Highlights
KLSE: AAX (5238)       AIRASIA X BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.055   0.00 (0.00%)  0.055 - 0.06  2,915,100
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Overview

Market Cap: 228 Million
NOSH: 4,148 Million
Avg Volume (4 weeks):8,045,984
4 Weeks Range:0.05 - 0.07
4 Weeks Price Volatility (%):
25.00%
52 Weeks Range:0.04 - 0.18
52 Weeks Price Volatility (%):
10.71%
Average Price Target: 0.03
Price Target Upside/Downside: -0.025
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  26-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  13-Nov-2020
T4Q P/E | EY: -0.19  |  -517.49%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: -0.23  |  0.00
T4Q NP Margin | ROE: -36.60%  |  0.00%

Headlines

Date Subject
28-Sep-2020 AirAsia expected to have another round of retrenchments — source
07-Sep-2020 PublicInvest Research Headlines - 7 Sept 2020
07-Sep-2020 Mplus Market Pulse - 7 Sep 2020
05-Sep-2020 中银航空租赁·向亚航X求偿9532万
29-Aug-2020 Seven Thai airlines seek US$770mil in state support
27-Aug-2020 结论篇:长途廉航商业模式为何发展不起来?Long-Haul Budget Airline's Golden Era is Yet to Come? (Part 4/4) - 陈剑
27-Aug-2020 【行家论股/视频】亚航长程 重组未果展望暗淡
27-Aug-2020 AirAsia X Berhad- Remains In Hibernation
26-Aug-2020 亚航长程(AirAsia-X)的IPO认购经验教训和心得体会(Part.3) - 陈剑
25-Aug-2020 亚航长程(AirAsia-X)的IPO认购经验教训和心得体会(Part.2) - 陈剑
12-Aug-2020 Airlines- Minimal Operations in 2QFY20
11-Aug-2020 PublicInvest Research Headlines - 11 Aug 2020
11-Aug-2020 Mplus Market Pulse - 11 Aug 2020
11-Aug-2020 继续停飞·亚航X次季载客率38%
10-Aug-2020 AIRASIA X IR NEWS: Second Quarter 2020 Preliminary Operating Statistics
08-Aug-2020 AirAsia secures RM1bil financing
04-Aug-2020 AirAsia X 亏损严重,目标价被砍至零 !
03-Aug-2020 Mplus Market Pulse - 3 Aug 2020
03-Aug-2020 AAX slips on active trade as analysts warn that 'worst yet to come'
03-Aug-2020 丑妇终须见家翁/万年船

Business Background

AirAsia X Berhad is a Malaysia-based company, which is engaged in providing long-haul air transportation services. It operates a fleet of more than 25 A330-300 aircraft. The airline serves the geographical region of North Asia, Australia, and West Asia and the Middle East and derives revenue through freight services, aircraft operating lease income, management fees and through other activity. It also offers management logistical and marketing services, and engine and aircraft leasing services.
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  44 people like this.
 
DreamGladiator no clue
06/09/2020 12:04 PM
bjgdila123 tunggu 0.01
06/09/2020 12:15 PM
i3lurker court case

winding up mari

monday sure limit down to 0.005 sen per share.
06/09/2020 5:31 PM
Jeffreyteck Propose 100 reduce to 1, right issues 100 for one, bond issue $100 for one at 2.5% plus sweeter free warrant. Extremely poor management as layman highlighted needs of capital injection last 2 years but they don't even look at i3 with so many experts and complimentary advices where not even need to pay a single cent unlike bod.
07/09/2020 8:12 AM
mf Asia stocks set to trade lower as U.S.-China tech tensions rise; Chinese August trade data expected
07/09/2020 8:15 AM
Jeffreyteck Anyway, stock code itself is a bad fung shui, request for a change, at least not so bad. Bursa code is 1818, how best kaya two times.
07/09/2020 8:15 AM
AK https://www.freemalaysiatoday.com/category/business/2020/09/04/airasia-x-sued-for-rm95-4mil-aircraft-lease-dues/
07/09/2020 10:23 AM
AK https://www.freemalaysiatoday.com/category/highlight/2020/09/07/uk-lawsuit-puts-airasia-xs-recovery-from-covid-19-at-risk/
07/09/2020 3:54 PM
yameyamo buy at 0.04-0.05
07/09/2020 6:09 PM
shortinvestor77 You got it?
07/09/2020 8:40 PM
$$$ ^v^ GOODLUCK ^v^ $$$ public bank target 0.01 cent.
07/09/2020 11:25 PM
kens88 Give free or rm0.01 can consider la. Super high downside.
07/09/2020 11:54 PM
sharewiz118 TP RM 0.02 cent markah kesian
08/09/2020 9:27 PM
tkl88 Wow, Amazing !
Oil price already turn green and spike up like mad !

