portfolio of synergistic travel and lifestyle businesses. The Company's portfolio businesses comprise of Aviation, Asia Digital Engineering (ADE), Digital, and Ventures. Its digital business include travel, e-commerce and fintech services via the airasia super app; fintech services through BigPay; logistics, freight chain and home delivery via Teleport. The Company has 16 products and services on its airasia super app.

Discussions
124 people like this. Showing 50 of 166,573 comments

Sslee

BOD of CapA is now come out to clarify that contrary to the report, there was no media interview conducted on March 4, 2024, with The Edge or any other entity.

So who is telling the true? Stony or theedgemalaysia?


OTHERS CAPITAL A BERHAD ("CAPITAL A" OR "THE COMPANY") CLARIFICATION ON NEWS ARTICLES FEATURED IN THE EDGE MALAYSIA ON 15 APRIL 2024
CAPITAL A BERHAD

Type Announcement
Subject OTHERS
Description CAPITAL A BERHAD ("CAPITAL A" OR "THE COMPANY")
CLARIFICATION ON NEWS ARTICLES FEATURED IN THE EDGE MALAYSIA ON 15 APRIL 2024
We refer to the news article titled “Capital A seeks private placement to raise up to US$400 mil, say sources” in The Edge for the week of 15 April 2024 to 21 April 2024.

The Company wishes to clarify that contrary to the report, there was no media interview conducted on March 4, 2024, with The Edge or any other entity.

We wish to inform the shareholders that Capital A currently does not have any intention to undertake a private placement of new ordinary shares in Capital A of up to USD400 million. However, the management is in the midst of exploring a potential fund-raising exercise by its aviation business. The evaluation is still in its preliminary stage and the Board of Directors has not been presented with firm proposal to deliberate on. Shareholders are advised not to speculate in the trading of shares of the Company.

The Company will update the shareholders if there is any material development of the above matter in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The management intends to request The Edge to retract the report to ensure accurate representation.

This announcement is dated 15 April 2024.

1 week ago

TonyHandsMan

another timing to average down

1 week ago

TerrenceLim

How many time u can average down?

It is a scam stock

1 week ago

Sslee

Just wonder why people wants to average down a hopeless PN17 capA?

Still The No. 1 Rule For Stock Market Investors: Always Cut Your Losses Short

Judo masters begin not by learning how to throw, but how to fall. They practice this skill until it's as natural as breathing. No matter how many times they're flipped, they can rise to fight again.

Highly successful stock pickers go through similar training: They must learn how to cut their losses short. This means selling a stock when it's down 7% or 8% from your purchase price.

Sounds simple, but many investors have learned the hard way how difficult it is to master the most important rule in investing.

No one wants to sell for a loss. It's an admission that you made a mistake. But if you can set your ego aside, you can take a small loss and still be fit enough, both financially and mentally, to invest the next day. Cutting losses quickly prevents you from suffering a devastating fall that's too steep to recover from.

1 week ago

Mabel

Meow Handsome Sslee...

The principles of Judo offer valuable insights that can be applied beyond the martial art itself. Judo’s approach to winning aligns with successful investing:

Adaptability and Resilience: Judo masters learn how to fall gracefully and recover swiftly. Similarly, successful investors understand that setbacks are part of the game.
Just as a Judoka adapts to their opponent’s moves, investors must adapt to changing market conditions, economic shifts, and unexpected events.

Cutting Losses Short: In Judo, knowing when to concede a throw or hold is crucial. Sometimes, it’s better to yield and avoid injury than to resist and suffer a defeat. Similarly, successful investors recognize the importance of cutting losses. If a stock is declining significantly, they sell early to limit losses rather than hoping for a rebound.

Risk Management: Judo practitioners assess risks during a match. They calculate the probability of success for each move. Investors should also evaluate risks. Diversification, position sizing, and setting stop-loss levels are essential risk management techniques.

Timing and Opportunity: Judo throws require precise timing. A well-executed throw catches the opponent off guard. In investing, timing matters. Recognizing opportunities (buying low) and knowing when to exit (selling high) are critical skills.

