Posted by yong1985cm > 2020-10-23 22:15 | Report Abuse

Aliyusof:

https://www.theedgemarkets.com/article/airasia-confirms-securing-rm300m-loan-sabah-development-bank

AA has announed further that this RM300mil is for usage for Sabah..see how the RM300 loan to be utilised in above link. basically is for sabah airport and agriculture e-commerce platform use in sabah. so it (the loan) has nothing to do with AA core biz.

Posted by NoNonsenseHere > 2020-10-24 13:58 | Report Abuse

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In June 2020, Top Glove reported their RM350 mil PAT
In September 2020, Top Glove reported their RM1.3 billion PAT which is 3.7 times higher than their own previous quarter.

In August 2020, Supermax reported their RM400 mil PAT. RM50 mil higher than Top Glove.
Next week late-October 2020, Supermax WILL ANNOUNCE their RM1 billion PAT which is 2.5 times higher than their own previous quarter.

Top Glove's market cap is THREE TIMES larger than Supermax.
But Supermax can match Top Glove's profits.

Meanwhile, hotels will remain closed for years, airlines have nowhere to go to and banks CANNOT lend.

Glove supply will not meet demand in next three years
https://www.theedgemarkets.com/article/glove-supply-will-not-meet-demand-next-three-years-says-hartalega-executive-chairman

Posted by NoNonsenseHere > 2020-10-24 17:56 | Report Abuse

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Hotels bankrupt, airlines bankrupt, construction companies bankrupt, travel agencies selling fish now, universities begging for students.

Meanwhile the only stocks thriving on Bursa are Gloves with BILLIONS of ringgit of profits because of great companies like Supermax and Top Glove.
Phenomenal.

Posted by mf > 2020-10-24 21:59 | Report Abuse

bursa panic sell

Posted by ongth60 > 2020-10-24 22:07 | Report Abuse

If I borrow RM10 it's my problem to pay, if I borrow rm1 billion, it's becomes your problem.

Posted by ongth60 > 2020-10-24 22:08 | Report Abuse

AA has announed further that this RM300mil is for usage for Sabah..see how the RM300 loan to be utilised in above link. basically is for sabah airport and agriculture e-commerce platform use in sabah. so it (the loan) has nothing to do with AA core biz.

Left pocket to right pocket, who knows.

Posted by maggiemee > 2020-10-25 18:50 | Report Abuse

Everyone stop fly sorry to change slogan. L

Posted by PGOne (Pure Goreng One) > 2020-10-25 21:49 | Report Abuse

okay so glove promoter hired by operator now started to promote glove stocks for distribution ? Wakakakakaka

Posted by tkl88 > 2020-10-25 22:07 | Report Abuse

Superb Good News !
Like that tommorrow KLSE & Airasia will spike up like mad already liao lah !

The Straits Times

https://www.straitstimes.com/asia/se-asia/live-coverage-malaysia-to-decide-on-emergency-measures

Live: Muhyiddin's emergency plan rejected by Malaysia's King

Malaysia's King has rejected a proposal by Prime Minister Muhyiddin Yassin for a state of emergency to be imposed because of the coronavirus crisis. Follow the latest updates here.

6.40pm
Malaysia King says no need at this time to declare emergency

Malaysia’s king, Sultan Abdullah Ahmad Shah, on Sunday rejected a proposal by Prime Minister Muhyiddin Yassin for a state of emergency to be imposed because of the coronavirus crisis.
The palace said the Malaysian government has managed the pandemic well and is capable of continuing to manage the crisis under PM Muhyiddin Yassin, reported Reuters.
The king also reminded politicians to stop all politicking that could affect the stability of the country.

Posted by yong1985cm > 2020-10-25 22:25 | Report Abuse

Airasia spike, bcz of rm300mil loan? not glove counter meh, 1200 case woh.

Posted by night_shadow > 2020-10-25 23:11 | Report Abuse

300million barely enough to sustain the ops, they’re still burning cash every hour. Only 20% of aircraft utilized, but they still hv to pay the lease fees

Posted by Alfonso > 2020-10-26 15:49 | Report Abuse

Tony, do u have any better idea, let charkuih go online pls

Posted by samo50sg > 2020-10-26 16:59 | Report Abuse

300m is to invest logistics, cold storage and international airport. Please read COLD Storage facility.

Posted by Martingale > 2020-10-26 18:20 | Report Abuse

https://newsroom.airasia.com/news/2020/10/26/aagb-3q20-preliminary-ops-stats

Posted by sampooler > 2020-10-26 22:20 | Report Abuse

Good news

Posted by NohopeAirasia > 2020-10-26 22:29 | Report Abuse

AirAsia suffers 85% plunge in passengers carried
https://www.themalaysianinsight.com/s/280850

Posted by Godofgambler > 2020-10-27 08:48 | Report Abuse

https://www.google.com/amp/s/simpleflying.com/air-asia-thailand/amp/

Posted by Godofgambler > 2020-10-27 08:48 | Report Abuse

Airasia on recovery track

Posted by EatCoconutCanWin > 2020-10-27 08:55 | Report Abuse

gila ker...semua fake news pasal pinjam loan kasi airasia..
ini macam la kasi example =
kalau ada olang bikin lari dari rumah nak pinjam duit sama kamu, mau ker lu kasi pinjam?
jawab la dulu..

