Posted by SinGor > 2020-08-06 02:52 | Report Abuse

https://finance.yahoo.com/news/virgin-atlantic-airline-files-us-001311977.html

Tony mentor is now a Bankrupt

Posted by abang_misai > 2020-08-06 06:02 | Report Abuse

Mentor richard already declared bankrupt. Technically, his protege tony has also become a bankrupt,

Posted by Good123 > 2020-08-06 06:53 | Report Abuse

KUALA LUMPUR (Aug 5): Malaysia and Singapore need to streamline the standard operating procedures (SOPs) before allowing cross-border travel between the two countries to resume after being halted since March due to the COVID-19 pandemic.

Health director-general Datuk Dr Noor Hisham Abdullah said both countries should have a mutual understanding and discuss how to mitigate or address the risks should there be any infections.

He said Malaysia needed to be selective in giving any leeway for fear it might lead to an increase in COVID-19 cases.

"Our time frame for Singapore...we start this month, we can implement it. But again we looked at the situation, where we have seen the data that Singapore's positive rate is at 8.2 percent (per 1,000 population) while Malaysia's at 0.91 per cent...we have to decide on who to allow (in).

"Not everyone in Singapore (will be) allowed in, it is a big no to the working group of foreign workers in the country. Perhaps Singaporeans and expats living there for more than six months, they can come in," he said at a webinar held by EU-Malaysia Chamber of Commerce and Industry titled 'Malaysia: Responding to the COVID-19 pandemic', today.

He said Malaysia and Singapore also need to look into the situations of both countries, and "if conducive for both, then we can do it”.

Moreover, Dr Noor Hisham said discussions with countries like Singapore, Brunei, Australia and New Zealand are still ongoing.

"If one country (is categorised as) red zone, one country (is a) green zone, it is difficult for the green zone to accept tourists from the red zone. We need to look at the situation from time to time. We do in stages for businesses, for example, where you can come in and apply, then we can allow.

"But in terms of mass tourism, we have not allowed, but business ventures are allowed.. we'll quarantine you. There is a risk involved in cross border, both countries need to refine the SOPs before implementing it," he said.

Referring to data on the number of tests per 1,000 population sourced from Our World in Data University of Oxford as of Aug 3, it is stated that Malaysia conducted 30.25 tests with a 0.91 percent positive rate; followed by South Korea 30.47 tests (0.9 percent positive rate); Japan 8.63 tests (4.3 percent); Thailand 5.43 tests (0.90 per cent); Singapore 105.35 tests (8.2 per cent); New Zealand 97.91 tests (0.3 per cent); Canada 109.78 tests (2.8 per cent); and Australia 170.45 (0.4 per cent).

"Malaysia, South Korea and Thailand have a 0.9 percent positive rate, which means it is well-contained in these three countries, but not in Singapore because yesterday it had 256 cases. So, it means they have to increase their testings.

"Look at New Zealand's 97.91 tests (per 1,000 population), they are very good because their positive rate is only 0.3 percent. Canada, for example, is doing a lot of tests but its positive rate is at 2.8 percent,” he said.

Meanwhile, he said there were plenty of lessons to be learned from all the countries on how to deal with the pandemic, adding that Malaysia had, thus far, been blessed to be able to wade through these past few turbulent months without any catastrophic effects to the nation's health and economy.

“These are all possible due to the strong leadership and confidence of the people towards science and facts, not rumours and fears,” he said.

Also present at the webinar were EuroCham Malaysia deputy chairman Luciano Pezzota and chief executive officer Sven Schneider.

Posted by Good123 > 2020-08-06 07:32 | Report Abuse

Not a great start but downside risk narrowing, in our view
1Q20 core net loss was below our expectations. We slash our FY20E and FY21E estimates to reflect core net losses and nil dividends. That said, we take heart that AAGB has resumed flights in five of six countries that it operates in and fares are rising. We cut our TP to MYR0.92 on 1.4x FY21E P/BV (post-2013 12M forward P/BV mean) from MYR1.56 on 8x FY20E PER. With 3% upside potential, we upgrade AAGB to HOLD from SELL. With this report, we transfer coverage to Shao Yang.
source: maybank

Posted by Good123 > 2020-08-06 07:34 | Report Abuse

look at QR for Q2, tengok cukup tunai untuk bertahan dulu

Posted by Good123 > 2020-08-06 07:49 | Report Abuse

Aug 6): Asian stocks looked set for a mixed start after three days of gains, while U.S. equities climbed amid encouraging news on the vaccine front and speculation over progress on a stimulus package. The dollar weakened against all major peers.

