Posted by geary > 2020-02-04 17:03 | Report Abuse

Ya...Added...!!!!!!!!!

Posted by Dawneagle > 2020-02-04 17:04 | Report Abuse

How you know, tomorrow rebound!? Dont simply say things here. Keep it to your self. Shortly MAVCOM will also send summons. Then drop again. Good thing is, the price is not free falling.

Posted by Victor Yong > 2020-02-04 17:07 | Report Abuse

KUALA LUMPUR (Feb 4): AirAsia Group Bhd's directors Datuk Kamarudin Meranun and Tan Sri Tony Fernandes (pictured) have been urged to step down from the low-cost carrier's board pending investigations by Malaysian authorities over Airbus bribe claims against two AirAsia executives.

Minority Shareholders Watch Group (MSWG) CEO Devanesan Evanson said the two executives should have taken a leaf out of retired banker Datuk Seri Nazir Razak's book.

In April 2016, Nazir had taken a voluntary leave of absence from his role as CIMB Group Holdings Bhd group chairman amid a scandal about political funding and alleged misuse of money after it was revealed that his brother, former prime minister Datuk Seri Najib Razak, transferred a sum of about RM28 million into Nazir's account in the run-up to the 2013 general election.

Nazir returned to his role as chairman about a month later after the findings of a review concluded that he "did not misuse his position as group chief executive at the time nor was there any inappropriate use of the bank's resources".

"It would be better for them to take leave (similar to what Datuk Nazir Razak did in relation to the CIMB issue). The taking of such leave will also help these directors better prepare their cases and at the same time enable a more robust investigation by the public listed company (PLC) without the perception of possible interference by the implicated directors," Devanesan said in an email reply to theedgemarkets.com today.

"MSWG would have preferred the two directors to step down from the board pending investigations. If their expertise is required, they can always be advisors to the PLCs (AirAsia and AirAsia X Bhd) without assuming board positions.

"Having (both) the executive chairman (Kamarudin) being now classified as a non-executive chairman and the CEO and executive director (Fernandes) as non-executive directors may be untenable positions — they are still board members and the situation will create a general sense of unease and tenseness at the board level and stifle candid spontaneous discussions," he said.

Still, Devanesan said the allegations of wrongdoing or misconduct by the two executives of AirAsia and AAX that were revealed in the Deferred Prosecution Agreement entered into by Airbus SE and the UK Serious Fraud Office (SFO) on Jan 31 remained just that for now.

"At this point of time, in Malaysia, they remain as allegations. Several authorities (the Malaysian Anti-Corruption Commission, the Securities Commission Malaysia and the Malaysian Aviation Commission) are investigating the allegations.

"We should allow the investigations to be concluded. The allegations are serious and have already had an impact on the share price negatively thereby destroying shareholder value materially over the last two days. Minority shareholders especially will be feeling the pinch of this value-destruction. As tempting as it may be to jump to conclusions, we should allow justice to take its due course," he added.

On the appointment of Tharumalingam Kanagalingam, better known as Bo Lingam, as the acting CEO of AirAsia in the interim, Devanesan is of the view that a different executive should be appointed.

Besides Fernandes, Bo and a few other AirAsia officials had been implicated in connection with a money laundering case in 2018 in India. According to Indian media reports, India's Enforcement Directorate had filed a case of money laundering against AirAsia officials and others for allegedly trying to manipulate government policies through corrupt means to get international licence for its Indian venture, AirAsia India Ltd.

"It is about erring on the side of caution. Though they have not been found guilty it is better practice for directors who are implicated of criminal offences to take leave of their board positions to create a more conducive atmosphere for the PLC to conduct due investigations. It is unfortunate that all three top-positions have been implicated with allegations," said Devanesan.

Meanwhile, Devanesan is urging investors to base their investment decisions on the fundamentals of the PLCs. "In this case, the evolving situation in relation to the allegations and investigations are part of the fundamentals."

