KUALA LUMPUR: AirAsia X Bhd registered a net profit of RM328 million for the first quarter ended March 31 2023.
The airline said its revenue was reported at RM548.8 million, marking a significant recovery of close to 50 per cent of the performance achieved in 2019.
The improved metrics are even more favourable as only two more additional aircraft were activated during the quarter, with another six aircraft in line to commence operations as of May 2023.
next substations 2.5 still intact, by this week ;)
super booster QR announcement shall be announce anytime from today
HODL & tayor!
haha guys FOMO starts, told ya!
buy now cheaper vs half an hour later ;)
big boys start coming in, take off started?
ready to fly?
lesser throw-up means people is HODL, ermm smell something ;-)
next substation, 2.5 plsss
Next station 2.5 by next week. do not wait till Friday only then wanna buy, QR most likely over the weekends, it's too late then..
super-bullish counter for KLCI, ACT NOW! and thanks to Tony/Kamarudin
Nice closing..tomorrow gap up & surpassing 2.0 :)
now FOMO start, let's chase, the higher the better ;-)
The airline had previously reduced its fleet size to nine aircraft from 24 over the course of its operational hibernation amid the Covid-19 pandemic. Between March 2022 and May 2023, AAX has added eight aircraft to its fleet, bringing its total fleet size to 17 aircraft, with 11 fully activated and operational to-date. It said it is working towards having more aircraft fully activated and operational by the end of the year.
now u sell bcoz scared of PP, later u chase high, then u keep repeating the same, people buy u buy, people sell u sell, then u complain trading/invest bursa is a scam...haiyya
Bilis sell cheap cheap, shark keep eating, sooo delicious, yum yum
HODL until QR is out...you wont regret
now tony start to "flex" its muscle ;)
long way to go, let's chip in, bilis sedunia! b4 shark took over, then its too late
don't play-play wt Tony ya ;)
if able to maintain >1.8, today exercise we call "flushing" into the bowl-T
Finally, great wall of 1.8 been torn-down ;)
next action movie tbc tmrrw, let's welcome 2.0 ...soon
yesterday TP day, same as KLCI
if it doesn't break 1.7 then it shall try to break 1.8 again
now slowly UP
break and maintain >1.8, nearest destination 2.0
tayor! all is good for AAX, until QR announcement
AirAsia X among top gainers in morning trade, jumps 175% year-to-date
By Reyanna Ng / theedgemalaysia.com
16 May 2023, 12:34 pm
It is expected that AAX’s performance and trade activity will improve due to the reopening of China on March 15, 2023, along with the airline’s announcement on the same day that it has launched three new routes to southern Chinese cities — Quanzhou, Guilin and Chengdu — being part of the network of 15 routes, with over 129 weekly flights between China and Malaysia.
“Our newest route to Tianfu serves as the foundation for more AirAsia X flights to China in the near future, which will significantly boost our North Asian network.
“As China is rapidly bouncing back, we expect to launch even more flights to and from the country, as well as to increase the frequency on the most popular and profitable routes within our network in the short to medium term,” said AAX Malaysia chief executive officer Benyamin Ismail.
3 weeks ago | Report Abuse
'Full recovery': Emirates Group unveils record US$3 billion profit
The Emirates airline business alone banked US$2.9 billion, another record, after returning a US$1.1 billion loss in the previous financial year as passengers began to return to the skies.(Photo: AFP/File/Giuseppe CACACE)
11 May 2023 05:44PM
DUBAI: Emirates Group announced a record US$3 billion annual profit on Thursday (May 11), hailing a "full recovery" for the Dubai-based carrier after last year's losses due to the pandemic.
"We're proud of our 2022-23 performance which is not only a full recovery but also a record result," Emirates chairman and CEO Sheikh Ahmed bin Saeed Al Maktoum said in a statement.
buy on rumours sell on news!
buy today sell on Friyay!
just to note 10 Feb 2022, AAX share consolidation 10 to 1.
so base on that now 1.68 is equal to only 0.168
currently ups due to last 2 quarter results showing great improvement n profitability
post covid, china opening, world travellers back to normalcy, proposal to out from PN17
if you think its still cheap...better ADD/BUY, but if you think its expensive, then do not (dump)
Choice is yours ;)
*do not forget, buy on rumors SELL on news
now lets be a believer, RM2.0 just not a dream...
next week trading above 1.5
momentum is great, tmrrw shall break 1.30
RM2 is realy coming??
ok, make sense..tq klee..
single entity focusing airlines business make it stronger
Capital A regularisaton plan_summary by kenanga investment
The key takeaways from the analysts briefing yesterday are as follows:
1. The group plans to announce the details of its PN17 regularisation plan by mid-April 2023 with completion expected by end-3Q 2023. We gathered that the group plans to divest its aviation group to AirAsia X in exchange of shares for subsequent distribution to its shareholders.
can sifu here, help to explain, what will happens to AAX shares, if the divestment really takes place? CapitalA shares UP? AAX waterfall?
