Posted by Victor Yong > 2020-05-05 07:51 | Report Abuse

PETALING JAYA: AIRASIA BHD resumed its scheduled domestic flights in Malaysia yesterday but is looking to cut cost aggressively and not take delivery of any aircraft this year.

The airline will start flying to selected international destinations soon subject to the approval of the authorities.

Its planned flight resumptions include Thailand on May 1, the Philippines on May 16 and Indonesia on May 7.

Executive chairman Datuk Kamarudin Meranun said AirAsia expected its initiatives on bringing down its cost of operations would result in the company saving 30% of its cost this year.

Among the cost-cutting measures are plans not to take any new aircraft deliveries this year and its target is to end 2020 with 242 aircraft.

“This is a net reduction of one aircraft from last year. We are (also) relooking at our orderbook with Airbus, ” Kamarudin said in a statement.

“The decision to sell and lease our aircraft in late 2018 has provided us greater flexibility to scale back growth than owning aircraft today. We were also able to lock in the best price for those aircraft at prime market conditions while eliminating the residual risk of owning aircraft.”

He said the company has also restructured a major portion of fuel hedges with its supportive counterparties and is in the process of restructuring the remaining exposure.

“This will help deal with the excess of hedged volume against expected fuel consumption post- Covid-19 and reduce the hedging losses if fuel price remains at today’s prices.

“Further measures in managing and containing costs include both the management and senior employees of the AirAsia Group volunteering a salary sacrifice, re-negotiating contracts and deferring all non-essential expenditures, ” Kamarudin said.

All AirAsia flights, going forward, will adhere to strict health controls and social distancing protocol are in place, in compliance with the regulations.

“The resumption of services will initially be for key selected domestic routes, which will increase gradually to include international destinations around the region once the situation improves and governments lift borders and travel restrictions, ” the carrier said.

Kamarudin said the company’s strong foundation, coupled with robust relationships with suppliers and partners, have enabled it to return to service stronger during these challenging times.

“AirAsia works actively with all relevant regulators, local governments, civil aviation and health authorities, and adheres to guidance from the World Health Organisation and International Civil Aviation Organisation to ensure the highest standards of compliance and conformance are in place for every flight we operate in our network, ” he said.

“We will require guests to wear masks and practise universally recommended protective precautionary measures including social distancing and observing high personal hygiene. All our aircraft, which are fitted with hospital-standard High Efficiency Particulate Air filters, will also be sent for a thorough disinfection every night stop, ” he added.

AirAsia said it had participated in a number of recovery flights which are being initiated by governments and private companies during the outbreak period.

This is providing a boost to its charter service, it said.

“Despite the unprecedented environment we are currently in, we are continuing to build on our strengths and especially our brand so as to emerge stronger when normalcy returns.

“We hope to continue to sustain the 1.3 million jobs and counting in the sector in the region, directly and indirectly, and double our economic contribution to Asean’s GDP from US$15.3bil in 2018 to US$35bil in 2030, ” he said.

The statement also said AirAsia would continue with the diversification of its revenue base during this tough period, with a more rigorous and market-friendly approach to further expand its digital and ancillary businesses such as Santan, Teleport and BigPay.

“Teleport is prioritising the transport of medical supplies to frontliners and emergency medical responders and have been operating a number of chartered flights, especially for cargo shipment, ” he said.

Posted by mf > 2020-05-05 08:45 | Report Abuse

FBM KLCI falls on US-China trade tension

Posted by Victor Yong > 2020-05-05 09:11 | Report Abuse

Share price needs to go up for higher privatisation offer for shareholders or private placement to other investors if any :)

Posted by Victor Yong > 2020-05-05 09:19 | Report Abuse

:p


Date Close Volume
May 5. ???? :)
04/05/2020 0.795 27,996,300
30/04/2020 0.815 66,424,400
29/04/2020 0.785 37,029,700
28/04/2020 0.765 31,064,900
27/04/2020 0.78 12,355,200
24/04/2020 0.775 37,571,100
23/04/2020 0.785 49,929,000
22/04/2020 0.81 66,431,300
21/04/2020 0.83 144,621,800
20/04/2020 0.87 172,909,100
17/04/2020 0.785 85,902,800
16/04/2020 0.72 21,998,700

Posted by Victor Yong > 2020-05-05 09:22 | Report Abuse

Started buying, is he? :)


DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : INTENTION TO DEAL DURING CLOSED PERIOD
AIRASIA GROUP BERHAD

Type Announcement
Subject DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
INTENTION TO DEAL DURING CLOSED PERIOD
Description INTENTION TO DEAL BY DIRECTOR IN SECURITIES OF AIRASIA GROUP BERHAD DURING CLOSED PERIOD
Pursuant to Paragraph 14.08(b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, AirAsia Group Berhad ("AirAsia" or the "Company") wishes to announce that Datuk Kamarudin bin Meranun, a Non-Independent Executive Chairman of AirAsia, intends to deal in the securities of AirAsia during the closed period prior to the release of the First Quarter results for the year 2020.



