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KLSE: AAX       AIRASIA X BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.225 0.31     +0.085 (37.78%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
12/12/2018 0.235 0.23 -0.005 (2.13%) HOLD PUBLIC BANK Price Target News
12/12/2018 0.235 0.22 -0.015 (6.38%) HOLD MIDF Price Target News
22/11/2018 0.225 0.23 +0.005 (2.22%) HOLD PUBLIC BANK Price Target News
22/11/2018 0.225 0.22 -0.005 (2.22%) HOLD MIDF Price Target News
22/11/2018 0.225 0.17 -0.055 (24.44%) SELL Affin Hwang Capital Price Target News
25/10/2018 0.245 0.23 -0.015 (6.12%) HOLD PUBLIC BANK Price Target News
25/10/2018 0.24 0.26 +0.02 (8.33%) HOLD MIDF Price Target News
24/10/2018 0.235 0.23 -0.005 (2.13%) HOLD PUBLIC BANK Price Target News
12/10/2018 0.245 0.26 +0.015 (6.12%) HOLD MIDF Price Target News
11/10/2018 0.245 0.26 +0.015 (6.12%) HOLD MIDF Price Target News
03/09/2018 0.32 0.35 +0.03 (9.38%) HOLD PUBLIC BANK Price Target News
03/09/2018 0.32 0.40 +0.08 (25.00%) BUY MIDF Price Target News
03/09/2018 0.32 0.28 -0.04 (12.50%) SELL Affin Hwang Capital Price Target News
27/07/2018 0.365 0.44 +0.075 (20.55%) TRADING BUY PUBLIC BANK Price Target News
27/07/2018 0.365 0.47 +0.105 (28.77%) BUY MIDF Price Target News
20/07/2018 0.36 0.47 +0.11 (30.56%) BUY MIDF Price Target News
17/07/2018 0.35 0.31 -0.04 (11.43%) SELL CIMB Price Target News


Price Target Research Article/News (past 6 months)
12/12/2018  PUBLIC BANK PublicInvest Research Headlines - 12 Dec 2018
12/12/2018  MIDF AirAsia X Berhad - Slapped With a Writ of Summons by MAHB
22/11/2018  PUBLIC BANK AirAsia X Berhad - Impacted By Rising Fuel Costs
22/11/2018  MIDF AirAsia X - Major Headwinds From Fuel Prices
22/11/2018  Affin Hwang Capital AirAsia X - a Very Bumpy Ride
25/10/2018  PUBLIC BANK Airasia X- Expect To Pick Up In 4Q
25/10/2018  MIDF AirAsia X Berhad - Fuel Price Volatility Bites Into Operating Stats
24/10/2018  PUBLIC BANK AirAsia X Berhad - Challenging Fuel & Yield Environment
12/10/2018  MIDF AirAsia X expected to return to the black in FY19
11/10/2018  MIDF AirAsia X Berhad - Fuel Price Risk Elevated
03/09/2018  PUBLIC BANK Airasia X Berhad - Seasonally Weaker 2Q
03/09/2018  MIDF AirAsia X Berhad - Challenges Embedded in Cost Structure
03/09/2018  Affin Hwang Capital AirAsia X - 2Q18: Falls Into Losses
27/07/2018  PUBLIC BANK Airasia X Berhad - 2QFY18 Operating Statistics
27/07/2018  MIDF AirAsia X - Healthy Operational Numbers in 2Q
20/07/2018  MIDF AirAsia X Berhad - Firming up the long-haul model
17/07/2018  CIMB CIMB Research retains Reduce on AirAsia X on high jet fuel price



  42 people like this.
 
