@stockraider, better invest to Singapore airline. never lost profit with strong country if you go temasek, everithing will be alright. for air asia was not have any back-up now
In my opinion, it seems Capital A is seeking extension as it does not have a proper plan in place to address the PN17 regularisation. It uses the excuse of merger with AAX as a way out and justifying that a merger will need close to 12months to execute. In the first place, AAX was carved out from Capital A(previously known as Airasia) to garner better valuation for it's long haul business.
revenue increase so much still loss 1bil.. really bravo.. fuel cost still at USD150/barrel that suprise me bcz all of us know that the oil price has peak and decreasing. any idea why AA fuel cost is so high? Q3 same as Q2 .
I don't really get the idea of divesting aviation business to AAX. Is Tony trying to give up on Capital A? I don't think digital business can sustain Capital A as it contributes only 5% of its current revenue. Does any expert here mind explaining the rationale behind this action please?
Bankcrupt lar. Add money, burn money and the cycle repeats. Lost rm4bil per year. Later underwear also gone. Otw to 15 cents. After borders opened still dying. Sell, salvage whatever you can salvage n move on.
Tony can't even pronounce the word divestment of Capital A's aviation arm to sister company AAX. But it makes not much different which entity takes charge of which airplane asset to fly. One thing for sure, whether is Capital A, AAX or the newly form company Airasia Aviation Group, the shareholders are the same. Delay tactics.
5099 CAPITALA CAPITAL A BERHAD Quarterly rpt on consolidated results for the financial period ended 30/09/2022 Quarter: 3rd Quarter Financial Year End: 31/12/2022 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/09/2022 30/09/2021 30/09/2022 30/09/2021 RM '000 RM '000 RM '000 RM '000 1 Revenue 1,960,851 295,894 4,238,070 1,015,148 2 Profit/Loss Before Tax (1,153,824) (1,111,513) (3,344,761) (2,804,032) 3 Profit/(loss) attributable to ordinary equity holders of the parent (901,313) (887,003) (2,736,329) (2,234,484) 4 Net Profit/Loss For The Period (1,143,381) (1,110,288) (3,341,440) (2,806,078) 5 Basic Earnings/Loss Per Shares (sen) (22.30) (22.80) (67.70) (59.40) 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) (1.7000) (0.8700) Remarks: You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Myairline have 5/6 planes only. AA got 200 planes. Quarterly loss is due to many grounded planes being unable to be rolled into service in time and the lease payment continues despite not flying. Myailrine RM48 sounds affordable but how sure you are that it’s not hurting their profit? Does every pax pay 48 only? Or just the lucky few? Can they cover the cost? Do they have the frequency and convenience like AA do? Moreover, AA got AAX to provide feeder service from Aus/NZ/Japan/Korea and soon China. And AAX is making money right now. Myairline is on their own trying to capture the market. They may succeed but won’t take a big chunk out of it. You need to look at the big picture.
Capital A Bhd has issued a clarification that the proposed plan announced recently is not a merger of AirAsia Bhd and AirAsia X Bhd, but a potential disposal of Capital A’s aviation assets to AirAsia X.
the exercise is aimed at forming a separate publicly-quoted aviation group, comprising six airlines — four short-haul Asean airlines and two medium-haul airlines, namely AirAsia, Thai AirAsia, AirAsia Indonesia, AirAsia Philippines, AirAsia X and Thai AirAsia X.
this stock at this price has huge upside once it takes off again, very helpful/friendly and positive political environment which wants to see the success of airasia
Rather disappointing the company unable to capitalize on post-covid economic recovery last qtr. Its going to be a turbulence ride ahead as short to medium term challenges persist for Capital A amid economic slowdown next year.
Revenue jumps 6 folds too. Don’t discount that. But the price trend is going up, despite all the negative picture that you have painted. Maybe you’re just an accountant??!!
Its rather concerning as the fact is the company unable to convert those increased revenue into profit. Will see how is the performance in this qtr which is considered as peak season. If the result is still disappointing, means hopeless already.
KUALA LUMPUR (Dec 7): KNM Group Bhd has defaulted on three credit facilities, two totalling US$23 million (RM101.4 million) and one of €68.5 million (RM316.2 million) on Dec 1, or about RM417.6 million in all.
In an exchange filing announcing the defaults by its wholly-owned subsidiaries, KNM said it is presently in close negotiation with the lenders, although the repayment date has not changed from the Nov 30 deadline, following a previous extension.
The Practice Note 17 (PN17) outfit said the events of default may trigger cross defaults in other existing financial facilities.
“Nevertheless, KNM Group has been communicating with the respective financial institutions involved pertaining to KNM Group’s plan to improve its financial position, in order for the KNM Group’s other existing financial facilities to remain status quo,” it added.
KNM had timed the repayment to be done upon its disposal of its key subsidiary Borsig GmbH for €220.8 million, which also had a Nov 30 deadline. However, the Borsig deal did not materialise, as the relevant conditions precedent were not fulfilled.
