Posted by Sslee > 2023-09-01 19:25 | Report Abuse

AAX balance sheet already fulfill the lifting of PN17 but the other crucial requirements are:

1. No injection of capitalA aviation with billions of liabilities; and

2. No default in payment by a listed issuer, its major subsidiary or major associated company, as the case may be, as announced by a listed issuer pursuant to paragraph 9.19A of the Listing Requirements and the listed issuer is unable to provide a solvency declaration to the Exchange

From CapitalA quarter 2 financial report:
36. Subsequent event
On 16 August 2023, the Thai Bankruptcy Court (“Court”) commenced the proceedings to consider the business rehabilitation plan of Thai AirAsia X that was previously approved by the creditors in July 2023. The Court concluded that they have gathered sufficient evidence and information to make a decision. The Court has scheduled to render a decision in relation to the rehabilitation plan on 31 August 2023. The total amount to be written off for the Group is RM231.5 million after considering the recoverable amounts under the rehabilitation plan.
However, a provision for doubtful debt of RM223.0 million has already been made, the additional impact to the income statement of the Group will be about RM8.5 million.

Posted by ericwwt > 2023-09-02 11:59 | Report Abuse

AAX will certainly be lifted away from PN 17. Based on past records, it's very common for Bursa to take at least 2 to 3 months to lift PN 17 status without having to submit a regularisation plan.

So AAX's PN 17 status will be lifted sometime in September or October.

Posted by paulthesotong > 2023-09-02 12:54 | Report Abuse

The Flying Dagger or what?

https://newsroom.airasia.com/news/central-bankruptcy-court-approves-rehabilitation-plan-for-thai-airasia-x#gsc.tab=0

Posted by ks5S > 2023-09-02 16:53 | Report Abuse

Like this aax fly to the moon.

Posted by i3lurker > 2023-09-02 19:42 | Report Abuse

BURSA also needs a 12 month solvency test. Thats why its taking so long.

Posted by Sslee > 2023-09-03 07:59 | Report Abuse

A long haul budget airline business modal can never be profitable. (You can check AAX past 10 years record)
https://klse.i3investor.com/servlets/stk/fin/5238.jsp?type=last10fy

The reason is Budget airline based on aircraft fast turnaround which long haul can't do.
And by the way business travel ( company paid business travel) will never use long haul budget airline. The mean cuatomers are budget tour/ tour group travel, which are seasonal.

Posted by Sunflower01 > 2023-09-04 11:26 | Report Abuse

GIve absolute Bonus Now can.......

Posted by higHChloride > 2023-09-04 16:55 | Report Abuse

how to collapse? explain pls

Posted by paulthesotong > 2023-09-05 09:28 | Report Abuse

The Smallee of Flying Dagger..

https://www.businesstimes.com.sg/companies-markets/brokers-take-maybank-raises-target-price-airasia-x-outlook-improves-thai-unit

Posted by Sarcasm777 > 2023-09-05 09:48 | Report Abuse

Some of the so called financial experts here are hoping for the death of aax. They forgot that they’re not business owner. They’re salarymen their whole life. It’s easy for them to judge. They said its business model didn’t work, poor balance sheet, T20 and corporate staff (they cut cost too) don’t fly with them etc.

To start with, budget airlines has never targeted premium flyers. But that doesn’t mean aax doesn’t have premium customers. I’ve seen royal member, business tycoon, politician etc fly with them. As for the business model, they’ve renamed themselves as medium-haul budget carrier. There’s a difference between long and medium hall. For balance sheet, they’re clean now.

The only issues these naysayers are having is bitterness. They can’t stand to see the company turns around. Maybe because they’ve had some major failure or regret in their own lives too.

Posted by DoubleO > 2023-09-05 10:23 | Report Abuse

On air now !

Posted by Activestream > 2023-09-05 10:32 | Report Abuse

alot of sour grapes disappear liao so now is safe flight up again !!!!