The total number of securities held by Datuk Kamarudin bin Meranun as at 17 April 2020 is as follows:-



Type of shareholding

Number of Ordinary Shares in the share capital of the Company

% of the Company's issued capital

Direct Interest*

2,000,000

0.06

Indirect interest





Tune Air Sdn. Bhd. (“TASB”)**

516,485,082

15.45

Tune Live Sdn. Bhd.

(“TLSB”)***

559,000,000

16.73

Total

1,077,485,082

32.24



* Shares held under HSBC Nominees (Tempatan) Sdn. Bhd.



** Shares held under HSBC Nominees (Tempatan) Sdn. Bhd. for TASB.



*** Shares held under Tune Live Sdn. Bhd., RHB Capital Nominees (Tempatan) Sdn. Bhd. and HSBC Nominees (Tempatan) Sdn. Bhd. for TLSB.



This announcement is dated 17 April 2020.





Announcement Info
Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 17 Apr 2020
Category General Announcement for PLC
Reference Number GA1-17042020-00019

Posted by Live4Tea > 2020-05-05 09:38 | Report Abuse

Last time they tried these type of rumour mongering to try goreng the price. Failed. Now Everyone knows they have no cash. And no one wants to take placements in airlines Luftansa just announced going to consider cutting 10,000 jobs. Lost 1.3 Billions USD Q1 and said Q2 will be worse. AA Q1 - Q4 billions in losses. Msian govt will not touch. So only way is to cash call. Raise cash by equity. Dilution. Share price will fall. Be patient. Wait for 0.50. If still have some, sell first.

Posted by Live4Tea > 2020-05-05 09:48 | Report Abuse

Costs are all 100 percent compounded. With the debt and the huge oil hedging losses in Billions. Liabilities also 100 percent compounded. And unfortunately revenue will be just ONE percent of normal. 99 percent of flights gone. 99percent planes grounded. And for those that fly can't even cover that flight cost 99 percent empty and add more costs and compounded interest and liabilities. That's why a brilliant long term investor like Warren Buffet sold ALL his airlines stock at A huge personal loss. Rather than incur more losses. Its called cut losses and run. Airlines are now a death trap. Impossible for social distancing and masks will fall off when asleep.

Posted by Victor Yong > 2020-05-05 10:13 | Report Abuse

this a high risk high return stock. For tradign short term at your own risk

People wont fly till the number of cases of covid 19 falls to almost zero.

the coming 2-3 quarters will be reporting losses. oil hedging loss, airlines biz loss, etc.

depending on govt acquisition/ bailout or private placement or right issue.

Posted by Victor Yong > 2020-05-05 10:15 | Report Abuse

Just ask yourselves:

would u fly?

would you fly for holidays?

would you fly for work unless required by your company, correct?


So, back to square one, probably till Dec 2020, wait n see = losses for airlines .


if they could get enough cash this year, 2021 maybe revival, show profit....

this year, very bleak outlook. common sense...

Posted by Victor Yong > 2020-05-05 10:17 | Report Abuse

social distancing... only allow to take 50% of full capacity, ticket price remains the same, rugi besar in the short term... until this requirement is abandoned

Posted by Victor Yong > 2020-05-05 10:19 | Report Abuse

Q1, 2020 - rugi (forecast mco period inside), Q2, 2020 - - rugi (forecast mco period inside), Q3, 2020 (forecast - rugi, people still fearful), Q4, 2020 (depend on number of cases and vaccine found)

Posted by Victor Yong > 2020-05-05 10:20 | Report Abuse

just wait and see first, Q1, 2020 results will be announced this month, if left with little cash, jilak :)

Posted by Victor Yong > 2020-05-05 10:21 | Report Abuse

dont know how soon govt decision on bailout, loan, acquisition of airasia if any :)

Posted by bahai4453 > 2020-05-05 12:10 | Report Abuse

Don't worry, AA will survive all this again and might keep frozen for a couple of years. If you can hold you hold. If can not hold just blaàa..