Leveraging Strengths: Judo leverages an opponent’s strength against them. A smaller Judoka can defeat a larger opponent by using their momentum. Similarly, investors should play to their strengths. Understand your investment style, risk tolerance, and expertise.

Emotional Discipline: Judo teaches emotional control. Reacting impulsively during a match can lead to defeat. Investors must remain disciplined, avoiding emotional decisions driven by fear or greed.

Continuous Learning and Improvement: Judo practitioners train relentlessly to refine their techniques. Successful investors also learn continuously, adapt to new information, and improve their strategies.

Remember, just as a Judoka rises after a fall, investors can recover from losses by staying disciplined, learning from mistakes, and persistently pursuing their financial goals. It’s all about managing excpectation, the rest is technology

1 week ago

Mabel

Watashi-tachi no seikō no tame ni

1 week ago

Mabel

The best person to answer this is Tony himself. Yes, Capital A Berhad, the parent company of AirAsia, has indeed taken steps to dispose of its aviation business. Here are the details:

1. Disposal of Aviation Business: Capital A has entered into a non-binding letter of offer with AirAsia X Berhad (AAX) for the proposed disposal of its aviation business. This includes AirAsia Berhad (AirAsia Malaysia) and AirAsia Aviation Group Limited (subsidiaries in Thailand, Indonesia, Philippines, and Cambodia).

2. Strategic Move: The goal is to streamline the group and facilitate a business-centric valuation of separate entities. By selling the aviation business to AAX, Capital A aims to create an aviation pure play under the AirAsia brand. This move is expected to unlock greater value for shareholders.

3. Benefits: Focused management and a clear strategic direction will enhance the aviation business’s capacity for growth and profitability. Separating the aviation business allows non-aviation businesses within the group to be recognized for their intrinsic value and potential.

4. Exit from PN17: Following the disposal, Capital A shareholders will become shareholders of the two strong listed companies (aviation and non-aviation). The decision aligns with market preferences, providing clearer understanding and valuation.

5. Regularization Plan: Capital A is in the final stages of finalizing its PN17 regularisation plan. The group aims to submit the plan to Bursa Malaysia in the near future. The plan involves creating a pure aviation play and lifting the PN17 status.

In summary, Capital A’s strategic disposal of the aviation business aims to improve financial stability and create distinct entities. Exiting PN17 involves implementing the regularisation plan and focusing on both aviation and non-aviation ventures

Source:

https://www.businesstoday.com.my/2024/01/08/capital-a-disposes-aviation-business-to-airasia-x/

https://www.thestar.com.my/business/business-news/2023/06/02/capital-a-to-unveil-pn17-regularisation-plan

6 days ago

riskabsorber

Counting down 7 trading days to see CapitalA in suspend/ delist.

5 days ago

geary

CapitalA Weekly Pivot Point Momentum!
S2: 0.645.
S1: 0.67.
PIVOT: 0.70.
R1: 0.725.
Negative Momentum....may trend lower!?
Dis: Trade at your own Risk!

5 days ago

Mabel

The risk of war between Iran and Israel has never been this high before. Dow Futures are down about 450 points and Nikkei 225 is down over 1,000 points. South Korea and Taiwan are down over 4%. I suppose many investors are now seeking refuge in Dividend Banking stock which excel today.

KLCI is the only Stock Exchange in Asia Pacific that is holding the GREEN Banner. The rest of Asia are having period.

At the local front, Capital A continue to be battered by the rising oil prices. Capital A may face higher jet fuel costs amid rising geopolitical tensions in the Middle East according to Mabel’s Maybank IB analyst. Jet fuel spot prices have remained close to his projected figure of $105 per barrel at present, hovering at $104/bbl, he notes. However, he expects that for every $1/bbl increase in jet fuel price, that would widen or trim his estimate for Capital A's core net loss or profit by about MYR50 million and his sum-of-parts target price would decrease by MYR0.03. He thinks Capital A may pass on the higher fuel costs to passengers without affecting load factor too much, given limited competition. Maybank maintains a buy rating on Capital A and keeps its target price at MYR0.94. Shares are 0.8% higher at MYR0.655. Support 1 at 67 sen has been breached and Mabel is waiting to collect Capital A starting from 64.5 sen at Support 2.