At 2.59pm, AirAsia shares were down 13 sen or 10.16% at RM1.15, with 93.17 million shares done, bringing a market capitalisation of RM3.84 billion. AAX shares were also down 0.5 sen or 4.17% to 11.5 sen, with 19.41 million shares traded, valuing the stock at RM477.04 million.

The FBM KLCI, meanwhile, was up 17.36 points or 1.14% at 1,539.31.

Posted by taepodong5 > 2020-02-04 17:07 | Report Abuse

all the empty flight....soon tony will be ditching out 10 million free seats soon...and fr his tiny cell....

Posted by paktua73 > 2020-02-04 17:07 | Report Abuse

dickyme@Paktua still ok, I guess. His last average @1.18, according to his post..
04/02/2020 4:52 PM
=====================
yes still ok..just in icu condition laaa..
waaaaa waaaa
now hold 47+k avrrge 1.27++
after latest reloaded
huhuhu huhuhu

tut tut
as was say earlier last will reload at 1.05
let see on this week how
waaaa waaaa

Posted by lychean > 2020-02-04 17:08 | Report Abuse

@Joon Chan Are you brainless or what??? Anything to do with DAP?

Posted by Gala Kat > 2020-02-04 17:10 | Report Abuse

Deny, deny and deny and no threat of legal actions against the claimant … cam Penyamun Jibby ! How not to be true ..??

Posted by DickyMe > 2020-02-04 17:11 | Report Abuse

"Posted by taepodong5 > Feb 4, 2020 5:07 PM | Report Abuse
all the empty flight....soon tony will be ditching out 10 million free seats soon...and fr his tiny cell...."

A shrewd businessman knows how to survive.

Posted by smalltimespeculator > 2020-02-04 17:11 | Report Abuse

This is airasia's worst nightmare..... the more you dig... the more worm cans you can find.. all hidden....... i assure you... a lot of worms will be unearthed .......

Ask how many employees are happy..... ..

GMT research already warned you all in 2015 ....

It cant be a coincidence......

Posted by DickyMe > 2020-02-04 17:13 | Report Abuse

From some comments here, it is obvious AA was targeted by vested interest.

Posted by DickyMe > 2020-02-04 17:14 | Report Abuse

"Posted by smalltimespeculator > Feb 4, 2020 5:11 PM | Report Abuse
This is airasia's worst nightmare..... the more you dig... the more worm cans you can find.. all hidden....... i assure you... a lot of worms will be unearthed .......

Ask how many employees are happy..... ..

GMT research already warned you all in 2015 ....

It cant be a coincidence......"

Worms are good for the soil.

Posted by pang72 > 2020-02-04 17:17 | Report Abuse

20c coming

Posted by geary > 2020-02-04 17:19 | Report Abuse

Haha...allegation versus accusation...show us the real proof n witness...these aren't for weak heart...too much sentiments...!!!

Posted by qmtronic > 2020-02-04 17:20 | Report Abuse

epf only disposed 8 mills. Still got lots of mills in hands...

Posted by DickyMe > 2020-02-04 17:21 |

Post removed.Why?

Posted by rizerlee > 2020-02-04 17:22 | Report Abuse

don't catch the falling knife

Posted by DickyMe > 2020-02-04 17:23 | Report Abuse

This is a manipulated fall.
Already bought @1.18
Next order @80 sen.

Be my guest in stabbing!

Posted by geary > 2020-02-04 17:24 | Report Abuse

Hahaha...Probably Now everyone can Buy insync with Now everyone can Fly...!!!

Posted by AyamBag > 2020-02-04 17:24 | Report Abuse

Serious downfall... no real rebound in a short term.

Posted by Betkaukau > 2020-02-04 17:26 | Report Abuse

Paktua only hold 47k? Ini bukan main hebat punya support army. Kakaka...

Posted by Betkaukau > 2020-02-04 17:29 | Report Abuse

Mana itu KAQ arr? Sudah check-in ICU at IJM kah? Hope he can survive. Pray....

