Posted by Loh Kok Wai W > 2020-07-31 14:36 | Report Abuse

below 0.60 can try.........but when it rebound please..........sell..

Posted by Victor Yong > 2020-07-31 15:04 | Report Abuse

IPO price:

Airasia~RM1.25, now 64sen (many years of dividend) - overall still gain
AAX~RM1.25, now 7sen - worse than MAS probably

Posted by tkl88 > 2020-07-31 15:09 | Report Abuse

Next Week rebound.. 0.80 ++
T.p by end of Aug 2020-> break above 0.90

T.p by end of Sep 2020-> break above RM1.00
T.p by end of Dec 2020-> break above RM1.50
T.p by end of Mar 2021-> break above RM2.00
T.p by end of Jun 2021-> break above RM2.50
T.p by end of Sep 2021-> break above RM3.00

Huat ah ! Heng ah ! Ong ah !

Posted by bjgdila123 > 2020-07-31 15:24 | Report Abuse

waiting below 0.40

Posted by theidiotone > 2020-07-31 15:33 | Report Abuse

tunepro worth at NA 0.74 is just around 600m, selling it to give financial assistance for AA will never be a wise choice.

Posted by Good123 > 2020-07-31 15:33 | Report Abuse



AMSTERDAM: KLM, the Dutch arm of Air France-KLM, said on Friday it would cut 1,500 additional jobs as part of a restructuring in which it needs to cut emissions by 50% by 2030 as well as prepare for recovering traffic after the coronavirus crisis.

Parent company Air France-KLM on Thursday reported a 1.55 billion euro ($1.8 billion) operating loss for the second quarter, with traffic down 95% from a year earlier.

KLM said the new cuts would mean its workforce, which was 33,000 before the pandemic, would be reduced by 20% in all by 2022. It did not rule out further cuts.

"In all scenarios, demand is only expected to recover by 2023 or 2024 at the earliest," Chief Executive Pieter Elbers said in a statement.

The restructuring was aimed at retaining as many "jobs as we can in a responsible manner and repaying loans as quickly as possible," he said.

By comparison, Air France SA plans to cut 6,500 jobs, or 16% of its workforce, through 2022..

The Dutch and French governments have given the two national carriers, which merged in 2004, a combined 10.4 billion euros ($12.4 billion) in bailout money, in a mix of loans and loan guarantees.

Conditions imposed by the Dutch government include pay cuts for executives and pilots, and a ban on bonuses and dividends.

KLM, while smaller than Air France, contributed more to group profits in the years before 2020, leading at times to friction between the French and Dutch governments.

Traffic is gradually resuming at KLM, although Elbers said the latest uptick in cases in many countries could threaten that.

While most of KLM's routes have been restored, it said last week it planned to operate about 13,000 flights in August, still down 60% from the same month a year ago. - Reuters

Posted by tkl88 > 2020-07-31 16:28 | Report Abuse

AirAsia get banks’ nod for RM1b funding
Thursday, 09 Jul 2020 
10:43 AM MYT

https://www.thestar.com.my/business/business-news/2020/07/09/airasia-get-banks-nod-for-rm1b-funding

Posted by ocpd > 2020-07-31 16:33 | Report Abuse

ppl are so desperate and post last month news? btw, where is the imaginary funding announced last month?

Posted by tkl88 > 2020-07-31 16:35 | Report Abuse

Getting back to normal Saturday, 11 Jul 2020

https://www.thestar.com.my/business/business-news/2020/07/11/getting-back-to-normal

HE called it the biggest fight of his career. Saving AirAsia Group Bhd

is Tan Sri Tony Fernandes’ biggest challenge after he and his business partner Datuk Kamarudin Meranun bought a fledgling airline for one ringgit 18 years ago to turn it into one of the world’s most famous low-cost airlines.
With its fleet grounded until recently, Fernandes had to endure the anguish of wondering if the airline they painstakingly built will be able to survive the business chasm brought about by the Covid-19 pandemic.

Just as flights resumed, AirAsia’s auditors Ernst & Young dropped a bombshell after it raised concerns about the company’s financial statements for the financial year ended Dec 31,2019.
It issued an unqualified audit opinion due to material uncertainty relating to going concern as its current liabilities exceeded its current assets by RM1.843bil. That number has nearly doubled at the end of its first quarter ended March 31,2020 with the change in accounting rules on its leases affecting its balance sheet.


