Cap A and AAX are now two separate entities . Bursa will approve the reg plan. As a fresh new company , AAX has all the potential :)). If u trust in it, and know how much value it has. Ur last chance to board :))
This clears all the doubt that investors had about AAX what more to bursa. Stony really make it happen ! the best , all thanks to him billions are able to travel. terbaik majulah Stony AAX CAPA
https://theedgemalaysia.com/node/689104 KUALA LUMPUR (Nov 7): Edaran Bhd’s share price hit an 18-month high of 71 sen in Tuesday morning trade, after its unit Edaran IT Services Sdn Bhd won a contract to maintain the Royal Malaysian Customs Department’s operating system and MySST (Malaysia Sales & Services Tax) application worth RM89.88 million — which is almost three times the company’s market capitalisation based on its Monday (Nov 6)’s closing price.
AAX upliftment is coming... confirmed nothing to stop it anymore... tony is ready from the first aax to the next cap A.. have faith, trust and be rewarded :)) ...
@sslee, desperate ?? this call business deal... perfect marriage,, have to be creative and smarter to survive in this tough time :)) if too stuck in old ways, still old school still follow rule written by others how gonna improve :))
Dont let the PN17 status affect or cloud yr investment in AAX, as the GOMEN currently cant afford to have AAX de listed or struck off as job losses will mount and that smart crac fit FAT,SHORT, BALDY fellow will keep his AAX all to himself n cronies
We refer to the announcements dated 20 July 2023, 19 October 2023 and 2 November 2023 in relation to the Company’s application for, among others, the Proposed Relief & PN17 Upliftment (as defined therein) and the Company’s appeal in respect of Bursa Securities’ decision on the said application (“Appeal”). Unless otherwise stated, all terms used herein shall have the same meaning as defined in the said announcements.
On behalf of the Board of Directors of AAX, AmInvestment Bank Berhad is pleased to announce that Bursa Securities has, vide its letter dated 21 November 2023, after taking into consideration the relevant facts and circumstances, including among others, the following:
(i) the Company no longer triggers any prescribed criteria under Paragraph 2.1 of Practice Note 17 of the Listing Requirements (“PN17”);
(ii) the Company having complied with the criteria for waiver and upliftment from being classified as a PN17 company; and
(iii) the quarterly report for the financial period ended 30 September 2023 (“Quarterly Results”) which is due by 30 November 2023 pursuant to Paragraph 9.22 of the Listing Requirements,
resolved to allow the Appeal subject to AAX announcing a profit after taxation attributable to the equity holders of AAX in the Quarterly Results (“Condition”).
The upliftment of AAX from being classified as a PN17 company will come into effect on the next market day after fulfilment of the Condition.
SEPANG, 21 November 2023 - AirAsia X Berhad (“AirAsia X” or the “Company”) is pleased to announce its financial results for the Third Quarter of 2023 (“3Q23”) ended 30 September 2023, and that it has been approved to exit its Practice Note 17 (PN17) classification by Bursa Malaysia Securities Berhad (Bursa Malaysia), marking a significant milestone in the airline's journey.
The Company registered a revenue of RM648.4 million, over six times higher year-on-year (“YoY”), reflecting about 64% recovery against the 2019 level, as the Company continued to return to operational normalcy over the past 12 months. During the quarter, increased recovery of the Company’s scheduled flight operations and additional capacity were introduced within its operational fleet. Consequently, the Company’s operational expenses posted an uptick, further exacerbated by the weakening of the Malaysian Ringgit against the US Dollar. Despite an increased cost structure, a downward forex trend, and a historically slower quarter, the Company persevered and recorded a net profit of RM5.6 million
20. Lease liabilities As at As at 30/09/2023 31/12/2022 RM'000 RM'000 Current - Lease liabilities 98,254 57,033 Non Current - Lease liabilities 1,418,762 1,005,449
As at As at 30/09/2023 31/12/2022 RM'000 RM'000 The currency profile of borrowings is as follows: 1,517,016 1,062,482
As at As at 30/09/2023 31/12/2022 RM'000 RM'000 Not later than 1 year 98,254 57,033 Later than 1 year and not later than 5 years 773,787 285,165 Later than 5 years 644,975 720,284 1,517,016 1,062,482
AAX also proposed that if it were to garner more than RM300 million in annual earnings before interest, tax, depreciation and amortisation, lease rentals and restructuring costs during its 2023-2026 financial years, all creditors except Airbus would be entitled to 20 per cent of those earnings. REUTERS
9 months end 30 Sept 2023 EBITDA RM 592,992,000. So can AAX afford to give any dividend?
who cares dividend?? we want share price LIMIT up... show me pn17 out = limit UPPPP ! give me more money so i can stay in 5 star hotels (book by airasia app) and be next to ur hotel rooms to party with sifu sslee, rr88 and i3hooker
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
The_JQuestion
1,699 posts
Posted by The_JQuestion > 2023-11-02 21:56 | Report Abuse
Cap A and AAX are now two separate entities . Bursa will approve the reg plan. As a fresh new company , AAX has all the potential :)). If u trust in it, and know how much value it has. Ur last chance to board :))