Posted by Sslee > 2024-05-27 19:21 | Report Abuse

AAX good result because of good deal from aircraft lessors:
As at lease liabilities
31/03/2024 31/12/2023
RM'000 RM'000
Not later than 1 year 186,031 152,392
Later than 1 year and not later than 5 years 760,718 760,718
Later than 5 years 593,072 598,915

CapitalA current lease liabilities as at 31/12/2023 is RM 5,259,638,000.
Do you think capA can earned a reasonable profit after paying this aircraft lease FEES to lessors amt to RM 5,259,638,000 for FY2024?

Posted by Sslee > 2024-05-27 19:23 | Report Abuse

Not forgetting the many borrowings and RCUID interest payment.

Posted by ken2004 > 2024-05-27 20:42 | Report Abuse

So, the prediction will be this coming qtr is in red also? aax 80 million is not good to me lol.....

Posted by The_JQuestion > 2024-05-27 22:37 | Report Abuse

Fuel is down 8 % ... load factor high ... if u think qr is bad , u r senile like mr debt payer which will be transferred away :)
meanwhile the other businesses are still growing making this a growth potential company ,, santan teleport ADE has been very impressive / hotel section seems to be picking up / big pay users increasing

Posted by The_JQuestion > 2024-05-27 22:42 | Report Abuse

sslee do u know RCUID holders get profit from their shares + all the interest and also super good value warrant... very untung FYI :))

Posted by Pandu1 > 2024-05-28 00:25 | Report Abuse

Aax Naps increased from 10 sen to 43.6 sen.

Posted by Pandu1 > 2024-05-28 00:28 | Report Abuse

hours ago


newbie9893

AAXreleased super QR, Q to Q+190%, PAT = 80 millions. Still making profit lo. This 1st 1/4. Got 3 qter more lo.

Posted by Pandu1 > 2024-05-28 00:52 | Report Abuse

D highest price was @ Rm2.57 on 14 Sept 2023. It dived to 1.18 on 22/4/24. Rebounded to 1.62 on 7/5/24. Today 1.56. Hve been hovering between 1.53 to 1.56 for 1 month. Thats the sign of its strength. Bravo.

Posted by Pandu1 > 2024-05-28 01:01 | Report Abuse

Air Asia managed to go through many turbulences and safe journeys. I 4c it will reach above Rm2 in near future.

Posted by Pandu1 > 2024-05-28 01:06 | Report Abuse

Same to Cap A will break the Rm1 barrier in near future. Up up n away............

Posted by Mabel > 2024-05-28 13:49 | Report Abuse

From Beijing with love

After a lackluster FY23A, the Chinese market drove 1Q24 results to way above our expectations. We maintain our earnings estimates pending a meeting with management. Note that we have yet to impute any upside from the upcoming acquisition of CAPITALAs 4 airlines and contribution from TAAX. We roll forward valuation, pegging on 7x FY25E PER (industry average ex-Interglobe, Spring and VietJet) from 8x FY24E PER and raise our TP to MYR1.88 from MYR1.52.

Additionally, the group is also assessing new destinations to be incorporated into its network and apart from most recently Central Asia, the group looks forward to bridging the connectivity for more regions soon.

“This tracks the group’s growth and expansion strategy, in line with its ongoing engagement with Capital A for the proposed acquisition of the latter’s aviation business, encompassing airlines such as AirAsia Malaysia Bhd and AirAsia Aviation Group Ltd which in turn includes Thai AirAsia, Indonesia AirAsia and Philippines AirAsia,” it said.

https://www.thestar.com.my/business/business-news/2024/05/28/aax-1q-revenue-up-656

Posted by Junx Leow > 2024-05-28 14:49 | Report Abuse

Look like not a good sign..........

Posted by Pandu1 > 2024-05-28 14:57 | Report Abuse

Maybank target price of 1.88 not good sign mei?

Posted by Pandu1 > 2024-05-28 15:00 | Report Abuse

Todays highest price was 1.71 lo despite lower quarterly profit wo.

Posted by Pandu1 > 2024-05-28 15:01 | Report Abuse

Up 15sen lo

Posted by Pandu1 > 2024-05-28 15:02 | Report Abuse

Ss pulled down d price lo.

Posted by Pandu1 > 2024-05-28 15:02 | Report Abuse

After cant pull down anymore sure fly lo.....

Posted by Pandu1 > 2024-05-28 15:03 | Report Abuse

Up up n away.

