Highlights
KLSE: AAX (5238)       AIRASIA X BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.055   -0.005 (8.33%)  0.055 - 0.06  1,441,000
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Overview

Market Cap: 228 Million
NOSH: 4,148 Million
Avg Volume (4 weeks):3,626,830
4 Weeks Range:0.055 - 0.07
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:0.04 - 0.115
52 Weeks Price Volatility (%):
20.00%
Average Price Target: 0.13
Price Target Upside/Downside: +0.075
Stamp duty exempted for year 2022

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2021 [#1]  |  23-Nov-2021
Next QR | Est. Ann. Date: 31-Dec-2021  |  26-Feb-2022
T4Q P/E | EY: -0.01  |  -13,421.03%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: -8.1316  |  0.00
T4Q NP Margin | ROE: -11,568.98%  |  0.00%

Headlines

Date Subject
21-Jan-2022 PublicInvest Research Headlines - 21 Jan 2022
21-Jan-2022 Mplus Market Pulse - 21 Jan 2022
17-Dec-2021 Mplus Market Pulse - 17 Dec 2021
25-Nov-2021 AirAsia X explains no-refund policy, says ‘if we’re dead, passengers get nothing’
24-Nov-2021 Airasia X Berhad - Air Cargo Provides Lifeline
24-Nov-2021 Mplus Market Pulse - 24 Nov 2021
23-Nov-2021 AirAsia X records net loss of 149.14mil in Q1
22-Nov-2021 Airasia X Berhad - Second Chance
15-Nov-2021 AirAsia X Berhad - Creditors Agree to Restructuring
15-Nov-2021 Mplus Market Pulse - 15 Nov 2021
13-Nov-2021 Mavcom to act on AAX if ticket purchases not reimbursed accordingly, says customers should not be classified as creditors
12-Nov-2021 AAX Creditors: Can AAX treating its customers as creditors and repay them only 0.5 sen for every ringgit paid
12-Nov-2021 Evening Market Summary - 12 Nov 2021
11-Nov-2021 PublicInvest Research Headlines - 11 Nov 2021
10-Nov-2021 Need for fairer AirAsia X's debt scheme for consumers, agents: Matta
02-Nov-2021 Evening Market Summary - 2 Nov 2021
01-Nov-2021 AirAsia X: The trauma of a budget carrier valued at 1 sen
01-Nov-2021 AirAxia X Berhad - Slips into PN17
22-Oct-2021 Report: AirAsia X touts possible fly-with-credit scheme to passengers if restructuring plan gets go-ahead
21-Oct-2021 AirAsia X passengers might as well kiss their refund prospects good-bye

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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  45 people like this.
 
IronShirt better SELL public Bank ( buy Call). I think PB lends alot money to aax....You pay RM8 for aax
7sens share. I think PB has lost all his marbles ( cannot recovered ....just write Off )
24/11/2021 4:54 PM
Sslee TP of RM0.13 based on 4x EV/EBITDA of FY23E.

So do PB mean after 10 to 1 consolidation TP 0.13.
24/11/2021 5:13 PM
HamsterHuat CONsolidation only happen after received approval for debt restructuring lah.

Now tok1...tok2...tok3...tok Kok also useless.
Important get the minimal approval 1st for debt restructuring.....then only can DREAM of CONsolidation ....

AAX cannot plan ahead lah....
must follow SOP

Step 1
Approval for debt restructuring

Step 2
Raise funds thru CONsolidation, PP, Free Warrant...RI.....whateverlah.

Now....Step 1 also not yet settled....jump pulak to Step 2

Need AAX to press MAS in offering value for money for air flight lah.
if not, MAS will be LCLY suka hati jack up flight price and there is nothing PIPITssss can do about it.
25/11/2021 1:15 PM
Legend AirAsia X explains no-refund policy, says if it can’t operate, ‘passengers get nothing’
KUALA LUMPUR, Nov 25 — Financially crippled budget airline AirAsia X Bhd (AAX) sought to explain why it cannot give refunds in cash to passengers who are also listed as “creditors” in its debt restructuring scheme.

AAX CEO Benyamin Ismail told news portal The Vibes in a report published today that the company cannot afford refunds as it does not have enough cash flow, but will be providing flight credits that can be redeemed when international flights resume.

Benyamin also explained AAX’s debt restructuring scheme that was reported on October 18 and approved on November 12, where it had among other things proposed paying off 0.5 per cent of over US$8 billion (RM33 billion) owed to creditors.

AAX’s proposed debt restructuring plan had required approval from its creditors, with the alternative being AAX’s liquidation and with zero recovery of funds expected for creditors.

Out of RM63.5 billion in debt, AAX reportedly owes RM600 million to passengers and travel agents.

