Posted by xuxu > 2020-07-09 11:30 | Report Abuse

@ geary wow bought at 0.68, are you still holding ?

Posted by alexsee > 2020-07-09 11:32 | Report Abuse

haha funny lah.. when red.. say bad.. when green say good..

Posted by xuxu > 2020-07-09 11:32 | Report Abuse

below 0.8 is consider low for me, will buy back later

Posted by Good123 > 2020-07-09 11:34 | Report Abuse

mas from fighting hard for survival KUALA LUMPUR (July 9): Malaysia Airlines Bhd has implemented US-listed provider of artificial intelligence (AI)-powered solutions PROS Holdings Inc’s PROS Revenue Management Advantage (RM Advantage) system as part of the airline’s revenue management transformation strategy.

Malaysia Airlines group chief executive officer (CEO) Captain Izham Ismail said that with RM Advantage, the airline expects to continue making remarkable improvements in its performance despite the challenges of overcapacity and notoriously thin margins.

Izham said Malaysia Airlines expects to further strengthen its "commitment to digital transformation strategies to meet passenger needs while attaining our growth goals”.

"We operate in a tough environment where yields are always pressing downward,” Izham was quoted as saying in PROS Holdings’ statement yesterday.

PROS Holdings said RM Advantage features the latest in technology and revenue management best practices and workflows. 

As a software as a service (SaaS)-based solution, RM Advantage is scalable and allows airlines to transition smoothly from one PROS edition to the next as its business grows, the company said.

"It features AI-based forecasting and optimisation designed to deliver the optimal price even in the most volatile markets.

"The national carrier of Malaysia serves 58 global and domestic markets. With a focus on Southeast Asia, Malaysia Airlines has opened more of Malaysia’s destinations than any other airline while delivering a world-class customer experience. 

"But intense competition among both low-cost and full-service carriers, coupled with a price-sensitive population, makes operating in this region particularly challenging,” PROS Holdings said.

Posted by geary > 2020-07-09 11:36 | Report Abuse

xuxu @ geary wow bought at 0.68, are you still holding ?

Yup...wait see how in the afternoon...or Friday morning...(. ❛ ᴗ ❛.)

Posted by Hidup_Anwar > 2020-07-09 11:40 | Report Abuse

Except PBB, most IBs' are crooks?

Posted by Hidup_Anwar > 2020-07-09 11:41 | Report Abuse

41-52 sen TP why must cheat?

Posted by xuxu > 2020-07-09 11:41 | Report Abuse

@geary good, wish you win big ! haha

Posted by xuxu > 2020-07-09 11:46 | Report Abuse

never ever believed IBs all cari makan

Posted by ironrobe3388 > 2020-07-09 11:47 | Report Abuse

why hurry? wait for rights .40c.

Posted by DickyMe > 2020-07-09 11:47 | Report Abuse

IB's in Malaysia are managed by crooks just like the politicians.

Posted by geary > 2020-07-09 11:48 | Report Abuse

xuxu @geary good, wish you win big ! haha

U too...will give back as charity...!!!

Posted by uniteen > 2020-07-09 11:49 | Report Abuse

what's IB?

Posted by geary > 2020-07-09 11:49 | Report Abuse

AirAsia confident in continuation of business despite unqualified opinion by auditor | https://www.klsescreener.com/v2/news/view/699879

Posted by geary > 2020-07-09 11:50 | Report Abuse

DickyMe IB's in Malaysia are managed by crooks just like the politicians

Street Smart...Power...!!!

Posted by Mabel > 2020-07-09 11:51 | Report Abuse

Wah so nice and so green..

Well come back Paktua..

Meow Meow Meow

Posted by Mabel > 2020-07-09 11:51 | Report Abuse

Finally nice to see Dickyme too :)

Meow Meow Meow

Posted by noobbie > 2020-07-09 11:52 | Report Abuse

loss 900mil for q1..now already secure 1bil fund..consider no loss for q1 right?..hahaha

Posted by Bobii > 2020-07-09 12:01 | Report Abuse

Die die don't want do right issue. Scare have to vomit the dividend to burn hahaha

Posted by 8dragon > 2020-07-09 12:01 | Report Abuse

Wait for it to drop to 0.005 then will buy for deep freeze...