Posted by Huchiewneng > 2020-02-04 17:38 | Report Abuse

Sooner i will become major share holder

Posted by SinGor > 2020-02-04 17:42 | Report Abuse

must sell at technical rebound, too many ppl want to sell for little profit. I just want to get my pant
back

Posted by gemma > 2020-02-04 17:43 | Report Abuse

drastic down turn 2008 L @87c 2015 L @ 53c 2020 wait below rm 1

Posted by mf > 2020-02-04 17:44 | Report Abuse

Close 1.15, tomorrow sell

Posted by DickyMe > 2020-02-04 17:44 | Report Abuse

"Posted by Gala Kat > Feb 4, 2020 5:10 PM | Report Abuse
Deny, deny and deny and no threat of legal actions against the claimant … cam Penyamun Jibby ! How not to be true ..??"

To some idiots, taking legal action seem the only way to prove innoncence.

Posted by DickyMe > 2020-02-04 17:46 | Report Abuse

Buddha says,
Let them say what they want, let them be happy.
There is nothing to explain to anyone about what you do or don't do.

Posted by paktua73 > 2020-02-04 17:46 | Report Abuse

iyaa bukan 47k 400k above maa ada 28 troops
470 x28 how much..
iyaa ingat beli goreng pisang kaa..
all trooos here stand with rm3.5m stand to use
previously on all battle their just use 250k ammo
only..
do you think this small fight?
now how much % paktua troops was use calculate laa..
iyaaa
read paktua comment previously how strength we're..



tut tut
saja bakor hehhe

Posted by Betkaukau > 2020-02-04 17:57 | Report Abuse

Paktua. Haha. Saja kacau bila nampak itu 47k army. Saya ini kedekut sikit. Tunggu 80-90 cents to hentam kau kau.

Posted by paktua73 > 2020-02-04 18:03 | Report Abuse

hahaha ok2 betkaukau..
kita serupa..
cuma paktua last only 1.05(mybe final 1.00 takut xsempat reloaded semua at 1.05)
so
final reloaded paktua troops..
2,750,000 share will eat between 1.05-1.00 each troops
and will put them arrvge rank at 1.08++
with total share will hold around 3.22+mllion share each troop will hold..
with 28 troops we will hold abit big portion here..


tut tut
never fear revealed our plan frankly

Posted by EngineeringProfit > 2020-02-04 18:12 | Report Abuse

another mas in the making....sad

Posted by EngineeringProfit > 2020-02-04 18:14 | Report Abuse

Despite Paktua's siren voices, sphinxlike smile and 'to fight tooth and nail' poems, Airasia would have a tough time to navigate the Stygian gloom of the allegations

Posted by hellbender > 2020-02-04 18:20 | Report Abuse

I noticed somehow is all those counters linked to BN previously... somehow do you notice Genting, Airasia, CIMB, all these counters were pro BN counters... all got headwinds bashing... Not sure if is a conspiracy or what? I suppose all these people are crooks in their own ways.

Posted by jgb349000 > 2020-02-04 18:21 | Report Abuse

Epf disposed 3mil shares again.

Posted by smalltimespeculator > 2020-02-04 18:28 | Report Abuse

Epf disposed before the news became public....

From 28-30th jan, according to the annoucements , EPF disposed 10,990,400 shares.

A few days later when EPF will annouce their disposal for 03-04 feb.. ...

Stay tuned... sit back relax and enjoy the drama.....

Posted by Ron90 > 2020-02-04 18:28 | Report Abuse

i already mention TF and maranum exit strategy many months ago... even AA drop to 10 cents pun they both not rugi, already siphoned out all their profits from AA. .through non stop fat divided..the cash cow already dying..waiting to he sale to other investors

Posted by Kendo Ken Hz > 2020-02-04 18:31 | Report Abuse

All these institutions n major shareholders have insider info? What say SC?

Posted by Kendo Ken Hz > 2020-02-04 18:40 | Report Abuse

Analyst say aax TP is 6cents, what?

