I think this is a more accurate article.

https://www.malaysiakini.com/news/557881

You explicitly said that you will short the shit out of this counter in your comment history, why even bother asking others to proceed with caution lol. In my opinion, you must be insane to short a recovery stock like this when vaccines have started to roll out in many countries. Unless you are extremely sure AA will go bust, I wouldn't be doing what you are doing since things can go very wrong for you.

If you are aware of the situation with other airlines, you would know that this situation isn't unique to AirAsia. If you want to be mad, you should be mad at MAS instead for having burned RM28b worth of taxpayers money in terms of bailouts throughout the years, it will probably be more than RM28b since Khazanah will probably bail them out once more.

A bankrupt AirAsia would mean lesser competition which in turn could lead to higher ticket prices in the region due to AirAsia's market share. I don't see why anyone would want AirAsia to bankrupt unless it is a competitor.

Still a long way to go since the licenses will be issued out in the first quarter of 2022.

I really hope that AirAsia manages to secure 1 of the 5 digital bank license. It will not be good if AirAsia fails to secure it considering there will be more and more players applying for the digital bank license.

If you are making your decisions based on these analysts price calls, then you deserve to make a lost since they are rarely correct. If you 100% believe these analysts, then you should go and invest in glove counters.

@IMP0ST0R Good luck, don't come back until you managed to get some at 0.25.

https://www.reuters.com/article/health-coronavirus-airlines-int-idUSKBN27C24F

How many airline clusters are there so far? Seems like NST is trying to push their agenda without any sources to back them up.

@Swing Trader How do you explain Uber? They have never made profit and they are worth more than 3 times more than the largest listed company in Bursa, the same can be said with Airbnb as well. I mean sure, good fundamental helps but what investors like to see is growth and future prospects, something many companies in Bursa are lacking in.

Seems like it might retrace to RM0.85 - RM0.84, still think this company is crazily undervalued though. Their shareholdings alone in Malakoff and Gas Malaysia is worth more than their own market cap.

I think it might dip below RM0.70 if there is a rights issue at RM0.30~RM0.35.

Possible, but it could be profit taking considering that it surged the past couple of days.

Read the article, it gives a clearer picture of the 6 people that have died during the trials.

https://www.bloomberg.com/news/articles/2020-12-08/pfizer-shot-effective-safe-fda-staff-concludes-before-meeting

I am pretty sure that is fake news, it is just a rehashed sensationalised version of the previous news where 6 people died from the vaccine (4 from the placebo arm and 2 from the vaccine arm), none of their deaths are related to the vaccine. Explains why you cannot find this news piece in reputable news sources such as reuters.

Interesting that AAX is still up

I hope there will be free warrants for the rights issue.

I don't understand why some of these people are so persistent in commenting here, they talk as if they can short this stock in Bursa. Why not use your effort to do something else rather than waste your time on something you are not even investing lmao.

Anyway, both our opinions don't matter at all. This is how I invest and it has made me money over the years. If I make money then good for me, if the share price dips as you said then you should be glad that you are not investing in AirAsia.

What you have said is pure speculation as well, perhaps I am more of an optimist. Please read again, I don't recall saying that AirAsia's fundamental is solid.

@DChosen2 I am pretty sure Teleport is profitable and I did not ask whether BigPay and Teleport is profitable, I asked you what is your verdict on them. BigPay will obviously not be profitable now, it might slowly start to breakeven with the digital lending license in 2021 and as soon as they get their hands on the digital banking license, they can become profitable in 2022. You statement on flights is more applicable to long haul flights, short haul flights will recover quicker than long haul flights. You can look at China to see how quick the recovery for their domestic flights. Your other statement also assumes that things will not get better. How is that the case when there are two vaccine manufacturing hubs in ASEAN in which both AirAsia operates? Teleport should benefit from the transport of vaccines as well. The number of flights have been consistently increasing for AirAsia since MCO with the exception of Malaysia because of CMCO.

I am expecting an RI as well, but I am investing for the long term. To be frank, I am investing in it mainly because of their digital ventures and not so much on their airline business, if their airline business rebounded stronger than before then great. I still strongly believe that their digital arm will grow to become a significant contributor to the group's revenue. Well, either of us could be wrong but we will see.