As at 4.15pm,
Nymex at => $37.52 (+0.76) (+2.07 %) !
Brent at => $46.17 (+0.62) (+1.56 %) !
09/09/2020 4:16 PM
TuaTuaLiap Looks like it's a TKO for AAX
09/09/2020 4:52 PM
tkl88 BNM seen making final 25bps OPR cut as early as September — DBS
Chong Jin Hun / theedgemarkets.com
August 31, 2020 13:15 pm +08

https://www.theedgemarkets.com/article/bnm-seen-making-final-25bps-opr-cut-early-september-%E2%80%94-dbs

KUALA LUMPUR (Aug 31): Bank Negara Malaysia (BNM) is expected to make one final 25 basis point (bps) cut in the Overnight Policy Rate (OPR) as early as in the central bank’s next Monetary Policy Committee (MPC) meeting on Sept 10, 2020 in anticipation of an arduous economic recovery path ahead, DBS Group said today.

DBS senior economist Irvin Seah and strategist Duncan Tan wrote in a note that there is room for further monetary easing to support economic growth in the coming months.

"Onshore IRS (interest rate swap) markets are pricing ~70-80% chance for one last BNM rate cut (25bps) of this easing cycle, either to occur at the Sept 10 or Nov 3 meeting. This would mean BNM hitting our estimate of the policy lower bound of 1.5%, by the end of the year.

"Note (that) BNM had cut the OPR by a total of 125bps year-to-date to 1.75% to complement the equally robust fiscal measures aimed at buffering the economy from the impact of the pandemic. But with growth surprising on the downside and an arduous recovery path ahead notwithstanding, there is room for further monetary easing to support growth in the coming months.

"As such, we now expect one final 25bps cut by BNM as early as in the forthcoming September meeting, to better align the risks in both inflation and growth,” Seah and Tan said.

According to them, Malaysia’s real gross domestic product (GDP) growth contracted by a sharp 17.1% in the second quarter of 2020 (2Q20) from a year earlier. In quarterly terms, they said 2Q20 GDP dropped 51.3% from 1Q20.

They said beyond the direct impact of the Covid-19 pandemic on the health front and strong external headwinds resulting from a slump in global demand, the implementation of Malaysia's Movement Control Order (MCO) to curb the spread of the pandemic is the main factor behind the 2Q20 growth downturn.

"The downside surprise in 2Q GDP growth has significantly lowered the growth trajectory for the full year. The anticipated turnaround in the third and fourth quarter may not be enough to offset the sharp second quarter decline.

"Headline GDP growth will remain stuck in negative territory for the rest of the year. We have thus lowered our 2020 full year GDP growth forecast to -5.5%, which is at the lower end of the official forecast range of -5.5% to - 3.5%, and the lowest since the Asian Financial Crisis, (during) which the economy contracted by 7.4% in 1998. However, with the low base this year and the global recovery that is currently underway, albeit slowly, we see (Malaysia’s) GDP growth rebounding to 6.0% in 2021,” they said.

Malaysia’s disinflationary pressure is seen building up and the nation’s negative output gap is seen widening amid recessionary economic conditions. Seah and Tan said today even though inflation, as measured by the consumer price index (CPI), has recovered to -1.3% in July, the headline number is expected to remain stuck in negative level for the rest of 2020.

