Posted by Star111 > 2023-05-29 11:06 | Report Abuse

Now the biz already exceeded pre covid, long term sure higher than RM2. Further, company already restructured and wrote off debt with creditors. Future will shine bright like diamond.

Posted by EatCoconutCanWin > 2023-05-29 12:08 | Report Abuse

Raining at Penang, god bless you

Posted by mlike > 2023-05-29 12:46 | Report Abuse

Pang that is not call gostan, we call it landing.

Posted by Eirzam > 2023-05-29 12:59 | Report Abuse

i think aax limit up this evening 😂

Posted by mlike > 2023-05-29 13:16 | Report Abuse

Eirzam, normally life won’t be what you expected.

Posted by icecool > 2023-05-29 15:43 | Report Abuse

tp 4 coming

Posted by Spacewhalezz > 2023-05-29 16:16 | Report Abuse

thank you sifoo, i think this week got chance to limit up too

Posted by Eirzam > 2023-05-29 16:25 | Report Abuse

grandmaster tait kucing 🤣

Posted by Activestream > 2023-05-29 16:27 | Report Abuse

R88 is right volume not nice already the buying one better be very careful !!!! and those advocating tp of rm 4 must be in dreamland got !!

Posted by Donator > 2023-05-29 17:09 | Report Abuse

TP RM4.00 mean u assume got people buy RM4.00 for the share, so anyone can tell me what will the person get if he buy for RM4.00?

Posted by frank74 > 2023-05-29 17:30 | Report Abuse

now, with 327mil profit. Is it sell on news? time will tell

Posted by frank74 > 2023-05-29 17:36 | Report Abuse

it's just mind boggling

Posted by taitaumau > 2023-05-29 17:52 | Report Abuse

Noted: other operating expenses + 216 K
Note 29 says:
Operating costs continue to be impacted by the weakening of currency against US Dollar albeit cushioned by the
favourable fuel price movements (Q1'23: USD116/barrel; preceding quarter Dec'22: USD128/barrel). The
Group's profits were further boosted by the reversal of provisions on debts and investments amounting to
RM265.9 million

Posted by zhen wei & JP > 2023-05-29 17:53 | Report Abuse

AirAsia X First Quarter 2023 Financial Results
AirAsia X Posts RM328 million Net Profit, Shareholders' Equity Turns Positive at RM40.8 million
1Q23 Net Profit: RM 328 million (7x against 1Q19)
1Q23 Revenue: RM 548.8 million (47% recovery against 1Q19)
1Q23 CASK: 6.50 sen (-50% against 1Q19)
Shareholders' Equity: Turned positive at RM40.8 million
1Q23 Operational aircraft: AirAsia X - 9 aircraft out of 14 aircraft
AirAsia X Thailand - 5 aircraft out of 8 aircraft

Posted by Chris James > 2023-05-29 18:00 | Report Abuse

up till rm 20 like top glove.... ggogogoogo

Posted by Sslee > 2023-05-29 19:21 | Report Abuse

Without the reversal of provisions on debts and investments amounting to RM265.9 million what will be the operation profit?

Posted by EatCoconutCanWin > 2023-05-29 19:27 | Report Abuse

Millionaire soon... Yeehaa

Posted by EatCoconutCanWin > 2023-05-29 19:28 | Report Abuse

Sleepless night, celebrate n enjoy till tomorrow morning

Posted by Sslee > 2023-05-29 19:30 | Report Abuse

Anyone can explain the below?

IAAX has been dormant since FY2020. The Group has discontinued the recognition of its share of losses incurred by IAAX as the Group's interests had been reduced to zero. As at 31 March 2023, the unrecognised amount of the Group's share of loss of IAAX which have not been equity accounted for amounted to RM304.7 million.

The Company’s joint venture, IAAX received a Tax Underpayment Assessment Letter from the Indonesia Tax Office (“ITO”) requesting IAAX to pay RM200.7 million relating to underpayment of tax in respect of the fiscal year 2017. The ITO is currently performing tax audits on IAAX in respect of the fiscal years 2018 and 2019 which are expected to be concluded no later than December 2023 and December 2024 respectively.

