If so much questions asked and MACC investing RM300m loan approved for AA, think no one local bank dare to lend money to it now. TF is not going to put his good money to chase after bad money knowing covid 19 will hamper travel for another 1 to 2 years even with vaccines. If TF thinks he is unwilling to save sinking ship, which banks or who investors will put their money into it? So, major shareholders must cough out own money first to demonstrate their confidence on viability of AA future. Governmeny Want to help will help MAS firs, u know i know, even AA can do much better vs all local airlines.

MACC probing RM300 mil loan by Sabah-owned bank to AirAsia

https://www.freemalaysiatoday.com/category/highlight/2020/10/28/macc-probing-rm300-mil-loan-by-sabah-owned-bank-to-airasia/

Ha ha, surely strange why lend rm300m to a sinking ship? Check latest new: MACC is investinng it

Check Bursa announcement. Genting CFO Wong bought Genting share month ago at RM3.80.....lost money, ko choice now buy more to average down. Problem is even with Vaccine ready in mid year 2021, many will not travel or dare not spare money because the bad effects of covid 19 will take at least 18 to 24 months to recover. Now it is getting worse here, and all over the world. Genting casino will suffer badly! Drop to Rm2.50 is not something impossibke!

Blood bath....falling mercilessly.

Wonder why panic selling? simply these people have expected supernormal profit within a short periof of 3 months because of what other said in this forum. At this price, not expensive actually, can keep and hold for another 1 or 2 quarters.

https://www.thestar.com.my/business/business-news/2020/10/28/lc-titan-posts-60-jump-in-operating-profit-on-better-margin-spread

AA will not survive daily cash burn rate when government does not help out. MAS too will ho down as Covid 19 effects and after effects will stay for 18 to 24 months even vaccines are available by 1Q or 2Qc 2021

Airline cost slash not sufficient to neutralise cash burn, says IATA

https://www.freemalaysiatoday.com/category/nation/2020/10/28/airline-cost-slash-not-sufficient-to-neutralise-cash-burn-says-iata/

Will be keep on extending CMCO for long time lah.....

Another likely repeat of previous round few months ago ...2.4 slowls sliding down to 1.7

Nothing unsual on what happened yesterday. Back to square one just like before, with current PM stay put as King has warned all MP not to destabilze his present government and asking budget to be approved in a indirect way and giving him credit to in covid 19 . Back to seriously bloated cabinet to handle economy. Economy will be going down and down.

Nothing unsual on what happened yesterday. Back to status like before, with current PM even stronger as King warned other MP not to destabilze his present government and asking budget to be approved in a indirect way and giving him credit to covid 19 fight. Back to lousy comatose cabinet to improve economy. Economy will be going down and down.

Lkt

https://www.asgam.com/index.php/2020/10/13/genting-facing-risks-on-multiple-fronts-maybank-research/


How to be good? Governance is really an issue. Selfish related party transactions and LKY screwing big pays from both Genting Bhd anf all its subsidiaries while Genting M and Genting Spore give 80 to 90% earning of parent Genting Bhd.

Emergency declared or not, expect cmco extensions and no travel allowed to Genting from Klang Valley (biggest and richer population in the country)
..very bad for Genting. Falling price expected next few weeks. Instable government and bad economy. Politicians do not give a hoot to the sufferrings of business abd rakyat

Ikan bilis keep on shouting and dreaming RM2...save your breath lah. No way we are as small investors can move or influence its share price.

Yup, RM300 m loan is chicken feed vs the huge debt incurred.

Stop RM300 million Sabah loan to AirAsia, says SAPP chief

https://www.freemalaysiatoday.com/category/highlight/2020/10/23/stop-rm300-million-sabah-loan-to-airasia-says-sapp-chief/

Political or economic emergency whatever , suspension of election or parliament will scare away foreign investment or funds....

Market down on news of proposed Energency declaration

Economic Emergency ....read in two media just now. Run run

Reported in some news media too. Better run

Some big news flying around now after today Special Cabinet Meeting. Not sure how it affects market if true.

Likely cMCO extended. New cases high everyday. Also excise no general election

CMCO likely extended after 14 days.

No matter how government tourism or hotel, people will be scared to travel or stay in hotel as long as covid 19 threat is still there and no proven vaccine available.

