Don't worry TP9 boys, Tony just blowing water with Google and Bloomberg only. Maybe he just subcribed only Google Drive Annual Plan RM429.99 for 2TB only and he bluffed to have strategic partnership with Google, so cheeky loh...
In Maybank IB Research’s view, the PN17 status is salvageable with six ways that AirAsia Group can substantially narrow its negative shareholders’ equity:
Waiver of deferred aircraft leases (RM2.5 bil); Listing of digital assets currently valued at US$1.2 bil (RM5.2 bil); Reversal of impairment of right-of-use assets (RM552 mil); Issuance of RCUIDS (RM974 mil) and warrants (RM650 mil); Deconsolidate Indonesia AirAsia (IAA) and Philippines AirAsia (PAA) accounts; and Sale of assets (eg maintenance, repairs and operations division).
AirAsia now categorised as a PN17 listed entity, the company’s request for further extension in meeting its obligation has also been denied by Bursa Malaysia. As such, the requirements under PN17 of the Main LR will now apply to AirAsia with effect from 7 January 2022.
Among its obligation were, to regularise its condition within 12 months from the date, submit a regularisation plan to the Securities Commission Malaysia (“SC”) if the plan will result in a significant change in the business direction or policy of the Company or submit a regularisation plan to Bursa Securities if the plan will not result in a significant change in the business direction or policy of the Company.
Here’s the clincher, in the event AirAsia fails to comply with any part of its obligations to regularise its condition within the timeframes permitted by Bursa Securities, the Exchange could suspend the trading of the company’s listed securities on the 6th market day after the date of notification of suspension and de-list the company subject to it’s right to appeal against the de-listing.
Just a gentle reminder the clock is ticking: As such, the requirements under PN17 of the Main LR will now apply to AirAsia with effect from: 7 January 2022.
nicholas99, malaysia also can cause have semenanjung and sabah serawak, u cannot to swim but for air asia spoil may be cause pn17 loss from covid pkp. our previous gov should not do pkp and if want to lock down should only from border country to country. example indo can survive from covid only used vaccin from china and also can foreigner can enter but only for the moment but their economic was survive
Sslee, actually what does AirAsia need to achieve in order to be withdrawn from PN17? how many months is given when the airline has been classified under PN17? so what is your general advice in this forum to the investors of this stock?
moneyontheway, for example maa group have pn17 on 2011 and at that time 0.4 share but the company will not delist due can find the profit and on early 2011 bursa already lift for pn17. for air asia issue if can find profit after open border, so then their pn17 will lift but must under profitable. if their leader so good and can used their product such as flight, taxy, cargo, hotel and insurant then i think this year will lift their pn17. well for air asia i think just wait big shark dato tan sri to support air asia business thought but no support then air asia fail product/innovation business in malaysia (true mean malaysia was country bad doing in business now or lets become like indonesia let thier economy control by foreign country)
Some pn 17 company even last for 2-3 years by appeal for time extend by approved Bursa ... If that timing given to AA, sure it before time up will be turning profitable and exit out of pn 17 ... chill man, relax je ...
MAA Group was PN17 from 2011 to 2021? A will still remain PN17 even if they are profitable,
"that the company no longer triggers A N Y prescribed criteria under Paragraph 2.1 of PN17" _________________________________
Nhamir
moneyontheway, for example maa group have pn17 on 2011 and at that time 0.4 share but the company will not delist due can find the profit and on early 2011 bursa already lift for pn17. for air asia issue if can find profit after open border, so then their pn17 will lift but must under profitable.
2.1 (a) the shareholders' equity of the listed issuer on a consolidated basis is 25% or less of the issued and paid-up capital (excluding treasury shares) of the listed issuer
What the...another AA strategic partner without doing Googling homeworks, aiyoyo, they should really come here more often to learn some PN17 news, now can confirm Google a "traitor" oledi cannot pakai oledi, luckily here we still have PN17 repetitive alarm system to remind everyone...
AirAsia resumes flights from India to Malaysia, Thailand NEW DELHI, 21 hours, 55 minutes ago AirAsia, a leading low-cost carrier in Asia, has announced that it has resumed its international flights from India to Malaysia and Thailand starting from this month.
The airline began as a low-cost carrier with operations in Malaysia, Indonesia, Thailand, the Philippines and India, and has till date flown more than 600 million passengers to over 160 destinations in its network across Asia, Australia, the Middle East and the US.
Announcing its Malaysian schedule, Air Asia said it will operate flights from six Indian cities to Kuala Lumpur starting this month. These are Bengaluru, Chennai and Tiruchirappalli (already underway), Kochi (from April 18), Kolkata (April 23) and Hyderabad (May 1).
