CAPITAL A BERHAD

KLSE (MYR): CAPITALA (5099)

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Last Price

0.62

Today's Change

+0.005 (0.81%)

Day's Change

0.605 - 0.62

Trading Volume

1,178,900


118 people like this.

158,192 comment(s). Last comment by Nhamir 4 hours ago

Alice7591

107 posts

Posted by Alice7591 > 3 weeks ago | Report Abuse

I think AAX can be removed PN17 since it is in profit now

yong1985cm

107 posts

Posted by yong1985cm > 3 weeks ago | Report Abuse

any1 saw how much Cap A used in Q1, it has used about MYR900mil and only left with RM300mil, next round of funding will come very soon. pity all the money funded via various way such as right issue, private placement, sabah state loan, others. All of it jz gone/burned like that.

any idea what the channel of next fund raising exercise?

neonstrife

456 posts

Posted by neonstrife > 3 weeks ago | Report Abuse

Tony Fernandes’s Capital A Group is planning New York listings for its low-cost AirAsia airline and a digital super app, the Financial Times reported on Sunday.

“If you want to be an actor, you’re probably going to want to end up in Hollywood at some stage in your career,” Fernandes told the Financial Times.

“We think the time is right for part of Capital A Group to be listed in the US,” he was quoted as saying.

He said the group had begun compliance work and envisaged two separate listings, one for AirAsia “sometime next year”, followed by the so-called super app, which will offer services from travel to takeaways.

The company, which previously considered merging its digital businesses with a special purpose acquisition company (SPAC), dipped into the red during the pandemic, prompting audit firm EY in July 2020 to question its ability to survive. Fernandes said that issue had now been resolved.

Capital A, previously known as AirAsia Group, has been aggressively building its digital businesses and super app over the last two years as most of its planes were grounded due to travel restrictions to contain the COVID-19 pandemic. The group has hoped to build its super app, modeling regional tech giants such as Grab’s and Gojek’s super apps which offer a variety of services including ride-hailing, food delivery, and payment services.

Capital A remains under Practice Note 17 (PN17) on the Malaysian stock exchange — a listing for groups in financial distress. Fernandes, who is Capital A’s Chief Executive Officer, insisted that was a solvable “accounting” issue, which “doesn’t reflect the fundamentals of the company”, he told Financial Times.

He said 85 of AirAsia’s 212 aircraft were now flying, with 80 to 90 percent load factors, and 176 aircraft back in the skies by December. “I think in the third and fourth quarter, we would be EBITDA-positive, including leasing, and so . . . I’m quite confident of 2023 being profitable and definitely cash flow positive,” he was quoted as saying.

Capital A’s first-quarter losses widened to MYR903.79 million ($204.67 million) from MYR767.42 million a year ago.
Revenue jumped 152.78 percent year-on-year to MYR811.78 million.

Commenting on the listing plans, Fernandes cited his success in transforming from Warner Music executive to budget aviation pioneer after buying AirAsia from the Malaysian government in 2001 for less than $1, would eventually sway investors.

“Twenty years ago, when I started this airline, no investor wanted to invest in us. It wasn’t a very convincing story to say you’re going to start up an airline when you’re from the music business, with no money, and go up against Malaysia Airlines, Singapore Airlines and the like,” he was quoted as saying.

“Twenty years later, I now say I’m going to take on these digital unicorns. Probably not a convincing story either from an airline that’s struggling, going through Covid, has a weak balance sheet, etc. But it’s slowly coming,” he told Financial Times.

The airasia super app was valued at around $1 billion in July last year in a deal where the digital arm of AirAsia Group will acquire Gojek’s operations in Thailand for $50 million. The purchase considerations for the proposed acquisitions will be wholly satisfied by the issue of new shares in the airasia super app. Gojek will own 4.76 percent in airasia super app after the acquisition, the companies announced then.

On Monday, Capital A shares were trading at MYR0.635 at the time of writing, giving the group a market capitalization of MYR2.642 billion ($598.26 million) .

DickyMee

752 posts

Posted by DickyMee > 3 weeks ago | Report Abuse

bish_bish?

No_Sight?

yong1985cm

107 posts

Posted by yong1985cm > 3 weeks ago | Report Abuse

hv u seen Grab listing at nasdaq last year, it share price has been dropped by 80% since its listed. what is the logic that airasia super app want to go for listing at US now? are u kidding me Tony.

