Posted by benykp > 2020-07-07 00:40 | Report Abuse

But it's good if people want to keep supporting price as they have cash and help company. But if you have limited time and funds... Avoid heart attack for 2 years.

Posted by CoolJay > 2020-07-07 00:42 | Report Abuse

Goodluck to all those holding AA. May the force be with you

Posted by batman666 > 2020-07-07 00:47 | Report Abuse

Airlines need a long time to recover. Good luck to all AA shareholders.

Posted by geary > 2020-07-07 01:07 | Report Abuse

Honestly, took ages for AA to break 80 sen.. Let see how much it can go lower..

Like I said, this is not like "caught with your pants down". We all knew this is coming...like I said current price has been factored already..

If it drops further, so be it..

Meow

｡◕‿◕｡

Posted by awsomechan > 2020-07-07 01:08 | Report Abuse

I am a big fan of AirAsia and Tony but putting your money into AirAsia now is a bad investment decision. plus the coming quarter is even worst.

Posted by willee2 > 2020-07-07 01:09 | Report Abuse

tmr will be a good starting point to pick up some for long term. hehe

Posted by Johnng8882020 > 2020-07-07 01:12 | Report Abuse

No way to run. Just sell as fast as u can.

Posted by smallkid91 > 2020-07-07 01:49 | Report Abuse

If it opens high, cut loss and move on.
If it dips too low at opening just hold on to it for couple of months.. theres a good fighting chance that revenue will recover next year or 2022 and you'll be rewarded handsomely.

Anyway there's no short selling right now. So i doubt it'll be that bad. Those that are bearish like myself have long dumped our holdings holdings and waiting to collect low.

Who knows it might just rally upwards :/ god knows whats happening to the market these days :p

If you're panic, chant after me... Buy low, sell high, buy low, sell high. I shall not be tempted to reallocate to glove stocks now :p goodluck bursa warriors!

Posted by NohopeAirasia > 2020-07-07 02:59 | Report Abuse

Cash drop by RM 1 billion in 3 months.

Posted by NohopeAirasia > 2020-07-07 03:02 | Report Abuse

No wonder Tony Fernandes not buying any shares even when 50 sen.

Posted by NohopeAirasia > 2020-07-07 03:04 | Report Abuse

TF is saving money for coming RI?

Posted by PTL4Ever > 2020-07-07 04:01 | Report Abuse

Gone case... Better run when you still can

Posted by bigprice > 2020-07-07 04:33 | Report Abuse

1 billion gone in 3 month!!! Next q even worse.

Posted by geary > 2020-07-07 05:29 | Report Abuse

Up...◉‿◉...!!!

Posted by Good123 > 2020-07-07 06:26 | Report Abuse

KUALA LUMPUR (July 6): AirAsia Group Bhd said it has applied for bank loans in its operating countries, in order to shore up liquidity to weather the Covid-19 crisis.

Commenting on its prospects in a stock exchange filing today, the budget airline said it has also been presented with proposals to raise capital to strengthen its equity base or liquidity from a number of investment bankers and lenders.

“In addition, AirAsia has ongoing deliberations with a number of parties for joint-ventures and collaborations that may result in additional investments in specific segments of the group's business,” the group said in the filing announcing its results for the first quarter ended March 31, 2020 (1QFY20).0

AirAsia also said it would be aiming to defer payments from suppliers and lenders.

The group’s cash balances have declined to RM1.61 billion from RM2.59 billion in 4QFY19.



Meanwhile, there was an operating cash outflow of RM116.1 million, compared with an operating cash inflow of RM289 million in the corresponding three months last year.

As for the gearing level, AirAsia currently has a net gearing ratio of 3.8 times, which is up from the 2.9 times registered as of 4QFY19.

Borrowings increased to RM564.8 million, from RM428.9 million in 4QFY19.

Meanwhile, net debt increased to RM11.20 billion, from RM10.30 million in the preceding quarter.

AirAsia posted its biggest quarterly loss since listing of RM803.85 million in 1QFY20, compared with a net profit of RM96.09 million in 1QFY19.

The net loss was pinned on RM270.1 million worth of fair value losses on derivates, some RM110 million in settlement losses for fuel hedges, as well as RM243 million in additional depreciation and lease liabilities interest on operating lease aircraft.