On the defaults, the euro-denominated credit facility was lent out by Danos Ltd to Peterborough Green Energy Ltd.
Meanwhile, the US dollar facilities from TransAsia Private Capital Ltd comprised two parts, namely US$13 million borrowed by KNM Renewable Energy Sdn Bhd, and US$10 million by Splendid Investments Ltd.
TransAsia lent out the funds in its capacity as manager, for and on behalf of the Asian Trade Finance Fund 2, a sub-fund of the TA Asian Multi-Finance Fund.
“KNM has been in close discussion with the lenders on various measures to address this event of default, and details of the measures are still in the state of flux,” it said.
It added that the event of default “may have an adverse impact” on the its financing facilities, in the event that KNM Group’s respective financial institutions suspend their financing facilities, pending the resolution of the event of default.
“In this respect, KNM would like to remind that the current businesses, in particular for overseas operations, and the actual general market conditions would be sufficient to ensure continuity, should the financial institutions maintain their respective positions.
“For this reason, KNM shall endeavour to continue its other business operations, notwithstanding this isolated event of default and will engage with the lenders and suppliers for their continued support,” it said.
KNM added that the subsidiaries involved — namely Peterborough Green Energy, KNM Renewable Energy and Splendid Investments — are not considered the group’s major subsidiaries.
Shares of KNM settled unchanged at five sen on Wednesday (Dec 7), valuing the group at RM168.59 million.
China relaxation on Covid control will create a huge surge of demand for travels especially overseas travels. This will benefit airline companies servicing Asia Pacific region.
Not according to some people. They only want MH to monopolise Malaysian market and watch AA die. Little did they know MH survives on their hard earn taxes money.
KUALA LUMPUR (Dec 10): Initial investigations into the data leak involving five million AirAsia passengers and staff found there was a cyberattack on AirAsia's server system on Nov 12 resulting from unauthorised access.
Communications and Digital Minister Fahmi Fadzil said the cyberattack had the potential to cause data leakage, and further investigations are underway to identify the cause of the intrusion as well as the overall impact of the incident.
"The investigating team under the Ministry of Communications and Digital, which consists of the Personal Data Protection Department and CyberSecurity Malaysia, began the probe by holding discussions with the management of Capital A Bhd, which is the parent company of AirAsia, on Dec 1.
"Following the discussion, Capital A has been instructed to submit evidentiary documents, along with computerised data evidence related to the investigation," he said in a statement on Saturday (Dec 10).
However, he said the details of the case could not be disclosed to the public, while the investigation is still ongoing to avoid legal implications and disrupting the investigation.
Fahmi said the ministry views seriously allegations that the data leak was caused by a hacker group known as "Daixin".
He also urged all data users to constantly monitor and improve aspects of cybersecurity from time to time by ensuring that system infrastructure, databases and networks are updated and secure.
"Apart from that, data users should outline a cybersecurity policy, and ensure that the policy is followed as a measure to avoid intrusion by irresponsible parties," he said.
Last month, local media reported that personal data of passengers and employees of the low-cost airline was allegedly leaked, after being hacked by the cybercrime group known as Daixin.
Read also: AirAsia hit by ransomware attack, five million passenger and employee data compromised
@ikanbiliskering, i dont think that china still open due they i think have some objective...even big market in india fail and they currently more focused on small market due airline still not used/mass parking at klia...still no money.. air asia will survive back if have biggest foreign investor like grab or gojek but the question is why no any received big fund yet? even our dato or tan sri still avoid it for air asia.. some fissy now cause as estimate this stock should depend on at end of this year but the share was much dropping, below estimation 0.80cent. if fail reach below 0.80cent then any news for air asia was fake
bila right issue????? NTA dah negatif RM1.70.......... kerugian dah kian bertambah, dll
INDIVIDUAL PERIOD CUMULATIVE PERIOD CURRENT YEAR QUARTER PRECEDING YEAR CORRESPONDING QUARTER CURRENT YEAR TO DATE PRECEDING YEAR CORRESPONDING PERIOD 30 Sep 2022 30 Sep 2021 30 Sep 2022 30 Sep 2021 $$'000 $$'000 $$'000 $$'000 1 Revenue 1,960,851 295,894 4,238,070 1,015,148 2 Profit/(loss) before tax -1,153,824 -1,111,513 -3,344,761 -2,804,032 3 Profit/(loss) for the period -1,143,381 -1,110,288 -3,341,440 -2,806,078 4 Profit/(loss) attributable to ordinary equity holders of the parent -901,313 -887,003 -2,736,329 -2,234,484 5 Basic earnings/(loss) per share (Subunit) -22.30 -22.80 -67.70 -59.40 6 Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
AS AT END OF CURRENT QUARTER AS AT PRECEDING FINANCIAL YEAR END 7 Net assets per share attributable to ordinary equity holders of the parent ($$) -1.7000 -0.8700
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....
EatCoconutCanWin
6,492 posts
Posted by EatCoconutCanWin > 2022-11-30 06:32 | Report Abuse
Give Tony one more chance to proof it. Kita boleh!