Posted by Mabel > 1 day ago | Report Abuse

OK Lah...Mabel will try to sell today at 80 sen...

Let see if any Uncles and Aunties wang to buy...

Meow

Posted by Balian de Ibelin > 1 day ago | Report Abuse

Capitulation => Mabel sell means it is a buy call. 😁

Posted by Mabel > 1 day ago | Report Abuse

Haha still waiting to collect more at 64 sen..

Let see if Uncle and Aunties Shorties can help..hihihi

To Our Success !

Meow

Posted by Jojobama > 1 day ago | Report Abuse

1 quarter half a billion of losses. 1H2024 already 0.8 billion of cumulative losses. might as well close shop.

Posted by Mabel > 1 day ago | Report Abuse

With a much stronger SGD, Mabel Airlines SIA is generous to reward the shareholders with Merdeka Angpow. Singapore Airlines Limited announced that at its AGM held on 29 July 2024 approved a final dividend of 38 cents per ordinary share for the year ended March 31, 2024 while Capital A Berhad reported its unaudited financial results for the quarter ended 30 June 2024 (“2Q2024”), a Net Loss primarily due to unrealized foreign exchange losses due to our earlier weak RM.

The Group, consisting of Aviation Group and Capital A Companies - Capital A Aviation Services, Teleport, MOVE Digital and Capital A International, posted second quarter revenue of RM4.9 billion and EBITDA of RM735 million, representing Year-on-Year (“YoY”) increase of 54% and 59%, respectively. The result is achieved despite ongoing fleet reactivation efforts with 22 aircraft remaining grounded. Capital A’s non-aviation companies showcased promising progress, achieving over RM1.3 billion in Year-to-Date (“YTD”) revenue, surpassing YTD revenue in FY2023.

The Group’s YTD net cash from operations doubled YoY to RM2.1 billion.

https://newsroom.airasia.com/news/capital-a-financial-results-second-quarter-2024#gsc.tab=0

The AirAsia Aviation Group intends to launch 23 new routes across its five units in Southeast Asia by end-September, a significant expansion that comes amid an improvement in earnings.

The low-cost airline group, which is in the process of being divested from parent Capital A, also expects passenger traffic recovery for the July-September period to be around 89% pre-pandemic levels, with growth led by Mainland China and India.

Still on target to get out of PN17 in 2025...

Meow

Posted by Mabel > 16 hours ago | Report Abuse

Meanwhile Mabel Airlines AirAsia X (AAX) has been awarded the title of Best International Airline Flying to Australia at the Australian Aviation Awards 2024.

The ceremony in Sydney recognized AAX’s dedication to excellence and innovation within the aviation industry. The Australian Aviation Awards, now in their third year, celebrates the crème de la crème of the aviation industry.

The awards celebrate those shaping the future of flying through a rigorous judging process that evaluates growth, business development, diversity, leadership, innovation, and contributions to Australia’s aviation landscape.

Syabas Malaysia!!!
https://www.msn.com/en-my/lifestyle/travel/airasia-x-soars-to-new-heights-crowned-best-international-airline-at-the-australian-aviation-awards-2024/ar-AA1pHZxH?ocid=nl_article_link

Posted by Mabel > 1 hour ago | Report Abuse

Maintain BUY call and MYR1.00 SOP-TP

2Q24/6M24 results came in marginally below our expectations as fewer than-expected aircraft were returned to service. That said, there are very positive tailwinds in easing jet fuel prices and the recovering MYR.

Moreover, the return to service of its entire fleet is a matter of ‘when’ and not ‘if’ to us. Thus, our earnings estimates, BUY call and MYR1.00 SOP-TP are maintained for now. CAPITALA expects to dispose its shareholding in its 5 airlines to AAX in 4Q24 and lift its PN17 classification in 1Q25/2Q

Results analysis

2Q24 EBITDA recovered 103% YoY largely due to:-
(i) passengers carried recovering 41% YoY; and
(ii) unit passenger revenue growing 15% YoY.

2Q24 EBITDA was down 29% QoQ largely due to unit passenger revenue seasonally easing 9% QoQ.

6M24 EBITDA recovered 213% YoY largely due to:-
(i) passengers carried recovering 67% YoY; and
(ii) unit passenger revenue growing 14% YoY.

Value Proposition
1. Asia’s leading low cost carrier with highest market share, largest fleet size and most extensive route network.

2. Operates in 5 countries after exiting Japan and India, which provides unrivalled route network reach.

3. Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.

4. Growing middle class in Asia fueling growth in demand for
air travel.

5. Won the coveted ‘World’s Best LCC’ award for a record 15 times in a row by Skytrax.

Financial Metrics
1. Best financial indicator is core net profit ex-disposal gains, forex and fair value changes, and deferred taxation.
2. Forecast FY24E to return to core net profit on more passengers and higher fares.
3. Forecast FY25E core net profit to grow further on more passengers as all aircraft would have returned to service.
4. Sensitive to fuel price movement, a USD1 per barrel change in fuel price will move earnings by MYR40m-MYR50m.
5. Balance sheet as at end-2Q24 in a net debt position of MYR4.38b if ex-finance lease liabilities.

Capital Mabel Meow

Posted by Mabel > 1 hour ago | Report Abuse

Share Price MYR 0.765
12m Price Target MYR 1.00 (+27%)
Previous Price Target MYR 1.00

Source : Mabel's Tiger Bank

Meow

Posted by Mabel > 1 hour ago | Report Abuse

https://mkefactsettd.maybank-ke.com/PDFS/402984.pdf

Meow

Posted by Sslee > 19 minutes ago | Report Abuse

Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.

Is capA after paying lease payment to lessors, will it be one of the most highest unit cost airlines?

Group’s YTD net cash from operations doubled YoY to RM2.1 billion.
Cash flow from financing activities
Repayment of lease liabilities RM (1,792,676,000)

CapA is too good to the lessors and still paying lessors RM (100,343,000 + 76,568,000) for non operating aircrafts in Q2 ended 30/6/2024.

As at 30/6/2024
RM'000
Net current liabilities (13,478,846)
Total equity (11,244,436)
NTA RM (2.12)

Current lease liabilities RM 5,510,697,000

Can capA generate enough cash flow to pay the current lease liabilities?
Luckily revenue bond come to the rescue. So that capA can live to fight for another day.

Posted by Sslee > 17 minutes ago | Report Abuse

Lowest unit cost airline in the world. Management is very ambitious, cost conscious and forward-thinking.

Just a question if above is truthful then why capA need to dispose its aviation to AAX?

Posted by Sslee > 8 minutes ago | Report Abuse

5. Balance sheet as at end-2Q24 in a net debt position of MYR4.38b if ex-finance lease liabilities.
Capital Mabel Meow

Why then pay lessors
Cash flow from financing activities
Repayment of lease liabilities RM (1,792,676,000)?

CapA is too good to the lessors and still paying lessors RM (100,343,000 + 76,568,000) for non operating aircrafts in Q2 ended 30/6/2024.