Posted by Fundamentalist91 > 2020-08-26 12:56 | Report Abuse

Wow, I know it was going to be a bad quarter, but from the average of 2.500-3000 Million revenue down to 118 Million revenue, that is really a huge blow. 95% drop!

Expenses for AirAsia even after cutting cost stands at 800-1000 Million.

So if the next quarter if AA can't come out with at least 1.5B revenue, I don't think its going to be green.

And by the looks of it, as long as all international borders are closed, especially in the Asia region, there's no way for AA to break-even, or reach 1.5B revenue

No help is coming at all, if banks, government and whales are to help, they first wanna see AA lick their shoes first, right now they don't think AA is offering any good deals for them yet, and they know AA will not recover any time sooner, especially not in 2020 or 2021.

I'm going to place a lower order for AA before holding any, maybe below 0.40 cent. Those who are in green or minimal loss right now, I advise you to cut loss while you can.

Posted by SpeedNpower > 2020-08-26 13:06 | Report Abuse

Those saying it will fly just green must be trapped at high price. Next 4 qr will be negative. CGScimb set tp 15 Sen. Just wait. Not worth looking at this counter. Who knows later close shop can't service loan huhuhu to zero lor

Posted by FlyAway > 2020-08-26 13:10 | Report Abuse

Hold tight on AA if you trust and believe they will do well in future years.

No point to cut loss since you already loss. If the price drop again you also can average down the price. I believe AA always have alot of supporters.

Just must be patient and take time to wait the price grow up with their great future of AA.

AA fighting~

Posted by humbleisland > 2020-08-26 13:11 | Report Abuse

If AA needs RM2.5b in total -> RM1b from banks and RM500m from private placement, that will leave about RM1b to be raised via RI.

Assuming the news on securing the loan and successfully completing the private placement is released before RI is announced, price will likely move up to RM0.80 (at the very least).

AA has 3.342b outstanding shares. Assuming RI needs to raise RM1b and is priced at RM0.80/share, that means RI could be on the basis of 2 for 5 shares.

Posted by Bloodslug666 > 2020-08-26 13:13 | Report Abuse

The only affordable airline in malaysia that bring us to many places very cheaply... Should be a brand that we are proud of..

Posted by Panorama1 > 2020-08-26 13:14 | Report Abuse

Seriously ? CGS CIMB gave a revised TP of 0.15 :-|

Posted by strattegist > 2020-08-26 13:42 | Report Abuse

half day red

Posted by FlyAway > 2020-08-26 14:04 | Report Abuse

Someone need to buy cheap then ask ppl to sell it.

Posted by FlyAway > 2020-08-26 14:06 | 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

Agreed~

Posted by tkl88 > 2020-08-26 14:07 | Report Abuse

Faster faster announce when is the right issue lah,
I can’t wait to subscribe all the right issue already...
I also will apply to subscribe the excess shares,
I hope that except from the RI shares, I manage to buy more extra shares from the excess share’s application!

Huat ah ! Heng ah ! Ong ah !

Posted by JustAPasserby > 2020-08-26 14:07 | Report Abuse

The worst is over, but doesn't mean the sun is rising.

Anyone here dare to go vacation yet?

Posted by FlyAway > 2020-08-26 14:12 | Report Abuse

Ya. I think have alot ppl wan to go travelling once vaccine is out.

Posted by FlyAway > 2020-08-26 14:16 | Report Abuse

Nothing scare if AA got right issue, I will apply for the excess shares also.
AA will stay strong ahead.