Nhamir

39 posts

Posted by Nhamir > 2 weeks ago | Report Abuse

all stock down.... damm

Havefun

289 posts

Posted by Havefun > 2 weeks ago | Report Abuse

TF just have to copy AirAsia X then start from scratch again… make full use of limited company status… or use genting HK way also can

kevcha66

96 posts

Posted by kevcha66 > 2 weeks ago | Report Abuse

paper loss 70k, only mbb, sapura and axreit some profits. crazy!

RWG

366 posts

Posted by RWG > 2 weeks ago | Report Abuse

paper loss 200k d

nicholas99

6,498 posts

Posted by nicholas99 > 2 weeks ago | Report Abuse

end of the world. tutup pc.

sasword

987 posts

Posted by sasword > 2 weeks ago |

Post removed.Why?

Nepo

2,365 posts

Posted by Nepo > 2 weeks ago | Report Abuse

Stay firm stay strong.

Posted by bullmarket1628 > 2 weeks ago | Report Abuse

Sailang now all my belongings till under wear to buy in Capitala at @0.595

Heng ah, Ong ah, Huat ah !

Posted by moneyontheway > 2 weeks ago | Report Abuse

@RWG, do buy a lot of shares in this company?? your paper loss is 200k. as for me i bought 4000 shares only in this company. just wondering will it come out from PN17?
Just keen to know how much is your entry price? mind to share?

kevcha66

96 posts

Posted by kevcha66 > 2 weeks ago | Report Abuse

@RWG have been asking everyone to sell all your shares..
RWG
sell all your stock now , or else you lose your pants (Genting)

kevcha66

96 posts

Posted by kevcha66 > 2 weeks ago | Report Abuse

KLCI: 1472.77 (+13.72, +0.94%)

ken2004

1,128 posts

Posted by ken2004 > 2 weeks ago | Report Abuse

Said want to list in US means what to this share in malaysia?

Alan

83 posts

Posted by Alan > 2 weeks ago | Report Abuse

Bought at 0.58. let's see

Posted by bullmarket1628 > 2 weeks ago | Report Abuse

Top up more Capitala at @0.58

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2 weeks ago | Report Abuse

Very strong support at @0.58 , it won’t dropped below @0.58 one...

Wanted to buy cheap Capitala be faster, if not later rebound up to the moon, u sure will regret later !

Heng ah, Ong ah, Huat ah !

ahbah

5,034 posts

Posted by ahbah > 2 weeks ago | Report Abuse

I cannot find anything that got strong support now including the shares I hold now !!!

Posted by moneyontheway > 2 weeks ago | Report Abuse

@bullmarket1628, any confidence it will not drop below 0.58? you said up to the moon, it is as if this counter can shoot up very fast and high? do you think any chance to come out from PN17? @RWG lost Rm200k in the form of paper loss - he should have bought a lot..

Alan

83 posts

Posted by Alan > 2 weeks ago | Report Abuse

@moneyontheway. Foresee a strong demand for flights generally moving forward. Not just Airasia but the whole industry

Posted by richardsharing > 2 weeks ago | Report Abuse

Asia would take few yrs to fully recover but US listing could help airasia get out of pn17 first

DickyMee

752 posts

Posted by DickyMee > 2 weeks ago | Report Abuse

How? Need more than 2 billion US dollars to get out of PN17.

__________________________________

richardsharing

Asia would take few yrs to fully recover but US listing could help airasia get out of pn17 first

50 minutes ago

Posted by richardsharing > 2 weeks ago | Report Abuse

@dickymee, magic

neonstrife

456 posts

Posted by neonstrife > 2 weeks ago | Report Abuse

airasia Super App has announced a brand new feature, the airasia pocket, which the company said is a closed-loop e-wallet that enables users to reload and make payments for products and services on the app

In a statement, the company said this will enable airasia pocket users to earn airasia points upon activation, apart from enjoying an extra 10% off all AirAsia flight bookings and 10x airasia points with every airasia food order on weekends.

It said users can also book airasia rides and experience a smooth, seamless journey both in-app and on the road with its Super App’s closed-loop e-wallet, airasia pocket

airasia pocket is currently available to all airasia Super App users in Malaysia in the ringgit currency. It is easily accessible through the super app by setting up an airasia pocket account with a few simple steps, the company said.

Two types of airasia pocket accounts are available - the Lite and Pro.

The Lite account is recommended for everyday use with a wallet size limit of US$113 (RM500), while the Pro account is designed for higher value transactions with a wallet size of up to US$1,135 (RM4,999).