Benyamin said that all creditors were seen as those to whom the company owed money when it made the restructuring plan.

“One of them (creditors) is the passengers. We cannot treat anybody differently. If we are to exclude the passengers, the creditors — who are other companies — will complain and ask why we treat passengers differently.

“In the scheme itself, everyone will be affected by the restructuring, but what we did in the court documents was say that the company is flexible in terms of giving back benefits to the passengers.

“But the scheme speaks for itself. We have to be fair to all creditors. Is it better for the passengers if we are alive or dead? If we’re dead, the passengers get nothing. But if we’re alive, they will get all the credits, so which one would passengers prefer?” he was quoted saying.

On the credits to be given to AAX passengers, Benyamin was quoted saying: “We may provide credit value for what they purchased, so if they bought something for RM1,000 (before), we will give it in credits with flexible terms.”

Benyamin was reported saying that the reopening of international borders and the resuming of international flights could be up to a year later, and that AAX will for now look into how customers can use the credits.

“We will do that over time once the flights have resumed. At the end of the day, the passengers are the bread and butter for this airline. If we were to shortchange them, it would have a big impact on the brand and the airline as well,” he was quoted saying.

On November 10, the Malaysian Association of Tour and Travel Agents (Matta) asked for a fairer compensation scheme compared with the suggested 0.5 per cent debt payment under the proposed restructuring scheme that would see travel agents, charter agents and passengers receiving RM3.0 million out of the RM599.8 million owed, asking AAX to either give a full debt settlement rate or to convert all outstanding liabilities into future credit points.

Following Matta’s call, the Malaysian Aviation Commission (Mavcom) on November 11 said it had in a letter on that day to AAX urged the company to reassess the proposal to treat passengers as creditors and to pay only 0.5 per cent of the tickets’ value under the debt restructuring plan announced on October 18, reiterating that passengers should be reimbursed for the tickets bought and also noting that AAX had repeatedly assured it is committed to reimburse passengers would could not fly due to cancelled flights.

Benyamin said that AAX will deal directly with Mavcom.

On November 12 which was also when AAX creditors approved the debt restructuring plan, AAX director Tan Sri Tony Fernandes told passengers affected by the debt restructuring that the company intends to provide travel credits that can be used to buy flight tickets in the future once international borders reopen.

On November 15, AAX was reported saying that affected passengers would be receiving the travel credits, as well as 0.5 per cent payment of what is owed to them and other cash-based entitlements based on its annual revenue performance over three years.

On November 23, AAX was reported to have recorded an RM149.14 million net loss and revenue of RM99.27 million for the first quarter of 2021 ending September 30, 2021.

Related Articles AirAsia X says it will give travel credits to passengers affected by its debt restructuring Public Investment Bank upgrades AirAsia X to ‘neutral’ Mavcom says air travel consumers not creditors, wants AirAsia X to reimburse customers for tickets purchased.
25/11/2021 6:39 PM
EVO118 Mavcom should put a stop to this. They can stop AAX from flying in Malaysia completely if customer's purchases are not refund. Even if credits are given they should at least be double to cover their generousity to AAX. Should not treat your customer with contempt for their willingness to wait for refund. There should be no free credit courtesy of your customer. Mavcom have every right to put a stop to this abuse.
26/11/2021 6:23 AM
EVO118 As a customer I would rather AAX be dead and I don't get anything. I am not your investor but your customer!
26/11/2021 7:30 AM
drobertp40 Evo118, Aax has been in deep coma for awhile, some people whom I admire are trying to revive it. All you need is some people to ask for their pound of flesh now to put the last nail to the coffin. To me, that's what you are asking or rather the competitors of Aax are asking.
26/11/2021 7:43 AM
EVO118 With AAX gone there will always be another airline willing to come forward and fill the business void created by AAX. That is the real life business world. I am not there to fund your operations. I hope the day will come for someone to write a book of the "Rise and fall of Tony Fernandes".
26/11/2021 7:59 AM
EVO118 If you want us to help you, you could at least offer to double our credits as compensation for our generosity. After all it is not a refund (at this stage, no cash needed) but can only be used if AAX is flying again which means by then they can afford it. YES. I AM A VERY UNHAPPY CUSTOMER.
26/11/2021 8:12 AM
i3lurker Yes that is the correct solution.

AAX should be allowed to die with dignity.

Dun become a doctor that chops off 2 hands, 4 legs, a nose, 2 eyes, 2 ears, penis and 2 balls, whole tongue, 10 ribs, 75% of stomach, 90% of intestines, half of pancreas, 90% of liver, complete spleen removal, gall bladder and also lobotomize the brain.