Posted by BearishTrend > 2020-05-05 13:21 | Report Abuse

Tp back Rm2

Posted by geary > 2020-05-05 13:52 | Report Abuse

Airlines Uncertainties...!!!
https://dollarsandsense.sg/warren-buffet-dumped-aviation-stocks-highlights-berkshire-hathaways-2020-shareholder-meeting/

Posted by Live4Tea > 2020-05-05 15:22 | Report Abuse

Negative territory again. If can get 0.79 sell quick. Tomorrow testing downwards 0.75. While slow death we get out before EPF requests for forensic audit on the huge losses from the gambling hedging hidden exposure or losses or EPF sell out like Warren Buffet suddenly and just book in the losses. Rather than lose their pants entirely. No lobster but at least got sup ekor.

Posted by newbie1111 > 2020-05-05 15:34 | Report Abuse

if you do long term investment should learn from Buffet, he is getting out of airline business because the business are going to be affected for years not just months.

Posted by FlyAway > 2020-05-05 15:47 | Report Abuse

ya, this stock is high risk high return. If you can hold then hold for few years. If you can not hold then go away. I believe that AA will be better in future years.

Posted by FlyAway > 2020-05-05 15:55 | Report Abuse

No point to sell if you already loss, just buy more at lower price to cover your loss. Be greedy when others are fearful.

Posted by bahai4453 > 2020-05-05 16:07 | Report Abuse

Only be greedy when the time is right. No point get your funds stuck here for months.
There are many counters can give you money.

Posted by FlyAway > 2020-05-05 16:37 | Report Abuse

Ya, can you recommand which counters can earn the money?

Posted by Expertise > 2020-05-05 17:02 | Report Abuse

Ding ding bull is coming to town

Posted by Expertise > 2020-05-05 17:04 | Report Abuse

https://www.theedgemarkets.com/article/airasia-among-airlines-able-weather-covid19-crisis-says-brand-finance

Posted by sampooler > 2020-05-05 17:56 | Report Abuse

AA is like gateway to this land. so, if gateway close? what will happen to this land... think la

Posted by wees123 > 2020-05-05 18:04 | Report Abuse

tomorrow UP up up hahahah zuliiana

Posted by Zuliana > 2020-05-05 20:10 | Report Abuse

Wees, u untung now?

Posted by Zuliana > 2020-05-05 20:17 | Report Abuse

AirAsia among airlines able to weather Covid-19 crisis, says Brand Finance
Surin Murugiah
/
theedgemarkets.com

May 05, 2020 15:14 pm +08
-A
+A

KUALA LUMPUR (May 5): AirAsia Group Bhd is among the top airline brands that are well positioned to survive the Covid-19 crisis, judging from its cash position, brand strength and brand value, says independent brand valuation consultancy Brand Finance.

In Brand Finance’s annual report on the most valuable and strongest airline brands — the Brand Finance “Airlines 50” for 2020, AirAsia is the only low-cost carrier from Asean featured on the list, registering a 15.5% year-on-year growth in brand value — the highest in Asia and the second highest amongst all airlines globally, thus making it one of the top 25 most valuable airline brands in the world.

In the 10 Strongest Brands ranking of the report, AirAsia was rated as having the highest year-on-year increase and one of only four airline brands in the world to have an AAA+ rating.

This was based on marketing investment, familiarity, loyalty, staff satisfaction and corporate reputation.

Posted by Nepo > 2020-05-05 20:24 | Report Abuse

AIRASIA has a very goooood reputation.
Worth to add in more，anyone follows me?

Posted by Nepo > 2020-05-05 20:25 | Report Abuse

In term of reputation, I think Airasia is even better than US Delta Airlines

Posted by newbie1111 > 2020-05-05 20:46 | Report Abuse

what is the use of brand power when there is material changes to the entire industry. Buffet sold all his airline shares because there are long lasting changes to the industry. flying are not going to return to pre crisis level for years.