Posted by Pandu1 > 2024-05-28 15:07 | Report Abuse

Vol stood @ 22 million wo. Got 2 hrs more wo.

Posted by Pandu1 > 2024-05-28 15:09 | Report Abuse

Many buyers @.86

Posted by Pandu1 > 2024-05-28 15:13 | Report Abuse

Let sleep n let the aircraft fly. Even with turbulence but nobody will hurt........ Bravo airasia planes n pilots.

Posted by Mabel > 2024-05-28 21:23 | Report Abuse

KUALA LUMPUR: AirAsia group of airlines, including medium-haul affiliate airlines AirAsia X and Thai AirAsia X, has bagged the Top Low-Cost Carrier in Asia for 2024 award by AirlineRatings.com in its annual Airline Excellence Awards.

The group and its affiliate medium-haul airlines have re-written the rule book for airlines in Asia and beyond, and today, we have over 255 aircraft flying to over 165 destinations

"The proposed divestment of the AirAsia Aviation Group of airlines from Capital A to AirAsia X is on track and will be a game changer in the industry to ensure significantly more high quality, low-cost air travel for short-, medium- and long-haul flights connecting Asia and the Asia Pacific to the world at the very best cost,” Tony said.

Meanwhile, AirlineRatings.com editor-in-chief Geoffrey Thomas said that the win was "richly deserved” as these airlines have made travel affordable for nearly 800 million passengers throughout Asia and the Asia Pacific, and they offer outstanding value and a great experience.

https://www.thestar.com.my/business/business-news/2024/05/28/airasia-wins-top-low-cost-carrier-in-asia-2024-award

Captain Mabel Meow

Posted by Mabel > 2024-05-28 22:19 | Report Abuse

Pandu1 Let sleep n let the aircraft fly. Even with turbulence but nobody will hurt........ Bravo airasia planes n pilots.
28/05/2024 3:13 PM

Cheers Pandu1

Please to see that Mabel Airlines is the biggest mover today. With AAX Result is already out, all of us is now waiting patiently for Capital A Result which will be announced this week. If you follow the trend for Singapore Airlines it should be good....

Captain Mabel Meow....

Posted by Mabel > 2024-05-28 22:19 | Report Abuse

*Financial skies and the melodic wings of Mr. Mister’s “Broken Wings*.” 🎵

🌟 Capital A’s Financial Flight 🌟

In the realm where balance sheets soar, Where numbers dance and profits roar, Capital A unfurls its wings, A symphony of gains, the market sings.

📈 AAX, once veiled in uncertainty’s haze, Emerges, phoenix-like, from turbulent days. Its fourth quarter, a crescendo of revival, Net profit blooms, a financial survival.

🌐 Singapore Airlines, a seasoned traveler, Navigates skies with poise, a seasoned traveler. Their net loss, once tempest-tossed and grim, Now narrows, as restrictions loosen their grip.

🎶 Mr. Mister, your “Broken Wings” echo, In boardrooms where analysts’ eyes glow. Capital A, like your wounded bird, mends, As investors await results, hearts on the mend.

🔍 Mabel Airlines, the mover of tides, Whispers secrets to the moon as it glides. And Capital A? Ah, its wingspan unfurls, A financial tale etched in market swirls.

🎩 Investors, like magicians, read the signs, In quarterly reports, they seek the divine. Will Capital A soar, or falter and sway? The answer, my friend, lies in the day.

🌠 Broken Wings, a metaphor we embrace, For stocks that stumble, then find their grace. Capital A, AAX, and Singapore’s flight, Together they dance, in financial twilight.

Note: The financial results of Capital A and AAX are real, while the poetic interpretation is a whimsical flight of fancy. 🌙✨

Listen to “Broken Wings” here 🎧
https://www.youtube.com/watch?v=nKhN1t_7PEY

Posted by The_JQuestion > 2024-05-28 22:20 | Report Abuse

Sslee

Not forgetting the many borrowings and RCUID interest payment.

HALO are u lost old man. seems like what u are saying is not cap A problem anymore? all this will be abosrbed by AAX no?? to create another clean sheet company , the next sectors to look at are the next core components to watch out for. double digit growth will spur the interest of investors with the exit of pn17 in line <<< like they said , stop digging into old debt my friend HOHO HAHA!