Whilst the tax audits for fiscal years 2018 and 2019 have not been finalised, it is possible that the ITO would use the same approach as the tax audit for the fiscal year 2017 which may result in additional tax to be paid by IAAX.

IAAX is disputing the Tax Underpayment Assessment Letter in respect of the fiscal year 2017 and has submitted objection letters on 28 November 2022. In the event the dispute is ruled in favour of the ITO, it is unlikely that IAAX will be able to pay the additional tax.

Based on the prevailing tax regulation in Indonesia, tax collection actions shall be carried out against “tax bearers” of corporate taxpayers in the event of non-payment by the corporate taxpayers. Tax bearers are defined under the tax regulations to include shareholders of corporate taxpayers. Accordingly, the Company as a shareholder of IAAX may be responsible for the settlement of IAAX’s tax payable of RM98.3 million for fiscal year 2017, computed based on the Company’s equity interest in IAAX.

The AAX Management are of the opinion that it is more likely than not that an outflow of resources by the Group and by the Company in respect of IAAX’s tax payable will occur. Accordingly, a provision for additional losses in respect of investment in IAAX of RM127.3 million is made as at 31 March 2023 (31 December 2022: RM223.3 million). This amount includes the AAX Management’s estimates of the Company’s share of additional tax payable by IAAX for the fiscal years 2018 and 2019, determined based on the level of operations for the fiscal years 2018 and 2019 and based on the same approach as the tax audit for the fiscal year 2017.

Posted by Chris James > 2023-05-29 19:38 | Report Abuse

Anyone can explain why aax shares keep flying? can reach rm 20 like top glove? or just rm 18.88???

Posted by EatCoconutCanWin > 2023-05-29 19:47 | Report Abuse

Thanks Pang. Next month aax tp rm30 . Hosheh liao. Like gloves trend

Posted by EatCoconutCanWin > 2023-05-29 19:48 | Report Abuse

Sure n confirm limit up for 2-3 times a week

Posted by nich0las > 2023-05-29 20:26 | Report Abuse

If limit up means can reach RM2.68, if count from b4 combination is only 26.8 cents only! Hmm... Aax will go back 50cent i think! Lets goooo!

Posted by Eirzam > 2023-05-29 20:27 | Report Abuse

rr88 please comment qr aax

Posted by EatCoconutCanWin > 2023-05-29 20:35 | Report Abuse

Ya lo pang.. thanks for the encouraging message. I love you 😚

Posted by Income > 2023-05-29 21:23 | Report Abuse

Bro Pang72 is a very kind and good hearted person. You are very lucky to have met him. Now Coconut buyback following Pang advice… is closer to becoming a millionaire through AAX shares…
Congratulations Coconut Bro. 👏🍾🥂

Posted by StartOfTheBull > 2023-05-29 21:35 | Report Abuse

Results is better than the previous QR was expected because percentage of load factor has actually been reported earlier. Big improvement of EPS of 79c is a surprise.
Nevertheless, next QR period is traditionally low travelling season, continuous favourable fuel price and higher load factor are important to bring next QR profit to a greater height.

Posted by 7chewe > 2023-05-29 21:51 | Report Abuse

https://www.nst.com.my/business/2023/05/914591/airasia-x-records-rm327mil-net-profit-q1

KUALA LUMPUR: AirAsia X Bhd registered a net profit of RM328 million for the first quarter ended March 31 2023.

The airline said its revenue was reported at RM548.8 million, marking a significant recovery of close to 50 per cent of the performance achieved in 2019.

The improved metrics are even more favourable as only two more additional aircraft were activated during the quarter, with another six aircraft in line to commence operations as of May 2023.