Posted by Onlineone > 2020-10-27 10:28 | Report Abuse

Godofgambler Airasia on recovery track????

Not yet. still long way to go..

Posted by Donator > 2020-10-27 15:20 | Report Abuse

If Airasia not going bankrupt is already a miracle...

Posted by Loh Kok Wai W > 2020-10-27 16:15 | Report Abuse

Hong Kong Cathay airline pun susah airasia pun lebih kurang.....

Posted by sampooler > 2020-10-27 16:16 | Report Abuse

https://www.nst.com.my/business/2020/10/635625/airasia-hit-60pct-capacity-recovery-year-end

Posted by Good123 > 2020-10-27 17:09 | Report Abuse

ramai tak fly the coming 2 years. takut mati atau takda Wang :)

ANA, like other airlines, is burning through cash to keep jets flying albeit with too few passengers.

TOKYO: Japan's ANA Holdings Inc on Tuesday said it will retire more than a tenth of its mostly Boeing Co fleet and delay two aircraft orders to help rein in costs and survive a collapse in air travel caused by coronavirus travel restrictions.

Forecasting a record operating loss of 505 billion yen ($4.82 billion) for the year to March 31, Japan's biggest airline said it will also temporarily transfer more than 400 workers to other companies and ask those remaining to accept pay cuts or unpaid leave.

ANA, like other airlines, is burning through cash to keep jets flying albeit with too few passengers. Though demand for domestic flights has recovered to about half of last year's level, helped by government-subsidised travel, it is flying only a fraction of its usual international schedule.

After initially halting nearly all entry to prevent the spread of the novel coronavirus, Japan recently began allowing in business travellers and foreign residents on condition they agree to quarantine for two weeks. Most overseas tourists are still banned.

As a result, ANA said it would retire 35 planes, 28 of them early, including 22 Boeing 777 widebodies and delay delivery of one 777 and one Airbus SE A380 superjumbo. That will reduce its fleet by a net 33 aircraft to 276 planes.

To ensure it has enough cash to survive the downturn, the airline on Tuesday also confirmed it had secured $3.8 billion in subordinated loans from state-backed and private lenders.

Its cost-cutting response to the pandemic follows job cuts and early aircraft retirements at other large Asian carriers including Singapore Airlines Ltd, Cathay Pacific Airways Ltd and Qantas Airways Ltd - all suffering from border restrictions that have curbed travel.

LONGTERM CHALLENGE

ANA expects the downturn in domestic travel, which normally accounts for just over half its revenue, to last for about two years, with international routes unlikely to recover until 2024.

When it does rebound, however, the Japanese carrier expects international demand to be mostly from tourists rather than more lucrative business travellers.

That demand will "likely not fully return to previous levels due to changes to the nature of work," the airline said in its business plan.

To adapt to that longterm market shift, ANA said it will launch a low-cost airline brand in 2022 that would ply routes to Southeast Asia and Oceania using Boeing 787 Dreamliners with more than 300 seats.

At home, in addition to the taxpayer-funded domestic tourism campaign, ANA and Japan Airlines Co Ltd (JAL) are also benefiting from landing fee waivers by a government that sees air routes as essential to connecting the 3,000-kilometre Japanese archipelago stretching along the edge of East Asia.

The government, however, has so far preferred a piecemeal approach of public help and airlines' own efforts to secure funding and cut costs, rather than offering large bailouts.

ANA also said it swung to an operating loss of 280.95 billion for the six months ended Sept. 30 and a net loss of 188.49 billion yen. Still, Chief Executive Shinya Katanozaka said his airline had enough money and a business plan that would see it through the industry crisis.

He denied an earlier media report that his airline planned to raise additional money through a new share offer.

Rival JAL, which announces its latest earnings figures on Friday, is likely to post a full-year record net loss of about 230 billion yen, the Nikkei business daily reported on Tuesday. - Reuters

Posted by oskchoon > 2020-10-27 17:31 | Report Abuse

Once our Finance Ministry willing to use our taxpayer's money to salvage AirAsia or AAX, there is no need to take loan from any state bank...

Posted by oskchoon > 2020-10-27 17:35 | Report Abuse

During the 2021 budget, Mr. Tony F can request help from PN MP to table special motion for our Finance Ministry to provide interest free loan, I am Mr Tony have slot of friends as MP...

Posted by oskchoon > 2020-10-27 17:37 | Report Abuse

The price of AirAsia will shoot up to even RM 2.00 in no time... every body is happy...

Posted by DickyMe > 2020-10-27 19:06 |

Post removed.Why?

Posted by NoNonsenseHere > 2020-10-27 19:20 | Report Abuse

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Whenever a company like Supermax overperform, companies like The Star won't report it straight away.
The Star won't write anything yet, because they want to buy Supermax themselves.