2023-02-20 15:05 | Report Abuse
2023-01-14 16:20 | Report Abuse
CYPARK solar farm, one of its largest project in South East Asia
2023-01-08 23:47 | Report Abuse
Locally CITA works with GENETECs
EV potentially businesses
to da moon....
2023-01-08 23:45 | Report Abuse
At the same time, the MoU between Citaglobal Bhd and Indonesia Battery Corporation will assess the potential for cooperation in the development of battery manufacturing plants and battery energy storage systems (BESS), including but not limited to:
- developing, designing, and building integrated turnkey manufacturing facilities for battery cells, modules, and packs;
- developing BESS integrated solutions; and
- transferring related technologies and know-how for the development of battery plants and BESS.
2022-12-13 08:58 | Report Abuse
maybank on SAP
2022-12-09 09:47 | Report Abuse
Results Review (BIMB Securities)
Sapura Energy – Drilling Segment Provides the Silver Lining
BUY | RM0.12
Sapura Energy recorded a headline PATAMI of RM10mn in 3Q23 aided by (i) termination settlement of RM65mn, and (ii) forex gain of RM151mn. Revenue declined 12% YoY to RM1.3bn but core EBITDA turned positive to RM107mn from LBITDA of RM244mn in 3Q22. That was due to smaller exposure to unprofitable legacy contracts. On QoQ basis, core loss widened to RM129mn (2Q23: RM77mn) potentially due to higher mobilisation costs for 3 tender rigs which were reactivated in the quarter
2022-12-08 19:49 | Report Abuse
Sapura Energy catat untung RM10.18 juta pada suku ketiga FY23 daripada kerugian RM669 juta
KUALA LUMPUR 8 Dis - Sapura Energy mencatat untung bersih sebanyak RM10.18 juta pada suku ketiga berakhir 31 Oktober 2022 berbanding kerugian bersih berjumlah RM669.34 juta yang direkodkan bagi tempoh sama tahun sebelumnya.
2022-12-06 10:19 | Report Abuse
Now Hassan Merican is official Petronas and MOF advisor, refer to its website
2022-06-08 18:59 | Report Abuse
Short term play, _~30% rebound on good news
2022-06-03 19:46 | Report Abuse
short term wise, price will re test 0.20 base on renewed confidence....upon failure to deliver its promise, dumping will start again...
you know what to act....right?
2022-06-01 20:56 | Report Abuse
ROHAIZAD BIN DARUS
1. Degree - Engineering [Bachelor of Science in Mechanical Engineering, California State University, Long Beach, USA]
In his career spanning over 30 years, he has worked with both local and multinational companies. These include PETRONAS Gas, SapuraKencana, a predecessor to Sapura Energy Berhad, and Velesto Energy Berhad. He has also served Texas Instruments and Esso Production Malaysia. Rohaizad's experience covers most aspects of upstream activities which include soil investigations, hydrographic surveys and underwater diving services. He also spent significant time in offshore construction activities including transportation, installation and commissioning of platforms, pipelines and cables as well as maintenance of offshore and onshore facilities. He was also responsible for managing marine vessels performing construction heavy lift, pipelaying and providing crew accommodation. Prior to his retirement, his responsibilities include overseeing operations of drilling rigs and workover operations. On the corporate side, his experience includes managing Initial Public Offering (IPO), rights issue, syndicated loans and corporate restructuring, including demerger and capital reduction exercise. Rohaizad's last position prior to his retirement in February 2022 was as President of Velesto Energy Berhad, a position that he held since 2012. Velesto Energy Berhad is involved in offshore drilling, well intervention and oilfield service activities. Prior to joining Velesto Energy Berhad in 2012, he was the Chief Executive Officer of Offshore Construction Division of SapuraCrest Petroleum Berhad. Presently, he is actively involved in the oil and gas industry as Advisor to the Malaysian Oil and Gas Services Council (MOGSC), member of Industry Advisory Panel of Malaysian Petroleum Resource Corporation (MPRC) besides being Adjunct Professor at Universiti Teknologi Petronas.