Posted by Skyyahoo > 2020-07-09 12:05 | Report Abuse

We all can't live without u

Posted by Skyyahoo > 2020-07-09 12:06 | Report Abuse

U must strong enough to fligh Covid-19

Posted by Skyyahoo > 2020-07-09 12:07 | Report Abuse

Easy-to-use approved right issue ok

Posted by Skyyahoo > 2020-07-09 12:07 | Report Abuse

To avoid PN17

Posted by greedy44444 > 2020-07-09 12:11 | Report Abuse

80 cents coming

Posted by chickenriceseller > 2020-07-09 12:13 | Report Abuse

0.50 at 2.30pm

Posted by geary > 2020-07-09 12:24 | Report Abuse

AirAsia confident in continuation of business despite unqualified opinion by auditor
TheEdge Thu, Jul 09, 2020 11:33am - 48 minutes ago


KUALA LUMPUR (July 9): AirAsia Group Bhd said it is confident in the continuation of its business despite an emphasis of matter by its auditor highlighting significant uncertainties for the low-cost carrier to continue as a going concern given the effects of the Covid-19 pandemic.

In a statement, it said its business will be supported by actions undertaken by the governments of countries it operates in and the outcome of ongoing discussions with financial institutions and investors to obtain the required funding and implementation of management’s action plans.

“The first half of 2020 was extremely challenging. However, in recent weeks, countries around the world resumed domestic travel and were gradually reopening international borders in recognition that air transport provides the connectivity that is essential for the resumption of economic activities.

“The formation and discussion of ‘travel bubbles’ and ‘green lanes’ with key economic partners with a low infection rate and proven pandemic curbing system are a step in the right direction,” said AirAsia group chief executive officer (CEO) Tan Sri Tony Fernandes.

He added that the group had resumed flights on a “staggered yet steady” basis since late May as domestic travel restarted in Malaysia, Thailand, Indonesia, India and the Philippines.

The group had also launched promotions and campaigns, generating higher-than-expected sales, said Fernandes, pointing out that the group saw a total of 75,000 seats sold in a single day on Tuesday — a sign of pent-up demand.

The group has also sold over 200,000 AirAsia Unlimited Passes since the recent launch for domestic Malaysia, domestic Thailand and AirAsia X.

“Positive trends of our flight bookings and load factors are additional signals of a better second half of the year. In June, our group-wide load factor was 60% with AirAsia Malaysia’s load factor reaching 65%. For July, we expect to achieve a higher load factor of 70% despite tripling our capacity month-on-month to cater to increasing demand,” Fernandes said.

“As a great believer in Asean, we remain confident in the growth potential of the region. In the IMF’s (International Monetary Fund) latest World Economic Outlook, Asean-5’s GDP (gross domestic product) growth was expected to rebound strongly to 6.2% in 2021, one of the highest growth rates in the world.

“We’re confident that AirAsia will not only benefit from this growth upturn but also contribute to the region’s recovery given the significant role that air connectivity plays in Asean’s trade and investment landscape,” he added.

He also touched on the group’s funding plans, pointing out that the group had received various forms of proposals and were in numerous discussions with banks, lenders as well as investors.

AirAsia had received indications from certain financial institutions to support its request for funding, amounting to more than RM1 billion, said Fernandes.

He emphasised that a certain portion of the loan would be eligible for a government guarantee loan under the Danajamin Prihatin Guarantee Scheme.

Meanwhile, the group’s Philippine and Indonesian entities are in various stages of bank loan applications. It is also applying for a government guarantee loan under the Philippine Economic Stimulus Act (PESA).

On the cost side of its operations, the group has taken measures including headcount rationalisation as well as a group-wide temporary salary reduction of between 15% and 75% to ensure its working capital remains intact.

“We have received deferrals from our supportive lessors and are now working on further extensions. We have also restructured 70% of our fuel hedging contracts and are continuously negotiating with our supportive counterparties for the remaining exposure.

“All in all, we expect at least 50% reduction in our cash expenses in 2020,” said Fernandes.

On Tuesday, a Bursa Malaysia filing by AirAsia stated that its auditor Ernst & Young PLT had issued an unqualified audit opinion on the material uncertainty relating to the group’s going concern given the current economic climate and the Covid-19 pandemic.

The auditor noted that AirAsia posted a net loss of RM283 million for the financial year ended Dec 31, 2019 (FY19), and that its current liabilities exceeded its current assets by RM1.84 billion.

At 10.30am, AirAsia had gained 3.5 sen or 4.96% to 74 sen, giving it a market capitalisation of RM2.47 billion.

