AIRASIA X BERHAD

KLSE (MYR): AAX (5238)

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Last Price

1.50

Today's Change

0.00 (0.00%)

Day's Change

1.49 - 1.51

Trading Volume

858,200


51 people like this.

45,018 comment(s). Last comment by Apple4Oranges 19 hours ago

Sslee

5,272 posts

Posted by Sslee > 2023-10-27 07:41 | Report Abuse

Good morning Income,
Maybe this is me, like to teach that is why my subordinates call me sir and the boss like to joke that if he cannot convince the customers/visitors he will call me to explain to confuse the customers/visitors.

Sslee

5,272 posts

Posted by Sslee > 2023-10-27 07:49 | Report Abuse

https://klse.i3investor.com/blogs/Sslee_blog/2019-05-10-story-h1477422051-Eighth_Wonder_of_the_World_I_have_a_Dream.jsp

Eighth Wonder of the World: “I have a Dream”
Author: Sslee | Publish date: Fri, 10 May 2019, 9:01 PM

Income

10,593 posts

Posted by Income > 2023-10-27 08:26 | Report Abuse

Good morning i3 lurker Sir and Sslee Sir, two of you are my enlightened mahaguru. When I am in doubt, I will always refer to both of you. Both of you must be bestowed the title Sir by King Charles of England. Keep up your good work.

teknikal

180 posts

Posted by teknikal > 2023-10-27 09:00 | Report Abuse

Support 1.80 resistance 2.20

Sslee

5,272 posts

Posted by Sslee > 2023-10-27 09:42 | Report Abuse

Bursa moved the goal posts for AirAsia X with new requirements, sources say
By Kang Siew Li | theedgemalaysia.com | 2023-10-25 16:04:53
"Under Bursa Malaysia’s guidelines, a company can apply to exit [the] PN17 status, following two consecutive quarters of net profit after completion of its financial regularisation scheme. However, AAX is now required to show four consecutive quarters of net profit due to concerns about the sustainability of its business,” an analyst pointed out.

Most likely I will write to theedge editor this weekend the headline "Bursa moved the goal posts for AirAsia X with new requirements" is uncalled for and wrong in fact as AAX never submit any PN17 regularisation plan to start with.

And theedge argument that it was Bursa fault causing the flight of high profile companies such as Grab Holdings Ltd to the US is wrong in fact and figure. Imagine if Grab was listed in Bursa how many billions investors money already lose in Grab?

Further more what theedge implied that the deal of the proposed disposal of Capital A’s aviation assets to AAX will proceed, despite recent events is good for AAX is totally wrong as AAX will immediately default payment on the obligation of net current liabilities transfer from capA .

As at 30/6/23:
CapA
Net current liabilities of RM (11,938,731,000)
Shareholders' equity RM (8,390,820,000)
Total equity RM (10,304,487,000)

Income

10,593 posts

Posted by Income > 2023-10-27 12:59 | Report Abuse

English for non native English speakers… haha
https://youtube.com/shorts/UgScNP92BJI?si=B2nYRsbvoZNPW963

Income

10,593 posts

Posted by Income > 2023-10-27 13:01 | Report Abuse

AAX flight…???
https://youtube.com/shorts/4MrJlsdVSOo?si=yozxUBjRQHMnjKru

Income

10,593 posts

Posted by Income > 2023-10-27 13:21 | Report Abuse

Who are still using banana leaves as toilet paper???

https://youtube.com/shorts/eNY25igwR3A?si=8Za0DTj9VoB7nmCC

linheng

1,360 posts

Posted by linheng > 2023-10-27 13:55 | Report Abuse

Tony F from Royal Circus?

Income

10,593 posts

Posted by Income > 2023-10-27 17:50 | Report Abuse

This girl left behind all her friends and family for what?
https://youtube.com/shorts/V_Wn1ZYW6Ws?si=pi7Tb27oQiQGURhe

Income

10,593 posts

Posted by Income > 2023-10-27 17:59 | Report Abuse

https://youtube.com/shorts/Kq2Wv6xrISc?si=natahK0kvmKHJqK8
The best place to visit…

Posted by resolution666 > 2023-10-27 18:09 | Report Abuse

wait at 1.70-1.80

ks5S

4,601 posts

Posted by ks5S > 2023-10-27 18:37 | Report Abuse

next quarter super profit lah

ks5S

4,601 posts

Posted by ks5S > 2023-10-27 18:42 | Report Abuse

khazanah will miss the golden opportunity to merge mas and airasia if they don't act now. They will have to wait for another covid pandamic outbreak to get this merger if they don't do it now.