On its Thai operations, Air Asia said five new routes are being launched from India including Kochi-Bangkok (Don Mueang) and Jaipur-Bangkok (Don Mueang) from 1st May; Bengaluru-Bangkok (Don Mueang) and Chennai-Bangkok (Don Mueang) on May 4 and Kolkata-Bangkok (Don Mueang) from May 2.
To celebrate the resumption of 30 additional weekly flights to India launching this month and next month, the airline is offering individual customers and travel agents with a 20% discount to all Indian destinations from Malaysia through the airasia Super App until May 1, along with complimentary 20kg check-in baggage allowance for each booking.
Welcoming the resumption of direct commercial flights to Malaysia, C. Sushma, the Chargé d'Affaires of the High Commission of India in Kuala Lumpur, Malaysia, said: "This is an important step in reconnecting India and Malaysia as people to people connectivity lies at the foundation of this important partnership. AirAsia has been offering low-cost flights to India since 2008, connecting travellers from Kuala Lumpur to multiple destinations in India."
Manoj Dharmani, AirAsia’s Regional Commercial Head for India, Sri Lanka & Bangladesh, said: “AirAsia’s resumption of international flights has been highly anticipated by both the airline and its guests. With Malaysia and Thailand reopening and travel restrictions being lifted, we will be continually re-introducing international services this month."
AirAsia Group, he stated, had been recently recognised as the only Thai airline among the Top 3 “Most On-Time Low-Cost Carriers” as ranked by leading aviation and travel data analytics firm Cirium for 2021 with an on-time performance average of 97.47%.
With borders being reopened across the region, AirAsia will continue to review and add to its expanding network to cater for the increasing demand for air travel, including 30 total weekly flights from Malaysia to India launching by the end of May.
Furthermore, with a total of 71 weekly flights to be operated by the end of 2022, AirAsia Malaysia will be soon returning to pre-Covid-19 capacity, flying more than 140 weekly services to and from India, he added.
CRaider, they have revenue but hight loss due malaysia total lock down and not pre covid... east asia mostly total lock down except indon.. but suprisingly airline singapore was not affected their stock even have total lost... so singapore airline so strong even total lock down compare to malaysia
KUALA LUMPUR (April 18): As countries continued to reopen following high vaccination rates, senior executives at Capital A Bhd, the holding company for AirAsia Aviation Group, called on governments across Asia to further ease travel restrictions in order to revive the global economy.
In a statement on Monday (April 18), the company said Covid-19 tests required by many countries in Asia, which cost more than some of its airfares, made the overall cost of air travel burdensome for most of the ordinary travellers that it serves.
“We thank the governments in Asean which are finally reopening borders. This is a great first step to revive economic growth.
"With a high percentage of people in Asean fully vaccinated, we believe that it is time to review the onerous deterrents still stifling air travel, including the numerous testing requirements both pre-departure and on arrival, additional paperwork and costly Covid travel insurance,” said Capital A president, commercial, Colin Currie.
According to him, tourism is a major economic contributor and a lifeline for many countries in Asean and beyond.
He said that for Asean as a whole, the tourism sector accounts for 13% of the grouping’s aggregate gross domestic product (GDP), and 6% of total employment. Revival of the tourism sector is thus pivotal to supporting the livelihood of the people.
“The majority of the world is now fully vaccinated and a sizeable portion has also received booster shots. Data in the region also shows that the chance of hospitalisation from Covid-19 for those fully vaccinated is very small,” he added.
Meanwhile, AirAsia Aviation Group group chief executive officer Bo Lingam said it was a sad fact that some of the group’s airfares cost less than the Covid-19 tests required by many countries in Asia, making the overall cost of air travel burdensome for most of the ordinary travellers that it serves.
The testing requirements, including the number and type of tests involved, should constantly be reviewed to ensure that they remain relevant, without burdening travellers or compromising public health, he said.
He noted another key issue faced by air travellers is the additional paperwork and various, unstandardised entry applications required by different countries.
These too should be urgently reviewed as the current processes tend to be duplicative and cause confusion amongst travellers, he added.
“This is on top of the superfluous Covid-19 travel insurance requirement still imposed by many countries and we would like to applaud Singapore, Cambodia, Australia and India for leading the way by doing away with this requirement in order to draw more visitors to their respective countries,” he said.
He said he is also very pleased that countries like Cambodia and India have completely removed testing requirements and reduced paperwork for entry applications, while travellers to Thailand, Indonesia, Vietnam, Singapore, Australia and the Philippines are only required to undertake one Covid-19 test, either pre-departure or on-arrival.
