Posted by Yhlim9958 > 2020-03-16 15:33 | Report Abuse

Don't buy first market no good will drop below. 50 sen

Posted by Zuliana > 2020-03-16 15:42 | Report Abuse

My uncles buy in now. But I little money to buy cheap shares

Posted by jgb349000 > 2020-03-16 15:48 | Report Abuse

Paktua still around or run away already

Posted by momo82 > 2020-03-16 15:49 | Report Abuse

downtrend otw. i will choose to wait first. haha.

Posted by Alfonso > 2020-03-16 15:50 | Report Abuse

wait at see is the best movement now, sometime do nothing better than do something!

Posted by PVTHSD92 > 2020-03-16 15:50 | Report Abuse

Buy in low?...... It can be end of the road. Habuk pun tak dah

Posted by Alice2252 > 2020-03-16 15:52 | Report Abuse

Report says most Airlines will be bankrupt by May unless government bail out

Posted by Zuliana > 2020-03-16 15:54 | Report Abuse

My uncles all said INI kalilah.

Posted by SWT1988 > 2020-03-16 15:57 | Report Abuse

Ini kali will be suspended until virus gone?

Posted by Zuliana > 2020-03-16 16:01 | Report Abuse

I watch my uncles all ini kalilah. I only sit still and think mati INI kalilah or kaya INI kalilah to all my uncles.
How?

Posted by suraya > 2020-03-16 16:02 | Report Abuse

kapal terbang air asia terbabas

Posted by Victor Yong > 2020-03-16 16:14 | Report Abuse

airasia, apa macam?

KUALA LUMPUR (March 16): Malaysia Airlines Bhd has warned that travel bans and plummeting demand around the world due to the coronavirus (Covid-19) outbreak have put many global airlines at risk of going bankrupt including the loss-making national carrier.

"The situation has deteriorated rapidly over the weekend forcing stricter travel restrictions by governments around the world, hence posing greater challenges in our operations," Malaysia Aviation Group (MAG) group chief financial officer Boo Hui Yee said in an internal email to Malaysia Airlines' 13,000 staff today.

"Demand has plummeted and passengers are jamming our global contact centre and social media accounts to cancel bookings, putting us in a critical situation. Many airlines are now at the risk of going bankrupt and Malaysia Airlines is no different," she added.

On March 5, Covid-19 claimed its first airline casualty when British airline Flybe, which was already in serious financial trouble, was reported to have gone bankrupt. Major airlines like United Airlines, Korean Air and Mexican airline Interjet have also recently warned that the Covid-19 outbreak could force them out of business.

In a report released today, the Centre for Asia Pacific Aviation (CAPA) estimated that by the end of May, most airlines in the world will be bankrupt.

"As the impact of the Covid-19 and multiple government travel reactions sweep through our world, many airlines have probably already been driven into technical bankruptcy, or are at least substantially in breach of debt covenants," it said, noting that coordinated government and industry action is needed now if catastrophe is to be avoided.

To ensure Malaysia Airlines could sustain itself through this critical time, Boo said more hard decisions will have to be taken by the airline soon.

"On the local front, we are facing political uncertainty which has caused volatility in foreign exchange. Coupled with oil price slump, the ringgit has weakened against the US dollar. This has resulted in higher cost for us, which further exacerbated the critical financial situation which we are in due to slump in travel demand and sales," she said in the email.

"Our immediate priority is to stem losses, save cash and sustain the business against the highly 'changeable' uncertainty of the Covid-19 pandemic.

“Drastic actions have been taken to ensure sustainability of cashflow for the business and this includes capacity management, deterring non-critical spend, seeking vendors' concessions, freezing of discretionary spend and cost cutting in many areas,” said Boo.

Malaysia Airlines employees are also urged to take the Voluntary Unpaid Leave Programme.

Last week, the airline offered all employees the option of taking three months of no-pay leave or five days of no-pay leave per month for at least three months, starting April. The voluntary unpaid leave programme is extended to employees employed by subsidiaries of MAG such as MAB Kargo, MAB Engineering, Firefly and MASwings.

Malaysia Airlines also announced a 10% pay cut for its senior management including its group CEO Captain Izham Ismail as part of measures to lower operational costs. They will also forgo their allowances.

To date, Malaysia Airlines has cancelled more than 2,000 flights up to April due to travel restrictions imposed by countries within its network.