Let's hope some nice uncles and aunties will sell next week

Meow

5 days ago

BeeTheTrader

I am still having a BIG HOPE on this counter.

4 days ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Fiscal year is January-December.
All values MYR Millions. 2023 2022 2021 2020 2019
TOTAL EQUITY -10,469 -9,517 -6,423 -3,570 2,911
TOTAL ASSET 27,907 19,928 20,030 19,866 25,595

CASH AND EQUIVALENT 703 470 1,257 533 2,588
ST DEBT & CURRENT PORTION OF LT DEBT 6,241 4,872 4,793 4,263 2,614
LT DEBT 17,444 13,123 11,812 9,461 10,275
TOTAL DEBT 23,685 17,995 16,605 13,724 12,889
NET CASH (DEBT) -22,982 -17,525 -15,348 -13,191 -10,301

ACCOUNT RECEIVABLE 878 334 308 309 178
ACCOUNT PAYABLE 1,546 1,243 1,306 1,420 601

4 days ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Fiscal year is January-December.
All values MYR Millions. 2023 2022 2021 2020 2019
NET INCOME 837 -2,626 -2,991 -5,112 -316
NOSH (DILUTED) 4,185 4,053 3,786 3,342 3,342
FREE CASH FLOW 782 -373 -726 -2,259 1,792
DIVIDENDS #VALUE! #VALUE! #VALUE! #VALUE! 3,409

4 days ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

FISCAL YEAR ENDING 2023
PRICE 0.65

MARKET CAP (MILLION) 2,720.25

ROE -8.00%
ROA 3.00%
P/B -0.26
P/E 3.25
EARNINGS YIELD 30.77%
DIVIDEND YIELD #VALUE!

4 days ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Fiscal year is January-December.
All values MYR Millions. 2023 2022
Sales/Revenue 14,772 6,437
Sales Growth 129.48% 282.50%
Cost of Goods Sold (COGS) incl. D&A 13,745 7,695
COGS excluding D&A 12,016 6,245
Depreciation & Amortization Expense 1,729 1,449
Depreciation 1,728 1,442
Amortization of Intangibles 1 8
COGS Growth 78.63% 83.65%
Gross Income 1,027 -1,257
Gross Income Growth 181.67% 49.84%
Gross Profit Margin 6.95% -
SG&A Expense 1,288 740
Other SG&A 1,288 740
SGA Growth 74.13% 30.07%
EBIT -261 -1,997
Unusual Expense 8 -494
Non Operating Income/Expense 2,017 -490
Non-Operating Interest Income 99 40
Interest Expense 1,298 1,005
Interest Expense Growth 29.18% 47.82%
Gross Interest Expense 1,298 1,005
Pretax Income 548 -2,958
Pretax Income Growth 118.51% 16.19%
Pretax Margin 3.71% -

4 days ago

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Airlines continue to be gruesome businesses.

Long term stock investors shy away from this industry.

Those with the ability to gain from investing in these "special situations" can profit from it. Those without the skill should just look for 1 foot hurdle to jump. 😀

There is a difference between investing and speculating. There is also speculating intelligently and speculating foolishly. Gambling is different from investing and speculating.

4 days ago

Sslee

For once I agreed with 3iii capA aviation business model is a gruesome business

3 days ago

The_JQuestion

splendid .... nasdaq here we come !! book ur tickets now :) , USA and the world

2 days ago

EngineeringProfit

No buy cheap, no profits later. Buy...buy...buy....

1 day ago

ken2004

LOL, it is still the same group of people, really consistent lol especially those haters, not sure why want to spend so many time here, salute you all can write so long lol

1 day ago

stainlyho37

+ve..after clear 0.67....