Posted by Nepo > 2020-05-05 21:03 | Report Abuse

Follow your own investment strategy, don't do copycat

Posted by salman > 2020-05-05 21:12 | Report Abuse

WARNING BUY!!! TP RM2.00

Posted by astalavista > 2020-05-05 21:34 | Report Abuse

AA is different + malaysia boleh = will fly soon

Posted by 123eztrade > 2020-05-05 21:59 | Report Abuse

listen to BUFFET.. forget airlines. sell sell sell
remember MAS ? u got it at 10 sen !!

Posted by sampooler > 2020-05-05 22:11 | Report Abuse

Pls sell.. i want to buy at 0.7

Posted by sampooler > 2020-05-05 22:13 | Report Abuse

it will be better if I can get it at 0.6. I will say thank you to your.. pls... my fund is ready to collect at 0.6 and below.

Posted by cgwee888 > 2020-05-05 22:18 | Report Abuse

tomorrow sure will bto 85 cents...

Posted by wees123 > 2020-05-05 22:34 | Report Abuse

after waited for 2 weeks is still at 0.76-0.80, so i think to be more realistic it wil be 0.76 if wan to collect at cheap price, depends on your luck thou even if u wan to buy in 0.76
later end up
0.78 tunggu dulu, sure will drop
0.80 tunggu lagi, pasti fake bounce
0.82 ok.. this time 0.80 i sure buy in
0.84 ............
0.85 ..
0.90 .. farkedddd. ok LA BUY IN in now dont want to think already, later miss boat, got chance to go 1.00

ppl sell at 0.90 coz got profit already

drop 0.80 hahahahahha

Posted by RedEagle > 2020-05-05 22:44 | Report Abuse

*53 ISTILAH YANG PERLU TAHU*

1. Bull : pasaran tgh menaik/ banyak belian/ indeks hijau
2. Bear: pasaran menurun/ Banyak jualan/ indeks merah
3. Uptrend : konter tgh menaik
4. Downtrend : konter menurun.
5. Reversal : konter yg berubah trend diatas
6. Sideway: kaunter/stocks yg bergerak tanpa penurunan atau kenaikan.
7. Loss : rugi
8. Profit : popit/ untung
9. Resistance: paras harga yg selalu dicapai. Jika ditembusi, harga dipercayai akan naik.
10. Support: paras harga lantai dimana jika ditembusi, beranggapan harga semakin jatuh.
11. RBS (resistance become support): paras harga yg dahulunya resistance menjadi paras support.
12. Limit up: kenaikan pada tahap harga harian yg tertinggi.
13. Limit down: tahap harga harian yg terendah.
14. Gap up: harga buka lbh tinggi dari closed price smlm.
15. Gap down: harga buka rendah dari smlm
16. Q buy : beratur utk belian
17. Q sell : beratur utk jualan
18. Retrace: seperti pullback
19. Pullback: harga jatuh setelah beberapa siri kenaikan dan bersifat sementara ketika up-trend
20. Correction: harga jatuh setelah beberapa siri kenaikan dalam uptrend dan bersifat agak lama/panjang
21. Rebound : kenaikan sementara pada sesuatu kaunter saham yg dalam downtrend.
22. Market Crash: kejatuhan besar dan lama pada keseluruhan pasaran saham diketika ekonomi yg tidak sihat
23. Entry Price/ ep : harga belian yg sepatutnya.
24. Sell/ Exit : jual
25. Hold : konter yg dibeli disimpan
26. Cut loss/ CL: jual pada harga yg rendah dari harga belian.
27. Take Profit: menjual sebahagian atau kesemua lot saham yg dibeli setelah mendpt keuntungan capital gain
28. Target Price/ TP: paras harga yg dijangka akan dicapai. TP juga dikenali Take Profit
29. Entry price/ EP: harga masuk yg dicadangkan
30. Stop Loss/ SL: sama dgn CL
31. Breakout/ BO: harga melebihi paras target atau resistent
32.Capital Gain – Keuntungan hasil daripada perbezaan harga saham yang dijual adalah melebihi daripada harga saham ketika ianya dibeli dahulu.
33. Diversify – Membeli pelbagai saham dari pelbagai sektor / industri bagi mengurangkan risiko.
34. Dividen – Perkongsian keuntungan syarikat saham yang diberikan kepada pemegang saham (shareholder) pada tempoh tertentu. Tidak semua syarikat saham yang memberikan dividen kepada pemegang saham mereka.
35. indeks – Penanda aras dalam setiap sektor. Diwakili oleh 30konter
36. Initial Public Offering (IPO) – Saham syarikat yang ditawarkan jualannya kepada orang ramai sebelum diapung di pasaran saham.
37. Lot – 100 unit saham juga dikenali sebagai 1 lot
38. Open Price – Harga pembukaan saham pada sesi dagangan.
39. Close Price – Harga penutup saham bagi setiap sesi dagangan.
40. Portfolio – Koleksi jenis saham yang dilaburkan/dibeli
41. Saham/kaunter Blue Chip – Saham yang berkualiti dan bernilai tinggi.
42. Volatility – Ia merujuk kepada tahap keaktifan turun naik pergerakan sesuatu harga saham tersebut dlm sehari.
43. UMA (unusual market activity) : pertanyaan dari Bursa kpd syarikat yg pergerakan harga yg luar biasa.
44. Trend: samada bullish (menaik) atau bearish (menurun).
45. Trendline: garisan yg dibuat bagi menentukan aras SnR dan trend sesuatu konter
46. DTL (downtrend line): bearish trendline- garisan yg dibina pada titik2 resistance di chart downtrend.
47. BO DTL: breakout downtrend line.
48. BO 52w: breakout paras resistance/ harga tertinggi within 1year atau 52 weeks
49. T0,T1,T2,T3,T4...:
T ialah transaction day. T0 ialah buy day. T4, 5th days from buy day.
50. FIFO: Fast In, Fast out
51. BTST: Buy Today, Sell tomorrow.
52. GTD: Good Till Date. Order yg kita hantar akan sentiasa ada pada tarikh kita set
53. TP: Target Price