Sarcasm777

Posted by Velmani > 2023-09-05 10:38 | Report Abuse

AA Bounce back 🏹

Posted by teknikal > 2023-09-05 10:38 | Report Abuse

Resistance RM2.38-RM2.45
Support RM1.80-RM2.10

Posted by icecool > 2023-09-05 10:41 | Report Abuse

where is rr88 and his 0.8 sell call ? 2.39 now hahaha

Posted by moneycashrich > 2023-09-05 10:46 | Report Abuse

near term collapse and or going much higher...............all have failed and did not happen.

Posted by DoubleO > 2023-09-05 10:56 | Report Abuse

Many people fell victim due to panic selling that day.

Posted by paktua73 > 2023-09-05 10:56 |

Post removed.Why?

Posted by Ahboy96 > 2023-09-05 11:46 | Report Abuse

lucky still holding... nid to have faith on Tony
come back is real

Posted by DoubleO > 2023-09-05 12:02 | Report Abuse

RM3 by this month if too good to be true.

Posted by newbie8080 > 2023-09-05 12:06 | Report Abuse

Crude oil price inching higher in the last quarter of 2023.
Likely will incur higher fuel cost which will lead to lower net profit again.

Posted by i3lurker > 2023-09-05 12:07 | Report Abuse

no worries
oil price high just stop flying

Posted by Sslee > 2023-09-05 12:18 | Report Abuse

Business tycoon Sir Richard Branson fly AAX too.

Sir Richard Branson is AirAsia's Flight Attendant
Jumat, 19 Oktober 2018 23:30 WIB

TEMPO.CO, Sepang - AirAsia X flight number D7-237 flying from Perth to Kuala Lumpur is a flight like none other. Passengers had a once-in-a-lifetime experience being served drinks by none other than Sir Richard Branson, owner of Virgin Air, who cross-dressed as one of the flight attendants. Sir Richard's new gig was part of his promise to AirAsia boss Tony Fernandes after losing a bet a couple of years ago.

Sir Richard, founder and chairman of Virgin Group, wore lipstick, shaved his legs, put on a sexy red skirt and joined AirAsia X's cabin crew in a special charity flight. The business magnate spent the 5.5-hour flight serving food and drinks, giving out souvenirs, doing some entertaining and making in-light announcements to the passengers and media partners from around the globe. The charity flight is part of a fundraising program for the Starlight Children Foundation.

Posted by Heavy987 > 2023-09-05 12:25 | Report Abuse

Lifted soon ??

Posted by DoubleO > 2023-09-05 12:55 | Report Abuse

Possible today back to RM2.50+ , cancelling the previous big fall.

Posted by batigoal > 2023-09-05 14:09 | Report Abuse

Any reason moving up again ??

Posted by newbie9893 > 2023-09-05 14:19 | Report Abuse

I am seeing that the buying momentum is pretty strong today, should continue move up until limit up ..go..go..go

Posted by ks5S > 2023-09-05 14:24 | Report Abuse

prepare to exit pn17.

Posted by Heavy987 > 2023-09-05 15:53 | Report Abuse

🙏🙏

Posted by iloveraub > 2023-09-05 16:54 | Report Abuse

Finally some good news.... bye bye to pn17 soon🙏🙏

Posted by Heavy987 > 2023-09-05 18:53 | Report Abuse

news out？

Posted by Ravi1969 > 2023-09-05 20:45 | Report Abuse

Not yet . Fingers crossed

Posted by ks5S > 2023-09-05 22:32 | Report Abuse

Thai AAX To Provide Large Earning Boost
By Editor -September 4, 2023

Maybank IB has maintained a buy call on AirAsia X Thailand with a higher TP of MYR3.56 as the investment house expects the 49%-owned AAX to contribute sizeable earnings going forward thanks to its recently concluded debt rehabilitation.

The fare environment in Thailand is more favourable than in Malaysia and Maybank IB expects it to remain as such in the near term. It has also raised the 2023, 2024, and 2045 core net profit forecast by 7%/47%/41% and migrated its valuation basis to 6x CY24E PER from 10x CY23E PER while the next catalyst will be the upliftment of PN17 status.
On 31 August, the airline announced that the Central Bankruptcy Court of Thailand had approved its business rehabilitation plan. This means that creditors will take a haircut on the amount owed to them by TAAX. Unlike MAAX, TAAX will not have to share profits with creditors going forward. Recall that AAX stated that it expects to recognise its share of the debt settlement and waiver of debts pursuant to the debt rehabilitation amounting to c.MYR300m.

