Sslee blog
Should you buy AirAsia Group Bhd now?
Dear all,
Should you buy AA now?
Below summary of quarterly financial result of 2021:
Basically AA is PN17 Company with total equity of negative RM 5.022 billion.
As of 30/6/2021: Cash and bank balances: RM 235,612,000 (Already raised RM 336 million through PP in first quarter). Sales in advance: RM 922,252,000. Digital business are still loss making.
Someone said once AA start to fly it will earn Billion per year. Is that so and do you know how AA earned its billion?
You can refer to Financial Year Summary 2017-2020 and read snapshot taken from financial report on revenue and other incomes for FY 2017-2020 to know where this billion came from.
I have given you the facts and figures and it is your money and you decide whether to invest in AA now or otherwise?
| Quarter report 2021 | |||
| 31/03/2021 | 30/06/2021 | Year todate | |
| RM' 000 | RM' 000 | ||
| Revenue | 205,076 | 187,791 | 392,867 |
| Other income | |||
| Net loss/(profit) | -976,222 | -719,568 | (1,695,790) |
| Owners of the Com. | -767,422 | -580,059 | (1,347,481) |
| EPS (Sen) | -21.6 | -15.2 | (36.80) |
| Balance sheet | |||
| Cash and bank balances | 447,722 | 235,612 | |
| Non-current assets | 16,826,985 | 16,613,472 | |
| Current assets | 2,537,630 | 2,056,047 | |
| Current liabilities | 8,990,932 | 9,430,144 | |
| Sales in advance | 922,252 | ||
| Non-current liabilities | 14,564,205 | 14,262,217 | |
| Total equity | -4,190,522 | -5,022,842 | |
| Weighted average number of ordinary shares in issue (‘000) |
3,813,142 |
||
| Financial Year Report | ||||
| 2020 | 2019 | 2018 | 2017 | |
| RM' 000 | RM' 000 | RM' 000 | RM' 000 | |
| Revenue | 3,131,213 | 11,860,403 | 10,638,296 | 9,709,721 |
| Other income | 471,561 | 648,826 | 1,193,276 | 799,306 |
| Net loss/(profit) | -5,887,928 | -283,223 | 1,695,394 | 1,571,374 |
| Owners of the Com. | -5,111,667 | -315,807 | 1,967,006 | 1,628,774 |
| EPS (Sen) | -153 | -9.4 | 58.9 | 49.3 |
| Balance sheet | ||||
| Cash and bank balances | 533,278 | 2,588,097 | 3,326,921 | 1,882,195 |
| Non-current assets | 17,104,717 | 20,302,355 | 9,731,923 | 17,351,383 |
| Current assets | 2,559,341 | 5,292,363 | 8,817,848 | 4,322,695 |
| Current liabilities | 8,461,829 | 7,135,469 | 6,850,358 | 5,333,843 |
| Non-current liabilities | 14,772,023 | 15,548,509 | 5,514,148 | 9,630,155 |
| Total equity | -3,569,794 | 2,910,740 | 6,185,265 | 6,710,080 |
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Discussions
Be the first to like this. Showing 50 of 75 comments
Well, shortfall is temporary.
Trust is prime factor.
If lenders believe in the potential, they can waive or wait.
Besides, this loss is due to pandemic, not self inflicted.
Understanding the potential is important than harping on losses.
If TF is forced to liquidate, it's not a big loss for him.
He had a good run for almost 20 years.
I don't mind burning some cash for a globally recognised company under an able hand.
2021-10-04 19:16
I heard AA providing special in flight massage soon
maybe by gong li/kajol mukerjee lookalike retired ex-stewardess
for ladies, massage by dwayne johnson lookalike ex-steward
2021-10-04 19:18
Yeah, they planning to hire big fat ass and tittie shaking dancers too.
That would help boost sales.
Would PAS object?
2021-10-04 19:21
I heard AA is flying to the sun.... at night .... of course
Posted by VolatileIsMyGold > Oct 4, 2021 5:12 PM | Report Abuse
I heard AA is working on a flight to Mars
2021-10-04 19:22
ha ha, nice try
but the sun is always at a few million degrees celsius
2021-10-04 19:25
Trust is prime factor.
This explain what happen to AA market price trust!!!.
But in commercial world is trust good enough to enable Bank to loan you billion?
Know what is Danajamin Prihatin Guarantee?
KUALA LUMPUR, Aug 5 ― AirAsia Group Bhd (AAGB) has gained gross proceeds of US$56.83 million (RM239 million) from the merger between Fly Leasing Ltd and Carlyle Aviation Partners.
In a statement today, the low-cost airline said it had acquired 3.33 million of Fly Leasing’s shares on August 30, 2018 as part of a cash-in-kind consideration for the earlier divestment of AAGB’s aircraft leasing operations undertaken by Asia Aviation Capital Ltd to entities managed by BBAM Ltd Partnership.
Group chief executive officer Tan Sri Tony Fernandes said the transaction was a much-welcomed boost to the group’s overall fundraising strategy, alluding to the group’s plans to raise up to RM2.5 billion through a combination of borrowing and equity raising.
