Stock to review: AAX (5238) Current Share price: RM0.07

Balance Sheet: Net current liabilities exceeded net current assets (This means that in the short term they would not be able to cover their liabiliites in 1 year). Material uncertainty exist and should be in PN17 but as always Bursa got relieve for them so it's okay, for now...Bank balances decreased RM140mil, Trade and other payables increased by RM200mil, they are not paying them, want to restructure payment.

Profit and Loss - GG.COM.MY

Not long ago, kena this con consumer. This is when the Company is being lead by someone most of you respected for turnaround. Last time he's capable does not mean now he is capable. And when you judge a person never listen to what he says but what he does. Else you get burned especially in this share. Those got buy TunePro, do you know TunePro also got shares in this AAX?

https://klse.i3investor.com/blogs/kianweiaritcles/2020-07-27-story-h1510756033-High_Court_rejects_AirAsia_AAX_judicial_review_bid_against_Mavcom_s_RM2.jsp

Prospects

No prospect at all for me its already certified dead but I have some good news for you. This share is expected to be goreng next week. I'm not sure how it is going to be goreng, might be pushed all the way down, then up back like AirAsia, I don't know. Especially attention like this sharks won't miss such a chance. How it plays I don't know but penny stocks is so hot currently so AAX will be in action next week. 

Conclusion:

TP of RM0.02 for the sake of Malaysian Brand name. NTA is negative RM0.21 OMG meaning if bankrupt shareholders you one sen also cannot get back you know or not. Anyway long weekend and have a good time with your loved ones.

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