Quarterly revenue was down 15.27% to RM2.31 billion, from RM2.73 billion a year earlier.

In a separate announcement, AirAsia said the delay in the issuance of its 1QFY20 results and its FY19 Annual Report was due to Covid-19 pandemic. AirAsia X Bhd (AAX) issued a similar announcement. 

Both airlines said as the pandemic resulted in movement restrictions being applied to numerous jurisdictions since March 2020 (including Indonesia and the Philippines), their normal work systems and accessibility were disrupted, leading to a delay in finalising their 1QFY20 results and FY19 annual report.

“The company has been endeavouring to make the necessary issuances as soon as possible,” their bourse filings read.

The Edge Malaysia weekly (July 6-13 issue) reported many people were puzzled by AirAsia and AAX’s request for additional time to come up with their latest quarterly numbers, as listed issuers would already have to issue their 2QFY20 earnings results by August.

Shares of AirAsia closed 0.56% or half a sen lower at 89.5 sen today, valuing the group at RM2.99 billion. AAX shares finished 4.76% or half a sen higher at 11 sen, giving it a market capitalisation of RM456.3 million.

Posted by Good123 > 2020-07-07 06:27 | Report Abuse

Q2(April to jun) , results lagi teruk, bukan?

Posted by Mabel > 2020-07-07 06:57 | Report Abuse

AirAsia will definitely report bad result for Q2 2020 report, current price has already priced and factored in... Every investors already know this quarter is bad and have thrown away their shares. Price has fallen from RM2 to 0.85. They expected a loss of 1.1 Billions in the Feb due to this covid-19.

The last time I checked the weather forecast for AA indicates the share price has dropped to the lowest points and has the potential to climb back above RM 1.50. The 200 Moving Average is below the candlestick which is a positive indicator. If anyone has the latest weather forecast, pleased shares. Any forecast is still a forecast..

Another positive development is the Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia) have decided to further extend the temporary suspension of short-selling to 31 December 2020. This will also give time for the Share Price to recover..

In June, the group has reported to be looking at raising capital to finance their operations due to Covid-19 Pandemic..

Like I said, this is not the first time AA has reported quarterly losses..

Meow

Posted by Condom003 > 2020-07-07 07:06 | Report Abuse

和银行loan需利息...附加股和股东拿$$$ 不必...

Posted by ocpd > 2020-07-07 07:08 | Report Abuse

Agree with Mabel, pls help buy more when market opens later ya?

Posted by CoolJay > 2020-07-07 07:11 | Report Abuse

Few more hours mates

Posted by joyvest > 2020-07-07 07:32 | Report Abuse

The huge loss was due to wrong hedging of fuel oil and depreciation. If excludes the depreciation, its loss is still manageable.air industry is a niche market.AA is well managed and when it recovers, it can fly through this temporary setback.no big deal....

Posted by joyvest > 2020-07-07 07:33 | Report Abuse

the current share price has been reflected of this loss....significant drop is not expected....

Posted by azee > 2020-07-07 07:35 | Report Abuse

Covid-19: 183 new infections in Singapore, 23 in community

Posted by joyvest > 2020-07-07 07:36 | Report Abuse

Gloves prices seem to be overshot。it is interesting to see how high they can climb

Posted by azee > 2020-07-07 07:42 | Report Abuse

Virgin Australia bondholders seek permission to put forward sale alternative

Posted by mushroom > 2020-07-07 07:43 | Report Abuse

will go below 0.80 again

Posted by RedEagle > 2020-07-07 07:52 | Report Abuse

Target Sale 0.88.. Target Buy 0.40

Posted by Underhand > 2020-07-07 07:55 | Report Abuse

Sad to accept the facts . What to do. Just hold and see any new developments

Posted by CoolJay > 2020-07-07 08:04 | Report Abuse

Less than 30 cents only buy :)

Posted by Calvin882 > 2020-07-07 08:04 | Report Abuse

Current price is not justifiable to take the risk. Many countries are still not open for international traveling. Coming quarters will be even worst.