Full year (2020) inflation is projected to average -1.1% before rebounding to 1.8% in 2021, they said.

Malaysia's MCO, which was initially scheduled between March 18 and 31, 2020, requires non-essential businesses to stop operations, while the public was ordered to stay at home to curb the Covid-19 outbreak.

On March 25, Prime Minister Tan Sri Muhyiddin Yassin said the government decided to extend the MCO until April 14, because updates from the National Security Council and the Health Ministry indicated an increase in Covid-19 cases.

On April 10, Muhyiddin said the government was extending the MCO until April 28.

On April 23, Muhyiddin said the MCO would be extended for another two weeks until May 12.

On May 4, news reports, quoting Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob, indicated that regulations under phase four of the MCO were null and void with the commencement of the conditional movement control order (CMCO) or phase five of the MCO.

On May 10, Muhyiddin said the CMCO would be extended to June 9.

On June 7, Muhyiddin said the CMCO scheduled to expire on June 9 will be replaced with the recovery movement control order (RMCO) beginning June 10 until today.

On Friday (Aug 28), news reports quoting Muhyiddin, reported that the RMCO has been extended until Dec 31, 2020.
09/09/2020 5:29 PM
tkl88 Report: Bank Negara expected to reduce OPR to record low of 1.5%
FMT Reporters -September 8, 2020 6:14 PM

https://www.freemalaysiatoday.com/category/highlight/2020/09/08/report-bank-negara-expected-to-reduce-opr-to-record-low-of-1-5/

PETALING JAYA: Bank Negara Malaysia (BNM) will reduce its overnight policy rate (OPR) by a further 25 basis points (bps), say seven out of 13 economists polled by Reuters.

An announcement is expected following the central bank’s policy meeting on Thursday.

Such a move will also see the OPR reduced to a record low of 1.5%, with BNM having already delivered 125 bps of rate cuts this year. The last cut of 25 bps was announced on July 7.

The remaining six economists, however, believe that the current 1.75%, also a historic low, will be maintained.

According to the report, policymakers might have to balance the need to support a virus-hit economy with a pick-up in exports.

The country’s reliance on exports has seen the economy hit badly in the second quarter (Q2) of the year due to the fallout from the coronavirus pandemic.

However, exports have started to rebound in Q3.

“Even though a pick-up in exports should support manufacturing, the rest of the economy will continue to be under downward pressure,” Prakash Sakpal, Asia senior economist for ING told Reuters.

“Mining, construction and services were the worst-affected in Q2 and will remain so over the rest of the year,” he was quoted as saying.

He added that the increase in unemployment numbers was also hurting consumer spending.

Meanwhile, Malaysia’s exports rose for the second straight month in July. This was an increase of 3.1% from a year earlier, thanks to higher shipments of manufactured goods and agricultural commodities.

However, with unemployment rising to 5.1% in Q2 and consumer prices continuing to fall in July, the signs are that the Malaysian economy is still struggling.
09/09/2020 5:36 PM
tkl88 Wow, Dow Jones Futures was super green !

As at 6.13pm,
Dow Jones Futures at=> 27,716.5 (+191.5) (+0.70 %) !
09/09/2020 6:15 PM
sharewiz118 TP RM 0.02 cent
09/09/2020 9:57 PM
tkl88 Walaoeh, Dow Jones super bull run !‬

‪Dow Jones closed at=>‬ 27,940.47 (+439.58) (+1.60 %) !
10/09/2020 6:50 AM
tkl88 OPR maintain at 1.75 %
Tommorrow onwards KLSE will spike up liao !

BREAKING : Bank Negara Malaysia decides to maintain the Overnight Policy Rate (OPR) at 1.75%, citing improvement in economic activity

https://mobile.twitter.com/pelhambluefund/status/1303951728996278272?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
10/09/2020 3:28 PM
AK https://www.thestar.com.my/business/business-news/2020/09/11/mro-unit-may-add-rm1bil-to-airasia-earnings
11/09/2020 9:56 AM
tkl88 马新开启互惠绿色通道·8月飞行人次增7% - 全国新闻 ... - 星洲日报
https://www.sinchew.com.my/content/content_2341269.html

随着马新在上个月开启互惠绿色通道(RGL),国内飞行航班也持续呈复苏迹象,在8月有140万飞行人次、较7月的飞行人次增加了2万4209人 ...
12/09/2020 12:31 PM
tkl88 Below is my own translate from Sinchew Jit Poh's cover on Airasia...