According to him, Malaysia is the only country in Asean that is still requiring two tests, both pre-departure and on-arrival, which he called on the government to urgently review.
“The global recovery in air travel is very much underway. We are happy to note that many countries are already making the journey easier and more tourist-friendly. Countries that persist in trying to lock out the disease instead of managing it, as we do for other diseases, face the risk of missing out on significant economic benefits,” he said.
He said that AirAsia continues to play its part in the revival by looking at ways to make air travel as affordable and hassle-free as possible for its guests, including fully contactless procedures at airports and in the air.
According to him, the group last week announced a partnership with leading local provider Medijaya, to provide more affordable and convenient testing facilities in Malaysia which it hopes to roll out similarly in other destinations soon.
“We will continue to work closely with respective governments, regulators and industry partners across Asia and the Pacific as we work together to reduce the friction of air travel in order to stimulate demand and help revive the economy as a whole,” he said.
At 11.51am Monday, Capital A dropped 0.5 sen or 0.71% to 70 sen, valuing the group at RM2.93 billion.
Wow, neonstrife. from arb to aa. Anyhow is good to heard that Asean which are finally reopening borders but economic growth is 1 thing- here still we come with another issues - oil price is going to breakout soon and confirm this will make a big impact to Airasia.
will BNM give license to a PN17 company? some say PUC got chance also because genting and sabah gov backing, but their account is very bad.... hmm... PN17 hard lah, if later bankrupt, surely BNM will get blamed.
I agree also but TF seems confident that next year will making turnover. If I stand at TF position, pull out airline during the time change name to capital A then everything make sense. Tony disappoint many retails, If unable to make it coming 2-3 quarter, slowly slowly not small fish, insti also run.
Does anyone know when are they going to announce the digital banking license? Take a look on their balance sheet if you think they can recover from losses and exempted from PN17.
winetime, TF has been saying this since 2019. put it this way, a good management would not have sold all their planes and give it out as special dividend to the point where AA has almost no cash, in short, TF sucked the company dry due to greed.
Just wonder why people want to invest in CapitalA, a PN17 company with total equity of negative RM 5,988,663,000 as at 31/12/2021 and Stony already said 2022 will be another loss making year and can only hope to turn around in 2023.
Why not invest in plantation stocks that should report record profit for year 2022?
aiya...little brother PUC with 56 staff (2020, Google and Bloomberg say geh) also berani bid for digital banking, apa tak boleh?!!!
Someone even said PUC got chance b'coz it is backed by state gov woh even though their balance sheet is bad, according to EXPERT here, PUC balance sheet is bad but got chance to win, however on the other hand Cap Ayam balance sheet is bad will go bankrupt pulak .
Yeah, you are correct chinaman, the double standard has reached new height, I feel you bro! EXPERT likes to play with their OWN 2 hands, you know la...
Only 1 month, cannot tahan already huh? aiyoyo, this reminds a cantonese saying "X婆守不到寡", correct?
If you can't understand chinese, nevermind, Google has translated it in a beatiful and very polite way, not like the rude cantonese slang. The Google translated version shall prevail for above meaning. Welcome back!
Just wonder why people want to invest in CapitalA, a PN17 company with total equity of negative RM 5,988,663,000 as at 31/12/2021 and Stony already said 2022 will be another loss making year and can only hope to turn around in 2023.
Why not invest in plantation stocks that should report record profit for year 2022?
By the way, Stony had put his sneaky hands on farming and agriculture already woh...how then? Shall we ask Stony to consider glove stocks now which are also foreseen to be profitable 2022, huh?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bish_bish
223 posts
Posted by bish_bish > 2022-04-12 23:47 | Report Abuse
Don't worry TP9 boys, Tony just blowing water with Google and Bloomberg only. Maybe he just subcribed only Google Drive Annual Plan RM429.99 for 2TB only and he bluffed to have strategic partnership with Google, so cheeky loh...
Capital A Discussing Potential Google Investment: CEO
https://www.bloomberg.com/news/videos/2022-04-12/capital-a-discussing-potential-google-investment-ceo-video
This one in chinese, you may use service from AA strategic partner - Google Translate, for smooth translation
https://www.klsescreener.com/v2/news/view/976875/CAPITAL_A%E8%B0%B7%E6%AD%8C%E4%BA%91%E5%90%88%E4%BD%9C_%E4%B8%9C%E5%B0%BC_%E5%8F%AF%E8%83%BD%E8%8E%B7%E8%B0%B7%E6%AD%8C%E6%8A%95%E8%B5%84