LIM FU YEN
1. Degree - B.A. (Honors) in Engineering Science and Honors Economics [John Davis Scholar Dartmouth College New Hampshire, USA]
2. Masters - Business Administration [Stanford Graduate School of Business California, USA]
Mr Lim Fu Yen was attached to Ekuiti Nasional Berhad (Ekuinas) from April 2014 to July 2020. He has extensive experience in investment, business management, financial restructuring, and operational turnaround with his last position as Senior Director (Investment) of Ekuinas. He was the Chief Subsidiary Management Officer (CSMO) of Tenaga Nasional Berhad from August 2020 to August 2021. As CSMO, he oversees the performance improvement of 12 TNB subsidiaries across 4 sectors; including Manufacturing, Services, Power, and Telco. Mr Lim is currently the Independent Non-Executive Chairman of Malaysian Transformer Manufacturing and Director of Malay-Sino Chemical Industries.
2022-06-01 15:24 | Report Abuse
Sapura Energy yakin kembali pulih
5-6 minutes 6/1/2022
"Kumpulan turut mencari sumber dana baharu untuk membiayai rancangan perniagaan berikutan ia bercadang menstukturkan semula perniagaan dan memperkemas operasi," kata Mohammad Azlan dan Mohd Anuar.
2022-06-01 11:59 | Report Abuse
Wednesday, 01 Jun 2022
10:42 AM MYT
2022-06-01 10:37 | Report Abuse
good announcement later.....hodl!
2022-05-31 11:30 | Report Abuse
Kan Najib Razak dah start marah marah
Semalam marah, harini marah, sebab jual aset bukan real solutions
MOG, PETRONAS….please take quick action!
2022-05-31 11:28 | Report Abuse
Semalam, syarikat AirAsia X melaporkan keuntungan RM33.6 bilion bagi suku 3 tahun 2022 ini - iaitu keuntungan paling besar dalam sejarah korporat Malaysia.
Ini adalah sebab syarikat tersebut telah "menulis balik" (write-back) bahagian besar kerugian-kerugian amat besar yang dicatat syarikat tersebut setelah melakukan susut nilai serta kemerosotan nilai aset (impairments) ke atas aset-aset mereka ketika pandemic.
Ketika pandemik, aset-aset mereka dikatakan tidak bernilai sebab tidak boleh digunakan dan tidak menjanakan sebarang cash-flow.
Sebab itu syarikat tersebut membuat keputusan untuk merosotkan nilai-nilai aset dalam buku dan mencatat kerugian amat besar ketika pandemik.
Namun kerugian akibat proses merosot nilai aset masa itu adalah kerugian atas kertas ataupun accounting loss.
Kini, aset-aset mereka boleh digunakan dan mula menjana perniagaan semula. Proses penstrukturan semula AirAsia X juga telah selesai.
Dengan itu, syarikat tersebut terpaksa menulis balik kerugian akibat merosot aset untuk melaporkan keuntungan gergasi sebanyak RM33.6 bilion.
Begitu juga dengan syarikat Sapura.
Bahagian paling besar kerugian sebanyak RM8.9 bilion yang dilapor syarikat itu pada tahun lepas adalah akibat proses susut nilai dan kemerosotan nilai aset-asetnya setelah kekurangan modal kerja menghalangnya daripada beroperasi secara biasa setelah bank-bank menarik balik kemudahan kewangan bagi mereka.
Maka cara paling mudah untuk menyelesaikan masalah kekurangan modal kerja dan kemudahan bank supaya syarikat itu boleh beroperasi dan menggunakan aset-aset tersebut untuk menjana semula cashflow.
Masalah jangka masa pendek ini boleh diselesaikan dengan jaminan kerajaan kemudahan bank kepada Sapura ataupun Petronas mengambil alih secara sementara.
Ianya bukan diselesaikan dengan cara menjual aset-aset paling berharga Sapura kepada orang asing dengan harga murah SETELAH aset-aset itu telah dirosotkan nilai.
Sekiranya, masalah kekurangan modal kerja Sapura ini diselesaikan, aset-aset Sapura bakal menjana pendapatan yang tinggi pada ketika permintaan sektor minhyak dan gas dunia semakin naik ke paras tertinggi.
Dan Sapura akan terpaksa untuk menulis balik bahagian besar kerugian yang dicatat sebelum ini sebagaimana dibuat AirAsia X.