Malaysia Airlines, which is wholly owned by Khazanah Nasional Bhd, narrowed its net loss by a marginal 2.5% to RM791.71 million in the financial year ended Dec 31, 2018 (FY18) from RM812.11 million in the previous year, as revenue improved by a slight 0.8% to RM8.74 billion from RM8.67 billion in FY17.

Other international airlines such as Singapore Airlines, Cathay Pacific, British Airways, Lufthansa, Emirates, Virgin Atlantic and EasyJet are also cutting capacity and salaries and offering staff unpaid leave to counter the impact of Covid-19.

Posted by moneypedia > 2020-03-16 16:15 | Report Abuse

FMT News
HOMENEWSBERITAOPINIONWORLDBUSINESSSPORTSFMT OHSEM!LIFESTYLEGALLERY

Covid-19 pandemic worse than 1997 financial crisis, says Dr M
Bloomberg -March 16, 2020 2:30 PM
2.4k
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Former prime minister Dr Mahathir Mohamad.
KUALA LUMPUR: Dr Mahathir Mohamad, the former prime minister who steered Malaysia’s recovery from the 1997 Asian financial crisis, expects the Covid-19 pandemic to hit the global economy even harder.

“This is worse than the financial crisis,” he said in a Bloomberg Television interview. “This is really a terrible blow to the economies of the whole world.”

Mahathir joins other world leaders in warning that the virus impact may be worse than past periods of upheaval. European Central Bank president Christine Lagarde this month warned the economic fallout could be similar to the 2008 global financial crisis, while Singapore Prime Minister Lee Hsien Loong said it might be worse.

The 1997 crisis led to widespread financial and political upheaval across Asia. Millions of people fell below the poverty line as economies contracted and currencies plunged, while governments fell across the region. Malaysia emerged relatively better off, with economic growth rebounding in just a year.

Posted by Zuliana > 2020-03-16 16:18 | Report Abuse

All my uncles are hantu or kaki nombor 4 ekor. They not afraid to die broke one.
I tell them to buy AA at 30¢ or 20¢ but they no hear what I said to them. I think let my uncles learn their Hard lesson lah.

Posted by salman > 2020-03-16 16:28 | Report Abuse

once force selling by bank is over...share will go up again

Posted by Zuliana > 2020-03-16 16:31 | Report Abuse

Salman, so all my uncles have hope lah? Thank you salman.


salman ,,,, once force selling by bank is over...share will go up again
16/03/2020 4:28 PM

Posted by newbie1111 > 2020-03-16 16:39 | Report Abuse

https://www.thestar.com.my/news/regional/2020/03/16/virus-could-bankrupt-most-airlines-by-end-of-may

Virus could bankrupt most airlines by end of May

Posted by shpg22 > 2020-03-16 16:39 | Report Abuse

OMG....immediate SELL

Posted by Zuliana > 2020-03-16 16:41 | Report Abuse

Tonight l think Dow will drop 5,000 points. I just have this feeling today.

More to come. Bad. Very bad.

Posted by Leoleo > 2020-03-16 16:41 | Report Abuse

hit my TP 70 cent.. next 55 cent....

Posted by Leoleo > 2020-03-16 16:42 | Report Abuse

paktua lucky you jump ship

aiyoooo

Posted by Leoleo > 2020-03-16 16:44 | Report Abuse

at least 2 k pts

Zuliana Tonight l think Dow will drop 5,000 points. I just have this feeling today.

More to come. Bad. Very bad.
16/03/2020 4:41 PM

Posted by Leoleo > 2020-03-16 16:44 | Report Abuse

otw 18000 testing

Posted by bensonlam33222 > 2020-03-16 16:53 | Report Abuse

AIRASIA bankrupt ? AIRASIA 's debt is close to zero.AIRASIA WILL SURVIVE.

Posted by KAQ4468 > 2020-03-16 16:55 | Report Abuse

AA debt is close to zero ?????

buying planes with cash mehhh ?????

kah kah kah aiyoooo ammmaaaa aaapaaaaaa








Posted by bensonlam33222 > Mar 16, 2020 4:53 PM | Report Abuse

AIRASIA bankrupt ? AIRASIA 's debt is close to zero.AIRASIA WILL SURVIVE.

