Posted by FlyAway > 2020-06-04 09:45 | Report Abuse

RM1 soon... recommend buy more..

Posted by arthur8756 > 2020-06-04 09:46 | Report Abuse

Now everyone say buy more then later drop 9 9. Suspect is airasia trying to trick everyone buying

Posted by FlyAway > 2020-06-04 09:46 | Report Abuse

It's hard to drop again when up to RM1. AA fighting.. everyone can fly now..

Posted by niet > 2020-06-04 09:49 | Report Abuse

Sampooler good analysis

Posted by sampooler > 2020-06-04 09:59 | Report Abuse

https://variety.com/2020/biz/news/trump-ban-air-travel-china-1234624745/amp/

Posted by FlyAway > 2020-06-04 10:01 | Report Abuse

https://youtu.be/YGdCyK9FpP8

Posted by FlyAway > 2020-06-04 10:02 | Report Abuse

AirAsia welcome you~

Posted by KLLim85 > 2020-06-04 10:03 | Report Abuse

This weekend reckon pm to annouce end of MCO, travel be gradually reopen and fly to some countries

Posted by sampooler > 2020-06-04 10:10 | Report Abuse

if sk join the boat... I am sure 1 year tp is 2.5

Posted by sampooler > 2020-06-04 10:11 | Report Abuse

more confident to gain digital bank... haha

Posted by acbiz88 > 2020-06-04 10:14 | Report Abuse

buy on rumors sell on news

Posted by sampooler > 2020-06-04 10:19 | Report Abuse

yes.. must always prepare to sapu at o.6... pls

Posted by acbiz88 > 2020-06-04 10:22 | Report Abuse

buy2buy, last chance to own below 1

Posted by Zuliana > 2020-06-04 10:44 | Report Abuse

AirAsia in talks to sell 10% stake
Author: Tan KW Publish date: Thu, 4 Jun 2020, 7:49 AM

PETALING JAYA: AIRASIA Group Bhd is in talks to sell 10% of its shares to South Korea’s third largest conglomerate SK Corp.

The stake sale will take place through a private placement of new AirAsia shares at RM1 a share, said sources.

Should the deal materialise, AirAsia will raise an estimated RM334.2mil from the placement of new shares.

When contacted regarding the deal, AirAsia Group chief executive officer Tan Sri Tony Fernandes declined to comment.

According to sources, SK Corp had initially intended to acquire more than 10% of AirAsia’s shares.

The potential private placement does not require AirAsia to seek a fresh round of approvals from its shareholders, as it had already been approved during the group’s latest annual general meeting (AGM) held on June 27,2019.

As set out in the notice of AirAsia’s second AGM, ordinary resolution 5 stated that “the directors of the company, in their absolute discretion, are empowered to issue shares in AirAsia from time to time, for purposes and persons that are deemed fit.

“This is provided that the aggregate number of shares issued pursuant to the resolution in the preceding 12 months (from the AGM) does not exceed 10% of the total number of issued AirAsia shares, excluding treasury shares.”

SK Corp, with primary core businesses in the energy and telecommunications industries, registered a revenue of US$213.6bil and total assets of US$257.9bil in 2018.

The government is looking to arrange a RM1.5bil cash injection into three local airlines, including AirAsia.

The financial aid will help support the local airline industry to prepare for operations post Covid-19.

Airlines have been cash-strapped following the grounding of most of their fleet during the Covid-19 outbreak.

The Malaysian Association of Tour and Travel Agents (Matta) previously reported that aircraft movements at Malaysian airports had declined by 11.9% in the first quarter of 2020 compared to the same quarter last year.

“Some 80% of the RM1.5bil will be guaranteed by Danajamin, while the remaining 20% will be corporate guaranteed, ” the source said. Danajamin is a government guarantee.

As such, the potential private placement and the government’s financial support will solve AirAsia’s immediate cash flow needs.

Posted by alvin5588 > 2020-06-04 10:47 | Report Abuse

https://focusmalaysia.my/mainstream/airasia-in-talks-to-sell-10-stake-says-report/?utm_medium=Social&utm_source=Facebook&fbclid=IwAR2W-uWozpjCkI_yipItZd_G-f6edknFD1TrejajZXJ6i6N1zxir-nSK_3A#Echobox=1591237872

Posted by Zuliana > 2020-06-04 10:48 | Report Abuse

Worth at least Rm1.00
Buy now.
I told u in May2020, u all don't believe me.
Now, I am happy.

Posted by Zuliana > 2020-06-04 10:49 | Report Abuse

Stony gets help from his Korea ahmoi to inject money.
Korea ahmoi save Stony b.iji from being lelong.
Hahaha

Posted by Daily8 > 2020-06-04 10:59 | Report Abuse

Please fall more LOL

Posted by BearishTrend > 2020-06-04 11:09 | Report Abuse

Cannot sell at 90cts this morning.. My Maybank trade cannot Q sell and Buy.. Maybe after it's drop back the problem could be settle.. Auumm

Posted by FlyAway > 2020-06-04 11:16 | Report Abuse

AA will up soon. Buy more in case u regret. I just bought in some.

Posted by pang123 > 2020-06-04 11:18 | Report Abuse

Early morning too excited, Pre ejaculation. Now need some tongkat Ali to boast further.

Posted by Daily8 > 2020-06-04 11:19 | Report Abuse

Maybank platform is experiencing issue.