1 day ago

pangolin

if quarter report is good for pn17 company , is there any chance capital A back to 80c ??

1 day ago

ikanbiliskering

back to rm1 possible? 😌

1 day ago

xiaoeh

what is your average cost Ikanbiliskering?

23 hours ago

80gram

PN17 deadline approaching...maybe no need to wait till next announcement...either good or bad...

22 hours ago

Sslee

Fernandes to be CEO of Capital A for another five years

By Chester Tay | theedgemalaysia.com | 2024-04-24 12:43:17
KUALA LUMPUR (April 24): Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

“That's the start of many announcements over the next two weeks,” said Fernandes at a briefing here, but declined to reveal further, due to regulatory restrictions.

“From today onwards, there will be a bunch of announcements over the next few weeks, and then everyone will be clear.

“The plan is obviously to get out of PN17 (Practice Note 17 status), to have a strong aviation group, and to start growing again. That's the plan. [Priority] number one [is to] survive; number two [is to] bring back all the retrenched employees; [and] number three is to strengthen the balance sheets of both companies, Capital A and Aviation,” he said.

Capital A is in the midst of a series of restructuring to reverse its negative equity of RM10.47 billion on its balance sheet as at Dec 31, 2023, including merging its airlines business with AirAsia X and listing its branding business in the US.

“Investors want clarity, which we couldn't give for two reasons: One, we didn't know when the borders were going to open; and two, we couldn't tell when we were going to get out of PN17. We had an enormous handicap to other airlines, so we haven't been able to sell our story as well.

19 hours ago

Sslee

Is Stony moving the goal post again by admitting we couldn't tell when we were going to get out of PN17?

19 hours ago

paulthesotong

5 more years for Tony..
https://theedgemalaysia.com/node/709142

19 hours ago

The_JQuestion

tony going from kolo lombo to colombo .... from bursa to Nasdaq... what message u need more? he's not going to quit... his legacy continues , this time internationally !!! HODLLLL ... good times

18 hours ago

The_JQuestion

i rmb when snake snake and gang was complaining that tony dont dare to take loan in his name for cap A ,, now he is gurantee-ing his leadership for the future... the future is bright >>>
banks will return , everyone is ready , lets push to greater heights , one malaysia , one world soon :))

18 hours ago

Sslee

If Stony's word can be trusted, pig can fly.

18 hours ago

pangolin

bought it some to support capital A , just hunch for better QR

18 hours ago

Sslee

AETHERIUM ACQUISITION CORP.

BALANCE SHEETS

December 31, December 31,
2023 2022
ASSETS
Cash $ 4 $ 334
Cash and marketable securities held in trust account 32,931,063 117,914,699
Total Current Assets 32,931,067 117,915,033

Total assets $ 32,931,067 $ 117,915,033




Cash flow from financing activities:
Redemptions of Class A ordinary shares (88,350,715)

18 hours ago

Sslee

Above AETHERIUM ACQUISITION CORP
Dec 31 2022 and 31 Dec 2023
Capital flight from shareholder to the tune of USD 88,350,715 redemption of class A ordinary shares.

18 hours ago

JrWarren

Ya, PIG is flying, I am seeing this company Performing, Improving and Growing since post-Covid era. Very very big big PIG.

I saw operating cashflow increase, I saw interest payment on-time, I saw debt slowly payoff (Sabah Development Bank - RM500m debt settled & other lease payment repaid), I saw new expansion plan and the plan is making huge progress (MRO Sepang hub tentatively completion ard June 2024), I saw new financier supporting the company, I saw much more thing that ordinary people and accounting nerd dont see.

The surprising part is, Story got balls to lead the company for another 5 years and the board also AGREED.

17 hours ago

EngineeringProfit

Huat ar...lai lai lai

17 hours ago

Sslee

CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Accumulated losses: (10,490,200): (8,923,188)
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)
Net current liabiliaties: (12,507,207): (8,509,066)


Depreciation on ROU asset:(1,574,356): (1,309,533)
Financial costs- lease liabilities: (908,711): (705,152)

Under MFRS 16:
(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;

(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.