Flyinghorse Next week drop below 0.20?
01/12/2018 11:31
carry Going to drop again
02/12/2018 08:56
Flyinghorse Sweat sweat sweat
02/12/2018 14:55
Flyinghorse 0.210 now. No volume.
03/12/2018 09:33
tehopeng Rebound!!!
03/12/2018 14:42
Ong Eng Lee Abunene counter going to bankrupt la, knn ccb
03/12/2018 16:34
Flyinghorse Hoho....closed at 0.230. Hope tomorrow continue up trend
03/12/2018 17:11
topotato What happened? I dont see any news about this
03/12/2018 18:58
samk Tan Sri Datin Paduka Sri Rafidah is the chairman of AAX ..she is the one who help the government and one of the favorite members who recently join BERSATU... government will cooperate with airlines to bring in more tourist to boost the economy... very bright future for AAX
03/12/2018 19:15
wiselythetrader AAX 5238 Overview 3 DEC 2018
http://wiselythetrader.com/aax-5238-overview-3-dec-2018/
03/12/2018 23:52
Flyinghorse Pray hard hard.....up up up
04/12/2018 10:14
Bornwinner Look positive
04/12/2018 11:29
kuan1209 04-Dec-2018 Insider DATUK KAMARUDIN BIN MERANUN (a substantial shareholder) acquired 13,177,700 shares on 03-Dec-2018.
04-Dec-2018 Insider DATUK KAMARUDIN BIN MERANUN (a substantial shareholder) acquired 12,000,000 shares on 30-Nov-2018.
04-Dec-2018 Insider TAN SRI ANTHONY FRANCIS FERNANDES (a substantial shareholder) acquired 11,783,500 shares on 03-Dec-2018.
04-Dec-2018 Insider DATUK KAMARUDIN BIN MERANUN (a company director) acquired 13,177,700 shares at 0.223 on 03-Dec-2018.
04-Dec-2018 Insider DATUK KAMARUDIN BIN MERANUN (a company director) acquired 12,000,000 shares at 0.211 on 30-Nov-2018.
04-Dec-2018 Insider TAN SRI ANTHONY FRANCIS FERNANDES (a company director) acquired 11,783,500 shares at 0.220 on 03-Dec-2018.
04/12/2018 18:51
Ong Eng Lee Who have so many shares to them?
04/12/2018 19:43
supersaiyan3 Hi, everybody! Greetings!!!!

Looks like something interesting has happened here.

Before i start, early last year i made a lot of money from Airasia. Then i switch to AAX. I was naive to believe KM's talk of privatisation, then i lose a lot of money.

So this time i will be a bit conservative dealing with AAX.

Ok. First, TF and KM steps down a few days ago. Both became non-executive directors, and handed the helm to Thailand's AAX CEO.

Announcement shows Thailand AAX is making profit for the last three years and that's why they chose this Nadda Buranasiri. (Strange enough another music guy)

Last few days TF and KM buying aggressively, signaling support and turnaround potential. (It doesn't mean they are right though)

Moreover, USD/MYR is weakening, will benefit AAX.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5955533

One more thing, they are dividing the planes among different subsidiaries, which signals they might be thinking of a similar deal like AAC.
04/12/2018 21:24
Ron90 means, price only up becos owner bought back its share, not due to fm or other investors confidence
04/12/2018 21:24
supersaiyan3 It's really annoying to see this AAX don't know how to make money. Previously TF commented MAS doesn't know who they are. AAX also don't know who they are.

With such a low cost, just a little bit of fine-tuning should make tons of profit, don't know why they always fail to do so.

About 6 years ago, TF came to my place to promote AAX IPO. I still remember he said: "the growth trajectory of AAX will be very very similar to Airasia. " Well, that was totally wrong.

They have changed their CEO, now chairman. Let's hope this time it will work.