2020-09-11 19:20:23
马新开启互惠绿色通道·8月飞行人次增7%
=>With the opening of the Reciprocal Green Channel (RGL) with Singapore last month, domestic flights in August increased by 7% from July.


(KL 11tth Sept reported) With the opening of the Reciprocal Green Channel (RGL) with Singapore last month, domestic flights continued to show signs of recovery. There were 1.4 million flights in August, an increase of 24,209 or 7% from July.


Business air flights was recovery stage by stage
MAHB today said in the report that after we enter to the MCO stage, our domestic's business air flights and cargo is in it's recovery
stage by stage, which in July 2020 recorded it's million passengers record after the MCO was introduced.

From the report, also stated that All Malaysia's domestic airports flights frequency in August all recorded hugh increase, especially KLIA's
flights frequency was increased by 33 %, Penang, Langkawi, Api-api & Kuching international airports all together combine recorded
an increase of 75 %

The main reason of this is because of the Reciprocal Green Channel (RGL) with Singapore last month, making Malaysia's 3 local
airline companies and oversea airline companies such as Scoot Airways & Jetstar Aisa Airways all resume their flights.

Beside that, local residents taking advantage of the school holiday, merdeka day & Awal Muharram public holidays, go out travel locally,
this futher stimulate the flights increments.
12/09/2020 2:26 PM
tkl88 Domestic's air route contribute 90% of the Carrying Capacity
KLIA's CEO Dato' Mohd Shukrie Mohd Salleh said that Malaysia's aviation sector currently's 90 % of the
passengers all was contributed by domestic air routes. So, domestic's market obviously will be our
country's aviation sector getting recovery and become prosperous's main key.

"We felt happy to see public return confidence in travel by air flights,
we can see the demands from the increments from the air flights frequency,
currently Kuala Lumpur recorded a 149 air flights frequency per weeks.
Etihad Airways also resume their flights to Malaysia in August, this is the first airline company
resume their flights to Malaysia since the pandemic happend.


My Jet Xpress going to introduce the Sabah & Sarawak flights
KLIA got announce also, My Jet Xpress going to introduce 2 new air routes from 1)KLSE - Api-Api 2)KLIA - Kuching

At the same time, Malaysia's airports in Turkey's Istanbul Sabiha Gökçen International Airport 's business,
in August also recorded an incease of 50 % in both flights and travellers, which amounting
13,472 flights and 1.8 millions travellers.

Because of the incease of the bookings and passengers, 3 oversea's airline companies also resume their
go-return air routes from Turkey. They are Pebeda, Jazeera and Nile Air, which they in August resume
their 3 flights and 4 flights per week.

Since Turkey's air flights recorded a tremendous and encouraging incements, Malaysia currently's whole
airport total passengers already breaking 3 millions big level.
Dato' Mohd Shukrie said, since our aviation sector was recovery stage by stage, KLIA also will
better the security and the effectiveness & efficiency, to let the passengers experiencing
a better flights experience.

"We will get ready and fully prepare, we estimated that once the border was fully opened up, the
air flights and passengers will once again recorded hugh increase,
we will make our best efforts in order to give our partners's of airline commpanies and retailers
full supports, let them getting recovery from this pandemic and resume to their normal operation,
at the same time making the airport in this new era, resume to it's normal operation
with complying the standard SOP been introduced."