The airline is confident its business will continue to survive, given the efforts already undertaken to raise cash and to cut costs, more importantly to see its cash expenses drop by 50% this year.
“The good thing is... about three months ago, there was a vision but we did not really know whether that vision would happen. The good thing is we’re flying, ” Fernandes tells StarBizWeek in an interview.
“We see people at the airports, our load factors are not bad, everyday our sales are improving, that is a lot better than (March and April).”
Next up will be when international flights resume and the airline, which used the downtime effectively to grow its digital business, is looking at those businesses being more than supplementary ancillaries to its overall operations.
Below is the interview Fernandes gave to StarBizWeek’s Royce Tan and Jagdev Singh Sidhu.
You said this was your biggest challenge, why is it so and what have you learnt from the many crises you have been through? The biggest challenge is because in every other crisis, there was an ability to create demand. You can’t create demand between Malaysia and Thailand right now because it’s not open.
We could do something to stimulate the market and to get it going. Now it’s a waiting game.
I have no doubt at all, as soon as the borders are unlocked, travel will be like this (gesturing a steep upward curve). I’ve absolutely no doubt.
The beauty is also that, tourism is a very large part of the Asean economy, a massive part of Thailand’s economy, and a big part of the Malaysian economy.

It’s all just a waiting game?Yeah, but at least it’s imminent. When Covid-19 started, if you told me there’s going to be 95% of the planes on the ground in the world, I would’ve laughed at you. No one expected that Malaysia will be locked down for six weeks and millions of people around the world are infected.
But I think now when there’s a cluster, we know how to react. Melbourne’s got some, it’s been isolated, they’re dealing with it. We’re prepared, the health system is prepared. So far, big countries like Indonesia, Thailand, Indonesia, the Philippines and India, our markets are much more prepared.
What about the subsidiary companies that you have. How are they coping?I think Thailand is similar to Malaysia, domestic is operating. The Thai government has pumped in a lot of money into the tourism industry. They’re giving like 40% for your hotel that kind of stuff. India is an interesting comparison. The Philippines is next, they’re flying, it’s getting better.
Indonesia is the toughest but then again you can’t compare Indonesia like you compare Brazil. Indonesia has got a lot more (cases) than us but less than Brazil. And Indonesia is a massive archipelago.
And India is a market which is operating in Covid-19, it’s interesting. In India, China and Indonesia, you will see green zones opening up.
How are you prepared for that, what’s your roll out strategy when things start to move?Domestically, we’re just having capacity as and when we need. In terms of international, we got it into two bits, countries that we think need no testing and no quarantine and countries that we think will need testing. Countries that will need quarantine, we’re not even bothered.
So for the first bunch, no big deal. For the second bunch, we’re working with clinics and hospitals, trying to reduce the cost so that you can get tested. We already built a tag, so your medical records will be in our app.
The second thing is consumer behaviour. With Malaysia Airports Holdings Bhd

, we’re now almost contactless and the last thing is the bag drop.
You can now use your mobile phone to check in at the counter and your luggage tag will come out. You still need to hold the handle to bag drop, but that will also be contactless soon.

Posted by freddiehero > 2020-07-31 17:13 | Report Abuse

0.50 rebound to 1.0 u all not yet success run ka?

Posted by freddiehero > 2020-07-31 17:13 | Report Abuse

mean tat u all agree for the right issue lo..

Posted by freddiehero > 2020-07-31 17:14 | Report Abuse

c Tony wants aax merge with aa or not lo, dono LA how later..

Posted by freddiehero > 2020-07-31 17:16 | Report Abuse

since 3.6 I still not brave to touch this.. maybe it call red eagle

Posted by lwyy60 > 2020-07-31 17:32 | Report Abuse

AA hv % holding in AAX, look like it is another impairment incoming. AAX will be no longer fit in bursa lolz. Good luck guys.

Posted by IronShirt > 2020-07-31 17:44 | Report Abuse

Its CEO, Tan Sri Tony Fernandes said of this debt funding, a certain portion would be eligible for the government guarantee loan under the Danajamin Prihatin Guarantee Scheme in Malaysia.