Posted by WeLoveSarawak > 2020-05-05 22:45 | Report Abuse

open flightradar24.com , do you see any aircraft flying?

i mean no disrespect to the grandmaster Oracle of Omaha Mr Warren Buffet but maybe he doesnt really understand the airline business. that is why initially he hesitated to invest into airlines.

humans are travel freaks, especially humans living in this era. even something fatal like covid-19 will not stop them from going on vacation and enjoying their life..this is the era where people say YOLO (You only live once)..

just my 2 cents, over & out :)

Posted by newbie1111 > 2020-05-05 23:22 | Report Abuse

the virus shutdown had made long lasting changes to business travel, as company found remote meeting to be sufficient it make much more difficult in the future to justify business trip.

for leisure travel the demand are going to be greatly hit by the serious damage to the economy, even after it is safe to travel with everyone vaccinate. some economic sector already been permanently damaged by this crisis. with some many millions unemployed, the demand for leisure travel would take years to recover.

Posted by keonkx123 > 2020-05-06 01:13 | Report Abuse

Imagine when you know airline losses couldnt recover within 2-3 years yet you insist to throw your mowny into this counter with chant like malaysia is different// malaysia boleh. Kek.

Posted by Expertise > 2020-05-06 01:28 | Report Abuse

Malaysia always different from others country ))..

Posted by bnmacai > 2020-05-06 06:38 | Report Abuse

Gonna buy some and keep. If you wait for recovery, the price you will be buying won't be at 80c, but probably at 2$ and above. If this company lingkup, then that's what you lose lah. Risk to reward is looking very good now.

Posted by Nepo > 2020-05-06 06:40 | Report Abuse

Don't think so complicated about the issue of Covid-19 affecting Airlines biz, leisure biz, etc. The price of AA is so low, you can buy some some try try e.g 20 lots, if all losses, u just lose RM 16k, but if AA goes through , then RM 16k will become RM 30k. No risk no gain, no harm to try, give yourself a chance. No regret if lose.

Posted by why_no_dividend > 2020-05-06 06:40 | Report Abuse

What happen to AA yearly dividend? None this year?

Posted by wutohpakhang > 2020-05-06 06:41 | Report Abuse

warren buffet already too old laa. already atok2 takkan lu mau ikut jugak maaa adoii. trend has changed man. buy small so that we fly together.

Posted by Nepo > 2020-05-06 06:49 | Report Abuse

Haha most probably no dividend
Now AAsia is in the most difficult time
If can survive is already very fortunate.
No hope this year of any share rebound unless vaccine or cured medicine develop but it give time to collect the share at very low price.

Don't be greedy, buy small small and hold LONG TERM

Posted by DonLee > 2020-05-06 09:42 | Report Abuse

still want dividen ? you better get ready your money to subscribe right issue.

AA start flying mean what ? Negative news . Cash burn faster. Die faster.