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AirAsia Group - are you betting its recovery ?
CHONG Kong Hui
Publish date: Sat, 18 Apr 2020, 11:54 AM
Have you read AirAsia's latest QR published in FEB2020?
Next report will be much urglier
Due to be published in May or may be delayed to June
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Discussions
Be the first to like this. Showing 14 of 14 comments
public information but not many read. just like common sense not so common after all.
2020-04-18 16:43
Airasia problems are caused by Tony strategic approach - change from the previous asset rich to light asset company by hiving off all planes to a new company for cash and rent back the planes on long term contract.
Thats how they are able to pay 90seb dividend per share. To me its more like Tony getting back some cash after subscribing to a big chunk of AA shares thru rights issue at a low price.
Now with all planes grounded but contractual rental obligation you can foresee the future. Its in danger of going bankrupt. We have not even factored in the fuel hedging done before the oil price crash. Fly or no fly when the contract expires you must pay for the difference as loses. Assuming USD 50 to 70 hedging price compared to now USD 20 plus.
For a company in danger of collapse would you pay 70sen plus. I would be looking at 10sen
2020-04-18 21:25
Thanks "Brain", good to know that. Just posted another Z-Score for AA is so low... and that was based on Sep 2019.
2020-04-18 22:26
will MY government let Airasia to collapse? NEVER. Without AA how la Malaysian what to Travel? Use Rayani ah? MAS Even more GG.
2020-04-18 23:54
There are two kind of investor, 1 is look at past history, another 1 is look at the potential in the future.
2020-04-18 23:56
LMAO old man like me also know what is MFRS 16,
perhaps you go and check what is MFRS16 or IFRS16.
Lease of use asset 12.2 bil
ST Lease Lia (2.1 bil)
LT Lease Lia (10.1 bil)
what a genuine
2020-04-19 00:33
people love businesses with losses
thats why price shoot up even though Air Asia will be making losses for more than 2 years
some people love suffering, they are called masochists.
2020-04-19 07:35
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lolz these are the info that market already know....we are talking about the future dude. Figure everybody can obtain...its public info. come on man, something more useful
2020-04-18 16:20