According to airasia Super App, its airasia pocket’s features are developed by Fass Payment Solutions Sdn Bhd (Fasspay), a leading white-label e-wallet player and an approved e-money provider by Bank Negara Malaysia.

This platform is designed to allow its partners to build and innovate on Fasspay’s full-stack payments platform and offer various payment and financial services to their customers, the company said.

Mohamad Hafidz Mohd Fadzil, airasia Super App's chief fintech officer, said as fintech and neobanks continue to reshape the financial landscape in Malaysia and across ASEAN, airasia Super App is continuing to be an industry disruptor and is expand its fintech services which enables app users to make faster payment for products and services within the Super App ecosystem.

neonstrife

456 posts

Posted by neonstrife > 2 weeks ago | Report Abuse

“This includes payments for flights and hotel bookings, as well as on airasia food, airasia grocer, airasia xpress, or when booking a ride through airasia ride.

“By working with our partner Fasspay, users can have peace of mind as this new feature is completely secure, fully compliant, and licensed by Bank Negara Malaysia," he added.

Amanda Woo, chief executive officer (CEO) of airasia Super App, said, “This is the final step in closing the loop for the whole airasia ecosystem, which will draw out the true superpower of the airasia Super App.”

“airasia pocket is now a more accessible, faster, and rewarding way to pay for anything within the airasia ecosystem and will facilitate better user experiences.

“Having airasia pocket also provides more significant insights into customer behaviour which will assist us in giving better value and more quality services to all our app users,” Amanda said.

Fasspay CEO Chris Leong said the organisation is honoured to be a partner in airasia Super App’s fintech journey and will continue to support its aspiration to grow regionally and globally.

“Fasspay’s mission is to enable our partners, such as airasia Super App, to realise their vision by using this wallet-as-a-service to extend their financial services. This partnership is just the beginning for Fasspay as our ultimate aim is to avail this full-stack payments platform to other customers both small and large globally,” he said.

Currently, top-ups for airasia pocket are available via Online Banking (FPX), with more options to be added in the future.

DickyMee

752 posts

Posted by DickyMee > 2 weeks ago | Report Abuse

Who dare to use their e-wallet?

Alan

83 posts

Posted by Alan > 2 weeks ago | Report Abuse

@DickyMee, have got anything personal with them.

Posted by richardsharing > 2 weeks ago | Report Abuse

this dickymee is topfan of AA and topglove

PunTatBerSiul

1,021 posts

Posted by PunTatBerSiul > 2 weeks ago | Report Abuse

"Posted by LongTermInvestor8 > 1 week ago | Report Abuse

many people buy shares thinking it will go back to their previous high. if buying shares is so easy, where got poor people already? look at parkson, ytl, berjaya, maxis.... alll down down and down"
=========================

The problem is politic and policies.
All companies are not at liberty to function at will.
There are unemployable laidbacks forced to be on payroll via quota system, trojans in the administration, parasites in the boardroom and leeching regulators.

kyliew

449 posts

Posted by kyliew > 1 week ago | Report Abuse

Refundable or not if I want to cash out my e-wallet?

PunTatBerSiul

1,021 posts

Posted by PunTatBerSiul > 1 week ago | Report Abuse

You will get virtual refund.

Posted by kakikoyak > 1 week ago | Report Abuse

buying share= just a gambling for small fish like us

geary

5,657 posts

Posted by geary > 1 week ago | Report Abuse

AA...'Hit n Run' Only (●__●)

wongsam16

143 posts

Posted by wongsam16 > 6 days ago | Report Abuse

Election on the way... stock will be goreng soon...

Posted by richardsharing > 5 days ago | Report Abuse

Everyone can goreng

Posted by Ultimatekkg > 5 days ago | Report Abuse

Please stop living in denial. Its pathetic

Alan

83 posts

Posted by Alan > 5 days ago | Report Abuse

Keep the momentum going. Slow and steady AA

Posted by richardsharing > 4 days ago | Report Abuse

@ultimatekkg, airasia's slogan, everyone can goreng

Posted by Ultimatekkg > 4 days ago | Report Abuse

@richardsharing More like everyone can get fried and burned ..

Posted by richardsharing > 3 days ago | Report Abuse

sounds better. then everyone can be goreng. just personal guess: capital a will get delisted first and to relist sometime later. so not a good time to go in unless gambling

Posted by Ultimatekkg > 3 days ago | Report Abuse

Fair view

Nhamir

39 posts

Posted by Nhamir > 4 hours ago | Report Abuse

air asia & asia x already open many location for other country..
waiting at end of years

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