Trump was not infected with Covid 19...big bluff and election gimmick. Normal flu also takes a week to revover. He recoverec fully in 3 times snd his son did it in 15 seconds (he said thid in TV). Serious 2nd or 3rd wave in Europe esp Germany, Italy, Spain and also Greece (today tv news). Malaysia also gettinv worse now

https://www.klsescreener.com/v2/news/view/743369


Note: foreign funds selling Genting shares!@

Yup, no one know for sure on this.

Not mistaken, same pattern happened before 2Q results out in End July, price was pushed up from 1.50 right up to 2.4 and then quickly fell back to 1.60 to 1.70. Not sure why but it did happen.

If TP is promoted at RM4, u better take profit much lower such as RM3 or lower. Be happy with whatever profit. Look like it is going lower and lower. Ha ha, sold all at RM2.5

Yup, tough to survive current conditions. Go under and use Firefly and rename it with a national carrier name. Firefly is small and more for domestic flights. Afterall, in next 12 months, do not see international flights actively resumed, so have time to scale it up. The losers are tac payers and all creditors. In another few years, will see Firefly going for another bailout or rescue plan. How many rounds of bailout or rescue MAS or Perwaja or Proton in history? Nothing new

Rm300m loan can last only one month or so operational expenses.....

Caveat Emptor! Read comments in i3 forum, filled with many truths, half truth or falsehood. Finally, our own money, we have to decide.

CC, well explained, thank you

Well explained CC! By the way, u hold all, sell some hold sell or exit totally? No obligated to answer...ha ha

Terminator Chaplin asking a very good below:where to find money la?

1. 300mil to 500mil for tencent jv over the next 3 years
2. 50mil kasi venture capital
3. buy this buy that
4. tencent cloud breakeven in 2022
5. AI park

mana money come? from sky ar?

Last FY result, even EBIT (not to say PAT) it also lost RM57m already, no banks will have confidence to lend any money to thus company for all fantastic "FUTURE" expansion. Simply cannot trust this CEO at its top leadership. 2 or 3 years not making profit, Ok. Even not EBIT level? Very wrong management or business models? U think about.

Above will affect Genting business?

*Sekatan Jalan PKPB Selangor/ KL mulai 00.00hrs 21/10/2020 Hingga Penurunan Kes Covid-19*

PLUS@E1
1. Plaza Tol Lembah Beringin (susur masuk dan keluar)
2. Plaza Tol Bkt. Beruntung (susur masuk dan keluar)
3. Plaza Tol Bkt. Tagar (susur masuk dan keluar)
4. Plaza Tol Sg. Buaya (susur masuk dan keluar)
5. Plaza Tol Rawang (susur keluar)
6. Plaza Tol Tanjung Malim (susur keluar)
7. Plaza Tol Sg. Buloh (susur masuk)
8. Plaza Tol Hospital Sg. Buloh (susur keluar)
9. Plaza Tol Rawang Selatan (susur keluar)

NKVE@E1
1. Plaza Tol Setia Alam (susur masuk dan keluar)
2. Plaza Tol Jln. Duta (susur keluar)
3. Plaza Tol Bukit Raja (susur masuk dan keluar)
4. Plaza Tol Damansara (susur masuk dan keluar)
5. Plaza Tol SBG (susur masuk dan keluar)

PLUS@E2
1. Plaza Tol Putra Mahkota (susur masuk dan keluar)
2. Plaza Tol Kajang (susur masuk dan keluar)
3. Plaza Tol Bangi (susur masuk dan keluar)
4. Plaza Tol Sg. Besi (susur masuk dan keluar)
5. Plaza Tol Southville City (susur masuk dan keluar)

ELITE@E6
1. Plaza Tol Shah Alam (susur masuk dan keluar menghala GCE@E35)
2. Plaza Tol USJ (susur masuk dan keluar)
3. Plaza Tol Bandar Saujana Putra (susur masuk)
4. Plaza Tol Putra Heights (susur masuk)
5. Plaza Tol Seafield (susur keluar)
6. Plaza Tol KLIA (susur masuk dan keluar)
7. Plaza Tol Putrajaya (susur keluar)
8. Plaza Tol Bandar Serenia (susur masuk dan keluar)

Sebagai makluman, kesemua fasiliti surau di R&R, Hentian Sebelah dan Plaza Tol di Lebuhraya PLUS sekitar Kuala Lumpur, Putrajaya, dan Selangor ditutup buat sementara waktu sepanjang tempoh PKPB.

https://www.freemalaysiatoday.com/category/nation/2020/10/20/1-million-workers-in-cmco-states-ordered-to-work-from-home-from-oct-22/

