Posted by salman > 2020-07-10 09:17 | Report Abuse

WARNING BUY!!!

Posted by strattegist > 2020-07-10 09:20 | Report Abuse

green

Posted by geary > 2020-07-10 09:23 | Report Abuse

strattegist green

Dark Green then... SELL...(θ‿θ)

Posted by BanglaMan > 2020-07-10 09:30 | Report Abuse

No sell, wait for Holland.. see my track record.. I’m never wrong..

Posted by geary > 2020-07-10 09:35 | Report Abuse

BanglaMan No sell, wait for Holland.. see my track record.. I’m never wrong..

U in Holland...AA still alive n kicking around...(✷‿✷)

Posted by geary > 2020-07-10 09:40 | Report Abuse

The week that was - rate cut | https://www.klsescreener.com/v2/news/view/700331

More margin account openings...!!!

Posted by Daily8 > 2020-07-10 09:53 | Report Abuse

The 1bil injection from loan enough for how many months burn rate?

Posted by BanglaMan > 2020-07-10 10:01 | Report Abuse

If u see the financials.. u know RM2b won’t be enough.. you need at least RM3-5b.. right issue who will subscribe? A big big red flag is Tony and other management are not even buying back the shares.. that’s a big no no for me.. they don’t buy, means they don’t see current price as value.. be smart.. stay sideline.. only buy when you see announcement someone is buying.. don’t be the dumb dumb..

Posted by from1to10 > 2020-07-10 10:04 | Report Abuse

Tony use ur twitter tweet tweet again. Share tweet tweet higher

Posted by Mabel > 2020-07-10 10:15 | Report Abuse

KUALA LUMPUR (July 10): Khazanah Nasional Bhd is not discounting the possibility of a merger between Malaysia Airlines Bhd and AirAsia group, which consists of two listed entities — AirAsia Group Bhd and AirAsia X Bhd (AAX).

"In life, never say never to anything," replied Khazanah's managing director (MD) Datuk Shahril Ridza Ridzuan when asked if the proposal on merger between Malaysia Airlines and AirAsia was off the table in an interview with Bloomberg TV.

Shahril commented that moving forward, airlines will have to cooperate with each other in order to weather and recover from the disruption caused by Covid-19.

Posted by liyita > 2020-07-10 10:26 | Report Abuse

@geary. Do you still count on the China vaccine? Haha! China soldiers have side effects!

Posted by liyita > 2020-07-10 10:37 | Report Abuse

2015年，AA经过困境，Tony也是想办法让AA股价上升。

所以，我相信Tony这次也是有办法！相信Tony，相信AA！

Posted by liyita > 2020-07-10 10:37 | Report Abuse

In 2015, after AA struggled, Tony also tried to find ways to increase AA's stock price.

So, I believe Tony has a way this time too! Trust Tony, trust AA!

Posted by DonLee > 2020-07-10 10:37 | Report Abuse

TF's words where can be trusted one...

when oil price start collapse , he said AA will be in good biz in coming years. AA at 2.9 push 3.4

then......all sochai went buy because of oil price low.....then come
the accounting issue AA jadi 75 cents .

hahaha

Posted by DonLee > 2020-07-10 10:38 | Report Abuse

trust warrant buffet better la

Posted by geary > 2020-07-10 10:41 | Report Abuse

liyita @geary. Do you still count on the China vaccine? Haha! China soldiers have side effects!

I ain't expert in medical science...but all vaccine have side effects...if benefits greater than the later...then they just do it...same like most western medicines have side effects when taken for long time...this is an emergency...so those front line workers...defence forces...firdt to be vaccinated...Sometimes lot of demonic rumours from western media especially products came out from China...Huawei is one of them...!!!

Posted by strattegist > 2020-07-10 10:41 | Report Abuse

green

Posted by geary > 2020-07-10 10:44 | Report Abuse

strattegist green
10/07/2020 10:41 AM

Q...@0.82...Take some profits... $€£...!!!

Posted by BornToSpeculate > 2020-07-10 10:51 | Report Abuse

When you look at the financials, you'll realize how incompetent this management is. In FY2018, declared almost 100% of their profits out as dividend ie paid out 1,7b out, in FY2019 they reported a loss of 550m but paid out a dividend of 3.4b. I still recall everyone was singing praises about AA then for this super dividend but no 1 really asked if this was sustainable or right thing to do.

TF really wants to the milk the company. Taking Airbus bribes wasnt enough. Now the company only 1.6b cash left and networth is only 1.1b. Their liabiilities are only 24b, no wonder auditor raised this concern. One more big quarter loss and the company will be negative networth

Now the crook tell us AA is still viable coz after he milked the company, he wants you to subscribe for his rights issue. End of the day, he bought the AA for RM1 through cable and he has milked it enough, if it dies tomorrow only shareholders suffer. This is kind of scum that we should throw in jail for mismanagement and integrity.

