Posted by EatCoconutCanWin > 1 month ago | Report Abuse

Gogo...fly to the moon

Posted by AnthonyAng666 > 1 month ago | Report Abuse

That roller coaster is going up or down ? 😅

Posted by nelsonlim > 1 month ago | Report Abuse

business shd be good, and oil price quite stagnant there. 1.32 is a key level. i would buy up for now tp 1.39 to 1.45

Posted by nelsonlim > 1 month ago | Report Abuse

LETS GOOOOOO

Posted by AnthonyAng666 > 1 month ago | Report Abuse

Cuti-cuti Malaysia. https://theedgemalaysia.com/node/704126

Posted by Sslee > 1 month ago | Report Abuse

https://theedgemalaysia.com/node/703296

Another round of court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity for AAX


So, is there light at the end of the tunnel?

We have been in PN17 for the best part of three years, I think. So, Step 1 was to get AirAsia X out of PN17. Step 2 now is to get Bursa Malaysia to allow us to sell aviation to AAX, which I believe will be very imminent. We have put in the application, and I think in one to two weeks, we should get that approved. Because it is critical for capital raising; that’s the reason we are giving Bursa Malaysia, that we really need to raise capital and we can’t do it under a PN17 company. Bursa Malaysia hasn’t done this, but they are going through that motion. So, we are going to swiftly sell. I think the S&P (sale and purchase agreement) between AAX and Capital A is almost done. So, I’m hoping we will get permission from Bursa Malaysia in March, and we’ll sell the airline. So, we will end up with two groups — Capital A and AirAsia Group. After we sign the S&P, we have to get shareholders’ approval, which will take a couple of months, and then court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity.

Posted by mf > 1 month ago | Report Abuse

Dow Jones

Dow Jones Industrial Average

38,905.66

-137.66

0.35%

Nasdaq

NASDAQ Composite

16,128.52

-49.23

0.30%

Posted by SinGor > 1 month ago | Report Abuse

AnthonyAng666
Cuti-cuti Malaysia. https://theedgemalaysia.com/node/704126
__________________________

If you really looks at Tourists #---8mil from Singapore to Johor ( jalan Kaki )-----4/5mil from Thai to Pedang
Beasr ( naik Basikal / Moto)-------8/9mil from Indonesia ( naik perahu )----That is the real reason you Cannot
see "White People" at KLCC ( compare to Thailand )

Posted by nelsonlim > 1 month ago | Report Abuse

hit tp1 then alon musk come and kacau

Posted by stonedInvest > 1 month ago | Report Abuse

siapa alon musk

Posted by curiousq > 1 month ago | Report Abuse

this one is due for rebound ......
someone pls make a TA video and put on youtube !!!

Posted by curiousq > 1 month ago | Report Abuse

Fxxxk you lah ..... you pushes to 1.50 only come to talk !!!

Posted by loban > 1 month ago | Report Abuse

passenger increase hari raya

Posted by MarketNavigator > 1 month ago | Report Abuse

Good q4 result but couldn't break Rm2 ... Let's see got Raya wave or not. ha

Posted by angki > 1 month ago | Report Abuse

everybody can fly

Posted by AMIRUL > 1 month ago | Report Abuse

hari raya flight more

Posted by Apple4Oranges > 1 month ago | Report Abuse

Current PE ratio of AAX is extremely cheap, only 1.67 x

Posted by Sslee > 1 month ago | Report Abuse

Do not look only at PE ratio because profit can be from one off reversal of provision additional loss of investment.

Look also the cash flow, did AAX generate positive cash flow?

Posted by Apple4Oranges > 4 weeks ago | Report Abuse

If excluded the reversal of provision additional loss of investment in IAAX, it did make positive operating cash flow

Posted by Sslee > 4 weeks ago | Report Abuse

I wonder will AAX BOD dare to go ahead with the take over of capA aviation business (assets and liabilities) that will cause AAX to fall back into PN17 and need another round of debts restructure, capital reduction and share consolidation?

Posted by Sslee > 4 weeks ago | Report Abuse

By the way did the BOD act in good faith or at the best interest of AAX and sharehoders when they signed the agreement to allow BrandAA/ CAPI to charge AAX 0.5% royalty fee and Thai AAX 1.5% loyalty fee?

Posted by Income > 4 weeks ago | Report Abuse

Summoning the de mons?

Posted by Income > 4 weeks ago | Report Abuse

https://youtube.com/shorts/zMggdhQYVVc?si=O7uEIcapeDoXq_q0
Summoning the de mons?