Danajamin interest rate is Not Cheap,,,,maybe 10%. Guarantee by Gov. but lender(s) are foreigner
AA might able to float after Loan but will be unprofitable for a long time to pay off loan and Interest

Posted by IronShirt > 2020-07-31 17:59 | Report Abuse

AA holds 570mil aax shares( 13.76%) at maybe RM1.0( now 0.07C). How much can you raise RI
based on 2-3cents? Dispose aax will cause AA a accounting loss of 500mil

Posted by Panorama1 > 2020-07-31 18:09 | Report Abuse

@llyy60 In view of AAX recent announced QR1 results and negative Shareholders Fund, what will be the impairment impact (quantum) on AA in the next QR2 results to be announced in August ?

Posted by Zuliana > 2020-07-31 18:14 | Report Abuse

No worries, be happy.
Vaccines coming out soon

Posted by Zuliana > 2020-07-31 18:16 | Report Abuse

Then a lot of fence sitters will cry, why don’t they buy now.
Regret later also no use.

Posted by Good123 > 2020-07-31 19:33 | Report Abuse

tune protect's positive results for Q2,2020 was released almost one month earlier to mitigate the negative effects of aax's results for Q2, 2020

Posted by Good123 > 2020-07-31 19:33 | Report Abuse

for AAX's Q1,2020 results

Posted by Good123 > 2020-07-31 19:37 | Report Abuse

tune protect: 751 mil shares X 76sen (NAV) X 2 times~RM1.14bil if able to buyer :) selling tune protect should help a bit :)

Posted by stargate > 2020-07-31 22:35 | Report Abuse

Very huge debt, this company either PN17 or bankrupt only!

Posted by Good123 > 2020-08-01 08:10 | Report Abuse

~3.35bil shares issued. right issue 2:1 at 50sen, dapat ~rm3.35bil, bagi beberapa free Warrants

Posted by Good123 > 2020-08-01 08:11 | Report Abuse

shareholders tak Wang bagi right issue, boleh bagi tempohmasa Jual rights Yang lebih panjang

Posted by Good123 > 2020-08-01 08:12 | Report Abuse

jika major shareholders takda Wang untuk right issue, Jual tune protect dahulu

Posted by Good123 > 2020-08-01 08:50 | Report Abuse

CGS-CIMB Research pointed out that AAX burned through RM140mil in cash in 1Q20 and only has RM219mil left as at March 31.

“Assuming 1Q20 salary costs of RM105mil are reduced to RM70mil per quarter for the rest of the year, AAX only has enough cash to pay salaries until the end of 2020, not even considering its obligations to its suppliers.

“AAX is not in a desperate attempt to grasp at all the straws it can find. We believe AAX has not been repaying its lessors, maintenance providers and suppliers since 4Q19.

“Lessors are unable to do anything about this effective default of the operating lease contracts as repossessing the planes may leave them looking in vain for replacement customers, ” it said in a note yesterday.

The research house gave AAX a brutal target price of zero sen, saying that even with the substantial support of the airline’s suppliers, it is unlikely to survive unless it gets a cash injection.

It is of the view that it will be unlikely for any bank to agree to provide liquidity unless there is shareholder support.

“But we have no evidence of either the individual shareholders of AAX or AirAsia willing to top up equity and the Malaysian government has so far not offered state backing, ” it said.

AAX is planning to make an application for a government loan of up to RM500mil under the Danajamin Prihatin Guarantee Scheme.

Another analyst, speaking to StarBizWeek on the condition of anonymity, questions if the government would even extend its assistance to AAX.

“Will AAX survive? The bankruptcy of AAX will benefit Malaysia Airlines, which has been in a bad shape for years, ” he says.

Meanwhile, CGS-CIMB also forecasts that AAX’s available seat kilometre capacity in FY20 will only be 22% of its FY19 baseline, with FY21 at 40% and FY22 at 50%.

It adds that even if borders reopen, the carrier may have to be a lot more selective on the routes it flies.

AAX admits it continues to face severe liquidity constraints and says its management and directors will continue to seek additional liquidity and work towards a material reduction of the company’s cost base to enable the airline to continue as a going concern in the post Covid-19 environment.

Time is seriously running out for AAX to raise funds.

As much as it is imperative for companies to have a solid game plan to pick up post-Covid-19, AAX’s bigger headache will be to ensure it manages to survive 2020.