AA is only successful in short haul mainly due to cable ie by taking all the profitable routes that MAS has, they dont do not profitable routes. TY is a true Malaysian businessman thats needs cable to do business thats why AAX which is on a level playing field internationally is dead from day 1

If he was a steady at all, he would loan or advance some of that bribed money from airbus and the dividends he took to Airasia to show his support for the company and putting his money where his mouth is. If he does that, im sure market will look at it positively.

Good luck to you guys

Posted by geary > 2020-07-10 11:02 | Report Abuse

Japan looks to reopen business travel with 10 more Asian economies
China, South Korea and Singapore among candidates for new air bridges


Narita Airport near Tokyo and other Japanese flight hubs aim to nearly double coronavirus testing capacity by August. (Photo by Yo Inoue)
YUKIO TAJIMA and SHOGO KODAMA, Nikkei staff writers
July 9, 2020 23:40 JST
TOKYO -- Japan intends to begin talks in mid-July on resuming business flights with 10 more economies including mainland China, South Korea and Taiwan, a move that will be backed by a sharp increase in coronavirus testing capacity.

Tokyo also seeks travel talks with Singapore, Malaysia, Brunei, Myanmar, Cambodia, Laos and Mongolia.

Prime Minister Shinzo Abe is expected to unveil plans for the negotiations soon. The move comes as agreements between destinations where the pandemic is under control -- known as travel bubble or air bridges -- proliferate in Asia.


Japan already has opened similar discussions with Vietnam, Thailand, Australia and New Zealand. Vietnam welcomed about 440 Japanese business flyers in late June.

Tokyo's plans for reopening travel target economies that hold deep ties with Japan and have controlled the spread of the novel coronavirus. Taiwan is expected to be among the first to agree to the arrangement.

Though Tokyo will enter talks with Beijing and Seoul at the same time as Taiwan, concerns exist that the number of Chinese and South Korean travelers would overwhelm Japan's testing capacity.

Japanese airports are currently capable of testing up to 2,300 people a day. The expansion of diagnostic testing centers and the introduction of antibody tests will raise daily capacity to 4,000 people by August.

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Posted by geary > 2020-07-10 11:06 | Report Abuse

TRANSPORTATION
AirAsia will rebound to profit in a year, vows CEO Tony Fernandes
Discount airline needs to raise $470m in next 6 months to be 'very comfortable'


Tony Fernandes said he was confident AirAsia coud be profitable in 2021. (Photo by Yuki Nakao, File photo)
P PREM KUMAR, Nikkei staff writer
July 9, 2020 19:41 JST
KUALA LUMPUR -- AirAsia Group CEO Tony Fernandes on Thursday said the low-cost airline can bounce back to profitability next year, but that it will look to raise 2 billion ringgit ($469 million) in the next six months to be in a "very comfortable" position.

In an interview with Nikkei Asian Review, Fernandes expressed confidence that AirAsia can overcome heavy losses brought on by the COVID-19 pandemic.

The Malaysia-based company said earlier on Thursday that it was working to raise more than 1 billion ringgit ($234 million). Air Asia gave details of its plans after its shares fell sharply on Wednesday following a statement from the company's auditors, Ernst & Young, which expressed doubts about the airline's ability to continue as a going concern.


"At 1 billion ringgit, we are comfortable. But if we can raise 2 billion ringgit, we would be in a very comfortable position," Fernandes, AirAsia's founder, said from his Kuala Lumpur office. "I know I'm ambitious, but I am confident that in 2021 we can be profitable."

A portion of the funding would come from a share offering to take place within the next six months, according to Fernandes, who said the new shares would be placed with a third-party investor. "We have received a lot of interest from everywhere. Our corporate finance team is working hard in finalizing the best deal," he said.

Fernandes also dismissed speculation that the airline might pull out of joint ventures in Japan and India. He said both countries were still promising and there were no plans to withdraw from those markets. "[In] Japan and India, we have excellent partners, and there are no plans to exit, at least at the time being. We need to expand in these markets, and maybe in one more year they can be profitable," he said.

Fernandes said domestic flights had resumed at 50% capacity, with a load factor of 60% in July alone, a sign of growing demand. The airline expects to be running at 90% capacity domestically by year-end, while international flights will increase gradually.

Other supporting factors include rising air fares, low fuel costs and increased travel demand in countries where AirAsia operates.

On the statement by Ernst & Young, which informed the Kuala Lumpur stock exchange that it found "material uncertainties" that may cast "significant doubt" on the carrier's ability to continue as a going concern, Fernandes said he did not take offense at the report, which he called "completely fair." He pointed out that the airline was not alone in facing a tough environment due to the pandemic.

"The lines that EY wrote will be on the papers for most companies out there, not only airlines. We are all affected by this unprecedented event," Fernandes said.