“We have already raised RM336.5 million from two tranches of private placements earlier this year and continue to renegotiate leasing terms with all of our lessors.
"We have also disposed of 32.67 per cent of our interest in AirAsia India for US$37.68 million, ceased operations in Japan and sold a number of spare engines worth over US$130 million,” he said.
Fernandes added that the group has a number of fundraising initiatives in place to ensure sufficient liquidity.
“We are in the process of finalising a Danajamin Prihatin Guarantee Scheme loan, working on a data-backed loan of up to US$350 million and preparing for a rights issue of up to RM1.02 billion which is targeted for completion in December,” he said.
2021-10-04 19:39
LOL,
The local lenders will NEVER bail AA not because of trust deficit but jealousy.
2021-10-04 20:00
As lousy as the blog is written i beg you to write more please. One day after you post AA up 11.88%. Please write some more. Plenty of negatives about AA for you to write. You are our LIGHT. Come on. Do us a favour.
2021-10-04 21:00
Can it be true that lenders are jealous of AA success that is why lenders do not want to lend money to AA.
Seriously you expect lenders to bail out AA? Or do you expect lessors to bail out AA.
Note:
The lease liabilities amounting to RM 12.9 billion includes deferred aircraft leases of approx RM 2.4 billion.
2021-10-04 21:48
The lenders could be influenced by little Napoleons.
Yes. It is pure jealousy and inability to stomach success by an underprivileged.
2021-10-04 22:12
of course must buy Air Asia to help the Sharks sell out at high price.
Must sell your wife and children to buy Air Asia, Sharks need your help.
2021-10-04 22:48
Posted by Thorman > Oct 4, 2021 7:16 PM | Report Abuse
Well, shortfall is temporary.
Trust is prime factor.
Ans: Trust Takes Years To Build, Seconds To Break And Forever To Repair.
You can search and see for yourself how many AA customers were disgusted by the way they were treated in claiming refund and cursing AA and Tony for not refunding them the cancelled fight ticket fare.
By the way I am not even bother to claim my refund, take it as my donation to help AA.
2021-10-05 07:36
You meant to say its for Tony's medical fee and funeral expenses?
Posted by Sslee > Oct 5, 2021 7:36 AM | Report Abuse
Posted by Thorman > Oct 4, 2021 7:16 PM | Report Abuse
Well, shortfall is temporary.
Trust is prime factor.
Ans: Trust Takes Years To Build, Seconds To Break And Forever To Repair.
You can search and see for yourself how many AA customers were disgusted by the way they were treated in claiming refund and cursing AA and Tony for not refunding them the cancelled fight ticket fare.
By the way I am not even bother to claim my refund, take it as my donation to help AA.
2021-10-05 07:45
but actually your "donation" just went to his Tesla enjoyment
and the satisfaction that his F_U_C_K ratio is successful and actually working.
the F_U_C_K ratio is the percentage of refused refunds
if the F_U_C_K ratio is too high Air Asia will lose customers, so must be balanced carefully.
2021-10-05 07:52
Haha i3lurker I have a very kind heart, my donation mean for AA to refund those really need their money back. But that trust also broken by AA.
2021-10-05 07:55
I know for a fact that a lot of teachers stationed in East Malaysia or outstation travel to balik kampung.
and they ONLY have enough money for 2 or max 3 trips per year through extreme savings from salary unless they use 1MDB method and get Jho Low involved.
In remote rural small villages people dun have money to pay you personal tuition fee.
You have to grow your own vege and spray blood from own chicken to get money for flights.
Refused refunds to teachers are very pitiful.
/////You can search and see for yourself how many AA customers were disgusted by the way they were treated in claiming refund and cursing AA and Tony for not refunding them the cancelled fight ticket fare.///
2021-10-05 08:25
TQVM i3lurker, I owe you a big one. Sell armada 0.47 done now q sell at 0.475 and 0.48.
2021-10-05 09:03
Sour grapes are those who did not get their refund.
Alternative is given but they refused.
That explains their constant mudslinging.
2021-10-05 09:19
During lockdown without single flight it survived.
Now with borders to open and internal flights resumed, it will fall?
TF had already introduced some new businesses to supplement revenue.
So, of course it will fall flat on the face, no?
2021-10-05 09:22
The question to be asked is how much cash burn will AA going to incur when fly resume and also cash burn from the new businesses.
If fresh cash is not forthcoming, when AA cash will run out?
When cash run out what will happen?
2021-10-05 10:14
When you already got the answer then tell us how AA going to earn his money to repay deferred lease payment and how long it need to clear all the deferred payments and debts.
2021-10-05 10:17
When one does business, there is sales and revenue to replenish rotating cash flow. How much is another matter.
2021-10-05 10:17
Sales in advance RM 922,252,000.
How much cash burn to clear all those sale in advance?
2021-10-05 10:23
You only make money if you already sold the stock, otherwise it is just a paper gain.
So have you sold and made money? If you have done so then my congratulation to you.
2021-10-06 09:52
The title should change to “Should you go fly kite with such a lousy article now”
2021-10-07 19:32
Rip and condolences to all who follow this lousy blog not to buy AA. All you can do now is watch those with proper insights laugh all the way to the bank. Hahaha.
