Posted by foreign_fund > 2020-08-26 10:16 | Report Abuse

You very noob cannot read QR? Still think good QR?

Newbn00b This bad QR still cannot bring down the price. Those want to buy at 0.5 and below can only keep dreaming
26/08/2020 10:07 AM

Posted by foreign_fund > 2020-08-26 10:23 | Report Abuse

If vaccine cannot be found soon, AA will go bankrupt sooner or later.

Posted by foreign_fund > 2020-08-26 10:25 | Report Abuse

TF can trust? What happen to his AA "best ever year" and "AA profitable soon"?

Posted by foreign_fund > 2020-08-26 10:33 | Report Abuse

Pls be honest. How many staffs cut by AA so far?

Posted by tkl88 > 2020-08-26 10:37 | Report Abuse

Wow, Amazing,
Now airasia already at=> 0.700 (-0.005) (-0.7 %) !

Posted by foreign_fund > 2020-08-26 10:38 | Report Abuse

AA 22,000 staffs true or not? 1 person avg salary say RM 10K, 1 month salary must spend RM 220 million. Ticket sales 3 months >RM 100 million how to cover?

Posted by Johnlee85 > 2020-08-26 10:39 | Report Abuse

Lossess smaller than expected, based on analysts forecast

Posted by foreign_fund > 2020-08-26 10:40 | Report Abuse

How abt aircrafts lease expenses? Airport rental?

Posted by xuxu > 2020-08-26 10:41 | Report Abuse

really amazing, QR like PN17 company but only down 0.01 cts.

Posted by foreign_fund > 2020-08-26 10:42 | Report Abuse

Ismail Sabri not your PM but very powerful to catch people. Everyday sure got people got caught you still dare to travel oversea or oversea tourists dare come here?

Posted by foreign_fund > 2020-08-26 10:44 | Report Abuse

AirAsia 1H net loss exceeds estimates, Maybank IB Research says
https://www.thestar.com.my/business/business-news/2020/08/26/airasia-1h-net-loss-exceeds-estimates-maybank-ib-research-says

Posted by Newbn00b > 2020-08-26 10:45 | Report Abuse

Those who cry bankrupt wanna collect cheap tickets, when they can't then become hormone imbalance. It can't be help unless take hormone pill to balance it up

Posted by strattegist > 2020-08-26 10:52 | Report Abuse

red

Posted by foreign_fund > 2020-08-26 10:54 | Report Abuse

Another dishonest i3 member like others.

Johnlee85 Lossess smaller than expected, based on analysts forecast
26/08/2020 10:39 AM

Posted by tkl88 > 2020-08-26 10:56 | Report Abuse

Finally, the so-called bad QR of Airasia already out !

Quarterly rpt on consolidated results for the financial period ended 30 Jun 2020
AIRASIA GROUP BERHAD
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3080886
SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020
Revenue 118,964,000
Profit/(loss) before tax -1,212,106,000 (Loss about -121 million ringgit nia)
Profit/(loss) for the period -1,159,465,000

Posted by tkl88 > 2020-08-26 11:00 | Report Abuse

Just loss about -121 million ringgit nia , the lossess really smaller than expected, based on analysts forecast and all this already reflected into the current Airasia record lowest price...

Time for the price to spike up till sky high from today onward for Airasia !

Huat ah ! Heng ah ! Ong ah !

Posted by smallkid91 > 2020-08-26 11:00 | Report Abuse

@foreign_fund there's no shortselling so no stress for them :p

mostly retailers here swing trade for those 3-5% la... Fundamentals dont apply to them.

But definitely a long road to service the debts even if it returns to profitability...

Posted by Newbn00b > 2020-08-26 11:08 | Report Abuse

You need to look at the big picture. Survivability is the top priority for AA now. after 2 years, how many airlines can still survive? For those can survive, they need to service their loan like AA. Don't expect them to give cheap air tickets. AA will return profitable. The next wait is for US and Europe to announce their covid vaccine news. AA will fly high again.

Posted by bahai4453 > 2020-08-26 11:17 | Report Abuse

India seem not a good country for foreign investors ? Some of the big players from China, Singapore and Malaysia are either get stuck up or having a lot of troubles with the Indian side. May be eating too much coconut can not win in this country, lol...

EatCoconutCanWin ;
India - totally helplessountry for foreign invest
thailand - still waiting list for loan approval

Posted by tkl88 > 2020-08-26 11:20 | Report Abuse

Bad things is all over, coming onwards is the good times for Airasia !
I believe i can fly !

Huat ah ! Heng ah ! Ong ah !