Last year AAX got some free routes from Airasia, don't know if it work out but share price keep on falling.
04/12/2018 21:29
freetospeak long haul budget is very challenging so far no long haul budget airline is successfull in the world ...so be patient...if oil is down ...aax will profit...in future when ancillary income increase substantially to cover revenue..aax will be less dependant on low oil price...til then up n down is normal...
05/12/2018 08:12
kenneth_lbw today good show
05/12/2018 09:17
Flyinghorse Up up up.....now 0.245
05/12/2018 09:18
md1961 Why this AAX growth trajectory is not hte same as AirAsia?
05/12/2018 09:22
willc48 Something is blewing in AAX when Tony & Merican acquiring big chunk of AAX shares. Speculation AAX obtained rights to profitable routes.
05/12/2018 09:44
Vincent Tan The strong dollar is coming to end with the now weak oil put Fed in position to slow or halt further interest hike
05/12/2018 10:04
Vincent Tan we may see weaker dollar and low oil in 2019
05/12/2018 10:04
Ong Eng Lee Abunene style, useless counter. Exactly same as India military.... good in bibibi, but when ask to performance totally disappointed
05/12/2018 15:00
Flyinghorse Back to 0.240......haizzz
05/12/2018 15:28
Bornwinner Fly like a colorful & beautiful pair of Butterflies between AAX and AirAsia
05/12/2018 15:41
Flyinghorse Slipping again.....
06/12/2018 15:17
snwong13 .
https://www.cnbc.com/2018/12/06/forex-markets-dollar-yen-us-economy-in-focus.html
07/12/2018 07:16
Flyinghorse Seems like TF & Kamarudin been on a buying up quite a bit of AAX shares. Something brewing?
07/12/2018 09:31
Flyinghorse Let us wait for exciting news. Up up up up
07/12/2018 09:32
tshu99 maybe right issues again
07/12/2018 10:45
Flyinghorse Good sign. Going up. Now 0.250
07/12/2018 11:13
ilovekari Tony bought a lot... keep or sell?
07/12/2018 11:28
willc48 Watch out this share with keep buying by Tony & Merican. I will favour AAX than AirAsia for profit gain from shares.
07/12/2018 11:39
naaim207 Back to 0.240. hopeless
07/12/2018 16:21
Flyinghorse Drop back to 0.240. Haizzzz
07/12/2018 16:39
Ong Eng Lee One day Abunene, for ever abunene
07/12/2018 17:31
vcheekeong collect 0.24 today
07/12/2018 20:07
Buy1sell2 Weak uptrend. The inverted hammer is a signal that it is weak. Resistant at 25 sen and expect a retest at 21 sen currently support.
07/12/2018 20:44
tshu99 wait for right issue to take money from you
08/12/2018 03:59
supersaiyan3 TF and MK ran out of money? Wait Airasia special dividend then they got money to buy again.....lol
10/12/2018 09:37
commonsense Being a long haul budget airline, AAX is more sensitive to the movement of the oil price when compared to other airlines including its parent company AirAsia (which focus mainly on short distance travel). . This is why some people argues that oil price fluctuation are the flaw in the company's budget long haul model.

AAX cost per available seat kilometer excluding fuel (CASK) is actually one of the lowest in the industry at around 1.98 US cents. This is even lower then AirAsia's 2.2 cents and the full services carriers of about 5 to 6 cents. But given that it is a long haul budget service its revenue per ASK spread to CASK is very low compared to other airlines (basically this is the profit spread) . When jet fuel price increase, it could easily wipe out the profit and turn the operation into a loss which is what had happen this year.

Currently the jet fuel price is still trading at above USD80 per barrel (an average premium of USD20 vs Brent crude) which is above the level seen last year but a lot better than the 3Q18 average of USD90-100. Hopefully with the seasonally higher passengers carried and lower fuel cost, 4Q18 result might be able to return back to profit.

However for FY19 to be profitable it will all depend on the jet fuel cost. Anything above USD90 per barrel would mean a potential difficult year for AAX.

For those looking to diversify in companies outside of the airline industry, i would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.9x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Good luck.
11/12/2018 21:34
Ong Eng Lee Kena 30million summon? Tomorrow back to 20sens? Knn indian company. Left this counter better
11/12/2018 22:05
Davidyeap Now too high , 0.13 OK
11/12/2018 23:01
sokdotcom The main problem is poor Malaysia. More than 10000 km from Malaysia everything is expensive. Think la how can AAX profit from this. Malaysian can only travel to cheaper places.
12/12/2018 04:57
yongch Finally back to right issued price!!!waiting for 0.10 can buy some to keep!!!tp0.10!
13/12/2018 13:58
Wei Wong If whoever crazy enough come join me !!
Please invite crazy people to come in ok !!
I coming in !! !! Only for crazy people ya !! Why crazy because all my friends and relatives and other friends say I am crazy !! Hahahahaha will know in the future !!
13/12/2018 18:45
calvintaneng High debt company like AAX might face cash call by Rights Issue again

JUST SELL BEFORE IT CRASHES BELOW 20 SEN LATER
15/12/2018 18:30
Wei Wong Please read their report first !!
Is normal that a company has debt !!
Airlines debt comfirm high !!
And this is still young not as old as Air Asia !!
But if lagi drop I also happy de haha can collect lagi !!
15/12/2018 22:44


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