Read also:
AirAsia says it aims to raise RM2.4 billion via debts and equity









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AAX 0.095
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Comments

Posted by apolloang > 2020-07-09 12:26 | Report Abuse

Posted by chickenriceseller > Jul 9, 2020 12:13 PM | Report Abuse

0.50 at 2.30pm

don't talk rubbish

Posted by strattegist > 2020-07-09 12:26 | Report Abuse

green

Posted by FlyAway > 2020-07-09 12:30 | Report Abuse

Strong support AA

Posted by strattegist > 2020-07-09 12:31 | Report Abuse

dark green

Posted by coronainvestor > 2020-07-09 12:32 | Report Abuse

so many rubbish talkers here.

Posted by ironrobe3388 > 2020-07-09 12:34 | Report Abuse

AirAsia said that it would source up to RM1 billion from financial institutions while raising the remaining RM1.4 billion from equity.

https://www.theedgemarkets.com/article/airasia-says-it-aims-raise-rm24-billion-debts-and-equity


raising the remaining RM1.4 billion from equity. do your calculation .RIGHTS PRICE TAG 42c

Posted by geary > 2020-07-09 12:37 | Report Abuse

https://www.scmp.com/news/asia/southeast-asia/article/3092107/singapore-malaysia-border-opening-decision-august

Posted by geary > 2020-07-09 12:45 | Report Abuse

https://www.malaymail.com/news/money/2020/07/09/after-auditor-flags-doubts-airasia-says-confident-business-will-continue-af/1882877

Posted by geary > 2020-07-09 12:52 | Report Abuse

https://www.straitstimes.com/asia/east-asia/at-war-time-speed-china-leads-covid-19-vaccine-race

Posted by geary > 2020-07-09 12:53 | Report Abuse

At war time speed', China leads Covid-19 vaccine race
China has brought state, military and private sectors together in a quest to combat the coronavirus.
China has brought state, military and private sectors together in a quest to combat the coronavirus.PHOTO: REUTERS
PUBLISHEDJUL 7, 2020, 9:18 PM SGT
FACEBOOKWHATSAPPTWITTER

Posted by speakup > 2020-07-09 12:54 | Report Abuse

AA is in ICU now
maybe will die
maybe will survive

Stay tuned.......

Posted by 123eztrade > 2020-07-09 12:55 | Report Abuse

rights issue is imminent.....r u ready to give up your hard earned money to AA? to Tony?

Posted by aarontan1987 > 2020-07-09 13:00 | Report Abuse

those cakap this thing will rise one confirm is kena trap dy hahahahahahaha. even E&Y also dont dare buy lo hahahhahaa

Posted by FlyAway > 2020-07-09 13:02 | Report Abuse

https://www.theedgemarkets.com/article/airasia-sees-strong-air-travel-demand-rebound-highest-posthibernation-daily-sale-41000-seats

Posted by aarontan1987 > 2020-07-09 13:02 | Report Abuse

trust me la this one confirm will drop till 30 cent one. if harder also go down to 9 - 10 cent range then operator cap at that level. price reach this u buy. i never simply give call and harm people one if trust u follow sure no problem

Posted by aarontan1987 > 2020-07-09 13:03 | Report Abuse

if u buy now i confirm u will lose more than 60% of your share value one. no one dare to go in now unless u billionaire sapu from every price la else u kena force out later cry hutang to all debtors

Posted by DChosen2 > 2020-07-09 13:04 | Report Abuse

As at March 31, AA having 1.1B cash Flow. Gonna source another 2.4 B. Total 3.5 B. QR 1 loss 0.8 B. So 3.5B to tahan till yr end. QR 2 loss around 2B (optimistic estimation). Left 1.5B for QR3 n 4. enough?

Posted by greedy44444 > 2020-07-09 13:10 | Report Abuse

TF is laughing at those so called expert here talking a lot but gain nothing from AA. Anyway TF says tqvm for making AA a hot topic, next time he will give you all a free seat to meet Xi Jinpeng to thank him for the great coronavirus.

Posted by Skyyahoo > 2020-07-09 13:13 | Report Abuse

Covid-19 is kacang putih

Posted by EatCoconutCanWin > 2020-07-09 13:13 | Report Abuse

buy in as Tony soon announce get loan approval 6billion

Posted by Skyyahoo > 2020-07-09 13:14 | Report Abuse

U r the king

Posted by Godstock8888 > 2020-07-09 13:15 | Report Abuse

for my analysis , airasia in this year tp will below 0.60 , heavy debt , full recovery 2022 , not a right time to enter now

Posted by super aloha > 2020-07-09 13:15 | Report Abuse

so sad I am looking some trader "feel happy" while grab at 0.60+, and now it's look paper profit few cents, in fact AA still in deep shit financial problem...price up 5-10% will help AA?