AIRASIA X BERHAD
KLSE (MYR): AAX (5238)
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Last Price
2.02
Today's Change
-0.03 (1.46%)
Day's Change
2.02 - 2.06
Trading Volume
1,953,800
Changes
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Discussions
51 people like this. Showing 50 of 44,818 comments
congrats AAX
"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,"
1 week ago
It is expected to spike as more fleets are said to be on the agenda.Stony is over the moon now and planning for massive expansion.
1 week ago
Oil crash down, avg fares up 80%, interest rate peaked, holiday season travelling boomed. out of jailpn17,,super 4Q!
1 week ago
AAX’s PN17 Exit a Precursor to Aviation Group Merger With Capital A?
Source : MAYBANK, Price Call : BUY, Price Target : 3.40
Last Price : 2.16, Upside/Downside : +1.24(57.41%)
1 week ago
TAAX recorded a net proft of RM749.17 million in the current quarter. As at 30 September 2023, the unrecognised amount of the Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 million. In accordance to MFRS 128, any profits will only be recognised when its shares of the profits equals the share of losses previously not recognised.
Did maybank analyst know that TAAX need to acheive another net profit of RM 140.28/0.49 = RM 286.28 million to clear the balance Group's share of loss of TAAX which have not been equity accounted for amounted to RM140.28 million before any share of TAAX profit?
Note: TAAX 9 months end 30/9/2023
RM '000
operating profit: 57,321
Foreign exchange loss: (181,339)
Other gains: 893,351
Profit before taxation: 769,333
Other gains is a one off debts restructure gain.
1 week ago
https://id.tradingview.com/symbols/NYMEX-AKS1%21/
You can monitor above link for SINGAPORE JET KEROSENE (PLATTS) FUTURES
AKS1!NYMEX
Pasar buka
107.395USDD
+0.039
+0.04%
1 week ago
Can anyone share what is Maybank IB Research aviation analyst Samuel Yin Shao Yang new forecast on core net profit for FY 2023 and FY 2024 to come out with reaffirmed a "buy" call on AAX with a lower target price of RM3.40 (previously RM3.56)?
Previously: In a note on Thursday (July 27), Maybank IB Research aviation analyst Samuel Yin Shao Yang said that moreover, AAX is now effectively debt-free.
He forecast record core net profit of RM160.1 million for FY2023 and RM256.5 million for FY2024.
Ascribing 10 times CY2023 estimated PER (price-earnings ratio) to AAX, we derive a TP of RM3.58.
1 week ago
Sometime I just wonder did IBs analyst really qualified in reading and understanding financial report?
1 week ago
Just simpleflying
https://simpleflying.com/airasia-x-sheds-distressed-profitable-q3/
1 week ago
Re-post from CapA forum
Winter is coming and beware of winter flu.
What is winter flu?
Seasonal influenza (the flu) is an acute respiratory infection caused by influenza viruses. It is common in all parts of the world. Most people recover without treatment. Influenza spreads easily between people when they cough or sneeze.
23 Nov 2023
Updated:
3 hours ago
Chinese officials say they have not detected any “unusual or novel diseases” in the country, the World Health Organization has said, after the UN health agency made an official request for information about an outbreak of a mysterious pneumonia in northern China mostly affecting children.
China has been experiencing an increase in cases of influenza-like illnesses compared with the same period in the previous three years when strict measures were in force as part of its zero-COVID strategy.
1 week ago
AirAsia X experienced a notable 11% increase, with its shares rising by 23 sen to RM2.33, propelled by the news that the financially troubled long-haul low-cost airline had successfully averted the risk of delisting.https://www.facebook.com/groups/291395438819711/posts/1038134867479094/
1 week ago
very likely will have a Uptrend Spree... just wait for it :)) IB are doing their jobs
1 week ago
Ya... no uptrend at anytime soon. Probably stagnant for the next few months. No more good news.
6 days ago
Know why AAX never make profit since listing?
And AAX never pay any dividend since listing?
What AAX go thro" under Stony is RI, debts restructure, (infamous 0.5 sen for every ringgit owed, capital reduction, 10 to 1 consolidation and PP.
Repost from capA forum
Stony/capA overcharged AAX, JV partners: AA Phillipine, AA Thailand, AA Indonesia, AA Japan and AA India (profit transfer from JV to capA) to pay dividend to capA shareholders mostly to himself.
Stony is now trying to do the same profit transfer from CapA aviation to Capital A International.
Note:
AA India sold back to Tata group.
AA Japan the JV partners accept the failure and close shop.
AAX need to debts restructure (0.5 sen to every ringgit owed), capital reduction, 10 to 1 consolidation and PP
AA philippines Stony abused his power to bail out JV partner (60 %) for undisclosed sum and transfer billions in accumulated loss and negative equity to capA .
AA Thailand take over by JV partner AAV (Thai listed company)
BANGKOK, 20 October, 2021 - Asia Aviation Plc. (“AAV”), the major shareholder of Thai AirAsia Co., Ltd. (“TAA”), has unveiled a new shareholder restructuring plan worth Baht 14,000 million in capital, to be secured by issuing convertible bonds and new ordinary shares to both new and existing shareholders. Through this process, AAV aims to hold all shares in Thai AirAsia, while also enhancing liquidity for the airline.
As at 31/3/2023 Capital A
Current assets: RM 1,978,599,000
Current liabilities: RM 10,503,495,000
Net current liabilities: RM (8,524,896,000)
Shareholders’ equity RM (5,553,254,000)
Non-controlling interest: RM (3,822,946,000)
Total equity: RM (9,376,200,000)
As at 30/6/2023 Capital A
Current assets: RM 2,269,900,000
Current liabilities: RM 14,208,631,000
Net current liabilities: RM (11,938,731,000)
Shareholders’ equity RM (8,390,820,000)
Non-controlling interest: RM (1,813,867,000)
Total equity: RM (10,204,687,000)
6 days ago
Obviously doing things exactly opposite to Ryanair had not worked out since 2017. 🤣
Malaysia Airlines feel no shame to make RM6 Billion net profits per year just copy Emirates/SIA/Ryanair Yield Control Curve.
////AA India sold back to Tata group.
AA Japan the JV partners accept the failure and close shop.
AAX need to debts restructure (0.5 sen to every ringgit owed), capital reduction, 10 to 1 consolidation and PP
AA philippines [censored by AI] bail out JV partner (60 %) for undisclosed sum and transfer billions in accumulated loss and negative equity to capA .
AA Thailand take over by JV partner AAV (Thai listed company)////
6 days ago
https://theedgemalaysia.com/node/691412
PM: 30-day visa free entry for visitors from China, India beginning Dec 1
6 days ago
AAX easier to push UP... just wait for it,, patience u will see magic soon ! unbelievable < AAX
5 days ago
The AAX story still unfolding, as Malaysia will grant visa-free entry to citizens of China and India for stays of up to 30 days starting on December 1st 2023. Even analyst can't decide if it's a BUY or HOLD with very different TP from Maybank IB and Public Bank. For me, just waiting for weakness before buying in again for another round of AAX flight to 30,000 feet. Did a short video to share some info and chart view of the stock. Do have a look. Cheers and happy trading. https://youtu.be/dxCz9djKiXs
4 days ago
Actually why AAX related to flying India, China as won't all this route under AA?
3 days ago
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