Posted by Income > 3 weeks ago | Report Abuse

https://youtube.com/shorts/kjepYpUGmaw?si=izH3r3wQS2sRDtfw

Posted by AnthonyAng666 > 3 weeks ago | Report Abuse

Unlimited flight with travel pass. Revenue grows again
https://newsroom.airasia.com/news/2024/3/25/travel-unlimited-with-airasia-moves-all-new-travel-pass#gsc.tab=0

Posted by Income > 3 weeks ago | Report Abuse

https://youtube.com/shorts/le-JAvbYCRw?si=Bx8yyRj6sKRg3q7E

Posted by hongwan6 > 3 weeks ago | Report Abuse

season pass

Posted by Aldous47 > 3 weeks ago | Report Abuse

Grab it now or wait below RM1?

Posted by AnthonyAng666 > 3 weeks ago | Report Abuse

I don't think AAX will fall to rm1 and below again ..

Posted by Sslee > 3 weeks ago | Report Abuse

After we sign the S&P, we have to get shareholders’ approval, which will take a couple of months, and then court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity.

Will AAX price fall into penny stock then when the court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity?

Posted by paktua73 > 3 weeks ago | Report Abuse

hi morning too all AAX forum readers..
paktua back with swing pick now on new born stock 24..

if feel AAXbis expensive come look on other opportunities..

paktua back swing on new born stock..
joined paktua on good hot new born stock..
paktua back pick new hot counter for march till june..

so paktua n team we will focus on

1-Mtec paktua target minimum rm1.25 (main target rm1.43)
2-KJTS paktua target minimum brm0.80 (main target rm0.93)
3-Hegroup Paktua target rm0.70
4-Zantat paktua target rm0.70(now only rm0.50)

set from 21hb march 24.till 7hb june 24..
come joined paktua Swing team..
let we fight together



tut tut
come joined paktua swing team..
sent request at tele @swingdarkred73

Posted by newbie8080 > 2 weeks ago | Report Abuse

Crude oil is surging to new high this year at close to USD90 per barrel.
This is not a good sign for airlines which takes up about 30% of the total capex.
Profitability will be a concern moving forward.

Posted by newbietrader9 > 2 weeks ago | Report Abuse

its the time of the season

Posted by durianbay > 2 weeks ago | Report Abuse

Capital A and AirAsia X say they need until April 30 to negotiate disposal of aviation business

Posted by Sslee > 2 weeks ago | Report Abuse

How to close the deal when capA aviation is in deep debts and AAX do not have the money to bail out capA?

Posted by Junx Leow > 2 weeks ago | Report Abuse

Just a paper number, loan can be a asset !!!!

Posted by Sslee > 2 weeks ago | Report Abuse

Loan can be an assets??? How????

Posted by Junx Leow > 2 weeks ago | Report Abuse

When bank borrow all of its money to other people, bank zero asset ?

Posted by Sslee > 2 weeks ago | Report Abuse

Are we talking on capA and AAX? Or are we talking about bank?
So capA is in deep debts is good for AAX? Because AAX can turn these debts into assets?

Posted by Income > 2 weeks ago | Report Abuse

Collateral with your life.
You understand chess games?

Posted by Income > 1 week ago | Report Abuse

https://youtube.com/shorts/pJutCFajqhc?si=Jm5Tvt6LbIHlNRB_

Posted by Income > 1 week ago | Report Abuse

https://youtube.com/shorts/nGutkWaXDUs?si=H7wb6Um20pQSI5H1

Posted by diuleiloumei > 1 week ago | Report Abuse

Good business,but price stranded, very strange

Posted by Income > 6 days ago | Report Abuse

https://youtube.com/shorts/Beme6om0j_A?si=8C0GIS7Pkfth9TeP

Posted by Income > 6 days ago | Report Abuse

https://youtube.com/shorts/9tONiuuHwD8?si=8VEVgtiR-XWrPJ11

Posted by AnthonyAng666 > 5 days ago | Report Abuse

With this kind of market condition, can look it at Rm1 and below...

Posted by Income > 3 days ago | Report Abuse

https://youtube.com/shorts/Nf7MYavpvOQ?si=yhMjW-T-kGTuzI1x

Posted by AnthonyAng666 > 2 days ago | Report Abuse

shoot, it rebounds back. ha

Posted by kyzertai > 9 hours ago | Report Abuse

The new share list with rm1.30 then aax share 1 to 1 swap to new share ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.

Posted by Sslee > 1 hour ago | Report Abuse

Repost from capA forum
AAX will swap their shares in AAX with shares of the NewCo — Airasia Group Sdn Bhd — on a one-to-one basis.

The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.

My opinion:
Engineer work according to the law of physics and chemistry to create many wonders of the word.

Accountant can be very creative like magician giving the illusion of create money out of thin air.

But remember money do not fall from the sky. And according to our legal law if AAX/newco default on any debts transfer from capA then i'm afraid Stony and the whole BOD most likely will end up in jail for below offences:

The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:

“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:

“If it appears…that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration