Posted by Qbb99 > 2020-10-13 23:56 | Report Abuse

No one knows the virus is coming

Posted by Mabel > 2020-10-14 00:45 | Report Abuse

I told you all oledi...

Merger in progress..

Meow..

Posted by FutureGains > 2020-10-14 00:51 | Report Abuse

better avoid this meow meow

Posted by Whoisthis > 2020-10-14 07:06 | Report Abuse

Back to rm0.57 or lower? Oh no...

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

KUALA LUMPUR: The Finance Ministry has not provided any financing nor guarantee to any airline, it has clarified, refuting media reports on the matter.

Nikkei Asia had earlier reported that the government had approved a RM1bil loan as a lifeline to AirAsia Group Bhd.

The agency reported that the loan would be made by a group of local banks under a government scheme to help companies deal with the fallout from the Covid-19 pandemic.

The question of funding has been touchy as the government had stated earlier that it would not bail out any airline.

Last Saturday, a group of leasing companies rejected a restructuring plan put forward by Malaysia Airlines (MAS), bringing the state carrier closer to a showdown over its future.

The lessors, claiming to represent 70% of the airplanes and engines leased to MAS, have called the plan “inappropriate and fatally flawed” and pledged to challenge it, according to a Reuters report.

AirAsia X Bhd is also in dire need of massive debt forgiveness from its creditors, or be prepared to shut its business down for good.

The low-cost, medium-haul airline, which has grounded all its flights due to the Covid-19 outbreak, is asking creditors and suppliers to forgo over RM63bil in liability and instead accept a maximum RM200mil in deferred payment.

Posted by Jeffreyteck > 2020-10-14 08:43 | Report Abuse

Chief traders will decide direction. More than 70 million traded yesterday. Believe majority are contra players.

Posted by Godstock8888 > 2020-10-14 09:03 | Report Abuse

0.30 coming

Posted by apple168 > 2020-10-14 09:04 | Report Abuse

GG

Posted by Vulture123 > 2020-10-14 09:04 | Report Abuse

Window of opportunity to exit > 0.68 yesterday !

Posted by L A > 2020-10-14 09:19 | Report Abuse

to day i think will be up

Posted by L A > 2020-10-14 09:20 | Report Abuse

i buy more hahaha i believe can fly

Posted by apple168 > 2020-10-14 09:29 | Report Abuse

Guess flying to Holland

Posted by strattegist > 2020-10-14 09:32 | Report Abuse

red

Posted by L A > 2020-10-14 09:43 | Report Abuse

you try sell big order at 0.595 very fast sell out

Posted by josephn > 2020-10-14 09:44 | Report Abuse

Possible surge again later?

Posted by josephn > 2020-10-14 09:45 | Report Abuse

Big shark coming again?

Posted by L A > 2020-10-14 09:48 | Report Abuse

dont know...just waiting

Posted by bjgdila123 > 2020-10-14 09:50 | Report Abuse

possible aa 0.20

Posted by L A > 2020-10-14 09:54 | Report Abuse

maybe latter say loan announcement is made....hahaha......now just wait and see

Posted by Godstock8888 > 2020-10-14 10:05 | Report Abuse

try imagine country still lock down , covid cases increased , cut staffs, no profit , need waiting loan to continue operate , for short term no any boomb news , 0.3 possible

Posted by strattegist > 2020-10-14 10:11 | Report Abuse

weak

Posted by newbie1111 > 2020-10-14 10:15 | Report Abuse

Last chance to escape

Posted by Will188 > 2020-10-14 10:24 | Report Abuse

Some1 is preventing it from free fall...

Posted by Alfonso > 2020-10-14 10:28 | Report Abuse

PLease use logic thinking, AA is the hardest hit co. in this covid.

Posted by Morpheus61 > 2020-10-14 10:28 | Report Abuse

Posted by Will188 > Oct 14, 2020 10:24 AM | Report Abuse

Some1 is preventing it from free fall...
___________________________________________________________

The Smart Money needs to keep it high to be able to sell all the shares they bought. If it falls too soon, they will be left holding the shares they bought while spiking the price.

Posted by newbie1111 > 2020-10-14 10:41 | Report Abuse

Unless Tony announce he going to inject a few billions into AA, there are no hope for this counter. All funding options had been explored. The only thing that matters now is the cash burn rate and how long AA can continue at current burn rate

Posted by josephn > 2020-10-14 10:41 | Report Abuse

WOW, big volumn is coming, big shark eat all 0.595

Posted by josephn > 2020-10-14 10:45 | Report Abuse

I hope big shark will eat all the block 0.60, 0.605, 0.610 all straight up

Posted by strattegist > 2020-10-14 10:45 | Report Abuse

red

Posted by L A > 2020-10-14 10:46 | Report Abuse

i try few time already ,,,big big order sell at 0.595 very fast sell out...but the vol also same big

Posted by Good123 > 2020-10-14 10:55 | Report Abuse

SINGAPORE/KUALA LUMPUR (Oct 13): Malaysia Airlines is struggling to make payments owed to creditors and lessors amid the coronavirus pandemic that has forced it to slash its operations.

The national airline, which restructured after two deadly crashes in 2014, has a new plan involving big discounts from creditors, but unlike last time the cash-strapped government is unwilling to bail it out.

How long has it been in trouble and why?
The airline has been loss-making for about a decade. Losses were aggravated by two tragedies in 2014 — the mysterious disappearance of flight MH370 and the shooting down of flight MH17 over eastern Ukraine.

In the price-sensitive domestic market, it faced rising competition from low-cost rivals AirAsia Group Bhd and Malindo Air, an offshoot of Indonesia's Lion Air.

In the international market, cashed-up Gulf carriers Emirates, Etihad Airways and Qatar Airways used the heft of their global networks to encroach on lucrative long-haul routes. Budget rival AirAsia X Bhd, now itself in financial trouble, offered discounted fares on routes within Asia.

How did it restructure previously?
State fund Khazanah Nasional became the sole shareholder of its parent company and delisted it in 2014 as part of a US$1.5 billion restructuring that saw its staff numbers cut by 6,000, or about 30%. It targeted a return to profit in three years, but it has not been profitable yet.

Analysts and lessors say the airline has been beset by high costs, a messy strategy and a bloated workforce even after the restructuring.

"We're at this stage because the airline has run out of money, run out of ideas and the government seems to have run out of patience with it," said Shukor Yusof, an analyst at Endau Analytics.

Before the pandemic, the government was seeking a strategic partner to invest in the airline but those plans fell apart as interested parties such as Air France-KLM and Japan Airlines were hit by a collapse in revenue in their home markets.

What is the government's position on funding?
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said last week the government will not provide financial relief or debt guarantees, raising questions about the airline's fate.

National Union of Flight Attendants Malaysia (Nufam) president Ismail Nasaruddin termed the finance minister's statement "irresponsible".

"As a government you should be able to show some sense of responsibility," Ismail told Reuters on Tuesday. "It's damaging (to) morale (and) confidence. People don't trust you now."

Any support measures for the carrier will need to be addressed by Khazanah, Tengku Zafrul said last week.

Tengku Zafrul is a director of Khazanah's board, which is chaired by Prime Minister Tan Sri Muhyiddin Yassin, who is struggling to hold on to power.

Reuters reported last week that Khazanah has warned leasing companies it will stop funding the airline group and force it into a winding down process if restructuring talks with lessors are unsuccessful.

What are the creditors and lessors saying?
A group of leasing companies claiming to represent 70% of the airplanes and engines leased to Malaysia Airlines have rejected its plan, calling it "inappropriate and fatally flawed". The airline group has said it was pleased with the level of support from lessors but warned it will have to shut down if they don't back the plan.

The airline, which has a fleet of 88 planes, leases aircraft from about a dozen leasing companies, including Avolon, Aercap, BBAM, Air Lease and Standard Chartered's leasing arm. All of them declined to comment, while another lessor SMBC Aviation did not respond to a Reuters query.

What happens if there's no deal?
Under a "Plan B" scenario, Khazanah would inject funds into Firefly, an operator of 12 turboprops that is a fully owned subsidiary of Malaysia Airlines' parent.

According to a document seen by Reuters, Firefly would obtain narrowbody planes and subsequently widebody aircraft from the market. Lease rates have fallen sharply due to a lack of demand from airlines.

Before the pandemic hit, Malaysia Airlines had pushed back its order for Boeing Co 737 MAX jets and industry sources said it was considering smaller planes such as Airbus SE A220s or Embraer SA E190s.

"It's quite clear that the future of Malaysia Airlines has to be a very smaller airline if it has any chance of surviving," said one leasing executive.

Posted by josephn > 2020-10-14 11:11 | Report Abuse

Big shark is coming

Posted by L A > 2020-10-14 11:11 | Report Abuse

0.610 yes hahaha

Posted by josephn > 2020-10-14 11:16 | Report Abuse

0.68 IS COMING TODAY

Posted by Donator > 2020-10-14 11:18 | Report Abuse

to bait again?

Posted by L A > 2020-10-14 11:19 | Report Abuse

maybe boss buy back...not sure...but luck

Posted by josephn > 2020-10-14 11:24 | Report Abuse

WOW, BIG VOLUME EATEN 0.62, UNEXPECTED

Posted by strattegist > 2020-10-14 11:50 | Report Abuse

green

Posted by 914601117 > 2020-10-14 11:50 | Report Abuse

For those intend to buy air ticket from MAS or AirAsia for overseas, check properly whether these airlines have flight permission from respective countries. There's thousands of complains where flight eventually cancelled and there's no refund both for MAS & AirAsia. These airliners are really in deep shit and resort to this type of business practices.

Posted by josephn > 2020-10-14 12:12 | Report Abuse

AIRPORT (MAS) shares drop sharply, airasia consider very good already

Posted by hhc8 > 2020-10-14 12:19 | Report Abuse

MOF hasnt approved that doesnt mean it has rejected. Nikkei news wouldn't have published if not true. Ruin their reputation.Who bought BIG volume at 0.60 if not true?

Posted by strattegist > 2020-10-14 13:23 | Report Abuse

sustain

Posted by Good123 > 2020-10-14 13:57 | Report Abuse

sendiri Jaga sendiri airlines. kerajaan tak peduli

Posted by oskchoon > 2020-10-14 14:06 | Report Abuse

Mr. Tony should ask help from Japan due to fake news from Nikkei news and America due to fake news from Bloomberg...

Posted by newbie1111 > 2020-10-14 15:13 | Report Abuse

Today trapped a new batch

Posted by strattegist > 2020-10-14 15:25 | Report Abuse

soft

Posted by shortinvestor77 > 2020-10-14 15:45 | Report Abuse

https://www.klsescreener.com/v2/news/view/740101/no-issue-of-leakage-sale-of-personal-data-by-airasia-personal-data-protection-department

Posted by Alfonso > 2020-10-14 15:46 | Report Abuse

should AA sell char kuih just like Thai airflight

Posted by strattegist > 2020-10-14 16:09 |

Post removed.Why?

Posted by yongch > 2020-10-14 16:09 | Report Abuse

到今天公司已经快要倒闭，日本联营已经关门，印度是下一个，。。。在大马竟然还有人相信黑皮车大炮的话，今子公司TP 0.00,继续下去，不久就轮到母公司！担保债务已破1，000亿，TP0.0!