@Fundamentalist91 I understand that AirAsia is not in a very good position but I am pretty sure AirAsia's cash is in the range of RM600m+ at the end of the last quarter. Anyways, I am curious to know what makes you think that AirAsia will hover around RM0.50 for a long time even after the release of a vaccine. What's your verdict on their digital ventures like Teleport and BigPay, do you think that Teleport and BigPay's growth will come to a halt? I thought much of the lost making routes have been cut off, even AirAsia Japan which has been making significant losses has been cutoff. AirAsia have also been reducing their stake in AirAsia India which is also loss making at the moment.

On a side note, the analyst are rarely right about this stock, just look at the price target history, so don't take their word as the gospel truth. The same goes with Warren Buffet, AirAsia's ventures differ from SouthWest and Delta quite a lot.

I suspect that EPF is dumping their shares for the RM10k withdrawal which is why bursa is extremely bearish towards the end of the day.

@Loading Looking at your comment history, it seems like you are invested into Topglove. Let me say this, comparing Topglove with Maybank, Maybank has consistently pulled in net profits of RM8b annually for the past couple of years. What about Topglove? Their net profits typically range around the RM400m mark annually. At one point their market cap was close to Maybank and yet, their net profit for the last quarter is not even 75% of Maybank even under such favorable circumstances. Goes to show how grossly overpriced Topglove is right? I am willing to bet Topglove will plunge a lot further in 2021.

Your argument is more applicable to AAX since AA relies on domestic air travel rather than international air travel. I think It is pretty clear that domestic air travel is improving based on AA's operating statistics. In regards to recovery, just look at domestic air travel in China and you will understand the pace of recovery if we were to get our hands on the vaccine. SIA doesn't have much of a choice since the bulk of their revenue is from long haul travel and their portfolio is not very diverse which is why they need to resort to airplane dining, flight to nowhere, etc. Some people are optimistic about AA is because of their digital arm. Teleport is growing rather rapidly if you look at their quarterly results. BigPay could be a game changer having secured the lending license, their growth rate is pretty impressive as well. I think the problem is that most people see AA as just another low cost carrier airline while disregarding or oblivious to their digital side.

Looking at the 3rd quarter operating statistics, I personally think it is highly unlikely that they will incur a higher loss than the previous quarter. Things are obviously improving based on the data for every country they are operating in, operations in Malaysia will obviously slow down or backtrack due to CMCO for the next quarter, but do note that things are looking quite good for AirAsia in Thailand as they are acquiring more market share, they are currently holding the largest market share for air travel in Thailand. All of this is of course assuming that they don't ramp up the cost for their digital ventures like BigPay and Teleport.

@EVO118 I don't know what personal vendetta you have with TF, understandable if you did not get your refunds but you seriously need to chill.

@learner1234, turns out you are right, juice deleted his comment.

I feel like some people here are creating multiple accounts to agree with themselves.

Am I the only one that sees the current price for AirAsia is still at RM0.675 on CGS? I am not sure why the price differs from Google and Yahoo finance.

i_investor There is surely a reason why that article didn't get much traction. If it is as serious as you say, all vaccination trials would definitely come to a halt since none of them would be effective.

i_investor Please don't twist my words. If I were to be more specific, I am questioning you saying that the vaccines don't work. Admittedly I didn't word it properly and it came of that way. I never denied that reinfections will have an impact on the development of vaccine. What I am saying is that the researchers would have accounted for this. Furthermore, reinfections as mentioned in the article aren't common.

i_investor I take it that you can't explain it yourself. I don't disagree with moneymakers here, but what I disagree with you here is that the vaccine is not working and meaningless. You also misread the article by thinking that the guy got vaccinated and then got re-infected. There is zero mention of the guy getting vaccinated.

i_investor Enlighten me, what "science knowledge" I am lacking, please elaborate. I would love to hear it from you.

moneymakerx "reinfections remain rare". I am also pretty sure the researches knew about this.

i_investor I don't think the article mentions the guy taking any vaccine.

i_investor I believe the RM1b loan is by Danajamin which is a GLC and not MoF. That BBC article has nothing to do with vaccines, it has more to do with the possibility of reinfections.

PGOne that article is referring to Malaysia Airlines, not AirAsia.

What happened today?

@Up_again Lmao that so called mutant strain has been around for awhile now. No reputable international news outlet is reporting on this. A large part of the statement by the Director General is total BS made up by him. I guess he just wants the people to be more willing to comply with the rules and to reduce the spread.

https://www.straitstimes.com/singapore/health/experts-dispute-malaysias-claim-that-it-has-found-more-infectious-coronavirus