CAPITAL A BERHAD

KLSE (MYR): CAPITALA (5099)

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Last Price

0.70

Today's Change

+0.005 (0.72%)

Day's Change

0.70 - 0.71

Trading Volume

5,612,200

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
124 people like this. Showing 50 of 166,586 comments

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

5 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!

5 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% -

5 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.

5 days ago

Sslee

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

4 days ago

The_JQuestion

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

3 days ago

EngineeringProfit

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

2 days 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

2 days ago

stainlyho37

+ve..after clear 0.67....

2 days ago

pangolin

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

2 days ago

ikanbiliskering

back to rm1 possible? 😌

1 day ago

xiaoeh

what is your average cost Ikanbiliskering?

1 day ago

80gram

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

1 day 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.

1 day ago

Sslee

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

1 day 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

1 day 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 :))

1 day ago

Sslee

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

1 day ago

pangolin

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

1 day 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)

1 day 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.

1 day 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.

1 day ago

EngineeringProfit

Huat ar...lai lai lai

1 day 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.

1 day 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?

1 day 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 :))

1 day ago

Sslee

Is telling the truth hurt you?

1 day 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'.

1 day 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。

1 day 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?

1 day 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.


1 day 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)

1 day ago

EngineeringProfit

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

22 hours ago

EngineeringProfit

Hihi

10 hours ago

Nepo

Good or bad to Capital A shareholders?

Because i saw 10 angry faces and zero happy face in China press..

10 hours ago

Mabel

Haha the reason why Mabel put her money in PN17 Sapura Energy and Capital A is because she wants to be part of their turnaround journey. Capital A, who is the CEO? Sapura who is the CEO?

Here lies the differences:

One can start from Zero to be a Hero.
Satu lagi kena jual ini jual itu sampai Zero.

Let's see how these two CEO (Sapnrg and CapitalA) managed their turnaround. So far both of these PN17 Companies have been profitable and not a liability for Mabel to hold.

Coming to think of it it's prudent for Sapnrg to exit the EP game. It’s for big boys like Petronas, Shell, Aramco who have deep pockets and 20/30y ROI Horizons. Best for sapnrg to stick to EPCC business as they are not getting any support and time is running out of the Regulation Plan timeline.

This week, too many Big Boys especially the bankers are throwing Sap at 5 and 6...All chicken..Tengok Capital A this week shoot up despite tension between Iran and Israel with high oil price. Capital A climb while Sapnrg remains status quo.

Bottom line, no one want to touch Sap but willing to touch Capital A...

Looks like Tony seems to be better Magician than Anuar ...

Captain Mabel Meow

10 hours ago

kyzertai



The new share list with rm1.30 ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.

https://theedgemalaysia.com/node/709390

8 hours ago

Mabel

Meow Meow Meow

8 hours ago

kyzertai

The new share list with rm1.30 then aax share 1 to 1 swap to new share ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.

https://theedgemalaysia.com/node/709390

8 hours ago

Mabel

Touche Bro...

This is a stark difference between Engineers & Accountants...Engineers are linear in thinking.... accountants hv lateral thinking...that's why you see Tony is a magician.. make tons of money not from internal fund.

8 hours ago

kyzertai

Ya, this idea are really magic as believe it lift up price indirectly from new share

8 hours ago

Sslee

AAX will swap their shares in AAX with shares of the NewCo — Airasia Group Sdn Bhd — on a one-to-one basis.

The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.

My opinion:
Engineer work according to the law of physics and chemistry to create many wonders of the word.

Accountant can be very creative like magician giving the illusion of create money out of thin air.

But remember money do not fall from the sky. And according to our legal law if AAX/newco default on any debts transfer from capA then i'm afraid Stony and the whole BOD most likely will end up in jail for below offences:

The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:

“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:

“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration

48 minutes ago

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26 minutes ago

paulthesotong

Is this the biggest deal of the last decade?

12 minutes ago

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