31/12/2023
RM'000
Cash flow from financial activities:
Proceed from borrowing: 1,270,016
Repayment of borrowing: (393,631)
Repayment of lease liabilities: (1,664,299)
Acquisition of Non controlling interest: (75,725)
Net cash usedin financial activities: (863,635)

So is someone looking at the same financial figures above and conclude the facts as:
operating cashflow increase?
interest payment on-time?
RM500m debt settled?
& other lease payment repaid?

Seeing just the figures cannot be the truth facts, you need to understand how the financial accounting figures are presented and what its actually mean/fact.

16 hours ago

Sslee

Lease liabilities
The lease liabilities amounting to RM18.7 billion includes deferred aircraft leases of approximately RM2.3 billion. The lease liabilities are supported by ROU assets of RM12.1billion.

The Group had completed the restructuring of a total of 161 aircraft leases up to the date of this report including the waiver of lease rentals in arrears, as well as reducing future lease rates with a corresponding longer lease term, where necessary, and return of aircraft.

Know what is deferred aircraft leases of approximately RM2.3 billion mean?

16 hours ago

The_JQuestion

snake snake lee , u comment so much , why did u buy at 0.70 ? is it because u lose money , crying out LOUD?
go ur other boring counters ,, stop being so negative in ur life :))

16 hours ago

Sslee

Is telling the truth hurt you?

15 hours ago

Sslee

I am just telling the truth and trying to educate people how to read and understand financial report.

In Chinese, we have an old saying in “授人以魚,不如授人以漁”, which means “give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime'.

15 hours ago

JrWarren

守认以愚,不如受人以漁。
Stubborn people stay firm on their own opinion (愚见) only, why dont consider other opinions and benefit your self from different angle?
固守自己愚见,不如接受别人不同角度的观点来渔获未来。

15 hours ago

Sslee

You are free to present your opinion as I never stop people from presenting their opinion as I respect and welcome people to give their opinion

I am here only trying to correct people trying to present the wrong figures or wrong facts as truth.

My I know why you are so against me of presenting the figures and the truth financial facts.

By the way can you count Stony already tell/promised everyone when capA can exit PN17 latest by..........and is his promised fulfilled?

15 hours ago

JrWarren

You also looking CAP-A wind up previously, so when is the date?
That Indian boy now got another 5 years to deal with the mess, I am sure promise will be fulfilled.

An accounting figure is past figure, you are associating the PAST figure to current development and neglected all improvement thus far. I saw all your explained is figures and the PAST truth financial facts. A fact is a fact, nothing more.
You keep telling fact (CAP-A financial very bad), followed by explanation from the fact (CAP-A figures how, PN17, very weak), then you opined CAP-A counter very bad and will pok gai anytime. To me, you are humble historian that shares PAST figures and FACTS only. If you are banker, you are at the right track for being risk adverse, but even Citibank is lending to CAP-A, so ~~~~~~

Myself, is associating the PAST figure to current development and all improvement thus far.
I can tell financial is bad but there is figure improvement, I saw new business formed and ready to expand, I associated the new alliance strategy with potential.
I am giving fact (CAP-A figure is improving) and explanation (evidence that debt / interest paid, revenue & cash coming), then conclusion (not a bad counter because improvement, future vision and CAP-A is making huge progress) this company will survive.


14 hours ago

Sslee

What do you call a PN17 company with below net current liabilities?
CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Net current liabiliaties: (12,507,207): (8,509,066)

Is the balance sheet figures below tell the fact of financial improvement or deteriorating Y to Y?
CapA financial result
31/12/2023: 31/12/2022
RM'000: RM'000
Accumulated losses: (10,490,200): (8,923,188)
Total equity: (10,469,461): (9,516,958)
Shareholders' equity: (8,710,574): (5,725,093)

14 hours ago

EngineeringProfit

huat arrr....lai..lai...lai..........

22 minutes ago

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