Posted by Alice2252 > 2020-03-16 17:11 | Report Abuse

AirAsia debt close to 12B..fuel hedged at high prices & have to pay leases for their planes..AA has one of the highest debts in transport sector

Posted by tallman > 2020-03-16 17:12 | Report Abuse

AA 0 debt? Laugh die me? This is the biggest joke I here. You will hear AA/AAX unable to pay their salaries in near future. Please don't cheat new baby to buy now

Posted by KAQ4468 > 2020-03-16 17:12 | Report Abuse

how old are u ????

from where u read AA debt is close to zero ???








Posted by bensonlam33222 > Mar 16, 2020 4:53 PM | Report Abuse

AIRASIA bankrupt ? AIRASIA 's debt is close to zero.AIRASIA WILL SURVIVE.

Posted by EatCoconutCanWin > 2020-03-16 17:13 | Report Abuse

New government review at covid package from previous government. cut cut cut...

Posted by Baby Shark > 2020-03-16 17:14 | Report Abuse

Want pay salaries also die..

Posted by Zuliana > 2020-03-16 17:17 | Report Abuse

Tonight Dow minus 5000 points.
Us cries papa mama. No eye see.
More to come.

Posted by Zuliana > 2020-03-16 17:20 | Report Abuse

Baby shark, u don't buy AA now? All my uncles today kamikaze in AA.
I tak tahu APA virus covids masuk kepala semua uncles saya.

Posted by joeshare > 2020-03-16 17:28 | Report Abuse

https://www.theguardian.com/business/2020/mar/05/flybe-collapses-two-months-after-government-announces-rescue

Posted by ray1980 > 2020-03-16 17:34 | Report Abuse

Mas Malaysia have pressure bankruptcy now, scary will come true...

Posted by EVO118 > 2020-03-16 17:52 | Report Abuse

Have anyone of been flying AirAsia? They used to be nearly full. Now it is less than 50% full. Plenty of empty seats.

Posted by Zuliana > 2020-03-16 17:53 | Report Abuse

I think when AA reach 50c pun orang tak berani beli.
Now sudah sampai 70c saya pun tak berani beli.

AA kalau sampai 30c dan 20c pun nanti orang tak berani beli, betul tak?

Posted by PVTHSD92 > 2020-03-16 19:02 | Report Abuse

Betul Zuliana makin lower makan dekat end of road. Nanti 10c pun jadi habuk.

Posted by Bobii > 2020-03-16 19:04 | Report Abuse

Everyday I come here advice people to sell but still some degil. Now kena la down 14%. I told you to sell. 50sen is just the matter of time.

Posted by freddiehero > 2020-03-16 19:12 | Report Abuse

hahaha... wat news tat said mas canot oledi

Posted by freddiehero > 2020-03-16 19:13 | Report Abuse

got said wrong company ma? kakaka...

Posted by Zuliana > 2020-03-16 19:18 | Report Abuse

INI Berita nya. MAS ialah Mana Ada Sayap. Itu ialah Wingless.


Freddiehero,,, hahaha... wat news tat said mas canot oledi
16/03/2020 7:12 PM

Posted by ivanlau > 2020-03-16 19:18 | Report Abuse

AA might go PN17 if business keep dropping, beware .

Posted by Zuliana > 2020-03-16 19:23 | Report Abuse

PN17 ialah Pergi Neraka 17.

Posted by limkokthye > 2020-03-16 19:41 | Report Abuse

keong gan liao

Posted by Bobii > 2020-03-16 19:59 | Report Abuse

Cut loss while still can. This airplane isn't going anywhere but to the floor. Virus not stopping in the coming months. Run while you still can

Posted by PVTHSD92 > 2020-03-16 20:08 | Report Abuse

Jangan lepaskan duit yang terakhir untuk beli COFFIN, Cepat cepat jual. Sikit lebih baik daripada apa pun tak dah.

Posted by RedEagle > 2020-03-16 21:25 | Report Abuse

Tanjung Rambutan fully booking

Posted by Robinson > 2020-03-16 21:25 | Report Abuse

股灾 already ... still hold stock ? lol.

Posted by moneypedia > 2020-03-16 21:26 | Report Abuse

coffin apada thambi ilu sijinis kuih gah alau kopi kaw kaw sidap pinyya gah

Posted by sell > 2020-03-16 21:29 | Report Abuse

70 still not cheap? Why TF dare not buy?