Posted by 7chewe > 2023-05-29 21:54 | Report Abuse

"Importantly, AirAsia X's shareholders' equity has demonstrated a positive turnaround to RM40.8 million, from a negative shareholders' equity of RM285.2 million in the preceding quarter, which now paves the way for AirAsia X to address its Practice Note 17 classification, subject to regulatory approval."

let's dream further, uplift of PN 17 status due in July, What would be the next price point?
give your fair value, guess your number....2023 gonna be AAX triumph year

Posted by Patient Investor > 2023-05-29 21:56 | Report Abuse

Note 26. There’s a capital commitment in aircrafts purchase yet to be provided.
How will that be funded?

Posted by tallman > 2023-05-29 22:17 | Report Abuse

How tmr, tony goh want gap up or gap down?

Posted by Sslee > 2023-05-29 22:32 | Report Abuse

Profit for the financial period RM 327,998,000
If less reversal of provisions on debts and investments amounting to RM265.9 million
The Profit should be RM (327.9 - 265.9)= 62 million

Posted by ks5S > 2023-05-29 22:42 | Report Abuse

tomorrow limit up

Posted by $$ BUYSELL $$ > 2023-05-29 23:24 | Report Abuse

good news is bad news time to exit.

Posted by zhen wei & JP > 2023-05-30 00:57 | Report Abuse

Over 40 fund has submitted their request. Pending finalization.

Posted by StartOfTheBull > 2023-05-30 06:10 | Report Abuse

It is in stronger position now to help save its brother. Let's see which one move up more this morning.

Posted by StartOfTheBull > 2023-05-30 06:36 | Report Abuse

With RM328 million of Net Profit but cash balance only increased by RM18 million. That is the reason why PP is needed.

Posted by ks5S > 2023-05-30 07:28 | Report Abuse

buy on long term. outlook still very good for air travel

Posted by Sslee > 2023-05-30 07:51 | Report Abuse

Lease liabilities
As at As at
31/03/2023 31/12/2022
RM'000 RM'000
Not later than 1 year: 20,757: 57,033
Later than 1 year and not later than 5 years: 764,728: 285,165
Later than 5 years: 340,528: 720,284

AAX get a very good deal in leasing the planes from leassors. So next year about 5+ million a quarter then next 1- year 5 aboout 180+ million per year.

This Quarter: Maintenance and overhaul: RM (63,490,000). It must cost a lot to activate the rest of grounded planes?
The Group currently operates 9 aircraft and expects 16 aircraft to be operational by end of 2023 to support its expansion plans and maximise the value to the Group.

Posted by Sslee > 2023-05-30 07:57 | Report Abuse

Amounts due from related parties: RM 311,479,000.
CapitalA collect the ticket sales money but has yet to pay AAX.

Posted by EatCoconutCanWin > 2023-05-30 08:05 | Report Abuse

Good morning... Waiting for champagne opening at 9am.. 100% is limit up, no way to buy for newbies

Posted by mlike > 2023-05-30 08:14 | Report Abuse

My mind is very simple , just back to pre Covid, 1 :10, the price back to $4.

Posted by EatCoconutCanWin > 2023-05-30 08:46 | Report Abuse

Limit up..yeah

Posted by Sslee > 2023-05-30 08:50 | Report Abuse

Posted by zhen wei & JP > May 30, 2023 12:57 AM | Report Abuse
Over 40 fund has submitted their request. Pending finalization

CapitalA need billions in capital injection from Pak Arab or debts restructure, capital reduction and share consolidation like what AAX had gone thro' to get out of PN17.

Posted by mlike > 2023-05-30 08:57 | Report Abuse

Red!

Posted by mlike > 2023-05-30 08:57 | Report Abuse

Red after news….

Posted by EatCoconutCanWin > 2023-05-30 09:00 | Report Abuse

Omg

Posted by mlike > 2023-05-30 09:01 | Report Abuse

Apa pun tak ada

Posted by mlike > 2023-05-30 09:02 | Report Abuse

Limit down

Posted by Activestream > 2023-05-30 09:02 | Report Abuse

mayday mayday crash landing incoming as predicted by r88