Posted by sampooler > 2020-08-26 11:22 | Report Abuse

AA is very rich, i think just because it invest a lot in ecommerce & venture in the past 2 years. due to the biz model, they are many rich ppl is collecting & hope to own this firm.

Posted by tkl88 > 2020-08-26 11:23 | Report Abuse

yes, we should collect more in order we can be a part of the owner of this multi-national company !

Posted by DannyArcher > 2020-08-26 11:26 | Report Abuse

Rights issue possible.... run my friend, run while you can.

https://www.theedgemarkets.com/article/cgscimb-rights-issue-airasia-very-likely-saw-rm956m-operating-cash-outflow-1h20

Posted by strattegist > 2020-08-26 11:37 | Report Abuse

still red

Posted by Ryan83 > 2020-08-26 11:38 | Report Abuse

CGS CIMB - 4 billions rights shares at 35sen to raise RM1.4billions cash before end of this year

Posted by sell > 2020-08-26 11:39 | Report Abuse

0.15 TP.

Posted by sell > 2020-08-26 11:41 | Report Abuse

CGS-CIMB: Rights issue at AirAsia very likely, which saw RM956m operating cash outflow in 1H
Joyce Goh
/
theedgemarkets.com

August 26, 2020 11:09 am +08


-A+A
KUALA LUMPUR (Aug 26): A rights issue by AirAsia Group Bhd, which is very likely to happen, could see the airline operator issuing four billion new shares at 35 sen apiece to raise RM1.4 billion in new equity this year, CGS CIMB Research’s model assumed.

Its analyst Raymond Yap added that the equity issue may spill over into FY21F.

“AirAsia saw an operating cash outflow of RM956 million during 1H20, in addition to RM773 million in principal and interest repayments on its lease liabilities. As a result, AirAsia saw its cash balance decline by RM1.6 billion over the first six months of the year, to RM996 million (decline of RM1 billion in 1Q20, followed by a further RM0.6 billion drop in 2Q20),” he noted.

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“The drop in the cash balance slowed in 2Q20 because AirAsia stopped payments of virtually all of its lease liabilities during the 2Q20 and also implemented substantive cost cuts. The cash burn should slow even more in 3Q20 as AAGB worked to restructure the majority of its excess fuel hedges and also restarted domestic flights in Malaysia when interstate travel was permitted from 10 June,” Yap added.

He noted that with regional travel off the table until FY21F at least, especially considering the high level of infections prevailing in Indonesia, Philippines and India, AirAsia admitted that it may need to raise up to RM2.5 billion in new capital, which he believes is on the assumption that its aircraft lessors continue to agree to some level of lease payment postponements, without which the amount of capital needed may be even higher.

The local research house pointed out that potential derating catalysts for the stock include slower-than-expected recovery in domestic travel demand due to the shortening of the year-end school holidays in Malaysia from six weeks to only two weeks and weaker-than-expected recovery in international travel demand due to sustained Covid-19 border closures and/or the reluctance of passengers to travel on longer-distance flights.

“Another potential derating catalyst is a dilutive equity issue sometime in the foreseeable future. Downside risks include potentially higher-than-expected jet fuel prices should the OPEC+ production cuts continue for an extended duration; we have pencilled in Brent crude oil price assumptions of US$41/bbl and US$49/bbl for FY20F and FY21F, respectively, and jet fuel price assumptions of US$43/bbl and US$51/bbl for those same years. Brent is currently trading at US$45/bbl, with the jet fuel spot price at US$44/bbl, both above our full-year averages,” it said.

“Upside risks include a potential discovery of a Covid-19 vaccine, which may help restore confidence in air travel. A stronger-than-expected ringgit exchange rate vs. the US$ is another upside risk; we have used an average rate of RM4.20:US$1 but the ringgit is currently trading at RM4.18. Approximately 70% of AAGB’s pretax cash costs are denominated in US$,” it added.

Following its record quarterly net loss of RM803.55 million in the first quarter ended March 31, 2020, AirAsia sank further into the red with a net loss of RM992.89 million in its second quarter ended June 30.

For the six months ended June 30, 2020, AirAsia registered a net loss of RM1.8 billion versus a net profit of RM111.8 million a year earlier while revenue dropped 57% to RM2.43 billion from RM5.65 billion.

CGS CIMB Research reiterated its reduce call for the stock and lowered its target price to 15 sen from 58 sen.

AirAsia’s stock is currently trading at 69 sen, down 2.84%.

Read also:
AirAsia's net loss widens to RM993m in 2Q as full Covid-19 impact hits

Edited by Lam Jian Wyn

Posted by tkl88 > 2020-08-26 11:41 | Report Abuse

Right Issue quickly out lar...
It's good for us as a long term investors...
i wanted to sell house sell car sell all my belongings to subscribe all the RI at 0.50

This is the golden opportunity once in a lifetime for you to buy Airasia shares at
only 0.05 nia !

Friend, still wating for what?
You should buy as much as possible Airasia shares now in order you can
subsribe the cheap sale right issue !
if you don't own any Airasia shares, how you gonna entitle to buy the Right Issues ?

Right or not ?

Posted by Up_again > 2020-08-26 11:45 | Report Abuse

Why need to buy mother shares to subscribe??? When the OR is traded can buy at open market

Posted by jibbie > 2020-08-26 11:50 | Report Abuse

Very bad quarter. Gone case

Posted by tkl88 > 2020-08-26 11:51 | Report Abuse

Nobody will sell to you lar the OR,
So the OR will be expensive when the time listed...
So, it's good time to buy at current record lowest price for mother shares...

I can forsee Airasia's price will break RM2.00 then only the RI only will out...
So, that all the owner of AA mother shares will be laugh to the banks
by just spend 0.50 nia to grab all the RI and then can sell it at RM2.00 in the market...

Huat ah ! Heng ah ! Ong ah !

Posted by newbie4444 > 2020-08-26 11:54 | Report Abuse

RI no news or delay not more worse? Bank loans if borrow how to settle if no more cash?

Posted by newbie4444 > 2020-08-26 11:57 | Report Abuse

AA next MAS in making?

Posted by Up_again > 2020-08-26 11:57 | Report Abuse

If Cimb gets it right, a rights at 0.35 would mean doubling at minimum the total shares of AirAsia
I mean they wanna raise rm3b so that’s a lot of shares. Raising 500 mil to 1 b is a waste of time as they’ll take just 1 quarter to burn it.

Pretty confident most of us can get the OR no worries

Posted by newbie4444 > 2020-08-26 11:58 | Report Abuse

New budget airline can setup like AA 15-20 years ago?

Posted by AllYouCanBuy > 2020-08-26 11:59 | Report Abuse

https://www.flightglobal.com/airlines/airasia-to-focus-on-domestic-recovery-amid-widened-q2-loss/139897.article

Posted by AllYouCanBuy > 2020-08-26 12:00 | Report Abuse

Those of you who talk a lot on buying at 5 sen and right issues are just watchers. Keep watching and ready more popcorn!

Posted by newbie4444 > 2020-08-26 12:02 | Report Abuse

You dare come out from house if fine RM 10K for not wearing mask?

AllYouCanBuy https://www.flightglobal.com/airlines/airasia-to-focus-on-domestic-rec...
26/08/2020 11:59 AM

Posted by newbie4444 > 2020-08-26 12:03 | Report Abuse

Revised RM10,000 fine proposed
https://www.thestar.com.my/news/nation/2020/08/26/revised-rm10000-fine-proposed

Posted by newbie4444 > 2020-08-26 12:03 | Report Abuse

I newbie pls answer me back if you are honest.

Posted by newbie4444 > 2020-08-26 12:04 | Report Abuse

Can we fly by AA if stay at home?

Posted by strattegist > 2020-08-26 12:06 | Report Abuse

still red

Posted by tkl88 > 2020-08-26 12:10 | Report Abuse

The worst is all over ...
Tommorrow will be super green !

Huat ah ! Heng ah ! Ong ah !

Posted by EatCoconutCanWin > 2020-08-26 12:11 | Report Abuse

Tony proposed bonus issue 1:0

Posted by newbie5354_ > 2020-08-26 12:31 | Report Abuse

Heng ong huat meaning sure up? Why down 2 sen?

tkl88 The worst is all over ...
Tommorrow will be super green !

Huat ah ! Heng ah ! Ong ah !
26/08/2020 12:10 PM

Posted by newbie5354_ > 2020-08-26 12:32 | Report Abuse

CI down meaning banks borrow AA also in trouble after latest QR?

Posted by tkl88 > 2020-08-26 12:41 | Report Abuse

Since most of the routes already opened up...
Next QR will be super green green !
When the time next QR announced that day,
The AA share price probably will be around
RM1.50 ~ RM2.00

Huat ah ! Heng ah ! Ong ah !

Posted by FlyAway > 2020-08-26 12:43 | Report Abuse

I strongly believe AA can fly high soon and believeTF decision in future view.

Posted by FlyAway > 2020-08-26 12:45 | Report Abuse

Good news is coming along the way. Must be patient.

Posted by TunPika > 2020-08-26 12:47 | Report Abuse

Yes, everybody can fly