Posted by ocpd > 2020-07-07 08:12 | Report Abuse

Q2 hedging loss will be even more, as oil futures settled below 0 (-40 to be exact) in Q2.

Posted by JJchan > 2020-07-07 08:15 | Report Abuse

Actually AA results bring No surprises. Major killer---Booked Fuel (if don't Fly, all cash Locked in
Fuel )---QoQ reserved cash indicate predicament. 4Qr19 Cash 2.60Billion---1Qr20 Cash 1.6Billion
AA burnt ONE billion Caaash this Qr.-----If AA can Fly all Planes 2Qr the cash flow will improve
rapidly BUT it is a Dream now ( we already in July, we know the number already----Bad )

Posted by greedy44444 > 2020-07-07 08:20 | Report Abuse

Don't be surprised closing today positive. Sharks and market manipulator like to push up loss making companies and penny stocks with very poor financial records.

Posted by mf > 2020-07-07 08:21 | Report Abuse

https://www.theedgemarkets.com/article/airasia-lower-low-says-alliancedbs-research

Posted by contradex > 2020-07-07 08:22 | Report Abuse

seems like alot ppl hoping to get aa at my price 70cent.. LOL .. trying to make ppl panic sell.. good luck on that..AA is the market leader for airline.. dont follow those ppl trolling for price to go down... they are trying to take the oppurtunity..

Posted by Khoo810 > 2020-07-07 08:28 | Report Abuse

Open and sell before big fund throw.

Posted by Calvin882 > 2020-07-07 08:30 | Report Abuse

Most are expecting Q2 to be bad due to covid. But don't think ppl are expecting Q1 to be so bad as well. The loss is not priced in yet.

Posted by ocpd > 2020-07-07 08:33 | Report Abuse

@contradex don’t be so perasaan, nobody is interested in your junk paper!

Posted by geary > 2020-07-07 08:33 | Report Abuse

AA-OurShop...!!!
https://www.theedgemarkets.com/article/airasias-ourshop-partners-fama-sell-fresh-and-frozen-produce

Posted by paperplane > 2020-07-07 08:35 | Report Abuse

bye bye airasia, sending you all to holland

Posted by ocpd > 2020-07-07 08:37 | Report Abuse

Yes AA is really going back to sell potatoes this time

Posted by pixel123 > 2020-07-07 08:41 | Report Abuse

airasia just released audited account and have emphasis of matter. seems like triggered PN17 criteria today.

Posted by pixel123 > 2020-07-07 08:45 | Report Abuse

big red candle later

Posted by mf > 2020-07-07 08:47 | Report Abuse

Over the longer term, AmInvest Research said that the outlook for regional ports, including Malaysia, is underpinned by rising investments in the manufacturing sector that generates tremendous inbound and outbound throughput for ports as industries here operate within the global supply chain.

For the airline industry, it is expecting passenger volume for AIRASIA BHD to shrink by 35% in 2020 from the previous year, to be followed by a 25% rebound in 2021 from a low base.

But this assumes that the pandemic will have been significantly contained by then, or vaccines would have been developed and made available.

AirAsia is rated a sell with a target price of 43 sen.

Posted by EatCoconutCanWin > 2020-07-07 08:47 | Report Abuse

Sell before too late. For sure delisted. Same like Mas airlines. Operation still remains but delisted for sure. Warren buffet already sell his portion. Now epf n khazanah going to throw away.

Posted by topglove2 > 2020-07-07 08:57 | Report Abuse

airasia is new customer for glove. As glove investor, i will support all my customer including airasia. If all of us sold small part of glove and buy airasia today, we can together avoid share price collapse. We retailer are strong too.

Posted by linheng > 2020-07-07 09:03 | Report Abuse

Wah. Thank God. Buy 500,000 yesterday at 89.5 cents. Sold today at 87.5 cents. Lucky small loss

Posted by Daily8 > 2020-07-07 09:05 | Report Abuse

A fool will sell because BANKERS ARE COLLECTING !!!

Posted by Daily8 > 2020-07-07 09:05 | Report Abuse

Buy buy buy

Posted by kata888 > 2020-07-07 09:06 | Report Abuse

Like I said last night, you will be witnessing phenomenal effect on this stock today. It will literally turn on your perception upside-down.