When a company like Harta underperform, The Star will write big news about Harta because they want to sell Hartalega.
https://www.thestar.com.my/business/business-news/2020/10/27/hartalega039s-strong-earnings-boost-klci

You see when Harta results came out, The Star straight away reported good news about them even though Harta's profits are terrible.

When Supermax spectacular results released, they keep quiet. Because they need time to pick up Supermax.

Posted by SpeedNpower > 2020-10-28 08:18 | Report Abuse

How much AirAsia? Can ask Stanley Thai or tan Sri lim to buy AirAsia with cash

Posted by Alfonso > 2020-10-28 13:44 | Report Abuse

ya, air asia will being goreng up to more than 2 provided tomorrow covid 19 suddenly disappear from the world.

Posted by aliyusof > 2020-10-28 14:19 | Report Abuse

Airline cost slash not sufficient to neutralise cash burn, says IATA

https://www.freemalaysiatoday.com/category/nation/2020/10/28/airline-cost-slash-not-sufficient-to-neutralise-cash-burn-says-iata/

Posted by aliyusof > 2020-10-28 14:22 | Report Abuse

AA will not survive daily cash burn rate when government does not help out. MAS too will ho down as Covid 19 effects and after effects will stay for 18 to 24 months even vaccines are available by 1Q or 2Qc 2021

Posted by tkl88 > 2020-10-28 15:05 | Report Abuse

Added more Airasia at history record lowest @0.555

Posted by kachan > 2020-10-28 15:17 | Report Abuse

Buy buy buy this cheap now.

Posted by Loh Kok Wai W > 2020-10-28 15:55 | Report Abuse

today is buy buy buy. cheap cheap now,..........next few months is ...die,die die sell now !

Posted by themeg > 2020-10-28 17:58 | Report Abuse

The Sabah Development Bank must be prepared to write off the RM300mil loan.

Posted by DannyArcher > 2020-10-28 18:06 | Report Abuse

knowing it is a sinking ship yet tony and AA have no problem selling RM499 unlimited ticket and then borrow from a sabah bank when sabah is already so poor. never trust tony. this aa is beyond salvage, need to close it down and sell to someone for rm1.

Posted by aliyusof > 2020-10-28 18:11 | Report Abuse

Ha ha, surely strange why lend rm300m to a sinking ship? Check latest new: MACC is investinng it

Posted by aliyusof > 2020-10-28 18:12 | Report Abuse

MACC probing RM300 mil loan by Sabah-owned bank to AirAsia

https://www.freemalaysiatoday.com/category/highlight/2020/10/28/macc-probing-rm300-mil-loan-by-sabah-owned-bank-to-airasia/

Posted by Flytothesky2 > 2020-10-28 19:26 | Report Abuse

Tomorrow aa no below 50 cents i dok

Posted by Thompsonchuah > 2020-10-28 19:31 | Report Abuse

like that confirm have to dok.. Public Holiday tomorrow.

Posted by Jeffreyteck > 2020-10-28 20:41 | Report Abuse

Tough as looks like nobody want to rescue as they see no ST gains whereas long term remains uncertain. Sabah Dev Bank approval is quite odd when heard about it as it is such a small player but undertake such risk. Even TF doesn't want to pump in $$$ via right issues.

Posted by ocpd > 2020-10-28 20:45 | Report Abuse

Well the Sabah bank is owned by tax payers so who cares if the loses money and goes bankrupt. On the other hand, AA is owned by TF the billionaire so we can’t let it go bankrupt.

Posted by Godofgambler > 2020-10-28 21:58 | Report Abuse

Airasia is not shinking what ship...
Open your eyes and see...
Read all the news..

Posted by samo50sg > 2020-10-29 02:09 | Report Abuse

If AA is sinking, just watch who will buy when the selling starts.

Posted by mf > 2020-10-29 02:21 | Report Abuse

DAX plunges over 4% to lead the sell-off in Europe as Germany, France weigh lockdowns

Posted by aliyusof > 2020-10-29 06:57 | Report Abuse

If so much questions asked and MACC investing RM300m loan approved for AA, think no one local bank dare to lend money to it now. TF is not going to put his good money to chase after bad money knowing covid 19 will hamper travel for another 1 to 2 years even with vaccines. If TF thinks he is unwilling to save sinking ship, which banks or who investors will put their money into it? So, major shareholders must cough out own money first to demonstrate their confidence on viability of AA future. Governmeny Want to help will help MAS firs, u know i know, even AA can do much better vs all local airlines.

Posted by petnch2020 > 2020-10-29 12:39 | Report Abuse

This one is high risk high return play. I bet airlines stocks will go up even faster than pharma companies when the vaccine is ready. But capital call is almost certain. Analysts say around RM1 bil so those that want to bet on Air Asia need to prepare additional 30 sens on top of the 55 sens now. Still cheap though if you think air travel will normalize once vaccine is found.

I still think govt will still help AA via loans later. Just that now hot topics in market since govt also own MAS ( this one has no hope in my opinion).

Posted by maggiemee > 2020-10-29 13:07 | Report Abuse

Sorry have to say everyone stop fly that’s all the slogan no much