Jangan short-term sangat, people. Nanti kita kesal hari kemudian.
Fokus untuk menyelesaikan masalah utama - bukan fokus pada jual aset-aset kepada orang asing dengan harga murah.
FB NAJIB RAZAK
2022-05-30 22:19 | Report Abuse
Sapura 3000, sebuah kapal pasang paip serba boleh, mampu melaksanakan projek laut dalam dan cetek, dibina pada 2008 dan kini belayar di bawah bendera Malaysia.
Pada 16 Mei, bekas perdana menteri, Dr Mahathir Mohamad, berkata usaha perlu diambil bagi mengurangkan kerugian ditanggung Sapura.
“Sapura telah berkembang dengan cepat tetapi kita tak tahu macam mana dia boleh jadi rugi begitu besar. Jadi pelabur-pelabur sekarang ini akan rugilah.
“Jadi, apabila rugi kita perlu cari jalan untuk kurangkan kerugian. Tapi bila orang gagal, kita ‘bailout’. Ini bukan perniagaan. Dalam perniagaan ada masa kita untung, ada masa kita rugi,” katanya memetik laporan Sinar Harian.
2022-05-30 19:59 | Report Abuse
Sapura Energy Berhad wishes to announce that its wholly-owned subsidiary, Sapura 3000 Pte Ltd has entered into a Memorandum of Agreement for the disposal of its vessel, known as Sapura 3000 for a total cash consideration of USD71,500,000.00 (equivalent to the sum of RM312,848,250.00 at today’s rate of exchange of USD1 = RM4.3755) (herein after referred to as the “Proposed Disposal”).
2022-05-30 19:58 | Report Abuse
Sabra Energy plans to sell assets to improve finances
Orientaldaily Mon, May 30, 2022 07:45pm - 10 minutes
KUALA LUMPUR (March 30): Sabra Energy (SAPNRG, 5218, main board energy stock) announced that it has signed a memorandum of understanding (MOA) with Safeen Feeder to sell pipe-laying and lifting oil for US$71.5 million (approximately RM312.85 million). ferry.
Sabra Energy said in a press release that its wholly-owned subsidiary, Sabra 3000, sold the assets to Safeen Feeder. The latter is an Abu Dhabi port company.
The company noted that the sale of assets is part of a restructuring plan to improve its financial position. Sabra Energy expects to close the transaction in mid-July this year, and the proceeds from the sale of the assets will be used for working capital and debt repayment.
Sabra Energy closed at 8.5 sen, up 0.5 sen or 6.25%, with 139.14 million shares traded, making it the third most popular stock.
2022-05-30 16:06 | Report Abuse
With MoF Inc on its side, will Sapura Energy turn the corner and regain some semblance of its old self, or has it gone too far down the slippery slope?
2022-05-30 15:29 | Report Abuse
Forbes kata sektor perkhidmatan minyak dan gas dunia sudah mula berkembang pesat (atau boom) dengan keuntungan yang tinggi bagi tempoh yang agak lama.
Forbes kata permintaan bagi sektor ini jauh melebihi bekalan dan ianya akan semakin susah untuk syarikat pengeluar minyak dan gas global mencari perkhidmatan serta peralatan yang diperlukan, yakni "tight market".
Inilah sebab kita patut selamatkan ekosistem perkhidmatan minyak dan gas Malaysia agar Petronas serta pengeluaran minyak dan gas kita tidak menghadapi masalah pada tahun-tahun mendatang - terutamanya jika masalah sekarang hanyalah sekadar masalah tempoh jangka masa pendek iaitu sekadar kekurangan modal kerja sementara.
Jangan kita pecah-belahkan sektor kita dan janganlah aset-aset serta peralatan yang semakin dicari dunia dijual kepada orang asing.
Petronas juga perlu faham dan berlaku adil sebab jika satu-persatu vendor tempatan tumbang, akhirnya Petronas sendiri juga akan menghadapi kesusahan
FB NAJIB RAZAK
p/s : selamatkan sapura
Stock: [AAX]: AIRASIA X BERHAD
6 days ago | Report Abuse
"Importantly, AirAsia X's shareholders' equity has demonstrated a positive turnaround to RM40.8 million, from a negative shareholders' equity of RM285.2 million in the preceding quarter, which now paves the way for AirAsia X to address its Practice Note 17 classification, subject to regulatory approval."
let's dream further, uplift of PN 17 status due in July, What would be the next price point?
give your fair value, guess your number....2023 gonna be AAX triumph year