Posted by Enemiemannan > 2020-08-26 14:19 | Report Abuse

will support AA..worst is over, now should be the botton price already

Posted by WannabeTrader > 2020-08-26 14:31 | Report Abuse

HLIB Research

https://www.hlib.hongleong.com.my/Published/Download.ashx?ArticleId=15670&mode=view

Posted by FlyAway > 2020-08-26 14:31 | Report Abuse

Yeah. Same thinking.. Recently AA also have some good news.. ''AA partnership with Agoda was part of its group-wide strategy to revitalise travel as it anticipated the reopening of borders in South-East Asia in the near future'' said by TF

Posted by FlyAway > 2020-08-26 14:32 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/08/25/airasiacom-agoda-announce-strategic-tie-up

Posted by strattegist > 2020-08-26 14:49 | Report Abuse

red

Posted by EatCoconutCanWin > 2020-08-26 14:57 | Report Abuse

CGS CIMB TP RM0.15 .hahaha..

Posted by HamsterHuat > 2020-08-26 15:10 | Report Abuse

red red...sell sell..
AA is dead

Posted by AllYouCanBuy > 2020-08-26 15:45 | Report Abuse

0.695... Very steady!

Posted by Bloodslug666 > 2020-08-26 16:25 | Report Abuse

Ktb bus guna angkat vaccine, airasia guna angkat vaccine dari luar negara? Limit up for this counter soon

Posted by Cheok Yew Sam > 2020-08-26 16:29 | Report Abuse

only delusional sellin it

Posted by SunkCostFallacy > 2020-08-26 16:34 | Report Abuse

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

Not sure why so many people is confident the share price will go up so soon. CiMB TP 0.15

Posted by Skyyahoo > 2020-08-26 16:40 | Report Abuse

U turn to up

Posted by Skyyahoo > 2020-08-26 16:40 | Report Abuse

Add oil

Posted by marklks5 > 2020-08-26 16:52 | Report Abuse

Mayday mayday, we lost both engines

Posted by Bearrabbit > 2020-08-26 16:56 | Report Abuse

https://finance.yahoo.com/quote/5099.KL/

Posted by AllYouCanBuy > 2020-08-26 17:04 | Report Abuse

Closed 0.680.. Yes!

Posted by sampooler > 2020-08-26 17:07 | Report Abuse

Haha.. not bad.. very very stable

Posted by strattegist > 2020-08-26 17:14 | Report Abuse

closed red

Posted by tkl88 > 2020-08-26 17:20 | Report Abuse

Aiyo strattegist, after all the bad things already over,
tomorrow onwards will be super green green like glove counters lor !

Huat ah ! Heng ah ! Ong ah !

Posted by tkl88 > 2020-08-26 17:21 | Report Abuse

Tomorrow sure will at least spike up 10 to 20 cents !

Huat ah ! Heng ah ! Ong ah !

Posted by investortrader88 > 2020-08-26 18:19 | Report Abuse

good closing today !

Posted by buffet3333 > 2020-08-26 18:36 | Report Abuse

Disaster !!!
Latest Price Target till end of 2020 !!!

0.40 MIDF
0.38 KENANGA
0.46 HLG
0.44 AmInvest
0.15 CGS CIMB

Runaway before start of mass selling by institutions and bankers !!!

Posted by Jeffreyteck > 2020-08-26 18:36 | Report Abuse

Round 1 26 Aug: Analysts vs Retail Investors.
Retail is temporarily leading as the counter remains quite supportive. Dropped 2.5 sen to close at 68.0 sen.

Posted by Ryan83 > 2020-08-26 18:56 | Report Abuse

Airasia has 14% shareholding in Airasia X.Airasia X posts RM305milion loss and negative RM960million shareholder equity.Net asset per share drops further to negative 23sen

Posted by theidiotone > 2020-08-26 19:23 | Report Abuse

today opening and closing 0.68, lets see how does it open tmw?

Posted by theidiotone > 2020-08-26 19:24 | Report Abuse

didnt manage to collect at lower end of 0.60 level.. never mind. i will just wait.. either buy cheap or never

Posted by HamsterHuat > 2020-08-26 19:37 | Report Abuse

OMG...CIMB TP 15cents..
AA surely declare bangkrup lo...
Still got Sep..Oct..Nov.
Dec.....Sure another Humogous losses...