2021-10-08 14:04
Haha In_Sight, if you are capable as what you said please go and write your oww blog article.
I can bet, you do not even know how to write an i3 blog article.
2021-10-08 14:26
Year 2015, year 2016 and 2017 it still earning over 1 billions each year.. Years 2018 over 2 billions, you have missed the 30% of the cash of 2019 give away 90cents dividend to the shareholder at year 2019, sslee..
2021-12-30 22:16
@Stockexpert001,
Please tell me why financial year end Dec 2019 AA make a net loss of RM 315,807,000 when covid only start in year 2020?
For year 2015, 2016, 2017, 2018 what is the profit from selling flight ticket? And the extra profit come from? (Others income, aircraft lease income, gain from disposal of aircraft, gain on disposal of investment , etc)
2021-12-31 06:21
The Proposal
I will propose to Gobermen to sell Petronas to Air Asia to manage
and pay Air Asia RM20 Billion per year as management fees to help manage Petronas.
Hopefully my reasonable Proposal will be approved.
Rationale For The Proposal
Its logical coz Air Asia burns oil rite?
Posted by Sslee > 1 hour ago | Report Abuse
Well, it's better to be safe than sorry .....
2023-07-11 08:11
Good morning i3lurker,
I do not mind to be a devil advocate.
By the way In_Sight is hapilly MIA from i3forum
His last posting:
Nov 14, 2021 9:54 PM | Report Abuse
What do you know? All your negative comments went down to drain. Non came true. Talk kok number 1.
Ppl make money here. You? Talk kok only.
Even normal QR number also can get wrong.
Low IQ. Dumbo really dumbo
2023-07-11 08:33
Global plane supply is now controlled by Tata so the magic rabbit is beyond the reach of "their God" now.
=> Losses for Air Asia
2023-07-11 08:40
Commitments
Capital commitments not provided for in the financial statements are as follows:
Group
2022 2021
RM’000 RM’000
Property, plant and equipment:
- Approved and contracted for 102,608,980 97,163,376
The approved and contracted for capital commitments for the Group are in respect of aircraft purchase. The future
commitments of aircraft purchase are as follows:
Group
2022 2021
RM’000 RM’000
Later than 1 year and not later than 5 years 12,908,493 7,688,395
Later than 5 years 89,700,487 89,474,981
102,608,980 97,163,376
So AA already lost India Market, Japan Market and in Indonesia compete with local budget airline Lionair and without an AA China where AA going to employ it planes?
KUALA LUMPUR -- AirAsia's newest major shareholder Stanley Choi wants to realize CEO Tony Fernandes' long-held goal of landing the no-frills Malaysian airline in the Chinese market.
Choi now owns an 8.96% stake in AirAsia via a private placement last month. He is confident that his corporate resume that includes Hong Kong and China, where he was born, could facilitate securing the needed approvals for what could become AirAsia China.
"AirAsia has been dealing with China for a long time," the Hong Kong-based Choi told Nikkei Asia in a remote interview. "I can add value to that with my know-how and open more gateways for the company."
2023-07-11 09:41
China is a communist country. Seems like "their God" and many people dunno that.
Can put in money cannot take out money
Can only take out product ....
and "only swaps allowed"
you cannot buy and cannot take for FREE
meaning take 1 landing right = ?
furthermore China is in very deep sheet for next 3 years.
Even Genting suffering like sheet now.
Expect more price drops for Genting next 3 years
wonder whether AA can last until China recover 🤔
2023-07-11 09:53
Updated: 19 Jun 2023 8:06 pm
IndiGo, India’s largest airline by market share, has placed a record order with European manufacturer Airbus for 500 A320 Family aircraft, the company said in a statement. It is the biggest single purchase agreement in the history of commercial aviation.
This IndiGo order book comprises a mix of A320NEO, A321NEO and A321XLR aircraft. The airline will take the delivery of these aircraft between 2030 and 2035.
The agreement takes the total number of Airbus aircraft on order by IndiGo to 1,330, making it the world’s biggest A320 Family customer.
Earlier this year, Tata-owned Air India placed orders for 470 aircraft from Airbus and US manufacturer Boeing.
NEW DELHI, June 20 (Reuters) - Air India has firmed up its order for 250 Airbus (AIR.PA) aircraft and 220 new Boeing (BA.N) jets worth $70 billion at list prices, the airline said in a statement on Tuesday, as it pursues a turnaround under its new owners.
The Tata-owned airline signed separate purchase agreements with the two planemakers at the Paris Airshow for the jets and some services, a day after domestic rival IndiGo (INGL.NS) agreed on Monday to buy 500 single-aisle planes from Airbus
2023-07-11 10:16
Today AAX down the dual keris stand up and strong, ding ding chang chang........😁😁😁
2023-07-11 17:06
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Sslee
Hahahaha,
You don't like the massage or the massager?
The massage is from AA financial report and the massager is Chao Yun fat! "God of gambler" but unfortunately/fortunately I already learned my lesson and don't gamble.
How about you?
2021-10-04 19:06