"We draw attention to Note 2.1 and Note 48 to the financial statements, which indicate that the group has a net loss of 283 million ringgit ($66.2 million) for the financial year ended 31 December 2019 and the current liabilities exceeded its current assets by 1,843 million Ringgit," the auditors said in their statement. "The travel and border restrictions implemented by countries around the world have led to a significant fall in demand for air travel, which impacted the group's financial performance and cash flows," the report said.

AirAsia's shares were suspended briefly on Wednesday and closed at 0.70 ringgit, down 17.5% from Tuesday's close. On Thursday they partly rebounded, rising 6.4% to 0.75 ringgit.

AirAsia on Monday reported a first-quarter net loss of 804 million ringgit, reversing a 96 million ringgit profit for the year-earlier period.

The COVID-19 pandemic has closed the borders of most of AirAsia's key markets, including Malaysia, Thailand, Indonesia, the Philippines, China and India. As a result, the budget airline carried 9.85 million passengers in the first quarter, down 78% from a year earlier.


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Posted by bahai4453 > 2020-07-10 11:16 | Report Abuse

If Tony is agreed to merge with Malaysia Airlines without any changes in Malaysia Airline'S BOD and management team, Tony certainly will make a biggest mistake in his life because Malaysia Airline is already a rotten apple with huge losses and a deep black holes to patch. Further more Malaysia Airline is GLC.
He rather seek for JV with PRC business men. Good example is the Zhejiang Geely Holding Group bought over of Proton Holding in 2018. Now you just look at Proton holding now !

Posted by Elmerbaby > 2020-07-10 11:18 | Report Abuse

checking in to read funny stuff ppl write to downplay the price just so can buy cheap lol. pointless effort and clearly it does not reflect the price movement and it wont. all of us here combined still very small fraction. anyhow, keep it up duh

Posted by geary > 2020-07-10 11:19 | Report Abuse

bahai4453 If Tony is agreed to merge with Malaysia Airlines without any changes in Malaysia Airline'S BOD and management team, Tony certainly will make a biggest mistake in his life because Malaysia Airline is already a rotten apple with huge losses and a deep black holes to patch. Further more Malaysia Airline is GLC.
He rather seek for JV with PRC business men. Good example is the Zhejiang Geely Holding Group bought over of Proton Holding in 2018. Now you just look at Proton holding now !
10/07/2020 11:16 AM

Yup...!!!

Posted by strattegist > 2020-07-10 11:32 | Report Abuse

green

Posted by geary > 2020-07-10 11:34 | Report Abuse

Lower cost: Southwest Airlines employee Oscar Gonzalez (right) assisting a passenger at the ticket counter at Love Field in Dallas recently. Furloughs are seen to create a competitive boost for budget carriers like Southwest. — AP

THE US legacy airlines with lacklustre employee demand for early exit packages face large furloughs in the fall, signalling higher post-pandemic labour costs because union contracts require airlines to furlough in reverse order of seniority.

This could create a competitive boost for budget carriers including Southwest Airlines, whose lower cost structure could help it win market share with cheaper fares, experts said.

Labour will be the biggest single cost for airlines struggling to weather the coronavirus crisis that has crushed air travel demand.

With no quick recovery in sight, United Airlines said Wednesday it was sending 36,000 furlough warnings to union workers, nearly half its staff, after having received only 3,700 volunteers for early exit deals. Flight attendants are among the hardest hit.

The union contract requirement to furlough lower-salaried union workers first creates a higher per-seat-mile labour cost and a larger cost gap against low-cost carriers.

“And I imagine ticket prices will flow more or less in line with that, ” said Blake Haxton of Diamond Hill Capital Management analyst, which owns airline shares.

United flight attendants earn under US$30 an hour at the lower end of the pay scale versus nearly US$70 an hour at the top end, according to 2016-2021 contractual pay charts reviewed by Reuters.

Low-cost carriers like Southwest have another advantage: Their networks are more focused on domestic leisure travel, where demand is seen recovering first. Legacy carriers, on the other hand, generate more profit from business travel, which remains anaemic.

“It’s a perfect storm for the legacy carriers, ” Haxton said.

United’s warning, which one labour leader called a “gut-punch” but also an “honest assessment” of the state of the industry, is the first indication of the scale of large airlines’ job cuts coming Oct 1.

That is when airlines that received a US$25bil federal payroll support package to help protect jobs through September can begin involuntary furloughs.

Unions have asked lawmakers to extend the payroll aid through March 31. Airlines are not opposed to the idea but are not actively lobbying for it, with little appetite to extend conditions tied to the first package, people familiar with the matter said.

The final number of United furloughs will depend on how demand evolves and how many employees leave voluntarily. The deadline to apply for early exit deals, which offer travel and health benefits but no cash, is July 15.