Posted by limkokthye > 2020-08-26 19:39 | Report Abuse

1billion cash burn for 3months, how many billions u have?

Posted by Good123 > 2020-08-26 19:50 | Report Abuse

betul? Air Asia widen its losses thus needs way to narrow the losses.

Effective Sept 1, RM20 will be charged for the Counter Check-in Fee.

Posted by Good123 > 2020-08-26 20:35 | Report Abuse

macam Genting HK :) KUALA LUMPUR (Aug 26): AirAsia X Bhd's (AAX) net loss for the second quarter ended June 30, 2020 (2QFY20) widened to RM305.24 million, 47.4% more than the RM207.11 million it recorded a year ago as the airline bore the full brunt of travel restrictions implemented to curb the Covid-19 pandemic.

AAX sees more turbulence ahead due to uncertainties surrounding the lifting of travel restrictions, which have grounded most of its aircraft fleet.

The low-cost carrier revealed that its severe liquidity constraints persisted. "In the short term the company will need to seek agreement with major creditors to restructure outstanding liabilities, which have accrued during the period since the start of the Covid-19 pandemic, in order to continue as a going concern," AAX said in its quarterly financial result announcement.

Meanwhile, the carrier continues to seek payment deferrals and concessions from its suppliers, lessors and lenders. "Further payroll reductions will be implemented in the next month to reflect the significantly lower level of operations both at the current time, and also when the company is able to start operating again," it added.

However, the quarter's performance was an improvement over the preceding quarter's in which the long-haul low-cost carrier posted its largest-ever net loss of RM549.7 million due to large foreign exchange losses and losses from the hedges against higher crude oil prices.

Quarterly revenue shrank to barely RM91.44 million compared with the RM1.01 billion reported a year ago as AAX operated only 16 scheduled flights throughout the three months versus 4,824 a year ago.

Its total cash balance contracted almost 30% to RM252.04 million from RM357.96 million at the end of last year. Deducting pledged deposits, its cash pile stood at RM211.94 million, a drop from RM307.85 million previously.

The airline's current liabilities ballooned by nearly 31% to RM3.38 billion from RM2.58 billion as at end-2019. The spike in its current liabilities was mainly attributed to trade and other payables, which rose to RM1.31 billion from RM823.81 million.

"AAX will not be able to restart scheduled operations until international borders reopen and, in recognition of the current degree of uncertainty and the timing of the lifting of restrictions, the company has stopped selling tickets for future travel dates," said the carrier.

Shares in AAX closed unchanged at 6.5 sen today, giving the airline a market capitalisation of RM269.63 million. Year-to-date, the counter has plummeted by more than half from 15.5 sen.

Edited by Kathy Fong

Posted by wongchin > 2020-08-26 20:57 | Report Abuse

My guess it will drop bits by daily as shark wont let it drop sharply. Buyer careful dt sleep with airasia. U wake up father cant recognise u.

Posted by foongkitmun > 2020-08-26 21:09 | Report Abuse

AA does nothing wrong...that was pandemic and the group really unprepared for it..as an investor, 50 sen will be reasonable to enter..foresee the same result for the next quarter....

Posted by DChosen2 > 2020-08-26 21:15 | Report Abuse

Even PB's revised its TP to 50C from previous 70C high...

Posted by Loh Kok Wai W > 2020-08-26 21:24 | Report Abuse

TP...0.20...

Posted by theidiotone > 2020-08-26 21:42 | Report Abuse

lets see how tmw, maybe i could see 0.50 very soon?

Posted by abang_misai > 2020-08-26 21:44 | Report Abuse

Warren Buffett already sold all airlines. Apa mau mampos kah kita nak beli AA?

Posted by HamsterHuat > 2020-08-26 21:52 | Report Abuse

whoever still believe in AA is like giving them free money....
Imagine by End of 2020......surely billion losses again...

If RMCO continue after 31August......AA can say bye bye