Posted by goldmanbull > 2024-05-29 00:33 | Report Abuse

Dont play this counter. So many turbulence

Posted by EngineeringProfit > 2024-05-29 06:25 | Report Abuse

Temporary turbulence because of repeated conversion of loan stock at a price that is lower than the market over the past one week.

Posted by Pandu1 > 2024-05-29 12:05 | Report Abuse

Who cares? Buy low sell high.

Posted by human > 2024-05-29 13:56 | Report Abuse

During the pandemic , RI is done to raise cash to sustain the company. The LA payment and free WA are bundled to attract investor to subscript RI.
Those convert the LA (injecting cash into Capital A) probably think the new airline proposal is attractive.
These investors would think LA or WA not a burden but opportunities to make monies.
Post proposal the next proposal of listing of AirAsia brand is unlocking intangible assets become actual shares with market value. Use branding to make monies.

Posted by Sslee > 2024-05-29 17:54 | Report Abuse

Another lose making Q1 end 31/03/2024.

Posted by JrWarren > 2024-05-29 18:06 | Report Abuse

haiya, loss making again.
unrealised forex and depreciation lor.
aiyo, why still got 789M cash from operation, aiya, why repaid 433M loan...
how come cash increased by 200M to 900M ??
WHY ????

Posted by hhhiii123 > 2024-05-29 18:30 | Report Abuse

Tomorrow gap down lol

Posted by sell > 2024-05-29 18:31 | Report Abuse

Why QR loss again? Those chasing high never warn about QR?

Posted by sell > 2024-05-29 18:32 | Report Abuse

Low not 60 sen? 86 sen is low?

Pandu1

Who cares? Buy low sell high.

6 hours ago

Posted by Mabel > 2024-05-29 18:58 | Report Abuse

Finally Mabel Airlines Capital A Berhad’s first-quarter 2024 is out:

• Record-breaking quarter despite only operating 78% of total fleet:
• Revenue exceeds RM5.2 billion
• Over RM1 billion EBITDA
• Net Operating Profit of RM305 million
• Capital A non-aviation businesses contributes over RM620 million or 12% to total Group revenue with EBITDA margin of 13%
• Year-on-Year Growth: These figures represent an impressive 107% increase in revenue and a 105% increase in EBITDA compared to the same period last year.
• Capital A has been a trailblazer in shaping and transforming the travel industry in Asia, making flying affordable for everyone.

CEO of Capital A, Tan Sri Tony Fernandes' comments on the business outlook:

"As I promised last year, we are returning stronger than before. The record-breaking results, powered by our twin engines of growth in the Aviation Group and Capital A Companies, speak volumes about our resilience and growth potential. In the first quarter alone, we have hit multiple new records that culminated in our best-ever quarterly financial performance. This demonstrates the strength and effectiveness of our diversified ecosystem and the momentum we are building.

The Aviation Group reached historic highs for revenue, EBITDA and ancillary income despite operating with over a fifth of our fleet still grounded. Meantime, Capital A Companies generated a stellar half a billion of revenue and a profitable operating performance in just one quarter. I am excited about the rest of the financial year as the Aviation Group returns to full airline capacity and grows our fleet further, with the resulting ecosystem synergies for Capital A Companies.

"We are also gaining momentum in our efforts to unlock the full value of our businesses, both airline and non-airline. We recently announced the proposed divestment of our aviation business to unlock its value as a pure-play business. Next, we will submit the circular to Bursa Malaysia by June and move a step closer to resolving our PN17 status through the submission of our regularisation plan a month later.

"Capital A is the first in the world to grow from an airline into five verticals of strong aviation-led businesses. Our immediate strategy now focuses on delivering shareholder value, getting the right organisation structure, and doubling down on our low-cost DNA across the ecosystem. Additionally, we are committed to maximising ecosystem synergies to enhance our performance and create sustainable growth.

"So the next six months will be the defining period for Capital A as we execute our strategic initiatives to address challenges and seize exciting opportunities. At the end of this period, I believe we will have delivered an amazing turnaround - emerging stronger with two strong groups of businesses with immense potential and transformative value creation for our stakeholders."

https://www.marketscreener.com/quote/stock/AIRASIA-GROUP-6497323/news/AirAsia-CAPITAL-A-FINANCIAL-RESULTS-FIRST-QUARTER-2024-46850870/

Posted by Sslee > 2024-05-29 19:22 | Report Abuse

Look into cashflow from financing activities.
More borrowings to pay lessors for lease aircrafts RM 726,424,000
The current lease liabilities snowball to RM 5,985,234,000

Sales in advance RM 2,086,697,000 but cash balance only RM 932,872,000
Net current liabilities is now RM (12,923,931,000)

Posted by JrWarren > 2024-05-29 19:30 | Report Abuse

wah, so many debt, why still surviving ??
why lessors and lenders still give money to AA ??
BOA and Airbus approved lease to AA ??
Tony is their sweetheart ??
is there insider news that we dont know ?
why Airbus continued to deliver aircraft to AA ?
are they crazy ?