AAX is very grisly now, nothing is left.
AAX is just like chopped off 2 hands, 4 legs, a nose, 2 eyes, 2 ears, penis and 2 balls, whole tongue, 10 ribs, 75% of stomach, 90% of intestines, half of pancreas, 90% of liver, complete spleen removal, gall bladder and also lobotomize the brain.

Travelers are advised to buy tickets of any other airlines....
=> that does not have chopped off 2 hands, 4 legs, a nose, 2 eyes, 2 ears, penis and 2 balls, whole tongue, 10 ribs, 75% of stomach, 90% of intestines, half of pancreas, 90% of liver, complete spleen removal, gall bladder and also lobotomize the brain.



Posted by EVO118 > Nov 26, 2021 7:59 AM | Report Abuse

With AAX gone there will always be another airline willing to come forward and fill the business void created by AAX. That is the real life business world. I am not there to fund your operations. I hope the day will come for someone to write a book of the "Rise and fall of Tony Fernandes".
26/11/2021 8:20 AM
Ppmaster This counter fair price is 0.02-0.03.
26/11/2021 9:09 AM
EVO118 Tony has got lots of money. He sold his Lonon estate about a year ago in preparation for a possible bankrupcy proceeding, got a hugh dividend payout from AA all about a year ago and start moving money into AA's new project e-commerce now worth $Billions and still crying no money. Worst of all here is a Malaysian taking advantage of fellow Malaysians in time of crisis (over 90% of their customers are Malaysians) by taking advantage of their purchases and using it as interest free funds and now refuse to pay in full. Can't say they didn't know because their special offer of flights was advertised at the beginning of Covid-19 by another most dishonouable Tan Sri Rafidah Aziz (somebody who I previously held a high esteem of).
26/11/2021 10:06 AM
BuySoLow SellEvenLower Worst case scenario - AAX will strip all aircraft seat and give each passenger a seat to take home. Priority seat / captain seat will be for passengers who AAX owe more $$, toilet seat will be for those passengers that AAX owe less $$.
26/11/2021 10:28 AM
HamsterHuat Fair price 0.02 or 0.03?
kidding, right?

if Debt restructuring failed....it is ZERO lo.

i would rather have AAX still flying so that we all can still have competitive fares...
26/11/2021 10:35 AM
Donator How come creditor can accept 0.5% ? Anyone can explain?
26/11/2021 12:05 PM
ken2004 ‘if we’re dead, passengers get nothing’, can i tell this to my bank also to give me interest free moratorium? AAX can, why can't we lol
26/11/2021 8:20 PM
weisheng1998 alert: new variant from africa~
26/11/2021 8:59 PM
Legend TP 0.03
27/11/2021 12:26 AM
i3lurker AAX is very grisly now, nothing is left.
AAX is just like chopped off 2 hands, 4 legs, a nose, 2 eyes, 2 ears, penis and 2 balls, whole tongue, 10 ribs, 75% of stomach, 90% of intestines, half of pancreas, 90% of liver, complete spleen removal, gall bladder and also lobotomize the brain.

you wanna buy this type of company?

even if AAX plane tickets given to me free, I dare not fly.

I rather pay Emirates or SIA RM10,000 per ticket also never mind
27/11/2021 12:35 AM
Sneakpeek African variant now..no hope la
27/11/2021 11:23 AM
Legend They never want this to end...
27/11/2021 11:28 AM
EVO118 Why AirAsia and AAX customers are not creditors – P. Gunasegaram
https://www.thevibes.com/articles/opinion/48154/why-airasia-and-airasia-x-customers-are-not-creditors-p-gunasegaram
27/11/2021 3:27 PM
EVO118 Like they say "If we are going to get $5 for every $1000", they might as well be dead. I am prepare to by-pass my nasi lemak, kaya toast and teh tarik, just for the pleasure of seeing this mob dead! Yeh, I am a very bitter, unhappy ex-customer who will never be back. BETTER BELIEVE IT, THERE ARE MORE LIKE ME OUT THERE. It's just that most of us Malaysian are not prepared to stand up and be counted, which is why it took us so long to knock off Barisan.
27/11/2021 10:53 PM
EVO118 Also , I think there is a case for CBT to be file against all the Directors. First of all, the customer's money does not belong to you, you never delivered anything in return for their payment. This mean the money should have been held in trust and not be used to pay off your creditors. Secondly, if like Benyamin Ismail say "the company cannot afford refunds as it does not have enough cash flow", then why are they still allowed to operate. If a Director allows an insolvent company to continue then they are personally liable. Maybe there is some smart legal firm out there who might see the opportunity to organise a class action against all the Directors on behalf of all customers who have prepaid. According to Gunasegaram there is $500million of advance payments. I think there should be enough cut out of this to pay the lawyers. All the lawyers need is for all advanced payment customers to come to them to take this action. Better than $5 out of $1000.
27/11/2021 11:21 PM
i3lurker yes
you are right