More importantly, the debt rehabilitation means that AAX will equity account for its share of TAAX net profits going forward. This is significant because TAAX has never contributed profits to AAX since commencing operations in 2013. Note that for 6M23, TAAX generated a core net profit of MYR98.8m which was much higher than AAX 6M23 core net profit of MYR8.7m (which was, in turn, entirely derived from MAAX) due to high unit passenger revenue of MYR1,110, which was 25% higher than MAAX’s.

To account for its share of TAAX net profits from Sep 2023 onwards, Maybank IB said it tweaked FY23E core net profit upwards for AAX by 7% and lift FY24E and FY25E core net profit by 47% and 41% respectively. Note that they are premised on the 8 Airbus A330s that TAAX currently has in its fleet. TAAX stated that it plans to grow its fleet count to 17 Airbus A330s over the next 5 years.

Thus, the house believes it is being conservative in its TAAX estimates.

Posted by The_JQuestion > 2023-09-06 00:13 | Report Abuse

sslee with his old news ... lame duck trying to be relevant
Richard branson and tony are well legends... best at what they do. look at share price :)) nvr wrong

Posted by godofinvesting > 2023-09-06 09:42 | Report Abuse

SASBADI (5252) – Going to jump 300% back to 80 sen level?

https://klse.i3investor.com/web/blog/detail/investorjewels/2023-09-04-story-h-240944425-SASBADI_5252_Going_to_jump_300_back_to_80_sen_level

Posted by Heavy987 > 2023-09-06 11:14 | Report Abuse

Very interesTing 🤨

Posted by 9vegetable > 2023-09-06 12:45 | Report Abuse

fly fly fly! wohooo!

Posted by hakimrich94 > 2023-09-07 10:04 | Report Abuse

when AAX to uplifted from PN17 ?

Submitted on 20 July 2023
Now already 7 Sept 2023

Almost 2 months already

Posted by paulthesotong > 2023-09-07 10:34 | Report Abuse

Higher jet fuel prices are just passed on to consumers n willing to pay.seats are full airports are packed everwhere u go. 4 future.

Posted by DoubleO > 2023-09-07 12:36 | Report Abuse

shoot up before break, prepare!

Posted by wiminvestor > 2023-09-07 16:12 | Report Abuse

eventually pn17 will be lifted lol

Posted by GoldmanSach > 2023-09-07 16:16 | Report Abuse

Just buy and hold for upliftment. After upliftment, share price above RM3.00+

Posted by GoldmanSach > 2023-09-07 16:34 | Report Abuse

Last min sapu, look like good news no far away.

Posted by EngineeringProfit > 2023-09-07 16:37 | Report Abuse

See u 5.00

Posted by DoubleO > 2023-09-07 16:45 | Report Abuse

Buying sign from Bursa Officer, they getting onboard already.

Posted by hakimrich94 > 2023-09-07 18:29 | Report Abuse

who is the bursa officer ?

Posted by boringinvestor > 2023-09-08 09:10 | Report Abuse

Share price up 450% in the past 12 months, still got energy to jump ?

Posted by EngineeringProfit > 2023-09-08 09:12 | Report Abuse

See u 5.00

Posted by SinGor > 2023-09-08 09:27 | Report Abuse

paulthesotong
Higher jet fuel prices are just passed on to consumers n willing to pay.seats are full airports are packed everwhere u go. 4 future.
_______________________________

Oil price is unpredictable......75% of aax Tickets are "pre-booked" when price are Cheap. AAX Losses will
compound rapidly when Oil movement is erratic. 3Q losses is unpreventable But 4Q will recover due to
Christmas and Year Travelling

Posted by newbie9893 > 2023-09-08 09:50 | Report Abuse

pn17 will be lifted this weekend....limit up today