Posted by silverwave > 2020-06-04 11:20 | Report Abuse

maybank app has been quite unstable lately

Posted by pang123 > 2020-06-04 11:43 | Report Abuse

All apps the same. Due to the number of investors using the app at the same time. Server couldn't handle the surge in usage of the apps.

Posted by rosepetal > 2020-06-04 11:45 | Report Abuse

dropping, dropping, dropping..... come on, drop somemore!!

Posted by fmmb73 > 2020-06-04 11:48 | Report Abuse

we forward your order to exchange, we forward your money to our pocket

Posted by lanikai > 2020-06-04 11:52 | Report Abuse

Funny those who says can reach rm 1. AA last qr reports -384 millions loss. At that time the price revolves around rm1. If this qr loss double, sure drop to 0.6-0.7 lah. But again some investors are not rational and so could reach rm1, they keep buying without learning the fundamental and later get trapped at high price haha.

Posted by May Chua > 2020-06-04 11:53 | Report Abuse

Good luck Air Asia. I hope that thwt u will fly high high as I'm still vested in you!

Posted by Stock Wizard ( no sell no loss ) > 2020-06-04 11:58 | Report Abuse

trapped

Posted by alvin5588 > 2020-06-04 12:06 | Report Abuse

https://focusmalaysia.my/mainstream/airasia-to-part-with-a-number-of-staff-says-memo/?utm_medium=Social&utm_source=Facebook&fbclid=IwAR28FrZUwK58q4JgAz8vZ7bVIuRhJhAqyAxS9woLn7EwYWwF-gZtvZulz-w#Echobox=1591243349

Posted by ashmira > 2020-06-04 12:07 | Report Abuse

yes it let drop back to 0.66. I will re-collect it again. :P

Posted by Daily8 > 2020-06-04 12:14 | Report Abuse

lanikai Funny those who says can reach rm 1. AA last qr reports -384 millions loss. At that time the price revolves around rm1. If this qr loss double, sure drop to 0.6-0.7 lah. But again some investors are not rational and so could reach rm1, they keep buying without learning the fundamental and later get trapped at high price haha.
04/06/2020 11:52 AM

This is the kind of remark from those who are not far sighted. Can't see far enough to have profit in their bank!

Posted by sampooler > 2020-06-04 12:16 | Report Abuse

alvin5588, this is good news to stock/shareholder, but bad news to staffs.

Posted by Daily8 > 2020-06-04 12:45 | Report Abuse

The PP money will be used to support the expenses of the company. It's a smart move by Airasia in fact. Despite waiting for the government bailout, The PP is a willing buyer and willing seller!

Posted by thebighead07 > 2020-06-04 12:50 | Report Abuse

If the Korea company willing to pay RM1 for AirAsia shares, why don’t they just collect it from open market now?

Posted by Daily8 > 2020-06-04 12:51 | Report Abuse

thebighead07 If the Korea company willing to pay RM1 for AirAsia shares, why don’t they just collect it from open market now?
04/06/2020 12:50 PM


WHAT MAKES YOU THINK THEY DIDN'T???? LOL

Posted by sampooler > 2020-06-04 13:08 | Report Abuse

https://www.malaymail.com/news/malaysia/2020/06/04/with-aviation-sector-grounded-sources-say-airasia-looking-to-cut-headcount/1872343

Posted by Jit Sheng Tan > 2020-06-04 13:12 | Report Abuse

cash in is temporary, quarter report is real and virus till next year. Lets see how it going

Posted by 5354_ > 2020-06-04 13:13 | Report Abuse

If cut headcount VSS money from where?

Posted by sampooler > 2020-06-04 13:24 | Report Abuse

Suddenly AA so many good news... huh..

Posted by prm1 > 2020-06-04 13:49 | Report Abuse

Why delay the qtr report?

Posted by lanikai > 2020-06-04 14:18 | Report Abuse

Maybe they wait for the news that the korea company pays premium for the share so that the share price increases haha. Later after announcing huge qr loss price will drop. Next qr also loss. Another qr also loss until vaccine is found.

Posted by onionchong > 2020-06-04 14:21 | Report Abuse

@lanikai drop but wont drop by much, everyone alrdy expect QR to be bad so alrdy price in

Posted by onionchong > 2020-06-04 14:22 | Report Abuse

instead should wait for news about government loan, then fly

Posted by lanikai > 2020-06-04 14:31 | Report Abuse

Maybe because this qtr will be super bad results lah. Next qtr will be more worst. Brace for the impact. MAYDAY MAYDAY.

Posted by Miguel_Felix > 2020-06-04 14:37 | Report Abuse

1Q result from Jan-Mar..MCO started mid Mar..not much effect i think..plus most who cancelled flight convert to 360 cash..still, money in AirAsia's book

Posted by sampooler > 2020-06-04 14:38 | Report Abuse

look like many ppl wanted to book the air ticket today.

Posted by stephenkai1996 > 2020-06-04 14:39 | Report Abuse

No worried now still cheap. Many people will prefer more to AA. Cheap flight bah

Posted by stephenkai1996 > 2020-06-04 14:39 | Report Abuse

Sure later nearly end will rise

Posted by playrobot > 2020-06-04 14:40 | Report Abuse

what is wrong with maybank investment? server is veryyyy bad