Under certain circumstances, directors may be liable for debts incurred by the company when the company is unable to pay those debts, as and when they fall due (the company is insolvent). This is because one of the fundamental duties of a director of any company is to ensure that the company does not trade while it is insolvent


Posted by EVO118 > Nov 27, 2021 11:21 PM | Report Abuse

Also , I think there is a case for CBT to be file against all the Directors. First of all, the customer's money does not belong to you, you never delivered anything in return for their payment. This mean the money should have been held in trust and not be used to pay off your creditors. Secondly, if like Benyamin Ismail say "the company cannot afford refunds as it does not have enough cash flow", then why are they still allowed to operate. If a Director allows an insolvent company to continue then they are personally liable. Maybe there is some smart legal firm out there who might see the opportunity to organise a class action against all the Directors on behalf of all customers who have prepaid. According to Gunasegaram there is $500million of advance payments. I think there should be enough cut out of this to pay the lawyers. All the lawyers need is for all advanced payment customers to come to them to take this action. Better than $5 out of $1000.
27/11/2021 11:33 PM
EVO118 i3lurker
Thank you for your comments.
27/11/2021 11:37 PM
Ammar Roshidy It's a bit funny, how some people attract the airline industry for not fulfilling their obligations when the fact remains that even if the plane took off it is not allowed to land at its destination. AirAsia should have just flown their passengers around and brought them back to KLIA. After this senseless trip, these clients of Airasia would be able to sleep well.
29/11/2021 2:04 PM
ken2004 To me, airlines cannot keep the money when the service cannot be provide, blackmailing the customer is even worst, in some way, there is better way such as free 10kg baggage weight, free meal as compensation.
29/11/2021 4:42 PM
weisheng1998 bankrupt habis
30/11/2021 8:19 AM
EVO118 MAVCOM. Just cancel their licence to fly in Malaysia. SMART ASS DIRECTORS!
02/12/2021 7:46 AM
mf The United States has confirmed its first case of the new, heavily mutated coronavirus variant called omicron, in Northern California.
The variant, initially known as B.1.1.529, was first detected in South Africa, the World Health Organization said.
Scientists will need a few weeks to determine how vaccines and treatments perform against the new variant.
02/12/2021 7:57 AM
Star111 Only Malaysia can do such nego, lol.must be the CEOs of creditors were invited to eat durian. Come come stakeholders put in more money again to feed the CEOs. MAS before, AAX now
05/12/2021 4:07 PM
EVO118 How did the meeting go? ARE WE THERE YET?
07/12/2021 2:39 PM
Mr.Sm Invest123 Post removed. Why?
09/12/2021 10:04 PM
zhen wei & JP Last day for LR .
10/12/2021 1:06 PM
weisheng1998 bankrupt pecah gg
10/12/2021 1:24 PM
GrtTrdr If Aax die customer get nothing and then we go back to the times when only the rich can fly..
and must wear coat to fly..
17/12/2021 1:07 AM
Donator now customer also get nothing....
17/12/2021 12:25 PM
Jeff12 aax should continue, it will profit when pandemic over
24/12/2021 9:31 AM
Ammar Roshidy @Jeff12, the problem is it will take them a cool 2 years to repay the loans.
24/12/2021 10:37 AM
InsiderShark @GrtTrdr

If Proton dies, then we all go back to good old time when rich people can drive and poor people walk.
28/12/2021 8:47 AM
Donator if proton dies...we all can drive honda toyota
29/12/2021 1:00 PM
MikeAl WOW meletop today
31/12/2021 9:10 AM
SaveSerbakDinamik AAX, Airasia is the hope for the poor or average family member to fly again !
02/01/2022 11:41 AM
September1 https://www.theedgemarkets.com/article/aax-petition-seek-reduction-its-share-capital-fixed-jan-24
13/01/2022 5:34 PM
hglee101 This company never any profit so far yet still got people believe on T
17/01/2022 7:14 AM
ocpd TF should be a man like LKT … https://www.channelnewsasia.com/asia/genting-hong-kong-cruise-operator-files-wind-2444721
19/01/2022 3:27 PM
chinaman use tax payees money to bail out biawak hidup...ironically, no comment from whistleblower99 cum ah pu nei nei team. wakaka
22/01/2022 2:05 PM
shavemyfurm whistleblower99 = ahpuneneblower
24/01/2022 10:09 AM
chinaman selamat jalan, ah pu nei nei...
24/01/2022 10:15 AM


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