Futures dipped in Japan, were flat in Hong Kong and rose in Australia. S

Posted by sampooler > 2020-08-06 08:16 | Report Abuse

Rich dad Robert is bankruptcy..is that mean his followers invest in property heavily also bankrupt. The key word is where you buy your property!!

Posted by Good123 > 2020-08-06 09:12 | Report Abuse

private placement to co-founders or investors could boost the price

Posted by lamching > 2020-08-06 09:47 | Report Abuse

Airasia, when u can start to fly..

Posted by lamching > 2020-08-06 09:47 | Report Abuse

Thanks info sharing for Good123

Posted by strattegist > 2020-08-06 10:32 |

Post removed.Why?

Posted by Good123 > 2020-08-06 10:33 | Report Abuse

good news with spore otw could boost the share price suddenly.



Low demand: A row of empty seats are seen onboard an SIA flight to Singapore from Jakarta International Airport. Singapore’s travel-related sectors are grappling with what could be the city-state’s worst recession wrought by the coronavirus pandemic. — AFP

SINGAPORE: Singapore is seeking to open the door to a wider range of business and leisure visitors to boost its hard-hit tourism sector, with the return of mass travel still a long way off amid the pandemic, according to the head of the country’s tourism agency.

The industry expected more job losses in the coming months once existing government support for rent, taxes and salaries starts tapering off, Keith Tan, chief executive officer of the Singapore Tourism Board said in an interview with Bloomberg Television. Job losses so far in the sector have been in the “very low thousands,” he said.

“Whether it is a broader range of business visitors or, for example, small groups of tightly controlled leisure visitors, all these are being considered and are on the table,” said Tan. He added the tourism board is discussing with the government to expand green lane arrangements, now in place with Malaysia and China, to a broader range of visitors.

Singapore’s travel-related sectors, which contribute about 4% of its gross domestic product, is grappling with what could be the city-state’s worst recession wrought by the coronavirus pandemic. Retail sales plunged by more than 50% in May from a year earlier, with outlets trying to woo tourists in areas like the Orchard Road shopping strip particularly hard-hit.

The country’s borders remain largely shut to external arrivals. Visits in June reached 2,200, down from 1.6 million in the same month last year. The green lane travel arrangements currently only allow for business and official travel, subject to testing.

The government has launched a domestic travel campaign to support the industry, though local demand wouldn’t fill the hole left by the absence of international visitors, Tan said. These travellers contributed to almost S$28bil (US$20.4bil) in tourism receipts last year.

“It will be a long while more before mass travel can resume and that ultimately stems from consumer confidence,” said the tourism chief, who added a vaccine or effective therapies are needed to combat the “fear and anxiety” many people have, even about stepping onto an airplane.

Worldwide, the industry is expected to lose US$3.3 trillion if the collapse of global leisure travel persists until March, according to the United Nations Conference on Trade and Development last month. — Bloomberg

Posted by Good123 > 2020-08-06 10:35 | Report Abuse

spore n msia , green bubble or flights could become a reality to boost tourism industry of both countries

Posted by Good123 > 2020-08-06 10:35 | Report Abuse

investors r waiting probably

Posted by Good123 > 2020-08-06 10:38 | Report Abuse

AirAsia (Neutral, TP: RM0.78): Plans to resume MalaysiaSingapore flights in mid-Aug. AirAsia Group is gearing up to resume flights between Malaysia and Singapore, including the Kuala Lumpur-Singapore route that is touted as the world's busiest, in the week of Aug 17, following both countries' decision to implement the Reciprocal Green Lane (RGL). This will be followed by other international destinations, subject to approvals from authorities, AirAsia said. (The Edge)

Posted by Good123 > 2020-08-06 10:39 | Report Abuse

if approved, surge to 60 or 70sen suddenly, wait n see.