Posted by Sslee > 2024-05-29 19:32 | Report Abuse

Net Operating Profit of RM305 million.
Who Stony trying to kid or is Stony saying aircraft lease payment to lessors for non operating aircraft is waived?

Posted by ken2004 > 2024-05-29 19:37 | Report Abuse

The revenue is really high, just reach till profit and loss, not sure why become red......

Posted by raymondroy > 2024-05-29 19:42 | Report Abuse

PAT YoY : Loss -244m compared to 26m profit, but if excluding forex loss, then its 126m profit, increase by almost 5-fold; cash generated from operating activities 789m compared to 528m increase by 49%; EBITDA of 1billion compared to 0.5billion, increase by 100%.... pretty impressive overall... on the road to recovery :-)

Posted by ken2004 > 2024-05-29 19:43 | Report Abuse

Actually, if you really just see numbers, AA, capital A, whatever they call long time bankrupt already and delisted lol, this is true facts, you really need to ask those investor, banks keep pumping money in as to them if you push till close shop means bad debts to them already...........

Posted by Sslee > 2024-05-29 19:44 | Report Abuse

BOA and Airbus approved lease to AA ??
Look like someone do not know at all who are the lessors and tgink lessors give money to capA???

Posted by Sslee > 2024-05-29 19:44 | Report Abuse

From Q4 FY 2023 quarterly report:
Lease liabilities
The lease liabilities amounting to RM 18.7 billion includes deferred aircraft leases of approximately RM 2.3 billion. The lease liabilities are supported by ROU assets of RM 12.1 billion.
The Group had completed the restructuring of a total of 161 aircraft leases up to the date of this report including the waiver of lease rentals in arrears, as well as reducing future lease rates with a corresponding longer lease term, where necessary, and return of aircraft.

Question 14: BOD currently the Group has how many aircraft lessors? Will BOD kindly list down the aircraft lessors/lease companies the amount: lease liabilities owed, lease deferred, lease rental in arrear waive, future lease rate reduce with corresponding longer lease term and return of aircraft?

Question 15: BOD any management or BOD team member/members has/have direct or indirect vested interest in The Group’s aircraft lessors/lease companies?

Page 40: Funding
The Group is currently engaging in discussion with lenders at different stages for debt and equity fundraising, with an estimated amount of RM3 billion. As at the date of this report, the Group has received commitment from investors for a Revenue Bond Program of up to USD365 million (equivalent to RM1.68 billion)
The Revenue Bond program entails the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1) and cash inflow of approximately USD125 million (approximately RM575 million) (Tranche 2) to finance working capital, maintenance cost and lease rentals. The revenue bond will be secured against passenger seat sales from identified routes and shares in a subsidiary. Tranche 1 of the Revenue Bond has a tenure of 2.5 years whereas Tranche 2 has tenure of 4 years. The bond is expected to be issued by mid of 2024.

Question 16: BOD what are the reasons aircraft lease companies/lessors demand for the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)?

Page 13: Going Concern Assessment;
Quote, “Critical to the going concern assessment are the Directors’ expectations of continuous support from the Group’s aircraft lessors” unquote

Question 17: BOD is the move by lessors for the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1) a sign of lessors losing their confidence in the Group ability to pay the outstanding lease payment?

Referring below Q1 2023 presentation
Well positioned for growth with a total of 362 aircraft in order book to be delivered in the next 12 years. 73 aircraft have already been secured financing through Sales and Leaseback (SLB) arrangements with several lessors.

Question 18: BOD what is the latest status on the above?

Posted by ken2004 > 2024-05-29 19:47 | Report Abuse

The attractive part on airlines is they earn billions which make people think even if you owe billions also one day you should be able to repay or recover............that potential is there as long you still run your business, not close down..........

Posted by ken2004 > 2024-05-29 19:50 | Report Abuse

LOL, respect really, maybe for interest else i really don't bother do such analyses, will move on to other better stock........