Posted by paktua73 > 2020-02-04 18:41 | Report Abuse

hahaha paktua xriso..
selagi rr88 ada paktua never lost war maa
see how many you with paktua on previous battle?
until paktua troops all manage earn more than 3 millions only fight down trend n still unbeatable..
hahahaha..
rr88 come laa we breakfast at rsgc on early morning paktua glad show you our capable..

tut tut
love make friends

Posted by smalltimespeculator > 2020-02-04 18:54 | Report Abuse

Why sell-and-leaseback 100 aircraft if the cash flow is healthy?



Below is an extract the taken from themalaysianreserve.com website regarding the findings of GMT research back in 2015.

-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=--=
"https://themalaysianreserve.com/2017/03/31/someone-stole-our-airasia-report-says-gmt-research/"

[The damning details in the GMT report include the fact that over the past six years, AirAsia had inflated profits by some RM1.1 billion, which it obtained through leasing (RM603 million) and selling aircraft (RM466 million) to its associates — though analysts say the report’s data are nothing new.

GMT said AirAsia would need to raise RM7 billion in fresh equity — even before addressing the indebtedness of its associates — and place a target price of RM1.20 per AirAsia share, advising investors to sell or short the stock.
_____________________________________________________________________________

Tulloch said AirAsia needs to provide full disclosure, including the activities of its affiliates like Tune Group Sdn Bhd.

Tune Group has been selling down its stake in AirAsia for some time, which Tulloch said he suspects “is being used to fund Tony’s Formula One team and the football team (Queen’s Park Rangers)”.

“When doing our research, it became clear that AirAsia makes more money leasing aircraft than flying people around Asia,” he said. “Not many airlines have a complicated structure like AirAsia.”]

Posted by SinGor > 2020-02-04 18:57 | Report Abuse

i saw last minute jump from 1.13 to 1.15....Is this consider a technical rebound. If it is, then i am screwed tomolo.

Posted by smalltimespeculator > 2020-02-04 19:16 | Report Abuse

https://karryon.com.au/knowledge/how-does-a-budget-airline-like-air-asia-actually-make-its-money/

Posted by apple168 > 2020-02-04 19:18 | Report Abuse

Short AA kau2

Posted by apple168 > 2020-02-04 19:18 | Report Abuse

Tony stepped down... this smell fishy...

Posted by i3lurker > 2020-02-04 19:34 | Report Abuse

insurance company need Bank Negara approval
nothing fishy at all

Bank Negara dun approve must resign immediately

Posted by Investor48 > 2020-02-04 19:42 | Report Abuse

Penny stock for at least a year..
Cutloss, cut kuku..cut whatever just cut.!
Don't hesitate..

Hehe...

Posted by Victor Yong > 2020-02-04 19:43 | Report Abuse

:)

Date Price Target Source News
03/02/2020 1.21 PUBLIC BANK Price Target News
03/02/2020 1.33 KENANGA Price Target News
23/01/2020 1.40 AmInvest Price Target News
16/01/2020 2.04 MIDF Price Target News
15/01/2020 2.01 TA Price Target News
04/12/2019 1.62 HLG

Posted by Investor48 > 2020-02-04 19:44 | Report Abuse

Boh zao si.

Posted by Victor Yong > 2020-02-04 19:46 | Report Abuse

Ada orang bunuh diri tak? Esok Naik balik?

Date Close
04/02/2020 1.15
03/02/2020 1.28
31/01/2020 1.43
30/01/2020 1.44
29/01/2020 1.48
28/01/2020 1.50
24/01/2020 1.56
23/01/2020 1.61
22/01/2020 1.61
21/01/2020 1.63
20/01/2020 1.63
17/01/2020 1.65
16/01/2020 1.68
15/01/2020 1.66
14/01/2020 1.68
13/01/2020 1.72

Posted by valuelurker > 2020-02-04 19:48 | Report Abuse

The rise at the close is short covering

Tomorrow continue the race to the bottom 50c cominggg