Posted by Good123 > 2020-08-06 10:41 | Report Abuse

KUALA LUMPUR (Aug 3): AirAsia Group Bhd is gearing up to resume flights between Malaysia and Singapore — including the Kuala Lumpur-Singapore route that is touted as the world's busiest — in the week of Aug 17, following both countries' decision to implement the Reciprocal Green Lane (RGL).

This will be followed by other international destinations, subject to approvals from authorities, AirAsia said in a statement today.

To start with, AirAsia will launch daily flights between Kuala Lumpur and Singapore and one weekly flight each between Singapore and Penang, Kota Kinabalu, Kuching, Ipoh.

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"These flights are scheduled for the week of Aug 17, 2020, subject to further announcements by the governments," AirAsia said, adding flights are available for booking on its website and mobile app.

Posted by Good123 > 2020-08-06 10:42 | Report Abuse

spore is expensive and small. they will visit msia for leisure if allowed. low covid case n cheap

Posted by sampooler > 2020-08-06 10:46 | Report Abuse

The signal is reverse.... from -ve to +ve.

Posted by updownleftright > 2020-08-06 10:50 | Report Abuse

downside risk >>> upside gains

Posted by Good123 > 2020-08-06 10:51 | Report Abuse

wait till the decision msia-sia flights announced probably

Posted by Good123 > 2020-08-06 10:53 | Report Abuse

maube, AA wants to spin off via IPO or sell BigPay which had voiced out to apply for the digital banking license

Posted by Good123 > 2020-08-06 10:54 | Report Abuse

possible for Tony to sell tune protect stake plus BigPay fintech company, tech stock is hot like gloves

Posted by Good123 > 2020-08-06 10:56 | Report Abuse

don't write off AA too early. big data fintech company, able to raise fund punya. patient

Posted by Good123 > 2020-08-06 10:56 | Report Abuse

4me, wait for spore-msia flights dulu. no hurry to lari

Posted by Good123 > 2020-08-06 10:58 | Report Abuse

EPF Masih Ada sedikit syer AA walaupun bukan substantial shareholder lagi. steady lah

Posted by strattegist > 2020-08-06 10:59 | Report Abuse

red

Posted by Good123 > 2020-08-06 11:01 | Report Abuse

BigPay fintech digital banking license otw could be used to entice investors for private placement, etc

Posted by Good123 > 2020-08-06 11:02 | Report Abuse

AA, is a high beta , could go down to current price fast, could also rebound quickly. wait n see

Posted by Good123 > 2020-08-06 11:14 | Report Abuse

msia n spore r desperate for economic growth. probably good news for the inter-country flights

Posted by Good123 > 2020-08-06 11:15 | Report Abuse

different people see different things, analysts pun Berbeda 40sen to 90sen bagi target price

Posted by maimunah > 2020-08-06 11:15 | Report Abuse

Six companies trigger PN17/GN3 criteria
Six companies, which accounted for 0.67 per cent of the total listed companies on Bursa Malaysia, have triggered the suspended criteria of PN17 and GN3 as at July 28, 2020.
That consisted of five Main Market listed companies and one ACE Market listed company, respectively, according to Bursa Malaysia.
"Apart from AirAsia Group Bhd, four other Main Market companies that have triggered the suspended criteria of PN17 as at April 17, 2020 were, namely Gets Global Bhd, Ikhmas Jaya Group Bhd, Khee San Bhd, and Cymao Holdings Bhd, while Bahvest Resources Bhd has triggered the suspended criteria of GN3," it said.
However, Bursa Malaysia said these companies would not be classified as PN17/GN3 companies, and would not be required to comply with the obligations under the paragraph/Rule 8.04 and PN17 or GN3 of the listing requirements for 12 months, following the relief measures announced by the exchange on April 16, 2020.
To record, Bursa Malaysia said 23 companies had been classified under PN17 and three companies under GN3 as at July 28, 2020, representing 2.89 per cent of the total companies listed on the local exchange during the period.

Posted by Good123 > 2020-08-06 11:16 | Report Abuse

biz model potential, bukan tengok fin statements saja

Posted by sampooler > 2020-08-06 11:33 | Report Abuse

AA go bankrupt not easy... before it take this step.. it will retench at least 30% headcount to secure the airline biz.. so your want this to happen?