Income

10,593 posts

Posted by Income > 2023-10-27 23:15 | Report Abuse

Do you know this…
https://youtube.com/shorts/hClGyEmuz3g?si=zB2sAl2QgkqwrOTQ

The_JQuestion

1,543 posts

Posted by The_JQuestion > 2023-10-27 23:28 | Report Abuse

“The issue is AAX doesn’t have a regularisation plan because it is making money. It is not going to submit a plan because there is no other plan other than to run its airline business,” said a source.
Sslee with his bookie i3looker fail to see this part as well :)).... only pick the bad parts... i guess they love rancid smell so much

Eagle77

4,776 posts

Posted by Eagle77 > 2023-10-28 08:46 | Report Abuse

Awaiting at 1.60 ⬇️

Income

10,593 posts

Posted by Income > 2023-10-28 09:43 | Report Abuse

Every candle was lit
https://youtube.com/shorts/LvHZ9fFxztM?si=dU0j1HD4yj7724KX

Income

10,593 posts

Posted by Income > 2023-10-28 10:03 | Report Abuse

Japanese beauty standards
https://youtube.com/shorts/bBzkwj6jPPE?si=WtwjUK2vbU4lsGF_

Income

10,593 posts

Posted by Income > 2023-10-28 10:12 | Report Abuse

The best pancake in the world
https://youtube.com/shorts/K4qUh9uL9GI?si=hQUJnbODXKfkMvIS

Income

10,593 posts

Posted by Income > 2023-10-28 10:17 | Report Abuse

10 thousands Usd for a gecko?
https://youtube.com/shorts/4j_J6h_HkI4?si=YgfcQofydSucoKUV

Sslee

5,272 posts

Posted by Sslee > 2023-10-28 10:24 | Report Abuse

The_JQuestion,

Know the debt restructure plan approved by shareholders at EGM.
Did AAX carried out the plan fully?

Resolution passed at the EGM.
SPECIAL RESOLUTION
PROPOSED REDUCTION OF 99.9% OF THE ISSUED SHARE CAPITAL OF AAX PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 (“ACT”) (“PROPOSED SHARE CAPITAL REDUCTION”)

ORDINARY RESOLUTION 1
PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN AAX (“AAX SHARES”) INTO 1 AAX SHARE (“PROPOSED SHARE CONSOLIDATION”)

ORDINARY RESOLUTION 2
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW AAX SHARES (“RIGHTS SHARES”) TO RAISE GROSS PROCEEDS OF UP TO RM300.0 MILLION (“PROPOSED RIGHTS ISSUE”)

ORDINARY RESOLUTION 3
PROPOSED ISSUANCE AND ALLOTMENT OF NEW AAX SHARES TO RAISE GROSS PROCEEDS OF UP TO RM200.0 MILLION BY WAY OF SUBSCRIPTION BY PLACEES (AS DEFINED HEREIN) (“PROPOSED SHARE SUBSCRIPTION”)

And anything wrong Bursa/SC reject the AAX’s application for the Proposed Relief & PN17 Upliftment on question of unsettled RM 600 million refund?

Mavcom to act on AirAsia X if ticket purchases not reimbursed accordingly, says customers should not be classified as creditors
https://www.theedgemarkets.com/article/mavcom-act-aax-if-ticket-purchases-not-reimbursed-accordingly-says-customers-should-not-be

KUALA LUMPUR (Nov 12): The Malaysian Aviation Commission (Mavcom) has urged AirAsia X Bhd to reimburse the tickets for customers whose flights were cancelled, in response to the airline’s action of treating its customers as creditors and repay them only 0.5 sen for every ringgit paid.

The Nov 12 statement came soon after all three groups of AAX creditors passed AAX’s restructuring plan, which will see AAX pay just 0.5% of some RM33.65 billion in liabilities, as well as terminate all of the airline’s existing contracts.

AAX’s liabilities categorised as tickets sold to passengers and travel agents amounted to just under RM600 million, according to details of the airline’s restructuring proposal. AAX’s proposal would see only under RM3 million paid back from the initial amount.

In a statement, Mavcom said it will not hesitate to exercise its powers under the Malaysian Aviation Commission Act 2015 (Act 711), if AAX fails to reimburse the affected travel consumers accordingly.