Exit packages at Southwest, aimed at avoiding its first furloughs in its 49-year history, include buyouts. The deadline is also July 15.

Delta Air Lines is also offering buyouts. American Airlines is expected to roll out a broader early-exit programme for frontline workers soon but has warned it may have 20,000 more staff than needed in the fall.

Until now, tens of thousands of airline workers have taken temporary unpaid leaves, helped by a US$600 weekly federal unemployment supplement that expires this month. That means more employees could return to payroll on Aug 1 if a push in Washington for a second round of stimulus checks fails.

Furloughs will vary by work group, with airlines seeking to avoid pilot furloughs because of the timely and costly training involved in bringing them back.

It generally takes about one year to re-train 800 pilots, union officials said. If a Covid-19 vaccine is developed and demand bounces back, airlines want to be able to pick up that demand.

United said it was sending about 2,250 furlough warnings to pilots while working with the union to mitigate the final number. — Reuters

Posted by IvanC > 2020-07-10 11:44 | Report Abuse

Confirm up next week. Buy!!!

Posted by Lanesra > 2020-07-10 11:44 | Report Abuse

Aiyo forgot about this stock for a while lor

Posted by FlyAway > 2020-07-10 11:47 | Report Abuse

RM1 coming again~~

Posted by Wongthk > 2020-07-10 11:48 | Report Abuse

People are short sighted....goreng stock especially International flight might be resumed anytime soon.

Posted by FlyAway > 2020-07-10 11:48 | Report Abuse

fasten your seat belt...

Posted by free2invest > 2020-07-10 11:52 | Report Abuse

What ever fund raising via loan or issue new shares will not benefit the shareholders. Better wait and see far at least two months.

Posted by chickenriceseller > 2020-07-10 12:00 | Report Abuse

preparing popcorn for those who say up

Posted by strattegist > 2020-07-10 12:26 | Report Abuse

green

Posted by sampooler > 2020-07-10 12:28 | Report Abuse

the share up mainly due to easy to get loan & let bank to feel good/confident.haha.. 2 cents

Posted by sampooler > 2020-07-10 12:29 | Report Abuse

but this will not be long and solid rally... good luck.

Posted by free2invest > 2020-07-10 12:32 | Report Abuse

Yup...agreed.

Posted by geary > 2020-07-10 13:11 | Report Abuse

TRANSPORTATION
AirAsia will rebound to profit in a year, vows CEO Tony Fernandes
Discount airline needs to raise $470m in next 6 months to be 'very comfortable'

Posted by Daily8 > 2020-07-10 14:04 | Report Abuse

Need to clear the Q2 first then only feel optimistic. Now up also because of 67C above bought by punters.

1bil injection isn’t cheap. The burn rate is too high. With US keep rising their confirmed cases, don’t expect the occupancy rate to go high. China still suffering with current new virus and natural disasters especially flood.

Posted by newbie1111 > 2020-07-10 14:20 | Report Abuse

Even after vaccine is approved end of the year. It will take months for distribution and the first batch of vaccine likely only give a few months of immunity. Need to wait longer for the more advanced vaccine that can give long lasting immunity. During the time travel would not recover to normal. AA need to shed a lot of capacity and staffs to be profitable at this new baseline. At the same time don't be surprised if new competition emerge as it become easier for new airline to be form with so many plane and experience staff available in the market

Posted by Simple Man > 2020-07-10 14:21 | Report Abuse

wont die just need time

Posted by strattegist > 2020-07-10 14:35 | Report Abuse

green

Posted by BanglaMan > 2020-07-10 14:51 | Report Abuse

LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL

Posted by ctern8382 > 2020-07-10 14:54 | Report Abuse

Can buy at 0.77?

Posted by DickyMe > 2020-07-10 14:56 |

Post removed.Why?

Posted by EagleEye > 2020-07-10 15:11 | Report Abuse

.
AA can get 1B, it can be depleted in 4mths... so there is always a risk here...trade with care,those holidng above 2.00 is GG for now...sorry for that

Posted by budakbaik > 2020-07-10 15:18 | Report Abuse

Today only Tony families n frens trade at KLCI. the rest only tengok saja. Red sea today. So struggle Tony to save AA counter. Good luck...

Posted by rasyid7 > 2020-07-10 15:26 | Report Abuse

0.01 sen coming soon.. sell sell hahahaha

Posted by topglove2 > 2020-07-10 15:32 | Report Abuse

I am continue to buy Airasia shares, albeit small amount from my glove investment as Airasia is now buying gloves for their staff.

Posted by Mabel > 2020-07-10 15:45 | Report Abuse

Wahhhh so nice and so green...

As per writing more 68 million shares traded

No of Buyers outpace No of Sellers
Buying Queue outpace Selling Queue..

Meow Meow Meow