2 cents

Posted by strattegist > 2020-08-06 11:48 | Report Abuse

red

Posted by Good123 > 2020-08-06 11:56 | Report Abuse

KUALA LUMPUR (Aug 6): Financial support packages such as loans with easier terms to AirAsia will not only provide the budget airline with operating funds but also create a high multiplier effect to boost and revive Malaysia’s economy, Utusan Online reported today quoting AirAsia X Bhd chairman Tan Sri Rafidah Aziz.

Rafidah was quoted as saying AirAsia is negotiating for bank loans with low interest rates and longer tenures.

More to come

Posted by Stock Wizard (know yourself) > 2020-08-06 12:29 | Report Abuse

faster sell to me at 0.5, i am waiting there for too long , dont just talk but take action and sell thank you ~

Posted by Jeffreyteck > 2020-08-06 12:45 | Report Abuse

AirAsia flights to have multiplier effect on Malaysia economy — Rafidah ... haha, everyone know, so?

Posted by SinGor > 2020-08-06 12:49 | Report Abuse

Now even Rafidah is trembling with fear. The worst is coming.

Posted by pharker > 2020-08-06 12:56 | Report Abuse

Actually I am looking for a stock to buy fitting the criteria :-

1. Worst impact by covid 19...almost go bankrupt but did not, too big to fail, hence share price hit rock bottom during pandemic, almost died but hang on
2. Once vaccine developed, just a matter of time given the huge resources poured in and the enormous market potential and profit given the extent of this pandemic, the stock will rebound like crazy

1 and 2 meaning a very sharp V-shaped recovery stock, for max bagger gain

The one famous classic example is Citigroup during the housing bubble crisis..almost went bankrupt and my uncle bought it at ridiculous USD 0.40 and when rebounded, he enjoyed an early retirement from his mundane 9 to 5 job.

May be I found one today, not as fierce as Citigroup, but maybe a good smaller scale proxy to its story.

Posted by CUTLOST > 2020-08-06 13:07 | Report Abuse

Flight sudah mau jalan.. Plz tighten ur seat belt..enjoy the the ride, We will fly everybody who book the ticket early

Posted by greedy44444 > 2020-08-06 13:48 | Report Abuse

CGS-CIMB going to close shop soon after failed miserably on their prediction on AAX. Those who think AAX and Airasia will close shop sooner than CGS-CIMB are too dumb to believe them. Let's see who close shop first.

Posted by greedy44444 > 2020-08-06 13:54 | Report Abuse

CGS-CIMB are in big trouble soon... millions of lawsuit by AAX investors waiting for them for their untrue report about AAX share prices.

Posted by sampooler > 2020-08-06 14:08 | Report Abuse

I already said signal is reverse, buy or sell is up to your....

sampooler The signal is reverse.... from -ve to +ve.
06/08/2020 10:46 AM

Posted by Good123 > 2020-08-06 14:21 | Report Abuse

share is going surge Ka? rafidah Aziz Dah bagi tau pasal pinjaman

Posted by Good123 > 2020-08-06 14:22 | Report Abuse

penerbangan antara msia Dan spore pun Akan dibenarkan soon, this month, bukan?

Posted by Good123 > 2020-08-06 14:23 | Report Abuse

AA started news again, sentiment driven market now. expecting share price to surge

Posted by greedy44444 > 2020-08-06 14:23 | Report Abuse

I'm on the same mission too

pharker Actually I am looking for a stock to buy fitting the criteria :-

1. Worst impact by covid 19...almost go bankrupt but did not, too big to fail, hence share price hit rock bottom during pandemic, almost died but hang on
2. Once vaccine developed, just a matter of time given the huge resources poured in and the enormous market potential and profit given the extent of this pandemic, the stock will rebound like crazy

1 and 2 meaning a very sharp V-shaped recovery stock, for max bagger gain

The one famous classic example is Citigroup during the housing bubble crisis..almost went bankrupt and my uncle bought it at ridiculous USD 0.40 and when rebounded, he enjoyed an early retirement from his mundane 9 to 5 job.

May be I found one today, not as fierce as Citigroup, but maybe a good smaller scale proxy to its story.

Posted by Good123 > 2020-08-06 14:25 | Report Abuse

AA pandai dengan cerita, enjin Dah semakin panas

Posted by Jeffreyteck > 2020-08-06 14:27 | Report Abuse

Rafidah belongs to which gang?