AAX closed at seven sen on Thursday, not that much of a rebound from the counter’s all-time low of four sen during the stock market crash of March 19.

Posted by Good123 > 2020-08-01 08:51 | Report Abuse

AAX's target price 0 sen by CIMB.

Posted by Good123 > 2020-08-01 08:55 | Report Abuse

right issue for AA and aax cepat3, Dah mau bankrap. Rights Issue

AIRASIA X BERHAD
EX-date13 May 2015Entitlement date15 May 2015Entitlement time05:00 PMEntitlement subjectRights IssueEntitlement descriptionRenounceable rights issue of up to 1,779,071,540 new ordinary shares of RM0.15 each in AirAsia X Berhad ("AAX Shares") ("Rights Shares") together with up to 889,535,770 free detachable warrants ("Warrants"), on the basis of 3 Rights Shares for every 4 AAX Shares held as at 5.00 p.m. on 15 May 2015 ("Entitlement Date") and 1 Warrant for every 2 Rights Shares subscribed for by the entitled shareholders at an issue price of RM0.22 per Rights Share (the "Rights Issue with Warrants")Period of interest payment  to  Financial Year End31 Dec 2015Share transfer book

Posted by Good123 > 2020-08-01 09:08 | Report Abuse

nampaknya, aa sangat terdesak untuk Jual tune protect kini. aax kantoi dengan sangat teruk

Posted by JJchan > 2020-08-01 09:40 | Report Abuse

If i am a Buyer interested in Tune, my asking price will be 70% Below market. Tune will suffer
massive loss in 2nd Quarter, 3th----2021. Bcos no passengers no flight insurance, no passengers for Tune Hotel

Posted by Good123 > 2020-08-01 10:05 | Report Abuse

AA below 60sen upon opening next week probably. :)

Posted by Good123 > 2020-08-01 10:05 | Report Abuse

right issue at 50sen or below otw. just be patient

Posted by Good123 > 2020-08-01 10:06 | Report Abuse

government won't help AA, if AA and AAX tiada, mas and firefly will be better

Posted by Good123 > 2020-08-01 10:08 | Report Abuse

so, govt won't help, banks takut lend money if major shareholders tak jamin dan inject funds, so, right issue is OTW

Posted by Good123 > 2020-08-01 10:09 | Report Abuse

Korean group tak ambil right issue, probably tak yakin atau harga Yang Mahal bagi pp Yang dicadangkan

Posted by Good123 > 2020-08-01 10:09 | Report Abuse

if AA falls below 50sen, ikut target price analyst at 41sen, Korean group mungkin ambil pp

Posted by Good123 > 2020-08-01 10:12 | Report Abuse

next Monday, expecting rush to sell aa and aax shares

Posted by ahwong95 > 2020-08-01 10:16 | Report Abuse

if u look at the transaction situation of airasia on thursday, you will know monday is a great time to collect. Sharks trying to press down the price. keep publish all the bad news that we've already known a long time.

Posted by derricksyl > 2020-08-01 10:19 | Report Abuse

TP 0.35

Posted by sampooler > 2020-08-01 10:36 | Report Abuse

ahwong95.. i agreed... haha... market wont kill the red bird & red bird x..

Posted by paktua73 > 2020-08-01 11:25 | Report Abuse

selamat tgh hari..all AA holders..

paktua a bit topical on cimb research..
cimb be The worst Analysis banker ever..
paktua always opposite their tp..
for AA..
yes now is worst n bad wave to them..
Paktua also not dare to play here..
will try to analyze base on paktua own TA..
if match paktua will be back swing here..


tut tut

Posted by NohopeAirasia > 2020-08-01 11:32 | Report Abuse

Research house expects zero share price for AirAsia X

A RESEARCH house has cut the Target Price (TP) for AirAsia X Berhad’s (AAX) share to zero after the long-haul budget carrier recorded its biggest ever quarterly net loss.