These will affect business of Genting serioudly

*Sekatan Jalan PKPB Selangor/ KL mulai 00.00hrs 21/10/2020 Hingga Penurunan Kes Covid-19*

PLUS@E1
1. Plaza Tol Lembah Beringin (susur masuk dan keluar)
2. Plaza Tol Bkt. Beruntung (susur masuk dan keluar)
3. Plaza Tol Bkt. Tagar (susur masuk dan keluar)
4. Plaza Tol Sg. Buaya (susur masuk dan keluar)
5. Plaza Tol Rawang (susur keluar)
6. Plaza Tol Tanjung Malim (susur keluar)
7. Plaza Tol Sg. Buloh (susur masuk)
8. Plaza Tol Hospital Sg. Buloh (susur keluar)
9. Plaza Tol Rawang Selatan (susur keluar)

NKVE@E1
1. Plaza Tol Setia Alam (susur masuk dan keluar)
2. Plaza Tol Jln. Duta (susur keluar)
3. Plaza Tol Bukit Raja (susur masuk dan keluar)
4. Plaza Tol Damansara (susur masuk dan keluar)
5. Plaza Tol SBG (susur masuk dan keluar)

PLUS@E2
1. Plaza Tol Putra Mahkota (susur masuk dan keluar)
2. Plaza Tol Kajang (susur masuk dan keluar)
3. Plaza Tol Bangi (susur masuk dan keluar)
4. Plaza Tol Sg. Besi (susur masuk dan keluar)
5. Plaza Tol Southville City (susur masuk dan keluar)

ELITE@E6
1. Plaza Tol Shah Alam (susur masuk dan keluar menghala GCE@E35)
2. Plaza Tol USJ (susur masuk dan keluar)
3. Plaza Tol Bandar Saujana Putra (susur masuk)
4. Plaza Tol Putra Heights (susur masuk)
5. Plaza Tol Seafield (susur keluar)
6. Plaza Tol KLIA (susur masuk dan keluar)
7. Plaza Tol Putrajaya (susur keluar)
8. Plaza Tol Bandar Serenia (susur masuk dan keluar)

Sebagai makluman, kesemua fasiliti surau di R&R, Hentian Sebelah dan Plaza Tol di Lebuhraya PLUS sekitar Kuala Lumpur, Putrajaya, dan Selangor ditutup buat sementara waktu sepanjang tempoh PKPB.

1 million workers in CMCO states ordered to work from home from Thursday

https://www.freemalaysiatoday.com/category/nation/2020/10/20/1-million-workers-in-cmco-states-ordered-to-work-from-home-from-oct-22/

Japan with 120m+ population has by law 14 ministers and 19 if need to as per their law. Lot of fat cats in Malysia here.

Government broke no money, petronas losing money with little dividend received, corporate tax from companies down a lot due to lower profit ir loss (covid 19), greedy politicians want to make money by implementing big development projects.....where the money coming from? Think the easiest way is to impose more sin tax (gambling and cigarette companies) like genting, spoet toto, magnum, haneiken, carlsberg and bat!! No political repercussion by so doing lah. Better cut loss and lot of time to buy back cheaper later as covid 19 problem will be here for long time for at least 6 to 12 months. Run first and buy later..

Government broke no money, petronas losing money with little dividend received, corporate tax from companies down a lot due to lower profit ir loss (covid 19), greedy politicians want to make money by implementing big development projects.....where the money coming from? Think the easiest way is to impose more sin tax (gambling and cigarette companies) like genting, spoet toto, magnum, haneiken, carlsberg and bat!! No political repercussion by so doing lah.

https://www.theedgemarkets.com/article/cc-puans-firm-teams-chinabased-orient-excellent-develop-semiconductor-hub-kedah?type=malaysia


People do not believe him with so many news on JV or MOU or Head of Agreements etc. Do not make profit for years....no bloody good. Sorry for those who bought tge share rm 1.60 or 1.0 level. 50 cts and will go down further

https://www.theedgemarkets.com/article/aside-covid19-airasia-never-had-necessity-ask-govtbacked-loan-19-years-—-tony-fernandes?type=malaysia


TF is desperate and losy now. Think AA is tough to survive if normal air travel not resumed in next 1 year time. Image lne get infected covid 19 in foreign countries. Vacines takes 6 to 12 month to be safe to use. Even ok, alao worry not safe to travel overseas.

Climbing up bit by bit is healthy...confident will reach RM3 before Q3 result out end Oct