Posted by Sslee > 2024-05-29 20:02 | Report Abuse

cash generated from operating activities 789m compared to 528m increase by 49%; EBITDA of 1billion compared to 0.5billion, increase by 100%.... pretty impressive overall... on the road to recovery :-)

Are you sure?

Referring: under MFRS 16:
(i) On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset;
(ii) On the Consolidated Cash Flow Statement, operating lease rental outflows, previously recorded within net cash flow from operating activities, are classified as “net cash flow used in financing activities” for repayment of principal of lease liabilities.

The Late Charlie Munger's Best Quote “I think that, every time you saw the word EBITDA", you should substitute the word "bulls**t" earnings.”

Question 7: External Auditor can you please explain what Charlie Munger is trying to say on EBITDA?

Question 8: BOD why every quarter presented the beautiful EBITDA figure without stating “under MFRS 16: On the Consolidated Income Statement, expenses which were previously included under aircraft operating leases will be replaced by finance costs – lease liabilities and depreciation of right of use asset”

Page 12: External Auditor Going Concern Assessment:
Quote, “The Group reported a loss for the year of RM 96 million whilst the Company reported a loss for the year of RM 1,960 million, for the financial year ended 31 December 2023. The group and the Company reported net operating cash flow of RM 1,413 million and RM 72 million respectively. As at 31 December 2023, the group current liabilities exceed its current assets by RM 12,699 million. In addition, as at 31 December 2023, the Group reported a negative shareholders’ funds of RM 8,762 million.” unquote

Question 9: External Auditor if total cash outflows for leases RM 2,045 million under financing activities is moved back to previously recorded within net cash flow from operating activities what will be FYE2023 net operating cash flow?

Question 10: External Auditor, from Sales in advance: RM 2,025,298,000, Proceeds from borrowings: RM 1,273,030,000 yet The Group only managed payment of lease liabilities: RM 2,045,816,000 which is far off the amount of current lease liabilities reported at FYE 2022 RM 4,340,844,000. What happens to the unpaid FYE 2022 current lease liabilities?

“Going Concern Assessment” (Refer page 12-13).
Quote, “Management had prepared a cash flow forecast as part of the assessment on whether the Group and the company will be able to continue as a going concern.” Unquote

Question 11: BOD, FYE 2023 current lease liabilities is RM 5,438,692,000. What were the projected FY 2024 total amount (lease) recognised in profit or loss and amount payment of lease liabilities in cash flow from financing activities?

Question 12: External Auditor looking back on FYE 2022 Management cash flow forecast on going concern is that cash flow forecast fulfilled as at FYE 2023 audited financial result?

Question 13: External Auditors if FYE 2022 Management cash flow forecast is far off the mark as per actual achieved then as at 31 December 2023, the group current liabilities exceed its current assets by RM 12,699 million. Are Auditors satisfied and confident with management's cash flow forecast for year 2024 that the group will not default on the net current liabilities of RM 12,699 million?

Posted by ken2004 > 2024-05-29 20:06 | Report Abuse

More interested to know, tomorrow will limit down then since in red now? get ready to collect in low? lol

Posted by sell > 2024-05-29 20:24 | Report Abuse

NTA RM -2.11 getting worse or worst ever.

Posted by raymondroy > 2024-05-29 20:26 | Report Abuse

ok ok putting all these numbers, and lease liabilities etc etc...... AA is the best low budget airlines in the world, I have many options to choose for flights, but end up with AA as its cheap :-) LOL .... and service is not all that bad (what do you expect if paying cheap, as long as plane dont fall off sky)..... covid put a spanner into AA works, and today they are recovering..... travel is booming, airports printing money (recently Khazanah, EPF, GIP, ADAI made general offer for MAHB - what does it say??) and banks are lining up to provide financing what else as an investor do you need ??? But I will agree that "time" is the cost here..... shd I put my money in AA or YTLP (LOL).... which will give me the expected returns over "time" as recovery takes "time" and do you have the "time".... sometimes I wish there was a price for time..... as then I can "buy" time..... p/s :buying time-telekom is not the same:-) cheers.....

Posted by Anw412 > 2024-05-29 20:28 | Report Abuse

PN17 almost over for Cap A. After all the corporate exercise is done, funds will start pouring in as Cap A is no longer considered the affected issuer. long term investor wont just sell since they're looking forward since last year for CapA to resolve this PN17. Good luck to those looking to buy cheap!