CGS-CIMB Equities Research, in maintaining a reduced rating on the stock, said in a note today that the airline group’s net liability position prompted the cut of the target price from 7 sen to zero.
https://www.themalaysianinsight.com/s/264052

Posted by IronShirt > 2020-08-01 11:56 | Report Abuse

now aax ability to stay at 7cents bcos Tony's margin account is supporting aax price. If Mon. aax plunges, margin account got no choice but liquidate. Don't buy aax regardless how low it gets

Posted by Good123 > 2020-08-01 11:58 | Report Abuse

LIST OF TOP 30 LARGEST SHAREHOLDERS
AS AT 30 JUNE 2020
Name of Shareholders
No. of
Shares Held
% of Issued
Share Capital
1. AirAsia Berhad 570,728,502 13.76
2. RHB Capital Nominees (Tempatan) Sdn Bhd
RHB Islamic Bank Berhad Pledged Securities Account for Tune Group Sdn Bhd
521,503,118 12.57
3. CIMSEC Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Tune Group Sdn Bhd (EDG

Posted by Good123 > 2020-08-01 11:58 | Report Abuse

AAX

LIST OF TOP 30 LARGEST SHAREHOLDERS
AS AT 30 JUNE 2020
Name of Shareholders
No. of
Shares Held
% of Issued
Share Capital
1. AirAsia Berhad 570,728,502 13.76
2. RHB Capital Nominees (Tempatan) Sdn Bhd
RHB Islamic Bank Berhad Pledged Securities Account for Tune Group Sdn Bhd
521,503,118 12.57
3. CIMSEC Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Tune Group Sdn Bhd (EDG

Posted by IronShirt > 2020-08-01 13:28 | Report Abuse

looking aax major shareholders..Tony&Kama + Tune + AA= 40%..Price well supported at 7C..Mon?

Posted by Good123 > 2020-08-01 13:36 | Report Abuse

aax is quite similar to sia, waiting for other countries to open. SINGAPORE: Singapore Airlines (SIA) reported a first-quarter net loss of more than US$800 million (RM3.4 billion) on Wednesday, the latest carrier to take a massive hit as a result of the coronavirus pandemic.

 

Passenger traffic was reduced to almost zero in the three months to June, SIA said, leading to the Asian carrier's biggest-ever quarterly net loss of S$1.12 billion (US$816.58 million).

 

The numbers extended the flag-carrier's financial bloodletting after losing S$732 million in the 2019 fourth quarter ended March 31, leading to its first-ever annual loss.

 

"Demand for air travel evaporated as travel restrictions and border controls were imposed around the world to contain the spread of the virus," SIA said.

 

Earnings from cargo flights were not enough to offset the massive decline in passenger numbers, and group revenue plunged 79.3 per cent year-on-year, it said.

 

Shukor Yusof, an analyst with aviation consultancy Endau Analytics, described SIA's first-quarter earnings as "grotesque", reflecting the severity of coronavirus on the global industry.

 

"Unfortunately, there will be more losses in the coming quarters and which will require SIA to sadly lay-off staff," he told AFP.

 

It was also unlikely that the bulk of the airline's 19 Airbus A380s would return to service as there would be overcapacity, he said.

 

Wholly dependent on international routes, the airline was particularly hard-hit by the virus and cut passenger services by 96 per cent from April to June – grounding most of its fleet.

 

The International Air Transport Association (IATA) estimates that airlines operating in the Asia-Pacific region stand to lose a combined US$27.8 billion this year.

 

On Tuesday, IATA said global air traffic is unlikely to return to pre-coronavirus levels until at least 2024 – a year later than previously projected.

 

Among the reasons for this "more pessimistic" outlook is the slow virus containment in the United States and other developed economies, it said.

 

SIA said it has raised a total S$11 billion in fresh funds to help it weather the crisis, including S$8.8 billion from a rights issue backed by its majority shareholder, state investment fund Temasek Holdings.

 

 - AFP

Posted by Victor Yong > 2020-08-01 14:40 | Report Abuse

41-48sen OTW, analysts so bijak :)

Date Open Price Target Price Upside/Downside Price Call Source News
22/07/2020 0.71 0.41 -0.30 (42.25%) SELL AmInvest Price Target News
20/07/2020 0.73 0.48 -0.25 (34.25%) SELL HLG Price Target News

Posted by Victor Yong > 2020-08-01 14:42 | Report Abuse

Research house expects zero share price for AirAsia X | The ...www.themalaysianinsight.com › ...
1 day ago - CGS-CIMB says the long-haul carrier will not survive without cash injection. ... has cut the Target Price (TP) for AirAsia X Berhad's (AAX) share to zero after the ... position prompted the cut of the target price from 7 sen to zero.