Source From: Sin Chew Jit Poh 2020-09-11
12/09/2020 2:27 PM
Nepo One step to bankrupt
12/09/2020 9:41 PM
freddiehero aax in trouble, aa will be infect soon..
12/09/2020 9:47 PM
sharewiz118 PN 17 is at the door step
13/09/2020 7:59 PM
B4b4 Sinovac coming soon. Everyone can fly again
14/09/2020 4:13 PM
Jeffreyteck Thai Airways gets approval for US$11bil rescue plan, how much AAX needs? Better to put under bankruptcy and set up a new one, more efficient than rescuing.
15/09/2020 7:50 AM
B4b4 https://api.nationalgeographic.com/distribution/public/amp/science/health-and-human-body/human-diseases/coronavirus-vaccine-tracker-how-they-work-latest-developments-cvd
15/09/2020 8:28 AM
Josh72 adoi sampai bila
15/09/2020 8:38 AM
Sean Lim anyone attend the online AGM today? got free flight ticket?
15/09/2020 5:59 PM
Good123 Gov't will not rush into reopening country's borders, will continue to check entry of illegal immigrants — PM Muhyiddin

Bernama

/

Bernama


September 15, 2020 20:40 pm 08
15/09/2020 8:49 PM
Good123 PM Muhyiddin reminds people MCO may have to be reimposed if there is drastic increase in Covid-19 cases

Bernama

/

Bernama


September 15, 2020 20:42 pm 08
15/09/2020 8:52 PM
tkl88 Oil rises 2%, reverses loses as OPEC+ addresses market weakness
Jessica Resnick-Ault
THU SEP 17, 2020 / 3:13 PM EDT

https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN26804N

Nymex=>at $40.97 (+$0.81) (+2.02%) !
Brent=> at $43.30 (+$1.08) (+2.56%) !

NEW YORK (Reuters) - Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.
"Although no amendments to the current supply-cut deal have been proposed by OPEC+ today, the producers group gave the impression that it does not sweep troubles under the carpet," said Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.
The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction target of 7.7 million barrels per day (bpd), or around 8% of global demand, according to a draft press release and an internal report.
The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three OPEC+ sources.
"They were coming down hard on the UAE," said Phil Flynn, senior analyst at Price Futures Group in New York. The expectation that output could fall as the UAE and others trim production bolstered prices, he said.
The OPEC news overshadowed the restart of U.S. offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish U.S. economic news.
U.S. energy companies were starting to return crews to offshore oil platforms in the Gulf of Mexico after Sally halted operations for five days, shutting down nearly 500,000 bpd of output.
Prices were also under pressure from the slow economic recovery from the pandemic.
Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally.
The U.S. Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools.
Even OPEC+ cautioned that the pandemic could continue to curb demand. An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters.
18/09/2020 7:19 AM
tkl88 Walaoeh, oil price spike up like mad !
Today Travel & Tourism counters will be spike up to sky high already !
Huat ah ! Heng ah ! Ong ah !
18/09/2020 8:03 AM
yameyamo Byebye aax
18/09/2020 11:05 AM
yameyamo 0.04 BUy
18/09/2020 11:58 AM
eipun203 Nobody can fly .... aax this time really gg
18/09/2020 4:47 PM
cockroach still got people put hope on this sunset business?
20/09/2020 10:36 AM
sharewiz118 PN 17 coming !, Debtors coming !, Ah Long and Bill collectors also coming !!! Run and run
20/09/2020 7:48 PM
ian0311 i think aax going to delist soon
20/09/2020 7:50 PM
EVO118 One hell of a dump for the day!
21/09/2020 3:27 PM
Jeffreyteck MAS has to defer loan settlement, how AAX could survive?
24/09/2020 7:52 AM
georgethefirst Paying 6 sen for a stock which is worth negative 23 sen is NOT an investment. The company will suffer more losses in next few quarters.
25/09/2020 2:38 PM
paktua73 Post removed. Why?
27/09/2020 6:52 AM
tkl88 Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !
It’s good for our economy, like that next week KLSE will be spike up like mad already !
27/09/2020 11:29 AM
EVO118 TF need to keep his hands & eyes on AAX & AA, the core business instead of diverting his attention the digital platform before it is too late.
28/09/2020 6:40 PM
tkl88 Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 %) !
28/09/2020 11:56 PM


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