Income

10,593 posts

Posted by Income > 2023-10-28 12:23 | Report Abuse

Japanese donuts are insane
https://youtube.com/shorts/JH12CeH2b8w?si=iA_WPv5ZAr1Hi4cJ

Chia hs

37 posts

Posted by Chia hs > 2023-10-28 17:38 | Report Abuse

Pre Covid, 2019 their average quarterly revenue was ~1.x bil, and currently is half of it, hope that they can speed up the revenue recovery to the 2019 level .... ..... ... +ve QR in coming quarters and out of PN17 will be best to lure international investors into AXX.

mf

27,986 posts

Posted by mf > 2023-10-28 21:49 | Report Abuse

Dow Jones

Dow Jones Industrial Average

32,417.59

-366.71

1.11%

Eagle77

4,776 posts

Posted by Eagle77 > 2023-10-29 08:05 | Report Abuse

War is getting worse and critical!!! 💥💥💥🩸🩸🩸

Posted by TiGongPoPiPopi > 2023-10-29 10:20 |

Post removed.Why?

Eagle77

4,776 posts

Posted by Eagle77 > 2023-10-29 18:51 | Report Abuse

Gold price surpassed 2,006 💥💥💥⬆️

mf

27,986 posts

Posted by mf > 2023-10-30 05:31 | Report Abuse

Dow Jones

Dow Jones Industrial Average

32,417.59

-366.71

1.11%

ks5S

4,601 posts

Posted by ks5S > 2023-10-30 07:49 | Report Abuse

buy

kahfui1221

297 posts

Posted by kahfui1221 > 2023-10-30 11:49 | Report Abuse

@Sslee. Normally how long it takes for them to revert your email?

paulthesotong

2,566 posts

Posted by paulthesotong > 2023-10-30 14:14 | Report Abuse

oil down airline up, sound logic!

Posted by TiGongPoPiPopi > 2023-10-31 09:58 |

Post removed.Why?

ks5S

4,601 posts

Posted by ks5S > 2023-10-31 10:32 | Report Abuse

buyloh. manyak kuat

Posted by bobbbyyy > 2023-10-31 16:36 | Report Abuse

gogogogog... buy now or regret later

Posted by loonisback > 2023-10-31 16:50 | Report Abuse

market rebounding, collect below rm2

Posted by NatsukoMishima > 2023-10-31 17:59 | Report Abuse

AAx ,capitalA water fish will pay for debt and loan!

SinGor

4,728 posts

Posted by SinGor > 2023-10-31 18:33 | Report Abuse

when ALL company secretaries resigned ---it means Tony is not following Bursa standard but using Bar Tender
standard " Happy Hours 24/7 "

Apastock

123 posts

Posted by Apastock > 2023-10-31 19:05 | Report Abuse

red eagle . eye very cun cun everytine... it can fly it can hunt... yihaa...

Posted by TiGongPoPiPopi > 2023-11-01 09:19 |

Post removed.Why?

Medusa

537 posts

Posted by Medusa > 2023-11-01 11:36 | Report Abuse

Runnnnnnnnnnnnnnnnnnnnnnnnnn

AAX failed to follow bursa’s directive

Kikiki…

paulthesotong

2,566 posts

Posted by paulthesotong > 2023-11-01 16:15 | Report Abuse

"16 planes are back adding 2 more by March .TAAX 5 now 5 more to go."

curiousq

883 posts

Posted by curiousq > 2023-11-01 16:42 | Report Abuse

can try ah? like very risky leh .....

rr88

6,392 posts

Posted by rr88 > 2023-11-01 22:56 | Report Abuse

Close shop. Dump!

Posted by NatsukoMishima > 2023-11-02 00:03 | Report Abuse

In bursa they also very weak already yet still want to listing in NASDAQ ???
only water fish will join !

mf

27,986 posts

Posted by mf > 2023-11-02 05:01 | Report Abuse

Yemen’s Houthi militia claims to have launched an attack on Israel.
The Israeli military said it had thwarted a batch of “aerial threats” but did not say who was behind them.

Sslee

5,272 posts

Posted by Sslee > 2023-11-02 08:44 |

Post removed.Why?

kahfui1221

297 posts

Posted by kahfui1221 > 2023-11-02 18:34 | Report Abuse

If you think Airasia is able to perform just like in 2018 and before, then go for it 😗

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