The director quite fishy. A few days before results keep sapu more. Macam insider trading only.

“We are pleased to announce an interim single-tier dividend today of RM0.12 per share on 3,341,974,080 ordinary shares of RM0.10 for the financial year ending 31 December 2018. AirAsia will continue to create valuable assets and monetise our investments in our non-core businesses as and when the time is right. We will continue to pay a biennial distribution of special dividends from these businesses. We will soon be announcing a special dividend for the sale of our aircraft leasing operations, Asia Aviation Capital Limited.”

Tony posted on twitter. "Results for airasia out today. Digital strategy is working."

PiddleMinger was right. I was bullish on Sasbadi last year only to discover how things were done improperly within the company. Trying to sell off now but kinda stuff with half of what I invested in the first place.

All these buy calls are misleading. Judge on your own wisely.

With the expanded AirAsia Group, now Tony can easily play with more accounts -- those from overseas to cover here and there to make the results look good.

Tony still tak mau come out and support the price with the dividend announcement. Shareholders have given the green light to go ahead. But Tony buat diam. Board discuss also need so long? Been so long since the deal started.

Now everyone can jilat. Now everyone can ampu bodek.

Drop drop drop.

JAKS Resources puts property ambition on hold
http://www.theedgemarkets.com/article/jaks-resources-puts-property-ambition-hold

Maybe coz people realised that BN might win so Astro naik. If Pakatan wins Astro kena.

"Other subsidiaries, joint ventures, associate companies under the group will also be separated from the listed entity under this new corporate structure."

Don't tell me digital and the courier businesses are not part of AAG. That's bull.

Horray richardless is gone.

EPF kept selling for the past few weeks. And that news is from 2016.

Everyday kept breaking a new low. Terrible.

Description AIRASIA BERHAD ("AIRASIA" OR "THE COMPANY")
INCORPORATION OF WHOLLY-OWNED SUBSIDIARIES
The Board of AirAsia wishes to announce that Asia Aviation Capital Ireland Limited, a wholly-owned subsidiary of the ultimate holding company, AirAsia, had on 29th January 2018 incorporated Clifden Aviation 5 Limited and on 16th February 2018 incorporated Clifden Aviation 6 Limited for the purposes of aircraft ownership (collectively “the Subsidiaries”).

The issued share capital of both the Subsidiaries is EUR100. The incorporation of the Subsidiaries is not expected to have any immediate effect on the issued and paid-up share capital or substantial shareholders’ shareholding in AirAsia.

The establishment of the Subsidiaries are also not subject to the approval of shareholders of the Company and any other regulatory authorities in Malaysia.

This announcement is dated 8th March 2018.

Wow drop to 2.39. Crazy.

Lots of people creating unnecessary fear here. Be careful.

I wonder what's the reason for the decline. Price kept dropping and EPF kept buying.

And also AirAsia gave away two lucrative routes to AAX -- KUL to Changsha, China and KUL to Kaoshiung, Taiwan. Both have 7 weekly flights each. Not fair.

Check out the 4Q2017 presentation slides.
https://klse.i3investor.com/blogs/kianweiaritcles/149215.jsp

AirAsia plans to list Redbeat Ventures Inc in New York Stock Exchange.

Redbeat consists of businesses such as travel360 (magazine), Vidi (social network), Rokki (wifi), Online365 (online marketplace), RedTix (event ticketing), Big Loyalty, BigPay and RedBox (logistics).

Question is, will it be owned in majority by AirAsia or Tony's own Tunes.

"AirAsia said the disposals could raise a gross proceeds of US$901.8 million (RM3.52 billion), of which RM788.1 million or 22.4% of total to be utilised for prepayment of bank borrowings; RM112 million or 3.2% for expenses on the proposed disposal; while the remaining RM2.62 billion or 74.4% to be determined later."

RM788.1mil for bank borrowings alone. Wow.

@ddsoon757 everyone here knew it since this morning. Scroll up.

Tell us something we don't know.

Who knows. Mana tau Tony will give huge huge donation to Najib. Who knows lah since AA just got over RM1bil.

Fly baby fly.

AirAsia Slashes Its Parachute
https://www.bloomberg.com/gadfly/articles/2018-03-01/airasia-slashes-its-parachute-with-sale-of-planes

Btw BWC, where's your clone richardlee? Don't you feel lonely without your tag team partner?

Hahaha it will be monstrous. But the morning after will be painful too. Drop until no eyes see.

Not yet announce but actually you can try and go bug Uncle Tony on Twitter.
https://twitter.com/tonyfernandes

He actually replied to me twice on AAC.

No lah not plane go missing. I mean accidents caused by overused and wear and tear, due to AA's policy of maximising the usage of planes to the limit. That's why so many AAX planes have engine problems lately. That's AAX but I dread that to happen to AA planes.

Not bad if plough back into AA but another huge risk is what happens if a plane goes down?

AA has been overutilising its aircrafts with very minimal downtime. This way of operating increases the wear and tear on mechanical parts. Huge risk.

Might as well take money in dividends and not take the risk.

No way RM1 dividend like what the analysts have predicted.

Agree with the estimate from onecall. Kinda disappointed with the underwhelming returns gained from US$1.185bil. What the heck, only RM967.1mil into AA.

Remember, there is still the dividend due from the ground handling operations deal.

That's Tony and gang's trick lah. Make you guys panic and sell. Then suddenly throw you a surprise. All kena caught.

OH yeah tipu orang. Why only RM967.1mil, when the total transaction value is US$1.185bil.

Don't be too happy everyone. We might be getting less in special dividend.

Luckily didn't sell off at all despite the panic over the past few days.

Bursa announcement:

AAB proposes to divest its aircraft leasing operations that are currently undertaken by Asia Aviation Capital Limited (“AACL”), a wholly-owned subsidiary of AAB, to entities managed by BBAM Limited Partnership for a disposal consideration of USD1,185.0 million (approximately RM4,619.7 million) on the back of an enterprise value of USD2,846.2 million (approximately RM11,095.9 million) ("Proposed Disposals"). In this regard, on behalf of the Board of Directors of AAB, RHB Investment Bank Berhad wishes to announce that sale and purchase agreements relating to the Proposed Disposals have been entered into by AACL for the disposal of its entire equity interest in its 4 wholly-owned subsidiaries and aircraft assets on 28 February 2018.

Please refer to the attachments below for the announcement and the press release for the Proposed Disposals.

This announcement is dated 1 March 2018.

https://twitter.com/tonyfernandes/status/969020569277444097

Tony's twitter.

As promised to Airasia shareholders the sale of leasing company Aac and new partnership with Fly and incline . Thanks to all the shareholders who believed in us. Lots and lots more value to come.

http://www.thestar.com.my/business/business-news/2017/09/25/airasia-moves-closer-to-setting-up-jv-carrier-in-china/

Don't forget. There is also the potential disposal of the stake in AirAsia Expedia, expected to be completed before the end of this year.

Same goes to Star. Massive retrenchment coming. Star is screwing up its employees. All the way down from here.

Disposal of training academy, sale of leasing unit and then AirAsia Expedia is next. Bumper dividend coming?

It's so weak

Problem is cash pile will be mostly gone come election thanks to MCA.

We might disagree but don't bring the BN mentality here.

Hey Shining, you don't have to start scolding people stupid for no reason. Keep the discussion civil please.

There are plans for paywall like WSJ, New York Times. But do you think Malaysians gonna pay for online news? Who wants to pay for Jibby and MCA stories.

That's like an incoming doomsday. Careful there. The whole industry is in such a dire state you won't wanna risk it believe me.